Saturday, August 31, 2019

Odi Case Study

Optical Distortion, Inc. HBS Case Study 9-575-072 Marketing Management MKT 6301. 002 – Fall 2012 Team Members Young soo Han Kevin Yang Jay Chi Lenny Liao Brad Standridge As of 1974 the chicken population in the US is already in excess of 400 million birds, with slow but steady growth expected through 1980. Given that fact that a great many of these birds live in tight quarters on very large chicken farms, a means of combating the chicken’s natural instinct to peck other chickens is needed. Pecking can actually lead to high mortality rates in flocks (cannibalization), which in turn raises the costs of farming.Debeaking has been used for some time with good results, but it has its own set of drawbacks. The lens developed by Optical Distortions, Inc. (ODI) holds the promise of reducing the threat caused by pecking, without some of the issues associated with debeaking. The specific advantages of these lenses will be discussed in the following report, as will a plan for mark eting this new product. By permanently inserting a pair of sight distorting lenses into the eyes of an egg-laying hen, studies have shown that cannibalization can be reduced from 9% to 4. %. Moreover, feed loss due to â€Å"billing† is substantially reduced relative to debeaked birds, allowing for much greater efficiency in feed consumption (less waste). Finally, given that lens insertion does not inflict the same trauma that debeaking does, egg production is not adversely affected. Given the above advantages, it is expected that farmers could increase their profit from egg sales by more than one-third (37%) simply by employing the use of the ODI lenses (Exhibit 1).Although the potential impact of the ODI lenses is substantial, there are some important assumptions underlying the anticipated value to farmers. For example, one of the biggest financial gains could be in the reduction in feed waste, so the assumption that hens with lenses will â€Å"bill† much less is crit ical. Test results have shown that flock mortality can be cut in half relative to debeaking, so another important assumption is that these positive results can be duplicated consistently in the field.Despite its disadvantages, debeaking is a practice which is familiar to chicken farmers, and the labor and cost associated with debeaking a flock is reasonably well known. It is assumed that a team of individuals trained to perform the lens insertion could process approximately as many chickens in an hour as they would if debeaking were done instead. This would keep the cost of insertion on par with debeaking and would thus lessen the concerns of the farmer. Tied to this is the assumption that a farmer’s own personnel could be readily trained in the art of lens insertion.Should this turn out not to be the case, it could prove nearly impossible for a large number of lenses to be deployed – a small team simply could not address the millions of chickens which would need to be targeted. If millions of lenses cannot be sold in the first year of business, ODI would find it difficult to survive against bigger competitors who are waiting to enter the market. This is thus an area of potentially high risk which needs to be addressed as early in the product introduction phase as possible.Bound up in the assumptions listed above is the underlying assumption that all chickens will respond in more or less the same way to the lenses. There are a number of factors which could allow ODI’s lens technology to quickly penetrate the market. One of the most important is the potential for farmers to experience a large profit increase (> 30% increase) through lower operating costs. Chicken farming is very price sensitive due to its low profit margin (roughly 6% profit on a dozen eggs from a debeaked bird).Use of lenses could allow this margin to increase to 8% or more (Exhibit 1); promoting this possibility should entice many farmers to give the lenses a try. Another key to quick market penetration is the achievement of one or two clear success stories. Given its very small size, ODI needs to focus its limited resources on product introduction at one or two large farms, continuing the focus there until the farmer/owner is pleased with the results. The farmer’s future endorsement of the lens approach would then be invaluable in generating interest from potential customers.As a means of attracting the participation of the first one or two trial farms, ODI could offer free lenses for up to 1000 birds, including insertion labor. It should be noted that penetration of the market can only occur if ODI can supply product in sufficient quantities. Given that there are millions of chickens to be serviced, it is imperative that ODI’s supplier be prepared to likewise supply millions of lenses on a consistent basis. The fact that ODI is bound by contract to a single lens supplier is itself a risk which must be analyzed.From a business continu ity perspective, it would be preferable if ODI could obtain its lenses from two different New World Plastics plants. This would then mitigate the risk somewhat should there be, for instance, a serious product quality issue at one of the facilities. As regards target segment, it would seem that the focus should be initially on farms with a flock size of 50,000 and over, since this would limit the overhead (fixed costs) needed to service these accounts (fewer sales and technical experts required).Also, by focusing on large farms, the sales team could interface with the farms directly, and there would be no need for a â€Å"middle man† to be involved in product distribution. Avoiding this intermediary would help keep costs down. Given the density of large farms in California (flock size of 50,000 or greater), it seems prudent not only to perform the initial product introduction there but to focus the entire first year of business in this single West Coast state. The first yearâ €™s planned production volume is approximately 20 million, essentially the same as California’s chicken population.Success in this region could later force farms in other states to implement the lens simply as a means of staying competitive. Rather than relying on word of mouth alone, ODI could promote its lens technology by participating in both industry trade shows and advertising in the leading poultry industry publications. Moreover, it is also possible that California’s Department of Agriculture could become an ally in promotion of lenses as a viable alternative to debeaking. It is proposed that lenses be sold at a price of $0. 09 per pair, which would in turn provide a profit per pair of $0. 026 (see Exhibit 2).Though the lenses appear to have a value to the farmer much greater than 9 cents, keeping the price in the â€Å"single digits† has a beneficial psychological effect and could help foster the perception that they are a good value. Moreover, if t he price grows much beyond this, the product will obviously be less attractive to farmers who might already be uneasy about adopting a new technology. Given a volume of 20 million units, a price of $0. 09/pair would produce an annual profit of $520,000. This sum would easily allow $250,000 to be directed toward future R&D (so the company can become more than a one-product company).Moreover, there would be more than a quarter of a million dollars remaining to fund rapid expansion the following year (to build a new regional office, for example). Exhibit 1 – Monetary Value of ODI Lenses to Farmers As regards putting a monetary value on the lenses, this can be estimated as follows: a. ($2. 50/hr*3 workers)/225 birds = $0. 033 (cost of inserting a pair of lenses in one chicken) This is essentially the same cost involved in debeaking a bird; for this reason it need not be taken into account when considering the benefits of lenses relative to debeaking. . Proposed cost of lenses to farmer: $0. 09 per pair c. ($2. 40*0. 045) = $0. 108 per chicken (savings in allocation for replacing dead chicken, relative to debeaked flock reduction in flock mortality from 9% to 4. 5%) d. ($158 / ton)(ton / 2000 lb)(156 lb per day / 20,000 chickens) (365 days) = $0. 225 per chicken (annual savings in feed assumes elimination of feed loss due to billing) e. Let’s see how b. and c. above translate into cost of production for a dozen eggs (assuming a chicken produces 22 dozen eggs per year): ($0. 108 + $0. 225 – $0. 09)/22 = $0. 11 per dozen eggs Thus, the cost to produce a dozen eggs would drop from $0. 50 (for a debeaked bird) to $0. 489, and a farmer’s profit per dozen eggs increases from $0. 03 for a debeaked flock to an estimated $0. 041 (assuming a selling price of $0. 53). This means a farmer’s profit could increase by approximately 37% if the lenses were used throughout the flock. Exhibit 2 – Pricing Considerations for a Pair of Lenses Fi xed Costs 1) Headquarters: $184,000 annually (for volume of 20 million pair) 2) Regional Office and Warehouse: $196,000 annually 3) Advertising in Trade Publications: $100,000 annually ) Participation in Industry Trade Shows: $100,000 annually 5) Costs of Molds: $12,000 x 3 = $36,000 (3 molds are needed to produce 21,600,000 pair annually) 6) Licensing Agreement with New World Plastics: $25,000 (per year, must be paid for 1st and 2nd year of production) Variable Costs $0. 032 per pair of lenses (cost to purchase from manufacturer, New World Plastics) So, in the first year of production, if 20,000,000 pairs of lenses are sold, the TOTAL COST would be: [($184,000 + $196,000 + $100,000 + $100,000 + $36,000 + $25,000)/20,000,000] + $0. 032 = $0. 064 per pair

