The Code Of Ethics And Its Ethical Standards Essay

The formal definition of ethics is as follows, moral principles that govern a person’s behaviour or the conducting of an activity or alternatively the branch of knowledge that deals with moral principles. (Ethics definition: dictionary.com, 2014) The Code and Standards where first created in the 1960s and have been updated regularly since then. The Code of Ethics is an ethical benchmark for investment professionals around the world. The standards have generally been adopted regardless of job function, cultural differences and various laws that differ from country to country. As a CFA member, you are obligated to adhere to the code and its ethical standards. High ethical standards are imperative in preserving the public’s faith in economic markets and in the investments profession as a whole. CFA Institute members must follow the Code and Standards. If members do not abide by the code, sanctions may be imposed. Sanctions consist of cancelation of membership to the CFA institute, withdrawal of suitable candidacy in the CFA program, and lastly prohibition of use of the CFA (Chartered financial analyst) designation. The updated aim of the Ethical Code and Professional Conduct is to guide the investment profession across the globe by promoting the highest standards of ethics, learning, and professional superiority, which ultimately benefits society. (CFA institute handbook, 2014) The disadvantages of enforcing the code and its rules could be described as it is below. Inequality:Show MoreRelatedAca Code Of Ethics And Ethical Standards For School Counselors938 Words   |  4 PagesIn Introduction to Counseling, students learned about the ACA Code of Ethics and Ethical Standards for School Counselors. The ACA code of Ethics update in 2014 with significant changes. One of the improvements was in the preface of the code; including how human development, diversity and multiculturalism, social justice, the integrity of the counselor-child relationship, and competency align further with other professional fields. Another vital area receiving amendments was the extension of theRead MoreThe Codes Of Ethics Of The American Counseling Association1667 Words   |  7 PagesContent Comparison Professional associations establish codes of ethics to ensure that clinicians uphold the standards of their association in order to protect the clients they serve and the profession they are affiliated with. This paper will compare the codes of ethics of the American Counseling Association (ACA), American Association for Marriage and Family Therapy (AAMFT), and National Association of Social Workers (NASW). ACA Code of Ethics The ACA is an educational, scientific, and professionalRead More Codes of Ethics in Health Care Essay995 Words   |  4 PagesEthical Codes are in use today by many organizations to clearly establish their values and provide a procedure if a code violation occurs. Medical ethics began as a professional code for physicians and has now expanded and includes a variety of health care professions and health care organizations. The growth of medical knowledge and technology have grown so have the concerns that ethical standards and issues facing our society today may be compromised or not appropriately addressed (LittletonRead MoreEthical And Ethical Principles Of Psychologists And Code Of The American Psychological Association923 Words   |  4 Pagesarea in regards to legal proceedings and ethical constraints that I might have to encounter as a psychologist. Psychologists follow a set of standardized codes derived from the Ethical Principles of Psychologists and Code of Conduct of t he American Psychological Association (APA). Relying on these codes allows psychologists to make reasonable efforts to resolve an issue without violating ethical standards. If the ethics code establishes a greater standard of conduct than what is required by law,Read MoreEthical Principles, Morals And Values Of A Company Or Organization Essay1612 Words   |  7 PagesCode of ethics, are implemented to educate employees on the ethical principles, morals and values of a company or organization. Organizations such as the National Association for Social Workers (NASW), and the National Organization for Human Services (NOHS) have ethical codes in place for individuals working within the Human Services field. The American Psychological Association (APA) have ethical principles for psychologists. Furthermore, journalist’s and corporations have ethical codes they mustRead MoreEthics and Problem Solving in Organizations1292 Words   |  5 Pagesï » ¿Ethics and Problem Solving in Or ganizations I. Objective The objective of this study is to use a system of inquiry to examine the code of ethics of an organization and its effects to achieve a specific level of ethical behavior in employees, management, and executives. II. Introduction This work in writing examines the Childrens Hospital of Philadelphia Code of Ethics and to determine the type of ethical system used by the firm. The Childrens Hospital of Philadelphia specialized in providingRead MoreCode Of Ethics And Ethics895 Words   |  4 Pages A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity.1Most organization have codes of ethics that its members are required to follow and it lays out the rules and acceptable behavior of its the members on ethics and which actions are acceptable or not acceptable business practices. One industry where professional codes of ethics are important is health care. Most health care workers belong to an accredited organization of their professionRead MoreEthics And The Ethical Standards Essay1626 Words   |  7 PagesThe Ethical Standards were set up to implement direct rules for conduct as a psychologist. Most of the Ethical Standards were composed extensively to apply against psychologists in an assortment of roles, even though the utilization of an Ethical Standard may differ which is contingent upon the unique situation. The Ethical Standards are not exhaustive. The fact that a given conduct is not specifically addressed b y the Ethics Code does not mean that it is necessarily either moral or untrustworthyRead MoreEffective Ethics and Ethical Behavior1468 Words   |  6 PagesEffective ethics and ethical behavior Memorandum and Report Carol Harris TO: Rebecca M. Melton, ABC Toy Co. CEO FROM: Carol Harris, Elementary Division Manager, ABC Toy Co. DATE: 6/5/11 SUBJECT: Product quality issue and a report on ethical decision making. This memo addresses a product quality issue with a whistle included in our toy collection. I have included a report on the importance of ethical decisionRead MoreClinical Supervision in Counseling Essay1266 Words   |  6 Pagescounseling continually seek supervision. When confronted with difficult ethical decision making and unique situations in its best to gain an outside objective viewpoints. In reference to the case study, there are plenty of ethical dilemmas and unethical decisions made by Joe and his supervisor. It is clear their personal values differ from those who choose to follow ethical codes in counseling. The APA and ACA’s ethical standards and codes have certain relations in comparison to the violations which Joe

