Plastic Surgery Good or Evil - 4320 Words

American University of Beirut English 204 Ms. Dorota Fleszer Fatima Msheik Research paper Plastic Surgery: Good or Evil Date: May-13th-2009 Introduction God is beautiful and loves beauty. As humans, we are working on adopting this theory whereby plastic surgery is our leader. A large number of people undergo plastic surgery, adopt the latest medical techniques and make their body physically fit and beautiful. The practice of plastic surgeries is affecting our lives in many†¦show more content†¦This surgical passing makes individuals escape the oppression and subordination accompanying one identity and access the previliges and have better working statuses (as cited in Davis, pp. 90). Moreover, cosmetic surgeries should be available to all people. Just as people of color should have access to higher education and well paid jobs, they should be also to access performance cosmetic surgery. So cosmetic surgery for disadvantaged group is concerned with injustice and therefore it is a matter of politics not just aesthetics. Moreover, ethnic cosmetic surgery is just like any development or progress happening within the humanity. Ethnic cosmetic surgery should be easily accepted as a matter of adopting the new technologies to encompass a growing group of potential patients (Davis, pp. 92). Now here is the case of Michael Jackson one of the most striking evident fame examples of racializing cosmetic surgery. Michael Jackson now does not resemble the dark skinned African baby of 70’s. Michael Jackson says:† I can afford it, I want it so I’m going to have it to look better†. Also he expressed that in one of his songs â€Å"Black or White†: â€Å"I am tired of this stuff†¦I am not going to spend my life being a color† (1983). Critics considered his disfigured African features as a violation of nature and unusual act which negates the essentialShow MoreRelatedPlastic Surgery And Cosmetic Surgery1480 Words   |  6 PagesI think we are all tired of hearing this, but media is the source of all good AND evil. Another thing that media has targeted in the minds of people i s the thirst for a perfect face or body. People , especially women feel targeted and insecure about their faces and bodies and thrive to make it â€Å"perfect†. The illusion of perfection has made women lose all sense. And really why wont they? We are living in an era where women’s bodies are objectified and they are judged not on their personalities butRead MoreWhat is Pure Beauty?1540 Words   |  7 Pagesperceive in magazines, many women turn to some sort of reconstructive cosmetic surgery. However, many do not realize the repercussions of this decision. According to the researchers at Ashbaugh 3 SmartPlasticSurgery.com, breast enhancements can cost anywhere from $5,000-$10,000, facelifts anywhere from $7,000-$13,000, and rhinoplasty from $3,000-$12,000 (â€Å"Average†). According to the American Society of Plastic Surgeons, a frequently asked question is will the insurance company pick up theRead MorePersuasive Essay On Beauty1658 Words   |  7 Pagesit? Plastic surgery has been gaining popularity and cultural support for decades now, even though there is substantial evidence to suggest that such procedures are dangerous and can lead to early death. For some, this risk is justified due to their unquenchable desire to become more beautiful. Pressure is too immense on the average American woman to remain beautiful as they age, and as a result, they feel compelled to turn to unorthodox solutions. Regardless of the outcomes of the surgeries, evenRead More Fight Club Essay768 Words   |  4 Pageskeeping her mothers liposuction fat for her own plastic surgery. They steal the fat and store it in the Paper Street Soap Companys fridge. In the movie, Fincher