Eric Schmidt Google Ceo Essay Example for Free

Eric Schmidt Google Ceo Essay Born April 27, 1955 in the United States capital, Washington D. C. Dr. Eric Emerson Schmidt spent most of his early childhood in Northern Virginia, and Italy, where his father taught at John Hopkins in Bologna. After only two short years, spent during his third and fourth grade, while overseas, by 1965 he was relocated back to the United States, in Blacksburg, Virginia, where his father was appointed chairman of the Department of Economics at Virginia Tech. As a young boy, Schmidt was very technically adept, spending most of his time dissembling and reassembling things. At the ripe age of fifteen, while he attended Yorktown High School, he got his first exposure to computing, utilizing the school’s time-shared terminal on an ASR-33 teletype machine. His father had been so impressed that he rented his very own terminal at home, where Schmidt continued working for the school, rewriting software, which at that time consisted of only tape with punched holes. Schmidt hadn’t always been interested in computers or electronics, which is actually what, led him to apply at one of the top Ivy League institutes, Princeton University. After just barely being missed by the Vietnam War draft, which later played a major role in his political views, he decided to skip a grade, so he could pursue a career in architecture. It was during his senior year at Yorktown that he discovered his true calling, which led him into the field of engineering. After graduating he had considered both MIT and Princeton, but in 1972, he applied to the Jersey based University. Four years later, in the summer of 1976, Schmidt graduated, earning a Bachelor Degree of Engineering. After, Schmidt wanted to move to a warmer climate, such as California, which was partly due to his newly established position at Bell Labs, whom at the time were responsible for inventing UNIX. Schmidt also chose Northern California so he could attend Berkeley University, for their highly regarded computer science program. As his education and experience progressed, he also worked at Zilog, and a part time professor position, teaching at Stanford Business School. During his time at Berkeley, he obtained his Master Degree in Science. It was also there that he worked with some of the greatest minds such as Bill Joy, lead designer that wrote the code that allowed UNIX to operate on an architecture dubbed ARPANET, which essentially was the defining moment the Internet was born. Later in 1997, he moved on to Novell, where his experience and business savvy landed him the position of CEO. A position he held until his departure in 2001, after an apparent disagreement over an acquisition of the Cambridge Technology Partner. Shortly after his resignation Schmidt was interviewed by Google founders, Larry Page and Sergey Brin, which they were so impressed that they offered him a position as chairman of the board of directors in March 2001. But, by August of the same year he was promoted as the company’s new CEO, where he has held his title ever since. At first, Schmidt played a dominant role, overseeing new technology and development, which he soon discovered the true potential of what Google could become. Since his arrival, Google has had such successes as Gmail, Google Wave, Android, and Google AdSense, which also led to the acquisition of the online video website YouTube. Eric Schmidt utilizes a business management model known as the 70/20/10 model. What this model states is that 70% of time should be dedicated to core business tasks, 20% of time should be dedicated to projects related to the core business, 10% of time should be dedicated to projects unrelated to the core business. Although credit for this concept does not go to Schmidt, it goes to Michael M.  Lombardo and Robert W. Eichinger who created this model. According to Lombardo and Eichinger (1996) â€Å"The concept states that development typically begins with realization of a need and motivation to do something about it, and that a blend of different learning approaches in concert can provide powerful learning. Lombardo and Eichinger stated that the odds are that developments will be about 70% from on-the-job experiences, tasks, and problem solving. About 20% from feedback and from working around good or bad examples of the need. About 10% from courses and reading. †(Wikipedia). Along with the 70/20/10 model, I think that Schmidt also applies an administrative management approach, as well as a theory y approach. According to Jones and George (2011) administrative management is â€Å"the study of how to create an organizational structure and control system that leads to high efficiency and effectiveness. They go onto state that theory y is â€Å" a set of positive assumptions about workers that leads to the conclusion that a manager’s task is to create a work setting that encourages commitment