Olympic Delivery Authority (ODA) sustainable development

Introduction The long-term vision that encourages young people to participate in sports led to the winning of the right to host 2012 Olympic Games. The evaluation framework that established the Olympic Delivery Authority (ODA) provides the guidance and creates a structure that assesses the range of impacts related to the preparation, delivery and the legacy of the games.Advertising We will write a custom report sample on Olympic Delivery Authority (ODA) sustainable development specifically for you for only $16.05 $11/page Learn More Adams Parmenter (2005) noted that this framework has been developed through extensive consultations in the last few years. This is by reviewing the then available strategies used and planning for the issues that were not achieved. This framework is to be adopted by all the organizations and the leading bodies in order to prepare for the effective delivery. Organisations will be encouraged to adopt the structures and used the framework for relevant evaluations. This study evaluates the importance of having a sustainable development strategy. It also evaluates the challenges faced by the ODA in ensuring delivery of employment and business objectives to creating new employment and business opportunities locally, regionally and nationally. Literature review Olympic Delivery Authority (ODA) ensures the delivery of the Olympic park, other venues and infrastructure in preparation for the 2012 Games. These should be within the prescribed time in order to comply with the agreed upon budget. Airola Steven (2000) shows the authority works in ensuring the achievement of a sustainable development and provision of value for funds used. It also leaves a lasting social, environmental and economic legacy for east London. In planning for public expenditure and policy, the activities and investments related to the 2012 Olympic Games and its legacy have to undergo a critical evaluation process. Evaluations form an import ant component in the public scrutiny, thus used as a tool for developing and designing systems of delivery. The ODA’s mission includes delivering venues, facilities, transport and infrastructure in time. In addition, it ensures maximization of sustainable delivery while accomplishing this within the desired budget. ODA works with other partners such as CLM in managing design, construction and procurement of necessary facilities.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The funding needed come from grants given by the National Lottery, the London Development Agency, Media and Sport and Department for Culture (Barton 2004). According to London Assembly Environment Committee (2010), ODA’s evaluations provide a suitable content to different audiences including the public, the media fraternity, politicians and academic learners. Setting up a sustainable development strategy improves the policy knowledge through the assessment of the policy outcomes and linking them to their respective activities and resources. Balfousia-Savva et al (2003) noted that this strategy considers the effective and efficient policy development. Therefore, it enables organizations and stakeholders to gain a better understanding of designing and delivering policies in the future. The framework ensures an opportunity to develop and evaluate various methodologies used in measuring and monitoring outcomes. It is important for the development of new techniques to enable the evaluators to learn and practice various techniques and practices (Adams and Parmenter, 1995). The 2012 Games have impacts on specific social groups such as BME communities, young people, women and the disabled. Mark (2003, pp. 6-9) explains that some projects will also affect the entire population, for example, there will be increased economic development in the region within which the activities shall be held. Some specific sections of the population will benefit from the activities for instance, the disadvantaged groups will access employment opportunities while the neighbouring communities of East London will benefit from physical activity programs. ODA’s objectives for sustainable development include minimizing carbon emissions arising from the Olympic Park, optimizing opportunities for efficient use, reuse, and recycling of water. The other objectives include the identification of socially responsible materials and the need to protect biodiversity and ecology. Community support is as important as the provision of transport and health services to the participants of the ongoing activities.Advertising We will write a custom report sample on Olympic Delivery Authority (ODA) sustainable development specifically for you for only $16.05 $11/page Learn More According to Barton (2004, pp. 18-25) the pre-games impacts include construction phase, increased costs and visitor impact in the run up of the games. The impact caused during the games include those related to the revenues for example from the staging the games, the impact caused by visitors, and the cost incurred in staging the games. The post-games impact includes the effects on the legacy, which involves an improved profile of the city, hence attracting more visitors. The lasting legacy of the games shall remain the development and improvement of the infrastructure, which shall provide value for several years to come. Methodology Information from the above study on Olympic Delivery Authority was collected through the surveying method. Individuals from east London were asked to give their views on the benefits that would come with the hosting of the Olympic Games