Gasoline Prices Essay Example | Topics and Well Written Essays - 1500 words

Gasoline Prices - Essay Example Increased fuel prices forces American society to find alternative energy sources and motivates the government to invest more into research and development of the cars with less fuel consumption and improving efficiency of the refinery sector. Crude oil prices have the major impact on gasoline prices. Other factors include refinery capacity in the country, gasoline inventories maintained by refiners which is going downward, regulatory environment (national air quality standards), and the structure of the gasoline market. It is important to note that mergers lead to anticompetitive effects because more power is given to merged companies who are able to increase prices above competitive level. The first wave of mergers has started in 1990s in US when several competing with each other companies have merged. More than 2,500 mergers have occurred at that time - since 2000 only 8 mergers have occurred involving different market segments (exploration, production, and transportation) (Energy Markets: Factors Contributing to Higher Gasoline Prices, 1). Refining capacity in the United States is not expanding at the same rate as demand for the gasoline. The American average refinery capacity is 92 percent - as the result, there is no room to expand production (Energy Markets: Factors Contributing to Higher Gasoline Prices, 1). ... Experts attribute higher prices to the expending demand (particularly for the electricity production) while supply is not expanding at the same rate. The balance of demand and supply is especially affected if demand or supply changes unexpectedly. For example, the prices went up at the end of year 2005 when two hurricanes hit the Gulf Coast region (Natural Gas: Factors Affecting Prices and Potential Impacts on Consumers, 1). As it was noted above, the domestic refineries are already working at their full capacity and the fact that the gasoline is imported leads to the shortage of supply. According to market structure principles, the shortage of supply results in increased cost - people will buy gasoline despite of the price they pay. In 2004 the United States citizens have consumed approximately 20.5 million barrels per day of crude oil accounting for as much as 25 percent of global production. Half of this crude oil was used for the production of gasoline. Data from the Energy Information Administration indicate that the capacity of American refineries is approximately 16.5 million barrels per day. Even though the refineries are upgraded, the majority of them have been built over 25 years ago. By year 2020 the demand for gasoline is projected to increase by 20 percent and the country will not be able to satisfy the domestic demand. As Karen Matusic has noted, since May 2005 the demand for gasoline has increased by 3.3 percent while the price increased by 35 percent. From supply side, she continues, those refineries that has been destroyed by hurricanes are operating now and the capacity utilization rate rose to 91.7 percent (Matusic, 1). Despite of the increased capacity, the price for gasoline is not

Exploring University of Leicester (HERO GENIE) for Food@Uni Essay

Exploring University of Leicester (HERO GENIE) for Food@Uni - Essay Example The broader problem of this research is to find the effectiveness of the Food@Uni program in creating long term beneficial effects for the students to protect themselves from chronic diseases that are likely to develop in future. The research analysis along with findings and recommendations are explained in this paper. Several authors in this world have admitted that high consumption of unhealthy junk foods have serious effects on the health of the human beings. It is true that fast food items like wraps, sandwiches, burgers and French fries can be considered as junk food items. Consumption of junk food has serious effects on health. Obesity, heart disease, high calories, overweight, high blood pressure and diabetes are the consequences of high consumption of fast food items (Ronzio, 2003, p.247). It is true that these fast food items are highly popular among the children, kids and young adults. In addition to this, busy college students and office goers used to consume this fast food item due to quick processing time of these food items (Houston, 2005, p.109). People can save valuable consumption time and cost by buying fast food items. However, the growing negative consequences of consumption of fast food are creating major concerns for governments, households and several people (Murphy, 2013, p .39). It is true that several leading multinational fast food organizations are trying to offer quality fast food products in order to overcome the issues (Gallup, 2004, p.76). However, governments and several non-profit organizations are trying to create awareness among the people to consume healthy food items in order to stay healthy and feet. It is important for several colleges, universities and other educational organizations to develop several awareness programmes and events for people to reduce the possibility of human diseases. It is true that children, kids and young college students are

