Relationshipe between cartel crime and corporate governance Literature review

Relationshipe between cartel crime and corporate governance - Literature review Example In a number of jurisdictions, market sharing and price fixing for all purposes and intent are all constitutional violations. However, some people have argued that price fixing curbs destructive or unhealthy competition especially in oligopolistic industries. Assertion from other quarters is of the opinion that Collusion and cartels are no real threat to the market since they are majorly unstable and temporary in nature. This emanates from the fact that cartels are usually united by common interests at the beginning but in later stages, each diverts to pursue and protect its own interest which makes the whole system crumble. In most cases after agreeing to apply a uniform market price, one of the firms within the cartel usually cheats the other by lowering the prices of its products in order to maximize its customer base which in turn translates to profits (Rizza 44, 2012). It is therefore argued that collusion between members of a cartel never long lasts because their exists a general mistrust among them and no clear channel to discipline any member of the cartel who by any means is proved to be violating terms of agrrement.In circumstances of implicit collusion, the problem is magnified because of lack of effective communication channels among the cartel members. Economically, price fixing being just a mere cartel or a heinous crime is judged by whether it adds value to the economic viability or not. If the economy is boosted through cartel collusion then some people have argued that it is economically viable. The theory just discussed has majorly been applied in two ways. Firstly, to take note of those industries that may be susceptible or otherwise and their effectiveness to cartelization. Secondly, how remedies can be effectively devised that destabilizes and detect cartels which would ultimately scuttle their incidence. Initially fronted by George Stigler and later modified by other

Week 2 Essay Example | Topics and Well Written Essays - 500 words - 1

Week 2 - Essay Example This performance management plan in healthcare is efficient in gauging the organization for success. This paper will explain the maintenance and development of a culture for outcomes oriented care within a healthcare organization. An organization-wide performance management plan focuses on the performance of an organization, a department or even the employees in the organization. This also applies in healthcare organizations in order to improve healthcare quality. In the past, the clinical decision support system was derived from an expert research. According to various sources, these systems have a significant impact on patients. The system developers were striving to create a program which was able to act just like a human clinician (U.S Department of Health & Human Services, 2009). Nowadays, these systems relate to a wide range of options. Furthermore, there are several types of the support systems in healthcare. Research asserts that these systems are effective in improving the quality of health services provided in a healthcare organization. For example, these systems have significantly lowered the rate of medication errors. This has immensely lowered the adverse drug effects on numerous patients. These systems also provide supportive diagnostic suggestions for some infections. Furthermore, the system is also able to predict some of the potentially hazardous drug interactions. The clinical decision support systems also have an impact on the structure of the organization. Research asserts that these systems have substantially lowered health care cost which is caused by the side effects presented by drugs (U.S Department of Health & Human Services, 2009). On the other hand, cultural competence in health care can be achieved by the hospital staff when they examine their own beliefs and values (Galloway, 2005). The nurses are usually advised to implement and evaluate culturally sensitive care in order to challenge prejudice and