Film Study The Breakfast Club Free Essay Example, 2000 words

The film The Breakfast Club is an ensemble work that provides an exploration of how group mentality and individual growth can sometimes come in conflict, showing that social and peer group behavior is not always reflective of individual personality and growth. The following paper will explore the different ways that the film expresses the experience of adolescent growth and development. The Breakfast Club, one of the best artistic expressions of the adolescent experience, is a film that uses conflict and tension to explore the experience of growing up in America and living the adolescent experience. The film is an example of how peer group experiences influence the development of personal ideals and behaviors. Identity The Breakfast Club begins with a narrated statement written by Michael Anthony Hall’s character, Brian Johnson, who represents students who are considered to be ‘geeks’, ‘nerds’, or ‘brains’, depending on how weaker looking, but more intelligent students were categorized in any given high school. His statement is as follows: Saturday, March 24,1984. Shermer High School, Shermer, Illinois, 60062. Dear Mr. Vernon, We accept the fact that we had to sacrifice a whole Saturday in detention for whatever it was we did wrong. We will write a custom essay sample on Film Study: The Breakfast Club or any topic specifically for you Only $17.96 $11.86/pageorder now What we did *was* wrong. But we think youre crazy to make us write an essay telling you who we think we are. What do you care? You see us as you want to see us - in the simplest terms, in the most convenient definitions. You see us as a brain, an athlete, a basket case, a princess and a criminal. Correct? Thats the way we saw each other at 7:00 this morning. We were brainwashed (IMDB) This statement sets up the premise of the film as the students begin by dismissing each other as being nothing more than representative of a series of stereotypes. The beginning of the film explores the way in which they see each other through their affiliation with other students of a similar type who are categorized according to similar aspects of the physical appearance as it connected to similar interests. Truths begin to emerge about the way in which each student individualizes their experiences within the social group in which they are identified. The students become divided into two groups; with John Bender remaining on the outside of those groups similar to his classification of criminal would place him outside of societal. Molly Ringwald’s character, Claire Standish and Emilio Estevez’s character Andrew Clark represent the more powerful groups in the high school atmosphere.

Women s Influence On Women - 1007 Words

Women are most likely to be discriminated for their gender and are made less than man in any type of activity in society. The men usually tries to make the women feel bad about their gender by telling them that they are not worth anything but in reality if a women decides to she can overcome all the obstacles even better than a men. Women are also different than men in the way they interact with each other (physically and socially). According to the author â€Å"In public places, men touch women more often than women touch men. Men also touch women in more places on the body than women touch men† (Andersen, 2015, pg.3). In our society the women’s reputation is always questioned or put to risk when performing any type of action. In many cultures†¦show more content†¦The first thing females would do is criticize my outfit, especially if that female is with her friends. I can even predict their judgements especially if I am wearing a provocative outfit â€Å"Look at her she looks promiscuous† or â€Å"She looks overweight.† The first thing females do is criticize at other females because of her physical aspect. Media also plays a role because as a society we tend to adopt the idea that the only top models are â€Å"perfect† and that anyone else can’t have the top model’s appearance. According to the author â€Å"Images of women’s beauty and implicit ratings of their bodies are rampant throughout the culture† (Andersen, 2015, p. 55). On the contrary, the male’s reaction towards my physical appearance is usually directed to sexual reactions. For example, if a male observes that I am wearing a provocative outfit he would think she wants a sexual relationship, but the female is wearing a conservative outfit he would then turn at the female’s actions. Therefore if the female smiles, the male feels that she desperately wants him and this will encourage the male to establish communicati on with the female. Our cultural system have gave men the power of being the dominant gender. Furthermore our society has permitted than males than women are property of males. Males believe that females go to bars to encounter a sexual relation. According to the author â€Å"Music videos, video games, crime shows, even popular entertainment magazines such as

