Gender Differences Essay

Sexual double standard refers to gender differences in sexual freedom (Gentry, 1998). In 1960, Ira Reiss defined orthodox double standard as premarital sex prohibition on women but not on men (Milhausen and Herold, 1999). This social standard became the conditional double standard wherein females are only allowed for sexual relationship within marriage while males are not prohibited to incur sexual relationship as many as they can (Milhausen and Herold, 1999). As stereotype, society generally condones certain sexual behaviors only for male but considered as taboo for females (Gentry, 1998). From the early historical period of the Western nations, the unequal treatment between men and women regarding with sexual issues have been recorded (Haavio-Mannila and Kontula, 2003). Women were usually expected to preserve virginity upon marriage and to avoid sexual contact with any one even after legal separation or husband death (Haavio-Mannila and Kontula, 2003). This sexual inequality orientation became the traditional moral standards for both male and female groups but with strict provisions on women. Further, this inequality, according to Williams (1987), was resulted from the early conception that women are valuable property of men and an object of exchange (Haavio-Mannila and Kontula, 2003). As such, sustaining female value requires virginity preservation. In connection to this, the strict observance of chastity has been implemented within a clan for the prevention of unwanted pregnancy, preservation of family honor, and assurance of proper social-class marriage (Haavio-Mannila and Kontula, 2003). After 1960s’ and 1970s’ decades of sexual behavior liberalization, sexual double standard is deemed to be gone (Gentry, 1998). Although arguments on this matter until this present are still in existence, most researches failed to provide a strong ground for the continuous existence of sexual double standard (Gentry, 1998). In spite of this, sexual issues such as teenage pregnancy, rape, illegitimacy of birth, pre-marital relations, and even sexual-related diseases like AIDS are continuously perceived with respect to gender-based sexual attitudes (Gentry, 1998). In fact, studies on the sexual behaviors for both male and female showed the persistence and effects of double standard for both sexes (Milhausen and Herold, 1999). Literature Review During 19th century sexual differences has became the focus of scientific investigation (Haavio-Mannila and Kontula, 2003). For instance, Havelock Ellis treated women’s sexuality as weakness while the Kinsey era supported the equality of gender (Haavio-Mannila and Kontula, 2003). Nonetheless, Masters and Johnson proved the similarity in sexual response between male and female (Haavio-Mannila and Kontula, 2003). Meanwhile, the emergence of more equal opportunities for both sexes was ascribed to the socioeconomic developments (Haavio-Mannila and Kontula, 2003). At this time, equal educational opportunities for men and women have started to be provided. Moreover, increasing socioeconomic affluence and wealth have improved means and styles of living (Haavio-Mannila and Kontula, 2003). This paved the way towards sexual exploration, adaptation and revolution (Haavio-Mannila and Kontula, 2003). Gender differences in sexual behaviors, based on evolutionary psychology, are brought by human evolution. Gender differences are related with reproduction; to ensure the survival and perpetuity of species, male organisms needed to impregnate many females as they can (Milhausen and Herold, 1999). On the other hand, as explained by social learning theory, since sexually-permissive women are ostracized while men with multiple partners gained societal popularity, the society was conditioned to delimit sexual relationship of women into monogamous relationship while giving reinforcement to males having many sexual affairs (Milhausen and Herold, 1999). This notion gave way to the rise of sexual script theory that catered explanation for the sexual behavior patterns. In accordance with this theory, to abide with the traditional script, men are used to have many sexual partners while women are exclusively intended for one-partner relationship (Milhausen and Herold, 1999). However, amidst these glaring differences, studies on double standard have produced conflicting results. The differences in results for those studies were ascribed to the instruments and criteria utilized by researchers in the conduct of their study (Milhausen and Herold, 1999). In her study, Gentry (1998) failed to provide conclusive findings on traditional sexual double standard in accordance with gender-based perceptions of her respondents. Also, the respondents’ perception depended mainly on the target’s type of relationship and sexual activity. As consistent with other studies, respondents gave more positive rating on the target with below average sexual activity and in monogamous relationship (Gentry, 1998). Still, the female participants rated an assertive and liberal woman as with higher level of sexual activity (Gentry, 1998). On the other hand, the degree of assertiveness and sexual activity were not significantly associated with the concept of liberal men (Gentry, 1998). As such, it was noted that male and female participants both used social and physical attributes in their perception of a desirable individual (Gentry, 1998). Generally, male respondents relied on gender and sexual activity data in conceiving the personality of male targets and classified targets with below average sexual activity as less appealing (Gentry, 1998). However, the findings of this study did not reflect the noticeable gender bias in the university where it was conducted; the pathway towards female residence halls was named as â€Å"walk of shame† which is an insinuation against female student who spent overnight with male (Gentry, 1998). In 1982, Spreadbury reported that women respondents tended to rate the sexual behavior of women as more promiscuous than men which denoted their support towards double standard (Milhausen and Herold, 1999). Also, in 1987, when it comes to the assessment of the first sexual experience of a hypothetical case, Sprecher, Orbuch, and McKinney revealed that respondents gave negative more negative rate on female case than male case (Milhausen and Herold, 1999). In terms of preferences for a partner, in 1995, O’ Sullivan revealed that both male and female respondents less favored for a highly sex-experienced person (Milhausen and Herold, 1999). Moreover, in 1997, Sprecher, McKinney, and Regan showed that both male and female respondents preferred for a date without any sexual experience (Milhausen and Herold, 1999). Nonetheless, in 1992, Sedikides reported male respondents much preferred sexually experienced women for casual date (Milhausen and Herold, 1999). This male preference for casual date reflected the double standard among male participants. In relation to this, in 1992, Oliver and Sedikides reasoned out that male respondents choose women with more sexual experience as casual dates to gain sex experience but much preferred women without sex experience as their marriage partners (Milhausen and Herold, 1999). This is again an indication of a double standard. In the same manner, as explained by Sprecher, Orbuch, and McKinney in 1991, the refusal of female respondents with highly sex-experienced men in any relationship, implied reversed double standard (Milhausen and Herold, 1999). In their study among university women in Canada, Milhausen and Herold (1999) found that students are personally against double standard even if women’s behavior was deemed harshly than men (Milhausen and Herold, 1999). They also favored for the importance of sex, thus, rejecting one notion of double standard (Milhausen and Herold, 1999). In addition, the respondents gave negative rating for both male and female with more sex experience (Milhausen and Herold, 1999). Still, they perceived men with multiple sexual partners as exploitative, sexual predators, and manipulative (Milhausen and Herold, 1999). They also perceived that other women mostly gained criticism from other women than men due to their sexual behavior (Milhausen and Herold, 1999). Furthermore, the respondents denounced the idea of supporting either a female friend in dating with highly sex-experienced man or even a male friend dating with highly sex-experienced woman (Milhausen and Herold, 1999). This signified the discouragement for double standard. However, if the highly sex-experienced man has other positive characteristics, the respondents gave possible chance of dating with that man (Milhausen and Herold, 1999). Personality attributes take precedence in choosing a partner rather than sexual experience (Milhausen and Herold, 1999). Conversely, there were respondents that even in the presence of good personality traits in a sex-experienced man would still turn down the date (Milhausen and Herold, 1999). In line with this, women who had multiple sexual relations tended to choose men who also had multiple sexual affairs (Milhausen and Herold, 1999). The experimental investigation of Sheeran, Abrams, Spears, and Abraham in 1996, respondents perceived that female should have lower number of sexual relationship than male (Crawford and Popp, 2003). In addition, as perceived by both non-religious female and religious male, sexually active women are seldom observed (Crawford and Popp, 2003). Moreover, participants rated women who have changed sexual partner for several times in a year as more irresponsible than men of the same case (Crawford and Popp, 2003). In the same year, Sprecher and Hatfield observed that male respondents signified a double standard for both male and female in casual dating but not for male and female in a pre-engage or serious dating stage (Crawford and Popp, 2003). In a cross-cultural study, Russian students have higher tendency for traditional double standard even during the dating stage (Crawford and Popp, 2003). In contrast, higher tendency for double standards endorsed by male respondents than female respondents were observed for the United States participants than Japanese and Russian participants (Crawford and Popp, 2003). As such, in the United States, male respondents associated permissiveness more on males than females (Crawford and Popp, 2003). As a general observation, male in the United States have greater inclination towards double standards than female (Crawford and Popp, 2003). In terms of personality attributes, Morris, Young, and Jones (2000) found that Bolivian elite students, both male and female, having high self-esteem generally involved in sexual intercourse. In contrast, home self-esteem was associated with conservative sexual behaviors. Analysis and Conclusion Event though double standards may seem to vanish but its contemporary form may emerge which in turn affects human sexual behavior (Crawford and Popp, 2003). Evidences of heterosexual standards emanated from respondents as they proposed dissimilar levels of accepted sexual activity for both male and female (Crawford and Popp, 2003). Similarly, double standards may arise through the responses of the participants with regards to specific behaviors. Also, double standards can be noticed and evaluated based on the purpose of sexual activity and global measures respectively (Crawford and Popp, 2003). Meanwhile, double standards in sexual issues have been captured the attention of social and biological researchers, the studies have poor methodological designs (Marks, 2008). In relation to cognitive theories, in 2006, Marks and Fraley postulated that observations congruent with the double standard are easily encoded in mind than deviant events (Marks, 2008). For instance, a woman maligned due to extramarital affairs easily clings in the mind of the public than a woman given reinforcement because of sexual activity. Also, in 2007, they endorsed that individuals while in group, tended to support double standard than when alone because of interactions among the respondents (Marks, 2008). The social interaction among the participants may trigger cognitive functions leading to the use of stereotypes, thus, signified the tendency of the respondents to endorse double standard in public but not privately (Marks, 2008). Most of the researches conducted in this endeavor, utilized fictional approach instrumentation in eliciting respondents’ perception regarding every possible aspect of double standard; thus, failed to accurately quantify the sexual double standards in real-life basis (Marks, 2008). In this approach, hypothetical cases in the form of interview or stories will be given to the participants and allowing them to form judgments based on case specificity. However, double standard stereotypes were formed as general impression for a specific class of individuals (Marks, 2008). Hence, the purpose served by the research technique mentioned earlier was individuation not as stereotypes. In connection to this, Marks (2008) found that participants rated both males and females equally with respect to double standards on full attention basis. On the other hand, when their attention was divided, they favorably rated sexually-active men than women (Marks, 2008). Based on the results of his study, Marks (2008) reported that sexual double standard was more common than what has been suggested by previous researches. In addition, the fictional strategy in the assessment of double standard can hardly measure the extent of double standard in sexuality (Marks, 2008). Based on the abovementioned literature, socio-cultural factors shape gender stereotypes which in turn lead to the practice of double standards in sexuality. However, contemporary researches showed that sexual stereotype does not hold true for general cases (Clements-Schreiber and Rempel, 1998). For instance, McCormick (1979) reported that students generally attributed sex goal to males and sex avoidance to females but contemporary researches revealed that women initiated sex with their partners as men showed some form of resistance towards sexual intercourse. In line with this, the value given by the society to sexual double standard is a determinant of gender inequality. On the other hand, double standard may affect women positively. For example, women are prohibited for multiple sexual affairs but men are condoned for such practice. This double standard saves women from unwanted pregnancy and transmission of sexually-related diseases like HIV/AIDS and gonorrhea. Additionally, having unplanned children form different men will also be lessened; hence, causes reduction of population explosion and deterrence of its inevitable consequences such as poverty and food scarcity. Therefore, in a way or another, sexual double standard was spontaneously established through norms, mores, and traditional beliefs of the early society to regulate sexual relationship which in turn leads to a strong clan foundation. As supported by the findings of McCormick (1994), since women in general, make the crucial decision on the extent of sexual behavior in heterogeneous relationship (Milhausen and Herold, 1999), they have been the subject of the preconceived inequality in sexual relations. Hence, for a better perspective of this sexual double standard, contemporary research findings should be integrated with the historical and traditional rationale of double standard existence. In the end, the persistence or re-emergence of any sexual standards in the contemporary society will always depend on individuals themselves. References Clements-Schreiber, M. E. , Rempel, J. K. , and Desmarais, S. (1998). Women’s Sexual Pressure Tactics and Adherence to Related Attitudes: A Step Toward Prediction. The Journal of Sex Research, 35 (2), 197-205. Crawford, M. and Popp, D. (2003). Sexual Double Standards: A Review and Methodological Critique of Two Decades of Research. The Journal of Sex Research, 40 (1), 13-26. Gentry, M. (1998). The Sexual Double Standard The Influence of Number of Relationships and Level of Sexual Activity on Judgments of Women and Men. Psychology of Women Quarterly, 22, 505-511. Haavio-Mannila, E. and Kontula, O. (2003). Single and Double Standards in Finland, Estonia, and St. Petersberg. The Journal of Sex Research, 40 (1), 36-49. Marks, M. J. (2008). Evaluations of Sexually Active Men and Women Under Divided Attention: A Social Cognitive Approach to Sexual Double Standard. Basic and Applied Social Psychology, 30, 84-91. Milhausen, R. R. and Herold, E. S. (1999). Does the Sexual Double Standard Still Exist? Perceptions of University Women. The Journal of Sex Research, 36(4), 361-368. Morris, J. , Young, M. , and Jones, C. (2000). Self-Esteem and Adolescent Sexual Behavior Among Students at an Elite Bolivian School. The International Electronic Journal of Health Education, 3(1), 36-43.

