Titled Modern Portfolio Theory or Investment Management Essay

Titled Modern Portfolio Theory or Investment Management - Essay Example Thus, a portfolio may be defined as a combination of securities with varying risk and return characteristics which in turn contribute to the net worth of the investor. (Swisher, 2005) The topic of discussion in this paper is Modern Portfolio Theory or Investment Theory, which may be defined as the concepts that revolve around educating an investor regarding the steps that must be taken in order to develop a portfolio that will speak of rational choices and optimisation of financial resources. Before going any further, it is imperative to point out that investement brings a certain degree of speculation, especially in today's economic scenario where there has been a boom in the information transmission trends due to an increase in the number of people from various quarters flocking towards investing in portfolios. This paper will endeavor to study modern portfolio theory (MPT), in terms of its various elements like Markowitz diversification, the efficient frontier as well as concepts like the Capital Asset Pricing Model, better known as CAPM. The tools used in the course of application of these concepts include the Capital Market Line and the Security Market Line apart from alpha and beta coefficients which help measure mean, variance, risk and returns of the portfolio as a whole. To begin with, the paper will introduce the Modern Portfolio Theory as propounded by Harry Markowitz in the early 1950s, before moving on towards defining the elements like beta, risk and return that are concerned with the various concepts of Modern Portfolio like diversification and Capital Asset Pricing Model or CAPM. (Swisher, 2005) The intorduction of the key elements before discussing and analysing the actual concepts has been carried out so as to ensure that there is full understanding of the tools that will be used in the study of the Modern Portfolio Theory. The paper will progress through a series of headings that are relevant to introduce new topics. These topics are linked with each other through the tools like beta, risk, return, mean and variance, among others. There will illustrations in terms of formulae and diagrams for all sections of the paper. Markowitz and Modern Portfolio Theory Modern Portfolio Theory has come up a practical model for the measurement of the various trends affecting the portfolio market. As a body of concepts and tools, it is concerned with the identification of markets that have high return potential and those which have a heavy risk factor, so as to help the investor choose more wisely. At the same time, the modern portfolio theory also brings us face to face with the fact that it is equally concerned with varying combinations of assets to zero in on the favourable markets and customers. (Markowitz, 1952) Born in the year 1952, the modern portfolio theory was the brainchild of Harry Markowitz who recognised the need for a certain set of parameters within which the obvious diversification trends may be

What accounted for Japan's rapid economic growth in the post-war era Essay

What accounted for Japan's rapid economic growth in the post-war era - Essay Example policies towards the country, effect of the international market, pre-war industrial capacities, social mobilization and favorable government policies. After the end of WWII, the urge to catch up and level with the western nations coupled with nationalism persisted in japan. Unlike during the war period where the efforts and Japanese energies were focused on military development, post WWII efforts focused on economic development. For instance, the Japanese factories tasked with the production of machine guns were turned into producing sewing machines whereas those tasked with production of optical weapons reverted to the production of binoculars and cameras for the local and international market. This easy conversion of military industries into profitable industries boosted the rapid economic growth of japan (Allen 67). The United States allowed japan to export its products to the USA while simultaneously allowing it to protect its domestic market during the raging on of the cold war. This led to a beneficial trade relationship between japan and the United States of America. Additionally, japan greatly benefited from joining the international markets which offered it low tariffs, the needed raw materials and cheap or lowered prices of oil. Moreover, Japan enacted article 9 of its constitution that forbade it from re arming itself, hence it is protected by the United States. As a consequence, it spends less than one percent of its GDP on its military (Allinson 94). The huge savings propelled the nation to develop rapidly after WWII. Rather than the Japanese possessing a welfare state, a welfare society exists which is defined by the creation of total employment. Small to medium sized cartels of Japanese companies were present to prevent Japanese companies from becoming bankrupt hence maintaining total employment. As a result, the Japanese nation re directed the resources and funds it would have used on welfare to the development of it industries. This led to

Special Education Needs, Access and Inclusion

