Learning Team Reflection Summary Essay Example for Free

Learning Team Reflection Summary Essay The following we will discuss what as a class we have learned as well what can be applicable to our workplace or in our personal life. Also how our knowledge has increased as a result of what we experienced through the learning activities in the previous week. Our group decided to emphasize on Herb’s concoction and Martha’s Dilemma: The Case of the Deadly Fertilizer. We enjoyed as a group that the class read this dilemma and between the groups everyone got to discuss their opinion. The story about how Martha Wang who worked as a Consumer Affairs Department of a company called Herb’s Garden Products. Also was relatively new to the company and everyone else has been there for years. One day she gets a call from a dissatisfied customer who complained that Herb’s Special Fertilizer Mix killed her beloved dog. There after Martha takes down the consumer name and number and goes to her boss with the information. Her boss who happens to be Herb’s nephew brushes her off by laughing about the matter. Then to make matter worst she gets a call from Herb himself and which whispered to her that Herb’s special fertilizer is our best seller, and not to let them down. At the end of the story everyone had to answer the decision that Martha had to face and challenges? As well what we would recommendation we had for the company facing this situation? Our group felt that Martha’s dilemma has one way or another happen to each and one of us in some sort a way. As per the class discussion it seemed that everyone had at least once had this dilemma. In our group we had mix feeling about it for example some of us believed Martha should just leave the matter alone if she wanted to continue with her job. The rest of us believed there were a better ways of handling the situation than just ignoring it and that would be by investigating the situation further. Our thoughts were to ask her boss to permit Martha to follow an investigation on the matter to support the company’s good name; of course we all agreed that with the company’s permission of course. We discussed that if Martha persuades her company that the investigation would be for the company’s best of interest. That she would try to prove that the incident with this costumer was not caused by the company’s product, therefore any future complaints the company would have an answer which would help them defended them self’s. As per the company we discussed that they as well should support Martha and give her the tools need to back up the company. As a example given by one of our team members that his company has a full staff created to investigate any complaints from a consumer making sure there were any bad batch sent out to the customer and if so to recall that batch. It was interesting for our group to see we were not the only ones feeling both ways and that there were other groups with the similar opinions on the subject matter. We heard other explain their personal experience and that leaving the matter alone was the best way to handle it. As well those who took the lost the dog very personal and believed that an explanation or investigation would be much needed or ethical. This class has increased a least our group knowledge by discussing different types of situations and listening to other people’s point of views on the matter. We have learned a lot on planning, ethics, innovation, diversity, technology and how it affects all us in the business world, especially how to approach certain situation or other ways to handle them. One thing is for certain we are all egger to see what our next three weeks would be like.

Impact of the Internet on Relationships and Community During Adolescence :: Exploratory Essays Research Papers

From birth, humans seek connectedness. Regular social interaction is almost as important as eating or sleeping, and is achieved through social activities and relationships with family and friends. Creating and maintaining these relationships is a process that occurs throughout an individual’s lifetime. Yet, during adolescence these interpersonal relationships start to have a particularly important function. Interactions with family and peers are vital to adolescent identity formation, and the crucial role of these relationships places additional stress on the bonds during this life stage. As Steinberg mentioned in a recent paper, â€Å"Adolescence has long been characterized as a time when individuals begin to explore and examine psychological characteristics of the self in order to discover who they really are, and how they fit in the social world in which they live†(Steinberg, 2001). The idea that adolescence is a time of â€Å"role experimentation† and a â€Å"stage of identity formation† (Erikson, 1956) has existed for decades, dating back to Erikson’s definition of the life stage: Identity vs. Role Confusion. In this stage, as the adolescent begins to be conscious of how their identity is perceived by others, a heightened level of identity awareness develops. Although Erikson’s idea of a life stage with perfect delineated boundaries is now fairly obsolete, the struggle to define one’s identity during adolescence is still very present and relevant. With the advent of the internet, the possibilities for defining the self have expanded dramatically. The youth sector latched onto this technology, using it to help ease and facilitate connections with others. Email and Instant messenging allowed people to communicate quickly in a non-confrontational fashion, and weblog communities encouraged individuals to share their thoughts, feelings, and opinions with others online. All of these methods of communication allow the individual to assume multiple identities. According to (Lenhart, 2001) almost one quarter of teens admit to pretending to be someone else over Instant messenger or email. Thus, it is undeniable that this online medium is forum where the expression of role confusion and diffusion can occur freely. But, what impact doe s this have on the formation of a single identity that is congruent with the ego? An important part of the adolescent identity formation process is the recognition that others notice the outward expression of the self, and that this outward expression must agree with others in order to fit into a social group.

