Crime Is on Increase Essay Example

Crime Is on Increase Essay Crime is on increase Unorganized society commonly caused by many reasons especially the vandalism that leads to unexpected crimes. As we know that, the number of crime committed is increasing day by day while there are also the varieties of its consequences as well as the solutions. In the next paragraphs, both causes and effects of crime will be discussed after one anther which will also be followed by the beneficial solutions. One of the causes of crime is the poor parenting skill which simply refers to the dysfunction of the family; divorce is the best match example that most of the children will definitely bring their feedback after its occurrence. By doing so, they will easily become the victim and thus commit the crime immediately. Similarly, fatherlessness also contributes to criminal activities after one has withdrawn oneself from the others or accidentally taken up with gangsters. Usually, they start either being absent or dropping out of school clustering their own friends into a small group and end up doing something for fun; the reasons behind their reaction is because of the ignorance of the parents toward them, so they will be automatically upset sometimes even lonely that they had to hang out with friends in order to get rid of boredom. Another significant cause that cannot be blamed for is the poverty throughout their whole life. We will write a custom essay sample on Crime Is on Increase specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Crime Is on Increase specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Crime Is on Increase specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Having nothing will sooner or later form the ambition which is the creation of greed; consequently, the poor will be the volunteers in any group works without thinking twice if it is a legal affair. No matter how many bad things they have done, they will try their best to earn the money for their own sake to put themselves equal as the people surrounded them for both position and wealth. Therefore, they will happily enjoy their life which has always been praying for. Yet all they have to do to be rich in a blink of an eye; for instance, a drug seller whose job is to sell the illegal drug for addictive gangsters. If one refuses to get involved in such a business, possibly means that he or she is trying to drive the luck away and having no interest in searching for a good chance to be the well-off person. There are even much more causes of crime which occurred daily while there are also many solutions at the same time. Firstly, there should be a reformation of the system especially education must be put on the first hand due to the fact that it helps people gaining knowledge for making better decision. Once education has been improved, there will be the varieties of employment provided by the local firms; searching for the qualified candidates to be the permanent member of its business activities. Hence, higher salary will be provided without hesitation if that candidate is the right person for recruitment; in addition, he or she is able to improve their living standard by having not only the money to get what they want, but also the reputation of being the rich. The last solution to deals with criminal activities is the punishment which is strengthened by law to scare away those who love committing crimes. The more criminal activities they have done, the more serious punishment they will get. In this case, it includes two different kind of punishments such as: the less serious punishment is to fine the money which is the law set by the local government, the more serious punishment is to sentence in prison many years according to the degree of how serious the crime is. With these solutions, there will be the automatic reduction of crime rate for sure. In conclusion, problem will be solved after its solutions have already found and used. Just like a quote says God never created a lock without its fixed keys. Solving problem is far different from taking an exam, taking exam, students need to complete the space where answers are required unless they know nothing, whereas you have to be flexible to deal with the problem confidentially and of course cannot skip any tasks at all; otherwise, something bad will happen continuously after one another.

An Empirical Investigation of Competency Factors Affecting E-Business Success in European Smes Essays

An Empirical Investigation of Competency Factors Affecting E-Business Success in European Smes Essays An Empirical Investigation of Competency Factors Affecting E-Business Success in European Smes Essay An Empirical Investigation of Competency Factors Affecting E-Business Success in European Smes Essay An empirical investigation of competency factors affecting e-business success in European SMEs Tom R. Eikebrokk, Dag H. Olsen * Department of Information Systems, Agder University College, Serviceboks 422, N-4604 Kristiansand, Norway Received 8 June 2005; received in revised form 5 February 2007; accepted 17 February 2007 Available online 5 June 2007 Abstract In the last decade there was growing interest in strategic management literature about factors that influence a company’s ability to use IT. There is general consensus that knowledge and competency are necessary in developing an IT capability, but there is very little understanding of what the necessary competencies are, and how they influence IS usage in different contexts. The small and medium-sized enterprise context is particularly interesting for two reasons: it constitutes a major part of the economy and it has been relatively unsuccessful in exploiting e-business. We explored the relationship between e-business competency and its success in European SMEs. A literature review was used to determine factors representing e-business competency, and develop hypotheses, which were tested using data collected from 339 SMEs in Europe. Our results provide evidence on the importance of certain e-business competencies on e-business success, and have implications for both research and practice in the field of SMEs. # 2007 Elsevier B. V. All rights reserved. Keywords: E-business competency; SMEs; E-business success; E-business strategy; IT-business process integration 1. Introduction Small and medium sized enterprises (SMEs) are a major part of the industrial economies. Their survival and growth has therefore been a prominent issue, and considerable research has been initiated to determine e-business diffusion in SMEs. It has been assumed that success of e-business in the SME segment will increase a country’s competitiveness, and that successful adoption and use of e-business technology are crucial for survival [12]. However, several studies have indicated that SMEs are sometimes unable to adopt and use e-business technology successfully. A number of studies have emphasized lack of e-business competency (see, e. g. [28,34]) as the major cause of this. Such competency is viewed as important not only for understanding the implications of e-business but also for developing the capabilities needed to perform well [23]. However, we have found no published systematic empirical work that identifies critical competencies for the successful adoption and use of e-business in SMEs. A number of researchers have emphasized the role of competencies for achieving and sustaining competitive advantage (see, e. g. [46]. The majority of these contributions have taken a resource-based perspective of the firm. Understanding and leveraging resources and ompetencies in the organization are essential for effective strategic management [17]. E-business usually implies a rethinking of business models, the network, and system infrastructure. Therefore, only businesses with access to significant e-business competency can expect to succeed with their efforts [10]. www. elsevier. com/locate/im Information Management 44 (2007) 364–383 * Corresponding au thor. Tel. : +47 38 14 17 06; fax: +47 38 14 10 29. E-mail address: Dag. H. [emailprotected] no (D. H. Olsen). 0378-7206/$ – see front matter # 2007 Elsevier B. V. All rights reserved. doi:10. 1016/j. im. 2007. 02. 004