The Significance Of The Cultural Homogenization Process Tourism Essay

The Significance Of The Cultural Homogenization Process Tourism Essay Culture is defined in many ways and different authors have different views about culture for example Hofstede (1994) defines culture as the collective programming of the mind, which distinguishes the members of one group or category of people from another. (Cited in Needle, 2004) where as Belhassen and Caton (2006) have difined culture as the sum total of learned beliefs, values and customs that serve to direct the consumer behavior of members of a particular society. According to Richard(1994) culture is the blend of values, morals, behavioral norms, cuisine, and language. Therefore in this essay we will analyze the process of Cultural homogenisation to global tourism and hospitality industry. Needle (2004) indentified globalization as a practice to describe the growing dispersion of cultures to become homogenous which results in advance technology and announcement. Products and services are becoming more identical because of the growing list of product all over the globe and also in spite of common cultural differences Levitt (1984). According to (Scheytt) 2007 the past of globalization can be seen as early as 14th century but most dramatic changes were observed in 1960s. Latter WTO (1999) bought about shift in occupation from agricultural to manufacturing because of the industrial revolution. As a result the common restructuring of Western Europe and America that was well known by accumulating industrial production of goods and services which is known as Fordism. Baum (2006) distinguishes fordism by mega consumption and production of goods, cutting down of hours and with high wages. According to Sharpley (2003) the basis for modernity was established by the 19th century at the time of industrialization and urbanization of the society. Therefore the tour operators pounced and started providing package tours which involved major hotels like Hiltons and Sheraton in us who thereafter took their business to Mexico, Florida and Caribbean which was observed by Holloway (2006). However it was noted by Mlkula (2004) that in early 1970s that the system of mass production and consumption started encountering problems faced because of the fordism management because of the excess production. Likewise the upcoming countries like Taiwan, Korea and Japan faced high price competition from the western economies. This together resulted in high oil prices by the oil exporting countries which resulted the world economy to stabilize as the US power weakens which led to static and highly inflated economies as per Baker (2004). As a result Pizam (2005) realized that the oil prices in 1970 were a threat to deep shipping industry which leads to major crisis. However Pizam (2005) noted that in 1980s and 1990s by getting the labour from the third world countries allowed deep sea shipping to be more established which added to progressive stabilization of oil prices and also cutting down of labour cost. Ritzer (1993) defines Mc Donaldization as the process by which the principles of the fast-food restaurant  are coming to dominate more sectors of our society. Walton (2009) says that cultural homogenization is called as Mc Donaldization he also added by saying that they consist of four foundation they are efficiency, calculability, predictability and control. The main objective of any company is to go multinational to maximize profit through low labour as well as marketing advantages says Tribe (1995). Further Youell (1998) says that globalization is mostly seen in tourism and hotel industry, where on the other side multinational companies operates global level. For example Star alliance and World alliance. Lucas (2004) added by saying that the term globalization has been repeatedly used to portray that modern technology and communication channels has made world smaller and this consequently is a concept of a global village. According to Sharpley (2003) globalization process is observed internationally in the society that indicates that world is becoming a global village. As globalization has a major part and spread all over the world through media, business etc. Mandell and Kohler (1990) points that information technology has a major role in compressing time and place, as a result the enterprises are able to do their business on a global scale through internet. He also stated that developed and developing worlds has allowed for interdependencies among nations due to the facilitation on cultural exchanges. Page and Connell (2006) futher added by saying that tourism helps to support and preserve culture by generating financial support and by instigating community pride. He also adds by s aying that the emerging of western culture creates a major problem to developing nation to to adapt different views, attitudes and behavior etc. for eg tourist places like Kathmandu and Nepal have seen noticeable westernization oh home culture. Bocock (1993:78) also points that the present world brands that are made, packed and sold in a particular fashion of that particular cultural values of that country. The organization which uses global marketing techniques always keep in mind the culture of that region where the particular organization is held and accordingly products are being manufactured and sold in that particular region. A good example which clearly indicates that value of a particular region is shown up by Mc Donalds. The name Donald Mc