Critically evaluate the statement that the objective of portfolio Essay - 1

Critically evaluate the statement that the objective of portfolio investment is to minimise risk with examples, and discuss the differences between systematic and unsystematic risk - Essay Example Unsystematic risk on the other hand is specific to a particular industry and can only b controlled through proper diversification or portfolio management strategy. The following pages describes the two types of risks and critically analyzes the statement that objective of portfolio diversification is to minimize risk. Systematic risks are the macro risk and affect all sectors and all industries in a market (Back, 2010). This risk cannot be minimized by an investor through portfolio diversification. From the company’s view point this risk cannot be controlled by the company. This type of risk is both unavoidable and impossible to predict (An, 2007). Such type of risk is impossible for the company to control. Another type of risk is the unsystematic risk. Systematic risks are the risks that arise due to the influence of external factors that are beyond the control of an organization (Chance and Brooks, 2015). Since these types of risks are beyond the control of an organization so these risks do not affect a particular organization but affects all types of organization that are present in the market. The organization cannot plan in advance for such type of risks. Such types of risks are macro in nature and have its impact across the market spectrum irrespective of the industry or sector types (Fouque and Langsam, 2013). The systematic risks can be of various types and can be further subdivided into Interest rate risks, Purchasing power risk and Market risk. Interest rate risk: Interest rate risk is mainly associated with debt instruments and refers to the variability of interest rates from time to time. Interest rate risks can be further subdivided into price risk and reinvestment rate risk (Gai, 2013). Price risk as the name suggests is the risk that is associated with the probable fall in the price of shares or any other commodity in the future. Reinvestment risk is the risk that is

Does the Fairtrade movement offer a viable model for a more ethical Essay

Does the Fairtrade movement offer a viable model for a more ethical trading system Choose one of the following sectors to explo - Essay Example Ethical trading is the umbrella term used to denote and describe all types of business processes or practices, which borders on promoting socially as well as environmentally responsible trade. This was stated by Narasaiah (2006, p.148), â€Å"Ethical trade is one dimension of corporate social responsibility, bringing social issues into the mainstream of commercial supply chain management through the use of codes of conduct.† Although, the term is also used to refer to the trade practices in an organization’s supply chain, instead of ethical trading, the term Fair Trade is being used to denote the ethical trade practices in the supply chain. Although, the words Ethical Trade and Fair Trade are synonymously used or sometimes interchangeably used, there is some clear distinction between the two words. â€Å"Ethical trade focuses on employment conditions of workers within global value chains, as distinct from Fair Trade which focuses primarily on producer prices and tradin g relationships. (Barrientos, Conroy and Jones, 2007, p.60). Thus, Fair Trade is a form of trading, where the well-being of weak actors or producers in the supply chain is taken care, through optimal trading practices. That is, the big players need to carry out ethical practices and indulge in ethical trading, so that the interests of the small players or traders are protected. What is more, the Fair trade movement also focus on reducing the poverty and improving the living standard of primary producers or farmers. Successful organization will try to incorporate a feasible model for a more ethical trading system and this is applicable to organizations in any sector, including the food and drink sector. So, in this article, the argument will be made and the reason will be given on why Fair trade has become a viable model for more ethical trading system. Role of Fair Trade Fair Trade had its origins way back in 19th century in the form of Cooperative movement among the traders. Howeve r, it evolved more in the mid part of the 20th century. That is, it began with the Mennonite Central Committee, U.S. based service entity, deciding to do trade with the poor communities in the South in the 1940s. From that beginning, it further expanded and become a "movement" in the 1960s and 1970s. (Moore 2004). Fair Trade is the term given to the trade that is authorised and overseen by certain unbiased organizational bodies, whose role is to see whether that trade happens fairly giving the due benefits to the producers in the supply chain. The four main organizational bodies which formulated the guidelines that constitute Fair Trade, and gives Fair Trade recognition to specific producers and buyers, thereby overseeing the Fair Trade practices are Fair Trade Labelling Organizations International (FLO), World Fair Trade Organization (or formerly International Fair Trade Association), Network of European Worldshops (NEWS!) and European Fair Trade Association. To further actualize a n omnipresent body, which can coordinate and oversee all the Fair Trade practices, these four bodies created together FINE (starting letters of the four) in 1998, an informal body â€Å"whose goal is to harmonize fair trade standards and guidelines, increase the quality and efficiency of fair trade monitoring systems, and advocate fair trade politically.† (articlesbase.com 2011). This FINE is also responsible for