Duopoly Coles vs Woolworths

Australian Business Environment A Duopolistic Market Structure: Who Wins? For most of us its Just part of everyday life decisions. Where to shop for the week, Coles or Woolworths? Should I drink Pepsi or Coke today? Do I go to MYER or David Jones to buy new make up from? We take in consideration a few prices, how convenient it will be to get there, what would we rather do, and that's it. But there's something bigger behind this. What is the impact on such big rivals, for us and the economy? It's not Just about personal choices.Living and studying in Australia for the ast 11 months, going to do my grocery shopping at Coles or at Woolworths has become part of my routine. And because it is such an ordinary thing to do, we tend to forget that we make part of a much bigger picture, and are contributing to several factors regarding the Australian economy. However, this race for the best has its advantages and disadvantages, and of course, this is affecting us as well. The Price War One of the advantages of this never ending battle for us customers, are the low prices.Because there is such a big competition for prices, each of the supermarket rands will try to make it as affordable as possible to the consumer, as a reaction to get competitive advantage. One big example of this war is the milk price. Both supermarkets can sell milk for $1 . It is very difficult to make any profit if you're selling products at such a low price, as Rob Murray, the chiet executive tor the t beverage group Lion stated. However this issue does not affect us consumers on a day-to-day basis, and the low prices keep us happy and of course, keep us shopping at these big supermarkets.Everyone wins with the Rewards Programs Another good thing for the shoppers at these two big chains is the rewards systems hey have. And we win again. Despite the cheaper price war having been leaded by Coles the majority of times, Woolworths seems to have another way of fghting. Their CEO Grant O'Brien came out wit h a new strategy: the Everyday Rewards. The more the customer shops, the more discount they get. Users of the cards get exclusive offers, discount on fuel and can even earn Qantas flyer points.And not only in Woolworths, they have retail partners like Big W, Dick Smith and Cellarmasters that will also benefit the customer. Coles also has their rewards system, the Flybuys. With his card, apart from the exclusive offers on Coles and affiliated firms products, the customer collects points at every purchase, which can later be changed by different prizes. But this is not only good for the consumers. Its basically the company saying that they will give us prizes, in exchange for our information.A Rewards system allows the firm to collect data about their customers, which they can use in their favour, to create loyalty and promote trust. With the Everyday Rewards, Woolworths has been able to collect a good amount of information, while Flybuys is still in the process of build its strength. Easy and Simple Another very good thing for the customer about these two big brands is the convenience. Everywhere we go, every big shopping center and busy area in a suburb will have at least one of the two, if not both.Coles and Woolworths have very strong analysts that will know where to place their shops, and if there is an area lacking one, it's probably not because they are still to build one, but because that are would not be so profitable yet. So for us, wherever we want to shop, we can always find one of these, and do not have to travel any long distance to get to one of these tores, as they are located almost everywhere too. Even for the most loyal customer from the small shops, sometimes it's a lot more convenient to visit one of the big supermarkets, and they will end up buying something from there.Someone might be losing Unfortunately it's not all flowers. For us to be paying such low prices, someone is losing money somewhere, and it's not the big supermarkets. Because they are such big brands, suppliers need to have their products in their shelf. Coles and Woolworths claim they have built very strong relationships with their suppliers, and it ight be true, but a lot of the smaller suppliers are getting ripped off. They â€Å"bully' the suppliers to sell their products at really low prices, and they know they have this power, otherwise they won't sell enough.They will also charge more to have the products placed in good positions on their shelves. A lot of the times the prices suppliers are charging are so small, that they are struggling to survive with these sales, and it generates another whole big problem. Creating Enemies The ones losing with the big duopoly from Coles and Woolworths are the smaller suppliers, and the smaller shops too. But not every customer is Just happy in paying small prices, they want to make sure everyone involved is protected.For this reason, there is a big pressure on ACCC from suppliers and the smaller businesses wh ich don't nave a chance to compete. There is a party called Australian Green, and they fght strong against the practices these two supermarkets have againg farmers and small suppliers. Their objective, as they state on the website, is to â€Å"tackle the supermarket duopoly', and the measures they are willing to take are strong. For example, put a temporary ban on expansion from Coles and Woolworths, or stopping his duopoly to purchase agricultural land, so they can't control the whole supply chain.The ACCC is also holding an investigation about the bullying of suppliers. While most of us will not care that much about the situation these suppliers are in, or will not have option to shop somewhere else, there is a big group who does care. These are customers who are willing to pay more, but do their groceries in a small shop so they can help that business, and also do not buy the products from exploited suppliers. No more competition Unfortunately, the group of very unhappy customer s mentioned before is not large nough to make sure the small businesses will survive.With such low prices and big chains, the two major supermarkets will not give a chance for a smaller business to survive in the middle of this war. It is Just impossible to compete with the two major supermarkets prices and their powerful middlemen, and the small shops start disappearing. Without competition, a lot of the products that do not have space on Coles or Woolworths shelves may also disappear, and this will also have a big impact on the economy as there is unemployment rising. This process will damage Australia ood's industry, and with the lack of new firms it might mean a lack of new products, and the whole market can go stale.Tricking the customers To have products at such low prices, as it was mentioned before, the suppliers will end up losing. But the customers might also lose sometimes. For example, the free range eggs case. Both Coles and Woolworths claim that they want to help custo mers switch from industrialised to free range eggs, by cutting the prices on the second one. However, the suppliers pay for the price that we are not, as it is impossible to have a free range egg production at such low prices.The customer will end up buying free range eggs thinking they are contributing to improve the animal welfare standards from the supermarkets, however, they do not know that they are still purchasing the â€Å"industrialised† free range eggs, the free range version of these two big supermarkets. Even though it seems there are more disadvantages to small businesses and suppliers than there are advantages for us customers, it is not the number, but the quality of these advantages that count. This battle is far from the end, because it is not likely that the masses will stop shopping at Coles or Woolworths anytime soon.However, the ones that are more conscious about it can only expect that it will make a difference in the future, when the ACCC take strong me asures or the political inaction ends, and someone who genuinely cares and is strong enough to change this is put in charge. In the meanwhile, we will keep enjoying the convenience to Just walk for 10 minutes and find a shop, or receive rewards and discount on products and even fuel, and keep ignoring all the ones losing from this. In the end, it is a battle and someone will lose. If not the big duopolistic market, a part of the population will pay.

