Business Determinants of Bank Profitability Dissertation

Business Determinants of Bank Profitability - Dissertation Example From this report unmistakably that the determinants of banking benefit are into classes which are inside and outside. Inward determinants incorporate the administration of costs, liquidity and capital stores while outer ones are size of the firm, financial condition and possession premise. Legitimate administration of costs was distinguished as the most significant factor upgrading high benefit in banks. On the other hand, high loan fees occasioned by proprietorship procedures were recognized as the primary factor to low productivity. The examination is substantial since misappropriation in taking care of costs will prompt more consumption and less benefits in any area. So also, forcing clients to high financing costs on advances is likewise a factor that causes clients to lose confidence with the bank.This research features that Molyneux and Thornton explained on these factors just as uncovering that liquidity influences benefit adversely. This examination clarifies that industry- explicit factors are the components that influence a bank inside the financial business such rivalry emerging from homogeneity of products and enterprises. Though large scale financial factors essentially involve the earth of the economy that banks work. As far as liquidity, a bank can be influenced in the event that it doesn't have legitimate apportionment of assets and consequently utilizing it in ineffective endeavors, for example, forcing over the top credit loan costs, thus making misfortunes to the bank.

Old Man & the Sea Essay Example for Free

Elderly person the Sea Essay Caleb Cogan August 14, 2011 English 3 â€Å"The Old Man and the Sea† In The Old Man and the Sea, Ernest Hemingway shows Santiago, a Cuban angler, as a solid and chivalrous man. The man’s epic fight between the marlin speaks to his quality and represents continuance. Santiago has set an excursion to the ocean for 84 days and is beat when he gets back with nothing. His companion Manolin has been constrained by his folks to leave the elderly person to angle. Ernest Hemingway has made a character that has made a fearless man who exemplifies fearlessness, respect, and confidence. As The Old Man and the Sea by Ernest Hemingway is a story which studies and shows the subjects of an old man’s grit and perseverance, he exhibits quality in the greatest catch of his vocation. Santiago, the elderly person, finds a major marlin on his snare. This will be his greatest catch of his life. There is enthusiastic harm and pressure between the fight with the marlin and the elderly person. Safeguarding getting the fish takes a ton of solidarity and mental fortitude. He manages enduring and torment by ensuring it. At the point when he says he isn't crushed, he says â€Å"a man can be decimated yet not vanquished. (Sparkle Notes Editors, 2002) Santiago appreciates the kid without a doubt yet Santiago is an untouchable. Santiago is sure that his blocked streak will in the blink of an eye reach a conclusion, and he sets out to voyage out past any standard the next day. Since the kid demonstrates his commitment to genuineness of Santiago, he turns into his understudy. Mano lin perceives Santiago’s genuine quality and astuteness while other angler chuckle at Santiago. (Sparkle Notes Editors. â€Å"Spark Note on the Old Man and the Sea. †) Hemingway presents a few pictures that will return all through the book. The first is the subject of Santiago’s perseverance. The segment likewise discusses two significant topics: Santiago’s fanciful dream of Joe DiMaggio lions playing on the sea shore of Africa. Lions on a sea shore are a more baffling image than that of Joe DiMaggio. The lions are Santiago’s just dream. The picture of lions in his fantasy helps him to remember his association among birth and his passing. The lions playing show that his fantasy is parted from nature. Santiago’s dream of Joe DiMaggio is a motivation to him. To him, the baseball player causes him endure. DiMaggio came back to playing baseball to see the eyes of his fans in the wake of recuperating from a bone projection. Santiago gets some little fish and figures it would invigorate him a few. Before long, he feels a tight draw on his line. The marlin, an extraordinary fish, snack then last chomps. Santiago hangs on close giving everything he’s got until his hands begin to seize up. He is resolved to get the fish as his rival. At the point when the marlin at last surfaces it is longer than Santiago’s vessel. The battle proceeds and he at long last eats the fish, wraps the line to his hand and rests. The following day Santiago spears the marlin and wins, however sharks come and eat the tissue of the marlin. So Santiago isn't crushed and isn't successful.