Theater and war Essay Example | Topics and Well Written Essays - 1250 words

Theater and war - Essay Example The play starts off in a club, in Vietnam, and it was during a period before the Americans were removed from Saigon. The main theme that was brought out in the play was love. A seventeen year old orphan by the name Kim was working in the club, and there she met the engineer. At the same time, other ladies are preparing themselves for the nights show. The Americans knew that they were leaving Vietnam soon, and they were enjoying themselves with the prostitutes (Behr and Mark 95). Through the persuasion of John Thomas, Chris Scott who was a sergeant met Kim. He could be able to tell that Kim was a naive girl, but he dragged her in a room. Chris lamented on why God allowed him to meet Kim as they were almost leaving Vietnam. He persuaded her not to sell her body in the club because he wanted to marry her. Despite the risk that Saigon would be taken over by Vietnamese Chris was left behind and he traded a visa for Kim to move to America. Eventually, Chris married Kim in a wedding ceremon y (Behr and Mark 101). All my sons theatrical play The play all my sons are articles written by Arthur Miller, which describes betrayal to the American by Joe Keller. These events took place during the World War 2, where Joe Keller allowed his company to trade unworthy aero plane cylinders to be used by the United States armed forces. This caused the death of the American pilots who were more than twenty. Steve who was a business partner to Joe had noticed the unworthy parts, but Joe went ahead and allowed the shipment of the faulty parts. It was for this reason that the pilots died, and the two were arrested. However, Joe managed to release himself and the blame shifted to Steve. One of the main characters in the play is Kate Keller. She took part and the title mother in the play. She was described as the wife to Joe Keller and a mother to Chris and Larry. She lost her son Larry in the war and despite the fact that she had a successful man and another son she could not forget her s on Larry. She demonstrated more great issues than grief for the loss of her son, which was shown by her self-denial and delusions (Miller 7). She took her husband’s secret as a burden and still tried to show a clear conscience of an untroubled woman to the world. She tried to hide suspicion and nervousness, and this led to her suffering from nightmares and severe headaches (Miller 10). She had a character of self-preservation which developed her fantasies towards Larry. She still had hope of the return of Larry and feels threatened when someone close to Larry failed to share her confidence. Stage make ups and war plays A stage makeup is the mode of painting the stage to bring out the message in the play. It entirely involves the paintings, drawings and the costumes of the actors. The stage makeup plays a very major role in bringing out the appearance the actors want to portray. It also helps the public in understanding the message behind the play. The paintings and the drawin gs at the stage should be designed such that they explain the message of the play in a simpler way that will enable each and every person to understand. War plays are plays that are constructed to preach peace and reconciliation especially in regions that have recently faced warfare. The stage makeup