Friday, August 30, 2019

Opportunities and Threats of Toyota

—Fuel Efficiency focus need to keep innovating here, and they have been where they are going to be Rolling out a hydrogen fuel cell car in 2015. They are a leader in this technology as they have been with the plug in electric/gas vehicles. —Continue adapting to customer’s new needs scion – going for our generation of the generation Y, sporty but cheaper models of cars. While the Toyota is known as a family car, the scion is seen as the kids car. Going further, the lexus is known as the exus – going for the people who can spend a little more money, and do not want the super popular cars. —More acquisitions to enter new markets Robotics – created a wheelchair that can be controlled by the mind for people who are paralyzed. They are focusing more on robotics to help the elderly, as they are doing in Japan. This will be great here in America as soon as the Baby Boomers start to retire. Toyota has also dipped their feet into Aerospace and A gricultural biotechnology Average car in the US 11 years old, which is a record. This is at least in part to increasing quality of car manufacturing, making them last longer, but nevertheless, this is an opportunity for all car makers, as people like to upgrade to new technology. Threats —General Motors’ reorganization —VW, BMW~ other cars moving into the fuel efficient focus Honda, Smart cars, Ford, Chevy, Nissan.. They all understand that there is a high demand for these fuel efficient cars with the rising cost of oil, So they are all putting a lot of time and money into the fuel efficiency technology. Also going along with this are the cars that are fully electric and are what I like to call tiny pop cans, like the smart cars. Toyota can lose a lot of —Natural disasters —Emission regulations Emission standards are requirements that set specific limits to the amount of pollutants that can be released into the environment. Many emissions standards focus on regulating pollutants released by automobiles (motor cars) —Higher cost of raw materials One glaring example is the sky-rocketing cost of rubber, a major tire component, which has climbed nearly 74% this year after rising 92% in 2009

Thursday, August 29, 2019

Critically evaluate the banking system in Switzerland Essay

Critically evaluate the banking system in Switzerland - Essay Example In 2002, the FBC called for stricter regulations to combat money laundering and the funding of terrorist activities as well thorough regulations in dealing with assets belonging to infamous political figures. An edict calling for eradication of unidentified overseas money transfers was introduced in 2003. These legislation have aimed at streamlining the structures and offer more flexible systems in order to improve competitiveness. 1.2 The Universal system However, there are several specialized banking groups in Switzerland. The domestic banking market is dominated by eight groups of banks. Two of the largest banks, United Bank of Switzerland (UBS) and the Credit Suisse Group, offer varied financial services that include portfolio management and underwriting. They also participate in the stock market. Switzerland has seen a reduction of the number of banks from more than 600 banks in 1990 to slightly more than 350 in 2004 courtesy of consolidation and mergers. It is the purpose of this paper to look at some of the considerations taken into account by the regulatory authorities (Swiss National Bank & The Federal Banking commission) as they endeavor to provide direction for banking institutions. Deposit acceptance and lending are some of the fundamental functions of banking institutions. A section of this paper will focus on costs and degree of risk associated with banks' lending activity in a rapidly changing financial market. Hanson, J.L. (1974) Mergers bring with them

Wednesday, August 28, 2019

Committee of women in history Essay Example | Topics and Well Written Essays - 1250 words

Committee of women in history - Essay Example This is an edited book, edited by Chaudhury and Boris, and is a collection of personal narratives by various former officials of Coordinating Council for Women in History. They have taken different routes to become women historians and had faced hard decisions of a family life, professional and of political activists in the earlier part of twentieth century. 20 women, who had been connected with this institution, Coordinating Committee of Women in History, came together to find many similar facts and interconnections in their lives. The social and cultural background of these historians had been totally different from one another, but the problems and difficulties they faced were almost identical and were threads of the same social fabric. The intention of the organization had been to encourage women to enter into the profession of historians and fight any kind of gender, social and cultural inequalities through political or social activities. This organization takes many steps to en sure that women are encouraged to become historians.These 20 historians, who have given autobiographical sketches, are the organizers and initiators of this organization, who had fought through discrimination and various battles in their private, professional and social lives.There are explanations how they launched into a career of professional historians. Most of the contributors are from middle class white society, but there are colored and working class women contributors too. These women pursued a career in a dogged way, breaking centuries of paradigm. They have a common ground other than their professional interest. They are hard working, noted and dedicated scholars. They have the strength and determination to rise above difficulties. They were persistent and braved all stormy weathers. They are slightly aggressive and show a healthy amount of pride and self-gratification. They are the intellectuals that any society would be proud of. They have struggled "to change the profession of history, to change historical scholarship, and to change the direction of our own history," (xiii). They had been working for social causes, women's liberations, and human rights, against racism, for peace etc. throughout, along with their professional careers. Determination to have a married life had its own implications on their intellectual lives. Some of them were raising their families while being dominated by men. The society as well as the profession were male dominated. The autobiographies offer throughout their narrative, many important details and reflective arguments about how they preserved their identities and dealt intelligently with many of them; how they continued playing their female roles of daughter, wife, mother, partner and the at the same time, continued their social role of political activists. Simultaneously, they also marched forward in their own chosen professional careers of teachers and researchers. They did not allow themselves to be marginalized or edged out of the race. They did not allow their creativity to dwindle in any way. They continued their resistance and fight throughout their working lives. The organization to which they belonged also gave them support and it remained their anchor through their struggle. There are diverse accounts about male dominated working places and organizations and the supporting role played by CCWH and other supporting institutions. It is more of a sisterly bonding, trying to understand each other's problems while going through more or less identical problems in life. Some of them talk about international cooperation they have received in the process. In a way these are the tales of triumph of emerging feminism in United States. Even though Western countries are far more advanced in gender equality, it is always not very easy to make much headway in an entirely male dominated society, not to mention profession. These voices are personal, political and professional and at the same time, feminine. The coherence they have achieved is praiseworthy. At