Pathophysiology Research Paper Example | Topics and Well Written Essays - 2500 words

Pathophysiology - Research Paper Example Hypersensitivity results into a systemic inflammatory response leading to a spectrum of problems ranging from just runny nose to anaphylactic shock to death. This life-threatening aberration of normal immune process, that is, anaphylactic response of a sensitized human appears within minutes after administration or exposure to the specific antigen and is manifested by respiratory distress, often followed by vascular collapse or shock without antecedent respiratory difficulty. Cutaneous manifestations exemplified by pruritus or urticaria with or without angioedema are characteristic. Along with that, there may be gastrointestinal manifestations like nausea, crampy abdominal pain, vomiting, or diarrhoea. The materials that are able to incite an event like this may be many, among them the drugs like penicillin, insulin, antisera, local anesthetics, and other environmental agents are listed (Ewan, P.W., 1996). We will look into the pathophysiology in detail, but for better understanding of the subject, we should learn in nutshell what happens. The normal immune response or normal humoral response against a foreign body is that plasma cells secrete IgE. The normal target for IgE is as shown in the figure on the surface of the mast cells and basophils, both involved in the inflammatory response. At the first secretion, this binds to the surface of the mast cells or basophils at specific receptor sites called Fc receptors, and such an IgE coated cell is said to be sensitized to the allergen concerned. A later exposure by the same allergen will reactivate the IgE. The mast cells or basophils have granules laden in it containing a very potent inflammatory agent, histamine. This activated IgE then processes signals for degranulation of mast cells and basophils by GPCRs or chemokine receptors (Austen, K.F., Metcalfe D.D., 1995). These granules then release histamine and other inflammatory substances like cytokines, interleukins, leukotrienes, and prostaglandins into the neighbouring and adjacent tissues causing several systemic effects, such as, dilatation of the vessels, mucous secretion, nerve stimulation, and smooth muscle contraction. We will examine all these issues in relation to the clinical findings of an anaphylactic process, but before that, let us see how things happen (Montanaro, A. and Bardana, E.J. Jr., 2002). Figure 2: Showing the Anaphylactic Process at Cellular level Adopted from British Medical Journal, Pamela W. Ewan, ABC of Allergies: Anaphylaxis, BMJ, 1998; 316, 1442-1445. Apart from this acute phase response of type 1 hypersensitivity reaction, pathologically, there is also a late phase response that happens after the acute phase

The Role of Material Life, Language, Social Interaction and Aesthetics Essay - 2

The Role of Material Life, Language, Social Interaction and Aesthetics in Chinese Marketing - Essay Example This paper illustrates that in Chinese culture, material culture is revered as it is also one of the ways through which they express themselves. Material culture can be looked at in terms of artifacts, dressing, technology, and food. Materially Chinese prefer to use their own locally produced products as opposed to importing them from other countries. Hence it is common to find huge posters and other artworks containing Chinese workmanship that is totally different from what is commonly found in western cultures. All kinds of products, including food products, can be advertised or made popular through artifacts and technology. Much Chinese own television and radio sets; therefore, it would be easy for them to get information about new products on the market. The material life of Chinese is normally showcased in several of their festivals. The most relevant of the festivities, in this case, is the Moon Festival in which mooncakes are served as a delicacy. Mooncakes, which are closely related to Goodman Fielder’s Crunchy Cookies, are among the most popular of Chinese delicacies. Such festivities can be used as platforms to introduce and market new delicacies, in this case, the Crunchy Cookies that Goodman Fielder is planning to introduce into the market. Oriental dishes are very common in many of Chinese restaurants; however, it is not uncommon to find a few foreign food products in several stores. This means that although Chinese highly value their local food products, they are also open to other products that appeal to them. There are different languages spoken in China, however, there are some that are more prominently used than others. For instance, Mandarin and Cantonese are widely spoken more than any other languages in the country. English is also slowly gaining popularity, especially in the urban places. Language in China plays a huge role in social interactions. Many of Chinese websites, especially social interaction sites are operated in either M andarin, Cantonese or English. Whatever languages the Chinese use for their communication, they normally emphasize on politeness and respect.

