Central Financial Management Activities Essay Example | Topics and Well Written Essays - 1250 words

Central Financial Management Activities - Essay Example It is not uncommon for an organization to employ its directors and/or its chairperson when it comes to judgment in the financial management process. Judgment must be borne on issues of strategy, performance, and resources, including key appointments and standards of conduct. Organizations may also employ non-executive directors for the judicial process, as an independent judgment that is free from bias is superior (Mcmenamin 1999). It is the task of the judgment personnel to evaluate what has taken place in relation to how the financial picture of an organization can be improved. The judges in the financial management process have the capacity to do away with certain decisions and thereby begin a new financial year with better prospects. Most Fortune 500-size firms use sophisticated mathematical and statistically-based methods in the financial management of inventory. A firm’s financial managers concentrate on the allocation and efficient management of financial resources in various inventory categories, for example, raw materials, work-in-progress, and finished goods. A firm’s production and inventory managers, on the other hand, are more interested in the efficient production of different finished goods items, and therefore pay close attention to employee production schedules, long production runs, and the storage of finished goods. It is not infrequent for a conflict of interest to arise between these two branches of management. The top management must intervene in this case to determine the proper investment of financial resources in the production function. Now a great deal of analysis enters the picture. For this, all firms must have data necessary to make precise calculations of cost-convenience -profit trade-offs (Grablowsky 1984).

Review of Strategies Undertaken by AIG Essay Example | Topics and Well Written Essays - 1000 words

Review of Strategies Undertaken by AIG - Essay Example American International group which is a financial services company constitutes of different business units. These are AIG Bank, AIG Direct, SunAmerica financial group, Chartis insurance, United Guaranty Corporation and International Lease Finance Corporation. The main revenue of the company is from the Chartis insurance which is major name in the global insurance sector. SunAmerica financial group is the other which generates maximum revenue for the AIG group. From this statistics, it can be said that the company is mainly focusing on the life insurance, general insurance, wealth management, asset management programs. It can also be said statistics that the major percentage of revenue comes from the casualty and specialty line of business. In any type of industry, the companies should design and offer the product or services according to the customer needs. Financial services industry is a volatile industry. During the economic downturn, the companies generally don’t profit mu ch from the financial services. The reputation of the companies plays a big role in that situation. If the financial services companies provide the products according to the needs of the customers and build customer loyalty then they will have a competitive edge than their competitors. For having a good percentage of market shares as well as retaining the customers in the time of financial downturn a loyal customer base is necessary for the financial services company (The Economist, 2008, p.5-7).... During the economic downturn the companies generally don’t profit much from the financial services. The reputation of the companies plays a big role in that situation. If the financial services companies provide the products according to the needs of the customers and build customer loyalty then they will have a competitive edge than their competitors. For having a good percentage of market shares as well as retaining the customers in time of financial downturn a loyal customer base is necessary for the financial services company (The Economist, 2008, p.5-7). The services those are providing by the company should be customized. American General Life and Accident Insurance Company (AGLA), the middle market life insurance and accidental insurance division of SunAmerican financial group provides personal customer service to the small business owners and middle market segment by an effective field force consisting of the full time employees. Chartis is gaining revenue from the per sonal lines; casualty and speciality sector of insurance which means the company is also focused on the personalized services to the customers (American International Group, 2011, p.8). So it can be said that the company is applying the right strategy i.e. they are providing customized and customer oriented services to their customers which in turn make a loyal base of customers for the company. It would be helpful for the company to retain the market share in time of financial downturn. Segmentation strategy is one of the important strategies that should be addressed by the company management properly. American International Group is a large group constitute of many companies. Every company is providing different type of services and their target market is