Tuesday, August 27, 2019

I want you to do a literature review about how to bring and Essay

I want you to do a literature review about how to bring and maintaining a recruiting a staff of savvy and highly skilled - Essay Example Achieving the satisfaction of the business owners would mean that the best performers are rewarded for their efforts, and management efforts are appreciated as well. This is unfortunately, easier said than done. An organization has to compete with others in the marketplace and in the same or different industry, in order to attract, retain and keep the best employees on their payroll. At the same time, achieving the best fit for positions in different departments and at different levels of the organization is important. A good employee must not only have the proper skills and attributes for the job, he must be able and willing to perform his duties with responsibility and confidence, whether individually or as a member of a team. He must be a self starter but also willing to follow the instructions, dictates and policies of the organization. Where problems arise, he must be able to approach his supervisors and take their advice. In fact an open culture and collaborative friendly appro ach to problem solving have been the hallmarks of the best organizations (Peters & Waterman, 2004). Management by objectives and providing valuable feedback and guidance during interim and annual performance reviews can help the willing and able employee succeed and earn the respect of his peers as well as his superiors (Crosby, 1992). In today’s recessionary environment, organizations are cautious about hiring too many employees. Business has dwindled and consumer confidence is scarce. College and university graduates are having an increasingly difficult time finding and keeping jobs. It seems that the workplace is full of doom and gloom too, with a lot of directives to follow if one is to hold onto his or her job and make it up the career ladder. More and more of the work population are disenchanted with this state of affairs and the result is that the national unemployment rate of 10 percent in the USA is almost constant. The combination of consumer inertia and loss of con fidence in the system means that it will be some time before we overcome this crisis. This review will focus on how to attract and retain the best staff for the longest possible time by making HR a strategic partner in their lives as well as in promoting the objectives of the enterprise. We will be focusing especially on employee retention, workforce turnover, retaining recent graduates and young worker turnover. Employee Retention: How to Retain Employees in a Downturn   The effects of the financial crisis that occurred in the sub-prime mortgage sector in 2007 had spilled over and affected the rest of the world by 2008. It was really disastrous for most of the world’s economies, given that our financial and economic and trade systems are inexorably linked to one another like compartments in a beehive. Any problem that spills out of control can affect and contaminate the world’s economies in a matter of days or weeks. Since the USA is one of the world’s bigges t economies, its links through economic and trade relations would affect all of its trading partners in some measure, and that is exactly what happened. With the world’s major markets in a nosedive, the situation looked gloomy for a lot of world economies. Even now, most of the EU nations are looking

Monday, August 26, 2019

One personal ethical issue and one corporate Research Paper

One personal ethical issue and one corporate - Research Paper Example The company was found to have a lot of unsettled debts, suspicious financial records, failure in giving its financial reports or disclosing it liquidity state. The organization is accused of supporting the political interest of the political bigwigs in the country, at the expense of delivering better services to the country’s people. Oil industry is a great contributor to the Nigerian economy (Ajayi, 2011, p.A8). If well managed, (Ajayi, 2011, p.A8), the revenues generated can boost the infrastructure and social amenities of the country such as education and health to greater heights. The management of the corporation colludes with the political bigwigs in return for selfish gains of appointments to higher offices. Good management and financial transparency is what the organization needs to fulfill its corporate social responsibility. Personal ethical issue on the other hand regards how a person judges an occurrence, event, or a subject based on morality as to whether it is right or wrong. This is shaped by the social settings of the different individuals. While in my opinion the abortion by a Schoolgirl as wrong and immoral, another individual may look at it as beneficial to enable the Schoolgirl, continue with her

Sunday, August 25, 2019

Examining Economic Differences Between Nations As Caused by the Essay

Examining Economic Differences Between Nations As Caused by the Presence of Education and Higher Learning - Essay Example Although there is an enormous difference in economic/educational knowledge between an American who has a degree in finance or education, and an American who had to struggle to complete a high school diploma, nevertheless the two would most likely still be able to agree upon a fairly straightforward idea: formal education indubitably enhances one's ability to become a valuable employee, and therefore a contributor to our comparatively wealthy nation. Money is on our minds, and education is almost universally accepted within this country as the means by which to build our fortunes. Within the next few pages, the aim of this paper is to illustrate with facts and figures more of the mechanics of the answer to the question above. The focus will be upon politics and the history of one particular developing nation, Liberia. First of all, let's look at the evidence that Americans see education as the key to opportunity. On a typical day, it is almost guaranteed that msn.com will tout at least three new articles from one, if not all of the following topics: "finding the best college" "the best college for your money," "how to save for your child's education," "finding the most lucrative major," "where to find baby's first SAT guide to ensure that he is able to get a 1600 before other kids can walk." The article dujour for April 12 is somewhat subdued, and we see only a few articles on money and/or education: "Tax-day Aftermath in 19 Cities," "Saving Family Fortunes," and last but not least, "Preparing for a High-Paying Job." We are focused on finding both the best education for ourselves AND for our children. Can any of us really deny the powerful, but mixed feelings (awe, admiration, maybe a little bit of envy or self-consciousness) we would have upon meeting someone who non-chalantly declares that he o r she recently completed a master's degree for some convoluted area of study (we're not even sure what a person with such a degree will do with it) from a very sexy, name-brand college "Certainly," we think to ourselves, "this person has it made when it comes to finding a job." The Black Collegian states, "we launched this magazine with the conviction that earning a higher education was among the most important, transformative and uplifting opportunitites in a young person's life-and the most challenging. This remains as true today as in 1970." (The Black Collegian, 4) Although, as with everything, there are exceptions to the following statement, it cannot be denied that the majority of Americans will agree that it is wise to pursue a quality education, if one desires to attain a certain level of comfort, and the career necessary for achieving that lifestyle. It can be said that although atypical of every single citizen of the United States, there are also those who see education as more than a means to a financial end, who hold academia dear to their hearts not only for the monetary rewards that it holds, but also for the sake of learning itself, and who will argue strongly against anything they see as threatening to their education: "Intellectual freedom-the freedom to ask questions, to uncover facts, to speak independently without fear-is the foundation of our democracy and remains of critical importance, especially in a time of crisis,"