Special Education Needs, Access and Inclusion This assignment will address issues on dyspraxia and how children with this condition are included in mainstream schools. Firstly a brief history of dyspraxia, with some definition of dyspraxia and statistical information on the condition will ne included. Also how dyspraxia affects a child and the childs learning will be considered along side how teachers provide inclusion for children with dyspraxia. Definitions of the word inclusion will be explored, as well as the importance of a SENCO, the role and responsibilities of the SENCO and support that is provided for children with dyspraxia. Finally strategies for supporting children with this condition such as IEPs (individual education plans) will be considered. This section will discuss the history behind dyspraxia and according to BBC (2011) Dyspraxia was documented when Orton (1937, pp72) used the term congenital maladroitness. He recognised that disorders of the actual doing of a task (praxis) resulted in clumsiness. These children were called clumsy children and dyspraxia was known as clumsy child syndrome. In the USA this condition was first given recognition through the work of Strauss and Lehitinen in 1947. There are number of definitions of dyspraxia Addy (2003, p.7) states that the term dyspraxia is taken from the Greek dys meaning ill and praxis meaning doing, acting and practice. Another definition suggested by Tassoni (2003, p205) dyspraxia is a developmental disorder that affects childrens control and co-ordination of movement. Dyspraxia foundation (2011) identifies dyspraxia has an impairment or immaturity of the organisation of movement which leads to associated problems with language, perception and thought. Statistics show that boys are more likely to have dyspraxia than girls but when girls have this condition they are worst hit than boys. According to Macintyre (2001, p.12) boys: girls are affected 4:1 but when girls have the condition, they tend to be more severely affected. It is estimated that dyspraxia affects at least 2% of the general population to some degree. Macintyre (2001, p12) states that eight to ten per cent of children have some degree of dyspraxia. Dyspraxia is difficult to diagnose which is complex situation for teachers to recognise. The reasons for this are that it may get confused with other condition. Macintyre (2001, p.12) point out there is often overlap with another syndrome. Some of the characteristics of children with dyspraxia are they may have difficulty walking, hopping, skipping, throwing and catching a ball, riding a bike. Delay in using spoken language and speech that is difficult to understand. The child may bump into objects due to lack of ordination. Addy (2003, p.11) states that frequently bumps into things. The child may have difficulty in doing fine-motor skills activities such as tying shoelaces or buttoning clothing. They may have difficulty with handwriting. Poor sense of direction and they may find it difficult to organise themselves and their work. The affects of dyspraxia on the child are that speech difficulties can interfere with casual conversation, which can result in social awkwardness and unwillingness to risk engaging in conversation. Writing difficulties such as poor letter formation, pencil grip and slow writing can make school work frustrating. Tassoni (2003, p206) states that older children may find it difficult to produce legible handwriting. The child may have low self-esteem Tassoni (2003, p.208) argues that children with dyspraxia can develop low self esteem. The child may have emotional and behavioural difficulties according to Tassoni (2003, p206) children may show inappropriate behaviour this can be a result of frustration. Other factors that affect children with dyspraxia, the condition can make it difficult for children to develop social skills, and they may have trouble getting along with peers. While they are intelligent, these children may seem immature and some may develop phobias and obsessive behaviou r. However many young people with dyspraxia may also have the added stress of dealing with coordination problems which may be problematic in physical education classes and other sports activities. Addy (2003, p.11) argues that difficulty in physical education relating to hopping, jumping and balancing. The child may have weaknesses in comprehension; information processing and listening can also contribute to the difficulties experienced by people with dyspraxia. Children with dyspraxia may have difficulty planning and completing fine motor skill tasks. There are two vital pieces of legislative frameworks which have been put in practice to improve the opportunities of those with special educational needs. SEN Disability Act 2001 this act gives disabled children the opportunity to go to mainstream schools and be educated. The local education authority will provide information to the parents and children. This has helped because the child has the opportunity to be educated in mainstream school and work with other children without disability. Another document which contributed towards the right of child with special educational needs is the SEN Code of Practice 2001 which should be followed by every school in the UK. It is aimed to strengthen the right of the disabled child to be educated in mainstream schools where it is appropriate. Although there will still be vital roles for special schools. This can be practiced in schools by the teacher giving information to parents if they believe that their child may have difficulties and may need additional support in school, which the parent should confirm if that is fine with them. The teachers should not discriminate the child who has a disability by underestimating their achievement because they are able to achieve anything that the other children can achieve so it is important not to stereotype. The quote that has been used is educators to inform parents when they make special educational provision for children. This has helped because it has given the opportunity for disabled children to go to normal schools also the teacher must ask permission before taking any action such as putting a child on IEPs. Another issue can be the strategies for supporting