Case study Case Study Example | Topics and Well Written Essays - 1500 words

Case Study Example Question 8: What did Rein A J regard in an eBay auction as the equivalent of the fall of the hammer in a traditional auction; and what is the significance of each (2 marks) The fall of the hammer in a traditional auction is complete when the auctioneer announces its completion by the fall of the hammer or in other customary manner-and until any such announcement is made any bidder may retract his or her bid. The equivalent of the fall of the hammer in an eBay auction is the automatic close of bidding at a fixed time and the generation of an eBay advice headed "won" appear to have been accepted by the parties to an eBay auction. Question 9: Why was an order for specific performance of the contract appropriate in this case (2 marks) An order for specific performance of the contract was appropriate because of two reasons: 1) the Wirraway was not at the time in flying condition, and 2) the plane was in a hangar owned by a third party. Question 10: Why was the final order not made in this hearing (1 mark) It was ruled that a binding contract was formed between the plaintiff3 and the defendant4 and that it should be specifically enforced.5 Further, the two parties would be given a chance to reach agreement on the precise nature of the agreement. Question 11: Why was the matter heard in the Supreme Court (4 marks) This matter was heard in the Supreme Court because the defendant kept appealing to higher courts when the decisions in lower courts were against him (i.e., not in his favour). TOTAL 30 Marks Course Profile for: LAWS11030, 2009 Term Two - Page 7 Part B McMuffins Ltd is a fast food company. Yesterday, before work had started, an argument arose between three kitchen hands: Tom, Dick and Harry. Over the weekend, Tom had offered to sell his... An order for specific performance of the contract was appropriate because of two reasons: 1) the Wirraway was not at the time in flying condition, and 2) the plane was in a hangar owned by a third party. It was ruled that a binding contract was formed between the plaintiff3 and the defendant4 and that it should be specifically enforced.5 Further, the two parties would be given a chance to reach agreement on the precise nature of the agreement. McMuffins Ltd is a fast food company. Yesterday, before work had started, an argument arose between three kitchen hands: Tom, Dick and Harry. Over the weekend, Tom had offered to sell his motorbike to Dick for $5000. Dick said this was far too much but he would pay $4000. Tom refused. Before Tom left for work this morning Dick phoned to say he would buy the motorbike for $5000 but Tom said he had already sold it to Harry for $4,500. It was not a good day for Dick: he was one of the six employees of McMuffins Ltd that

Central Financial Management Activities Essay Example | Topics and Well Written Essays - 1250 words

Central Financial Management Activities - Essay Example It is not uncommon for an organization to employ its directors and/or its chairperson when it comes to judgment in the financial management process. Judgment must be borne on issues of strategy, performance, and resources, including key appointments and standards of conduct. Organizations may also employ non-executive directors for the judicial process, as an independent judgment that is free from bias is superior (Mcmenamin 1999). It is the task of the judgment personnel to evaluate what has taken place in relation to how the financial picture of an organization can be improved. The judges in the financial management process have the capacity to do away with certain decisions and thereby begin a new financial year with better prospects. Most Fortune 500-size firms use sophisticated mathematical and statistically-based methods in the financial management of inventory. A firm’s financial managers concentrate on the allocation and efficient management of financial resources in various inventory categories, for example, raw materials, work-in-progress, and finished goods. A firm’s production and inventory managers, on the other hand, are more interested in the efficient production of different finished goods items, and therefore pay close attention to employee production schedules, long production runs, and the storage of finished goods. It is not infrequent for a conflict of interest to arise between these two branches of management. The top management must intervene in this case to determine the proper investment of financial resources in the production function. Now a great deal of analysis enters the picture. For this, all firms must have data necessary to make precise calculations of cost-convenience -profit trade-offs (Grablowsky 1984).

Case study Case Study Example | Topics and Well Written Essays - 1500 words

Case Study Example Question 8: What did Rein A J regard in an eBay auction as the equivalent of the fall of the hammer in a traditional auction; and what is the significance of each (2 marks) The fall of the hammer in a traditional auction is complete when the auctioneer announces its completion by the fall of the hammer or in other customary manner-and until any such announcement is made any bidder may retract his or her bid. The equivalent of the fall of the hammer in an eBay auction is the automatic close of bidding at a fixed time and the generation of an eBay advice headed "won" appear to have been accepted by the parties to an eBay auction. Question 9: Why was an order for specific performance of the contract appropriate in this case (2 marks) An order for specific performance of the contract was appropriate because of two reasons: 1) the Wirraway was not at the time in flying condition, and 2) the plane was in a hangar owned by a third party. Question 10: Why was the final order not made in this hearing (1 mark) It was ruled that a binding contract was formed between the plaintiff3 and the defendant4 and that it should be specifically enforced.5 Further, the two parties would be given a chance to reach agreement on the precise nature of the agreement. Question 11: Why was the matter heard in the Supreme Court (4 marks) This matter was heard in the Supreme Court because the defendant kept appealing to higher courts when the decisions in lower courts were against him (i.e., not in his favour). TOTAL 30 Marks Course Profile for: LAWS11030, 2009 Term Two - Page 7 Part B McMuffins Ltd is a fast food company. Yesterday, before work had started, an argument arose between three kitchen hands: Tom, Dick and Harry. Over the weekend, Tom had offered to sell his... An order for specific performance of the contract was appropriate because of two reasons: 1) the Wirraway was not at the time in flying condition, and 2) the plane was in a hangar owned by a third party. It was ruled that a binding contract was formed between the plaintiff3 and the defendant4 and that it should be specifically enforced.5 Further, the two parties would be given a chance to reach agreement on the precise nature of the agreement. McMuffins Ltd is a fast food company. Yesterday, before work had started, an argument arose between three kitchen hands: Tom, Dick and Harry. Over the weekend, Tom had offered to sell his motorbike to Dick for $5000. Dick said this was far too much but he would pay $4000. Tom refused. Before Tom left for work this morning Dick phoned to say he would buy the motorbike for $5000 but Tom said he had already sold it to Harry for $4,500. It was not a good day for Dick: he was one of the six employees of McMuffins Ltd that