Sensory Characterization Consumer Profile -Myassignmenthelp.Com

Question: Talk About The Sensory Characterization Consumer Profile? Answer: Presentation Enterprise, in straightforward words, is the procedure that includes setting up another business. The individual who sets up this new business is known as a business person. The subject of Entrepreneurship is colossally wide. To the profound finish of rationale, Entrepreneurship characterizes a style of reasoning and it is overwhelmingly a demeanor which includes discovering answers for issues and in this way producing esteem (Business News Daily, 2017). Enterprise is totally fundamental for each national and worldwide economy as it gives a stage to development and that gives base to development. Which is the reason different governments are urging and expansively attempting to offer help and proliferate organizations by offering awards, helps and sponsorships. My new business thought includes the foundation of a cash discussion firm. Given the monetary situation right now, we have seen that there are colossal variances in the cash advertise explicitly in the Australian Dollar - US dollar pair. Over a range of most recent three years alone, the residential money has confronted a low of 0.6861 and a high of 1.0608 (XE, 2017). Presumably, such sharp developments of the money won't represent an effect straightforwardly on individuals, yet there are various organizations including yet not restricted to fares and imports where such changes will in general have a significant impact (ABC News, 2015). The primary objective of the cash counseling firm is to give help to customers to following, investigating, overseeing, working at diminishing the effect just as taking due advantage of these variances. Cash discussion This is the essential help offered by the firm where in the customers will be prompted every day upon their exchange orders. They will be given a day by day update on the money developments and how they can ensure themselves against undesirable hazard. The point by point investigation would be done based on essentials and specialized. Central examination alludes to investigating the financial information of nations and increasing a comprehension of its impact over the money. The information which is gathered incorporates GDP development rate, expansion rate, financing cost change, joblessness rate and meeting minutes of the Reserve bank of Australia. (Forex Factory, 2017). Then again specialized investigation remembers the investigation of memorable variances for the money, applying formulae and scientifically anticipating the up and coming patterns. This can be practiced by the utilization of Reuters and Bloomberg terminals. They are the best instruments of money related investigati on (Financial Times, 2017) Research reports This is an auxiliary help which requires the firm to send every day updates to customers by means of reports. This additionally helps in taking out any sort of miscommunication when exhorts are given on the telephone. Live Screen The greater part of the shippers and exporters take a gander at live rates from driving news channels and sites, be that as it may, they offer a slacked rate and banks don't acknowledge this rate. This is the reason we will give our customers a Reuter or Bloomberg connected live screen introduced on their PCs. This will assist them with haggling with the bank. Plan of action Canvas Proposed by Alexander Osterwalder, Business model canvas is a key administration device structured explicitly to enable new companies to figure and arrange their arrangements and get an away from of their endeavor. It gives comfort of business arranging and sorting out and helps with characterizing a confused business in nine straightforward segments (Forbes, 2012). Client Segments Client sections basically includes the market of explicit clients focused by the firm or Target showcase. Phillip Kotler characterizes target showcase as a lot of very much characterized set of clients whose needs the association intends to fulfill (Creighton University, 2002). Client fragments overwhelmingly focused by the organization would incorporate organizations bringing in to Australia. Everywhere, Australian imports incorporate gold, wheat, oil, iron mineral and coal. Organizations that are trading from Australia to different pieces of the world items including yet not restricted to petroleum gas, rural items, minerals and fleece will likewise for a piece of essential objective market. Geologically, the business will begin activities in the core of the nation, Sydney. This would be a bit of leeway given the city is home for a various number of fare and import organizations. Anyway customer bases would be focused all through the nation. Offer Offer alludes to the manners by which any association makes unmistakable on immaterial incentive for its customers. The money counseling firm plans to accomplish three targets Increment consciousness of the cash markets: Currency variances significantly influence merchants and exporters of our nation. However little is done to pick up information because of the unpredictability of the subject. This firm overwhelmingly means to build mindfulness among customers about cash markets, factors that impact