Union Victory of the Civil War Essay Example for Free

Union Victory of the Civil War Essay Even before the Civil War actually started, the North had already enjoyed two distinct advantages over the South. Although it also benefited from some excellent strategic decisions as the war progressed, those two pre-war factors ultimately spelled defeat for the army of the secessionists from the south. The first of these advantages was the North’s edge in population. While the southern states only had a combined population of 9 million people (including their slaves), the population of the north was 22 million (including some emancipated slaves). That ratio of 2. 44:1 later proved decisive since the North possessed the capacity of raising and fielding more fighting men to sustain its war effort (Murphy, 2008). The second factor was the difference in their economic thrusts. Whereas the North concentrated on industry and commerce to boost its economy, the South relied on an agricultural economy. In other words, the North had industrial plants while the South could only boast of its farms. The superiority of the North’s economic development became apparent when the war dragged on. It was able to convert its factories to war materials production to support its army in the field while the South had to rely on its foreign trading partners for the replenishment of its war chest. Now, since the North had a stronger navy than the South, it was able to rule the seas and managed to organize an effective blockade, thereby preventing the South from procuring war supplies from other countries. The effect was a weakened southern army due to a depleted supply. These were the two primary reasons that gave rise to the observation that the South was doomed from the start (Murphy, 2008). Some observers believed that these advantages which the North enjoyed at the outset were initially offset by two factors which worked in favor of the South. The first was the fact that the Confederate Army was commanded by better military leaders. Before the Civil War broke out, majority of the finest and more senior commanders in the United States military came from the South. This was because of a southern culture which prized a military career for their men. Because of this culture, it had been customary for rich families to send their sons to the West Point Military Academy which was located in the North and start their career in the military. As soon as the secession was announced by the southern states, many of them resigned from their posts to serve with the Confederate Army. Some of these officers were Generals Robert E. Lee, Thomas â€Å"Stonewall† Jackson, Albert Sidney Johnston, James Longstreet, P. G. T. Beauregard, and Joseph E. Johnston. Most of them held more senior ranks in the United States Army compared to majority of the officers who remained with the Union Army of the North (EDSITEment, n. d. ). The second advantage of the South, according to observers, was the theater of operations and the character of the war itself. Since the Union Army invaded the South, the war was fought on southern territory. This means that the Confederate soldiers had the advantage of knowing the terrain better than the enemy who had to fight in unknown territory. It follows, therefore, that the soldiers of the Confederacy were more mobile and flexible. There was also the fact that for the Southerners, the war was defensive in character. War strategists believe that victory is easily achieved in a defensive war since the defenders have only to defend their ground and wear the invaders down. The North had the more difficult task of occupying the South and forcing them to surrender (EDSITEment, n. d. ). In addition, the Confederate soldiers were more passionate and more desperate for victory. They were defending their soil, their institutions, and most of all, their families. Someone said that When you believe that you are defending your wife and children from invaders, you care more about your cause than those who are simply being paid a wage to go fight for a cause that does not influence their lives as directly. This made a significant difference on the battlefield (Murphy, 2008). The soldiers of the Confederate Army, therefore, enjoyed a higher morale on top of their superiority as far as mastery of the topography of the areas where the war was fought was concerned. Unfortunately, these were not enough for them to win a protracted war. In fact their â€Å"home court† advantage was believed to have worked against them as the war progressed. For every successful thrust on the part of the Union soldiers which resulted to the capture of a piece of Southern territory, the adverse effect on the morale of Confederate soldiers had been substantial. This was particularly apparent when the Union Army succeeded in capturing an area situated between the Mississippi River and the Appalachian Mountains and when the Confederate Army was effectively cut off from their important industrial and agricultural resources as a result of successful campaigns waged by the Union Army in the central and western regions of Tennessee (EDSITEment, n. d. ). The South was likewise believed to have acted based on a false assumption which contributed greatly to their defeat. This false assumption was echoed by South Carolina Senator James Henry Hammond in 1858 when he said that the South was in such a valued station that no country would even think of declaring war against it. Specifically, he declared that â€Å"The world was so dependent on cotton that Southerners could coerce any foreign country into coming to their aid merely by threatening not to sell it† (EDSITEment, n. d. ). Indeed, if Great Britain, who was a major consumer of the South’s cotton, sided with the Confederacy, the war could have ended differently. The South was so confident in their hold of the world cotton market that when the blockade was declared by Abraham Lincoln, Jefferson Davis, who was then acting as President of the Confederacy, did not do anything about it. He was certain that when the countries in Europe would be starved of cotton, they would voluntarily send their navies to destroy the blockade set up by the North, declaring war against the Union in the process. Unfortunately, this was not what happened. Instead, the European countries merely turned to Egypt and India for their cotton requirements, dealing a hard blow to the economy of the South (Newton, Poulter, Simon, Symonds, and Woodworth, 2005). In the end, the great military commanders of the Confederate Army could not do anything with a depleted army and were forced to surrender. The destruction of the economy of the South proved to be the most decisive factor in the Civil War (Murphy, 2008). References EDSITEment. (n. d. ). On the Eve of War: North vs. South. Retrieved April 28, 2008 from http://edsitement. neh. gov/printable_lesson_plan. asp? id=745 Murphy, A. (2008). Strengths Weaknesses of the North and South During the Civil War. Retrieved April 28, 2008 from http://www. associatedcontent. com/article/532303/strengths_weaknesses_of_the_north and. html Newton, S. H. , Poulter, K. , Simon, J. Y. , Symonds, C. L. , and Woodworth, S. E. (2005).

