Speech Is Power Of Speech Changed The Course Of History Essay

Ralph Waldo Emerson expressed the importance of speech in one short sentence: â€Å"Speech is power: speech is to persuade, to convert, to compel.† In 2008, the power of speech changed the course of history; the first African American president was elected, transcending years of racial inequality. For many blacks in the U.S., and many around the world, Barack Obama’s presidency was a step closer to righting America’s 400-year-old wrong: slavery and subsequent discrimination toward the black race. Obama’s victory was traced back to his powerful speech and his natural ability to charismatically orate. In the end, however, it was Obama’s political philosophy that persuaded individuals to support him. Following his victory in 2008, President Barack Obama used rhetoric to advocate for change, hope, and a united America where the window of opportunity could remain open for all. The son of a white American mother and a black Kenyan father, Barack Hussein O bama II spent most of his life feeling excluded in the racially homogenous state of Hawaii. Despite his childhood hardships, Obama graduated from Columbia University with a political science major in 1983. Later, he entered Harvard Law School where he became the first black â€Å"president of the prestigious Harvard Law Review† in 1990 (Nelson). Although a great majority of the journal’s staff was conservative, Obama won as a liberal by promising that he would treat all political beliefs equally and fairly—a promise he was famously knownShow MoreRelatedPresident Richard M. Nixon1524 Words   |  7 PagesAs the nation prepares for the largest defamation in American history, one man is brought to the forefront of his convictions. He has been the nation’s leader for two terms, spanning five and a half years; unfortunately one decision causes him to lose the most important seat in the world. 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Business Studies - Prelim Study Notes - 1893 Words

Key Terms: * Analyse: identify components and the relationship between them; draw out and relate implications. * Appreciate: make a judgement about the value of. * Assess: make a judgement of value, quality, outcomes, results or size. * Define: state meaning and indentify essential qualities. * Describe: provide characteristics and features. * Determine: make a decision or work out an answer after appropriate thought and investigation. * Discuss: identify issues and provide points for and/or against * Distinguish: recognise or note/indicate as being distinct or different from; to note differences between. * Evaluate: make a judgement based on criteria; determine the value of. * Examine: inquire†¦show more content†¦* Geographic: opportunities for business expansion, sales and profit. * Institutional: government, regulatory bodies and others such as trade unions and employer associations. * Legal: can be time consuming and costly, confusing and contradictory. 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Disinvestment Capitalism and Public Sector Free Essays

