The Elderly in the Workplace :: Psychology, Civil Rights Act

While Industrial and Organizational Psychology can be traced back almost to the very beginning of psychology, it did not truly become the science that it is today until 1964 (Landy & Conte, 2010). The Civil Rights Act of 1964 was â€Å"federal legislation that prohibits employment discrimination on the basis of race, color, religion, sex, or national origin† (Landy & Conte, 2010, p. 22). The Act, which made a great impact on the workplace, may not have been directly connected to I/O Psychology, but it appears to have ushered in the modernization of I/O Psychology (Landy & Conte, 2010). The first of many changes that occurred in I/O Psychology occurred in 1973 (Landy & Conte, 2010). It was then that the word organizational was added to the Industrial Psychology name to make it I/O Psychology (Landy & Conte, 2010). This change came about after it became apparent that it was just as beneficial to study group behavior rather than just individual behavior in the workplace (Landy & Conte, 2010). Our textbook says that the name was altered to stress that an individual who is part of an organization will be subject â€Å"to a common goal and a common set of operating procedures† (Landy & Conte, 2010, p. 23). The changing of the name may be one of the most blatant changes in I/O Psychology, but there were other changes as well. For instance, prior to the field being modernized, it placed great emphasis on mental ability tests (Landy & Conte, 2010). Currently, instead of being the main focus, they are now viewed as just being one of many things that are considered important to I/O Psychologists. A second example is that the individual branches of industrial psychology used to see themselves as separate entities and were perhaps competing rather than working together for the same goal (Landy & Conte, 2010). Luckily, the individual branches now see the importance of working together and have switched their views regarding work behavior and have now adopted a systems view (Landy & Conte, 2010). This changed outlook recognizes that there are multiple variables that impact the behavior that is seen at the workplace (Landy & Conte, 2010). One challenge that is affecting today’s workplace and that could be addressed by I/O Psychologists involves the elderly and the technology that seems to be constantly advancing. Elderly people are retiring at a later age than they did in the past, which can be connected to the economy as well as to other things.

The Wife of Bath :: Essays Papers

The Wife of Bath In the "Wife of Bath's Prologue," she tells the other pilgrims that she has much experience since she has been married five times. She believes in experience rather than in writing. We can see this in the quotation: "Who painted the leon, tel me who? By God, if wommen hadden writen stories, As clerks han within hir oratories, They wolde had writen of men more wikkednesse Than al th merk of Adam may redresse." [Norton, 132] She is very upset about the painting of a man killing a lion. Her fifth husband always reads his book about wicked wives, and he amuses himself by telling her the stories; however, she doesn't like this. She is beautiful, powerful, energetic and relies on her experience, not on any writings or paintings. To highlight her strong and powerful appearance, she wears characteristic clothes. She puts strikingly big kerchiefs on her head, which seem to weigh about ten pounds, and she wears scarlet red stockings. She also wears a hat, and it is as broad as a buckler. Garters hold her red stockings, and her shoes are soft and new. There is a pair of sharpened spurs on her feet. This probably tells us that she has had many experiences with all husbands in her life. She wears a long wide skirt. Her face is as bold as her character is, fair complexioned, and red. On the journey, she walks slowly and sits down easily. Overall, she has been respectable throughout her life. Chaucer also describes her as being deaf in one ear with a gap tooth. It was very rare for a woman in the fourteenth century to travel as a pilgrim, talk about her experiences and thoughts in public and to be married five times. The Wife of Bath is an independent and powerful woman. She strongly believes in herself and in experience rather than in written authority, which are the texts written by men. She feels this way more after she marries her fifth husband. Her fifth husband always reads a book about wicked wives. He wants to control her; however, she doesn't like it. Therefore she takes a page out of his book that he always reads since the book affects him badly; then he hits her when he finds out about her disrespectful behavior. This is the reason for her deafness. She strongly believes she or women can write much better than men do.