Bussiness Plan for Start-up Restaurant Dissertation

Bussiness Plan for Start-up Restaurant - Dissertation Example This dissertation demonstrates a business plan, that is designed for a restaurant named ChopChop, that deals in organic food items such as salads and health juices in Doha, Qatar. As per the market analysis performed, it was observed that majority population of Qatar is expatriates that increase the scope for continental food flavors among the target customers. A primary analysis performed among the target market customers showed tendency towards consuming healthy food in comparison to fast-food items. Price is not a major issue for the customers of the selected region. The services of Chopchop will be designed in an individual manner wherein the customers can select the ingredients to be put in their salads from a large variety of vegetables in the store. Also, wraps can be served along with the salads with meat, beef and shrimp. The strategic aim of ChopChop is to capture the target market with a differentiation focus. The pricing of the products will be designed with price skimmin g strategy for increasing product life in market. The finical calculations showed that ChopChop can achieve its break-even point by the end of 7 months of its initiation. It has been recommended that the online activities such as website development should be minimized during the first year and replaced with the provision of launching ChopChop with two stores. In conclusion, the researcher recommends a possible future strategy for the company, that will be mostly focused towards identification and penetration of other potential Middle Eastern markets.

Negotiating employees welfares in a work place Research Paper

Negotiating employees welfares in a work place - Research Paper Example This project topic is focused on Negotiating on behalf of employees of an organization with its Executive Management on the employees’ welfares and conditions of services in the organization. This negotiation is based on a win/win situation where both the management and employees are pursuing a mutual interest of moving the organization to a greater height. Other interest groups in this negotiation are Company Board of Directors, Labor Union, Company employees, Customers and Vendors to the Company. Negotiation is the basic art of bargaining pursuing a mutual beneficial interest among interest groups such as Company Board of Directors, Labor Union, Company employees, Customers and Vendors to the Company. On daily basis everyone negotiates one thing or another. On a private level, individuals bargain with friends, car sellers, landlords, family and managers, among others interest groups. Negotiation formulates a vital segment of the competitive nature of the contemporary life of our social and economic dynamic. Negotiation makes a dynamic process among codependent and self-interested groups with different upbringings, which targets to influence a decision that contents preferences and limitations of the available groups (Defense, 2015). This paper discusses on the real-world, holistic overview of the skills strategies that can be employed and applied to successful negotiations on behalf of employees of an organization, with its Executive Management on the employees’ welfa res and conditions of services in the organization. Negotiations on behalf of employees of a particular organization are core attributes to organization success. There are no organizations that can survive without profitable conventions. Within an organization, negotiation skills can steer to career promotion among the officials involved. There are many stages and strategies of negotiation such as planning, negotiating, creating a contract and performing the contract. Each

The Importance of Reflection in Nursing Practice Essay

The Importance of Reflection in Nursing Practice - Essay Example This process, called a meta-cognitive process, is normally reflected in a number of our daily routines and activities. Thus when we have to attend a call from a patient in pain, what priority we accord to it will be determined by the values and beliefs we hold and how we assess the situation. Reflective learning calls for instilling of the critical nursing skills in nurses through participative and emancipative education. This in turn helps in empowering the practitioners to deal with contradictory situations. Such training implies learning continuously with regular evolutionary inputs. Daloz (1986) describes the characteristics of support and challenge and the ways in which they might combine to foster learning. He describes support as an affirming activity. When a teacher supports a learner, the teacher lets the learner know that the learner is cared about. White (1997) suggests that new knowledge and theory can be generated when a structured and analytical methodology is applied to reflect on experience. In general, reflective practices can be categorized in two types; Reflection-in-action is when someone is working, and learning at the same time i.e. being fully aware of he's doing. Reflection-on-action is learning in a simulated environment when the nursing practitioners are taught by their tutors with the help of practical. For example nursing calls for advice being offered to the relatives and friends of the patients. Nursing is a science as it requires studying the medical practices and science, but it's an art as well because working with different types of people requires an attitude of understanding the feelings and compassion. Profession of Nursing involves being well versed with the technical gadgets, bio-medical terms, clinical tests, test reports as well as psychology, since during the majority of the times, when doctors are not around, nobody from family or friend circle is nearby, a Nurse is supposed to be the bedside companion taking care of the person with all sincerity. During such times most of our behaviors represent a mixture o f influences from both implicit, subconscious activations, and conscious considerations. The profession often requires long hours of working and heavy workloads while dealing with a range of people from all walks of life. Therefore, reflection-in-action is observing the things and the surroundings from one point of view and then devising 'in-time' appropriate reflections. Therefore in my opinion the profession of nursing requires; Compassion for another's suffering and love for the feelings of their patients Very high ethical standards Commitment to their profession Good interpersonal communication ability Critical cognitive process based thinking ability Highest standards of integrity and honesty Dealing with difficult and often unpleasant circumstances Working in physically demanding and often stressful environment Continuous aptitude for learning throughout one's life. Schon (1983) therefore calls for a "reflective practicum" to be an integral part of professional education. Lamb & Huttlinger, (1989) advocates reflection has a method by which nurses can enhance their future prospects and research practices. Williams (2001) enlists the results of a survey

OPM300 - Intro. to Operations Mgmt. CA Essay Example | Topics and Well Written Essays - 500 words - 1

OPM300 - Intro. to Operations Mgmt. CA - Essay Example uch, Event O is the most likely candidate because crashing Event O will result to a compensation of two weeks, which is just sufficient to compensate for the weeks lost in extending Event B. The key player in the success of a project is undoubtedly the project manager. Their roles include managing the project throughout the project cycle, balancing technical, schedule, and cost performance, solving problems expeditiously as they arise, and inspiring and motivating the entire team (Forsberg, Mooz, & Cotterman, 2005). With a project as extensive and large scale as the one described above, a project manager needs to have the right skills and tools in facing and overcoming the many different challenges that such a project can produce (Elearn Limited (Great Britain), 2005). One such challenge would be that project teams may be geographically dispersed. Since projects are usually collaborative efforts, different team members may be physically located in locations that may cause logistic challenges (Kerzner, 2009). Thus, a project manager must know how to ensure that logistic considerations are put in place when scheduling required events. Another problem that a project manager may face is the challenge of overbooked and mismanaged resources. Due to certain shortcoming, project teams may not have accurate information about their resources and what they are working on (Archibald, 2003). Some project teams may have more demand for projects than they have team members to execute the projects. Thus, a project manager has to be aware of these limitations and be alert enough to compensate

Enterprise Risk Management at Google Research Paper

Enterprise Risk Management at Google - Research Paper Example Google has emerged as the front-runner in the market through its search engine and despite the present recessionary trends, the Company reported gross revenues for the third quarter of 2008 of $5.4 billion, which reflects an increase of 3% compared to the second quarter of 2008 and an increase of 31% compared to the same period last year (www.google.com/ financial release). But the Company also faces an increasing level of challenges on grounds of privacy and cultural issues on its websites.   ERP has been defined has been defined as â€Å"the discipline by which an organization in any industry assesses, controls, exploits, finances, and monitors risks from all sources for the purpose of increasing the organizations short- and long-term value to its stakeholders.† (www.casact.org, p 10). Before many of the accounting scandals such as the one at Enron erupted, risk assessment standards were considered a separate niche from regulating and auditing standards. But this has now been made a part of corporate governance, which is important in ensuring the economic health of corporations. Including risk assessment as a part of corporate governance provides investors the opportunity to periodically assess any potential risks that may arise. The Treadway Commission (COSO) issued a landmark report, in which it identified internal control measures that were necessary to ensure financial accountability and transparency in corporate governance. The three primary objectives of internal control according to this report are: 1) efficient and effective operations, (2) accurate financial reporting, and (3) compliance with laws and regulations.     

Airplane Accidents, who is Responsible, and do the Victims deserve Annotated Bibliography

Airplane Accidents, who is Responsible, and do the Victims deserve Compensation - Annotated Bibliography Example The article was published on a reputable and as such, it went through a review process, which makes it a credible source for information. Hence, this article is useful in the analysis of who should be held accountable for the airplane accidents. Additionally, it has given some valuable information on the major causes of the airplane accidents compared to other sources in this annotated bibliography. Furthermore, the article is reliable because it gives information about a practical airplane accident, with reference to the Ethiopian airline case. Moreover, as a member of the British Investigation Board, the author has first-hand account and information regarding the causes of airplane accidents and human issues involved such as compensation. The article is very objectives as it explains in detail what the persons responsible for the accident planning to do for the victims of the accident. The article fits the research because it provides the information about the causes of the airplane accidents. It engages in conversation with other sources as it argues about the same issue of the causes of the airplane accident. In addition, it raises the issue of compensating the victims, which is the main focus of my research. The source presents the accident of Boeing737 airplane and focuses on its safety records from the time it was manufactured, as well as the design integrity of the manufacturing company. It gives details on several incidences where the Boeing 737 showed various weaknesses that could have resulted in its accident. Such integrity is demonstrated in areas such as the fuselage skin and the engine design. It further gives the history of the design model since 1960s and how the Boeing manufacturing company had been using the same models, which could have been the cause of the accident.  