DISINVESTMENT – BOON OR BANE INTRODUCTION 1. Public enterprises are neither new nor unique to India. In good old days, Kautilya in his ‘Arthasastra’ talked of a public sector. We will write a custom essay sample on Disinvestment: Capitalism and Public Sector or any similar topic only for you Order Now A person was made incharge of salt manufacture and fixing its price. Similarily there were people made responsible for mining, coinage and gold, all in public sector. Nowadays there is hardly any country that is not engaged actively and directly in the management of economic and industrial enterprises. Various names given to these enterprises are ‘Public Sector Undertakings’ or PSUs, ‘Public Sector Enterprise’ or PSEs, ‘Trading Corporations’, State Owned Enterprise or SOEs, Government Owned Enterprise or GOE etc. 2. The role of government in businesses and otherwise has been questioned in the past. Thoreau said , â€Å"That government is best which governs least†. The only purpose of government would be to protect its citizens from force or fraud. The protection from force, that is, the protection of individual rights, would be achieved through the use of a police force to protect the rights of citizens at home; a military, to protect the rights of citizens from foreign aggression; and a court system to enforce contracts and settle disputes between citizens. It is not government business to do business. The poor performance of government owned enterprises around the world led to a world wide withdrawal of government from businesses and coining of a new term called ‘Privatisation’. Privatisation process in India is euphemistically called ‘Disinvestment’ to make it palatable to those who consider privatisation a dirty word. Disinvestment or privatisation in India was initiated in 1991-92 by the Chandrashekhar government and carried forward by subsequent governments. AIM 3. The aim of this paper is to study various aspects of Disinvestment so as to conclude whether it is a boon or bane for India. SCOPE 4. The paper would be covered under the following heads:- (a)What is Disinvestment? (b)Capitalism, Socialism, Communism and Market economy. c)Genesis of Government Participation In business. (d)Performance of Government Controlled Enterprises. (e)Objectives of Disinvestment. (f)Genesis of Disinvestment process. (g)The Disinvestment process in India. (h)Advantages of Disinvestment. (j)Disadvantages of Disinvestment. (k)Disinvestment-Boon or Bane. WHAT IS DISINVESTMENT 5. Disinvestment can be defined as withdrawal of state from production of goods and se rvices or transfer of ownership from the public sector to the private sector. CAPITALISM, SOCIALISM, COMMUNISM AND MARKET ECONOMY 6. Before we proceed further it would be worth our time to understand the concepts of Capitalism, Socialism, Communism and Market Economy. CAPITALISM 7. Capitalism is a political system in which factories, companies, land, etc. are owned privately in order to create profit for the owners. Prices of goods and services fluctuate depending on the desire of the consumer and the availability of the goods (the law of supply and demand). In a capitalist society their will be significant differences in wealth and power between those who have capital (machines, factories, ships, land, etc. and those who do not. 8. No one can say when capitalism first began. Clearly the development of capitalism was not revolutionary like that of communism. Instead it emerged gradually without anyone making a plan of what it should become. However, aspects of modern capitalism such as the stock exchange, banks and great disparity in wealth came about during the industrial revolution. 9. In 1776 Adam Smith, a Scot tish university professor, produced a book which described the workings of a capitalist society. He believed that a country’s wealth depends on all people pursuing their own interests. If a person promotes his own interest he or she is unintentionally promoting his country’s interest. Smith thought that governments should promote free trade and not interfere by protecting certain industries from competition. The only duty of governments, Smith wrote, was to provide services that couldn’t be profitable like the building of roads, schools etc. 10. Capitalism means the complete separation of economy and state, just like the separation of church and state. Capitalism is the social system based upon private ownership of the means of production which entails a completely uncontrolled and unregulated economy where all land is privately owned. But the separation of the state and the economy is not primary, it is only an aspect of the premise that capitalism is based upon: individual rights. Capitalism is the only politico-economic system based on the doctrine of individual rights. This means that capitalism recognizes that each and every person is the owner of his own life, and has the right to live his life in any manner he chooses as long as he does not violate the rights of others. The essential nature of capitalism is social harmony through the pursuit of self-interest. Under capitalism, the individual’s pursuit of his own economic self-interest simultaneously benefits the economic self-interests of all others. In allowing each individual to act unhampered by government regulations, capitalism causes wealth to be created in the most efficient manner possible which ultimately raises the standard of living, increases economic opportunities, and makes available an ever growing supply of products for everyone. The free-market operates in such a way so that as one man creates more wealth for himself, he simultaneously creates more wealth and opportunities for everyone else, which means that as the rich become richer, the poor become richer. It must be understood that capitalism serves the economic self-interests of all, including the non-capitalists. SOCIALISM 11. Socialism believes that the inequalities that exist in our society are unjust and that the minority of the population should not own the vast majority of the wealth. Socialists do, nevertheless, differ on ways by which this change should be achieved. Some believe that the change should be gradual, achieved through parliament, and others believe that the change should be rapid, brought about through revolution. 12. Karl Marx became the prophet and teacher of socialism whose writings transformed socialist thinking all over the world. Marx was a philosopher and an idealist Marx believed that man should labor not only for himself as an individual but for society as well. Implied in Marxist philosophy is the notion that man, being a social animal, has his destiny and his reality inextricably linked with his society. His analysis describes capitalism as the first stage followed by socialism and finally communism. Marx believed that socialism is an unrealised potential in capitalism and once most workers recognized their interests and became â€Å"class conscious,† the overthrow of capitalism would proceed as quickly as capitalist opposition allowed. The socialist society that would emerge out of the revolution would have all the productive potential of capitalism. People would be aided on the basis of social needs. COMMUNISM 13. The final goal, communism, toward which socialist society would constantly strive, is the abolition of alienation. A class-less society would be advantageous for the vast majority of the population. Communism, a form of government, inspires some people with the zeal of a religion. Communism in theory stands for total public ownership and rejects private property and personal profit. In practice, however, the state determines how strictly the doctrine is applied in any particular country. MARKET ECONOMY 14. The market economy idea is based on, or at least explained by, Darwin’s theory of evolution. Companies are viewed as organisms in an ecosystem. A company with a successful formula will prosper and grow, spread its formula and ideas, while a company with a bad formula will wither and disappear. A profitable company can grow, or at least survive, while an unprofitable company will wither and die out. 15. Post Karl Marx, The fight against inequality was viewed as a fight by the collective worker class vs the individual entrepreneur. The individual who complements the group was seen as a contradiction. Some states evolved on this contradiction, wherein an individual was supposed to surrender his individuality and entrepreneurship for the state and the social security provided by it. On the other side of the world this fad for collectivism was viewed as a threat to its existing capitalist system which not only proved successful in the past, but also held promise for the future. It is this clash in ideologies which gave as a bi polar world of communism and capitalism. 16. Contrary to widely held beliefs, capitalism is not a system which exploits a large portion of society for the sake of a small minority of wealthy capitalists. Ironically, it is actually socialism that causes the systematic exploitation of labor. Since the socialist state holds a universal monopoly on labor and production, no economic incentive exists for the socialist state to provide anything more than minimum physical subsistence for the workers except to perhaps prevent riots or revolutions. Exploitation is inherent in the nature of socialism because individuals cannot live for their own sake, rather, they exist merely as means to whatever ends the socialist rulers — the self-proclaimed spokesman of â€Å"society† — may have in mind. Inequality is and progress are directly linked and progress always causes inequality. To reach for something high, we would have to stand on one another and not together on the same platform. GENESIS OF GOVERNMENT PARTICIPATION IN BUSINESS GOVERNMENT PARTICIPATION IN BUSINESS WORLDOVER 17. Before considering the need for disinvestment and why disinvestment, it is relevant to consider the main reasons for rise of state power world over. The following are few reasons for state power:- (a)Great depression of 1930s, unemployment and hardship. b)Rebuilding war-torn economies. (c)Redistribution of income, protection to the needy for ethical reasons. (d)Developing countries do not have markets in which individuals can operate and ill-developed private enterprise. (e)Rise of non-economic objectives (sanctions against apartheid policies, or restraining ethnic minorities dominating an economy). (f)Protect employment or ensure good working conditions. (g)Total lack of faith in markets and priva te ownership. (h)Cold war, wars among developing countries and border disputes. j)State investment in and the control of the strategic sectors of the economy was necessary for the economic development of those sectors and the security of the country. (k)Government stepping in to rescue certain enterprises, whose closure could result in significant loss of jobs. (l)An economic consensus around the world accepting public enterprises as an integral part of the economy, particularly to manage natural monopolies as also the core industries, like infrastructure, which in turn would promote rapid economic growth and the pace of industrialisation. GOVERNMENT PARTICIPATION IN INDIA 18. Before independence, there was almost no â€Å"Public sector† in Indian economy. The only industries worthy of mention were Railways, The Post Telegraph. The Port Trust, The Ordnance and the Aircraft factories and few Government controlled undertakings. 