Ipl Strenght and Weakness Essay Example

Ipl Strenght and Weakness Essay The bidding process for the eight franchises that will compete in the Indian Premier League has officially begun with the release of the prospectus for the inaugural Twenty20 competition beginning in April 2008. The tender inviting bids for the franchises will be announced sometime in December. Potential franchisees can submit bids for more than one city-team and must state the total fee they are offering for a franchise for the first ten-year term. The auction of players will immediately follow the awarding of the franchises. The prospectus also laid out the manner in which the IPLs revenue would be shared with the franchises. The franchises will receive 80% of the television revenue over the first two years, 70% in the third and fourth years, 60% between years five and ten, and 50% from the 11th year onwards. In addition, they will also receive 60% of the sponsorship revenue during the first ten years, after which they will receive 50%. Of the total amount to be distributed, 20% will be divided based on the final league positions of the franchises while the other 80% will be shared squally. The IPLs distribution model, which is based on their current forecasts for the first contracts for centralized television and sponsorship agreements, should be adjusted should the forecasts change. The competition comprises 59 matches and spans 44 days with each franchise playing the other on a home and away basis. The top four teams qualify for the semi-finals, the winners of which will contest the final. The two finalists will in turn qualify for the Champions Twenty20 tournament, which has been provisionally scheduled for October 2008. We will write a custom essay sample on Ipl Strenght and Weakness specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Ipl Strenght and Weakness specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Ipl Strenght and Weakness specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Each franchises squad will have a minimum of 16 players and no more than four international players, drawn from the pool of contracted players, may play in a particular match. Four Under-21 players and four players from the franchises catchment area must also be part of the squad, though these can be the same players. Our first round-up of the IPLs finances shows the league generated $209 million in revenue in its second season, for an aggregate operating profit (earnings before interest, taxes and depreciation) of $89 million. The average franchise is worth $67 million, a 31% increase in just one year. The Rajasthan Royals, winners of the leagues first championship, has risen in value by 71%. This despite the uncertainty and logistical headaches caused by moving this years entire 59-game slate, including the final, to South Africa with only three weeks notice. (After terror incidents, the Indian government was anxious about providing security as parliamentary elections coincided with the month-long season. The IPL was conceived in 2007 near some hallowed ground for sports: in Londons Wimbledon suburb. There, Lalit Modi, representing the Board of Control for Cricket in India (BCCI), the governing body of Indian cricket, and Andrew Wildblood, an executive at sports management powerhouse IMG, discussed the disconnect between crickets worldwide popularity and the lack of commercial success of any domestic league. Their solution: a franchise ownership structure modeled after top U. S. sports leagues. Since then , the league has grown at breakneck speed. In January 2008, eight IPL teams were auctioned for a combined $724 million (to be paid in 10 annual installments to the nonprofit BCCI, an umbrella for the IPL). Just three months later, the Redskins First Ladies of Football were flown in to shake their pom-poms at the sold-out opener. Proceeds from the auction, as well as portions of national media and sponsorship deals, are reinvested, mostly in Indias aging (as far back as the 19th century) cricket stadiums, including some of the 10 rented by IPL teams for $100,000 per match. How successful was that first season? The 2008 semifinals and final drew 62 million viewers in India, with a per-match average of 11% of the nations total cable audience. In the months that followed, Modi, now IPL commissioner, opted out of TV deals with Sony and World Sports Group, risking nearly $1 billion of guaranteed payments over the next nine years. The gamble paid off, to the tune of a 98% annual increase from those broadcast partners, both of which deemed the IPL too valuable a property to lose. One reason the league is so TV-friendly is its format: Matches are held under Twenty20 rules that speed up each contest to about three hours (a traditional cricket match can last days, with tea breaks). The format is sweeping cricket worldwide. Revenue from TV, mobile and digital rights deals totaled $100 million for the latest season, of which teams split an 80% share equally. They also divvied up 60% of the $40 million in league sponsorships, including a cool $10 million from the leagues title sponsor, DLF, Indias largest real estate firm, and $5. million from motorbike maker Hero Honda. Despite playing 5,000 miles away, Indian companies actually increased spending on team sponsorships, which grew by 60% to a collective $60 million. Ground staff scurried to change signage before every match so that none of the floating teams advertisers were underrepresented. Ticket sales did not go as smoothly. The move led to a 75% drop in gate receipts, as prices were slashed to fill up stadiums to make the product more appealing on TV. That must have worked: This year, the finals telecast reached 24% more viewers in India than in 2008. Even Modi is surprised by how quickly the league has grown. At the beginning there were not many bidders who were conscious of the fact that the league would succeed, and they had to bid on total blind faith. There was no history, everybody was writing against it, there was no support for it, he says. Then the first season averaged 58,000 fans per match (80% more than a typical Major League Baseball game), and new investors clamored to climb aboard. In February, an ownership group that includes Lachlan Murdoch, the son of media baron Rupert Murdoch, sold a minority stake in the Rajasthan Royals to investors fronted by actress Shilpa Shetty in a deal that reflected the rapid value appreciation. Just last year, the Royals were auctioned for a league-low $67 million over 10 years. While speculation about the IPLs long-term viability drove prices down at the franchise auction, the leagues early success has now translated to unrealistic valuations in the other direction. Not helping is a misguided study frequently cited by cricket officials that calls the IPL a $2 billion business. Perhaps one day, but certainly not yetour cumulative valuation amounts to barely one-fourth of that. Our survey of franchise values is determined by multiples of revenue from continuing operations, except in cases where teams are on the verge of gaining additional money and exposure. Example: The Delhi Daredevils will play for a share of a $6 million purse in the inaugural Twenty20 Champions League this fall, on top of receiving $500,000 just for participating in the tournament. Since up to half of team revenue is accrued by dint of gate receipts, local sponsorships and merchandisingrevenue streams of which teams share little with the leaguemarket size plays a major role in making some franchises more valuable than others. Take the Mumbai Indians, who play before a robust corporate base in Indias largest city. The Indians are the IPLs most valuable team, worth $80 million for the owner, oil and gas giant Reliance Industries and company chairman and largest shareholder Mukesh Ambani, Indias wealthiest man. Sensing Mumbai as the IPLs signature brand, akin to the English footballs Manchester United or baseballs New York Yankees, companies from outside of India, like Adidas ( ADDDY. PK news people ) and MasterCard ( MA news people ), have been quick to sponsor the team. Over two seasons, Mumbais $43 million in revenue tops the IPL. Some of the IPLs cachet