Intermediate Micro economics. In absence of govt. intervention, market Essay

Intermediate Micro economics. In absence of govt. intervention, market resources allocated to health tend to be below the social - Essay Example However, this is only the case when a government is in question. There are several debates regarding the issue of giving healthcare in the hands of private sectors, but there is a speculation regarding the treatment of healthcare as that of a business with a sole purpose of achieving profits. On the other hand it is also said that in order to maintain a market share in healthcare, the private sector players will strive to provide the best type of technology, which would be more convenient and advanced, and heavy on the people’s pockets. A study of the importance of the role that a government intervention plays in the healthcare also brings to light the adverse effects of its absence. The concept of a socialist system of government believes that it is the government’s job to provide all basic facilities to the people in general with no disparities between income classes and backgrounds as long as they are all citizens of the same society. Basic necessities like education and healthcare should be provided to all, unlike the competitive markets for other consumer commodities. Multi-tier system offers different levels of quality but a single tier system is the true essence of a democratic socialist system where all people are equal when it comes to basic rights. The government provide healthcare through subsidies that are derived from the pool of general taxation. Where socialism is flexible in terms of existence of private entities too, it is often mistaken for a democratic system. The Healthcare system in the US has been center of much controversy for the past few years. This is because of the high costs of healthcare as a result of the influx of an array of private medical institutions and lack of government regulations to hamper their excessive profiteering. This has resulted in the emergence of insurance based healthcare, usually backed by employers as it is not affordable by the general public (Cfeps.org, 2013). The current government has offere d incentives for a better system in place with maximum government intervention to ensure that the masses are provided with adequate healthcare reasonably. Healthcare is a major concern for the people all over and history proves that it is imperative for the government to have a regulatory body in place to ensure people’s satisfaction over this dire need of theirs. Private and publicly funded healthcare systems running in some countries in the world have been a point of controversy. This is because one side holds the notion that provision of healthcare should be government funded and be provided as a free service to the people from the government revenues. Whereas, public funded healthcare which is provided free, drawing from the pool of health tax imposed on the general public, has been seen as an effective system as well (Saltman & Busse et al., 2004). This is where the economic externalities come into play as well since not all the people are availing expensive healthcare f acilities, and some of them who are, are those who have not paid fully for it, resulting in the negative externality for the former and a positive one for the latter. Government intervention in the private markets in the form of imposing regulations and restrictions have been viewed as a hindrance because this tends to de-incentivize the induction of new and more technologically advanced health based companies in the system (Lewis, 2000).

Research Paper Essay Example | Topics and Well Written Essays - 2250 words - 5

Research Paper - Essay Example Compassion fatigue refers to a stress condition which is characterised by gradual diminishing of compassion among care providers. The problem has been commonly diagnosed among individuals working directly with trauma victims from different societies. The condition is commonly characterised by hopelessness, negative attitude, constant anxiety and stress, and insomnia. This kind of stress becomes detrimental to the individuals both personally and professionally. Compassion fatigue results in individuals becoming less productive, and developing feelings of incompetence. As individuals involved in providing care to traumatised individuals, such feelings consequently cause the individuals to become cynical; hence reluctant in providing assistance (Slocum-Gori et al. 2013). The condition has commonly being referred as secondary traumatic stress (STS), because it results from an individual becoming stressed out of factors stressing others. Burnout refers to exhaustion which results from continued performance of work related responsibilities. The characteristics of burnout become visible following an individual’s continued long term exhaustion, which slowly makes the individual beginning diminishing interest in work. Burnout shows similar characteristics and effects like compassion fatigue and has been increasingly likened with compassion fatigue (Alkema et al. 2008). Psychologists have described compassion fatigues as a form of burnout experienced among caregivers, in facilities providing assistance to traumatised individuals. This research seeks to identify the various sources of compassion fatigue and burnout among individuals working within various organisations. These elements have continuous had detrimental effects on the individuals within the professional and personal perspectives. The article will seek to explore the causes and effects of these stress factors observed among individuals working within care

