Rethinking of Filipino Values Essay

Enriquez was critical of this approach to the study of Filipino values. He encouraged Filipino scholars to take a second look at these values using a Filipino orientation. Social scientists such as Lagmay, Salazar, and Bonifacio took up the challenge in their own research. Let us examine three of these ‘‘Filipino values’’ from the exogenous and indigenous perspectives. 54 Rogelia Pe-Pua and Elizabeth Protacio-Marcelino ? Blackwell Publishers Ltd with the Asian Association of Social Psychology and the Japanese Group Dynamics Association 2000Bahala Na. The Filipino cultural value of bahala na has no exact English translation. Bostrom (1968) was the first psychologist to analyze this value by comparing it with American fatalism. This is obviously a pervasive interpretation that when Thomas Andres published the Dictionary of Filipino Culture and Values, he still defines bahala na as ‘‘the Filipino attitude that makes him accept sufferings and problems, leaving everything to God. ‘Bahala na ang Diyos (God will take care of us)’ . . . This attitude is a fatalistic resignation or withdrawal from an engagement or crisis or a shirking from personal responsibility’’ (Andres, 1994, p. 12). The Sikolohiyang Pilipino perspective interprets bahala na differently. Lagmay (1977) explained that bahala na is not ‘‘fatalism’’ but ‘‘determination and risk-taking’’. When Filipinos utter the expression ‘‘Bahala na! ’’ they are not leaving their fate to God and remaining passive. Rather, they are telling themselves that they are ready to face the difficult situation before them, and will do their best to achieve their objectives. The expression is a way of pumping courage into their system so that they do not buckle down. In fact, even before they have said ‘‘Bahala na! ’’ They have probably done their best to prepare for the forthcoming situation. Hiya. Sibley (1965), an American scholar, translated hiya as ‘‘shame’’. Another American, Lynch (1961) saw hiya as ‘‘the uncomfortable feeling that accompanies awareness of being in a socially unacceptable position, or performing a socially unacceptable action. ’’ For example, when an employee is scolded in front of other people. To add to the negativity of this interpretation of hiya, Andres (1994) described hiya as ‘‘an ingredient in why Filipinos overspend during fiestas in order to please their visitors, even to the extent of going into debt’’.

