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The Key Importance Of Organizational Structure Business Essay

The Key Importance Of Organizational Structure Business Essay. In today increasingly stiff competitive environment, organisational structure is becoming a very important role to a company in the market competition. Andersen (2002) describes the organisational structure as the formal decision-making framework that will be done by dividing, grouping and coordinating job tasks. However, Anthony et al. (2002) pointed out that to design organisation structure managers need to address six key elements, those are work specialization, departmentalization, chain of command, span of control, decentralization and formalization. Secondly, for the face on the sharply environment change, Vroom (2006) suggested that HR managers should divide the tasks and then coordinate those, in essence balancing job-related specialization with group, inter group, and organisation-based integration as necessary. They also said that organisational structure defines the firm’s decision-making authority and serves as the connecting fibbers between the company’s strategy, the actions and behaviours of members. For example, organization must design structure that facilitates close to coordination between the activities of manufacturing and those of research, and development it to ensure innovative products can be produced both reliably and cost effectively. To achieve gains from synergy between division, company must design mechanism that allow divisions to communicate and share their skills and knowledge. In pursuing a global strategy, company must create the right type of organisational structure for managing the flow of the resources and capabilities between domestic and foreign divisions. 2.1.2 Virtual Network Structure and Technology The Virtual Network Structure (VNS) is a continuous evolving organisational structure for optimising its cost-benefits through taking the advantages of emerging technology. The organization use the VNS will keep the continuous innovation for new challenge. Technology is the major driving force for mostly organisations shifting their organisational design, for example, the high technology will keep the Apple inc always have new things to the people. Jones (2006) thinks that technology is one of the main determined driving forces which refer to how an organization ‘transfers its inputs into outputs in designing organization structure’. Technology has relative structure by converting the financial human and physical resource into products or services. Different organisation needs different technologies with different environment as well as the different structure to operate their business. On another hand, the new technology always requires huge initial investment (including time). By reviewing the history of development of technology, electricity took 40 years to penetrate 50% population in USA, computer took 30 years and the Internet took only 6 years. The key difference between the Internet and the electricity development is that the rapid growth of the Internet lies on synergy effects. Similarly, the VNS provide a great incentive for promoting synergy between The Kernal and The Strategic Partners, as the major attractiveness for them to form strategic partnership is due to the strong inter-dependency among them. 2.1.3 Virtual Network Structure and Environment The Virtual Network Structure (VNS) suitable for certain firms in changeable environment. As Gratton (1999) defined that environment is the institution or force outside the organisation that potentially affect the organisation’s performance. Due to the shifting of industrial structure and the pressures creased by the globalisation, MNCs are facing many external opportunities and threats. In particular in 1990s, the business environment becomes a so-called dynamic ‘white-water rapids’ world. Global competition and economic downturns have exposed a glaring weakness in the US organizations. Accordingly, different management will choose different organisational structures to deal with the same global environment (such as under the similar or same