Saturday, December 7, 2019

Small Business and Entrepreneurship

Question: Discuss about the Small Business and Entrepreneurship. Answer: Introduction: Business plan is a roadmap to success. It must be done correctly and thoroughly as the document is the perfect way to introduce the company to potential stakeholders or investors. The primary points of emphasis of a business plan are the business concept, financial features and requirements, environmental forces governing the business and evaluation of potential risks (Baluku, Kikooma, Kibanja, 2016). Every business needs to state what exactly it needs to sell and the target market. The description of industry, type of operation, legal form, distribution process and competitive edge needs to be provided. Every entrepreneur needs to present these details accurately with the most appropriate development. Further, a business plan needs an elaboration and specification of the capital requirements for starting up a business venture. The capital allocation and funding structure needs to be specified (Koenig, Schlaegel, Gunkel, 2013). The highlights of the important financial points including profits, return on investment, sales and cash flows needs to be determined and analysed. A brief yet thorough description of the macro and micro environment needs to be conducted to keep account of any uncertainties. A competitive analysis shall help in providing details about the competitive environment that shall be faced by the new business venture. Potential risks that may be related to health or business shall be evaluated (Au et al., 2014). All the above information needs to be put under business plan so that the present and future outlook is well established. However, the above may change as the business start-up evolves into an ongoing venture. When a business venture begins and business strategies start taking form, results are obtained. The business could begin as a successful venture or might need improvement. The main elements that change in an ongoing venture are financial elements and management strategies (Koenig, Schlaegel, Gunkel, 2013). The organization goes through several phases after initiation and the entrepreneur may realize the need of less of greater resources (financial, technological and human). The entrepreneur may also come to realization that the business requires modification in allocation of funds. There might be certain areas that require more funds while there might be others that require significantly less investment. The changes in fund allocation shall be made accordingly (Cassar, 2014). The technology-based companies adapt and keep up with rapidly changing markets, products, and competitors for survival. With the changing trends, tastes and preferences of customers, the technology-based companies such as Google, Apple, IBM and various others are rapidly changing. The IT companies monitor customers closely and observe what they are buying. A sensitivity analysis is conducted by them to determine the possible business and strategy implications. The technology-based companies welcome failure as a part of their organizational culture. By constantly adding feedback loops helps them ensuing if they are on the right trajectory. It takes a long time to implement technology in the market from discovery (Daniel, Vzquez Cano, Gisbert, 2015). The IT companies focus both on success and failure so that they can work smarter. The technology companies are process focused. The adaptable organizations foster a culture of accountability. It is built with systems perspectives so that the employees a technology firms understand how their decisions shall impact others as well. Rather than co-operating, the technology based firms choose to compete against the competitors (Poulis, Poulis, Dooley, 2013). This is because the newest technology gains significant market share. The followers of the same or similar technology gains less customer popularity comparatively. A strategy creates direction and vision for an organization to prevent individuals from distorting away or losing sight of the organizational aims. Resources refer to the physical, human and financial resources that are essential to run an organization. Strategic thinking is important to the organization as it helps an organization become more successful. Strategy helps the organizations to identify emerging opportunities and adapt to the marketplace needs (Koenig, Schlaegel, Gunkel, 2013). Resources help the organization attain its goals. Without finance, technology and human resources, an organization is deemed to fail. The tangible and intangible assets of any organization help it bringing close to the desired goals or objectives (Oxtorp, 2014). However, strategy is also useful in times of resource limitations. Every organizational leader needs to avoid costly mistakes so that the resources are not wasted. Strategy helps in framing the ways and procedures in which the resources can be used more effectively. Without proper strategic thinking and execution the organizations might fail, although it is not possible