Language & Cross-cultural Communication Essay Example | Topics and Well Written Essays - 3000 words

Language & Cross-cultural Communication - Essay Example As defined by Schà ¼tz (1972), this essay proceeds from an understanding of intercultural communication as embedded in all forms of cultural discourse, and advances a hybrid structural and sociolinguistic analytic framework, incorporating both qualitative and quantitative methodology in analyzing intercultural communication within social networking sites, with particular emphasis on Facebook, Chinese, and French versions. The quantitative analysis contained herein requires comment. Over a course of a week participants were monitored and the newsfeed and wall-postings from a sample Facebook account were recorded. A series of five participants were also interviewed regarding their forms of communication on Facebook. Further elements of intercultural communication were analyzed on an individual basis and qualitative analyses were conducted and compared with contemporary research on the issues of language, identity and social capital. While such an approach allows for a level of sample bias, it does allow for a micro-level sociolinguistic analysis where past studies have opted for macro discussions. The nature of Facebook also allows a uniquely convenient means for sociological analyses that in non-electronic subcultures requires extensive means and human organization. Further research was conducted in the realm of morphology to determine the extent to which linguistic shifts have occurred as a result of the recent emergence of Facebook as a major means of social communication. With the fast technological development of web 2.0, social networking sites have gained worldwide popularity at a fast speed. Most SNSs allow individuals to present themselves through profiles, articulate their social networks by participating in group activities, and establish or maintain connections with strangers based on common interests, shared views, or interactive activities (Scale,

You Have read about HITECH Act,HIPAA,ARRA,and electronic Essay

You Have read about HITECH Act,HIPAA,ARRA,and electronic signatures.Summarize the intentof one of these laws and its impact on your practice - Essay Example Such HIT includes electronic health records and secure and private exchange of electronic health information (McGonigle & Mastrian, 2015). McGonigle and Mastrian (2015) outlines that, in subtitle D, the HITECH Act addresses and states the security and privacy concerns linked with the electronic transmission or diffusion of health information. In part, the Act has numerous provisions that reinforce the criminal and civil enforcement of the HIPAA rules. These provisions have a great impact on health provision and general healthcare. As a records nurse practitioner and officer, I am greatly influenced with the HITECH Act. I am involved in numerous exchanges of health care records and information. My work must be discrete and private to ensure security of healthcare information and patients’ health records. Through the Act, I now exercise more caution and care to ensure that the electronic health information and files do not land in wrong hands. In its section, there are penalties for violation of the Act. The regulations and penalties ensure that practitioners, particularly in health records, cautiously carry out their work diligently to ensure and enhance the safety and security of health information and patients’ health records (McGonigle & Mastrian,

Lord Byron’s Don Juan Essay Example for Free

Lord Byron’s Don Juan Essay Lord Byron’s Don Juan is a satirical poem that offers a seemingly comical and serious outlook of sexuality. In three different sexual relations in three different places, the events that surround Don Juan are both laughable and questionable. From an early affair with Donna Julia, to an innocently, beautiful engagement with Haidee and finally an unfulfilled and avoided relation with the Sultana Gulbeyaz, Don Juan escapes through the clutches of love with shattered innocence, a broken heart and near fatal eroticism. â€Å"As Byron’s satiric genius developed, it tended to employ less and less of the traditional axe-swinging of the neoclassic satirists and to approach more and more the mocking and ironic manner of the Italian burlesque poetsFinally, when his satiric genius had fully ripened, Byron found complete expression in serious and social satire† (Trueblood, 19). From an early age, Don Juan was destined to wander through a maze of sexuality. One can see this unfolding by merely looking at his parent’s marriage. Let us first look at Don Juan’s parents, Don Jose and Donna Inez. Byron presents the couple ironically and comically. Donna Inez, â€Å"morality’s prim personification perfect past all parallel† (Byron, I, 16-17), still is not good enough for Don Jose. A man with a greater concern for women than knowledge, Don Jose is not a particularly admirable father figure. He lacks respect for his wife, and â€Å"like a lineal son of Eve, /Went plucking various fruits without her leave† (Byron, I, 18). This allusion to Don Jose being a son of Eve is somewhat accurate and satirical. Like Eve, he is careless and unaware of the consequences of his actions. However, as Eve’s son, the offspring of God’s beautiful creation, Don Jose is given holy qualities. He cannot be blamed for his actions, and for a long time, Donna Inez blinds herself from his wrongdoings and maintains their marital status. Their relationship is practically pointless; a mother and father that wished each other dead, not divorced. The unification of Don Jose and Donna Inez is a comical union. â€Å"What men call gallantry, and gods adultery, / Is much more common where the climate’s sultry† (Byron, I, 63). The two reach a point where they canno t stand each other, yet for some reason, they stay together. At the same time, marital disputes and infidelity make for no laughing matter. They were, and continue to be, problems for couples all around the world. Byron depicts Don Jose and Donna Inez at each other’s throats, but still sleeping side by side. To further solidify ironic humour, when their divorce inevitably approaches, Don Jose falls ill and dies. His death right before getting divorced symbolizes the death of marriage. Byron might be poking fun at the fact that more and more marriages end in divorce, and that the fire shared by ‘soul mates’ typically burns out. Despite being an unfaithful and uncaring father, the narrator paradoxically calls Don Jose an honourable man. The death of the father creates increased duties for the mother. Donna Inez decides to enlighten Don Juan with the teachings of art and sciences, but in doing so, neglects teaching him the basic facts of life. Someone uniformed about basic life necessities is at risk of not knowing how to act and react to certain situations. Though Don Juan does not attempt to manipulate those around him, his lack of direction leads him to being a victim of a harsh, unforgiving world. â€Å"Ladies even of the most uneasy virtue / Prefer a spouse whose age is short of thirty† (Byron, I, 61). This is a bold statement from the narrator, but it is certainly the case for Donna Julia, Donna Inez’s friend. She falls for the young and handsome Don Juan when he turns sixteen, though her affection started before then. Donna Julia is seven years older than Don Juan. Her love for the young lad is both comic and paedophilic. Donna Julia unsuccessfully resists temptation, and eventually takes Juan’s innocence and sends him along a path of sexual confusion. As the narrator states: â€Å"Even innocence itself has many a wile / And will not dare to trust itself with truth, / And love is taught hypocrisy from youth† (Byron, I, 72). Her inability to resist Don Juan is satirical for he is sexually inexperienced. Being sexually unsatisfied, one would think Donna Julia would pursue a lover with sexual experience. Her longing for such a young man is bizarre a nd questionable. â€Å"Byron seems to the think temptation integral to creation, and fall the inevitable consequence of temptation† (Ridenour, 29). For Don Juan, an impending relationship with Donna Julia is most appealing, but in turn, it is the start of spiralling, sexual journey. â€Å"Oh pleasure, you’re indeed a pleasant thing, / Although one must be damned for you no doubt† (Byron, I, 119). Unfortunate consequences of plentiful pleasure tend to follow Don Juan around. His romance with Donna Julia is of short lived passion. One November night, Don Alfonso’s suspicions reach a new height and he confronts Donna Julia in her suite. The season is significant; November represents the conclusion of fall and an approaching winter. The trees lose their leaves, plants and shrubs dwindle and the days get shorter and colder. These events can be compared to Don Juan and Donna Julia’s relationship, as its fire is extinguished by an upset Don Alfonso. â€Å"Man is chained to cold earth and is able to alleviate his sufferings only by his own efforts – by love and glory and, as we learn in the second sta nza, by poetry. This very poem is presented as an attempt to give color, form, warmth to a world naturally colorless, indefinite and chill† (Ridenour, 33). This thought can also be applied to Donna Julia, who was brightening her world with the young Don Juan. Though she promised Don Alfonso to never disgrace the ring she wore, she falls victim to the fact that â€Å"pleasure’s a sin and sometimes sin’s a pleasure† (Byron, I, 133). Donna Julia acts like a double-edged sword when confronted by Don Alfonso. She gets upsets by his unfaithful accusations, while the whole time, Don Juan is hidden beneath a pile of clothes. â€Å"Satire was Byron’s natural and habitual response to censure and injury† (Trueblood, 20). In the end, Donna Julia is left emotionally hurt and displaced, while Don Juan barely escapes from a physical punishment. Don Alfonso is left betrayed, deceived and not knowing where to turn. The first canto ends with the same disheartened feeling: â€Å"All things that have been born were born to die, / And flesh (which Death mows down to hay) is grass† (Byron, I, 220). The allusion of De ath mowing the grass of life is comic and serious. Humans age from year to year and their health eventually deteriorates. The same can be said of Don Juan’s sexual relations. â€Å"In Don Juan, Byron uses almost every possible variation of epic tone, from the frivolous to the almost entirely serious† (Clancy, 63). The tone takes a turn for the worse when Juan is involved in a shipwreck. He manages to get aboard a longboat and escape the capsizing ship. Juan’s luck only lasts so long for his tutor, who boards the longboat only to be eaten several days later. Just when Juan appears on the brink of death, he floats to safety clutching an oar. The oar can be seen as an obvious phallic symbol, and in turn, it leads Juan to his first true love, Haidee. â€Å"Amidst the barren sand and rocks so rude / She and her wave-worn love had made their bower† (Byron, II, 198). The setting of their relationship is perfect, for it is both beautiful and dangerous. â€Å"As Byron is careful to point out, it is here, on a coast whose perils have been repeatedly emphasized, that the peculiarly harmonious and ideal love of Juan and Haidee is consummatedâ₠¬  (Ridenour, 44). The love of Juan and Haidee has a quality of magnificence which Don Juan and Donna Julia lacked. The two are portrayed as soul mates that happened upon each other. They were brought together in a stroke of luck and when their union is denied â€Å"the power of love sours to lust, sex hatred and leering prudishness. What is true love is equally true of the other passionsThe attempt to contain the passions and stop the flow of life always defeats itself in some manner. This is the particular form which the standard satiric plot takes in Don Juan† (Kernan, 93). Though Haidee and Juan were meant for each other, Lambro interferes and puts an end to their relationship. He ruins the purity of love, which had ironically been washed up on a beach. Lambro puts Juan into slavery, and furthermore, causes his daughter’s coma and eventual death. Had he accepted the unification of Juan and Haidee, life in general would have been happier, gayer. Violence and disorder lurk behind tranquility and harmony, and the tranquil and harmonious are fated inevitably to dissolve again in the violent and chaotic. This is an immutable law of Byron’s world. Haidee was, â€Å"Nature’s bride† (Byron, II, 202), and the love she shared with Juan is contrasted in its naturalness with the unnatural situation of woman in society. Their union is almost an act of natural religion. (Ridenour). Mary Grant places Don Juan â€Å"among the different kinds of humor, the mild and pervasive type of Socratic irony, subtle in its half-laughter and half-earnestness, harmonized best with the ease of affability of the sermo, its change of tone from grave to gay, its arts in the absence of art† (Ridenour,10). Don Juan is brought to a slave market in Constantinople and bought by a eunuch for the Sultana, Gulbeyaz. The eunuch, Baba, can be seen as a sinister and dangerous character. â€Å"The technique of associating the subject to be ridiculed with sexual impotence is, of course, a traditional one; but the connection between impotence and lust for power exists on a much deeper level than that of mere invective† (Ridenour, 12). Baba’s sexual life has been obliterated, and his condition foreshadows a drastic change to Don Juan. This is fulfilled when he is brought to the palace and immediately dressed in woman’s clothing. Juan’s gender rearrangement is ironic, and turns bizarre when Gulbeyaz demands him to make love to her. As he is still in mourning for losing Haidee, Juan refuses and bursts into tears. â€Å"In the accounts of his [Juan’s] relations with women, he is not made to appear heroic or even dignified; and these impress us as having an ingredien t of the genuine as well as of the make-believe† (Eliot, 97). His actions at first infuriate the Sultana, then she feels compassion, and eventually she cries. Juan is displaced from a man to a weeping woman, while Gulbeyaz turns from a demanding woman to an apathetic female. Communication between the two is short lived as the sultan approaches the castle. Upon seeing Juan, the sultan states: â€Å"I see you’ve bought another girl; ‘tis pity / That a mere Christian should be half so pretty† (Byron, V, 155). The sultan, who has four wives and undoubtedly several mistresses, comes off as a fool for not noticing that Juan is a male. We can laugh at his blindness, but at the same time, one can only wonder what else he does not see. In Canto I we have the amusing account of the genealogy of Don Juan. Then there is a description of the first of Juan’s amours, the Julia episode. Canto II continues Juan’s adventures, including his shipwreck and subsequent love affair with Haidee. In Cantos III and IV the passionate roma nce of Haidee and Juan comes to its tragic end and Juan is soon embroiled in the ludicrous seraglio escapade which occupies the whole of Canto V and is concluded in Canto VI (Trueblood, 5). Through these episodes, Byron uses satire to portray sexuality in a comical and serious manner. â€Å"The poem is a satire on the romantic cult of passion and on the natural man whose passions are his only guide from his proper woes† (Clancy, 53). Don Juan is sent on a rollercoaster of sexuality: paedophilic love, true love ending in a broken heart and then a confusing, uncertain relation. Through hardships and endeavours, Don Juan comes out a stronger man. From the first six cantos, one can conclude that â€Å"love, which should be a means of overcoming self, of living in and for another person, is itself egotistic. The remedy merely aggravates the disorder. It is the same paradox which, in other terms, we have met so often before† (Ridenour, 75). The comedic yet serious portrayal of sexuality makes Don Juan one of the greatest satires even written.