children with dyspraxia and removing the barrier to inclusion. The child can be put on IEP plan which describes the goals the staff have set for the child for the school year, as well as any special supports that are needed to help achieve these goals. A child who has difficulty learning and functioning and has been identified as a special needs child is the perfect person for an IEP. The identification and assessment depends on the childs needs, a number of specialists may be involved in the assessment plan. These specialists could include a resource teacher, reading clinician, speech-language pathologist and psychologist. Different professionals are qualified to assess different areas of the childs development. For example, a psychologist assesses a childs cognitive ability or potential. A classroom teacher or resource teacher can assess childrens learning skills or how they learn. An assessment may be done for the following reason s to find out whether the child has a special learning need, to identify the childs current capabilities, skills, and needs finally to find out how those special learning needs affect the childs ability to learn and function in school. Statementing is a recognised procedure of intervention amongst the local education authority and the parents it plans to spot the areas of need and find a treatment. The SENCO will take responsibility for this a statement of special educational needs is a document that sets out the childs needs. The child may have a statement for his or her whole school career, or for just a part of it. Through their annual reviews of the childs statement, the LEA may decide that your child can continue to make good progress with the extra help that an ordinary school can provide within the resources generally available to them. The 3 stages leading to statementing are Early Years Action take places if the childs rate of progress is well below what is expected for children of a similar age and it becomes necessary to take some action which is additional to or different from that usually used. The cause for Early Years Action are when a child makes little or no progress even when different teaching approaches have been tried, continues working in certain areas at levels well below that expected of children of a similar age. Early Education Action Plus occurs when, after talking with parents at the meeting where the Individual Education Plan (IEP) is looked at again, a decision is made to ask for help from outside society. When Early Years Action Plus takes place, advice should always be asked of specialists. The cause of Early Years Action Plus are when a child continues to make little or no progress in certain areas and continues working at Early Years Curriculum levels well below that expected of children o f a similar age. Statutory assessment a statutory assessment becomes necessary when the nursery class or school is not able to provide all the support your child needs. But some parents may worry about their child with special educational needs, education and concerns about schooling, including whether special schools or mainstream education are the best option for their child. According to SENDA 2001 this has set out changes to education for children with SEN in England. It also brings access to education within the responsibility of the Disability Discrimination Act, making it unlawful for education providers to discriminate against disabled children. Support groups can help parents who have special needs children because they will have the opportunity to meet people and socialise with them due to their child having special needs condition which will help the parent to rise self esteem and self confidence. Inclusion this is when the children mix freely with each other and are taught in same groups. There are three types of integrations which are location, social and functional. Location integration children are taught on the same site or schools, social integration children meet at lunch time, playtimes, school plays and assemblys finally functional integration the children are mixing freely with each other and are taught in the same groups. More children with disability have the opportunity to go to mainstream school because the SEN and disability act states that the right of a disabled child to be educated in mainstream schools. Teachers and TAs can help to provide inclusion for children with dyspraxia by being sensitive to a pupils limitations and considering how to provide the best chances of success. In PE, for example, positioning can make a big difference. In the classroom, it is often writing that presents the most obvious problems, so the teacher should think about: the pupils sitting position: both feet on the floor, table and chair height appropriate, sloping writing surface may help. Anchoring the paper or book to the table to avoid slipping, providing a cushion (an old magazine, used paper stapled together) to write on. The writing implements the grip (try different sizes of pen and pencil and various types of grips available from LDA); avoid the use of a hard-tipped pencil or pen. The teacher can provide children with opportunities for practising handwriting patterns and letter formation. The teacher can also provide guide-lines to keep writing straight. The teacher can limit the amount of writi ng required by providing ready-printed sheets or alternative means of recording. Teaching keyboard skills and providing alternative keyboards. Macintyre (2001, p.45) state that opportunities for oral reporting or using a computer are often the best ways to prevent good writing. On the other hand the teacher needs to be careful not to discriminate the child by not providing for their needs. This can occur if a child is disabled and the