economic) due to their internal environments, which would be significantly different from one another. For example, Marriott (Nike’s major rival at the time) has chosen bureaucracy organisational structures to expand its operations globally. Jones and Kriflik (2005) explain bureaucracy as a centralized system such as organisation with high tall hierarchy for the purpose of maintaining tightly controlled chain of command. In contrast, Nike has chosen VNS, which allows decentralisation occurs when Nike distributes decision-making authority throughout its organisation. Obviously, the global economic recession would force management to review their previous choices. ABC (2008) report that many leading corporations including banks like Bear Steins, Lehmann Brothers, Merrill Lynch, and AIG are suffering severely from the financial crisis. Actually, at the end of 2009, some of those banks are having been failed. The VNS is an extension of horizontal coordination and collaboration by establishing strategic partnerships between the kernel of the organisation (The Kernal), and its strategic partners (The Strategic Partners). Unlike conventional horizontal structure, those The Strategic Partners have their own organisational structures that most suitable for their internal and external environment. Therefore, those organisational structures may not be in VNS as that of The Kernal. 2.1.4 Virtual Network Structure and Nike This study now shows how a VNS firm like Nike is able to adopt appropriate strategy to achieve the organisations goals. Oladunjoye and Onyeaso (2007) explain that a strategic approach is to capitalising one’s internal strengths to address its challenges in a systematic way. For example, Nike has its internal strengths in strong brand management, creative design and superior marketing techniques. Accordingly, from the perspective of organisation structure, the design should reflect the way job tasks being formally divided in two different groups or among individuals according to their diverse knowledge levels. Nike’s current challenges are capturing advantages of international operations (‘IO’ in short) in a sustainable way. First, Nike has the challenge for reducing unit costs. Enderwick and Ronayne (2004) explain that VNS would help the firm reducing unit costs. This occurs when Nike takes the advantages of The Strategic Partners’ cheap labour costs in the developing countries. This is one key area that Nike cannot achieve in the USA as the labour costs in the developed country are much higher than those low-cost production facilities owned by The Strategic Partners’ in the developing countries. The example effective demonstrates that the external social environment of the organisation is a key for deciding whether a VN structure is suitable for that particular organisation. The designer should identify the external social environment of the organisation. For MNCs like Nike, it has to secure the production several months ahead of the peak sales period. Second, Nike has the challenge for improving its economies of scale. Enderwick and Ronayne (2004) explain that IO would help the firm improve its economies of scale. This occurs when Nike acts as the marketer for the design that Nike has invested as the initial investment regardless the quantity to be produced later (‘sunk-money’ in short). Carter et al. (1997) explain that IO would help the firm absorb excess capacity. This occurs when Nike acts as the marketer for the summation of production quantity of all The Strategic Partners’ capacity of productions. In the modern era, most organisations had focused on mass production for improving production costs per unit. The demand on operational efficiency encouraged vertical organisational design, which emphasis on efficiency and control. Traditional organisational structure had been characterised with tall hierarchy. Cost minimisation need tight control, high formalisation and high centralisation of strategies to produce high ‘standardization products’ efficiently (NelsonThe Key Importance Of Organizational Structure Business Essay
Central Queensland University Project Portfolio Planning at Intel Corporation Essay.