Donalds is very much famous in Japan than Ronald Mc Donald just because the R sound is not used in Japanese language. The menu which served in Mc donalds is totally different which are served in Mc is US or UK .The meal which served in Mc is corn soup and green tea flavored milkshakes. Therefore this example says that globalization has caused uniformity but does not always undermine national cultures. Shaw and Williams (2004) also says that marketing plays a vital role to send such information to the local audience. He also adds by saying that the improved technology and vast media images has made so easy for the audience to know about the products and their services. Shaw and Williams (2004) says especially in tourism industry internet plays such a vital role that it provides all the information to the people and also helps in promoting particular destinations. According to Schiffman and Kanuk (1991) the supplier use means of communication to convey the message to the consumers and also make the consumers reacts in a desired way. According to Holloway (2006) there was big decline in late 1980s where the global market which more behaved in a individualistic way. As per the increase demand for consumers and because of the improved technology the demand of the consumers increased dramatically. People were not just happy with sun bathing they were looking for more adventure in their holidays. Page and Connell (2006) came out with an new idea of heterogeneity which allowed the homogenous products to be delivered in that way. Looking at this trend of heterogeneity Thomson (1992) named the above trent as post modernity that came in late 1980s and 1990s. he also add by saying that as the name suggest post modernity, the people will look for more different varieties and also for more individualistic products. Holloway (2006) further added by saying that because of improved technology and also a vast source of information through internet consumers have become more knowledgeable and therefore they know the place to tra vel. Walker and Miller (2008) noted that the global market has a tremendous increase in the niche tourism products like ecotourism, heritage tourism etc. Sharpley (2003) examined that the difference between the reality and portrayal of reality has declined in post modernity for example Cindrella castle in Florida and Lego Land near Windsor. The new ideas what tourism and hospitality industry has bought is the packages for ageing tourism, green tourism, gay tourism which allows people from all category to explore the tourist places all over the world. Todays niche market for ageing population is increasing considerably. The trend of changing demographics has lead to observe the international arrivals from this senior group will account for over 1:6 of global trips says (Smith and Jenner) 1997. The tourism market serves accordingly to the consumers needs and wants as the market is segmented on disposable income and travel habits of this mature market. For example specials deal for older people. Toursh and Hargie (2004) that UK firm SAGA has tapped this market totally globally. Similar Swarbrooke and Horner (2004) says that even package holidays and fly drive holidays are in so much of demand to meet the consumers needs and wants. He also adds by saying that this package holidays allows the consumers to be more flexible. Fly drive packages are those holiday packages which allows the consumers to pay as u go and select their own accommodation provided by the operators. And this market has not only impacted in that particular region o r country but it has been used in the global market in todays world. Swarbrooke and Horner (1996) have also put light on the green consumers which deals with the environment issues very seriously. For example TUI its a leading German tour operator company which provides environment checklist to all the hotels in which they provide services. And another example is of British airways where they try and create an environment awareness of various issues related to ecotourism. Swarbrooke and Horner (2004) has examined that more and more consumers are more into the packages than the early counterpart. As this package provides everything for the customers from meal to accommodation and also for all types of customers from two to three starts hotels to leisure travelers. As noticed by Holloway(2006) gay and lesbians markets are one of the upcoming markets in hospitality and tourism industry. They are also named as Pink Market. Therefore the importance is given to this category of consumers as well where they take one domestic and two foreign trips per years. Holloways also adds by saying that outlet 4 travel UK is the first call centre who caters to such markets. Thus in conclusion to this essay we can say that due to such advance technology and communication in hospitality and tourism industry globalization do facilitate the homogenization of consumers needs and wants. As the example shown in the essay about the fast food viewed differently by American and the Korean we can say that the homogenization of culture was also evident, but there were exceptions where consumers from different cultures perceived things differently. And on the other side due to such advanced technology and mass promotion it is very easy for the consumer to get information and get more educated and sophisticated and gain different experiences which led to cultural heterogeneity as opposed to the concept of globalization and cultural convergence.