Aj Davis Department Store Part B

AJ Davis Department Store Part B AJ Davis Department Store Introduction The following information will show whether or not the manager’s speculations are correct. He wants to know the following information: Is the average mean greater than $45,000? Does the true population proportion of customers who live in an urban area exceed 45%? Is the average number of years lived in the current home less than 8 years? Is the credit balance for suburban customers more than $3200? Hypothesis testing and confidence intervals for situations A-D are calculated. A.THE AVERAGE (MEAN) ANNUAL INCOME WAS LESS THAN $45,000. Solution: Step 1: Null Hypothesis: The average (mean) annual income was equal to $45,000. H_0: ? =45,0000 Step2: Alternate Hypothesis: The average (mean) annual was less than $50,000. H_a: ? 45 , a z-test for the mean will be used to test the given hypothesis. As for the alternative hypothesis, which is Ha:? 0. 45 and the given test is a one-tailed (upper-tailed) z-test. Step 4 : Critical Value and Rejection Region: The critical value for significance level is ? =0. 05. The upper tail z-test is 1. 45. Rejection Region: Reject H_0,if z-statistic>1. 645. Step 5: Assumptions: The sample size in this experiment is n 0. 4 95% Lower Sample X N Sample p Bound Z-Value P-Value 1 21 50 0. 420000 0. 305190 0. 29 0. 386 Step 7: Interpretation: According to the calculations, the p-value is 0. 386. This value is larger than the significance level of 0. 05. Therefore, we will not reject the null hypothesis. There is no sufficient evidence to support the claim that the true population proportion of customers who live in an urban area is greater than 40%.Based on the results provided by MINITAB below, the lower 95% confidence limit is 0. 28. Since 0. 42 is greater than the 95% lower confidence limit, hence, we cannot support the claim that the true population proportion of customers who live in an urban area is greater than 45%. Confidence Interval: Test and CI for One Pro portion Sample X N Sample p 95% CI 1 21 50 0. 420000 (0. 283195, 0. 556805) ? C. THE AVERAGE (MEAN) NUMBER OF YEARS LIVED IN THE CURRENT HOME IS LESS THAN 8 YEARS. Solution: Step 1: Null Hypothesis: The average (mean) number of years lived in the current home is equal to 8 years.H_0: ? =8 Step 2: Alternate Hypothesis: The average (mean) number of years lived in the current home is less than 8 years. H_a: ? 50 requires that the z-test for mean be used to test the given hypothesis. The alternative hypothesis is Ha:? 3200 Step 3: Test Statistic: z= Following the provided information, the Significance Level is ? =0. 05. The alternative hypothesis is Ha: ? >3200; therefore, the given test is a one-tailed (upper-tailed) z-test. Step 4: Critical Value and Rejection Region: The critical value for significance level ? =0. 5 for an upper-tailed z-test is given as 1. 645. Rejection Region: Reject H_0,if z-statistic>1. 645. Step 5: Assumptions: The sample size in this speculation is greater tha n 30, therefore, The Central Limit Theorem (CLT) will apply, and no assumptions need to be made. Step 6: Calculation of test statistic: One-Sample Z: Credit Balance ($) Test of mu = 3200 vs > 3200 The assumed standard deviation = 742. 365 95% Lower Variable N Mean StDev SE Mean Bound Z P Credit Balance ($) 15 4675 742 192 4360 1. 96 0. 025 Step 7: Interpretation:According to the above results from MINITAB, the p-value of 0. 038 is smaller than the significance level of 0. 05; consequently, the null hypothesis will be rejected. There is sufficient evidence to support the claim that the average (mean) credit balance for suburban customers is more than $3200. Based on the results from MINITAB, which are provided below, the significance level is 0. 05; therefore, there is sufficient evidence to support the claim that the average (mean) credit balance for suburban customers is more than $3200.MINITAB reveals that the 95% lower confidence limit is 4469; therefore, 3200 is smaller than the 95% lower confidence limit, which means that the claim can be supported regarding the average (mean) credit balance for suburban customers is more than $3200. Confidence Interval One-Sample Z The assumed standard deviation = 742. 365 N Mean SE Mean 95% CI 50 4675 105 (4469, 4881) Conclusion After performing hypothesis testing and confidence intervals on each speculation, we can conclude that from the sample of 50 customers from AJ DAVIS department store, the average (mean) annual income is less than $50,000.We can also conclude that the number of customers that live in urban areas are less than or equal to 40%. The average number of years their customers have lived in their current home is more than 13. Also, the average credit balance for suburban customers is more than $4300. The manager was correct about the speculations of the average income being less than $50,000 and a customers’ credit balance being more than $4,300. For AJ Davis department store to continue a great r elationship with their customers, it wise and imperative that they continue to perform analyses of this magnitude.

