Benefits Of Genetic Engineering - 711 Words

Should genetic engineering be allowed? â€Å"With genetic engineering, we will be able to increase the complexity of DNA, and improve the human race.† - Stephen Hawking. Genetic engineering is the genetic modification of an organism’s phenotype, also known as an organism’s genetic makeup. Genetic engineering can have its advantages and disadvantages, but I believe there are more advantages than disadvantages. There are a number of benefits that we can only discover if scientists consider to study and advance this particular branch of study. Genetic engineering can be great in many ways, but it should not be overused and should be used in moderation. Gene therapy should be used only for the treatment of serious disease. It cannot and never†¦show more content†¦Genetic engineering can truly make a huge impact on the generations to come. Lastly, humans can have the ability to live longer. Although humans are already living longer with evolution, our lifespan has shot up by a number of years in a very short amount of time because of the advances of modern medical science. Genetic engineering could make our time on Earth even longer. There are specific, common illnesses and diseases that can take hold later in life and can end up killing us earlier than necessary. With genetic engineering, on the other hand, we could reverse some of the most basic reasons for the body’s natural decline on a cellular level, drastically improving both the span of our lives and the quality of life later on. It could also help humans adapt to the growing problems of, for instance, global warming in the world. If the places we live in become either a lot hotter or colder, we are going to need to adapt, but evolution takes many thousands of years, so genetic engineering can help us adapt quicker and better. This can also help us adapt to the temperature of different planets like Mars. Mars has a freezing cold climate that is fatal without proper equipment. If anything ever happens to Earth, which it will, we can use genetic engineering on humans so we can adapt to other planetsShow MoreRelatedBenefits Of Genetic Engineering1115 Words   |  5 Pageswill be talking about genetic engineering. What is genetic engineering? Genetic engineering is the process of directly manipulating an organism’s genes or DNA in order to change its characteristics. Over the years, genetic engineering and modification has been trialled on many different things, (CHANGE SLIDE) including food such as creating seedless grapes, CHANGE SLIDE and animals such as dolly the sheep, the first cloned animal in the world. However, genetic engineering, especially on humans hasRead MoreGenetic Engineering And Its Benefits1930 Words   |  8 Pagesprocess, genetic engineering provides more benefits that far outweigh the harms. Genetic engineering, and genetics in general, is a subject unfamiliar to the general public because not only has it not had much exposure to people outside of the scientific world, but it is also extremely complex and still has several applications yet to be found. In short, genetic engineering is the modification of an organism s characteristics or traits through manipulation, or replacement, of their genetic materialRead MoreThe Benefits Of Genetic Engineering1001 Words   |  5 Pagesdonors, chemolithoautotrophy. It is by this that the authors claim that the potential for this organism to be used for the large-scale industrial production of biofuels and other useful chemicals remains largely untapped. The employment of genetic engineering to augment the autotrophic hosts productivity pathways offers hope for improved and increased productivity. Other techniques entail the transfer of the processes to heterotrophic organisms. Autotrophic production is said to be more efficientRead MoreBenefits Of Genetic Engineering909 Words   |  4 PagesResearch suggests that genetic engineering will be a vital tool in the fight against mosquito-borne diseases because current drug therapies are becoming less effective and genetic engineering approaches to mosquito management have shown promising results. c. Preview of main points i. Malaria in particular has become more of a threat as the parasite causing the disease develops resistance to the most common drugs used to treat it. ii. Scientists have been successful at engineering several species of mosquitoesRead MoreThe Benefits of Genetic Engineering Essay1459 Words   |  6 Pagesreceiving a grim diagnosis. There are many aspects of genetic engineering and to thoroughly understand it looking into each is absolutely necessary. In order to understand genetic engineering, the key terms in this controversy that must be defined are the following: recombinant DNA technology, cloning, gene therapy, and the humane genome project. Genetic engineering is the alteration of genetic material by direct intervention in the genetic processes with the purpose of producing new substancesRead MoreThe Potential Benefits Of Genetic Engineering1721 Words   |  7 PagesGenetic engineering is a recent development that has gained tremendous commercial appeal. The potential benefits of genetic engineering have captivated the general public and clouded their moral values. The ultimate goal of genetic engineering is to create a utopian society where problems such as disease and world hunger no longer exist. Genetically engineering humans to be ideal beings may eventually lead to the creation of a â€Å"super race.