Will We Still Love IKEA

Introduction IKEA is a Swedish company that was started by a seventeen-year-old boy in 1943. This company specializes in the manufacture of home and office furniture. The company has experienced consistent growth, and is currently considered the world’s largest manufacturer and retailer of furniture.Advertising We will write a custom essay sample on Will We Still Love IKEA? specifically for you for only $16.05 $11/page Learn More A number of challenges in the local market have faced this company, but it has managed to counter these challenges successfully. IKEA has expanded beyond its local market in Sweden. This firm has established a very strong market in the United States and the entire Europe. The firm is the largest retailer of furniture in the United States. Although some firms have offered it stiff competition in the American market, it remains the leading manufacturer and retailer of home and office furniture. This firm is also one of the major employers in the United States and in the world. The firm has a large plant in Virginia. The locals were happy with the fact that the firm opened a branch in this city. This was a sign that there would be an increased source of employment to the locals. The entry of this firm into this city also meant that the locals would be able to purchase the products at reduced prices. This was a reason good enough to warrant a celebration. The firm met the expectations of the locals. It offered job opportunities to the locals and the prices of the furniture in this region generally dropped. The society benefited because of the incentives that this firm offered the society as part of its corporate social responsibility. The firm was fast becoming a darling to the Americans. However, not all was well after all. The Case The employees protested against the strategy adopted by the management. This resentment spiraled in March 2011 when employees went public about the discriminatory policies that the leadership of the firm employed in Virginia.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The labor laws in the United States clearly states that employees should be given opportunity to choose whether they would like to work overtime. In this firm, the choice is not in the hands the employees, but instead it is the responsibility of the management. The management dictates whether an employee would work overtime or not. It becomes worse when employees are just informed of the overtime when they have just prepared to leave their offices. This has demoralized employees of this firm because they feel that they do not have the freedom to choose when to work overtime. The management has also been accused of careless because it does not respect the wishes of employees. Moreover, the management is accused of frustrating employees in various ways. The management of the firm has been kee n on crashing unions of the employees in its facility in Virginia. Employees do not have a voice in the firm. They are expected to act as per the wish of the management. Any disagreement with company rules leads to serious consequences on the part of employees. The treatment given to employees sharply contradicts that given to employees in Sweden, which is the home to this firm. There is clear evidence that this firm has double standards when it comes to treatment of its employees. Although it took some time to realize this, it is now clear that this firm has a high regard towards some employees and not others. For instance, Anderson (2011, p. 88) observes that IKEA is one of the best employers in Sweden. Employees of this firm are allowed to have up to three fully paid leaves per year. This is not the case in the United States. In Sweden, and a few other European nations, employees have the capacity to choose when to have overtime. This is not the case in the United States. It is a lso intriguing that this firm has been racially discriminative in some of its operative activities.Advertising We will write a custom essay sample on Will We Still Love IKEA? specifically for you for only $16.05 $11/page Learn More This has raised many controversies given the fact that the founder of this firm was associated with the Nazi movement in his youth. It is a reminder that this firm is as discriminatory as the action of the founder during the Nazi terror. The firm has also been accused of discriminating women. In various firms in Virginia, women are always treated with concern, especially those who have young children. This may include releasing them early enough to be with their young children. This is not the case at IKEA. The remuneration given by this firm to its American employees is below per when compared to other regions, especially the home market in Sweden. This firm faces other controversies in its operations in this country, as wel l as other countries around the world. This is what raises the main question whether the firm will still be loved as before when these evils had not been revealed. Will the society still cherish the firm after all the revelations about its discriminatory policies? Strategic Analysis of the Case The case given above shows that IKEA has a huge responsibility of changing the perception of the society. The perception of the society is very important for a strong brand such as IKEA. In order to develop an understanding between the internal and external environment, the following SWOT analysis would be very important. SWOT Analysis SWOT analysis is one of the important tools that are very popular in analyzing a company. It helps in analyzing firms based on the existing internal and external factors. SWOT analysis would be very valuable in analyzing IKEA. In order to bring more understanding of the firm in this competitive market, a SWOT analysis would be appropriate. It would help bring m ore insight to the opportunities and threats that this firm would face in the external environment. It would also help in understanding the strengths and weaknesses that the firm has.