Working in Groups Essay Example for Free

Working in Groups Essay -Have you ever worked on a group project? Was it easy peasy, or was it an unforgettable nightmare? Working together is hard, its no wonder group projects have such a bad reputation. Everyone will have to work on a group project at some point in their lives with a little whether it be school, business, an organization or even an event. Often when working in groups, members communicate poorly or sometimes not at all. In some cases people may even stab each other in the back. There are many difficult situations that may arise when working in groups. Some of the most common are participation, conflict, blame and domination. There will always be some who do not participate as much as others and will take a back seat and ride along the coat tails reaping all the same rewards as others who are working very hard. There may be some conflict because people have different opinions and points of view and may challenge what is being said or done by another member. This is ok, except when comments become personal or directed at specific people. This can often lead to resentment or animosity within the group. Things may go wrong at some point and it is easy to direct blame at someone and can be very damaging to the person blame is being put upon. Other members may direct anger and frustrations toward that member causing them to with draw from the group. Some people just have stronger personalities, I myself am usually one of the more outspoken members but in this experience I chose to take on a different roll because I do not currently have the time to be in a leadership type role. Often the more dominate people leave others feeling as if they do not have the opportunity to make their point or that their point doesnt even  matter. I personally experienced this when making a suggestion at this group projects meet up. As when working on anything, there are always going to be advantages and disadvantages. The first and most important advantage is increased productivity. Each individual can use the best skills they possess, and ensure quality to their work. There will be more resources available to you and the skill level will be broader. When a member is not able to complete something for any reason there are others who can be reliable for it. In a group there will be more ideas, different points of views and many suggestions to help make the group better. The disadvantages are that there is no individual thinking even if you feel strongly about something it must be a group decision in the end. The time an individual puts into a group is unknown and not acknowledged and credit is given as a whole even if you put in majority of the work. The competitive attitudes of people working in groups can also be a problem because some may lose focus as they are worried about who is doing more work rather than who is doing good work. I have worked in groups a few times and all had very different experiences depending on the project or task assigned. I would have to say that the best group experience for me was when working on a school project. When we first met up as a group, together we assigned who would be doing what. We also set up two deadlines in which we met up and discussed progress, problems and other issues anyone was experiencing. I would have to say that project was successful because we all collaborated decisions and responsibilities. Many people as adults already know what they are knowledgeable in and what they would be most successful in completing, so we first picked and chose then assigned what was left. When you are confident or interested in what you are working on it is much easier to complete. This group assignment was difficult in my opinion. The type of experience that gives working in groups a bad reputation and I know I am partly at fault for just accepting the situation rather than trying to make it better.  First off we did not know each other prior and had no clue what to expect of each other as far as interaction and personalities. The three of us met up once in Panera during the lunch rush and loud crowds, which I found to be quite distracting. When I arrived the other two members were already sitting. It seemed that one of the group members felt she had the most experience and pretty much took over. (I will call her the lead) She stated that we can finish this today in like 30-40 minutes My thought were WHAT!! We sat looking up our topic but not seeming to get much done. I suggested that we make an outline what we want covered about our topic and then assign who does what. I received a puzzled look from both and the lead said that due to the topic and type of assignment it just was not possible as it was too broad. The other member appeared to me to be on the quiet side, kind of a go with the flow person. I decided to do the same and stepped back knowing that what I was choosing to do would be unbeneficial to all of us. I felt I would just do what I felt was necessary on my own. The possibilities of problems can be endless within groups, ranging from general negativity to