money developments and in what manner would businesses be able to stay shielded from them. This mindfulness will in the long run assist them with foreseeing not so distant future variances in the cash and thus will be in a superior situation to alleviate any dangers emerging from them. Diminish dangers looked by customers because of money vacillations: The indicator of exchange Australia is reliably rising and the estimate appearing to be identical (Reuters, 2017). This is shown by the statistical data points indicating that Australia has sent out AUD 31.05bn and has imported AUD 30.66bn worth of merchandise and ventures in July this year (Trading Economic, 2017). The cash variances frequently lead to misfortunes looked by our exporters and shippers as they think that its hard to anticipate money developments. Our firm intends to diminish these dangers so the customers can be better prepared to fence their exchange exchanges. Increment in net revenues: Like each other consultancy, the quantifiable objective of our firm is increment overall revenues of our customers by controlling them in the most fitting way about how they can fence their cash. This is the main substantial incentive offered by the firm and subsequently is the most significant. When customers know about how the money showcase capacities and what the variables behind these day by day vacillations are, they can settle on better choices and henceforth lessen the dangers related with them along these lines prompting expanded benefits. Client connections Client connections are a significant part of any business. They clear path for steadfast clients and increment authoritative effectiveness. There are following manners by which the firm will guarantee long haul and sound client relations. Month to month survey gatherings: Regular audit gatherings with clients assist them with remaining associated with the association. These gatherings guarantee that client inputs and impromptu creation plans are finished and any complaints from the customers can be productively tended to. Customary telephonic inputs: Meetings can be directed month to month however alongside that telephonic discussions help in relationship working with customers. Wishing them on their birthday celebrations/commemorations and so on will likewise include a customized touch and further aid customer maintenance. Day by day warning: As a piece of the administrations offered by the organization, every day warning must be given to customers about the cash advertises, their review, examination and gauge. Day by day reports: Everyday reports will be sent to customers. These reports will contain nitty gritty examination of cash advertises alongside diagrams and major subtleties. This is additionally done to maintain a strategic distance from any miscommunication on the telephone. Client relationship supervisory crew: There will be a devoted group who will take a shot at improving client relations with all the customers. They will guarantee that they can be arrived at constantly and any issues looked by the customer will be tended to by them. They will likewise ensure that customers are wished on unique events like their birthday events, commemorations, New Year and Christmas and so forth. Channels Channels are mediums that interface the association to its customers. We will contact customers by the accompanying methods: Occasions: A great deal of occasions are directed consistently by different fare and import affiliations like Export committee of Australia, Australian exporters affiliation, Food and refreshment merchants relationship of Australia. These occasions are gone to by every single prestigious exporter and shippers of the nation and subsequently will furnish us with an ideal stage to advertise our administrations. Referrals: Referrals are a productive method of getting more customers ready. They are essentially companions, partners or associates of our customers. On the off chance that the customer is content with our administrations, they may allude different exporters and merchants to connect with us (Berman, 2016). Certain referral rewards can likewise be offered as along these lines existing customers will likewise work at acquainting new possibilities with the association. Cold pitching: There will be a devoted presales group whose activity would be to cold pitch all the exporters and merchants in the nation, educate them concerning our association and fix gatherings with them. They is the more conventional channel of connecting with customers. Showcasing and PR exercises: Television advertisements and supporting occasions of import-trade affiliations will assist with spreading mindfulness about our administrations. There will be an advertising and PR group who will guarantee that the firm is all around marked. One on one gatherings: Once the presales group does cold pitching, one on one gatherings will be led with customers the nation over with a plan to showcase our administrations, get them ready and furthermore upgrade our insight about the business news. Key exercises CRM: client relationship the board is a significant part of keeping up sound and productive associations with clients once they are ready. Their point is an expanded degree of client maintenance. An

