Monday, January 27, 2020

Small And Medium Enterprises In Bangladesh

Small And Medium Enterprises In Bangladesh There is great interest in small and medium enterprises (SMEs) as major tool of poverty reduction in Bangladesh. Government of Bangladesh formulated a comprehensive Industrial Policy-2005 by putting special emphasis for developing Small and Medium Enterprises (SMEs) as a thrust sector for balanced and sustainable industrial development in the country to help deal with the challenges of free market economy and globalization. With multilateral trade negotiations is often leading to improving market access and with developing countries also being a lot more willing than before to participate in globalization, rich country government and the aid agencies have apparently decided to focus on the SMEs as one important ingredient of private-sector development. Small and Medium-sized Enterprises (SMEs) have been playing a pivotal role in terms of economic growth, employment generation, poverty reduction and industrialization (e.g. through entrepreneurship development) in Bangladesh. Industria lizations link to poverty reduction is through charging-up the growth rate of the country, enhancement of the productivity of the worker(s) in employment, providing employment to the unemployed, expanding consumer spending and thus the confidence level by sharing lower costs from scale economies via lower prices. As a result SME in Bangladesh takes several strategies to grow itself economy of this country. Such as Market development strategy, product development strategy, diversification strategy etc. The Government of Bangladesh constituted the taskforce to monitor and operate Small Medium Scale Industries late in 2003. Present era is totally technology based; there is no any scope to operate business vigorously without technology. So each and every business sector in developed countries is using modern technology whereas our business mainly SME is using ancient methods which are not consistent with present up rising competition. Most of the small businesses in Bangladesh are no t able to export goods to other countries after meeting the demand of own country. But it is also true that our SME sectors are developing day by day and it is contributing more in economics in Bangladesh than previous time. Chapter -1: Introduction 1.1 Background of the report There is no chance to deny the fact that Bangladesh needs a sustained level of growth of small and medium enterprises (SMEs) in order to reduce poverty. Having predominance of agro-based economic activities, low level of technological development, lack of availability of highly skilled laborers, small scale businesses have been suitably developed in the country. Considering the countrys level of economic growth, composition of resources or natural resources, level of international integration, and growing urbanization, industrialization there is huge scope for developing diversified and new SMEs in agriculture, manufacturing, service sectors etc. Scope of employment can be enlarged or widened both in rural and urban areas, which will help to reduce income inequality between urban and rural areas by SMEs. SMEs contribution to the economy is well-known. According to BSCIC (2009), small and cottage industries accounted for 90.91 per cent of total industrial establishments in 20082009. About 90 per cent of total employment and more than 55 per cent of total manufacturing value added originated from SMEs. In another estimate, there are around 66000 small industry units and 611,612 cottage industry units, which provide employment of nearly 3.5 million people. When handlooms are added, the number of cottage industry units alone shoots up above 700,000 (BSCIC, 2009). SMEs achieved considerable growth in different sub-sectors like, paper, printing and publishing; non-metallic mineral products; metal products; chemical; food, beverage tobacco etc. SMEs growth in Bangladesh is comparable with the growth achieved in different large scale industries in Bangladesh. However, a number of challenges have slowed down the development or growth of SMEs. In spite of its extensive coverage in manufacturing and service related activities, productivity of SMEs is not good in our country. In a number of sectors, there is no well-structured value chain developed between upper stream and lower stream. It is true that growing urbanization in the country and rising per capita income at urban level have been creating demand for relatively better quality products at a higher price, instead of low quality products at lower price. Currently, a larger part of this demand has been met up by low-priced, low quality imported products, because local SMEs are not able enough to provide satisfactory amount of better quality products. Though SME is becoming gradually a rising industrial sector in our country and contributing more and more in export, this sector faces several problems like- lake of technical know-how, shortage of long term financial support, lack of skilled workers, marketing link, research and development. Naturally, development of competitiveness of local SMEs is the major challenge that has to be met in order to sustain and enlarge the growth of this sector. The major objective of this report is to show the growth of SME, present status of SME, problems faced by SME and government policies to operate SME in our country. 1.2 Objectives The major objective of this report is to explore the: Current development status of SME in Bangladesh Problems faced by SME Government policies to operate SME in our country 1.3 Limitation Although it has been tried on the level best to make this report based on facts and complete information available, there are some limitations that are inevitable. They are following: This study is limited to only the development of SME in Bangladesh; There was a time limitation as three months internship period is not enough to study the growth of SME; Primary data is collected from different SMEs owners by questionnaires. So without trust on owners answers there is no any way to justify these answers. Chapter -2: Methodology To explore the growth of SMEs in Bangladesh others terms such as current status of SME, problems faced by SME, Government policies etc are described in this report. This report basically focuses on growth of SME in Bangladesh. 2.1 sampling design Sampling size is 20 2.2 Methods of collecting data For completing this report data is collected from two sourcesà ¢Ã¢â€š ¬Ã‚ ¦ primary Secondary Primary data Sources: Primary data is collected by questionnaires from direct respondents (small business owners). Questionnaires are also adjusted with this report. Secondary data sources: Secondary data is collected from different News paper, Web sites, Different articles, Report, etc. 2.3 Analytical tools Simple equation is used to analyses this questionnaires. Chapter -3 Literature review In the business world, small and micro-businesses form an absolute majority worldwide. Bangladesh as a developing country has started refocusing its attention on SME to enhance its economic stability. Though there is no any standard definition of SME in the world, we can say that small business is a business which starts its activities with small amount of capital, small amount of land, few numbers of employees to serve small numbers of customers it is known as small business. This paper sets out to analysis the small business growth in Bangladesh. The terms growth, success are often very closely linked and are sometimes even used as synonyms. Traditionally they are all measured by hard financial measures, such as turnover, or by increased numbers of Employees. This report tries to show the roles of SMEs for overall development of Bangladesh. Such as economic growth, poverty alleviation, employment generation, and the growth dimensions in three major sectors agriculture, industry, and