Tuesday, April 14, 2020
The James Lange theory Essay Example
The James Lange theory Paper The world is a big place, filled with people full of curiosity and with their own individual quests. People are constantly talking, looking, hearing, smelling, and gaining knowledge from things and people from their environment. The scope of knowledge gained on a day to day basis is therefore vast. To what extent though, is this knowledge we acquire true? People are constantly seeking for answers to their questions or solutions to their problems; in a way, they seek a pathway to truth. The quote: rather than love, than money, than faith, than fame, than fairnessgive me truth (Thoreau) justifies that truth is a necessity of life and every man seeks it to distinguish between reality and fantasy. To understand truth, we need to know its three basic theories. The correspondence theory states that a statement is true if it corresponds to a fact. The Coherence theory says that a proposition is true if it fits in with our overall sets of belief. Finally, the pragmatic theory states that a proposition is true if it is useful or works in practice. We will use these three theories to understand when our senses can be trusted to give us the truth. We will write a custom essay sample on The James Lange theory specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The James Lange theory specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The James Lange theory specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The human species are said to have the weakest of all senses in terms of potency because they can be easily deceived. Perception is a very sophisticated issue because not everything we perceive is real. Optical illusion for sight, not hearing low and high frequency sounds, knowing what a thing tastes like because of its label or the fact we know what it is, not being able to differentiate between different smells, and the reflex reaction for the sense of touch are vivid examples of how things we perceive through our senses sometimes differs from objective reality. We can simplify this by saying that senses just provide the raw information which is then processed through knowledge in the brain to give us a clear and bigger meaning of that information that we believe is true. Therefore, our senses themselves cannot be relied upon to give us the truth. Ultimately, we can never know the absolute truth but only get relatively close to it by combining our senses along with the ways of knowledge- this is the only time we should trust our senses to give us truth. Before getting into details of when we should trust our senses to give us truth, let us look at a classic example of Helen Heller. Even though she was not born blind and deaf, a disease led her to the pit of blackness at a very young age. She was the first deaf blind person to graduate from college. Sight and hearing are considered to be the most important of all senses because it is these that shed light on the outside world and help us stay in touch with our surroundings and communicate with the society around us. Helen proved that her senses were not the only requirements to know the events and survive in the bustling world around her, but language, emotions, perception, and reason- the ways of knowing are equally crucial in order to perceive the truth. Language is a human mode of communication that is not limited to verbal speech only; but also includes visual, auditory, or symbols that can be easily manipulated. Language is constantly surrounding us: when we describe something, express our feelings, write, point out at something, make a sad droopy face, or even when we touch someone or something. Language is one of the main ways by which we acquire knowledge from the world around us and is one of the many pathways that leads to truth because it is through language that we can express our beliefs. Language can also be seen in plants (chemically) and animals (special gestures or sounds through positive reinforcement) furthermore proving how involved it is in our day to day basis. A person like Helen Keller came to communicate by the sense of touch when she realized that motions her teacher was making on her palm, while running cool water over her hand, symbolized the idea of water. Because she was blind and deaf, she had no idea of the concept of language, words, or how to express herself. She found a way around this complication by the means of language through her sense of touch. She used the Tadoma method of touching the lips and throat of others as they speak, combined with fingerspelling letters on the palm. Therefore, she made the sense of touch her mode of communication (her language) and used it in her day to day life to acquire knowledge from the world of underlying facts around her. Over her years of experience and practice, she obtained a set of beliefs that unveiled the blackness and shed light on the world of facts around her, thus applying to the theories of truth. The Eskimo-Aleut language has a hundred words for the word snow; therefore they see the truth in much more detail because of the deeper meaning than other people who do not speak the language. Words can also mean different things in other languages and expressions (body language) can be easily misinterpreted. This is why in order to get the truth, one needs experience with language; this might take a long time but would take us closer to the ultimate truth. Emotions are often deceiving and can seem as an obstacle to the truth we seek. According to the James Lange theory, emotions are generally physical in nature and it is these that trick our senses. This suggests the weak property of emotions because it can be easily hindered due to our physical nature. For instance, if we are deserted on an island and have not eaten or drank anything for quite some time, our emotions kick in causing us to hallucinate and even the slightest sound would cause us to be suspicious. However, if the source of the problem was dealt to (hunger and thirst), then no such thing would happen. It is also because of emotions that our reasoning skills weaken.
