The work of Michael Craig Martin Essay Example | Topics and Well Written Essays - 2500 words - 1

The work of Michael Craig Martin - Essay Example In the work â€Å"Inhale Yellow,† there is a direct statement about the modern day living as well as the complexities which it brings. The techniques which are used in the painting, as well as the overall context which Martin defines creates a specific understanding of the work and what this means in contemporary society. By examining this piece, a spectator can make a direct link to personal, societal and cultural viewpoints that are based on the approach to the painting. Background of Painting The painting, â€Å"Inhale Yellow,† is part of a series of works created by Martin, specifically which were commissioned by the Manchester Art Gallery in May of 2002, specifically for the re-opening that they had during this year. The concept which was introduced by the art gallery was based on contemporary themes that are pertinent to the 20th century. This not only included the piece which is often only referred to as â€Å"yellow,† which is acrylic on canvas and 243.8 x 182.8 cm. Martin also created a series of inhale / exhale pieces that are exhibited by the side of this one, all which go along the side of this theme as well as the Manchester life style that is reflective for the art gallery.

International service2 Assignment Example | Topics and Well Written Essays - 500 words

International service2 - Assignment Example Credit ratings play a fundamental role in a reduction of the information asymmetry. Such information concerning the value of securities or bonds is often a subject to distortion and bias, but the rating portfolio chips in to alleviate the crises. The information provided for a certain bond or security influences the intensity of participation of its sales and value in the financial markets. For a borrower to qualify in the stage of borrowing, the lender has to reconsider a variety of factors, one of which is credit rating. Third parties also utilize the same analysis to establish the confidence of the bond progress. Primarily, credit ratings are very essential in reducing such information gap. One has to spot a critical difference between a real borrower and a risk borrower. In this way, credit ratings will come hand in hand with their in-depth information. The information is independent and not subject to bias. Private investors may not keep in close useful trend with the companies that issue the security. Therefore, it is important for an intermediary to come in between the companies giving their results in terms of ratings. The ratings will not only aid in investment portfolios but also in transparency and disclosure of appropriate bonds purchase in the coming days. Most significantly, credit rating process utilizes the entire firm’s financial data, financial trends, accounting information and other charters to come up with a conclusive information of rating the firm. The evaluation process is rigorous and consumes much time. Those analyzing the data always strike a clear balance in the assessment tools to ensure that there is no one firm that is disadvantaged. The information is also withheld d and not disclosed to other competitive firms, hence high level of confidentiality. With the rigorous process utilized in data collection, analysis and final verification, the

Social Work Personal Reflections On Becoming A Social Worker

Social Work Personal Reflections On Becoming A Social Worker Personal Reflections On Becoming A Social Worker In this assignment I am going to explore the reasons and motivations that inspired me to redirect my life and enter the social work profession. I am going to reflect on my life, so that I am able to realise the probable impact of my experiences on my professional life. My story begins with my grandparents, both paternal and maternal, who were working class, suffering disadvantage and poverty. Both my grandmothers worked in the mill doing piecework to try and keep their families afloat. My maternal grandmother was always in debt, borrowing on HP to buy goods, and my paternal grandmother was a widow who brought my father up alone. There was no benefit system then, therefore, she had to work to survive. My father passed the grammar school exams but was unable to attend, as my grandmother could not afford for him to go, hence he had to seek employment instead. My father worked hard and eventually acquired his own business. As I grew up I became aware that my father was very thrifty, a consequence of the hardship he suffered as a child and not wanting to return to this state, which made me very aware of the disadvantages of poverty. My father and grandmother brought me up, with my brother. We lived in a terraced house, in East Lancashire, with no bathroom and an outside toilet. I do not remember life as a ‘normal’ family as my parents divorced when I was young. My grandmother was upset by the divorce, inducing her to ‘split’ (Klein identified this process as a defence) favouring her son. She idealised my brother, and I was left to my own devices, (I was denigrated, I assume because I resembled my mother) often playing with friends and joining them on family outings. I felt isolated and as though I did not belong anywhere. I promptly adapted my own survival techniques by splitting; becoming a ‘free spirit’, and pretending I belonged to the families I joined on outings. ‘Splitting’ being the â€Å"most primitive of the defences† (Froggett, 2008). Growing up I remember there was not much money, my grandmother buying clothes from jumble sales, and I only remember getting new socks for Easter. I was not particularly aware of my socio-economic position, however, I did recognise that we were different from other families. Although people no doubt did feel sorry for me, I used my personality to gain recognition as an individual. This, perhaps, was the beginning of my interest in less fortunate individuals, influencing my decision to enter social work. I was unaware, at this time, that I had a mother but I did have contact with my maternal grandparents. My father was not particularly political, however, my grandparents were very much of the labour mindset, having split, and adapted a ‘them and us’ mentality regarding their status of working class. My maternal grandmother was involved with the Catholic Church and helped others less fortunate by knitting clothes and baking cakes. She was very kind and caring in one way, but to a lesser extent if people were of a different religion. During that time the community relied on their faith and helped their neighbours, seeing it as a Christian duty. My grandmother was a respected member of the community who was aware of, and took responsibility, showing empathy and compassion for those less fortunate than herself. She believed that she was improving their lives, but was realistic recognising that she could only assist them with emotional and practical needs, not material wealth. Hence, she was not alleviating their poverty but making it more bearable, and it could be said that she acted as a ‘container’ for others. Containment (Froggett, 2002, pg 13) â€Å"refers to the capacity of an individual, †¦.., to mentally receive and hold the disorganised or troubling psychic material of another, rendering it more bearable.