to attain goals without using resources. Therefore, both the terms are mutually exclusive. Without having one, the company cannot have the other successfully (Klingebiel Rammer, 2013). Not all entrepreneurs are successful. There are a set of traits that make them able to succeed from other individuals. One of the most common entrepreneurial traits is that the entrepreneurs are full of determination. The entrepreneurs are determined to grow their business, increase sales and hire employees to execute the strategy successfully. A good entrepreneur does not crumble under pressure. The successful entrepreneurs are not afraid to take major risks. The entrepreneurs have high level of confidence that makes them able to do their job successful even under stress and pressure. They understand that big challenges help in bagging great rewards. The entrepreneurs are able to focus on the finish line and they grab any possible opportunity and challenge. They crave learning and strive to constantly evolve. A smart entrepreneur considers failure as a part of the game. The entrepreneurs consider failure as a secret to success and as learning experiences (Kolb Wagner, 2014). An entrepreneur is highly passionate about his business and enjoys whatever he does. If one does not enjoy what is doing, he shall collapse in times of stress and pressure. The entrepreneurs are extremely adaptable and respond to changes or any uncertainty real quick. They make quick decisions that allow them to drive in the business environments. An entrepreneur makes excellent financial decisions regarding spending and allocation of funds. They have a clear financial map that can help sustain their business. An entrepreneur has a strong contact list and networking chain. They build value-based relationships that are long-term in nature and mutually beneficial (Koenig, Schlaegel, Gunkel, 2013). Successful entrepreneurs take initiatives to assist others in style and control. They are independent and do everything in their power to make a venture successful. They are knowledge seekers and are clearly able to convey their business ideas. A business can be successful if the entrepreneur has a strong sense of ethics and integrity (Klingebiel Rammer, 2013). While cheaters and thieves may win in the short term, they invariably lose out in the long run. Entrepreneurs are also known for their drive for innovating new ideas and modify existing processes. They focus on effectiveness to win business. They enjoy challenges and like to win. They are in constant competition with themselves to make the business venture bigger. Effective people nurture these relationships and surround themselves with people who can help make them more effective. Any good leader is only as good as those who support him (Al Mamun Ekpe, 2016). References Al Mamun, A. Ekpe, I. (2016). Entrepreneurial traits and micro-enterprise performance: a study among women micro-entrepreneurs in Malaysia.Development In Practice,26(2), 193-202. https://dx.doi.org/10.1080/09614524.2016.1135879 Au, K., Chiang, F., Birtch, T., Kwan, H. (2014). Entrepreneurial financing in new business ventures: a help-seeking behavior perspective.International Entrepreneurship And Management Journal,12(1), 199-213. https://dx.doi.org/10.1007/s11365-014-0332-5 Baluku, M., Kikooma, J., Kibanja, G. (2016). Psychological capital and the startup capitalentrepreneurial success relationship.Journal Of Small Business Entrepreneurship,28(1), 27-54. https://dx.doi.org/10.1080/08276331.2015.1132512 Cassar, G. (2014). Industry and startup experience on entrepreneur forecast performance in new firms.Journal Of Business Venturing,29(1), 137-151. https://dx.doi.org/10.1016/j.jbusvent.2012.10.002 Daniel, S., Vzquez Cano, E., Gisbert, M. (2015). The Future of MOOCs: Adaptive Learning or Business Model?.RUSC. Universities And Knowledge Society Journal,12(1), 64. https://dx.doi.org/10.7238/rusc.v12i1.2475 Klingebiel, R. Rammer, C. (2013). Resource allocation strategy for innovation portfolio management.Strategic Management Journal,35(2), 246-268. https://dx.doi.org/10.1002/smj.2107 Koenig, M., Schlaegel, C., Gunkel, M. (2013). Entrepreneurial Traits and Strategy in the Performance of Owner-manager Led Firms: A Meta-analysis.Academy Of Management Proceedings,2013(1), 15671-15671. https://dx.doi.org/10.5465/ambpp.2013.110 Kolb, C. Wagner, M. (2014). Crowding in or crowding out: the link between academic entrepreneurship and entrepreneurial traits.The Journal Of Technology Transfer,40(3), 387-408. https://dx.doi.org/10.1007/s10961-014-9346-y Oxtorp, L. (2014). Dynamic managerial capability of technology-based international new venturesa basis for their long-term competitive advantage.Journal Of International Entrepreneurship,12(4), 389-420. https://dx.doi.org/10.1007/s10843-014-0133-5 Poulis, E., Poulis, K., Dooley, L. (2013). Information communication technology innovation in a non-high technology sector: achieving competitive advantage in the shipping industry.The Service Industries Journal,33(6), 594-608. https://dx.doi.org/10.1080/02642069.2011.623776