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Strength of this firm that would translate to increased profitability is a positive image in the market due to its environmental friendly projects. The world is increasingly becoming sensitive of the impact of various business units on the environment. The concern is emanating from the fact that it has been confirmed beyond any reasonable doubt that various multinational companies are polluting the environment at a very dangerous rate (Coveney Highfiel 1995, p. 67). Various environmental conservation projects are expected to give this company a different image in the market. This company will be seen as a firm that is smarter in its environmental strategy. The market will be convinced that this company is not just interested in making profits, but also turning the society into a better place. The firm will easily attract additional customers who are determined to make a positive difference in their society. This is because they will view the firm as one that helps in conserving the environment. They will consider the purchase of the firm’s product as part of environmental conservation. Because of this, the firm will develop a strong base of loyal customers. This firm may also take this advantage to reach out to the international markets. The project would give this company a moral right to claim that it is a champion of a clean environment in the entire world. The firm has a team of dedicated and qualified staff who are able to front all the interest of the firm both in the local and regional markets (DeAnne, Gary, Hyde, Tipping 2004, p. 43). This team also supervises capital that is assigned to it in order to realize the best outcome for the organization. Despite the above strengths, this firm has some weakness. The first weakness that this firm has is the discontent customers in some region such as the United States. The fact that some of the employees are not satisfied with the way they are managed makes it very difficult for this firm to increase i ts profitability in these markets. The initiative of managing the environment is very challenging financially. It would cost this firm, large sum of money if it would sustain such projects over the years it expects to operate in this market (Daft 2009, p. 21). The members of this firm expect to work in collaboration with other firms in order to clean the environment. The team may not have the capacity to rid the environment of all the electronic wastes, unless it is supported by other agencies within the local society. The local government must be convinced to participate in such projects actively. Other environmental agencies would also be invited to take part in the elimination of such wastes as plastic materials. The fact such the projects would involve partnership with other firms; success of the entire process may be jeopardized. Success would be pegged on how determined the other partners are in fulfilling their duties. The firm has a number of opportunities in the external en vironment. In the local market in Sweden and other European countries, this firm has managed to build a large base of loyal customers. The governments of Sweden and other European countries have strongly appreciated the move of this firm to help improve the environment of these countries, a fact that has earned it a large base of customers. The Swedish government, and other governments where this firm operates, has maintained a very stable political environment. This means that the business environment is free from any political unrest that may disrupt normal business operations within the market. This has created a business environment that is very peaceful to various firms in the country. The firm also enjoys an economic growth in this region that has increased the purchasing power of the consumers. This increased purchasing power has helped the firm to increase its operations to regions beyond its borders. The emerging technologies have also helped IKEA in its operational strateg ies. The firm has adopted the emerging technologies in its operations, a fact that has helped it increase its efficiency (Kratschmer 2011, p. 101). This firm faces a number of threats in its operations. Threats may not be predictable in this industry, though the firm may try to reduce the possibility of occurrence. The first threat that this firm faces is price wars in the market. The local firms may notice the strategy of the firm to charge lesser prices for its products, especially to those consumers who have shown resolve to combat environmental degradation. There is a possibility that the competitors may consider this move as a strategy that this firm uses to charge cheap prices for their products. The impact of this is that the competitors may respond by equally lowering their prices in the market. Such price wars are always dangerous to the prosperity of a business. The initiative may fail to make any serious sense. However, this threat has been minimized by introducing other responsibilities for the project, and the invitation of the whole society to participate. IKEA stores also face the threat from the emerging technologies. The emerging technologies are beneficial to the firm. However, they can pose serious challenge to the firm if it fails to select the appropriate technology to apply. Applying a wrong technology may cause serious negative consequences to the firm. Late application of the emerging technologies may also render such a firm less competitive in the market. Revisiting the Case IKEA is still considered the market leader in this industry. It is the largest manufacturer and retailer of home and office