Describe the Human Nature & Physical Aspects Essay

Depict the Human Nature and Physical Aspects - Essay Example MeurSault who is the hero of The Stranger performs such exercises for which, he finds no purpose behind regret and distress. At his mother’s passing, he is aloof and has no feeling of misfortune. At the point when he kills an Arab man, he is again callous. He takes activities with no judiciousness and purpose for them. He shoots the Arab man with no particular explanation. The preliminary that is held for the judgment of Meursault’s wrongdoing additionally courses around preposterous reasons for his reasonless demonstration. With the progression of time, Meursault understands that human presence is useless and has no importance behind it. Subsequent to picking up mindfulness about this reality, he feels no issue in his method of biting the dust and understands that passing will go to all who have taken birth. Meursault shows greater attractive quality for physical parts of life, for example, Marie, climate, his condition and different parts of life, he isn't convinced by his otherworldly or passionate presence because of which, he is distanced from society. For executing the Arab man, he recognizes the torment due to sun as an explanation behind his slaughtering which is very foolish and absurd. He connects everything with the physical part of life. Raskolnikov, the hero of the book, Crime and Punishment, shows a distanced disposition in the work. He is distanced from the general public based on his thought that is he is better than other social figures around him. He designs a homicide of an old woman for benefit based reasons and keeping in mind that killing, kills another woman on account of being seen. He consistently dismisses any help from his companions and family members because of which, he is disregarded. Like Meursault, Raskolnikov likewise shows fascination towards physical parts of life and has no worry with his profound angles. He slaughters the old woman for her riches. Like Meursault, Raskolnikov is likewise a dispassionate being and demonstrates no enthusiastic worries to anything in his life. He shows no blame for his

Introduction to Organisations and Management Essay - 9

Prologue to Organizations and Management - Essay Example The structure is carefully various leveled and there is a long history of contention with the unionized workforce that involves the larger part. There is by all accounts an issue of trust among the board and laborers. The changing business condition is squeezing the organization to accomplish more with less. The organization has various issues in its capacity to oversee existing and new business prerequisites because of inner ability impediments †poor between division correspondence and coordination, absence of adaptability among groups and poor inside control instruments. The initiative is, in the in the mean time, concentrating on close to home plans. Watson speaks to an organization that has discarded the undertaking of making a dream or system for itself. The proprietor has faith in reacting to circumstances after they emerge, a demeanor that goes through the association and smothers the ability of capable assets. This is shown without brought together concentration at all l evels in the organization and that of ‘clarity to business units’ to give guidance (Johnson, 2008, p. 304). The H&M Consulting Group utilizes a profoundly gifted particular workforce that can take into account business prerequisites of an assorted customer gathering. The organization is following a vital way of inorganic development through acquisitions and enlistment. The organization follows an arranged structure that uses explicit ability in groups to oversee ventures. Refined data innovation is used for successful coordination between and inside undertaking groups and to guarantee asset accessibility to accomplish venture necessities. The workforce is self-coordinated. H&M has set down all around characterized strategic worth proclamations and the workforce is centered around guaranteeing business achievement while taking consideration that center standards are met. The authority is in steady contact with pertinent issues concerning corporate obligation and looks to discover approaches to guarantee that it adds to these bigger objectives. H&M speaks to a worldwide association that draws quality from an unequivocally arranged worker base. It speaks to a structure that is transnational as characterized by Bartlett and Ghoshal as having ‘strong geographic movement†¦ worldwide item obligation important to accomplish worldwide efficiency†¦ overall utilitarian management†¦ crucial to overall learning’. Converted into the board errands, this incorporates ‘legitimising diverse†¦ abilities, developing†¦ adaptable coordination, building shared vision’ (Hoecklin, 1995, p. 42-43). Investigation The case is examined on the parameters of association configuration, cooperation, administration and the board style and culture. Association plan and structure The way to contending in a changing domain lies in the ability to separate one’s contributions from different players in the market. Sep aration might be founded on specialty administration contributions that spread explicit market needs or a different contribution that spreads changed ones. Watson works in the vehicle parts segment and has not picked a system dependent on separation. H&M works in various segments that require specific information and aptitude accordingly making a specialty for itself in a wide setting. The technique to actualize a methodology dependent on separation is through a cautious appraisal of the worth chain inside just as among contenders and planning the association structure. Association structure that depends on the perspective on the worth chain