† This resulted in, according to Klein, her realizing the ‘depressive position’ (seeing the other as whole). Looking back now I believe this is where I gained my values and beliefs, my grandmother being an important role model. Her influence was the beginning of my need to enter a caring profession, feeling a sense of obligation to support and care for others. My grandparents often talked of wartime, the struggles and hardship, remembering rationing and institutions. They welcomed the new welfare state, seeing it as an end to their struggles providing benefits, healthcare and education. I grew up not knowing anything other than a welfare state, accepting it as a right for everyone; however, I can imagine how difficult life was for them and the disadvantages they suffered as a result of their social position. Prior to commencement of this course I have criticised welfare for creating a ‘dependency culture’ and demonised those who could work and never tried to find employment. At the time I was suffering hardship, being widowed and pregnant at the age of 27 with 3 boys already aged 18 months, 3 and 5 years respectively. I received widowed mother’s allowance but also worked part time to support my family. I was not in receipt of any other benefits, free school dinners or free school uniforms. I would have been better off on benefits but chose self-respect, not wanting to be a burden, and I feel this has made me a more independent person. I realise now that others lives are more complex and involve other issues, nevertheless, by working I was not allowing myself time to grieve and by demonising others I was blaming them for my situation. Now I can see all angles and have reached the ‘depressive position’, having mourned and can feel compassion for those on welfare. The ‘depressive position’ being a â€Å"†¦ selfless capacity to acknowledge other people for their unique qualities and moral worth.† (Froggett, 2002, pg 45) I have always wanted to enter a caring profession; when I was younger people would comment on how I would make a good nurse, but until the death of my husband I did not pursue this, as life had presented me with other obstacles. It was due to my own lack of support after my husband’s death that I became more determined to help others who could not help themselves. However, during the process of becoming a social worker I have become aware of and welcomed the help I am also giving myself, resolving hidden issues from the past. Being abandoned by my mother left me feeling rejected, isolated, and feeling of no importance to anyone. The experience made me a very independent and untrusting person, making me feel as though I could only rely on myself, and this remains with me to this day with exception of the ‘untrusting’. As I matured and formed a relationship with my mother, albeit a fragmented one, I now understand her reasons for leaving, (a characteristic of the ‘depressive position’), although, having been widowed with 4 children to raise in later life, I cannot condone her actions. She has expressed guilt and sorrow, and felt that she was doing the right thing at the time, reasoning with herself that I was better off with my father and stability. She entered a new relationship, having a second family and ‘split’ her feelings for me as a response. I ‘split’ in a way that I denied I had a mother, repressing her into my unconscious, and erased her from my memory. I remember at the age of 6 coming home from school to find my mother with my grandmother and not knowing who she was. From the age of 7 I moved area to live with my mother and new family and felt like a prisoner. My anxiety caused me to demonise my mother as I blamed her for taking me away from my father and for trying to indoctrinate me to have bad feelings for him. I could not see any positive qualities about our relationship (Froggett, 2008). Consequently my relationship with my mother was never a good one, and I constantly challenged her attitudes, and beliefs. The challenges were sometimes in my actions, but mostly within my thoughts as I was too scared to challenge her directly as she was manipulative and controlling which in turn made me split and become more independent, refusing to ask for help. I felt I didn’t need anyone and could manage on my own. The contemptuous relationship with my mother was a result of a damaged transition into ‘twoness’, (separation from my mother) which made me, at times, mistrustful and uncertain of relationships in my adult life, fearing rejection and unreliability (Froggett, 2008). My childhood experiences meant that I lost confidence in ‘the reliability of the social world’ (Honneth, 1992, p133) and was insecure. My life changed dramatically when I was 13 and my mother was diagnosed with cancer. It was at this time that integration became apparent, and I was able to forgive and re-build our relationship, achieving a ‘depressive position’. I felt needed, and guilt at the same time regarding my feelings for my mother. She was very ill and I was expected to become an adult and run the guesthouse we lived in. I felt very isolated; I no longer saw my friends from school as I looked after my family, did the household chores, paid the bills, did the shopping, visited my mother in hospital (before I went to school) and had no spare time to socialise. I managed to cope with the extra responsibility but experienced loneliness at home; and at school where I was bullied for a time because I was permitted to enter school at 9.30. Other children recognised this as being given special treatment, whereas, it was ‘misrecognition’, as I had chores to complete before school, which was difficult, â€Å"†¦. misrecognition can inflict harm, can be a form of oppression, imprisoning someone in a false, distorted and reduced mode of being.† (Taylor, 1995). However, my relationship with my mother had changed and I was able to convey my feelings to her and contain my anxieties. This new found desire to help led me to become involved, as a teenager, with helping children and committing to some voluntary work at a psychiatric hospital. Identifying with similar people was a form of release, helping myself by helping others, allowing me to deal with my feelings of abandonment, exclusion and isolation. I developed this further when I later became involved with Home Start, as a volunteer, which was the determining factor in my decision to become a social worker. My relationship with my mother deteriorated again when my brother died. I felt alone again, as my brother had been the one stable element in my life, and my way of coping was to blame my mother for uprooting us and bringing us to live with her. I detached myself and denied my brother was dead for a while by pretending he was away, (he had been in the RAF living in various camps) as a defence mechanism. I had just met my husband at this time and his strength allowed me to deal with my loss and come to terms with it; he became my ‘container’ allowing me to reach the ‘depressive position’. At the age of 18 years old my mother told me to leave after constant confrontations. We could not live together as we were both finding it very difficult dealing with our own grief, and each other’s. I felt liberated and was relieved as I had always been too scared of my mother before but my husband, my ‘container’, gave me the strength to stand up to her, and I finally found the strength to attain recognition as an individual. When my husband died I feel I split once more. I no longer felt I belonged, I hated everyone, particularly happy families, and I felt isolated and alone (Woods and Hollis, 1990). This could be defined in Kleinian terms as being the ‘paranoid schizoid’ position (a form of splitting) (Beckett, 2002). This was the worse time in my life and affected me deeply. I did start to drink at this stage to enable me to experience ‘oneness’, but did not attain this (Froggett, 2008). I was pregnant at the time; therefore, for the sake of my sanity I addressed my negative behaviour to prevent damage to my child. I realised that I had an unborn child who needed me, as well as 3 other children, who loved me unconditionally and I somehow found the strength to resolutely challenge myself not to disappoint them as my mother had me, this being my reason for containment (Froggett, 2008). During this time I was never asked or given a choice about any form of counselling, and I received very little support. This became my motivation for embarking on social work as a career, as I felt I could do a better job than some; as I had experienced disadvantage, trauma and been marginalized. I felt that I would be committed and reliable to the people who needed my support. My experiences have given me an inner strength, making me stronger (Hollis and Woods, 1990), enabling me to empathise and show compassion to others, and I felt that I had a