Thursday, March 12, 2020
Understanging the Parallel Structure of English
Understanging the Parallel Structure of English One of the most common writing mistakes in more advanced English learners writing is parallel structure. Parallel structure refers to structures which are repeated because they are connected by words such as: and, but, and or. These connecting words are referred to as coordinating conjunctions. Here are a few examples of correct parallel structure. Tom enjoys taking hikes, riding his bicycle and paragliding in his free time.I went home, took a shower, changed my clothes and ate some lunch. Here are the same two sentences using incorrect parallel structure: Tom enjoys taking hikes, to ride his bicycle and paraglide in his free time.I went home, take a shower, change my clothes and eat some lunch. In both cases, there is a mistake in parallel structure. Notice how the verb forms in the correct version of the two sentences use the same verb form. In the incorrect version of the sentences, the verb forms are varied. Parallel structure refers to the same structure repeating throughout a sentence. In other words, if the gerund form (ing form) of a verb is used after one verb, all the listed verbs also take the gerund form. Remember:à If you are listing verbs after the main verb, keep the verbs in the same form. (verb infinitive, verb gerund) He hopes to play, eat and get some rest.She enjoys listening to music, reading novels and playing tennis.He would like to have some lunch, study and then play the piano. If you are conjugating a number of verbs to relate a story for the same subject, use the same tense. We went to church, bought some lunch, came home, ate and took a nap. There are also other types of parallel structure mistakes. Which two types of mistakes in the parallel structure do you think are made in these sentences? Bob drove carelessly, quickly and in a reckless manner.Peter mentioned that he wanted to go home, that he needed a shower, and go to sleep. ... and the correct versions of the sentences: Bob drove carelessly, quickly and recklessly.Peter mentioned that he wanted toà go home, that he needed a shower, and wanted to go to sleep. In the first sentence, adverbs are being used in a list and should continue, rather than injecting an adjective. carelessly, quickly, recklessly, ruthlessly, etc. RATHER THAN carelessly, quickly, and in a reckless (adjective) manner. In the second sentence, the dependent clauses are used that he wanted to go home... that he needed a shower, etc. and should continue in the same manner. Notice also that the verb used in the third clause of this string of clauses is in the present tense, rather than the past as the other clauses. Here is another example of a similar adjective mistake in parallel structure. Which adjective is incorrect? Why? Jennifer appears to be tired, distracted and upsetting. If you answered upsetting, you are correct. The first two adjectives tired and distracted refer to the state that affects Jennifer. In other words, she feels tired and distracted. Upsetting refers to the effect that she has on someone else. Jennifer is upsetting to Jim. In this case, the intent is that Jennifer appears tired, distracted AND upset. All three adjectives refer to how she feels, rather than the effect she has on someone else. Double-Check for Mistakes in Parallel Structure A good way to check for mistakes in the parallel structure is to look for anything you list using commasà and make sure the list of equal elements are all in the same form. Parallel Structure Exercise Identify and correct the mistakes in a parallel structure in the following sentences.à Alex decided to get up early, go jogging, eat a healthy breakfast and got ready for school.I wish he would listen to his father, take his advice, and applied for a job.James stopped smoking, drinking and to eat too much.Jason invited Tim, her, they and Peter to the wedding.He is an articulate, thoughtful, and meaningfully speaker.Alexander did her homework, cleaned her room, but doesnt play the piano.The politicians hope to clean up, and modernizing this city.Eating healthy food, drinking lots of water and get exercise improves your quality of life.The teachers had graded the tests, completed the reports and meeting with parents before they went on summer vacation.Sheila misses seeing Tom, going on long walks with her friends, and played football. Answers: Alex decided to get up early, go jogging, eat a healthy breakfast andà getà ready for school.I wish he would listen to his father, take his advice, andà applyà for a job.James stopped smoking, drinking and toà eatingà too much.Jason invited Tim, her,à themà and Peter to the wedding.He is an articulate, thoughtful, andà meaningfulà speaker.Alexander did her homework, cleaned her room, butà didntà play the piano.The politicians hope to cleanà up andà modernizeà this city.Eating healthy food, drinking lots of water andà gettingà exercise improves your quality of life.The teachers had graded the tests, completed the reports andà metà with parents before they went on summer vacation.Sheila misses seeing Tom, going on long walks with her friends, andà playingà football.