The Secret of Ella and Micha Chapter 15 Free Essays

8 months earlier†¦ Ella â€Å"You’re not truly going to move up that tree, are you?† Micha scowls at me through the dull. He’s wearing some attractive pants that make his butt look great and his dark shirt fits him splendidly. â€Å"You’re going to break your neck. We will compose a custom paper test on The Secret of Ella and Micha Chapter 15 or on the other hand any comparable point just for you Request Now † I rub my hands together and give him an underhanded look. â€Å"You realize the amount I love a challenge.† From behind him, the moon sparkles from the sky and his light hair almost gleams. â€Å"Yeah, yet you’re somewhat out of it at this moment and I don’t figure you ought to scale any trees.† â€Å"I’ll be fine.† I wave him off, pushing the sleeves of my cowhide coat up. He generally stresses over me. I like that he does, however it doesn’t mean I generally hear him out. â€Å"Besides, if my father discovers me coming in, and he happens to be calm, I’m going to get reprimanded for escaping and being tanked, particularly in light of the fact that I should be on mother obligation tonight.† Holding a branch, I endeavor to wedge my foot up in the tree. Be that as it may, it tumbles to the ground and I snort with dissatisfaction. Micha snickers, shaking his head as he strolls around behind me. â€Å"If you break your neck, lovely girl,† he says. â€Å"It’s not my fault.† â€Å"You know your epithet for me isn't fitting.† I get the branch once more. â€Å"You need to think about another one.† He clears my hair to the side and puts his lips alongside my ear. â€Å"It’s totally fitting. You’re the most lovely young lady I know, Ella May.† Through my foggy cerebrum, I attempt to process what he’s saying. â€Å"Are you attempting to be funny?† He shakes his head. â€Å"I’m being totally genuine. In any case, there’s no compelling reason to freeze. I’m sure you’ll overlook it when morning rolls around.† I weave my head here and there. â€Å"You’re most likely right.† He chuckles again and his warm breath stimulates my ear, sending a shudder through my body. I nearly pivot, tear open his shirt, and push my tongue into his mouth, yet I don’t need to destroy our fellowship. He’s all I have right now and I need him more than air. So I suppress my sentiments as well as can be expected. He spreads his fingers over my midsection where my shirt rides up, making the circumstance somewhat cumbersome. â€Å"Okay, on the tally of three I’m going to support you into the tree. Be Careful. One†¦ Two†¦ Three†¦Ã¢â‚¬  He lifts me up into the tree and I swing my advantages. The bark scratches at the rear of my legs a little and the palms of Micha’s hands cup my can as he pushes me up the remainder of the way. It makes me laugh. Once I’m up, he ascends himself. His hands rejoin with my midriff and he helps me up the tree and into my window. I tumble through it and onto the floor with his tranquil giggling encompassing me. â€Å"You’re going to lament this in the morning,† he says with giggling in his voice. â€Å"You’re going to have a cerebral pain from hell.† I bow next to the window as he ventures pull out onto the branch. â€Å"Hey, Micha.† I law breaker my finger at him and he feigns exacerbation, yet endures me and comes back to the windowsill. I toss my arms around his neck. â€Å"You’re my legend. You know that?† I kiss his cheek. His skin is so delicate. I begin to move away when his head moves in the direction of me and our lips associate quickly. At the point when he pulls back, I can’t read him by any means. â€Å"Sweet dreams, beautiful girl.† He smiles and moves down the tree. My head turns out to be significantly foggier as I shut the window. Did he kiss me intentionally? I shake the idea away and pry my arms away from my coat. The house is quiet, with the exception of the sound of streaming water originating from the restroom. I head out into the corridor, figuring my mom’s left the shower running once more. She does that occasionally when she’s diverted. The entryway is bolted, so I thump on it. â€Å"Mom, are you in there?† I get out. Water washes from inside and I understand the floor covering underneath my feet is sloshy. I calm down genuine snappy, and hurry to my storage room to get a holder. Extending it, I push the end into the lock of the restroom. It snaps and I push the entryway open. The shout that leaves my mouth could break the world’s bliss into a thousand pieces. However, the quietness that tails it is sufficient to break down it totally. Micha â€Å"What are you so cheerful about tonight?† my mother addresses when I stroll into the house. â€Å"I’m as upbeat as I generally am.† I join her at the kitchen table and take a treat from a plate. She removes her glasses and rubs the sides of her nose. There’s an adding machine, a checkbook, and a ton of bills stacked before her. â€Å"No, I haven’t seen you grin like this in a while.† â€Å"I simply had a great night.† I take out my wallet and hand my mother a few twenties and a hundred dollar greenback. â€Å"Here, this is the thing that I got for working an end of the week at the shop.† My mother shakes her head and hurls the cash toward me. â€Å"Micha Scott, I’m not going to take my son’s money.† I toss it on the bills and push away from the table. â€Å"Yes, you are. I need to help out.† â€Å"Micha I †â€Å" â€Å"Stop contending and take it youthful lady,† I caution with humor in my tone. She murmurs, crushed, and gathers the cash. â€Å"You’re a decent child. Do you know that?† â€Å"Only on the grounds that I was educated to be.† I head for my room, yet hear a shout from outside. I backtrack into the kitchen. â€Å"Did you simply hear that?† My mom’s eyes are wide as she gazes at the indirect access. â€Å"I think it originated from the Daniel’s house.† A billion distinct situations race through my head as I run outside, jump the fence, and burst into her home. â€Å"Ella!† It’s calm, aside from water running upstairs. I run up the flight of stairs, skipping steps. â€Å"Ella†¦Ã¢â‚¬  My body chills like ice. Ella is remaining in the entryway and her mother is in the bath loaded up with red water that’s spilling out everywhere throughout the floor. â€Å"Ella, what happened?† She jumps and afterward goes to me. Her understudies have assumed control over her eyes and the expression all over will frequent me for a mind-blowing remainder. â€Å"I think she slaughtered herself,† she says unfeelingly and holds out her hands, which are smirched with blood. â€Å"I checked her heartbeat and she doesn’t have one.† I take out my PDA and call 911. At the point when I hang up, Ella falls into my arms and remains there, unmoving until the rescue vehicle appears. She doesn’t cry †she scarcely inhales and it almost executes me since I can’t effectively help her. The most effective method to refer to The Secret of Ella and Micha Chapter 15, Essay models