comes from its owners: Khan uses the resources of his film company, Red Chillies Entertainment, to promote Kolkata and expand the teams reach into new markets. His strategy is paying off. Polls consistently rank the Knight Riders as Indias most popular team, and theyre already more valuable than two teams that were sold at higher auction prices only a year and a half ago. Such hands-on management is a far cry from the Stanford Super Series, the defunct Twenty20 competition between the English national team and all-stars from around the West Indies that was bankrolled by alleged Ponzi schemer R. Allen Stanford and thought to be competition for the IPL. Instead, after only one year, the SSS joined an alphabet soup of failed cricket ventures, including the IISC, WSC and APC. Cricket has been played internationally for 165 years and was once a contest at the Olympics. With 104 nations as members of crickets governing body, its one of the most popular sports in the world. But before the IPL, professional leagues had never truly been run as a business. Most leagues around the world are operated by nonprofit entities and teams owned by athletic clubs with thousands of members; often, making money is a low priority. Says Donald Lockerbie, chief executive of the USA Cricket Association, [English cricket] is as traditional a sport as there is. Its essentially a club membership drive. National teams have always been crickets top draw. But private franchise ownership coupled with the commercial possibilities of the new, abbreviated version of the game in Indias cricket crazed marketplace has upended the sports established order. Its also made Modi into crickets most influential (if polarizing) figure, for whom profit always trumps tradition. A brash and charismat ic promoter, hes the subcontinents answer to Don King. In April he hired around-the-clock security after reportedly receiving death threats from the mob, the gambling operations of which stood to take a hit from the season moving to South Africa. Unfazed, Modi is already laying the groundwork for the IPLs next chapter. We plan to have another shorter [season] that will move around the world, with a main league that will stay in India, he says. Another plan to boost league coffers is to add more teams. IMGs Wildblood projects expansion as early as 2011 with the IPL adding one or two more squads. Unlike in the early days, bidders will have a sense of the leagues long-term prospects. I think a lot of people discounted the fact that there was any value, Modi says. Not anymore.

Should we discuss cyber communities as real communities Essay Example

Should we discuss cyber communities as real communities Essay Example Should we discuss cyber communities as real communities Paper Should we discuss cyber communities as real communities Paper The internet has become an everyday part of life for the majority of the contemporary society who have the technology and knowledge to access it, and as such new groups known as cyber or virtual communities have developed, living and growing on the world wide web, expanding simultaneously as is evident with real physical societies found in our everyday lives. Is it ok then to discuss these in the same context as each other, or are they entirely different incarnations of human interaction that should be separated and therefore discussed at different ends of the equation that is community? I want first to take a brief look at the history of the Internet, and how it offers the chance for cyber communities to develop. I will hopefully identify a framework for these cyber communities, which I will use to compare them against real life communities and then discuss the similarities and differences and so be able to draw a conclusion as to whether the two types of communities are able to be discussed in the same context. The Internets first appearance was in 1969 with the ARPANET computer network, run by the US Defense Department. The US Government was interested in creating a network that could withstand a nuclear attack. This system was the primary component of the super network that would eventually become the Internet. The first event of the Internet that we know today was in 1974, when Vint Cerf and Bob Khan defined the transmission control protocol (TCP) and Internet protocol (IP) by which information could be packaged addressed and sent to various destinations along a computer network. In 1983 this TCP/IP based Internet was launched across the USA, and has since developed to todays standards, of a global network of 43 million interconnected computers (Gauntlett 2000). Presently, Internet technology enables several forms of interactive networking among users, including traditional activities suggestive of geographic communities, such as town meetings, exchanging information, discussing problems, and informal chatting. Forms of these communities include; Email, Multi-user Dimensions (MUDs), Chat channels (rooms) Conferencing systems/ Bulletin Board Systems (BBS)/ Information Services. These are just a handful of the most popular communication techniques widely available on the Internet. Access to the Internet and these services is provided through commercial Internet Service Providers (ISPs) such as America Online (AOL) that offer a range of member services in addition to Internet access. The WELL provides a vivid example of the capability of online groups to facilitate sustained and meaningful interaction among members. ( harvardlawreview. org/issues/112/7_1586. htm#fn35 Accessed 23/04/03) The WELL is a large conferencing system, centered in the San Francisco Bay area; it was established in 1985 and has grown to become a vibrant online community where many topics and aspects of everyday life are discussed (Gauntlett 2000). Howard Rheingold has been actively interested in the topic of virtual (cyber) communities since the early days of the Internet and especially the topic of the WELL, I will use examples taken from his book The Virtual Community and other scholars of the subject to help analyze the idea of the cyber community and its links to real communities. At this point I would like to clarify exactly what I mean when talking about community, and what the definition of a community is in the context of this essay. I will use a simple definition, often accustomed to the debate about virtual communities. Aaron Davidson states When Internet critics speak of community, they refer to the definition of community as a group of people who live together in close physical proximity, I will refer to this type of community as a Classic Community. The more general essence of community is a group of people, which share a common interest. This more flexible definition encompasses both physical communities as well as more intangible communities such as special interest clubs and online communities (http://spaz. ca/aaron/school/online. html Accessed 20/04/03). This definition of community translates that a classical real life community is a group of people who are geographically local to each other and so form bonds due to location and not necessarily interests, such as street parties, or communal bonfires and firework shows. The non-classical internet community is when people group together in a non-physical text based platform due to a common interest on a certain subject, such as a military vehicle web ring or music group discussions. Taylor (1982) states the core attributes that are (or should be) possessed by all communities to some extent are, common beliefs and values, direct and many-sided relationships between members, and reciprocity and communication. While shared values and beliefs generally promote communication, the presence of communication does not necessarily result in shared values. This has a key implication for the creation of cyber communities as unlike real life communities people accessing them do so for the topic, such as health, music or films and through this shared affinity for the subject communication is initiated, while some might access purely for communication and not information, they are going to try and generate conversation within the topic range they are interested in (Rheingold 2000). I will