furniture. The case presented above shows that this firm has been successful in the world market. However, it is yet to address some pertinent issues affecting it. The firm is accused of high handedness when dealing with the employees. The complaint from employees shows that there is some form of dissatisfaction on the side of employees. The f irm has failed to incorporate employees into partners other than employees of this firm (Fayol 1949, p. 127). This discontent among the employees means that the employees will not be willing to give their best to the firm. They feel that they are not part of the organization. The second accusation leveled against this firm is that the management is discriminative in its operations. Women have complained that the management does not take care of their interests. This accusation may have negative effect on this firm. It should manage this discontent in order to be successful in this industry. It should find a way of making all its employees feel part of the organization. Conclusion and Recommendations IKEA has managed to withstand the market competition that has forced various other firms out of the market. The firm has been operating in a very competitive market within Sweden, the United States and other countries where other firms have similar products. The management of this firm h as come to realize that the best way to beat the market competition is come up with strategies that can help it become unique in the market. The management has embraced the spirit of competition in the market. It has also come to realize that employees are very important in the determination of success for the firm. They are the wheel through which a firm can be able to move from one level to the next. However, the firm can improve its efficiency if it considers the following recommendations. The management should embrace the emerging trends in the market. It should use the emerging technologies such as social media marketing to reach out for the customers. The management should increase the number of young innovative employees who can help the firm manage the emerging technologies. The management should increase its corporate social responsibility, especially on environment, to improve its public image. The firm should consider increasing its partnership with suppliers to ensure t hat they constantly have the stock. The management should ensure that employees are constantly motivated in their various duties in the firm. The management should address all the needs of the employees to the best of its capacity. It should address all the complaints that are put forth by the employees of this firm. List of References Anderson, M 2011, Bottom-Line Organization Development: Implementing and Evaluating Strategic Change for Lasting Value, Elsevier, Burlington. Coveney, P Highfield, 1995, Frontiers of Complexity: The Search for Order in a Chaotic World, Fawcett Columbine, New York. Daft, R 2009, Organization Theory and Design, Cengage Learning, New York. DeAnne, A, Gary, N, Hyde, P, Tipping, A 2004, Ten Guiding Principles of Change Management, Booz Company, New York. Fayol, H. (1949). General and Industrial Management. London: Pitman. Kratschmer, P 2011, Organizational Culture is Highly Resistant to Change: Discuss, GRIN Verlag, New York. Norton, M, Mochon, D Ariel y, D 2011, â€Å"The IKEA Effect: When Labor Leads to Love†, Harvard Business School, Vol. 1, no. 4, pp 11-91. Palich, LE, Cardinal, LB, Miller, CC 2000, â€Å"Curve-linearity in the diversification-performance linkage: An examination of over three decades of research.† Strategic Management Journal, Vol. 21, no. 2, pp 155-174. Snider, J, Hill, RP, Martin, D 2003, â€Å"Corporate social responsibility in the 21st century: A view from the world’s most successful firms.† Journal of Business Ethics, Vol. 48, no. 2, pp. 175–187. This essay on Will We Still Love IKEA? was written and submitted by user Hayley T. 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. 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Gods Laws Essays - Black Holes, Hypothetical Astronomical Objects

God's Laws Essays - Black Holes, Hypothetical Astronomical Objects God's Laws The oldest profession in the world is not what would be commonly accepted in society. Before a woman had a chance to sell her body, people looked up at the stars and wondered what they were. They made figures out of the shapes they made. As we advanced through scientific research many other doors opened that allowed us to see what it was the earth is existing in. Our constant need to explain what is happening comes from our want to control. Knowledge is power, and nothing is more unexplained that the universe. Time is interlocked and must be understood if we want to accomplish a deep knowledge of the cosmos. Commonly it was thought that there was no such knowledge. The author Stephen Hawking had shown many otherwise. His books give a deep history and knowledge of how the universe exists. He also explains many others aspects of the cosmos and puts his works in an understandable writing style. He puts the largest accent on his studies of black holes. These are fascinating happening and the way to understanding the universe and several others can be found through the study of black holes. There are several features of black holes that makes them incredibly fascinating. The first one would be the common misconception of how noting can escape a black hole. This is true in most points. If nothing can escape them, how does one detect a black hole? Stephen Hawking discovered a fascinating aspect using anti-particle properties. He found that when matter is pulled into a black hole by gravity matter is constantly being pulled apart. This causes the anti-parties of matter to be throw away at incredible rates. This happens at consistent times. The