P.Sc.1001 term paper Example | Topics and Well Written Essays - 2500 words

P.Sc.1001 - Term Paper Example Ensuring the public good is no simple task, but nonetheless with good policy it is very possible to work toward a better future. The public good is essentially defined as the safety, liberty, health, and welfare of the United States. Safety is mentioned because it is in the best interest of Americans to be protected from all dangers. Ensuring the public good would therefore include protection from crime, from disease, from inadvertent accidents, from foreign attacks and invasion, from atmospheric and environmental threats, and any risk to health or life that can be minimized or controlled. Health is a similar issue, and in the case of government responsibility calls for sanitation and prevention of exposure to dangerous materials or illnesses. Thus, this calls for clean air, clean water, and even clean streets. In addition, it calls for regulations of food and other consumable items that may cause illness. Liberty and welfare are both part of a much less physical and concrete realm t han safety and health. These two aspects of the public good are largely philosophical, and largely tied to the founding ideals. Americans are familiar with the phrase â€Å"life, liberty and pursuit of happiness†, as well as the similar â€Å"life, liberty and property.† A combination of these two encompasses the overall idea of liberty and welfare. These two can be separated however when taking a paternal view for one and a maternal view for the other. Liberty is generally paternal, and thus is something that the state protects rather than provides. The American government should pursue the concept of an island of constitutionality, where the law applies to small areas here and there within a sea of liberty. A poor alternative to this is having islands of liberty that are afloat upon a sea of legality, where the government regulates almost everything unless specified. The former approach is in the interest of the public good. Welfare is a maternal concept, and involve s the government providing for its citizens. Basically, this encompasses the essential services that must be paid for with tax dollars, to include roads, postal service, and the other agencies that basically ensure health and safety. Welfare also includes, beyond health and safety, the opportunity to pursue happiness, and thus provides for equal protection under the law, prohibition of slander and libel, prohibition of fraud, regulation of work hours, and other laws that don’t protect health or physical safety but more the emotional and mental wellbeing of citizens while ensuring that all business is conducted fairly and with equal opportunity. Welfare is therefore the assurance of social fluidity and fairness, and elimination of discrimination and exploitation. If American society therefore provides for safety at home and abroad, keeps the environment and the population clean and healthy, ensures liberty is granted and protected, and also regulates society to guarantee a fai r and equal field of play, then the public good has been well served. These issues are those that are most important to Americans and that the government is entrusted with addressing. The first issue on which a recommendation is necessary is on health care. The current state of American health care is well summarized in a report by the American College of Physicians, where the group points out what is lacking and what it