service. The study also shows the bottlenecks of SMEs and the effect of globalization on its development in Bangladesh to the success of SMEs in exploiting, surviving, rapid globalization of markets. In this paper the final pursuit is to develop a framework to illustrate a sustainable business solution that simultaneously fight poverty and accelerate economic growth through SMEs. SME takes several strategies to grow itself as well as economic development of Bangladesh. Such as Market development strategy, product development strategy, diversification strategy etc. Small and Medium-sized Enterprises (SMEs) are playing a pivotal role in terms of economic growth, employment generation, and industrialization (e.g. through entrepreneurship development). Many authors expressed their opinion about SME growth in developing country like Bangladesh. These are given belowà ¢Ã¢â€š ¬Ã‚ ¦ Beck, Kunt, and Levine (2005) in SMEs, Growth, and Poverty states that Cross-Country Evidence have found a strong association between SMEs development and Gross Domestic Product in per Capita. Harvie (2004) in East Asian SME capacity Building, competitiveness and Market Opportunities in a Global Economy postulates that developing economies are especially seeing small business as potential instruments for the alleviation of poverty. Carl Liedholm, Michael, McPherson and Anyinna Chuta et al show that The percentage of job growth coming from enterprise expansion in rural areas is significantly higher than that of urban areas in developing country. Above mentioned opinions of different authors show the growth trend of SME in developing country like Bangladesh. Actually SME helps poor people to develop their position. This report tries to shows that the SMEs activities its impact on our economic growth. For developing the sense about SME its impact this report is based on field survey. Though SME is an important component of economic growth so it has to keep relation with others factors such as knowledge, capital mobilization, creativity, ability to take initiatives, record keeping, financial control, industry management experience, etc which are very important to enhance economic growth of this country. This report also focuses on these factors. In our country majority percent of entrepreneurs take decisions by their own sense. Small business brings great opportunity for small capital owners. They can easily use this small capital can remove poverty. Though small business owners are poor, they need support from external and internal sources. Here relatives different financial institutions play important roles in this case. Considering all these, the governments of many developing and less-developed countries are adopting separate SME policies. Bangladesh government has developed rules regulations to run the SME in Bangladesh. Tax rebate, interest of loan, location of this business etc are main factors have great impact on economic growth which taken by the government to run SME. After the independence of Bangladesh governments of different tenures took a long time to realize the need of entrepreneurship development. We may get the scenario if we analyze the development by deferent government tenure. à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. 1972-1975 Period: During this period trade policy of the country was mainly project-oriented. As the country was just free from an autocratic reign of Pakistani juntas and the industrial infrastructure was damaged by the war of liberation, so, government of the then period had no alternative but to initiate by itself. Private participation over the industrial sector was totally stopped. Government initiated to establish large number of nationalized industries. As a result entrepreneurship development concept was totally lost. 1975-1982 Period: From this time government realized the need of entrepreneurship development for economic growth. Government started to privatize its seek industries and introduced deregulation policies in industrial sector. New private entrepreneurs were created with new enthusiasm. These governments introduced mixed economic system. 1982-1990 Period: Privatization and deregulation policies started in some specific sectors. Selling the seek industries to private sector got momentous. Entrepreneurship was encouraged by formulating appropriate fiscal policies. 1991-2004 Period: Governments of these periods introduced market economy to a significant extent. Initiated policies to liberalize the trade policies. Privatization board was constituted to explore the environmental opportunities. Export-oriented privatization policy was introduced. GATT, WTO established took up some issues in this country by the international policies and to provide some ways and strategies. It is another factor that, how many numbers of SME in our country it is not easy to say. So, no one knows for sure how many SMEs are in Bangladesh today. In 1975 BSCIC (Bangladesh Small and Cottage Industries Corporation) surveyed to find out the actual numbers of SME in our country, but until today actual numbers of SME are not found out. SME growth is also affected by the environment -external internal. External environment is very important to internationalize SME. Environment is major component of development without it development cannot move away. So SME has to maintain the rules and regulation of environment. To grow SME financial non-financial indicators are very important. The combination of these two factors brings the economic success of a country. To develop small business there are many institutional arrangements, which vary degrees of effectiveness in the following areasà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ Financial support: Long-term financing are generally provided by Bangladesh Bank, other specialized bank and financial institutions. Commercial bank provide short term loan to business enterprise regardless of the size in the form of general credit, industrial credit, rural credit program, micro credit, special credit, etc at varying interest rate of 11-16% depending on the purpose of development. Human resource development: Small business needs skilled manpower for production, management and accounts. A number of organizations are engaged in these activities such as BUET, BIT, Polytechnic and Vocational Training Institutes, etc for making skilled manpower. Policy Instruments: Government has been supporting small business through various policy formulations and their implementation. Ministries of industry, Ministry of Finance and Planning, Ministry of Commerce and Bangladesh Bank have developed necessary policy to develop SME. Business Development Services: Business Development Services are designed to help micro, small and medium enterprises overcome these barriers to increased productivity, profitability and access high value markets so that they can realize their potential help to poor people work their way out of poverty, grow local economies and creates jobs. In Bangladesh SME faces many problems. As a developing country these problem should be overcome. Otherwise our SME sectors will not be able to see the success. To overcome these problems to develop small business in our country in future below mentioned factors should be accepted: Training Motivation Loan facility Proper application of rules Appropriate place Opportunity to capital utilization Chapter-4 SME in Bangladesh 4.1 Definition of SME Small business is any business that independently owned and operated, is not dominant in its own field and does not engage in any new or innovative practices. It is an integral part of the total business scene in any country. It means the size of which is not big the size again depends on the yardstick one uses to measure. 