What Happened During The Financial Crisis Of 2007-09

Examination Number: B068878 Title of Course: Introduction to Business The name of your teaching assistant: Yida Zhiu The date of submission: 09/03/2016 Word count: 2477 Title of Essay: Briefly explain what happened during the financial crisis of 2007-09. Choose any one aspect or question about the crisis which has attracted attention, and explain the findings of research on this question. Financial Crisis 2007-2009. When analyzing causes of the global financial crisis and its specific symptoms, it is clear that the deepening of globalization processes and high level of internationalization of the world economy determined the significant losses of national financial systems and slowed down their development. The global financial crisis of 2007 - 2009 was a destructive phenomenon, which adversely affected development of the international financial system in during globalization. This crisis has acquired a global status, as it started in one country (USA), gradually spreading to other countries, regions, continents and eventually all the world space. According to Bloomberg, the financial crisis in 2007 – 2009 caused damage to banks shareholders worth more than 690 billion US dollars. In contrast, the total losses in the banking sector worldwide during the crisis in the early 1990s amounted to 200 billion US dollars. The 2007-09 crisis is characterized by a decline in total value of national wealth of the world: from 107 trillion to 50 trillion US dollars. Since mid-2007, theShow MoreRelatedHow Banks Went Broke : A Look Into The Financial Crisis Of 2007-20081696 Words   |  7 Pages Lawrence Humes 4/28/15 Mr. Donnellan Period 1 How Banks Went Broke: A Look into the Financial Crisis of 2007-2008 Nobody foresaw what was about to happen to the economy. In the beginning of the 21st Century the economy was at a state of peace and unity. 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The cure for this crisis has been the topic of much debate; many economists suggest that the idea of price andRead MoreThe Financial Crisis Of 2007-091991 Words   |  8 PagesIntroduction The financial crisis that happened during 2007-09 was considered the worst financial crisis in the world since the great depression in the 1930s. It leads to a series of banking failures and also prolonged recession, which have affected millions of Americans and paralyzed the whole financial system. Although it was happened a long time ago, the side effects are still having implications for the economy now. This has become an enormously common topic among economists, hence it playsRead MoreGovernment Intervention Paper: Lehman Brothers5371 Words   |  22 Pagesaround regarding the financial crisis of 2007-2009. For example, this study will detail the events that led to the problem at Lehman Brothers. What was the exposure that put Lehman Brothers at risk? 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An Overview Of The Financial Intermediation1110 Words   |  5 Pages Appendix A An overview of the financial intermediation process Source: Allen, Chui, and Maddaloni (2004) Lenders (issuers of financial securities) can supply funds to the borrowers (investors in financial securities), who are mainly firms, governments and households, either through financial markets, or through banks and other financial intermediaries such as mutual funds. These investment companies pool the funds of market participants and use them to buy a portfolio of securities. InvestorsRead MoreImpact Of The Crisis On The Banking Industry1813 Words   |  8 Pagesfaced the worst global financial crisis since the great depression of 1930’s. The impact of the crisis on the banking industry was critical during this period. From 2007, bank runs began on several British and American major banking firms, but instead of the classic bank run it was as described by Gorton, G. and Metrick, A. 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A Comparison of the Prince and the Analects - 2148 Words

The Prince or The Analects By Rory Steuart Comparing the The Analects (confucious) with the Prince (Machiavelli) is something like comparing George bush and Elizabeth May of the green party. Basically the wrtitings of The Analects totally disagrees with the writings of The Prince. Confucius believes people are easily improved and taught through self promotion and development, Machaveli however sees humanity in a much different light. Machiavelli was an innovator of realism politics and believed that people of power should conduct themselves as tyrants. Machiavelli and Confucius are from totally different time periods and different places in the world. Which could possibly be the reason The Analects and The Prince are so very†¦show more content†¦A prince has plenty to worry about during times of war and everyone is out to get you so you must be greedy and heinous in times of war. The prince declares that the nation state comes first before individuals. A strong prince can encounter any enemy in war. The prin ce proclaims a ruler must not depend on fortifications. A ruler who can’t create a fearsome army and relies only on defense is not a strong ruler. Machiavelli does focus a lot on the importance of having a city that is unable to be taken by siege, but if you must be able to raise your own army to go on the attack. Therefore a Prince must have a heavily fortified city