Home Energy Management System

Home Energy Management System 1) INTRODUCTION Network of electricity that intelligently integrates with users actions connected to network for sustainable, economical and secure supply is called smart grid [1]. Smart grid is called smart due to fast communication and networking capabilities. Smart grid has an important role in energy structure adjustment, coping with climate changes and economic development [2]. Since 1982 energy demand during peak hour is increasing 25% approximately every year [3]. New intelligent devices must be used to fulfill energy requirements. In order to add intelligence new technologies are to be developed. Electric intelligence is only requirement for operational cost and energy consumption reduction [4]. These new technologies should be able to remove peak load and off load power difference, should be capable of making demand-supply curve smoother and should reduce environmental pollution. In smart grid user plays a vital role in reducing and optimizing energy consumption thus improving system efficiency. In smart grid emission of CO2 and household energy consumption is reduced by 9% and 10% respectively [5] In order to improve electricity consumption keeping in view of consumer’s need there should be an optimum solution. Different optimization techniques can be used for energy management. Different technologies like home area networks, home automation, advanced metering infrastructure and bidirectional communication are introduced by smart grid during past few years [6]. Now a days Zigbee and sensor networks not only monitors the quality of power but use powerful strategy for communication and distribution and sale locally generated energy back to grid [7] [8]. Demand Side Management (DSM) system is important utilization efficiency parameters which have been ignored due to complex dynamics of consumption, random behavior of consumers and lack of commutation technology. The advancement in communication technology has revolutionized the power sector and introduced a concept of new modernized electrical system called as Smart grid [9] .The concept of demand side management was first introduced in late 1970’s which reduces GHG, provides reliable energy reducing the electricity cost [10]. Traditional grids consists of DSM but do not provide such type of reliability to users due lack of sensors and inefficient automation and communication. But smart grid is more efficient due introduction of low cost sensors, smart meters and integration of ICT [11]. Challenges faced by smart grid is shown below Interoperability is said to satisfy if multiple communication network coexist in smart grid. Scalability means increasing number of hardware’s in proportion to others but due to increase in demand this become a major issue can be solved by using sensing networks. Smart grid holds different communities and societies which become an issue in order to resolve it integration of power system is required which is done with actuation, security and communication networks. Security is main issue in smart grid because a hacker can interrupt the data of smart grid and easily access to smart meters so this issue can be resolve by modernization the security and by data hiding [12]. The smart grid consists of HEMS that enable demand response and demand side management. On the basis of power supply demand response is responsible for altering and managing the energy and demand side management (DSM) controls the planning, techniques and implementation of policies [13]. There are two major schemes of HEMS one is communication and 2nd one is optimization [14]. Home energy management systems consist of three basic functional blocks [15]: HEMS software Home energy management center(HEMC) Load scheduler. HEMC provides customer’s user’s friendly graphical representation which not only provides assistance to customers but also give them control over various loads using load scheduler. HEMC software uses lab view developer tool that provides necessary information to customers using Zigbee protocol. It has two main sectors a) home tab b) data tab. The information load control, line control and on/off control is provided by home tab on/off control use in switching sequence and its major application is that it is used to detect any abnormality in hardware. The data logging of current and voltage with in time is represented by data tab. Load scheduler considers the bundle of single knapsack known as multiple knapsacks due to which customers become aware of peak load at specific time and interval of occurrence. A load scheduler not only determines the critical and non-critical loads but also time dependent loads. In emergency conditions it also controls various loads. This also stores data of electricity consumption 24/7. Energy management is an organized and systematic coordination of procurement, conversion, distribution and use of energy to meet the requirements, taking into account environmental and economic objectives [16]. Energy management systems are computer aided tools that are used by operators of utility grid for controlling, monitoring and optimizing the generation and transmission system performance. In efficient energy consumption the participation of end user is as much important as the supplier. In modern power supply systems end users’ are provided with RT-feedback (real-time feedback) via different website portals, in-home displays (IHD), or some other feedback viewer device like mobile etc. [17]. Provision of feedback to end user will motivate them to alter their energy usage to minimize the electricity bills. In present smart grid system end users’ are forced for shifting their energy usage on peak to off peak hours regardless of their comfort and life style [17]. All over the world major portion of energy is consumed by residential users, so they can play an important role for energy optimization. Research shows that energy consumption is minimized by 12% by installing energy consumption information system and displays energy consumption of whole unit [18]. Due to advancement in technology the industries has become advance due to which energy demand increases which results in load shedding and blackouts and use of fossil fuel is increases which will finish soon. Now world is going toward non-conventional energy resources like solar and photovoltaic cells but in order to provide information regarding to electricity to customers the smart hems use analogue and digital systems which is an efficient methodology. Home energy management systems play a fantastic role in distribution of energy via conventional grid and homes optimistically. With increasing demand of energy the communication in wired as well as in wireless medium is increased. Internet connection and intranet connection is makes low cost smart homes. Zigbee is one of the devices that uses for communication between smart homes and smart grid. Zigbee alliance introduced Zigbee