Monday, February 24, 2020
Geology Volcanoes&Earthquake Assignment1 Assignment
Geology Volcanoes&Earthquake Assignment1 - Assignment Example They occur in clusters and linear chains all over the world. Regardless of few exceptions to this rule, most take place in lines that are curved, as opposed to circular ones. The two common patterns that they form called the ring of fire and the mid-ocean ridges (Oxlade 12). Plate tectonics explain the movement of plates around the earth but are different from continental drift. They elucidate why ocean basins are in existence. The earthââ¬â¢s crust, according to the theory of tectonics, occurs in two forms: continental crust and oceanic crust. The latter is rigid, dense, and brittle as opposed to continental crust. It breaks into separate slabs also known as plates (McKay, ââ¬Å"Plate Tectonic Settingsâ⬠1). On the other hand, many rocks that have conjoined over billions of years or geologic time make the continental crust. They are less dense, and can deform or change much easier explaining their complication and uncertainties. Summing it all up, hot gases and material emanate from the mid-oceanic ridges while cool material goes down at subduction areas, and it is at the plate boundaries that volcanoes take place (McKay, ââ¬Å"Subduction Zonesâ⬠1). Volcanoes erupt as fresh magma from the center of the earth rises up through weak areas or zones and consequently reaching the crest of ridges to develop novel oceanic crust. This process referred to as seafloor spreading, took place many years ago, and it led to long mid-oceanic system of ridges (McKay, ââ¬Å"The Basics of Plate Tectonicsâ⬠1). The website, blackboard learn, is a modernized platform that offers easy access, navigation, organization, and illustration of learning material. The siteââ¬â¢s contents are well organized, and students can easily follow the direction of the course without supervision, assistance, or any trouble. What makes the educational portal even better is the systematic organization of classes
Saturday, February 8, 2020
Keepers of the Future Essay Example | Topics and Well Written Essays - 1250 words
Keepers of the Future - Essay Example The shortage of well-trained, credible teachers who possess the right personal qualities necessary for preschool teachers is becoming widespread.à Government funds simply cannot provide the proper training for them, much less, the salaries and benefits they need.à Hence, it is a sad reality that many children miss out on the benefits of quality care and education.à More basic than education, health of children all over the world, is likewise at risk, as reported by UNICEF (2008) in its report on the State of the Worldââ¬â¢s Children 2009.à These articles have impressed upon me a sorry future for todayââ¬â¢s young children if people will not move to make it better for them. The shortage of well-trained, credible teachers who possess the right personal qualities necessary for preschool teachers is becoming widespread.à Government funds simply cannot provide the proper training for them, much less, the salaries and benefits they need.à Hence, it is a sad reality that many children miss out on the benefits of quality care and education.à More basic than education, health of children all over the world, is likewise at risk, as reported by UNICEF (2008) in its report on the State of the Worldââ¬â¢s Children 2009.à These articles have impressed upon me a sorry future for todayââ¬â¢s young children if people will not move to make it better for them. Third world countries may suffer a more dire reality, depending on the peopleââ¬â¢s priorities.à In the Philippine setting, education is seen as a major priority and investment of parents. Hence, many families believe in preschool education.à At least in the metropolis, the countryââ¬â¢s growing profiles of dual-income earning families is pushing more and more parents to enroll their young children in preschools instead of leaving them with the household help.à As children turn two years, many parents already go out to choose the right preschool for their toddlers. This cho ice must be seriously made since a wrong choice of preschool may cause more harm than good for the children. Like in the articles, many teachers in the Philippines are not appropriately trained to handle very young children.à Traditional approaches such as lecturing and expecting young children to learn from mere workbooks and rote still prevail.à Although there are a lot of preschools in existence upholding more progressive methods and developmentally-appropriate practices, their market is very limited since such schools tend to charge higher rates.à And even if training is available for teachers in carrying out progressive methods, it is a common complaint among them that administrators of their school are just not open to implementing it because of their resistance to get out of their comfort zones.