Gun Control Essay Example for Free

Gun Control Essay Argumentative Essay against Gun Control Since 1980, forty-four states have passed laws allowing gun owners to carry concealed weapons outside their homes for personal protection. (Five additional states had these laws before 1980. Illinois is the sole holdout. ) A federal ban on the possession, tran Premium756 Words4 Pages Gun Control Essay Gun control is among the most hotly debated of topics today. With the federal government currently discussing whether to initiate stronger and more strict laws for owning guns, the number of gun control essays has risen, which makes perfect sense since the topic is fresh on people’s minds with rec Premium404 Words2 Pages Gun Control Dan Nenninger: Essay # 1 Gun Control According to the Coalition for Gun Control, last year a total of 291 people were killed by handguns in Australia, Sweden, Great Britain, Japan, and Switzerland. In the United States more than 24,000 people will be killed by the end of this year. So what is Premium795 Words4 Pages Gun Control Persuasive Essay on Gun Control What would be going through your mind if you were in a restaurant and a mad man came in and began slaughtering people right and left including you family (Swasey 174)? Would you be thinking if they would ban guns this would have never happened? Probably not! What you Premium354 Words2 Pages Gun Control and Gun Violence Among Children NAME: Clara Lawson COURSE:PHI 105 Critical Thinking Problem Solving DATE: January 12, 2012 INSTRUCTOR: DR. Scott Hovater GUN CONTROL GUN VIOLENCE in CHILDREN To start my essay off, I have an unusual story that is true. My mom knew a girl when she was lit Premium945 Words4 Pages Gun Control Working Outline for the Argumentative Paper Topic: Gun Control Topic Question: Does the U. S. need more gun control laws? Introductory Paragraph * What do I need to say to set up my thesis? (Do you need background information? Definitions? Explanations? ) * Thesis Statement: So many citi Premium483 Words2 Pages Gun Control Argumentative Essay (Against) Gun Control Argumentative Essay All guns have the potential to be dangerous and should be dealt with precaution. Guns have been a part of American history for as long as people can remember. For most individuals guns are supposed to be very dangerous and unsafe. Though, that is not true. Guns can b Premium284 Words2 Pages