I’m working on a writing question and need an explanation to help me study.

A Decision-Making Framework for Project Portfolio Planning at Intel CorporationSiddhartha SampathDecision Engineering Group, Intel Corporation, Chandler, Arizona 85226, [email protected] S. GelSchool of Computing, Informatics, and Decision Systems Engineering, Ira A. Fulton Schools of Engineering, Arizona State University, Tempe, Arizona 85281, [email protected] W. FowlerSupply Chain Management Department, W. P. Carey School of Business, Arizona State University, Tempe, Arizona 85287, [email protected] G. KempfDecision Engineering Group, Intel Corporation, Chandler, Arizona 85226, karl.g.ke[email protected] work we describe addresses the problem of deciding between project-funding opportunities under budget and headcount constraints. Although the projects lead to products that yield revenue in the market, complex interactions between the projects and products make the selection of a portfolio difficult. Furthermore, the senior managers in the company have a wealth of business intuition that can inform the required decisions. We combine modeling, simulation, and optimization techniques to provide a set of the best portfolios possible from the proposed projects and resulting products. We also provide a rich set of analysis and visualization tools for the decision makers to use in exploring the suggested portfolios and applying their intuition to make the final selection. The resulting interplay between analytics and intuition produces better business solutions through a more focused and effective debate in a shorter time than previously achieved.Keywords: analytics; binary integer linear program; decision support; elimination by aspects; intuition; portfolio management; practice of OR; simulation.History: This paper was refereed.Funding reviews occur regularly in companies offering a variety of products in a number of markets. At any point in time, many product- development projects are in various stages of execu- tion, ranging from those in their initial ramp-up stages to those nearing new-product launch; all re- quire continued funding. Other projects are new and seeking startup funding. In innovative companies, the number of requests usually exceeds the budget avail- able to fund these requests. Management has to peri- odically make decisions on the effective allocation of limited budgets to achieve corporate goals, including profit maximization.Making these decisions is inherently difficult be- cause of the combinatorial complexity resulting from the number of projects, products, and markets in- volved and their extensive interrelationships. Forexample, one project may support many products. Other projects may depend on each other for inter- mediate deliverables. One product may be released into multiple markets, and one market may receive many different products. Product offerings can affect each other synergistically or cannibalistically in the marketplace. These interactions result in a single project or product having different costs and (or) benefits depe
Central Queensland University Project Portfolio Planning at Intel Corporation Essay