specific problems such as irregular attendance, unwillingness or inability to meet up as well as aggressive behavior or arguments. But the benefits and experience of working in a group make it worth the while and a lot can be avoided by setting up clear guidelines like rules or norms for the group from the beginning. Giving positive feedback and support from other members. And most importantly when problems do arise deal with them immediately and find a resolution to overcome the difficulties within the group so that it will build trust amongst the group and it can move forward positively. People forget that when working together it is every ones goal to make decisions to lead the group forward not just an individual. Groups are made u of individuals with varying personalities, backgrounds and ideas. For a group to work well a bond needs to be developed. Every group needs a leader and each member should feel a sense of belonging, a reason and purpose for their presence in the group. Each and every group experience will have a different lesson that can be learned whether good or bad. Work Cited Armbruster, Rachel Banding together for a cause Wiley and Sons Inc. 2012 Astin, A. (1993). What Matters in college? Four Critical Years Revisited. San Francisco: Jossey-Bass. Web Oct 2014 Hammar Chiriac, Eva, Gareth J. Williams, and Carl Senior. Group Work As An Incentive For Learning Students Experiences Of Group Work. _Frontiers In Psychology_ 5.(2014): 1-10. _Academic Search Complete_. Web. Oct 2014 Rafferty, Patricia D. The Evaluation Of MBA Group Work: A Case Study Of Graduate Student Experiences And Perceptions Of Positive Group Work Outcomes. _Journal Of Education For Business_ 88.1 (2013): 43-50. _Business Source Complete_. Oct 2014

Stocks Essay -- Business, Investment, Portfolio Information

In this study, we would measure an investor’s experience as closely as possible. Therefore, in a portfolio formation, we assume an investor who follows reported insiders trading information and at the end of each month, he forms his portfolio by including all stocks that have been traded by insiders in the same month. After that he gives equal weights to each stock in his portfolio. He keeps each stock in his portfolio for X months following insiders’ trades. Furthermore, he rebalances his portfolio every month to drop all stocks that have completed X months in the portfolio and add all stocks that have been just executed. For example, if X equals to three, the portfolio of January 2008 includes all stocks with insiders’ trades in November 2007, December 2007 or January 2008. There is higher change for multiple observations on the same firm in the portfolio that occur within X months of the initial observation, for example, an insider buys stocks of firm B in January 1, 2007 and another insider buys stock of firm B in March 1, 2007. Hence, in the March 2007 portfolio, firm B will have double weight in the portfolio compared to other firms. To overcome this problem, we would consider a number of firms in a portfolio not a number of trades. By following a number of firms in the portfolio, we would provide equal weights to each company, not each trade. The measurement of performance of the portfolio A central empirical issue to measure the performance of any portfolio condition on any event is to control all other factors that may produce excess returns except a particular event. Therefore, we require a model that seems to capture much of the cross-sectional variance in average stock returns. (Fama and French, 1998). We... ...ion model would be ã€â€"IAbã€â€"_bt-ã€â€"TAã€â€"_bt=ÃŽ ±_ +ÃŽ ²(R_(m,t)-R_(f,t) )+ÃŽ ¨Ã£â‚¬â€"SMBã€â€"_t+ã€â€"ÃŽ ³HMLã€â€"_t+ÃŽ »Ã£â‚¬â€"MOMã€â€"_t+ ÃŽ µ_t (7) In similar way, to test the extent to which insiders’ sell of intangible assets companies earn less profit than those in tangible assets, we would follow equation (8). In the equation (8), the dependent variable is the difference between the calendar –time portfolio return of tangible assets and intangible assets(ã€â€"TAã€â€"_s-ã€â€"IAã€â€"_s). For example, for Jun 2007 month portfolio, ã€â€"IAã€â€"_s, is equal weighted average return for all intangible assets companies whose insiders were net buyers between January 2007 and Jun 2007 , over ã€â€"TAã€â€"_s is equal weighted average return for all tangible assets companies whose insiders were net sellers between January 2007 and Jun 2007. The regression model would be ã€â€"IAã€â€"_st-ã€â€"TAã€â€"_st=ÃŽ ±_ +ÃŽ ²(R_(m,t)-R_ft )+ÃŽ ¨Ã£â‚¬â€"SMBã€â€"_t+ã€â€"ÃŽ ³HMLã€â€"_t+ÃŽ »Ã£â‚¬â€"MOMã€â€"_t+ ÃŽ µ_t (8)

The Federal Reserve