Saturday, November 30, 2019

The Inferno Essay Example For Students

The Inferno Essay The Inferno, translated by John Ciardi, is a poem of Dante s immortal drama of a journey through Hell. Sensory imagery is established throughout the poem in the course of Virgil s attempt to aid Dante through the different symbolic retributions that make up the structure of Hell. Virgil is Dante s symbol of all human reason and volunteers to guide him only as far as human reason can go. Sensory imagery help create the image of events where Virgil assists Dante. He reminds and encourages Dante courage when he weeps from hearing the cries when they arrive in front of the Gate of Hell. We will write a custom essay on The Inferno specifically for you for only $16.38 $13.9/page Order now In Canto IV, Dante is awoken by a monstrous clap of thunder, initially representing the cry of all damned souls as one from the pit of Hell. This event signals to Dante what he is about to face as he journeys along into Hell. Dante has second thoughts when he sees Virgil s pale face but Virgil reassures him that his face is just pale because he feels pity for those who are below them. In the sixth circle they hear a sound as if two continents of air clashed on in a war of winds after dealing with Medusa. Virgil called for a heavenly messenger to open the gates of Dis because human reason has its limits. The primary example of symbolic retribution is where Dante first hears the terrible noise of unending cries and wails coiled and recoiled on the starless air when he and Virgil enter the Gate of Hell, making Dante shed his own soul of tears. These cries are from the souls of the Opportunists who are uncommitted, neither rebellious against God nor faithful to Satan. They are punished by being constantly stung into movement, a never-ending rout of souls in pain due to being indecisive in life. Dante responds by crying, feeling sympathetic for the poor souls because they didn t choose between good and evil but must still be punished. In a while they come to third circle and discover the Gluttons lying in the stinking dirt where they wallow in food and drink. They made no other uses of God s gifts so they lie like garbage in disgusting slush. Later Dante finds the souls of the Fortune Tellers and Diviners in the eighth circle where he hears them weeping and sees them hideously distorted, for their face was reversed on the neck†¦ staring backwards at their loins. They attempted to look in the future and now are punished by having their heads on backwards and also by walking for eternity backwards. Attempting to know the future is a distortion of God s laws so they are forever deformed. The sensory imagery creates a more intense and imaginative view of the structure of hell. As Dante descends deeper into Hell, the sensory images become worse and worse. In the first circle, Dante hears sounds of blows, all intermingled with hoarse and shrill voices. These quiet sighs of sadness come from the Virtuous Pagans, ones who were born before Christ. They later reach the inner edge of the sixth circle and have to hide behind the cliff to get used to the foul breath coming from the seventh circle. In the seventh circle they find the Violent against their Neighbors, self-indulgent in blood in life, so they are immersed in the boiling blood, according to the degree of guilt. In the Canto, Dante approaches the end of all evil, feeling the wild and bitter wind and takes cover behind Virgil s back. This wind comes from the flapping wings of a monstrous creature, Satan, covered chest-down in solid ice and is the sole origin of all sin. Dante s journey through Hell couldn t have been more imaginative with out sensory imagery. From the silent cries of the Opportunists to the cold chill of Satan, nothing makes a journey to Hell more evil and sinful than the use of sensory imagery.