Study On The Seagate Technology Buyout Finance Essay

Study On The Seagate Technology Buyout Finance Essay Motivation and structure of the transaction. In early 1999, Seagate was planning on major restructuring proposal with the private equity firm, Silver Lake partners L.P. The plan implied a leveraged buyout of Seagates disk drive operations, followed by the tax free acquisition of Seagates remaining assets by VERITAS Software Corporation. The choice for this two step transaction was mainly a result of Seagates 40 percent ownership of VERITASs common stock. In the previous year the share price of VERITAS increased significantly and the market value of Seagates share in VERITAS had come to substantially exceed Seagates entire market capitalization. The value gap was a result of the perceived tax liability by the market if Seagate were to sell its VERITAS stake and Seagates core disk drive operations were not fully valued in the market due to increased interest in Internet firms and cheaper data storage providers. The two-step transaction was thus believed by Seagates management to genera te significant wealth gains for its shareholders. Before making their decision Seagates has to consider some alternatives to the previously described restructuring in order to address its low stock price. The company could sell the company as a whole, repurchase its own stock or sell off part of the VERITAS stake, or undertake a tax-free spin-off of either the disk drive business or its stake in VERITAS. We address each of these alternatives next. Seagate could choose to sell itself to other companies that may be interested. A merger or acquisition, in this case, could be either horizontal or vertical. Whereas a horizontal merger or acquisition could be beneficial for Seagate, because of the even higher market in the very competitive disk drive market, a vertical merger would be less successful as the company is already vertically integrated. However, it would be ideal for Seagate to be acquired by VERITAS as it holds 40 percent of its shares. But VERITAS was not interested in entering into the disk drive industry as management believed this was to far away from their core software business. A second alternative for the company is to sell its VERITAS stock or repurchase its own stock partially in the open market, however. However both actions proved to be ineffective. First Seagates ability to sell of VERITAS shares was limited by a prior agreement made with VERITAS. Even if they could sell off the entire VERITAS stake, it still seems an undesirable outcome since the transactions would be taxable on both the corporate as personal accounts. Second when the company performed a repurchase it had little impact on its stock price. A tax free spin-off would imply that Seagate spins off one of its business units, the core disk drive business or the VERITAS stake as an entirely new company. However the internal revenue code, as part of the US statuary tax law, requires that both the distributing corporation and the controlled corporation must be engaged immediately after the distribution in an actively conducted trade or business for a five-year period. Furthermore it also states that the corporate divisions lacking a business purpose can not be accomplished tax free (IRS, 2003). Clearly the VERITAS stake corporation will not satisfy these conditions and thus a tax free spin-off is unlikely. Besides the distribution must be the last resort for solving the business problem. In other words, it must be established that the business problem cannot be solved otherwise. This condition also does not hold since, as we will later see, the proposed two step transaction remains as a valid alternative. After reviewing these alternatives the proposed two step transaction seems to be baneful, mostly due to its low tax nature. As indicated in the case the stock-for-stock swap qualifies as a reorganization under the Internal Revenue Code, thus avoiding the tax implications as a swap. VERITAS will swap 109,330,300 shares for 128,059,966 shares previously owned by Seagate, and the tax advantage will be Huge as no personal or corporate taxes have to be paid on the transaction. Furthermore the decrease in total outstanding shares associated with the deal will cause earnings per share to rise, cetris paribus. In total this would be in the benefits of the VERITAS shareholders, enabling the two stage transaction to be pursued on their behalf. Seagates shareholders also benefit from the potential restructuring program. First they will receive 109,330,300 shares that have experienced a price increase of 200 percent after the half year that followed VERITAS acquisition of Seagates Network and Storage group. Compared to the 25 percent increase over the same period of its own shares this is a significant difference. Furthermore they will receive an additional amount generated from the sale of Seagates disk drive manufacturing assets (including $765m of cash) to the Suez Acquisition Company. The benefits to be received here, and thus also the potential benefits of Silver lake Partners L.P. are thus for the main part determined by this price, which was not determined yet. Seagates employees will also benefit from the two step transaction as their incentive to perform increases significantly when the new Suez Acquisition Company is no longer tight to VERITAS performance. Corporate governance is now considerable tighter than in th e old situation. A sincere loser of the reorganization is the government that could have gained more in taxes if one of the pre-described alternatives were chosen. Levering the buyout There are a number of benefits of leveraged buy outs. Business efficiency improvements, increased interest tax shields, change of management or improved management incentives and higher firm value are the most important possible effects. In the case Seagate an increase of the stock price was the most important target of the leveraged buyout. Before the leverage buyout Seagates stock price was more and more tied to VERITAS stock price. The performance of Seagates main business was a subordinated parameter. The trial to increase the stock price by means of selling VERITAS shares and buy own shares in the open market did not lead to the aimed target. Therefore a leveraged buyout was a possibility to lose the stock price from the performance of VERITAS. Besides of this main purpose to disconnect the stock price development from VERITAS also other positive effects of leveraged buyout could be realized, as the improvement of the market position of Seagate from a strategic and long-term point of view. As a consequence a higher probability to secure a positive stock price development after being on the stock market again can be attained. Another positive aspect of leveraged buyouts are taxes that can be saved through higher debts and interest that is tax-deductible. Although it should be considered that interest cannot be deducted unlimited because of interest barrier rules or earnings stripping rules. Therefore the interest only can be deducted to a certain extent, depending on the debt-to-equity ratio. There are specific regulations that differ from country to country. In case of cross-border leveraged buyouts the situation should be analyzed separately. Within the EU there is no different treatment in cross-border situations because of the freedom of establishment and the freedom of capital of the EC Treaty. A decisive argument of leveraged buyouts is the possibility that enterprises that were poorly managed before their acquisition can undergo valuable corporate reformation when they become private. An important change in the corporate structure is often the modification and replacement of the management staff or improved management incentives. In the Seagate case Silver Lake was convinced about the abilities of the management team. Silver Lake argued that the members of the management team had over ten years of experience in the disk drive industry and underlined that it was an important condition of the deal that the six top managers were taken over. In many articles it is argued differently as a restructuring without modification of management staff is much harder and there is a stronger opposition against many unpleasant but necessary changes. As incentives the management had to convert a portion of their Seagate equity into new equity and also got some deferred compensation. The re jection of unnecessary company sectors as well as the reduction of excessive expenditures also is an important factor for the success of the deal. In the leveraged buyout market stable and predictable cash flows and significant tangible assets which can be provided as security for bank loans are positive preconditions. These are features that make an enterprise for private equity firms interesting to invest. In the 1980s and early 1990s industrial companies were strongly favored and technology business was avoided. This has changed as the technology sector has become more and more important and in the last years this sector has become increasingly more interesting for Private Equity investments (von Nell-Breuning/2010). The disk drive industry as part of the technology sector is distanced by heavy price competition, short product life cycles which are often no longer than six months and high expenditures on RD. These are features that make buyouts very risky. It makes it difficult to predict cash flows, which plays a significant role for the success of a leveraged buyout. Nevertheless Silver Lake was convinced that in general the disk drive industry market development would be extremely positive and that the disk drives would be the key technological component in hardware products. It also should be taken into account that Seagate had a number of characteristics that were from a positive nature for a leveraged buyout like vertical integration for a better competitive position on the market. But also high RD while using up cash is a positive aspect to prevent market entry of smaller, less well-capitalized competitors. Another advantage of Seagate was the relatively high equity ratio compared with the technological industry. The equity ratio of Seagate was 26.6 per cent in June 1997, it was 29.6 per cent in June 1998 and in June 1999 the equity ratio constituted 23.9 per cent. The equity ratio of its competitors were lower, f.ex. the competitor Quantum HDD only had an equity ratio from about 13.5 per cent. The average equity ratio of mature industries is between 20 and 25 per cent depending on the country. Capital Structure In order to assess the capital structure of the deal and in essence the amount of debt the Luczo and the buyout team should take it is necessary to estimate the firm value. Two model are being considered for this task. The first one is the relative valuation model. The rationale for relative valuation stems from the notion that the intrinsic value of an asset is difficult to estimate. Its value can be measured by the price the market is willing to pay for its assets, based upon its characteristics. The second model being considered is the DCF model. When comparing relative valuation with DCF, one advantage over DCF is the reflection of market perceptions on the value of the company. Thus, in a perfect market, the perceptions of future prospects are already reflected in the stock price. It requires less information than DCF models and is therefore less prone to estimation errors. In addition, managers are often judged on a relative basis and relative valuation might therefore match th eir needs and horizons. Markets are assumed to make mistakes when pricing assets across time. DCF valuations detach themselves from market valuations and assess the fundamentals underlying the firm and its growth perspectives. Relative valuation leads to a reasonable estimate when there are many comparable assets that are priced in the market and a common variable can be applied to standardize the prices. Although the case offers some information on competitors we deem the data to be insufficient. Even more, relative valuation works best for investors that usually have relatively short investment horizons as it is rather difficult or impossible for the market to perceive long-term growth perspectives. In general a private equity investment(PE) spans on a 5 to 7 years time line meaning the PE investor has a medium to long-term investment horizon. More confidence in reasonable firm value estimation is thus assigned to the DCF valuation. The fundamentals of a company provide a prudent basis for estimations. Assumptions for the estimations are transparent while these are rather not in the case of relative valuation. A DCF valuation can be applied to long-time horizons and is thus more applicable for investors with long-term investment perspectives. In addition, a fundamental approach might work as a catalyst that moves the price in the market towards the real value of the assets. Silver Lake Partners L.P., as the bidder for the controlling stake of the company is interested in deriving the firm value, meaning the value of the equity stake in association with debt. Cash flows coming from operating activities would therefore need to be estimated. A first step concludes in the calculation of free cash flows to firm (FCFF). The FCFF is computed based on the following assumption: The company management provides three different projections for the buyout team: The Base Case, The Upside case and The Downside Case, each differing in EBITA and Revenues values. Capital expenditures and Depreciation are to remain the same in all three cases. The values used are provided in the operating performance projections table of Seagate. The working capital(WC) is mentioned in the case as being historically equal to 0 for the industry so the change in WC is to be ignored. According to this values the FCFF can be computed. After total cash flow is calculated, it is brought back to NPV using the companys weighted average cost of capital (WACC). The WACC, which is defined by the relative cost of the companys debt and equity is also viewed as the required rate of return for the company and its investors to compensate them for the inherent risks of ownership and realization risk for projected cash flows. The value for the risk free rate and the market risk premium have been set as given by Damodaran(2010) as 3.20% and 2.05% respectively. The beta of the company is supplied by the case as 1.2. Thus we come to the value of 6% for the WACC. Based on the values of the FCFF and WACC computed we can now asses the present value of the firm in the years to come. By summing up this values for the required time horizon we get to the firm values for the three cases Figure 1 Firm value analysis As it can be noticed the firm values for the cases register important differences. The Upside case stands out. Comparable to this the Downside Case has a much smaller difference. In order to better account for the possibility of worse than expected, but more importantly, for better than expected performance in the company we consider that the average of the three values should be used as the firm value and as the price the buyout team should pay meaning US$2.224 billion. We have determined a purchase price of $2.22 billion that Silver Lake Partners will pay to acquire the operations of Seagate. This will be a leveraged buyout that includes two different equity sources and two different debt sources. Our proposed capital structure will consist of 79% percent equity and 21% percent debt. This structure was chosen based on the BBB three-year median rates as referenced in the case (Exhibit 11). The EBIT Interest Coverage ratio set the median value over 1997 to 1999 of 3.9x. In order to get the highest value for the firm when deciding to sell it, the PE firm will try to maintain its rating or even to improve it so it makes sense to consider the BBB value as appropriate. Even more lower rating will also mean higher interest rates for its debt. Using this value and the EBIT values provided for the case we can compute the amount of interest that the firm can afford to pay every year. It can be noticed in Exhibit 1 that the lowest value for EBIT is predicted in year 2000 so it makes sense to consider this value as a benchmark as the following years the performance is expected to improve. Starting from amount of interest that the firm can afford to pay every year we calculated the value of debt that the firm has to take in order to be required to pay that amount of interest. This adds up to US$468.31 meaning 21% of the price recommended for the deal. By comparing this result with the values provided in Exhibit 11 from the case it can be noticed that the firm will remain under BBB rating. The remaining 79% is to be provided by the buyout team in form of equity. It should also be considered that Silver Lake Partners L.P. will receive US$765 million by acquiring Seagate, funds that can be used as equity for the deal. Figure 2 level of debt analysis In order to better assess the impact of the three scenarios on the capital structure of the deal we also used the values computed under The Base Case, The Upside Case and The Downside Case. Again it can be noticed that the better performance predictions stand out. This is based on the possibility that in the latter years of the investment the firm will perform over the expectations even though 2000 is perceived as the same in all cases.

Cars :: essays research papers

Looking for a fast and affordable small car? Two excellent choices are the Mitsubishi Eclipse GT and the Pontiac Grand Am GT. The Pontiac Grand Am GT and the Mitsubishi Eclipse GT are similar yet different in several ways.   Ã‚  Ã‚  Ã‚  Ã‚  The Pontiac Grand Am and the Mitsubishi Eclipse are similar in that they’re both affordable and fast small cars. First, both are under $25,000 brand new, with the Grand Am GT costing around $18,000 and a Mitsubishi Eclipse GT costing $20,000. The Grand Am GT goes 0-60 in 7.5 seconds, while the Eclipse sprints 0-60 in 7.9 seconds. The average 0-60 time for a small inexpensive car is around 11 seconds. Another similarity is they both have V6 engines. The Grand Am has a responsive 3.3L 175 hp V6 with 205 lb/ft of torque. The Eclipse has a 3.0L 200 hp V6 that kicks out 205 lb/ft of torque as well. They are both small, automatic transmission cars that seat up to 5 people. The Grand Am weights in at 3,100 lb and the Eclipse weights 3,200 lb.   Ã‚  Ã‚  Ã‚  Ã‚  Grand Am’s and Eclipses each have a different interior and exterior design however. For example, the style on the exterior of the cars is dramatically different. The Grand Am has an exuberant styling sure to attract attention. The Eclipse, on the other hand is a nice looking car, but it doesn’t look quite as fancy or as sporty as the Grand Am because it doesn’t have the RAM intake on the hood of the car, nor does it have dual exhaust like the Grand Am GT. Another difference is in the interior design. The Grand Am’s interior is cheap looking plastic and is plainly laid out. The Eclipse interior is more attractive and just doesn’t look cheap like the Grand Am.