† A super race is a race of strong, healthy, and highly intelligentRead MoreThe Benefits of Genetic Engineering Essay1108 Words   |  5 Pages The engineering of deoxyribonucleic acid (DNA) is entirely new, yet genetics, as a field of science, has fascinated mankind for over 2,000 years. Man has always tried to bend nature around his will through selective breeding and other forms of practical genetics. Today, scientists have a greater understanding of genetics and its role in living organisms. Unfortunately, some people are trying to stop further studies in genetics, but the research being conducted today will serve to better mankindRead More The Benefits of Genetic Engineering Essay2511 Words   |  11 PagesThesis statement: The benefits of genetic engineering far outweigh its potential for misuse. II. Genetic Engineering A. Definition of Genetic Engineering. (#6) B. Who invented Genetic Engineering Gregor Mendel (Christopher Lampton #7) Thomas Hunt Morgan (Christopher Lampton #7) III. Benefits of Genetic Engineering A. Genetic Screening (Laurence E. Karp #4) B. Gene Therapy (Renato Dulbecco #6) C. Cloning D. Genetic Surgery (Christopher Lampton #7) E. Benefits in Agriculture (DavidRead MoreThe Potential Benefits Of Genetic Engineering1914 Words   |  8 Pagesa controversial issue is new ways to produce human clones. Cloning and genetic engineering and has been used to clone unicellular organisms, plants, amphibians and simple mammals. This has led to advances in industry, medicine and agriculture. Newer techniques in genetic engineering have enabled scientists to clone more complex mammals and opened up the possibility of cloning humans. Although there are many potential benefits to this technology, the prospect of cloning humans has raised many practicalRead MoreThe Potential Benefits Of Genetic Engineering2181 Words   |  9 Pagesapplication of new techniques in genetic engineering to produce human clones. Up until now genetic engineering and cloning has been used to clone plants, unicellular organisms, amphibians and simple mammals. This has led to significant advances in agriculture, industry, and medicine. Newer techni ques in genetic engineering have enabled scientists to clone more complex mammals and opened up the possibility of cloning humans. Although there are many potential benefits to this technology, the prospect

Military Rule Of The Civil War - 1374 Words

Case 7 1. The Court ruled that neither Congress nor the president could grant the military the authority to try civilians, so long as civilian courts were still functioning. 2. General Hovey probably thought a military court would easily declare Milligan guilty, while a civil court had a good chance of declaring him innocent. 3. According to the Court’s ruling, military rule would take precedence over civilian authority when civilian courts were not operating. For example, during a war where the civil courts stopped functioning. 4. Four Justices thought it was Congress, rather than the courts, who should be responsible for deciding whether a military court could try civilians. 5. Habeas corpus is an important part of the Constitution because it prevents a prisoner being held for an indefinite amount of time long without having formal charges filed against them. This is important in restricting the ability of governments to deny personal freedoms. This case occurred a year after the Civil War ended. The country was weakened and trying to get back together, so this decision may have been made in order to get the country back on the right track by reinforcing the strength of the federal government. The Milligan case defended the writ of habeas corpus written in the Constitution. It ruled that a citizen could not be tried by a military court unless the civil courts were closed. The decision made prevents any citizen of the United States from not being given a fair trial,Show MoreRelatedCivil Liberties During World War II1665 Words   |  7 PagesWorld War II. --President George H.W. Bush, 1988 Many times in history the Supreme Court has been faced with deciding how to treat civil liberties during war time. This raises the question, what restrictions if any should the court allow during wartime. The court is faced with making the decision on civil liberties during wartime for security reasons, and to protect the rights of the individual. While some may say that the no exception stance may put our national security at risk during war timeRead More Tribunals Essays1344 Words   |  6 Pages President Bushs decision to consider establishing military tribunals to prosecute accused terrorists has set off a major debate on civil liberties in the United States. Supporters argue that such a measure is a constitutional necessity to address terrorism of an unprecedented scope. Opponents claim that the tribunals would undermine the rule of law and deprive defendants of the protection provided for in the American system of justice. My research and personnel experience on the subject h as foundRead MoreAmerican Civil-Military Relations: Argumentative Essay1595 Words   |  7 PagesModule C160- American Civil-Military Relations Submitted by MAJ David Nicoll The purpose of the argumentative essay is to assess written communication skills. The challenge is to persuade the reader of the validity of the thesis presented and convince the reader of the argument. It is also to argue why it will assist students in their duties as a Field Grade officer over the next 10-years of their career and the importance for professional military