Saturday, August 24, 2019

By contrasting these seven works, discuss the idea of the self (me, Essay

By contrasting these seven works, discuss the idea of the self (me, the artist, my portrait, my body) and what leads the viewer to identify with these works - Essay Example Organized loosely around the principle that a mimetic representation is one that "looks like" the subject, or more specifically has a photographic component to its content, then the self portraits of Chuck Close, Bruce Nauman, Andy Warhol, and arguably Christian Schad are mimetic in nature. Provisionally, while the Christian Schad painting lacks a photographic realism that the others to some degree or another elicit, the facial features of Schad in the self-portrait insofar that they are meant to correspond to the actual features of someone's face do so successfully. One could reasonably suggest that they could imagine a human being looking like the character in the Schad painting. This notion of being human plays an important role in our theoretical development of identity. Our responses to human facial features are deeply programmed into our biology, our ability to recognize pain, ecstasy, surprise or indignation based on the slightest of facial movements is highly refined. Moreove r, our penchant to anthropomorphize animal behaviors speaks to our deep desire to "find the human" in our world. Our concept of identity and self is intimately tied to the species of which we count ourselves as members. Thus some of the other pictures such as the Picasso, or The Tree of Life, or Psyche do not immediately strike us as examples of real people depicting their identity. This resistance derives from an inherent preference for human features, namely the eyes in order to properly judge identity. This preference is intimated by the phrase, "looking a person in the eyes," in order to gather something about who they are as people. This sort of species-mimetic cage of identity of self is exactly the sort of prison that the works of Ana Mendieta and Gina Pane are explicitly trying to escape. Though interestingly the photographically influenced works are not totally submissive to this warden of identity and each in their own way seeks to subtly subvert this dominant paradigm. Chuck Close is most intimately associated with the Photo-Realist school, whose emphasis was on technical mastery and detail. Though Close has worked with a number of different media formats, in this screenprint a photo is gridded and each individual block is then transposed onto a larger canvas. The work is intentionally pixilated to foreground this method, and as a result the notion of a photo-realistic portrayal of Close is oddly transformed into a somewhat fuzzy understanding of the identity of Chuck Close. One can choose to parse that in any number of ways, possibly that one "true" identity can never be literally transposed anywhere. Bruce Nauman's, Self-Portrait as a Fountain, seems less concerned about the nature of identity transposition and more focused on analyzing the semiotic chain between self and object. One might suggest that the print is a picture of some person spitting water out of his mouth and little else. The evidence for this is in fact compelling. Because of the photo-realistic image we are in little doubt that that person is or was in fact a human in existence somewhere in the world. In this sort of tactically blunt interpretation it might also be held that the water flowing out of

Respons Essay Example | Topics and Well Written Essays - 1000 words

Respons - Essay Example I agree with the author because using phone while walking is dangerous as it distracts a person from external environment and causes accidents and even death. Many a times, people underestimate the negative consequences of using a cell phone while walking or driving. For instance, last week while I was walking along the side way, I saw a young man talking on the phone and crossing the road. In a second, I could here is scream as he was hit by a car and injured his leg. Here Matt Ritchell is right in focusing on multi – tasking while on phone as it is a very dangerous act. The use of cell- phone can have many adverse effect including legal penalties .It is seen that many times children use cell phone at schools which can get them punishment. Last month, one of my neighbor’s kid was thrown out of class due the use of cell phone during class hours. Even at work, excessive use of cell phone can result in harmful consequences. Few days back my friend’s brother was fired from work due to his excessive texting at work. In the article â€Å"Behavior: Imitation of Film: Heres Smoking at You, Kid† Nicholas Bakalar claims of the imitation of smoking behavior in children due to watching smoking in movies. Generally children have a high tendency to imitate, and smoking is the most easily imitated behavior from movies. According to a study conducted with 6522 children nationwide it was revealed that children exposed to smoking in movies had two and half times chance to start smoking. I agree with the author here as it is a proven fact that children exposed to smoking through movies have a high tendency to end up as smokers in future. It is usually observed that parents and government authorities ignore the effect of smoking in movies on young children. When last time I visited movies, I have noticed bunch of young children smoking outside the theatre.It could be that these children were regular visitor to

Friday, August 23, 2019

Is the U.S. in a position to lecture the rest of the world about moral Research Paper

Is the U.S. in a position to lecture the rest of the world about moral behavior - Research Paper Example 5. The U.S., being the most influential country in the world, has the unique ability to persuade other nations to reconsider immoral behaviors. Con: No the U.S. not in a position to lecture the rest of the world about moral behavior because†¦ 1. The U.S. has a long history of discrimination against non-whites, a circumstance still evident today. 2. The U.S. sends its military to fight political wars that cause hundreds of thousand of deaths worldwide. 3. The U.S. rarely acts to prevent or intervene in genocides such as Darfur, Rwanda, Cambodia and now Syria. 4. Americans weigh more, per capita, than the citizens of any other nation while thousands worldwide die of starvation every day. 5. Many countries and all of Europe think the U.S. stance on capital punishment is immoral and transfers that sentiment to its government and people. President Ronald Reagan is often quoted referring to America as a â€Å"shining city on a hill.† It is the world’s most prosperous nat ion with the greatest military in history founded on the democratic principles of freedom and justice for all. Millions of immigrants have poured into the country with promise of a life free from the shackles of oppressors in their home countries. America is the â€Å"melting pot† of the world, a grand experiment that has been the foremost example for many governments and societies that also wanted to recreate the â€Å"American Dream† for themselves. What better nation to teach the rest of the world about moral behavior? Some, in fact many millions may answer nearly any country besides America due to its own human rights and foreign interventions record. American’s are the most prosperous people in the world and are also the most charitable, a measure of their collective morality. The American people give more to charity both on a per capita basis and as a percentage of GNP (gross national product) than any other society in the world. Its richest citizens donat e the most by dollar amount and its poorest citizens give the biggest share of their income. (Eaves, 2008). America is also well-known for giving generously and quickly to help people of other country’s in the aftermath of disasters such as the earthquake in Haiti, the nuclear meltdown in Japan and the tsunami in Southeast Asia just to name three of many. Unfortunately for millions more in other nations, America is also known to ignore instances of genocide. The world remembers how U.S. bomber planes targeted arms factories next to Auschwitz but not the concentration camp’s crematoria or gas chambers nor did the U.S. intervene during the murderous rampages of Cambodia during the 1970’s or Rwanda during the 1990’s. The intervention in the Balkans â€Å"ethnic cleansing† horror was about a year late while the U.S. waited for a consensus from other nations before acting. Just last year Secretary of State Hillary Clinton commended Syria’s brutal dictator Bashar Assad calling him a â€Å"reformer.† (Medoff, Thane Rosenbaum, 2012) The U.S. has condemned but not acted upon the oppression of women around the world. Women are treated worse than slaves in several countries. America, however, is a moral example for the world with regards to women’s rights. Women aged 40 and younger have always enjoyed reproductive rights and equality, more or less, in the workplace. (Hossain, 2012). America does not have the high moral ground when it comes to minority suppression though. From the