4.1.1 According to industrial policy For manufacturing industries, the Taskforce recommends that: an enterprise should be treated as small if, in todays market prices, the replacement cost of plant, machinery and other parts/components, fixtures, support utility, and associated technical services by way of capitalized costs (of turn-key consultancy services, for example), etc, were to up to Tk. 15 million; an enterprise would be treated as medium if, in todays market prices, the replacement cost of plant, machinery, and other parts/components, fixtures, support utility, and associated technical services (such as turn-key consultancy), etc, were to up to Tk. 100 million; from both definitions above, land is excluded. For non-manufacturing activities (such as trading or other services), the Taskforce defines: An enterprise should be treated as small if it has less than 25 workers, in full-time equivalents; An enterprise would be treated as medium if it has between 25 and 100 employees; From both definitions above, land and structures, once again, are excluded. 4.2 Government policies of SME in Bangladesh As a developing country to develop its economic status and to reduce the poverty rate, SME is very important sector in Bangladesh. But unfortunately, until today Bangladesh could not make separate SME policy to operate this sector significantly. Some very simple polices are included in the industrial policy in 2005. These areà ¢Ã¢â€š ¬Ã‚ ¦ The Industrial Policy-2005 states: the SME sector has been given priority as a privileged sector. The PRSP states: The Government will pursue an employment intensive industrialization with emphasis on SMEs and export-oriented industries. . The Small and Medium Enterprise Cell (SMEC) was created in the Ministry of Industries (MOI) in 2003, and was tasked to take specialist interest in SMEs development. October 2003 saw the constitution of the SME Taskforce (SMETF), with the Principal Secretary to the Prime Minister as the convener. The SMETF blended the Government, the private sector, academia and the civil society as participants. The Taskforces report was approved by the Government early in 2005. On the basis of the report of the SME Taskforce, the Government of Bangladesh issued Small Medium Enterprise Policy Strategies, 2005 to provide a framework for interventions and policy strategies for the development of SMEs. The Government constituted a Small Medium Enterprise Advisory Panel (SMEAP) as an independent and meritocratic brains-trust for the MOI for all developmental, technical and structural advisories in the name of SME development. According to Industrial Policy 2005, there are special fiscal incentives for SMEs. Since Industries will enjoy tax holiday facility for a period of 5 to 8 years depending on the locations; Agro-processing and computer software industries will receive income tax relief for a fixed period; Industrial enterprises engaged in the production of RMG will receive taxation facility at a reduced rate of 10 per cent on their export income; Special revenue facilities will be provided to industries marked as thrust sectors, SMEs and cottage industries; Industrial enterprises registered with the Board of Investment need not pay any transfer fee; The Government is committed to develop industrialization led by the private sector amid a business environment that can bring out the best among all SME stakeholders It is also pointed out in the industrial policy that Bangladesh government has taken initiatives to make separate SME policy. But when this policy will be made and implemented it is a big question today. 4.3 Strategy for Small Business development in Bangladesh Four strategies we can follow to grow the Small Business in our country. These are given belowà ¢Ã¢â€š ¬Ã‚ ¦ Penetration strategy Product Development Strategy Market development Strategy Diversification Strategy Penetration strategy A Penetration strategy focuses on the firms existing product in its existing market, and entrepreneurs try to develop the product and market by encouraging existing customer to buy the more of the firms current product. Market development Strategy It is a strategy which grows small business by selling the firms existing product to the new customers There are several strategies under the market development strategyà ¢Ã¢â€š ¬Ã‚ ¦ Market Development Strategy Geographical Market Demographic Market Product use B.1) Geographical Market: This simply suggests selling the existing product in new location. B.2) Demographic market: demographics are used to characterize customers based upon their income, where they live, their education, age, and sex; and so on. B.3) Product use: An entrepreneur might find out that people use its product in a way that was not expected. This new knowledge of product use provides insight into how product may be valuable to the new group o buyers. C) Product development strategy Product development strategy for growth involve developing and selling new product to people who are already purchasing the firms existing product. Diversification strategy This strategy involves selling a new product to a new market. 4.3 Opportunity and challenges for SME of Bangladesh Opportunities: Bangladesh is an agricultural country. 85% populations of Bangladesh are Farmer. So agricultural gets the priority all times. But today people are becoming aware of industry. In this circumstance small business has huge opportunity to develop itself in our country. Some important opportunities of SME are described in below- Education Rate: The education rate of Bangladesh is increasing day by day. Educated people are always tried to do something new, and they are not afraid of taking risk. So, new businesses are being launched day by day. Industrial Policy: Industrial policy help people to do business correctly and it provides many facilities to new business owners. So, small business is seeing new sun of success. Availability of Resources: In our country there are many resources to develop and operate small business significantly. Foreign Market Potentiality: Small business of Bangladesh produces many goods which have demands in foreign market, and can earn huge foreign currency. So, small business is developed day by day. Honorable Profession: Many people imagine that Small Business is very prestigious profession. So, young people are developing small business day by day. Environment: Environment of Bangladesh is appropriate for business. Those businesses are not appropriate in ice-land area these are appropriate in our country. Growth of domestic product GDP of a country is very important to measure the growth of SMEs. In our growth rate is becoming good day by day. Current GDP growth of our country is 6%. Without above mentioned opportunities there are many other reasons for which Small Business is developing successfully. Problems of SME in Bangladesh: There is a great prospect of SME in Bangladesh. It plays a pivotal role in the economic development of this country but SME of Bangladesh faces many challenges in different areaà ¢Ã¢â€š ¬Ã‚ ¦ Government policy Until today Bangladesh could not make a standard SME policy to operate this sector significantly. Moreover the government policy emphasizes on production factors rather than human factor. Human factor is getting the least attention for the promotion of small business in the country. There is another problem for making the policy. Government is not making a clear cut policy of developing small business in the country. Awareness of facilities Sometimes government offers a few facilities to the small business but owners of small business are not aware of the available facilities in the country for establishing small business. There is no any proper media to aware small business owner about facilities. Training facilities To develop entrepreneurship and small business in the country availability of training and education facilities is must. But in Bangladesh there are hardly any training facilities for the small businessman. Incentive measure To develop