19. In the 1948 Industrial Policy Resolution, the manufacture of arms and ammunition, production and control of atomic energy, ownership and management of railways became the State monopoly. Six basic industries viz. iron steel, coal, aircraft manufacture, ship building, mineral oils, manufacture of telephone, telegraph and wireless apparatus were to be developed by the State. All other areas were left open to private initiatives. 20. Within a decade of laying down the policy parameters in 1948, another policy statement was issued in April 1956 by the Government to give a new orientation to the â€Å"mixed economy† concept. The passage of Industrial Policy Resolution of 1956 and ad option of socialist pattern of society as the national economic goal of the country built the foundation of the dominant public sector as we see it today. It was believed that a dominant public sector would reduce the inequality of income and wealth and advance the general prosperity of the nation. 21. The main objectives of setting up the Public Sector enterprises as stated in Industrial policy Resolution of 1956 were:- (a)To help in the rapid economic growth and Industrialisation of the country and create necessary infrastructure for economic development. (b) To earn return on investment and utilise generate resources for development. (c)To promote redistribution of income and wealth. (d)To create employment opportunities. e)To promote balanced regional development. (f)To promote import substitutions, save and earn foreign exchanges for the economy. 22. The 2nd Five year Plan document clearly stated that â€Å"all industries of basic and strategic importance, or in the nature of public utility services should be in the public sector. Other industries, which are essential and require investment on a scale, which only the state, in th e present circumstances, could provide have also to be in the public sector†. If further emphasized that, â€Å"the public sector has to expand rapidly. It has not only to initiate developments which the private sector is either unwilling or unable to undertake, it has to play the dominant role in shaping the entire pattern of investment in the economy†. The investment in public sector enterprises has grown from Rs. 29 Crore in 5 PSU on 01Apr 51 to Rs. 2,52,554 Crore in 240 PSU on 31Mar 2000. PERFORMANCE OF GOVERNMENT CONTROLLED ENTERPRISES 23. What was the outcome of government investment in business. Over a period of time, the States failed in achieving the goals and results for which State Owned Enterprises had been created. The following are some of the reasons for the same:- (a)Politicians govern the state and they serve group interest and not public interests. (b)Bureaucracy operates to maximise budget of individual departments, their own prospects and perks. (c)Expansions of state control resulting in the loss of economic and freedom and thereof-political freedom as well. (d)Regulation by state tends to serve the interest of regulated. (who capture regulators) rather than public. (e)Costs of regulation tend to exceed benefits of regulation. f)Supply by public authorities is inherently costly, inefficient usually in over supply, with less choice for consumers. (g)Developing countries have weak institutional structures for governments to operate services efficiently. (h)Public enterprises or state owned enterprises tend to be monopolistic, have no risk of closure and are liable to political and bureaucratic manipulation. (j)Property rights and transferability with gains or losses are important if owner s were to demand information and make the enterprise really accountable and efficient. 4. During the last ten years, the Tax-payer has had to give about Rs. 80,000 crore directly or indirectly to the public sector, so that it could survive. During 1999-2000 alone, the CAGs report on PSUs for 1999-2000 indicates that the tax-payer has taken a huge burden in one year alone which amounted to Rs. 23,140 crore for supporting PSUs. OBJECTIVES OF DISINVESTMENT 25. ‘Is the business of government business? ’- Easily the million-dollar question that plauged the minds of policy makers, intelligentsia and the public alike. The performance of PSUs world over led to introspection and a need for privatisation/disinvestments was felt. Technology and W. T. O. commitments have made the world a global village and unless industries, including public industries do not quickly restructure, they would not be able to survive. Public enterprises, because of the nature of their ownership, can restructure slowly and hence the logic of privatisation got stronger. Besides, techniques are now available to control public monopolies like Power and Telecom, where consumer interests can be better protected by egulation / competition. Therefore, investment of public money to ensure protection of consumer interests is no longer a convincing argument. Disinvestment aimed to achieve the following: – (a)Promote economic efficiency by fostering well functioning markets and competition. (b)Redefine role of the State in order to allow it to concentrate on the essential task of governing and to withdraw from activities, which are better suited to private enterprise. (c )Reduce fiscal burden of loss-making public enterprises, in order to help regain fiscal control and macroeconomic stability. d)Reduce the public debt. (e)Release limited State resources for financing or other demands, for example in the field of education and social health. (f)Generate new investment including foreign investment. (g)Mobilise domestic investments and deepen domestic financial development (h)Spread and democratise share ownership by encouraging it among individuals, making employees share-owners and by rising productivity through incentives for holding stock. GENESIS OF DISINVESTMENT PROCESS GENESIS OF DISINVESTMENT PROCESS – WORLDWIDE U. K (Post 1979) 26. Although the idea of privatisation has been around for a long time (Adam Smith wrote about it as long as 1762), privatisation has been tried widely since the mid 1970s. Privatisation first attracted world-wide attention in 1979 when the Conservative Government of Prime Minister Margaret Thacher began transforming the ailing U. K. economy by selling public holdings in industry, communications and other service sector areas. Since 1979, over 105 countries all over the world have initiated their own privatisation programmes. Following are the salient features of the privatisation programme in the UK:- a)Privatisation carried out in three phases (i)Phase I: Commercial enterprises (e. g. , British Aerospace) (ii)Phase II: Utilities (involved more complicated structural regulatory issues) (iii)Phase III: Less commercial industries, mainly those performing socially desirable services and dependant on subsidies (e. g. , the railways). (b)Around 60 major businesses, representing 10% of GDP, transferred to private sector. (c)Fundamental issues addressed were:- (i) Ensuring commitment to the policy from the top of the Government. (ii) Setting clear objectives. iii) Careful planning. (iv) Engaging intermediaries-financial, technical and legal advisers. (d)Regulation competition effectively used while privatising services and infrastructure. (e)Initially resisted both by consumers and employees. (f)However, consumers benefited from lower prices, greater choice better service and productivity improved. (g)Employees too benefited in the medium term due to increase in economic activity, though some loss of jobs in the short run as productivity increased rapidly. Offered liberal opportunities to invest in divested shares. France 27. 8 large groups and 3 medium size banks were privatised. Shares divested to domestic public (about 50%), large shareholders (about 25%), employees (about 10%) foreign investors (about 15%). 21 companies privatised, including 2 of the largest banks and 3 largest insurance companies. Shares divested to domestic public, large shareholders, employees foreign investors in. China 28. Market reforms first started in 1978. Corporatisation and then listing on both domestic and foreign stock exchanges favoured for efficient large and medium size SOEs. Foreign investors permitted to invest in various infrastructure and utility businesses, including railways, toll roads, ports and power plants. In 1978, over three-quarters of industrial output was produced by the state sector. This fell to 34% by 1995. The collective sector increased from 32% to 37%, individual sector (small capitalist businesses) jumped from 1. 8% to 13% and others (including all other capitalist enterprises – local and foreign) leaped from 1. 2% to 16. 6%. Thus, the private sector grew at the expense of the state sector. Gradual stage-by-stage approach followed for reforming State Owned Enterprises (SOEs). According to the World Investment Report 1997, foreign direct inflows to China amounted to US $42. 3 billion in 1996. Some Other Countries 29. Some other countries which have undergone privatisation are :- (a)Eastern EuropeBulgaria, Czech. , Hungary, Latvia, Poland, Romania (b)Latin AmericaArgentina, Brazil (c)Far EastKorea, China, Philippines (d)S. E. Asia Malaysia, Thailand (e)South Asia Pakistan, Sri Lanka (f)Middle East AfricaEgypt, Ghana, Kenya, Nigeria THE DISINVESTMENT PROCESS IN INDIA Genesis 30. A decade ago, the concept of privatisation as a catalyst was hardly acknowledged in India. Not long ago, it was nationalisation that was in vogue. Even international aid-donors such as the IMF and the World Bank had recommended a larger role for the public sector during the 1950s and 1960s and they refused to grant loans to those countries which did not have government-sponsored development programmes. Now, it is just the other way round. The prescription of privatisation is being sold, rather over-sold, as a panacea to cure our economic ills. India, for almost four decades was pursuing a path of development in which public sector was expected to be the engine of growth. But by mid-eighties their short comings and weaknesses started manifesting in the form of low capacity utilisation, low efficiency, lack of motivation, over-manning, huge time and cost overrun, inability to innovate and take quick decision, large scale political and bureaucratic interference in decision making, etc. But instead of trying to remove these defects and to increase the rate of growth of national economy, gradually the concept of self-reliant growth was given a quiet burial. The Government started to deregulate the imports by reducing or withdrawing import duty in phases. This resulted in dwindling of precious foreign exchange reserve to abysmally low level. The foreign debt repayment crisis compelled Government of India to raise loan from IMF against physical deposit of RBI gold reserve, on conditions harmful to the interest of the country. 