to London and how it would influence the economy locally, regionally and nationally. Various people gave their views on the availability of new business opportunities as well as the creation of new employment opportu nities. Surveys are useful in describing the characteristics of a large population, hence remains the best method that provides the general measure of the facets under review. Findings, Analysis and discussion PESTEL Analysis Political forces ODA is committed to achieve five major objectives of the 2012 games, including the establishment of UK as one of the leading sports destinations in the world, changing the heart of East London, inspiring young people to be involved in volunteering their participation in cultural and physical activities in order to better their lives. It will also include making the Olympic park as a blueprint showing sustainable living. Finally, it shall demonstrate the creativity of UK through design of infrastructure necessary for facilitating the activities of the Olympic activities. Pezzey Toman (2002) have noted that political influence has caused the relocation of the people to create space for the development of requisite structures. This has resulted i n the emergence of social unrest. The unstable political influence has also contributed to fear of terror attack.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The analysis estimate the about 200 million has been spend on ensuring the safety of the populations who shall be present during the Olympic activities. Social organizations have claimed that the Olympics cause economic recession, for example, what was experienced in the 2000 Olympic in Sydney. The human rights group in London has raised concerns about the displacement of people from the villages in which they have lived for over a century. Therefore, the human rights agencies advocate for the establishment of mechanism aimed at safeguarding the rights of the participants as well s the observers of the games while challenging governments to take legal liability for damages and losses arising due to insecurity. Smith Rees (2008) illustrates that other political forces influencing the 2012 Olympics shall include the international attacks. For instance, those streaming in from Iran and threatening to boycott over the controversies of the logo are likely to cause chaos during this mome nt. The analysis of tourism industry projects improvements in the sector with a rise from 50% to 70%in growth due to influence of the games. Economic forces The economic impact of the Olympic Games is much contributed by the effects caused by visitors through their expenditures in the host country. A country also benefits from developments for example in infrastructure investments in areas that had been deprived. The country also benefits from the long- term legacy and increased exposure to the international media. This brings about more tourists in the future before and after the games. Once these economic effects are combined, they form a complex effect that cannot be determined only by the financial performance of the organizers or the additional revenues that the country gets for hosting the Games. To conduct the economic impact of the Olympic Games, there are some factors that have to be considered for example the effect the Games will cause on spending for example by organizat ions and individuals as well. These may include the amount spent on infrastructure in the pre-games period and the spending in the period of the games. Individuals mostly spend on transport, accommodation, food and entertainment. These people include spectators, athletes, officials and media representatives from all over the world. Although some of these groups of people are provided with most of these expenses there is a difference between residents spending and nonresident spending. The other factor to consider is that expenditure should be categorized according to products spent on for example in goods and services. A model must also be used to show how this spending is translated to a country’s income and increased employment opportunity. The input-output model has been used for the past years in translating the effects of spending. Peter et al. (2008, pp. 7-9) these have been able to show the effects caused. According to the Price Waterhouse Coopers, the GDP is estimated to contribute about 3.7 billion Euros. The GDP will be measured using the expenditure approach which shows the total demand expenditure minus the imports. Barton (18-25) shows more than 50,000 jobs have been created over the last 3 years of preparation for the Games and especially to the young people in the minority community. The plan for the 2012 Olympic Games is estimated to cover 30 years after the Games. The other economic impact of the 2012 Games is improved housing for example 40,000 houses are to be built in order to cater for the tourists visiting the country during and after the Games. This has a major impact upon the human resourcing strategy in that supply chain management is to be improved and about 75000 businesses have been contacted to supply goods and services to the UK during and after the Olympics. The other impact is that 42 percent of migrant workers are working in the country for that period in various sectors such as in health and hospitality industry. Transp ortation will improve since massive roads have been constructed including railway and more airstrips have been developed. Social forces The atmosphere of Bedford will be festive within the local community therefore providing a good climate for all. Individuals will also be encouraged to