International Issues Essay

Abstract No two countries have the same political and legal system. Each country has its own laws and regulations on business and products. When doing business in another country it is important to know the laws and abide by them. Culture plays a huge part in a business’s success when venturing into a foreign market. Being sensitive to the cultural and religious beliefs in that country is important to a business’s long term success. A business needs to be educated in the laws, customs and cultures of that country so that business will be able to comply and coincide with that country. A business needs to know how and where to resolve any legal issues that may arise while doing business in that country. Disputes need to be handled in a way that is respectful to that country and adheres to the contract in which the parties agreed. International Issues Issues in Legal Disputes in International Transactions â€Å"International transactions and dispute resolution requires both an understanding of the law and a sensitivity to foreign culture, politics, formal and informal power structures and decision-making approaches† (White and Williams LLP, 2013). When entering into a contract with a foreign country, one needs to be very specific in the contract about how to resolve any issues that could come up between the two companies. Deciding and agreeing on where issues will be resolved is a key element in the contract. Going to court can be costly for both companies and the decision made by the court could take an extended amount of time. If the companies were to go to court, deciding in where the court hearing would take place is another issue. If the hearing was to be held in the foreign country, the laws might not be the same and that country might not have much experience in international disputes. If the hearing was to be held in the United States, the other company and the country’s government it resides in could become hostile and not uphold the ruling. Arbitration would be the best way to resolve any disputes between the two countries. Arbitration can save a lot of time and money for both companies while also protecting the images of both companies by not having a lengthy trial in the press. â€Å"Arbitration is often less costly, less litigious, and less time-consuming, and offers more privacy to the parties than litigation† (Companies Export, 2008).The ruling from the arbitration could be binding or non-binding depending on what is agreed upon in the contract. Practical Considerations When trying to resolve a dispute with a company in a foreign country, one would need to look over the written contract that was drawn up at the beginning of the relationship. â€Å"The governing law clause will set out which country’s law will apply to any dispute under the contract, and the jurisdiction clause will state in which country the legal action must be taken† (Smith, 2007). The U.S. based company needs to be aware of the laws that affect the company and the business dealings in the other country. The company needs to consider the cultural aspects, the ethical behavior, and the legal structure within that country. â€Å"U.S. laws governing the international business activities of the U.S. companies fall into two categories. The first consists of laws, such as antitrust, employment, and economic-espionage laws, that are also applied frequently in the domestic context. With respect to these laws, the international business activities of the U.S. companies are a rguably at special risk because management educated and trained outside the United States might be less familiar with these laws than management educated and trained in the United States† (Winer, 2013). Bribery is also a consideration when taking legal action against a foreign business partner because this is illegal under the U.S. Foreign Corrupt Practices Act (FCPA). In some countries, bribery and gift giving is not seen as an illegal or unethical act but a form of showing respect and gratitude. A company needs to be careful on how this is perceived because it could be seen as an illegal act on the company’s part. Factors against CadMex Time and money would work against CadMex in the sublicensing agreements. In the simunlation, Candore is under an epidemic and needs the medicine ViroBlax at a subsidized price. There would not be enough time, due to the epidemic, to work out a contract that both parties will agree upon. Each separate pharmaceutical company in Candore would have to be sought out and a new contract would have to be drawn up for each different company. This is not only costing CadMex time but countless dollars on man hours. CadMex would have to invest a lot of money into properly training the employees and building the proper facilities. CadMex would also have to insure that the generic products were to the proper standards and up to regulation. Even if CadMex was to invest the time and the money into sublicensing the drug, CadMex would lose money because the drug is being sold at a subsidized price. The royalties that would be paid out with sublicensing still would not gap the margin of loss that CadMe x has. When Customs and Laws Conflict When the local customs and the local laws conflict with the customs and laws of an organization operating abroad; the organization should look at the customs and laws in which it is operating under and those should prevail, as long as the company is following the laws in which it is to operate by. When operating abroad, it is important to be aware and sensitive to the customs of that country. Allowing employees to observe religious and cultural holidays will not only keep moral high but also will keep the company within the laws that country has. Knowing the cultural normalities and integrating those into the business model will allow for the employees and members of the community to feel that the business has their interests mind. Being able to comply with the laws of the country in which the business is in while also complying with the laws set by the country, in which the mother company resides, can be a hard line to walk. Complying with the laws of the country in which was agreed upon in the contract at the onset of the partnership would prevail. Making sure to follow the rules of the country that the business is in is important because that is where the business will produce its goods. â€Å"Employees who engage in international business are responsible for knowing and complying with both the laws and regulations of the countries in which the businesses operate and the U.S. law and regulations that apply outside U.S. borders. If U.S. law conflicts with the local customs, or if the local law is more restrictive than U.S. laws or company policies, one must follow the more restrictive law, custom or policy† (Olin, 2012). Resolving Domestic and International Issues Resolving domestic issues can be done through arbitration or through the court system. It can be as simple as suing a party and showing up to court. When trying to resolve an issue domestically, the laws are well known for both parties and the venue in which the issue will be settled is easily accessible to both parties. Resolving an issue internationally is more work involved. The issue has to be resolved through which venue both parties agreed upon when signing the contract. Both companies need to know the laws of that country and travel might be needed. If arbitration was selected, both parties would need to submit all paperwork to a panel of arbitrators and adhere to the judgment in which the panel decides. If one party does not comply with the ruling, then legal action must be taken. Conclusion When doing business internationally, a company needs to be aware of many factors. Conforming to the culture and abiding by the laws that are set in that country are essential to that business and its success. A company needs to know how to resolve issues that will come up in the daily running of the business. Being sensitive to religious and cultural norms will not only help with the moral of employees but the community as well. Adhering to the contract in which the company agreed upon will help avoid any legal action being taken against them. By following the laws and cultures of the country the business resides in will ensure success of the company and future dealings in that country. References Companies Export. (6/4/2008). Retrieved from http://export.gov/regulation/eg_main_018226.asp Olin. (2012). International Business. Retrieved from http://www.b2i.us/profiles/investor/fullpage.asp?BzID=1548&to=cp&Nav=0&LangID