31. Thus started the reversal of policies towards PSU. The Industrial policy of 1991 started the process of delicensing and except 18 industries, Industrial licensing was withdrawn. The market was opened up to domestic private capital and foreign capital was provided free entry upto 51% equity in high technology areas. The aim of economic liberalisation was to enlarge competition and allowing new firms to enter the market. Thus the emphasis shifted from PSEs to liberalisation, of economy and gradual disinvestment of PSEs. A paradigm shift of Government’s economic policy orientation originated in 1991 from a foreign debt servicing crisis. Disinvestment Process 32. The Industrial Policy of 1991 limited the priority areas for the public sector to : (a)Essential infrastructure goods and services. (b)Exploration and exploitation of oil and mineral resources. c)Technology development and building of manufacturing capabilities in areas which are crucial in the long term development of the economy and where private sector investment is inadequate. (d)Manufacture of products where strategic considerations predominate such as defence equipment. 33. Congress Government in 1991-92 offered up to 20% of Govt. equity in selected PSUs to mutual funds and investment institutions in the public sector, as also to workers in these firms. The objective was to raise resources, encourage wider public participation and promote greater accountability. 4. As per Rangarajan Committee recommendations in Apr 93, there were only six Schedule ‘A’ industries where the Government might consider holding 51% or more equity, namely (a) Coal and lignite. (b) Mineral oils. (c) Arms, ammunition and defence equipment. (d) Atomic energy. (e) Radioactive minerals. (f) Railway transport. 35. The Common Minimum Programme of the United Front Govt in 1996 aimed for the following:- (a)To carefully examine withdrawal from non-core strategic areas. (b)To set up a Disinvestment Commission for advising on disinvestments issues. c)To take and implement decisions to disinvest in a transparent manner. (d)Job security, opportunities for retraining and redeployment to be assured. 36. Disinvestment Commission Recommendationsin Feb 97- Oct 99 aimed for the following:- (a)72 PSEs were referred to the Disinvestment Commission during 1996-99. The Disinvestment Commission gave its recommendations on 58 PSEs. (b)The Disinvestment Commission recommendations gave priority to strategic / trade sales, with transfer of management, instead of public offerings, as was recommended by the Rangarajan Committee in 1993. 37. In 1998-99, the govt aimed to bring down Government shareholding in the PSUs to 26% in the most of cases, (thus facilitating ownership changes, as was recommended by the Disinvestment Commission). 38. In 1999-2000, the Govt. aimed To strengthen the strategic PSUs, privatise non-strategic PSUs through gradual disinvestment or strategic sale and devise viable rehabilitation strategies for weak units. 39. On 16th March 1999, the cabinet approved classification of PSUs into Strategic and Non strategic. (a)Strategic PSUs: (i)Defence related (ii)Atomic energy related (iii)Railway transport b)Non-strategic PSUs: All other 40. Strategy for Non-strategic Public Sector Enterprises wasReduction of Government stake to 26%to be worked out on a case to case basis,on the following considerations: (a)Whether the Industrial sector requires the presence of the public sector as a countering force to prevent concentration of power in private hands. (b)Whether the Industrial sector requires a proper regu latory mechanism to protect the consumer interests before Public Sector Enterprises are Privatised. 41. In 2000 – 2001, the main elements Policy were:- (a)To restructure and revive potentially viable PSUs. b) To close down PSUs which cannot be revived. (c) To bring down Government equity in all non-strategic PSUs to 26% or lower, if necessary. (d)To fully protect the interests of workers. (e)To put in place mechanisms to raise resources from the market against the security of PSUs’ assets for providing an adequate safety-net to workers and employees. (f)To establish a systematic policy approach to disinvestment and privatisation and to give a fresh impetus to this programme, by setting up a new Department of Disinvestment. (g)To emphasize increasingly on strategic sales of identified PSUs. h)To use the entire receipt from disinvestment and privatisation for meeting expenditure in social sectors, restructuring of PSUs and retiring public debt. Utilisation of Proceeds 42 . In the Budget of 2000-2001 the Govt. outlined its aim for utilisation of the disinvestments proceeds as enumerated below. (a) Restructuring assistance to PSUs. (b) Safety net to workers. (c) Reduction of debt burden. (d) Additional budgetary support for the Plan, primarily in the social and infrastructure sectors (contingent upon realisation of the anticipated receipt). ADVANTAGES OF DISINVESTMENT 43. After disinvestments the following would be achieved: – (a)Releasing of huge amounts of scarce public resources locked up in non-strategic PSUs, for deployment in areas much higher on social priority, such as, public health, family welfare, education and social and essential infrastructure; (b)Stemming further outflow of public resources for sustaining the unviable non-strategic PSUs. (c)Reducing the public debt that is threatening to assume unmanageable proportions. d)Transferring the commercial risk, to which the tax-payers’ money locked up in the public sector is exposed, to the private sector wherever the private sector is willing and able to step in. The money that is deployed in the PSUs is really the public money; and, is exposed to an entirely avoidable and needless risk, in most cases. (e)Release of other tangible and intangible resources, such as, large manpower currently locked up in managing the PSUs, and their time and energy , for redeployment in areas that are much higher on the social priority but are short of such resources. f)Disinvestment would expose the privatised companies to market discipline, thereby forcing them to become more efficient and survive or cease on their own financial and economic strength. They would be able to respond to the market forces much faster and cater to their business needs in a more professional manner. It would also facilitate in freeing the PSUs from the Government control and introduction of corporate governance in the privatised companies. (e)Disinvestment would result in wider distribution of wealth through offering of shares of privatised companies to small investors and employees. f)Disinvestment would have a beneficial effect on the capital market; the increase in floating stock would give the market more depth and liquidity, give investors easier exit options, help in establishing more accurate benchmarks for valuation and pricing, and facilitate raising of f unds by the privatised companies for their projects or expansion, in future. (g)Opening up the erstwhile public sectors to appropriate private investors would increase economic activity and have an overall beneficial effect on the economy, employment and tax revenues in the medium to long term. h)In many areas, e. g. , the telecom sector, the end of public sector monopoly would bring relief to consumers by way of more choices, and cheaper and better quality of products and services. DISADVANTAGES OF DISINVESTMENT 44. Having seen so many advantages, what do we have on the flip side? Is disinvestments without any disadvantages? Some of the likely disadvantages could be:- (a)Non realisation of actual value of the PSU as the realisation would on unit potential and not assets held. The logic is similar to an old Fiat car in Delhi selling for less than what it would fetch as scrap. (b)Short term retrenchment occurs in order to increase efficiency. However, It is offset in the longterm by a profitable organisation creating more employment. (c)It is the wealthy who would buy the PSUs making them wealthier. Therefore, they inequality in society increases. (d)Creation of monopolies may take place. DISINVESTMENT-BOON OR BANE 45. After having seen the advantages and disadvantages of disinvestments, the ast performance of our PSUs, the non accountability of the Public sector to the Tax payer and the consumer we are sure that there is no doubt about the Disinvestment process being a boon for the nation. As the world changed in this era of globalisation, a country living in the past is doomed and economic slavery is not far behind. Proponents of anti-disinvestment campaign have a past record of pushing conglomerate like Coca-Cola out of the country, little realising that it all about creation of wealth by production and not about transfer of wealth to another country. For the poor to get rich, the rich must get richer and conversely for the rich to get richer the poor must get rich. It this is understood by one and all then the inequalities in the society become acceptable and progress becomes the norm of the day. Going slow on the disinvestments process would be to delay the progress of the country and turning around from it would only prove catastrophic for the economy and the industry. Effecieny is the keyword in the present day world and any thing produced inefficiently is at a cost that the nation has to pay one way or the other. It is better to give dole than to hire extra people and breed inefficiency. Let the government improve governance before it even thinks of Business. Let not the Pseudo profits earned by monopolistic mineral oil selling agencies like Indian Oil, HPCL etc cloud our vision. We have the example of BSNL, which when faced with private competition is coming out with innovative ideas to lure the customer, while in the past it was sleeping. CONCLUSION 46. Every time utopia is discovered in a system, utopia redefines itself. The process of corruption and correction is continuous. Same may happen with the concept of privatisation in the future. In retrospect, it is easy to fault the vision our leaders of yesteryears. If we need to fault them, it should not be for creating public owned enterprises but for killing the private enterprise by means of license raj, red tapism, lack of infrastructure, rules and rules for rules, corruption and capacity control. It remind me of a statement made by JRD Tata in one of his last interview and I quote â€Å" It is in this country that I was penalised for producing more†. I had not heard a sadder statement that day and stayed the saddest statement for a long time to come. Entrepreneur and the worker complement each other and need to co-exist. Today, government as an entrepreneur is passe. Yet, the indiscriminate pursuit of the policy, unmindful of the social setting is not without its failings. For in the interregnum, when the benefits of privatisation have not yet completely trickled down, we need sufficient social security mechanisms to ensure the poor do not turn poorer. We further need strong regulatory regimes and stronger competition laws concomitant with privatization in order to install the ‘consumer as king’, and prevent distortions in the functioning of the market by the big monopolistic players. A fine balance of these competing interests, with the ultimate goal of ‘public good’, which is essentially what the business of government is all about, should be the primary focus of any privatisation agenda. How to cite Disinvestment: Capitalism and Public Sector, Papers