Puritan :: essays research papers

US History Essay During the seventeenth century, the Puritans landed in New England to form the Massachusetts Bay colony. John Winthrop, the first Governor of the colony, saw the place as a political and religious refuge. He described it as â€Å"a city upon a hill.† In England, the Puritans were not free to practice their faith and were persecuted by the Anglican Church. The Puritans wanted to create an ideal society where they could practice religion at will. These people risked everything just so they could freely practice their faith. Their sole purpose in settling in America was to sustain and practice their religion.   Ã‚  Ã‚  Ã‚  Ã‚   The Massachusetts Bay colony was very different from their counterpart, Jamestown. Jamestown colonists consisted of mainly single men who came to the New World to merely make money. These money-hungry profiteers were interested in milking the land for cash crops and other sources of revenue. The Puritans, on the other hand, formed communities where they could closely practice their faith together. They had a big focus on families and community worship. The Puritans also created a government, which was based on the idea of the rule of the majority. The Jamestown colony was not interested in making communities. The Puritans’ priorities were centered on their religion and the teaching of it. This is clearly shown in their focus of education. The purpose of education to them was to teach the children religious and moral values. This would prove to be a very good way to. Every community of 50 families had a teacher and every community of 100 families had a school. The Puritans emphasis on religious education supports the fact that they had moralistic plans for the New World. The Jamestown colonists, however, were not as concerned with education. Although the Puritans came to the New World for religious freedom, they did not accept people whose religious beliefs differed from those of the Puritans in the community. Anne Hutchinson, a religious reformer, held meetings at her house to read the Bible to puritan men and women.

Keep Fit

How to keep fit and get healthy lifestyle ? 1. Doing aerobic exercise regularly helps to keep fit and help to get healthy lifestyle. 2. Think daily or meditate this an important way and good way to get healthy lifestyle. 3. Physical activity is essential to healthy living. 4. The body was meant to move, and when it doesn't, it can become unhappy and ill. Physical activity stimulates the body's natural maintenance and repair system that keep it going. Activity improve circulation to our heart and lungs.It gives us strength to stare off injuries . And it increases the mobility in our muscles and joints. Physical activity is good for the body and the mind. Exercises include brisk walking, cycling, dancing, swimming, and rowing. 5. Eating healthy food very important . What you put into your body directly effects how you feel physically, your mood, your mental clarity and even your skin. Eating healthy doesn't mean eating expensive food. 6. Reduce stress help to good life. So we should re duce stress to get healthy life.Stress happens when your life become out of balance physically, mentally and emotionally. This imbalance can be caused by internal stress like worrying too much, environmental stress like pressure from work , family or friends. Or by stress from being fatigued or overwork. Being stressed has the potential to affect your health in a variety of ways. Because from stress you become tired, sick, tense, irritable and unable to think clearly. If you want to live healthy lifestyle, you will need to manage the stress in life.

Rubens vs. Rembrandt

Low Countries of Flanders and Holland. Specifically characterized by the IR copious portrait paintings, the both of them had achieved mastery over their artistic talent. R been and Rembrandt are prime examples of Baroque art, easily exemplified by the heavy darks and lights they both incorporate into their works. Despite all these similarities, to many, Remember net can be surely considered as one of the greatest artist of the Baroque periods.In Rueben' The Lion Hunt, there are strengths and weaknesses. Rueben' paint is an exceptional example of art during the Baroque period. This piece shows a high contrast between lights and darks, as well as movement and strong action. However, this piece lacks balance and it feels as if the entire scene takes place in only the upper right hand of the painting. As well, the color palette of the piece has an absence in harmony. The unbalanced com poser of the painting creates a muddled image where the viewer cannot entirely decipher what ex city i s happening.In Rembrandt The Blinding of Samson, there are a great number of strengths. In this piece, all of the figures are evenly balanced with emphasis on the main point of action. The color palette does not distract from the painting because of the neutral tones used. The detail incorporated into painting is impeccable, from the folds in clothing to wrinkling of skin, every important detail is there. While Samson may be the main focal I point, every figure can be acknowledge because of the expert balance that Rembrandt port says.Some will say that Rueben is the greater artist because of bright colors and ability to create multiple focal points. However, the multiple focal point that Rueben uses in The e Lion Hunt makes the painting hard to observe the immense detail put into it. The bright c lour used only add to the disorderliness that is The Lion Hunt. In conclusion, Rembrandt is the greater artist because of his mastery of color,balance and emphasis. While Rueben does show s trengths in his lights and darks, he falls shoo art in balance and harmony. Due to his expertise over the principles and elements of Baroque art, R