take up preventive measures for them to stay healthy during the period and to improve their well being. People involved in the British sport are hopeful of 2012 legacy, for example in the increased commitment to sport in the UK. For example, special programs for the disabled; Autism Awareness Campaign in UK is confident that more people will be encouraged to take up sports regardless of their status. Barton (2004) describes that the Olympic Village Polyclinic will also be transformed into a learning center for the community around East London. There will also be improved infrastructure for example nursery, primary, secondary and creative industries will emerge therefore improving the living standards of most individuals therefore impacting on the ODA’s human resourcing strategy. Cultural effects were not a significant part that influences the Olympic Games but still it should not be ignored. The government has recommended doing more in publicizing and coordinating culture. This will be achieved by drawing ideas together and sharing best practices to increase awareness of practical cultural activities. Young people will be given an opportunity to experience and participate in various cultural activities. Some of the elements that will be used in the youth culture will be to stag along waterways, bridges and streets. Exhibitions of world art and artifacts will be set up in London museums to display the culture of the communities living there. Technological forces Technology has been improved for example in the development of the modernized stadium and the water part. The world media have also improved technology in the country since it will be using live broadcasting techn ology. Transport technology has also been utilized in building massive roads and railways. The security technology is also present for example the use of CCTV and the scanning devices installed in every entry of the stadium. Improved technology will also be provided for example in giving tickets, scanning ID cards and biometric scanning. Environmental forces The environmental impact caused by the 2012 Olympic Games includes concern over protecting and restoring a favorable place for everyone. This involves recognizing the link between social and economic goals. The environmental sustainability programs have been set up to eliminate pollution around the Bedford community. The ecosystem has been preserved, for example, through the provision of livable climate and water cycling to avoid suffocation. The soil formation has also been improved as well as the natural landscapes that attract tourists. A mega event such as the 2012 Olympic Games ordinarily will produce carbon emissions for e xample from the presence of many vehicles and from the processing industries. Large carbon emissions should therefore be provided to reduce these emissions. Renewable energy should therefore be provided to reduce carbon emissions from the Olympic park. Legal forces The mega event has also to consider some legal factors for example, the brand licensing should be maintained, which is Bedford 2012. Legal procedures should also be followed while selling sponsorships, for example, to the stakeholders like world TV, online services and print media. The intellectual property rights are to be maintained by the use of Bedford 2012 logo and ODA’s strategies ensures this is achieved. Organisations that will want to temporarily open showrooms and showcasing items in the park should have a selling right. SWOT Analysis Strengths ODA’s strengths include having a sustainable development strategy that ensures delivery, value for money and the provision of a lasting economic, social and environmental legacy. The major strength includes the presence of strong human resource management that ensures effective and trained employees work on the infrastructure development. Wallace (2005) explains that this ensures that the value for money is attained as well as the time and budget set is maintained. This has a major impact on the human resourcing strategy as they have to include individuals who are ready to achieve maximum goals set up by the authority. Weaknesses The factors that could affect the success of the Olympics include doping controversies for example use of performance enhancing drugs by athletes. The organizers should ensure that all the athletes have been tested to avoid positive athletes for example is it was in the Athens 2004 where many participants had been tested positive. Terror attacks in the country could also affect the success of the event as it was in Munich 1972. It is therefore important for the people responsible for security to ensure that th is is effectively maintained. Critics received from many Londoners could also affect the success of the planned costs of Olympics for example citizen have been forced to pay an increase of 20 Euro per year in terms of council tax. Barton (2004) describes that there are also concerns that unions will strike near of during the Games advocating for bonuses. Opportunities Business opportunities are created for example in the construction phase and this will be provided to the communities surrounding the Olympic Park. This impacts ODA’s human resourcing strategy through the implementation of plans in respect of skills and business opportunities, workforce and supply chain management. Stivers (1999) shows more opportunities will also be created from other parks such as Olympic Village Development and Stratford City. This will cause an impact on local businesses as well as regional. Employees should therefore be well managed to build venues that offer fair opportunities