The U. S. Federal Reserve System ECO/372 Sundeep Jain The U. S. Federal Reserve System The Federal Reserve System was founded by Congress in 1913. It was created to be the central banking system of the U. S. The Federal Reserve is designed as the superior monetary financial system of our country. The role of the Federal Reserve and its influence on the countries’ banking system has increased. The Federal Reserve System of the United States is what makes the financial wheel move. The Federal Reserve System is also known as the Central Bank of the United States.The Great Depression forced an overhaul of the state of the Federal Reserve System at that time. During the depression, many banks closed its doors and aslo many companies failed due to bankruptcy. Consequently, the unemployment rate increased to levels unheard of. The Federal Reserve System monitors and controls the banking system of the United States. One of its major responsibilities of the Reserve System is to maintai n the stability of the financial system and offers financial assistance to the countries’ banking institutions.Another responsibility is to oversee the economic stability of employment within the nations’ interests. Another responsibility of the Federal Reserve System of the United States is to stabilize the price of goods and services. The Federal Reserve System is responsible for overseeing and supervising the financial institutions operating within the United States territorial jurisdiction. In addition, the Federal Reserve System is responsible for conducting research to maintain the current state of economy and help keep it running.While it carries out its responsibilities, the Federal Reserve is independent of the main government body and is not involved with the governments’ day-to- day operations. Members of the board are appointed by the President. Also, any profits the Federal Reserve makes in revenue, are returned to the United States Treasury. The Fe deral Reserve was created to be protected from short-run political and economic pressures. The Reserve System operates on its own revenues and not money appropriated by Congress. The earnings come from interest earned from its portfolio and from money received for services provided to financial institutions.The Federal Reserve System is located in our nations’ capital, Washington D. C. It is the Overruling financial power of the U. S. The FED has the sole power to regulate all related policy. This includes things such as fixed income rates, and then deciding factors of the supply of money. The Federal Reserve System is comprised of twelve Federal Banks scattered throughout the country. Each Bank is given sole power over all commercial banks in its area. These banks oversee that all banks in its district comply with any and all rules and regulations.

World War II German Invasion of the Soviet Union

Opening an eastern front in Europe by invading the Soviet Union in June 1941, Hitler expanded World War II and started a battle that would consume massive amounts of German manpower and resources. After achieving stunning success in the early months of the campaign, the attack stalled and the Soviets began to slowly push the Germans back. On May 2, 1945, the Soviets captured Berlin, helping to end World War II in Europe. Hitler Turns East Stymied in his attempt to invade Britain in 1940, Hitler refocused his attention on opening an eastern front and conquering the Soviet Union. Since the 1920s, he had advocated seeking additional Lebensraum (living space) for the German people in the east. Believing the Slavs and Russians to be racially inferior, Hitler sought to establish a New Order in which German Aryans would control Eastern Europe and use it for their benefit. To prepare the German people for an attack on the Soviets, Hitler unleashed a broad propaganda campaign that focused on the atrocities perpetrated by Stalins regime and the horrors of Communism. Hitlers decision was further influenced by a belief that the Soviets could be defeated in a brief campaign. This was reinforced by the Red Armys poor performance in the recent Winter War (1939-1940) against Finland and the Wehrmachts (German Army) tremendous success in swiftly defeating the Allies in the Low Countries and France. As Hitler pushed planning forward, many of his senior military commanders argued in favor of defeating Britain first, rather than opening an eastern front. Hitler, believing himself to be a military genius, brushed these concerns aside, stating that the defeat of the Soviets would only further isolate Britain. Operation Barbarossa Designed by Hitler, the plan for invading the Soviet Union called for the use of three large army groups. Army Group North was to march through the Baltic Republics and capture Leningrad. In Poland, Army Group Center was to drive east to Smolensk, then on to Moscow. Army Group South was ordered to attack into the Ukraine, capture Kiev, and then turn towards the oil fields of the Caucasus. All told, the plan called for the use of 3.3 million German soldiers, as well as an additional 1 million from Axis nations such as Italy, Romania, and Hungary. While the German High Command (OKW) advocated for a direct strike on Moscow with the bulk of their forces, Hitler insisted on capturing the Baltics and Ukraine as well. Early German Victories Originally scheduled for May 1941, Operation Barbarossa did not commence until June 22, 1941, due to late spring rains and German troops being diverted to the fighting in Greece and the Balkans. The invasion came as a surprise to Stalin, despite intelligence reports that suggested a German attack