now try to categorize a framework of characteristics that would be associated with a cyber community, and how these differ from their real life counterparts. I located several definitions from different writers on the characteristics, which an online community has, but they all seem to be able to be grouped together under five headings. The first is that they are spatial, in that they are not restrained by geography, the community is able to be built and developed not only on a national scale but more on an international scale now, and not just within the close geographical proximities experienced by real world communities. They are developed around an understanding or appreciation of a topic, which brings people together, which may or may not have known each other prior to the discussion, while real life communities are often forced together either through the location of residence or through working ties. Virtual communities such as the WELL for example grew within a region of America (San Francisco Bay) but to become a member you dont have to live in San Francisco to participate in the community and the building of bonds within it (Rheingold 2000). The second is that virtual communities are asynchronous, in that communication doesnt have to take place in real time, unless the community is built within a chat room environment, but even in this environment they often facilitate the use of a message board for users to access. Messages and information can be posted and replies received days later (Castells 2001). For sustained communication to take place in the real world at least two people are needed at the same time, even if not at the same location via telephone. Third due to the lack of data able to be sent the communities are predominantly text based. For decades, online communities were built with nothing more than unformatted text. Web-based media bring inline graphics, animations, video, sounds, formatted text, and links into the conversation, creating a more dynamic ability to communicate with other users, and therefore enhancing the community being developed (Jones 1997). Real life communities are able to be built not just on text (speech) but also through the use of paralinguistic features, these non verbal gestures help to add meaning, and the impact of a face to face discussion is amplified due to facial features which are not evident in the computer world, but can be expressed as text (Jones 1997). The Fourth characteristic is that they are astigmatic, in those physical attributes such as race, gender, and physical impairments, which would often locate an individual in certain social standings in real life, are not present on the c yber communities. Religion is also not an important issue in virtual communities. These aspects not only shape our social standing but can inhibit our involvement in social gatherings and communal events simply because we are not aesthetically matched, but in the virtual world these impairments, and characteristics do not affect our acceptance and do not need to be made public unless the individual chooses to do so. People whose physical handicaps make it difficult to form new friendships find that virtual communities treat them as they always wanted to be treated as thinkers and transmitters of ideas and feeling beings, not carnal vessels with a certain appearance and way of walking and talking (or not walking and not talking) ( eff. org/Net_culture/Virtual_community/slice_of_life. article Accessed 22/04/03). The fifth key feature of a virtual community is that the members of a virtual community are anonymous from each other, unless they choose to meet in person. Unlike in real life where face to face interaction leads to people being able to recognize outside of the community environment, while community members on the virtual plain would not recognize each other if passing in the street. This ability to remain anonymous from other users offers virtual citizens the ability to create their own virtual identity and mold their appearance as they see fit, playing out fantasies online (Castells 2001). This can be seen with a quote from the blockbuster movie The Matrix where Neo and Morpheus are discussing the Matrix and how it offers Neo and the users the chance to portray their residual self image, the mental projection of your digital self as Morpheus quotes to Neo. This is the same in a virtual community where members are able to portray themselves as they wish others to see them; whether truthful or false the anonymity provided by the virtual community allows freedom from physical flaws present in their real life personas (Jones 1997). That was the five key characteristics identified by many people as to what makes a virtual community different from a real life example. Another characteristic that is evident with online communication is the fact that it can be conducted on a many to many basis. This is different from the format of few to many associated with a broadcast, or one to one such as telephone conversation. Virtual communities offer groups of people the ability to communicate with many others simultaneously. A brief over view of the characteristics of a virtual community shows as that they are not bound by geography, but are bonded together by interests and bonds formed through these interests. Communication doesnt have to be undertaken in real time, and is predominantly text based. No physical or religious pre conceived prejudices are experienced as members are able to remain anonymous from each other in the real world and so any physical attributes or religious beliefs are made public to fellow members through the free choice of the individual. Finally communication can be carried out on a many to many interaction with lots of people contributing to the discussion if and when they feel they should. The difference between real life and cyber (virtual) communities are evident then, but is this the end of the discussion as to whether they should or shouldnt be classed as real? Possibly the most significant aspect of these more mainstream uses of the Internet is not their status as alternative communities, but the opportunities they offer for individuals to supplement their lives in real world communities ( arvardlawreview. org/issues/112/7_1586. htm#fn35 Accessed 20/04/03). Cyber communities are often seen and categorized in this way as an extension of our communal lives and that they extend our real life communities to new levels. Ray Oldenburg (1991) states that there are three essential places in every persons life, the place they live, the place they work, and the place they gather for conviviality. Virtual communities can fulfill the role of the third place re-matting the fabric of community spirit, which has been lost in the modern real world where community bonds are being eroded. The ability to network, gain knowledge, or find communion within cyberspace is, according to Rheingold (2000), the social glue that binds formerly isolated individuals into a community ( well. com/user/hlr/texts/VCcivil. html Accessed 22/04/03). I tend to agree with this finding that cyber communities do not stand-alone but are interwoven with our real life communal experiences, and so I feel to a certain extent they should be discussed as real communities, but with an air of caution when doing so. The key difference between the cyber and real community is the context of the plain they are built on, whether it being physical or virtual. They both exist together with real world topics being the basis for many of the interactions experienced within there cyber counterparts, further leads me to the view that they presently only fulfill the role of enhancing or communal lives in real life. The key similarity between the two community environments is the constant communication, forming links and bonds, however the initiation process in cyber communities is also different. In traditional kinds of communities, we are accustomed to meeting people, then getting to know them; in virtual communities, you can get to know people and then choose to meet them. In some cases, you can get to know people who you might never meet on the physical plain (Rheingold 2000). The point