had Tyler and the Narrator steal it from a plastic surgery dumpster. In the novels version it could be interpreted as another thing the narrator has done to hurt Marla. Fincher’s version gives the audience some humor to see the two characters struggle to smuggle fat. The film still does a good job in emphasizing the damage the narrator doesRead MoreWe Can Lose Our Identity When Our Environment Changes Essay1443 Words   |  6 Pagesthrough plastic surgery expresses the thought that our identity is being compromised due to an uprising adolescent trend where teenagers are looking up to Korean artists who have gone under the knife . Having plastic surgery can be considered as modifying a persons identity as their appearances does differentiate a persons identity. However as stated in the article, Its not uncommon for middle schoolers to get double eyelid surgery before going to high school, its also common to get surgery as aRead MoreUnderstanding Technology in Neuromancer886 Words   |  4 Pagescyberspace. Within these environments, many technological advances are present in the novel’s world that do not exist today in the real world. For example, many inh abitants of the Sprawl can partake in expensive plastic surgeries, or modifications, of their body. These plastic surgeries are unlike the one’s today; here, citizens can choose to modify their body with metals and gadgets which greatly enhance and improve their functions. Molly, one of the entourage in Case’s crew, has modified eyes thatRead MorePlastic Surgery Is Not Always Evil2321 Words   |  10 PagesIs Plastic Surgery a helpful tool to modify your body in order to feel confident or just another deadly weapon? Throughout the years, the word ‘Perfect’ has caused a war between people and their physical image causing them to make an outrageous decision of changing how they look and feel, not only on the outside but also on the inside. They undergo many operations just to please others. Just like a Ying-Yang symbol; there’s always bad in good, vice versus. Plastic surgery is not always evil. ForRead MoreFeminism in the Western World1342 Words à ‚  |  5 Pagesbreasts are considered most desirable. Interestingly, a study completed by plastic surgeon Lukas Prantl and psychologist Martin Grundl found that 40% of men preferred women with large breasts, compared with just 25% of women. Regardless of the majority of women then preferring a medium to smaller breast size, breast augmentation has increased 13% (Gaurdian) in the previous year to 11,123 and remains the most popular plastic surgery carried out. Despite the scare in 2012 of the French-made PIP breast implantsRead More Plastic Surgery Essay2497 Words   |  10 Pagescarry one back to the harsh reality. Talent is good, but its great if it comes along with beauty. In a society where appearance is everything, time can be ones worst enemy. Who will save us from the evil signs of ageing? A plastic surgeon! Because of the rising economy, cosmetic surgery is now more affordable, which creates great demand for such services. In return, creates a great wave of several diffe rent health care providers to become plastic surgeons. Because many are demanding servicesRead MoreThe Female Who Is Twenty One Years Of Age929 Words   |  4 Pagespoint, she was sent back to the waiting room to be notified by her nurse practitioner. She stated, â€Å"About three years ago I was diagnosed with stage three breast cancer. It was a very scary time in my life not knowing if I was going to die from this evil disease.† She was fortunate to have such a wonderful team of medical professionals and staff whom are knowledgeable, kind and make you feel as if you are family. This provides comfort, which aided her through such a difficult time. The medical professionals