was likely. As German troops surged across the frontier, they were quickly able to break through the Soviet lines as large panzer formations led the advance with infantry following behind. Army Group North advanced 50 miles on the first day and soon was crossing the Dvina River, near Dvinsk, on the road to Leningrad. Attacking through Poland, Army Group Center initiated the first of several large battles of encirclement when the 2nd and 3rd Panzer Armies drove around 540,000 Soviets. As infantry armies held the Soviets in place, the two Panzer Armies raced around their rear, linking up at Minsk and completing the encirclement. Turning inwards, the Germans hammered the trapped Soviets and captured 290,000 soldiers (250,000 escaped). Advancing through southern Poland and Romania, Army Group South met stiffer resistance but was able to defeat a massive Soviet armored counterattack on June 26-30. With the Luftwaffe commanding the skies, German troops had the luxury of calling in frequent air strikes to support their advance. On July 3, after pausing to allow the infantry to catch up, Army Group Center resumed their advance towards Smolensk. Again, the 2nd and 3rd Panzer Armies swung wide, this time encircling three Soviet armies. After the pincers closed, over 300,000 Soviets surrendered while 200,000 were able to escape. Hitler Changes the Plan A month into the campaign, it became clear that OKW had badly underestimated the strength of the Soviets as the large surrenders had failed to end their resistance. Unwilling to continue fighting large battles of encirclement, Hitler sought to strike the Soviets economic base by taking Leningrad and the Caucasus oil fields. To accomplish this, he ordered panzers to be diverted from Army Group Center to support Army Groups North and South. OKW fought this move, as the generals knew that most of the Red Army were concentrated around Moscow and that a battle there could end the war. As before, Hitler was not to be persuaded and the orders were issued. The German Advance Continues Reinforced, Army Group North was able to break through the Soviet defenses on August 8, and by the end of the month was only 30 miles from Leningrad. In Ukraine, Army Group South destroyed three Soviet armies near Uman, before executing a massive encirclement of Kiev which was completed on August 16. After savage fighting, the city was captured along with over 600,000 of its defenders. With the loss at Kiev, the Red Army no longer possessed any significant reserves in the west and only 800,000 men remained to defend Moscow. The situation worsened on September 8, when German forces cut off Leningrad and initiated a siege that would last 900 days and claims 200,000 of the citys inhabitants. The Battle of Moscow Begins In late September, Hitler again changed his mind and ordered the panzers to rejoin Army Group Central for a drive on Moscow. Beginning on October 2, Operation Typhoon was designed to break through the Soviet defensive lines and enable German forces to take the capital. After the initial success that saw the Germans execute another encirclement, this time capturing 663,000, the advance slowed to a crawl due to heavy autumn rains. By October 13, German forces were only 90 miles from Moscow but were advancing less than 2 miles a day. On the 31st, OKW ordered a halt to regroup its armies. The lull allowed the Soviets to bring reinforcements to Moscow from the Far East, including 1,000 tanks and 1,000 aircraft. The German Advance Ends at the Gates of Moscow On November 15, with the ground beginning to freeze, the Germans resumed their attacks on Moscow. A week later, they were badly defeated south of the city by fresh troops from Siberia and the Far East. To the northeast, the 4th Panzer Army penetrated to within 15 miles of the Kremlin before Soviet forces and driving blizzards ground their advance to a halt. As the Germans had anticipated a quick campaign to conquer the Soviet Union, they were not prepared for winter warfare. Soon the cold and snow were causing more casualties than combat. Having successfully defended the capital, Soviet forces, commanded by  General Georgy Zhukov, launched a major counterattack on December 5, which succeeded in driving the Germans back 200 miles. This was the Wehrmachts first significant retreat since the war had begun in 1939. The Germans Strike Back With the pressure on Moscow relieved, Stalin ordered a general counteroffensive on January 2. Soviet forces pushed the Germans back nearly encircling Demyansk and threatening Smolensk and Bryansk. By  mid-March, the Germans had stabilized their lines and any chances of a major defeat were averted. As spring progressed, the Soviets prepared to launch a major offensive to retake Kharkov. Beginning with major attacks on both sides of the city in May, the Soviets quickly broke through the German lines. To contain the threat, the German Sixth Army attacked the base of the salient caused by the Soviet advance, successfully encircling the attackers. Trapped, the Soviets suffered 70,000 killed and 200,000 captured. Lacking the manpower to remain on the