education (PME). TheRead MoreAnalyzing And Explain Chasteen s Perceptions On The Cold War905 Words   |  4 Pagesthe Cold War. Chasteen’s visions of the period were precise and outstanding. First Chasteen’s ideas reflect how during the Cold War Latin American governments started turning into a military rule with the United Sates as an ally and founder of their army. He explains how countries started revolutionary movements in order to fight for nationalism. Marxist ideologies and communist revolutionary guerrillas rose as well as anticommunist governments. Chasteen’s argues how during the Cold War period thereRead MoreForeign Policy Essay599 Words   |  3 PagesPolicemen of the World Thesis and Outline Janene Bull Professor Joel A. Goldstein Contemporary US History 2/22/2015 The evolution of U.S. Foreign policy following the Civil War is continually evolving. During the Civil War years, America had an economy that was based on agriculture. Farmers were growing cotton, tobacco and sugarcane. Slaves from Africa worked on these enormous plantations. . At the time, America was in an election year with Lincoln as the candidate of the Republican PartyRead MoreRoman Empire1506 Words   |  7 Pagesemperors, and large territorial holdings around the Mediterranean Sea in Europe, Africa, and Asia. The 500 year old republic which preceded it was severely destabilized in a series of civil wars and political conflict, during which Julius Caesar was appointed as perpetual dictator and then assassinated in 44 BC. Civil wars and executions continued, culminating in the victory of Octavian, Caesars adopted son, over Mark Antony and Cleopatra at the Battle of Actium in 31 BC and the annexation of EgyptRead MoreChange in the Reigning Royalty of Britain1048 Words    |  4 Pagesspawn three civil wars and result in the execution of an English king. Problems arose quickly in the new administration of James. For example, each of the newly united countries embraced a different religion which caused conflicts. In addition, Scotland and Ireland had turbulent histories with England which caused tensions throughout the entire reign of James I. James’ successor, his son, Charles I, inherited the unrest which had plagued his fathers reign. In 1642, an English Civil War broke outRead MoreThe Legacy of the Cold War1083 Words   |  5 Pages The legacy of the cold war and the struggle between the USSR and the United States continued to flourish in large portions in developing countries. The two world powers had different ideologies and were in a battle for supremacy. The Cold War pitted an American led alliance against the Soviet Union divided the economical and political world into two major blocs. The cold war involved a contest of ideologies that intensified after the two great powers, America and the Soviet Union started competingRead MoreImportance of Understanding Civil-Military Relations1610 Words   |  7 PagesThe Importance of Understanding Civil-Military Relations â€Å"Some folks are born made to wave the flag, Ooh, they’re red, white and blue†¦ And when the band plays hail to the chief, Ooh, they point the cannon at you, lord†¦ It aint me, it aint me, I aint no senators son, son†¦ It aint me, it aint me; I aint no fortunate one, no†¦ Some folks inherit star spangled eyes, Ooh, they send you down to war, lord†¦ And when you ask them, how much should we give? Ooh, they only answer more! More! More! Yoh†¦ Read MoreThe Roman And Roman Empire1068 Words   |  5 Pageswere able to turn the Italian city state into a large empire. A very well organized army insured their success. Soldiers were paid, giving them the ambition to fight. Conquered lands were also redistributed to the soldiers. The Romans used foreign military techniques, such as Greek techniques, to their advantage. The Roman army was successful and used their victories to their advantage. They treated their enemies with generosity but also firmness. Their most successful achievement, however, was their

Leadership in the New Millenium Free Essays

string(46) " people to perform or react in a certain way\." Chapter 1: Moral Leadership in America This Chapter talks about the absolute need for moral leadership in America. We live in a very unstable time. Our society is very fragile. We will write a custom essay sample on Leadership in the New Millenium or any similar topic only for you Order Now Perhaps no other time in our history is there a great need for great leadership, not just based on their ability but their moral compass. They have to lead with creditability and they have to be visionaries that can lead people into the right path to better their conditions. Without the right morality they won’t be able to get people to work together. Chapter 2: The loss of Character This chapter talks about leadership in relationship o having character or not having character. Be we just a plain individual, leader in our society or a part there of. We have to carry ourselves in an exemplary manner because people are always watching us, whether we realize it or not. The higher position you are in authority or stature the more scrutiny you are under. With technology and electronic media being so easily accessible it often times leads to people being looked at poorly for one reason or another. A lot of times it is done purposefully by the media for the sake of making money. The author makes a special point to note that this loss of character is prevalent in all walks of society such as religion, politics, and business being the