teacher has lowered the childs ability due to his or her condition and not involve the child fully in group discussion. Which can affect the child by losing self esteem and they will feel that he or she has the ability to do much harder work also be upset and feel left out. This can be avoided by the school having a strong equal opportunity policy. There are number of classroom support strategies for helping children with dyspraxia to succeed in schools. Handwriting difficulties the child can practice using multi-sensory letter formation e.g. sandpaper letters, sky writing. The use of pencil grips will help, writing lines, stencils. Difficulty walking in straight line bumps into people and things another problem may be difficulties running, hopping, jumping, catching/kicking balls. Strategies to support the child the teacher can provide balance or wobble boards, walking on the line and hand to hand throwing using bean bags or water-filled balloons. The role and responsibilities of the SENCO is to be responsible for seeing that all children with special educational need are being helped appropriately, ensuring contact with parents and other professionals. Talking to and advising any member of staff who is concerned about a child. Tassoni state that to be able to lead, motivate and inform other member of staff in matters relating to SEN. Ensuring relevant background information about individual children is collected, recorded and up-dated. They should act in a professional and ethical manner with due regard to confidentiality, data protection and human rights. In conclusion dyspraxia is very difficult condition to identify because it may be confused with other conditions. Schools can provide inclusion for children with dyspraxia as long as they change the way they teach children. In my opinion I think that children with dyspraxia are capable of studying in a mainstream school. Whilst doing this assignment it was difficult to find resources on dypraxia.

Economic Impact of Base Closures on Communities :: Economics USA Community Essays Papers

Economic Impact of Base Closures on Communities After World War II, the United States was suddenly faced with a new enemy, the Soviet Union. Once the United States used the Atom bomb on Japan, there was a race to build bigger and more powerful nuclear weapons. The start of the Cold War was on. This â€Å"war† would turn out to be one of the most expensive undertakings in United States history. Every time the Soviets would build something, we would build as well. The same was in reverse. It was a never-ending cycle to see who could outdo the other. During this time there were also many military bases built in what were once remote towns across the United States. As these bases began to employ more and more civilians, there were suddenly towns sprouting up all around these bases. Some of them became quite large as the bases hired more and more civilian workers and the military members stationed there took more advantage of what the towns had to offer. The late 1980’s saw yet again another change in military policy. Suddenly the Berlin Wall fell and so did the Communist government of the Soviet Union. The Cold War was now over. As a result, the United States was left with an incredible nuclear and military arsenal and no clear enemy in sight. With the threat of a recession on the horizon, there was a study called the Base Realignment and Closure committee, or BRAC set up to decide where cuts in the defense budget would come from and what bases would be closed. The Report of the Department of Defense on Base Realignment and Closure reported that in 1989 the BRAC committee came to the conclusion that the Department of Defense could still strategically operate if they were to close 23 percent of their installations. The report goes on to point out that the end of the BRAC rounds in 1995 estimated the closures to have saved the Federal Government approximately $3 billion. (Www.defenslink.mil/pubs/brac040298.pdf) After the impressive victory in the Gulf War, there was an even bigger cut in the defense budget. There was a sudden impact not only on the military who now had less to work with, but the communities who relied heavily on the military bases for economic stability. As expected, many in Congress who had a base in their district on the BRAC list, suddenly wanted to do everything they could in order to keep the bases up and running. It was originally estimated that the base closures would have an effect on the population of the town through lost jobs, lost sales

A review of McGregors X and Y

Theory X worker works with a Theory Y worker or a Theory X worker works with a theory Y manager (vise versa) will one of them have an effect on the other, or will things stay the same? Introduction God created everything naturally In this world to work. God asked Adam to mend his garden, asked Noah to build the ark; he created animals to be hunters and gatherers as there Job to survive in this world. Thousands of years later it is still a very natural thing for people to work. Humans still naturally wake with the full intent to apply their life to something.It does not have to be the average monotonous daily, but work o humans Is as natural as flying Is to a bird. However, having the natural ability to work does not mean that there are not lazy or hard working people; there are two distinctive types of workers, an â€Å"X† worker and a worker. An â€Å"X† worker is typically a lazy worker, one who dislikes work and will do anything to avoid any obligations or duties. â €Å"X† workers also must be controlled, and given direction in order for them to achieve a performance goal for the day.A Y worker is typically self-directed, they learn to seek and accept responsibility, and have