Redevelopment of Manila City Jail Essay

Manila, Philippines—Filinvest Land Inc. has bagged a deal to redevelop a 1. 2-hectare property owned by the government that was the site of the old Cebu City jail on Salinas Drive in Lahug to turn it into a business process outsourcing complex. In a disclosure to the Philippine Stock Exchange on Tuesday, the property developer announced that it had submitted the winning build-transfer-operate proposal and complied with the requirements contained in the notice of award from the Economic Enterprise Council under the Office of the Governor of the Province of Cebu. The lot used to be occupied by the Bagong Buhay Rehabilitation Center and the Cebu City Treatment and Rehabilitation Center. â€Å"FLI remains bullish on the BPO sector and is rapidly expanding its office portfolio to meet the needs of the industry,† the disclosure said. â€Å"FLI believes that Cebu, in particular, has good potential for this business. † This represents an expansion of FLI’s interest in Cebu. It is currently developing the 50. 6-hectare Citta di Mare in the South Road Properties. Two mid-rise building projects, Amalfi Oasis and San Remo Oasis, are also currently being constructed under a joint venture with the Cebu City Government. Land development works on the Il Corso lifestyle strip are likewise ongoing. Other ongoing projects of FLI include One Oasis Cebu, a 3. 7 hectare mid-rise development with a total of 10 buildings adjacent to the Cebu Golf and Country Club. Two buildings have been completed and a third is targeted for completion by year-end. Finally, FLI’s Grand Cenia Hotel and Residences condotel has recently started operations as Quest Hotel and Conference Center, a three-star hotel complete with business and conference facilities. The Cebu project also scales up FLI’s BPO portfolio. As of the end of 2011, it had over 170,000 square meters of gross leasable area (GLA) from 12 buildings in Northgate Cyberzone in Filinvest Corporate City in Muntinlupa City and PBCom Tower in Makati City. At Northgate Cyberzone, another building is currently under construction and will add close to 20,000 square meters of GLA in the first half of 2013, while a 14th building is targeted to break ground within the year with a GLA of 13,000 square meters. Vector Two, which was completed in the fourth quarter of 2011, is fully taken-up and has been turned over for tenant fit-outs, the disclosure said. Meanwhile, FLI is constructing a five-storey building along EDSA across the Asian Development Bank building which is expected to be completed within 2012.