most prominent of these. Chapter 3: A life of Morality This chapter speaks about leadership and morality and how as a people of society and the society at large all have the capability of being moral or immoral regardless of their status in life, their wealth, power, position, or education. In many cases, the chapter concludes, that often times the moral fabric of any group be it government or business often times reflects the morality or immorality of its leaders. Classic point that was given was the melt down of our financial system here in the United States. This was considered due in large part to the moral absence in the corporate banking system leadership. Much of this premise is to be considered in selecting team members and having people with common ideology when it comes to team work. Chapter 4: Yielding to Temptation This chapter talks about yielding from temptation. It talks about not so much the thought but acting upon temptations. When one yields to temptations they can fall so far from grace that it almost makes life unbearable. Temptation crosses all sectors of society; money, power, sex. Its interesting because the writer makes a point that its almost mans nature to want to control things, in his/her job, husband over wife or vice versa etc. man even tries to control nature in the universe at times. He goes on to point out that the hardest thing in nature for man to control seems to be he him self. Often times power such as in government or big business makes people feel almost invincible and unaccountable for their actions. But history has proven time and time again that not to be the case because often time they lose more that position but stature and reputation. Chapter 5: The Duty of Responsibility This chapter talks about moral responsibility. How it is virtually impossible to separate morality from responsibility because one is so closely related to the other. He suggests that the negative political and financial state our country is in today is due a lot to the fact that out leaders have ignored this very important point, were too naive or just plain arrogant. He says â€Å"The bedrock of moral responsibility is an ethical behavior of the leader and his or her adherence to the standards of right conduct. He speaks of businesses at large lacking moral responsibility and caring more about the bottom line instead of what is termed â€Å"the triple bottom line,† which entails the good of all including share holders, employees, customers, suppliers, the community, the environment and the owners of the company themselves. By taking into moral account and responsibility all of these factors will tend to make the business that much more competitive. Leaders have responsibility to lead not just in the corporate by laws but also in common decency and ethicalness. The leader and his or her subordinate have a psychological contract where by the subordinate has an unwritten understanding with the leader that he is going to led in a responsible manner. Leaders take responsibility for things that go wrong and hold themselves responsible for corrective change. All this leadership should be done with transparency and all times they should be trustworthy. This is why they are called leaders because they should be able to live up to the expectancy for which they are charged. Chapter 6: The Facade of Power This chapter talks about leadership and power. Some leaders use power as a tool for the betterment of the group at large while others use it for merely selfish reasons. Good power, which is kept in check, normally leads to success of an organization while the opposite can lead to organization demise. Power is mostly defined as an instrument to get others to do what the might not have done on their own without the influence of the leader. There are different types of leadership styles. Some use intimidation some use bribery, and while others use their attraction. It also speaks about hard power and soft power. Hard power is when people use coercion, intimidation, sanctions in its sort to get people to do what the want them to do. Often times these leaders use fear and fell that they are in complete control. All its subordinates feel they have little or no recourse. Soft power is considered the more rational approach. It is called sometimes â€Å"the second form of power. † People use more tactical and persuasiveness to get people to perform or react in a certain way. You read "Leadership in the New Millenium" in category "Papers" Much like a husband might to do a wife, where it is more subtle. These leaders tend to lead more by example than by command. One might say that hard power has little accountability compared to soft power which is based largely on credibility. Chapter 7: The Pitfalls of Arrogance This chapter talks about arrogance and its pitfalls. Arrogance can be summed up as one who might think too much of himself and too little of others. This sentiment when combined with power can be overbearing at best and often times can leads to a person’s demise. There is a distinct difference yet subtle between arrogance and self confidence; the latter being good. One can have confidence in himself, which is good, but not to the point of vanity. Often times leaders who are arrogant can not relate nor do they want to relate sometimes to the feelings or opinions of the subordinates. They have too little respect for the opinions of others. Sometimes arrogance leads to micro-managing which will weaken their leadership. He gives illustrations