Advantages Of Outsourcing ICT In An Organization Information Technology Essay

Advantages Of Outsourcing ICT In An Organization Information Technology Essay This is a report about Tescos company ICT outsourcing and knowledge management. In the following paragraphs two questions are going to be answered and analyzed according to the information existing in Tescos case and also strategic managements theory. Outsourcing ICT is quite commonly used by organizations as an approach to strategic management. Access the advantages and disadvantages that outsourcing can bring in developing effective uses of information systems in an organization such as Tesco. The huge amount of competion and the global economic crisis that organizations have to face nowadays have made Information Communications Technology outsourcing a really attractive management tool in order to cut expenses in non-core activities, specific in overheads of Information Technology departments. By deciding to outsource, there would be a lot of benefits but also a number of risks associated with it. It is important for a decision maker to be aware of the advantages and disadvantages of ICT outsourcing, before making the decision to outsource. Outsourcing ICT has to do with the whole information science, helping the business field. It is about networks, web design, programming, online shops etc. Network services is the most common ICT services activity that is being outsourced and that outsourcers who do not comply with contract has the most influence on ICT outsourcing inherent risks. The Technology of information and communication is growing fast and the vendor business has to be updated and synchronized with the era of 2010. So it would be far easier for them to sell their products and serving their customers in every possible way. For a company that has to deal with so many products from soap to bread it would be more difficult to take the risk and create their own Information and communication department from scratch and keep It upgraded while their whole business is running. The result of this difficulty is to outsource ICT specific in Tescos case to Trilogy Company. The advantages of outsourcing ICT in an organization such as Tesco. ICT is vital to Tesco. Every aspect of their operation is controlled or monitored by ICT stock, distribution, payroll, communication methods, and so on. ICT is essential to the running of a modern store. It is used for planning, monitoring, auditing and communicating between store operations. For example, when an item has its barcode read at the checkout, the system not only logs the price onto the till, but also logs the financial transaction between Tesco and the customer and the fact that the stock has been reduced by one item. On the distribution side, instructions from the mainframe computer are sent directly to forklift truck operators at depots by radio links. This shows the integration of departments by using ICT. All stores are connected to the mainframe at Head Office via the Tesco Network. Another advantage of Outsourcing ICT from a business perspective is that organizations are realizing that owning and operating their own IT infrastructure no longer makes sense. The cost of that is much bigger and the results are never guaranteed. This coupled with the common resource lack make outsourcing a viable alternative. It is important for organizations to adopt the right approach in order to reap the benefits of outsourcing. They should demand the following from any ICT company they are going to cooperate. Selectively outsource specific ICT functions in stages Grow into a mutually beneficial relationship Gradually leverage on the benefits of outsourcing Continuously review performance and make adjustments Have Technical support from experienced system engineers Gain confidence and in-house acceptance before outsourcing more functions With the right approach and the suitable outsourcing of ICT the organizations will manage to stay high at the competitive edge in the market. Serving the customers in the best way and surprise them with new ways of purchasing their products (for ex. via online-shops) will keep their loyalty and the margin will be for both sides. A big company like Tesco has many sub-stores, some in the same country and some abroad. The communication between them and the line the company sets everywhere should be established well. ICT helps with this area and it was the primary reason that chain branches use ICT. In summary outsourcing ICT for a company such as Tesco is important for increasing the ability to reach the goals of the company, reduce human risks, saving time, helping the company to stay competitive and minimize the operating costs. The Disadvantages of Outsourcing ICT in an organization such as Tesco. As it was already mentioned above, the outsourcing ICT has also disadvantages that raise the risk the company has to take. For example, At times, it is more cost-effective to conduct a particular business process, rather than outsourcing it, not that much in IT but maybe if the upgrade the company wants to make is small and the fee the ICT Company asks is big. When you begin to outsource your business processes, you might find it difficult to manage the offshore provider when compared to managing processes within your organization. In case, your outsource ICT service provider becomes bankrupt or goes out of business, your organization will have to immediately move your business processes in-house or find another outsourcing provider The employees in your organization might not like the idea of you outsourcing your processes and they might express lack of interest or lack of quality at work also outsourcing can create potential redundancies for your organization, a lot of employees may lose their jobs. Your outsourcing provider might not be only providing services for your organization and maybe the quality of the service isnt always guaranteed, especially in low-price agreements. Since your provider might be catering to the needs of several companies, there might be not be complete devotion to you and your company something that couldnt happen if you owned the ICT department. In outsourcing, you may lose your control over the process that is outsourced and dont be able to fix something in time because you are not in charge of this field. Outsourcing, though cost-effective, might have hidden costs, such as the legal costs incurred while signing a contract between companies and you might also have to spend a lot of time and effort in getting the contract signed. There can be several disadvantages in outsourcing, such as, renewing contracts, misunderstanding of the contract, lack of communication, poor quality and delayed services amongst others. The disadvantages of outsourcing give organizations an opportunity to think about what they are stepping into. However if you find a reliable outsourcing partner you probably wont experience any of these disadvantages of outsourcing.