Powder Metallurgy free essay sample

Powder metallurgy is the process of blending fine powdered materials, pressing them into a desired shape or form (compacting), and then heating the compressed material in a controlled atmosphere to bond the material (sintering). The powder metallurgy process generally consists of four basic steps: (1) powder manufacture, (2) powder blending,(3) compacting, (4) sintering. Compacting is generally performed at room temperature, and the elevated-temperature process of sintering is usually conducted at atmospheric pressure. Optional secondary processing often follows to obtain special properties or enhanced precision. 1] Two main techniques used to form and consolidate the powder are sintering and metal injection molding. Recent developments have made it possible to use rapid manufacturing techniques which use the metal powder for the products. Because with this technique the powder is melted and not sintered, better mechanical strength can be accomplished. History and capabilities The hi story of powder metallurgy (PM) and the art of metals and ceramics sintering are intimately related to each other. We will write a custom essay sample on Powder Metallurgy or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Sintering involves the production of a hard solid metal or ceramic piece from a starting powder. While a crude form of iron powder metallurgy existed in Egypt as early as 3000 B. C, and the ancient Incas made jewelry and other artifacts from precious metal powders, mass manufacturing of P/M products did not begin until the mid-or late- 19th century. [2] In these early manufacturing operations, iron was extracted by hand from metal sponge following reduction and was then reintroduced as a powder for final melting or sintering. A much wider range of products can be obtained from powder processes than from direct alloying of fused materials. In melting operations the phase rule applies to all pure and combined elements and strictly dictates the distribution of liquid and solid phases which can exist for specific compositions. In addition, whole body melting of starting materials is required for alloying, thus imposing unwelcome chemical, thermal, and containment constraints on manufacturing. Unfortunately, the handling of aluminium/iron powders poses major problems. [3] Other substances that are especially reactive with atmospheric oxygen, such as tin, are sinterable in special atmospheres or with temporary coatings. 4] In powder metallurgy or ceramics it is possible to fabricate components which otherwise would decompose or disintegrate. All considerations of solid-liquid phase changes can be ignored, so powder processes are more flexible than casting, extrusion, or forging techniques. Controllable characteristics of products prepared using various powder technologies include mechanical, magnetic,[5] and other unconvent ional properties of such materials as porous solids, aggregates, and intermetallic compounds. Competitive characteristics of manufacturing processing (e. g. , tool wear, complexity, or vendor options) also may be closely regulated. Powder Metallurgy products are today used in a wide range of industries, from automotive and aerospace applications to power tools and household appliances. Each year the international PM awards highlight the developing capabilities of the technology. [6] Isostatic powder compacting Isostatic powder compacting is a mass-conserving shaping process. Fine metal particles are placed into a flexible mould and then high gas or fluid pressure is applied to the mould. The resulting article is then sintered in a furnace. This increases the strength of the part by bonding the metal particles. This manufacturing process produces very little scrap metal and can be used to make many different shapes. The tolerances that this process can achieve are very precise, ranging from +/- 0. 008Â  inches (0. 2Â  mm) for axial dimensions and +/- 0. 020Â  inches (0. 5Â  mm) for radial dimensions. This is the most efficient type of powder compacting. (The following subcategories are also from this reference. )[7] This operation is generally applicable on small production quantities, as it is more costly to run due to its slow operating speed and the need for expendable tooling. oda[8] Compacting pressures range from 15,000Â  psi (100,000 kPa) to 40,000Â  psi (280,000 kPa) for most metals and approximately 2,000Â  psi (14,000Â  kPa) to 10,000Â  psi (69,000 kPa) for non-metals. The density of isostatic compacted parts is 5% to 10% higher than with other powder metallurgy processes. Equipment There are many types of equipment used in Powder Compacting. There is the mold, which is f lexible, a pressure mold that the mold is in, and the machine delivering the pressure. There are also controlling devices to control the amount of pressure and how long the pressure is held for. The machines need to apply anywhere from 15,000 psi to 40,000 psi for metals. Geometrical Possibilities Typical workpiece sizes range from 0. 25Â  in (6. 35Â  mm) to 0. 75Â  in (19. 05Â  mm) thick and 0. 5Â  in (12. 70Â  mm) to 10Â  in (254Â  mm) long. It is possible to compact workpieces that are between 0. 0625Â  in (1. 59Â  mm) and 5Â  in (127Â  mm) thick and 0. 0625Â  in (1. 59Â  mm) to 40Â  in (1,016Â  mm) long. Tool style Isostatic tools are available in three styles, free mold (wet-bag), coarse mold(damp-bag), and fixed mold (dry-bag). The free mold style is the traditional style of isostatic compaction and is not generally used for high production work. In free mold tooling the mold is removed and filled outside the canister. Damp bag is where the mold is located in the canister, yet filled outside. In fixed mold tooling, the mold is contained within the canister, which facilitates automation of the process. Hot isostatic pressing Hot isostatic pressing (HIP) compresses and sinters the part simultaneously by applying heat ranging from 900Â °F (480Â °C) to 2250Â °F (1230Â °C). Argon gas is the most common gas used in HIP because it is an inert gas, thus prevents chemical reactions during the operation. Cold isostatic pressing Cold isostatic pressing (CIP) uses fluid as a means of applying pressure to the mold at room temperature. After removal the part still needs to be sintered. Design Considerations Advantages over standard powder compaction are the possibility of thinner walls and larger workpieces. Height to diameter ratio has no limitation. No specific limitations exist in wall thickness variations, undercuts, reliefs, threads, and cross holes. No lubricants are need for isostatic powder compaction. The minimum wall thickness is 0. 05Â  inches (1. 27Â  mm) and the product can have a weight between 40 and 300 pounds (18 and 136Â  kg). There is 25 to 45% shrinkage of the powder after compacting. Powder production techniques Any fusible material can be atomized. Several techniques have been developed which permit large production rates of powdered particles, often with considerable control over the size ranges of the final grain population. Powders may be prepared by comminution, grinding, chemical reactions, or electrolytic deposition. Powders of the elements titanium, vanadium, thorium, niobium, tantalum, calcium, and uranium have been produced by high-temperature reduction of the corresponding nitrides and carbides. Iron, nickel, uranium, and beryllium submicrometre powders are obtained by reducing metallic oxalates and formates. Exceedingly fine particles also have been prepared by directing a stream of molten metal through a high-temperature plasma jet or flame, simultaneously atomizing and comminuting the material. On Earth various chemical- and flame-associated powdering processes are adopted in part to prevent serious degradation of particle surfaces by atmospheric oxygen. Atomization Atomization is accomplished by forcing a molten metal stream through an orifice at moderate pressures. A gas is introduced into the metal stream just before it leaves the nozzle, serving to create turbulence as the entrained gas expands (due to heating) and exits into a large collection volume exterior to the orifice. The collection volume is filled with gas to promote further turbulence of the molten metal jet. On Earth, air and powder streams are segregated using gravity or cyclonic separation. Most atomised powders are annealed, which helps reduce the oxide and carbon content. The water atomized particles are smaller, cleaner, and nonporous and have a greater breadth of size, which allows better compacting. Simple atomization techniques are available in which liquid metal is forced through an orifice at a sufficiently high velocity to ensure turbulent flow. The usual performance index used is the Reynolds number R = fvd/n, where f = fluid density, v = velocity of the exit stream, d = diameter of the opening, and n = absolute viscosity. At low R the liquid jet oscillates, but at higher velocities the stream becomes turbulent and breaks into droplets. Pumping energy is applied to droplet formation with very low efficiency (on the order of 1%) and control over the size distribution of the metal particles produced is rather poor. Other techniques such as nozzle vibration, nozzle asymmetry, multiple impinging streams, or molten-metal injection into ambient gas are all available to increase atomization efficiency, produce finer grains, and to narrow the particle size distribution. Unfortunately, it is difficult to eject metals through orifices smaller than a few millimeters in diameter, which in practice limits the minimum size of powder grains to approximately 10 ? m. Atomization also produces a wide spectrum of particle sizes, necessitating downstream classification by screening and remelting a significant fraction of the grain boundary. Centrifugal disintegration Centrifugal disintegration of molten particles offers one way around these problems. Extensive experience is available with iron, steel, and aluminium. Metal to be powdered is formed into a rod which is introduced into a chamber through a rapidly rotating spindle. Opposite the spindle tip is an electrode from which an arc is established which heats the metal rod. As the tip material fuses, the rapid rod rotation throws off tiny melt droplets which solidify before hitting the chamber walls. A circulating gas sweeps particles from the chamber. Similar techniques could be employed in space or on the Moon. The chamber wall could be rotated to force new powders into remote collection vessels,[9] and the electrode could be replaced by a solar mirror focused at the end of the rod. An alternative approach capable of producing a very narrow distribution of grain sizes but with low throughput consists of a rapidly spinning bowl heated to well above the melting point of the material to be powdered. Liquid metal, introduced onto the surface of the basin near the center at flow rates adjusted to permit a thin metal film to skim evenly up the walls and over the edge, breaks into droplets, each approximately the thickness of the film. [10] Other techniques Another powder-production technique involves a thin jet of liquid metal intersected by high-speed streams of atomized water which break the jet into drops and cool the powder before it reaches the bottom of the bin. In subsequent operations the powder is dried. This is called water atomisation. The advantage is that metal solidifies faster than by gas atomization since the heat capacity of water is some magnitudes higher, mainly a result of higher density. Since the solidification rate is inversely proportional to the particle size smaller particles can be made using water atomisation. The smaller the particles, the more homogeneous the micro structure will be. Notice that particles will have a more irregular shape and the particle size distribution will be wider. In addition, some surface contamination can occur by oxidation skin formation. Powder can be reduced by some kind of pre-consolidation treatment as annealing. sed for ceramic tool Powder compaction [pic] [pic] Rhodium metal: powder, pressed pellet (3*105 psi), remelted Powder compaction is the process of compacting metal powder in a die through the application of high pressures. Typically the tools are held in the vertical orientation with the punch tool forming the bottom of the cavity. The powder is then compact ed into a shape and then ejected from the die cavity. [7] In a number of these applications the parts may require very little additional work for their intended use; making for very cost efficient manufacturing. The density of the compacted powder is directly proportional to the amount of pressure applied. Typical pressures range from 80 psi to 1000 psi, pressures from 1000 psi to 1,000,000 psi have been obtained. Pressure of 10 tons/in? to 50 tons/in? are commonly used for metal powder compaction. To attain the same compression ratio across a component with more than one level or height, it is necessary to work with multiple lower punches. A cylindrical workpiece is made by single-level tooling. A more complex shape can be made by the common multiple-level tooling. Production rates of 15 to 30 parts per minutes are common.

