Molecular Biology Paper

Lab Report #1 Introduction A cell’s plasma membrane is known to be selectively permeable. This implies that the membrane is selective on what substances can pass in and out of the cell. There are two methods of transport that occur through the plasma membrane. One method of transport is called active process which uses ATP energy to transport substances through the membrane. The other method is called passive process which does not require the use of ATP energy. During passive processes, molecules are transported through the membrane by differences in concentration or pressure between the inside and outside of the cell. Two important types of passive process are diffusion and filtration. Every cell in the human body uses diffusion as an important transport process through its selectively permeable membrane. During diffusion, molecules that are small enough to pass through a membrane’s pores or molecules that can dissolve in the lipid section of a membrane move from an area of higher concentration to an area of lower concentration. The kinetic energy that all molecules possess is the motivating force in diffusion. Facilitated diffusion occurs when molecules are too large to pass through a membrane or are lipid insoluble. In this process, carrier protein molecules located in the membrane combine with solutes and transport them down the concentration gradient. Filtration is another type of passive process and, unlike diffusion; this is not a selective process. The pressure gradient on each side of the membrane as well as the membrane pore size depends on the amount of solutes and fluids in the filtrate. During filtration, water and solute molecules pass through a membrane from an area of higher hydrostatic pressure to an area of lower hydrostatic pressure. This means that water and solutes would pass through a selectively permeable membrane along the pressure gradient. To gain a better understanding of a cell’s selectively permeable membrane and the passive processes of simple diffusion, facilitated diffusion, and filtration, three experiments were conducted. Materials and Methods Activity 1: Simulating Dialysis (Simple Diffusion) Materials: ? two glass beakers ? four dialysis membranes: 20 (MWCO), 50 (MWCO), 100 (MWCO), and 200 (MWCO) ? membrane holder ? membrane barrier ? four solutes: NaCl, Urea, Albumin, and Glucose solution dispenser ? deionized water ? timer ? beaker flush This experiment was conducted first by placing the 20 (MWCO) dialysis membrane into the membrane holder. The membrane holder joined the two glass beakers; one on the left side and one on the right side. Then, 9. 00 mM of NaCl concentration was dispensed into the left beaker. Deionized water was dispensed in the right beaker. When the timer was started, t he barrier that surrounded the membrane holder was lowered to allow the contents of each beaker to come in contact with the membrane. After the 60 minutes of compressed time elapsed, results were read and recorded. Finally, each beaker was then flushed for preparation of the next experiment run. These exact steps were followed using each dialysis membrane size (20, 50, 100, and 200) as well as with each solute (NaCl, Urea, Albumin, and Glucose). There were a total of sixteen runs in this experiment. Activity 2: Simulating Facilitated Diffusion Materials: ? two glass beakers ? membrane builder ? membrane holder ? glucose concentration ? solution dispenser ? deionized water ? timer beaker flush In this experiment, the first step was to adjust the glucose carrier to 500 in order to correctly build the membrane. Next, a membrane was built in the membrane builder by inserting 500 glucose carrier proteins into it. Then, the newly built membrane was placed into the membrane holder that joined the two glass beakers. The two glass beakers were joined on the left and right sides of the membrane holder. After that, 2. 00 mM o f glucose concentration was dispensed into the left beaker. The right beaker was filled with deionized water. The barrier around the membrane holder dropped when the timer was started. After 60 minutes of compressed time elapsed, the results were read and recorded. Finally, both glass beakers were flushed to prepare for the next experimental runs. The above mentioned steps were repeated by increasing the glucose concentration to 8. 00. Both the 2. 00 mM and the 8. 00 mM glucose concentration solution were tested using membranes built with 500, 700, and 900 glucose carrier proteins. There were a total of six experimental runs. Activity 4: Simulating Filtration Materials: ? two glass beakers membrane holder ? 4 dialysis membranes: 20 (MWCO), 50 (MWCO), 100 (MWCO), and 200 (MWCO) ? 4 solutions: Na+Cl? , Urea, glucose, and powdered charcoal ? solution dispenser ? pressure unit ? timer ? filtration rate indicator ? membrane residue analysis analyzer ? beaker flush In the final experiment, the two glass beakers were placed one on top of the other with the membrane holder between them. The pressure unit that rested on the top beaker was used for forcing the solution from the top beaker through the selected membrane and into the bottom beaker. The bottom beaker contained nothing; however, the filtration rate indicator was attached to it from one side. The experiment began by placing the 20 (MWCO) dialysis membrane into the membrane holder. Then, 5. 00 mg/ml of each of the following solutions: Na+Cl? , Urea, glucose, and powdered charcoal were dispensed into the top beaker. The pressure unit was adjusted to 50 mmHg of pressure. The timer was set to 60 minutes of compressed time and when the timer started, the membrane holder retracted. The solution then flowed through the membrane and into the beaker underneath. When the timer stopped, the membrane was then placed in the membrane residue analysis analyzer. The results were read and recorded and the beakers were flushed for the next experimental runs. All the above steps were repeated using the 50 (MWCO), 100 (MWCO), and 200 (MWCO) membranes. Results Table 1: Activity 1: Simulating Dialysis (Simple Diffusion) Key: Solutes that were able to diffuse into the right beaker are indicated by a â€Å"+†. Solutes that were not able to diffuse into the right beaker are indicated by a â€Å"-â€Å". Membrane (MWCO) Solute (9. 0 mM) |(Pore Size) |NaCl |Urea |Albumin |Glucose | |20 |– |– |– |– | |50 |+ |– |– |– | |100 |+ |– |– |– | |200 |+ |– |– |+ | Graph 1: Activity 2: Simulating Facilitated Diffusion Glucose Transport Rate (mM/min) [pic] Table 2 and 3: Activity 4: Simulating Filtration Table #2: Solute Residue Presence in the Membrane Key: If solute residue wa s present on the membrane, it is indicated by a â€Å"+†. If solute residue was not present on the membrane, it is indicated by a â€Å"–â€Å". Membrane (MWCO) |Solute |20 |50 |100 |200 | |NaCl |+ |+ |+ |+ | |Urea |+ |+ |+ |+ | |Glucose |+ |+ |+ |+ | |Powdered Charcoal |+ |+ |+ |+ | Table 3: Filtration Rate and Amount of Solute Detected in Filtrate Membrane (MWCO) |Solute |20 |50 |100 |200 | |Filtration Rate (ml/min) | | | | | | |1 |2. |5 |10 | |NaCl in filtrate (mg/ml) | | | | | | |0 |4. 81 |4. 81 |4. 81 | |Urea in filtrate (mg/ml) | | | | | | |0 |0 |4. 74 |4. 74 | |Glucose in filtrate | | | | | |(mg/ml) |0 |0 |0 |4. 9 | |Powdered Charcoal (mg/ml) | | | | | | |0 |0 |0 |0 | Discussion The first lab experiment, Simulating Dialysis (Simple Diffusion), demonstrated how only certain molecules pass through a selectively permeable membrane down its concentration gradient. The four membranes utilized in this experiment consisted of each one being different in pore size (MWCO). The smallest pore-sized membrane was 20 (MWCO), and the largest was 200 (MWCO). The solutes that were tested in this experiment were NaCl, Urea, Albumin, and Glucose. The first solute tested, NaCl, showed that with a 20 (MWCO) membrane, no diffusion occurred into the right beaker. (Table 1) The NaCl molecules were evidently too large to pass through the 20 (MWCO) membrane because its pores were too small. Membranes 50, 100, and 200 (MWCO) did allow the NaCl to pass through. (Table 1) One of the reasons this occurred is because the pores in the above mentioned membranes were large enough to permit the passage of the NaCl molecules. The other reason diffusion occurred is because the NaCl molecules moved down its concentration gradient and into the beaker filled with deionized water. For all three membranes, equilibrium was reached in ten minutes at an average diffusion rate of 0. 0150 mM/min. As for the solute Urea, the experiment conducted showed that no diffusion occurred with all four membranes. (Table 1) Urea should have passed through membranes 100 (MWCO) and 200 (MWCO) for the reasons that its molecules are small enough and Urea is also soluble. This experiment showed that none of the Albumin molecules diffused through any of the four membranes tested. (Table 1) This is because the Albumin molecules were too large to pass through the pores of all four membranes. The final solute tested in this experiment, Glucose, showed that the molecules only diffused through the 200 (MWCO) membrane. (Table 1) Equilibrium was reached in thirty-seven minutes at an average diffusion rate of 0. 0040 mM/min. The Glucose molecules were too large to diffuse through the 20 (MWCO), 50 (MWCO), and 100 (MWCO) membranes. The second experiment, Simulating Facilitated Diffusion, explained how carrier protein molecules in the membrane effectively transported molecules that are too large or are insoluble to diffuse through the membrane. The carrier proteins in this experiment were glucose carriers and the solution was a 2. 00 (mM) and an 8. 00 (mM) glucose concentration. The 2. 00 (mM) glucose concentration was tested first with the 500 glucose carrier protein membrane then the 700 and 900 glucose carrier protein membranes. The glucose transport rate for the membrane with 500 glucose carrier proteins was 0. 