to organizational goals and provides opportunities for workers to be imaginative and to exercise initiative and self-direction†(p. 9,p. 59). The 70/20/10 model creates the structure, organization, and control system that leads to efficiency and effectiveness by establishing specific guidelines on how time should be spent. I think a great example of Schmidt utilizing theory y is the pay cut he gave himself. Eric Schmidt took his annual pay down to $1 for the entire year, and didn’t give allow Google to pay him an annual bonus. Instead he used the money to give other senior executives a $75K pay raise, and also an annual bonus raise. I think this sends a strong message throughout the company that the CEO is going to take care of his own. If you think about Google today, it’s thought of as a catch phrase, â€Å"Google it† is something that is commonly used today. Google has become the premier online search engine, as well as online email. They have made great advancements in android technology, and Google is now a part of every smart phone made. This growth and success is attributed to Eric Schmidt who took over as Google CEO in 2001. In 2007 Schmidt was ranked 1st out of 50 by PC world for being the most important person on the web. In 2009 Schmidt was considered a Top Gun CEO by Brendan Wood International advisory agency. It is clear through his personal success and professional success that Eric Schmidt was indeed one the top CEO’s in the world. In 2011 Schmidt stepped down as CEO of Google, he now serves as the Executive Chairman to the company, and an advisor to the Google co-founders.

Modern Criticism of Stowe’s Uncle Tom’s Cabin Essay -- Uncle Toms Cabi

Modern Criticism of Stowe’s Uncle Tom’s Cabin It is extremely difficult for the modern reader to understand and appreciate Uncle Tom’s Cabin because Harriet Beecher Stowe was writing for an audience very different from us. We don’t share the cultural values and myths of Stowe’s time, so her novel doesn’t affect us the way it affected its original readers. For this reason, Uncle Tom’s Cabin has been heavily scrutinized by the modern critic. However, the aspects of the novel that are criticized now are the same aspects that held so much appeal for its original audience. Many people condemn Uncle Tom’s Cabin simply because it is a sentimental novel. This genre appeals to the reader’s emotions in order to enact social change. While popular during Stowe’s time, the sentimental novel is now scorned by many members of the academy, such as Baldwin: â€Å"Uncle Tom’s Cabin is a very bad novel, having, in its self-righteous, virtuous sentimentality, much in common with Little Women† (496). Some modern readers are repulsed by Stowe’s desire to reform society, but that is because in our times the purpose of literature is to represent the world, not change it. Because the modern critic finds it hard to identify with Stowe’s genuine desire to improve society, he sees it as an example of her self-righteousness. Because the sentimental novel appeals to the reader’s emotions, many of its scenes may strike the modern reader as overly dramatic. Baldwin claims "the ostentatious parading of excessive and spurious emotion, is the mark of dishonesty, the inability to feel; the wet eyes of the sentimentalist betray his aversion to experience, his fear of life, his arid heart; and it is always, therefore, the signal of secret and violent inhumani... ...lture. Most twenty-first century readers are annoyed by the novel’s sentimentality, the religious undertones, and the martyr figures, among other things, but these same qualities that we dislike are what appealed to the novel’s original audience. Being outsiders, it is hard for us to accept Stowe’s message that love must conquer social injustices. However, one must wonder if her own contemporaries accepted this message, since Stowe would have seen the Civil War as forcing change within society without eliminating the prejudices that produced it. Bibliography Baldwin, James. â€Å"Everybody’s Protest Novel.† Uncle Tom’s Cabin. Ed. Elizabeth Ammons. New York: W.W. Norton & Company; 1994. 495-501. Tompkins, Jane. â€Å"Sentimental Power: Uncle Tom’s Cabin and the Politics of Literary History.† Uncle Tom’s Cabin. Ed. Elizabeth Ammons. New York: Norton; 1994. 