the small and medium enterprise government of country has to provide the incentive measure. But here the small entrepreneurs are deprived of such incentives. Loan facilities Different financial institutions are offering loan facilities to small business owner. But it is a problem that small business owner who has no any power doesnt get loan facilities very easily. Security Many small business owners operate their business in open place like field, road, bus, and in other transportation. They are not secured because they face many dangerous situations. Women entrepreneurship Women are controlled by man means husband or father or elder brother. So women small business cant be operated very smoothly. In our country there is no suitable social environment to operate small business by women. Small capital Small business owners have no huge capital to operate the business. So they cant achieve the apex of goal. Modern technology they cant use and standard product they cant produce. Above mentioned points are considered as strong barriers of SME development in Bangladesh. So it can be said that to increase the contribution of SMEs on Bangladesh economy government, NGOs, commercial banks, others financial institutions have to put great emphasize on SMEs sector in Bangladesh 4.4 Government budgetary measures for the development of SME in 2010 Table Sectors Taka(cr) % Fiscal year Economy industry 1219 1.07% 2010-2011 Business 185 0.16% 2010-2011 Bangladesh is agriculture based country. So main priority is given to this sector always, but comparatively business sector always gets little priority, though it has great contribution on our economy. To develop the SME sector Bangladesh government has to give great priority to this sector. 4.5 Role of SME on economic development of Bangladesh The role of small and medium enterprises (SMEs) to economic development of a country is well organized. Across the globe it is strongly perceived that SMEs do play vital role in the industrial development, economic development of a country. Bangladesh is not lagging far behind in this respect. SME has great opportunity in this country. Environment, cheap labor, business strategy etc are the key features of SME. In view all the favorable factors; there is an urgent need in development of SME in Bangladesh as a developing country. SMEs are characterized on the basis of size, investment and employees in most countries across the world. Here are small business are those which have employees less than 50 person and have an investment of less than tk. 250 million. On the other hand, medium enterprises are those which have investment between tk.250 million and tk. 500 million with the number of employed workers ranging to 50 and 99. Generally, hand loom, food processing, lather and tannery, ceramic, light engineering, electric and electronic, handicraft, specialized textile and garments etc are fall in the category of small and medium enterprise. Information from MIDAS suggested that, around 88% of countys total industrial workforce is employed in the SMEs and the sector manufactures over 33% of industrial value added goods. Although there is no concrete information about number and types of SME in Bangladesh, an estimate of the Bangladesh small and cottage industries corporation (BSCIC) says that, there are over 42000 cottage industries in Bangladesh. There are also tens of thousands of small industries and a large number of hand loom and power loom industries in this country. Despite having huge potential to flourish, the growth of SME sector in Bangladesh is being impeded by multifarious problem, both at micro and macro levels. Inadequate knowledge of many entrepreneurs about the existing lending system and absence of necessary training facilities for small enterprise, widespread corruption and extortion and high rate of value added tax and unnecessary harassment from taxvat officials, law enforcer etc are also seen as impediments for the growth of SME. On the other hand absence of modern technology transfer policy, lack of infrastructure and support like port, power, gas, poor law and order, inadequate legal frame work, policy have been identified as the key macro level problem. Bangladesh SMEs have no enough exposure to international market. Considering the above all situation, Bangladesh government along with donors support took some measures over the year to support the development of SMEs. Various institutions including the BSCIC, BOI (Board of investment) Commercial banks, other financial institutions are working to promote the MSE sector, but their services and support are still inadequate. Experts argue that all the institutions have to build up capacity and upgrade their attitudes to provide appropriate and quick service to entrepreneurs. The government has already given special attention to the promotion of SMEs sectors. Though government and others financial institutions have given special attention to the promotion of SMEs sector, the contribution of non-government organization in this sector is still poor. So it can be said that to increase the contribution of SMEs on Bangladesh economy government, NGOs, commercial banks, others financial institutions have to put great emphasize on SMEs sector in Bangladesh. Chapter 05: Present status of SME in Bangladesh questionnaire This part is based on survey through questionnaires. Calculation: Number of respondent: frequency ÃÆ'-100 Question 01: Age of entrepreneurs Table -01 Responses 20-25 26-30 31-35 36-40 41-more Total Number of respondent 02 04 08 04 02 20 Percentage 10% 20% 40% 20% 10% 100% From the above table we can state that, 31-35 years people are more interested to do own business like SME. Question02: Owners of SME are male or female Table-02 Responses Female Male Total Number of respondent 7 13 20 Percentage 35% 56% 100% From above data we can conclude that male is more interested than female. Ques

Sunday, January 19, 2020

Motivation in Economic Downturn for Surviving Employees

| Motivation in Economic Downturn for Surviving Employees| Awesome| Julia Gao Helen HuHannah Hung Chimeme Pan Johnson SunMandy WongYidi YuElaine Zhu| | 4/15/2013| | Motivation in Economic Downturn for Surviving Employees 1. Executive summary The global economy experiences a downturn every five to ten years nowadays. During such financial crises, organizations might have to face the issue of lay-off in order to reduce cost and survive from the downturn. Apart from the negative effects on the unemployed, those survivors also go through a hard time.This report has firstly investigated possible negative effects on remaining employees. It is found that survivor syndrome, including five major types, occurs among survivors. Besides, four relevant solutions for managers are provided to minimize the negative influence on remaining employees and to support future development of the company. Lastly, current issues and concerns with respect to motivation maintenance are also discussed for feasib ility. 2. Introduction During the financial crisis, many organizations are downsizing and laying off their employees.A major factor that contributes to the failure of most organizations to achieve their objectives after downsizing is that they do not adequately and effectively address the â€Å"people factor† related to surviving employees throughout the process. In other words, most companies focus on comforting the leavers instead of concerning the negative effects on the survivors. Survivor Syndrome is a mental condition that occurs when people perceives themselves to have done wrong by surviving a traumatic event when others did not.In the field of management, it refers to the negative psychological and physical impact that originations’ layoffs bring to the remaining workers (Cascio, 1993). In this report, we identified 5 major negative effects on survived employees and provide possible solutions to the managers. 