Was The War In Afghanistan Just Politics Essay

The war in Afghanistan has started many debates of whether it is right or wrong to invade a poor and small state with the goal to prevent terrorism. Since the war is still on progress and the rate of casualties is increasing dramatically, questions have been raised concerning political and philosophical interests. Is the war in Afghanistan just according to the just war theory? What would a pacifist and a utilitarian argue for this issue? “On September 11 2001, America felt its vulnerability even to threats that gather on the other side of the Earth. We resolved then, and we are resolved today, to confront every threat from any source that could bring sudden terror and suffering to America.” – George W. Bush After the devastating attack against the world trade center which left approximately 3000 American victims killed and a world with fear which resulted in increased foreign security and a war. October the 7th of 2001, the day when USA pledged the war against terrorism was the day that would put the Afghan people in a lot of stress. In only 9 years, over 48 thousand injuries were caused and nearly 19000 people, soldiers and citizens alike, had died. Both political and philosophical questions have been raised concerning this matter. According to the just war doctrines in order for a war to be just it has to have a just cause, legitimate authority, right attention, a high probability of success and proportionality. “All America needs for its own security interests is that Afghanistan not become a haven for terrorists the way it did under the Taliban.” Ted Galen Carpenter U.S has been involved in Afghanistan since 1979 during the cold war when the Soviet Union invaded the country in order to spread communism and fight Islamic extremists. However U.S responded with supplying weapons and money to anti-soviet forces which are today known as the Taliban. After 10 years, soviet was forced to withdraw its troops leaving the anti-soviet movement controlling Afghanistan. After a civil war, the religious movement which was called the Taliban, increased its influence and gained power. The current war in Afghanistan began after 9/11, when two airplanes crashed into the world trade center; this murderous plan was carried out by a non state actor, Al-Qaeda. Two days before 9/11, Ahmed Shah Massood who was the leader of the afghan resistance movement against the Taliban was killed by two Taliban whom were disguised as journalists, which created anger upon the Afghans and resulted with war against the Taliban. Some argue that this was not a coincidence, the death of the leader and the attack on the world trade center’s occurred almost at the same time frame. Some think that it was the Afghans that were behind the plan to attack the twin towers in order to gain support from the US to fight the war and regain what they lost during the civil war. USA responded with war for the goal to protect its citizens and prevent this from happening again. 9 years have gone since U.S troop’s first step their foot in afghan soil and the war today is seen as more deadly and worse than ever. The main objective of American troops was to take down the Taliban regime, which provided protection and a safe place for al-Qaeda. In other words, Afghanistan was working as upkeep for terrorists, it took less than three months for the U.S troops to defeat the Taliban yet today they struggle to fight off the Taliban forces that are spread around Afghanistan. There are many various perspectives on this war; the perspective of the afghan people from the start of the war was that they “were very hopeful in the beginning when the international force and international community came there. They were hoping that they would help us rebuild our country and they will help us rebuild our state. And they would help us stand on our own feet” Dr. SHARIFI, but today the perception have changed since the afghan peoples hopes are still not fulfilled, the promises that the foreign forces were just as thin air. In fact today the middle eastern view of the situation in Afghanistan and the war on terror believe that “the vast majority of the Muslims believe that president Bush’s campaign against terrorism has in fact increased the threat of terrorism and extremism very significantly after 9/11” Gunaratna. The American perspectives of the war, from its start were to prevent terrorism to prevail and infect the world by end the vicious Taliban regime which was supporting terrorists, but today the approach and perspective to the war have been changed dramatically as more and more people believe that this war is just waste of money and innocent lives, a war that we cannot win. However can we say that Afghanistan was a just war? http://wordnetweb.princeton.edu/perl/webwn?s=justice Justice is “judgment involved in the determination of rights and assignment of rewards and punishments” The ethics of war states that war is bad and we have to avoid it since it causes deaths and injuries and abuses human rights. For what cause is a war just? In order for a war to be just, it has to follow some criteria of the just war theory. The just war theory asses if it is just to go to war, and how the attacking forces should be used and not used. It was broadly used by Christian philosophers, it was a guideline of how a war should be right, in a conflict situation. The theory makes people think that it says that war is good, but in fact it says that war is bad, and is wrong but is less evil and can be used in order to destroy the greater evil. For the Afghanistan war to be just, it needed to be for a just cause, need a legitimate authority, a high probability of success, the war needed to be a last resort and proportionality. The reason why the Afghanistan war is hard to classify as just, is since most of the military means were artillery, airstrikes which killed huge amount of civilians, therefore this cause conflicts with the theory as the just war theory states that the pledged war needs to protect and not harm non actors in the war. However was the original invasion of Afghanistan war just according to the just war theory? A) Just cause: A just cause would be for the reason to defend from a threat that is aggressive, which results in punishments for the brutal foes act of violating someone/a nations basic rights. The reason why U.S pledged war against Afghanistan was to defend the citizens from the attacks on the twin towers to occur again, which was seen as just not only by America but other countries too. So in other words the war had huge global support which fulfills the criteria of a just cause. B) Legitimate authority: This criteria means that only a authority that is legitimate can pledge war, in other words the