of how arrogance brought down certain people in society such as Sam Waksal, President Bill Clinton, former governor Elliot Spitzer, and New Jersey governor Jim Mcgereevy, just to name a few. All these men were considered arrogant in the way in which they went about their business; almost with a veil of invincibility. Their thoughts and actions lead to their downfall. Chapter 8: An Ounce of Humility Humility is called â€Å"a necessity for success. † Humility is the antithesis of arrogance. And by a virtue of its design will bring more good outcomes and success. So where arrogance leads to downfall, humility leads to growth. The act of humbleness dictates that one does not presume themselves more important than others nor is proud or boastful. He talks about humility in relationship to religion in history. it is the foundation of spiritual growth. Nearly all religions be Buddhism, Christianity, Hinduism, or Islam, preach that humbleness is extremely important in obtaining the richness of ones own sprit and connection with that eternal realm where one might find peace and salvation. Some cynics of humility were characterized as a sign of weakness or false modesty just so they could feel more â€Å"special and better than others,† the author thinks not. He mentions three distinct leaders who epitomize humility: Franklin Delano Roosevelt, Mahatma Gandhi, and Albert Einstein. Another point he makes, in the importance of humility and leadership, is our global military presence around the world dealing with so many vast cultures, almost demands the need for humility and diplomacy because we are dealing with so many different people and ways of life. Today’s business environment, more so than ever, reflects the need for people in leadership to show some humility. The key to leadership is good servitude. The benefits of humility go far beyond one individual or one entity. It affects society at large. Chapter 9: A life of Ethics This chapter addresses ethics. Ethics by some is becoming a thing of the past; in our work places and society at large. All organizations in order to have a meaningful existence have to work with some code of ethics. It determines what we should and should not be. It is hard to legislate ethics because it is not so easily measured in business as other areas of the company or organization such as profit. Often times, competitiveness makes leaders act contrary to hoe they should act. It talks about examples of ethics being absent in our workforce such companies as Enron, World Com, Imcone Systems, Tyco, and the like. This is caused as reactions of these companies brought to great despair and has created an environment in our business culture that recognizes the need for more ethics more so now than ever. He blames the poor economic state of our American economy to the non ethical practices of our leaders. They skirted the law in common business practices. Ethical behavior or the lack there of is mostly influenced by our surroundings, i. . : family, school, church, media or peer groups. Individuals in organizations often reflect the culture environment they are in be it upstanding and ethical. In its practices or the reverse of that, it all falls on the shoulders of the leaders of the organization because so often is they that set the tone for everyone else. It is the responsibility of the leader to make sure that his organization is conducting them self in a prop er manner. One primary way to keep the environment ethical, the leader must make it a point of topic within the group. He feels that ethics is not given much thought or time in the work place, home or school. In many cases, through either ignorance or arrogance leaders allow themselves to remain unethical with little or no fear of consequence. He goes on to say, a lot of times; the practicing or non-practicing of ethics sometimes comes down to simply a matter of choice. People have blatant disregard for doing the right thing. Although ethics and morality like anything else, filters down from the top, it is actually everyone’s responsibility in the group to use moral ethics in their approach to doing business. Chapter 10: The Seven Deadly Sins The seven deadly sins, otherwise known as â€Å"pewslag,† characterized by theologians and scholars the world over as being very influential in existence of mans and his relationship to good and evil. It is an overall thinking that pride, envy, anger, greed, lust, gluttony, and sloth effect all individuals one tine or another and cause us to act contrary to natures, mans, and God’s laws. Mahatma Gandhi recognized that there was an inner violence that mankind dealt with and external violence. The internal violence is things such as hate, anger, jealousy, greed. Gandhi viewed these seven deadly sins as internal violence. These internal violence were the catalyst behind mans external violence. External violence can be described as the physical violent assault on another such as with the use of a weapon of sort. In relationship to leadership, the leaders who showed more self-control and restrain in these areas variably, are the ones who survive and prosper. They recognize that the spiritual world and the physical world are intertwined and ultimately â€Å"we destroy ourselves because of the baggage of sins that we walk around with. The writer also, in the end of this chapter, suggests we rid ourselves of this load and â€Å"travel light. † Chapter 11: The Necessity of Teamwork The old saying â€Å"no man is an island† is very accurately