American football positions Essay Example for Free (#2)

American football positions Essay Football, it is not just a sport or some game. It is my whole life. Every year I have one goal and that is to make it to football season. Playing in each of those games gives a special feeling that no one can get enough of. Winter, Spring, and Summer do not even compare to what Fall is like, not only is it one of the most beautiful times of the year but the most intense, most exciting sport seasons to anyone with a pulse. I prepare for it all year long, doing different sorts of exercises such as running, lifting, jumping rope, and anything that I could think of to help me be the best athlete I could possibly be. No matter how hard someone could prepare for football there is only one thing that will truly make someone the best they could ever be and that my friend is heart. If they do not have heart they will not make it anywhere, not only in football but in life. With heart and dedication there is nothing that cannot be accomplished. Some days I just dream about playing football on the next level. The thrill of just suiting up in that jersey means the world to me. Playing underneath those blinding lights, that lights up the whole field like the sun. There are so many different ways to win games but there are a basic few that will definitely do the trick. Some offense will really put points up on the board to show how good the team is. A whole lot of defense will win the game; it will stop the other team from putting the points up. One of my favorite quotes â€Å"Offense sells tickets; Defense wins championships†Ã¢â‚¬â€œCoach Paul â€Å"Bear† Bryant Jr. There is always Special Teams too without it there would be no kickoffs, no field goals, and without it the game would not be complete. Morgan 2 The Offense, I would not say it was my favorite thing but I play it to help put points up on the board. There are so many different positions on the offense and over a million different plays and formations. There is the offensive line, which is one of the most rough and intense places I have ever been. There is punching, kicking, and anything to show superiority, if I did not know any better I would think I was fist fighting somewhere in those trenches. There is the running backs and the quarterbacks. They get all of the glory because they are the ones who score the touchdowns. The running backs and the linemen work together to score, one wrong move by one of the linemen and our running back gets tackled. The linemen block the defensive players to stop them from tackling our running back, if we succeed we score. The Defense, my all-time favorite thing, this is where they separate the boys and the men. I love going out and just smashing some people’s helmets in. There are a so many different positions like defensive tackles, cornerbacks, safeties, and my favorite line-backers. No matter where the plan is going there will be someone there to stop them. Like that quote said defense wins championships and that is 100% true without defense it just be a track meet. This is just me but I would rather sack a quarterback than score a touchdown, but some people they are not like that. The one thing that wins and loses games is the special teams. The field goal is one of the most important things in some cases this can win the game. I have seen it send teams into the winner circle and I have seen it send teams down loser lane. There is also kickoffs where every time the team scores they kick it off to the other team. There is a punt when the team does not succeed to make a first down in the four downs they are giving. Morgan 3 All of these things can make or break the team but, the one team that can do each and everything better than the other team will be victorious. If they do not play the best they can always look forward to next week. American football positions. (2017, Jun 01).

Investment and Financial Planning Essay Example | Topics and Well Written Essays - 1000 words