large amount of gamma radiation let off by this is how Mr. Hawking now finds black holes. Another interesting concept of black holes is they are can be formed other ways than by the end of a stars life. Stephen Hawking and his associates found that any nuclear explosion can cause the birth of a black hole. Hawking stated that is all the heavy water, a component used in nuclear weapons, was used to create a nuclear explosion a black hole the size of earth would be created. He also stated no one would be around to witness the creation. It would have been caused by the implosion of earth at a massive rate and the amount of energy produced by the nuclear explosion. This had me wondering. Stephen Hawking also stated that is a black how small enough not to disturb the orbit of earth existed close enough to earth that its power could be harnessed to produce huge amounts of energy. This made me wonder if the same concept could be used, except with all the wastes materials on earth. I do not know the exact physics of it all, but from Mr. Hawking explanations it seemed like it might work. Black holes were also explained by Stephen Hawking as how they transcended time. Apparently the massive gravitational pull creates a rip in the space-time continuum. It is unknown what happens to matter when it is pulled into a black time wise. All matter will be ejected into space eventually as the black hole loses itself. The smaller a black hole, the more matter is ejected. It may be an odd happening, but because of the larger black holes are harder to detect than smaller black holes. Mr. Hawking stated of how if an astronaught gets pulled into a black hole the tidal forces would stretch him into a long piece of spaghetti like person. However, his life would not end in the black hole. Given enough time he would be eventually ejected into space as particles. All matter in a black hole will eventually be lost into space. The smaller a black hole is, the more matter is lost by the black hole. Stephen Hawking explained what is thought to have happened to a black hole when all its matter is lost. The hole in the space-time continuum would collapse and an explosion as massive as on of a supernova would happen. It would leave the tear in time. I wondered when the explosion would happen? Would it happen now, or ten to trillions of years from when it actually collapses. The tear in time where would it exist? Until an actual black hole is found close enough to us I suppose these questions will remain uninsured.

Analytical techniques Essay Example | Topics and Well Written Essays - 1750 words

Analytical techniques - Essay Example Experts have concentrated towards the identification of certain measures that can help in the mitigation of the errors in different fields. Some analytical techniques and procedures have been discovered as remedies to the occurrence, execution and interpretation of errors and these techniques and procedures are commonly used to minimize the probability of errors. (Grabowski and Roberts, 1996, p16) The analytical techniques and procedures employed for dealing with the errors used to be different for each case however, there are some common and widely accepted procedures like Six Sigma etc that are applicable to almost every field and can help the related individual and organizations in effectively dealing with different types, stages and levels of errors. The paper aims to discuss some major and widely accepted error mitigation analytical techniques that have proved their significance in dealing with the errors both at execution and interpretation stages. The essay presents the examples of errors that commonly occurred in different fields and also discuss the analytical techniques that are commonly used in these fields to deal with these errors. (Goodstein et al, 1988, p98) As discussed above that with no exceptions, error occurred in every field. The intensity and effects of these errors may vary from one field to another and ultimately the procedures and techniques used to deal with these errors also vary from one field to another. It implies that the medical errors are different in nature from the business, linguistics or lab errors and thus, these errors are dealt quite differently from the errors occurred in any other field. For instance, in statistical data an error can be occurred in form of difference found between the computed and theoretically correct values that can be deal by rechecking formulas and calculation methods. In science and

Ethnics in the media Essay Example | Topics and Well Written Essays - 2000 words

Ethnics in the media - Essay Example Moreover, these internal conflicts had become very severe over a period of seventeen years (National Union of Somali Journalists (NUSOJ)). The Somali journalists were subjected to violent attacks constantly, and the perpetrators of such violence were granted immunity. In fact, none of the perpetrators of crime against journalists had been prosecuted in Somaliland. There were several persons who had perpetrated attacks against journalists and media persons. They included officials of the Transitional Federal Government, rebel leaders, the opposition and gangsters. All these entities invented novel methods of violence to suppress the media and to prevent news coverage by journalists. They had cautioned the press and asked it to refrain from publishing or broadcasting information and policies (National Union of Somali Journalists (NUSOJ)). Journalists had to work in a very dangerous and hostile environment. They were abused in several ways, and directed to abstain from exposing the facts to the public. The Transitional Federal Government had imposed various restrictions on the freedom of press and the electronic media in the capital city. The Somaliland government had closed down five private radio stations that were based in the capital city. Furthermore, the Regional Administration of Banadir had enacted restrictive laws, which aimed at curbing the freedom of press and media (National Union of Somali Journalists (NUSOJ)). There were several incidents, wherein the police had conducted illegal raids on the offices of newspapers in Somaliland. In one particular incident, the police and officials from the Criminal Investigation Department raided the offices of the Haatuf Daily Newspaper, based in Hargeisa. After this raid, they took Yusuf Abdi Gabobe, Director of Haatuf Media Network into custody, along with several other journalists. The police and CID officials also arrested Ali Abdi Dini, Editor-in-Chief of Haatuf Daily Newspaper and its treasurer,