describes this section. Solid teamwork is the groups’ aspiration to reach when their goal is to be great. Teamwork incorporates all the talents and skills of individuals toward one or more common objectives. Teamwork is also considered a form of energy that is created by the workings of the individuals, as one in sharing ideas and information which culminate into constructive jobs, duties, or functions. The seven deadly sins can creep its ugly head and cause bitterness or conflict within the group. Also, social-cultural and demographic factors can cause a breakdown of solid teamwork. The use of the word, belief of the word and the actions of the word â€Å"we,† particularly when it comes from leadership creates an atmosphere of harmony and togetherness when the goal is for the good of all. Ultimately it is the job of the leader to keep the team running as smooth as possible, not necessarily an easy task at all. Chapter 12: Putting the Team Together It is the leader’s responsibility to carefully pick the members of the team and there are so many different variables to look at to determine who might be good and who might not be. Is it youth vs. age, experience vs. non experience, former educated over experience, past triumphs or failures? Or do we spend more time considering the family background of people, their hobbies, interest, their compassion for one another, carrying for other people, honesty, and integrity, willingness to put themselves last and team first? Will this individual bring harmony to the group; will they bring a sense of well being and togetherness? A leader has to consider the individuals purpose for joining the group. Is it for self gratification or gain, and if so, will this person really more help the group or hinder the group irrespective of the many talents and resources he or she might have to offer? These are all the things and more that a good leader must contemplate before taking on any new team members. Many an organization has been brought down because leaders too hastily recruited team members as opposed to carefully taking their time to consider all the above. Chapter 13: The Decline of Altruism This chapter centers on the decline of altruism. Some people will argue that altruism is a dying breed, while others say it is still prevalent everywhere even in the animal kingdom. Altruism which is ones doing good for another in an unselfish or selflessly manner, is broken down into different categories, namely two parts: reciprocal altruism and universal altruism. The first being almost tit for tat; when one is doing something because it has been done unto them or they expect it to be done unto them in the future. The latter, being unconditional, much like in a sense of Christianity; when one is not looking for anything in return but instead merely doing it because they think it is the humane thing to do. As a consensus by many that neither society, nor any corporate team or entity can survive well without it, it being altruism. There are many different reasons why people are altruistic. Could be a sense of personal responsibility, they think it’s the right thing to do, could be during an emergency or social and cultural values. It could also be the desire to overcome guilt, or it could be because of their exposure to it through school, family, church, and community groups, what have you. Many of the problems today in our society, and the economy at large, might be considered due to the lack of altruism or minimum traits of altruism at best in our modern day leaders who failed to recognize their duty in giving to other selflessly while mitigating their own self righteousness or ego. Chapter 14: The Service of Gratitude The author starts right out by saying â€Å"the primary purpose of human existence is to serve the people of the world. This act of servitude is a very important ingredient in effective leadership. While he is leading he is actually taking on a task of servitude and selflessness. A leadership is considered the custodianship of others well being and overall success. Ultimately a leader must put his self interest secondary to the interest and good of others. Many people serve for the gratuity, what they can get out of it, their own personal agenda. The â€Å"what’s in it for me? † syndrome, but this are not and can not be construed as good leadership. This way of thinking only leads to disruption and potential downfall of any organization if that leader heads. They also suggest that a big part of the reason for the downfall and collapse of our countries economic decline is because lack of service, both physical and otherwise. Our goods and services are being outsourced to other countries and in other cases many of our leaders don’t see their roles as â€Å"being service providers to the people. † These leaders therefore allow corruption to thrive when it should not. The importance of service is to neutralize the have’s and have not’s. It’s the balance between mans nature to overcome and take care of themselves only and those who can not do for themselves. good leader looks at the strengths and weaknesses of the group, the society or the company and tries to balance the scales to make certain that everyone gets their fare shake or piece of the pie. Good service at its best is good service at its most. Chapter 15: Blueprint for Moral Leadership In the beginning of the chapter there is much discussion about the harms and ills that American leaders have brought on our county at large and how the misuse of