and be able to deploy an army of his own. Machiavelli believes that the foundation of a strong Nation State is a strong army. According to The prince the most important part of being a leader is studying the art of war. Staying in power is a main point in the prince and to stay in power a Prince must conduct a strong army. The Prince proclaims not only do you need a strong army but also you need to be in total control of that army. â€Å"Prince ought to have no other aim or thought, nor select anything else for his study, than war and its rules and discipline; for this is the sole art that belongs to him who rules, and it is of such force that it not only upholds those who are born princes, but it often enablesShow MoreRelatedAn Analysis of the Central Themes of the Bhagavad Gita and Its Influence on Significant Historical Figures and Literature.1521 Words   |  7 Pageschapter can be daunting for some individuals however because of the sheer volume of names and dates that the reader probably will not be familiar with. In the first chapter, the book sets a stage and gives its back story. Essentially, its begins with Prince Arjuna about to take the battlefield with his army against the blind King Dhritarashtra, who has taken the rightful throne of Arjuna and his relatives and plans to pass it to his son so as to secure his own dynasty. In the story, this is taken toRead MoreEssay on Confucianism vs. Buddhism1607 Words   |  7 Pagesthat Confucius came across throughout his life. Buddhism speaks about how to acquire great knowledge throughout life. Confucianism was founded by a C hinese man, but Buddhism was founded by an Indian man. These quick comparisons show how the religions differ, but more detailed comparisons will be seen throughout the essay. The origins and founders of these two religions are quite similar, which will be explained in this paragraph. Confucianism was founded by a man named Confucius; which is how theRead MoreChinese Philosophies And Its Virtue Essay2103 Words   |  9 Pagesthought and think in terms of the group, while westerners think typically of the individual. This is because rice farming had required a collective thinking, while wheat farming favored individualism and required very little work and thought in comparison. Growing rice is hard work and required many people in labor intensive work and maintenance. While rain fed wheat produces less food and requires less labor. A individual family could support themselves by growing wheat, while paddy rice took theRead MoreImportance of Intercultural Communication to Ist7702 Words   |  31 Pagesteaching of the Buddha. Pali became the canonical language for Buddhists from many countries, but comparable texts came to exist in other languages, such a s Chinese and Japanese, as the religion evolved. Confucian tradition people depend on the Analects. This collection has for centuries helped shape the thoughts and actions for billions of people. 2) Authority In nearly all cases, religious orientations have one or more individuals who are recognized as having special significance who are usually

Real Estate Management Example For Free - Free Essay Example

Sample details Pages: 9 Words: 2586 Downloads: 10 Date added: 2017/06/26 Category Uncategorized Essay Type Research paper Did you like this example? Evaluate the impact of the Natural Environment and Rural Communities Bill on the Countryside, land management oranother identified sector. 1.0: Introduction Rural development has beenconsidered as a critical element since the enforcement of the Rural Strategy2004 as argued by Ozay Mehment (2005).The Governments strive to accomplish rural development in order to achieve asustainable economic form both in the rural and the urban areas in order tomaintain environmental stability as argued by Mike Jenks et al (2004) further justifies the above argument. In this report a critical analysis on theimpact of the Natural Environment and rural Communities Bill is presented tothe reader. The report commences with an overview on the importance of the billto the rural environment and the overall development of the economy followed bythe critical analysis on the legal aspects of the implementation of the bill inthe countryside businesses and land management. Don’t waste time! Our writers will create an original "Real Estate Management Example For Free" essay for you Create order Furthermore, the report alsoprovides a comprehensive analysis on the policy statement of the bill prior tothe analysis of the legal aspects in order to identify key factors that can bediscussed in the discussion on the legal factors. 