authority must be recognized. For example the mafia have power but they aren’t legitimate therefore they cannot pledge war. Since the war in Afghanistan was seen as a legal war and accepted by the United Nations, it fulfills this criterion. C) Probability of success For a war to be just, it have to be a war that can be won. In other words, that the American troops cannot succeed with their own military means, which decreases the probability of success, however there was reasonable probability of success since the U.S military power is strong enough to eliminate its opponent. The probability of success even increased through soft power by giving security, basic needs and use propaganda in order to gain support from the afghan people against terrorism. D) Last resort: In order for a state to fulfill this criteria, it has to have no other reasonable means to influence the threat before starting war with military means. There was no way for U.S to talk out the Taliban regime for supporting terrorism. D) Proportionality: For this criteria to be achieved, the means of the war needs to have limited force in order to fulfill its goals. In other words, the mean of the war was military mean, and the goal to stop terrorism by removing the Taliban regime without killing any civilians. Limited force in this criteria means that non actors of the war should be protected and never be targeted. This criterion is complicated to apply in the afghan war, since there are lots of coalitions in the war. However the proportionality that this war goal was also to protect the women in Afghanistan since they lived in harsh patriarchy rule, by giving them liberation the proportionality criteria would be achieved. Today the war in Afghanistan may be seen as unjust from different perspectives, two of these philosophical ethic perspectives will be assed; Pacifism stands for “the doctrine that all violence is unjustifiable.” Most people that stand for pacifism are mainly because of religious or non religious people that value life as sacred, or believe that war is ineffective and wasteful. There are different types of pacifism, however all of them believe that war and violence is unjustifiable and that these conflicts should be handled with care in a peaceful way. An absolute pacifist believes that war is wrong, and should not be considered even for self-defense, however this is just for the morals in war, in a personal level self-defense would be allowed, so in other words there is a difference between comparing the morality of a person’s actions to a national state. The view of war according to absolute pacifist is highly unethical, even though if a weak national state is invaded by a stronger one, according to this view no violence should be used to rescue the weak state this is because they believe that violence leads to more hurt than non violent actions. In contrast conditional pacifists are in principle against war; however if the war is an alternative that is necessary and less damaging than the peaceful alternative then it is seen as acceptable. In other words there have to be a good consequence coming out from the war for it to be good, and these principles are similar to the utilitarian point of view in the morals of war. How would a pacifist respond to Afghanistan as a just war? An absolute pacifist would argue that no matter what principles, criteria or international rights this war has, starting a war is not an option and should never be an option. And this is a problem, since most people would find this as treason. “Either you are with us or against us”, and an absolute pacifist view is more close to the “against us” part. “Pacifism is objectively pro-Fascist. This is elementary common sense. If you hamper the war effort of one side you automatically help out that of the other. Nor is there any real way of remaining outside such a war as the present one. In practice, ‘he that is not with me is against me.”George Orwell. However to think like this would be immoral, since we live in a free world and we should not discourage other people’s views on different approaches, we should respect them instead. In contrast to absolute pacifist, conditional pacifist would see this war as self defense. Since the just war theory is the right way to pledge war against a country, and the criteria in the just war theory goes in hand with what a conditional pacifist believes in; a less damaging and a bigger chance of a good consequence out from the war than bad. “Utilitarianism is the idea that the moral worth of an action is determined solely by its utility in providing happiness or pleasure as summed among all sentient beings” This philosophical theory simply states that the decisions should be based on what is right or wrong and what promotes most happiness for those whom will be affected. So for a utilitarian to take a stance in if war is right or bad depends on what situation it is, one example is World War 2. If there were no war against Germany, then the consequence would be bad as Hitler’s regime will oppress a vast majority of people and increase suffering and reduce happiness. Therefore engaging in a war, would be the right thing to do since it brings more happiness to the people and might reduce eventually suffering in the longer term. There are two different approaches in utilitarian, negative and positive. Negative utilitarian believes that we should reduce suffering more than focusing on increasing happiness; positive thinks the opposite that we should increase happiness and with that suffering will reduce. So how would a utilitarian argue about the original war in Afghanistan? The facts that are given, a utilitarian would believe that Afghanistan war is the right thing to do. The consequences of letting a country work as upkeep for terrorists would create potential threats in the future for other countries. So by preserving and isolating the country from spreading terrorism we will save other lives in other countries. Also since Afghanistan was controlled by Taliban regime, the country is very poor, unstable and have a corrupt government, by waging war against the Taliban regime these factors could be reduced and give the population a better life standard and help them in the long term. How would a utilitarian respond to Afghanistan as a just war? Since the criteria of the just war theory follows a purpose of right war with a good outcome and a consequence that will benefit the majority of the people, the utilitarian view would see the war as just. Removing the Taliban power, will enable more people to live in freedom instead of oppression, and by isolating the spread of terrorism from Afghanistan will protect the outside world which in will increase the happiness of the people since they feel safe.