Tuesday, November 26, 2019

Triage by scott anderson essays

Triage by scott anderson essays The novel, Triage, by Scott Anderson, chronicles war photojournalist Mark Walsh's experiences as he struggles through the hardships of his occupation and the challenges of daily life. By incorporating themes such as guilt, forgiveness, the nature of modern war, and sense of belonging, Anderson is able to link characters and create complex parallel stories while maintaining an appealing plot. When Mark is hit by an artillery shell in Kurdistan his world is turned upside down. He survives but his best friend Colin does not. Colins final wish is to be taken back to New York, but in horrific turn of events, Mark finds himself having to leave Colin for dead to aid his own survival. He is taken to the Harir Cave, where Ahmet Talzani, the doctor at the hospital, practices Triage, where your fate is decided by a system of plastic, colour-coded tags. His system was simple, if you received a red tag then you would be treated, a yellow, and be left alone, but a blue meant death. Talzani knows he has no time to decide wether a person can be cured or not, there are too many injured coming in in the aftermath of war. Would you believe that sometimes I am so tired, or the cave is so dark, I am not even sure of the colours I give them? My little tags are for them, because they need to believe there is a system. For me I know it is all fate. It is from him that we learn about the nature of modern war. There is no pattern to who lives and who dies in war... In war, people die because they do. Modern war is more about firepower than manpower. Gone are the days where landscapes were filled with foot soldiers attacking each other in the masses. This is replaced with artillery, tanks, helicopters, and fighter jets. Talzani has a sense of belonging, as he says: Homeland. It doesnt matter what you do or what you believe, you never escape the homeland. They talk of free will but we are all homing pigeons ...