that cyber communities can exist as asynchronous is contested by Jones (1997), saying that synchronicity when users interact at the same time such as in a chat room, the occupants are less interested in the topic but more so in the individual doing the talking, less interested in text than in community. This offers the argument that not all communication on the internet is communal, and only the real time chat room environments when people discuss and form real time bonds with one another in quick fire conversations does the feeling of community really exist. From my experiences on the Internet and especially in chat rooms I would have to agree with this. When I post a message on a guest book or message board, I dont get a feeling interaction with others, but within the environment of a chat room I am able to build bonds, and return to them at later dates with a sense, if only small at first of knowing the other users of the room. Jones (1997) also accounts for this and the issue of free riding, where he quotes Ostrom (1990) identified free riding as the key threat to community formation and well-being, free riders being surfers of the Internet who do not participate in the community but simply use it for its resources. I have outlined here some of the theories and thoughts offered on the subject of cyber communities and I want to know draw them all together and conclude this writing. For cyber communities to be discussed in the same context as real world examples there is the point that they offer the user a sense of belonging, albeit a different one from the real world. They also incorporate a large amount of people, all communicating and sharing experiences with each other, which is the same as in the traditional physical communities. Cyber communities are built around a shared value or interests, you are able to choose to join the community or not, you are not forced into it through work or residence. This point offers the question of how strong the bonds are between the people, simply because they have a shared interest in a certain topic, the commitment to one another in the cyber realm compared to the real world is a lot weaker, as Jones (1997) states, in the book, Virtual culture. People who communicate via words on a screen dont necessarily share the same level of commitment to each other in real life as more traditional communities. Communities can emerge from and exist within computer-linked groups, but that technical linkage of electronic personae is not sufficient to create a community (Jones 1997). Howard Rheingold states brilliantly one of the key advantages of partaking in a virtual community, life will be happier for the on-line individual because the people with whom one interacts most strongly will be selected more by commonality of interests and goals than by accidents of proximity(Rheingold 2000). For the feeling of community to exist the key attribute identified through my study is the need for sustained communication between the members. I will use the following quote from The Electronic Frontier Foundation website to sum up the conclusion of this study. When a group of people remains in communication with one another for extended periods of time, the question of whether it is a community arises. Virtual communities might be real communities, they might be pseudocommunities, or they might be something entirely new in the realm of social contracts, but they are in part a response to the hunger for community that has followed the disintegration of traditional communities around the world ( ff. org/Net_culture/Virtual_community/slice_of_life. article Accessed 20/04/03). Therefore cyber communities are real communities, they are very similar, where links and bonds are formed in a non-physical environment, and that these cyber communities should be discussed in the same context as real life examples but not separately but as an extension of our physical communal lives.

System operation management Essay Example | Topics and Well Written Essays - 2000 words

System operation management - Essay Example This is a picture that extends to other sectors of the economy, whether it is the tourism industry, where some tourists get guidance from a digital tour guide, or one that is physically present. In the production sector, the use of computers in the process gets more prominent by the day (Katz & Koutroumpiz 2012). This section of the paper examines the importance of digitization to the manufacturing sector. The manufacturing industry forms the largest source of revenue for many economies in the world, especially first world economies (Friedrich et al. 2011). As mentioned earlier, the production industry has been privy to rapid digitization over the past few decades. This means that there is the use of intelligent machinery in place of human labour. Economists all over the world have had debates on the consequences of this. This is because, even though digitization means a more sophisticated production process, there is the fact that the introduction of intelligent equipment to the pro duction chain implies that there are fewer jobs for human labourers (Karim et al 2013). Despite this negative consequence of digitization, the positive implications of a digitized manufacturing industry are vast. ... This for the manufacturing industry means higher rates of production at lower costs (Sabbagh et al. 2012). In addition, machines can work for longer periods than human labour can; hence, the increased levels of production. Secondly, digitization in the manufacturing industry has revolutionized the method by which companies communicate with customers and stakeholders, and how they create brands (Karim et al. 2013). In the second economy, companies have learnt to rely more and more on social media for service production. One way in which this is made possible in the manufacturing industry is by providing avenues for customers to voice their opinions on certain products on social media, for example, on twitter. This enhances communication with the necessary clients and works towards building a brand. Another way in which the digital economy proves useful for communication is by providing consumers with the option to order custom-made products from manufacturers and, therefore, enhance c ustomer satisfaction (Sabbagh et al. 2012). Another advantage of a digitized economy over a physical economy is the way in which digitization has revolutionized operations. It is said that in America, one in four workers engage in telecommunication while at work (Katz & Koutroumpis 2012). Across the world, members of different companies have a means through which they reach workers in other continents. The effect that this has is that it increases competition between various organizations. In addition, companies are able to outsource some of their functions to companies in far away locations. This enhances efficiency across the manufacturing industry. Digitization is important for each aspect the manufacturing industry. In production, the

Evidence to Critically Discuss the Potential Consequences of Essay