2.0: Overview of the NaturalEnvironment and Rural Communities Bill The rural strategy 2004 is the keyinstigating factor for the enforcement of the Natural Environment and RuralCommunities Bill as argued by Catherine L. Kling et al (2005)who argue that the need to articulate the concerns, needs and interests ofrural people and businesses is the driving factor for the enforcement of thebill. The Natural Environment and Rural Communities Bill is designed to helpachieve a rich and diverse natural environment and thriving rural communities,through modernised and simplified arrangements for delivering governmentpolicy (DEFRA, 2005). The above statement makes it clearthat the bill focuses on the preservation of the natural reserves and providesdevelopment opportunities with a flexible and modern approach to develop therural areas through industrial development and businesses. Furthermore, the fact that the billembraces the Government Policies and strives to deliver the governmentalpolicies (i.e.) the agenda of the Rural strategy 2004 for the develo pment ofthe rural communities and the countryside further justifies that the bill isnot only for the preservation of the natural environment, but also to develop asustainable strategy to generate revenue through the process for thedevelopment of the communities involved. The key elements of the bill asmentioned below justify the aforementioned argument. Enhancingbiodiversity and landscape in rural, urban and coastal areas with promotingaccess and recreation The fact that the governmentthrough establishing the Natural England strives to provide a singleorganizational responsibility for the aforementioned justifies the significanceof the bill towards natural conservation. Although there are many independentorganizations acting for the development and preservation of the naturalenvironment of the nation, the establishment of a single organization NaturalEngland to accomplish it across the country is the significant element of thebill. Commissionfor Rural Communities T he formal establishment of theCommission as an independent body to act as advocate, adviser and watchdog forrural people makes it clear that the enforcement of the rural strategy is notonly for the preservation of the resources but also for the implementation ofthe government policies effectively. Furthermore, the fact that the commissionacts as an independent body makes it clear that the sole principle behind thebill is to ensure that the Government policies achieve tangible developmentthrough making difference in the community. 3.0: Policy statement and legalimplications The policy statement of the billclearly states the two major significant elements of the bill (i.e.)Preservation of the natural resources and landscape through Natural England andMeasuring progress towards sustainable rural communities through the Commissionfor Rural Communities. This makes it clear that the bill is not only apreserving body but also a governing body to legally enforce the development ofthe rural areas in a sustained manner. The explicit declaration that theCommission for Rural Communities is not a delivering body and acts as asupervisory board to govern the sustainable development of the ruralenvironment makes it clear that the commission predominantly governs the legalimplications in the rural development, countryside businesses and landmanagement. The presence of the commission as an impartial watchdog under thecontrol of the secretary of state further justifies that the implementation ofthe bill is predominantly to accomplish the legal enforcement in achievi ngsustainable development in the rural areas. The explicit declaration on thepolicy statement that the commission assess the performance of the governmentand its delivery agents in rural proofing and identifying the areas ofimprovement or different approach makes it clear that the commission serves asan unbiased watchdog and strives to accomplish the legal enforcement in therural communities whilst deploying the Government policies. An insight into the FinalRegulatory impact Assessment (2005)of the bill further makes it evident that the bill has formulated theCommission for Rural Communities in order to accomplish the Rural Strategy 2004(RS04) which is the legal binding element for the Government policies. The major legal implicationsidentified by Jill DAmbrosio (2005)focus upon the Habitat protection, wildlife protection, and land drainagebylaws and Biodiversity Duty which are also assessed by the final impactassessment of the bill. From the above statements, thelegal a reas where the bill is focusing are predominantly upon the preservationof the wildlife and the enforcement of the government policies to accomplishsustainable rural development. 4.0: Impact on Land Management Mark C. Anderson et al (2005)argue hat the land management in the rural areas especially the largelandscapes in the rural areas is a critical element for the sustainable ruraldevelopment. This is apparently because of the fact that the rural areas in thenation possess significance due to the richness of the landscape and thedevelopment of any business in the area that affect the overall ruraldevelopment by suppressing the natural environment is considered to affect thesustainability of the rural development. This further justifies that the ruraldevelopment initiatives through business development is the major element thatneeds addressing whilst striving to develop business in the rural areas. An interesting issue for discussionin this context is the increased housing development in the rural areas. Theincreased level of the housing development in the countryside mainly with manyaffluent professionals relocating to the rural areas has also increased thelevel of pollution in the a tmosphere through the increased level oftransportation as argued by Mike Jenks et al (2004) further justifies that thelegal aspects with regards to the land management in the rural areas is notonly with the supervision of the abuse of the landscape but also to accomplisha balanced between the environment and rural development. Furthermore, the fact that the landmanagement in the rural area is not only with the managing the housingdevelopment