Concealment in the Twelfth Night

British Literature: Concealment in Twelfth Night Throughout Twelfth Night, concealment influences each character’s life because it’s essential to portray how falsehood can be amusing or agonizing before they can discover their identity in life. Therefore, the concept of concealment not only affects the characters’ mistaken identities and abilities to express true love, but it gives the story comedic and entertaining qualities.Furthermore, concealment portrayed throughout this story makes each character develop an identity with either showing cleverness or madness, while it also makes each character realize the principles towards obtaining love and truth. For instance, Viola's disguise as Cesario and Feste’s costume as Sir Topas shows that they are both clever and amusing which causes characters to experience deception and confusion until their identities are revealed.With this in mind, concealment not only deludes characters from reality, but it exposes th e abundance of true love among Viola, Orsino, Olivia, Sebastian, Maria and Sir Toby, which leads to three marriages within the story. Nevertheless, concealment causes the people to experience deceptions and illusions, but also provides humor concerning the morality of human behavior. Moreover, the first example of concealment during the Twelfth Night is Viola's disguise as Cesario.Viola’s concealment is central to the plot because it is clearly evident that the fluctuation in attitude to the dual role and the situations and tribulations imposed upon the character Viola/Cesario, ends up creating a better understanding of both sexes and thus, allows Viola to have a better understanding of Orsino. For instance, at the end of the story when Orsino finally realizes who Cesario is, he professes his love to Viola by saying: â€Å"When that is known, and golden time convents, A solemn combination shall be made Of our dear souls.Meantime, sweet sister, We will not part from hence. Ce sario, come- For so you shall be, while you are a man; But when in other habits you are seen, Orsino’s mistress and his fancy’s queen† (5. 1. 352-358). Consequently, Viola learns that in the role of Cesario, she had to be quick on her feet and defend the probing questions and statements as to her love and others love for her. Also, she acquired the skill to bide her time, until the time was right, in case she reveal her true self or intentions.The disguise also prevents Viola from expressing her love for Orsino, it contributes to the dramatic ironies by causing complications of mistaken identity. Moreover, Viola cannot show her love for Orsino, the only way she can express them is in her soliloquies to the reader, this contributes to the dramatic ironies. For example, when Viola conveys to Orsino what Olivia told her concerning love by saying: â€Å"A blank, my lord. She never told her love, But let concealment, like a worm i' the bud, Feed on her damask cheek. She pined in thought, And with a green and yellow melancholyShe sat like patience on a monument, Smiling at grief. Was not this love indeed? We men may say more, swear more, but indeed Our shows are more than will, for still we prove Much in our vows, but little in our love† (2. 4. 108-115). There are many examples of concealment concerning Viola alone, which enables her to work for Orsino as a messenger: it causes Olivia to fall in love with her and it causes both of them to disguise their feelings from each other until Orsino becomes aware that Cesario is Viola. Concealment also causes mistaken identity.For example, Sir Andrew goes looking for Cesario, strikes him, finds out later it is, Sebastian. Sebastian hits him in return, but sevenfold, and Sebastian having been in Illyria only a few days is proposed to by a beautiful lady and is hit by a man he had never seen before, † Why, there’s for thee, and there, and there! Are all the people mad? â€Å"(4. 1. 16-1 7). This is a funny series of events started by the disguise of one single woman. It is evident therefore, that the disguises of Viola / Cesario as an example are very important and central to the plot.Also, it portrays how some characters are deceived about their true nature. An example of this is when Orsino sees himself becoming Olivia’s sweet perfections, fulfilling her sexual desire, thought and feeling. He naively believes that he is in love with Olivia when he has never really spoken with her. Another example is Olivia adopting the pretence of mourning and the puritanical Malvolio is tricked into the role of Olivia's suitor and becomes a smiling courtier. As a result, oncealment contributes to most of the comedy because there is the occasion when Feste dresses up as Sir Topas and Sir Toby brings the joke to an end out of self interest than any concern for Malvolio.Feste uses a black parson's gown, which is, ironically, the color normally associated with Malvolio, who i n contrast is dressed in bright colors. This reversal provides a visible symbol of just how thoroughly his pride has been humiliated. Feste says, â€Å"There is no darkness but ignorance† and Malvolio's ignorance has been ruthlessly exposed, although he was ignorant to think that Olivia loved him in the first place (4. . 33). It is the verbal and character comedy of Sir Topas, showing how humor comes from the rapid switching of roles and, if rather uneasily, from the deception of Malvolio. There are also more subtle examples of concealment in the Twelfth Night, the nature of characters as well as their identities are disguised. In the letter to Malvolio, Sir Toby Belch disguises his real motives behind his show of friendship for Sir Andrew. Illyria could also be a disguised England, not many people had traveled in Shakespeare's day and so perhaps he made up Illyria to be a fantasy England.This place could be where all stereotypes of English people get up to a variety of thing s, creating familiar stereotypes in a slightly different setting. Perhaps also, Shakespeare wishes to show his audience how ready humans are to disguise themselves: Orsino and Olivia are both disguising their feelings, Malvolio's vanity and illusions about himself and his mistress help in his humiliation. The irony is that Orsino and Olivia are led to face reality by the characters Viola and Sebastian, who are at the center of the confusion over identity.Disguised characters were a stock convention of comedy, but Shakespeare uses the device to give it wider significance. The play makes us consider what our beliefs are about ourselves and others based upon. Therefore, in conclusion, it can be seen how very important and significant the theme of concealment is. Many forms of concealment featured in the play portray how  emotions and intentions are disguised behind an outer appearance, pretence or an attitude in which the characters possess within each situation.Concealment connects the story, the characters and the different scenes in the play. However, if there wasn’t concealment in the Twelfth Night, there wouldn’t be any humor reflecting the conflicts or problems, which influences the characters’ lives with understanding the truth about love and what causes illusion/deception.Bibliography Shakespeare, William. Twelfth Night. The Longman Anthology of British Literature. Ed. David Damrosch et al. 4th ed. New York: Longman, 2009. Vol. 1B. pp. 1217-1272.

Reversals in “Ethan Frome” by Edith Wharton Essay

In Edith Wharton’s novel Ethan Frome, the lives of the characters are turned upside down but not in a sense that they are able to escape from the state are in. It’s more like the physical wellness of the characters and their social place within their microcosm is the one that is reversed rather than them, having totally opposite lives. Not much changes, except that Zeena’s health improves dramatically and Mattie becomes the one who needs medical attention. Ethan on the other hand is still with his wife, miserable and poor. Ethan Frome, as the title suggests is the story about Ethan, a farmer who has to attend to his sickly wife, Zeena. The couple is helped by Mattie, Zeena’s cousin. Ethan is intensely attracted to Mattie but he is duty bound to serve his wife. Zeena is suspicious for Mattie has been living with them for over a year and she has sensed the mutual attraction that Ethan and Mattie have. In defiance to the betrayal going on in her house, Zeena hires a different helper. Ethan of course, objects but in the end, he still obeys his wife. Before Mattie is able to leave town for good, she suggests that they commit suicide by sleighing directly on the path of an elm tree. Unfortunately for them, the â€Å"smash-up† doesn’t prove to be fatal because of Ethan’s hesitation before the impact. The failed suicide attempt causes Mattie to be paralyzed and Ethan almost suffering the same fate. Before the smash-up, Ethan was already in a position that is very similar to where he is at the end of the novel. If anything, he’s even in a poorer state than where he was before. As described by the condition of the house, â€Å"Even for that part of the country the kitchen was a poor-looking place† (Wharton, 1911, p. 63). It means that the reversal that happened to Ethan, isn’t exactly a reversal. He comes full circle, after having high hopes and dreams for a new life with Mattie, he ends up where he started, in that poor house with his wife. The reversal (and return trip) that would happen to Ethan is foreshadowed in Chapter IV; Ethan passes by a graveyard where his ancestors are buried. He sees on the epitaph his name, â€Å"Sacred to the memory of Ethan Frome and Endurance his wife, who dwelled together in peace for fifty years† (Wharton, 1911, p.27). Ethan wonders whether the same words would be place on his Epitaph. The real reversals that happen in the story are with Zeena and Matie. These two cousins would change roles by the end of the novel. Before the smash-up, Zeena was the sickly person that is being tended to by her husband and her cousin Mattie. But in the span of twenty years or so, Zeena would recover from her illness and she would end up to be the one who â€Å"takes care† of Mattie, or at least let her live in the house. Mattie would end up paralyzed after their mishap, or failed suicide attempt about twenty years ago. Now she is the one who needs to be taken care of. Before the smash-up Mattie was a perfectly healthy and beautiful woman, Ethan is not the only one who had eyes for her as evidenced by Eady’s invitations toward her during the opening chapters of the novel. But after the smash-up, she is reduced to be nothing more than a body on an armchair, unable to move with the freedom that she had in the past â€Å"Under her shapeless dress her body kept its limp immobility† (Wharton, 1911, p. 63). The smash-up had caused reversals in the novel, Ethan’s hopes of being with Mattie for the last time is crushed along with Mattie’s spine. Mattie who used to be a healthy and beautiful woman becomes a motionless body. Zeena on the other hand, before the smash-up was a sickly person, but twenty years after the incident, she is revealed to have recovered from her illness. Reference Wharton, E. (1911). Ethan Frome. New York: Scribner’s Publishing.