Evidence to Critically Discuss the Potential Consequences of Implementing ERP Systems - Essay Example into a single information system5, ensure that financial data is consistent with other departments on a real-time basis6, improve resource planning, enhance the integration of global and supply chain system, and requires less computer applications7. Most of the routine accounting tasks will no longer be necessary8. Therefore, it is expected that there will be lesser cost on hiring accounting staff. Furthermore, the use of ERP can help reduce the risk of data redundancy. Therefore, problems related to financial integrity is possible. Due to the fact that real-time financial data will be available anytime of the day, managers can easily make important business decisions9. Despite the advantages of implementing ERPs, the use of this technology can be very costly because of the need to maintain and upgrade the system, hire additional consultants and technical experts who can convert existing data and customize the system based on the nature of business10. Aside from the need to re-train people on how to maximize the use of ERP system, the company also need to consider the need to change their normal business process. 11. Implementing the use of ERP could result to lesser accounting personnel by eliminating routine jobs12. Because of fear of losing their job security, implementing ERP increases the risk of creating resistance-to-change among its people13. As a result, there is a risk wherein internal problem such as work-related attitude and behaviour would arise. How the Role of Management Accountants Change when ERPs were Introduced Ever since the ERP has been introduced in the market, the role of management accountants has been subject to a lot of changes. Instead of focusing on pure book-keeping practices, management accountants who are obliged to use the ERP system are expected to play the role of an â€Å"internal consultant† to the business14. It means that management accountants should one way or the other serve as the financial adviser of the company. Through the use of ERP system, the future book-keeping would definitely become automated in terms of data collection15. Even though management accountants are expected to retain their knowledge in book-keeping, the future role of management accountants is not limited to having a vast knowledge and understanding about the basic business management theories and practices but also strive hard to improve their communication skills, interpersonal skills, consulting skills, IT skills, and ability to work in team16. Associated with the implementation of ERP system, the line managers are somehow expected to play a significant role in the management of allocated financial budget17. To ensure that the management accountants will be able to allocate sufficient budget to line managers, the management accountants should be able to forecast necessary budget based on historical data18. One of the main reasons why management accountants should acquire sufficient knowledge and skills in business management is because of their need to constantly communicate and interact with a group of business managers with regards to several bu siness issues19. By doing so, management accountants will be able to gain better understanding on how different business indicators can be used in gauging the overall business performance. In the process of learning more about how the daily business operations work, management accoun

The American Electoral System Essay Example for Free

The American Electoral System Essay The American electoral system is essentially based on political efficiency and partial representation. Political efficiency may be defined as expedient balance between imminent interests. Partial representation means instructional politics. These two principles govern the interest-aggregation process, and in general, political dynamics in democratic countries. Background At the Constitutional Convention, the Virginia Plan was used as the basis for discussion and debate. The Virginia Plan called for the executive to be chosen by the legislature (by open ballot). Delegates from the majority of states agreed to this method of election. However, the so-called ‘Committee of Eleven’ formed to labor out details which included the mode of election of the executive. The committee recommended that the election be by a group of people apportioned among the states in the same numbers as representatives in the US Congress. This group of people would be chosen by each state, in a way determined by the Legislative branch. Gouverneur Morris explained the factors for the change. Among the factors were as follows: 1) fear that the president would be chosen by a small group of men who met regularly in ‘evening sessions,’ 2) equal parity among states, and 3) popular elections as mediums for extreme and irresponsible demagoguery. On the 6th of September 1787, the Convention approved the Committee’s proposal with some opposition from delegates who preferred popular election. The move was based on the belief that the state government must be a derivative of state sovereignty. As O’Neil argued: The theory of State sovereignty was assumed as true and valid by all states. The Massachusetts constitution of 1780 declares that the people of that ‘commonwealth have the sole and exclusive right of governing themselves as a free, sovereign, and independent State’ with certain limitations there laid down (3). The move was also based on reactionary ideology. Southern politicians feared that the ‘popular vote’ method would lead ‘waste of ‘ballot. ’ As O’Neil correctly observed: One reason, purely sectional, existed which made a popular election impossible. The slavery problem was an important element in the framing of any plan. The Southern states, with their system of slave labor, would be threatened with the loss of their relative influence in the nation, because a large portion of their population could not be trusted with the ballot (4). During the framing of the Constitution, the ‘electoral’ system was institutionalized, with its efficient guiding principles and framework. However, it was not without opposition. Some of the founding fathers opposed the move, declaring it as an offshoot of ‘aristocratic’ ordeal – the fruit of reckless political estimation. However, as O’Neil noted: A slight reflection, however, will convince them that this mode is in perfect harmony with the spirit of the United States Constitution. With the exception of the members of the House of Representatives, no person holding office under the United States government derives his appointment directly from the people (2). The Term ‘Electoral College’ The term ‘Electoral College’ was never used to describe the general vote of the electors. It was not until in the 1800s that the term ‘electoral college’ came into use as the shared designation for the electors chosen to cast votes for the President and Vice President. In 1845, it was formally written into law. The Nature of the Electoral College in its Early Conception. The composition, nature, and role of the Electoral College are defined in the US Constitution, prior to the passage of the 12th Amendment. Article II, Section 1, Clause 2 of the US Constitution states: Each State shall appoint, in such Manner as the Legislature thereof may direct, a Number of Electors, equal to the whole Number of Senators and Representatives to which the State may be entitled in the Congress: but no Senator or Representative, or Person holding an Office of Trust or Profit under the United States, shall be appointed an Elector. In Section 1, Clause 4, the Congress is tasked to determine the time of choosing the electors, and the day on which they shall cast their votes. Note that the day shall be the same throughout the country. In Clause 3 of the same section, it is determined that: The President and Vice President were to be chosen by the electors. Unlike the present system, each elector voted for two people for President, rather than one vote for President and one vote for Vice President. To become President, a candidate had to have more votes than any other and must have received votes from a majority of the electors. After the choosing of the President, the person with the most electoral votes among the remaining candidates would become the Vice President. If no one received a majority of the votes, the decision would be made by the House of Representatives. The form of the Electoral College was based upon several assumptions of the Framers of the Constitution: 1) each state should employ the district system of allocating electors, 2) independent judgment would be observed in the casting of vote of all electors, 3) candidates would not ‘pair together’ on the same ticket, and 4) the system would rarely create a winner, sending the election itself to Congress. The framers of the Constitution intended the Electoral College simply as a body that would nominate candidates from which Congress could select a President and Vice President. Each state government was free to have its own arrangements for selecting its electors. Revision With the rise of political parties and nationally coordinated election campaigns, the system complicated the 1796 and 1800 elections. In the 1796 election, John