501-522. Modern Criticism of Stowe’s Uncle Tom’s Cabin Essay -- Uncle Toms Cabi Modern Criticism of Stowe’s Uncle Tom’s Cabin It is extremely difficult for the modern reader to understand and appreciate Uncle Tom’s Cabin because Harriet Beecher Stowe was writing for an audience very different from us. We don’t share the cultural values and myths of Stowe’s time, so her novel doesn’t affect us the way it affected its original readers. For this reason, Uncle Tom’s Cabin has been heavily scrutinized by the modern critic. However, the aspects of the novel that are criticized now are the same aspects that held so much appeal for its original audience. Many people condemn Uncle Tom’s Cabin simply because it is a sentimental novel. This genre appeals to the reader’s emotions in order to enact social change. While popular during Stowe’s time, the sentimental novel is now scorned by many members of the academy, such as Baldwin: â€Å"Uncle Tom’s Cabin is a very bad novel, having, in its self-righteous, virtuous sentimentality, much in common with Little Women† (496). Some modern readers are repulsed by Stowe’s desire to reform society, but that is because in our times the purpose of literature is to represent the world, not change it. Because the modern critic finds it hard to identify with Stowe’s genuine desire to improve society, he sees it as an example of her self-righteousness. Because the sentimental novel appeals to the reader’s emotions, many of its scenes may strike the modern reader as overly dramatic. Baldwin claims "the ostentatious parading of excessive and spurious emotion, is the mark of dishonesty, the inability to feel; the wet eyes of the sentimentalist betray his aversion to experience, his fear of life, his arid heart; and it is always, therefore, the signal of secret and violent inhumani... ...lture. Most twenty-first century readers are annoyed by the novel’s sentimentality, the religious undertones, and the martyr figures, among other things, but these same qualities that we dislike are what appealed to the novel’s original audience. Being outsiders, it is hard for us to accept Stowe’s message that love must conquer social injustices. However, one must wonder if her own contemporaries accepted this message, since Stowe would have seen the Civil War as forcing change within society without eliminating the prejudices that produced it. Bibliography Baldwin, James. â€Å"Everybody’s Protest Novel.† Uncle Tom’s Cabin. Ed. Elizabeth Ammons. New York: W.W. Norton & Company; 1994. 495-501. Tompkins, Jane. â€Å"Sentimental Power: Uncle Tom’s Cabin and the Politics of Literary History.† Uncle Tom’s Cabin. Ed. Elizabeth Ammons. New York: Norton; 1994. 501-522.

Effects of Inflation

Inflation is defined as a sustained increase in the general level of prices which results in a decline in the purchasing power of money. Inflation is measured through the Consumer Price Index (CPI) which measures proportional changes in prices in a representative â€Å"basket† of g’n’s, weighted according to their importance in a typical Australian households budget. The RBA aims to keep inflation at an annual rate of 2-3%, and in order to do this a number of policies are available for the Australian government.Keeping Inflation under control is a primary concern for the Australian Government as it affects so many different parts of the Economy, including Economic growth, standard of living and unemployment. There are three types of inflation, depending on their causes. Firstly, demand pull inflation occurs when there is an excessive aggregate demand at or near full employment. If aggregate demand exceeds aggregate supply, prices of g’n’s rise as a rationing mechanism. This form of inflation is usually associated with periods of high economic activity.Secondly is cost-push inflation. If business costs such as the cost of wages or materials rise, businesses may aim to maintain profit levels by passing these costs onto consumers. This will result in higher prices and therefore inflation. The final type of inflation is imported inflation. Imported inflation occurs when the price of imports rises, and either adds to business costs (resulting in cost-push inflation) or feeds into the CPI as the price of final goods. Furthermore, a depreciation in the Au$ will raise import prices, also adding to imported inflation.There are a number of factors which may cause inflation in the Australian economy. A major cause of demand-pull inflation is excessive growth in aggregate demand. If aggregate demand increases from AD to AD1, aggregate supply which is the equivalent of real GDP will rise to GDP2 and the price level will rise from P to P2. This results in the inflationary gap of cd. This increase in aggregate demand may be the result of a number of factors, including increases in consumption expenditure, investment spending, net government expenditure, the money supply, or export incomes.Another major cause of inflation, this time cost-push inflation, is a decrease in aggregate supply. If aggregate supply decreases from AS to AS1, real GDP will decrease to GDP2 and the price level will rise to P1. This results in both a contraction in real GDP and a rise in inflation. The main causes of this decrease in aggregate supply is excessive wage growth not accompanied by productivity increase, a rise in the cost of raw materials, and other inputs, or a rise in government taxes or other charges that raise costs for firms.Cost-push inflation may also be the result of imported inflation it there is a rise in