Wk 1 – Apply: Selecting a Company

essay writer Wk 1 – Apply: Selecting a Company. I don’t know how to handle this Business question and need guidance.

Assignment Content

Working in business management means taking on responsibility to lead your organization in a variety of situations. Part of that responsibility is understanding where an organization has been and where it’s going. In this course, you put yourself in the shoes of a manager and use resources to make decisions on where an organization is heading in respect to business needs, organizational structure, leadership strategies, and change management. Some of the information needed may be easy to locate, but other information may take time and effort to find, Some may even need assumptions based on research. These research and strategizing skills will be useful in your business management career.

Select 1 global company: ADT Inc

Create a chart or outline that conveys the following information:

Name of company
Industry
Brief history of company
At least 3 milestones from the company’s history
3 resources (in addition to Business Source Complete) where you can locate company information in future weeks. This may include company websites, current employees, journals, etc.
Define 1 new unique business opportunity the company can do to increase their competitive advantage.
Identify a function of management that is needed for this opportunity.

Submit your assignment.

Wk 1 – Apply: Selecting a Company

Types of Life Insurance: Advantages and Disadvantages

Overview Life insurance is one of the most popular types of insurance that people purchase. Life insurance is basically insurance that you purchase and will pay money to your beneficiaries if you die. One of the main reasons why people purchase life insurance is to protect their family financially. Life insurance will help pay for burial costs, debt, mortgages, and any other income losses that will occur if someone dies. Life insurance is paid for just like automotive insurance is. It can be paid by a monthly, quarterly, or annually premium for as long as the policy goes for (Types of Insurance Policies, 2011). There are several different types of life insurance policies that people can purchase that will best suit their needs. The main types are term life insurance, whole life insurance, variable life insurance, and universal life insurance. In this research paper, I will explain the advantages, disadvantages, time lengths, and how each of the types of life insurance fit different people. It is very important to understand how these insurance companies calculate premiums for different people. Their main goal is to assess the risk of someone dying during the policy. Just like other types of insurance, the more risk you have, the higher your premium will be. Some of the factors that are used to determine premiums are gender, age, occupation, height, weight, medical history, lifestyle, and if you smoke (Types of Insurance Policies, 2011). Recently I had to do a project in class where you had to find different premiums on life insurance. Some other things that I was asked were if I recently had any DUIs, if any relatives have died before the age of 60, if I have recently been hospitalized, and if any diseases run in my family. All of these factors do give the insurance companies a better understanding of someone’s risk, but it is nearly impossible to be able to determine the chances of someone passing away. It is also difficult to estimate the cost of each of the different types of life insurance because it is different for every individual. Term life insurance is very affordable, and that is why it is growing in popularity. Term life insurance is basically a life insurance policy that covers a person if they die during the length of their insurance. Term life insurance policies can be anywhere from 1 to 30 years. These policies are known as “temporary” because once the policies are over, you are no longer covered. For example, if you purchase a 10 year term life insurance policy, and you die the year after your policy expires, your beneficiaries won’t receive any money. This also means that if you stop paying your premiums, you will no longer be covered. There are many different reasons how people decided on how long they want their life insurance policy to cover their family. A lot people that purchase term life insurance decide to make their contract until they retire. Another popular way people decide on their term is to remain covered until their children have turned 18. This is a very smart way to insure that your children will be financially protected until they are adults (Life Insurance Wiz, 2006). Another good reason to purchase term life insurance is if you are involved in risky or potentially fatal activities. Even though these factors will increase your premium, it is still worth it in case something terrible happens. The cost of term life insurance all depends on a person’s risk and the length of the policy. There are several different types of term life insurance, and it is important to know the differences when selecting the best type. Annual renewable term life insurance means that each year a person may renew their term life insurance. However, each year you renew your term life insurance, the premium will go up in cost because of your age. Renewable term life insurance means that after your specific term is up, you are allowed sign a new term life insurance contract. Level premium term insurance means that your premium will not change throughout the length of the contract. This type of term insurance is good because as you get older, you don’t have to pay more money for your life insurance. Convertible term insurance means that you are allowed to convert your term insurance into another type of life insurance, like universal or whole life (Life Insurance Wiz, 2006). There are advantages and disadvantages to term life insurance. Some advantages are that you get to choose how long you want to be covered for, most policies can be changed or renewed to other policies, and your beneficiaries are paid a specific amount upon your death which is decided when you start your policy. Some disadvantages are that if you pass away after your term life insurance policy, no benefits are giving to your family, and it doesn’t offer as much protection as other life insurance policies offer (Life Insurance Wiz, 2006). Whole Life Insurance Whole life insurance is exactly what it sounds like, a