3. Major negative effects 3. 1 Psychological effect s 1. Job insecurity. Survivors wonder how long they will be able to keep their jobs, and they worry that they are not prepared to find work elsewhere, or that there are no comparable outside jobs.Since survivors are at the risk of losing jobs, they no longer regard themselves as an integral organization member, as which they are responsible for the future of organization. 2. Depression, anxiety and fatigue. The process is demoralizing and stressful for the managers who must lay off employees, as well as for employees who lose friends and colleagues. After the layoffs, more work and more pressure to perform, mentally and emotionally drained after survival. 3. Reduced risk-taking and creativity.Many survivors are afraid to face challenging jobs, accept a new task, or discuss a work-related problem for fear that they expose themselves to criticism or poor performance appraisals and become the target of future layoff. As a result, they are receptive to their status quo as being â€Å"s afe† instead of taking initiative. 4. Distrust and betrayal. Doubts may arise about the wisdom of the layoff choices when survivors believe that someone laid off is more capable than a remaining one.The feeling of unfairness can lead to worries about the transparency of organization operation thus causing distrust and possible job-hopping. 3. 2 Physical effect Apart from the psychological negative effects, layoffs may also influence the physical health of the survivors. Great pressure and heavy workload can have a bad impact on employees’ immune system. Under this situation, people are probably to have more physical symptoms, like stomachache, headache and cold. 4. Solutions for managers The following are four solutions provided to minimize negative effects on survivors. . 1 Open Communication Research has proposed that procedural justice, which is the perceived fairness of the process used to determine distribution of rewards, has a critical role to play in the managem ent of employee organizational commitment, trust in the corporations and turnover intentions. Hence in times of uncertainty and fear, increasing the perception of procedural justice is the key to rebuild trust and confidence among the employees and hence combat the Layoff Survivor Syndrome. This could be achieved through open communication. . 1. 1 Communicate about the downsizing Managers could pursue promoting perceived fairness and transparency through openly addressing the downsizing event, explaining explicitly and honestly the rationale as well as procedure for the layoffs and illustrating how the action of downsizing will lead to future organizational success. Open-book management, a strategy that is designed to help facilitate the communication process, is widely adopted by many recognizable corporations such as the HSBC Group and Cathay Pacific during downsizing.Through disclosure of the detailed business and financial information, the practice provides employees with insigh ts into the company’s situation and hence the rationale for layoffs. Moreover, the approach empowers employees to take ownership of their work as they are now fully aware of the implications of their actions on the company’s performance. As a result, they are motivated to take the initiative to help reduce cost. Furthermore, managers should be candid about the potential drawbacks of the policy.For instance, while downsizing inevitably leads to increased workload and prolonged working hours that create an overwhelming stress for the survivors, timely and quality communication with the employees about their new roles and responsibilities is hence imperative to help them better manage the pressure and maintain employee morale and productivity. 4. 1. 2 Communicate about the future Goal Setting Theory clearly demonstrates that working towards a goal is a major source of job motivation.Effective communication about the organization’s post-layoff goals and visions is t herefore important in maintaining and strengthening employee commitment. Regular update on the organization’s long term strategies will further reinforce trust and confidence among the employees, as not only does the action assure them that the leadership is actively solving the problems, but also conveys a clear message that they are being valued and respected by the company. While open ommunication should be encouraged at all levels, special attention should be devoted to the group of employees who are highly skilled and professional in their field due to their great inclination to leave for greener pastures in times of uncertainty, as well as those who are personally affiliated with the laid off as they tend to experience the greatest emotional toll from loss of their co-workers. 4. 2 Job reassignment Job reassignment means to redesign individual roles according to their talents and background.Job reassignment is essential in clarifying everyone’s duty in order to a ssure that the company can still function normally. And in another aspect, proper job reassignments may also to some extent reduce the negative effects on survivors such as job insecurity and anxiety. 4. 2. 1 Job design Here are some suggested actions for job redesign, including combining tasks, creating natural work units, establishing internal or external client relationships, expanding jobs vertically, and opening feedback channels.The actions mentioned above provide the survivors with more and better opportunities to develop their skills and to take the responsibility. Since the workload of individual survivor usually becomes heavier, what managers can do might be making the job more motivating for the survivors. They will help the survivors to experience the meaningfulness of their work, and also have higher working satisfaction. It will also be able to keep survivors from feeling passed over during the downsizing; they must be assured of their value, which will reduce their jo b insecurity. 4. 2. Training and supporting programs Besides job design, managers should do a lot more work in order to assure that job reassignment is being carried out successfully, in which training and supporting programs should be offered. Sometimes in the haste of layoffs, employees are shifted to new assignments without appropriate preparation such as job insecurity and lack of confidence in competency. It is found that â€Å"people are uneasy because they are not sure what they are supposed to be doing, who they should be accountable to, or if they are doing a good job†(Wexley & Silverman, 1993).In the wake of a downsizing, managers are suggested to sit down with each employee to help clarify his or her new role. Employees need to know what expectations have changed and how those changes may have an impact on their daily work. Research shows that most employees find great comfort in knowing exactly what they're working toward and exactly what's expected of them. Addit ionally, a large portion of anxiety is caused by lacking confidence in competency. Survivors worry that they will not be competent in their newly restructured job functions that the survivors do not ever possess.So immediately after layoffs, employees should be trained on how to handle new tasks or responsibilities. 4. 3 Pay-for-performance As the expectancy theory states motivation= expectation *instrumentality * valance, in relation to effort, performance and rewards. Therefore, we suggest the pay-for-performance scheme to work alongside this theory. The general idea is rewarding through the recognition of work done by overachievers, thus encouraging performance levels. There are, however, several takes to this approach according to Stephen O’Bryne. . 3. 