Investment and Financial Planning - Essay Example Probably the most important data to a growth investor is the company's earnings per share. Earnings are bottom-line profits the company earns, after all expenses and taxes. When earnings are divided by the number of shares, you get earnings per share. Microsoft stocks was first sold to the public in 1985, and in that year it had just a penny of earnings per share. But by 1989, earnings had increased four times, to four cents a share. From then on, Microsoft earnings went on a steady climb, reaching $1.71 per share in 2000. What happened then A recession combined with a technology sector collapse caused the era of straight-up growth to end. Is Microsoft still considered a growth stock Yes, by most it is. The stock market still values Microsoft based on an expectation that growth will resume, although not at the pace of the company's early years. Most growth companies pay little or no dividends. Until recently, Microsoft paid none. So, earnings measure the money the company can reinvest back into its own growth. Earnings per share are reported quarterly, and they are the best measure of success for growth investors. A steady pattern of quarter-to-quarter earnings growth should create strong upward movement in share prices over time. But the opposite is also true. When a growth company slows its earnings growth rate, the share price can take a big tumble because investors lose faith in future growth. Growth stocks tend to be more volatile than the market as a whole, because they are in high demand when earnings keep growing and can fall out of favor when earnings falter. The sectors that are most widely followed by growth investors include technology, pharmaceutical and retailing. Value Investing Value investing is the other side of the stock market coin. Value investors believe almost the opposite of growth investors. Instead of looking for growing companies that are the stock market's darlings, they look for out-of-favor companies selling at attractive values. These values are most often defined by below average price/earnings ratio and below average price/book ratio. The slide shows both types of data for Eastman Kodak, a company that is widely known and followed. But for various reasons, Eastman Kodak has fallen out of favor with investors. Why do you think that might be so (VOLUNTEERS) Price/earnings ratio is calculated by dividing the current

Deep analysis Research Paper Example | Topics and Well Written Essays - 1000 words

Deep analysis - Research Paper Example The reverse is also true; meaning when the market demand slackens there will be a decline in capacity utilization. In the economic scene, capacity utilization is employed to track inflation pressures (Nelson 275). In United States, data on capacity utilization is released on monthly bases by the Federal Reserve Board. This helps in tracking the extent to which the country’s productive capacity is being utilized and also forecast likely growth or decline in various sectors. Capacity utilization is measured by deducting actual production from potential production. Capacity Utilization=Real actual output-Real potential Output The data released by the Federal Reserve Bank can be plotted in a graph to show historical developments in capacity utilization. Notably, capacity utilization is represented in percentages, 100% is considered a maximum level of production. Such a graph is represented in the next part; the data represented is from 1965 through to 2012 (Federal Bureau of Reser ve). Capacity Utilization in United States of America Year Question 3 One of the emergent findings is that the overall capacity utilization has declined over the years. In the 1960s capacity utilization averaged around 85 percent. ... In explaining whether these findings are to be expected it would be important to look at the general economic environment over the years. It is clear that in the 1960s, which was largely a postwar period, there was a massive growth in the economy. This massive growth was enabled by a growing demand for goods and services which prompted companies in various industries to increase their productive capacity. At the same time, companies sought to maximize on their productive capacity to meet the demand. The result was higher levels of capacity utilization. However, this scenario would falter with a general change in the economic environment. This is because the economic environment remains a major determinant of the levels of production. In times of great demand the production levels will rise and thence the capacity utilization of existent companies will also rise. Therefore, at times of slow economic growth, or recession in that case, the industries are performing below par and thence the capacity utilization is way below that of a thriving economy. Given this scenario, it is thus expected that the level of capacity utilization will falter every time there is a marked decline in economic growth. Looking at the plotted levels and matching this with the overall health of the economy, we are able to see a higher level in the 1960s. It is during this period that the United States experienced the longest period of uninterrupted period of economic expansion. At the time, the efficiency and production levels of the U.S improved markedly. However, these levels have since declined and the country hardly goes for two decades without a recession. This reality largely suggests that the findings would be

Evaluation of Current Trends in the Music Industry Essay

Evaluation of Current Trends in the Music Industry - Essay Example Evaluating the current trends in the music industry can help those in this business to have a more substantial response to demands within the environment. Globalization and technology are the two trends that are continuing to change the ability to produce and distribute music within the industry. Live promoters and recording studios are both being affected by this by the growing opportunities for indie artists as well as the changing demands from fan bases. Creating a business environment that fits with the specific needs within the newer music industry can then provide a better response to those that are interested in music as a business. It can be seen from this specific report that innovation, creativity and building new approaches to using technology will help to sustain those that are a part of the music environment. The current trends that are in the music industry are creating significant differences in how musicians and artists are able to promote and record their music.