life insurance policy that last for someone’s whole life. Upon death, the beneficiary receives the value of the account. Whole life insurance is also known as permanent life insurance. The main difference between whole life and term life is that whole life insurance grows in value over time. Whole life insurance is similar to a retirement account where you are putting money toward the future, except in this case it is toward your death. An interesting fact about whole life insurance is that you can actually borrow money out of your account, which you cannot do with term insurance (Life Insurance Wiz, 2006). To be able to borrow money out of your account, there must be a set minimum of money already invested into the account. Most whole life insurance policies mature when a person turns 100 years old, so if that person is still alive they will receive the face value of their account (My Life Insured, 2007). The main reason why people choose whole life insurance over term life insurance is because they want to be insured for the rest of their life. For this reason, whole life insurance is more expensive than term insurance. There are several different types of whole life insurance. Non participating whole life insurance means that you do not receive dividends for your policy. On the other hand, participating whole life insurance means that you do receive dividends. Level premium whole life insurance is just like level term insurance, where you pay the same premium throughout the length of the policy. Purchasing a life insurance policy with a fixed premium is a great choice because once you retire, you wouldn’t want your premium to increase every year due to the loss in income. Single premium whole life insurance is a policy where you pay a large sum of money in the begging of your policy, which than eliminates having to pay premiums. This type of policy is not very popular due to the reason that you would need a lot of money up front. Intermediate whole life insurance means that your premiums change over time depending on your status (New York State Insurance Department, 2011). In the past couple years, a significant amount of people lost their homes because of adjustable mortgages, so I think that this type of whole life insurance is not a good choice. Some advantages of Whole life insurance are that they are usually fixed premiums, the beneficiaries will receive money whenever the policy holder dies, there are tax benefits, and most of the money will be returned if the policy is cancelled. The money that accumulates in your policy is tax free, which attracts a lot of people to purchase a whole life insurance policy over a term life insurance policy. Some disadvantages of whole life insurance is that it is costly compared to term insurance, and it is much more complicated than term life insurance (New York State Insurance Department, 2011). If you are interested in purchases a whole life insurance policy, it is important to know which type it is so you know you will be able to afford it for the rest of your life. Universal Life Insurance Universal life insurance is very similar to whole life insurance. A universal life insurance policy will cover someone for their whole life, so it is also considered a permanent life insurance policy. Universal life insurance policies also grow in cash over time, which is tax deferred. The interest rates increase and decrease like the money market, so there is a chance to make a lot of money in this type of life insurance (My Life Insured, 2007). The main advantage that universal life insurance has over whole life insurance is that there is more flexibility in the policy. The cash value and the death benefits parts of your policy are broken up, so a person can decide how much of their money will go in each part (Life Insurance Wiz, 2006). The policy holder can also increase and decrease their premium depending on their situation. However, the insurance companies do have a target premium, so if you pay less than it, you may be penalized (Life Insurance Wiz, 2006). This type of life insurance policy would be best for someone who wanted to be covered for the rest of their life, and would want to be able to adjust their policy to be suit their needs. Advantages of Universal life insurance are it is the most flexible, you are able to take out loans, you can adjust your premiums due to your situation, and the cash you earn in interest can be used toward your payments. Some disadvantages are that your cash value isn’t guaranteed like it is with whole life insurance and it more costly than term and universal life insurance policies (Life Insurance Info, 2011). Variable Life Insurance Variable life insurance is also considered a permanent type of life insurance. It is considered a “pure investment policy” because the insured has completed control of how their money is invested (My Life Insured, 2007). They can decide to invest their cash account into bonds, stocks, or any other money market funds (My Life Insured, 2007). For this reason, variable life insurance is the most risky out of all the types of life insurance. If a person makes poor investment choices, they risk losing a substantial amount of their money. On the other hand, if good investments are made, the policy holder can receive a significant profit. Due to the risk of this type of life insurance, it is the most expensive one. This type of life insurance policy is only a good choice for people that understand the money market, and will remain active in watching their investments.

perspectives and frameworks from which to practice nursing

perspectives and frameworks from which to practice nursing. I’m studying and need help with a Nursing question to help me learn.

After reading Chapter 2 and reviewing
please answer the following questions. Each question must have at least 3 paragraphs and you must use at 3 least references included in your main post.

1. There is a wide variety of perspectives and frameworks from which to practice nursing. After reading the various framework and theories presented, which most closely matches your beliefs? Please explain why?2. After reading the Nurse of the future: Nursing core competencies on page 84, please describe how you plan to apply these 10 core competencies into your daily Nursing practice. Please be sure to address all 10 competencies and give specific examples.need the work done, early on this wednesday please
perspectives and frameworks from which to practice nursing