Industry Analysis of the Cosmetic Industry Essay

Industry Analysis of the Cosmetic Industry - Essay Example Charles Revson with his brother and the chemist Charles Luchman formed Revlon in the year of 1932. An "L" was added by Luchman in the Revson to name it REVLON. Quality supplies at reasonable prices soon made Revlon a world leader. Under recognized brands such as Revlon, ColorStay, New Complexion, Revlon Age Defying, Almay, Ultima II and Flex Charlie. and Skin lights, made Revlon known worldwide. Revlon sold its goods in approximately 175 countries. A wide range of skin care and sun care products; Ultima II, Vitamin C Absolutes and Eterna 27, were also offered by Revlon. Currently, the main players in the cosmetics game are; Estee Lauder, Elizabeth Arden, Mac Cosmetics, Mary Kay Cosmetics, Avon, Clinique, L'Oreal, Bobbi Brown cosmetics, Victoria Jackson cosmetics everybody's getting into the scenario with their own lines and inventions but controlled by the price factor. The cosmetic industry is vast and creates plentiful jobs because of its cosmopolitan nature. The market is a multi-billion dollar industry and united States own the largest personal product market in the world accounting for 26% of global sales. The main frame of this industry relies on production value, labor production, number of employees, personnel costs and the number of enterprises. Cosmetic science is not only about formulation of a product but also takes an account of intelligent and innovative marketing decisions and cost constraints. It is lucky for the manufacturers to hold the top manufacturers position. Revlon also ruled the industry for a long time but was not lucky enough. Reconsideration, re-evaluation and innovation is the key to success and survival in cosmetic industry. In 1930' Revlon began selling its product through drug and departmental stores. During 50s, the usage of innovative ways of advertisement to gave a boost to publicity and sales. It used television sponsorship and radio ads. The advertisement sector was always supported by Revlon and generated a lot of business. This sector is one of the biggest revenue generator in United States. Advertising campaign "The Most Unforgettable Women in the World wear Revlon" of late 1980s and 1990s became very popular. Advertising the product in an effective manner is the name of the game which Revson introduced and now the industry cannot do without it. During severe financial crises even, Cindy Crawford and Claudia Schiffer were two top models signed up by Revlon. Again in 90s, in spite of loss, the company launched an expensive marketing campaign featuring Halle Berry and Julianne Moore, to boost sales. Revlon has never compromised on advertising a product in an effective manner. Anticipation of new trends brings business to this industry and the foundation of Revlon was based on it. Revlon started with a single product, nail enamel which was never available before. In only six years of new innovations, high-quality marketing strategies, sales, packaging with an effective operating system made Revlon listed in

The Bolivian Election Research Paper Example | Topics and Well Written Essays - 2000 words

The Bolivian Election - Research Paper Example NGOs in emerging democracies are typically funded by non-governmental outsides sources, such as foreign aid or private donors. However, it is possible for an NGO to be partially or even fully government funded. It is important to note that Bolivia became a democratically elected government in 1982. In the first stages of its democracy Bolivia had a very centralized national government, and along with it came much corruption and a general unhappiness of its citizens with democracy. However, in 1994 much of the central power devolved to the local municipalities including the appropriations of funds. This act is known as the Law of Popular Participation. During these times NGOs preformed a vital role in the cross over to the new system. They were often consulted in planning, helped with organization, and educated citizens about the new system (Boulding 461). The article sets out to examine how NGOs can effect political participation in emerging or weak democracies. (Boulding 456) states that NGOs can promote political activity of a country by providing resources, and by making available opportunities for association. When an NGO provides resources to a community, they have the ability to make citizen political participation easier. ... "NGOs, whether they are providing small business training, lobbying for women’s' or indigenous rights, providing health care, or building houses, all involve local interaction between NGO workers, neighbors, and others in the community. By spending time together, talking, and working toward a common project, people (Boulding 456). As evidenced in the previous elections, Bolivia often experience violent elections dating back to 1980s when the country was identified to be politically emotional due to poor leadership and the desire of the incumbent government to rig elections causing uncalled for animosity in the country. The huge funds donated by Europe and the United States since 1980s for the sole purpose of strengthening democracy for instance; through promoting the involvement of civil society in ensuring that peaceful election process. The fruitless efforts necessitated the desire to act on the issues which lead to post election violence so that the problem could be solved permanently through embracing peace and reconciliation (Boulding 456). However, in order to determine the best solution on the same, research had to be carried out to determine the cause and corresponding results of post election violence so that a common objective would be set to avert the post election violence since it had been a routine in the country. However, to ascertain the consequences of post election violence, research process should be continuous since all research outcomes had not achieved perfect solution. Electorates and the corresponding leadership require periodic research processes which corresponds to the current research study (Boulding 459). In the Bolivian history, myriad research processes had

Effect of sleep quality on perceived academic performance