Thursday, August 22, 2019

Letter Assignment Essay Example for Free

Letter Assignment Essay Dear Mr. Steinfatt:  I would like to respectfully request for a letter of recommendation to help support   my application for a part-time job as a Financial Advisor.   It would be an enormous benefit on my part because I am a foreign student and I have yet to obtain my degree. I am currently a junior majoring in Finance and International Business in (state your university). I have been your student online in the course (pls supply the course name) beginning (state the date when you started the course).    I find the lessons very useful and enjoyable at the same time, and definitely beneficial in the career path I am going to take. I really appreciate how approachable and helpful you have been, patiently and promptly answering all my questions. It has truly been enlightening, and I am very much grateful to you. I have stated in my resume that (cite anything you would like from your resume, something impressive or will help you get the job).   I am a very organized and determined worker, greatly persevering, and cooperative.   I am also extremely adaptable and quite a fast learner. Carmen Adriana Halabi May 21, 2010 You may address your letter to (name and title of person you would like the letter to be mailed to) preferably before (give reasonable deadline),   if it is agreeable with you. I have enclosed a preaddressed stamped envelope for your convenience. You may contact me through the details I have provided (if you indicated them above. If not, you may state them here) in case you wish to discuss this matter further.   Thank you very much for your kind assistance. It is genuinely appreciated. Sincerely,      Carmen Adriana Halabi Works Cited    Courtland, L.B., John, V.T.   Completing Business Messages.   In D. Parker, R.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Butera, M. Boos (Eds.), Business Communication Essentials (3rd ed., pp. 165-   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   167).   Upper Saddle River: Pearson Prentice Hall. 2007. Niznik, J. Steven. Webster’s Secretarial Handbook, Second Edition. 2000. â€Å"Sample Business   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Letters.† 21 May 2010http://jobsearchtech.about.com/od/letters/l/bl_block_p.htm.