Peace And Stability In Afghanistan Politics Essay

Peace And Stability In Afghanistan Politics Essay Even after almost eight years of international communitys efforts in Afghanistan the instability and turbulence has increased rather than abated. Not only has Afghanistan seen ever increasing levels of violence and loss of life the virus of instability and culture of violence has also spread across the Durand line with hardly any silver line on the horizon. A deadly insurgency, higher opium production, increasing civilian casualties, rampant corruption, an unstable neighbourhood and an uncertain political future remain the defining features of the complex and combustible situation that obtains in Afghanistan. Much of the initial euphoria generated after the fall of Taliban in 2001 has dissipated and those advances made in the fields of education and womens rights have been overshadowed. The prospects for preventing Afghanistan from being sucked into this whirlpool of chaos appear bleaker than ever.  [1]   2. Americas Af-Pak policy which was announced in end of March 2009, needs to be scrutinised to gauge its progress and success or otherwise. The main pillars of this strategy were based on not only in increase of force levels but also on increase of the resources devoted to economic development and coordination among international donors building Afghan governing structures primarily at local level reforming the Afghan government expanding and reforming the Afghan security forces and trying to improve Pakistans efforts to curb militant activity on its soil. The strategy also included negotiations with Taliban figures that were willing to enter the political process. After the Presidential election there is a need to again review the security, governance and development and aid structures and delivery mechanisms. 3. Major factor impacting the situation in Afghanistan is the continued resurgence of Taliban due to a host of contextual factors. The Taliban is estimated to have a permanent presence in 72 per cent of Afghanistan; its hold being strang not only in its bastions of the South but also in the East, where it literally runs a parallel government. Moreover the insurgency is spreading in a manner in which it has begun to ring the capital city of Kabul, with three of the four main roads leading to Kabul being rendered ensafe for Afghan or International travel. Successes against the Taliban, whether military or of winning hearts and minds have been limited as the Taliban appear to be striking at will with lethal forcw and is increasingly successful in the propaganda war. 4. Governance is another area where the noramal populace has been disillusioned with current dispensation. Endemic corruption plaguing much of the government machinery, especially the police and judiciary, both of which effect the evreryday life of the common man, has undermined credibility of the elected government and helped build up a degree of local support which stems more out of the Talibans ability to fill in the governance vacuum as opposed to ideological support for their cause. 5. Developmental aid has been delivered to Afganisthan in vast quantities but it is not visible on the ground. Fruits of this aid have yet to be tasted by the common people. Bonn process was followed by London Compact and there is an Afghan National Development Strategy (ANDS) for 15 years ahead but the timelines and benchmarks outlined in the same have not been adhered to. And the economic aid promised to realize the ANDS has also not been delivered whereas there is a massive spending by the NATO and Coalition forces to the tune of about US $20 billion a month. 6. How can, therefore, the international community improve on the delivery mechanisms and implementation measures? This remains one of the key questions in the current conundrum of security and development complicated further by weak governance. Surge indevelopment and aid funds and personnel planned as part of the Af-Pak strategy may help but some of the contextual core issues would yet need to be addressed before a positive outcome could be expected. 7. Looking at a wider perspective, how do the regional stake holders view the Afghan imbroglio? How can their varying perceptions be reconciled for the cause of common good? 8. Further, the presence of safe havens in Pakistans lawless frontier regions have played a seminal role in sustaining the insurgency in Afghanistan and fuelling instability in Pakistan, thus making it impossible to visualize a solution to the Afghan quagmire in isolation. 9. Given the above background what could be alternative future scenarios in Afghanistan say in next 4 to 5 years time and 8 to 10 years time keeping in mind the trends and drivers and possible triggers? Based on the emerging scenarios what should be the international communitys policy and strategy choices to ensure a favourable outcome? A broad range of critical issues affecting the Afghan environment need to be examined before a determination as to how to proceed further can be made. 10. Broadly, therefore, the seminar on peace and stability in Afghanistan and the way ahead is built around four themes of security, governance and examination of likely future scenarios and offering recommendations for policy and strategy choices which can be made now so as to move towards a better and brighter future for Afghanistan and in effect for rest of the international community. METHODOLOGY Statement of Problem 11. To analyze the effects of likely political instability in Afghanistan post withdrawal of International Security Assistance Force (ISAF) and its implications for India and policies that India needs to adopt to deal with this problem. Justification of Study 12. United States is increasing getting impatient in the affairs of Afghanistan wherein its policies are not delivering the desired results. It is likely to reduce its foot prints in that country and has accordingly set a deadline for withdrawal of ISAF. 13. The goal of US in Afghanistan is to defeat Al Qaeda and deny them the bases in that country, so as to improve its own homeland security. As per US, achievement of this goal is not dependent on creating an environment of political reconciliation in Afghanistan, which is difficult and time consuming. Rather its goal can be achieved by entering into an agreement with one entity: Taliban, who may agree to keep Al Qaeda out in exchange of returning back to power. Hypothesis 14. The return of Taliban or any civil war post de-induction of ISAF would hurt India dearly. India would prefer a sovereign, democratic secular Afghanistan which is not under the influence of powers inimical to our interests. 15. Therefore, India must ensure that the world community does not abandon Afghanistan at this crucial juncture and continue to provide for its political reconciliation and rehabilitation. In this regard, deployment of UN sponsored security forces with a much larger agenda than the ISAF is looked into, so as to allow the country to become strong both politically and economically. Methods of Data Collection 16. The study is primarily based on information gathered from books written by prominent Indian, foreign authors as well as information available on the internet. There has also been an attempt by me to analyse the events as they have unfolded and suggest possible options and own responses. Other sources of information are articles written in Indian, Pakistani, Western newspapers and news services such as the CNN and BBC as well as some defence journals. A bibliography of the sources is appended at the end of the text. Afghanistan being a very current topic has undergone a series of ups and downs during the course of my preparation of the dissertation. The Bonn Agreement is very relevant in todays context and is also attached as an appendix. Scope 17. The study will be covered under the following heads:- Chapter I Introduction Chapter II Geo strategic importance of Afghanistan to India Strategic location of Afghanistan Key to Energy Security Pakistans desire of achieving strategic depth by having control over Afghanistans polity Chapter III Brief history of Afghanistan post 9/11 Defeat of Taliban and set up of new Government Role of Pakistan in combating terrorism Chapter IV : Present imbroglio in Afghanistan. Failure of US policies in Afghanistan Growing frustration amongst US and NATO forces Poor governance by Karzai and growth of Taliban Chapter V : Likely Future Scenarios and Implications for India Withdrawal of US forces and re emergence of Taliban Depletion of US footprint and renewed violence Pakistan getting foothold in Afghanistan and involvement of Al Qaida in Kashmir Indian involvement reduced with a hostile government in Afghanistan Chapter VII Options Available To India Make efforts to ensure continuous presence of International security force in Afghanistan Involving UN in peace establishment in Afghanistan Continuing support to government in Afghanistan by undertaking rebuilding projects Chapter VIII : Conclusion. CHAPTER II BRIEF HISTORY OF AFGHANISTAN POST 9/11 OP Enduring Freedom On September 20, 2001, in the wake of the September 11 attacks, US President George W. Bush delivered an ultimatum to the Taliban government of Afghanistan to turn over Osama bin Laden and al-Qaeda leaders operating in the country or face attack. The Taliban demanded evidence of Bin Ladens link to the September 11 attacks and, if such evidence warranted a trial, they offered to handle such a trial in an Islamic Court. The US refused to provide any evidence. Subsequently, in October 2001, US forces along with UK and coalition allies invaded Afghanistan to oust the Taliban regime. On October 7, 2001, the official invasion began with British and US forces conducting air strike campaigns. Kabul, the capital city of Afghanistan, fell by mid-November. The remaining al-Qaeda and Taliban remnants fell back to the rugged mountains of Eastern Afghanistan, mainly Tora Bora. In December, the US and her allies fought within that region. Its believed that Osama bin-Laden escaped into Pakistan duri ng the battle. In March 2002, the United States and other NATO and non-NATO forces launched Operation Anaconda in the hopes that theyll destroy any remaining al-Qaeda and Taliban forces in the Shahi-Kot Valley and Arma Mountains of Afghanistan. The Taliban suffered heavy casualties and evacuated the region. The Taliban regrouped in Western Pakistan and began to unleash an insurgent-style offensive against the United States and her allies in late 2002. Formation of Civialian Government After Operation Enduring Freedom, Mujahideen loyal to the Northern Alliance and many other groups mustered support for a new government in Afghanistan. In December 2001, political leaders gathered in Germany to agree on new leadership structures for Afghanistan. Under the Bonn Agreement, an interim Transitional Administration was formed and Hamid Karzai was named the Chairman of a 29-member governing committee. On 13 June 2002, the Loya Jirga, appointed Karzai as the Interim President of the Afghan Transitional Administration.