Wednesday, January 29, 2020
Budget and Budgeting Techniques Essay Example for Free
Budget and Budgeting Techniques Essay Answer- 1: Answer- 1 India was a closed economy in the beginning. Policy banning imports. The Liberalization of Indiaââ¬â¢s Government in 1991. New Industrial Policy. Strict policies regarding the entry of foreign brands. Trade rules regulations simplified. Foreign investment increased. Pepsi enters in 1986. Coca-Cola follows in 1993. Contd â⬠¦ Slide 14: Unlawful to market under their Western name in India Pepsi became ââ¬Å"Lehar Pepsiâ⬠. Coca-Cola merged with Parle and became ââ¬Å"Coca-Cola Indiaâ⬠. Different Laws for Pepsi and Coke Coca-Cola agreed to sell off 49% of its stock as a condition of entering and buying out an Indian company. Pepsi entered earlier, and was not subject to this. Contd â⬠¦ Slide 15: India forced Coke to sell 49% of its equity to Indian investors in 2002. Coke asked for a second extension that would delay it until 2007 which was denied. Pepsi was held to this since they entered India in a different year. Coke asked the Foreign Investment Promotion Board to block the votes of the Indian shareholders who would control 49% of Coke. Change in oversight of the FIPB: Past lobbying efforts made useless. Contd â⬠¦ Slide 16: Could these problems have been forecasted prior to market entry? Probably not Inconsistent, and changing government. How could these developments in the political arena have been handled differently? Coke could of agreed to start new bottling plants instead of buying out Parle, and thus wouldnââ¬â¢t of had to agree to sell 49% of their equity. Answer-2: Answer-2 Coca-Colaââ¬â¢s Pros Cons of Timing of Entry in the Indian Market: Coca-Colaââ¬â¢s P ros Cons of Timing of Entry in the Indian Market Benefits Parle offered its bottling plants in 4 major cities. Made its return to India with Britannia Industries India Ltd. Disadvantages Rigid Rules and Regulations. Buying of bottling plants leads to 49% disinvestment. Local demand of carbonated drinks is as very low. Harder to establish themselves. Pepsiââ¬â¢s Pros Cons of Timing of Entry in the Indian Market: Pepsiââ¬â¢s Pros à Cons of Timing of Entry in the Indian Market Benefits Own set up green filled bottling plants. Advantage of coming before Coca Cola. Government policies favored the company. Joint venture with Voltas and Punjab Agro. Gained 26% share by 1993. Disadvantages Pepsi approached Parle but it was rejected. Launched 7up and there is stiff competition in the market for lemon drinks. Answer-3 Responses to Indiaââ¬â¢s Enormity : Answer-3 Responses to Indiaââ¬â¢s Enormity Pepsi and coca-cola responded in many ways to the enormity of India in terms of it population and geography. Conti .. Cont..: Cont.. Product Policies: Catering to Indian tastes Entering with products close to those already available in India such as colas, fruit drinks, carbonated waters Waiting to introduce American type drinks Coca-Cola introducing Sprite recently Introducing new products Bottled water Conti .. Cont.. : Cont.. Promotional Activities: Both advertise and use promotional material at Navratri . Pepsi gives away premium rice and candy with Pepsi Coca-Cola offers free passes, Coke giveaways as well as vacations Use of different campaigns for different areas of India ââ¬Å" India Aâ⬠campaigns try to appeal to young urbanites ââ¬Å" India Bâ⬠campaigns try to appeal to rural areas Contâ⬠¦: Contâ⬠¦ Pricing Policies: Pepsi started out with an aggressive pricing policy to try to get immediate market share from Indian competitors Coca-Cola cut its prices by 15-25% in 2003 Attempt to encourage consumption to try to compete with Pepsi and gain market share Contd ..: Contd .. Distribution Arrangements: Production plants and bottling centers placed in large cities all around India More added as demand grew and as new products were added Answer-4 Coke and Pepsiââ¬â¢s ââ¬Å"Glocalization Strategiesâ⬠: Answer-4 Coke and Pepsiââ¬â¢s ââ¬Å" Glocalization Strategiesâ⬠What is ââ¬Å" Glocalization â⬠? Global + Localization = Glocalization By taking a product global, a firm will haveà more success if they adapt it specifically to the location and culture that they are trying to market it in. Both companies have successfully implemented glocalization Pepsiââ¬â¢s Glocalization: Pepsiââ¬â¢s Glocalization Pepsi forms joint venture when first entering India with two local partners, Voltas and Punjab Agro, forming ââ¬Å"Pepsi Foods Ltd â⬠. In 