1 Pay versus target pay is tied to performance Some companies believe that pay-for-performance is best reached by awarding compensation when the performance level is above a target level, thus a decrease if it is below targ et level. Companies such as Procter and Gamble are known to use this method. For example, in its 2010 proxy statement, P&G describes pay for performance this way: â€Å"We pay above target when goals are exceeded and below target when goals are not met. † 4. 3. 2 Pay doesn’t go up when performance is poorThis method defines pay for performance in terms of performance and pay changes. In its 2008 U. S. proxy voting guidelines, ISS said it would vote against compensation committee members when â€Å"the company has a pay ­for ­performance disconnect,† defined as an increase in pay coupled with a decrease in performance. 4. 3. 3 Pay versus market pay is tied to performance Adopting target pay/prior year pay as a benchmark for assessing pay-for-performance has led some companies to focus on market pay instead.Companies such as Dow Chemical and CSX agree that superior performance should lead to above market pay and poor performance should lead to below market pay . 4. 3. 4 Pay percentile equals Performance percentile If a company provides target levels of pay at or above a particular percentile but the performance does not meet the percentile of peer companies, the firm should redesign its compensation strategy to align it with the organization’s compensation. This can help the situation as it recognizes the efforts of individuals and thus boosting the general morale of the employees.Limitation in this approach lies in deciding the target levels. For example, some companies may adopt a needlessly high target pay level which may result in the rewarding of poorly behaved executives with pay levels that, albeit lower than those for well performing executives, remain above the market. 4. 4 Individualized recognition and reassurance People have social esteem needs such as recognition and belongingness. Employee recognition and reassurance is a critical issue especially when a company is dealing with downsizing, where the survivors are both physically and psychologically affected.Here are 4 detailed ways to raise employee recognition. 4. 4. 1 Offer reassurance whenever possible Recognition is the essentially positive feedback that lets employees know they are valued and appreciated by their  co-workers, supervisors and the organization. Employee recognition could be raised from daily works to formal events. Certainly, special tasks, important meetings and awards presentation are good chances for creating employees’ sense of belongings and self-actualization. Apart from those formal situations, bonuses and prizes, daily appreciation and reassurance are also important.By sending thank-you email or a handwritten note of praise, employees would feel that their hard work is being rewarded. Then, they will be more motivated and continue to work harder (Murdock, 2010). 4. 4. 2 Provide counseling for survivors for further development Counseling can take the format of buddy program in which manager acts as mentor and employee as mentee. Manager may meet with employees on an individual or small-group basis to devise a personal plan for goal achievement. By doing this, the survivors will be aware of the opportunities they still have remaining in the company.Besides, a feedback system can also be established where the employees give feedback about their progress in achieving individualized goals and managers help to evaluate and make improvement on their plan at the same time (Boyd, 2013). The program serves as a channel for mutual communication in the company. Therefore, remaining employees can release the distress brought about by downsizing. 4. 4. 3 Continue to communicate, especially one-to-one Individualized communication would be a modified way to boost morale based on different personality type of employees.By communicating with employees individually, managers are able to understand their feelings and problems and offer helps to improve the situations (jobsDB HK, 2007). Also, they could rea lize employees’ personalities and take them into account when designing plans for reducing negative effects from lay-off. For instance, for an employee with need for affiliation according to the Three-Needs Theory, he/she probably prefers a social event to renew his/her personal network. As a result, surviving employees could be easily motivated. 5. ConclusionThis report discusses 5 negative effects on employees who have survived organization’s layoff and the corresponding solutions. Layoffs due to the financial crisis can lead to physical problems and a series of negative psychological effects including job insecurity, depression, anxiety and fatigue, reduced risk-taking and creativity, distrust and betrayal. Facing such a situation, open communication, job reassignment, pay for performance, and individualized recognition & reassurance are the four corresponding solutions suggested. However, the real situation is much more complicated, where more issues should be take n into consideration.One concern is the diversity of workforce. Different employees have different values, backgrounds, making it challenging for managers to identify and satisfy their needs. Another concern is the culture difference. Most current motivation theories are based on the situation in the United States and managers cannot assume that motivational programs well fit in their own case. Therefore, it is suggested that managers should incorporate local cultural factors and personal characteristics when dealing with the downsizing negative effects. ——————————————– [ 1 ]. Cascio, W. F. (1993).Downsizing: what do we know? What have we learned. Academy of Management Executive, 7(1), 95-104. [ 2 ]. Wexley, K. N. , & Silverman, S. B. (1993). Working Scared: Achieving Success in Trying Times Jossey-Bass. [ 3 ]. Murdock, K. (2010). Boosting Morale of Employees Important During Tou gh Times: How You Can Do It in Three Easy Steps. The Washington Post. [ 4 ]. Boyd, J. (2013). How to Motivate Employee Performance. eHow. Retrieved from http://www. ehow. com/how_5996416_motivate-employee-performance. html [ 5 ]. JobsDB HK. (2007). Boost Staff Morale. Retrieved from http://hk. jobsdb. com/HK/EN/Resources/EmployerArticle/morale? ID=500

Saturday, January 11, 2020

Couplings Elements Essay

Couplings are mechanical elements that ‘couples’ two drive elements which enables motion to be transferred from one element to another. The drive elements are normally shafts. We tend to see lot of applications of the couplings mainly in the automobiles, for example the drive shaft which connects the engine and the rear axle in a bus or any automobile is connected by means of a universal joint. In order to transmit torque between two shafts that either tend to lie in the same line or slightly misaligned, a coupling is used. Based on the area of applications there are various types of coupling available. But they are generally categorised in the following varieties 1. Rigid Couplings 2. Flexible or Compensating Couplings 3. Clutches to are a type of Coupling – We will the dealing on them separately. RIGID COUPLINGS Rigid Couplings are mainly used in areas where the two shafts are coaxial to each other. There are many types of couplings that fall under the rigid couplings category. They are  · Rigid Sleeve or Muff Couplings- This is the basic type of coupling. This consists of a pipe whose bore is finished to the required tolerance based on the shaft size. Based on the usage of the coupling a keyway in made in the bore in order to transmit the torque by means of the key. Two threaded holes are provided in order to lock the coupling in position. The photo shows a type of the rigid sleeve or muff coupling.  · Flanged Coupling – The coupling basically consists of two flanged end pieces as shown in the figure. A spigot and recess is provided in the flanges to provide location between them. The flanges are connected firmly by means of fitted bolts which are tightened accordingly to the torque to be transmitted. FLEXIBLE OR COMPENSATING COUPLINGS Flexible couplings are normally used in areas where the coaxiallity between the connecting shafts is not always assured and in areas where there is a possibility of occurrence of shocks in the transmission is applicable. They are also called as Elastic Couplings. By construction these couplings tend to have a elastic member in between the two connecting entities. The different types of flexible couplings are 1. Flanged Pin Bush Couplings 2. Bibbly Coupling 3. Gear Tooth Coupling 4. Tyre couplings 5. Elastomeric Couplings – This consists of jaw type and S-flex couplings. 6. Oldhams Coupling 7. Universal Coupling or Hooke’s Coupling 8. Bellows Coupling Each of the above couplings are quite unique in their construction and we can deal in detail on their constructional and working aspects in separate articles. BIBBLY COUPLING: This article deals with Bibby Resilient type couplings. The article describes constructional aspects of the coupling and the selection procedures for the coupling. * Named after its Inventor Dr. James Bibby in 1917, this coupling is still one of the most sought after flexible couplings for heavy shock applications. Let us now look at the constructional features of the coupling. 1. The Coupling consists of two flanges or hubs specifically mounted on the drive and the driven shafts respectively. These hubs contain axial grooves cut on their circumference. 2. The two couplings are joined or held together by means of a specially designed grid spring. 3. The total assembly is enclosed in a casing or shell filled with grease for low speed applications or, in high speed application with high viscosity oil. Now let’s look at the working aspect of the coupling and how it tends to reduce vibration and prevents the build up of resonance in the system. a.) The specially designed spring is wound up through the grooves forming a series of resilient bridges throughout the periphery of the coupling. b.) The grooves are tapered up at the edges (see photo) in order to provide extra flexible spans to the spring at normal loads and tends to support the spring at the sides whenever overloading occurs. c.) The stiffness of the spring depends on its unsupported length of each of its flexible span. The unsupported length tends to vary with the loads producing a varying stiffness for the coupling based on the loading. d.) This action tends to produce a detuning action altering the torsional vibration frequency of the system that prevents the build-up of resonance. Some applications of Bibby Couplings are 1. Cement Mills – in grinding and crushing machinery. 2. Cranes 3. Conveyors 4. Turbines 5. Marine Auxiliaries 6. Paper Mills Bibby couplings can be used for applications with powers varying from as low as 1 h.p to about 100,000 h.p. per 100 rpm of the coupling. Correspondingly the couplings are available in varying sizes ranging from 100mm diameter to 4000mm diameter. Bibby couplings are capable of taking axial and radial misalignments to a very small extent only. It is necessary for the user to ensure that both axial and radial misalignments are kept to the minimum possible. Selection procedure for Bibby Couplings: The selection of the Bibby coupling is mainly based on the torque being transmitted by the coupling. Each coupling has a characteristic value for the torque transmitted by it to the revolutions per minute of the coupling. The rating of the coupling is given by Rating = Maximum power to be transmitted in h.p/ r.p.m of coupling In order to account for contingencies like shocks, sudden stops, stalling, etc. a factor of safety is to be considered during selection of the coupling. Rating of coupling to be Selected = Max. power of coupling* Factor/ r.p.m. of coupling The chart containing the factors to be considered is given below based on the application and driving machinery. See the selection chart below for the selection of corresponding coupling based on the power. Note: This chart is an indicative for the selection of the Bibby coupling. Kindly refer to an actual manufacturer’s catalog for selection as ratings may vary from manufacturer to manufacturer. GEAR COUPLING: This article deals with Gear Couplings. The article describes constructional aspects and selection procedures for flexible gear couplings. * Couplings are used as connecting elements between two shafts. The complexity in the type of connectivity, the power to be transmitted and the area of application tend to play a vital role in the selection of the type of the coupling. Gear Couplings belong to the category of flexible couplings that are capable of transmitting very high torques. Constructionally the gear coupling utilizes the advantages of gear engineering; practically the coupling is a complete gear assembly. Let us now look into the constructional aspects of the coupling. 1. The gear couplings consists of a forged sleeve with internal teeth cut on its inside. The forged sleeves are normally two halves possessing internal gears in both of them. In certain cases the forged sleeve tends to remain a single piece. 2. Two hubs with external teeth containing the same number of teeth as in the internal gear is present with each one being mounted on the driven and driver shaft respectively. The tooth profile of the external teeth is normally crowned in order to take up more loads. 3. The entire assembly in normally enclosed and is provided with gaskets at the joints and O-rings at vantage points in order to prevent the leakage of the lubricant filled inside the coupling, 4. Lubrication plugs are provided at vantage points in order to lubricate the couplings during predetermined intervals of time. Tooth forms in the Coupling: Three types of external teeth are used in gear couplings. The only difference is the manufacturing methodology of the same. a.) Straight Teeth: The external teeth in the hub are straight. During the condition of misalignment in the coupling the contact pattern between the internal gear and the external gear tends to be line type of contact as shown in the figure. b.) Crowning with constant radius: The external teeth are barrel shaped with a constant radius in order to increase the area of contact and move the area of contact to a near middle portion of the teeth. c.) Crowning with variable radius: The external teeth are barrel shaped with a variable radius instead of constant radius. This increases the area of the contact significantly compared to that of the constant radius crowning. The maximum degree of misalignment permissible in gear couplings is from 0.5 Degrees to 1.5 Degrees. This varies with the size of the coupling being used. Selection procedure for gear coupling: The gear couplings are selected based on the torque ratings. 1. 1. The torque transmitted by the coupling is to be determined. 2. 2. Based on the application the appropriate service factor needs to be determined. A reference chart on the service factors is shown below. 3. 3. The equivalent torque is to be determined by multiplying the service factor with the torque transmitted. 4. 4. Select the coupling based on the equivalent torque value calculated. A reference selection chart is given below for example. JAW TYPE ELASTOMERIC COUPLING: This article deals with Jaw type Elastomeric coupling. The article describes the constructional aspects of the coupling and selection procedures. * Couplings are indispensable mechanical power transmission elements used for connecting shafts. Flexible couplings in particular are used in areas where misalignment needs to be accommodated (the flexibility is highly restricted based on the type of Elastomeric material used) and also to take up shock loads at the driven end, thus protecting the driving element like a motor or such. Jaw Type Couplings tend to have a flexible member or Elastomeric member between the two metal components. The flexible member is also called the â€Å"Spider.