Al Capone Biography :: Biography

â€Å"By Instinct Capone Was A Heartless Mindless Killer†   Ã‚  Ã‚  Ã‚  Ã‚  Considered the most notorious gangster in history, Alphonse Capone, otherwise known as Scarface Al, was born in New York, 1899, in a small apartment in the Williamsburg section of Brooklyn. Having many run-ins with the police growing up, he was always around the local street gang led my Johnny Torrio. After beating one of his sixth grade teachers, he quit school, and quickly learned the way of the streets, joining the Torrio gang, call the James Street Gang. James Street also included Lucky Luciano, one of Capone’s best friends, who would later also become a notorious gangster (Internet 1, 1).   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  As he grew older, Capone was hired by the gang leader, Torrio, to be a bouncer at a bar in Brooklyn, taking his first step up the â€Å"gang ladder†. One night, Capone’s cheek was slashed during a fight at the bar over a girl. It was from then on he was known as Scarface. Later in his life, when asked by reporters where he got this scare, he often lied of serving in the â€Å"Lost Battalion† in WWI, even though he never served in the military (Internet 1, 1).   Ã‚  Ã‚  Ã‚  Ã‚  Soon Enough, Capone was in trouble in again. He had killed a man in an argument and was on the run. After calling his old friend Torrio, he was invited to come to Chicago   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Barfoot 2 and make a fresh start. At the time, Torrio was working for his uncle, the current leader of the Chicago underground, Big Jim Colosimo. With the prohibition came possibilities for large alcohol based profits. Torrio knew that Big Jim could make extremely large amounts of money, but Colosimo could not be persuaded to try his hand. So, in 1920, Torrio had Capone plan and carry out the murder of Big Jim, making Torrio the new boss of Chicago, with Capone as his right hand man, and manager of bootlegging alcohol (Internet 3, 1).   Ã‚  Ã‚  Ã‚  Ã‚  As they started their completer takeover of Chicago, few mobs would put up any resistance. One that did was the Irish North Side gang. Capone soon called in Frankie Yale, one of his old gang mates from Brooklyn, and the same man that had done the Colosimo assassination, to murder Dion O’Banion, the head of the North side gang. His death did little to persuade the gang to back down, and they continued to fight on and off for a few years.

The American Health Information Management Association

The American Health Information Management Association (AHIMA) is an association of Health Information Management professionals whose mission is to be â€Å"the professional community that improves healthcare by advancing best practices and standards for health information management and the trusted sourced for education, research and professional credentialing† (http://www.ahima.org/about/mission.asp).The association provides its members educational training and certifications to better equip them for their roles as Health Information Management (HIM) professionals who occupy a number of roles from implementing electronic health records, clinical coding systems, and improving the quality of information (http://www.ahima.org/about/history.asp, http://www.ahima.org/membership/MemberEmployerFlyer.pdf).HIM professionals would find membership in this association an investment because it provides their members opportunities for continuing education keeping them at par with the late st developments of the health information management industry.The association also trains their members to endow upon them the skills crucial in the members’ development such as leadership and professional synergy (http://www.ahima.org/membership/ MemberEmployerFlyer.pdf).The information on this website, especially the opportunities for continuing education would greatly help me in my career as a health information manager.The knowledge I would be able to gain from the training and resource materials accessible only to members would make me a formidable candidate when I apply in a corporation.   Also, the certifications that I complete through them would open other career opportunities for me which would not have otherwise been available.