Horror in Frankenstein Essay

There are many forms of tension and horror in this novel. There is a monster, there’s grave robbing, the whole story is against religion and it is warning the reader that trying to play God can only have bad consequences. The novel is controversial in its content and it focuses on people’s prejudice and discrimination together with how people judge others too readily. Another thing that could have been scary for the readers at the time is the idea of electricity bringing life. Since electricity was a reasonably new thing, the concept of this new, weird technology described in the book could have been seen as horrific. Also, the atmosphere was a big part of the horror and tension, pathetic fallacy was used when Dr Frankenstein was creating his monster â€Å"It was already one in the morning; the rain pattered dismally against the panes, and my candle was nearly burnt out,† It was strange, at the time of the novel being published, for a woman to write a book quite as horrific as Frankenstein. There were many things which could have influenced Mary Shelley in writing a book of this sort, myths, religion, other novels. She could have been influenced by the legends of the poles when creating Robert Walton’s character. She was most likely to have been influenced by scientific research and advances at the time such as discovering electricity. She could have been trying to get people to understand that this type or research and messing around with life and death were wrong. Lastly I think she also had literary influences and I believe that Mary Shelley wanted the novel to be romantic in a way. Mary Shelley creates a lot of tension in the novel, this all starts in letter four from Robert Walton to his sister. She does this very effectively the whole way through the letter, the first line shows this, â€Å"So strange an accident has happened to us that I cannot forbear recording it†¦ † it then takes Walton quite a while to get to the point of explaining the â€Å"accident†, this creates a lot of tension. The whole story about Victor Frankenstein and the events in the letter four are told slowly and gradually adding to the sense of tension, mystery and intrigue for the reader. This effect is carried on throughout the whole novel which is, I think, one of the main reasons for the novel being so well known and enjoyed. There are quite a few causes of tension in letter four, another example is when Walton’s ship was surrounded by ice, which closed it in’ â€Å"scarcely leaving her the sea-room in which she floated. † This creates tension by giving the impression of them being trapped in a dangerous environment. After this, the spotting of the creature creates tension, â€Å"we perceived a low carriage†¦ a being which had the shape of a man, but apparently of gigantic stature, sat in the sledge. † The fact that this is a creature unlike a normal person adds to the tension. Also as the crew and Walton thought that they were alone, being away from civilization, trapped on a boat with a strange creature nearby creates fear as there would be no help at hand if needed. The next thing that created tension was having Dr Frankenstein on board; he was quite a strange person and did not appear normal. When he was found he asked Walton where he was going before he boarded. This, under the circumstances, is a weird question to ask. Walton wrote, â€Å"You may conceive my astonishment on hearing such a question†¦ from a man on the brink of destruction. â€Å"