“the Social Responsibility of Business Is to Increase Profit”

Organizations have numerous duties, the essential job being, to cause benefit and afterward thusly to develop and extend as a business with the expectation that they increment benefits. All things considered, relatively few individuals need to be in the matter of losing cash, it is just the capacity of a business †¦ to bring in cash. In any case, in saying that, I would differ in saying this is altogether a â€Å"social† duty. Organizations have an obligation to their partners as well as their investors to build benefits, however socially they are required to accomplish such a great deal more. As far as â€Å"social† obligation, in this present day and age, organizations have a duty to society. I accept buyers are commonly not worried about the benefit organizations makes, they are increasingly worried about the quality, administration and worth they get from managing a business, and all the more significantly whether the accomplishment of the business was picked up by them following socially and morally dependable strategic policies. Previously, organizations would relinquish their social obligation at the expense of expanding benefit. A genuine case of this is global aggregate, Proctor and Gamble, distinguished by PETA as a partnership that effectively partakes in creature testing1 to guarantee that their items are ok for individuals to utilize. Truly, they are satisfying their â€Å"social† duty in guaranteeing that their items don't hurt their buyers, yet now society and associations are pointing the finger and effectively boycotting organizations, for example, Proctor and Gamble, for disregarding their social obligation. Organizations have needed to make something happen to adjust to the perspectives on evolving society. Being socially mindful is currently an expensive exercise. Because of their past poor business morals, they need to date put nearly $250 million in elective testing techniques with an end goal to annul all types of creature testing. 2 Not just currently is it socially unsatisfactory to rehearse â€Å"bad† business morals, yet it is socially inadmissible for organizations that get an excessive amount of cash-flow to overlook the requirements of the poor. Bill Gates, originator of Microsoft together with the endeavors of his significant other Melinda have set up the Bill and Melinda Gates Foundation. The establishment gives a huge number of dollars consistently, helping numerous undertakings with their trademark being â€Å"all lives have equivalent value†. It is presently the obligation of organizations and numerous enormous partnerships to be socially capable and add to society for a bigger scope. It is essentially wrong to state that expanding benefit is the sole obligation of a business. It is the social duty of a business to be socially mindful, in all aspects. Depicting a ‘socially responsible’ picture is unfavorable to expanding benefits, this has not generally been the situation, numerous organizations that were once sacrificial substances who’s just strategic to profiteer at any expense have understood that with the adjustments in the public arena, they have needed to change the manner in which they lead their business. Unfortunately, numerous organizations and companies take an interest in â€Å"socially responsible† exercises to build benefit, organizations are not changing their bundling to pink to ‘secretly’ bolster bosom malignant growth, they do as such, with the goal that you and I think about it. These purported demonstrations of social duty are a type of promoting and they are done to show buyers exactly how â€Å"good† they can be. It isn't the social obligation of organizations to expand benefit, yet it is the social duty of organizations to be socially capable to build benefit.