1990, Pepsi Foods Ltd. changed the name of their product to ââ¬Å"Lehar Pepsiâ⬠to conform with foreign collaboration rules . In keeping with local tastes, Pepsi launched its Lehar 7UP in the clear lemon category. Pepsiââ¬â¢s Glocalization: Pepsiââ¬â¢s Glocalization Advertising is done during the cultural festival of Navrtri , a traditional festival held in the town of Gujarat which lasts for nine days. Pepsiââ¬â¢s most effective glocalization strategy has been sponsoring world famous Indian athletes, such as cricket and soccer players. Coca-Colaââ¬â¢s Glocalization: Coca-Colaââ¬â¢s Glocalization First joined forces with the local snack food producer Britannia Industries India Ltd. in the early 90ââ¬â¢s. Formed a joint venture with the market leader Parle in 1993. For the festival of Navratri , Coca-Cola issued free passes to the celebration in each of its ââ¬Å"Thumps Upâ⬠bottles. Also ran special promotions where people could win free vacations to Goa, a resort state in western India. Coca-Colaââ¬â¢s Glocalization: Coca-Colaââ¬â¢s Glocalization Coca-Cola also hired several famous ââ¬Å"Bollywoodâ⬠actors to endorse their products. Who could forgetâ⬠¦ Answer-5: Answer-5 Yes, we agree that Coca-Cola India made mistakes in planning and managing its return to India. They wrongly forecasted Indian political environment due to which they had to dilute their stakes later (49% disinvestment). They rejected the plan to put up green fields bottling plants as they took over Parleââ¬â¢s existing bottling plants. Coca cola tried to get extensions twice. Answer -6: Answer -6 Pepsi and Coke can confront the issue of water use in the manufacturing of their products by the use of canal irrigation rainwater harvesting. Then they can also put water recycling plant to treat the discharged water from their factories and then they can provide that water to farmers for their agricultural use. This way the ground water problem can also be solved and managed. Cont..: Cont.. Coke can further defuse boycotts or demonstrations against their products in California by doing Ad-campaigns in which they can ask the experts from the ministry of health to convey the message to the public that their products are safe and healthy. They can also hire celebrities to do the Ads for their products because the public follows them. Coke should address the group directly because their company was not wrong and they should justify themselves. Answer-7: Pepsi Better marketing and advertising strategies Widely accepted More preferable More market share Less Political conflicts Coke Government conflicts Trailing Pepsi in market share Pepsi will fare better in the long run Answer-7 Answer-8 Pepsiââ¬â¢s Lessons Learned: Answer-8 Pepsiââ¬â¢s Lessons Learned Beneficial to keep with local tastes Beneficial to pay attention to market trends Celebrity appeal makes for exceptional advertising It pays to keep up with emerging trends in the market Coca-Colaââ¬â¢s Lessonââ¬â¢s Learned: Coca-Colaââ¬â¢s Lessonââ¬â¢s Learned Pay specific attention to deals made with the government Establish a good business relationship with the government Investment in quality products Advertising is crucial
Tuesday, January 21, 2020
Benefits of Hybrid Cars Essay -- Fuel Energy Driving Gas Pollution Ess
Benefits of Hybrid Cars Transportation is very important to our every day lives. Throughout the history, many evolutions and changes have been made in transportation technology, and it continues growing at a rapid pace. At first, people used horses and horse trailers as their main transportation. Then in the Industrial Revolution, the steam engine was invented. Later, there was the invention of the combustion engine, and it is the beginning of the automobile industry. Many changes and improvements have been made in the development of automobiles. However, until today, the 21st century, people are still using gasoline as the many fuel for cars. Now in 2005, we have hybrids, a new generation of automobiles. Hybrids are fuel efficient, fuel economic and environment friendly, and they are the dominant cars for the next two decades. Here we are going to discuss the major benefits of driving a hybrid. A hybrid can be simply defined as a vehicle with two sources of power combined. A modern hybrid vehicle, such as a Toyota Prius, uses both an electrical motor and a gasoline engine, and they work together to provide the power needed for a comfortable ride. Hybrids actually have been around longer than we think: From 1897 to 1907, the Compagnie Parisienne des Voitures Electriques (roughly, Paris Electric Car Company), built a series of electric and hybrid vehicles, including the 1903 Krieger. With front-drive and power steering, the Krieger wasn't built in much quantity. One model ran on alcohol, and there was another version with what has been described as a gasoline-turbine engine; in those times, the term "turbine" sometimes meant ââ¬Å"generator."