The Outcomes Of The Past Elections - 952 Words

The outcomes of the past elections in Indonesia clearly show how promiscuous power sharing has led to the current challenges to Indonesia’s democratization. The election outcomes of 2004, 2009, and 2014 have proved that party cartelization among the political parties has continued to predominate in Indonesian politics. The 2004 elections marked the beginning of direct presidential and parliamentary elections. Yudhoyono was able to win the 2004 presidency due to PDI-P’s plummeting vote share and voter dealignment as all five major parties vote share have dramatically shrunk compared to the 1999 election (Slater 85). The dramatic decrease of vote share and serious voter dealignment issue were due to party cartelization of major parties followed by severe political corruption among the political elites in the PDI-P-Golkar coalition. This helped Yudhoyono and his party, PD, to gain popularity from the voters and win seats in the DPR. The PD under the leadership of Yudhoyono was able to defeat PDI-P’s Megawati in a landslide victory (â€Å"Unbuilding Blocs† 311). After Yudhoyono won his presidency, promiscuous power sharing continued as he launched his United Indonesia Cabinet (Honna 479), which included almost all major parties including PKS that promoted anti-corruption ideals by criticizing Megawati’s all encompassing coalition during her presidency (â€Å"Unbuilding Blocs† 311). This coalition disappointed PD leadership as Yudhoyono gave only one ministerial position to the party whenShow MoreRelatedStephen Harper : The First Prime Minister Of Canada1409 Words   |  6 Pages In October 2015, Harper called an early election because he believed it would give the Conservatives the added advantage they needed to win. Harper’s incentive for calling an early election was mainly to procure more funds for his election campaign, which, considering his past wins, made him believe that the same degree of support will be co ntinued into this election as well. This essay will argue how the institutional constraints such as the first-past-the-post electoral system adopted by CanadaRead MoreDiscuss Harpers Failed Strategic Manipulation Of Canadas Political And Electoral Institutions1524 Words   |  7 Pagesof governance, the outcome of an election is vested in the franchise, however heavily influenced by political structure and voting institutions. This essay will evaluate Harper’s failed strategic manipulation of Canada’s political and electoral institutions. First, the effects of the concentration of power vested in the executive under the parliamentary system will be assessed. Next Canada’s first-past-the-post voting institution will be analyzed using the 2011 and 2015 election in that in the formerRead MorePredicting The Future Of The Election Before The Voting Deadline Of November 8th1214 Words   |  5 Pageslife: past, present, and the future. We live our daily lives on thos e three fundamentals. For example, if it was cold yesterday and it is still cold now, it will probably still be cold tomorrow. This is the same way for Presidential elections. If a candidate were to maintain their strong lead from the beginning of the election, unless something were to happen, it is expected that they will continue that lead in the future as well. So if meteorologists are able to reliably predict the outcome of theRead MoreTo What Extent Do Different Electoral Systems Produce Different Outcomes?1065 Words   |  5 PagesTo what extent do different electoral systems produce different outcomes? In this essay I will assess the outcomes of Additional Member system, First Past the Post system and the Closed Party List system. The F-P-T-P system is used to elect the members of House of Commons and local government in England and Wales. Voters select candidates, and do so by marking his or her name with an ‘X’ on the ballot paper. This reflects the principle of ‘one person, one vote’. The Additional Members system isRead MoreThe Role Of Political Politics On Political Elections1048 Words   |  5 PagesAdam Szymanski Professor Rushboldt Elections in America 12/9/16 The Role of Money in Elections The role of money in political elections has become a topic of curiosity both to political observers and political scientists. There have been a number of studies done in order to find out if money truly does affect the outcome of an election. Some studies have found that there money does not impact the vote while on the other hand there are studies that have come to the conclusion that money doesRead MorePresidential Elections And Election Elections1509 Words   |  7 PagesPolitical elections, especially presidential elections have many variables that influence the voters when they go to the polls. Many researchers use various methods to figure out all the possible outcomes of the election and what the voters are looking for in a particular year. This year has been unique because of the different personalities that the candidates own. This new diversity has caused researchers to revise their tactics from earlier years. Also, negative political ads for this election yearRead MoreH ow Electoral Systems Shape Election Results1327 Words   |  6 PagesSystems Shape Election Results: The Case of the 2015 Federal Election in Canada The 2015 Canadian Federal Election, which saw Justin Trudeau become the new Prime Minister, brought in the highest ever number of voters in Canadian history. Despite the high confidence of the Conservative party to win this election, many factors contributed to their defeat. Chief among these factors, which is the focus of this paper, pertains to the type of electoral system employed in Canada: the â€Å"first-past-the-post†Read MoreThe Electoral System Of Canada1312 Words   |  6 PagesCanadian Federal Election, which saw Justin Trudeau become the new Prime Minister, brought in the highest ever number of voters in Canadian history. Despite the high confidence of the Conservative party to win this election, many factors contributed to their defeat. Chief among these factors, which is the focus of this paper, pertains to the type of electoral system employed in Canada: the â€Å"first-past-the-post† (FPTP) or â€Å"single-member plurality.† This paper presents a n analysis of the outcome of the 2015Read MoreA Sound Of Thunder Analysis1030 Words   |  5 Pageshunting in the past so that he can hunt the Tyrannosaurus Rex. The Safari team, who Eckels goes with into the past, takes special precaution to not disturb the past to make sure that it doesn’t affect the future. When Eckels sees the T.Rex in fright he steps of the path in which he steps on a butterfly. Once he went back to his present time he realized the consequences of the future in which the alphabet was changed and the presidential elections had a different outcome. Despite the outcomes being unpredictableRead MorePresidential Election : Obama And Mitt Romney995 Words   |  4 Pageshistory of the United States, the 2016 election cycle is the 57th presidential election, yet it could be the strangest of them all. In contrast, the 2012 election between Barack Obama and Mitt Romney was a relatively tame and mundane election. It was decided by two elements, just as the 2016 e lection will be decided by. Choice, both by the media and the candidates is one ingredient to determine the outcome of elections. Chance similarly affects election outcomes, though chance deals with environmental