How BAA can be affected by Competition Commission Decision to Sell Two Airports

How BAA can be affected by Competition Commission Decision to Sell Two Airports Identification of Purpose This report seeks to assess the impact of regulation on BBA as a company following the competition commissions directive that provides that the firm should sell two of its airports.Advertising We will write a custom essay sample on How BAA can be affected by Competition Commission Decision to Sell Two Airports specifically for you for only $16.05 $11/page Learn More Through the analysis of economic literature, the paper explores the costs and benefits associated with regulation. In particular, the paper evaluates the likely disproportionate effects that regulation may have on BBA as a company. The burden of business regulation is a major concern for businesses. According to Grant Thorton/ ICAEW (2012, p.2), business professionals often rank regulatory intervention or requirements as the main factor posing serious challenges to organizational performance. In the latest survey in the United Kingdom, 41 percent of businesses in the Uni ted Kingdom highlighted regulation as a serious challenge to their operations compared to a year earlier. Regulatory issues were ranked first among all the challenges identified. This evidence highlights the need for further research in the area of regulation because it is an important economic issue that companies are worried about. Critical Discussion of Current Literature Regulation in general is very broad in meaning. Regulation can basically be defined as a specific set group of commands such as those enacted through the legislature. It may also refer to a deliberate attempt by the state to influence social and business behavior through incentive instruments (Baldwin, Cave Lodge 2012, p. 3). Regardless of the definition adopted, regulation is viewed as limiting behavior or freedom. According to Baldwin, Cave and Lodge (2012, p. 3), through its restrictive mechanism, regulation intends to prevent negative outcomes to the society as the regulated activity is considered valuable by the society.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In the modern context, regulation is better understood as a an umbrella where various stakeholders collaborate to achieve desirable outcomes such as best sharing practice, transparency, public participation and data provision (Solomon 2008, p. 819). Need for Regulation According to Dobos (2007 p. 330), regulatory interventions are situation dependent. They depend on the political and economic institutions in place that call for intervention measures. The effects of regulation most certainly interfere with business activities, and this interference has the potential to benefit some segments of the population and harm others including the whole industry, individual players, and the market. Because of this, it is important to assess why governments (Competition Commission) regulate and identify who they wish to profit fr om the regulation. As Baldwin, Cave and Lodge (2012, p.15) note, one of the major reasons for regulation are instances when the market fails. When the market fails, regulatory intervention is justified because under market failure, the market cannot produce optimal output that matches the interest of the public. From economic theory, markets aim at achieving Pareto efficiency; that is, markets should allocate resources in such a manner that it makes one player better off without making the other player worse off. Nevertheless, situations arise that distort market efficiency rendering efficiency in resource allocation unattainable. When the market forces of demand and supply fail, welfare results cannot be attained and undesirable outcomes can never be stopped.Advertising We will write a custom essay sample on How BAA can be affected by Competition Commission Decision to Sell Two Airports specifically for you for only $16.05 $11/page Learn More Monopolies ar e an example of market failure and it is a similar situation that the Competition Commission had to deal with in relation to BBA (BBC News 2011, p.1). Under monopoly, a single producer dominates the market for services or goods in a manner that the firm maintains its position as the single seller in the market with no substitute service or product and with significant entry barriers into the market (Baldwin, Cave Lodge 2012, p.16). A monopoly situation is detrimental not only to the consumers but also other firms seeking to enter the market. A monopolist aims at increasing its profits by cutting on its output to reduce its production costs while at the same time increasing the price it charges on its goods and services because the demand for its goods and services increase continuously given that supply is reduced (Baldwin, Cave Lodge 2012, p. 16). In the end, profits are redistributed from the consumers to the producer, which is a less optimal and socially undesirable outcome. Do bos (2007 p. 329) argues that competition law, a form of regulatory intervention permits the return of competition into the market and splits a part the monopoly leading to more efficiency in wealth distribution. From the BBA case, BBA ownership of the airports in the United Kingdom cannot be regarded as monopolistic in nature. However, it was the most dominant player to the extent that it could pursue some monopolistic tendencies.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More According to the BBC News (2011a, p. 2), BBA operated six airports in the United Kingdom including Heathrow UKs largest airport in terms of number of passengers, Gatwick, Southampton, Glasgow and Edinburgh. Such an ownership structure was considered by the Competition Commission to be anti-competitive. Critical Discussion of Current Literature Pertinent to BBA Case This section reviews some of the literature that attempts to explain the effects that regulation has on a companys performance. At the company level, the paper evaluates how regulatory intervention may affect businesses like BBA. In the analysis, the report takes into account the role that efficient markets play in ensuring optimal market outcomes. In addition, an evaluation is done on various literatures that have tried to ascertain the existing correlation between major macroeconomic variables and the incidence of regulatory burden. How the Competition Commission’s Directive Affected BBAs Entrepreneurship To asce rtain the effect of regulatory intervention on BBAS entrepreneurship requires the formulation of an entrepreneurship measure (Da Silva Martins Paula 2007, p. 22). A number of studies have paid significant attention on the volume of new entrants joining the market post-regulation and how this can be affected by the regulation of entry. The number of new entrants may not be a perfect proxy for entrepreneurship. Nevertheless, it enjoys the advantage of being relatively easy to measure. According to a study conducted by Solomon (2008, p. 829) using a data set from the World Bank, if the cost of regulation is increased, it limits the creation of new companies in many parts of the globe, more so in industries that enjoy high entry rates of new firms. In the same study, the authors found out that industries that are characterized by high entry regulations are often linked with large sized businesses, which is a clear indicator that regulatory