standard protocol based on IEEE 802.15.4 standard set by IEEE and new standard committee (NESCOM) for low rates wireless personal area network [15]. Zigbee consists of four layers. Zigbee Zigbee alliance platform IEEE 802.15.4 There is a great difference between energy production and consumption, low production cause deficiency of electricity supply. World energy production pie chart is shown as There are many optimization techniques that are used for optimization one of which is knapsack. In knapsack there are many algorithms used for obtaining the best optimized result. In this paper we will make comparative study of some algorithms of knapsack and we will find the best solution obtained from these algorithms. Comparison of different home energy management schemes: Optimization based residential energy management: It is the linear programming model basic purpose of this model is minimization of electricity cost at residential areas [1]. In this scheme a day of 24 hours is divided into equal time slots having equal lengths consists of various prices of electricity like time of use (TOU) tariffs. The objective function shows that with proper scheduling we can reduce the energy expenses by division of home appliances in time slots. Objective function is defined as EI DI Ut St Where I define number of appliances, E defines energy consumption of appliance, J number of days, DI length of cycle of appliance, K number of requests, Ut unit price for slot t and T number of time slots. IN home energy management (iHEM): This scheme use smart appliances like energy management unit (EMU) and wireless sensor home area network (WSHANs) for communication purposes between appliances (IHEMS). It also uses (Zigbee) protocol, wireless sensor networks and cluster tree topology. In this scheme customer may turn on appliance at any moment without being worried about peak hours. In home energy management (iHEM) gives suitable time to customer for appliance use. How iHEM works a request package is sent by appliance to EMU at the start, on receiving the packet EMU communicates with storage system in order to know available energy. Energy management unit (EMU) than communicates with smart meter for current prices. The storage unit send available reply containing information about storage energy when EMU receives packet, it schedules the suitable start time according to iHEM algorithm. It also reduces the carbon emission and energy consumption cost. 2) KNAPSACK: The single knapsack is a problem of combinatorial optimization having objects, values and weights packed into knapsack of specific capacity such that value of object is maximized [19] .The multiple knapsack is generalization of single knapsack problem it is resource allocation problem consists of M resources and set of N objects [19]- [20]. Knapsack problem is basically an items set that have different weights and values. Our choice of item must be in such a way that it should be maximum among the weights of given items. Knapsack allows community to use energy efficiently in order to achieve their goals. It not only minimizes the customer bills but force them to use their heavy appliances other than peak hours. It is estimated that energy demands overall around the world increasing 25 percent per year so its great challenge for us to fulfill the demand [21]. In order to overcome the increasing demand of energy we need to optimize energy usage. Knapsack is one of the optimization technique used for optimizing a problem. 2.1) Types of Knapsack: There are different types of knapsack which are as 1) 0-1Knapsack problem. 2) Bounded Knapsack problem. 3) Unbounded Knapsack problem. 2.1.1) 0-1 Knapsack problem (binary Knapsack): In such case the item is either taken or not taken (accepted / rejected) there are no other possibilities. Suppose a set of ’n’ items having different weights and values say ‘wi’ and ‘vi’, xi is the number of copies of item of set ‘n’. In mathematical form: Maximize ixi Subject to i xi ≠¤ W Here Xi {0, 1} 2.1.2) Bounded Knapsack Problem: In bounded knapsack problem restriction on xi is removed i.e. xi is an integer value in BKP. In BKP restriction is applied on copies of each item of set ‘n’ to some integer value say ‘ci’. Mathematically: Maximize ixi Subject to i xi ≠¤ WHere xi {0, 1†¦ ci} 2.1.3) Unbounded Knapsack Problem: In unbounded knapsack problem no restriction is applied on xi. Mathematically: Maximize ixi Subject to i xi ≠¤ WHere xi ≠¥ 0. 2.2) Algorithms for Knapsack: There are many algorithms for solving 0-1 knapsack problems which are as [22]: 2.2.1) Brute Force: It is a straight forward approach based on statement of problem and concepts’ definition. If there are n items that can be chosen from a set of given items then there will be 2n possible combination of items for knapsack. There is a bit string of 0’s and 1’s, if the string is 1 of an item then it is chosen if 0 then not chosen. 2.2.2) Dynamic Programming: It is a technique in which a complex problem is divided into smaller sub problems. These sub-problems are then solved and are recorded in table. Thus table obtain is utilize to solve original problem. The complexity of this algorithm is O (NlogN). 2.2.3) Greedy Algorithm: This algorithm requires some common sense and problem solving experience for solving problem. It’s a decision making process which may have following steps: 1) Choosing such item that has maximum value in knapsack. 2) Choose item with less weight. 3) Choose item with high value to weight ratio. 2.2.4) Genetic Algorithm: It is an algorithm used to search best solution among different possible solution of a problem. It begins with a solution set and each set is called population. A new population is made from old population by selecting them according to certain specified fitness level. 3) Appliance Usage Control: In [23] consumption of electricity is not always rational it also depends on human psychology factors. Different people use different appliances at different time slots. Now if we consider some appliances we can classify them into following categories: 1) Must Run Appliances: Appliances whose time slot cannot be changed and they must run comes in this category. 2) Fixed Run Appliances: Appliances that run only once a day at specific time. 3) Flexible Appliances: Appliances that can be run at any time in a day they don’t have fixed time. Some of the household devices are shown below: Oven LampRefrigerator Fan Considering human psychology factor the use of appliances can be categorize as: 1) Emergency Use: Appliances that use in some sort of emergency. 2) Welfare: Appliances that use for welfare 3) Enjoyment: Appliances that use for enjoyment purpose. Taking an example of personnel computer that is used by student for his working purpose or for emergency while an adult use it for enjoyment purpose. In order to make decision on which appliance should be used during peak hour follows analytic hierarchy process. Bibliography