[28] The former members of the Northern Alliance remained extremely influential in the new dispensation. Hamid Karzai won the 2004 presidential election, and became President of the Islamic Republic of Afghanistan. He defeated 22 opponents and become the first democratically elected leader of Afghanistan. Although his campaigning was limited due to fears of violence, elections passed without any significant incident in spite of a surge of insurgent activity.] 6. After Karzai was installed into power, his actual authority outside the capital city of Kabul was said to be so limited that he was often derided as the Mayor of Kabul. The situation was particularly delicate since Karzai and his administration had not been equipped either financially or politically to influence reforms outside of the region around the capital city of Kabul. Other areas, particularly the more remote ones, were historically under the influence of various local leaders. Karzai started making attempts to negotiate and form amicable alliances with them for the benefit of Afghanistan as a whole, instead of aggressively fighting them and risking an uprising. CHAPTER III BEGINNING OF CHAOS Americas Miscalculation President Bush, speaking at the Virginia Military Institute in the spring of 2002, proposed a Marshall Plan for Afghanistan and its neighbours that added up to state-building on a regional scale. But the post 9-11 Pentagon long stuck with a narrow, or sharp focus on wiping out Al Qaeda and the Taliban, with a corresponding under-focus on long-term development. Other agencies of the US Government struggled to advance their programs with little coordination either with the Pentagon or with one other, and with much micro-managing by e-mail from offices in Washington. But even had the Pentagon gotten it right or the other agencies been better coordinated, the program would still not have worked, for US policy (and UN policy as well) suffered from a birth defect. When the US finally toppled the Taliban, Tajiks from the Northern Alliance took control of Kabul. In a winner-take-all move, they immediately packed the government with their own supporters and relatives, to the exclusion both of Pashtuns, the largest group in the population, and minority Shia Hazaras. Eager to sidestep all dissension, the UNs Bonn meetings in December, 2001, ratified this dangerous status quo, while the Emergency Loya Jirga, held in June, 2002, then ratified the Bonn conferences mistakes. While U.S. officials talked bravely of working the situation, Northern Alliance leaders in Kabul effectively consolidated their hold on power. Marshall Fahim, confirmed in Bonn as Afghanistans Minister of Defense, kept his own militia lodged in the capital and cut personal deals with like-minded warlords elsewhere, greatly complicating the task of building a national army. Worse, he and his family seized control of key markets and other assets to create their own income stream, independent of Karzai and the Americans. Many Pashtuns, as they watched this unfold and noted their fellow-Pashtun Karzais inability to counteract it, went into a sullen opposition. A few resorted to armed opposition. Since most Taliban leaders had been Pashtun, this gave the appearance of a Taliban revival. In fact, it was worse, a new movement of Pashtuns and other groups aggrieved over having been excluded from the post-Taliban order. Because the US backed Karzai, they blamed their own marginaliza tion on America. This bitter mood gave rise to a new opposition and new insecurity. Charged with rooting out remnants of Al Qaeda and the Taliban, the US worked with whatever forces were at hand, including warlords, postponing to a later phase the achievement of balance within the Kabul government and the consolidation of state institutions. Light Footprint. Afghanistan was the least resourced of any American led nation building operation. There are 1.5 international soldiers for every 1000 persons in Afghanistan compared to 20.5 per 1000 in Kosovo, 19 in Bosnia, 10 in Sierra Leone and nearly 4 in Haiti. Post conflict stabilization operations require more troops and longer time than to win the initial fight. In fighting, firepower and technology enable smaller, more agile forces to prevail. But in post conflict stabilization and reconstruction, there is a need for more ground troops, money and time. Low levels of investment in military power and economic assistance in post conflict reconstruction lead to a low level of security, ineffective governance and poor economic growth. From the outset, two contradictory concepts drove international intervention in Afghanistan. The country was described as the major front of a global war on terror, yet the intervention was light footprint engagement. This light footprint continued to impair every aspect of reconstruction of Afghanistan .Taliban was removed from power, but neither their potential to return nor their external support was addressed. The focus on accomplishing short term security goals undermined the efforts at establishing positive long term trends. Mis governance The general opinion in Afghanistan is that the insurgency is rising because the people have lost faith in government. The security forces have failed to protect local villages and the institutions struggle to deliver basic services. The patience of people with government is breaking down and it in turn is favouring the return of Taliban. The afghan government had difficulty providing essential services to the population, especially in rural areas of the country. As per a World Bank report, the main beneficiary of assistance was the urban elite. This triggered deep seated frustration and resentment among rural population. The government suffered a number of systematic problems and had difficulty attracting and retaining skilled professionals with management and administrative experience. Due to lack of investment and poor maintenance only 6% of the population received electricity. Most efforts were to supply electricity to the urban areas and not to the rural areas which were falling to Taliban. The Afghan government faced challenges providing security outside of the capital. A major reason was the poor state of the Afghan national police. The result was weak security apparatus that could not establish monopoly of the legitimate use of force within the country. The police was not an international priority after the overthrow of the Taliban regime and they received significantly less money and attention than the army. The Afghan police was needed to help establish order in urban and rural areas, but they were heavily out gunned by the insurgent. The police force was plagued with corruption and lacked semblance of a national police force. Pakistani Dimension Pakistan has played a very strong role in Afghanistan in the last three decades, unfortunately, it has been a very negative role. With the fall of Taliban in Afghanistan, Pakistan lost its political clout in that country but it retained its links with the Taliban and actively assisted insurgency in Afghanistan It was only due to intense pressure from America that Pakistan reluctantly agreed to stop aid to Taliban. However, as it became clear later that Pakistan was not committed to end terror. Pakistan decided to hold talks with the militant leaders in Swat and offered to stop all military actions against them. This further fuelled insurgency in Afghanistan and increased attacks on US and NATO forces. Revival of Taliban Almost five years after the defeat of Taliban regime, there was a resurgence of Taliban in 2006. Their return could be divided into three stages through which the group gradually gained momentum especially at the last stage that started in 2006. The first stage, from 2002 to 2003, had a relatively tangible lull. However, there were some small bombings from time to time. In 2003, the Mullah Mohamed Omar launched a new Jihad council comprising of ten military leaders of Taliban. The group could achieve this essential military restructuring cashing in on the US shift of focus towards Iraq. The second stage, from 2004 to 2005, witnessed a number of remarkable activities and developments in tactics of fighting, types of weapons, and the groups deployment in several areas.The Taliban started to carry out some military operations in daylight and managed to fully control some remote areas of south Afghanistan.The third stage, from 2006 to 2007, marked the overwhelming return of the Taliban. The year 2006 was the bloodiest one since the fall of the Taliban, as more than 4, 000 were killed, including one third of civilians. The British-American council for media security reported in a comparison between the years 2005 and 2006 that there was an increase in the attacks on the NATO forces from 900 in 2005 to 2500 attacks in 2006. One of the major achievements of the Taliban in this period of time was that they managed to run peoples affairs in some southern areas establishing a good network and friendly relationships with the residents of the south. Taliban Strategy. Analysts pointed out that Taliban had established a two pronged strategy in Afghanistan. First to re establish its authority over the southern provinces around its former headquarters in Kandahar and second to destabilize a ring of provinces around Kabul. CHAPTER IV US EXIT POLICY AND LIKELY FUTURE SECURITY SCENARIOS Af-Pak Policy On 23 January,2009, American President Mr Obama announced his Af-Pak policy wherein he stressed that his administration was committed in refocusing attention and resources on Afghanistan. The salient features of his policy were: Appointment of special envoy Mr Richard