Understanding Of Feminist Theory And Patriarchy Sociology Essay

Understanding Of Feminist Theory And Patriarchy Sociology Essay Western female thought through the centuries has identified the relationship between patriarchy and gender as crucial to the women ¡Ã‚ ¦s subordinate position. For two hundred years, patriarchy precluded women from having a legal or political identity and the legislation and attitudes supporting this provided the model for slavery. In the late 19th and early 20th centuries suffrage campaigners succeeded in securing some legal and political rights for women in the UK. By the middle of the 20th century, the emphasis had shifted from suffrage to social and economic equality in the public and private sphere and the women ¡Ã‚ ¦s movement that sprung up during the 1960s began to argue that women were oppressed by patriarchal structures. Equal status for women of all races, classes, sexualities and abilities in the 21st century these feminist claims for equality are generally accepted as reasonable principles in western society; yet the contradiction between this principle of equality and the demonstrable inequalities between the sexes that still exist exposes the continuing dominance of male privilege and values throughout society (patriarchy). This essay seeks to move beyond the irrepressible evidence for gender inequality and the division of labour. Rather, it poses the question of gender inequality as it manifests itself as an effect of patriarchy drawing from a theoretical body of work which has been developed so recently that it would have been impossible to write this essay thirty years ago. Feminist Theory and Patriarchy Although  ¡Ã‚ ¡K patriarchy is arguably the oldest example of a forced or exploitative division of social activities ¡Ã‚ ¨ and clearly existed before it was ever examined by sociologists, the features of patriarchy had been accepted as natural (biological) in substance. It was not until feminists in the 1960s began to explore the features and institutions of patriarchy, that the power of the concept to explain women ¡Ã‚ ¦s subordinate position in society was proven (Seidman, 1994) . The feminist engagement with theories of patriarchy criticised pre-existing theoretical positions and their ideological use, tracing theoretical progenitors of popular views about gender, gender roles etc (Cooper, 1995; Raymond, 1980). Developing theories to explain how gender inequalities have their roots in ideologies of gender difference and a hierarchical gender order, feminist theoretical concepts of patriarchy are able to explain and challenge gender inequality and the gendered division of labour in the private and social spheres (Seidman, 1994). They have done this by challenging concepts of gender, the family and the unequal division of labour underpinned by a theory of patriarchy that has come to reveal how it operates to subordinate women and privilege men, often at women ¡Ã‚ ¦s expense. Patriarchy, Structure and Gender Inequality Walby (1990) reveals how patriarchy operates to achieve and maintain the gender inequalities essential for the subordination of women. Crucially for this essay, she shows how it can operate differently in the private and public domain but toward the same end. She identifies patriarchy as having diverse forms of and relationships between its structures in the public and private spheres, and yet still operates in a related fashion. Walby ¡Ã‚ ¦s explanation sees the household and household production as being a key site of women ¡Ã‚ ¦s subordination but acknowledges that the domestic area is not the only one that women participate in. She shows how the concept of patriarchy is useful in explaining the relationship between women ¡Ã‚ ¦s subordination in the private and public arenas by showing that they work equally to achieve this subordination as well as supporting, reflecting and maintaining patriarchy itself. Firstly, Walby points out that the structures of patriarchy differ in their form. The household has a different structure to other institutional forms, e.g., the workplace. This is an important point because if feminist theories of patriarchy are to stand they must show that patriarchy operates to the same end in both the private and public sphere, even if it uses different strategies, otherwise it could not be the main reason for the continuing inequality of women in both the private and public sphere. Walby shows that within the private structure and the public structures, patriarchy does use different strategies to maintain gender inequality and these strategies both achieve the subordination of women. The household strategy is considered to be exclusionary and the public structures strategy as segregationist. The exclusionary strategy in the private arena is based on household production. Application of this strategy in the domestic sphere depends on individual patriarchs controlling women in the private world of the home. The male patriarch in the household is both the oppressor and recipient of women ¡Ã‚ ¦s subordination. This strategy is direct  ¡V women are oppressed on a personal and individual basis by the individual patriarchs who share their lives. The segregationist strategy used in the public patriarchy actively excludes women from the public arena using various structures to subordinate them. Application depends on controlling access to public arenas (Golombok and Fivush, 1995). This strategy does not benefit the institution directly, but it does ensure that individual patriarchs are privileged at the expense of women, and it maintains gender differences. The way in which individual patriarchs and public institutions use there power further reveals how related the structures of patriarchy are. Public institutions do not have the power to oppress individual women or exclude them directly from public structures; this work is carried out