Effect of sleep quality on perceived academic performance Purpose: The purpose of this paper is to study the impact of the quality of sleep of student of premier MBA institutes on their perceived academic performance. This study also aims to establish whether the burnout faced by students behaves as a mediator in the relationship between the sleep quality and the perceived academic performance. Finally, keeping work experience as a moderator, we also aim to study whether students with more than 12 months of work experience show any difference in the results when compared to those with less than 12 months experience. Design/methodology/approach: A questionnaire was designed using 3 pre-existing scales to measure Sleep Quality, Burnout and Perceived Academic Performance. This questionnaire was floated in the electronic format to students of XLRI Jamshedpur and other schools of business in India. A total of 163 students responded with completely filled in surveys. Findings: The study concluded that the Sleep Quality does not have a direct impact on the Perceived Academic Performance in the case of students without work-experience. However, the indirect effect is significant, and Sleep Quality affects Burnout, which in turn has an impact on Perceived Academic Performance. Research limitations/implications: One of the major limitations of the study was that majority of the respondents were from only one Business-school, viz. XLRI Jamshedpur. In order to generalize the result across all B-school students of India, more participants from other B-schools need to be contacted. Also, while the Academic Confidence Scale, used to measure perceived academic performance, is better than using only grades, a better scale needs to be developed to thoroughly measure the performance of students not only in examinations but also in class through learning capacity, etc. Originality/value: Previous studies have identified that there is certainly an impact of duration and quality of sleep on the academic performance of high-school (and younger) students, as well as on the organisational performance of professionals. However, no study has previously been conducted for students of MBA courses. Keywords: Sleep Quality, Perceived Academic Performance, Burnout, Exhaustion Paper Type: Research Introduction As the corporate world begins to get more competitive, greater demands are made by organisations from employees and even more from those in managerial capacities. These demands are met by working professionals who modify their lifestyles in order to dedicate more time and effort towards achieving the high standards set by a demanding corporate world. This includes habits such as skipping breakfast and sleeping less. Such characteristics are observed also among B-school students who live on or near campus. Apart from low duration of sleep, many students also have irregular sleeping patterns and their quality of sleep is often not very high due to disturbances and other reasons. This irregular sleep pattern and low quality of sleep result in a drop in perceived academic performance of students. The high levels of academic rigour encouraged by the premier B-schools of India result in a high requirement of hard work and a very large number of hours per week to be put into coursework. A continued high level of demand can result in students feeling a sense of burning out-which is defined by a drop in motivation levels to work, mental exhaustion and sometimes also leads to students questioning their courses and their own abilities. Irregular and poor quality sleep is likely to result in a quicker onset of burnout among students. It is to be expected that once students start burning out, their performance in class and their confidence in their academic capabilities begin to suffer. Prior studies have observed and established the effect of sleep quality on students of high-school and of younger ages. Some studies have also been carried out on students of under-graduate courses. However, our study is primarily aimed at observing these effects on students of Business schools only. We are also aiming to establish whether or not the burnout level of a student is a significant mediator on the effect of sleep quality on perceived academic performance. Research background and hypotheses Sleep Quality Sleep is a complex phenomenon to measure. Sleep quantity is considered universally as a good measure to evaluate this phenomenon but results indicate that for studies, researchers should use sleep quality than sleep quantity which includes many other factors other than just the duration of sleep (Vail-Smith et al, 2009). In some studies, sleep quality was measured by factors such as sleep environment, noise disturbances, other sleep accessories (Triangle Business Journal, 2010). Many other studies measured sleep by collecting information regarding not just the number of hours of sleep but also time awake in the middle of the night, time taken to fall asleep related factors (Business Wire, 2009) To suit our requirement for measuring sleep quality, Pittsburgh Sleep Quality Index (Sleep Medicine Index, 2010) was used. This index includes not only the number of hours of sleep but also any disturbances in sleep, sleeping waking up time, and the subsequent effects of the sleep pattern on the subsequent days functioning. The Pittsburgh Sleep Quality Index (PSQI) (Buysse et al. 1989a) helps to discriminate between good and poor sleepers. The different dimensions covered by this index are Subjective Sleep Quality, Sleep Latency, Sleep Duration, Habitual Sleep Efficiency, Sleep Disturbances, Use of Sleep Medications, and Daytime Dysfunction. It is comprises of 19 self-rated questions 5 questions that are by a roommate. In the end it generates seven scores by summing up the component scores of the seven components. For our research purpose, we have taken only the 19 self-rated questions only since in the B-School context many students stay in single rooms in hostels. Hence, including the other 5 questions will not aid in the research. For the scale items, see Appendix 1. Burnout No doubt the sleep quality affects the perceived academic performance but it alone will keep the research restricted. Hence, a mediating variable is used to explain the whole effect. So burnout is used as a mediator here. Burnout is a concept that is used mainly in the work related context. It is defined as a syndrome of emotional exhaustion, cynicism or depersonalization, and reduced personal efficacy. Common symptoms of burnout are stress, exhaustion, fatigue, lack of concentration etc. As stated above, usually burnout is used in work related context especially for executives, CEOs etc (Anonymous, 2002); however, we have extended its usage for B-School students as well. Since a B-School environment demands meeting deadlines, toiling hard working for long hours- all of which are reasons that can cause burnout. To measure Burnout, School Burnout Inventory (SBI) is used. This inventory comprises of three dimensions- exhaustion, cynicism towards meaning of school sense of inadequacy. Out of these, only first two namely, exhaustion cynicism are used in our research; inadequacy is not measured since it is not applicable for our sample students. For the scale items, see Appendix 2. Perceived Academic