The Asian Financial Crisis Essay example -- Business Economics Globali

The Asian Financial Crisis Numerous market analysts have said that the development experienced by Southeastern Asian nations during the 1980s and mid 1990s was a supernatural occurrence. Japan, Malaysia, South Korea, Indonesia and different nations in the area experienced yearly development paces of more than 7 percent. Alongside this fast development, these nations additionally observed next to no joblessness and a practically undetectable riches hole between the diverse social and monetary classes of residents. Conditions have significantly changed, be that as it may. In the mid year of 1997, Southeast Asia encountered a period of extraordinary budgetary and financial unrest. From the outset, the monetary emergency was detached in Thailand's money related part, yet it immediately spread to Malaysia, Indonesia and South Korea also. The Prosperous Times It appears that Southeast Asia has consistently had the option to turn awful occasions around and recoup to wind up as probably the most grounded economies on the planet. South Korea, for example, was feeble and defenseless subsequent to battling a common war with North Korea in 1953. Be that as it may, somewhere in the range of 1960 and 1990, the nation experienced wonderful financial development and recuperation, and soon the world's eleventh most impressive economy. Numerous other Southeast Asian nations had comparative encounters. South Korea, Hong Kong, Taiwan and Singapore were recently known as the Four Tigers as a result of their quick and forceful passage into the worldwide commercial center. Different models incorporate Japan, Malaysia, Indonesia and Thailand, every one of which experienced quick development and flourishing in generally brief timeframes. In the U.S., the Asian supernatural occurrence worked up both wonder and dread. This was particularly so during the 1980s when Asian items became furious rivalry for American items. Japan’s autos and hardware were equaled U.S. items and caused a lot of dread among makers in these U.S. markets. This opposition, to a limited extent, prompted a U.S. exchange shortage. U.S. congress responded by passing various exchange guidelines planned for securing U.S. businesses. Southeast Asian governments occupied with acts that advanced certain enterprises and organizations. They gave them charge credits or sponsorships. These arrangements permitted Asian government pioneers to pick the main enterprises and assisted with guaranteeing their prosperity as opposed to permit the facilitated commerce market to direct such choices. Along these lines, these nations had a capacity to control and direct th... ...g-term impacts are probably going to be sure, at any rate when society overall is thought of. Similarly as with all things, there will be victors and there will be failures. The desire for society is that the failures lose not exactly the victors win, and that the winner’s increases can be responded to all included. Reference index: Bello, Walden. The End of the Asian Miracle. The Nation. January 12/19, 1998: 16. Head servant, Steven. New Attitudes in Asia. U.S. News and World Report. December 29, 1997/January 5, 1998: 17. Hornik, Richard. The Myth of the Miracle. Time. December 8, 1997: 40. Lacayo, Richard. IMF to the Rescue. Time. December 8, 1997: 36. Lee, Charles. â€Å"The Next Domino?† Far Eastern Economic Review. November 20, 1997: 14-16. Richburg, Keith. SE Asians Call for Help as Currencies Plunge. Washington Post. December 16, 1997: A1. Web Sources http://www.stern.nyu.edu/~nroubini/asia/AsiaHomepage.html. What Caused Asia's Economic and Currency Crisis and Its Global Contagion? Nouriel Roubini http://www.ids.ac.uk/ids/publicat/dp367.html. The East Asian Financial Crisis: A Reflection on its Causes, Consequences and Policy Implications. IDS Discussion Paper 367. Stephany