Nietzsche s Philosophy On Morality - 986 Words

That all strive to self-overcome, and in turn, attain freedom, is a fact accepted by Nietzsche. What the thundering philosopher renounces is morality and its ill-mannered objective comprehension of the will to power. This he sees as the culprit who impedes on (modern) man s ability to understand and attain said power. The perplexity of objectivity and will to freedom is inevitably space from which the concept of morality arises. Nietzsche provides a detailed account of two forms of morality, that of the master and the slave. The individuals who correlate to master morality are characterized as strong individuals with a set of self-manifested which they live in accordance with. The masters think themselves powerful beings and equate this power to the Good. These individuals value create and determine good is that which is noble, good, strong, and powerful. This is affirmed by power and in turn, affirms the beliefs. (Nietzsche 115). Once a definition is ascribed to the concept of Good , the Bad is defined. That which is labeled as the Bad is likened to the weak-will, confused, oppressed individual. These are the individuals who compose the mentally of the slave morality. In likeness to their counterpart, they also long for power but due to subtle suspicion of the masters, attain it differently. Deducing a new set of values of that which is the Good, and declaring it that which is good for the whole. This Good they identify as the practice of patience, humility, pity, andShow MoreRelatedFriedrich Nietzsche s Influence On Modern Intellectual History And Western Philosophy1559 Words   |  7 PagesFriedman Wilhelm Nietzsche was a German philosopher, poet, cultural critic, philologist, and a Greek and Latin scholar. His work has had lots of influence on modern intellectual history and Western philosophy in general. It revolved mainly around art, philology, religion and science. He wrote about morality, tragedy, aesthetics, atheism, epistemology and consciousness. H owever, some of Nietzsche s most profound elements of his philosophy include his powerful critique of reason and truth. He arguedRead MoreBook Report On The Book Le Gai Savoir 1421 Words   |  6 Pagesfirst time I heard about Nietzsche was a few years ago, in my chemistry class. I had a friend who spent all his time, in science classes, reading books about philosophy. His nonconformity caught my attention. I started to be interested by the big mustache of the author on the cover page of his book Le Gai Savoir, because I knew, of course, that all authors with big mustache – such as Victor Hugo and Albert Einstein – wrote about great things! So I started to read Nietzsche s works. Then, one day, myRead MoreNietzsches Will to Power1697 Words   |  7 Pagesof the will to power successfully â€Å"debunk† traditional religion, morality, and philosophical claims to provide the â€Å"disinterested† or â€Å"objective† truth? Nietzsche introduced an idea of philosophy that was more than simply a rational groundwork of existence or as the pursuit of an absolute truth. Instead, he suggested that philosophy is something to be respected as a personal interpretation of life and all its faculties (morality, existentialism etc.) and that was – for him - focused on life affirmationRead MoreImmanuel Kant And Friedrich Nietzsche Essay1504 Words   |  7 Pagesand Friedrich Nietzsche are two widely acclaimed philosophers due to the groundwork they made towards the philosophical principles of morality. However, even though they both have openly discussed their views, they have ended up contradicting each other. Kant implied that morality is not learned, but rather predestined, whereas Nietzsche alluded to a experience based morality, or one that is learned through actions and memories. Although these two men have accepted views of morality, the ideas ofRead MoreAristotle And Aristotle s Theory Of Moral Virtue 1229 Words   |  5 PagesNietzsche and Aristotle were two of the most significant philosopher of not only their time but their works has lasted throughout the centuries to influence even some today’s greatest minds. Their works however could not be any separated, Aristotle is a prominent figure in ancient Greek philosophy, making contributions to logic, metaphysics, mathematics, physics, biology, botany, ethics, politics, agriculture, medicine, dance and theatre. He was a student of great thinkers such as Plato and SocratesRead MoreNietzsche And Murdoch s Theme Of Morality978 Words   |  4 Pages Nietzsche and Murdoch’s Theme of Morality One of the nineteenth century’s greatest philosophers is Friedrich Nietzsche. Nietzsche was ideas regarding morality and nature continue to be debated today. Irish Murdoch another great philosopher writer of the 20th century wrote about philosophy regarding religion and nature. Both philosophers discuss the theme of morality in contrasting ways. Nietzsche believes in individual morality from the natural perspective and religion not from nature. MurdochRead MoreNietzsche s Philosophy On Personal Life And Education1200 Words   |  5 PagesFriedrich Nietzsche was a German, writer, poet, thinker and philopher. He was renowned for his ideas on the end of religion, existentialism and the concept of good and evil. Nietzsche focused essentially on the end of religion. He once declared that â€Å"God is dead†, a statement that decidedly defied Christianity as well as morality. According to the Stanford Encyclopedia of Philosophy, he was rapt in the development of â€Å"ind ividual and cultural health, and believed in life, creativity, power, and down-to-earthRead MoreMaster Morality vs. Slave Morality: Neiztche867 Words   |  4 PagesMaster Morality vs. Slave Morality: Neiztche Wikipedia defines morality as â€Å"a system of principles and judgments based on cultural, religious, and philosophical concepts and beliefs, by which humans determine whether given actions are right or wrong.† (Wikipedia Morality) Friedrich Wilhelm Nietzsche, a German philosopher thought up of the idea that there are two moralities; The master and slave morality. These define a person by there actions to there world around them and how they handle certainRead MoreAnalysis Of Spinoza And Nietzsche s Spinoza 1699 Words   |  7 Pagesup a morality, for a very simple reason: he never asks what we must do, he always asks what we are capable of, what s in our power, ethics is a problem of power, never a problem of duty. In this sense Spinoza is profoundly immoral. Regarding the moral problem, good and evil†¦he doesn t even comprehend what this means. What he comprehends are good encounters, bad encounters, increases and diminutions of power. Thus he makes an ethics and not at all a morality. This is why he so struck Nietzsche. Read MoreComparing Nietzsche And Freud On Crime And Punishment931 Words   |  4 PagesConception of civilization in Nietzsche and Freud in relation to crime and punishment Nietzsche critiqued modern civilization since the entire scheme of modern society went against his philosophy. Nietzsche was afraid modern society and religion would bring the individuals to nihilistic voids, as they would eventually turn into uninteresting herds of controlled animals. Nietzsche wishes the individuals to achieve self-awareness, in that individuals would act upon themselves for what they truly