Why Don t More People Know About This Deadly Disease

Why don’t more people know about this deadly disease? Why is there not more funding pouring in from around the nation? After all, a disease that claims the lives of about 1,920 people ages 65 and up per day (700,000 per year) (â€Å"Facts And Figures†) deserves a little more attention. Remember, this number is just the deaths and doesn’t even include the over five million people who currently live with Alzheimer’s (â€Å"Facts and Figures†) or those who must step up daily and reteach their loved ones the most pedestrian of tasks time after time. So join me, as I travel through this Ivers 3 largely underestimated disease and some of its biggest misconceptions. The Alzheimer s disease itself is not the most dangerous factor in this issue. No, by†¦show more content†¦A woman came into his clinic with extreme paranoia and memory loss. The patient did not survive, and upon further observation of her brain, Dr. Alzheimer found a gathering of unidentifiable material around and within her nerve cells. Also, the brain was below average size, indicating brain shrinkage (â€Å"Milestones†). Since its discovery, Alzheimer s has leapt to 6th place on the United Ivers 4 State’s list of leading causes of death (â€Å"Facts and Figures†). This disease tends to hit close to home for many of us as it ranks third for causes of death in the state of North Dakota (ND Statistics†). This disease kills more people than are killed by the first and second ranking most common cancers (which are skin and lung cancer) combined (â€Å"Facts and Figures†). An estimated 10,000 will die from melanoma skin cancer in the coming year (â€Å"Skin Cancer†)and there were over 160,00 deaths from lung cancer in 2012(â€Å"Common Cancers†). While these are large numbers, they are still several hundred thousand less than were claimed by Alzheimer’s. Alzheimer s has been fast-growing with deaths having skyrocketed almost 70% in just 13 years (â€Å"Facts and Figures†), which is another reason people must be more aware of this epidemic. People who are just thirty years old can get a less common, but still very real, type of Alzheimer’s known as â€Å"early onset Alzheimer’s† which generally is found in those 40 to 50 years old (â€Å"Top

John Smith’s Letter to the Queen Free Essays

John Smith’s 1616 Letter to Queen Anne of Great Britain: Most admired Queen, The love I bear my God, my King and country, hath so oft emboldened me in the worst of extreme dangers, that now honesty doth constrain me to presume thus far beyond myself, to present your Majesty this short discourse: if ingratitude be a deadly poison to all honest virtues, I must be guilty of that crime if I should omit any means to be thankful. So it is, that some ten years ago being in Virginia, and taken prisoner by the power of Powhatan their chief King, I received from this great Salvage exceeding great courtesy, especially from his son Nantaquaus, the most manliest, comeliest, boldest spirit, I ever saw in a Salvage, and his sister Pocahontas, the Kings most dear and well-beloved daughter, being but a child of twelve or thirteen years of age, whose compassionate pitiful heart, of my desperate estate, gave me much cause to respect her: I being the first Christian this proud King and his grim attendants ever saw: and thus enthralled in their barbarous power, I cannot say I felt the least occasion of want that was in the power of those my mortal foes to prevent, notwithstanding all their threats. After some six weeks fatting amongst those Salvage courtiers, at the minute of my execution, she hazarded the beating out of her own brains to save mine; and not only that, but so prevailed with her father, that I was safely cond ucted to Jamestown: where I found about eight and thirty miserable poor and sick creatures, to keep possession of all those large territories of Virginia; such was the weakness of this poor commonwealth, as had the salvages not fed us, we directly had starved. We will write a custom essay sample on John Smith’s Letter to the Queen or any similar topic only for you Order Now And this relief, most gracious Queen, was commonly brought us by this Lady Pocahontas. Notwithstanding all these passages, when inconstant fortune turned our peace to war, this tender virgin would still not spare to dare to visit us, and by her our jars have been oft appeased, and our wants still supplied; were it the policy of her father thus to employ her, or the ordinance of God thus to make her his instrument, or her extraordinary affection to our nation, I know not: but of this I am sure; when her father with the utmost of his policy and power, sought to surprise me, having but eighteen with me, the dark night could not affright her from coming through the irksome woods, and with watered eyes gave me intelligence, with her best advice to escape his fury; which had he known, he had surely slain her. Jamestown with her wild train she as freely frequented, as her fathers habitation; and during the time of two or three years, she next under God, was still the instrument to preserve this colony from death, famine and utter confusion; which if in those times, had once b een dissolved, Virginia might have lain as it was at our first arrival to this day. Since then, this business having been turned and varied by many accidents from that I left it at: it is most certain, after a long and troublesome war after my departure, betwixt her father and our colony; all which time she was not heard of. About two years after she herself was taken prisoner, being so detained near two years longer, the colony by that means was relieved, peace concluded; and at last rejecting her barbarous condition, she was married to an English Gentleman, with whom at this present she is in England; the first Christian ever of that Nation, the first Virginian ever spoke English, or had a child in marriage by an Englishman: a matter surely, if my meaning be truly considered and well understood, worthy a Princes understanding. Thus, most gracious Lady, I have related to your Majesty, what at your best leisure our approved Histories will account you at large, and done in the time of your Majesty’s life; and however this might be presented you from a more worthy pen, it cannot from a more honest heart, as yet I never begged anything of the state, or any: and it is my want of ability and her exceeding desert; your birth, means, and authority; her birth, virtue, want and simplicity, doth make me thus bold, humbly to beseech your Majesty to take this knowledge of her, though it be from one so unworthy to be the reporter, as myself, her husbands estate not being able to make her fit to attend your Majesty. The most and least I can do, is to tell you this, because none so oft hath tried it as myself, and the rather being of so great a spirit, however her stature: if she should not be well received, seeing this Kingdom may rightly have a Kingdom by her means; her present love to us and Christianity might turn to such scorn and fury, as to divert all this good to the worst of evil; whereas finding so great a Queen should do her some honor more than she can imagine, for being so kind to your servants and subjects, would so ravish her with content, as endear her dearest blood to effect that, your Majesty and all the Kings honest subjects most earnestly desire. And so I humbly kiss your gracious hands, Captain John Smith, 1616 Related essay: â€Å"Co Curricular Activities Letter† How to cite John Smith’s Letter to the Queen, Essay examples