world prices of imported goods used in the production process (such as raw materials and intermediate goods) firms are lik ely to pass these costs onto consumers, resulting in inflation on the other hand if there is a rise in world prices of consumer goods, increased import prices will feed directly into the CPI, also resulting in inflation. Furthermore a depreciation in the Au$ in foreign exchange markets will result in a rise in the prices of imported raw materials, intermediate goods, and consumer goods, again contributing to Australia’s inflation.This is demonstrated in the stimulus when the RBA credits the decrease in inflation to the fading impact of 2000s exchange rate depreciation. A less common cause of inflation is the existence of monopolies or oligopolies. If a monopoly or oligopoly exists in an industry, the lack of competition allows producers to push up prices. This again results in inflation. The final cause of inflation in Australia is inflationary expectations. Inflationary expectations refer to the behaviour of individuals and businesses who seek to compensate for the current i nflation, as well as expected future price rises.This may be the result of either firms pushing up prices, or wage earners seeking higher nominal wages. Also, if consumers expect future prices to rise, they rather buy g’n’s now, which leads to increases in spending. This results in demand-pull inflation. Inflation can impact the economy in 3 ways. 1)By encouraging investment in speculative and unproductive activities and discouraging investment in ventures considered productive. Inflation encourages investment in real assets such as gold and real estate because they are considered ‘good shelters’ for inflation.This is because the scarcity of them often outpaces or at least keeps pace with the rate of inflation. If inflation occurs, people will seek to own such assets, shifting resources to these speculative and unproductive assets. Similarly this discourages investment in other assets. This is because entrepreneurs will not think it is financially viable t o invest and pursue a project that will only result in less profit, due to the higher costs of inflation. Similarly inflation increases the cost of production thus also discouraging entrepreneurs.For example, if inflation is high, people will invest in gold and real estate. Otherwise known as the opportunity cost, because people will allocate their resources into such ventures (gold and real estate) they must then forego investing into other ventures that are considered productive such as a new business, that may be producing capital goods or normal goods and services. Also by discouraging entrepreneurs is the rise in the costs of production that occur due to inflation, for example the raw materials.Similarly interest rates will rise, making it more expensive to borrow funds for investment purposes, making investment projects less profitable. Either way, inflation can cause a loss in production of capital goods, leading to lower living standards in the future, or a loss in the produ ction of normal goods and services, leading to lowering current living conditions, as current needs and wants go unsatisfied. Since returns from productive capital take longer to materialise, it means that entrepreneurs are also faced with a lesser return.This means that if the rate of inflation is greater than the return offered by the investment, then the project will not be considered economically viable, nor worthwhile. Similarly the risk of loss from any investment project will grow with inflation. Many small businesses take a couple of years before they start to make a profit, so if inflation is high, and is was not taken into account when the business was first planned, then the cost of production may rise, and the resulting price for the commodity will be too high for consumers. ) If inflation is present and is greater than that overseas, it reduces the overseas competitiveness of the Australian economy. This is because inflation is not only associated with a rise in prices, but also an increase to the costs of production. Therefore making overseas exports cheaper to the domestic market. Similarly the overseas firms do not have to put up with the rises in the costs of production. This provides a leakage in the circular flow (purchase of exports) and thus dampening demand in the domestic market, which if severe enough could lead to a recession, bringing with it many economic problems.An example of how inflation can lead to a recession, would be the 1970s, when high inflation averaged at 10. 4%. Which due to the high oil prices and strong domestic demand led to high inflation in the 1980s (8. 1%). This period of high inflation led to a dampening in spending and a recession in the 1990s (1990-1992) causing many problems such as unemployment. 