Using Behavioral Objectives in IEP Goals

When a student in your class is the subject of an Individual Education Plan (IEP), you will be called upon to join a team that will write goals for her. These goals are important, as the students performance will be measured against them for the remainder of the IEP period, and her success can determine the kinds of supports the school will provide.   For educators, its important to remember that IEP goals should be SMART. That is, they should be Specific, Measurable, use Action words, Realistic, and Time-limited.   Behavioral objectives, as opposed to goals linked to diagnostic tools such as tests, are often the best way to define progress for mild to severely mentally disabled children. Behavioral goals show clearly if the student is benefiting from the efforts of the support team, from teachers to school psychologist to therapists. Successful goals will show the student generalizing the skills learned in various settings into his daily routine. How to Write Behavior-Based Goals Behavior goals are statements that will describe no more than three things about the individuals behavior.They will state precisely the behavior to be exhibited.  Describe how often and how much the behavior is to be exhibited.Indicate the specific circumstances under which the behavior will occur. When considering desirable behavior, think about verbs. Examples could be: feed self, run, sit, swallow, wash, say, lift, hold, walk, etc. These statements are all measurable and easily defined. Lets practice writing a few behavioral goals using some of the above examples. For feeds self, for example, a clear SMART goal might be: Student will use a spoon without spilling food on five attempts to feed. For walk, a goal might be: Student will walk to the coat rack at recess time without assistance. Both of these statements are clearly measurable and one can determine if the objective is being met successfully or not. Time Limits An important aspect of the SMART goal for behavior modification is time. Specify a time limit for the behavior to be achieved. Give students a number of attempts to complete a new behavior, and allow for some attempts to not succeed. (This corresponds to an accuracy level for the behavior.) Specify the number of repetitions that will be required and state the accuracy level. You can also specify the level of performance you are looking for. For example: student will use a spoon without spilling food. Set the conditions for the pinpointed behaviors. For example: Student will eat meals, using a spoon without spilling food on at least five attempts at lunch time. Student will  motion for the teachers attention after a task has been completed when the teacher is NOT busy with another student. In summary, the most effective techniques for teaching students with mental disabilities or developmental delays come from changing behaviors. Behaviors are easily evaluated in students for whom diagnostic tests are not the best option. Well-written behavior objectives can be one of the most useful tools for planning and evaluating the exceptional students educational goals. Make them a part of the successful Individualized Education Plan.