The Main Conditions of the Special Education

There is no use denying the fact that nowadays education plays an important role in the life of every person. The thing is that due to the achieved level of technical development a person obtains a great number of facts every day.Advertising We will write a custom essay sample on The Main Conditions of the Special Education specifically for you for only $16.05 $11/page Learn More Moreover, he/she should process them and be able to use all information which comes from different sources. Besides, taking into account tempos of the development of science nowadays, it is possible to assume that new approaches to some traditional things will appear and a person should be ready to face these challenges Under these conditions, the issue of special education obtains great importance. The thing is that there have always been people with some special needs. Thus, nowadays they also want to become the part of a scientific sphere and obtain a good education. Moreover , technical revolution created many various remedies which could help people with special needs to obtain knowledge. With this in mind, it is possible to say that the issue of special education should be given especial importance and researched nowadays. Investigating this issue, it is possible to say, that it is quite easy to obtain the needed information. The thing is that the key words like special education, special needs, value-added assessment, teacher preparation could help to find the needed sources connected with the issue. Moreover, there are no certain search limiters as a great number of sources, found with the help of these key words, could be used for the investigation of the issue. The only thing which should be given especial importance is the credibility of a source. A researcher could not use the information which is not proved and can distort results of the investigation. That is why, only scholarly sources could be recommended for investigation. For example, peer reviewed articles could be used to obtain the needed information connected with the issue. The term peer reviewed means that specialists, who investigate the same sphere and are informed about the latest tendencies in it, have read and analyzed the given work and found it credible. This source could become very useful in any research project as it could suggest some new idea or vision of the problem and, moreover, it does not contradict to the leading thought. That is why it is vital to use peer reviewed sources in any research work. The next two articles belong to the sources of this kind. The first one is Special Education Services Received by Students With Autism Spectrum Disorders From Preschool Through High School. It centers around special education services provided for students with Autism Spectrum Disorders. (Wei, Wagner, Christiano, Shattuck, Yu, 2013).Advertising Looking for essay on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More The work analyzes the main conditions under which these students study and suggests a certain vision of the qualities and skills which a teacher, who work with them, should obtain. The second article is entitled Inclusion of Children With Special Needs in Early Childhood Education. The authors also cogitate about the environment which is demanded for children with special needs (Lee, Yeung, Tracey, Barker, 2015). Moreover, they outline the fact that a teacher should be prepared and be ready to work with these people. From these two articles, it becomes obvious that the issue of special education is rather complicated and it demands creation of a certain environment for students with special needs and, moreover, teachers should also be prepared for this kind of work. References Gansle, K., Noell, G., Beckers, G., Stringer, A., Roberts, N., Burns, J. (2015). Value-Added Assessment of Teacher Preparation. Implications for Special Education. Intervention in School and Cl inic, 51(2). 106-111. doi: 10.1177/1053451215579267 Kennedy, M., Alves, K., Rodgers, W. (2015).Innovations in the Delivery of Content Knowledge in Special Education Teacher Preparation. Intervention in School and Clinic, 51(2). 73-81. doi: 10.1177/1053451215579268 Lee,F., Yeung, A., Tracey, D, Barker, K. (2015) Inclusion of Children With Special Needs in Early Childhood Education. What Teacher Characteristics Matter. Early Childhood Special Education, 35(2), 79-88. doi:10.1177/0271121414566014 Powell, S. (2015)Connecting Evidence-Based Practice With Implementation Opportunities in Special Education Mathematics Preparation. Intervention in School and Clinic, 51(2). 90-96. doi: 10.1177/1053451215579269 Wei, X., Wagner, M., Christiano, E., Shattuck, P., Yu, J. (2013). Special Education Services Received by Students With Autism Spectrum Disorders From Preschool Through High School. Journal of Special Education, 48(3). 167-179. doi: 10.1177/0022466913483576Advertising We will wri te a custom essay sample on The Main Conditions of the Special Education specifically for you for only $16.05 $11/page Learn More This essay on The Main Conditions of the Special Education was written and submitted by user Jaylen Ochoa to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Crude Oil essays

Crude Oil essays Crude oils are unprocessed oils mined straight from the oil source. Crude oils are such a useful starting point for so many different substances because they contain hydrocarbons. Crayons, plastics, heating oil, jet fuel, kerosene, synthetic fibres and tires are all originally made from crude oils. Crude oil contains hundreds of different types of hydrocarbons all mixed together. On average, crude oils are made up of carbon, oxygen, hydrogen, sulphur, nitrogen, metals and salts. It is essential to separate the different types of hydrocarbons through a process called fractional distillation to produce anything useful. Fractional distillation is a constructive method for separating a mixture of substances with narrow differences in boiling points, and is the most important step in the refining process of crude oil. Crude oil consists of a mixture of various substances of near boiling points so the first step is to separate these substances through fractional distillation. The crude oil mixture is heated at high temperatures, usually done with high pressure steam at 600 degrees Celsius. In this heat, the mixture boils forming vapour. The vapour enters the fractional distillation column that is filled with trays with many holes or bubble caps in order to allow the vapour to pass through. The trays increase the contact time between the vapour and the liquids in the column. The bubble caps help to slow down the vapours as they rise through the column. As the vapour rises through the trays in the column, it cools. When a substance in the vapour reaches a height where the temperature of the column is equal to that substance's boiling point, it will condense to form a liquid. Small molecules of hydrocarbons have low boiling points, while larger molecules have higher boiling points. The substance wi th the lowest boiling point will condense at the highest point in the column; substances with higher boiling points will conden ...

Semantic Clues assignment Essay Example | Topics and Well Written Essays - 500 words

Semantic Clues assignment - Essay Example (1) Determine if the word is defined in the sentence; e.g., an oncologist is a doctor that treats cancer. (2) Discover whether the unknown word is placed in contrast or opposition with a known word using signals like but, however, yet or in contrast; e.g., we are either right- or left-handed, but Rita is ambidextrous. (3) Refer to your background knowledge to guess the meaning of a word; e.g., John has been a teetotaler since his drunken driving accident. (4) Put together some of the main points or attributes associated with a word; e.g., her quick, nervous, and angry greeting signaled her petulance. (5) Look for examples, as when the unknown word indicates a general category and the sentence includes words that would fit under that category (usually works with nouns); e.g., Childhood maladies such as mumps, chicken pox, and measles can be treated easily. 4. (a) Why did Andrew suspect his sister (b) Who were the players in the baseball cards that Andrew was missing (c) Why did Andrew's father lack concern for the missing cards (d) How did Andrew show that he was upset 5. Children respond to print through environmental experiences and shared reading of quality texts. By modeling specific phonetic skills, sounding out some words as they are written without explicit teaching of letter-sound relationships, teachers can develop phonemic awareness in children.

Business management Essay Example | Topics and Well Written Essays - 1000 words - 1

Business management - Essay Example mportant when assessing the potential success of a business partnership prior to implementation since it gives a general overview of the market situation in relation to the goals of the alliance hence makes it easier to draft business strategies. The main variables analysed are the resources available to the alliance, the marketplace competitive advantage and prospective financial performance superiority. According to the model, competition typically consists of the continuous struggle among organizations for comparative advantages in their amount and quality of resources that will result to better marketplace positions (also competitive advantage) and, in so doing, superior financial performance. An analysis of these two partnerships using the resource-advantage theory shows that the partnerships put all partners involved at an advantage over their competitors, promising increased revenue returns on the venture through several avenues such as an expanded market segment, production o f high quality products and also expansion of the resource base (including funding, staff expertise and infrastructure). Google (derived from ‘googol’ meaning 10100) began as a thesis of two Ph.D. students at Stanford University who later became its founders (Google Inc. 2014: Para 1). Over the years, it has made enormous progress, made possible through a chain of acquisitions and partnerships with the aim of constantly improving customer experience through creativity and innovation. Some of the major alliances that Google has undertaken include the partnership with the National Aeronautics and Space Administration (NASA) and more recently, an alliance with carmakers called the Open Auto Alliance. Below is a schematic diagram of the resource-advantage model adapted from Hunt and Morgan (1997) Alliance with NASA has got very promising prospects. The main intent of this partnership is to increase innovation in the use of the internet to make it more productive and accessible. The

Business Strategy Able Corporation Essay Example | Topics and Well Written Essays - 1000 words

Business Strategy Able Corporation - Essay Example To avoid this situation, it is important to take into account operational and measurable factors and data for various attributes. "A vision statement pushes the association toward some future goal or achievement, while a mission statement guides current, critical, strategic decision making" (Drohan, 1999 cited Cardani n.d.). At first, it is important to identify the target audience of the company and analyze whom the mission statement is addressed to. The mission statement is based on goals and performance of the company and answers the question: "Why do we exist" (Hamel, Prahalad 1996). The information needed for the mission statement includes current and future goals, purpose and main priorities of Able Corporation. This information can be found in financial documents of the company and its advertising slogans, strategic plans and corporate objectives of Able Corporation. It is known that Able Corporation operates on the electronic market proposing customers a wide range of portabl e electric power tools of professional and consumer quality. Also, it manufactures some products for the cordless business segment being an innovator in this market segment. Establishing a value creation agenda is paramount to meeting the challenges of today's competition. Organizations like Able Corporation must examine their value added in the services they provide, develop a capability to rapidly create and deploy product service offerings as customers' requirements evolve, realign the organization in order to make customer relationship management a core competency and establish a network of partners that provides a broad range of product offerings. Able Corporation must re-examine the value it add to products and determine what the primary added value is, if it will remain valuable over time and if it is perceived by customers as a clear differentiation in the market. When formulating a strategy to derive a value proposition, organizations should consider the following factors: technology will continue to alter consumer interaction, brand identity must be distinct and identifiable, mature markets are often areas of great change, major changes in the market create many new opportunities, etc (Frame, 2003). The main elements that might be contained in Able's value proposition should be the customer segment and the core differentiation of its products from competitors. Customers are the main driven force in this market, so it is crucial to take into account their needs and expectations. Simply reshuffling the existing organization provides little value as a beginning stage to reshaping the culture and attitudes towards a customer-focused orientation. Establishing a value creation agenda is vital to meeting the challenges of today's competition. Abel Corporation must examine its products and develop a capability to rapidly create and deploy product offerings as customers' requirements evolve, realign the organization in order to make customer relationship management a core competency and establish a network of partners that provides a broad range of offerings. The value proposition of the value network lies in the organization's ability to collect resources to fulfill a process and/or opp ortunities that may or may not be delimited by time. The main principles of strategic development will be innovations,