high potential for the work force; though both are still Intended to work. There are also two different types of productivity is essential and getting the most work or productivity out of the day. Style is the participative style. Employees will do the work they have to do with out being told what to do and when to do it. The two theories test the performance experience of employees.If Theory â€Å"X† is represented by worker â€Å"A† who is a bad worker, always late to work, and does an unacceptable work, one can naturally assume that they hate their Job situation or are lazy. If Theory is represented by worker â€Å"B† who is a better worker, never has to be told what to do, shows up on time ND does an outstanding Job around the office, then o ne can assume that they love their work and would be willing to do anything for their place of business, but if a theory Y manager (vise versa), will one of them have an effect on the other, or will things stay the same?Not everybody is influenced by someone, although people will do what they want considering, human nature is to follow by example almost like a monkey see monkey do. Literature Review In the sass's, Theorist Douglas, McGregor examined theories to study performance of individual's interactions and work style between workers at the work place. He designed it with the idea that a workers performance technique is based on motivation and social behavior. â€Å"McGregor Theory X and Theory Y were the foundation of the â€Å"Human Side of Enterprise† (Cunningham).Theory X is based on three core assumptions. â€Å"One, The average human being has an inherent dislike of work and will avoid it if at all possible, Two, Because of this human characteristic of dislike of work, most people must be coerced, controlled, directed, and threatened with punishment to get them to put forth adequate effort toward the achievement of equines objectives versus Just personal objectives, and three, the average person prefers to directed, wishes to avoid responsibility, has relatively little ambition and wants security above all else (Cunningham).According to Organization Theory: However, in situations where it is possible to obtain commitment to objectives, it is better to explain the matter fully so that employees grasp the purpose of an action. They will then exert self-direction and manage to do better work – quite possibly by better than if they had only been carrying out and order, which they did not fully, understand.Once control becomes persuaded that it is underestimating the potential of its human resources, and accepts the knowledge given by social science researchers and displayed by Theory Y assumptions, then it can invest time, money and effor t in developing improved applications of the theory. McGregor realizes that some of the theories he has put forward are unrealizable in practice, but wants managers to put into operations the basic assumption that staff will contribute more to the organization if they are treated as responsible and valued employees (McGregor).McGregor believed Theory X individuals wanted to learn that work was a very natural thing, despite their lazy perspective they wanted to improve self-discipline and self- growth. McGregor believed Theory X employees saw their work as the freedom to try and do tough and challenging work by themselves. The manager's Job was to try and unite the workers and make them strive for self-development in the business and Theory Y was difficult to enforce in a factory setting or in big warehouse areas. Patricia Travis said, â€Å"Theory Y according to McGregor was conducive to participative problem solving.He believed it was better to describe in full the task or topic a t hand so that employees grasped the purpose†(Travis). Theory Y employees would show self-direction and self-control and honestly wanted to do better work and would do better work if they were to do a Job that they understood completely compared to a Job they did not fully understand. Managers found that the participative approach to problem solving showed much better results over the authoritarian order of controlling their employees and constantly nagging them. According to James Nellie who wrote in the Journal of Social Behavior andPersonality â€Å"Theory X and Theory Y workers did not differ in their perception of the scenarios. However, additional analysis revealed that Theory X and Theory Y workers differed significantly in their perceptions of the effectiveness of the unethical behaviors portrayed in some of the scenarios† (301-311). The workers would understand the idea of the Job that was needed to be done but would not fully follow through one hundred percent on how the Job needed to be done. Sometimes it all just depends on how the manger relays the message to the worker and how the worker perceives it.Theory X and Theory Y style management have been a great practice to develop positive management styles and techniques. In the earlier years especially in the first few decades of the 20th century Theory X was dominating the business world and was the lead style to the mechanistic system of scientific management. Tim Handle wrote in the â€Å"Guide to Management Ideas and Gurus† that, â€Å"Theory X is an authoritarian style where the emphasis is on â€Å"productivity, on the concept of a fair days work, on the evils of feather-bedding and restriction of output, on rewards for performance (2003). Several managers are persuaded by the TheoryX style but usually receives negative effects. McGregor questioned that management style and decision-making depended on which type of theory worked on their team. McGregor calls the managemen t X theory the â€Å"stick and carrot† method of management. Managers would have to â€Å"police† their staff, and the workers