Battle of Marston Moor - English Civil War History

Battle of Marston Moor - English Civil War History Battle of Marston Moor - Summary: Meeting on Marston Moor during the English Civil War, an allied army of Parliamentarians and Scots Covenanters engaged Royalist troops under Prince Rupert. In the two-hour battle, the Allies initially had the advantage until Royalist troops broke the center of their lines. The situation was rescued by Oliver Cromwells cavalry which traversed the battlefield and finally routed the Royalists. As a result of the battle, King Charles I lost most of northern England to Parliamentary forces. Commanders Armies: Parliamentarian Scots Covenanters Alexander Leslie, Earl of LevenEdward Montagu, Earl of ManchesterLord Fairfax14,000 infantry, 7,500 cavalry, 30-40 guns Royalists Prince Rupert of the RhineWilliam Cavendish, Marquess of Newcastle11,000 infantry, 6,000 cavalry, 14 guns Battle of Marston Moor - Dates Weather: The Battle of Marston Moor was fought on July 2, 1644, seven miles west of York. Weather during the battle was scattered rain, with a thunderstorm when Cromwell attacked with his cavalry. Battle of Marston Moor - An Alliance Formed: In early 1644, after two years of fighting the Royalists, the Parliamentarians signed the Solemn League and Covenant which formed an alliance with the Scottish Covenanters. As a result, a Covenanter army, commanded by the Earl of Leven, began moving south into England. The Royalist commander in the north, the Marquess of Newcastle, moved to prevent them from crossing the Tyne River. Meanwhile, to the south a Parliamentarian army under the Earl of Manchester began advancing north to threaten the Royalist stronghold of York. Falling back to protect the city, Newcastle entered its fortifications in late April. Battle of Marston Moor - Siege of York Prince Ruperts Advance: Meeting at Wetherby, Leven and Manchester decided to lay siege to York. Surrounding the city, Leven was made commander-in-chief of the allied army. To the south, King Charles I dispatched his ablest general, Prince Rupert of the Rhine, to gather troops to relieve York. Marching north, Rupert captured Bolton and Liverpool, while increasing his force to 14,000. Hearing of Ruperts approach, the Allied leaders abandoned the siege and concentrated their forces on Marston Moor to prevent the prince from reaching the city. Crossing the River Ouse, Rupert moved around the Allies flank and arrived at York on July 1. Battle of Marston Moor - Moving to Battle: On the morning of July 2, the Allied commanders decided to move south to a new position where they could protect their supply line to Hull. As they were moving out, reports were received that Ruperts army was approaching the moor. Leven countermanded his earlier order and worked to reconcentrate his army. Rupert advanced quickly hoping to catch the Allies off guard, however Newcastles troops moved slowly and threatened not to fight if they were not given their back pay. As a result of Ruperts delays, Leven was able to reform his army before the Royalists arrival. Battle of Marston Moor - The Battle Begins: Due to the days maneuvering, it was evening by the time the armies were formed up for battle. This coupled with a series of rain showers convinced Rupert to delay attacking until the following day and he released his troops for their evening meal. Observing this movement and noting the Royalists lack of preparation, Leven ordered his troops to attack at 7:30, just as a thunderstorm began. On the Allied left, the Oliver Cromwells cavalry pounded across the field and smashed Ruperts right wing. In response, Rupert personally led a cavalry regiment to the rescue. This attack was defeated and Rupert was unhorsed. Battle of Marston Moor - Fighting on the Left and Center: With Rupert out of the battle, his commanders carried on against the Allies. Levens infantry advanced against the Royalist center and had some success, capturing three guns. On the right, an attack by Sir Thomas Fairfaxs cavalry was defeated by their Royalist counterparts under Lord George Goring. Counter-charging, Gorings horsemen pushed Fairfax back before wheeling into the flank of the Allied infantry. This flank attack, coupled with a counterattack by the Royalist infantry caused half of the Allied foot to break and retreat. Believing the battle lost, Leven and Lord Fairfax left the field. Battle of Marston Moor - Cromwell to the Rescue: While the Earl of Manchester rallied the remaining infantry to make a stand, Cromwells cavalry returned to the fighting. Despite having been wounded in the neck, Cromwell quickly led his men around the rear of Royalist army. Attacking under a full moon, Cromwell struck Gorings men from behind routing them. This assault, coupled with a push forward by Manchesters infantry succeeded in carrying the day and driving the Royalists from the field. Battle of Marston Moor - Aftermath: The Battle of Marston Moor cost the Allies approximately 300 killed while the Royalists suffered around 4,000 dead and 1,500 captured. As a result of the battle, the Allies returned to their siege at York and captured the city on July 16, effectively ending Royalist power in northern England. On July 4, Rupert, with 5,000 men, began retreating south to rejoin the king. Over the next several months, Parliamentarian and Scots forces eliminated the remaining Royalist garrisons in the region.

Internet Advertising Essays - Internet Marketing, Free Essays

Internet Advertising Essays - Internet Marketing, Free Essays Internet Advertising Internet Advertising There are two primary ways to advertise on the Internet: 1.Register your Web site with major search engines so Internet visitors can find you. 2.Place an ad banner for your site on another Web site that has a lot of traffic (viewers). Ad banners allow viewers to link to your site when they click on the banner. Internet Advertising Advantages Relatively cost-effective. The costs can also be independent of the size of the audience. For example, a Web presence will cost the same regardless of how many viewers your site has. (You will, however, need to make sure your Internet Service Provider can handle the volume of viewers you anticipate having.) Advertisers can target specific types of viewers by positioning an ad banner on related Web sites. For example, if you're targeting people seeking information on a specific topic, you can purchase ad space on Web pages that are related to this category in the major search engines (Yahoo, Infoseek, Lycos, WONET - The Women's Online Network, etc.). So, an organic herb farmer selling through mail order might advertise through the organic foods or gourmet cooking category. The indexing structure of these sites allows you to target your audience by geographic location and related interest area. Messages can be timely because editing the content is often easy and instantaneous. Ads on the Internet can be interactive. You can request viewer feedback, take orders or answer questions instantly. Ad banners can run with as much frequency as you choose. The Internet is constantly available! Internet advertisers can potentially reach a global audience. Aside from language barriers, anyone at any location in the world can access information about your products or services. Internet Advertising Disadvantages Internet advertising should not be approached in a vacuum. Instead, it should be one component of a comprehensive Internet Marketing strategy. Although the popularity of the Internet is rising remarkably, it is difficult to gage the impact of advertising on the Internet. The range of costs to advertise on the Internet can vary greatly. It is best to compare a number of highly-frequented sites to determine the best way to spend your advertising dollars.

Transitions words and phrases for essays †Pro-Academic-Writers.com

Transitions words and phrases for essays Academic and professional writing is immensely important component of college curriculum. Students are assigned to write extraordinary essays, good papers, conduct researches, analysis. Results should be presented in clear academic language. To convey ideas and points clearly, the experienced writer applies transition words and phrases. Transition words and phrases are important elements. They display relationships between different parts of one sentence or abstracts within one text. They help introduce idea, result, contrast, creating coherent text. Most students know that transition words and phrases are like bridges between long sentences. Numerous articles have been dedicated to this topic on trustworthy resources. It is the fact - not every student understands the difference. They tend to misuse words used to express different purposes or make connections between sentences. Following article will give you a better understanding of classification and usage of linking words. You will find how to write texts that are easy to read. HELP WITH MY PAPER Transition Words and Phrases Classification Correct usage of linking phrases depends on how well you understand their meaning. The better you know how to write paragraphs using them, the more effective it is. Each transition phrase has its purpose, idea and influence upon the reader; words can be split into four main categories with subcategories. In each category, the words are classified depending on what you (writer) want to show. Additive Transitions At large, category includes words and phrases that add idea, introduce or show similarity with something that has been mentioned in abstract or sentence before. The category is divided into six subcategories with various purpose and reason: addition introduction reference similarity identification clarification Sometimes students experience difficulties with words giving reference – speaking about (this), considering (this), with regards to (this), etc., which is basically the tool to return back to a specific idea, go forward, or emphasize the connection. Examples: Speaking about wedding, I loved the dress of the bride! John has never been to England before. Let alone, London. Doctor James spent three years working on his report; moreover, he did not ask anyone to help him. He did everything on his own. To tell the truth, I was reluctant that I was not invited to the dinner; I did not want to see his family. Merry was not a movie lover; for instance, last time we went to see a movie, she was complaining about neighbours eating popcorn. The contract covers force majeure cases, including fire, storm, heavy rains, and earthquakes. Adversative Transitions Adversative transitional words are used waiting for-and-against essays. To make the text coherent presenting contradictory points or facts, the writer uses adversative transitions. He/she introduces traditional view. He/she gives the reader a reasonable argument supporting another idea. Reading text, you can feel smooth transition from one sentence to another. This category lists words and phrases to make emphasis, present contrary arguments, make concession, dismissal, and, finally, replacement. Examples: Products grown without any biochemical are healthier. Yet, it is difficult to protect them from insects. It is difficult to find a good lawyer these days, but, once, you have found one, you will get a decent legal support regarding any matter. We have not received response form the commission yet. In any case, we will continue working on this project. The candidate must have a good command of Italian, or at least, upper-intermediate level to prepare and submit reports. GET YOUR A-GRADE Causal Transitions This category is subdivided into different subcategories to put emphasize and show cause, reason, effect, result, and purpose. These linking words present consequence and condition and create coherent relationships. Causal transitional phrases create smooth transition from one sentence to another; they make it understandable and logical to read. Examples: As a result of bad weather, numerous flights have been delayed. For the purpose of gathering technical staff members of the board, human resources department is obliged to reschedule our meeting. On condition that the results are positive, we will have a small party to celebrate. In order to get the parcel by the deadline, I called the agency twice but nobody answered. Sequential transitions The last important category left is sequential transitional words. The category includes subcategories, mainly, numerical, continuation, conclusion, digression, resumption, and summation categories. This group shows chronological sequence, summarizes what has been stated before, or help add logical sequence. Examples: First of all, I would like to express gratitude to everyone, who participated in this exhibition. To summarize, I would like to say that finally, we have made a great discovery that will help cure this disease. To get back to the point, please look at the second slide again. If you still in doubt and do not know how to use transitional elements properly - find professional writer's help! List of transition words and phrases Usage of Transitions Effectiveness of the text depends on correct usage of transition words. To present ideas clearly, writer should feel where to use specific word that will create a link. Excessive usage of transitions makes the text â€Å"cluttered†. Before you start working on your essay or paper, consider which ideas and the order in which you want to present them. Think of links you can use to make connection between ideas. Transitional words and phrases will help you create corresponding relationships. Do not forget about logical summary; it is important to remember - the same transition should not be used many times. Use words from the same category and subcategory, if you need to make a similar link. Instead of using the word â€Å"finally† twice, you can use â€Å"in summary† or â€Å"in conclusion†. HELP ME WRITE MY ESSAY The right usage of linking phrases will improve your academic writing skills and increase scores that your papers and essays get. Write texts that are efficient, easy to read and logical.