History-Assess the short and long term impact of Iran's 1979 Essay

History-Assess the short and long haul effect of Iran's 1979 Revolution - Essay Example The reasons for the Iranian Revolution, in spite of an appearing nonappearance of general emergency so normal for past insurgencies of such magnitude1, were complex. The twentieth century history of Iran was portrayed by disturbance of social logical inconsistencies. The modernizing approaches of the Pahlavi tradition (1926-1979) were, best case scenario uncertain: the political and metro changes of the principal Shah of the line, Reza Shah Pahlavi, were joined by merciless concealment of both administrative and left-wing oppositional movements2. After his relinquishment in 1941, the nation wound up buried in insecurity brought about by the impact of the WW II and remote occupation4. After the disappointment of the endeavor of the mainstream patriot administration of Mohammad Mosaddeq to nationalize oil industry, which prompted the overthrow d’etat against Mosaddeq on August 19, 19534, Mohammad Reza Shah re-expected the domineering forces of his dad. Around then, the administr ative powers of Iran agreed with the Shah, dreading left-wing secularist regime5. The administration of Mohammad Reza Shah set out on the goal-oriented program of the purported ‘White Revolution’ during the 1960s, which was to encourage the improvement of present day ventures in Iran. Notwithstanding Mohammad Reza Shah’s populist affectations, his modernization system special enormous, present day endeavors and the oil division, which served the requirements of universal market, to the impairment of independent companies generally joined into the system of bazaar 6. The state developmentalist approaches prompted the wild inflation7. The Shah’s land change really added to the emergency, as the new laborer cultivators couldn't tend the land as productively as huge scope homesteads would, in this manner prompting huge increments in imports of food stuffs and appropriately in their prices8. The endeavors of the Shah’s government to control taking off sw elling in the mid-1970s just exasperated the situation9. The progressive development, which sprang from the conflicts between the strict understudies and the Shah’s SAVAK security powers in the late 1977, inevitably turned in the nation wide unsettling influences with the general strike of October 197810. The administration of the Pahlavis was quickly crumbling, and on January 16, 1979 Mohammad Reza Shah left Iran. From that point on, the triumph of the Iranian Revolution was ensured. The indications of the general emergency in the Iranian economy were greatly articulated in the quick outcome of the Revolution. Because of wide-scale strike development of 1978-1979, the nation remained near the very edge of monetary breakdown. Starting at 1980, the modern yield fell by practically 20%11 in correlation with the 1977 level, while absolute GNP of Iran in 1981 tumbled to 81 percent of that in 197712. The Revolution proclaimed the start of unconstrained battle of occupations and re allocations; the workers’ councils were shaped in numerous segments, above all else, in oil industry13. Despite the fact that the administration didn't really examine all out nationalization of private division, the complicity of huge financial organizations in huge capital flight constrained it to bow to the weights of mainstream developments and requests of Khomeini-drove Revolutionary Council (RC), and in summer 1979 the nationalization of banks, insurance agencies and significant parts of ventures was conveyed out14. By and by, the PRG strategy stayed mindful in such significant monetary circles as land

5 Brexit questions with Economist Jan Svejnar COLUMBIA UNIVERSITY - SIPA Admissions Blog

5 Brexit questions with Economist Jan Svejnar COLUMBIA UNIVERSITY - SIPA Admissions Blog From  Columbia News, June 24, 2016: The fallout from Brexit, the British exit from the European Union, was nearly immediate. Every global market sank. British Prime Minister David Cameron resigned. A large U.S. investment bank announced it would move 2,000 jobs out of London to either Dublin or Frankfurt, the credit agency Standard Poor’s said that the Britain would lose its AAA rating while Moody’s lowered its rating to negative from stable. More shoes are still to drop, according to Jan Svejnar, the James T. Shotwell Professor of Global Political Economy at the School of International and Public Affairs. While he knew the vote would be close, he believed that Britons would ultimately stay. He was surprised the leave vote was as strong as it was, 52 percent to 48 percent. The repercussions will be significant. “I think we are seeing the unraveling of Great Britain,” he said. Scotland, which two years ago voted no on an independence referendum, will probably opt for a new one. Northern Ireland could do the same. We may be going from Great Britain to small England. Here, Svejnar answers five questions about what will happen now that Britain is withdrawing from the EU. Q. What happens next? A. We are already seeing the first impacts, the gyrations in the stock markets and foreign exchange markets. I think that may continue for a while. Next will come a first round of tough political decisions. German chancellor Angela Merkel will be getting together with Italian Prime Minister Matteo Renzi and French president Francois Hollande to prepare a statement and stake out their approach to the British decision. Q. What kind of approach might that be? A. They have to negotiate a separation, which won’t be easy. If it is done too fast and too vigorously, it could alienate other EU nations, who may insist the rest of the 25 members should have been consulted rather than having a particular solution designed by the leaders of only those three countries shoved down their throats. There are free trade policies and immigration pacts and a swath of EU regulations that must be unraveled or replaced. The EU won’t want to make it easy for Britain to leave, they don’t want this to set a precedent for other countries. Q. What kind of economic fallout do you foresee? A. There are two years to negotiate the exit, unless markets destabilize to such an extent that they can’t afford to take that long. All the agreements between the EU and Britain must be renegotiated. There may be a substantial relocation of capital from Britain. London could lose its status as a global hub of finance, and I’ve already heard that some banks are looking to move their headquarters. Q. How does this affect the rest of Europe, or the world? A. Britain is now the second largest economy in the EU, and the most outward oriented. There is a chance that Europe itself gets destabilized, because now other governments may ask for exceptions and exemptions from EU regulations. If that happens, Europe may not look to be as friendly a place to invest in, and investors may look to other parts of the world. Also, other nations will be cautious about raising interest rates, to make sure there is no economic contagion. Q. Is there any chance that this can be reversed? A. In principle, yes. It takes a vote of Parliament for the decision to become final. Parliament could conceivably go against the referendum, but the vote was 51.9 percent to 48.1 percent. It would be hard for it to say this was just a joke. Given that David Cameron has already resigned, I don’t see that this can be stopped. [Photo by Bruce Gilbert]