Adams was elected President, and Thomas Jefferson, Vice President. In 1800, Jefferson and Aaron Burr tied for the first place. Since all votes were for president, Burr’s votes were technically for him even though he was the party’s second option. The Congress remained deadlock for 35 ballots as neither candidate received the majority vote. To resolve the issue, Alexander Hamilton declared his support for Jefferson. Congress elected Jefferson President on the 36th ballot. To avoid this incident from occurring in the future, the US Congress proposed the 12th Amendment. Each elector could only cast one vote for President and one vote for Vice President. The 12th amendment superseded Article II, Section 1, Clause 3 of the Constitution. It was adopted in 1804. Constitutional Theory behind the Electoral System The founding fathers accepted the notion that the President and Vice President are elected as executives of a confederation of independent states. In short, in contrast to ‘popular election’ of members of Congress, the election of both the President and Vice President must be indirect. James Madison argued that the Constitution was created to be a combination of the state-based and population-based government. The US Congress should have two houses: the state-based House of Senate and the population-based House of Representatives. The President would be elected by a combination of the two methods. Madison was fearful of the growing cynicism of factions within the government. He defined faction as a group of citizens (either a majority or minority) who are united by some common or shared impulse of passion or interest detrimental to the rights of other citizens, in general, to the interests of the community. In Republican governments, factions would be generally curtailed because voter rights and powers are widely distributed. In short, the power of the faction would be lessened under a mixed-state set-up of government. In practice, this was short of impossible. As O’Neil noted: A sovereign nation and a limited national government were thought impossible. In rightfully opposing all projects of consolidation of the powers of sovereignty, they naturally fell into the error of opposing plan, which tended to the strengthening of the bonds of union, and the developing of a broader national spirit. Jealous opposition to the granting of too much power to the general government led them to oppose a plan electing a President which would make him the representative of the whole nation (4). Mechanics of the System When a citizen votes for a presidential candidate, that citizen is really instructing the electors to cast their votes for the same candidate. Suppose that the citizen vote for a Republican candidate. The citizen, in essence, is voting for an elector who will be ‘pledged to vote for the Republican candidate. The candidate who wins the popular vote in a state wins all the pledged votes of the state’s electors. Now, each state gets a number of electors equal to its members in the House of Representatives and one for each of its two senators. The District of Columbia gets three electors. State law determines how electors are chosen. In general though, they are selected by the political party committees within the states. A state with eight electors would cast eight votes. Currently, there are 538 electors. The majority vote is equal to 270 (requirement to be elected). In general, because Electoral College Representation is based on congressional allocation, states with larger populations get more Electoral votes. Suppose that none of the candidates win the required 270 electoral votes, the 12th Amendment require the election to be decided by the House of Representatives. Combined votes of each state are equivalent to one vote. A simple majority is required to be elected. It is possible for an elector to defect and not vote for the party’s candidate, because the Constitution does not require them to do so. However, such change in political attitude rarely affects the outcome of the election. In some states, ‘defector’ electors are prohibited from casting their votes. Nomination, Disqualification, and Meetings of Electors State political parties nominate candidates for electors months prior to the Election Day. The US constitution delegates to the state the authority for nominating and choosing its electors. In some states, electors are nominated through primaries. In some states, electors are nominated through party conventions. In other states, campaign committees of each candidate name their candidates for presidential elector. The Constitution prohibits person holding a federal office from being elected or appointed as elector. Note that a person who holds an office has sworn an oath to support the United States Constitution in order to hold either a state or federal office. When such person serves in the Electoral College, such individual is in theory rebelling against the United States. The congress though may remove this ‘function’ by two-thirds vote in each house. State legislatures determine how its electors are to be chosen. All states choose electors by popular election on the date specified by federal law. Forty eight states and Washington D. C. utilize the winner take all method – each awarding its electors as a single bloc. In other states, state legislatures select one elector within each congressional district by popular vote, and select the remaining two by statewide election. In the ‘short-ballot’ system, voters choose among a list of candidates for the associated elector. At present, only a few states list the names of the electors on the ballot. In other states, the voter is required to write-in names of candidates for elector. On Election Day, the electors meet in their respective state capital to cast their electoral votes on separate ballots for President and Vice President. Unlike the College of Cardinals, the Electoral College does not meet as one body. Congress has constitutional authority to regular the procedures in use. The election certification official opens the meeting and read the Certificate of Ascertainment. The document states the name of the chosen electors. Then, there is the selection of a president of the meeting. Sometimes, the electors choose a secretary, to take the minutes of the meeting. At the balloting time, the electors choose people to act as tellers. Each elector submits a ballot with the name of a candidate for President. The tellers count the ballots and announce the result. Then the casting of the vote for Vice President follows. After the voting is complete, the electors certify the Certification of Vote. This document states the number of electoral votes cast for both the President and Vice President. Copies are sent to the Senate President. Staff member from the Vice President collects the certificates for the joint session of Congress. The Certificates are arranged in alphabetical order. The Congress declares the winner of the election in the joint session. Conclusion The present electoral system of the United States is essentially based on the belief that the President and Vice President are executives of a confederation of independent states. As such, they cannot be directly elected by the people. The advantages of this system are quite obvious. First, it prevents the concentration of power in urban areas. Second, it maintains the federal character of the country. Third, it strengthens the status of minority groups. Fourth, it encourages political stability (political polarization). Fifth, it isolates election problems. And lastly, it maintains a clear line of succession. However, the system has not without criticisms. One criticism states that the electoral system destroys the essence of democratic vote, or in general, the true conception of popular sovereignty. A nation without true sovereignty cannot be nation, as what Burke would argue. In essence, the electoral system enhances the ‘aristocratic’ values of a predicated political system. Works Cited O’Neil, Charles. ‘The American Electoral System. ’ New York: HarperCollins Publishers, 2007. The United States Constitution (and other documents). New York: Macmillan Publishing Company, 1992.