Relationship between High School Drop Out Rate and Family Income Essay

Relationship between High School Drop Out Rate and Family Income - Essay Example Youngsters, who have not been able to procure appropriate formal education, are posing a threat to their nation. Research has shown that, these children are more likely to get into dangerous criminal activities either due to want of money or by peer group effect. There is also danger of drugs, alcohol, smoking and teenage pregnancy. Hence it is important to know why these children drop out of school and what you can do to help them successfully complete their graduation and a lead a happy life. A study by the U.S. Department of Commerce has revealed that this dropout rate is related to race, sex, region of residence, age and family income (NCES1 1972-2001). Other factors include health and disability, peer group effect, family disputes, parental awareness, real life events, academic challenges, lack of motivation and boring teaching (The silent killer). In our discussion, we shall concentrate on the relationship of high school dropout rate and low family income, because, of all the factors, which influence high school drop out rate, family income is the most vulnerable. According to the Current Population Survey (CPS), Oct 2004, ‘High School Dropout’ is defined as the proportion of young people, aged 16 through 24, who are out of school and who have not earned a high school credential (NCES 2004). However, the California Basic Educational Data System, 2006, defines ‘High School Dropout’ rate as estimated percentage of public high school students who drop out of high school, based on the four-year derived dropout rate, which is an estimate of the percentage of students who would drop out in a four-year period based on data collected for a single year (CBEDS2, 2006). According to the CPS, the school dropout rate for the year 2003-2004 was about 5 per 100 students enrolled. Also, the previous years’ statistics prompted there has been a decline in the high school dropout rates from the year 1972 through 1990 but after that there

The Irish History Essay Example | Topics and Well Written Essays - 1750 words

The Irish History - Essay Example How various people responded to the Great Famine of 1845-1852 will also be discussed. Moreover, it will address the role of women in the history of Ireland, as well as the contributions of the Hollywood and Bill Clinton family to promoting peace in Ireland. The Irish Conquest came to a close during the reigns of Queen Elizabeth and King James. This was after several years of struggle, which was characterized by very brutal conflicts. There was an Irish Parliamentary meeting in 1541, during which Henry the eighth ascended to power as the new King of Ireland. This consequently made sure there was a government in place. Therefore, having a friendly king in Ireland, the English saw it as a rare opportunity to acquire further control of over their Kingdom of Ireland to its other claimed territories. This process took them close to a century to eventually succeed in their new endeavors. The process was characterized by various fighting and negotiations between the English administrators an d independent Irish and conservative English lords (Moody and Martin 31). As stated above, the conquest only ended during the times of Elizabeth and James. After a complete conquest, the English realized their first real governance of Ireland. They then established a centralized government all over, an event which was immediately followed by a complete disarmament of the local lordships. However, I would like to argue that this conquest cannot be termed as fully successful by 1603. I admit that by this time they had established a strong control over this territory, at least physically. Some structures, however, still remained unchanged. The Irish had been dominantly Catholics, a fact that had not changed a big deal by 1603. The Irish had not yet adopted the English Protestant ideology by 1603, and there was no sign that that would happen in the near future. The English were also employing very crude methods to strengthen their hold the territory. Methods such as martial law only att racted more resentment from the natives. There was also the introduction of the infamous plantation system which meant total colonization. The English had simply just failed, at least from the ideological perspective (Moody and Martin 31). The Irish gave another life to William of Orange as a Protestant savior even after years of irrelevance among the non-Protestants. William had preached the Protestant ideologies as the ideals. He had worked so hard within the Orange Order, an organization which had emerged after the â€Å"Battle of Diamond.† The ideology of â€Å"biblical Protestantism† emerged again under the new Orange Order, with the stronger principles of reformation. This Order also only accepted those who subscribed to the Protestant ideologies (Johnson 180). William had also successfully convinced not only other Orange Order members but also other protestant Irish that it was important to help The United Kingdom rein forever. Under the English rule, the Protes tants were assured of security and prosperity, since it would highly enrich them while discriminating against the Catholics. Therefore, William’s ideas for Unionism, which opposed any form of Irish re-unification or even the independence of Scotland, was an admirable gesture that would ensure that Protestants rule over Irish Catholics forever. Therefore, William was always seen as the Protestant savior against any fall (Johnson 180). The Catholics were continuously treated

Critically assess Wildavskys theory of the two presidencies Essay

Critically assess Wildavskys theory of the two presidencies - Essay Example The papers will critically asses Wildavsky’s theory with regard to the presidencies of President Franklin, D. Roosevelt, President George W. Bush and President Bill Clinton to establish whether foreign and domestic policies operate as dichotomies or they operate in reciprocity. The American politics has always been characterized by critical analysis of the policies adopted by presidents and how these policies impact on the values, beliefs and perception of the American people. The way the Americans perceive the policies usually determine the popularity of presidents and whether they will only rule for one term or two terms. A retrospective analysis on the approaches taken by American presidents reveals that there exists a dichotomy in relation to how American presidents shuffle their political cards in their bid to push forwards certain agendas that they deem important for the American nation. The Dichotomy is clearly brought out in Wildavsky’s theory of Two Presidencie s.

Reaction to the video clipidea celebration 35 years Movie Review

Reaction to the video clipidea celebration 35 years - Movie Review Example Since then, access to education for the disable people has continued to expand, with the disabled people now able to access the highest level of education in the land, alongside their non-disabled counterparts. The 2004 amendment to the laws of education for disabled people have increased the achievements of the disabled people in the society, enabling them to hold jobs after their high school education. Thus, the environment for the disabled education has significantly improved. Giving education to the disabled has helped change previously considered uneducable children into citizens, and helped improve the sense of worth of the disabled people, by clearly showing that all minds are beautiful, whether those of the disabled or the non-disabled (Celebrating 35 Years of IDEA, n.p.). Before 1975, only a fifth of children with disability were educated, but still in secluded, segregated and distant sate institutions. Nevertheless, 35 years after the enactment of this Act, the group of peo ple who were considered uneducable is now highly valued group in the society, with an improved lifestyle. IDEA has made it possible for the disabled people to achieve much in the American

Self education made Malcolm X one of the most influential leaders of Essay

Self education made Malcolm X one of the most influential leaders of his time - Essay Example He belonged to a Christian family where his father was a Baptist Minister and a strong supporter of Marcus Garvey's Universal Negro Movement. He had a tragic childhood that made him a burglar. While Malcolm X was a child, his house was set on fire one day and his family had to face constant harassment. Due to this, they migrated to Michigan where his father was murdered. His mother could not cope up with the needs of the family and the death of his father. She was finally committed to a mental institution. . [Malcolm X El-Hajj Malik El-Shabazz , 2005]. Malcolm X and his siblings were send to different foster homes. [Malcolm X, 2005]. Although, he was a bright student, Malcolm X did not attain education after eighth grade. He migrated to New York were he worked as a waiter in Harlem. Later he was indulged in selling and using drugs, gambling and finally resorted to burglary. He was arrested at the age of 20 and sentenced to ten years of imprisonment. [Malcolm X, 2005] The art of self-education guided Malcolm X to become a voracious reader and enhanced his language skills. While Malcolm X was in prison, his life took a drastic turn. He transformed himself from a burglar to a great follower of Islam. He learned the existence of Ejjah Mohammed and movements of the black Muslims from his siblings who had converted to Muslims. While he was in the prison, he started writing letters and only then, he realized his poor communication skill in English . Due to his immense dedication to enhance reading and writing skills, he got himself a dictionary. He started writing all the words and their meaning in a book and read them aloud. Through this technique, he improved his vocabulary. After acquiring this skill, he could read all the books with ease. He became a voracious reader and attained vast amount of knowledge through these books about slavery and the history of black civilization throughout the world. He read about Gandhi's struggle to attain freedom in India, Abolitionist Anti Slavery society, genetics, religion and philosophy. [Burke, 2004]. Due to the art of self- education, Malcolm X became one of the most influential leaders of the blacks in the 20th century. Due to the language skills that he had acquired in the prison, Malcolm X became a great spokesperson and propagated Islam. He fought for the dignity of the blacks and rose to the position of a minister at the Nation of Islam. [Malcolm X - Black American History, a history of black people in the United States, n. d]. Later he objected to certain viewpoints of Islam and deviated from it. He went to Mecca and propagated that not all whites were devils. He returned to United States and formed the organization of Afro-American Unity. Malcolm X attained this height of success through self-education. [Carson, n. d]. Through his exemplary communication skills, which he mastered through the art of self-education, helped him become a great spokesperson. If not for this technique of education, Malcolm X would have still lived his life in the streets of New York doing petty crimes. The reading habit that he acquired in the prison was his motivating factor in understanding the various concerns faced by the blacks and propelled him to fight for their justice. Conclusion Malcolm X exemplifies the benefits that an individual attains through self -education. This technique teaches an