would need to be pressured, scared and disciplined. This created a very frustrating and dark work environment for the managers and the workers. Theory Y assumes that people will exercise self-direction and self-control and will do everything on their own and will finish a Job with out being bribed or threatened.According to Business Destination Theory Y states â€Å"employees actually become more productive when more trust and responsibility is delegated to them† (2012). Y workers want to work, they want to be productive, and the act of accomplishing work and doing it well is a motivator. Y managers go with the flow and Just allow the workers to work. The Y theory stance is in a unique position; it has heightened awareness of management responsibilities for employer-employee relationships. McGregor urged many companies to try and use the Theory Y design or adopt it.McGregor believed it could titivated human beings and bring out their highest potential and help them achieve bigger goals. Theory X only satisfied a large number of the lower level needs and was nowhere near as productive. As stated before, Theory X expresses distrust in employees who are only working for money, or who try to get away by doing as little paycheck and you most certainly can not always be looking over the shoulder of the employees to make sure they are doing there Job correctly. Theory Y employees are almost the dream employee for a manager.Theory Y employees want to work towards a common goal, and they are able to organize themselves. As a manager those are the workers that you want, the one's that you do not have to baby sit. These studies have shown that there is not one perfect approach to managing a X or Y worker. But from the research one can decide â€Å"the best method all depends on the nature of the work to be done† (Harva rd Business Review). After significant research and collected data research has revealed that companies with highly expected tasks will perform better with dignified procedures.With uncertain tasks that require much brain use and problem solving, businesses that are not as organized and do to put a great deal of emphasize on self-discipline and self worth struggle to get the job done. But over all, it all depends on the development of the company and the business that fits the nature of the Job that needs to be done. A worker's performance can be dependent on a worker's environment or surroundings. A Theory X worker will apply themselves a fraction more and work a little harder if they are in the right conditions of hard working individuals. (Vise Versa) for the Y worker.If a Y worker is in an atmosphere of sluggish, not really wanting to work people they can potentially follow in those footprints. It is human nature to follow by example. This is why leadership is necessary. Leaders hip needs to take a stand to help fix and figure out problems a team may have. If a manager has three X workers and eight Y workers then the manager knowing that there is an impact on one worker from another should find a way to intermingle the works to keep them on and track hard working. If the X worker, works with the Y worker long enough eventually there should be some improvements.And of course this goes the other way as well, but a company wants the best results not the worst. So a company should not have their best errors, working with the worst workers. Methodology Twenty Graduate Level students enrolled in a Organizational Behavior class at a Liberal Arts University participating in two fifteen question surveys. Most of the students are from a varied educational background but all had at least a Bachelors degree, and all understood the theory being tested. The first of the two surveys was to indicate weather the situation and management style is the â€Å"X† or style and to find out how they would handle the situation.The second survey was to indicate whether the person prefers being managed by the â€Å"X† or style. Once figuring out who is an â€Å"X† and who is a the data will be analyzed and then each candidate will be separated into there respected category they belong to. Once the survey takers are separated into there respected category I will use these two surveys to try and prove if a Theory X worker works with a Theory Y worker or a Theory X worker works with a theory Y manager (or vise versa) will one of them have an effect on the other, or will things stay the same?I will look at all of the results and see if their answers lead towards them being affected by the other work or not. The information will be seed to see if they need a little extra push from the people around them or if they can handle most tasks with out having to be nagged and rode the whole time by a boss or someone one on the management team. In analyzi ng all of the surveys and calculating all of the results several re-occurring themes surfaced and proved many things to be true.In the event of trying to prove if a person was an X or Y worker seventy five percent of the survey takers said that they were Y workers. This is something that was assumed from a graduate level class at a prestigious university; one can figure that most, if not all, would be self-disciplined, ND hard working individuals. Of the 20 survey takers only twenty five percent were considered X workers. Of the twenty people surveyed on whether or not they preferred the X or Y management style not a single individual preferred the X management style, including the X style workers.The results showed a large number of different results as expected, but the results were about what one would expect. But with these results my hypothesis was unanswered. Of the twenty people that were surveyed five of them were X style workers and 1 5 of them were Y style workers. Of the