Fashion and Semiotics Essay -- Sociology Semiology Symbolism

Ever since their invention many centuries ago, clothes have been used as a way of communicating. The message communicated relies on a number of factors including the social background of both the communicator and the receiver, and the context in which the message is communicated. Although at times the exact message or symbolism one is trying to portray may not be clear, it is evident that clothing has long been embraced as one of the best ways to project one’s desired personal image to those around them. For many centuries clothing was used namely as a form of symbolising one’s ascribed class and social honour. A good example of this was evident in Feudal European times when sumptuary laws were created in order to regulate and specify the clothing that could be worn by certain classes. In 1463 Edward IV went so far as to ‘[declare] that purple silk was to be the prerogative of the aristocracy’ (Finkelstein 1991, pg. 137). As purple dye and silk were both very expensive and sought after this declaration demonstrated quite simply that those who were in possession of such materials should command respect and were of high social standing. Eventually these laws were abolished as, instead of ‘confining people to their designated rank, the laws provoked an intense interest in fashion and a desire to transgress the codes, both in the process of prestigious emulation and as an act of rebellion’ (Craik, 1994, pg. 205). This abolition allowed groups and individu als to establish their own chosen style or ‘marker’ in order to indicate their place within society. By allowing such freedom, ascribed social status gave way to that which was achieved. This not only meant that many more people were able to engage in the ever-expanding culture of ‘Haute couture’ but also that honour was no longer perceived as a birth right but rather as something that could to be obtained. Such a shift in symbolism provided a way for those of not so noble a birth to portray themselves as the latter through a variety of means such as renting or stealing clothes and buying counterfeit copies (a common occurrence in today’s society also). In the late 18th century the Industrial Revolution occurred causing a huge shift in the ways in which clothing was produced and subsequently altering the ways in which clothing was perceived. For decades preceding industrialisation men and women of high so... ...o contextual influences and past experiences. Therefore it is almost impossible to pre-empt the ways in which others will perceive you. Over time ideas will change and therefore alter the ways in which we look back on past clothing choices. Whilst symbolism in fashion may no longer be subject to laws as it was in the 14th century or defined by strict social rules in the 17th century, the clothes we wear are still today subject to imposed social ideals. Apart from distinguishing one status group from another, a style of dress may also aid group cohesiveness, provide the individual with an identity and a feeling of belonging, and communicate the wearer’s attitudes and interests. The ways in which we interpret others and present ourselves for interpretation is the only true way that we can be individual. Symbolism in clothing may not seem as obvious or important nowadays as it was in times of extreme social bigotry, but it is still highly prevalent and has remained one of the most effective ways to project our desired image to those around us. ‘The state of a person’s clothes is synonymous with self respect and is a sign of responsibility’ (www. Pemberley.com/janeinfo/vebleis7.html)

Fiscal Federalism in Nigeria Essay

The question of an acceptable formula for revenue sharing among the component tiers of the Nigerian nation is one of the most protracted and controversial debates in the political and macroeconomic management of the economy. This debate has its foundations in the history and evolution of the Nigerian federation. â€Å"Revenue allocation or the statutory distribution of revenue from the Federation Account among the different levels of government has been one of the most contentious and controversial issues in the nation’s political life. So contentious has the matter been that none of the formulae evolved at various times by a commission or by decree under different regimes since 1964 has gained general acceptability among the component units of the country. Indeed, the issue, like a recurring decimal, has painfully remained the first problem that nearly every incoming regime has had to grapple with since independence. In the process, as many as thirteen different attempts have been made in devising an acceptable revenue allocation formula, each of which is more remembered for the controversies it generated than issues settled† Fiscal federalism refers to the scope and structure of the tiers of government responsibilities and functions as well as the allocation of resources among the tiers of government. Perhaps the most important issue of fiscal federalism is the revenue allocation formula, the sharing of national revenue among the various tiers of government (vertical revenue sharing) as well as the distribution of revenue among the state governments (that is, horizontal revenue allocation). The centralization of Nigeria’s fiscal federalism began with the report of the Dina Commission (1968) which argued that an appropriate revenue allocation system should result in a more equitable distribution of revenue among the states to achieve a balanced development of the federation. Revenue allocation can be described as a method(s) of sharing the centrally generated revenue among the different tiers of government and how the amount allocated to a particular tier is shared among its components. Nigeria is a federal state – under the federal system of government, federation or centrally-generated revenue is shared among the three levels of government, namely; the federal government, the states and the local governments. The theory of revenue sharing in a federal state is that each level of government receives an allocation of financial resources tailored to their specific requirements as defined by the mandate of legislative competence, their actual situation and the statutory indices of calculation. In Nigeria, decisions as to what proportion of centrally-generated revenue that would be retained by the federal government, the proportion that will be shared among the state governments and the proportion that will go to the local government has always been a problem, due to the fact that there is no consensus of opinion as to what could be seen as an ideal formula. The principles that guide the implementation of intergovernmental fiscal relations include: (a) The Principle of Diversity: The federal system must have the ability to accommodate a large variety of diversities. Hence, the fiscal system must provide scope for variety and differences to supply national, regional and local public goods. (b) The Principle of Equivalence: Based on the geographical incidence of different public goods, allocative efficiency requires the equalization of locational advantages arising from inter-jurisdictional differences with a combination of taxes and public goods and services. This requires the use of fiscal instruments for achieving macroeconomic objectives of growth, stabilization and full employment by residents of different geopolitical units; this requirement controls for what is often referred to as â€Å"central city exploitation thesis†. (d) Minimum Provision of Essential Goods and Services: This ensures that fiscal federalism guarantees all citizens, irrespective of where they reside, the minimum provision of ertain basic public goods and services. (e) Principle of Fiscal Equalization: In order to ensure a minimum level of public goods and services same degree of fiscal equalization is required. This is as a result of differences in resource endowment. (f) The Efficiency Principle: This principle implies that efficiency must be applied in the allocation of resources (g) The Principle of Derivation: The component units of a system should be able to control some of its own resources as they desire. h) The Principle of Locational Neutrality: Interregional fiscal