but predominantly with the management and use of land resources ina sustained manner as argued by Mark C. Andersen (2005). This makes it clearthat the land management in the rural context further faces the hurdle ofmaximising the public benefits and enhancing the environment through thedevelopment of the rural areas in a sustainable fashion. This also signifiesthat the enforcement of the Natural Environment and Rural Communities Bill hasincreased the need to accomplish the effective land management of the ruralform to integrate the communitie s in order to sustain the development. The major areas of focus in theland management are discussed below Agri-environment schemes: Theoperation of the agri-environment schemes like the countryside stewardshipand environmentally sensitive areas to monitor the unbiased deployment ofthe schemes and protect the interests of the local communities isessential. This is accomplished through enforcing the Commission for RuralCommunities justifies the legal implication of the enforcement of thebill. Furthermore, the major impact on the land management especially inthe Agri-environment schemes by the Natural Environment and RuralCommunities Bill is the cost benefits and the sustainable developmentthrough the unbiased deployment of the schemes. Hill Farming: Another interestingelement with the land management is the focus of the bill upon thedevelopment of the uplands through encouraging hill farming. The fact thata major segment of the UK landscape is hilly in nature makes it clear thatthe development of the hilly areas in the rural areas is an integralelement for the sustained rural development. In order to effectivelyaccomplish the rural development the encouraging of the hill farmingshould be deployed not only with the environmental and communityconsiderations but also with respect to the need to preserve the naturalresources. This is evident because of the fact that it is difficult toreplenish the resources in the hill regions thus making the landmanagement very critical. Drainage Bylaws: The provision ofthe ability to introduce bylaws by the Natural Environment and RuralCommunities Bill in order to implement the land management in the ruralareas through controlling the drainage system in a given rural landscapeor rural area so as to benefit the community as well as accomplish thesustainable rural development. The significant factor that the NaturalEnvironment and Rural Communities Bill can protect the natural environmentby enforcing bylaws specific to a locality in order to accomplish theproper defence of land against sea and tidal water gives a greater degreeof influence over the rural development. Although the aforementionedprovides a high level of customisation in terms of implementation of apiece of legislation in a given rural locality, the fact that this levelof freedom may also affect the overall sustenance of the environmentthrough the high level of differentiation in the implementation of theGovernment policies eventually resulting in a high ly diverse ruralenvironment which might affect the sustainability. Furthermore, thepresence of the commission for rural communities as an unbiased body toact as a watchdog protects the interests of the community thus enhancingthe overall sustainability of the rural form. The arguments of Mike Jenkset al (2004) that the urban development in nation can be effectivelyaccomplished through the concentric rural development and sustained growthof the community which will prove effective to the overall sustainabilityof the environment of the nation. Apart from the aforementionedfactors, another critical implication of the Natural Environment and RuralCommunities Bill on land management is the habitat protection. The fact thatthe habitat in a given rural form is dependent upon the land and the resourcesfrom the land environment makes it clear that the land management is a criticalelement for the sustainable rural development and habitat protection. Anotherinteresting factor as argued by Mark C. Andersen et al (2005) is the fact thatthe habitat protection is a critical element for the sustainability of thelandscape and also prevents the risk of natural imbalance in the environment. Furthermore,even though the habitat protection is a separate element in the NaturalEnvironment and Rural Communities Bill, the land management is a criticalelement in the rural development, since it embraces various other factors likethe wild life, habitat and above all the community in the region underconsideration. This makes it clear that the land management initiatives adheredby the Natural Environment and Rural Communities Bill will not only accomplisheffectiveness in land management but also accomplish sustainable ruraldevelopment through the enforcement of the commission for rural communities. Land Management in Area ofOutstanding Natural Beauty The Section 85 of CROW Act 2000empowers the relevant bodies to exercise their functions in relation to theAONB. In the light of the above statement the Natural Environment and RuralCommunities Bill can exercise its authority to protect specific areas and alsothe interests of the community through enforcing specific bylaws not only fordrainage management but also for the sustainable rural development. Thecommission for rural communities not only monitor the Government policyimplementations but also as a watchdog to prevent any abuse of areas