Performance Instead of taking the academic Grade point as a measure of the academic performance of a student, we took the perceived academic performance as an effective construct to measure the capability of a student. Since academic performance means understanding, assimilating reproducing the teachings not getting good grades alone. This has been cited as the militation in many studies before. According to researchers, learning satisfaction from the course sheds more light on the topic of academic performance. (Garger et al, 2010) To measure the perceived Academic Performance for the B-School student, Academic Confidence Scale (ACS) is used. This scale has six factors namely, studying, understanding, verbalizing, clarifying, attendance grades. Out of these, verbalizing clarifying are not very relevant variables in a B-School context since these are basic skills which are expected from all students of B-schools. For the scale items, see Appendix 3. Work Experience as Moderator Research has been done linking sleep deprivation with burnout in corporate environment. The continuous stress that people in jobs feel is more especially at the higher levels in the organization (Anonymous, 2002). This continuous exposure to the high levels of stress gives students with more than 12 months of work experience more ability to handle low quality sleep and therefore, it should not affect their performance. Sleep Quality Burnout Burnout has a variety of causes and symptoms that erode the mental, emotional and spiritual quality of life. (Francis, 2006) Among other symptoms, sleep quality is considered as one of the major symptoms of burnout in humans. During sleep our body releases hormones etc which are used to repair damaged cells etc. Lack of sleep stops this process and hence leads to irritation, frustration, fatigue-all symptoms of burnout (Francis, 2006). Human body has a natural way of relieving stress through sleep (Spencer, 1987). Research has been done linking sleep deprivation with burnout in medical students (Dyrbye et al, 2006) corporate (Anonymous, 2002) but no such study has been done in B-School students. This research gap has been identified used in our model. Burnout and Perceived Academic Performance Students who feel energetic feel the vigour to perform give good academic results compared to their counterparts (Schaufeli et al, 2002). Burnout levels of students indicated by stress, fatigue etc cause low performance by students in academics this result is true not just for people of a particular nationality but has been proved for people of many countries (Schaufeli et al, 2002). This result can be used here as well for linking the burnout to academic performance of B-School students. Since in a B-School environment, there is a high stress work load which causes burnout to a large extend hence can affect the academic performance of the students. Sleep Quality and Perceived Academic Performance In the past, extensive research has been done in the area of sleep affecting academic performance. Most of the students who complained about sleep difficulties showed a drop in the performance compared to the others. (Anonymous, 2008). Regular proper sleep patterns among others are healthy habits which affect the grades a student gets. (Paul et al, 2008). Especially in a college environment, the students who take enough sleep, tend to score better than the others who sleep less. (France. 2009). Sleep patterns of college students are unique since it is influenced by work-related stress, parties, communal living arrangements etc. (Vail-Smith, 2009) This is an interesting observation as peoples attitude here are determined, to a large extent, by the group dynamics. Methods Sample The targeted sample consisted of B-school students studying in a 2-year full-time Post-Graduate course in MBA. Most of the respondents were students of the first year who have spent approximately 9 months in the course. However, some students of the second year have also been contacted to take their responses. The questionnaire, consisting of 33 items, was hosted online on Google Documents and the link to the form was sent personally to students via email and instant messages. The form contained no personal information that could be used to identify the respondents. In total, 163 respondents filled in the questionnaire. Of these, it is estimated that 131 respondents are from among the first and second year students of XLRI Jamshedpur. The remaining 32 respondents are from other institutes across India. Measures Our model consists of 3 constructs and one moderator as given below. The constructs were measured using modified versions of pre-existing scales as indicated below. Figure 1: Model Sleep Quality Work Experience Burnout Academic Confidence Sleep Quality Sleep Quality was measured using the Pittsburgh Sleep Quality Index (PSQI), a 24-item scale that consists of various types of questions ranging from subjective questions to multiple-choice questions, as well as some questions based loosely on the Likert Scale. Of the 24 items present on the PSQI, we have modified the scale to exclude the last 6 items (refer Appendix 1), since these are not applicable to B-school students. These questions are to be answered if the respondent generally sleeps with a partner or room-mate, and if the room-mate has observed any irregular sleeping patterns. Burnout Burnout has been measured by the School Burnout Inventory, developed by Salmela-Aro et al (Salmela-Aro,K. et al, 2009). This inventory was developed to be used on higher secondary school students and contains 9 items that measure burnout on 3 dimensions-exhaustion due to coursework, cynicism towards school and inadequacy at performing well at school. Of these dimensions, we have chosen to study only exhaustion and cynicism, since inadequacy is not applicable to students of the age of MBA students. Therefore, the scale has been modified to include only 7 questions in the final questionnaire (refer Appendix 2). Perceived Academic Performance The perceived academic performance is measured by using the Academic Confidence Scale (ACS) (Sander, P. Sanders, L., 2003). This scale consists of 24 items based on 5-point Likert scale. The questions measure Academic Confidence in 6 dimensions-Studying, Understanding, Attendance, Grades, Verbalizing, Clarifying. Of these 6 dimensions, the last 2 are not applicable for students of B-schools, since it is assumed that these students would show an accomplished level of verbalizing and clarifying aptitude. Of the remaining questions, we have chosen 8 items (Appendix 3) that display the best coefficients for the remaining 4 dimensions. Analysis The analysis is carried out for both Moderator Analysis and Mediator Analysis. For types of analysis, we