trust afforded the m by American people lead to one of the greatest economic down turns since the Great Depression. Leaders failed to take responsibility to any and all part that they played in creating and environment of greed and corruption neither in our government nor in our work place. It is their sense at times that only the average persons are to be held accountable for their actions or lack of. Part of the problem in our leadership[ is how we select them . often times its based on their abilities, education, organizational skills, ability to delegate, but rarely are we using a more natural guideline to choose them by, such as their character, which encompasses not only their ability but their moral consciousness. Basically we have to look beyond the structural part of leadership and more at the intangibles such as the spiritualistic side of leadership, the wholesomeness of it and the accountability. It has to be humanistic attributes such as being responsible, modest, courageous, honesty, and the belief in fair play; spiritual qualities such as faith in self and higher power, caring about and consideration for others, self control, devotion and such. These traits along with organizational skills when applied with proper alance form the most greatest of leadership which would ultimately equate to the greatest of success. Theory: Conflict Theory Conflict Theory studies the causes of crime within a society. For the good of the society, standards of morality are imposed by the justice system. Throughout the book the author gives reason to our economic downfall. He put the blame on the leadership in place not making correct moral, ethical and responsible decisions. One example is from chapter 8 wh en he speaks about major companies such as Enron and World Com who have had a major impact on our economic plummet. It also be no worthy to mention he also suggests some fault on the people who put these leaders in place to begin with. Methodology: Bibliography The author did extensive research on each key points in the book. He incorporated some of Sociologies most respected members such as Jon Witt, Richley Crapo and Robin Williams Jr. Through his research he collectively combined the various thoughts into one seamless idea of how America has been affected by poor leadership. He also used his research to find key components of how to be an effective leader by virtue of morality, humility and ethics. Strengths: I. One strength was the simplicity in which it was written. It read very easily and some how kept the same theme throughout. Enjoyable reading. II. Very informative, educational, thought provoking and diverse in its use of different references and subject matter. Weaknesses: I. One weakness might be there seems to be an overly cynical outlook of American leadership at large. II. Another might be, some chapters left you wanting for more. In other words, it is so good while you are reading you want more information on that particular topic. Conclusion: In summation good leadership must always be in harmony with servitude and have little or no tolerance for arrogance. In chapter 8, a good example of arrogance vs. humbleness is a driver who is lost. The arrogant motorist would refuse to stop and get directions and end up miles away from his destination. While the more humble motorist will stop to seek direction and be quickly put on the proper road. A leader who posses most of these characteristics such as humility, altruism, soft power, gratitude, and the like will lead to a life of success in the organization. Particularly when he possesses a moral compass that mandates he use fairness and compassion in his/her approach to leadership. This person would resist any temptation to be greedy, selfish, egotistical, maniacal or harsh. One change for the future, there will be more accountability expected from our leadership. They will be more closely monitored, more checks and balances, much tighter regulations, more overview boards, less bureaucracy, more punitive penalties and laws will be imposed. How to cite Leadership in the New Millenium, Papers

Cash Flow And Liquidity Samples for Students †MyAssignmenthelp.com

Question: Discuss about the Cash Flow And Liquidity In Accounting. Answer: Cash flow and liquidity Cash flow from the operation of the company for the year ended 30th June 2016 was $ 437,691 thousands as compared to the $ 340,448 thousand as on 30th June 2015. However, the closing balance for cash reduced to $ 103,631 as on 30th June 2016 as compared to $ 153,220 as on 30th June 2015. Therefore, the companys liquidity position is reducing that indicated that the companys ability of paying the short-term liabilities is decreasing (Harveynorman.com.au 2017). On contrary, closing cash balance of Woolworths, companys competitor, is $ 956,000 as on 30th June 2016 whereas as on 30th June 2015 it was $ 133,340. Therefore, with respect to liquidity aspect, Woolworths is in better position (Woolworths.com.au 2017). AASB 107 Note 28b that is stated in the page 112 is no more required after the amendment issued during 2016 March with respect to AASB 107 with the added paragraph under 44A to 44E (Carey, Potter and Tanewski 2014) Impairment If there is any indication that due to any event of loss the expected future cash flows will be impacted and the amounted can be reliably estimated, the asset will be impaired. Impairment amount is determined by computing the market value and carrying value of asset (Amiraslani, Iatridis and Pope 2013). When