My Experience With the Intouchables Essay Example For Students

My Experience With the Intouchables Essay It was the November 2, 2011, when the long-expected French movie called â€Å"Intouchables† was released. During this period, I had my autumn break from school, which was one the primary reasons of my significant concern about forthcoming events. Personally, I was extremely excited to watch this movie, on account of my favorite actor, performing the main role. Furthermore, this performance was based on the real life story of the Philippe Pozzo di Borgo and Abdel Sellou, who despite of the considerable amount of obstacles in their life did not give up and learnt to be content with what he has within this moment. Consequently, the influence of this movie on my life occurred to be significant. On the other hand, by considering my awareness about films of different genre and cultures, I knew upfront that Intouchables probably going to be one of the best movies I have ever seen. A great, positive comedy, The Intouchables, is the actual story of an infrequent relationship among the quadriplegic multi-millionaire from the richest neighborhood in Paris and his caretaker, living under other side of the economic spectrum – a strong bond that arises, through the unconditional trust, care, and shared life experiences, into a strong friendship that considerably transforms two miserable lives. Moreover, the topic about race and class courses during the whole movie, which is a permanent origin of confusion and inconvenience in France. Particularly, one of the most remarkable things about the film is that both men assist each other to cope with their personal issues. Accordingly, Driss needs to become more responsible with his life and look after the people about whom he cares the most, whereas Phillipe needs to learn to accept himself as he is and improve his romantic relationships by overcoming the fear of being renounced. Therefore, each man is deficient in a certain way; both of them overcome this deficiency, by being an emotional and spiritual home to each other. The only thing for what this film might be criticized is its sentimentality and naà ¯ve optimism. Surprisingly, the movie theatre in my hometown, where we were watching the Intouchables, was completely full with people of the different age, class and race, which indicates the substantial interest of the people. Moreover, the dramatic atmosphere of this movie conducted by Ludovico Einaudi’s masterpieces, â€Å"Fly† and â€Å"Una Mattina†. The compositions were gracefully used in the major touching parts of the film: gives the audience significant amount of impressions and emotions. The incredible story is focused on the two absolutely different characters, Driss and Philippe accompanied by unforgettable acting and dramatic filmography. Actually, an unconditional friendship and their cooperative travel though their journey makes both of their lives brighter and lighter. The film is mainly based on their boundless relationship and the knowledge they received from one another. As a result, this story is where both characters are winners and losers, rather than one is a hero and one is saved. It is heartwarming that such an inspiring story was retrieved from the real life and a real friendship. Driss and Philippe possibly untouchables for others, but through their enlightening journey and shared experiences, they are able to touch each other’s heart.