are using the four-step method developed by Baron and Kenny (Baron, R.M. Kenny, D.A., 1986). For Moderator Analysis, we initially select all cases for which the student has work experience greater than 12 months and carry out the analysis. Similarly, the same is carried out for students having greater than 12 months of work experience. Finally, all cases are taken to carry out the Mediation Analysis. In order to measure the significance of mediation analysis, the Sobel Test is carried out as well. Results Sleep Quality and Burnout The regression analysis was carried out to find out the relationship between sleep quality burnout. It was carried out for both the values of the bi-variate moderator. Relationship Significance Unstandardised coefficient Standardised coefficient R Square Work experience 0.000 0.453 0.405 0.164 Work experience > 12 m 0 0.428 0.444 0.197 Overall 0 0.461 0.442 0.195 Table 1: Results for Sleep quality Burnout As we can see from the above table, the relation is significant in all the three cases the impact is also almost the same. From the values of beta and B, we can interpret that for every B-School student a poor sleep quality leads to increase in burnout. This could be attributed to the fact that burnout is a physical a mental condition which is same for the all the human beings. Every human being needs sleep to recover energy though the time duration of the requirement may be different. But a minimum amount of sleep is necessary for all. Burnout and Perceived Academic Performance The regression analysis was carried out to find out the relationship between burnout and academic performance. It was carried out for both the values of the bi-variate moderator. Relationship Significance Unstandardised coefficient Standardised coefficient R Square Work experience 0.001 -0.53 -0.355 0.126 Work experience > 12 m 0.002 -0.541 -0.355 0.126 Overall 0 -0.527 -0.353 0.125 Table 2: Results for Burnout Perceived academic Performance As we can see, here also burnout level increase leads to a decrease in the perceived academic performance of an individual. This shows that a persons perceived academic performance is affected by the burnout level. This in turn proves the hypothesis stated and reinforces the previous researches done on the same subject. Sleep Quality and Perceived Academic Performance The regression analysis was carried out to find out the relationship between sleep quality perceived academic performance. It was carried out for both the values of the bi-variate moderator. Relationship Significance Unstandardised coefficient Standardised coefficient R Square Work experience 0.883 -0.040 -0.024 0.001 Work experience >12 m 0.009 -0.443 -0.302 0.091 Overall 0.081 -0.213 -0.137 0.019 Table 3: Results for Sleep quality Perceived Academic Performance As we can see that the significance level is within the confidence interval only for the values with work experience > 12 months. The likely reason for this can be that people with work experience are used to maintaining high pressures on the job. Working round the clock, meeting deadlines etc are a part of their lives and they dont feel much difference when they enter a B-School. In contrast to this, freshers (college graduates) are not accustomed to a hectic schedule. The model with the results is shown below: Figure 2: Model with the moderator values Values on the left hand side are values for work experience less than 12 months; Values on the right hand side are values for work experience more than 12 months *symbolises that the result is significant Discussions and Implications As we can see, that the total effect is significant but is attributed to the indirect effect only and not to the direct effect. Also, the net magnitude of the total effect is very less. The factors that can be attributed to these results can be as follows. Over a period of time, human body adapts itself to any routine. Here the timing of our research plays an important role. Most of our respondents are 1st year MBA students who have spent almost nine months in a B-School. Nine months is a long enough time for the human body to adapt to such any change in routine. Had this research been conducted when the students entered the B-School, results might have been different The age group of all the respondents is between 20 to 30 years. In this age group predominantly, the human body has the energy, stamina the will to withstand any adversities in the external environment. If such a study is conducted in people of a different age group, their body might not have the vigour and will to withstand harsh environment circumstances Also, as we saw that the direct relationship between sleep quality perceived academic performance is significant only in the case of people having work experience more than 12 months. As we know, across B-Schools in India, number of students with prior work experience is less compared to the others. Hence, had the research been conducted for B-Schools overseas as well, the results might have been different with a significant direct effect as well. This research highlights the relationship between poor sleep quality burnout of students in B-Schools. This further leads to a dip in their perceived academic performance. To avoid this, B-school administration should consider preparing the schedule or curriculum of the academic year in such a way that the students dont need to compromise on their sleep quality. This will help them maintain attentiveness, concentration, etc. this in turn will help them improve their perceived academic performance. Also, the hectic life-style in a B-school takes its toll on mental health of the students by making them cynical in their approach towards their courses/academics due to burnout. Limitations Following are the limitations we encountered during this research study: Sample size not large enough: Although, responses from 163 respondents were collected but, still larger number of respondents if covered would lend more accuracy to the research findings. Also, majority of the respondents (about 80%) are XLRI students, research findings could be much more accurate if we can collect more responses from other B-school students. Timing of the survey: Since, after spending about 9-10 months in a B-school environment, students become habitual to this kind of a life style, so the impact of sleep quality on burnout or their perceived academic performance subsides. Had this research been conducted when the students would have just entered the B-school, responses would have been more impactful. Age group of the respondents: Since, most of the students in a B-school are in the age group of 20 to 30 years, they have much more will power their capabilties in terms of adapting to the needs of the environment