0008 (mM/min). Graph 1) The membrane with 700 glucose carrier proteins showed a rate of 0. 0010 (mM/min) and the 900 glucose carrier proteins membrane had a rate of 0. 0012 (mM/min). (Graph 1) The 8. 00 (mM) glucose concentration also showed and increase in glucose transport rate with membranes that contained more glucose carrier proteins. The membrane with 500 glucose carrier proteins showed a rate of 0. 0023 (mM/min). (Graph 1) Membranes that had 700 and 900 glucose carrier proteins showed a rate of 0. 0031 and 0. 0038 (mM/min). (Graph 1) These results show that with an increase in amount of glucose carrier proteins in the membranes, transport of the glucose molecules in the concentration is more effective. A higher concentration of glucose (8. 00 mM) also increases the rate of glucose transport in a membrane with the same amount of glucose carrier proteins as a lower glucose concentration (2. 00). The final experiment, Simulating Filtration, four different solutes were forced through four membranes that contained separate pore sizes by the use of hydrostatic pressure. After each experimental run was conducted, the membrane analyses showed that residue from all four solutes were detected on each membrane. (Table 2) This indicates that some solutes did not filter through the membrane. The filtration rate (ml/min) increased as membranes with larger pores were utilized. This happened because the solute molecules were able to transport through a particular membrane at a faster rate being that the membranes’ pores were larger. The filtrate in the bottom beaker was analyzed and no solutes were detected with the 20 (MWCO) membrane. (Table 3) With the 50 (MWCO) membrane, only NaCl was detected in the filtrate at 4. 81 (mg/ml). (Table 3) The 100 (MWCO) membrane showed to have NaCl at 4. 81 (mg/ml) and Urea at 4. 74 (mg/ml) present in the filtrate. (Table 3) Glucose and powdered charcoal were not present. The last membrane with pore size 200 (MWCO), had the solutes NaCl at 4. 81 (mg/ml), Urea at 4. 74 (mg/ml), and Glucose at 4. 39 (mg/ml) detected in the filtrate. (Table 3) Powdered charcoal was not detected in this filtrate. Table 3) The molecules in powdered charcoal were too large to pass through any of the membranes tested. The 20 (MWCO) membrane pores were too small to allow any solute molecules to pass through. The membranes that contained lar ger pores allowed the solutes with larger pores pass through. The amounts (mg/ml) of the same solute detected in the filtrate were the same for each membrane. (Table 3) This is because the pressure that was released into the top beaker remained at 50 (mmHg) for all experiment runs. References Marieb, Elaine N. , Mitchell, Susan J. (2008). Exercise 5B. Human Anatomy & Physiology Laboratory Manual Ninth Edition (pp. PEx-5 – PEx-13). San Francisco, California: Pearson Benjamin Cummings.

Managerial Accounting In Business Essay

Managerial Accounting is known as the tongue of business. Formalization of data and numbers in such a manner so as to help to arrive at decision making and financial planning is the main object of accounting process. While book keeping is mainly concerned with organizing and keeping records, i.e. books of accounts but managerial accounting are employed to examine the data of information for taking major business decisions. Managerial reports are prepared from Managerial accounting statements. Managerial accounting assists managers to plan and manage an organization’s operations. Budgets are prepared to convey management’s goals in financial terms by measuring, identifying, analyzing, accumulating, communicating and interpreting accounting and financial information. Over a period, performance reports are prepared to evaluate the actual results with that of budgeted one. With the help of cost accountants, the management keeps watch of how much it costs a company to manufacture a product or to provide the service. (Horngreen, Stratton & Sundem, p.5) Managerial accounting does not require complying with rules and procedures of the GAPP. An organisation can develop its own internal accounting system that will suit most to the needs of the company. Managerial report is a devise for using a financial metric (dollars) as a normalizing mechanism for taking decision about different choices and alternatives. For instance, a managerial report helps you to come to a conclusion whether it is better to add 1000 customer account advocates in a call centre in UK, against staffing a user experience and technical writing department in California and investing in billions in intuitive products, Managerial reporting helps to take decisions and to do right thing. The practice of financial analysis   germinate from the budgeting and accounting reports of an organisation and thus directs to generation of managerial reports that explain into the firm’s overall strategic decision making process. Hence the quality of the report at all level is more significant. The financial statement should reflect the true fiscal position of the organisation and it should not be an obscure. Financial and managerial reports should disclose a factual picture of the organization’s performance, making it to the outsiders and financial analyst to interpret financial results on their own. MAKING MANAGEMENT DECISIONS THROUGH APPLICATION OF FINANCIAL DECISIONS: In this chapter, let us view how financial analysis and reporting are processed and is being used as efficient financial tools. For all decisions made in an organisation must be based on prudent financial information and careful analysis. Can we open a new branch? How many hours per week can we afford to operate our factory? How productive is our employees? How much money is being lost on workers idle time? How cost effective was the training intercession? Can we prolong our services at current costs?   To answer to all the above questions, a manager needs financial and managerial input mainly accounting data’s. (Wertheim Paul, 1993) A prudent financial analysis may help to diagnose the deficiencies in other management areas like project or program management, human resource management, the availability and use of technology or the organization’s leadership. As a curative measure, a manager may have to review his organization’s management strategies, resources, structures, internal and external information needs and capabilities. This broad view may help to enlighten manager’s perspective on how financial management contributes to one’s organisation. Thus this will induce the manager to suitably design or change the chart of accounts, reports, improve financial reforms and databases and train staff to efficiently employ financial information on continuous basis. 2.1. Deciding on Labour and Staffing patterns: Employee cost will disclose the hours worked, cost of staff time and this will help the manager to analyse the labor, compensation issues and staffing matters. One can evaluate from good financial data to study how overtime pay and leave pay accrual are influencing labor costs or employee cost of the organisation. This financial analysis can reveal which actions are most labour oriented which may guide you to restructure management processes and control the level of effort of employees of an organisation. (Hake, E. R., 2005). 2.2 Fixing fees for services and other fees: Cost to provide a particular service can be derived from financial data’s of an organisation as this will help the management to take critical decisions like estimating prices for any products or services , developing budgets , bidding for new projects or business or planning in reduction of costs. If the cost per service of an organisation is arrived at, then it will be easy to take into other factors such so as to come to a decision how to offset these costs. 2.3 Determing the combination of services: Cost per unit of production, cost per unit sold of different services and their cost effectiveness can be derived from financial data of an organisation and this can be utilized to decide to which services to provide, emphasize, promote or subdize. Further information’s like clientele, catchments’ population, service utilization and service volume are also needed for this purpose. By monitoring the services which are rarely used or often lose money, a manager can conclude how best to apply appropriate changes. 2.4 Estimating future supply costs and inventory: From the financial data of an organisation we can infer the price fluctuations, consumption patterns, the costs of keeping supplies in stock which includes transportation, logistics, personnel and facilities management. A manager can use this information for taking decisions such as which supplier to select, which supplier has to be renegotiated, to purchase inventory on a seasonal basis so as to reap the benefit of price advantage through out the year. A manager has also to decide whether the costs of spoiled and expired stock need to be controlled or contained. 2.5 Analysis of Variance: A variance analysis is an exhaustive assessment of disparity between actual and planned results. The main three part of variance analysis are assessment of the actual cost with that of budgeted cost (expenses), assessment of the intended quantity of an activity or procurement with the actual quantity and valuation of the actual output with the planned output. (Kohl beck, M., 2005). 2.6 Budget: It can be explained as a detailed financial plan revealing expected future income and expenses. As an effective controlling tool, it helps to scrutinize current operating environments of an organisation. Immediate corrective action can be resorted by analyzing  Ã‚  Ã‚  Ã‚   and on reviewing and reacting variances between expected and actual expenses once variance is reported. 