Papoer

The Impact of Music on Language & Early Literacy: A Research Summary In Support of Kindermusik’s ABC Music & Me The Impact of Music on Language & Early Literacy: A Research Summary In Support of Kindermusik’s ABC Music & Me Introduction Early childhood classroom teachers believe in the power of music to engage children. What scientifically based research supports the use of music and musical instruction to build early literacy skills?This research summary answers that question, providing support to educators who wish to integrate music and musical instruction into their early language and literacy programs in schools. This research summary reviews high-quality experimental studies conducted in classrooms with young children receiving music education, plus relevant brain research that focuses on the impact of musical instruction on the brain.The impact of music and musical instruction on early language and literacy development for young children is examined in the follow ing areas: †¢ ReadingComprehensionandVerbalMemory †¢ ListeningSkills †¢ Vocabulary,includingforEnglishLanguageLearners †¢ PhonologicalandPhonemicAwareness †¢ WritingandPrintAwareness †¢ ImpactonChildrenwithDisabilities †¢ FamilyInvolvement The research summarized below provides strong support for including music and musical instruction in the earlychildhoodclassroom.Importantly,thisrecommendationismadenotjustforthevalueofthemusical experience itself, but also because of the impact music and musical instruction can have on young children’s development of language and early literacy. Music Instruction & Reading Scores Linked Readingcomprehensionisseenasâ€Å"theessenceofreading†(Durkin,1993)andthedesiredoutcomeof reading instruction, including the focus of assessment on standardized reading tests starting in third grade.Comprehensionisdefinedasâ€Å"intentionalthinkingduringwhichmeaningisconstructedthroughinteractions betweentextandrea der†(Harris&Hodges,1995). Anumberofresearchstudieshavefoundthatchildrenwhoparticipateinmusicinstructiontendtoscorehigher on tests of reading comprehension than children who do not participate in musical instruction. †¢ Ameta-analysisof25correlationalstudies,someinvolvingsamplesizesofover500,000students, foundaâ€Å"strongandreliableassociation†betweenmusicinstructionandscoresontestsofreading comprehension(Butzlaff,2000). Astudyof4,739elementaryandmiddleschoolstudentsinfourregionsoftheUnitedStatesrevealed astrongrelationshipbetweenelementary(third-orfourth-grade)students’academicachievementas measuredbytestscoresandtheirparticipationinhigh-qualitymusicprograms(Johnson&Memmott, 2006). While these studies are appealing, one cannot conclude from correlational studies alone that the music instruction was the cause of the gains in reading scores. To answer that question, we turn to the experimental studies that involved pre- and post-testing of young children rece iving classroom music education.Theauthorsofaclassicstudy(Hurwitzetal,1975)askedwhethermusictrainingimprovedreading performance in first grade children. The experimental group received musical instruction including listening to folk songs with an emphasis the listening for melodic and rhythmic elements. The control group consisted ofchildrenwhowerematchedinage,IQ,andsocioeconomicstatusandwhoreceivednospecialtreatment. Aftertraining,themusicgroupexhibitedsignificantlyhigherreadingscoresthandidthecontrolgroup,scoring inthe88thpercentileversusthe72ndpercentile.Moreover,continuedmusicaltrainingwasbeneficial;afteran additional year of musical training, the experimental group’s reading comprehension scores were still superior to the control group’s scores. These findings provide initial support for the view that musicinstructionfacilitatestheabilitytoread. More recent research focuses on the specific impact of music instruction on the subprocesses involved in successful read ing. Researchersbelievethatmusicinstruction impacts a student’s brain functioning in processing language, which in turn impacts reading subprocesses like phonemic awareness and vocabulary.These subprocesses ultimately impact a student’s ability to read with comprehension. Music Instruction Improves Verbal Memory Research Into Practice: ABC Music & Me Kindermusik’sABCMusic&Mehelpsteachers engage young children in language- and literacy-rich musical activities that include playful instruction in foundational music skills andinstrumentexploration. Researchsuggests that engaging young children in these types of musical activities are correlated with later success in reading comprehension.Anotherwayinwhichmusicinstructionmaypositivelyimpactreadingabilityisthroughincreasedverbal memory. The findings linking music training to verbal memory are important because verbal memory is