Wednesday, August 21, 2019

Impacts Of Industrial Urbanization On Working People History Essay

Impacts Of Industrial Urbanization On Working People History Essay Urbanization is a social process in which a countrys organized communities become larger, more specialized. There are both negative and positive consequences of this process. It involves a lot of economic , technological demographic, political , environmental factors and it is inevitably accompanied by other changes in society. Before moving on to industrial urbanization and its impacts , history and life of native people would be discussed. A lot of Native peoples lived by hunting and gathering. Agriculture was established between the Iroquoian groups (Huron, Iroquois, Petun, Neutral).Clothing was provided from fur bearing animals and silver and copper was used to make ornaments. Trading was common at that time but there doesnt seem to have any specialized merchant class. French and british traders began to buy furs, and in return they offered iron tools, weapons and alcohol , all of which the native peoples valued highly. This resulted in economic and cultural changes among the native peoples, who were to play a critical role in the early fur trade. Canada was a largely per-industrial agricultural society at confederation in 1867. People belonged to large families and lived on farms. Farms were only source of income for them as they often supported entire families generation after generation. Urbanization process passed four major phases. Canada became an urban nation quite early as compared to others. The first stage began with the founding of Quebec in 1608. Quebec City, Montreal, Halifax and St Johns tended to be the administrative centers. From the mother country there were entrepots, collection agencies for colonial staples and distribution centers of manufactured goods. Primary connection was the overseas metropolis because of which there was lack of significant connections with other towns in the colonies. Dependence on water transport powered byu wind and sail was another common feature of urban centers during this period. Fishery and fur trade were exploited by permanent European settlers who came to Canada. Due to the reason that the climate and soil were not encouraging, agricultural progress was slow until the end of 17th century. English-speaking merchants engaged in the fur trade; after the Conquest (1759-60), when many British businessmen began to control a large portion of the fur trade from Montreal, they also quickly extended their interests throughout commerce and finance.. The population grew through natural increase and through immigration from Britain. The good agricultural land in the St Lawrence Valley had almost been taken up by 1820s. In 1821, after the North West Company merged with the Hudsons Bay Company the transcontinental fur trade was no longer managed from Montrà ©al. By that time Upper and Lower Canada had developed an immense trade in timber, which went first to Britain and then, after mid century, to the US and domestic buyers. Second phase of urbanization started in early 1800s and was marked by the increasing control of commercial interests. By dominating their immediate region several cities began to assume metropolitan functions. There was a move away from an exclusive reliance on staples export to a new concern for regional and inter regional commerce and small scale artisanal production for a local or regional market. Industrial revolution took place in 1815 and 1914. The use of new technologies in transportation was a third aspect of the economic reorientation. In this phase, the form of cities is not readily definable but a number of features distinguish them from both their predecessors and successors. The most important factor was transport which played an essential role in the development of bigger, functionally more specialized towns from 1830. National rail network was established in 1840s due to which a fully integrated urban system developed and the constraints of time and distance . This led to a period of great change in the structure of the urban system and the extent, characteristics and internal and external relations. There was no significant European population until the 1780s in the present-day Ontario, although its waterways were used by the fur traders. There was a beginning of settlement with the arrival of the United Empire Loyalists, British and American settlers, and British troops and officials. export trades in wheat, potash and timber developed and forest land was cleared. A few roads and canals were built, of which the most important were the Welland Canal and St Lawrence River canals. most good land in the province had been claimed by 1867, although not all of it was under cultivation. Quebec contained 3 towns, Montreal, Quebec and Trios-Rivieras at the conquest. With settlement and with the development of commerce and government a lot of towns appeared. much of central Canadas industry, including the 2 great industries, milling and lumbering, was dispersed through the countryside or in small villages in 1871. Rapid industrialization and urbanization occurred in both provinces after c onfederation. By 1911 half of Ontarios population lived in cities and towns. less than one-fifth of the Quebec population lived in cities at the time of confederation. Thirty years later the proportion surpassed one-third. Urbanization was undoubtedly the most salient phenomenon in Quebec at the start of the 20th century. Only 36% of the population lived in cities; thirty years later, that proportion had reached 60%. Due to development in industry there was an increased rate in growth of cities. in Montreal the phenomenon was particularly visible, then the industrial hub of Canada. Within thirty years, its population more than doubled, growing from 107,000 in 1871 to 268,000 in 1901 (or 325,000 counting the suburbs). Montreal became Canadas uncontested metropolis when it outgrew Quebec city from 1830 onwards. Population comprised of working class, yet the countrys most powerful businessmen lived there as well. Population growth was slower in Quebec city. Population was just under 60 ,000 in 1871 and still below 70,000 in 1901. In smaller cities such as Hull, Sherbrooke, Valley field, Saint-Hyacinth, Saint-Jerome and Magog industrialization became evident. The largest of these had populations of only 11,000-14,000, but they bore witness to an important transformation in Quebec society. In british north American railway fever came a little late which had a small population and much of its capital tied up in the expansion of its CANALS AND INLAND WATERWAYS. But it did not take long for politicians and entrepreneurs to realize the potential benefits. In 1841 ,the Province of Canada (1841) was an enormous country. Its roads were poor and its waterways were frozen for up to 5 months per year. GRAND TRUNK Railway was the most ambitious pre-Confederation railway project in Canada. It was a bold attempt by Montreal to capture the hinterland of Canada West and traffic from American states in the Great Lakes region. But unfortunately Canadians did not have enough money and technicians to build it. In the process of Industrialization the railways played an integral role, tying together and opening up new markets while, at the same time, themselves creating a demand for fuel, iron and steel, LOCOMOTIVES AND ROLLING STOCK. Wooding-up stations were required at regular intervals along the line and the pioneer wood burning locomotives had huge appetites. James of Toronto made first locomotive in Canada in 1853. (the Toronto No. 2 of the Ontario, Simcoe and Huron). As a consequence, railway greatly stimulated engineering particularly with the demand for BRIDGES and TUNNELS. There were a few inventions by Canadians, notably the first successful braking system (W.A. Robinson, 1868) and the rotary snowplough (J.W. Elliott, 1869; developed further by O. Jull), which made possible safe, regular travel in Canadian winters. Zone system was devised by the great railway engineer Sanford Fleming to over the confusion of clocks varying from community to community along the rail routes. Low rolling friction of iron-flanged wheels on iron rails and steam locomotion enabled George Stephenson (the first of the great railway engineers) to design and superintend the building of the Liverpool and Manchester Railway (1830), which began the railway age in England. steam locomotion, the standard gauge (1.435 m) and the rolled-edge rail (bellying out on the underside for strength) were the characteristics of the railway which were established in the early stage. Ind ustries such as tailoring and shoe making were becoming factory activities, and provincial governments began to regulate working conditions from 1870 to 1900. the industries in the cities eventually won the competition with the rural industries.Urbanization started in 19th century because of the industrialization that took place. Because of bad sanitary conditions and diseases, cities still needed many new people every now and again. But gradually with the passage of time there was an increase in number of people and cities. There were several types of cities: cities with textile industry, cities with heavy industry and administrative/commercial cities. Transportation was affected by industrial revolution. Bicycles, steamships and trains made it easier for people to move further away. The third phase, which began with the industrial era in the 1870s and lasted until the 1920s, saw the development of a national urban system that tended to concentrate power in major central Canadian cities, notably Montreal and Toronto. It attracted a steady supply of rural Canadians to the cities. The working poor was the new class that spawned instead. labor force, weak government protection, and social discrimination was faced by these families. Industrialization had caused Canadian cities to double, which brought wealth to the society, but that wealth was not shared. Although industrialization did provide thousands of jobs, it did not create an egalitarian society. With the arrival of railway numerous cities expanded or took advantage of railway development to consolidate their position in the economy. Montreal, for example, which was already the business and financial hub of British North America owing to its port installations, would extend its commercial influence over an increasingly larger zone following the arrival of the railway. The political economy of this industrial era was marked by the emergence of industrial capitalism and its counterpart, the industrial working class. The extent and nature of urban development was dependent on major improvements in the technological capacity of Canada. Science and engineering were systematically applied to transportation, communications, building methods and production. The outstanding physical characteristics of cities were the enormous spatial expansion of the suburbs and the tall office towers of the central core. The social landscape of cities was affected by the changing scale of development. A kind of giant ism prevailed, from the size of suburbs and the height of the buildings in the central core to the organization of new business enterprises and the building of enormous factories. Land use was increasingly specialized. Urbanization also affected cities less closely associated with the railway system. Saint John, New Brunswick, saw its population rise from 27,000 in 1840 to nearly 39,000 in 1861. The rise in population benefited from the growth in shipbuilding and maritime transportation, in particular. Due to this , the proportion of urban dwellers in the colonies as a whole went up from 13% in 1851 to 16% in 1861. The largest cities in British North America were Montreal, Quebec City, Saint John, Toronto, Halifax, Hamilton, Kingston, Ottawa and London on the eve of Confederation. Between 1896 and 1914, Central Canadas industrial advance was especially rapid when the whole nation experienced investment and export booms. A few industries such as carriage-making and blacksmithing declined after 1900. But soon after this new industries appeared like electrical equipment and chemicals in the 1890s, cars and aluminum after 1900, pulp and paper in. 1890-1914 Montreal and Toronto were the great cities of Central Canada by 1867. Montreal began as a port and a commercial centre. By 1900 it was producing large amounts of clothing and textile products, electrical equipment, railway rolling stock and many light industrial products. Finally by mid 19th century it was a place of industry. After 1867, Toronto after a slow and inauspicious beginning, developed after 1867 on similar lines, much of its early prosperity being based on Great Lakes shipping. Both cities had energetic banks and insurance companies and active stock exchanges. Immigrants were attracted to both cities from Europe and Italy. Cities of Central Canada were built by largely natural increase from britian between Confederation and 1914. Atlantic Canada Initially fur trading was common here but later on with serious economic development in the Atlantic provinces really began with the sea fisheries, whose markets were in Europe and later in the West Indies. Some francophone and anglophone migrants arrived during the 17th century on mainland, but the European population was small until the arrival of the Loyalists, partly because there was little good agricultural land. Scots settled on Cape Breton in early 19th century. Prosperity came from the fisheries, forests and maritime carrying trades. Western Canada In western Canada economic development began with fur trade. In 1812, settled agriculture began with Lord Selkirks RED RIVER COLONY. In 1880s the building of the Canadian Pacific Railway gave Manitoba a wheat economy. Prospects for development brightened as world prices rose, transport costs fell, methods of dryland farming improved, and more appropriate varieties of wheat became availablein 1890s. More progress was made and Prairie provinces enjoyed an immense expansion of the wheat economy, onto which was grafted, before 1914, a very much larger rail system, a network of cities and towns, coal mining and ranching. Because of this many migrants were attracted from many lands. T that time Alberta began to produce small quantities of oil and gas. In Early times most of the city dwellers got around on foot; only the richest could afford the services of a coachman or own their own horse but with the urban expansion , organized public transit came into being. In 1861, the first street cars appeared in Montreal and Quebec City. Then by 1982,electric streetcars made their appearance. At the start of 20th century , 46 urban centres had streetcar lines. Electric streetcars inaugurated in 1892 favoured the expansion of suburbs, since they allowed people to live further away from their places of work without having to travel long distances on foot Industrialization and urbanization brought about a lot of changes in work and family by early 20th century. The seniors who had retired and couldnt do any more work ended their lives in poor houses or old age homes, as they had come to be known. In the late 19th century the number of seniors who became poor increased as the process of industrialization began to affect Canadian society. More workers were needed as the factories were built in the cities. In the countryside the population grew to the point that people began to be forced off their farms into urban areas to work for wages. Later on, a revolutionary transformation occurred in human use of energy. Burning of wood to produce heat, plus human and animal muscle power were the biomass energy for human society. Then world entered the age of coal and steam power. It was the beginning of fossil fuel era and this is the era we live in today. the harnessing of steam power enabled humans to vastly multiply the energy generated from b urning coal, thereby greatly expanding the amount of energy. Petroleum was the second major fossil fuel by 1914. There was a significant development in communications and transport. Migration to long distances within continental spaces was done through steamships and railroads. Asian migrants, especially South Asians and Chinese, settled in many parts of the tropical world as well as in the Americas. Standard of living was increased and people were looking for more opportunities than they had in their native places. Another major environmental change was the enormous increase in population growth. The environmental impact of this dramatic population increase, combined with the surges in economic growth and energy consumption, was colossal. In Canada the earliest significant social piece of legislation was the Canadian Government Annuities (Act of 1908). It benefited and encouraged a lot of people to prepare financially for their retirement. With this facility, Canadians began to purchase various annuities for different amounts and leghts of time. There was a specific age when the recipient began to receive benefits from it. This system was carried out very nicely and all the costs were administered by the government. Federal civil servants were given pensions according to superannuation Act in 1870. Then the national pension programs were developed and enhanced more. In 1867, most of the Canadians did not retire. At that time Canada was predominantly an agricultural society. Majority of the population lived on farms and worked till old age as their was no other source of income. Canadian way of living was totally changed by urbanization and industrialization. With the invention of industries and new technology , farm life and family support system was completely dissolved. Before the old people had no choice except to work to earn their living but now they lived the rest of their live in old homes or poor houses.