Friday, November 22, 2019

Accounting and Financial Reporting for Financial - MyAssignmenthelp

The accountants are depicted to be showing the appropriate setting of the important role which is being used for showing the investments within the organization. The formation of the standards is created by the help of the standards that are set by the accountants and also it is depicted to be possible for the company to investment in a proper way. The overall structure of the company is depicted to be consisting of the accounting management which enables the company to strategize the financial plans and also the Acts are included which guides the company in the establishment of the action plan (Dalton, 2013). As per the case study is provided, Pringles Limited is showing a great performance and is also enable of making huge profits as indicated in this case. The construction of the work is being made by showing the illustrations of the work which is showing the deterioration of the performances shortly. As per the case study in being illustrated in this case, the satisfaction of the work is depicted to be showing the changes of the performance which is being carried out for the betterment of the company (Stice and Stice, 2014). Therefore, the predictions are made for showing the enhancement of the work an also the managing director is planning for the betterment of the company with its accountant and also targets to satisfy the shareholders of the company. The stakeholders are the people who are affected directly or indirectly by the business operations of an organization. The internal stakeholders of Pringles limited are employees, managers, and owners. The employees need financial information in order to determine whether the company would be able to provide them job security or not. The owners and managers are interested in maximizing the profit margin of the business organization (Appannaiah, Reddy and Putty, 2010). The external stakeholders of the company are suppliers, government, creditors, customers, shareholders, and community. The suppliers want that the organization should purchase raw materials from them. The government needs financial information in order to determine the amount of tax that should be paid by the business organization. The creditors want that their due amount should be paid in full and on time. The customers expect a high quality of products and services at a low cost (Besley, 2016). The shareholders analyz e the financial report of the company to examine the financial position of the company and expect returns. The community wants that the company should positively contribute to the local population and environment. The accountants and auditors should follow the rules and regulation during the preparation of the financial statements. It is the responsibility of the auditors to present true and fair view of the financial report in front of the stakeholders. The stakeholders should be provided with accurate financial information in the financial statements. The ethical rules and code of conducts should be followed during the preparation and presentation of the financial statements. In the given case study, Pringles limited was following straight line depreciation method to estimate the deprecation value (Britton and Waterston, 2013). The company was generating profit, and it was expected that profit would increase in the next two years. However, the economists predicted economic slowdown and fall in the profits in the year 2018 and 2019. The general manager of the company approached Marion Mason an accountant and asked her to decrease the profit in the next two years and transfer in the year 2018 and 2019 (Wolf, 2010). The main aim of the manager is to show consistent profit over the next few years. The act clearly shows unethical activity decided by the manager and the accountant. Marion Mason did not feel the reason for change is justified and she was very much concerned about her contract with the company. Thus, she decided that the depreciation method should be changed from the straight line method to the sum of years’ digits method (Dewey, 2016). The changes that were decided by Marion Mason was unethical because the method was changed to show low profit of the company. The changes in the method were also not disclosed in the notes to the financial statements which means that the stakeholders were not informed about the changes. Thus, the activity clearly shows an unfair representation of the financial statements. The preparation of such statements is considered as an unethical act which shows ethical issues during the preparation of the financial report.   The stakeholders of the company are misguided and provided with inappropriate information. The accountants are responsible for the fair representation of the financial report and in this case the accountant the presenting unfair financial statement which clearly shows unethical act (Espejo, 2010). The changes in the accounting methods are depicted to be creating a negative impact on the company which can be easily illustrated from the entities that are holding the depreciations with using the devaluation of the results. This simply defines the entities that are facing the effects of the depreciation with the changes in the process of the accounting (Welch, 2014). The conduct is simply illustrated as the effect which is reflecting the asset’s future economic beliefs and also the expectations are depicted to be made when it is being consumed by the entity. Therefore, the changes in the depreciation method are depicted to be reflecting the expenses that are recognized in the case of the Pringles Limited. As per the case study is depicted in this study, it simply illustrates the overall impact which is being illustrated in the form of showing the changes of the depreciation method from the straight line method (Cassedy, 2004). The simple construct is being depicted to be sh