essentialforreadingprintedwordswithcomprehension. Asreadingprogressestosentencesandtextsof g reater lengths, verbal memory allows a child to retain material in memory as it is being read so that syntactic andsemanticanalysesnecessarytocomprehensioncanbeperformed.Verbalmemoryisessentialforall childrenlearningtoread(Brady,1991;StoneandBrady,1995),andpoorperformanceinverbalmemoryhas beenassociatedwithreadingdisabilitiesforyoungchildren(AckermanandDykman,1993;Cornwall,1992; Scarborough,1998). Recentbrainandpsychologicalresearchshowsthatmusicinstructioncanhaveapositiveimpactonverbal memory. †¢ Astudyofninety6-to15-year-oldboysfoundthatthosewithmusictraininghadsignificantlybetter verbal learning and retention abilities. The longer the duration of the music training, the better the verbalmemory(Ho,Cheung,&Chan,2003).Afollow-upstudyconcludedthattheeffectwascausal. The authors suggest that the cause of the increase in verbal memory was neuroanatomical changes in the brains of children who were playing music. †¢ Anotherstudyfoundthatlearningtoplaya musical instrument enhanc es the brain’s ability Research Into Practice: ABC Music & Me torememberwords. â€Å"Adultswithmusictraining ABCMusic&Meengageschildreninactive in their childhood demonstrate better verbal music-making with a variety of musical memory,†accordingtostudyauthorChan. instruments both in the classroom and at Thisbrainresearchwith60adultsshowedthat home.Researchsuggeststhatthisearly musicians have enlarged left cranial temporal experience may improve children’s verbal regions of the brain, which is the area involved in memory, an important factor in successful processingheardinformation. Asaresult,people text comprehension for later stages of reading withmusictrainingcouldremember17%more development. verbal information than those without music training(Chanetal,1998). Music Helps Build Listening Skills â€Å"Learningtolistenisaprerequisitetolisteningtolearn,†stressesresearcherMayesky(1986).Listeningisthe first language mode that children acquire, and it provide s a foundation for all aspects of language and reading development. Listeningisaverylargepartofschoollearning,withstudentsspendinganestimated50to75 percentofclassroomtimelisteningtotheteacher,tootherstudents,ortomedia(Smith,1992). Despitethefrequencyoflisteningactivityinclassrooms,listeningskillsarenotfrequentlytaughtexplicitly (Hyslop&Tone,1988;Newton,1990). â€Å"Mostteachersteach,assumingthatbecausetheyaretalking,their studentsarelistening†(Swanson,1996).Asaresult,manychildrendonotacquirethelisteningskillsnecessary to acquire new knowledge and information. Too often listening is thought to be a natural skill that develops automatically, but in fact developing good listeningskillsrequiresexplicitinstruction. â€Å"Ifweexpectchildrentobecomegoodlisteners,†¦weneed to teach them to become activelisteners†(Jalongo, 1995). Directinstructioninlisteningskillsshouldinclude â€Å"lessonsdesignedtospecificallyteachandmodelthe skillsnecessaryforactivelistening†(Math eson,Moon &Winiecki,2000). Anexperimentalstudywithyoung English language earners showed that focused listening instruction can benefit listening comprehension for childrenlearningasecondlanguage(Goh&Taib,2006). Musicalactivitiesarecitedbyresearchersaseffective experiences for building listening skills in the classroom (Hirt-Mannheimer,1995;Wolf,1992),forbothmainstream classrooms and classrooms with children who have disabilities. (Humpal&Wolf,2003). Research Into Practice: ABC Music & Me EachunitofABCMusic&Megiveschildren not only the opportunity to listen actively to music, but also includes focused listening activities using music, non-musical sounds, andlanguage.Classroomroutineshelp teachers focus children’s attention on listening todirections. Read-aloudstoriesandsongs give children opportunities to practice listening to extended discourse. Recentbrainresearch(Flohretal,1996)showsthatmusictrainingchangesandimprovesbrainfunctioning relatedtolistening. Anexperimentalstudyw ithchildrenages4to6providedmusictrainingfor25minutesfor 7weeks,andthenmeasuredbrainactivity. ThosechildrenwhohadreceivedmusicaltrainingproducedEEG frequencies associated with increased cognitive processing and greater relaxation.Music Can Build Vocabulary, including for English Language Learners Manyeducationalresearcherspromotemusicasawayto enhance vocabulary acquisition and comprehension, and emphasize music’s ability to engage children in instruction (Fountas&Pinnell,1999;Miller&Coen,1994;Page,1995; Smith,2000;Wiggins,2007). Accordingtoeducationalresearchers,thereissubstantial evidence that children acquire vocabulary incidentally byreadingandlisteningtooralstories(Krashen,1989). Duringthepreschoolyearsbeforechildrencanread, children rely exclusively on the oral language they listen to in order to acquire