are much more. Thus, they easily adopt to the lifestyle requirements of a B-school. Homogeneous group: These responses are collected from the respondents belonging to the same race culture, thus, the group is homogeneous. Responses should also be collected from the students of foreign B-schools who belong to different race, culture, religon ethnicity then, the findings would be far more accurate diverse. Group Dynamics: Group Dynamics play a very important role in influencing the behaviour of B-school students. Since, almost everybody sleeps late in the night, so it becomes a norm nobody feels that he/she is not getting enough sleep or he/she is being sleep deprived. Future Scope The scope of this research can be extended in future as follows: Increase the sample size to include students from other B-schools also, not only students from top B-schools. Also, students from foreign B-schools can be included in the sample. Similar research can be done for students who are not B-school students but, tend to follow similar life-style, like aspirants preparing for competitive entrance examinations. As already stated above, this research should include the responses of the students studying in foreign B-schools. Probably, then we will be able to make general statements about the characteristics of all B-school students. We need to measure the effect of Group dynamics also in our research study since group behaviour is known to influence the norms in the group. The timing of the research study is very important. Research should be conducted at the start of the B-school session for new admits who have not become habitual to B-school lifestyle. References Anas, B. (2009), Sleepless On Campus, McClatchy Tribune Business News. Training Development Anonymous (2002), To burnout and back: CEOs are top candidates for stress overload. Admit it or face the consequences, Profit. Toronto: Sep 2002. Vol. 21, Iss. 5; pg. 70 Anonymous (2008), Study Finds Lack of Sleep, Excessive Computer Screen Time, Stress and More Hurt College Students Grades; University of Minnesota study is the first to present data showing direct link between health-related behaviors and grades, PR Newswire. New York Baron, R.M. and Kenny, D.A. (1986), The moderator-mediator distinction in social psychological research: conceptual, Strategic, and statistical considerations, Journal of Personality and Social Psychology, Vol. 51, pp. 1173-82. Bower, B. (2002), Snooze Power, Science News.  Washington:  Vol.  161,  Iss.  22; pp. 341.  Alexandria Vol.  48,  Iss.  11;   pp 8 Business Wire (2009), First-of-Its-Kind Sleep Innovation Helps Consumers Measure and Manage Sleep Quality to Achieve a Better Nights Rest., , last accessed on 23-March-2010 Dyrbye, L.N., Thomas, M.R., Huntington, J.L., Lawson, K.L., Novotny, P.J., Sloan, J.A., Shanafelt, T.D. (2006), Academic Medicine: Volume 81 Issue 4 pp 374-384 France, K (2009), SWArticle: Sleepless on Campus, The Carletonian, 2009 Fall Issue 4, , last accessed on 23-March-2010 Francis, L. (2006), More on Burnout, Qualified Remodeler. Chicago: Apr 2006. Vol. 32, Iss. 4; pg. 22 Garger, J., Thomas, M., Jacques, P.H. (2010), Early antecedents to students expected performance, International Journal of Educational Management, Vol: 24, Iss 2, pp. 129 138 Paul, M., Panton, C., Marzigliano, N (2008), Do Students With Healthy Habits Perform Better In Their Academics? Allied Academies International Conference. Academy of Educational Leadership. Proceedings. Cullowhee:Vol. 13, Iss. 2; pp. 47-55 Salmela-Aro,K., Kiuru,N., Leskinen,E. Nurmi,J. (2009), School Burnout Inventory (SBI): Reliability and Validity, European Journal of Psychological Assessment 2009; Vol. 25(1): pp.48-57 Sander, P. And Sanders, L. (2003), Measuring confidence in academic study: A summary report, Electronic Journal of Research in Educational Psychology, No. 5-3 (1), pp.113-130 Schaufeli, W.B., Martà ­nez, I.M, Pinto, A.M., Salanova, M. Bakker, A.B. (2002), Burnout and Engagement in University Students: A Cross-National Study, Journal of Cross-Cultural Psychology; Vol 33; pp 464 Sleep Medicine Institute (2010), Pittsburgh Sleep Quality Index, , last accessed on 23-March-2010 Sorohan and Gordon, E., (1994), To Sleep, Perchance To Learn, Training Development.  Alexandria:   Vol.  48,  Iss.  11;   pp. 8 Spencer, D. (1987), Spacing Out at Work May Help Ward Off Job Burnout, St. Louis Business Journal. Vol. 8, Iss. 5; Sec. 3. pg. 5C Triangle Business Journal (2010), Soft? Firm? When Choosing a Mattress, One Firmness Does Not Fit All, , last accessed on 23-March-2010 Vail-Smith, K., Felts, W.M. Becker, C. (2009), Relationship Between Sleep Quality And Health Risk Behaviors In Undergraduate College Students, College Student Journal, East Carolina University, Vol. 43 Issue 3, p924-930 Appendix 1 Pittsburgh Sleep Quality Index INSTRUCTIONS: The following questions relate to your usual sleep habits during the past month only. Your answers should indicate the most accurate reply for the majority of days and nights in the past month. Please answer all questions. 1. During the past month, what time have you usually gone to bed at night? BED TIME ___________ 2. During the past month, how long (in minutes) has it usually taken you to fall asleep each night? NUMBER OF MINUTES ___________ 3. During the past month, what time have you usually gotten up in the morning? GETTING UP TIME ___________ 4. During the past month, how many hours of actual sleep did you get at night? (This may be different than the number of hours you spent in bed.) HOURS OF SLEEP PER NIGHT ___________ For each of the remaining questions, check the one best response. Please answer all questions. 5. During the past month, how often have you had trouble sleeping because you . . . a) Cannot get to sleep within 30 minutes Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ b) Wake up in the middle of the night or early morning Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ c) Have to get up to use the bathroom Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ d) Cannot breathe comfortably Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ e) Cough or snore loudly Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ f) Feel too cold Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ g) Feel too hot Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ h) Had bad dreams Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ i) Have pain Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ j) Other reason(s), please describe__________________________________________ __________________________________________________________________________ How often during the past month have you had trouble sleeping because of this? Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ 6. During the past month, how would you rate your sleep quality overall? Very good ___________ Fairly good ___________ Fairly bad ___________ Very bad ___________ 7. During the past month, how often have you taken medicine to help you sleep (prescribed or over the counter)? Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ 8. During the past month, how often have you had trouble staying awake while driving, eating meals, or engaging in social activity? Not during the past one month _____ Less than once a week _____ Once or twice a week _____ Three or more times a week _____ 9. During the past month, how much of a problem has it been for you to keep up enough enthusiasm to get things done? No problem at all __________