in the home. Power in institutions is used collectively rather than individually, and the segregationist strategy pursued in the public arena maintains the exclusionary strategy used in private that in turn supports the segregationist strategy used in public. Yet, the institution can only pursue its segregationist strategy because the individual patriarch subordinates the individual women daily. Walby ¡Ã‚ ¦s description of patriarchal structure looks powerful where there are fewer variables  ¡V e.g., when women and men seem to share the  ¡Ã‚ ¥privilege ¡Ã‚ ¦ of being exploited equally as a labour force working equal hours for equal pay in equal conditions (Haug, 1998). Haug (1998) cites research from East Germany which allows her to calculate that women do 4 hours and 41 minutes of domestic labour against men ¡Ã‚ ¦s 2 hours 38 minutes. Men split their extra two hours between leisure time and paid employment. She asks if it is a realistic possibility that patriarchy could be so completely and comprehensively asserted in as little as two hours a day. Haug does not answer this question (perhaps it is rhetorical) but I think that Walby ¡Ã‚ ¦s (1990) theory of patriarchy is so powerful because it can reveal the answer to questions like this. Walby ¡Ã‚ ¦s theory stands because she shows that the power of patriarchy is asserted in both the private and public sphere simultaneously supporting, reflecting and maintaining itself, regardless of the economic and social framework that prevails. In Haug ¡Ã‚ ¦s case, patriarchy is not being asserted in two hours per day, rather it is an expression of patriarchy, i.e., a symbol of male privilege, which could only be expressed if the general strategies of patriarchal structure were intact and functioning. This description of the relationship between patriarchy and structure demonstrates how inequalities in the workplace and in inequality in the home are two sides of the same coin and individual males are involved in the direct and indirect subordination of women simultaneously. The concepts that allowed Walby (1990) to define patriarchy as she has are discussed below, with reference to the work of second and third wave feminist thinkers. Gender and Gender Inequalities in the Domestic and Occupational Divisions of Labour Feminist concepts of gender and gender inequality allow us to refer more or less directly to a theoretical framework for understanding how they have come to form a basis that helps structure the whole of society according to the concept of patriarchy (Seidman, 1994). The gender differences, which lead to gender inequality in the division of labour, and presented as natural by patriarchy and unequal gender order has been normalised and legitimated by science, medicine and popular culture (Raymond, 1980). Feminists hold that this normalisation conceals the social and political formation of an unequal male order, arguing that gender difference is socially produced in order to sustain male dominance (Seidman, 1994). Frable (1997) points out that there is no basis for a biological account of gender difference since gender identity can only refer to the psychological sense of being male or female. Gender is now understood as a social category (Frable, 1997) and so liberal feminism was correct to deny that nature requires rigidly separate and unequal social roles based on gender (Ruehl, 1983). The patriarchal concepts of gender criticised by feminists are used to ascribe the roles that result in gender inequality in the division of labour (Sarup, 1993). This view is supported by Garnsey (1991) when she describes the division of labour as the differentiation of work tasks organised in structured patterns of activity. These activities are imposed and remunerated in a specific and unequal manner. When the evidence allows us to place the words  ¡Ã‚ ¥according to gender ¡Ã‚ ¦ into the last two sentences, and they new sentences mean something, then the concepts of patriarchy argued by feminists begin to take on an explanatory power. Occupational Labour and the Economy Liberal feminist provided concepts of gender that account for pay differentials and might even account for why women can receive less money than men for doing the same job (Golombok and Fivush, 1995). They can be used to explain why the political and social change which has allowed substantially greater numbers of women to enter the labour force has also concentrated them in the poorest employment (Golombok and Fivush, 1995). This is especially so if Garnsey ¡Ã‚ ¦s (1991) description of the differentiated and imposed tasks of the division of labour is used to structure the argument. However, they do not explain the reasons behind women ¡Ã‚ ¦s oppression and in order to do this Marxist feminists to began to argue that gender inequality has been shaped by capitalist development, highlighting explanations which connect gender inequality with economic needs (e.g., Mitchell J, 1966 used Marxist theory in Women: The Longest Revolution). However, while most feminists see the close links between the organisation of production and the division of labour many thought that there was a limited future for feminism under theories which reduced the specifics of women ¡Ã‚ ¦s lives to the extent that the subjective and interpersonal flavour was not captured (e.g., Firestone S, 1970; The Dialectic of Sex: the Case for Feminist Revolution). The socialist or Marxist feminist proposition positions class as the most basic form of human conflict but this position was challenged by radical feminists according to whom, equality does not mean being like men (Sarup, 1993). Radical feminists successfully argued for the substitution of gender conflict as the source of all other conflict and fighting for equality in the occupational field became subordinate to challenging the social and cultural order (Sarup, 1993). Asserting that a female