2.7 CASH FLOW STATEMENT: It signifies how cash was engendered and how it was used up for the business purpose. It discloses the incoming   and outgoing of cash in an organisation and it reports various types like cash flow from financial activities, cash flow from operating activities and cash flow from investing activities. It is being deployed by financial managers to assess whether there will be sufficient cash on hand to meet expenditure requirements. RISK MANAGEMENT: A prudent manager can manage the risky conditions by constant examining of financial status of his organisation. Certain happenings may bring potential impairment to the organisation. For instance, a sudden increase in repair costs and sharp decline in sales revenue may leave the organisation without enough funds to provide services and fulfill objectives. A manager must review likely risk and to shun or control perilous situations like failure to meet quality, performance, budget objectives. Financial data’s are the immense source in risk management process which will help to quantify the risks by resources type like inventory, employees, cash, facility or receivables. Finance managers normally apply two techniques for handling risk mitigation and contingency planning. Risk alleviation guarantee strategies and procedures to control, prevent, or reduction of impact of the risk event if it transpires. For instance, if there is risk of fall in sales revenues, a mitigation technique would be to add more products or diversification of business so that the decline in sales of a particular product may not be detrimental. Like wise, a contingency plan would be to add up a reserve fund that could be used to supplement the fall in sales revenue due to competitors strategy or depression. (Kristy James E., 1994) PRUDENT MANAGEMENT DECISIONS FROM FINANCIAL DATAS: One of the critical financial management aspects is to build good financial decisions. Since financial management influences all parts of management, it is better to recognize and realize the sound financial management and discover how to use sound financial information. One of the best ways to compare the financial performance is to look into the competitor’s performance. For instance, a hospital may look into the hospital wide financial reporting which helps to understand how they have performed and to analyse the reasons for poor performance if any. Comparing the gross and net margin with the other hospitals will help to fix the loophole. Further comparison of actual with that of budgets will also assist to know whether revenue and expenses are with in the budgeted range and if there is a variance, the reasons for the same. A hospital may keep a strict eye on its margins and various means to measure the level of profitability by having close watch on emergency department visits, inpatients admissions, surgeries, revenues from scan and x-rays and blood testing etc. This information will help a hospital to manage its cost either on monthly or periodical basis. Admission rates, costs and gross revenues may act as best performance indicators. For example, if the number of outpatient department visits at a particular facility is trailing back, then CEO will talk to physician to know the reasons. Thus managerial report helps to take a decision for the discontinuance of a poorly performing product line.[1] CASH FLOW RATIOS CAN BE EMPLOYED TO FIND REASONS FOR BUSINESS FAILURES: Cash flow information can be utilized to find out the success or failure of the business in advance as it has been evident from the previous empirical studies like Gentry, 1984, Bernard and Stober, 1989, Carslaw and Mills ,1991 , BarNiv 1990. Most of these studies have found that the level of cash inflows and outflows from various activities are highly interconnected and a failure of any part of the system to function may jeopardize or cause the entire firm to fail. (Glover, J. C., 2005) The key ratios are [2] Current ratio:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2 to 1, Quick ratio  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‚   1 to 1 Liquidity ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0.40 to 1 Equity / debt ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     1.65 to 1 Return on Equity  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   14% If you apply the above ratio and can find out the 80% of the financial health of any company. For instance, if unusual increase in accounts receivable may lead to conclusion that accounts receivable are being managed very badly and may result in high bad debts. But if you have at closer look, you may find out that the company may have introduced a new product or a new market where such receivables are considered to be rational and the new product may elevate the company to soaring heights later or vice-versa. Financial Ratio’s can foretell warning signs: Companies in distress offer difficult analytical problems for analyst. Financial problems like problem in meeting obligations like equity deficiencies, liquidity problems, funds shortage and debt default. Operation problems may result in prospective revenues may be doubtful, ability to operate in danger, consistent failure in operational success, inefficient management, poor control over business operations. Special indicators like incurring operating losses , initiation of liquidity process , a waning allocation of product market , delaying payments to short term creditors , skipping of dividends , bond default and rating changes , bank account excessively overdrawn , insufficiency of cash flows . (Barker, R., 2004). The major disadvantages of the financial ratios include the timeliness of the financial statements, location within the trade cycle, the lack of consideration of the business sector and the overlook of accounting policies. The financial ratios are the best indicators for further examination and not to be construed as a means themselves. CONCLUSION: Thus, management reports are very key elements of the business world. Most of the companies have some form of each type of accounting knitted into their business operations. By adopting appropriate standards for each, the company will be able to successfully keep track of their financial standing for internal as well as external objectives. Banks and financial institutions which have vested interest in borrowing firms should ascertain that the borrowers have to adopt policies regarding requiring customer to prepare the financial reports as per the guidance of Generally accepted accounting principles ,auditor rotation , necessary information on off balance sheet items . Financial analyst should view corporate financial statements and pay special attention to accountant’s opinion letter, management discussion, and the notes to the statements and analysis on public companies and also consider the implications of management’s decisions relative to accounting policies. A financial analyst should also review the company’s latest form 8-k, which is filed with SEC which records the occurrence of any material events or corporate changes of importance to investors or lenders like any disagreement the firm has had with the auditors, any of late changes in the constituent of audit firm.( Saatci, E,2004) By diligent financial analysis, one can identify the accounting irregularities from the financial and managerial reports of an organisation and thus avoid doing business with the management of questionable integrity. Likewise, benchmarking surveys and best practices reviews are beneficial tools for detection of problems, finding out ways to improve and signaling positive changes. Though benchmarking and best practices are modern tools for business improvement but they will not cure everything that is ailing a company. Benchmarking and best practices initiatives are most triumphant when they are advanced with an open mind and the belief that they symbolize an education process. Cash flow information can be utilized to find out the success or failure of the business in advance as it has been evident from the previous empirical studies like Gentry, 1984, Bernard and Stober, 1989, Carslaw and Mills ,1991 , BarNiv 1990 Operation problems may result in prospective revenues may be doubtful, ability to operate in danger, consistent failure in operational success, inefficient management, poor control over business operations. Special indicators like incurring operating losses , initiation of liquidity process , a waning allocation of product market , delaying payments to short term creditors , skipping of dividends , bond default and rating changes , Bank account excessively overdrawn , insufficiency of cash flows . Thus this study proves that the company’s managerial report and internal report are excellent tools for the measurement of efficacy and financial achievement and also a diagnostic tool to detect the perils in advance to undertake correctional measures. A company may overcome its negative factors by undertaking timely correctional methods through its managerial and financial ratios or else it has to remain as an old dog which never learns new tricks.       BIBILIOGRAPHY:    Horngreen C.T, Straton, W.O & Sundem, G.L, Introduction to Management accounting (12th ed,), Prentice Hall, New Jersey. Montgomery, H., Lipshitz, R., & Brehmer, B. (Eds.). (2005). How Professionals Make Decisions. Mahwah, NJ: Lawrence Erlbaum Associates Cocheo, S. (2005). The Efficiency Ratio: How Good a Tool? ABA Banking Journal, 97(6), 10+.          [1] ‘Are you keeping an eye on your organization’s financial pulse? Healthcare financial Management, Dec 2005. [2] Kristy James E., ‘Conquering financial ratios: the good, the bad and the who cares? –Business Credit, Feb, 1994.