owing the enhancement of the study by showing that the Marison does not want to change the structure of the financial statements as it is being illustrated in this case and also the disclosures are depicted to be changing the financial statements as it is being provided by the Peter. Therefore, the issue is depicted to be raised in this case as it is depicted to be not conducting the ethical work as it is provided in the determined effects. The impact is depicted to be showing the reduction of the income and also the increment of the expenses are being illustrated in this case (Helbà ¦k, Lindset and McLellan, 2010). Thus the pattern of the changes in the accounting methods is depicted to be creating an impact on the changing of the accounting policies which are harmed and also the circumstances are required to be changes as the IAS 16 is allowing the change. The improvements of the standards can be easily made by showing the enhancement of the study and also the changes in the esti mation is clearly explained in this study (Holton, 2012).   As per the AASB 116, it shows the property and the equipment of the company which shows calculations regarding the determination of the accounting. It simply explains the structure which is being involved in the form of showing the appropriate framework of the study (Weil, 2017). The process is also involved in defining the impairment of the losses, and also it helps in the process of the depreciation methods. The current assets are considered in the form of the non-current assets that enables in fulfilling the characteristics of the current assets and also permits the proper models for showing the significant development of the fair value as it is represented in this case. The development of the process is depicted to be showing the elimination of some of the components, and also the explanations is being made by demonstrating the repositioning of the sites (Northington, 2011). It thus can be presented that the stakeholders will achieve the inappropriate information regarding the ad justments which will be made by the company. The corporation must undertake the AASB 116 for the generation of the benefits and also the execution of a certain amount will lead them to gain the fruitful situation in future. Henceforth the company must arrange the assets in an appropriate way for showing the benefits of the income statement as presented by the company Pringles Ltd. This shows the path for the enhancement of the costs which is being used for showing the relations as illustrated in this case (Parker, 2007). This indulgement is being made for the purpose of showing the depreciated assets and also the proper development of the company is being made by showing the explanation of the development of the accounting standards for the company Pringles Ltd. This is showing the development of the work which is being made by illustrating the construction of the proper accounting methods which is being presented in this case as it is being explained by the management and the devel opment of the structure. The involvement of the standards is illustrated to be showing the appropriate construction of the assets which is being illustrated in this case. The enhancement of the accounting standards is depicted to be showing the appropriate development of the work which is illustrated in the form of the management of the work (Parrino, 2015). The overall explanation is surrounding the possible construction of the researcher which is being used to understand the current depreciation methods which are appropriately explained in this case. This simply explains the structure of the study which is showing the explanation of the performance and also the probability is being quickly calculated in this case (Powers and Needles, 2012). Thus the explanation is being made by showing the future losses of the company that also shows the compensation of the future losses and also the accountant is depicted to be deciding the adoption of the appropriate techniques for the illustration of the issues in an appropriate way. This also provides a part of mitigating the appropriate considerations which are being clearly explained in part for mitigating the issues. The illustrations can be easily made by showing the appropriate understanding of the depreciation method (Spiceland, 2010). This is being well explained in this case study as it is undertaken in this case of the Pringles Limited.   Appannaiah, H., Reddy, P. and Putty, R. (2010).  Financial accounting. Mumbai [India]: Himalaya Pub. House. Besley, S. (2016).  Corporate finance. [Place of publication not identified]: Cengage Learning. Britton, A. and Waterston, C. (2013).  Financial accounting. Harlow: Financial Times Prentice Hall. Cassedy, P. (2004).  Finance. San Diego, Calif.: Lucent Books. Dalton, H. (2013).  Principles of Public Finance. Hoboken: Taylor and Francis. Dewey, J. (2016).  Ethics. Read Books Ltd. Espejo, R. (2010).  Ethics. Farmington Hills. MI: Greenhaven Press. Helbà ¦k, M., Lindset, S. and McLellan, B. (2010).  Corporate finance. Maidenhead, Berkshire: Open University Press/McGraw-Hill Education. Holton, R. (2012).  Global finance. Abingdon, Oxon: Routledge. Northington, S. (2011).  Finance. New York, NY: Ferguson's. Parker, R. (2007).  Understanding company financial statements. London: Penguin. Parrino, R. (2015).  Corporate Finance. Singapore: John Wiley & Sons. Powers, M. and Needles, B. (2012).  Financial accounting. [Mason]: South-Western, Cengage Learning. Spiceland, J. (2010).  Intermediate accounting. Toronto, ON: McGraw-Hill Ryerson. Stice, J. and Stice, E. (2014).  Intermediate accounting. Mason: South-Western/Cengage Learning. Weil, R. (2017).  Financial accounting. [Place of publication not identified]: Cengage Learning. Welch, I. (2014).  Corporate finance. Los Angeles: Ivo Welch. Wolf, M. (2010).  Fixing global finance. Baltimore, Md.: Johns Hopkins University Press.