John Smith’s Letter to the Queen Free Essays

John Smith’s 1616 Letter to Queen Anne of Great Britain: Most admired Queen, The love I bear my God, my King and country, hath so oft emboldened me in the worst of extreme dangers, that now honesty doth constrain me to presume thus far beyond myself, to present your Majesty this short discourse: if ingratitude be a deadly poison to all honest virtues, I must be guilty of that crime if I should omit any means to be thankful. So it is, that some ten years ago being in Virginia, and taken prisoner by the power of Powhatan their chief King, I received from this great Salvage exceeding great courtesy, especially from his son Nantaquaus, the most manliest, comeliest, boldest spirit, I ever saw in a Salvage, and his sister Pocahontas, the Kings most dear and well-beloved daughter, being but a child of twelve or thirteen years of age, whose compassionate pitiful heart, of my desperate estate, gave me much cause to respect her: I being the first Christian this proud King and his grim attendants ever saw: and thus enthralled in their barbarous power, I cannot say I felt the least occasion of want that was in the power of those my mortal foes to prevent, notwithstanding all their threats. After some six weeks fatting amongst those Salvage courtiers, at the minute of my execution, she hazarded the beating out of her own brains to save mine; and not only that, but so prevailed with her father, that I was safely cond ucted to Jamestown: where I found about eight and thirty miserable poor and sick creatures, to keep possession of all those large territories of Virginia; such was the weakness of this poor commonwealth, as had the salvages not fed us, we directly had starved. We will write a custom essay sample on John Smith’s Letter to the Queen or any similar topic only for you Order Now And this relief, most gracious Queen, was commonly brought us by this Lady Pocahontas. Notwithstanding all these passages, when inconstant fortune turned our peace to war, this tender virgin would still not spare to dare to visit us, and by her our jars have been oft appeased, and our wants still supplied; were it the policy of her father thus to employ her, or the ordinance of God thus to make her his instrument, or her extraordinary affection to our nation, I know not: but of this I am sure; when her father with the utmost of his policy and power, sought to surprise me, having but eighteen with me, the dark night could not affright her from coming through the irksome woods, and with watered eyes gave me intelligence, with her best advice to escape his fury; which had he known, he had surely slain her. Jamestown with her wild train she as freely frequented, as her fathers habitation; and during the time of two or three years, she next under God, was still the instrument to preserve this colony from death, famine and utter confusion; which if in those times, had once b een dissolved, Virginia might have lain as it was at our first arrival to this day. Since then, this business having been turned and varied by many accidents from that I left it at: it is most certain, after a long and troublesome war after my departure, betwixt her father and our colony; all which time she was not heard of. About two years after she herself was taken prisoner, being so detained near two years longer, the colony by that means was relieved, peace concluded; and at last rejecting her barbarous condition, she was married to an English Gentleman, with whom at this present she is in England; the first Christian ever of that Nation, the first Virginian ever spoke English, or had a child in marriage by an Englishman: a matter surely, if my meaning be truly considered and well understood, worthy a Princes understanding. Thus, most gracious Lady, I have related to your Majesty, what at your best leisure our approved Histories will account you at large, and done in the time of your Majesty’s life; and however this might be presented you from a more worthy pen, it cannot from a more honest heart, as yet I never begged anything of the state, or any: and it is my want of ability and her exceeding desert; your birth, means, and authority; her birth, virtue, want and simplicity, doth make me thus bold, humbly to beseech your Majesty to take this knowledge of her, though it be from one so unworthy to be the reporter, as myself, her husbands estate not being able to make her fit to attend your Majesty. The most and least I can do, is to tell you this, because none so oft hath tried it as myself, and the rather being of so great a spirit, however her stature: if she should not be well received, seeing this Kingdom may rightly have a Kingdom by her means; her present love to us and Christianity might turn to such scorn and fury, as to divert all this good to the worst of evil; whereas finding so great a Queen should do her some honor more than she can imagine, for being so kind to your servants and subjects, would so ravish her with content, as endear her dearest blood to effect that, your Majesty and all the Kings honest subjects most earnestly desire. And so I humbly kiss your gracious hands, Captain John Smith, 1616 Related essay: â€Å"Co Curricular Activities Letter† How to cite John Smith’s Letter to the Queen, Essay examples