offensive all along the Eastern Front, Hitler decided to focus German efforts in the south with the goal of taking the oil fields. Codenamed Operation Blue, this new offensive began on June 28, 1942, and caught the Soviets, who thought the Germans would renew their efforts around Moscow, by surprise. Advancing, the Germans were delayed by heavy fighting in Voronezh which allowed the Soviets to bring reinforcements south. Unlike the year before, the Soviets were fighting well and conducting organized retreats which prevented the scale of losses endured in 1941. Angered by a perceived lack of progress, Hitler divided Army Group South into two separate units, Army Group A and Army Group B. Possessing the majority of the armor, Army Group A was tasked with taking the oil fields, while Army Group B was ordered to take Stalingrad to protect the German flank. The Tide Turns at Stalingrad Prior to the arrival of German troops, the Luftwaffe began a massive bombing campaign against Stalingrad which reduced the city to rubble and killed over 40,000 civilians. Advancing, Army Group B reached the Volga River both north and south of the city by the end of August, forcing the Soviets to bring supplies and reinforcements across the river to defend the city. Shortly thereafter, Stalin dispatched Zhukov south to take command of the situation. On September 13, elements of the German Sixth Army entered Stalingrads suburbs and, within ten days, arrived near the industrial heart of the city. Over the next several weeks, German and Soviet forces engaged in savage street fighting in attempts to take control of the city. At one point, the average life expectancy of a Soviet soldier in Stalingrad was less than one day. As the city devolved into a maelstrom of carnage, Zhukov began building up his forces on the citys flanks. On November 19, 1942, the Soviets launched Operation Uranus, which struck and broke through the weakened German flanks around Stalingrad. Advancing quickly, they encircled the German Sixth Army in four days. Trapped, the Sixth Armys commander, General Friedrich Paulus, requested permission to attempt a  breakout but was refused by Hitler. In conjunction with Operation Uranus, the Soviets attacked Army Group Center near Moscow to prevent reinforcements being sent to Stalingrad. In mid-December, Field Marshall Erich von Manstein organized a relief force to aid the beleaguered Sixth Army, but it was unable to break through the Soviet lines. With no other choice, Paulus surrendered the remaining 91,000 men of the Sixth Army on February 2, 1943. In the fighting for  Stalingrad, over 2 million were killed or wounded. While the fighting raged at Stalingrad, Army Group As drive to the Caucasus oil fields began to slow. German forces occupied the oil facilities north of the Caucasus  Mountains  but found that the Soviets had destroyed them. Unable to find a way through the mountains, and with the situation at Stalingrad deteriorating, Army Group A began to withdraw towards Rostov. Battle of Kursk In the wake of Stalingrad, the Red Army launched eight winter offensives across the Don River basin. These were largely characterized by initial Soviet gains followed by strong German counterattacks. During one of these, the Germans were able to  retake Kharkov. On July 4, 1943, once the spring rains had abated, the Germans launched a massive offensive designed to destroy the Soviet salient around Kursk. Aware of the German plans, the Soviets constructed an elaborate system of earthworks to defend the area. Attacking from the north and south at the salients base, German forces met heavy resistance. In the south, they came close to achieving a  breakthrough but were beaten back near Prokhorovka in the largest tank battle of the war. Fighting from the defensive, the Soviets allowed the Germans to exhaust their resources and reserves. Having won on the defensive, the Soviets launched a series of counteroffensives that drove the Germans back past their July 4 positions and led to the liberation of Kharkov and an advance to the Dnieper River. Retreating, the Germans attempted to form a new line along the  river but were unable to hold it as the Soviets began crossing in numerous places. The Soviets Move West Soviet troops began to pour across the Dnieper and soon liberated the Ukrainian capital of Kiev. Soon, elements of the Red Army were nearing the 1939 Soviet-Polish border. In January 1944, the Soviets launched a major winter offensive in the north which relieved the siege of Leningrad, while Red Army forces in the  south  cleared western Ukraine. As the Soviets neared Hungary, Hitler decided to occupy the country amid concerns that Hungarian leader Admiral Miklà ³s Horthy would make a separate peace. German troops crossed the border on March 20, 1944. In April, the Soviets attacked into Romania to gain a foothold for a summer offensive in that area. On June 22, 1944, the Soviets launched their main summer offensive (Operation Bagration) in Belarus. Involving 2.5 million soldiers and over 6,000 tanks, the offensive sought to destroy Army Group Center while also