(History of Hybrid, à ¶ 4) Before the full development of gasoline vehi... ...o provide us a better world with cleaner air and greener grass. With features of hybrids, people can live longer and healthier under better environment; with limited resources, people can travel longer in lives and have more opportunities to explore lives as well as the world. Hybrids are the car for the future. Works Cited How Hybrid Cars Work. Retrieved November 14, 2005, from http://auto.howstuffworks.com/hybrid-car5.htm History. Retrieved November 14, 2005, from http://www.hybridcars.com/history.html Progressive Casualty Insurance Company (2005, April 11). Research Finds Higher Horsepower Cars Involved In Fewer Accidents. Retrieved from http://pressroom.progressive.com/releases/Hi_Horsepower_05.asp History of Hybrid. Retrieved November 14, 2005, from http://www.modernracer.com/features/historyofthehybrid.html
Monday, January 13, 2020
Diverse Leadership Wealth of Our Nation Essay
Diversity is the mosaic of people who bring a variety of ethnic and cultural backgrounds, styles, perspectives, values and belief to a group with which they are to interact. Diversity is a variation in ideas, opinion, cultural and ethnical background, style, values, and beliefs. Diversity is very essential in the portfolio of any organization or team that seeks optimum performance. The best form of learning is by learning from people with diverse ideas and methods of reasoning. Diversity is important in a team, because there will be more than enough idea and skill pool, which the team can benefit from when carrying out assignments and activities. Most people think of it simply as differences in race, nationality, or gender, but true diversity encompasses these attributes along with differences in opinions, ideologies, and interests, among other things. People tend to reflect on diversity as simply demographic, a matter of race, gender or age. However, groups can be disparate in many ways. Diversity also is based on informational differences, reflecting a personââ¬â¢s education and experience, and on values or goals that can influence what one perceives to be the mission of something as small as a single meeting or as large as a whole company. Diversity among employees can create better performance when it comes to creative tasks such as product development or cracking new markets. Managers have been trying to increase diversity to achieve the benefits of innovation and fresh ideas. Over the years, corporations and fortune 500 companies embraced diversity. They pushed diversity to the fore-front and embarked on campaigns to recruit, train and retain a diversified work force. The essential ingredients of performance in the workplace in the United States have always been teams and team-work. Companies built their teams in such a way that it always included people with diverse backgrounds, opinions and culture. Diversity within these teams brought about higher success rates in activities and projects because the team were able to pull ideas, strengths, knowledge and resources from a wider range of intellectual capital. The study of diversity in the workplace has taken on new importance as changing economics prompt many companies to restructure themselves into flatter, more decentralized entities. The result is that todayââ¬â¢s corporations are built around groups that must find answers to novel and complicated business issues. These teams bring together diverse groups of people who incorporate a variety of backgrounds, ideas and personalities. Large corporations like JPMorgan Chase, Exxon-Mobil, General Electric, Ford Motor Company, American Express Company, Wells Fargo & Company, Washington Mutual Inc. , Bank of America, and Goldman Sachs were often honored for distinguishing themselves with first in class diversity initiatives in the Financial Services Industry. First the housing market collapsed; which impacted the financial markets; which impacted the stock market. On September 14, 2008, the financial industry