My Dad :: Personal Narrative Profile

Personal Narrative- My Dad Oh my god, I thought this day would never come. He'll be all right, I hope? Why him, why not some one else? On the far southwest corner of the ranch the cool wind whispered through the tall cotton wood trees, forcing me to feel helpless. Time was winding down and I was to. Indescribable hot sweats came over me, my knees began to buckle. I heard my dads voice say, "I'm a goner" echo through the dust cloud that my jittery feet were creating. He was never wrong, in my opinion, but I wanted him to be so badly. I said a prayer and we said, "I love you" for the last time. The ambulance putted up the road barley cleaning it while I sat and watched my daddy slip away, in front of my eyes. Suffocating and fading fast he looked right at me and I thought I had lost my best friend forever. After many years of hard labor as a mechanic, my dad developed bone spurs in his upper spine at the age of 51. Pain was involved in his everyday life but never stopped him from taking care of his family. Although he could still maintain the ranch, he lost an asset that we loved, and that was throwing a ball here and there. After a while it took control of his life and he wasn't able to do anything. A family discussion was held, options flew here and there, finally a verdict. He would get the surgery, and be back and happy in no time. While making this decision there were things we had talked about. Such as what would we do if we lost you? In addition, is it a safe surgery? It was a touchy subject but we had to talk about it. The doctor told us he had never had a death and that it was a common operation. This made my mom and I feel a wee bit more comfortable until the day of surgery. He couldn't eat or drink certain things, no painkillers, and was even told to think about happy things. These precautions were taken to lessen the chance of a problem during surgery smaller. The next week flew by quickly and during that week my family spent every moment together like it was our last. My dad and I threw the ball, just like old times, even though it hurt him.

Nickelodeon in Latin America

Taran Swan had successfully launched Nickelodeon in Latin America. Would Swan be able to continue leading the team from New York? Or would it be better to appoint an interim director, and if so, whom? 1) Appoint a current member of the team as interim director †¢Swan knows her team member’s work ethics. They all know about each others projects. †¢Who should she choose? 2) Appoint third party individual as interim director †¢Third party with unattached opinion and new view. Hard to find a person, interview him, etc. 3) Divide responsibilities among current team members †¢Previously divided the Vice President of Marketing between Friedman and McCarty. †¢Valuable because joint partnership with two opinions instead of one. †¢But can lead to communication problems. †¢The position would have to be approved by Corporate, which can be a long process. 4) Continue serving as director remotely from New York †¢Swam has already successfully led her t o team through many challenges. Virtual meetings pose a problem. †¢Swan’s assistant, Sonia Schwarz, could continue acting as her â€Å"point person. † †¢Most work required the staff to travel to Latin America to work on deals with local offices in Argentina, Mexico, and Brazil. †¢Without Swan’s guidance, will her team still have the same energies? †¢Swan’s and her baby’s health is still unpredictable. Recommendation I recommend that Swan should continue to lead Nickelodeon Latin America from New York.She has successfully led her team through many challenges, and she cannot quickly find a person to take her place. She should mitigate risks and ensure there this a â€Å"back up† person incase anything would to happen to her. However, I think her relocating would pose as a minimal problem to her team as nowadays, many things can be done virtually, and people are already used to working with other team members through virtual means.