ofoutstanding natural beauty. This further makes it clear that the enforcementSection 85 of CROW Act 2000 are subject to the Section 11 A of the NationalParks and Access to the Country Side Act of 1949 which monitors many statutoryundertakers including public gas transporters, water and Sewerage undertakers,universal service provider etc. The aforementioned argumentsjustify that the legal implications of the enforcement of the NaturalEnvironment and Rural Communities Bill although friendly to the ruralenvironment further intensifies the issues faced by statutory undertakersthrough the increased level of regulations and restrictions to access in therural areas. This is applicable not only the AONB but across the entire ruralgeography itself. This not onlyaffects the growth of the technological developments in the rural areas butalso hinders the overall rural development itself since the rural developmentcan be effectively accomplished only through the modernization of thecommunity. This also justifies that the effective rural development can beaccomplished only through the relaxed implementation of the NaturalE nvironment and Rural Communities Bill rather than focusing upon the Naturalenvironment preservation. The analysis in the next section on the businessdevelopment in the country side will provide further insight on the impact ofthe Natural Environment and Rural Communities Bill. 5.0: Business Development incountryside and Natural Environment and Rural Communities Bill Striving for the modernization ofthe rural areas always accompanies the implementation of new rural developmentpolicies to deploy modern business development strategies. One of theparticular legislative requirements that is of interest in this section is Universalservice Provider (s.76 of, and paragraph 93(x) of Schedule 4 to, the PostOffice Act 1969 (1969 c48)).Under this a company that aims to develop or expand its business in a givenAONB (Area of Outstanding Natural Beauty) faces several hurdles including thevery basic issue of licensing to conduct business in the area itself.Furthermore, the regulations on the drainage and the provision of the bylawswill affect the development of the business in the rural regions since theprobability of the presence of unique regulations in different areas willdecrease the level of consistency to deploy development strategies by a givenorganization. Furthermore, the environmentalregulations especially the emission and the regulations under t he transport actfor private vehicles and the commuters further makes development of thebusiness an ordeal mainly because of the need to adhere to the environmentalregulations and bylaws. Alongside, the fact that the restrictions on the typeof business in the rural areas as well as the control on the level ofindustrialization in the rural make it further critical for businessdevelopment in the rural areas. The aforementioned factorsnaturally affect the growth of the rural areas (i.e.) affect the sustainablerural development. This is not only because of the obvious reasons of thecompanies declining to invest in business development in rural areas but alsobecause of the need to accomplish sustainable competitive advantage andbusiness development adhering to the bylaws and other legislative regulations. Another critical element that isargued by James Ven Ganzhong (2005)is the environmental restrictions on the business development other than theimplementation of legal factors. The author argues that the environmentalfactors are the critical elements that constitute the overall target market forthe company which is essential for achieve sustainable business development. Inthe light of the above statement, the competition intense businesses likeretailing and IT-based businesses cannot thrive effectively in a rural areaunless the companys head for operations is at a key location using the ruralbranch for secondary activities. Since the secondary activities predominantlyinvolve handling of waste in case of warehouses and increased level ofcommuting in case of development centres like call centres, the stringentregulations posed by the bill affect the overall development of the rural areasitself through hindering the development of business in the country side. 6.0: Conclusions From the above arguments it isclear that the Natural Environment and Rural Communities Bill strive toaccomplish the sustainable development of the rural areas. Even through thisprovides immense opportunities for innovative business ventures and alsoprotects the environment through effective land management, the fact that theNatural Environment and Rural Communities Bill hinders the business developmentin the countryside affects the overall purpose of the bill. Furthermore, theemphasis on the natural environment protection has pushed the businessdevelopment in the countryside to the back seat. Although the bill strives toprotect the interests of the communities whilst implementing developmentstrategies, the stringent nature of the rules and regulations and especiallythe legal implications associated affect the business development in thecountry side. Thus to conclude this report it is clear that the NaturalEnvironment and Rural Communities Bill is a piece of legislation focused upon accomplishing effective rural development whilst failing to encourage themodernisation through the stringent rules and regulations in the environment.