Professional Bio Essay Example | Topics and Well Written Essays - 500 words

Professional Bio - Essay Example He also has comprehensive knowledge in therapeutic interventions and collaborative treatment process, besides outstanding interpersonal and communication skills that include superior accuracy in patient history, charting, and other documentations. Mr. Martins has also demonstrated his ability to forge and motivate outstanding healthcare teams that provide top-quality patient care.  He is objective oriented, self-motivated, and energetic and is a focused professional with a strong professional and academic background in nursing. Attributed to his major strengths are characteristics such as flexibility, good client relations, nursing knowledge, decision-making skills, and communication skills for training and presentations. in 2009, and a Certificate in Nursing Vocational Management Training in 2003. Other academic qualifications include a Certificate in Nursing Health Training Services from Wheaton Maryland in 2000, and High School Diploma, Government High School  General Studies in 1994. Mr. Martins has, since 2007, worked as a registered nurse in various institutions; Davita downtown Baltimore, Prince Georges Regional Hospital, Woodbine Nursing and Rehab, Inc Virginia,  and Home Health Connection in Chevy Chase. While in these institutions, he served in different capacities such as in medical surgical unit, monitoring and evaluation of nursing care in acute respiratory unit, and general care services such as admission and discharge of patients as well as patient education. Prior to these, he had worked as a licensed practicing nurse with Home Health Connection in Maryland, Manor care Nursing and Rehabilitation in Wheaton Maryland in 2007, and Springhouse Manor Care Health in Bethesda, Maryland in 2005 where he administered patient care. He also worked as a Geriatric nursing assistant with Collins Hood Nursing and

Reflective Essay On Breaking Bad News To Patients Nursing Essay

Reflective Essay On Breaking Bad News To Patients Nursing Essay Im writing a reflective essay based on Gibbs model of refection, this is a six stage evaluation process and promotes good practice through evaluation of experiences, aids learning and better understanding on how to deal with similar situations in future practice, the six stages comprise of description, feelings, evaluation, analysis, conclusion and finally an action plan (Gibbs, 1998). The department of health (DoH) advises primary care, to use reflective practice and encourages integrated working with all professional within the community and hospitals of the local trust (DoH, 2000), which is incorporate in my reflection. All names and identities have been changed to maintain confidentially in accordance with the code of conduct (NMC, 2009). I will explore an experience I had whilst based in a local trust hospital, discussing a situation that I felt uncomfortable with and unsure how to manage emotionally, psychologically and professionally. This situation evolved after a patient had been giving bad news by a doctor and talks about the events after this occurred. I feel it is important to discuss breaking bad news as this area of communication is often an area that even the professional person finds difficult (Brewin, 1998). The inter-professional teams all have different education and preparation leading to different views as to how the subject should be managed and the best way to break bad news. Schildman et al. (2005) stated there is a need for specific education on breaking bad news, ensuring all professionals where proficient in this area with an aim to improve skills and continuity. By bad news Buckman (1984) described as any information given that is likely to dramatically alter a patients view of their future. The bad news that is delivered may not be about terminal illness or death but could be a lifestyle altering condition like diabetes, heart disease or HIV (Peate, 2006). Arber Gallagher (2004) defined bad news as any information given that is not welcome. Traditionally delivering bad news has been considered the doctors role, despite having little education or preparation in this area (Vandekieft, 2001). Although a nurse may not be delivering bad news directly, it is an inescapable part of healthcare (Price, 2006) and an integral part of their role (Tobin Begley, 2008). It is however, important to remember that the role of breaking bad news is not the responsibility of just one profession but should be a shared responsibility with all the inter-professionals within the multi disciplinary team (Jevon, 2010). Mr M, 72 year old male, admitted to the ward and initially presented with intense intermittent pain in pelvic area and legs. After several investigations with other hospital inter-professional teams Mr M underwent tests such as x-rays, cat scans and MRI scans. This led to a diagnosis that Mr M had bone and lung metastases, this is also known as secondary cancer. Metastatic cancer occurs when the cancer cells breaks from the primary site, relocate