Sphalerite Essay Example | Topics and Well Written Essays - 1250 words

Sphalerite - Essay Example As sphalerite is soft and fragile it is mostly best left unset as collectors or museum pieces. Gem-quality material is usually a yellowish to honey brown, red to orange, or green There are a number of ways sphalerite is formed; bacteria also play a role in its formation. In the regions where there is low oxygen solution such as flooded tunnels the bacteria's take in zinc and sulfur from the water and combine them to create a byproduct of sphalerite known as sulfide, which reacts with the metals including zinc creating insoluble products. This build up of microbial precipitation by the bacteria have led to the discovery of large zinc sulfide deposits by the miners. The biofilm formed is grey in color and is further developed naturally to form sphalerite. Sphalerite is a cubic crystal with zinc and sulfur atoms tetrahedrally coordinated. This structure is similar to that of diamond. The hexagonal analogue is known as wurtzite structure. The lattice constant for zinc sulfide in the zincblende crystal structure is 0.596 nm, calculated from geometry and ionic radii of 0.074nm (zinc) and 0.184nm (sulfide). It forms ABCABC layers. Sphalerite is obtained from underground mining. ... It forms ABCABC layers. Mining Sphalerite is obtained from underground mining. It is the ore of zinc that is formed in veins which are layers of rocks and minerals formed underground. It is found in sedimentary, igneous and metamorphic rocks. Sphalarite accumulates in deposits which can extend far underground. Thus underground mining is most suitable; other methods would be too expensive and difficult. The underground excavation is determined by strip ratio method which is the total amount of waste materials that need to be removed in proportion the amount of ore. Thus minimum possible waste is extracted. The underground mine of sphalerite consist of sophisticated network of tunnels, shafts and equipments. It is entered through a shaft, a horizontal tunnel or an adit which is a horizontal entry way. There are several levels in the underground mine and sphalerite in mined in rooms called stopes. It is drilled and blasted out taking care of the ceiling so that the mine does not collapse. Sphalarite mining process involves a number of equipments. Continuous mining machines are used which cut through rocks and pull them up, even separating the unusable ore from waste rock all in one system. Dump trucks are used in the mine to carry material to appropriate locations to different parts of the mine. At times shuttle cars are also used. Today in the modern era mining is a highly technological and mechanized process. Sophisticated vehicles, rail systems and state-of-the-art drilling systems are bought from manufacturers and suppliers. Ventilation systems pump in fresh air while removing poisonous gases and dust. Also, the roof is supported by timber, concrete or even steel supports. Steel rods are

Self education made Malcolm X one of the most influential leaders of Essay

Self education made Malcolm X one of the most influential leaders of his time - Essay Example He belonged to a Christian family where his father was a Baptist Minister and a strong supporter of Marcus Garvey's Universal Negro Movement. He had a tragic childhood that made him a burglar. While Malcolm X was a child, his house was set on fire one day and his family had to face constant harassment. Due to this, they migrated to Michigan where his father was murdered. His mother could not cope up with the needs of the family and the death of his father. She was finally committed to a mental institution. . [Malcolm X El-Hajj Malik El-Shabazz , 2005]. Malcolm X and his siblings were send to different foster homes. [Malcolm X, 2005]. Although, he was a bright student, Malcolm X did not attain education after eighth grade. He migrated to New York were he worked as a waiter in Harlem. Later he was indulged in selling and using drugs, gambling and finally resorted to burglary. He was arrested at the age of 20 and sentenced to ten years of imprisonment. [Malcolm X, 2005] The art of self-education guided Malcolm X to become a voracious reader and enhanced his language skills. While Malcolm X was in prison, his life took a drastic turn. He transformed himself from a burglar to a great follower of Islam. He learned the existence of Ejjah Mohammed and movements of the black Muslims from his siblings who had converted to Muslims. While he was in the prison, he started writing letters and only then, he realized his poor communication skill in English . Due to his immense dedication to enhance reading and writing skills, he got himself a dictionary. He started writing all the words and their meaning in a book and read them aloud. Through this technique, he improved his vocabulary. After acquiring this skill, he could read all the books with ease. He became a voracious reader and attained vast amount of knowledge through these books about slavery and the history of black civilization throughout the world. He read about Gandhi's struggle to attain freedom in India, Abolitionist Anti Slavery society, genetics, religion and philosophy. [Burke, 2004]. Due to the art of self- education, Malcolm X became one of the most influential leaders of the blacks in the 20th century. Due to the language skills that he had acquired in the prison, Malcolm X became a great spokesperson and propagated Islam. He fought for the dignity of the blacks and rose to the position of a minister at the Nation of Islam. [Malcolm X - Black American History, a history of black people in the United States, n. d]. Later he objected to certain viewpoints of Islam and deviated from it. He went to Mecca and propagated that not all whites were devils. He returned to United States and formed the organization of Afro-American Unity. Malcolm X attained this height of success through self-education. [Carson, n. d]. Through his exemplary communication skills, which he mastered through the art of self-education, helped him become a great spokesperson. If not for this technique of education, Malcolm X would have still lived his life in the streets of New York doing petty crimes. The reading habit that he acquired in the prison was his motivating factor in understanding the various concerns faced by the blacks and propelled him to fight for their justice. Conclusion Malcolm X exemplifies the benefits that an individual attains through self -education. This technique teaches an

Franklin Pierce Essay Example for Free

Franklin Pierce Essay Franklin Pierce (November 23, 1804 – October 8, 1869) was the 14th President of the United States, serving from 1853 to 1857, an American politician and lawyer. To date, he is the only President from New Hampshire. Pierce was a Democrat and a doughface (a Northerner with Southern sympathies) who served in the U. S. House of Representatives and Senate. Later, Pierce took part in the Mexican-American War and became a brigadier general. His private law practice in his home state, New Hampshire, was so successful that he was offered several important positions, which he turned down. Later, he was nominated for president as a dark horse candidate on the 49th ballot at the 1852 Democratic National Convention. In the presidential election, Pierce and his running mate William R. King won by a landslide in the Electoral College, defeating the Whig Party ticket of Winfield Scott and William A. Graham by a 50% to 44% margin in the popular vote and 254 to 42 in the electoral vote. According to historian David Potter, Pierce was sometimes referred to as Baby Pierce, apparently referring to both his youthful appearance and his being the youngest president to take office to that point (although he was, in reality, only a year younger than James K. Polk when he took office). Pierce attended school at Hillsborough Center and moved to the Hancock Academy in Hancock at the age of 11; he was transferred to Francestown Academy in the spring of 1820. In fall 1820, he entered Bowdoin College in Brunswick, Maine, where he participated in literary, political, and debating clubs. There he met writer Nathaniel Hawthorne, with whom he formed a lasting friendship, and Henry Wadsworth Longfellow. He also met Calvin E. Stowe, Seargent S. Prentiss, and his future political rival, John P. Hale, when he joined the Athenian Society, a group of students with progressive political leanings. In his second year of college his grades were the lowest of his class, but he worked to improve them and upon graduation in 1824 ranked third among his classmates. In 1826 he entered a law school in Northampton, Massachusetts, studying under Governor Levi Woodbury, and later Judges Samuel Howe and Edmund Parker, in Amherst, New Hampshire. He was admitted to the bar and began a law practice in Concord, New Hampshire in 1827. Pierce served as President from March 4, 1853, to March 4, 1857. He began his presidency in a state of grief and nervous exhaustion. Two months before, on January 6, 1853, the President-elects family had boarded a train in Boston and shortly thereafter were trapped in their derailed car when it rolled down an embankment near Andover, Massachusetts. Pierce and his wife survived, merely shaken up, but saw their 11-year-old son Benjamin crushed to death. Jane Pierce viewed the train accident as a divine punishment for her husbands pursuit and acceptance of high office. Pierce chose to affirm his oath of office rather than swear it, becoming the first president to do so; he placed his hand on a law book rather than on a Bible while doing so. He was also the first president to recite his inaugural address from memory. In it Pierce hailed an era of peace and prosperity at home and urged a vigorous assertion of US interests in its foreign relations. The policy of my Administration, said the new president, will not be deterred by any timid forebodings of evil from expansion. Indeed, it is not to be disguised that our attitude as a nation and our position on the globe render the acquisition of certain possessions not within our jurisdiction eminently important for our protection. The nation was enjoying a period of economic growth and relative tranquility. The Compromise of 1850 seemed to have calmed the storm about the issue of slavery. When the issue flamed up early in his administration, though, Pierce did little to cool the passions it aroused, and sectional fissures reopened. The greatest challenge to the countrys equilibrium during the Pierce administration, though, was the passage of the Kansas-Nebraska Act in 1854. It repealed the Missouri Compromise and reopened the question of slavery in the West. This measure, sponsored by Senator Stephen A. Douglas, had its origins in the drive to facilitate the completion of a transcontinental railroad with a link from Chicago, Illinois to California through Nebraska.