Tuesday, August 20, 2019

Successfully Trained Employees and their Importance

Successfully Trained Employees and their Importance Lindsay Bootz Starting a new job is often a new learning experience, but it can also be stressful and overwhelming. When employees walk into their new place of employment for the first time, their impressions on the company begin and for the next few weeks they will be training to be an integral part of their new organization. For an organization, training a new employee is a very important process for its success as sales associates are most often the part of staff involved face-to-face with the customers, the importance of their knowledge of the company or products they sell is very high. Great training leads to less expenses, less employee turnover, and better customer service. There are many financial factors to consider when training a new employee. Instruction materials, equipment, wages for both the employee and the trainer all have an impact on the organizations finances. Per Levy, it costs retailers more than $4,000 to replace a store employee (2012 p.440). More than one individual becomes part of the process, often the human resources operations manager, supervisor and/or other employees will be involved in the success of the new associate which will have its own financial setbacks. Going through training materials such as e-learning software, books, and equipment can also use up resources. Hiring skilled employees and retaining them if possible, and having consistent performance reviews to identify more training needs can ensure employee confidence and show them more likely to stay, is one way to keep costs low (Taylor, 2016, p. 3). Hiring a new employee with no experience will take a significant amount of time to properly train and will cost more m oney, on the other hand, hiring skilled workers will require only a short amount of training, typically a week, to help them acclimate to a new work environment thus costing less to train. For example, a company that specializes in lumber will most likely decide not to hire someone more familiar working in fast food if given a choice for the simple fact that it will take a significant amount of time and money to train them. The Model of Excellence was designed by author and trainer Nick Drake-Knight in an attempt to find a better way to train employees and help them retain the information given to them. After extensive research, he discovered that the best sales people all follow a common pattern, a patter which connects (2012, p. 8). The Model of Excellence includes three steps, level one: explicit standards, level two: consistency, and level three: sustainability. All three are meaningless unless used together. The first level, is an explicit set of standards that spell out exactly what is expected of the employees, such as: a daily maintenance list, personal presentation, upselling, and customer acknowledgement (Drake-Knight, 2012, p. 9).   Typically, companies will have a standard time frame for each associate as they go through their training. Training generally does not stick and has little impact after the training sessions are finished as most associates grow bored when subjected to e-learning or classroom type of training. On-job-training would be ideal but can be more difficult to train as situations arise. Since the common way of training employees does not seem to work, it is important to implement the explicit standards as a way for employees to know their job even after their training is complete. Consistency, level two of the model, is a major goal that managers will strive for. Consistency means everything will stay at the same high standards, all the time. The managers that are best at achieving as much consistency as possible are aligning it with level one of the model, and including themselves as part of the selling process. A bad example of consistency is allowing an employee to go through training and months down the road giving no feedback as to their performance and keeping them in the dark about new company procedures.   Training should be done every day along with practicing correct sales procedures; managers can make sure this gets done by recapping goals and quotas throughout the day, actively staying part of the team, and holding regular meetings to keep associates up to date on store news and training. Sales training is a waste of energy (and worst of all hope) unless it is made sustainable (Drake-Knight, 2012, p. 17).   Training is usually something that does not go far after the training events are finished. Much of the information tends to get lost and employees must ask questions later about a subject they should already be familiar with. Sustainability, level three of The Model of Excellence, says that training should be sustained long after training is finished (2012, p.18) Momentum Management is the key to sustainability, it is a way to keep training consistent and constant throughout the day. It is like on-the-job training, but comes when the time is necessary.   For instance, if a manager overhears an employee answering the phone with the incorrect script, they can correct the employee after they hang up and inform them of the correct thing to say. Practicing sustainable techniques are a sure way to be involved and ensure that employees are being trained corr ectly and handling their jobs well. The Model of Excellence shows that with these techniques, after training is complete, with all three levels being used to their full potential, it could be beneficial with making sure employees know their job well, and are continue to learn as they continue their careers. As employees are the face of the store, it will always be important that they are properly trained. Staying consistent and sustained will make sure of that. Another simple solution to be sure an employee is getting the proper training and knowledge they need to handle their new job is to have better structured orientation at the beginning of employment. In her book New Employee Orientation Training, Lawson begins to compare the typical orientation session to a more successful approach. Typical orientations at an organization are generally presenter centered and tend to be boring for the applicant. The employee does not have much room to participate aside from only listening. Bored employees do not tend to retain the needed information to perform their jobs well and thus feel incompetent on the job. This could be a culprit of why the turnover rate is so high. Four percent of employees leave their jobs after the first day, and within thirty days know if they feel welcome or unwelcome in the work place (Lawson, 2016 p.4). A solution to this type of orientation is to have a more interactive and hands-on environment for training. Socializing the new employee and helping them integrate into their new workplace from day one of training can help them increase engagement in the workplace, better job satisfaction, and of course better job performance. Socializing also gets them involved in the workplace before the training is complete, employees can interact with the new employee and begin to adapt to one another (Mujtaba, 2006 p.262). In other words, taking the time to properly train and teach new employees how to do their jobs is worth the investment as they would not quit as quickly causing need for hiring new employees. It could also be beneficial in the sense that the employer would not have to pay for any mistakes the employee could potentially make. Having improved training programs for employees are critical to the employees success and especially to the employers success in keeping the business running smoothly. Employees that are not trained properly can end up wasting not only their time but another employee or managers time when they do not understand how to solve a problem. Proper training will also provide better overall customer service and more customers returning. When a customer enters an establishment, they expect to get help when they need it and that the employee will be knowledgeable on the product they are interested in. As training is the employees first impression into a company, it is important to get it right. Although many finances are part of the training process, it is important to make sure the employee is knowledgeable in all areas of their job. For instance, executing The Model of Excellence is one way to ensure a constant training of employees which also keeps them motivated. When employees are motivated and sure of what their job consists of, it shows a lower turnover rate for employment which is great financially and from a customer service standpoint. Customers enjoy seeing the same people and getting great service in the process. A well equipped employee is one that will be able to give the best customer service. To sum it up, Training is a very important part of a companys process for hiring new employees. Some companies tend to have a higher turnover rate due to poor training and lack of knowledge about the organization or product they may be selling. It is worth spending more time and resources on one person, than to spend them all repeatedly on the same failing training program. Employees should be treated like assets to their organization and get the proper tools they need to learn their job efficiently.   Proper training results in less finances wasted, less employee turnover, and a more fulfilling customer base.   References: Drake-Knight, N. (2012). Training and coaching boost performance of sales staff at BQ. Human Resource Management International Digest, 20(1), 14-17. doi:http://dx.doi.org.ezproxy2.apus.edu/10.1108/09670731211195918 Lawson, K. (2015;2016;). New employee orientation training (1st ed.). Alexandria, Virginia: Association for Talent Development. Levy, M. Weitz, B. (2012). Retailing management, 8th Ed. New York, NY: McGraw-Hill. Mujtaba, B. G., Sims, R. L. (2006). Socializing retail employees in ethical values: The effectiveness of the formal versus informal methods. Journal of Business and Psychology, 21(2), 261-272. doi:http://dx.doi.org.ezproxy1.apus.edu/10.1007/s10869-006-9028-3 Taylor, T.C. (2016). The cost of training new employees, including hidden expenses. Retrieved from https://www.adp.com/thrive