Biz Programs With The Most (And Fewest) First-Generation College Students

Biz Programs With The Most (And Fewest) First-Generation College Students by: Nathan Allen on February 21, 2017 | 0 Comments Comments 945 Views February 21, 2017Commencement at Washington University in St. Louis.  Photo by Mark KatzmanIncreasingly in the United States, a four-year college degree serves as a catalyst for upward socioeconomic mobility. According to a 2014 Pew Research Center study, college-educated millennials (ages 25 to 32) made an average of $45,500. Those with only high school diplomas, meanwhile, earned just $28,000. But this is nothing new. The numbers have been consistently diverging since 1965, when high school grads earned $31,384 and college grads made $38,883.Even beyond salary averages, the  picture is bleak for those without a college education. The Pew  study found that 21.8% of high school graduates were living in poverty, a rate that has climbed from just 7% in 1979; only 5.8% of  college graduates  are in the same straits. College grads also are more satisfied with their jobs and feel they are on more of  a career-track than high school graduates.The good news is, more 25- to 32-year-olds have college degrees than any other generation.  Similarly, first-generation college students are enrolling in four-year colleges and universities at higher rates than ever before.To get a sense of first-generation enrollment numbers at the nations best undergraduate business programs, we asked schools included in the  PoetsQuants Best Business Programs to report the percentages of first-generation college students they enrolled in the class entering their schools last fall. With a rate of 30%, no other school on the list enrolled more first-generation students than the Rutgers Business School in New Brunswick. Rounding out the top five were the University of Tennessee (25%), University of Connecticut (21.95%), University of Missouri (20.2%), and Arizona State University (19%).LARGE PUBLIC UNIVERSITIES ENROLLING THE MOST FIR ST-GENERATION STUDENTSOf the 50 schools included in the rankings, only 25 reported first-generation data, suggesting many schools are not yet tracking this segment of their population. And while private universities have largely dominated previous lists of  populations of under-represented minorities and international students, large public universities are enrolling more first-generation students. Of the top 10 schools with high rates of first-generation students, seven are major land-grant universities.Another difference between schools enrolling high numbers  of first-generation students and those with high percentages of international students and U.S. minorities is placement in the rankings. Higher- and lower-ranked schools alike enrolled high numbers  of international students and U.S. minorities, but that wasnt the case with schools enrolling large percentages of first-generation students.  The highest top-10 school was Notre Dame, with the 17th-most first-generation students. Of the 16 schools to enroll more first-generation students than Notre Dame, five were in the bottom 10 spots in the rankings.Of course, enrolling first-generation college students is one thing; fostering an atmosphere where they can thrive is another. First-generation students still have much higher dropout rates than college students with parents who have earned college degrees. Even having one parent or an older sibling with a college degree can substantially increase the likelihood of success. Indeed, the University of Tennessee had among  the lowest four- and six-year graduation rates of all  schools that  reported such data to  PoetsQuants. And Arizona State University — another school enrolling a high number  of first-generation students — had one of the lowest employment rates for its most recent graduating class. On the other hand, the University of Missouri had one of the highest employment rates — and a higher number  of first-gen eration students enrolling last fall.One of the most commonly cited needs for first-generation students is a mentor who has been through it before. In a recent interview on PBS, Cuban-American author and first-generation college student Jennine Capo Crucet  explained  the importance of a mentor with common ground.Technically, I had a mentor my first year in college, but when I finally met him, he didn’t seem to understand how confused I was, in part because he came from a long line of college-going folks. He didn’t know how much I didn’t know either, Crucet  said. Formal mentors like the one my college assigned me need to be first-generation college students themselves or have been trained by people intimately familiar with the challenges students like me faced.See below for a list of the schools with the highest percentages of first-generation college students.if(undefined==typeof window.datawrapper)window.datawrapper={};window.datawrapper[ScR2Z]={},windo w.datawrapper[ScR2Z].embedDeltas={100:1569,200:1437,300:1393,400:1349,500:1349,600:1305,700:1305,800:1305,900:1305,1000:1305},window.datawrapper[ScR2Z].iframe=document.getElementById(datawrapper-chart-ScR2Z),window.datawrapper[ScR2Z].iframe.style.height=window.datawrapper[ScR2Z].embedDeltas[Math.min(1e3,Math.max(100*Math.floor(window.datawrapper[ScR2Z].iframe.offsetWidth/100),100))]+px,window.addEventListener(message,function(a){if(undefined!=typeof a.data[datawrapper-height])for(var b in a.data[datawrapper-height])if(ScR2Z==b)window.datawrapper[ScR2Z].iframe.style.height=a.data[datawrapper-height][b]+px});DONT MISS POETSQUANTS BEST UNDERGRADUATE BUSINESS PROGRAMS OF 2016 Page 1 of 11