Leadership Styles in Knowledge Management

Leadership Styles in Knowledge Management This research paper aims to study the three basic leadership styles widely practiced in the organizations as well as the emerging concept of knowledge management and examine individually the relationship of these leadership roles on the knowledge management. The three leadership styles under focus are: transformational, transactional and laissez-faire. The purpose of this research is to identify which leadership style is more effective in relation with the knowledge management. Hence, to help organizations make the best use of this phenomenon and increase their knowledge sharing among different hierarchical levels to exercise maximum levels of learning and innovation in their work environment. It will also enable corporations to gain the competitive advantage with respect to their human capital and. When it is discovered that which managerial style has the positive impact on the knowledge management, it will result into employee empowerment and motivation. Among the important finding s are that effective knowledge management or knowledge sharing processes lead to a competent work environment and the employees get more involved with their jobs as they feel that their ideas are valued. Moreover, they tend to get more creative and challenging, but these behaviors are majorly dependent upon the managers attitude and whether he or she encourages such contributions or interferences from the subordinates and is flexible and open to change and innovation. In the outcomes, transformational leadership has proved to positive relationship with knowledge management and that of the laissez-faire has a negative effect on it. This paper has derived findings through extensive study of literature reviews on these main concepts which is based on theoretical researches. Keywords: Knowledge management, Transformational leadership, Transactional leadership, laissez-faire, Communication. Introduction: Background of study: In this research we are going to study the various factors affecting the issue of Knowledge Management among employees and how can it become most useful for the growth of an organization. The concept of Knowledge Management basically is about the knowledge an individual possesses about anything and this particular kind is referred to as tacit knowledge which is usually gained through personal observation, experience, values and beliefs. Such form of knowledge is usually exhibited in informal settings and could not be formally written or documented into a proposal to the manager. As it is something that can cross an employees mind instantaneously but he or she might not feel confident to share their idea openly in the given atmosphere, where they might think it would sound insignificant or absurd to others. To sum up, the purpose of knowledge management is to provide strategies, processes and technology to amplify the overall organizations learning (Satyadas et al., 2001). Moreover, s ystem oriented view is highly being emphasized and companies are installing technology applications ranging from traditional data-processing areas to expert networks enabling expert-to-expert communication. These systems are designed to store and make profit from the existing explicit, implicit as well as tacit knowledge of organizations. Hence, they facilitate the flow of knowledge in the processes and also record the information that which employee has put in the knowledge and how its implementation could help the organization, so that the right person should get the reward fairly and it is done as an act of encouragement for others. In todays world of immense market competition and rivalry among brands, there is an increasing need of formulating progressive organizational strategies constantly for a companys survival. There organizations are now paying most attention to the notion of innovation, which is majorly generated from the employees. Hence, it is highly important for an o rganization to have a culture that is flexible, open to new ideas, adaptive to change and appreciative of contribution of knowledge. Hence if the sharing of knowledge from individuals is encouraged and valued, it can enable a company to be competitive and help in achieving its goals, provided it is in relevance with the problem. (Birasnav, Rangnekar, Dalpati, 2011) Moreover, if that knowledge is used and followed through, it gives a sense of recognition, achievement and personal satisfaction as well as a sense of belonging. It matters most especially to the senior employees who do not much care about the other lower components of the Maslows motivation theory of hierarchy, as those needs are already fulfilled at this stage. Leadership Styles are at the center of Knowledge Management importance and approaches that have caught the attention of researchers and scholars for long periods. Overly technical view of Knowledge Management seems to downplay the importance of soft factors that impact the Knowledge Management phenomena. Significance of study: Managing knowledge and intellectual capital has become the key drivers of new knowledge and new ideas to the innovation process, to new innovative products, services and solutions. It helps in better achieving and even exceeding the objectives. (Knowledge Management in Health Science Libraries, 2007) The purpose of knowledge management should not be to become just knowledgeable but to be able to create, transfer and apply knowledge with aim of better achieving the objectives. Problem Statement: The current competitive setting of organizations and the changing management paradigm has highlighted the importance of Leadership Styles on Knowledge Management. Identifying Leadership Styles that promote concept and practice of Knowledge Management is crucial as the growth and competitiveness of organizations in new-age economy. Research Question: What are the different leadership styles that affect knowledge management in organization? What are the ways in which different leadership styles affect knowledge management? Purpose of study: The purpose of this study is to examine the different roles of leadership in the knowledge management and how this has an impact on the overall organization. Research objectives: To identify and evaluate different roles of leadership To examine the impact of these different roles of leadership on knowledge management Delimitation: Only few educational institutes are surveyed for the primary research from Rawalpindi and Islamabad only. Literature Review: Knowledge management has been identified as one of the most important resources that contribute to the competitive advantage of an organization. Behavioral and interpersonal skills are most often known as the essentials for successful knowledge management. Knowledge can be within individuals or within the relationships between the individuals groups or sub groups. Without verbal or even the non verbal communication the only way to organize knowledge transfer would be to move around people holding the relevant knowledge. (Ferenc, 2003) For many years it had not been studied despite its importance in this information age; only recently leadership theories and researches have addressed the role of leadership in knowledge management. Researchers (Beron et al. 2006), (Viitala, 2004) suggested that the design and building management information system is one way in which leaders at the top of a corporate have an impact on organizational performance. Recent development in the organizational knowledge literature stresses the importance of knowledge management to building a sustainable competitive advantage. (Bogner and Bansal, 2007) and to the importance of leadership for the success of knowledge management. Recently the growing information systems and knowledge management have continuously stressed the lack of leadership support for the failure of many knowledge management projects. (Davenport et al. 1998), (Chandrashekhar, 2009). It has been found that 42 percent of an organizations knowledge resides in the minds of the employees (Clark and Rollo, 2001); therefore it is dependent upon the leaders how to make the best use of it. Furthermore, as discovered by Doppelt (2003) that in order to achieve sustainability in a corporation, leadership is the key, because a competent and committed leader encourages dialogue which as a result leads to change and so barriers such as sticking to old ideas and cultural frameworks, past practices, tunnel vision and such approaches tha t come in the way to draw new progressive visions for the future. According to the researchers Jong and Hartog (2007) and Aragon-Correa (2007) every leadership style has its own pros and cons; but transformational leadership is more attentive and engaging with the sub-ordinates and encourages them to be creative and focuses on the firms learning and innovation. Whereas, Bass (1985) presented that transactional leaders are not much involved with the subordinates work unless there is a need when a problem arises. On the other hand, he also stated that transformational leaders motivate their workforce, rouses their intellectual skills and acts as role models for them. Moreover, they also have the quality of inspiring the employees into acquiring goal accomplishing skills and improve their performance in achieving the corporate vision (Nemanich and Kellar, 2007). Also, they train, encourage and support their subordinates keenly and optimistically and promote individual and team spirit a mong them. Consequently, it is paid back in the form of boosting employees performance in their tasks and bringing high returns from them (Yulk, 2006; Boerner et al, 2007). Information management: Information as now a day includes both physical and electronic information. Now its the organizations and its structures that must be capable of managing that information throughout the information lifecycle regardless of its sources and formats. Thus the focus on information management is the ability of organization to capture, manage, preserve, store and deliver the right information to right people at right time. Information management becomes the corporate responsibility that needs to be addressed and followed from the senior level management to the front line management. Information is the key asset for an organization and thus should be treated as corporate asset. (Information Management) And it must be made available to everyone and must be shared. People management: Knowledge is the main driver for organizations performance. It affects performance by making it possible for people to perform well. So the instrument by which knowledge affects the performance is through people. So knowledge management must be people focused (Wiig, 2004) (Corral, 1999) Cindy Johnson, Director of Collaboration and Knowledge Sharing at Texas Instruments states: Knowledge management is really about recognizing that regardless of what business you are in, you are competing based on the knowledge of your employees. They way of making knowledge available has evolved over time. It started with family clans where knowledge was passed from father to son by the process of learning. With the new ideas of working in teams, groups, and as institutions, people work closer to benefit from the knowledge of each other. Process Management: Knowledge management is considered as an approach where the employees of the companies would leverage from the buried knowledge that was held closely to them. This enabled the evolution of the term learning organizations where knowledge is always evolving and is being made assessable to all the employees who are eager to attain it and apply it. The focus on improving, re-engineering and managing business process is considered as corporate assets. The companies are taking charge of how they will deliver value to their customers by focusing on process effectiveness and efficiency. While KM and process engineering was evolving at the same time, there were no efforts to combine them in the same architecture. KM has always been focusing on the best practices and proven practices but it had failed to understand how valuable the fusion of process and knowledge can be. So process management gives the ability to view, manage, evaluate, and adapt the business activities, applications, and peop le in organizations to achieve goals. And to achieve these goals there is a need for the management of knowledge where people get an easy access to share and create knowledge (Records, September 2005). Leadership and knowledge management: There is no doubt about it that leaders are the ones who set the standards for others in the organizations and they are one of the biggest driving forces who inspire and motivate them to achieve what they meant to achieve so leaders have direct impact on how organizations should see and deal with knowledge management but if knowledge management is not being conducted on all levels in the organization starting from the top then it would not be as effective as expected (Singh S. K., 2008) Leaders have vital role to play on every level to manage the knowledge but particularly CEO should take part in this process because if he would take it seriously and feel that there is really a need of managing this thing like other practices in the organization then the rest of the people also take it seriously. Organizations with strong cultures and promising compensation programs will not succeed without committed and responsible managers. According to Singh it is the major responsibility of top executives of the organizations to make such strategies and create such values in the organizations which encourage employees to share, create and value knowledge and leaders should provide them with the opportunities to do so and then afterwards measures should be taken to evaluate employees behaviors, attitudes and productivity that are required for effective knowledge management (Singh S. K., 2008) Four broad approaches were studied to understand the leaders and leadership through the trait approach, the contingency approach, the behavior approach and the transformational approach and some of the approaches does have a role in knowledge management but they are not enough to understand knowledge management systematically. The trait approach does have impact on knowledge management and considers it important thing for leaders, contingency and behavior approach also considers knowledge management vital for effective leaders. The transformational approach also support this phenomena that information creation, keeping and sharing facilitates in obtaining shared vision and values in the organization (Lakshman, 2007). Leaders self realization of importance of