Areas of Concern to Ensure Business Success Case Study

Areas of Concern to Ensure Business Success - Case Study Example Finally, they are often unable to raise sufficient funds as they only rely on their own ability. Â  Diversification is a method used in spreading risk. In the case of Jones Electrical Distribution, the business is only in operation during summer and spring when the weather is conducive for construction work. He should expand operations to ensure that business activity is not faced by seasonality. He should try other products that sell throughout. Â  Having a fewer supplier helps in cutting down distribution costs and the degree of logistics of the company. Consistency in the quality of materials supplied is also assured. This also reduces the number of customer complaints and establishes an intimate relationship with the supplier. In addition, the supplier aims at pleasing the customer because of the huge quantities by giving discounts. It’s not fit to have a single supplier though because if the supplier is adversely affected by an event, the business is also affected. The supplier might also become complacent since he knows you cannot get a better supplier than them. Â  The $350,000 line of credit is not enough money for the business. Looking at the 2007 balance sheet, the amount of financing required in more than $350,000. The business requires twice the amount in order to bring its liquidity to an acceptable level. Â  Alternatively, Jones can consider using profits of the business as a source of finance. Secondly, he can borrow from friends at agreeable interest rates.

Is Money the Factor That Can Improve Society Assignment

Is Money the Factor That Can Improve Society - Assignment Example Muda, Japanese for waste, can come in many forms--all of which either add nothing to the finished product or nothing for which the customer is willing to pay. A few examples follow:   Transportation. Any required transportation of products or parts adds nothing from the customer's perspective. Therefore, it should be minimized or eliminated. It's common for plant redesign or reorganization to be among the first steps in a lean effort.   Overproduction. This occurs when a part or product is manufactured before it's needed--either before a customer has ordered it or before it can begin the next process in the production system. This results in a backlog of material that must be stored, which adds unnecessary expense and inefficiency. A truly lean enterprise isn't dependent upon speculative market forecasting for determining production runs.Work in progress. WIP can be caused by overproduction, poor scheduling or long and uneven cycle times. Lean companies ensure that each manufacturing process takes roughly the same amount of time by adjusting the processes themselves or the resources dedicated to each. Additionally, suppliers must be held accountable for the reliable delivery of their shipments.Also inherent to a lean production system is the idea of continuous improvement. The lean executive recognizes waste in any form as a singular enemy, the fighting of which is his or her primary responsibility. Because every p rocess includes some waste, the elimination of all waste is an unattainable goal. On the other hand, lean optimists recognize that this truth means the benefits of a lean system - if diligently pursued - are inexhaustible, too.

Nuclear Power Assignment Example | Topics and Well Written Essays - 500 words

Nuclear Power - Assignment Example Nuclear power and hydropower are also used to supplement the fossil fuels. Oil is another source of energy that is presently used for running automobiles and for transportation purposes. While taking into consideration other sources of fuel, research has proven that the nuclear power is cleanest and safest source of energy and has the least adverse impact on the environment. In addition it uses uranium, which is more plentiful than the fossil fuels. Nuclear energy does not emanate any toxic gases or metals into the environment. It affects the ecosystem like the hydropower. Empirical research has proven that the nuclear wastes have less negative impact when compared to those caused by the silt in dams or produced by coal. More so, a pound of uranium can produce more than 20,000 times more power than that produced by a pound of coal (Miller, 2004). The nuclear plants produce by far less wastes than those produced by coal of the same quantity. The fossil fuels emit wastes in the atmosphere whereas nuclear wastes are disseminated into the non-radioactive synthetic rocks that are buried underground in remote areas, hence having limited chances of harming any living thing . The amount of nuclear power is unlimited when compared to other sources of fuel due to the big volume of uranium in the earth’s crust. Other sources of fuel like oil are likely to get exhausted, more so, most of the oil reserves are located at the golden triangle in the Persian Gulf. The area of the Persian Gulf is faced by many conflicts including the terror groups hence making extraction of oil very expensive and unreliable. When compared to the nuclear power, the solar power requires tax credits and government subsidies to make its power production viable. The wind power unfavorably affects the ecosystem by killing birds and other flying animals. Despite many people advocating for the use of wind power and solar power, they cause more harm to the environment than the nuclear or the