Chlorhexidine-Alcohol versus Povidone-Iodine

Chlorhexidine-Alcohol versus Povidone-Iodine Although it is intentioned that surgical procedures remain sterile around 5% result in infection; infected surgical sites are the leading cause of iatrogenic infection among surgical patients (Kalb, Lefevre, Dididze, Levi, 2013). Current practice aiming to reduce infection is comprised of cleansing the skin with a prepping agent and covering the patient with sterilized drapes and towels. Surgical site infection results in harm to the patient, delay in patients returning to previous function, strain on staff, and negatively affects a hospitals ability to be financially compensated. As infections can be caused by microbiota on the skin, cleansing the site prior to incision is an imperative step in infection prevention. There are various cleansing agents used in existing practice; however, many hospitals, including the authors, do not have a standard practice in choosing a prepping agent. The myriad of sterile preparation solutions at this institution are betadine (10% povidone iodine) , hibiclens (chlorhexidine gluconate), and chlorhexidine alcohol. Current pre-operative skin preparation with one of these solutions is largely dictated by what is available, in close proximity, or surgeon preference. The 1999 Center for Disease Control (CDC) recommendations for surgical site infection prevention contains the use of antiseptic solution (Jarral, McCormack, Ibrahim, Shipolini, 2011); moreover, no solution has been identified as preferred. Despite the hospitals compliance with the CDC, standardizing practice may result in better patient outcomes and reduced cost. Review of literature suggests some solutions may have benefits over others regarding infection prevention. Bazzi et al. (2016) found patients that receive alcohol based chlorhexidine solution were 30% less likely to suffer from a surgical site infection (SSI) when compared to povidone iodine. Post application chlorhexidine has also been shown to have a sustained release action in its antiseptic properties, and, in 2002, the CDC urged hospitals to consider it first line. It is worth noting that solutions should not be used in conjunction as chlorhexidine can be inactivated by iodine and that iodine does not have the sustained antiseptic properties and is harmful to open wounds. Solutions may be contraindicated in the event of an allergy or high risk of harm such as burning, neuro-, or ototoxicity; neonates are at high risk of adverse event when using chlorhexidine. The AORN (2016) suggests all female surgical candidates provide a urine hgc pregnancy test to mitigate possibilities of h arm to a fetus. Hospitals that utilize solutions that come in a multiple use option are often at higher risk for error; this risk for error can be attributed to the human component as there may be a lack of training and differences in technique. This risk is further complicated by solutions often needing to be mixed, mixing a solution under poor or varied technique can lead to improper concentration and, thus, more infection. This risk associated with human error can be mitigated by implementing the use of one time use measured applicators. The single use system has an additional benefit of delivering solution deeper in the epidermis with application and removes direct patient touch reducing possible cross contamination. The multi-use option does provide an economic incentive on the front end; however, a possible increase in preventable SSIs would end up costing more money. As such, transitioning to a single-use applicator system both decreases risk of infection by removing potential human error and is a financially savvy option. STAKEHOLDER When undergoing a potential practice change involving both policy and product change a team of stakeholders need be gathered to address effectiveness, patient outcomes, and financial burden. Stakeholders will work as a team to acquire necessary information, pilot, and implement change. The stakeholder task force for the proposed change will include representation from the surgery teams, hospital board, and infection control. Infection control and surgery teams will work together to pilot a practice change regarding single use chlorhexidine; infection control is necessary because they are responsible for helping reduce risk of infection including SSIs, the surgery team (nurses, surgeons, techs, etc.) are needed as they implement and practice change. This pilot phase will aim to reduce SSIs and homogenize application technique. After the pilot phase is completed, and if it has shown to decrease SSI in piloted areas findings will be presented to hospital administration to analyze and ma ke a final decision on practice and product change and possibly implementing system wide. EVIDENCE BASED SUMMARY This topic was chosen as standardized practice often leads to better patient outcomes. The author works on an inpatient transplant surgical unit. Transplant recipients are pharmacologically immunosuppressed placing them at higher risk for infection. Having a great practice model and ideal equipment is paramount in reduction of this risk. Title #1: Chlorhexidine-Alcohol versus Povidone-Iodine for Surgical Site Antisepsis. This article provided by the New England Journal of Medicine gave a study of surgeries and related surgical site complications with Chlorhexidine-Alcohol versus Povidone-Iodine. The article provided both pros and cons to each used and the findings consistent with using the chlorhexidine-alcohol prep for surgical cases. Title #2: Comments on review of preoperative skin prep study. This article is from the AORN and is information from surgeons and surgical nurses opinions and finding or results on preferred surgical site prep solutions. Title #3: Pre-Application Evaporation of Surgical Preparation Solutions: Does It Matter?This study was to confirm that surgical prep solutions that contain alcohol were better at eliminating microorganisms. The CDC does not have any antisepsis guidelines regarding how long surgical prep solutions can be left out in open air prior to surgery. Samples in the study were ta ken at an initial set up time, 30 minutes, 60 minutes, and 120 minutes of the time the solution was set out in open air. The Alcohol Iodine solution showed a large decrease in the amount of alcohol content of the solution in only 30 minutes. The Alcohol Chlorhexidine solution had only a marginal drop over the 120 minute interval. The end conclusion of this study was that it had a recommendation for surgical prep solution to be used immediately after pouring and that alcohol chlorhexidine did not have a significant loss of alcohol concentration if it was set out prior to the surgical case. Title #4 Should Surgeons Scrub with Chlorhexidine or Iodine Prior to Surgery?This study is a meta-analysis study that questioned whether chlorhexidine was equal to or a better surgical hand scrub than povidone iodine. The study researched 593 papers. The study was found to reveal that even though both solutions reduce that bacterial count post scrubbing, the chlorhexidine was in fact better to use and longer lasting. In order to determine this, the studies determined how many colonies of bacteria were reduced after the use of each different hand scrub. The studies also measured bacterial colony counts for a number of days post-surgery. The clinical bottom line was that chlorhexidine and povidone iodine both had a reduction in bacterial counts immediately after scrubbing but the chlorhexidine had a greater reduction. Povidone iodine showed a lack of residual activity when compared to the chlorhexidine. Title #5: The use of Anti-Septic Solutions in the Prevention of Neurosurgical Site Infections. This is a cohort study that sampled recent meta-analysis to evaluate the different methods of surgical pre solutions used at different institutions across the US. The solutions being evaluated were betadine, Dura prep, chloraprep, and the possible combination of the three. The study used 128 surgical departments and the departments were to provide surgical site infection percentages. I t was the conclusion of this study that even though research literature supported the use of chloraprep over betadine and Dura prep, the majority of the surgical institutions continued to use the betadine solution. RECOMMENDATION The goal for any type of surgical cleanse solution will be to reduce any instance of surgical infections in a safe, cost effective, and complete manner. The hospital will choose the right product that is cutting costs, being most effective, saving surgical time, and has the safest results for the patient. The cost by the initial purchase of the prefilled solution applicators might be slightly more than multi use bottles, but the money will be saved by providing a prep that is less messy, applied quicker, more efficient, and improves drape adhesion. These are all benefits that will prevent the sterility of the patients surface from being compromised (Parson, 2003). As the hospital develops a standardized protocol for a surgical cleanse solution, the cost saving measures can be visualized through buying the one cleanse in bulk and the patient safety numbers for a reduction in infection rate. Based on the reviewed literature, it is recommended that the hospital change to a standardized chlorhexidine solution and use a povidone iodine solution in those cases where a patient could be allergic to chlorhexidine or if chlorhexidine is contraindicated in a particular surgery. The surgery department will also set new standards on preparation of the chlorhexidine and iodine solutions based on the research completed. Both of the prep solutions will not be prepared by the OR tech until the patient is on the operating table. The solution used will be used from unopened containers and any excess in the bottles will be discarded as waste to ensure adequate alcohol concentrations of the solution. PRACTICE CHANGE MODEL The facility with use the Eight Step change model proposed by Kotter; the desired outcome is successful implementation of the practice change with few delays. The initial step creates urgency and necessity for change; infection control and surgical departments will collect data on current infection rates. Subsequently, stakeholders will find staff that agrees with the change and has a desire to carry the change forward. Unit councils and word of mouth from employees to their peers will show change is need and there is general support for the practice change. During the third step a formalized vision and strategy for change will begin to circulate. The strategy will involve emails, flyers in staff viewing areas, and discussion at every staff meeting. The vision will circulate on all surgical units simultaneously to encourage organic support. After the vision is clearly established then communication from management, administration, and perceived staff leaders will relay the importance of the practice change. Kotters fifth step will include destruction of potential kickback and barriers to change. Kickback can include resistance to change, old materials still available, and old policies still accessible. These barriers can be undermined by updating policy and removing any supply that is out of compliance with the practice change. Conversely, the next step includes positive reinforcement and reward for short term achievable goals. This includes a stepped approach at compliance and acknowledging staff for their work and desire to do what is best for the patient. Step seven builds on step six, but cautions too much reward to early; rewards should not be used as motivation or signal completeness. Rewards a necessary; however, they are to be used as progress markers. Anchoring the practice change as the stauts quo is the final step in implementation. The change must have support of staff and administration and become the only standard of care. (Schmidt Brown, 2012).F 1 and F2All operating rooms must be meticulously sterile and safely maintained; this attention to detail is essential for hospitals wishing to provide quality care and prevent possible infection. Infections at the surgical sire are dangerous for patients and damaging to hospitals. The dangers to patients include delayed healing and readmission; hospitals suffer a financial loss. In addition to financial loss, the institutions reputation cn be affected potentially leading to fewer people seeking out care at the facility resulting in increased strain on other hospitals and delay of patient care. Education leaders at the facility till set up in-service opportunities to provide staff with appropriate knowledge and procedures for implementing change. The hospital will set new SSI goal rate, information about the new solution, and stressing the importance of wasting opened unused solution and materials. Elsewaisy, Ameen, Sydenham, (2012) suggests using professional resources from the man ufacture to provide proper education. During the first week of the implementation of the new solution, there will be extra staff in the operating rooms in assisting with proper application for prepping the surgical patients. Data will be collected at intervals of change week, at two weeks post change, one month post change, three months post changes, and six months post change. This data will be measured to determine if the goal of decreasing surgical site infection rate was achieved. BARRIERS Research, evidence-based practice, and practice change invariably meet resistance when challenging the status quo. As the proposed project change will rely heavily on staff nurses, it is necessary to both involve staff in the development stage and provide succinct easily digested rationale to encourage ownership of the practice change. Various reasons can prevent bedside nurses from becoming vested in a practice change from lack of knowledge or training in interpreting and applying research to being focused on their respective daily tasks and care of the patient. The administration and stakeholders must make the practice changes goals attainable and show the end-user (nurses) the benefits both to their workflow and the safety of the patient. To combat potential resistance administration should support and encourage the nursing staff to ask questions and provide insight into how practice change will flow smoothly; presenting the practice change as an opportunity to grow and provide be tter care with encourage many staff nurses to get on board with the change. The hospital discussed provides several resources for nurses and other staff to perform their own research. As the change is relatively simple and straightforward after initial resistance is discussed many barriers dissipate; making the practice change the new normal makes training easier as new staff will only be trained in one method contributing to a paradigm shift in groupthink. Remaining barriers include cost and vendor problems. As previously discussed the upfront cost is greater than current practice; however, successful implementation will decrease SSIs, thus decreasing costs and justifying upfront expenses. Vendor problems and supply chain interruption could hinder implementation in the future; moreover, these are problems outside of the organizations control. Before change a starting point to be used as a frame of reference is imperative to determine the gap from current to desired practice. This reference point can be used to identify any other barriers that could arise, and will signal stakeholders the appropriate amount of education and time to prepare for full practice change. This can be done with focus groups, online questionnaires, and staff observation. Assessing and listening to the concerns and needs of the staff will mitigate any barriers the organization will face in its practice change. ETHICAL IMPLICATIONS The range of possible ethical implications in this proposed practice change is veritably limited. One could stretch a line of thinking proposing that key drivers in the practice change also have financial ties to companies that could possibly receive contracts due to these practice changes; however, such speculation is fanciful and out of line. Utilizing a cost benefit analysis, one could argue that it might be unethical to not move forward with a practice change, as the practice change suggests lower rates of SSI and therefore potentially decreases overall cost. As the practice change involves a trial period, all patients will be informed and asked to give consent before partaking in the trial phase. Because the proposed change does not single-out any specific group of patients complies with HIPAA regulations minimally ethical considerations will surround patient privacy. It appears the only concern for unethical outcomes related to this practice change would be gross negligence or intentional violation of the law. References Bazzi, A., Harris, J., Morgan, D., Pearlman, M., Reynolds, R., Campbell, D., Uppal, S. (2016). 15: Chlorhexidine-alcohol compared with povidone-iodine for surgical-site antisepsis after abdominal hysterectomy. American Journal Of Obstetrics Gynecology, 214S463. doi:10.1016/j.ajog.2016.01.024 Elsewaisy, O., Ameen, Y., Sydenham, D. (2012, March 2, 2012). Pre-Application Evaporation of Surgical Preparation Solutions: Does It Matter? Surgical Science. http://dx.doi.org/10.4236/ss.2012.34035 Jarral, O. A., McCormack, D. J., Ibrahim, S., Shipolini, A. R. (2011, February 14, 2011). Should Surgeons Scrub with Chlorhexidine or Iodine Prior to Surgery. Interactive Cardiovascular and Thoracic Surgery, 12, 1017-1021. http://dx.doi.org/10.1510/icvts.2010.259796 Kalb, S., Lefevre, R. D., Dididze, M., Levi, A. D. (2013, August 4, 2013). The Use of Anti-Septic Solutions in the Prevention of Neurosurgical Site Infections. Clinical Microbiology. http://dx.doi.org/10.4172/2327-5073.1000124Schmidt, N. A., Brown, J. M. (2012). Evidence-based practice for nurses: Appraisal and application of research. Sudbury, MN: Jones and Bartlett Learning. The Association of Perioperative Registered Nurses. (2016). Recommended practices for skin preparation of patients. AORN Journal.