Case Pneumonia Essay Example for Free

Case Pneumonia Essay Pneumonia is an inflammation of the lungs caused by an infection. It is also called Pneumonitis or Bronchopneumonia. Pneumonia can be a serious threat to our health. Although pneumonia is a special concern for older adults and those with chronic illnesses, it can also strike young, healthy people as well. It is a common illness that affects thousands of people each year in the Philippines, thus, it remains an important cause of morbidity and mortality in the country. There are many kinds of pneumonia that range in seriousness from mild to life-threatening. In infectious pneumonia, bacteria, viruses, fungi or other organisms attack your lungs, leading to inflammation that makes it hard to breathe. Pneumonia can affect one or both lungs. In the young and healthy, early treatment with antibiotics can cure bacterial pneumonia. The drugs used to fight pneumonia are determined by the germ causing the pneumonia and the judgment of the doctor. It’s best to do everything we can to prevent pneumonia, but if one do get sick, recognizing and treating the disease early offers the best chance for a full recovery. A case with a diagnosis of Pneumonia may catch one’s attention, though the disease is just like an ordinary cough and fever, it can lead to death especially when no intervention or care is done. Since the case is a toddler, an appropriate care has to be done to make the patient’s recovery faster. Treating patients with pneumonia is necessary to prevent its spread to others and make them as another victim of this illness. The lungs constitute the largest organ in the respiratory system. They play an important role in respiration, or the process of providing the body with oxygen and releasing carbon dioxide. The lungs expand and contract up to 20 times per minute taking in and disposing of those gases. Air that is breathed in is filled with oxygen and goes to the trachea, which branches off into one of two bronchi. Each bronchus enters a lung. There are two lungs, one on each side of the breastbone and protected by the ribs. Each lung is made up of lobes, or sections. There are three lobes in the right lung and two lobes in the left one. The lungs are cone shaped and made of elastic, spongy tissue. Within the lungs, the bronchi branch out into minute pathways that go through the lung tissue. The pathways are called bronchioles, and they end at microscopic air sacs called alveoli. The alveoli are surrounded by capillaries and provide oxygen for the blood in these vessels. The oxygenated blood is then pumped by the heart throughout the body. The alveoli also take in carbon dioxide, which is then exhaled from the body. Inhaling is due to contractions of the diaphragm and of muscles between the ribs. Exhaling results from relaxation of those muscles. Each lung is surrounded by a two-layered membrane, or the pleura, that under normal circumstances has a very, very small amount of fluid between the layers. The fluid allows the membranes to easily slide over each other during breathing. PATHOPHYSIOLOGY Pneumonia is a serious infection or inflammation of your lungs. The air sacs in the lungs fill with pus and other liquid. Oxygen has trouble reaching your blood. If there is too little oxygen in your blood, your body cells can’t work properly. Because of this and spreading infection through the body pneumonia can cause death. Pneumonia affects your lungs in two ways. Lobar pneumonia affects a section (lobe) of a lung. Bronchial pneumonia (or bronchopneumonia) affects patches throughout both lungs. Bacteria are the most common cause of pneumonia. Of these, Streptococcus pneumoniae is the most common. Other pathogens include anaerobic bacteria, Staphylococcus aureus, Haemophilus influenzae, Chlamydia pneumoniae, C. psittaci, C. trachomatis, Moraxella (Branhamella) catarrhalis, Legionella pneumophila, Klebsiella pneumoniae, and other gram-negative bacilli. Major pulmonary pathogens in infants and children are viruses: respiratory syncytial virus, parainfluenza virus, and influenza A and B viruses. Among other agents are higher bacteria including Nocardia and Actinomyces sp; mycobacteria, including Mycobacterium tuberculosis and atypical strains; fungi, including Histoplasma capsulatum, Coccidioides immitis, Blastomyces dermatitidis, Cryptococcus neoformans, Aspergillus fumigatus, and Pneumocystis carinii; and rickettsiae, primarily Coxiella burnetii (Q fever). The usual mechanisms of spread are inhaling droplets small enough to reach the alveoli and aspirating secretions from the upper airways. Other means include hematogenous or lymphatic dissemination and direct spread from contiguous infections. Predisposing factors include upper respiratory viral infections, alcoholism, institutionalization, cigarette smoking, heart failure, chronic obstructive airway disease, age extremes, debility, immunocompromise (as in diabetes mellitus and chronic renal failure), compromised consciousness, dysphagia, and exposure to transmissible agents. Typical symptoms include cough, fever, and sputum production, usually developing over days and sometimes accompanied by pleurisy. Physical examination may detect tachypnea and signs of consolidation, such as crackles with bronchial breath sounds. This syndrome is commonly caused by bacteria, such as S. pneumoniae and H. influenzae. NURSING PROFILE a. Patient’s Profile Name: R. C. S. B. Age: 1 yr,1 mo. Weight:10 kgs Religion: Roman Catholic Mother: C. B. Address: Valenzuela City b. Chief Complaint: Fever Date of Admission: 1st admission Case Pneumonia. (2018, Oct 16).