differences tend to influence location choices of individuals and firms. Therefore, policy should focus on minimizing distortions due to some interference. Hence, differential taxes which create locational distortions should be avoided as much as practicable. (i) The Principle of Centralized Redistribution: This principle states that the redistribution function of fiscal policy through progressive taxation and expenditure programmes should be centralized at the federal level. That is, if the redistributive function is decentralized, it can result in distortions in location decisions. It should be noted that the above principles are not mutually consistent. There are several challenges and contending issues confronting intergovernmental fiscal relations in Nigeria: 1) Non – Correspondence Problem Ideally, each level of government should be given adequate resources to allow it discharge its responsibilities. Because this is not possible, there is usually a lack of correspondence between the spending responsibilities and the tax powers/revenue sources assigned to different levels of government. It is this incongruence that is often referred to as the non-correspondence problem. In Nigeria, most of the major sources of revenue come under the jurisdiction of the federal government yet lower levels of government are supposed to generate internal revenue. There is, therefore, the need to resolve the imbalance between assigned functions and tax powers. The issues concerning fiscal relations among the constituent units of the Nigerian federation that remain mostly unresolved are the divergence between assigned functions and tax powers, principle of horizontal and vertical revenue allocation, dependence of states and local governments on federal sources of funding, tendency towards concentration and federal presence in the states (Fadahunsi, 1998). The five principles currently applied in the horizontal revenue allocation formula are far from acceptable to all the stakeholders. 2) Fiscal Autonomy and Independence The issue of relative fiscal autonomy and independence of the state and local governments in a true federal structure goes with the corollary issue of the correspondence of governmental functions and revenue sources. Since the creation of the twelve-state structure in 1967, states and local governments have been excessively dependent on the Federation Account. This independence must be reduced if the federating units are to be free to pursue their own development goals without being hampered by the unpredictable fluctuations in their shares of the Federation Account. It is important that revenue sources should be reallocated and made compatible with the fluctuations stated for each tier of government to enhance steady and proper funding of administrative and developmental activities instead of the often experienced unexpected financial constrictions at the two lower tiers of government. 3) Oil Producing States, Oil Producing Local Government Administrative Areas or Communities Professor Omo Omoruyi in his treatise â€Å"the Politics of Oil: who owns the oil, Nigeria, states or communities† (2000) raised three salient questions on true ownership of oil in Nigeria. The question of local control over local resources is an established constitutional principle in federal systems. But the way the Nigerian federal system developed under the external colonial order (1954-60) and continued under the period of geo-ethno-military internal colonial order (1960-1999) and in the democratic dispensation between 1999 to date is yet an unresolved contending issues in the discourse about Nigeria’s federalism. He challenged the â€Å"Tripod† approach to Nigeria’s problem where the three major ethnic nationalities decide the content and the trend of national issues. This tripod approach to Nigerian politics, should have been done away with by now, with the introduction of the notion of ‘federal character’, which takes states in the federation as the units of representation. The tripod approach to Nigerian politics applies to how the oil, which comes from the non-majority areas, is approached in the political and economic discourse. We should also be aware of the feeling among the majority ethnic nationalities that the areas producing oil by virtue of powerlessness in the military and politics should not be allowed to lay claim to the oil from their areas as of right†. However, theres a distinction between oil producing communities and oil producing states. This is the basis of the activities of the Traditional Rulers of the Producing Communities who are dealing with the President and want the money due to states on the basis of the 13% derivation in the Constitution should be paid to the â€Å"oil producing communities/local government areas†. The Traditional Rulers’ argument is that â€Å"communities† own oil and not â€Å"states†. This is an unresolved issue and separates the communities in riverside areas directly affected by oil spillages from their compatriots in landed areas from enjoying the full benefits of allocations to producing states. One does not know the end of this argument. How should the National Assembly address this matter? The federal government should find a way of making the oil producing local government administrative areas as shareholders in the joint venture arrangements with the oil companies, thus making them stakeholders in the oil industry. There was the issue of who should be spending the oil money. Should it be the Nigerian government in conjunction with the oil producing areas? Should it be the oil producing areas alone? The Constitution from 1960 till after the civil war up till 1978 gave the right of ownership to the federal government but the proceeds were shared between the federal government and the regions or states on the basis of derivation like the agricultural crops. 4) Federation Account and the Derivation Fund It is important to define what constitutes the Federation Account – to which the various vertical revenue allocation formulae have been applied and what should be directly financed from it. Up to 1990, the amount accruing yearly to the Federation Account was still over 96% of totally federally collected revenue; but since 1991, when it first dropped to about 75% and nose-dived to around 35% by 1997, it showed no sign of recovery (Olowononi, 1999). It is therefore clear, that in such a situation, whatever the vertical formula applicable, there must still be a serious fiscal imbalance between the ederal government and the two lower tiers of government. It is crucial to redress this revenue imbalance in the spirit of balanced true federalism. What appears to account for this imbalance is the assertion of the self-claimed right by the federal government to finance various first-line charges from the Federation Account before the application of the vertical formula. The first-line charges include funding for external debt service, national priority projects, NNPC priority projects, special reserve account, and excess proceeds of the crude oil sales account, and in addition, the joint venture cash calls account. These deductions are made from the proceeds of crude oil sales before the derivation fund in the Federation Account is arrived at, and after which further deductions for special funds and the funding of the federal capital territory are made. It will seem more logical, with the exception of the joint venture case calls, that these various charges which are federal government obligations be financed solely from the federal government’s revenue proper, that is, from its share of the Federation Account or from its revenue from other sources. Therefore, in order to determine what constitutes the derivation fund, resolving the issue of the Federation Account is crucial. Thereafter, the derivation formula to be utilized can be arrived at. 5) Oil – Producing Areas and the Derivation Principle The crude oil production has been the most important economic activity in the Nigerian economy since the early 1970s is not subject to debate. Its impact is not limited to its contributing almost 90% of Nigeria’s total foreign exchange earnings but also to the fact that the national budgets are predicated on the expected annual production and price of crude oil.