Literary Analysis of “Barn Burning” - 2800 Words

A Literary Analysis of â€Å"Barn Burning† In the beginning, â€Å"Barn Burning† appears to be a story about an oppressive father and his family, who seems to be caught up in his oppression. As you read further in to the story you find that the story is focused on a young son of a poor sharecropper, who has to struggle with his father’s arsonist tendencies which are destroying his families’ reputation and life style, while coming to terms with his own morality. The young son, whose name is Colonel Sartoris Snopes, is the protagonist in this story. Sarty (the boy’s nickname) disapproves of his father’s destructive actions and soon has to decide whether to be loyal to his family or give in to his own values of morality. Abner Snopes, who is the†¦show more content†¦Ã¢â‚¬Å"The smell and sense just a little of fear because mostly of despair and grief, the old fierce pull of blood. He could not see the table where the Justice sat and befo re which his father and his father’s enemy (our enemy-he thought in that despair; ourn! Mine and hisn both! He’s my father!)† (Faulkner 250) This setting allows the reader to get a glimpse of the relation the story has in regards to justice versa injustice, while emphasizing the importance of Sarty’s decision. The sharecropper’s cabin is now Sarty and his family’s new home, which is owned by a man named De Spain. De Spain allows them into this cabin under the assumption that they will help cultivate De Spain’s farm and also give him a portion of the crop. The cabin is described as a â€Å"paintless two room house† and referenced to be similar to all the other previous homes of the Snopes’ family. Faulkner also, describes the nature of the family’s belongings with great detail as to emphasize the poverty in which the Snopes’ lived. The scene at the cabin shows the condition in which Sarty and his family have to live under. One of the sisters chose to express her thoughts on the dreadful cabin. â€Å"Likely hit ain’t fitten for hawgs,† (Faulkner 253). This living arrangement and attitude further enforces the father’s grim reality of his situation, therefore adding fuel to the fire. Faulkner description of the planter’s mansion is vivid with details of the massive size and beauty. As Sarty and his fatherShow MoreRelatedLiterary Analysis of Barn Burning771 Words   |  4 PagesLiterary Analysis of Barn Burning Child abuse has been a common occurrence throughout the times of this world. In the story Barn Burning that was written by the author William Faulkner, a story is told of a boy named Colonel Sartoris Snopes who lives with his family. His father is a man who has seen the brutality of war and has a very cold heart. His name is Abner Snopes. His heart is so cold that it is almost as if he is not even human. 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Some of the literary elements found in the story are small and are almost immaterial while others are large and all-encompassing. For example, the mother’s fragmented clock, a small and insignificant object, is used so carefully in order to extract the maximum effect from the viewers;Read MoreBoth sides of the Coin in William Faulkner’s short story, Barn Burning812 Words   |  3 PagesWilliam Faulkner’s short story, â€Å"Barn Burning,† the character Abner Snopes, who is Sarty’s father as well as a main character of the story, stands out the most compared to other characters because of Faulkner’s description with a sense of irony and critic. Faulkner presents multifaceted characteristics in Abner Snopes that makes the readers think beyond the view of the narrator based on logics and circumstances in Abner’s conditions. The setting of ‘‘Barn Burning’’ is the post-Civil War South, theRead MoreWilla Cathers Issues with Realism and The Barn Burner, Paragraphs1059 Words   |  4 Pages1. 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The author utilizes a number of purely literary approaches that were innovative for the time period in which the tale was originally published (in 1932), such as employing a young child as a narrator complete with misspelled words and broken, puerile thoughts. HoweverRead MoreW illiam Faulkner s Literary Accomplishments1753 Words   |  8 PagesWilliam Faulkner was a powerful writer whose highly anthologized works bear the image of the Southern Gothic tradition and the weight of more than half a century of literary analysis and criticism. Despite a vast amount of intense and perhaps belated scrutiny directed at Faulkner s literary accomplishments, the author himself had a vision and scope not to be outdone by his commentators. Between 1929 and 1936, Faulkner published novels with characters ranging from children, thinkers, the insane,Read MoreFemale Characters In Othello Essay812 Words   |  4 Pagesfires? What quotes can you use to support your theory? Judging from the clues from the story we can guess that Abner starts fires because of his hatred against the rich land owners that he works for. While he is just one man he knows that by burning barns down would hurt the land owner a lot. This gives power to Abner against the wealthy land owner that he otherwise did not have. 3. How does being limited to the narrators point of view affect our reading of Everyday Use ? What would the storyRead MoreSarty Snopes’ Struggle for Freedom: William Faulkners Barn Burning1777 Words   |  8 Pages â€Å"Barn Burning† first appeared in print in Harper’s Magazine in 1939 (Pinion). It is a short story by William Faulkner which depicts a young boy in crisis as he comes to realize the truth about his father’s pyromania. Faulkner takes the reader inside the boy’s life as he struggles to remain loyal to his unstable father. In the end the boy’s courage and sense of justice wins and he not only walks away from his father’s iron clad control over his life, but he is able to warn his father’s next victimRead MoreCharacter Analysis on the Conflicts and Themes of Godfather Death2303 Words   |  10 PagesC.  Ã‚  Ã‚  Ã‚   Versimilitude, Probablity, and Reality: Characters in fiction should be true to life. Therefore, their actions, statements, and thoughts must all be what human beings are likely to do, say, and think under the questions presented in the literary work. Setting: Setting is a work’s natural, manufactured, political, cultural, and temporal environment, including everything that characters know and own. A.  Ã‚  Ã‚  Ã‚   Three Basic Types of Setting: a.  Ã‚  Ã‚  Ã‚  Ã‚   Nature and the Outdoors b.  Ã‚  Ã‚  Ã‚   Objects

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Symbolic Source In A Worn Path by Eudora Welty - 1287 Words

Symbolism is a characteristic that stands out in a person or thing. People usually use symbolism for something that means to them or represents to them. The symbols are used for many things, for example the apple on the iphone, laptop or iPod symbolizes the brand. Symbols are also used in churches, for example the cross symbolizes Jesus Christ. It symbolizes how he was crucified, put to death on a cross. The colors symbolize something’s to for example the colors white, red and blue symbolize freedom in the United States, it also represents the United States flag. Symbols are also used in movies like the hunger games catching fire; their symbol is a mocking bird with an arrow on it. A Worn Path is about a long walk through the woods an†¦show more content†¦Another symbol used in a worn path is a dove. In the story the dove represents death because phoenix sees the bird as if she’s almost going to die. In the article â€Å"symbolism in Eudora Welty’s â₠¬ËœA Worn Path’ the authordeclares â€Å"the morning doves reminder of death and with it the futility of her going on pulls at her stay and not to go.