President Jimmy Carter A Champion Of Human Rights Essay

Former President Jimmy Carter is frequently referred to as a champion of human rights. While his presidency is deemed mostly unsuccessful in handling domestic affairs, such as unemployment and a sharp increase of inflation, Carter is well respected for his attempts to negotiate peace across the world. One of his better-known attempts is the Camp David Accords, in which Carter brought Israeli Prime Minister Menachem Begin and Egyptian President Anwar El Sadat together to discuss peace between the two nations. While most Americans see the Camp David Accords as progress toward peace, Arab leaders felt the opposite. In an effort to establish himself and his knowledge with international affairs, Carter immersed himself in learning about the Middle East and did a tour in 1973 through Israel, Palestine, Egypt, and Syria. Before the Camp David Accords, the situation between Israel and every other Middle Eastern country was delicate and heightened by constant guerilla attacks back and forth. While Israel had Western support, their successive militant governments established settlements along the Jordan River as well as military occupation throughout the West Bank and Gaza Strip pushing Palestinian refugees into Lebanon, Jordan, Syria, and the edge of the Gaza Strip. While occupying Palestinian lands in 1967, the United Nations issued Resolution 242 calling for Israel to withdrawal from lands acquired by war and work toward peace as well as settling the refugee problem.Show MoreRelatedPresident Jimmy Carters Speech On Foreign Policy916 Words   |  4 PagesPresident Jimmy Carters speech of 1977 a dvocated for a new direction in foreign policy that emphasized humanitarianism, this new theory was inspired by the ideals of Woodrow Wilson and Franklin D. Rooselvelt. 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Should Plastic Surgery Be Legal Essay - 1848 Words

Plastic Surgery has always been subject to ethical debate, or at least the reasoning some people use to have it done. Now, how can more fuel be added to this flaming topic? Well, do babies have rights to plastic surgery, or are they subject to their parents’ standards till they come of age? A family from Atlanta, Georgia, in the United States has created an internet sensation of their daughter, after Katie Crenshaw the mother of Charlie Crenshaw posted pictures of her toddler on an online website. She told the following to Barcroft Media, â€Å"I sent it to a website that caters towards parents that have children with differences or disabilities, from there it went viral,†. Charlie Crenshaw has what her parents call a â€Å"birthmark†, in truth however it is a capillary hemangioma which is approximately 5cm x 6cm and is located on her right cheek. The American Association for Pediatric Ophthalmology and Strabismus says, â€Å"The benign tumor is made of an abnormal overgrowth of tiny blood vessels,† and† The majority of capillary hemangiomas do not require treatment and are simply monitored for the development of vision problems,†. While the tumor may not pose any immediate health risk it does pose the following ethical dilemmas, 1) whether parents should oppose a surgery which would benefit a child, 2) Are the Crenshaws using their daughter is a ladder to internet fame, and 3) should doctors obey a parent wishes even if the treatment being opposed poses no threat? From the ethicalShow MoreRelatedPlastic Surgery Debate992 Words   |  4 PagesGroup 1 Plastic Surgery I. Introduction Plastic Surgery, or Cosmetic Surgery, is surgery that is unnecessary from a medical perspective, but is carried out to improve appearance. Cosmetic surgery is initiated by an individual who wants to change the physical appearance of a feature. Although in many cases their physical appearance is normal, they may wish to change the size of their breasts or the shape of their nose. An individual may also use cosmetic surgery to change disfigured body partsRead MoreCosmetic surgery is a globally well-known term, which is undertaken to alter and enhance human1000 Words   |  4 PagesCosmetic surgery is a globally well-known term, which is undertaken to alter and enhance human self-imageand esteem.Cosmetic surgery is different from all other forms of surgeries and is a treatment for â€Å"want† rather than for â€Å"need†. Along with gaining popularity due to social obsession, it also creates health risks due to invasive surgery. This essay will argue for government control of cosmetic surgery in the areas of advertisement, medical malpractices and human welfare. 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Australian Computer Society Samples †MyAssignmenthelp.com