What to Sell Online 5 Steps to Pick the Perfect eCommerce Niche

Struggling with what to sell online? If youre planning to launch an eCommerce store, finding the perfect niche for your store is the first step in your journey.To discover a niche that works best for you, you can start by identifying some products you’re passionate about that have compelling brand potential. It also helps to determine a problem you can solve for your target market, and research the competition. This will all take some time, but help you achieve success far more quickly.In this article, we’ll talk about why deciding what to sell online is such an important choice, and how to settle on products that work best for you by finding a strong niche. Let’s get started! Deciding what you are going to sell may be the most important choice you make for your eCommerce store. The products you offer will impact every business decision you make, determine your brand identity, and shape your target market. In other words, making a smart decision here can mean the difference between success and failure.If this sounds like a lot of pressure, dont worry. Finding the right niche for your store can help a lot. A niche is a specialized market with a very specific focus (in contrast with a broader market such as clothing or electronics). Some niches can be very small, but, when it comes to eCommerce, its often easier to find success with a clearly-defined target audience.For example, lets say you sell clothing. This broad category can include all kinds of different products, from t-shirts and jackets to shoes and hats. Its difficult to promote your store to both a 13-year-old girl looking for a unicorn t-shirt and a 30-year-old man shopping for business attire. These audiences have very little in common, so you would need to put effort into attracting both separately.The solution to this problem is to find one niche to focus on. In this example, your niche could be mythological t-shirts or professional ties for men. These have two clear audiences, and either one can serve to narrow down your target audience and focus your marketing efforts. The trick lies in choosing the right niche for your particular store.How to find your eCommerce niche and decide what to sell online (in 5 steps)If youre struggling to decide what to sell online, you may need some more information to make your choice. The following five steps will help you get started with that process.1. Consider your interests or passionsA helpful way to begin brainstorming your niche is to think about your existing interests and passions. Consider the products you like to use now, your hobbies, and how you spend your free time. Its much harder to sell something you dont like or understand, so its useful to focus on products the resonate with you in some way.Some of the questions you can ask yourself at this stage include:What topics do you like to learn about?How do you spend your free time?What organizations do you belong to?What areas do you have specialized skills i n or knowledge about?For example, if you love the outdoors and like to go hiking and camping often, a store focused on outdoor wear or supplies might be a perfect fit. Youll be able to leverage your existing knowledge and passion to provide more value to the target audience for those kinds of products.2. Do some research into potential eCommerce nichesAs we mentioned earlier, having a clear niche can help you target your marketing  more effectively. At this point, you can use the ideas you generated in the previous section to settle on a niche.Lets say youre considering selling outdoor wear. Now you can start to think about who might be interested in this type of product, and what types of items fall into that category. For instance, outdoor wear might still be too broad a market. You could further specify your store by choosing to primarily sell backpacks or hiking boots. This will help you start to create your brand identity, and determine your target audience for marketing purp oses.If you still dont have a particular niche in mind, its also worth researching what markets are currently worthwhile investments. Googles Shopping Insights tool can be very valuable here. It lets you research specific niches and also compare how different niches are trending against one another.The tool gets pretty specific for example, it can tell you that the portable water filters niche is much more popular than the sleeping bag liners niche. More importantly, it can also tell you that the portable water filters niche seems to be growing, which you can see by the trend line:3. Determine a problem you can solve for your target marketSome of the most successful online businesses found their niche because they saw a problem that needed a solution. Once youve settled on a potential niche, youll need to think about what products will best meet their needs.If youve decided to sell hiking boots, for example, you may find that most of the options currently available are plain and fu nctional. Instead of following in that vein, you can stand out by offering boots that are far more stylish and attractive to your audience.You can find problems that may need solving by researching keywords using tools like:Moz Keyword Explorer  KWFinderGoogle AdsYoure looking to discover popular searches that are related to your audiences pain points (or problems you can solve):You can see that blisters might be a pain point for people interested in hiking shoes.You can also come up with product ideas by talking to your target market directly, or browsing forums and social media sites where they tend to hang out.4. Research your competition and find out how you can improve your nicheNo matter how specific your niche is, youre likely to have at least some competition. Of course, this isnt all bad, and can provide proof that your niche has the potential to be profitable. Still, youll need to ask yourself how you intend to stand out from the crowd.As you research your competition, y ou should keep an eye out for opportunities to do things a little differently. Maybe you can offer a higher-quality product or a new spin on an old design. Alternately, the only companies selling the same products may be dull and have very little branding. In general, people like buying from brands they can put a face to over large, corporate entities.Your goal here is to essentially find a niche within your niche. Once youve determined how you can do what your competitors are doing, but a little bit better, youll be well placed to start attracting customers your way.5. Generate product ideas based on your findingsNow that youve done your research and have plenty of information to work with, its time to come up with some product ideas. To do that, think about the pain points you identified during your research. For each idea you have, consider the following questions:Does the product fit comfortably in your niche?Would you use the product?How does it solve a problem?How is it differ ent from or better than the competition?To continue with our hiking boots example, the original idea stemmed out of a passion for the outdoors. After doing some research on outdoor products in general, we settled on hiking boots as a viable and specific niche. From there, we identified one of our target markets problems, which is a lack of stylish options. To meet that need, our store would focus on offering footwear that is both functional and more stylish than the competitions products.This is just one example, but it gives you an idea of the process thats involved. After determining your niche and settling on some products to start out with, all thats left is to  set up your online store  using something like WooCommerce, Shopify, or other eCommerce platforms!ConclusionStarting an online business can be an intimidating prospect. However, with the right products and the perfect niche, you’ll greatly increase your chances for success.To help you decide what to sell onlin e, you can follow these five steps:Consider your interests or passions.Do some research into eCommerce niches.Determine a problem you can solve for your target market.Research your competition and determine how you can improve your niche.Generate product ideas based on your findings. Unsure what to #sell online? Follow these 5 steps to pick an #eCommerce #niche 🛠Ã¯ ¸  Click To Tweet Do you have any questions about how to decide what to sell online and how to find your niche? Ask away in the comments section below!Free guide5 Essential Tips to Speed Up Your WordPress SiteReduce your loading time by even 50-80% just by following simple tips.