held its breath as it watched the fall and death of Wall Street. Lehman Brothers collapsed; Merrill Lynch was sold to bank Of America. What followed was a veritable redrawing of the industrial map: Former cornerstones of the nationââ¬â¢s economy filed for bankruptcy or merged with larger companies to stay afloat. As the mergers are finalized, the new fear within the industry is not so much whether the companies will survive, but will the employees? ââ¬Å"Regarding hiring, everybody will be affected,â⬠said Carlos Orta, president and CEO of the Hispanic Association on Corporate Responsibility. Carlos Orta knew everybody will be hurt, but his fears were the impact the freeze and layoffs will have on Hispanics. In all, the financial industry is thought to have lost more than 3000,000 jobs since the crisis started. Mr. Orta predicts that the restructuring of the financial industry will force it to focus more on diversity, because its customers will hold them accountable. He said that JPMorgan, which is now essentially a bank, will have to deal with banking issues. This will be a shock to their system because they donââ¬â¢t subscribe to diversity and never have, he said. The impact the financial crises will have on diversity in the workplace has been the subject of several discus and forums in the last couple of months. The discussion was part of Rev. Jesse Jackson Sr. ââ¬â¢s 12th Annual Rainbow PUSH Wall Street Project Economic Summit. The panel ââ¬Å"The Economic Crisis on Diversity and Diversity Initiativesâ⬠explored the economyââ¬â¢s impact on women and people of color in the cooperate world. Many of the panelists weighed whether women and people of color have been disproportionately affected by downsizing due to the weak economy. Diversity in large corporations is definitely hard hit by the financial crisis. In recent years advocacy groups have pushed up the number of blacks and other traditionally underrepresented minorities being hired and promoted by financial firms. This current economic crisis has impacted every sector of the U. S. economy . During tough economic times; organizations are forced to focus on their ââ¬Å"core businessâ⬠. Projects and Initiatives such as diversity that reside in their support area may be delayed or cut often with trepidation about the potential impact delay will have on efforts to build an inclusive culture. Now, as financial firms and other companies downsize or disappear, many of those hired through diversity initiatives have been losing their jobs. As companies trim their workforce and cut costs to weather a faltering economy, women and minorities brace as they bare the possible brunt of the layoffs. Subha Barry, managing director of global diversity and inclusion at Merrill Lynch said that most of her firmsââ¬â¢ diversity initiatives were tied to increasing revenue. In the words of Barbara Thomas, president and CEO of the National Black MBA ââ¬Å" As we all know, when anything goes wrong in this country, black employees are hit harder than most other racesâ⬠. She also stated that, When America gets a cold, black America gets pneumonia. Diversity hiring in the finance and insurance industries has been on the upswing in recent years. Some people opine that the actual effect on diversity when companies merge or downsize will likely vary according to the companiesââ¬â¢ layoff and retention policies. Thomas said the Black MBA organization has been trying to refocus on industries less affected by the financial crisis: health care and biotech, global media and entertainment, energy, and food and beverages. The association she says, has been encouraging its members to pursue these industries. Yvonne Hart, associate director of MBA student programming at the Robert Toigo Foundation, which awards fellowships to minority students at business schools, said her organization has been keeping a close eye on how the financial crisis is affecting minority students. ââ¬Å"We always have concerns about that, and definitely those concerns have intensified over the past 12 monthsâ⬠Hart said her organization has changed its programming in response to the recent turmoil of the past two weeks, adding six sector-focused Web seminars on navigating industries other than investment banking and intensified interview and mentorship guidance. The group also held a town hall-style conference call meeting last week, in which four professionals from the investment banking industry spoke to 130 minority business