for all, and that they build according to the planned time and budget. The human resource management should also ensure fair and transparent deliveries in terms of procurement of goods and services. Threats The construction deadlines might not be met. The success of the proceedings has not been welcomed for example by individuals outside London who feel that the event will divert international funding therefore posing difficult in funding from the rest of the UK citizens. Blake (2005) states that the local businesses that have been working in some areas for over 100 years have been displaced are concerned about where to find new sites for their business. The event has received less government support unlike the Manchester one and there are concerns that transport cost might be high which will out price tourists leaving many businesses and events unattended to resulting to losses. Recommendations The above study evaluates the economic importance of the sustainable development and its impact to t he host country, its value and the benefits achieved in hosting these games. These evaluations need to be known as they are used in the early stages of the Olympic bidding process. The organizers should also be aware of the scale of the economic benefits brought about by hosting the Olympic Games. Adams (2006) argues that these aspects allow developed promotions in the local context and it also brings about significant benefits to the local economy. The organizing committee is also provided with necessary information on the scale of benefits to have a critical understanding of the cost of bidding. The higher costs of these Games and higher expectations of quality venues justify these costs and have therefore been used to increase a country’s revenue and the economic impact. Displacements have remained common in a host of countries and problems of pricing, overcrowding and safety. Barbier (2007) puts it that the impact of the displacements however, yields economic and tourism legacy benefits, which outweighs the short-term losses of the displaced which are estimated to be 375 and 258 million for London and UK respectively. Tourism gains are estimated to be about 2.4 billion Euros for UK and about 1.9 billion for London (House of Commons 2007). Conclusion The planning and preparations made by ODA have generated significant activities and necessary information. To achieve legacy impacts, economics and infrastructure impacts, the organizing committee should be capable of demonstrating an understanding the long- term impacts on peoples, community, the economy and the environment. Currently, there are many organizations undertaking significant work of leading up to the success of the 2012 Games. The set goals and objectives have already generated a large amount of data necessary for the assessment of the overall impacts caused to various organizations. Sensitivity analysis has shown that the overall impact of the Olympic is likely to give positive change in v arious aspects such as in increased GDP though there are larger risks estimated to occur during and after the Games because of high levels of uncertainty about the legacy effect. ODA’s sustainable development objectives provide a means for managing and developing both the existing and the new information in a more structured and comprehensive manner. References Adams, P., Parmenter, B., 2005. ‘An Applied General Equilibrium Analysis of the Economic Effects of Tourism in a Quite Small.’ Applied Economics, vol. 27, pp. 985-994. Adams, W., 2006. ‘The future of sustainability: Re-thinking environment and development in the Twenty-first Century.’ Report of the IUCN Renowned Thinkers Meeting, pp. 29-31. Airola, J Steven, C., 2000. The projected economic impact on Houston hosting the 2012 summer Olympic Games. Houston: Department of Economics, University of Houston. Balfousia-Savva, S., Athanassiou, L., Milonas, A., 2003. The economic effect of the Athen s Olympic Games. Athens: Kasimati. Barbier, E 2007, Natural Resources and Economic Development. Cambridge: Cambridge University Press. Barton, L., 2004. ‘The economic impact of the Olympic Games’. Coopers European Economic Outlook, pp. 18-25. Blake, A., 2005. The economic impact of the London 2012 Olympics. Nottingham: Christel DeHaan, Tourism and Travel Research Institute, Nottingham University Business School. House of Commons. Culture, Media and Sport Committee. 2007. ‘London 2012 Olympic Games and Paralympics Games: Funding and Legacy.’ Second Report of Session 2006–07 vol. 1. Web. London Assembly Environment Committee 2010, The Environmental Sustainability of the London 2012 Olympic and Paralympics Games. Web. Mark, J 2003, ‘Sustainability – Architecture: Between Fuzzy Systems and Wicked Problems.’ Blueprints, vol. 21, no. 1, pp. 6–9. Peter, R. K., John, B., 2008. ‘Sustainability: Science, practice, policy.â₠¬â„¢ An Introduction to Sustainable Development, vol. 6, no. 2, pp. 7-9. Pezzey, J Toman, M., 2002. ‘The economics of sustainability.’ A Review of Journal Articles, pp. 1-36. Smith, C Rees, G 2008, Economic Development, 2nd ed. Basingstoke: Macmillan. Stivers, R 1999, The sustainable society: Ethics and economic growth. Philadelphia: Westminster Press. Wallace, B 2005, Becoming part of the solution: The engineer’s guide to sustainable development. Washington, DC: American Council of Engineering Companies. This report on Olympic Delivery Authority (ODA) sustainable development was written and submitted by user Abigail Dixon to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Scientific Experimentation That Destroys Beatrice in Rappacinis Daughter essays