identity and subjectivity could only be defined without reference to the patriarchal framework, many radical feminists looked for ways to identify and develop a female culture and way of being which was free from the influences of patriarchy. For example, Irigaray (1985) proposed that this be done through the promotion of entre-femmes, a kind of social form specific to women. A cultural terrain distinct from women ¡Ã‚ ¦s usual site the family. Household Labour Feminist writers have taken the family as a central feature of their explanation of patriarchy but they do not always agree about its role in shaping women to serve patriarchal ends in domesticity and work (Sarup, 1993). Liberal feminism recognized the gendered, social roles of wife and mother but advocated choice for women with respect to marriage, family, career etc., proposing to achieve this through a process of education and reform (Seidman, 1994). In radical feminism, the family is viewed as a major institution whose role is to foster gender inequality through the socialisation of children and subordinate women by forcing them to conform to feminine stereotypes (e.g, Greer G, 1970, The Female Eunuch). Postmodern feminism based on Foucault ¡Ã‚ ¦s work explicitly criticises the emphasis on the family as  ¡Ã‚ ¥the unit in charge ¡Ã‚ ¦ (Sarup, 1993). In order to carry out its functions, the family relies on differential relationships (Broderick, 1993). Coole et al (1990) point out that the functional needs served by the nuclear element of the nuclear family are neither exclusive nor universal which indicates that differentiation it is not essential to the performance of the vital functions of the family. This means that the social roles of wife and mother as conceived by liberal feminism are a gendered and manufactured choice. The differential relationships that identify the roles of wife and mother are part of the nuclear family model promoted by patriarchal ideologies for more than one hundred and fifty years (Coole et al, 1990; p43). This suggests that the one or some of the roles ascribed to the family by other feminists may be more accurate. Despite the differences, feminism ¡Ã‚ ¦s main assertion, that gender identities and roles are socially formed, makes the theoretical proposition that a social and political explanation (patriarchy) can be given for male dominance and patterns of gender inequality possible (Seidman, 1994). Conclusion The strength of feminist perspectives on patriarchy is that most of them have been developed from the standpoint of women ¡Ã‚ ¦s lives (Seidman, 1994) and yet this is also a criticism  ¡K what women ¡Ã‚ ¦s lives does the standpoint reflect? If feminist perspectives of patriarchy are to be useful they must not only make sense structurally, they must also make sense of all women ¡Ã‚ ¦s lives. Lesbian, Black,  ¡Ã‚ ¥Third World ¡Ã‚ ¦ and post-colonial critics have demonstrated some of the limitations of western feminist agendas that prefer patriarchal accounts of equality to racialised and cultural accounts (Burman, 1998). For example, the promotion of reproductive choices by western feminists in the 1970s focused on contraceptive and abortion rights. However, many women at that time were being discriminated against because of their colour, sexuality or physical abilities and were fighting to keep their children, born and unborn (Burman, 1998). Whilst these criticisms of western feminist raise questions about how and why the priorities of the issues and campaigns these women cho (o)se to think and act on were agreed, they do not suggest an alternative account of inequality in which the public and private oppression of women is explained (Seidman, 1994). Critics are however right to point out that the feminist account of patriarchy developed by western liberal feminists needs to be expanded to ensure that the experiences of more women can be included but they must also acknowledge that the priorities and concerns of liberal feminists have resulted in some of the most far reaching and important education and legal reforms of this century taking place in the last the last twenty years. These reforms particularly reflect the western feminist concern with differential relationships. In the area of social policy and the law, reformers have begun to focus on protecting the individual rights of vulnerable household members  ¡V women, children, and the elderly (MacLean Kurczewzki 1994) at the expense of patriarchal privilege. Crucially, whilst the law has become aware of the potential for the exploitation of family members and in acting underlines the importance of public attitudes and legislation in maintaining gender inequalities and differential relationships; the reform approach cannot be seen as an open acknowledgement that socialisation patterns and family arrangements are male dominated (MacLean Kurczewzki 1994). Following the vote of the General Synod in 1992, the ordination of women in the Church of England has challenged hundreds of years of patriarchal authority and tradition in the church. The implicit relationship between individual men and institutions can be viewed explicitly in the complex provision made to protect those who are individually opposed using the church ¡Ã‚ ¦s own structures. Regardless of the refusal of key patriarchal institutions to acknowledge the extent to which man have been and are systematically and deliberately privileged by their structures and actions, these dominant forms of power can help produce social change, even if they are only attempting to keep in touch with contemporary society (Cooper, 1995). The process of power is therefore open to change and feminist theorists have shown using their account of patriarchy that the  ¡Ã‚ ¥by products ¡Ã‚ ¦ of power (e.g., inequality) can be mediated by the institution which represents it and moderated to be less damaging to individuals (Cooper, 1989).