Impact of Technology on the Contemporary Play Habits - 6875 Words

Impact of Technology on the Contemporary Play Habits (Essay Sample) Content: How has TECHNOLOGY changed children's play habits and effected their social and learning development?Name:Institutional Affiliation:Executive summaryThe advent of the digital age has impacted the development of the contemporary society. Child development is among the factors that have been significantly impacted by technology. There are positive and negative impacts of technology on child development and childrenà ¢Ã¢â€š ¬s play habits. The impact of technology has been varied between third and first world nations. In an environment that is devoid of supervision, there is high potential for children being negatively impacted by technology. Childrenà ¢Ã¢â€š ¬s play habits have been largely modernized. The social and learning development has been positively and negatively impacted. There is paucity in literature that has focused on this issue. Future research then has to address this gap in knowledge.How has TECHNOLOGY changed children's play habits and effected their social and learning development?IntroductionTechnology has had a profound impact on the society. With time, this impact has been enhanced. Technology has served to ease work (Van, 2004). Its use in the contemporary society then serves to make life easier by simplifying otherwise difficult tasks. There are some benefits and drawbacks associated with the use of technology (Cooper, 2005). Children have also been impacted by the advent of technology. The contemporary society has been characterized by an enhanced dependency on technology (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). Children too have developed their dependency on technology (Oosterlaken Hoven, 2012). While there are benefits to accrue from such an enhanced dependency on technology, there are also some associated drawbacks. The development of children has been adversely impacted by technology (Ferraro, Casey McGrath, 2005). There are different factors that can be used as a testament of this fact. Childrenà ¢Ã¢â€š ¬s play habits have been transformed from the traditional approach to a modern approach. The term modernity has been used in reference to the inculcation of technological elements in play time (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). Childrenà ¢Ã¢â€š ¬s social and learning development has also been impacted by technology. While the general assumption is that technology aids in enhancing social welfare, there is need to adopt a critical approach in investigating on the wholesome impact of technology on childrenà ¢Ã¢â€š ¬s play time, social and learning development. Technology has had a profound impact on childrenà ¢Ã¢â€š ¬s play time which has not incorporated technological elements (Asamen, Ellis Berry, 2008). Moreover, it has also recorded a profound impact on social and learning development. The potential for development has then been enhanced as a result of an increased dependency on technology.TechnologyThe term technology has been used in reference to the products of scientific knowledge (Dodgson, Gann Salter, 2005). Technology then denotes the applications that have been realized when scientific knowledge is applied. The intent is to simply use scientific knowledge for practical purposes. Technology can also be defined as the technical means via which scientific knowledge is employed to the benefit of the society and environment (Pellegrini Smith, 2005). Essentially, the goal is to enhance the quality of social welfare.Technology has been inculcated in almost all aspects of life (Haugen Musser, 2007). It then forms one of the core differences between the contemporary and the traditional societies. Knowledge has thus become increasingly valuable in the contemporary society (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). The core intent is to identify the needs of the society and the environment. It is in meeting these needs that has enhanced the relevance of technology in the contemporary setting (Howard McInnes, 2013). The same can be said of the societal dependence on technology. Children have also been targeted by technological innovations. The intent has been to meet the perceived needs of children using technological innovations. However, such children targeted technologies have recorded both positive and negative impacts.Developments in technologyThe contemporary society has become synonymous with technological developments (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). The contemporary society has experienced a higher degree of technological advancements as compared to the previous generations (Selwyn, 2013). It then translates to mean that the impact of technology in the social and learning context has been amplified in this generation. In turn, investigating on the impacts of technology would become critical