to another area of the body and then forms secondary tumours (American Cancer Society, 2010). Cancer is deemed as the most feared diagnosis in todays society (Kalber, 2009). The junior doctor had discussed these results with Mr M, whilst he remained on the ward and without another member of staff with him during the conversation. It is suggested that bad news should be delivered to the patient by someone they know (Lomas et al, 2004). This leads to a much debated subject as to who should break bad news (Brewin, 1998), due to the belief that some doctors are not well prepared and have lack of training and preparation for this task (Vandekeift, 2001). Whereas, the nurses have more communication with the patient and can build a better rapport (Jevon, 2010). The doctor with Mr M should have made him aware, that he had terminal cancer but we were unable to verify this. The written information in Mr Ms notes where thought by the nurses to be to brief and therefore not well recorded due to a lack of in-depth detail but the doctor could argue the notes were ok, they had acknowledge he had spoken to Mr M about his results. After the doctors consultation Mr M was positive and upbeat and still trying to do as much as he could for himself. Later that day he had spoken to me stating that the doctor wanted to run more test, informing me that they were going to look for the primary cancer site as this may be treatable. My intrinsic feeling was that Mr M thought he could be cured. This made me feel awkward and uncomfortable being around him and I found it difficult to know what to say to him, as I was aware of his terminal diagnosis. I was unsure as to what information the doctor had told Mr M or if the doctor had checked he had understood. As doctors have different education and views than the nursing staff it leads to professional indifferences. Mr Ms behaviour may have been his way of coping and could have indicated that he was in denial. Denial is a way for the individual to cope and regain some control, when bad news is delivered leading to an uncontrollable situation like a diagnosis of terminal illness (Burgess, 1994). I felt as if I was withholding information from him that he should be aware of. This made me feel as if I was lying to Mr M, something I was uncomfortable with and I felt compromised ethically, as I was more that aware of his rights to be informed and my code of conduct that states I should be open and honest (NMC, 2008). This made me want to avoid conversation with Mr M as I was unsure how to manage the situation and was worried in case he asked me any questions, as this could have led to further distress to myself or Mr M. However, it is normal when giving or receiving bad news to feel psychological distress but if supported and managed well you can avoid damaging long terms effects (Fukui et al, 2009). I had discuss with nurse in charge that I had concerns about Mr M and queried if he had definitely been told of his terminal diagnosis. Mr Ms mood and behaviour was monitored by the nursing staff over the next two weeks, with occasional subtle prompts for him to a sk any questions or to comment on how he felt. After this time the palliative care team were informed of Mr Ms situation and invited to the ward by the nursing team, to talk to Mr M and explain his illness was terminal, help him acknowledge this and start to come to terms with his situation and prepare himself and his family with what was to come. The palliative care team have more experience and practice in communication with those diagnosed with terminal cancer. The terminal patient can experience many different emotions (Peate, 2006), these have been studied by Kulber-Ross in the 1960s and Murry-Parkes in the 1980s. They both suggest that there are five stages of grief and structured these into models of bereavement (sometime known as the grief cycle). Kulber-Ross (1969) stated that not every person will react in the same way or go through all the stages in order. The five stages are Denial, Anger, Bargaining, Depression or grief and then Acceptance. A dying patient will often go through these stages whilst coming to terms with their own death (Kulber-Ross, 1969). I felt it was good that Mr M had taken onboard some of the information the doctor had told him and he was in good spirits and trying to do as much as possible. That Mr M was able to communicate well with the nursing team and had benefited from the expertise, kindness and knowledge from all the inter-professional teams from the porters who regularly moved Mr M and showed patience and understanding regarding his pain, to the reassurance given him by the radiographers and their expertise to minimise his discomfort, pain and the palliative care team who showed patience and understanding and with their unique knowledge were able to help Mr M come to terms with his terminal cancer, understand it better and help him cope with his situation. All these people are specialist in their own fields and were involved with Mr Ms care amongst several others. It was good that personally I had built a good rapport with Mr M, which helped me to be aware of his behaviour and highlight my concerns with th e nurses. Enabling me to raise awareness and question the nurses as to if Mr M had been informed of his diagnosis or question was he in denial? I thought it was bad that no-one who had worked regularly with Mr M i.e. a nurse was with the doctor when he was told his diagnosis and that it was a junior doctor that Mr M did not know very well. The information about the discussion hadnt been recorded in detail, as to what was said and if Mr M had understood this information. So we had to make assumptions due to the lack of detail, we could only ascertain if Mr M was in denial through time. Also that I felt I had to avoid communication with