lot to offer others less fortunate than myself. I had always been of an altruistic nature, and during this period of my life I realised social work, as a career, would allow me to practice altruism on a larger scale, gaining emotional gratification (Woods and Hollis, 1990). Hollis and Woods (1990) suggest that ‘motivation is very much affected by hope’ (p274), and although I had suffered traumatic events throughout my life I was able to acknowledge that I could use these experiences for the benefit of others. I had reached the ‘depressive position’, could begin to move forward, integrate the experience, and make sense of everything, the world being a better place (Beckett,2002). I embarked on a course at college, studying at night while I worked during the day, and continued my development when accepted on this course. My family felt this was an inappropriate choice, as they felt I had enough to do bringing up four children. My mother in particular thought it was a waste of time as she considered social workers to be ‘do gooders’. I felt that I wanted to give something back to society, and make a difference to those who are vulnerable, oppressed and struggling to cope with the pressures of social injustice and poverty. I wanted to make sure people have basic resources to meet their needs regardless of race, age, sex, or sexual orientation, empowering them to take control of their lives and promoting well-being. My mother’s attitude just made me more determined to pursue this route. Whilst at university I have developed my practice on placement, learning many new ideas, and realising the importance of social work on peoples’ lives. â€Å"Understanding the impact of transitions within a person’s life course is important for social work practice in order to help us understand other people’s lives† (Crawford and Walker, 2003, p5). On placement I worked within a family support team, and found one situation, with a young girl, particularly difficult as I identified with her complex situation. The girl had been abandoned by her mother, and was living with her father and stepfamily. Recognising her feelings I assisted the girl to develop an internal container by giving her a secret diary to record her thoughts and feelings, and we would discuss these feelings weekly. Whilst supporting the girl I experienced ‘transference’, feelings evoked from past attachments with her mother were transferred onto me, (Froggett, 2008)) and she became very attached and dependent on my visits. I was overwhelmed by the strong emotions projected from the girl, however, was unable to reject her, and as a consequence of her actions encountered ‘counter-transference’, relating my own personal experiences (Froggett, 2008). My vision became blurred with my own internal feelings, resulting in my inability to see the girl realistically. I found myself very protective of her, working extremely hard; advocating for her with her father who was oppressive and controlling, as I felt she was alone, and unable to challenge him. Furthermore, I wanted to ‘mother’ the girl to boost her self-esteem, and thus prevent her isolation. After our sessions I would go home mentally drained. Bion (1977) suggests there are three types of container-contained relationships: ‘parasitic’ dependent and unhealthy ‘commensal’ mutual containment, of benefit to both parties ‘symbiotic’ – receiving support to manage feelings, and seen as a healthy relationship. Fortunately I was able to express these anxiety provoking feelings with my assessor, hence she became my ‘container’. We had a ‘symbiotic’ relationship and she enabled me to disentangle myself from the situation, regain my ability to hold painful feelings, allowing me the capacity to perceive the girl as separate, and re-integrate (Menzies-Lyth, 1988). I was in a position to reflect, appreciating complexity, achieving ‘3rd position thinking’, ## I became stronger as a result, thus I was able to perceive things from a different perspective. During reflection I recognized emotional factors had clouded my judgement and I reached a better understanding of the situation, realising I had transferred my personal experiences onto the family (Winnicott, 1971). I acknowledged this intervention had proven difficult, bearing resemblance to my own experiences, and resolved to be more aware, making sure my professional boundaries were firmly established for subsequent visits and for the future (Froggett, 2008). Towards the end of my placement I referred the girl to a counsellor at school, so she did not feel abandoned, making effective use of another support network. Initially I had been attracted to working with children and families, however, supporting this girl made me realise that perhaps family support is not an area of practice that I should go into, as it may prove too emotional a field for me. Getting too involved with a client could prove ineffective and I could lose my focus. I have faced many challenges throughout my life but I have always managed somehow to rise above these, drawing on my reserve strengths and becoming a more resilient person. The importance being that I feel I have become self-assured, and can be an asset to the profession of social work. â€Å"The personality traits that I have as an adult are a direct result of my experiences from childhood† (Woods and Hollis, 1990, p34) Undertaking this assignment has been challenging and difficult, however, I found that putting my life into words was quite therapeutic, releasing certain issues that I had repressed. Freud suggests repression is â€Å"the most important of all defences† (Froggett, 2008 pg. 8) but releasing my feelings and thoughts about my life experiences enabled me to understand how I came to develop my own beliefs and values, as Crawford and Walker (2003) inform us â€Å"Social workers need to understand their own life course development and the significance that this has had on the values and beliefs that they have developed themselves.† Pg.13. According to the Code of Ethics, a social workers objective is to support people in need, addressing social problems. Experiences have made me the person I am, and utilising my skills, both personal and educational, will help me perform this duty. I believe my personal experiences changed me, making me more open to new ideas, and although I am very much aware of the past I have dealt with it, and do not dwell, moving forward. I have achieved ‘3rd position thinking’, realising that I can be a ‘good enough’ mother, whilst achieving success as a professional (Froggett, 2008). 3289 BIBLIOGRAPHY Beckett, C. (2002) Human Growth and Development. London. Sage Bion, W. (1977) ‘Learning from experience’, in Seven Servants, New York, Jason Aronson Crawford, K. and Walker, J. (2003) Social Work and Human Development. Exeter. Learning Matters Froggett, L. (2002) Love, Hate and Welfare – Psychosocial approaches to policy and practice. Bristol. The Policy Press Froggett, L. (2008) Psychosocial Theory and Practice for Social Work: A Conceptual Introduction to an Object Relations Approach. Preston. University of Central Lancashire. Unpublished manuscript Hollis, F. and Woods, M (1990) Casework: A Psychosocial Therapy 4th Edition. USA. Library of Congress Honneth, G. (1969) Integrity and Disrespect: Principles of a Conception of Morality based on the Theory of Recognition. In: Political Theory. 20 (2). 187-201 Menzies-Lyth, I. (1988) Containing Anxiety in Institutions: Selected Essays, Volume One. London; Free Association Books Taylor, C. (1995) The Politics of Recognition, in: Philosophical Arguments, Cambridge, MA, Harvard University Press. (First published 1992 in Gutmann, A. (ED) Multiculturalism and ‘The Politics of Recognition’, Princetown NJ, Princetown University Press). Winnicott, D. (1971) Playing and Reality. London. Tavistock Publications Limited Aldridge, M (1994) Unlimited liability: Emotional Labour in Nursing and Social Work. In: Journal of Advanced Nursing. 4. 722-8 Hochschild, A (2003) 2nd edition The Managed Heart: Commercialization of Human Feeling. USA; University of California Press.