Wednesday, November 20, 2019

Traditional Therapy resetting itself to Spiritual Therapy in the Essay

Traditional Therapy resetting itself to Spiritual Therapy in the present - Essay Example Professionals find ways to deal with these pains and emerge stronger. (Rogers, Cynthia : 2004) The challenges faced by psychotherapists from work and personal life can enrich their professional lives as every case opens a new window of learning, which enables experienced psychotherapists to apply their skills laterally enlarging the scope of their professional expertise being sought in diverse fields. During the course of their work, psycho therapists come across a large number of traumatic cases such as depression, pre and post divorce trauma, a suicide, bad debt or personal bereavement. Every individual has a unique personality, emotional and mental make up which dictates his response to a situation. Each case is thus exclusive in circumstances, construct and the result. A psychologist has to study each case in great detail and apply past experience with caution in respect to its relevance and develop prescriptions which can provide succor to a person on the verge of despair. At ti mes there may be a tendency for the personal and the professional to be mixed us as a therapist may see images of the patient being reflected in his personal life. (Rogers Carl : 1951). Thus each case offers a new window of learning to a perceptive psychotherapist, enlarging his vistas.

Tuesday, November 19, 2019

DENISON DAM (TX-OK) Essay Example | Topics and Well Written Essays - 2500 words

DENISON DAM (TX-OK) - Essay Example Ever since the dam was built, the lake has reached its spillway three times; which is 200m or 640 feet above the sea level: in 1957, 1990 and the most recent happened in 2007 (Mathews p44). The dam is renowned for its large size and power production magnitude. Though there are more dams that have been constructed ever since, it makes a good deal of contribution to the general output of the Unites States dams. It has 14 million cubic meters or 18,800,000 cubic yards of rolled –earth fill; it also produces about 250,000 megawatt of hydropower electricity annually. Lake Texoma itself provides about 154,000,000 cubic meters or 125,000-acre feet of water storage to the local communities in five permanent contracts. Additionally, the dam has offered some other benefits such as the federally owned and managed wildlife refuge areas. Through this, it has provided about 47 areas for recreational activities. These recreational areas are owned and run by the United States Army Corps of Engineers (Ojeda p85)). There are two state parks – one situated in Texas while the other is situated in Oklahoma. In addition, there is an extra 32,000 hectors or 80,000 acres of land opened for public use as hunting grounds. Lake Texoma has two main sources, which are the Washita river from, the north and Red river from the West. The minor sources of the dam that can be noted are the Little Mineral Creek, Big Mineral Creek, Rock Creek, Buncombe Creek and the Glasses Creek. Lake Texoma then drains to the main outlet, the Red River into the Denison dam. Normal elevation of the pool fluctuates from 615-619 feet which is about 187-189 meters NGVP (National Geodetic Vertical Datum. These limits depend on the time of the year. The flood control section extends the height to about 197 meters (645feet) NGVD (National Geodetic Vertical Datum). Texoma Lake has crested the Denison dam’s spillway at the level of

Saturday, November 16, 2019

Psychological Association Essay Example for Free

Psychological Association Essay The code, first published in 1953, is applicable to psychologists of all categories though various principles are mostly relevant to clinical psychologists in their activities of research, teaching, assessment and therapy. The objective of these codes is to instill ethical behavior among psychologists. The code is categorized into two groups namely: Ethical standards; It encompasses rules that are enforceable and specific covering a great deal of activities performed by psychologists. Ethical standards are further categorized into 10 groups with a sum total of 89 standards. They include; Impact of the APA code of ethics to psychology The field has mostly committed people who have a far greater motivation for doing their work other than material wellbeing. This stems from observing the virtue that proclaims that psychologists should not harm clients but strive to benefit them. Keenness and high levels of professionalism are more pronounced in the field due to the fact that accuracy and truthfulness is one of the guiding principles for psychologists. The principle stressing for forging of close friendships between psychologists and their clients has the likely effect of speeding up the recovery of clients. This is because one major reason why clients see psychologists is due to problems associated with neglect and loneliness (Lane, Meisels, 1994, p. 34). The public has more trust in psychologists because they are assured of the fact that their confidential information is safely guarded. The chances of a client opening up to a psychologist are therefore high. This in turn makes diagnosis and therapy more effective due to the availability of accurate information. The fact that psychologists happen to be calm and composed people makes the atmosphere around an examination room relaxing. This in turn makes the client who might be inclined to overexcitement also composed. Therapy and examination is thus greatly simplified. The existence of a universally accepted code for the discipline makes it easier to compare notes among scholars from different backgrounds. This in turn makes the synchronization of activities easier and hence connecting of scholars from different parts of the globe. Sharing of ideas is thus enhanced with the ultimate result of improving the quality of content in the discipline (Lane, Meisels, 1994, p. 56) Reference MchWhirter Darien (1995) Equal Protection. New York: Oryx Press, pp. 23, 78 Lane Robert Meisels Murray (1994) A History of the Division of Psychoanalysis of the American Psychological Association. New York: Lawrence Erlbaum Associates, pp. 34, 56 .