† Phoenix feels like if God wants to take her away but she’s not ready to go because of her grandson. They represent death to Phoenix because as she goes through the path she says â€Å"something always take a hold of me on this hill†(Welty1274). Phoenix is an old lady so of course she would get really tired to go up that hill and down that hill. The word fatality also represent the dove because the gunshot she heard may of probably remind her of the shots she heard in the war since we know she’s lived for a long time because of how old she is described in the story. She was probably alive during the world war. Phoenix probably got scared because in Eudora Welty’s â€Å"A Worn Path† her â€Å" lids stretched down over her eyes, as if she were doing this in her sleep†(welty1278). Phoenix maybe has had bad dreams while she sleeps about gunshots. The marble cake is a symbol of the whites and blacks one day being a ble to get together without being cruel to each other. In the story Phoenix sees a little boy giving her marble cake, when she reaches to get the cake the little boy disappears. She was only having a dream. InShow MoreRelatedEudora Welty s A Worn Path1560 Words   |  7 PagesA person’s journey can have symbols that come through everyone’s life. Symbolism is the use of symbols to represent ideas or qualities. In â€Å"A Worn Path† by Eudora Welty, Eudora describes symbols by using people that come through Phoenix’s path while she’s in her journey to Natchez. Eudora uses a nickel, marble cake, big dead trees, mistletoe, and a white hunter to symbolize Phoenix’s difficulties and obstacles that she had to go through in order to get to her destination. In the short story, PhoenixRead MoreEudora Welty s A Worn Path956 Words   |  4 PagesIntroduction James Saunders wrote an interesting article â€Å"’A Worn Path’ The Eternal Quest of Welty’s Phoenix Jackson† (The Southern Literary Journal 25.1, Fall 1992: p62-73.) that not only analyzed Eudora Welty’s â€Å"A Worn Path† (The Collected Works of Eudora Welty) from his perspective but also included the perspectives of other authors which makes his article an excellent source for interpretations of ‘A Worn Path’. Summary Saunders article summarizes Phoenix Jackson as a symbol of the ChristianRead MoreEudora Welty a Worn Path12166 Words   |  49 PagesA Worn Path by Eudora Welty Copyright Notice  ©1998−2002;  ©2002 by Gale. Gale is an imprint of The Gale Group, Inc., a division of Thomson Learning, Inc. Gale and Design ® and Thomson Learning are trademarks used herein under license.  ©2007 eNotes.com LLC ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or by any means graphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution or information storageRead MoreEudora Welty a Worn Path12173 Words   |  49 PagesA Worn Path by Eudora Welty Copyright Notice  ©1998−2002;  ©2002 by Gale. Gale is an imprint of The Gale Group, Inc., a division of Thomson Learning, Inc. Gale and Design ® and Thomson Learning are trademarks used herein under license.  ©2007 eNotes.com LLC ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or by any means graphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution or information storageRead MoreSymbolism : A Warn Path, And Shirley Jackson s `` The Lottery ``1636 Words   |  7 Pagesexpress different elements of their work. Katherine Mansfield the author of â€Å"Miss Brill,† Eudora Welty author of the short story â€Å"A Warn Path,† and Shirley Jackson author of â€Å"The Lottery† all use symbolism wonderfully in their work. They all use symbolism in a different way but they all use this process to help describe a deeper thought or meaning behind elements of the ir work. Symbolism is putting a symbolic meaning behind a natural object thoughts or facts. This process is used by a lot of the mostRead MoreThe Theme of â€Å"A Worn Path†1225 Words   |  5 PagesThe Theme of â€Å"A Worn Path† Charlotte Schroeder Ashford University 03/04/2013 ENG 125 Instructor Abby Forster In the short story â€Å"A Worn Path†, the author Eudora Welty, created a strong theme of undying love with an old woman and her grandson. The main character in this story is called Phoenix; she is an old woman that is narrated from the author trying to make a long journey down a worn path to bring her sick grandson medicine. She will not let anything get in her way fromRead More Flight in Song of Solomon, Native Son, A Worn Path, Sad Sweet Story of Sugar Lips Shinehot, and Por5690 Words   |  23 PagesFlight in Song of Solomon, Native Son, A Worn Path, Sad Sweet Story of Sugar Lips Shinehot, and Portable Promised, and Land First Eagle Story Since the beginning of time all human beings have had a fascination with human flight. Watching a bird soar through the air, one cannot help but desire the same capabilities. Imagine the point of view of the bird that flies high above the trees, among the mountains, over the ocean, and high in the air, far away from the clamor of everyday life on the ground

Managing innovations In Organization Samples †MyAssignmenthelp.com

Question: Discuss about the Managing innovations In Organization. Answer: Introduction Innovation is the process of thinking of new ideas to make changes within the organization for an improvement in the process. This assignment will be discussed about the technological innovation for which various examples of this innovation will be described. The world has become advanced and people are adapting latest technology to accomplish their desires. Innovation has the various elements such as challenge, contemplation, culture, customer focus and completion. The most important milestones of this innovation will be mentioned to describe the attainment of this innovation within the organization and the impact of technological innovation on the organization andmanagement approach will be defined which will be helpful to understand the role of technological innovation within the organization. Technological innovation The role of technological innovations in making life easier of people is huge. However, the breakthroughs of the technological also generate the social and ethical consequences. A technological innovation is facilitated to improve the growth of the business and enhance the productivity of the employee. The equipment and resources of the organization can be used in effective manner with the help of technological innovation. There are various technological innovation has been done in the world. Technological innovation is more advantageous for the market platform as it make work easy and fast. The technological innovation is tending to be provided the huge profits to the organization whether it is small or big (Newell, Robertson, Scarbrough and Swan, 2009). The subtype of technological innovation is defined below. Various examples can be seen of technological innovation in now days. Amazon is the well known electronic commerce company that innovate new technique to reach its customer. A drone has been implemented by Amazon Company to deliver the products to the customers instantly. Primary air is a delivery system which is designed by Amazon to provide the products within 30 minutes or less. It has been analyzed that the prime air has effectiveness to increase the services what it already is being provided to millions of customers by Amazon. It will enhance the overall safety and effectiveness of the transportation system (Isckia and Lescop, 2009). Subtype of technological innovation There are various industries that take benefits of the interest of people with advanced technology these days. It has been found that there is a huge difference in between the earlier days until now because now days technologies are made and sold in the market at very specific prices. The subtype of technological innovation is Semi-radical, disruptive and incremental (Geldes, Felzensztein and Palacios-Fenech, 2017). Semi-radical It is the sub concept of the technological innovation and this kind of technology are relying on the existing knowledge about technology. For instance, cell phones are considered as mobile phones but due to technological changes the work of it is different around these days. There are some example of semi radical innovation such as sales force. It is CRM system harnesses not only for a new technology platform in develop the cloud computing but a new business model too (Gnyawali and Park, 2009). Disruptive The disruptive technology is another sub concept of technological innovation in which it breaks the old one trends of innovation and brings new products and technologies that are most acceptable and accessible. The existing business is being encouraged with the help of disruptive technology. For instance, digital photography is good