Albert Einstein Essay -- physics biography bio

Although there are other very interesting physicists who have contributed to the scientific world, I decided to do some research on Albert Einstein. You may have heard funny stories of his quirkiness like not wearing socks, or you may have seen posters of him with his wild, untamed hair. I have wondered what Einstein is really like. What was the personality of this man who was so incredibly smart? And if he really was that smart, why would he treat his hair and feet so poorly? This web page gives a bit of insight to the highly famed physicist. There is a basic overview of the his accomplished theories. Also, I provide a timeline of Einstein's life. His views and politics are a little less known, but what I'm including here that is difficult to find at other web sources is Albert's personality. So, if you are bored with reading about his theories, when he was born, married and died... check out the personality section and discover Einstein's character. The year 1905 is referred to as annus mirabilis ("miracle year") because it is the year in which Einstein introduces the theories that make him famous at the young age of 26. First, in his Special Theory of Relativity, he demonstrates that space and time are not absolute but vary with the proximity of one object to another. Example; for a person living in orbit around the Earth, time would pass more slowly than if he/she were living at sea level. The difference is not great, but it is still there and this is due to the variance in gravity with respect to earth. This would mean Isaac Newton was wrong, although his theories still generally hold for calculating dynamics close to Earth. Also, Einstein takes on the topic of light and by the time he publishes the pa... ...al libety, tolerance, and equality of all citizens before the law prevail. Political liberty implies the freedom to express one's political opinions orally and in writing; tolerance implies respect for any and every individual opinion. These conditions do not obtain in Germany at the present time. Those who have done most for the cause of international understanding, among them some of the leading artists, are being persecuted there. Any social organism can become physically distempered just as any individual can, especially in times of difficulty. Nations usually survive these distempers. I hope that healthy conditions will soon supervene in Germany and that in future her great men like Kant and Goethe will not merely be commemorated from time to time but that the principles which they taught will also preail in public life and in the general consciousness.

Microfinance Impacts On Social Vulnerability Health And Social Care Essay

The research reported in this thesis was on â€Å" Impact of Microfinance on Social exposure in low income families of Pakistan † . The intent of this research was to analyze the impact of microfinance upon the vulnerable sector i.e. the low income Households of Pakistan. The primary information was gathered by drifting questionnaires and carry oning interviews. SPSS package was applied to analyse informations for frequences and cross tabular matter. The consequences were interpreted by usual rules of statistics. The findings suggested that there is a important impact of microfinance in cut downing poorness of the low income families. The findings showed that the microfinance clients had been helped by microfinance loans to elate their criterion of life and their societal position. Microfinance establishments have improved their criterion of life. It has besides helped them by increasing their entree to wellness and instruction installations. Microfinance has improves the conditions of lodging of its clients. Therefore microfinance establishments help to diminish the societal exposure and has moved them out of po orness.Chapter 1IntroductionOverview of the subject under considerationThe operations of microfinance are non much different from that of commercial Bankss but the chief difference prevarications in their client section which is the hapless for the microfinance. Challenges that are faced by the hapless are hapless wellness, deficiency of instruction, hapless lodging, and deficiency of lodging and unexpected menaces like natural catastrophes. These factors influence the economic status of the hapless every bit good. Microfinance focuses on these issues to cut down societal exposure of the hapless. Some of the issues that have impact on the societal exposure of the hapless are: Poor wellness is one of the chief grounds that makes people vulnerable and does non let them to draw out of poorness. Death of the staff of life earner leaves the full family helpless and therefore falling of one member ill makes the full family unstable. Education is one of the major constituents of microfinan ce services. Microfinance allows the client to pull off their growing income activities. In the absence of proper instruction the hapless are unable to travel out of poorness. Fiscal preparation and proviso of grownup literacy are of import parts of microfinance merchandises. Housing helps the hapless to make assets. Investing in lodging agencies in investing in concern since the hapless normally work from place. Proper lodging gives the hapless with entree to basic installations. Income required for nutrient ingestion and other outgos is critical and should be plenty to maintain the house stable. Standard of life determines the quality of unrecorded the hapless are populatingBackground of the subjectHistory of MicrofinanceMicrofinance is an old construct but it became really popular in the 70 ‘s by Dr Muhammad Yunus. Muhammad yunus realized that there would be a batch of enterprisers among his state but these people could n't get down their ain concern due to miss of capital. Muhammad Yunus established a bank that would impart a few hundred dollars to the hapless to get down a new concern. He established the Grameen bank in 1983 in Bangladesh. His chief aim was to assist hapless people move out of poorness by supplying them with loans. Microfinance refers to provide of fiscal services like loan, insurance, nest eggs to the hapless. As the hapless can non acquire these services from commercial Bankss, microfinance provides them with these services. Microfinance was introduced in Bangladesh in 1976 and of all time since it has gained importance in the fiscal universe. Microfinance has shown a positive impact on its clients over the old ages. Surveies have shown that bulk of the loans to travel adult females and adult females invest them in concern and better their and their household ‘s criterions of lifeSocial exposure in PakistanSocial exposure has many dimensions. The hapless in Pakistan have non merely low income but they besides lack entree to basic demands such as instruction, wellness, clean imbibing H2O and proper sanitation. The latter undermines and bounds their capablenesss, bounds their chances to procure employment, consequences in their societal exclusion and exposes them to exogenic dazes. Then the barbarous rhythm of poorness is accentuated when so authorities constructions exclude the most vulnerable from the determination devising procedure. Poverty is one of the most of import jobs that are faced by state. But due to increase of economic activities and policies of the authorities, there are some good Numberss came on poorness and poorness decrease. Social exposure, societal exclusion and societal inequality are found in different parts of rural Pakistan. There are different societal constructions that govern the rural life in Pakistan. In rural Pakistan socially vulnerable groups have limited entree to labour market and societal services and this restriction leads to poverty. More than one-half