Canto XIII Piero delle Vigne - Literature Essay Samples

In Canto XIII of Dantes Inferno, one of the most pitiful souls that Dante comes in contact with is Piero delle Vigne. Condemned to the second tier of hell for the sin of self-abuse and suicide, the reader, like Dante, is torn between sympathizing and feeling pity for delle Vigne, and understanding that he did commit a mortal sin against God. Throughout the canto, Dante really plays upon the readers emotions, making it almost impossible to dislike delle Vigne; nevertheless, in the end, he makes it very clear why he remains damned for his sin. In that sense, Dante forces the reader to emulate himself as the pilgrim the reader is allowed to feel sorry for the damned, but never disregard the gravity of the sins in question. If Dante or the reader ever feels that the punishment is unjust, that itself would be a venial sin. Nevertheless, although Dante never says outright that delle Vigne should be pardoned, the way in which the character is presented almost makes the reader wish that he were.Dante creates a very realistic human portrait of Piero delle Vigne by making the reader sympathize with him and his fate. As sympathy is a truly human emotion, Dante could do no better than to play upon it with his audience. Just listening to the story of his life is quite sad. Here is a man who devoted his entire life to serving his master, but who was wrongly disgraced in the end. Of humble origin, he rose in power due to his own hard work, eventually becoming the Emperor Fredricks famous Chancellor (Dante. The Divine Comedy: The Inferno. John D. Sinclair, trans. New York: Oxford University Press, 1939. 176). One gets the feeling that he sacrificed everything for his master, which, while admirable, is also quite sad and pathetic by neglecting himself, he killed himself every day of his life in service. As delle Vigne says, he brought such faithfulness to the glorious office that [he] lost for it sleep and strength (Dante 169). Such self-sacrificing earned him great fame and admiration, mostly because every man in power wants a servant willing to give up everything for him; yet, despite those honors, delle Vigne remained humble and loyal. His fidelity and hard work eventually also allowed him to become the most influential statesman of his time in Western Europe (Dante 177), fighting for the Emperor Fredricks cause against the tyranny of the papacy. In fact, he headed the emperors movement against the church for twenty years, hoping to end corruption within the clergy. He was also known for his fanatical reliance on manners. When delle Vigne first comes in contact with Dante, he is exceptionally polite, making sure as not to burden (Dante 169) Dante with his speech. Yet, despite all of his notably admirable characteristics, delle Vigne still ended up in hell.In 1249, the Emperor received word that delle Vigne was conspiring with the Pope against him and thereby had him blinded and imprisoned. Not being able to prove that he did not commit high treason, delle Vigne had no hope of being freed. More importantly to him, though, was that his name had been publicly disgraced. Having given up his life for his master, being suddenly told that that meant nothing was devastating. His history of loyalty and selflessness turned out to be for naught, leaving him with absolutely nothing to live for. Therefore, not wanting to face the shame of being formally charged with treason, he decided to bash his head against his cell wall until his brains splattered out. Here, Dante has presented the reader with a highly justifiable reason for suicide. Piero delle Vigne was definitely better off dead than humiliated at least by killing himself he made a statement that hed rather be dead than considered a traitor. Nevertheless, according to Dante, God would rather see one die a martyr than have one take his own life. To make it even more obvious to the reader that suicide is an unforgivable sin, Dante has delle Vigne still wrongly branded with his crime o n