Mr M as I found it difficult due to his terminal illness and was unsure what to say to him. I realised talking about dying directly with the dying patient an area I was uncomfortable with and felt unprepared for and therefore avoided the situation. This is echoed by Trovo de Arujo and de Silva (2004) where he suggested that many people will approach communication differently with a dying patient; this includes avoidance patterns, which may be due to difficulties in coping with human suffering a nd death. I have to assume the doctor had given Mr M the correct information about his diagnosis, which left the conclusion that Mr M had not fully understood this information or was in denial about his terminal cancer. I should have contacted the doctor who consulted with Mr M to ascertain as to how the information was given and how he felt Mr M had responded to this. Explaining Mr Ms current behaviour and his understanding that they were still looking for the cause of the cancer and this when located could be treated. This may have improved the situation, by leading to the doctor returning to re-explain to Mr M with another member of the ward. It is now thought that the doctor may not be the most appropriate person to give bad news and in some situations it may be better for a nurse to do this role (Resuscitation Council UK, 2006). If I was presented with a similar situation, I now feel I would manage the situation better, as I have learnt through reflection of these events. Sometimes caring for a dying patient can be daunting as in our nursing role we believe we are there to improve a patients health so they will get better (Peate, 2006) but the reality is we have a unique role to assist the patient to health or to a peaceful death (Henderson, 19996). Common sense and forward planning, the use of a structured model can help prevent any distress or communication disasters (Walker et al, 2001). I feel that the communication of bad news should be delivered to a patient avoiding medical terminology (Back et al, 2005), as this reduces misinterpretation (Innes, 2009). The inter-professional teams will benefit the individual by supporting each other and drawing on each others knowledge, helping to reduce long term distress (Fukui et al, 2009) or further avoidance of distressing situations. It is also important to be aware that every patient will react differently to bad news (Kulber-Ross, 1969) and to remember their family will also require lots of information and support at this time (Dougherty Lister, 2008).

How hedge funds are structured Essay

Hedge funds are investment partnerships with the scope of investing in any kind of market securities including real estates, derivatives, currencies, commodities among many others. The funds play essential roles in decreasing the mispricing activities in the financial markets. They are considered significant in the provision of liquidity both during the calm and stressful periods. The funds add depth and scope in the capital markets and provide an important source of transferring and diversifying risks by taking risks that would have instead lingered in the balance sheets of numerous financial organizations. Various brokerages have offered hedge fund among other instruments. Firstly, the regional brokerage offers such instruments because of its potential higher return. Being a limited partnership, the hedge fund only has a little regulation, which means that different investment strategies such as financial leveraged or short positions can be used throughout their investment. They will seek to provide the exploited investment opportunities through different investment vehicles. Involved strategies include ultimate analysis of the publicly traded companies with an emphasis on the small and medium enterprises that are also involved in the conduct of business activities. The modern hedge fund structure includes an incentive-based fee based on a certain percentage of profits and a fee of assets under management. With an excellent performance of a hedge fund manager, the firm can maximize the returns and minimize market risk and thus earn high commissions in both up and down market by picking a good stock. From the history record, the energy prices usually have a high correlation with inflation. In the periods of rising inflation, the energy funds are doing better in the market. Its past performance was unusual in such a volatile and cyclical industry. Thus, it provides investors with a good diversification tool. This is also why such brokerages would like to offer energy fund. For the investors, the hedge funds bring a higher return for them. For the firm, their competitiveness is increased. The hedge funds are vital in maintaining competitive edges in capital markets. Brokerages provide essential research details that attract investors as well as financial capital that fasten economic growth. The dynamic hedge fund reports are provided to show the numbers, size, and locations of the funds. They show experiences of growth over periods of time which is measured either by the number of issued funds or rather the assets that are under the management. In addition to the above, they show the accountability and transparency by offering information associated with the financial health of the types of companies in the target for investment. Regional brokerages offer such instruments to enable investor protection from risks that are associated with hedge funds. It offers a guidelines to investors. The reports show the overvalued and undervalued equity securities. They reveal the funds with highly expected returns which one can invest in. The activist hedge fund intends to increase the benefit of the shareholder through the company ownership and the demands that are made in favor of improving the management and the business strategies.