Question: Discuss about the Australian Computer Society. Answer: Introduction In this case, Courney a young and ambitious programmer develops a new system which offers web based health services for the aboriginal communities living in remote areas. The system is a great success and the company receives a lot of recognition for the system by receiving a national business award. The ethical issue in this case is that Michael takes all the credit for this project and Courney receives no acknowledgement for her efforts. In this regard , Michael the manager has breached the following code of ethics of the Australian Computer Society(Code of ethics, 2010): The manager, failed to act professionally when dealing with her employee and in this case Courney. As the code of ethics number one stipulates, that a professional in the society should serve the interests of the employers, community and employees, as equal to the interest of self. The manager, Michael has served his interests by taking credit of the system when he knows very well that the credit should go to Courney and therefore she is the one who is supposed to receive the recognition(Huskey, 2012). It is not enough to be recognized in the company only but also she deserves to be recognized nationally for her good work. The manager also has violated the code of ethics that states that any certified professional in the society should be honest in representing their knowledge, skills, products and services. The manager has acted unethically by taking credit as if the system was developed by him. Michael has also failed to enhance the development of Courtney by taking credit of her work. This is another unethical conduct by the manager. He has also failed to respect the integrity for the computing profession and the respect for its members including Courney. Recommendations The following are the recommendations to rectify the above ethical issue. First,The Australian Computer Society should develop a framework that will enable software developers report such cases for disciplinary action in order to prevent such occurrences to other interns(Code of ethics, 2012). The process should be well communicated and should ensure that those who report the cases are not victimized. Second, when a software is developed, the ACS should ensure that the creator or the one who developed the system is known so that he/ she can benefit from the patent and rights. Third, companies should ensure that they adhere to References Code of ethics. (2010). Canberra, A.C.T.: Australian Association of Social Workers. Code of ethics. (2012). Melbourne, Vic.: Australian Psychological Society. Guo, L. and Yau, S. (2000).Lectures on systems, control, and information. Providence, RI: American Mathematical Society. Huskey, J. (2012).Software development. Delhi: Research World.

Australian vs. South East Asian Approaches to Leadership

Question: Discuss about the Australian vs. South East Asian Approaches to Leadership. Answer: Australia and South-East Asia have two of the oldest cultures in the world. It can be seen that many great leaders from different areas have raised from these two regions. The main aim of the study is to analyze and evaluate the various aspects of cultures and leaderships of these two regions. Cultural Characteristics The cultural characteristics of these two regions are described below: Australia: The basic characteristic of the culture of Australia is that it is a Western Culture. The Australian culture has the influence of both Britain and the unique geography of Australia (Wiewiora et al., 2013). The Australian culture was derived from the input of Aboriginals, Torres Strait Islander and other Oceanian people. English is considered as the primary language of Australia. The society of Australia is a multi-cultural society. During the period of Second World War, a heavy migration occurred in Australia from Europe, Greece, Italy, Germany and others (Fiske, Hodge Turner, 2016). Greetings are casual and relaxed in Australia and the Australians are not well known for their formality. Australia has a democratic government system. South-East Asia: The culture of South- East Asia is a diverse one. One of the major characteristics of South- East Asia is that they are less discriminating when compared to the other cultures (Warner, 2014). The origin of this characteristic is the multi-ethnic group structure of South- East Asia. The two major part of South- East Asia are Mainland Southeast Asia and Maritime Southeast Asia. Both tribal culture and sophisticated civilized culture can be seen in the various parts of South- East Asia. The major three cultures of South- East Asia are Hinduism, Islam and Buddhism (Kunstadter, 2017). A common feature of the South- East Asia is the slit houses along with agriculture of rice paddy. Leadership Characteristics Many differences as well as similarities can be seen in the leadership processes of Australia and South- East Asia. The characteristic are discussed below: Australia: There are five major characteristics of leadership in Australia. First, the leaders of Australia are more competitive than others. The leaders of Australia are driven by the higher ambition (Chhokar, Brodbeck House, 2013). Being visionary is another important characteristic of the leaders of