Enterpreneurship Essay Example | Topics and Well Written Essays - 1000 words

Enterpreneurship - Essay Example It is evident that e-mail, the notable contribution of information technology provides users with a simple and inexpensive way of communication. Over the last decade, more high-tech communication facilities have been developed including voice over internet protocol telephones and smartphones, which allow personnel to communicate through live chat systems. Likewise, data management is another important role of information technology in modern organizations. As MacKechnie points out, many of the companies nowadays deploy digital versions of documents on storage devices in order to get rid of the troubles associated with bookkeeping. This system promotes easier and immediate access of data in a multinational corporation regardless of its geographical locations. In addition, the IT plays a notable role in managing the inventory levels of an organization. Since purchase, production, and distribution processes of a firm are connected by a computer system, it is possible to maintain effecti ve control over stock and to ensure inventory optimization. According to McAulay, the management Information Systems (MIS) greatly assist companies to accurately trace productivity levels, sales data, and operational expenses. Thus, the information gathered can be effectively employed to analyze profitability, to point out areas of improvement, and finally to increase returns on investment over time. Furthermore, Customer Relationship Management (CRM) system is an effective application of information technology that stores every interaction a company makes with its customers. Such a system aids the company to deliver improved services to its customers and thereby to maximize its sales volume. Impact of IT on entrepreneurs and their organizations According to John, since information technology plays a vital role in transferring technology from institute to industry, it greatly assists entrepreneurs by introducing technological changes in management and emphasizing on their relevance in the present environment. John adds that IT sector provides information to all business entrepreneurs without any discrimination (109). This easy accessibility to information has greatly aided entrepreneurs to focus more on their planned venture. In addition, IT also ensures that entrepreneurship is not concentrated in particular area or people. The affordability of information assisted entrepreneurs to bring greater and deeper improvements in their venture. The IT developments enhanced cross border information sharing and this situation greatly aided entrepreneurs across the globe to effectively plan their venture development process. The developments in information technology â€Å"will also bring about access to just-in-time information of business opportunities† (John, 109). The emergence of e-commerce was a milestone in business management that entirely restructured the way organizations provide value to external and internal customers. In short, the rampant developmen ts in IT sector including the introduction of e-commerce were helpful to entrepreneurs to redesign their operations so as to ensure increased customer satisfaction. 2. Differences in Asset Structure Across the global market, today’s economy is considered to be the â€Å"knowledge-based economy†, where the responsibility of creating value lies heavily on the various kinds of assets related to all kinds of knowledge, which is called the intangible