Holbrooke to Pakistan and Afghanistan to help lead US effort to forge and implement strategic and sustainable approach to the region. Pakistan told to destroy the safe heavens for Al-Qaeda and Taliban in the tribal areas bordering Afghanistan. Deployment of 17,000 additional troops in Afghanistan to improve security situation. The American President had laid out a very bold and responsible policy to counter the resurgent Taliban insurgency in Af-Pak region. However, within a short span of one and half years the American policy has undergone a complete change with President himself laying down the withdrawal plan of ISAF( International Security Assistance Force) and the Secretary of State , Mrs Hillary Clinton stressing the need to reintegrate the insurgents in the political mainstream of Afghanistan. This dramatic turnabout of American plans regards Afghanistan is due to various factors, American Losses. The American or the NATO losses have been increasing and with every passing year the Taliban is becoming stronger and stronger. Even though more and more troops have been deployed and more money pumped in but still the attacks on the ISAF are only increasing. The Taliban tactics have now graduated to frontal attacks on US outposts. US Goals in Afghanistanà ¢Ã¢â€š ¬Ã‚ ¦.There is a profound confusion in America regarding what US goals in Afghanistan ought to be and what the means for resolving those goals should be? The debate is on whether US should focus narrowly on issues of counter terrorism or should they focus on counter terrorism and counter insurgency. It is also being debated whether US should really be engaged in business of state building or can workaround by negotiating with adversaries, the Taliban. These debates in domestic politics are turning against an extended and continuing commitment to Afghanistan. Crisis of Resolution The allies are tired of the Afghan commitment, because they do not understand how the struggle that is going on, in this far away land has an impact on their own security. The urgency that the world felt on 12 September 2001 has weakened with the passage of time. Afghanistan seems too hard, too complex, and too difficult and as the legend goes would continue to be the graveyard of empires. If this is true than why should we and the international community continue to make commitments to a war that by some iron laws of history is ultimately destined to end up in defeat? (d) Crisis of Resources. America is investing heavily in Afghanistan. There is no gainsaying the fact that the commitments to Afghanistan and Pakistan are costly to the US. In 2010, America has committed $65 billion to Afghanistan. If we take into account the aid to Pakistan, the total comes to $85 billion, these are not small commitments. If the lives of troops, wastage of equipment and wear and tear on forces that have been engaged in this theatre are taken into consideration especially at a time when America is in economic crisis itself and the entire world community is struggling with the global crisis, the cost is phenomenal. Many NATO countries are focused on these costs and argue that a way must be found for a quick exit from Afghanistan. This has made the job of US President more difficult. Choices for America The International community and especially America faces two choices for Afghanistan. The first is to invest and endure in Afghanistan and the second is to improve conditions, in order to exit. These are the two strategic choices that US has to contemplate as it talks about the way ahead, as each strategy has a different consequence. Invest and Endure. If US have to carry out this option, then they have to build consensus domestically and internationally on the enduring importance of Afghanistan. All members of international coalition have to commit to the resources required i.e. military, economic and diplomatic institution. This option of invest and endure cannot simply be a military campaign. It has to be an effort to re-constitute societies by changing the counter-insurgency strategy and focusing more on protecting population and minimising collateral damage. Improve and Exit. In case America and other NATO countries decide to improve the conditions in order to exit they will have to adopt a different strategy. The ideological adversaries will not have to be defeated but only kept at bay for sometime inorder to improve conditions. The investments in the institutions, social welfare and democracy would be minimum. Americans have started to realize that military solution is far difficult to achieve as compared to a political solution. They have started saying for quite some time that they want re-conciliation and talks with Taliban if they can lay down their arms. There have been covert contacts with certain Taliban elements, however, it has not produce any results till now. Even President Karzai has realized the precarious state of ISAF and have himself started wooing the Taliban so that his government can last even after the International forces withdraw. . So without clear success how long will American stay? NATO and Afghanistan have recently agreed to fix 2014 as the deadline for troops withdrawal from Afghanistan in a phased manner. They have also clarified that troops can stay in support role even beyond 2014. However, mounting coalition deaths, growing domestic pressure in NATO countries and the increasing differences between Karzai and the west may change the situation. Also, any major military debacle like, a US post being overrun by Taliban or an air crash with significant casualties may immediately catalyze opposition to war. Even the 2012 Presidential elections may require early troop withdrawal in the there is no clear sign of success. Likely Future Scenarios The debate on likely security scenarios emerging in the region post withdrawal of ISAF is gaining momentum in India. Many analysts have generated three plausible scenarios which are likely to emerge post withdrawal of ISAF from Afghanistan. (a) Scenario 1 US withdrawal or draw down of forces Return of the Taliban It is pointed out that in case of a complete US withdrawal, the probability of return of Taliban is not farfetched, thereby condemning Afghanistan to what US analysts describe as the worst case scenario. This would also lead to an emboldening of the Al Qaeda, instability spreading to Pakistan and Central Asia, thus reducing the region to become a base for Al Qaeda operations. (b) Scenario 2- US limited engagement-proxy warà ¢Ã¢â€š ¬Ã‚ ¦ The most probable scenario beyond 2014 is the reduced US presence in Afghanistan with troops limited to protecting key cities, a shift from overstretched counterinsurgency operations to internal defence. This would allow Pakistan to continue its hedging strategy whereby it will continue supporting the Afghan Taliban to destabilise Afghanistan with the eventual goal of reinstating a pliant regime. Scenario 3- US long term commitments -Building on Afghan state. According to the analysts, this is the best case scenario for Afghanistan, though such a state of affairs is highly unlikely given the reduced public support for the Afghan war in the United States. This would call for additional resources including troops to train and partner with Afghan forces and continuation of the institution building programmes. In this scenario, India could play a long term role in the training of the Afghan national institutions, institutional building political, and security and justice sector reforms. CHAPTER V GEO STRATEGIC IMPORTANCE OF AFGHANISTAN When Allah had made the rest of the world, He saw there was a lot of rubbish left over, bits and pieces and things that did not fit anywhere else. He collected them all together and threw them down on the earth. That was Afghanistan. An old Afghan Saying Geographical Location Afghanistan is a land locked country with Iran to its west, Pakistan to its south and east, China to its north east and the newly independent states of Tajikistan, Uzbekistan and Turkmenistan to its north. Afghanistan covers an area of 245, 000 square miles and is surrounded by two nuclear states, China and Pakistan, a threshold nuclear state, Iran and having three other nuclear powers in its near vicinity, India, Kazakhstan and Russia. This places Afghanistan in a difficult situation with its neighbours as well other regional and non regional powers vying to get a foothold in the country to spread their influence in the region and the subcontinent. It is also the land bridge between South Asia and Central Asia and possibly to Iran as well. Safe Sanctuary for Islamic Fundamentalism Apart from being the land bridge to central Asia, Afghanistan has been a home to the fundamentalist of various hues and colours ranging from the Jihadis from Kashmir to the Uighur separatists. Afghanistan certainly provided a suitable launch pad for such activities in Central Asia, more so when the Taliban was at the helm of affairs. Taliban played host to Al Qaida and its leader Osama Bin Laden The strengthening of links between militant organisations like IMU (Islamic Movement of Uzbekistan), Al Qaida, the Chechen rebels, Uighur separatists and the Taliban, further compounded the security situation in the region. Energy Resources in Afghanistan In terms of natural resources, Soviets had estimated Afghanistans proven and probable gas reserves at up to five trillion cubic feet. However, the production has been affected by years of war, and new reserves are yet to be located due to lack of any serious exploration having been carried out for the last 30 yrs or so due to the prevailing situation. The northern areas adjoining Central Asia have proven reserves of natural gas estimated at 100 billion cubic meters, the Jar Quduk oil and gas complex being a case in point. Afghanistan also has an estimated coal reserve of up to 400 million tons located between Herat and Badakhshan. However, due to the situation in Afghanistan, the production has remained low and unless serious efforts are made in the near future, Afghanistan will continue to play its historical role of serving more as a transit route for others than as an exporter of its own resources. Oil and Gas Pipelinesà ¢Ã¢â€š ¬Ã‚ ¦.The Central Asian republics hold the key to large resources of energy i.e oil and gas. The landlocked nature of these states imposes inherent constraints in unravell