of the rural population in Pakistan is landless and rural poorness is highest among those who own no land. It is found that 42 per centum of the population is populating in families with illiterate caputs is hapless. Net primary registration rates are merely 37 per centum for the hapless and this per centum is even lower in adult females and kids. There is the presence of affinity and caste system in the rural Pakistan and the presence of powerful groups leads to affairs like entree to instruction, wellness and other services Lack of instruction and deficiency of entree to wellness and public services are one of the grounds of poorness. Supplying loans to the hapless is non a new thought, every bit early as 1960s Agricultural bank has been supplying loans to the husbandmans to purchase fertilisers, high giving up seeds and machinery. These Bankss failed to better the criterion of life of the hapless because they merely provided loan and did non offer services of sedimentation maintaining and did non hold any economy merchandises. MF attempts to supply solution to this job. MF provides fiscal services include working capital loans, consumer recognition, nest eggs, pensions, insurance, and money transportation services. Microfinance covers a broad scope of services that is non confined merely to micro recognition.Importance of the survey with regard to the universeOne-half of the universe ‘s population is populating on an income of less than two dollars a twenty-four hours. In these hapless communitie s one kid out of every five does non populate to see his birthday. Microfinance claims to supply the hapless an entree to capital giving them an chance to travel up the economic ladder. Examination of microfinance operations around the universe has indicated that hapless who use microfinance merchandises have become less vulnerable and are able to travel themselves out of poorness. Even those who managed to travel out of poorness, it took them 5 to 10 old ages to travel out of poorness. Impact appraisal of microfinance is of import to understand the effectivity and outreach of microfinance in run intoing the development aims, Besides an of import point the should be considered is that microfinance services are an instrument of development and non an terminal in themselves. In the planetary conflict against poorness microfinance is considered an of import and effectual tool. It increases the chances of the hapless by supplying them entree to the capital and helps them by increasing i n their income and besides increases the societal position of the borrowers. Many givers, societal investors and policy shapers have supported the growing of this on an international graduated table with important flows of subsidising grants and financess.Importance of the survey with regard to PakistanMicrofinance sector began in Pakistan through rural development undertakings that were funded by the givers. The Agha khan rural support plan theoretical account has been imitated all across Pakistan and since so microfinance has become an critical instrument in covering with the issues of the hapless of the Pakistan. It is considered that microfinance should be used to cut down poorness by 33 per centum.This belief is mostly supported by informations and grounds all across Pakistan. Along with cut downing poorness microfinance in Pakistan is besides seen as an of import instrument for gender authorization. The Government of Pakistan and rural support plans in the state think that by supplying recognition to adult females there can income coevals and the societal and economic position of adult females in the family and in the community can be improved. As it is believed that microfinance can extinguish poorness, can authorise adult females and eradicate unemployment but still there is non adequate research that supports all these claims.Research inquiryWhat is the impact of microfinance on societal exposure in low income families of Pakistan?Chapter 2LITERATURE REVIEWWarner ( 2009 ) conducted a research on societal exposure, where she defines the term, examines policy significance of societal exposure and discusses the value of survey of societal exposure for hazard direction. The cardinal ground behind this research was to see the factor that are related to exposure for hazard decrease intent and discourse the major concern that should be considered while making research. The author discusses the hard in mensurating societal exposure ; she says that chief metho dological argument about societal exposure is that it deals with our certain societal elements that are hard to mensurate. The author points out that there should be tools that should be made by the policy shaper that should assist in mensurating societal exposure accurate and easy. The determination were that societal exposure is merely non put on the line decrease because it consider three of import component and those elements are people, societal systems and non structural solutions. The author references chances that are present to extinguish societal exposure are by authorising adult females and bettering the position in the society and by utilizing hazard direction tools like microfinance to better the hazard direction capablenesss of the vulnerable population. United Nations secretariats ( 2003 ) published a study on universe societal state of affairs, beginnings and challenge of societal exposure. The aim of this study was to place the beginning of societal exposure because to accomplish decrease in societal exposure it is of import to understand its beginnings. The study states that societal exposure is the exposure of societal groups. These societal groups include adult females, kids, older people and people with disablements and minorities. The study states that these groups face societal exposure due to different societal, economic and cultural barriers. These groups are excluded from income market every bit good as are socially excluded. This study identifies that a barbarous circle is created by the interaction of poorness and exposure because hapless people are the 1 who are most vulnerable to income dazes and stuff losingss and these dazes and losingss make them unable to travel out to poorness. In order to cut down poorness it is of import to understand what makes these people vulnerable. The most of import beginnings of exposure identified in this study are income security and deficiency of entree to fiscal markets but these are non the lone beginnings other societal ailments such as hapless wellness, unequal entree to wellness services, no entree or unequal entree to instruction are besides major beginnings of societal exposure. Apart from this societal exclusion on the footing of gender and civilization besides lead to societal exposure. This study identifies the demand for societal and economic policies that help in creative activity of employment of these societal groups. The most of import beginning of societal exposure identified in this study is income insecurity hence economic growing and creative activity of employment should be kept in head when making policies to cut down societal exposure. As societal exposure arises due to societal, cultural and economic barriers, hence societal and economic p olicies should be integrated to cut down societal exposure. This study indicates that developing states should implement stairss for socially vulnerable groups. Philip and rayhan ( 2004 ) conducted a research on what are the causes and what is the relationship between poorness and societal exposure. The cardinal ground behind this research was to look at different significances of poorness and societal exposure and to analyze their interrelatedness in order to better the life criterions in the development states. To transport out the