knowledge management really matters in the effectiveness of knowledge managements practices in the organization and realization is needed in two dimensions, one internal other external. Internally it is achieved by establishing technological and socio-cognitive ways of managing knowledge and externally it is by realization of valuing customer focused knowledge management (lakshman, 2009). Information revolution changes way of doing things in the corporate context, it enhanced the value of time and customers need quick Reponses with relevant and useful knowledge of the products and services so that transformed the process of leadership too by speeding up the inputs, requirement of quick and customized information regarding product and its functions which further builds competition in the business environment. Likewise he emphasizes the need for knowledge managers to achieve and maintain equilibrium between motivating team members with urgency and providing them with time and space to reflect. To become the knowledge sharing and managing organization, leaders have to take the responsibility and have to choose the appropriate leadership style to lead the organization effectively. (Viitala, 2004) Transformational leadership: A framework was established to implement quality management within an organization actually a system of profound knowledge .While implementing it leadership and knowledge management were measured and it was found that in order to implement such system leaders required should be participative, collaborative and inspiring (Gapp, 2002) Transformational leadership have potential to effect employees perceptions through the returns that organization get in the form of human capital benefits and these leaders also have potential to make those benefits greater by adding them in the knowledge management processes, encouraging inter personal communication among employees and creating organizational culture. (Birasnav, Rangnekar, Dalpati, 2011) It is possible for transformational leadership to enhance organizational innovation through creating a participative environment or culture and it can do so directly or indirectly by changing organizations culture which encourages knowledge sharing and management in the organization. It is in the control of transformational leadership to promote such culture so the employees have autonomy to speak about their experiences and knowledge. (Nguyen Mohamed, 2011) There is relation between magnitude of knowledge acquisitions and transformational leadership. In todays challenging world organizational culture should be more empowered and that is achieved by transformational leadership which encourage people to be open about their choices and decisions. (D.Politis, 2001) He encouraged the role of participative leadership, it is this leadership style which relies heavily on the leader functioning as a facilitator rather than simply a leader who orders and wants his assignments done in time. Employee would not be comfortable in sharing knowledge unless employee knows that he/she would be supported by their leaders. Finally, (C.B.Crawford, 2005) argued that there is a clear relationship between transformational leadership and knowledge management in organizations. Crawfords research is pre empirical and made the point very clearly that empirical testing is needed to understand the relationship of transformational leadership and organizational knowledge constructs. Crawfords research provides some basis from which to speculate that transformational leadership might be a causative factor influencing greater knowledge management skills. Transformational leadership and personal innovation are linked. It was found that transformational leaders are more innovative than transactional and laisse-faire leaders. Innovation is considered to be the key factor for knowledge leaders; innovation is the name of managing and creating information and knowledge through different ways. Transactional Leadership: The second variable we are studying in this research, affecting the knowledge management in organizations is the transactional leadership style. This style of leadership is influenced by the concept of reward and punishment; such leaders believe that the employees performance is mainly dependent upon these two factors. That means that when there is an incentive the workers put in their best effort and the reward is in monetary terms in most of the cases; while when they fail to achieve the set target they ought to be punished. (Oshagbemi Ocholi, 2006) Similarly, transactional leaders impose their authority on their followers to take work from them and clearly state what they want and also give employees the opportunity to get detailed information and guidance before they accept an assignment. Such leaders emphasize on present issues; they do not get involved with the employees tasks unless a need arises and in the beginning of a project they provide the workers with all the resource s needed for its completion and after that the task becomes totally the responsibility of the workers (Bass, Cacioppe, Gronn, Hughes.et.al, Popper, Zakkai, 2002).Transactional leadership has two major components, contingent reward and management by exception (MBE). Here, contingent reward means the reward that an employee is promised by the manager, to be acquired if the required target is achieved by him or her and the MBE approach is used to make sure that one should never fail to achieve the desired result due to the resource constraint. Leaders must be clear in explaining what they actually expect and the organizational goal is achieved they must give the recognition. It was also extracted from that manual that MBE is of two types, passive and active. In MBE active, the leader clarifies the standards to be followed and also defines the unacceptable standards of work and are likely to punish if they are not followed. In this strategy, mistakes and errors are identified and steps are taken to correct them. While, in MBE passive, the leader plays a passive role who does not clarify the standards or the requirements to be met by the employees, but only gets involved when there is an obvious issue. Hence, in this case passive style is not considered to be un systematic in correcting the negative issues. (Ogunlana, 2008) Transactional leaders pay more attention to physical and security needs of the employees. The relationship between the leader and the subordinates mainly revolves around the attraction of reward system as a return for their efforts. It is also said that in transactional leadership one person takes the initiative to make a contact with others in order to make a contract of exchanging functions for the benefit of the organization (Birasnav, Rangnekar, Dalpati, 2011). Laissez-faire: Whereas, the third variable in this study is the laissez-faire leadership style, in which the leader gives complete freedom to the employees to make decisions regarding the completion of a task while answering their questions wherever they find problems and the workers are provided with all the necessary resources and tools for that by the leader. Apart from that only little guidance is provided by the leaders and the followers are expected to solve problems on their own (C.B. Crawford, 2005). This strategy is successful in case the workforce is highly experienced, skilled and capable of their jobs, otherwise if the labor lacks these expertise, the researchers recommend it to be an ineffective and the weakest form of leadership which yields poor productivity for the organization, as there are some workers which are unable to solve problems and meet deadlines on their own. Although, in such situations the work environment is quite relaxed, free of work pressure and without interferenc e from the manager, but still it brings frustration and demonization among the teams when they are unable to produce the desired results, without the required feedback and assistance from the manager. But laissez-faire strategy contributes to the employee empowerment and it gives a visionary worker the opportunity to perform according to his or her own will. Lassiz- faire is a leader who always runs away when there is a need to make an important decision or when there is a serious problem (Ogunlana, 2008). The phenomenon of knowledge management is applicable on the whole organizational structure, taking into all the levels of hierarchy. While studied empirically it was discovered that the relationship between the different components of knowledge management and transformational leadership, transactional leadership and self-management have a link with the accomplishment of knowledge forms. Moreover the leaders should be able to give an empowering environment to the employees. Although according to the empirical findings, which are quite limited in this aspect, as well as the theoretical assumptions of a number of authors, there is a need for participative collaborative leadership style in order to facilitate the flow of knowledge. Hence it was pointed out that empirical testing of the knowledge attributes in an organization should be carried out, to find out the relationship between the management of knowledge and transactional leadership in a firm. (C.B. Crawford, 2005) The researcher selected a sample of 1,046 males and females enrolled in liberal classes who were side by side employed in different economic sectors. In the first round they were asked to answer the questions based on the behavioral aspects of knowledge management in which the questions taken from the Barth (2003) typology of personal knowledge management categories. In the round they were asked to fill in the Multifactor Leadership Questionnaire 5-S (MLQ) derived from Bass (1985) which comprised of scales measuring the attributes of the three leadership styles: transformational, transactional and laissez-faire. The scales ranged from strongly agree to strongly disagree and as a measure for superior performance or as a self-report measure. But he used the MLQ as a self-report of transformational, transactional and laissez-faire leadership characteristics. Finally, in the last round, the respondents were asked about their demographics considered important for the research including se x, age, years of employment, education, career type, position at work and use of technology. While conducting the analysis, only the position variable was used that described the respondents as senior managers or executive, supervisors and at entry level. Though the basic purpose of this study was to determine the relationship between the knowledge management attributes and the transformational leadership style. In the end various correlations were found that determined the degree of the relationship between the knowledge management behaviors and transformational, transactional and laissez-faire leadership. Eventually, the outcome of the investigation concluded that the variables leadership and knowledge management are significantly related, both in the organizational setting as well as in theoretical context. The most important results included that there exists a strong relationship between knowledge management and transformational leadership. Moreover, transactional leadership, i t was discovered that as knowledge management is technical in nature, the more effective management style would be transactional. Furthermore, transactional leaders are more goal oriented and not much concerned about the personal development of the sub-ordinates. In addition, another finding was that transactional leadership had strong correlations with knowledge management and contingent reward and it had considerable negative correlation with management by exception. On the other hand, it was analyzed that laissez-faire came out to have a negative effect on knowledge management, which indicates that a leaders role is very essential in managing knowledge behaviors in corporate. Consequently, the negative correlation between the two components indicated an inverse relationship, which means that when knowledge management behavior increases, the extent of laissez-faire decreases (C.B. Crawford, 2005) Additionally that investigation also showed that the hierarchical position an employee has in a company also has a link with the knowledge management, as people handing more information are expected to possess more skill and grip on building knowledge management capabilities. Likewise, leadership attributes are practiced and exerted most according to the position an individual holds; the more the responsibility, the greater the actions of a leader exhibited, to succeed in following an aim or achieving a goal. As a result, there were higher levels of transformational leadership witnessed as the position in a corporate increased, whereas transactional and laissez faire got less. Hence, the position in the hierarchy is also crucial in examining the relationship between knowledge management and leadership attributes; and that variable proved to be predictive of knowledge management, just like transformational leadership. Only transformational leadership style, not transactional or laisse z-faire was related to the impact of position on knowledge management. In that investigation, it was concluded that transformational strategies worked best even where the most technical skills were required, in modern corporate environments as compared to transactional or laissez-faire and are more successful in other organizational constructs too because of their person-centered approach. Whereas, transactional strategies did not enhance knowledge management behavior and laissez-faire leadership slowed it to a significant extent. Furthermore, the higher the positions got in a corporate for individuals; they dealt with knowledge more effectively, because they then adopted more of transformational strategies. But in the significance, leadership is of much greater value than the position variable, effecting knowledge management. (C.B. Crawford, 2005) Laissez-faire as leadership style exhibits ineffectiveness, unproductiveness and dissatisfaction. These leaders avoid interfering in the followers jobs and stay away from taking the responsibility their position demands and also avoid developing a relationship with the subordinates. (Ogunlana, 2008) Proposed Methodology: The sampling method that we will use is purposive sampling which is a non-probability sampling technique. Subjects would be selected because of we will be able to select people of interest and exclude who do not suit the purpose of research. The sector chosen for this study is educational sector, coordinators and head of departments would be researchers respondents. Total sample will be 100 individuals.