Youtube Time to Start Charging Users Case Study

Youtube Time to Start Charging Users - Case Study Example The move was experimental; first it offered five movies to help promote the Sundance Film Festival at a price of $3.99 for a 48 hour-viewing period. Under this plan, YouTube hoped to later allow producers to come up with their own prices to charge users (Elberse and Gupta). This was very much in line with the second revenue generation strategy fronted by Munster. The strategy sought to charge users for viewership similar to the way iTunes are operated, on subscription basis. However, like every new move, this strategy was laden with uncertainties mainly based on the users’ response to paying for a service that was initially free. Furthermore, such a move would need to come up with the category of users and content that would be charged. This is in line with the fact that not all material in YouTube would constitute value for money, a factor that would prompt YouTube to reevaluate its content (Hartley, Jean and Axel 410). Under this consideration, YouTube would have to establis h a completely new relationship with content owners who in this case would upload material based on commercial viability. In summary, getting this strategy to work would require decisions touching on users’ categories, content, and payment channels. The other strategy in monetizing YouTube’s content is charging users for uploading videos. Charging users to upload their videos would provide the resources required to meet he assortment of costs that come with running and maintaining YouTube. These costs which include cost of bandwidth, site maintenance, and storage costs represent a significant part of YouTube’s cost outlay, if this cost is offset fully or partly by users, YouTube would record significant profits (Elberse and...This is if the number of viewership and users are to be considered from a business perspective. At the moment, given the YouTube’s popularity three viable options have been considered as potential sources of YouTube’s revenues. The three are; a hybrid model where YouTube charges a portion of its users to upload their videos, charge users for downloading movies and lastly continue with the current strategy of depending on advertisement generated revenues. YouTube would have to establish a completely new relationship with content owners who in this case would upload material based on commercial viability. In summary, getting this strategy to work would require decisions touching on users’ categories, content, and payment channels. To augment their ad dollars, YouTube needs to constitute an able sales force as opposed to the current Google’s seller’s products. The other change YouTube has to enforce is shifting focus to sell individual shows and networks as opposed to the current focus on broad â€Å"audience† buys. These changes have been highlighted by YouTube programmers and very much represent the key changes likely to turnaround YouTube’s fortune. In conclusion, the best strategy remains focusing on advertisement revenue. This presents fewer risks and has great potential as well. This is given the fact that lesser entities have been able to augment their ad money and now generate much more revenue that YouTube. This underlines the fact that it is not the business that has a problem but the approach and the adopted model.

My Online Personal Presence Assignment Example | Topics and Well Written Essays - 2500 words

My Online Personal Presence - Assignment Example   The knowledge that I have gained over the years while studying at the University of Salford would greatly aid me in this task.   In addition, I would also study the literature that is available online regarding the topic. The topics posted would be written in simple English so that they can be easily understood by everyone. Furthermore, I would try and avoid using technical terms as much as possible to ensure that individuals who are not related to the field of BIT could also understand the topic with ease. With each post, the topics would get more and more advanced and would eventually discuss work that is currently being carried out in the field of BIT. Once an article is written it would then be scanned using certain SEO tools that would help detect the number of keywords used and help determine the rank that it would achieve.   Once a satisfactory rank is obtained I would post the article on the blog and publicize it using all the social media profiles I had refined earli er on. Visitors that would read my blogs would also be given the option to post comments and their opinions of what they think about the content of the blog.   The comments would act as feedbacks and would help me spot the areas I am weak in.The basic idea of writing a blog is basically to help me demonstrate my learning and research skills that I have developed over time. The demonstration of these skills would help figure an individual out the level of understanding of BIT I have developed with time.... Once I obtain my master’s degree I would try and gain entry into public service where I would have a chance to work for the betterment of the community. Using the knowledge that I develop during my years as a student I would develop policies that would help in the implementation of public programs and would also aid in the efficient management of employees. Module where I have achieved success: Of all the modules that I have studied so far at the university I have had a great deal of success with Dynamic Web Development and Advanced Web Design modules. One of the main reasons why these modules came so easily to me is because prior to my studies at University of Salford I worked as websites designer. Skills that I learnt there greatly helped me with my understanding of the course and the lectures being given by my tutors. Areas of interest: One of my greatest interests has been regarding social media websites. I have always maintained an account on some of the top social networ king websites over the past few years. Through these websites I have been able to reach a number of individuals and learnt how to optimize my profiles. Through the use of social networking websites I would be able to increase my online prominence and be able to promote various websites and blogs that would relate to my background and would provide vital information about my qualifications and skills. Online identity that requires amendment: Currently I have a number of accounts on various social media websites. The most prominent and frequently social networking websites that I use are Facebook, twitter, Google+ and YouTube. The first task that I was carrying out is that i had