Advantages and Disadvantages of Stakeholders †Click to Get Solution

Question: Discuss about the Advantages and Disadvantages of Stakeholders. Answer: Introduction The strategic management identifies and describes the strategies that are used by the managers for achieving a better performance and a competitive advantage for the organization. It is a bundle of decision and acts that the managers undertake, it is also helpful in deciding the result of the firms performance. The strategic management is applicable to small as well as large organizations, the small organizations too face competition and by implementation and formulation of appropriate strategies sustainable competitive advantage can be attained. The decisions about future directions of the organization in which it is moving can be identified by the proper planning of the strategic management. It is a continuous process that is used to evaluate the working (MSG management study guide, 2017). The current standard linear approach to the strategic management focuses on the planning of the goals, achieving these goals, the planning in this approach is done to deal with the competitors. A good strategy is always a basis for good decisions into a business, those strategies supporting the successful companies and the innovative companies will be responsible for the issues in the environmental as well as social aspects. The approach deals with the competitions for acknowledging the ideas for achieving the goals of the organization. The current standard linear approach develops the logics from the doing of the past, the approach analysis the ways to keep a strong check about the work from the past and leads to a standard increase in the growth. The working of the organization does not run by itself, the type of the strategies and the decisions are the major key to the success. The strategic management is used to gain a very high quality workforce and a good working environment. T he impact in the decision making processes all throughout the year can be also ascertained by the approaches of the strategic management. Approaches to strategic management The strategic management is a process of setting of the long term goals and these goals can be achieved by the implementation of the three approaches into the business. The strategies that are used by the organization in the decision making process for the long term, results in increased growth. The strategic goal of the firm is more likely to be gained by the three different approaches. These approaches of the strategic management help to analyze the competition and the market of the business. The stakeholders approach, the dynamic capability and the sustainable approach have been very useful in the organizational success. The strategies are very much useful in gaining the competitive advantage by their implementation in the process (Freeman, 2010). The stakeholder approach The strategic managements, stakeholders approach suggests that the managers must implement and formulate only those processes which satisfy all those groups that has stake in the businesses. The process is to manage the interests of the stakeholder, the customers, the suppliers, the employees and the other groups in such a way that it may ensure a long term achievement and successes of the firm. The stakeholder approach emphasis on the environment of the organization, the active management of the organization and the promotions of the shared interests. The major importance of the stakeholders approach is in investing relationship with those who have the stake in the firm. The relationships stability depends on the sharing of at least a core principle values, thus allowing the managers to into the formation and implementation of the strategic plan. The approach focuses on developing a strategy that would benefit the firm and lead a direction for the proper decision making in the future. There are several characteristics o0f the approach: It is provides a single strategic framework, a framework that is flexible enough in dealing with the environmental shifts and without the adaptation of the new strategic plans by the managers. The stakeholders approach is a strategic management process not a strategic planning process. It works on actively plotting the new directions that is helpful for the firm, in a consideration of the affect the firm can make to the environment as well as the environment makes on the firm. The survival of the firm is the major concern for the stakeholders approach, therefore for the survival of the firm in the environment that is troublesome; the management must direct a course for the firm, the stakeholders relationships understanding is the main focus for achieving the objectives of the organization. The stakeholders framework is used to identify the needs to analyze the different levels of the issues that occur in the organization; the approach introduces the organizations stake and traces the idea to research the several areas (NCBI, n.d). Dynamic capabilities The dynamic capabilities framework analyzes the methods and the sources of creating the wealth. Term dynamic means the capacity of renewing the competences for achieving the change in the business environment. Whereas the term capabilities are the key role of the strategic management that appropriately adapts, integrates and reconfigures the internal as well as the external skills of the organization, the resources as well the functional competencies that would match the requirements of the changing environment. Dynamic capabilities are the ability of the organization to integrate, build and analyze the internal as well as the external competences to the rapidly changing environment. The dynamic capabilities of an organization reflect the ability of achieving new innovative forms of competitive advantage. The frameworks of the dynamic capabilities are: Processes: the way of doing the things. Positions: the specific and the current endowments, the technology, the customers base, external relations. Paths: the alternatives that can be used in the strategies, the presence or absence of increasing returns. The dynamic capability is considered to be an emerging and potential approach to the newer sources of the competitive advantage. It is necessary to meet the new challenges, the dynamic capability are therefore very necessary for any organization. The new strategies must be formed and the old ones must be transformed or reconfigured. The Apple and the IBM are the two companies whose dynamic capability has been enabled to evolve with the rapid change. There is a unique case with the company Apple, the company is not a technological leader but proves to be a master at the marketing. IBM is a true technological innovator and both internally and externally markets in the areas of its participation. The dynamic capabilities usefully are thought as activities and adjustments (Kleiner, 2013). Sustainable approach The sustainable framework of the sustainable approach shows that all the aspects are of equal importance. Working to the framework will be helpful in the future sustainability, it is a defining and as well as a powerful idea. An organization is said to be sustainable if it creates profit for its shareholders with the improvement and protection of the environment. The idea of the sustainability has been present in the management