twenty people that were surveyed, all of them preferred the Y style management. After reviewing the surveys and the most prominent themes were established the tasks of understanding the monkey see monkey do attitude between X and Y workers and X and Y managers was unclear.The surveys, although showing who were X and Y worker showed that the X workers preferred the Y style management. This shows that a person who needs a little push or a little more observation on the work floor can potentially learn or adapt better with a Y style manager. But at the same time the survey showed that even a Y style worker if paired with a X style manager or a X style worker can forget their Y style ways. It all Just depends on the individual person and there work style.With a better population of people taking the survey more facts and findings can be found, but with my test subjects and the surveys that they took these are the results found and help support my theory. Discussion McGregor believed tha t, workers wanted to work and that they would act like mature adults, and actually wanted to do what was best for the company. McGregor also believed that if management with a intended instructions explained things intended, the worker would do what was necessary, and likely, employees would collaborate without being intimidated.McGregor knew that many of his suggestions would be really hard to adapt to, maybe even near impossible to apply to the work place, but McGregor believed that when people, or staff, or any type of worker is treated with respect and treated like a worker rather than a trained monkey that the workers would give more and work harder and give as close to one hundred percent as they could.Limitations One limitation to this study could be that only small portions of people surveyed and, with the majority of these people being in their early twenties could these individuals have enough life experience and work experience to know exactly how to answer the questions. If the survey had encompassed a broader range of the American population, the results may have been different. Since Management Theory X is an older style maybe the older generation or the baby boomer generation may prefer that form of management a little more.Also with the older generation most where Generation Y is considered a little more lazy and not as self motivated. Generation Y may prefer the Y style management but is actually an X style worker. Another limitation to this study is the selection of survey participants. The survey participants were not selected randomly but used because they could immediately o the survey. The survey takers may have had previous knowledge of the theory, which could have effect the outcome. If the survey population had been selected randomly, there would have been a number of people surveyed who were not educated on the theory or not aware of the concepts.Knowledge of the concepts may have survey the takers to answer a certain way therefore cr eating different results. Despite these possible limitations, the results still stand and have many applications to practice and research and were still used to find answers Conclusion Though Theory X and Theory Y are basic and easy to understand, they provide a path or the future theorist and other people that want to study the nature of how people work and understand the changing world of human behavior with large amounts of information and research.The Theory was easy to study and understand, and it also allowed data collection to be Just as simple. From the above data, and of the students surveyed they preferred the Y work style but all had a preference towards Theory Y than Theory X management style. Even though the data shows one thing it may not technically have a significant, positive relationship between the overall outcomes or hat there is even a monkey see monkey do attitude. Therefore, the hypothesis of this research paper is not confirmed.

Practical Detail B Tech Mechanical Heat Transfer Lab

The equipment consists of a metallic container in which steam generation takes place. The lower portion houses suitable electric heater for steam generation. A special arrangement is provided for the container for filling the water.The glass cylinder houses two water cooled copper condensers, one of which Is chromium plated to promote drop wise condensation and the other is in its natural state to give film wise condensation. A connection for pressure gauge Is provided. Separate connections of two condensers for passing water are provided. One Rota meter with appropriate can be used for measuring water flow rate in one of the condensers under test. A digital temperature Indicator provided has multiplying connections.Which measures temperatures of steam, two condensers, water inlet & outlet temperature of condenser water flow. To find the heat transfer coefficient for Drowses condensation and Film wise condensation process. Condensers : One chromium plated for drop wise condensation & one natural finish for Film wise condensation otherwise identical in construction. 19 mm outer did. 170 mm length. Fabricated from copper with reverse flow in concentric tubes. Fitted with temperature sensor for surface temp Measurement.M. S. Fabricated construction comprising test section & steam generation section. Test section provided with glass cylinder for visualization of the process. Suitable water heater. 1) Temperature Indicator: Digital 0-199. 9 0 C with multinational switch. 2) Temperature Sensors : RD PUT – 100 Type 3) Rota meter for measuring water flow rate. 4) Pressure Gauge: Dial type 0-2 Keg/cam Dimensions Mall unit 1 OFF Heating Elements : Instrumentation Web S tit : www. Etherealness. Com Email: [email  protected] reengineering. Com, [email  protected] Com