school students considering careers in finance, giving them insights and career tips on how to move forward in the new financial landscape. Itââ¬â¢s not just racial minorities who are concerned. When word broke of Lehman Brothersââ¬â¢ bankruptcy filing, the Forte Foundation, which encourages female MBA candidacies, sent out an e-mail to all the women in their database, reminding them of the career resources the group offers. Apart from the direct impact of layoffs, diversity advocates fear many financial firms will eliminate or cut back human resources or diversity programs. Most industries are already seeing the departure of some top diversity advocates and there are worries that there will be more to come in the next few months. Itââ¬â¢s more that the people that are leaving are the ones who were around for years and knew the corporationa and really got what diversity was about. Thereââ¬â¢s going to be a lot more scrutiny at these companies. If they keep pulling staff, they canââ¬â¢t always justify keeping the programs and partnerships they are supporting. Also at stake is continued corporate sponsorship of diversity organizations. For instance, Management Leadership for Tomorrow, an organization that trains black, Hispanic, and Native American young people for business leadership positions, lists insurance giant American International Group and investment banks Lehman Brothers, Merrill Lynch, and Goldman Sachs as among their corporate sponsors. It is pertinent to note that two of their sponsors have ceased to be in existence. In conclusion, it is evident the concept of diversity will continue to be an intricate aspect of the business environments of today and in the future. Organizations must embrace and understand the importance of diversity in order to remain competitive, respond to globalization and promote innovation and productivity within its organization. Strong commitment and leadership will provide the necessary cultural atmosphere that promotes an inclusive environment. Training, education and effective communication will help execute strong change management practices. The rationale for understanding and managing diversity has never been stronger. As new possibilities and opportunities in the business environment arise, the need for diversity programs will be the key to successful organizations of the future. The world today is more diverse than ever before. Our ethnicity, religion, life experiences and all other personal attributes make us unique individuals. We all need to learn to accept what is different from us and more importantly respect it. In this environment, companies are going to have to be very, very savvy and very smart in terms of maintaining talent in their pipeline that is not just white males and even white females. They need to continually maintain a diversified workforce. There has been no report or research that has proved that diversity initiatives in large corporations is in part responsible for the current financial turmoil the economy is in If you want to really be ahead of the curve in your workforce, you have to pay attention to demographics. The pessimist in me says that diversity will slip down the agenda, for most firms, because in tough times business executives could be tempted to fall back on old, familiar practices rather than introducing innovative new ones. But there was also an optimistic way of looking at things, if companies were going to have to shed staff to cope with the crisis, what better time to restructure their operations so that workforces are more diverse. Since the financial crisis is forcing companies to reassess their core values and part of this process would involve a greater commitment to diversity. With a more diverse mix, companies will become a more wholesome organization which will herald new ways of doing business, post-financial crises era. Companies should embark on mundane diversity initiatives, with programs which will help recruit and retain minorities. Once hired, promotion policies that encourage diversity will ensure the best people get to top management positions, and these will stir these companies to paths of success and profitability. Despite all of the economic turmoil facing the workforce or even because of the turmoil there is a need for large corporations to maintain a strong focus on diversity. There has been no time better that now to invest smartly in diversity.
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