Faith in A Very Old Man with Enormous Wings Essay -- Enormous Wings Es

Faith in A Very Old Man with Enormous Wings      Ã‚   In Gabriel Garcia Marquez's short story, "A Very Old Man with Enormous Wings," an unexpected visitor comes down from the sky, and seems to test the faith of a community. The villagers have a difficult time figuring out just how the very old man with enormous wings fits into their lives. Because this character does not agree with their conception of what an angel should look like, they try to determine if the aged man could actually be an angel. In trying to prove the origin of their visitor, the villagers lose faith in the possibility of him being an angel because he does not adhere to their ordered world. Marquez keeps the identity of the very old man with enormous wings ambiguous to critique the villagers and, more generally, organized religion for having a lack of faith to believe in miracles that do not comply with their master narrative. In order to keep the origin of the old man a mystery, Marquez uses a technique known as magical realism. This combination of reality and fantasy helps to remove some of the grandeur behind the potential angel. When the old man is first introduced he does not descend from heaven in a blaze of light and glory, but rather lands in a "stew of mud and rotten shellfish" (313), during a storm that had lasted for three days. To investigate the "moving and groaning in the rear of the courtyard" Pelayo "had to go very close to see that it was an old man, a very old man, lying face down in the mud, who, in spite of his tremendous efforts, couldn't get up, impended by his enormous wings" (313). This description is hardly the image that one would conjure up when visualizing an angel coming down from the heavens. Rather, Marque... ...age people are able to rationalize that the angel is mortal, and just an annoying part of their everyday life. When the villagers cannot determine the true nature of the angel, they condition themselves to ignore what is standing before their very eyes. Only after the angel finally flies away becoming "an imaginary dot on the horizon of the sea" (317) does anyone pause to look at the angel. Works Cited and Consulted Chanady, Amaryll. "Magical Realism in Spanish American Literature." Magical Realism: Theory, History, Community. Ed.Louis Parkinson Zamora and Wendy B. Faris. Durham, N.C: UP, 1995: 125-144. Garcia Marquez, Gabriel. "A Very Old Man With Enormous Wings." The Norton Introduction Literature. Ed. Jerome Beaty.N.Y. : W.W. Norton and Company, 1996.525-529. Sandner, David. The Fantastic Sublime. Westport: Greenwood Press, 1996. 51-55.