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Journal Opinion Article Essay Example | Topics and Well Written Essays - 500 words

Journal Opinion Article - Essay Example Energy Information Agency 1). It was evident therefore that the forecasted decline was pinpointed to lesser consumption. The advisory even noted that there was an increase in the electric prices of as much as 2%; which, if the expected milder temperatures would turn out to be unrealized; then, consumers would actually expect a higher average electric rate. It is just interesting to note that only in a country like the U.S. could it be possible to expect a decline in electric bills during summer months. In other Asian countries, for instance, it has been evident that during summer months, consumers are already expecting greater financial stress due to increases in rates of electricity. It is traditionally asserted that â€Å"electric delivery rates do not change in the summer; however, your bill may rise in summer due to higher consumption† (Oncor par. 1). And the sources of potential increases in consumption include: (1) vacation from school puts children at home most of the time during summer and therefore, expect to use more television, personal computers, and other electric gadgets; (2) due to obviously higher temperature than cool months, air-conditioning or other ventilation units are turned on longer; (3) since more people are consuming more on electricity through the noted consumption patterns, the cost of fuel (dependin g on demand and supply) could likewise be affected. As such, although there could be some valid points in the report written by Morath, when the basis of comparison for electric bill rates were the three consecutive summers that were deemed hotter; one is convinced that overall, consumers could still expect some increases in their electric bill due to the reasons enumerated above that could affect consumption usage; in conjunction with the announced 2% increase in the average prices of electricity, as announced. Early announcement of an impending decline might even spur consumption levels to greater heights and consumers might

The key personal features needed Essay Example for Free

The key personal features needed Essay CASE STUDY: Laurie and Joe want to open up a hairdressing salon. They have had previous experience running and managing a shop and now they want to run their own business. Write a report discussing the key personal features needed, suitable establishment options for Laurie and Joe and finance options they should take into account. Key personal features: To ensure success when establishing a business, laurie and joe need have the three key personal qualities – entrepreneurship, personal qualities (motivation, experience, expectation) and other influences (cultural background, gender). Entrepreneurship: As an entrepreneur, the basic qualities required are to be: Assertive, Determined, Very organised and responsible, Willing to take risks, Good with people, A good leader, Motivated, Dedicated, Confident, Realistic, Healthy, Resilient Laurie and joe must have a desire to succeed and have drive and energy which relates to the personal qualities of a person. A person wanting to establish their own business needs to have motivation, experience and expectation. Personal Qualitities: Motivation: Motivation refers to your personal drive, determination and desire to achieve a goal or objective, in this case setting up a business. There are several reasons for why people start up their own business but it is usually due to: Having independence and being your own boss Choosing the location and fellow employees Gaining more control over own destiny and increasing personal wealth Having something to leave to family Accepting a challenge Security Experience: An experienced person would have: Knowledge of the product and service being entered Skills in management such as communication, ER, accounting and finance, marketing and operations Organizational and customer service skills. It would be best if Laurie and Joe satisfied these requirements in order to have the best chance at a successful business. Expectation: Expectation relates to the person’s level of ambition and self confidence. Someone with high expectations will have a vision for the future of the business. Some expectations that Laurie and Joe should have include: Financial rewards Independence Success Role as the boss Security of future employment Opportunity to use skills Other influences: Other influences include cultural background and gender. For laurie and joe, cultural background would not be a big factor for the success of their business as they want to open a hairdressing business. With gender, Laurie and Joe would just have to consider if they will be open to both genders and if customers would allow the opposite gender cut their hair. Suitable establishment options: Before setting up their own business, laurie and joe must choose one of three establishment options – starting from scratch, buying an existing business or buying a franchise. There are advantages and disadvantages for all three options so Laurie and Joe must pick the one most suitable for a hairdressing business. Starting from Scratch: Starting a business from scratch usually only occurs when: A new product is being introduced on to the market Existing businesses aren’t meeting customer needs There is a large demand and the market is growing. If these circumstances don’t exist, it would be more difficult to start from scratch. However as Laurie wouldn’t be providing a new product, only the last two circumstances