research they did interdisciplinary analysis of both poorness and exposure by reexamining literature and by looking at the instance surveies of different developing states. The determination of this research was that exposure and poorness are multidimensional footings i.e. they include societal, economic, political and environmental factors and are complex footings. They are interrelated in such a manner that each causes the other, which means that poorness makes people vulnerable to societal, economic and environmental dazes, their exposure escalate poorness and therefore do them vulnerable to farther dazes. Fo r measuring of exposure, factors of economic efficiency which are land productiveness, labour productiveness, and per capita income, factors for societal equity which are people below poorness line, life anticipation, and female literacy should be measured. PROBLEMS OF POOR HEALTH SHOULD BE ADDRESSED BECAUSE THEY HAVE BEEN FOUND TO BE THE MAIN RESONS of poorness and societal exposure. Freyssinet ( 2009 ) worked on how to mensurate societal exposure. The purpose of mensurating societal exposure is that it can assist in minimising the inauspicious impact of economic, societal, political and environmental dazes and aid in interrupting the rhythm of aims every bit good as subjective. The article states some variable that can assist in mensurating societal exposure ; the variables are healthy life anticipation, poorness, unemployment and debt ratios and others. Wisner ( 2006 ) worked on the hazard decrease indexs of societal exposure. The cardinal ground behind this research was to analyze the indexs of societal exposure for its better apprehension. He states that those indexs are used whose informations is available from family study or informations collected by different disposals. He states that an of import index of societal exposure is school safety. School safety includes the per centum of school available, entree to instruction services and protection to go on instruction, what is primary school registration, figure of instructors and pupil per school. Another of import index of societal exposure is to analyze the diverseness of economic activity of a family. It will include ratio of people gaining from support and people gaining from fabricating. Another of import index is homelessness which can be measured by looking at the per centum of people homeless. The writer states that in order to step and to cut down societal exposure thes e are the most of import index that should be taken into history. He concludes that indexs of societal exposure are found in the establishments, support, substructures and other societal factors. Matin, Hulme and Ruthford ( 2004 ) conducted a research on finance for hapless: from microfinance to micro fiscal services. The purpose of this research was to happen ways how fiscal merchandises can be designed and delivered to the hapless in a better manner. This paper states that supplying hapless people with microfinance will assist them cover with poorness which will take to obliteration of poorness. Microfinance is average for cut downing exposure by giving hapless entree to wellness and instruction services and is a mean for increasing income. This article states that there are two microfinance supplier informal, semi formal and formal. Informal suppliers are unregistered such as money loaners and semi formal suppliers are microfinance establishments that are normally NGO ‘s and formal suppliers are those which are capable to banking jurisprudence of the state. The article concludes that the hapless need fiscal services for care and betterment of their support. All infor mal, semi formal and formal suppliers can assist hapless in accomplishing these. Radermacher et.al ( 2010 ) conducted a research on micro insurance, as a tool to cut down exposure due to costs of ill-health. The cardinal ground behind this research was that hapless households frequently due to illness lose all their assets due wellness disbursals which they cover from their earning or from borrowing. Even if such hapless family have entree to microfinance but microfinance wo n't cover indirect disbursals like transit costs and income loss that occurs due to illness. Therefore there is demand for micro insurance which non merely cover these wellness disbursals but besides the indirect disbursals. For transporting out research family study was conducted in low income territories on Nepal. Harmonizing to the study it was found that monthly rate of illness was more than 10 % in the territories and female, babies and older people are more vulnerable to illness as compared to work forces. Survey was besides done to happen the heath disbursals of hapless family and it w as found it is increasing over the old ages and that these hapless family at the same clip have limited entree to wellness services. The study besides showed the beginning used by these family to cover wellness cost and it was found that these family either sold their assets to cover costs or resort to adoption. Besides when adoption was done it was done from multiple beginnings to cover full disbursals. This article states that micro insurance is the finest tool for cut downing the exposure. Insurance besides non besides covers the medical cost but besides the index costs. The article states that the focal point of micro insurance is that it should be low-cost, bettering the qualities of life of the hapless and cut down their poorness. Another of import factor of micro insurance is trust. The hapless family have limited budget and they will ne'er purchase the insurance policy unless they wo n't hold trust on the micro insurance supplier and it is undertaking of the insurance suppli er to convert them that they will profit from buying the insurance policy. Therefore micro insurance is the best possible manner to cut down the exposure of low income family. Hamid, Robert and Mosley ( 2010 ) evaluated the wellness effects of micro wellness insurance arrangement. The cardinal ground behind this research was to analyze and analyze the impacts of micro wellness insurance arrangement on the consciousness of wellness, use of wellness attention and position of wellness of clients of Grameen bank in Bangladesh. For the research primary information was collected through family study in countries where there are subdivisions of Grameen bank. Since more than 90 % of clients of Grameen bank are female therefore merely female were selected for the survey. The study included both interview and questionnaires. After roll uping the information a arrested development equation was derived from empirical theoretical account to analyze the impact of impact. The dependent variables taken were awareness of wellness and position of wellness. The determination were statistically of import for consciousness for wellness and use of heath attention but non for we llness position and those happening are important for enlargement and imitation of micro wellness insurance. Develtere and Huybrechts ( 2002 ) worked on looking at groundss on societal and economic impacts of Grameen bank and BRAC on the hapless in Bangladesh. The cardinal ground behind this research was to happen the societal and economic impact of these Bankss on the hapless. There are different ways to mensurating the impact of microfinance on ingestion and income. The method used that the borrowers recall their before and after state of affairs and utilizing this method it was found that per capita income and sum of recognition obtained from Grameen bank was positively related. The survey showed that Grameen bank improved the economic conditions of 91 % its clients. Research shows that income and ingestion should be taken as dependent variable for mensurating the impact of microfinance