due to its minimization of traditional films and e-readers that can make the print media ineffective (GIS Innovation Centre., 2015). Incremental Incremental technologies are not huge but it has wide value in the organization because it helps to improve the products and services of the organization (Schilling, 2010). It is considered as the later version of word processing program which permits every user to create new document types by using more effective tools which proved as the best illustration for enhancing the modern technology. Important milestones for technological innovation Technological innovation has changed the entire face of the world. Now, people can order or get knowledge about everything without going outside their house due to effective use of technology (Brown and Osborne, 2012). It has been analyzed that in past decades, kidney failure meant certain death but due to effective adoption of technological innovation such as dialysis treatment which can remove the deadly impurities from the blood and save the life of an individual. Technological innovation has the huge importance in changing the daily life of the human beings by providing the services of online store and online banking where people can operate their daily needs things with the help of internet (Aminbeidokhti, Jamshidi and Mohammadi Hoseini, 2016). The major four milestones from 1990 to today are described below. Development of the home computer Technology has become advanced and it has become advantageous for the people to work from anywhere. Mobile technology is effective and it enables people to communicate with each other from all over the world. Creation of the World Wide Web It has been seen that the World Wide Web is released in 1992. The use of internet in those days is different in c comparison of today. Websites are developed on daily basis where information can be taken from any sources. Evolution of Google In 1998, Google is found as the pioneer in the area of internet technology. It had opened various work locations and start developing the business that today influences almost every company in all over the world. Advancement of wireless communication Wireless internet connection is emerged in the early 1990s but it was not until around in the year of 2000 due to popularity of the wireless communication. Wireless internet is incorporated in home computers in the time of adding Centro chip by Intel (Yang, Wang, Geraci, Elkashlan, Yuan and Di Renzo, 2015). Innovation has affected organisations management approach Innovation can influence themanagement approach of the organization. There are various examples that show the importance of the innovation in the organization (Razavi and Attarnezhad, 2013). Amazon has launched the drone which name is Prime Air. It assists to deliver the products within limited time to the customers. It has great potential to deliver the produces as soon as possible and limited time has been decided of 30 minutes. Geneva Motor Show has revealed worlds best commercial flying car (Hitti, 2013). The manufacture of aircraft is Dutch that has launched a flying car that can convert from drive to flight mode in under in 10 minutes. It is an epic innovation done in the world which is equivalent with plane that has special features of lying or driving. This innovation has been certified to fly under the US Federal Aviation Administration and the European Aviation Safety Agency. It also meets the standard road safety requirements. There is another example of innovation such as driverless car. Waymo and Uber have self driving car which is shown the advanced technology (Felton, 2018). These cars have successful response and people accepted this inn ovation because it provides the safety as well. Themanagement approach of the organization has hugely impacted due to this innovation because it helps them to do something new and different. Innovation aids to build a stronger brand image because customers will link Uber with getting where they need to go in the times where facilities and safety is more considerable. Recommendations Technological innovation is effective as it has provided huge profit to the organization (Camisn and Villar-Lpez, 2014). Various examples of technological innovation have been discussed in this assignment which shows that people rely on innovation and appreciate the technique. However, the innovation is being done by taking consideration of the demand of the people but there are some recommendations for them which show they can be more developed. It has been recommended that organization should consider advanced technology to make satisfy their customers. As it has been discussed the example of Amazons prime air which deliver the products to the customer in 30 minutes, the organization should focus on less time of delivery. Along with that the facility of charging should be there such as charging from solar energy. Uber driver less car has been accepted by people and it can be more advanced by adapting latest technology such as digital roadmap in the car and television facility to th e customers which may attract many customers. It has been found that the innovation of the organization is existed only till organization adapts the latest technology formation in products and services. Along with that the example of flying car has been taken in this assignment and for further development of this innovation, organization need to make some changes time to time so that it can exist in the competitive market for a long time. There can be more innovation happen for further development such as indicator of traffic and digital technology in the car to show the way to the driver (Nyln and Holmstrm, 2015). References Aminbeidokhti, A., Jamshidi, L. and Mohammadi Hoseini, A., 2016. The effect of the total quality management on organizational innovation in higher education mediated by organizational learning.Studies in Higher Education,41(7), pp.1153-1166. Brown, K. and Osborne, S.P., 2012.Managing change and innovation in public service organizations. Routledge. Camisn, C. and Villar-Lpez, A., 2014. Organizational innovation as an enabler of technological innovation capabilities and firm performance.Journal of business research,67(1), pp.2891-2902. Felton, 2018. Google's Waymo And Uber Reach $245 Million Settlement In High-Profile Lawsuit Over Stolen Autonomous Tech. Accessed on 18th March 2018, from: https://jalopnik.com/googles-waymo-and-uber-reach-settlement-in-high-profile-1822868808. Geldes, C., Felzensztein, C. and Palacios-Fenech, J., 2017. Technological and non-technological innovations, performance and propensity to innovate across industries: The case of an emerging economy.Industrial Marketing Management,61, pp.55-66. GIS Innovation Centre., 2015. The Innovation of Technologies and its Three Types. Accessed on 18th March 2018, from: https://www.gistic.org/the-innovation-of-technologies-and-its-three-types/. Gnyawali, D.R. and Park, B.J.R., 2009. Co?opetition and technological innovation in small and medium?sized enterprises: A multilevel conceptual model.Journal of small business management,47(3), pp.308-330. Hitti, N. 2013. World's first" commercial flying car unveiled at Geneva Motor Show. Accessed on 18th March 2018, from: https://www.dezeen.com/2018/03/13/worlds-first-commercial-flying-car-unveiled-at-geneva-motor-show/. Isckia, T. and Lescop, D., 2009. Open innovation within business ecosystems: a tale from Amazon. com.Communications and Strategies,74, pp.37-54. Newell, S., Robertson, M., Scarbrough, H. and Swan, J., 2009.Managing knowledge work and innovation. Palgrave Macmillan. Nyln, D. and Holmstrm, J., 2015. Digital innovation strategy: A framework for diagnosing and improving digital product and service innovation.Business Horizons,58(1), pp.57-67. Razavi, S.H. and Attarnezhad, O., 2013. Management of organizational innovation.International Journal of Business and Social Science,4(1). Schilling, M.A., 2010.Strategic management of technological innovation. Tata McGraw-Hill Education. Yang, N., Wang, L., Geraci, G., Elkashlan, M., Yuan, J. and Di Renzo, M., 2015. Safeguarding 5G wireless communication networks using physical layer security.IEEE Communications Magazine,53(4), pp.20-27.