preventing the Germans from diverting troops to combat the Allied landings in France. In the ensuing battle, the Wehrmacht suffered one of its worst defeats of the war as Army Group Center was shattered and Minsk liberated. Warsaw Uprising Storming through the Germans, the Red Army reached the outskirts of Warsaw on July 31. Believing that their liberation was finally at hand, the populace of Warsaw rose in revolt against the Germans. That August, 40,000 Poles took control of the city, but the anticipated Soviet assistance never came. Over the next two months, the Germans flooded the city with soldiers and brutally put down the revolt. Advances in the Balkans With the situation in hand in the center of the front, the Soviets began their summer campaign in the Balkans. As the Red Army surged into Romania, the German and Romanian front lines collapsed within two days. By early September, both Romania and Bulgaria had surrendered and switched from the Axis to the Allies. Following up their success in the Balkans, the Red Army pushed into Hungary in October 1944 but were badly beaten at Debrecen. To the south, Soviet advances forced the Germans to evacuate Greece on October 12 and, with the aid of Yugoslav Partisans, captured Belgrade on October 20. In Hungary, the Red Army renewed their assault and was able to push through to encircle Budapest on December 29. Trapped within the city were 188,000 Axis forces which held out until February 13. The Campaign in Poland As the Soviet forces in the south were driving west, the Red Army in the north was clearing the Baltic Republics. In the fighting, Army Group North was cut off from other German forces when the Soviets reached the Baltic Sea near Memel on October 10. Trapped in the Courland Pocket, 250,000 men of Army Group North held out on the Latvian Peninsula until the end of the war. Having cleared the Balkans, Stalin ordered his forces redeployed to Poland for a winter offensive. Originally scheduled for late January, the offensive was advanced to the 12th after  British Prime Minister Winston Churchill  asked Stalin to attack sooner to relieve pressure on US and British forces during the  Battle of the Bulge. The offensive started with Marshall Ivan Konevs forces attacking across the Vistula River in southern Poland and was followed by assaults near Warsaw by Zhukov. In the north, Marshall Konstantin Rokossovsky attacked over the Narew River. The combined weight of the offensive destroyed the German lines and left their front in ruins. Zhukov liberated Warsaw on January 17, 1945, and Konev reached the prewar German border a week after the offensives start. During the first week of the campaign, the Red Army advanced 100 miles along a front that was 400 miles long. The Battle for Berlin While the Soviets originally hoped to take Berlin in February, their offensive began to stall as German resistance increased and their supply lines became overextended. As the Soviets consolidated their position, they struck north into Pomerania and south into Silesia to protect their flanks. As the spring of 1945 moved on, Hitler believed that the Soviets next target would be Prague rather than Berlin. He was mistaken when on April 16, Soviet forces began their assault on the German capital. The task of taking the city was given to Zhukov, with Konev protecting his flank to the south and Rokossovsky ordered to continue advancing west to link up with the British and Americans. Crossing the Oder River, Zhukovs attack bogged down while trying to  take the Seelow Heights. After three days of battle and 33,000 dead, the Soviets succeeded in breaching the German defenses. With Soviet forces encircling Berlin, Hitler called for a last-ditch resistance effort and began arming civilians to fight in  Volkssturm  militias. Pressing into the city, Zhukovs men fought house to house against determined German resistance. With the end rapidly approaching, Hitler retired to the Fà ¼hrerbunker beneath the Reich Chancellery building. There, on April 30, he committed suicide. On May 2, the last defenders of Berlin surrendered to the Red Army, effectively ending the war on the Eastern Front. Aftermath of the Eastern Front The Eastern Front of World War II was the largest single front in the history of warfare both in terms of size and soldiers involved. During the course of the fighting, the Eastern Front claimed 10.6 million Soviet soldiers and 5 million Axis troops. As the war raged, both sides committed a variety of atrocities, with the Germans rounding up and executing millions of Soviet Jews, intellectuals, and ethnic minorities, as well as enslaving civilians in conquered territories. The Soviets were guilty of ethnic cleansing, mass executions of civilians and prisoners, torture, and oppression. The German invasion of the Soviet Union contributed significantly to the Nazis ultimate defeat as the front consumed vast amounts of manpower and material. Over 80% of the Wehrmachts World War II casualties were suffered on the Eastern Front. Likewise, the invasion eased pressure on the other Allies and gave them a valuable ally in the east.