Kudler Fine Foods Case Study: Personal Values Essay -- Business Case

Aristotle, the famous Greek Philosopher, believed ethics is common knowledge. In fact, he taught and practiced virtues and ethics, and strongly believed that ethics is the behavior learned through practice. According to Aristotle, "The ultimate value of life depends upon awareness and the power of contemplation rather than upon mere survival† (Irwin, 1988, p.702). To be clear, there are many descriptions used to analyze a person’s ethical behavior. The description used to analyze my behavior is the ethical perspectives of the Williams Institute Ethics Awareness Inventory (EAI). The EAI identifies four CORE ethical perspectives to determine the effect of one’s decision-making. However, this paper will focus on the ethical perspective, Character. Likewise, the paper will compare and contrast my personal values related to the core perspective, Character, with that of Kudler Fine Foods. It is worth noting that sound judgment enables a person to build character and make the right decision in their personal or professional life. In fact, according to the Williams Institute, â€Å"Character is a key factor in the workplace because integrity is highly regarded. Also, sound judgment applied in a business strategy within an organization, is relevant to the character profile.† (The Williams Institute of Ethical Management, 2003). The Author’s Values: Developing positive Character traits are essential to the success of any organization and the EAI results provided valuable insight to my management style. After personally completing the self-assessment test, the following details are the results: The ethical perspective most likely aligned with is Character; and the ethical perspective least likely aligned with is Equity. Character by d... ...ate the ethical standards set. Therefore, resolving any potential problems by displaying leadership, effective communication, and positive ethical behavior. Works Cited Character. (2010). In Merriam-Webster Online Dictionary. Retrieved February 28, 2010, from http://merriamwebster.com/dictionary/character Hunte, S. (2009, December 9). Character Quotes - Do You Have the Best Character? Retrieved February 28, 2010, from ezinearticles.com/? Character- Quotes- - - Do- You- Have- the- Best- Character?&id=3401750 Irwin, Terence. Aristotle’s First Principles. Oxford: Clarendon Press; New York: Oxford University Press, 1988. p.702 University of Phoenix. (2003). Williams Institute Ethical awareness [Computer Software]. Retrieved from University of Phoenix, Simulation, MGT521 website.

Religious and Ethnic Groups Essay

The religious group is chose was Jehovah’s Witnesses. I did some online research and also asked my children’s Foster Mother, Regina Metzger the questions. I wanted to see what the differences of what I found online and what she said the beliefs were. So this is a mixture of what I got from my online sources and what she said. Jehovah’s Witnesses differ from other religious groups because they believe that their entire bible is the inspired word of god, and instead of adhering to a creed based on human tradition, they hold to their bible as the standard for all their beliefs. Based on their bible, they believe that Jesus Christ is son of god, the first of god’s creations, that he had a pre-human existence and that his life was transformed from heaven to the womb of a virgin. They believe that god’s kingdom is the only hope for mankind. They are many different nationalities. They have no prejudices against any race or color. Their worship is through prayer, meetings and telling others about their bible. They believe that their bible is the inspired word of God, and instead of adhering to a creed based on human tradition, they hold their bible as the standard. The experience of the Jehovah’s Witnesses that other religious groups do not share is that they are viewed with moral standards that coincide with their bible. They are law abiding citizens that respect authority. They show, what they believe is, genuine Christian love to their neighbors. For example, let’s say there are two girls. One of which is a Jehovah Witness and one that is not. They both were asked to spit on the American Flag. In this situation, the Jehovah’s Witness won’t and the other would. One might ask â€Å"Why don’t you spit on the flag even though you don’t solute it? † The answer from the Johana’s Witness would be simply, â€Å"I don’t pledge my allegiance to the flag, but I wouldn’t disrespect it either. † They are neutral. Jehovah’s Witnesses contribute to the American Culture because they feel they are the advocates of their God’s kingdom. They are not of the political, economic, or social system of any nation of the old world. They did have their modern day start in the United States. They do pay taxes, which means they work regular jobs just like any other person. Jehovah’s Witnesses do not interfere with what others do about sharing in patriotic ceremonies. Like, sharing in the armed forces and joining a political party or even voting. They worship their god only. They believe that if Christians under one nation go to war against another nation they would be fighting against fellow believers. They believe that fighting against the same people who prayed for help to the same god is wrong. That is why they won’t go to war and will serve time in jail or prison to avoid killing their Christian brothers and sisters. However they are not afraid to die for their faith. If they are threatened with death or to renounce their faith, they will die for what they believe in. I know that before my children went into foster care I had limited information on what Jehovah’s Witnesses were all about. I was under the impression that they only went house to house on Saturdays knocking on doors. I thought they were annoying. Feeling like everywhere I went I was approached by one saying that they are the only true word of God, when I thought my god was. I learned quickly that everyone has a different idea of what their God was. Jehovah’s