would need to be considered. Although it can be difficult to start a business from scratch, there are some advantages: The owner has the freedom to set up the business the way they wish If funds are limited you can start on a small scale There is no goodwill to pay for The owner can determine the growth of the business The owner can choose the location However, as noted above, there are some disadvantages when starting from scratch such as: Time is needed to develop a customer base, employ staff and develop lines of credit from suppliers Profit levels could be low at start up and the business could have liquidity problems There is a high risk of failure and a measure of uncertainty Finances could be hard to obtain As Laurie and Joe want to establish a hairdressing business, it is recommended that they choose to start from scratch as it would be most suited for their needs. Buying an existing business An existing business may be purchased instead of starting from scratch as it may already be a successful business and would have an established customer base, employees, equipment and location. Although there are a few advantages, there are also disadvantages when it comes to buying an existing business. Advantages: Sales to existing customers will bring in automatic income The inventory and supply networks are set up Equipment is available for immediate use Employees could be a good source of advice Previous business owner could provide training and advice If the business had been successful it could be easier to obtain finances Disadvantages: Some employees may resent any changes to the business operation The existing business could have had a poor reputation within the community The value of the goodwill could make the business overpriced Assets could be old and overvalued The location can’t be changed and the existing layout may be difficult to change For Laurie and Joe, buying an existing business would be the most suitable†¦. Buying a franchise: A franchise is license by a parent company to an individual to operate the parent company’s business on their behalf. The franchises make up a chain of businesses under the parent companies name. a franchisor is the large organization and a franchisee is the individual(s) that operates the business on behalf of the company. Finance Options: Laurie and Joe have two options when it comes to how to finance the establishment of the business. The two options are owner’s equity and debt finance. Critical issues in business success and failure: When Laurie and Joe first start their business, there are five critical issues to be aware of. They are: Having a business plan Identifying and sustaining competitive advantage Using technology Avoiding overextension of finance Managing cash flow While most small business fail in the first couple of years, careful attention to these critical issues will help the business to succeed. Having a business plan A business plan is the blueprint for future growth and development within a business. It sets out the desired goals and strategies to direct the business. A business plan is essential to long-term success and must be followed. It should also be modified when there are changes in: Technology The competition The economy The customer’s needs When setting up a business plan, Laurie and Joe would need to consider the prime function of the business, the mission statement, plans and strategies and budgeting. Laurie and Joe should also include why they want to establish the business, the goals they wish to achieve, the steps necessary to achieve their goals and the time frame in which the steps and goals should be achieved. Identifying and sustaining competitive advantage Sustainable competitive advantage refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time. To have a sustainable competitive advantage Laurie and Joe would need to think about pricing (higher or lower than competitors, prestige pricing), quality, value (a good price for the quality of product/service) and the features of their product or service. Laurie and Joe would be best off charging the same price as competitors but provide a better quality service and hair products. Laurie and Joe could also think about using the differentiation strategy in which they would offer customers something that is not already offered by competitors. Use of technology Technology is having many effects on businesses and the advancements and changing technology are allowing business to advertise and communicate to customers in more convenient ways. As Laurie and Joe are setting up a hairdressing business, technology wouldn’t be a big factor. A hairdressing business wouldn’t rely on internet applications such as e-commerce and most likely wouldn’t even have a website. The only technologies a hairdressing business would require are EFTPOS machines so that customers don’t have to pay cash which therefore widens the customer base. Avoiding overextension of financing and other resources Overextension of financing and other resources refers to when business owners go over the budget and spending money on resources which are usually financed by external sources such as banks. To avoid overextension of financing and other resources, Laurie and Joe need to pay close attention to gearing, equipment/furniture/stock and budget. Gearing refers to the proportion of debt and equity finance that a business uses to finance its activities. If a business is highly geared then there is a high level of debt resulting in a greater risk. Therefore it would be best for Laurie and Joe’s business to have low gearing, so more equity than debt.