Capital Structures of the Indian Industrial Sector

Capital Structures of the Indian Industrial Sector Chapter 1 INTRODUCTION 1.1 Introduction Capital is the main factor of every industry, a company start with capital and end with demolition of that capital. So the capital and capital structure are one of the most important terms in every business, Companies have been struggling with capital structures for more than four decades. During credit expansions, companies have been unable to build enough liquidity to survive the contractions, especially those enterprises with unpredictable cash flow streams which end up with excess debt during business slowdowns In this research I am going to Exam the changes in the capital structure of Indian industrial sector, with a special reference to Indian textiles industry .The purpose of this paper is to determine whether firm-specific capital structure determinants in the emerging market of India. support the capital structure theories which were developed to explain the company structures in developed economies. In other words, the main motivation for this study is to highlight the role of firm characteristics and industrial sector-specific variables in determining capital structure. This is an attempt to a panel data study of capital structure determinants. Statement of the Problem There is lot of study conducted in the field of capital structure theory but no systematic study with applying econometric model and tools used like panel data are not conducted in India yet. It consist analyzing both time and cross sectional variables. There is No studies are conducted on specified sector. The study by sector wise is more effective than in macro level research which is avoid sector variable. Each industry has its own uniqueness and situations. When taking macro level data set will miss its sector uniqueness. This research is an enquiry through panel data analysis with considering sector as important factors. Specifically researcher tries to answer some questions, firstly which selected factors are more influence in short term leverage of a firm, and which is not influence on it . Secondly long term leverage has any determinate in Indian industry and which factors is more influenced in total debt decision. Also questioned extraneous variable like bank rate, inflation rate can make any impact on capital structure. The researcher conduct a pre study for specifying research problem. Pre study The pre study was conducted by analyzing all companies in india by classify these companies in sector wise. Assigning debt equity ratio as variable for prestudy, by Using cmie and Bloomberg database, researcher collect all companies 5year debt equity ratio and classified them in sector wise. Companies arranged under in a Automobiles ancillaries, Banking, chemical , communication, construction real estate, construction material, consumer goods sector, energy, food Agro, hotel tourism, IT, investment finance, Machinery, metal, mining ,textiles, transport and wholesale re tale sectors. Take 5 year average of all company and find out standard deviation of each sector. The value arranged below table. Table 1.1 .Result of Pre study Sectors Average Debt on equity Standard deviation Automobiles ancillaries index 1.06 3.561244 Banking services index 1.53 0.695391 Chemicals chemical products index 1.53 3.562817 Communication services index 1.54 21.75133 Construction real estate index 1.92 26.57946 Construction materials index 0.77 23.65846 Consumer goods index 1.72 8.326452 Energy index 1.36 2.520609 Food agro-based products index 1.45 7.826624 Hotels tourism index 1.33 18.53691 Information technology index 0.35 1.677905 Investment services index 0.24 1.035782 Machinery index 1.26 7.248118 Metals metal products index 1.3 16.62944 Pharma 1.63 86.75429 Mining index 0.34 6.509317 Textiles index 2.05 167.5378 Transport services index 1.68 2.88037 Wholesale retail trading index 1.68 34.62297 In this table textiles sector have very high debt equity and not ordinary deviation between companies. High standard deviation mean that in textile sector, some companies has very low debt and some has very high. It is india’s one of the oldest and major export sector too. Highest deviation and irregularity in debt is not a better sign. So need an attention on capital strucre determinant of Indian textile sector. Objectives of the study The goal of these studies is analyze various factors determining capital structure in Indian industries. Objective of the study is listed below; it is analyses three econometric model, short term, long term and total leverage of Indian textile sector. 1.2.1. Objective settled on the basis of second model short term debt leverage 1a. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of profitability on short term debt 1b. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of liquidity on short term debt 1c. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Tangibility on short term debt 1d. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Growth on short term debt 1e. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Bank rate on short term debt 1f. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of tax rate on short term debt 1g. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of on short term debt 1h. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of cost of debt on short term debt 1i. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Age of firm on short term debt 1j. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Size of firm on short term debt 1.2.2. Objective settled on the basis of second model long term debt leverage 2a. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of profitability on long term debt 2b. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of liquidity on long term debt 2c. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Tangibility on long term debt 2d. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Growth on long term debt 2e. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Bank rate on long t term debt 2f. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of tax rate on long t term debt 2g. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of inflation on long t term debt 2h. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of cost of debt on long term debt 2i. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Age of firm on long term debt 2j. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Size of firm on long term debt 1.2.3. Objective settled on the basis of Third model total debt leverage 3a. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of profitability on total debt 3b. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of liquidity on total debt 3c. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Tangibility on total debt 3d. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Growth on total debt 3e. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Bank rate on total debt 3f. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of tax rate on total debt 3g. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of on total debt 3h. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of cost of debt on total debt 3i. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Age of firm on total debt 3j. To study and analyses the determinant of a capital structure of Indian textiles sector investigating the impact of Size of firm on total debt Hypotheses The hypotheses of this research are set on the basis of above said objectives. Indian textiles companies on short term debt H01a = There is no significant impact of Indian textile companies’ profitability on short term debt H01b = There is no significant impact of Indian textile companies’ liquidity on short term debt H01c = There is no significant impact of Indian textile companies’ Tangibility on short term debt H01d = There is no significant impact of Indian textile companies’ growth on short term debt H01e = There is no significant impact of Indian textile companies’ bank rate on short term debt H01f = There is no significant impact of Indian textile companies’ tax rate on short term debt H01g = There is no significant impact of Indian textile companies’ inflation on short term debt H01h = There is no significant impact of Indian textile companies’ cost of debt on short term debt H01i = There is no significant impact of Indian textile companies’ age of firm on short term debt H01j = There is no significant impact of Indian textile companies’ size on short term debt Indian textiles companies on long term debt H02a = There is no significant impact of Indian textile companies’ profitability on long term debt H02b = There is no significant impact of Indian textile companies’ liquidity on long term debt H02c = There is no significant impact of Indian textile companies’ Tangibility on long term debt H02d = There is no significant impact of Indian textile companies’ growth on long term debt H02e = There is no significant impact of Indian textile companies’ bank rate on long term debt H02f = There is no significant impact of Indian textile companies’ tax rate on long term debt H02g = There is no significant impact of Indian textile companies’ inflation on long term debt H02h = There is no significant impact of Indian textile companies’ cost of debt on long term debt H02i = There is no significant impact of Indian textile companies’ age of firm on long term debt Indian textiles companies on total debt H03j = There is no significant impact of Indian textile companies’ size on Total debt H03a = There is no significant impact of Indian textile companies’ profitability on Total debt H03b = There is no significant impact of Indian textile companies’ liquidity on Total debt H03c = There is no significant impact of Indian textile companies’ Tangibility on Total debt H03d = There is no significant impact of Indian textile companies’ growth on Total debt H03e = There is no significant impact of Indian textile companies’ bank rate on Total debt H03f = There is no significant impact of Indian textile companies’ tax rate on Total debt H03g = There is no significant impact of Indian textile companies’ inflation on Total debt H03h = There is no significant impact of Indian textile companies’ cost of debt on Total debt H03i = There is no significant impact of Indian textile companies’ age of firm on Total debt H03j = There is no significant impact of Indian textile companies’ size on Total debt Significance and Scope of the study Capital and capital structure are one of the most important terms in every business; Companies have been struggling with capital structures for more than four decades. During credit expansions, companies have been unable to build enough liquidity to survive the contractions, especially those enterprises with unpredictable cash flow streams which end up with excess debt during business slowdowns. So researching about capital structure determinant is important. Especially in current condition, India is developing and emerging market, and also attracting capital with outside capita by ‘make in India’ project. The study significant in recent situation also finds out which factor are more influencing capital structure determinants. The study by sector wise is more effective than in macro level research which is avoid sector variable. Each industry has its own uniqueness and situations. When taking macro level data set will miss its sector uniqueness. This research is an enqui ry through panel data analysis with considering importance of sector. Research design and Methodology This research is designed on the basis of giving importance of sector uniqueness, the study conducted on the base of panel data analysis, which used time and cross sectional factors. 1.7.1 Research Design This research set three econometric models. On the basis of this model three dependants (long term debt ratio, short term debt ratio and total debt ratio) and ten independent variables are created. The three econometric models are for short term debt ratio model lderit=ÃŽ ²0+ÃŽ ²1(prof)+ ÃŽ ²2(liq)+ ÃŽ ²3(tang)+ ÃŽ ²4(gro)+ ÃŽ ²5(infl)+ ÃŽ ²6(bnkrt)+ ÃŽ ²7(tax) +ÃŽ ²8(cod)+ ÃŽ ²9(age)+ ÃŽ ²10(size)+ uit Long term debt ratio model is sderit=ÃŽ ²0+ÃŽ ²1(prof)+ ÃŽ ²2(liq)+ ÃŽ ²3(tang)+ ÃŽ ²4(gro)+ ÃŽ ²5(infl)+ ÃŽ ²6(bnkrt)+ ÃŽ ²7(tax) +ÃŽ ²8(cod)+ ÃŽ ²9(age)+ ÃŽ ²10(size)+ uit Total debt model is derit=ÃŽ ²0+ÃŽ ²1(prof)+ ÃŽ ²2(liq)+ ÃŽ ²3(tang)+ ÃŽ ²4(gro)+ ÃŽ ²5(infl)+ ÃŽ ²6(bnkrt)+ ÃŽ ²7(tax) +ÃŽ ²8(cod)+ ÃŽ ²9(age)+ ÃŽ ²10(size)+ uit Where, Lder=long term debt ratio define by long term debt/book value of equity sder =short term debt ratio define as short term debt/ book value of equity der= total debt ratio estimate by total debt by /book value of equity i= number of companies or panel (175 firms); t= time variable (here 5 years); ÃŽ ²0=stand for model constant; ÃŽ ²1 to 10= co-efficiency of independent variables; Independent variables pro = profitability of firm defined by EBIT/ sales liq= liquidity is by total current asset divided current liability Tang= tangibility, it identified by net tangible asset to total asset gro= growth rate in total asset of a firm infl= economic inflation factors (CPI) bnkrt = bank rate fixed by RBI tax = tax liability defined by profit after tax to profit before tax cod = cost of debt calculated as interest /total outsider liability age =age of a firm; firm older than 10 years give value ‘1’ otherwise ‘0’ size = size of a firm defined by getting natural logarithm of Size ; uit =error term the research designed on the base of above said panel data models. 1.7.2 Sources and Data In this research all data are secondary nature, Data are collected by using CMIE and Bloomberg Database, some variable like bank rate and inflation are collected from Reserve bank of India website. For the research researcher collect five year data of 175 textiles companies which listed in both NSE and BSE are collected. The textiles industry is selected by pre study explained in Para 1.1.1 1.7.3 Data Analysis Data are analysed using panel data methods, which include time and cross sectional factors.. The three econometric models, short term leverage model, long term leverage model, total leverage model are analysed by various panel data tools. For analysing researcher used Stata11 software and Microsoft excel. The tools used for the analysing are listed below: Pooled OLS regression If individual effect ui (cross-sectional or time specific effect) does not exist (ui =0), ordinary least squares (OLS) produces efficient and consistent parameter estimates Yit =ÃŽ ± + Xit ÃŽ ² +ÃŽ µit (ui =0) It used regress a data irrespective of time and cross sectional values Fixed effect Fixed effect models are designed to study the causes of variation within a panel group or entity. a time invariant characteristic cannot used such a changes because each entity is constant for each person. Random effect A random effect model assumes that individual effect (heterogeneity) is not correlated with any regresses and then estimates error variance specific to groups (or times). Breusch-Pagan Lagrange multiplier (LM) Lag model test is a post estimation test it is used for checking randomness in study it assumed that there is no random effect estimates. Mainly used for choose best model, pooled OLS or Random effect Hausman test for fixed effect Hausman test also post estimator test it is used find out fixed effect in estimation. It analyses deviation of Two estimation model fixed and random model, and interpret is there any fixed effect or not. 1.8 Chapterisation This research report consist five chapters , first chapter consist introduction part it is give a basic idea about how the research is designed and including identifying research problem data source a tools used . in this chapter reported objective of the study and various hypotheses set for further research The second chapter is provide literature review, various studies conducted in same area and related area. This is providing a clear idea about previous studies nationally and internationally. So researcher can set research gap through this chapter. The third chapter is belonging to theoretical frame work, various theory related to this research are described there. It is used to providing a clear cut idea about theoretical frame and subject knowledge in researched area The forth chapter is analyses part it detail description of analysis with fixed and random methods and other test used. Fifth chapter is last chapter it consist finding and suggestions in the research . 1.9 Limitation The research study has various limitation are Time span of research is very less, so it is not possible cover all minor part of research area. The panel data collection is crucial stage, the data availability and collecting each and every observation for panel is difficult task The study only five year data it may be influenced extreme variables like economic depression and law changed Lack of knowledge and lack of expert in panel data analyses is limitation in this research Variable, which is not stated in the research may cause to influence dependant variables. Research is may not be free from clerical and human error so its result and interpretation has may vary