field for a very long time. The sustainability is defined to be a concept that has the holistic perspective of the development of the goals of the organization, the sustainable approach to strategic management is an effect of the evaluation of the strategies towards the environment. The result of the sustainable approach not only changes the perspective but also the perception of the implementing the organizational strategies. Sustainable approach is simple and universal; it is a concept that is not amenable. The sustainability changes over time as the information increases and the societys evolving priorities. The organizations sustainability remains indefinite. It is seen that the ability of making changes varies according to the size of the organization. Taking an example of the forest industry, it has always had a difficulty in defining the reason that contributes to the sustainable forest management. It is believed by some critics that the replacement of the trees is not enough, simply the reason being that, harvesting destroys the forests biodiversity. The future of the organization depends on the decision that would be helpful to stimulate the working. The sustainability activities are used to compare the peers of the organization to the competitors, the strength, key opportunities evolving to the firm. The sustainability approach in the strategic management helps to cut through the information that would focus on the right thing and the right order with a higher ambition. The more use of the resources in a better way for the sustainable development of the firm ensures the right decision to make a better working in the organization (Witek, 2012). Conclusion The strategic management is the process by which the managers identify and describes the strategies that are used in achieving a better performance and desired result. The three approaches of the strategic management, the stakeholders approach, the dynamic capabilities and the sustainable approach have been explained, the stakeholders approach manages the stake of the organization, and the dynamic capabilities of an organization reflect the ability of achieving new innovative forms of competitive advantage, the sustainable approach focuses on the improvement of the environment. The strong organization has an excellent chance of becoming Viability of each approach: The strategic managements approaches takes time to be implemented, but the viability of the approaches the stakeholders approach, dynamic capabilities and the sustainable approach are very much useful and results in long term gain and also results in putting into action the strategies for a better profit gain in the future, the success of the organization depends on every each step by step process that takes place within the organization. The strategies used are therefore very much important to be better resulting. Suggested benefits The stakeholders have several key benefits, the stakeholders approach helps in the decision making process, the approach also helps in securing the resources for assisting the decisions on the projects. The approach helps in building trust that leads to a better decision making (Ryckman, 2017). The dynamic capabilities concerns the development of the organizations ability, adapt the radical discontinuous change, also maintaining the minimum standards of capability to the survival of the competition. The sustainability approach reaps many benefits in the strategic management, it is a source of innovation and growth for the organizations, and the strategic advantages that are gained by the sustainable approach are: attract top talent, creates a legacy, operational efficiency and responsible innovation (Mckinseycompany sustainability resource productivity, 2010). There are many benefits that are gained by the use of the three approaches to the strategic management. These approaches are responsible for the increase in the ability of the firm to take decisions regarding the proper functioning and working. Implementation issues: The issues that have been a major concern for the implementation of the stakeholders approach is the time, the timeline of the project. The supervisory issues have been one of the greatest concerns also. Involving the stakeholders and not taking their advice leads to distrust and hamper the morale. The dynamic capabilities major implementation issues have been seen in the areas that have a very rigid acceptance of the factors that bring changes. It also has seen to be difficult and takes time to come into flow, so there can be many issues that may arise in the implementation. The implementation issues of the sustainable approach is that, the sustainable approach takes long time for it to be considered in working force, it takes a lot of planning as the future of the organization is also concerned. Limitations The following have seen to be the limitation of the approaches: Time consuming and difficulty in the coordination. Some individuals may not express their opinions in the group. The dynamic may hamper the prioritization process. Can be divergent and difficult to reach. The strategic management approaches are considered to be time consuming, the reason being that, the implementation of these can be very much into consideration and also expecting a longer run result or output. There may be at time that, within some of the organizations the individuals of some groups do not express themselves very clearly, which in turns leads to the wrong decision making, the approaches used are therefore affected and are considered to be not giving a better result, effecting the performance of the organization. The dynamic capabilities are essential but sometimes the changes so made suddenly are very likely to hamper the working within the organization. This in turns brings a huge effect to the organization and the processes. These approaches can be at some point of time divergent and also considered to be difficult to attain and reached (Ryckman, 2017). Reference Ryckman, L, 2017, Advantages and Disadvantages of Stakeholders, viewed on 22nd of January 2017, https://smallbusiness.chron.com/advantages-disadvantages-stakeholders-32179.html Witek, A, 2012, Sustainable Strategic Management and Market Effectiveness of Enterprises, Procedia- social and Behavioural science, vol no. 58, p.p. 899-905 MSG management study guide, 2017, Strategic Management - Meaning and Important Concepts, viewed on 21st of January 2017, https://www.managementstudyguide.com/strategic-management.htm Mckinseycompany sustainability resource productivity, 2010, How companies manage sustainability: McKinsey Global Survey results, viewed on 21st of January 2017, https://www.mckinsey.com/business-functions/sustainability-and-resource-productivity/our-insights/how-companies-manage-sustainability-mckinsey-global-survey-results Kleiner, A, 2013, The Dynamic Capabilities of David Teec, viewed on 21st of January 2017, https://www.strategy-business.com/article/00225?gko=d24f3 MSG Management study guide, 2017, Dynamic Capabilities, viewed on 21st of January 2017, https://www.managementstudyguide.com/dynamic-capabilities.htm Freeman, E, R, 2010, strategic management, Cambridge University press 2010, New York NCBI, n.d., Strengths and Limitations of Stakeholder Engagement Methods, viewed on 21st of January 2017, https://www.ncbi.nlm.nih.gov/books/NBK62575/