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Skinner's book â€Å"Verbal Behavior,† first published in 1957, presented his ideas about the influence of language can be used in the framework for behavioral research and analysis. The main argument presented by Skinner was that verbal behavior was different than other forms of behavior and deserved to be separated in a distinctive category, and Skinner considered language development as the result of mediation of other people while nonverbal behavior was enforced through the physical environment. Skinner defined the basic verbal operants in his analysis of verbal behavior, which include the mand, tact, intraverbal, echoic, and the autoclitic operants, and he distinguished the type of consequence for each operant. Furthermore, the theory defines the audience as a discriminative stimulus that will affect language development as it gives the signs of possible rewards or punishment. There was no previous research on the topic, so the lack of data available for writing the book and lack of experiments in the book, and the theory was subject to severe criticism and ignored in the academic community for several decades after it was published (McPherson, Bonem, Green, & Osborne, 1984). Although Skinner's language development theory was not accepted in the academic community or applied frequently in research until the 1990s (Sundberg, & Michael, 2001), Skinner's verbal behavior theory successfully defines verbal operants relevant to the basic behavioral principles. This essay will show that the main implication to the development of this theory is the severe criticism of Skinner's theory as unsound and consisted of plagiarized traditional ideas. Despite the criticism against Skinner's theory, it is questionable if the criticism itself prov... ...tals of language development, applying Skinner's theory could rule out those errors and prove to be successful in its applications. Rather than criticizing Skinner's theory based on the lack of empirical evidence presented in his book, or denying the effectiveness of the theory for several seemingly irrelevant reasons, such as the unclear definition of its correlation to a neurological-genetic theory (MacCorquodale, 1970), empirical research should provide clear evidence on the credibility of Skinner's theory. Although the entire theory does not have to be proven successful, several aspects of Skinner's theory have proven successful in conducting behavioral interventions (Sundberg & Michael, 2001). Recent studies show increased use of Skinner's language development framework, so the criticism against the theory was obviously a major implication to its development.

Accounting and Auditing: Crazy computers

FASB (Financial Accounting Standards Board) plays the role of determining Generally Accepted Accounting Principles to ensure proper accounting standards are followed. According to FASB, revenue is recognized once it is earned.Commission in Crazy Computer's case is recognized immediately since Crazy Computers collects the cash on behalf of Third Party insurance and then pays it. Commission however should not be added to sales because when balancing the equation, Sales is equal to opening stock plus purchases less closing stock.This means that by adding commission to sales the equation may not balance and it will be exaggerated. The commission revenue consists of income and it is therefore used in the final statements of accounts to calculate the profit of the business.Commission received from TPI can therefore be used when coming up with profits for the year. In case Third Party Insurance agrees to re insure, revenue to be obtained from Third Party Insurance (TPI) will only be recogni zed after Third Party Insurance pays up the amount to Captive Insurance Company (CIC).Commission revenue can only be recognized immediately if Crazy Computers will automatically be deducted from the $110 that the company gives to Third Party Insurance so that it does not have to wait for TPI to pay. This would mean that Crazy Computers would have $165 at the end of the sale then give $25 to TPI.However, it may not show whether the computers on their own were able to sustain themselves without the boost from the commissions earned. When Crazy Computers introduce CIC, they will still get the commission but it will be offset when the amount received from TPI is added.Even as Crazy Computers recognizes revenue from sale of third party insurance on behalf of TPI, it should be careful when it comes to receiving the money back for re-insurance through CIC. The best method to account for the funds to be collected from the Captive Insurance is to do them separately from Crazy Computers.This is because Crazy Computers and CIC are two different kinds of businesses. FASB advices that in order to check the progress of a business it is good to gauge its profitability which is done by subtracting the expenses from sales made by the business.This will ensure that when it comes to paying claims, revenue received from Crazy Computers should not be used for CIC obligations. It will also ensure that the money collected from CIC is not to be used in the computer business unless Crazy Computers borrows from CIC.If Crazy Computers was to account for CIC revenue together with the computer revenue, calculating profits would get complicated since the revenue received is not made from sales only. In other words, treating the two businesses as separate entities will ensure the profitability of the two can be determined.Crazy Computer's idea to create a wholly owned subsidiary would be a good idea if the Third Party Insurer agrees to re-insure with them. Based on the transaction illustrat ed in the case study, currently Crazy computers pay $110 for insurance such that TPI takes responsibility for any obligations from customers.Because CC gets commission for every sale made then from the $200 received it is left with $80 after paying the sales persons $10. With the introduction of CIC and if TPI agrees to re insure with CIC, CC will get $ 85 back out of the $110 paid to TPI.This means that cash received goes up from $80 to $165. CIC would therefore be profitable. However, in case of any third party obligations CIC will be solely responsible. This is why it is extremely important for Crazy Computers to ensure that CIC's income does not mix with computer income so as to ensure each department can sustain its own expenses.Word count (635).ReferenceFASB. (2008). Financial Accounting Standards and Revenue Recognition.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   from http/www.fasb.org.