the carrying amount exceeds the market value, the difference is charged as impairment. Impairment of asset for Harvey Norman as on 30th June 2016 is as follows Equity accounted investment - $ 72,35,000 Computer software - $ 18,83,000 Information regarding dividend payment Dividend related information is stated in Note 25 of the financial statement for the year ended on 30th June 2016 Other comprehensive income Other comprehensive incomes are the gains, revenues, losses and expenses that are excluded from the computation of net income and they are included in the comprehensive income statement even before the realization of those expenses, gains, revenues or losses (Babalola and Abiola 2013). As on 30th June 2016 the comprehensive income item for Harvey Norman were Foreign currency transactions Income tax effect on cash flows hedging movement Investment of cash flow hedging Net gain from investment held for sale Share option plan of executives The details of share option plan for executives are as follows Name of the executive No. of vested option Value No. of unvested option Value J. E. Slack-Smith 567,000 $ 159,894 817,000 $ 287,394 D. M. Ackery 567,000 $ 159,894 - - C. Mentis 567,000 $ 159,894 817,000 $ 287,394 Total 17,01,000 $ 479,682 16,34,000 $ 574,788 Reserves Reserves related information are stated in Note 24 and the amount of reserves as on 30th June 2016 was $ 155,814,000. Reserves of the company are mentioned below Acquisition reserve Cash flow hedging reserve Available for sale reserve Asset revaluation reserve Foreign currency transaction reserves Employee equity benefit reserve Remuneration of the auditor The audit fees proportion was 45% as compared to the other fees like legal fees. This is acceptable proportion as the services of audit is not availed throughout the year whereas they legal services are availed for throughout the year. Auditors remuneration includes the following Review of financial report Entitys tax services Other services of the company Financial statement preparation In accordance with Para 71 of AASB 101, any prescribed format like as per function or nature for presentation of financial statement is not mentioned. However, Harvey Norman classifies the expenses by function. Deferred tax liability The temporary differences are identified as the deferred tax liabilities by the company (Laux 2013). The company recognized the following as deferred tax liabilities Research and development $ 17,053,000 Revaluation of investment properties to the fair values - $ 116,814,000 Depreciation on the building reversal for investment properties - $ 70,085,000 Difference among theaccounting carrying amount and tax base of computer software cost - $ 479,000 Land and buildings revaluation to its fair values - $ 30,677,000 Non-allowable depreciation for building for the changes in legislative of New Zealand - $ 17,798,000 Other items - $ 23,61,000 Income tax Current income tax for the year ended on 30th June 2016 is $ 46,92,000 and the tax as per income statement is $ 142,423,000. The difference is there as the changes in equity show the tax along with deferred tax and the income statement shows the paid amount of tax. Standards on accounting AASB that are issued or amended during the year but Harvey Norman has not yet adopted those are mentioned below AASB 15 on revenue from the contracts with the customers AASB 9 on financial instruments AASB 16 on leases Reflection report Analysing the annual report of a company like Harvey Norman will definitely help me to analyse the performance the company from the financial aspect. Analysing the annual report of the company dated 30th June 2016, I found out that the annual report is an essential part to the company for its customers, creditors, shareholders and investors to state its sustainability, liquidity, solvency and profitability position. While going through the report, I found that the company complies with the framework and guidelines of IFRS and AASB. I further found that the auditors of the company are responsible for approving that the financial statements of the company are prepared as per the required standards and they issue their audit report accordingly. The most important fact regarding the annual report that I found is that the disclosure notes plays an important role and states the preparation basis of the financial statements,accounting treatment, concepts used for preparing the statement and revealing the detailed break-up for each item. Thus, I can state that annual reports of the company play crucial role in stating its financial position. References Amiraslani, H., Iatridis, G.E. and Pope, P.F., 2013.Accounting for asset impairment: a test for IFRS compliance across Europe. Centre for Financial Analysis and Reporting Research (CeFARR). Babalola, Y.A. and Abiola, F.R., 2013. Financial ratio analysis of firms: A tool for decision making.International journal of management sciences,1(4), pp.132-137. Carey, P., Potter, B. and Tanewski, G., 2014. AASB Research Report Harveynorman.com.au. 2017. Harvey Norman | Shop Online for Computers, Electrical, Furniture, Bedding, Bathrooms Flooring | Harvey Norman Australia. [online] Available at: https://www.harveynorman.com.au/ [Accessed 23 Oct. 2017]. Laux, R.C., 2013. The association between deferred tax assets and liabilities and future tax payments.TheAccounting Review,88(4), pp.1357-1383. Woolworths.com.au. 2017.Woolworths.com.au. [online] Available at: https://www.woolworths.com.au/ [Accessed 22 Oct. 2017].