My Writing Of The Philippines - 949 Words

Have you ever written an essay and completely not know what to do, and where you felt stupid because you thought that everybody else in your class knew what to do? Well, I have had experiences where I felt so crazy whenever I heard my teachers saying that we had to write a story, journal, essay, or whatever kind of writings. My writing experiences started when I was in the Philippines and have continued now that I am here in the United States. I have written different kinds of essays since I started my freshman year of high school here in the US, and I struggled a lot writing them, and I hated it. Also, whenever I thought about writing it gives me stress. My writing life in the Philippines was easy. We learned English in our English class, but we did not focus that much on writing and grammar. Writing wasn’t that hard because our teachers mostly let us use our own language which is Tagalog in all of our classes whenever we wrote something just like a stories. English wasn†™t one my favorite subjects, but it wasn’t that difficult back then. My writing life didn’t became so difficult until the time that my parents and I moved here in Hawaii in 2009 because my grandparents wanted us to come over here and live with them for good. I started school here as a freshman student at Waipahu High School, and I never thought that we would write essays. Then, writing became a struggle to me because it was so different compared to my writing life in the Philippines. I had to speak andShow MoreRelatedPilipinong Manunulat1723 Words   |  7 Pagesreceived National Artist Award granted by the President of the Philippines. 9. Mars Ravelo is also a comic strip creator and writer who became phenomenal in the Philippines for his created superheroes such as â€Å"Darna† (a Filipino version of Wonder Woman), Dyesabel (name of the Filipino mermaid/heroine), and many others. During his time, the â€Å"Golden Age of Comics† flourished. Like Carlo J. Caparas, Mars Ravelo’s creations and writings were turned into films and became box-office hit during 1960†²s toRead MoreSample of Articles of Ltd Partnership804 Words   |  4 Pagesresidents of the Republic of the Philippines have agreed to amend a limited partnership under the terms and conditions herein set forth and subject to the provisions of existing laws of the Republic of the Philippines. AND WE HEREBY CERTIFY: ARTICLE I. That the name of the partnership shall be: IJ IMAGINATIVE IDEAS (I3), LTD. ARTICLE II. That the principal office of the Partnership shall be located at # 1866 Int. 2A Augosto Francisco St. Sta. Ana Manila, Philippines. ARTICLE III. That the namesRead MoreFlat World1128 Words   |  5 Pageswith any outsourcing business, I experience the flatness of the world through online communities, media streaming, file and information sharing, e-mails and chatting, etc. Through social networking websites like Friendster, I can stay in touch with my distant friends and relatives. Instead of going to a mall, I can actually stay at home and shop online from anywhere around the world. And as a student who is usually bombarded with a lot of research work, I rely on search engines like Google and YahooRead MorePhilippine Literature1635 Words   |  7 PagesLiterature Under the Republic (1946-1985) The Japanese occupation leaves the Philippine economy in ruins and it seemed that massive foreign aid could rebuild it. With the life of the Filipinos hanging in the balance because of hunger, insecurity and terror. Many Filipinos resorted to collaborating with the Japanese for reasons such as politics, survival and opportunity. After the Pacific War ended, collaborators were given amnesty by President Manual Roxas. The amnesty was a result of the US colonialismsRead MoreIdentity Analysis : Cultural Identity And Identity1423 Words   |  6 Pagesinspired me to do my collage. I’m not going to lie, I started my collage later than told because I was having a creative block. I was scrolling through twitter and saw the quote on my timeline. I was motivated by this quote. I was afraid that what I was going to put on my collage would trigger judgement from other people, but this fear faded away once I read the quote. As you may have seen from my collage, I have incorporated just a few of the main objects and people that have shaped my identity. TheseRead MoreOxygen Molecules Plants Harnessed For Photosynthesis932 Words   |  4 PagesTo tell you the truth, I used to believe that my opinions were just oxygen molecules plants harnessed for photosynthesis. They would be released into the atmosphere, consumed by flora, and transformed into glucose and carbon dioxide. However, it was not until the beginning of high school that I truly started to be enamored at the thought of communicating my ideas. I began to see everything in a different light. What I considered in the beginning to be plant food gradually became the object whichRead More Frederick Funston and Empire Essay1706 Words   |  7 Pagesmost people these are just names to identify various locations in the city. But behind the name is a person who is a historical figure that is significant, not just for San Francisco, but for the United States of America and the Republic of the Philippines. Frederick Funston was to many a hero of his times but to others he was also a symbol of his times and not a good one. 1898 saw the United States change from a nation taming a wild frontier to a nation building an empire. The Spanish-AmericanRead MoreSummary of the Wedding Dance by Amador Daguio1067 Words   |  5 Pageswerent able to producechildrenand Awiyao badly need one to affirm his virility and to establish his place among his tribesmen so he decided to leave Lumnay and marryMadulimay.The story is set in one of the mountainous provinces in the northern Philippines on the eve of Awiyaos weddingto Madulimay, while gangsas beat andwomendanceto celebrate the union. Awiyao slipped away from the celebration toconvince Lumnay to join the dancing women. Instead, their conversation turned to a passionate goodbyeRead MoreSummary of the Wedding Dance by Amador Daguio1053 Words   |  5 Pageswerent able to producechildrenand Awiyao badly need one to affirm his virility and to establish his place among his tribesmen so he decided to leave Lumnay and marryMadulimay.The story is set in one of the mountainous provinces in the northern Philippines on the eve of Awiyaos weddingto Madulimay, while gangsas beat andwomendanceto celebrate the union. Awiyao slipped away from the celebration toconvince Lumnay to join the dancing women. Instead, their conversation turned to a passionate goodbyeRead MoreHistory of Paco1600 Words   |  7 PagesLOCAL HISTORY OF HOMETOWN †¢FIVE THEMES OF GEOGRAPHY LOCATION Paco, is a district of Manila, Philippines. It is located south of Pasig River, and San Miguel, west of Santa Ana, southwest of Pandacan, north of Malate, northwest of San Andres, and east of Ermita. According to the 2000 census, it has a population of 64,184 people in 13,438 households. Paco was formerly known as Dilao, not because of plants that produce amarillo (yellow) color but yellow gold that japanesse soldiers hid in one of the