on the hapless. Apart from betterment in income and ingestion of the client it was seen that employment was besides generated. Besides the research indicates that the labour market engagement of adult fem ales increased as comparison to adult females populating in nearby small towns. Researches states that micro recognition aid in cut downing poorness. BRAC every bit good as Grameen bank have seen that their tools for salvaging have help in cut downing exposure. Apart from betterment in their economic status their societal status was besides improved the societal state of affairss of adult females as good of their household. Through microfinance these adult females achieved empowerment and now they non seen as a load but a beginning of income which has increased her position as her power of determination devising. Women of hapless family face a job of domestic force. In this research a arrested development analysis was done and it was found that adult females who are clients of BRAC and Grameen bank are better treated by their hubbies. These Bankss increased the mobility of adult females, expanded their cognition and increased consciousness of the universe. Asad Kamran Ghalib ( 2007 ) worked on societal impacts appraisal of microfinance. The purposes of this work was to look at the wider and societal impacts of microfinance and what tools and methods should be used to mensurate these societal impacts. For societal impacts assessment a generic theoretical accounts was used. The theoretical account consisted of a control group and a plan group. The control group was non exposed to microfinance intercession while plan group. The control group was non exposed to microfinance intercession while plan group was the one which was exposed to microfinance intercession. For mensurating of societal impact of microfinance on plan group a societal impact measurement index was used, which took account four variables. The variables were wellness, literacy, support and community. Each variable has its ain indexs. For informations aggregation secondary beginnings were used which include nose count study and informations published by regulative bureaus. T he findings were that microfinance lead to adult females authorization and improved their living criterion and that of their household. There nutrition, hygiene and life conditions improved. Access to education increased their consciousness.Chapter 3MethodologyResearch TypeThe type of research is qualitative in nature. The nucleus purpose of the qualitative research is to happen out the relationship between the dependant variable and the independent variable. The relationship between the variables is traveling to be built utilizing statistical tools such as cross tabular matter. Study scene of the research will be impersonal. Then the purpose of this survey is to happen the extent to which microfinance reduces societal exposure.Data type and Research PeriodFor my research, I am traveling carry out primary research, for which I am traveling to carry on questionnaire utilizing a 5-point likert graduated table. 1 depicts strongly disagree and 5 depicts strongly agree. The questionnaire contains 12 inquiries, 3 inquiries per variable.Population, Working population and SampleFor my research, I am traveling to take a on the job population of 70 people who are clients of microfinance institutes in Lahore. Out of the 70 questionnaires, 20 questionnaires will be disqualified on some bases. Hence the sample size for my research will be 50.Theoretical Framework and Variables under treatmentMy independent variable is microfinance and the dependent variables are: Social exposure Health Education Income Housing Standard of lifeOperational DefinitionsHealth:Poor wellness is one of the chief grounds that makes people vulnerable and does non let them to draw out of poorness. Death of the staff of life earner leaves the full family helpless and therefore falling of one member ill makes the full family unstable.Education:Education is one of the major constituents of microfinance services. Microfinance allows the client to pull off their growing income activities. In the absence of proper instruction the hapless are unable to travel out of poorness. Fiscal preparation and proviso of grownup literacy are of import parts of microfinance merchandises.Housing:Housing helps the hapless to make assets. Investing in lodging agencies in investing in concern since the hapless normally work from place. Proper lodging gives the hapless with entree to basic installations.Income:Income required for nutrient ingestion and other outgos is critical and should be plenty to maintain the house stable.Standard of li fe:Standard of life determines the quality of unrecorded the hapless are populatingResearch HypothesisHolmium: Microfinance leads to better wellness of its clients H1: Microfinance does non take to better wellness of its clients Holmium: Microfinance leads to increase in instruction and school registration of its client ‘s kids H1: Microfinance does n't take to increase in instruction and school registration of its client ‘s kids Holmium: Microfinance leads to increase in personal income of its clients H1: Microfinance does non take to increase in personal income of its clients Holmium: Microfinance improves the criterion of life of its clients H1: Mic Ho: Microfinance leads to betterment in lodging of its clients H1: Microfinance does n't take to betterment in lodging of its clients rofinance does n't better the criterion of life of its clientsTechniquesAfter finishing the questionnaires, I am traveling to make traverse tabular matter analysis for my research.Datas AnalysisFor this research, SPSS will be used and transverse tabular matters will be carried out, after which the significance of each variable will be determined and therefore each hypothesis will be proved.Data Interpretation:The consequences generated from SPSS would be combined and will so be further analyze utilizing the tabular arraies and the graphs and cross check analysis.Chapter 4RESULTS AND ANALYSISTable 1: Cross check of after microfinance your entree to wellness installations and overall wellness of your household members has improvedOverall wellness of your household members has improved Entire 3.00 4.00 5.00 3.00 After microfinance your entree to wellness installations improved 3.00 1 2 2 5 4.00 5 16 8 29 5.00 4 12 0 16 Entire 10 30 10 50 Holmium: Microfinance leads to better wellness of its clients H1: Microfinance does non take to better wellness of its clients This cross tabular matter shows that 29 out of 50 clients agree that after engagement in microfinance their entree to wellness installations has improved and 16 clients strongly agree that after engagement in microfinance their entree to wellness installations has improved. 30 out of 50 clients believe that overall wellness of their household members have improved. This tabular array shows that bulk of the clients agree that after engagement in microfinance their entree to wellness installations have improved and besides overall wellness of their household members have improved. Therefore it proves the hypothesis that microfinance leads to better wellness of its clients.Table 2: Cross check of after microfinance has the school registration rate of your kids increased and your monthly disbursal on instruction increasedHave your monthly disbursal of instruction increased? Entire 3.00 4.00 5.00 3.00 After engagement in microfinance has the school enrolment rate of your kids increased? 3.00 1 4 0 5 4.00 5 17 10 32 5.00 5 2 6 13 Entire 11 23 16 50 Holmium: Microfinance leads to increase in instruction and school registration of its client ‘s kids H1: Microfinance does n't take to increase in instruction and school registration of its client ‘s kids This cross tabular matter shows that 32 out of 50 clients agree that after engagement in microfinance the school enrolment rate of their kids has increased. 