† The Spider material can be made from different types of rubber or plastic possessing varying degrees of hardness in order to suit the load carrying capacity of the system torsional characteristics. The constructional features of the Jaw type coupling are shown below. The dimensional drawing as wel l as the nomenclature of the coupling is also enclosed. Here as some of the key aspects on the constructional features of the Jaw type coupling. These points are to be considered for the proper selection of a coupling. – The metal hub is constructed of sintered iron, cast iron, or aluminium or stainless steel. The type of metal hub is mainly based on the area of operation of the coupling and its inertia aspects. – The spider is normally made up of a nonmetallic element like rubber, urethane, hytrel because of their Elastomeric properties and in very rare cases bronze is used. BEAM COUPLING: A beam coupling A beam coupling, also known as helical coupling, is a flexible coupling for transmitting torque between two shafts while allowing for angular misalignment, parallel offset and even axial motion, of one shaft relative to the other. This design utilizes a single piece of material and becomes flexible by removal of material along a spiral path resulting in a curved flexible beam of helical shape. Since it is made from a single piece of material, the Beam Style coupling does not exhibit the backlash found in some multi-piece couplings. Another advantage of being an all machined coupling is the possibility to incorporate features into the final product while still keep the single piece integrity. Changes to the lead of the helical beam provide changes to misalignment capabilities as well as other performance characteristics such as torque capacity and torsional stiffness. It is even possible to have multiple starts within the same helix. The material used to manufacture the beam coupling also affects its performance and suitability for specific applications such as food, medical and aerospace. Materials are typically aluminum alloy and stainless steel, but they can also be made in acetal, maraging steel and titanium. The most common applications are attaching encoders to shafts and motion control for robotics. Oldham Animated Oldham coupler An Oldham coupling has three discs, one coupled to the input, one coupled to the output, and a middle disc that is joined to the first two by tongue and groove. The tongue and groove on one side is perpendicular to the tongue and groove on the other. The middle disc rotates around its center at the same speed as the input and output shafts. Its center traces a circular orbit, twice per rotation, around the midpoint between input and output shafts. Often springs are used to reduce backlash of the mechanism. An advantage to this type of coupling, as compared to two universal joints, is its compact size. The coupler is named for John Oldham who invented it in Ireland, in 1821, to solve a paddle placement problem in a paddle steamer design. * * it is recommended to use manufacturer’s alignment target values to set up the machine train to a defined non-zero alignment, due to the fact that later when the machine is at operation temperature the alignment condition is perfect Coupling maintenance and failure Coupling maintenance is generally a simple matter, requiring a regularly scheduled inspection of each coupling. It consists of: * Performing visual inspections, checking for signs of wear or fatigue, and cleaning couplings regularly. * Checking and changing lubricant regularly if the coupling is lubricated. This maintenance is required annually for most couplings and more frequently for couplings in adverse environments or in demanding operating conditions. * Documenting the maintenance performed on each coupling, along with the date.[2] Even with proper maintenance, however, couplings can fail. Underlying reasons for failure, other than maintenance, include: * Improper installation * Poor coupling selection * Operation beyond design capabilities.[2] The only way to improve coupling life is to understand what caused the failure and to correct it prior to installing a new coupling. Some external signs that indicate potential coupling failure include: * Abnormal noise, such as screeching, squealing or chattering * Excessive vibration or wobble * Failed seals indicated by lubricant leakage or contamination.[2] Checking the coupling balance Couplings are normally balanced at the factory prior to being shipped, but they occasionally go out of balance in operation. Balancing can be difficult and expensive, and is normally done only when operating tolerances are such that the effort and the expense are justified. The amount of coupling unbalance that can be tolerated by any system is dictated by the characteristics of the specific connected machines and can be determined by detailed analysis or experience.

Friday, January 3, 2020

Artificial Intelligence in Missile Technology - 2928 Words

ARTIFICIAL INTELLIGENCE IN MISSILE TECHNOLOGY K.Manasa B-Tech III/IV Branch: EEE Shadan College of Engg Tech, Peerancheru, Hyderabad-08. konda_sowmya @yahoo.com Abstract: The development, strength, economy and progress depends on the status of the Defence, This paper deals with various generations of computer where the fifth generation computers use Artificial Intelligence. A few applications of Artificial Intelligence used in various technologies have also been discussed. The main focus of paper is on chaser missiles, which implements the missile technology using Artificial Intelligence. The Anupama processor designed in India can be used in chasers. This shows the development of Artificial Intelligence in Indian defence systems. The†¦show more content†¦The Turing test is a one-sided test. A machine that passes this test should certainly be considered as intelligent, irrespective of having knowledge about human. There are many adversaries about this fact, that an excellent discussion on the Turing test is not supportive, with restrictions on the observers knowledge of AI and the subject matter of questioning. It turns out that some people are easily misinterpreted that, a rather dumb program is intelligent. When we set out to design an AI program, we should attempt to specify as well as possible the criteria for success for that particular program functioning in its restricted domain. 4.1 Hardware for AI: In order to use AI in any system a few hardware specifications are required. The minimum requirements include a computing system containing an IC built processor, a control unit, memory devices, and a converter for external interfaces, floating-point unit, input-output ports and timers. These components work relatively with the computing system as per the AI oriented software. 4.2 Software for AI Software is the intelligence that runs the hardware in a computer. Basically AI is in form of information fed to the processor through a programming language. The parameters acts as input that results into desired output. A fifth generation language use AI to create software based on our description of what the software should do. 5.Show MoreRelatedThe Terminator By James Cameron1509 Words   |  7 Pagesuse was beginning to increase. Computer companies like Apple and Microsoft had recently been founded and some of the first personal computers were being created. â€Å"Many wondered if society was becoming too dependent of technology†. In addition to computers, all forms of technology were rapidly improving during this time period. The Terminator predicts that the relationship between man and computer turns bad when the computer is given too much power. Ultimately, mankind creates its own downfall. FurthermoreRead MoreCyber Espionage In China Essay767 Words   |  4 Pagesmilitary personnel, the effectiveness of equipment, and readiness. 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