interventions often limit the set up of small companies. This negatively affects not only the strength of competition within the markets but also the Pareto-efficient objective of attaining efficient market outcomes. Ardagna and Lusardi (2008, p. 14) carried out a similar research by Klapper, Laeven and Rajan (2006, p. 591) study. For them, they focused on the waiting time (delay) linked with regulatory intervention as opposed to costs. The researchers modeled how bureaucratic tendencies affect business development and employment across different industries. In their findings, the authors argue that in countries where more time is required to register a new firm, there is slow entry of new firms post regulatory intervention. If the UK airport market portrays the same characteristics, then it implies that BBA will still benefit from the operations of its other airports due to slow entry of firms into the industry (Ciccone Papaioannou 2007, p. 444). In another research, Nystrom (2007, p. 3) evaluated entrepreneurship determinant s in various countries. In his findings, the author argues that institutional setting is an important determinant of a countrys level of entrepreneurship. In addition, he argues that regulatory intervention of labor, business and credit is a major determinant of a countrys level of entrepreneurship post regulation. Empirical Literature on the Impacts of Regulatory Intervention Ardagna and Lusardi (2008, p. 23) in their study explained the global differences in entrepreneurship. The researchers had a data set comprising of 37 developed and developing countries with detailed data on individual characteristics. The researchers then combined the information collected from the individual characteristics with information on regulatory intervention. Their findings were in line with studies don earlier. The results indicated that regulation plays an important role in an individuals choice to open a new business. Regulation was found to be a significant entry barrier and as a result a deterr ent to entrepreneurship especially those looking for a business opportunity. Similarly, findings from industry specific level research carried out by European Commission (2008, p. 395) in the food retail sector indicate that stringent market entry requirements makes the markets more concentrated. This leads to a significant reduction in competitive pressures. This in turn gives rise to adverse consequences in the economy not only in terms of high unemployment rates in the specific sector, but also in form of higher prices being charged to the consumers. This report highlights important and concrete evidence of how the burden of regulatory intervention gives rise to reduced competitive pressures, inefficiency in resource allocation and underutilization of the available resources. The Effects of Regulation on a Country’s Economic Growth and Productivity Several studies have been undertaken in an attempt to evaluate the impact of regulation on the economy as a whole. Evident dif ferences exist not only in growth rates but also productivity performance in various developed economies. In a study by European Commission (2008,p. 394), the authors attempt to device an explanation based upon regions in which countries vary most, the existing institutions and how the regulation of both the labor and product markets influence entrepreneurship choices. The authors further analyzed how regulation can potentially affect a firms ability to join markets and compete with existing players. From economic theory, it is clear that through healthy competition, firms achieve efficiency and efficiency translates into increased productivity. The authors argue that total factor productivity growth is inversely correlated with statewide regulation measures undertaken. They conclude that increasing regulation only has the effect of slowing productivity growth. Similarly, in their findings, the authors note that administrative burden act as a consistent barrier entry of new players in the market. Resulting into a waste of valuable time, increasing costs, and significantly reducing the incentive to innovative and market competitive pressures. Risk Based Regulation as a better Alternative As an integral component of the deregulation agenda, regulation based on risk has taken a center stage among regulation theories from the early 1990s (Lee Stallworthy 2012, p. 9). The objective of risk based regulation is risk management using risk tools given that risk based regulation is both scientific and economic in nature. The idea is that in managing risks, the risks should be accorded first priority and not the rules to gather the correct data and then realign the firms operations based on risk governance. A regulation based on risks intends to create not only certainty but also better regulation premised on regulatory impact assessment. Through the assessment, a cost benefit analysis is done to the new legislation to ascertain if its impact is balanced and if it can a chieve then target for which it was set. Nevertheless, from the 2000 new Lisbon agenda member countries of the European Union have advocated for regulatory policies that favor growth and employment creation at the expense of the environmental impacts. Regulations should not be measured based on economic variables alone, instead they must equally incorporate measures of greater integration, more coherence, participative and strategic regulation. Regulation of risks is quite broad. The European Union has surpassed its initial target of making legislation simpler and cutting down on the incidence of administrative burden to business. The member countries have formulated smart legislation, which scrutinizes legislation implementation with the objective of identifying any overlaps, outdated areas and inconsistent aspects of any new regulatory legislation. Within the United Kingdom, the environment policy has paid greater attention to the relative risks inherent within activities to impro ve general efficiency and reduce on the administrative burden suffered by regulated businesses. Sustainable consumption theory contends that all other regulation theories focus on responses to industrial risks in one guise or another and that the focus should move away from the pollution to environmental consumption. Regulation and environmental regulation in particular, should focus more on the loss of natural capital, which is inherently unsustainable and the temporal effects of environmental harm, which affects current and future generations. The explosive combination of consumption, population growth and production are said to be causing current environmental global problems. Conclusion From the analysis and review of literature, the report shows that regulatory intervention can have adverse effects on economic efficiency. These negative effects are partly a result of the effects of regulation on entrepreneurship, however a large percentage of the effects arise from the impacts of regulation on competition. Some regulatory tendencies tend to act as bureaucratic red tape to free business operation not only in theory but also in practice. Because of this, the number of new companies joining the market post-regulation is significantly reduced thereby reducing even further the competitive pressures. Even though regulation is aimed at rectifying market failures and promoting the interests of