The Soul, God, Religion, & Evil Essays - Religion, Philosophy

The Soul, God, Religion, & Evil Essays - Religion, Philosophy The Soul, God, Religion, & Evil The Soul, God, Religion, & Evil Being raised in a Catholic family, I have always been told that my body contains a soul. I have often wondered where my soul is and how it functions. Being asked by my friends questions about the soul, I could not answer because I never really knew myself, so I looked to the writings of the church. According the Catechism of the Catholic Church, written by Pope John Paul II, the soul is not just part of the body, it is the body. In Sacred Scripture the term soul often refers to the life or the entire person. But soul also refers to the innermost aspect of man, that which is of greatest value in him, that by which he is most especially in God's image: soul signifies the spiritual principle in man. The unity of soul and body is so profound that one has to consider the soul to be the form of the body: i.e., it is because of its spiritual soul that the body made of matter becomes a living, human body; spirit and matter, in man, are not two natures united, but rather their union forms a s ingle nature. The Church teaches that every spiritual soul is created immediately by God - it is not produced by the parents - and also that it is immortal: it does not perish when it separates from the body at death, and it will be united with the body at the final Resurrection. That is the belief of my church. Other religion hold different views, are they right? If what I believe is right, then the soul is there, not for Catholics, but for everyone, so that we all have a spiritual awareness and can become closer to God. But what if I am wrong? What if we really do not have soul? How then am I to live my life? What if there really is no God, and religion is just a security blanket for people so that they seem to have some meaning in their lives? How can one justify the existence of God if there is so much evil in the world? What about reincarnation? If we have a soul, then it is supposed to be reunited with the body on the final Resurrection, but then how do certain people have spe cial talents where as others do not? These questions are ones that my personal experiences and beliefs will try to answer. I do not believe that the Catholic Christian religion is the only true religion in this world. If I were to believe this, then I would not be the ideal, loving, open minded person that I am called to be by my beliefs, and by God. I believe that each religion is right for each person involved, depending on where they are located. God calls each person in different ways because all people are not the same, and live in different surroundings. Each culture has certain beliefs based on their cultural pasts, and physical environments. For example, Europe and the Americas are considered to be part of the Western World. The Western World is modern, destructive, fast paced, and highly independent. That is the way our society has developed, and the religions that we believe correspond to these factors. African religions are different then the European religions, just as Asian and Middle Eastern religions are different then African religions, because they do not have the same pasts. The way tha t people had lived, their ancestors, helped to develop their religious ideas. Each culture had to have believed in some higher power, and someone (Buddha, Jesus, Confucius, etc.) helped to lead their people into a system that corresponded with their lives, and contributed to bringing some sort of meaning to the society, fulfilling some void that was present. So in a sense, the religions that were created, were created by a certain type of people to fill something missing in their lives, caused by the type of society they were residing in. It was not that the religions created the people, it was that the people created the religions. In line with that idea, religions have also been