Icelandic Financial Crisis 2008-2011

Questions: 1. What was the Impact of the Crisis, for example on Employment, GDP, the Banking Sector, International Financial Flows.2. What could have been done differently, either to prevent the Crisis, or in the aftermath, what lessons do you think have been learned? Answers: Introduction: The current assignment aims to depict the effects of Icelandic financial crisis both within the internal boundaries of the nation and global arena. The Icelandic financial crisis has been a major political and economic event, which has included the default of the privately owned commercial banks in Iceland, UK and Netherlands (May 2014). Thus, the effects of this crisis have been enumerated with respect to GDP, employment and banking sector of the nation on one hand and global financial flows on the other. Finally, the assignment sheds light on the ways, which could be adopted in preventing such crisis along with the lessons learnt in the aftermath. 1.Impact of Icelandic Financial Crisis on Employment, GDP, Banking Sector and International Financial Flows: The financial crisis of Iceland has long-term effect within both its internal boundaries and the global arena. The impact of this crisis on the following domestic and international factors is briefly demonstrated as follows: Employment: The existing economic environment in Iceland has influenced many citizens and organisations of the nation. With the formation of Nyi Landsbanki in Iceland, the replacement of old Landbanski, nearly 300 staffs have lost their jobs because of fundamental restructuring of the organisation. As a result, it has minimised the global operations of the bank (Bergmann 2014). The identical job losses have been observed at Kaupthing and Glitnir. Such job losses could be contrasted with 2,136 registered unemployed and 495 advertising vacancies in the nation by August 2008. The crisis has resulted in bankruptcy of Sterling Airlines on 29th October 2008. Along with this, Icelandair, the national airline, has witnessed a considerable slump in its domestic flight demand. However, the global demand has increased and there has been recruitment of additional staffs to carry out its global operations (Edvardsson and Teitsdttir 2015). Figure 1: Unemployment rate in Iceland based on each quarter from 2009-2016 (Source: Jnsson and Sigurgeirsson 2017) The above figure denotes that the rate of unemployment in Iceland has increased massively in the second quarter; however, it has declined in third quarter with slight increase in fourth quarter in 2010. The same trend is observed in other years as well; however, the rate of unemployment has been falling in the fourth quarter of 2016, which implies that Iceland has recovered from the crisis slowly. Gross Domestic Product (GDP): Due to the financial crisis of Iceland, the pension fund assets of the nation have shrink by 15% - 25%. Due to such shrinkage, the association related to the pension fund assets of Iceland have reduced the likelihood benefits in 2009 (Karanikolos et al. 2013). The economy of Iceland has been expected to shrink close to 10% due to the crisis. In addition, the inflationary rate has climbed up largely by 75% in 2009, which has necessitated the Icelandic government to enforce some measures for minimising the negative impact of economic depression. Figure 2: Growth rate of GDP in Iceland from 2007-2015 (Source: Raza, Zoega and Kinsella 2015) Figure 3: GDP per capita of Iceland for the years 2007-2015 (Source: Zoega 2016) According to the above figure, the GDP of Iceland has been 21.29% in 2007; however, after the financial crisis, the GDP growth rate has fallen to 17.53% in 2008 and 12.86% in 2009. The same trend is observed in case of GDP per capita of the nation and the lowest is observed in 2010 due to higher inflationary rate. However, the Icelandic economy has been started to recover from 2011, as the government has lowered inflation rate and increased debt from IMF to support the economy and spending power of the individuals. Banking Sector: The Icelandic financial crisis has increased the credit risks of the banks. Before the crisis, the default loans have been relatively small; however, it has increased manifold after its occurrence. In addition, the capital adequacy of the banks of Iceland has decreased; however, the performance has been better in contrast to the other EU nations, as it is over the statutory need of 8% (Ragnarsdttir, Bernburg and lafsdttir 2013). Furthermore, this crisis has minimised the dividend payments of the Icelandic banks and the banks have prevented in issuing new shares. The banks have maintained adequate