earth even after his death, making his suicide completely in vain.And yet, the reader still feels absolute pity for delle Vigne. Despite his master utterly wronging him after a lifetime of loyal servitude, he cannot bring himself to say one unkind word against the Emperor. He refers to him as Caesar, Augustus, and his lord, who was so worthy of honour (Dante 171). Such deference to Frederick invokes two emotions from the reader. The first, that of admiration he loves his lord, despite the wrongs he caused him; the second, that of pity he is silly to care so much for someone who obviously did not care about him. Above all, though, it shows why the second round of hell is appropriate for delle Vigne, despite it being absolutely pitiful.In the second tier of hell, the souls which have committed suicide are forced to relive the act of inflicting pain upon themselves for eternity by being turned into trees that Harpies feed off of daily. Dante himself ends up adding to delle Vignes p ain by breaking off one of his branches. This eternal punishment, while extreme, is somehow fitting to delle Vignes sin. For one, he put his master above himself throughout his entire career. Is that not like committing suicide every day, bit by bit? By never thinking about himself, delle Vigne neglected the soul and body that God gave him, thereby disrespecting God. As a final disgrace to God, delle Vigne took it upon himself to end his own life, a choice that, according to Christians, is up to God alone. Therefore, because he offended God in both his daily self-deprecation and the final tour de force of his own suicide, delle Vigne is condemned to forever wallow in the pain of self-neglect rather than be rewarded for it. On one hand, this is quite sad, for this man did nothing truly wrong in the world. Nevertheless, from Gods perspective, he committed a sin that he never repented for and would still go on committing if he were alive. That act of non-repentance is what brought dell e Vigne to the second level of hell, not the sin itself. Therefore, although sad, it is quite understandable why he is condemned to an eternity of pain.Although clear that delle Vigne then deserves his punishment to some extent, Dante still provides him with the hope of the one blessing he has wanted since his imprisonment: a clean name. After breaking off the branch, Dante is confronted by the pained voice of delle Vigne, crying for mercy Why manglest thou me? Hast thou no spirit of pity? thy hand might well have been more pitiful had we been souls of serpents (Dante 169) and, out of fear, drops the branch. To make it up to him, Virgil says that if he tells them his story, Dante will revive [his] fame in the world above (Dante 169) when he returns to the living world. Not wanting to miss his one chance at clearing his reputation, delle Vigne is quick to respond, beguiled into talk[ing] for a little (Dante 169). So caught up in amending his status on earth is delle Vigne that the last line in his tale reminds Dante of his promise, saying that if either of [them] return to the world let him establish [his] memory (Dante 171). Dante, however, cannot respond, such pity [having filled] his heart (Dante 169), leaving Virgil to say that he will carry through with his word.Overall, Dante provides a clear portrait of Piero delle Vignes character in this canto through his interaction with Dante as the pilgrim. Moreover, Dante masterfully influences the readers emotions, allowing for both pity and understanding to be felt regarding delle Vignes fate. Through use of this duality of emotions, Dante also brings the reader closer to the character of Dante, as he feels the same way about delle Vigne. Therefore, besides serving as simply a functional aspect in Dantes descent into hell, the canto also acts as a method of bringing the reader further into Dantes mindset. Above all else, though, Canto XIII is a beautiful rendering of a character with all the depth and human emo tion of a real person, making it a masterpiece in and of itself.