the public, it is worth noting that at times a trade off occurs between the goals that regulation seeks to achieve and economic efficiency. Excessive regulation can significantly limit competition and prevent enterprise. For this reason, regulation policies must be scrutinized in detail and thoroughly considered. Theoretically, competition eases when economic efficiency is negatively affected. When competition is reduced, price cost margins become higher because existing companies in the market possess more market power. This leads to reduced efficiency in allocation. Such a situation can also lead to a reduction in production efficiency. Similarly, if competitive pressures are reduced, the long-run dynamic efficiency of firms in the industry will be affected as they will have limited incentive to remain innovative. From the review of various economic research studies that looked into the practical effects of regulatory intervention, it is clear that regulation affects entrepreneurship across countries. From the findings, there is increased burden associated with regulatory intervention. The burden is felt in terms of limited consumer choices, high prices, and reduced economic activities. Findings from international research equally indicate that negatively affects the distribution of a companys size in the market. Increased regulation gives an upper hand to the big firms in the market leading to reduced competitive pressures. From a macro-economic perspective, the effects of greater regulation have the potential to limit competition in the whole econ omy. This leads to reduced productivity, increases unemployment, and limits economic growth and development. This report equally evaluated the role of entrepreneurship in the economy. The dynamic nature of entrepreneurship is a major driver of innovation, competition, and improvement in efficiency levels across all sectors of the economy. In addition, the important role played by entrepreneurs is evidenced by the fact that they their greater participation has given rise to increased economic growth in developed economies. This is more evident in knowledge based economies like the United Kingdom. Evidence from the United Kingdom indicates that the UK performs better relative to other developed countries in terms of regulation and ease of doing business. However, the country has begun experiencing significant challenges. Given the competitive nature of the global business environment, the United Kingdom is losing ground according to several latest rankings. Worse still, the United Kin gdom National Audit Office has often has often expressed dissatisfaction on the degree to which the countys regulatory impact assessment effectively addresses the economic effects of regulatory intervention. There is need for a thorough consideration on the effects of specific regulatory policies on public interests. The findings from this report clearly highlight that both theory and practice indicate the potential adverse effects that regulation continues to develop in the economy. Governments should ensure that they create attractive business environment in which companies of all sizes can thrive. To do this, governments must work towards addressing the incidence of regulatory burden especially on small and medium enterprises. An organization could be valued based on the price of its assets on the market at the given period. It is vital for investors and other stakeholders in an organization to know the value of the firm as it helps in establishing their willingness to invest in the firm and establishing ling term ties with the organization. In a fair market, the price of the assets of an organization are usually not predetermined, but determined through the bargain between the buyers that are able to purchase them and the sellers that are able and willing to sell them. For fairness to exist, there should be not party at an advanatage as both parties are expected to be knowledgeable about the market with information symmetry being fulfilled. Similarly, the management of a given firm should be aware of the value of the organization in the market in order to avoid any overpricing the company’s assets or under-pricing them as this could result in negative outcomes (Craig 2000, p. 357). In some cases where an organization does not know the value of the assets of the firm, a professional appraiser is employed. The person has the duty of establishing advising the management of the firm on the current value of the firm and its assets in the market. In order to determine the company’s value in the market, he or she could compare the firm to other similar organizations in the market to establish the reasonable price that the assets of the company could go for in the market. Despite the establishment of the value of the assets of the firm in the market, the price of the assets could be affected by various factors thereby enabling their change. Some of the factors include improved brand of the company and a positive reputation of the firm resulting from improved quality, corporate responsibility or customer care. The benefits of a good reputation of an organization is that it increases the goodwill of the firm while the quality of the company’s brand could be improved through innovativeness and increased skilled employees in the firm. The overall effect is the increase in demand of the product or services of the firm hence the financial performance of the company. The improvement of the performance of the organization could be easily captured and reflected in the balance sheet of the company among other financial reports. Therefore, the stakeholders of BBA can find vital information on the balance sheet of the company concerning the company’s net worth and debt among other information relevant to their interests such as the level of inventory. List of References Ardagna, S Lusardi, A 2008, Explaining international differences in entrepreneurship: the role of individual characteristics and regulatory constraints, National Bureau of Economic Research, Cambridge. Baldwin, R, Cave, M Lodge, M 2012, Understanding regulation, Oxford University Press, New York. BBC News 2011, BAA to sell Edinburgh Airport over competition rules, https://www.bbc.com/news/uk-scotland-edinburgh-east-fife-15367555 BBC News 2011a, BAA told by Competition Commission to sell two airports, https://www.bbc.com/news/business-12903669 Ciccone, A Papaioannou, E 2007, Red tape and delayed entry, Journal of the European Economic Association, vol. 5, no. 3, pp. 444-458. Da Silva Martins, L Paula, S 2007, Indicators for measuring entrepreneurship: A proposal for a scoreboard, Industry and Higher Education, vol. 21, no.1, pp.85-97. Dobos, I 2007, Tradable permits and production-inventory strategies of the firm. European Commission 2008, Think small first-a small business act for Europe, Brussels Com, vol.4, pp. 394. ICAEW/Grant Thorton 2012, Q2 2012 business confidence monitor results, ICAEW / Grant Thornton Business Confidence Monitor, vol.4, pp.2-4. Lee, R Stallworthy, M 2012, From the criminal to the consensual: The shifting mechanisms of environmental regulation in Coggon, Cambridge University Press, London. Solomon, M 2008, Law and governance in the 21st century regulatory state, Texas Law Review, vol. 86, pp.819-834.

Convict Life and Punishments in Australia

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