International Relations Theory Essay Essay Example

International Relations Theory Essay Essay The survey of the international dealingss has traditionally focused on the survey of the causes of war and struggle between the provinces and the status of peace. However. in the twenty-first century we are more concerned with the inquiry of how the planetary dealingss can be identified. and with who lays the power of universe political relations. The planetary political relations and international dealingss constructs have been developed over centuries. The cardinal theories have established the normally recognized methods of explicating the relationships between the provinces. and the manner in which states conduct their concerns. We can separate between many strands of idea. each extended and frequently changeable. Therefore. it is difficult to specify which are the most just and had most purchase in the international dealingss or planetary political relations. However. we can surely foreground few. which are seen as the most of import or even important. One of them is Marxism. developed by Karl Marx in the nineteenth century. Marxism sought to purport the varied terrains in a new and unprecedented manner. Some of the cardinal apothegms include the philistinism. category system theory. the dialectical attack to history and of class a review to liberalism and capitalist economy. We will write a custom essay sample on International Relations Theory Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on International Relations Theory Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on International Relations Theory Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Alas. the Marxism theory was precluded in the 1990s. after the subjugation of people. economic instability. poorness and unhappiness under the communistic regulation became apparent. However. in the latter old ages of utmost economic and societal crisis. many bookmans one time once more engaged in the critical penetration of capitalist economy. merely as Marx did centuries ago. Marxism is the lone theory available. which seeks to wholly undermine capitalist economy. and expose its cardinal defects which capitalists try to avoid or deviate. but can non get the better of. However. it is non merely limited to the economic sciences. It presents extended account of societal and political dealingss and ways in which societies can find it. It offers a new construct of freedom. far more expansive and authorising than the traditional broad apprehension. In this essay I will critically measure the extent to which Marxism has contributed to an apprehension of the planetary political relations. The planetary political relations otensibly consists of many strands of scholar idea. analysis and theories. The acuurate and aware manner of explicating or set uping the different attacks would be to set them in two classs ; mainstreem and the remainder. The parenial mainstreem theories of international dealingss are pragmatism. liberalism. neo-realism and neo-liberalism. Other vail attacks portion much with mainstreetm but have been seen instead as develpoments or reviews or of it. frequently supplying a really distinguishable analysys. One of such is Marxism. Karl Marx developed new word picture with some linkages to the old theories. He offers a distinguishable attack and analysis of political. societal and economic life. Marx’s purpose was to expose the concealed truth about the universe of political relations. and to higlight to people that history. political relations and our societal life is non something that merely happens to us ( independently from our actions ) . but instead something wich happens with our presence and input. and hence can besides be transformed by us. We can take conditions or non we want to populate in a political-social system which we inherited. or to change it if we are dissatissfied with it. In this sense politics appears as a battle over procedure of social-self production. The ability to maneuver assorted procedure in one way or another. therefore shape the universe in whcih we live in. bring forth a societal alteration. Marxs expalins this as a dialectical or procedure orientated attack to understanding our history and political relations. The historical tensenesss and cirumstances opneded up assorted possibilities for histrions ( agents embodied in establishments ) . to bring forth a alteration. As worlds we have a freedom or in other words a corporate ability to determine ourselfs and our universe. This construct of freedom is broader and more empowering. than in the traditional broad thinging ( freedom of pick. our wants and needs in the market ) . Another of import apothegm of Karl Marx was historical philistinism. Harmonizing to Marx all life is invariably germinating. The development consequences from the clang of two opposing forces. The same must go on with peolpe. For centuries humanity experienced battles and clangs chiefly between 2 groups of people. In the acient universe it was the slaves and the Godheads. in the in-between the provincials ( breaker ) and the chap proprietors. and in capitalist economy the capitalists ( burgouise ) and the on the job category ( labor ) . Each historic epoch is different. has its ain dynamic an dlogic. based on a dominant manner of production: primitive. feudal system and eventually capitalist economy. For Marx each phase had its beginbing. center but besides an terminal. Marx besides belived that history is shaped by the material footing of society. He recognised base and superstructure division of society. He included instruction. political relations. faith. civilization. media to the superstructure. Underneeth the superstructure there lies base consisted of dealingss of production ( burguoise ) . and means of production everything which is owned by burguise needed for procution such as engineering for case ) . The base in Marx position. creates a peculiar type of political authorization which is largely concerned with protecting and advancing the involvements of the dominant category. The base can alter the history and the society. The cardinal deduction here is that the people who conctrol the stuff base ( the agency and forces of production ) . ulitmately control the society. political relations and the universe we live in. He recognised tha provinces as the marionette of a dominant category. Marx besides offered an extended and profound crtique to caqpitalism. imperialism and globaloization. He did non undermined it. It is just to state that Marx understood capitalims as the most productive theorey that every existed but however. he recognised that it was populating on a borrowed clip. For Marx the capitalist economy had cardinal defects as it was exploitatory and oppressive system. He examined the characteristics of capitalist economy. praised it for the competetive nature whihc would recsult and many spohisticated advancemnts. presented its defects and atributes. Karl Marx acknowledge that changeless impulse for net income wouldstimulate the invention procedure in assorted Fieldss such as engineering. media. medical specialty. Nevertheless. the necessity to bring forth higher and higher net income is the chief ruin of the globalisation and capitalist economy construct. As a consequence capitalist economy will travel from crisis to criris. and the society will go progressively unequal. Marx specified that capitalists will try to reslove one crisis. but as one job would be resolved. another would be created in its topographic point. We can clearly see how this procedure works taking for case the sub-prime loaning instance. As people did non hold adequate money. the demand failed. The net incomes of assorted cooperations besides failed ( as demand stimalates the supply and the monetary values ) . The Bankss offered creditd cards and loans. In bend people bought more goods. and contributed to the economic system. Everyone was happy in the procedure. the baks. the manufacturers and of class the on the job category who would now eventually purchase the goods and services they wanted. One job was solved. However. after a piece people did non run into their refunds. The Bankss had to impound their houses. autos. and other possesions as a consequence. Now Bankss were left with empty houses. and a immense shortage of money. The enterpreneours who invested and supplied Bankss with the money lost a huge ammount of money. many bankrupted. The revenue enhancements rates for the lower and the center were risen. and the rewards cut so the capitalists could one time once more do net income. Alas. less rewards and bigger revenue enhancements meant less dissposable income to pay for the new good and services. The capitalists one time once more have to conflict low net incomes. and happen new ways to remain in concern. The whole procedure reapeats itself. and no concrete and dependable solution is found. Marx besides crtiticises the globalisation procedure. The planetary capitalist economy means confederations of globalised capitalists. in order to make the concern together and derive more control. This facet of globalisation within the context of capitalist economy will besides turn out fatal. as the interconcetivity between assorted universe economic systems could potentiall convey day of reckoning to all if one falls ( we can see it go oning with the hyousing bubble explosion in the USA. ensuing from the sub-prime loaning. This crisis non merely affected the USA economic system. but spreaded to the remainder of the universe ensuing in the planetary economical crises and recession ) . Marxs posited that economic dealingss between people was nucleus to perfectly everything. The human needs for lodging. security. nutrient. thrust human interactions. Furthermore