liquidity level during the crisis, which have helped in minimising their current debt burden. However, the fall in income has undermined the profit margin of Icelandic banks with rise in their financing costs. The premiums related to credit risk are specifically high for long-term financing and the price for such funding has increased. This is because the supply has exceeded demand during the crisis. However, with the passage of time, after the bankruptcy of many Icelandic banks, the new entrants have entered the market. In addition, the banks have adopted effective risk management strategies after the crisis, which has helped in quick recovery of their financial positions. International Financial Flows: The Icelandic banks have accumulated funds of around 840 million in cash from 100 local authorities of UK. Out of this, Kent City Council has made maximum investment of 50 million followed by Transport for London with an investment of 40 million. In addition, the government of Iceland has been responsible for maintaining the savings accounts of 20,887 of the Dutch citizens. However, the financial crisis has restricted the Icelandic government in repaying the debt. Therefore, in order to repay the debt amount, 4% of the GDP of Iceland would be paid to UK during 2017-2023 in pounds and 2% of the nations GDP to Netherlands in GDP for the same period. 2.Ways that could be adopted to prevent the Crisis or lessons learnt in the aftermath: The following are the ways that the Icelandic banks and other firms could have adopted to prevent the crisis: The organisations could develop a list of monthly or yearly expenses, income and tax-related information to gain sound knowledge of the financial position. The budget needs to be formed to develop investment plans, techniques of cost minimisation and auxiliary measures to combat with financial trouble. Another negative impact of financial crisis is the issue related to employment. The individuals could hedge the risk of unemployment by developing unemployment insurance. In addition, the individuals could minimise their spending patterns to save more money. This is because in situations of job loss, they could start their own businesses during the crisis. During the mid-half of 2012, Iceland has started to recover rapidly, which is considered as the leading European success story. The rate of unemployment has been reduced to 6.3% and the nation has been bringing immigrants for jobs. However, the wages of the employees have been minimised by 50% and there has been issuance of ten-year government bonds below 6%. Thus, it has been evaluated that Iceland has recovered from the crisis at a faster price; however, the government has experienced an increase in debt burden. Conclusion: From the above discussion, it has been found that the Icelandic financial crisis has negative repercussions on the banking, GDP, employment and global financial flows. As a result, there has been fall in the growth rate of GDP and employment. The international financial flows have decreased, as Iceland has to repay the debt amount to UK and Netherlands by paying a certain portion of GDP per capita of the nation. The crisis could have been prevented by developing yearly budget and contingency plans. However, Iceland has recovered quickly from the crisis due to effective governmental measures in the form of issuance of new government bonds. References: Bergmann, E., 2014.Iceland and the international financial crisis: Boom, bust and recovery. Springer. Edvardsson, I.R. and Teitsdttir, U.D., 2015. Outsourcing and financial crisis: evidence from Icelandic service SMEs.Employee Relations,37(1), pp.30-47. Jnsson, . and Sigurgeirsson, H., 2017.The Icelandic Financial Crisis: A Study into the World ?s Smallest Currency Area and its Recovery from Total Banking Collapse. Springer. Karanikolos, M., Mladovsky, P., Cylus, J., Thomson, S., Basu, S., Stuckler, D., Mackenbach, J.P. and McKee, M., 2013. Financial crisis, austerity, and health in Europe.The Lancet,381(9874), pp.1323-1331. May, A., 2014. Financial Regulatory Shortcomings during the 2008 Financial Crisis: A Comparison between the United States, Canada and Iceland. Ragnarsdttir, B.H., Bernburg, J.G. and lafsdttir, S., 2013. The global financial crisis and individual distress: The role of subjective comparisons after the collapse of the Icelandic economy.Sociology,47(4), pp.755-775. Raza, H., Zoega, G. and Kinsella, S., 2015. Capital controls, financial crisis and the investment saving nexus: Evidence from Iceland. Zoega, G., 2016. 1 Icelandis financial crisis.Icelands Financial Crisis: The Politics of Blame, Protest, and Reconstruction, p.21.