Derivatives and financial crisis Free Essay Example, 2000 words

They started hedging; it is like insuring their financial position against any exogenous condition like, liquidity, foreign exchange, stock market, etc. Derivatives evolved as financial instruments to hedge risks. Hedgers leverage the price volatility of such underlying assets by taking inverse positions contrary to the prevailing market conditions. There are primarily four types of derivatives available in the market i. e. forwards contract, futures, options and swaps. Options and futures are the most common of the lot, though swaps are gaining popularity in the market, owing to the exchange rate volatility (Whaley, 2007). All the above instruments are subject to default risk i. e. counter party failure. As in options, it creates an obligation and not actual right to buy/sell the option, thus prone to default risk where the party may not exercise the option. Under such circumstance the party only pays the option charge, thus reducing his loss burden if he would have exercised the o ption. For example, A purchases an IBM call option for â‚ ¬3 at a strike price of â‚ ¬200 with a one month window. Now A has got either option to exercise the call option. We will write a custom essay sample on Derivatives and financial crisis or any topic specifically for you Only $17.96 $11.86/pageorder now If the IBM stock price rises to â‚ ¬210 within the one month window, A will exercise his option, as the market price of the stock exceeds the strike price and the option charge of â‚ ¬203. In this process, A makes a profit of â‚ ¬7. Though derivatives are used to hedge risks, but can also be used to speculate as seen in the above case. Derivates usually protect investors from market volatility and aims to reduce the risk burden when faced with such volatility (Kolb and Overdahl, 2009). Conclusion With the emergence of newer financial products, risks have also risen, becoming a major area of concern for financial managers around the world. Investors aim to get a high return with minimum risk. They want to be in the top quadrant of the risk-return matrix. Risk is an inherent factor in business. Business’ have developed over the years and have acquired a global status, thus increasing their risk exposure. It is highly imperative for business’ to reduce such risks. In order to reduce the impact of external and market related factors, investors and managers use financial instruments like derivatives to the counter the effect of risk. It is often seen that such investment avenues give rise to speculative practises, thus adding to the pre existing volatility. It has now become a mandate for companies to disclose their derivatives position.