witnesses have been known to not celebrate holidays like birthdays, Christmas, or thanksgiving. I would use their religion as a type of threat toward my children saying â€Å"If you don’t knock it off we will become Jehovah’s Witness and then you won’t get presents during birthdays or holidays. † Since, my children are in a home with this as the main religion and belief system, I feel like I should apologize to them because I must have sounded like a bigot. I think that the discrimination and stereotyping that Jehovah’s Witnesses experience comes from a lack of understanding by anyone of a different belief. I think that what I have learned about this religious group did help me understand it. It helped me to realize that Jehovah’s Witnesses, like any other religion, just want to show everyone that what they believe is not bad. They want to show what their religion means. They want the same as others do, the belief that you can be saved by a god. The racial/ethnic group that I chose is the Pacific Islanders. I chose this group because I don’t know nothing about it. I think getting information on this group will be extremely interesting. Pacific Islanders are from many different places. American Samoa, Cook Islands, Fiji, French Polynesia, Guam, Hawaii, Kiribati, Marshall Islands, Micronesia, Nauru, New Caledonia, Niue, Norfolk Island, Mariana Islands, Palau, Solomon Islands, Tonga, Tuvalu, Vanuatu, Wallis and Futuna, and the Independent State of Western Samoa. (http://www. pica-org. org/websurf/websurf. html). In 2011 there were approximately 1,371,564 Native Hawaiians/Pacific Islanders who live within the United States. They significantly reside in California, Washington, Utah, Texas, New York, Texas, and Florida. They make up about . 4% of the U. S. Population (http://minorityhealth. hhs. gov/templates/browse. aspx? lvl=2&lvlID=71) On May 29, 2013 President Obama spoke about AAPI (Asian-American and Pacific Islander) Heritage Month. (http://www. whitehouse. gov/administration/eop/aapi/blog) I thought that was very interesting. He talked about his Pacific Islander ethnic background. He said: â€Å"We value these voices because from the very beginning, ours has been a nation of immigrants; a nation challenged and shaped and push ever forward by diverse perspectives and fresh thinking. And in order to keep our edge and stay ahead in the global race, we need to figure out a way to fix our broken immigration system-to welcome that infusion of newness, while still maintaining the enduring strength of our laws. And the service and the leadership of Asian Americans and Pacific Islanders have proved that point in time and again. † Listening to him give a speech about the greatness of Pacific Islanders made me appreciate that ethnic group even more. Pacific Islanders speak over 100 different languages and come from more than 56 ethnic groups. (http://www. cdc. gov/features/aapiheritagemonth/). They are parts of many different religions. Like the Church of Jesus Christ of Latter-day Saints. Growing up in my church there were many Pacific Islanders members of our church. I can remember many of them having big families with many children. The Pacific Islanders do many things to contribute to American Culture. They contribute by working jobs. 7. 4 million Asian Americans and Pacific Islanders are employed in the United States. They make up 5. 3% of the total workforce in the United States. About 300,000 workers are Pacific Islanders. (http://www. cepr. net/index. php/publications/reports/diversity-and-change July 2011, Hye Jin Rho, John Schmitt, Nicole Woo, Lucia Lin and Kent Wong) Like many other cultures, they bring their delicious foods. They have a multitude of food from different countries. They bring that all to the table here in the United States. Although some of them have changed their diets to a more of an American way of eating, some still eat the foods of their lands. Throughout history, there has been many instances of racism and sexism toward Pacific Islanders in the United States Pacific Islanders continue to face oppression, racism, and discrimination in the United States. Since Pacific Islanders have a higher rate of diabetes they were charged higher rates for health insurance. The Affordable Care Act Will be a very good change for Pacific Islanders. They are known to suffer from higher rates of all types of circular diseases like, stroke, hypertension, and coronary heart disease. They also have the highest rates of obesity. The Affordable Care Act will change it so that it will be easier to get health care for them. Some states have had an English-only type of initiative. They seem to be for people who only speak English. I had no idea they were even allowed by law. It seems as though that people find ways to discriminate even with the laws that have been put in place. Just because some people cannot speak any other language, besides English. For them everything needs to be in English and no other language. About a century before, European-Americans did not allow people who didn’t speak English to learn English because they were afraid that they would become a minority. They were afraid of being â€Å"out-smarted† by others. They didn’t want to have to compete for fear of losing. I don’t believe this is fair. That is why I am glad there are some many laws coming into effect as well as more to come to make this country an even better place. (http://aspe. hhs. gov/health/reports/2012/ACA&AsianAmericans&PacificIslanders/rb. shtml) Most European Americans have discriminated against Pacific Islanders because they didn’t know English. The European Americans were afraid that if the Pacific Islanders learned English they would exceed them in many ways. They would become the minority. Many of the European Americans were believed to be threatened by this. I think I now have a better understanding of what it is like to be a Pacific Islander. The discrimination they have faced has seemed to make them a stronger people. I am happy to have them as part of my country. In conclusion, both Jehovah’s Witnesses and The Pacific Islander, people have experienced a discrimination that seems to have happened because of people who do not understand what they go through daily. They both seem to succeed in their lives because of the discrimination they have experienced. The Jehovah’s Witnesses hold up to their beliefs like the Pacific Islanders stand strong with their ethnic background. They are different because one is a religion and one is an ethnic group. An ethnic group is a group of people who have the same customs or origin. A religion is a belief in a god or a group of gods. I think that both the Pacific Islanders and the Jehovah’s Witnesses get discriminated against because of a lack of understanding.