Learning Journals Essay Example | Topics and Well Written Essays - 750 words

Learning Journals - Essay Example On an organization perspective, a company comprises of critical parts that one would regard as the brain such as upper management and CEO’s (Buono & David 120). Additionally, these individuals are responsible for sending information to all other sections of a company in the same way the brain transmits information. Moreover, this process requires open communication lines to enhance effectiveness since these individuals inform others on the preferred mode of operation to enhance productivity. The brain comprises of two sides namely logical and creative (Buono & David 122). Apparently, organizations comprises of these sides too. They need to be logical to perform daily operations. Moreover, they need creativity to develop novel products or modernize existing commodities. If one views the negative components of an organization using the brain metaphor, an organization tends to lose focus. This mainly occurs to companies that have not established a strategic plan. Furthermore, the se organizations tend to forget their target goals. It is not appropriate to compare an organization with a brain in this case. The main negative comparison is apparent when the brain does not converse with others parts though this may occur in an organization. Employees fail to converse among themselves causing trouble within the organization. A prime advantage of this metaphor is that it recognizes the necessities of learning institutions in a comprehensive manner. Furthermore, it also recognizes how diverse components need to complement each other. A majority of management writers have performed an excellent job in recognizing the requirements of the learning process that are necessary in making learning a reality. Therefore, the strength of this metaphor is evident in its ability to bring such components together and reveal the best approach to progress (Rhodes 1). An organization’s belief and rituals identifies culture. After investigating design Inc culture, one can see how the beliefs of the founder influenced corporate culture. An organization comprises of a culture, set by management to function in a definite method and to a particular motto (Pfister 122). Therefore, Brown developed a culture of perfection in design Inc. The basis of this culture was brown’s philosophy that attainment of work satisfaction is through meeting the perfection standards as opposed to finical reward. Moreover, this standard of perfection and development within the organization allowed Brown to trade this cultural norm to individuals wishing to join the organization. He could not provide luxuries and frills offered by different companies but provided perfection and fulfillment (Pfister 124). Therefore, one can translate that the philosophy in design Inc is the belief in excellence, founded on brown’s motto of ‘Perfection or bust’. In this study, one can see the integral role executed by a leader in a culture. This determines the values that direct an organization. Brown dreamt of establishing an organization that would be different from other companies. He often said that he does not offer jobs to people but instead provides a distinctive learning experience. Morgan suggested another metaphor that views an organization as a political system. It is simple to understand how this metaphor relates to diverse organizations. Managers occasionally indicate that authority is the basis of their association with their

Organizational Analysis Paper Essay Example | Topics and Well Written Essays - 2500 words

Organizational Analysis Paper - Essay Example ts of current policy regarding cash ordering systems, an assigned project team at SARAH proposed a somewhat radical change to internal processes and the much-required implementation of web-based, convenient cash ordering technologies. Despite the triumphs associated and a series of positive outcomes, failure to identify discrepancies in the implementation (including lack of on-the-job training and a variety of system glitches) have caused tremendous problems with the adaptation of the new cash ordering system. This report identifies the nature of these oversights and further proposes a step-by-step action plan for implementing change associated with the new, integrated technologies. Through extensive analyses, it was determined that employee training, feedback, and the creation of a culture valuing continuous improvement were necessary to streamline the new project at SARAH bank so as to provide increasing value to the organization and its customers. SARAH Bank is a flexible and progressive organization, focusing on contemporary leadership practices and continuous improvements both in terms of internal processes and customer relationship management. The vision of SARAH Bank is to emerge as the â€Å"Customer’s First Choice Bank†, however in order to make this goal a tangible reality, SARAH required significant strategic change which involved restructuring the organizational hierarchy and the adoption of new business models and internal philosophies. The organization is now heavily engrossed in the process of streamlining business functions to best accomplish its vision, including new acquisitions and the development of new products and services. These aggressive objectives had created a significant business challenge, specifically involving the efforts in adopting new products and associated technologies. The organizational unit responsible for the overall supply of cash to its branches and corporate clients within the State determined the necessity for a

Coke and Pepsi Essay Example | Topics and Well Written Essays - 1750 words

Coke and Pepsi - Essay Example cator of working capital, also means that Coca Cola operated within its working capital range and was therefore not in a good position to pay for its current liabilities as they fell due. A comparison of the company’s current ratio with the ratio in the period ended 2011 suggests a decline because 2011 had a current ratio of 1.399. This raises concern because the company could be experiencing a continuously declining solvency potential and may compromise stakeholders such as suppliers and investors. Pepsi reported a current ratio of 1.095. Like the ratio for Coca Cola, this was low, compared to the recommended ratio of 2:1. The organization therefore operated close to its working capital and was unlikely to meet its short-term liabilities as they fell due. Pepsi’s current ratio for the year ended 2011 was however 0.961, an indication that current liabilities were more than current assets. Consequently, Pepsi experienced an improvement in its ability to meet its current liabilities, from the year ended 2011 to the year ended 2012 (Debarshi, 2011). Pepsi is doing better in management of its current assets and liabilities, into better solvency. This is because it reported a higher ratio than Coca Cola did, 1.095 compared to Coca Cola’s 1.071. In addition, Pepsi improved its ratio in the year 2012 while the ratio for Coca Cola decreased to suggest better management in Pepsi than in Coca Cola. Coca Cola had better profitability than Pepsi. Return on assets measures effectiveness in use of assets to generate income. Higher values are therefore preferred. Coca Cola had a return on assets ratio of 11.46, a value higher than Pepsi’s 8.33 percent and this suggests more effective assets management in Coca Cola. The following table summarizes the companies’ return on assets ratios for the years 2010, 2011, and 2012. In addition, Coca Cola experienced improvements in its profitability over the period while profitability of Pepsi declined. Pepsi, however reported