he stasted that private belongings divided the universe. The human doggedness to swap and to make net income was a recepie for distater. Capitalism develpse productive powers of human societies. but it does in instead undemocratic mode. through exploating and repressing the working category. As a consequence it distors the existent historiacal possibilities for societal self-government. Socially sceptered people under the capitalistic system. are prevented from gaining their full productive powers and basking their Fuller signifiers of freedom. Under tha capitalist economy ideaology supports the historiucally specific signifiers of societal activity and organisation. which appears to be necessarry and natural cosmopolitan conditions. It takes on the apperance of unchangable. and hard-wired withing the society. This is of class mistification. Within the context of capitalist economy. we are stray persons. therefore we confornt our societal envirometn non as corporate merchandise. We views it in footings of restraint on our single chocies. This manner of understanding societal dealingss as parennial. universal and natural prevents us from looking for possibilities of transmutation. or conceive ofing the alternate possible universes. Marxism divine hereafter analysis in the international dealingss arena. One of the most important was the crtitical theory. The critical theory was develpoed in 1930s by the frankfurt school of thoutgt. The term frnakfurt school refers to theoreticians originally assosiated with the Institute for Social Research at Frankfurt University. The early frnakfurt shcool tehorist Horkheimer and Adorno. began excessively lose religion in the radical potency of the proletaria. The besides saw how in the West Marxism was Marxism was being transformed into a doctrisn of economic determinism. In the face of these developments. they wanted to retain a critical modern critical and potentially progressive function for societal theory. but were wary of the Orthodox Marxisms’ preocupation with production and the coresponding accent on the historical function of the proletariat† The nucleus constructs of the Crtical theory are that critical societal theory should be directed at the entirety of society in its historical specificity. and besides that critical theory should better apprehension of society by incorporating all the major societal scientific disciplines. including geographics. economic sciences. sociology. history. political scientific discipline. anthropology. and psychological science. Critical theoriests developed a cardinal construct that the objectively valid signifiers of cognition could non be established independently of the societal context and societal norms. The theories which claimthat they provide nonsubjective truth are deeply deceptive. In their position idealogy ( or theories assosiated with it ) . are merely a belief that oue position is the truth. The manner in which things appera from the economic point of view of our consciousness. They asked a inquiry: can idealogy be proven. is it merely a manner of belief. After all idealogy is without conciousness. Is it just to state that things really are the manner they appear to me? The Frankfurt on the Main scholars went on explicating that in each historic period the dominant category sets the idealogy. In the late capitalist economy it is finally a burgouise idealogy. So the thoughts whic are the base of every facet of our society. ( for case our current work moral principle or current criterions of moral behavior ) do non hold to be cosmopolitan. merely and right. The Frankfurt on the Main bookmans have undermined the rationalist signifiers of scienfitic cognition. They claim that positivism and instrumental ground discourse denys the alternate values and future possible universes. Gramsci went a spot farther and develpoed a theory of hegemony as a signifier of political power whcih relied upon the consent than coercion. â€Å" In a hegemonic societal state of affairs. dominant groups ( categories. category fractions and their verious alliers ) articulate a societal vision which claims to function the intersts of all. and they use selective inducements to enroll junior spouses into their alliance and to didivde the disable oposition† He belived that in modern and progresss capitalistsic societies. hegemonic power might be promoted via media. instruction. art. literature every bit good as political parties. Under these conditions assorted groups might be led to accept to the powerof dominant groups. This action would do the usage of evidently opressive and coercive power unneeded. . He besides argued that hegemony should be continously chalenged by the civil society. In this manner he hoped that capitaslist civilization would be challenged by a counter-hegemonic political civilization. In short. he speculated that peolpe might get down to believe of their economic lives as holding a important political importance. Gramsci hoped that they might eventually oppugn the cosmopolitan capitalism’s structured separation of the ploitical fromt he economic facets of life. Another of import attack to planetary political relations. which derives from Marxism is the World systems theory. which was fathered by Immanueakl Wallestein in the seventiess. He traced the rise of the universe system to the sixteenth century Western Europe. whihc so spraded to the remainder of the universe. The E3urope feudal economic system suffered crisi and was transformed into capitalist economy. The west quikly utilisised their advantages and gained control and power. over the most of the universe economic system ( utilizing colonialism. bondage. imperialism and globalization together with the unjust trade ) . This actions resulted in an unequal develpoment. which alternatively of decreasing grows even further. Wallestein besides supported Marx’s old position that the suposely tree distnict countries of political relations. socio9logya nd economic sciences are in fact combined. In his authorship Wollestein provided a structural explenation of the planetary inequallity between provinces. He viewd it as a pyramis. At the top of the pyramid lye the nucleus provinces. Whuhc dominate the system. They all are in favor of capitalistic planetary economic system for their ain lift. Examples in todays universe inlude USA. Japan or Western Europe. Beneeth the nucleus provinces lys the semi-periphery provinces. which are seeking to promote themselfs to claim their topographic point among the nucleus. Examples include the BRIC states: Brasil. Rusia. India or China. At the really underside of the pyramid lies the peripher. the weakest of the provinces ( 3rd wolrd countires ) . They are normally rulled by the marionette goverments. subservient to the planetary capitalists. Ruled by the nucleus provinces. They will neer be given the standars of life they deserve through their inustry. They normally provide most of the natural resources and merchandises which are greedly devour by the nucleus. merely to recive hapless technoplogy and ocasional assistance in return. Peoples in the 3rd universe states ( peripherians ) are the chief victims of this opression. as they benefit less from the spohisticated engineering and invention that capitalist economy ( through thrust for net income ) brings approximately. This generates a cardinal innequality between the states. Decision The signifiers of Marxian critical theory ( farther develpoed by the Frankfurt school and by Gramsci ) . take us to a conlusion that the claims of scientific objectiveness assosiated with positivistiv theories of International dealingss are in fact deeply misdirecting. This attack differs a batch from the mainstreem realistic and liberalistsi attacks of the international dealingss. More late there has been a kind of Renaissance of Marxian international theory. It began during the 1990s and gained its impulse with the US war on panic after the 9/11/ . The American war on panic is seen by many as the twnety-first-centuray imperialism. Many bookmans return to Marxism wirtings and its ulterior developments. to happen it really accurate in the domain of the planetary political relations today. Undoubtedly. Marxism contributed in big agencies to our apprehension of the planetary political relations. It is the lone dependable beginning of the review of the capitalistis system we presently live in. Furthermore it explains and provides an analis of it. It stresses the mutuality of social-political- and economical facets of life. non merely within the domestic sphere but besides on the planetary graduated table. Marxisms highlights the planetary innequalities that the capitalist economy creates. demonstrates and unmasks the changeless development and mannipulation of the on the job category. It stresses the importance of all idvividuals. and their ability to transform and change the universe around us which includes our political system. current moral and ethical signifiers of behavior. the ecoonomic system and every other facet of our unrecorded. Marx and the ulterior bookmans influenced by his authorship. make non suggest a new clear system to replace capitalist economy. The givens are left to us. Within the construct of marism the idealogy can ever be altered. it shall non be seen as something parenially merely and just. It is besides seen as the tool of the higher category. who usess it to explicate the universe to the lower category and farther to command it. Therefore Marx saw idealogy merely a manner of explainign and understanding the universe instead than truth. This attack had large significance in the planetary political relations theory. It inspired new starnds of idea in international dealingss and of class met with a ferocious review of positive bookmans and minds.