given that with time, technological developments are steadily being enhanced (Galloway, 2009).The contemporary society has bore witness to improved investments on re search and technology (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). Technological firms have appreciated the need for enhanced focus on research and development. The intent is to make technology more reliable and applicable for the society. Simply put, the enhanced focus on research and development strives to realize greater societal dependency on technology (Oosterlaken Hoven, 2012). It can then be asserted that the developments in technology will realize an amplified impact on children.The contemporary society has been labeled as the information age (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). It is characterized by greater access to information. With time, there will be even greater access to information (Bell, Ezell Van, 2007). Moreover, technological developments have also culminated in greater dependence on phone-based applications. Such applications have had a profound impact on the supply and degree of information access (Asamen, Ellis Berry, 2008 ). Technology has thus been critical in fashioning a literacy rich environment. Technological developments will then seek to augment the ability of the teachers to fashion an improved literary rich environment.Technological developments have some associated drawbacks (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). In the context of children, technology has a distraction effect (Ferraro, Casey McGrath, 2005). Devoid of guidance, there is a risk that children will be distracted. In the traditional sense, children were supposed to engage in play. To an extent, play was a central part in the lives of children (Dinkar Dinkar, 2010). On the same note, devoid of technological input, children adopted the traditional course in social and learning development. Critics point out that technological development has negatively impacted the growth of children and their interaction with society (Sutcliffe, 2002). As technology innovation continues to be embraced by the contemporary soci ety, its impact on the society, and more so the children, will be perpetuated, albeit at enhanced levels.Childrenà ¢Ã¢â€š ¬s play habitsAccording to Ness Farenga (2007), play is critical for in a childà ¢Ã¢â€š ¬s social development. From the psychological stand point, play ensures that there is wholesome brain development. Moreover, it also ensures that a child experiences wholesome development (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). It then translates to mean that when play is inhibited, social development is also being inhibited. When a child is unable to experience the benefits that accrue from play, their social development capacity will thus be limited (Thompson, Felce Symons, 2000). The goal of ensuring wholesome child development then mandates parents and guardian to ensure that children have play time.`At this juncture, there is need to provide a succinct description of the concept of play. According to Pellegrini Smith (2005), the term play is used in reference to the activities of children when they are not being directed by adults. Essentially, during this time, children are given the freedom to do as they please (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). Their creativity then takes control of their actions. Such freedom has been deemed critical for child development given the benefits they accrue for children.Play enables children to advance their literacy capacity (Bell, Ezell Van, 2007). Play provides children with the opportunity to practice new sounds (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). More often than not, this practice is usually embraced when in the company of children. The mere habit of trying out new vocabularies is a habit that aids in literacy development. Literacy is also built by the act of storytelling between children (Pellegrini Smith, 2005). The act of storytelling has been identified as aiding in the development of a childà ¢Ã¢â€š ¬s imagination skills. In turn, develo ping this skill has a positive impact on the literacy skills.Play provides an expression tool for children (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). According to Elkind (2007), play allows children to express themselves using their toys. It is critical for children to have a considerable supply of toys. It is only in this way will children have a wide array of tools using which they can express themselves during play time (Sinno, Charafeddine, Mikati, Holt Veerapandiyan, 2013). Therefore, play provides children with a choice thereby becoming a tool for self-expression.Play aids in the forging of social bonds between children, the peers and the parents who choose to engage in the play activity (Howard McInnes, 2013). Children who are given the opportunity to play are ...