Case study Essay Example | Topics and Well Written Essays - 1000 words - 23

Case study - Essay Example se study of VOS Enterprises-Revda, wherein VOS Enterprises is a network, the expanded name of which being All Russia Association of the Blind (VOS). Revda is a manufacturing company that employs blind people in huge numbers and utilizes the network of VOS in its marketing interventions. In the back drop of the marketing problems faced by this enterprise in the changed context of post-Peristroika Russia and also in view of the contribution that VOS played in winning back its market success, this study envisages finding out the role of VOS in the marketing success of Revda Enterprises. The prolonged period of centralized and autocratic rule in Russia came to an end when in April 1985 Gorbachev’s Perestroika opened up Russian society and let in the ethos of democracy. Perestroika resulted in the development of a democratic political system and the beginnings of a market economy which was to supplant the failing Marxist model. These changes also meant that the disabled were to get better and more employment opportunities, whether in open industry or under specialised supervision. The modern vision of getting the disabled, the chance to have full participation in life, slowly became established as part of the national policy. VOS became established an was structured around ‘enterprises’ that were training and manufacturing centres that employed visually impaired workers. The Revda enterprise, established in 1948, in the Central Urals was headed by Ivan Boormatov and it functioned in an area rich in natural resources with a history of industrial activity spanning back to the late 18th Century. In 1995 the enterprise had an employee strength of 1250 and among them, 430 were visually disabled. The company served an immediate regional market of 4.5 million people. The VOS enterprises faced a huge setback after the failure of the Commonwealth of Independent States (CIS) which had hitherto been supporting it in marketing and raw material supply. After suffering

Changing Values in the New Economy Essay Example | Topics and Well Written Essays - 2000 words

Changing Values in the New Economy - Essay Example Thus globalization of business and the revolution in information technology are the cornerstones of the new economy that has come into existence. The changing circumstances and thought processes in the business environment under the New Economy are undermining the old order and are forcing business to restructure. The emergence of the new economy has also brought changes in the outlook of the investors in that the there has been an increased expectation of return on the capital invested. Investors in the new economy prefer to work on a faster payback of their investments as against their counterparts in the old economy who were satisfied with a nominal and consistent return on their investments and safety of the investments as the deciding factor for any investment decisions. With this background this report analyses the radical changes brought about by the new economy in the outlook of the investors including the institutional investors. Stephen B. Shepard (1997) states that the New Economy has emerged because of the interaction of two broad trends namely the globalization of business and the revolution in information technology. In the New Economy "capitalism is spreading around the world--if not full-blown capitalism, at least the introduction of market forces, freer trade, and widespread deregulation." It boosts productivity, reduces cost, cuts inventories and facilitates electronic commerce. The digital technology is creating new companies and new industries before our eyes. Paper on New Economy from PPI (2000) defines the new economy as knowledge and idea based economy where the key to higher standards of living and job creation is the extent to which innovative ideas and technologies are embedded in services, products and manufacturing processes. The new economy is one where risk, uncertainty and constant changes are the rule rather than the exception. In the new economy there is a transformation process constantly going on which replaces the hierarchical organizations by network learning organizations. It may be interesting to note that almost eleven new companies are created every week in Silicon Valley and one of them went public every five days when the new economic development process started. The new economy has also seen a widespread change in the methods of conclusion of trade transactions, changes in the purchasing methods of consumers and novel methods of meeting the customer needs by innovative approaches in delivering the products ordered over the internet. E Commerce took its root and developed over a short period in the new economy, although initial hiccups were present. The classic example in this type of business is the success of Amazon.com. Thus new business activities using the new technology, media, telecommunication facilities, e commerce and Web portals became inseparable parts of the new economy. 3.0 Outcome of the New Economy: The new economy with the advent of globalization and the rapid development of information technology has resulted in an all round development of various economic sectors. These developments attributable to the modern digital technologies had been a reason for excitement and elation at the end of the last decade. The reported developments were mainly concerned with: the emergence of a knowledge based sector whose huge market and broader