General Evidence To Ipo Under-Pricing

During the 1980s, the market expected an average of 11% returns on the initial public offerings (IPOs) within the first week of opening, which subsequently almost reached up to 21% during the period of 1991-1999. During the magical period of 1999 – 2000, the returns were almost 66%.   These effects can be largely credited to the amendments in the composition of a number of listed companies appearing as public.What is the most prominent reason behind the harsh under pricing of initial public offerings where the returns have been unexpectedly higher?According to the statistics, the IPO under pricing had almost doubled from 7% to 16% from the 1980’s to the late 1990’s. In general, the increase in the under pricing can be pointed towards the previously concealed group troubles between underwriters and issuing firms.Stating in other words, the problems between the two, that were initially not present on the main scene became of overriding importance during the 1999 – 2000. These two propositions are often referred to as the varying composition theory and the agency theory.The first theory of varying composition is supported by the postulation that dicey and unsafe IPO’s will be obviously underpriced by more than less dicey IPO’s. If the percentage of IPOs that correspond to unsafe stocks swells up, then the average under pricing ought to increase (Ritter (1983)).As a note, the number of IPO’s from the Information technology sector has risen up with time. Another significant point to note was that, there exists no proof about the companies which were appearing as public during the late eighties was actually older than those who went into the public sector during the nineties.The average age of an issuing company was around 7 years during the 1980s and 8 years during the 1990s, before it came down to 5 years during 1999-2000 (â€Å"the internet bubble or the magical period†). An analogous outline holds for sale s structure, that there was no secular inclination in the average sales of public companies.In contrast to the late 1980’s, the IPOs which were administered by high profile investment banks / underwriters in the 1990’s, were more highly underpriced than IPO’s which were linked to inferior status under writers or investment institutions.This phenomenon was explained as- since the underwriting in the IPO business became more profitable due to the augmented enthusiasm of firms to put down more money on the table. (Money on the table is defined as – the first-day price change (offer price to close) times the number of shares issued).As a result the underwriters / investment institutions made more profit from the money that was left on the table with the help of a rent-seeking action of buy-side investors. Moreover the market investors are prepared to give higher rates to the underwriters in order to receive IPO allocations.At the same time, the issuing compan ies are also ready to accept higher under pricing from high profile underwriters because of augmentation in the apparent significance of market analyst reporting and superior capital levels.One more reason that has come into light about the causes of IPO under pricing is that the under writers actually want to under price the issue in spite of the gross spread profits that they sacrifice.At the same the issuing firms most of the times do not try to bargain for a higher offer price when they are sure that the demand for the issue will be high enough. A number of firms went public which resulted in an obvious under pricing of IPO’s.According to Lungqist and Wilhelm (2003) as stated in a paper, that the increase in the IPO under pricing during the period of 1996 to 2000, was mainly due to the increased sharing programs like – the friends and family share allotment programs.Even more the number of shares that were owned by the company seniors like managers, CEO and venture capitalists had decreased by a significant amount, which offered fewer profits to them to stay away from harsh under pricing.Lungqist and Wilhelm further advocate that ruthless under pricing of IPO’s is also a consequence of a blend of premeditated under pricing by the issuing firms, who often assume to observe it as a way of drawing market awareness, and essential under pricing in order to pull out information from probable investors about demand for the IPO.In the year 2005, the European market had heaved up more money with the help of the initial public offerings (IPOs) and were able to create a center of attention for a large number of international IPOs as compared to the US exchanges.This increase was due to the increment in the business activities at the London Stock Exchange and in particular to the AIM, which were accountable for more than 53% of the total IPO’s in the year 2005.The London stock exchange has been the most active of the IPO world markets and a s figures suggest, the IPO activity at the LSE is much higher than all the US markets. This paper makes an attempt to further study the under pricing in the London Stock Exchange (LSE) Main market and the AIM.As the study suggests, the cost of raising IPO in the LSE is quite cheaper than on the US markets and there are some reasons that are evidence to this fact. London’s position in terms of measurable costs is similar to that of Euronext and Deutsche Boerse.UNDER PRICING OF IPO – LONDON STOCK EXCHANGEThe capital trading markets all over the world are experiencing a new level of global integration as obstacles to the flow of international funds are being removed slowly. As a result, firms now possess high amounts of flexibility while listing and raising capital.There are locations / markets that can actually prove to be quite cheaper for raising capital. This has given an opportunity to the companies as to select their own choice of trading market around the world kee ping in mind, cost of raising capital, equity, debt and market advantages.The decision of the firms to select a particular market depends upon varied issues like the market size, directness, level of expertise accessible in its financial centre, and the listing procedure involved.Also, there exist several ways to float a company – the choices of which are highly affected by the size of the company, the risk involved, and the authoritarian planning and procedures in each country.   The most common of all the methods in the London Stock Exchange or the LSE are: offer for subscription, an open issue and a stock exchange opening.The under pricing of IPO’s in the market refers to the extensive inspection that regardless of the scheme of entering into the market, the IPO’s be inclined to give considerable returns within days or weeks after the issue has been opened. Rilter (1985), Welch (1987), Ibotsen et al.(1995), Dimson (1979), Buckland et al. (1981), Jenkins and Meyer (1988) point toward the average first day gains at the UK main market which varies from 9 % to 17%. According to Levis and Thomas (1995), during the period from 1985 to 1992, the LSE market had an average first day gains of 1.87% for a total of 106 IPO’s that was issues during the period.