Statistical Analysis Online Mode of Education

Question: Discuss about the Statistical Analysis Online Mode of Education. Answer: Introduction: The current study outlines the current trends in America on the online mode of education. In the recent years the higher education sectors has witnessed upward surge in growth and expansion. There is large number of universities in United States that offers online mode of education. Numerous statistical tools has been undertaken to evaluate the quality of the education imparted in these universities and colleges (Afifi and Azen 2014). The existing report provides a brief description of the analysis undertaken through using several statistical tools. The data obtained represents the graduation rates and rate of retention of students in the universities. Objectives of this study: The major objective of this study is to assess the quality of the education imparted by the universities in United States. Background of the study: Currently the higher education sector in United States is undergoing several challenges over the last few years. The online mode of education is considered as the most sought after mode of imparting lessons in the recent days. Several universities have adopted online mode of education across United States. It is noteworthy to denote that the techniques adopted to impart learnings are also regarded as highly efficient in those universities. The online mode of education saves time as student living in distant places can gain access to study material and other materials associated with course through the help of internet (Deshpandeet al. 2016). The report highlights the quality of online mode of study in Universities in being understood. The report lays down the notion concerning the method of data collection along with the analysis of data as well. Following the analysis interpretation is also performed in the given report. Methods implemented for Analysis: The current report uses the data collected from 29 universities of United States. The collected represents that rate of retention along with the rate of graduation for the two universities. Statistical tools such as measures of central tendency and measures of dispersion have been used to assess the data obtained. Comparative study has been conducted to evaluate and measure both the variables, as this will help in gaining notion regarding the quality of the techniques used to impart online mode of study in these universities. The concept of linear regression equation is put into use to gain an understanding concerning the sum of association amid the two variables (Heiberger and Holland 2015). Scatter diagram has been used to understand the relationship amid the two variables such as Rate of retention (RR) and Graduation rate (GR). The statistical measures enables in better understanding of the association amid the Graduation Rate (GR) and the (RR) prevailing in the universities. Results: The rate of retention and graduation rate has been computed for the variables through using measures of central tendency and measures of dispersion. To compute the variables, mean value, standard deviation, minimum and maximum values are used. The mean value lays down the location of parameters for the variables. The average value obtained from the variable of 29 universities is illustrated by using mean value. Scatter distribution is computed through using standard deviation. The minimum and maximum values is calculated to provide a notion of the spread of distribution. Below listed table lays down the measurement, Table 1: Table representing measurement of descriptive statistics (Source: Created by author) The scatter diagram is obtained by considering the rate of retention (RR) in the form of independent variable. The scatter diagram is listed below; Figure 1: Figure representing scatter diagram of GR and RR (Source: As created by author) The above stated scatter diagram is derived by undertaking the rate of retention (RR) in the X axis whereas the rate of graduation (GR) in the Y axis. The graphs represent an upward rising trend and states that there remains positive yet direct relationship amongst the variables. The scatter diagram helps in reflecting an increase in the value of rate of retention and simultaneously the value of graduation rate increases (Kahraman and Sar? 2016). A regression equation is put into the use by undertaking the Graduation rate in the form of x variable and the Rate of Retention as Y variable. The outcome of regression analysis is illustrated below; Table 2: Table illustrating the outcomes of regression analysis (Source: As created by author) The regression equation derived from the above stated equation lays down that regression coefficient for rate of retention is 