23 out of 50 clients agree that monthly disbursal of instruction has increased. This tabular array shows that bulk of the clients agree that after engagement in microfinance the school enrolment rate of their kids has increased and their monthly disbursal on instruction has increased. Therefore it proves the hypothesis that microfinance leads to increase in instruction an 500 school registration of its clients kids.Table 3: Cross check of after microfinance there is addition in your personal income and is your income plenty for your household membersCount Is your income plenty for your household member Entire 2.00 3.00 4.00 2.00 Has engagement in microfinance has led to increase in your personal income 3.00 3 0 3 6 4.00 7 6 13 26 5.00 2 6 10 18 Entire 15 12 23 50 Holmium: Microfinance leads to increase in personal income of its clients H1: Microfinance does non take to increase in personal income of its clients The tabular array of cross tabular matter shows that 26 out of 50 clients agree that after engagement in microfinance their personal income has increased. 23 out of 50 clients agree that their income is adequate for their household members. This tabular array shows that bulk of the clients agree that after engagement in microfinance their personal income has increased and their income is adequate for their household members. This tabular array shows that 15 out of 50 clients still believe that their income is non plenty for their household members. While 23 out of 50 believe that their income is adequate for their household members. Therefore the hypothesis holds true that microfinance leads to increase in personal income of its clients.Table 4: Cross check of microfinance leads to increase in ingestion of nutrient and your entree to clean imbibing H2O and hygiene environment has improvedCount Do you hold entree to clean imbibing H2O and hygiene environment? Entire 2.00 3.00 4.00 5.00 2.00 Do you believe that microfinance leads to increase in overall ingestion of nutrient 3.00 0 0 3 1 4 4.00 0 7 17 6 30 5.00 4 7 3 2 16 Entire 4 14 23 9 50 Holmium: Microfinance improves the criterion of life of its clients H1: Microfinance does n't better the criterion of life of its clients The cross tabular matter tabular array shows that 30 out of 50 clients agree that microfinance has increased their overall ingestion of nutrient. 23 out of 50 clients agree that they have entree to clean imbibing H2O and hygiene environment. As the tabular array shows that 17 out of 50 clients agree that after engagement in microfinance their overall ingestion of nutrient has increased and they have entree to clean imbibing H2O and hygiene environment. Merely 4 out of 50 clients ‘ does n't hold entree to clean imbibing H2O. Therefore the hypothesis that microfinance improves the criterion of life of its clients keep true.Table 5: Cross check of microfinance leads to increase in outgo on house fix and your house is strong plenty to defy any sort of catastropheCount Is your house strong plenty to with stand electrical storm or any other sort of natural catastrophe? Entire 2.00 3.00 4.00 5.00 2.00 Engagement in microfinance leads to increase in outgo on house fix 3.00 1 4 0 0 5 4.00 7 15 9 1 32 5.00 2 6 3 2 13 Entire 10 25 12 3 50 Holmium: Microfinance leads to betterment in lodging of its clients H1: Microfinance does n't take to betterment in lodging of its clients This tabular array of cross tabular matter shows that 32 out 50 clients agree that engagement in microfinance leads to increase in outgo on house fix. 25 out of 50 clients agree that their house is strong plenty to with stand electrical storm or any other sort of natural catastrophe. 10 out of 50 clients said that their house is non strong plenty to with stand electrical storm or any other sort of natural catastrophe. 15 out of 50 clients are impersonal about that microfinance lead to increase in outgo on house fix and their house is strong plenty to defy electrical storm and any other sort of natural catastrophe. Looking at the bulk of clients the hypothesis clasp that microfinance leads to betterment in lodging of its clients.BibliographyPPAF ( 2004 ) â€Å" PPAF Microcredit Financing: Appraisal of Outcomes † prepared by GALLUP Pakistan for Pakistan Poverty Alleviation Fund. Hussein, Maliha and Shazreh Hussain ( 2003 ) â€Å" The Impact of Microfinance on Poverty and Gender Equity: Approachs and Evidence from Pakisian † Roneo for The Pakistan Microfinance Network. W.B, 2003. World Social state of affairs study. The World Bank Group Amin, S. , Rai, A. S. , & A ; Topa, G. ( 2003 ) . Does microcredit make the hapless and vulnerable? Evidence from Northern Bangladesh. Journal of Development Economics, 70 ( 1 ) , 59- 82.

Price Elasticity to Identify a Brand’s Competitors Essay

Firms today are in their perspective industries to maximize consumer satisfaction, increase revenue, and shareholders profits. These tasks require attention to detail when pricing their products. There are always competitors lurking and waiting by the wayside to gain market share and a competitive advantage. When identifying brands competitors, price elasticity is a major determinant. Demand for a product or service constitutes what the company’s price will be and whether the price will be higher or lower than the competitor’s price. In terms of the elasticity, price increases may decrease demand and price decreases may increase demand. However, according to Kotler, The introduction or change of any price may initiate a response (favorable or unfavorable) from customers and competitors† (Kotler, P. and Keller, K., 2012) Ultimately, the concept of price elasticity can identify a brand’s competitors along with marketing research to identify consumer needs, wants, and desires, as well as current industry and competitor’s going- rate pricing. Reference Kotler, P. and Keller, K. (2012). Marketing Management 14E. Upper Saddle River: Pearson Education, Inc. How might marketers use conjoint analysis to improve pricing strategies? When determining pricing strategies marketers must perform research that allows the consumer to voice their opinions in reference to what they need and how important the product or service is to their well-being. One method of doing so is through conjoint analysis. â€Å"Kotler defines this method as a  means to ask customers to rank their preferences for alternative market offerings or concepts, then they use statistic analysis to estimate the implicit value placed on each attribute† (Kotler, P. and Keller, K., 2012). Marketers have their work cut out for them when a firm or pricing department requests their assistance to establish a competitive advantage for their product or service. In order for a firm to know and understand what value or benefits the customer expects when utilizing their products and services the use value propositions is of the essence. According to the strategy and performance coaching company Edborrows,† items that firms need to consider when applying customer value propositions are as follows: †¢ All Benefits – †¢ Favorable Points of Differentiation – †¢ Resonating Focus †¢ Resonating focus highlights one or two critical differences between the firm’s offerings †¢ Generic Value Propositions †¢ Operational Excellence †¢ Customer Intimacy †¢ Product/Service Innovation (Barrows, 2010) Price elasticity of demand is a way to determine marginal revenue. Optimal revenue and, more importantly, optimal profit will occur to the point when marginal revenue = marginal cost, or the price elasticity of demand The proportion of the total sales of a product secured by one particular company or brand