3) It also creates many winners and losers in the economy. Those that benefit are the owners of real assets (real assets and gold), because their assets are worth more.As well as those belonging to well-organized grou ps who can demand wage increases (eg, strong trade unions. ) This can lead to rapidly rising wages, increasing the costs of production, and also discouraging investment in productive capital as mentioned above. In addition to this inflation can benefit people who have already borrowed funds because the cost of repayment, represent less as inflation rises. This is because inflation is defined by a loss in the real value of money, therefore the repayment will diminish over time.Conversely inflation disadvantages those on fixed incomes because they lose the real value of income as their money represents less purchasing power. Similarly for the same reasons it disadvantages those that keep their money in liquid form (ie, bank deposits). Also those that lend money receive less back in terms of repayment, due to the loss in value (eg, A mortgage repayment in 1960 was worth more than in 1980, where high inflation had occurred).Also since it reduces international competitiveness, inflation can disadvantage exporters who find themselves with less business opportunities. This can effect the economy, as overseas markets will not purchase Australian goods and services. Therefore the economy will not receive the injection into the circular flow that it would usually, without inflation. Without the strong domestic support that is present in Australia’s economy, the economy could have the effect of dampening economic activity, and aggregate demand.When inflation occurs in the Australian economy it usually had a number of causes. The main causes are excess aggregate demand, cost-push inflation, inflationary expectations and imported inflation. inflation disadvantages many groups in the economy, who in turn benefit other groups. This is because inflation can influence the allocation of resources in regards to encouraging and discouraging investment, the overseas competitiveness of the Australian market, as well as effecting individuals and firms, who often benefit at th e expense of others.

The Impact of the Scientific Revolution Essay - 1513 Words

The Impact of the Scientific Revolution Science began soon after the Birth of Civilization. Man had already learned to tame animals and grow plants. To shape materials like clay and metals to his purposes and even to heal his bodily ailments. We do not know why he did these things because his magic and reasoning are concealed. Only with the second millennium B.C have we learned that there were three elements in man’s attitude to nature, which impacted the growth of the scientific revolution: empirical practice, magic and rational thinking. These same three elements continued to exist in science for many thousand years, until the scientific revolution took place in the 16th through the 18th centuries. Reason, in conjunction with†¦show more content†¦This caused astonishment throughout the people because of their lack of knowledge of nature. They believed that the problems of nature were because of their ignorance but they also believed that institutions caused the problems and the only way to reverse this pr oblem was to fix the institutions. Three important scientists of this era were Tycho Brahe, Galileo and Isaac Newton. Tycho Brahe (1546-1601) determined that the sun was the center of the universe. Galileo (1564-1642) was the first scientist to invent the telescope and view the earth. He determined that there were stars and high mountains in the moon. Isaac Newton (1642-1727) was very important because he invented calculus, which mathematically proves science. He was also the creator of the law of universal gravitation. He was a very religious man who believed that nature was great and that it was our own ignorance of not knowing enough about nature. Rational science, then by whose methods alone the phenomena of nature may be rightly understood and by whose application alone may be controlled, is the creation of the 17th and 18th centuries. Astronomy was the most systematic of the sciences studied during this time. Matter (solid), liquid, gaseous), with heat added as a material element, took on a new dimension. A great advance was made in practical optics with the invention of spectacles. Natural history and scientific biologyShow MoreRelatedThe Scientific Revolution and Its Impact1291 Words   |  5 Pages Throughout the Scientific Revolution, scientists and natural philosophers created a new scientific world by questioning popular ideas and constructing original models. During the 1500s and 1600s, the concept of individualism, the principle of being independent and self-reliant, began to be applied to one’s life. People began to have individual thoughts and started to disagree with commonly believed ideas promoted by the Church. 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