0.284526. Below stated equation lays down the regression equation; Y = 25.4229 + 0.284526*x + e. From the above stated equation, Y illustrates the rate of graduation in the universities and X illustrates the rate of retention. Variable E illustrates the components of random error. The coefficient slope represents the p-value of 6.59*10^-5. It should be noted that the P-value is lower than the level of 0.05. hence, the slope of coefficient is relatively different from 0. The p-value of the interception test represents the value of 0. The p-value is lower than the significance level of = 0.05. It can be concluded that the slope of coefficient is different from zero. Along with this, the value of regression co-efficient derived from the above stated equation represents a positive value. The equation represents positive association amid the two variables such as GR and RR. It can be said that the when the value of graduation rate increases the value of RR also simultaneously increases. The graduation rate and the rate of retention signify an uninterrupted variable. Statistical tool such as correlation co-efficient is used to study the association between the constant variable. A positive value of correlation reflects direct relation whereas the negative value illustrates negative association. Below stated table lays down correlation amid the two variables, Graduation Rate (%) Rate of Retention (%) GR(%) 1 RR(%) 0.670245 1 Table 3: Table illustrating correlation between retention rate and graduation rate (Source: As created by author) The value of correlation coefficient represents 0.670245 and it can be regarded that the variable represents direct relationship between them. The goodness of regression fit model is studied by using the adjusted R-square framework. Table 4: Table representing Adjusted R squared for the regression model (Source As created by author) The adjusted R-Square derived from the framework represents 0.428829. However, it is not regarded as one of the best model in terms of reducing the incidence of errors. As the president of South University, there are concerns associated with the part time online mode of courses. The major responsibility is to improve the online mode of learning in university by working towards improving the part time education for those scholars who does not have the opportunity of attending full time campus facilities. On the other hand, being the president of the Phoenix it is understood that undergraduates of distant learners must be offered elasticity with certification programme, which helps in keeping in stay with the interested course associated with work and some occasionally even easier to impart learnings under innovative programmes. Discussion: The data analysis provides the idea that the two variables namely the graduation rate (GR) and retention rate (RR). This represents huge difference between the mean values of the two rates. The computation also represents that the maximum value of rate of retention (RR) is also higher. Thus, the retention rate is higher than the graduation rate (Ko?acz and Grzegorzewski 2016). The results obtained from regression analysis states that there exists a direct relationship between the two variables. This represents that as the value of rate of retention increases the graduation rate also simultaneously increases. Conclusion and recommendations: The report assesses the status of online education in the universities of United States. The outcomes of analysis reflect that the rate of graduation is relatively higher in contrast to the rate of retention. Below listed are the recommendations derived from this study; 1.From the analysis, it is found that the adjusted R-Square derived from the regression analysis is relatively small. Thus, the regression model is not the best fitting model and the results derived from the regression analysis provides raw measurement of the dataset. 2.The sample size of research is small with only 29-sample size. Thus, the research could have been more effective if better procedure of sampling is considered. References Afifi, A.A. and Azen, S.P., 2014.Statistical analysis: a computer oriented approach. Academic press. Deshpande, S., Gogtay, N.J. and Thatte, U.M., 2016. Measures of Central Tendency and Dispersion.Journal of The Association of Physicians of India,64, p.64. Heiberger, R.M. and Holland, B., 2015.Statistical analysis and data display: an intermediate course with examples in R. Springer. Kahraman, C. and Sar?, ?.U., 2016. Fuzzy Central Tendency Measures. InFuzzy Statistical Decision-Making(pp. 65-83). Springer International Publishing. Ko?acz, A. and Grzegorzewski, P., 2016. Measures of dispersion for multidimensional data.European Journal of Operational Research,251(3), pp.930-937.