Australia. They always think out of the box at the time of decision-making process. The risk taking ability of the leaders are another major characteristic of the leaders of Australia. The leaders are dynamic in nature. They always stand out in the crowd. Having a greater sense of urgency is one of the crucial characteristic of the leader of Australia. These are the major characteristics of the leaders of Australia. South- East Asia: Some major characteristics can be in the leaders of South- East Asia. First, the foundational mindset is one of the major characteristic of the leaders of South- East Asia. They are always willing to learn something new. Deep self-awareness is another important characteristic of the leaders of South- East Asia (Cheng et al., 2014). The ability to bring the people together is one of the major characteristics of South- East Asia. This characteristic is called Genuine Inclusiveness. The leaders of South- East Asia are authentic listeners (Muenjohn Armstrong, 2015). This trait makes them popular to their followers. The natural risk taking ability is a crucial characteristic of the leaders of South- East Asia. These are the major characteristics of the leaders of South- East Asia. Leaders Australia One of the renowned political leaders is the former prime minister of Australia, Gough Whitlam. He is one of the most influential prime leaders of Australia, who changed the social, national and foreign policies of the country. He has achieved many great things (thefamouspeople.com, 2017). One of the famous business leaders of Australia is Chris Corrigan. He is one of the famous businessperson of Maritime Union. It can be seen that Chris Corrigan had a large number of followers and his leadership style influenced many people all over the world (woopidoo.com, 2017). One of the famous social figure of Australia is Bob Hawke. He was selected as the president of Australia in the year of 1969. He influenced the whole population of Australia at his time. Bob Hawke did not like to repeat his mistakes. He led a disciplined and pragmatic administration by his leadership style (theaustralian.com.au, 2017). South-East Asia One of the renowned political leaders of South East Asia was Lee Kuan Yew. He was the prime minister of Singapore from 1959 to 1990. He was the longest service prime minster in the history of the world. His leadership style was the key factor for this (biography.com, 2017). One of the famous business leaders of South East Asia is Nita Ambani. She is the director and chairperson of Reliance Industries of India. She is an amazing leader as she has influenced many people by her leadership style (forbes.com, 2017). One of the most influential people in South East Asia is Ratan Tata. He was the former chairperson of Tata Group. He is a influential leader as he has influenced many people around the world (Cappelli et al., 2015). References Cappelli, P., Singh, H., Singh, J., Useem, M. (2015). Indian business leadership: Broad mission and creative value.The Leadership Quarterly,26(1), 7-12. Cheng, B. S., Boer, D., Chou, L. F., Huang, M. P., Yoneyama, S., Shim, D., ... Tsai, C. Y. (2014). Paternalistic leadership in four East Asian societies: Generalizability and cultural differences of the triad model.Journal of Cross-Cultural Psychology,45(1), 82-90. Chhokar, J. S., Brodbeck, F. C., House, R. J. (Eds.). (2013).Culture and leadership across the world: The GLOBE book of in-depth studies of 25 societies. Routledge. Famous Australians - Business Leaders. (2017).Woopidoo.com. Retrieved 6 April 2017, from https://www.woopidoo.com/profession/country/australia.htm Fiske, J., Hodge, B., Turner, G. (2016).Myths of Oz: reading Australian popular culture. Routledge. Forbes Welcome. (2017).Forbes.com. Retrieved 6 April 2017, from https://www.forbes.com/sites/forbesasia/2016/04/06/asias-50-power-businesswomen-2016/#4447f12b59ef Kunstadter, P. (2017).Southeast Asian tribes, minorities, and nations(Vol. 1). Princeton University Press. Lee Kuan Yew. (2017).Biography. Retrieved 6 April 2017, from https://www.biography.com/people/lee-kuan-yew-9377339 Muenjohn, N., Armstrong, A. (2015). Transformational leadership: The influence of culture on the leadership behaviours of expatriate managers.international Journal of Business and information,2(2). Top 50 Most influential | The Australian | 50th Birthday | Top 50 Most influential | The Australian. (2017).Theaustralian.com.au. Retrieved 6 April 2017, from https://www.theaustralian.com.au/50th-birthday/top-50-most-influential Warner, M. (2014).Culture and management in Asia. Routledge. Who is Gough Whitlam? Everything You Need to Know. (2017).Thefamouspeople.com. Retrieved 6 April 2017, from https://www.thefamouspeople.com/profiles/gough-whitlam-3824.php Wiewiora, A., Trigunarsyah, B., Murphy, G., Coffey, V. (2013). Organizational culture and willingness to share knowledge: A competing values perspective in Australian context.International Journal of Project Management,31(8), 1163-1174.