Monday, August 19, 2019

Free Essay: Metamorphosis of Dimmesdale in Nathaniel Hawthornes The Scarlet Letter :: Scarlet Letter essays

The Metamorphosis of Dimmesdale in Scarlet Letter In The Scarlet Letter by Nathaniel Hawthorne, there are many characters that transform; one of them is Reverend Arthur Dimmesdale. Dimmesdale committed a great sin of the puritan society, he slept with another mans wife and Hester Prynne became pregnant. Hester was punished for her sin but Arthur Dimmesdale had not admitted to it, so he lives with this guilt and it is much worst for him because he is a puritan minister. Dimmesdale inflicts punishment upon himself because of his adulterated sin. Dimmesdale transforms throughout the novel always in the same place "The Scaffold." The town is all out to witness the punishment of Hester Prynne some of the women are suggesting other punishments and the women are telling us about Hester and Dimmesdale. People say," said another, "that the Reverend Master Dimmesdale, her godly pastor, takes it very grievously to heart that such a scandal should have come upon his congregation." (Page 49) Reverend Dimmesdale is seen as a godly man. A man who does not commit sin and in his own mind at this point he feels fine and does not have any guilt. Dimmesdale at this point in the novel is seen as godly and throughout the novel is seen as godly even at the end after the last scaffold scene. Consequently enough, Dimmesdale is trying to convince Hester to reveal the man who has sinned along with her , so the man can be relieved of his guilt, some what ironic because he is the man who has sinned along side with her. "What can thy silence do for him, except it tempt him--yea, compel him, as it were--to add hypocrisy to sin? Heaven hath granted thee an open ignominy, that thereby thou mayest work out an open triumph over the evil within thee and the sorrow without. Take heed how thou deniest to him--who, perchance, hath not the courage to grasp it for himself--the bitter, but wholesome, cup that is now presented to thy lips!" (Page 65) This is the first scaffold scene Reverend Arthur Dimmesdale is not showing any signs of guilt at this point, he is still fairly the same and has not began to inflict punishment on himself or so it appears. Dimmesdale in the first scaffold scene seems fairly normal and has not begun to transform himself but by the next time we see him at the scaffold he is taken a turn for the worst.

Sunday, August 18, 2019

Essay --

Cognitive Psychology and its influence on Everyday Behaviour Throughout the ages, humans have had an inherent interest in studying the complex area of human behaviour, even before psychology was established as a science. Because the study of behaviour is so broad and multifaceted, its scientific study poses particular challenges. Therefore, it can be beneficial to approach the scientific study of human behaviour from the perspective of cognitive psychology. This is the study of cognition, the mental processes that underlie human behaviour (Ling & Cattling, 2012). This paper will explore the extent to which cognitive psychology can explain and predict everyday behaviour by critically examining a number of cognitive theories, and demonstrating their application in real world settings. For the purposes of this essay, I have decided to pick three everyday behaviours which tend to be common in the lives of university students, and approach the analysis from this angle. The essay begins by exploring the area of multitasking behaviours, and cognitive theories surrounding the area of divided attention and its effects on daily life. From here, the phenomenon of binge drinking among college students is discussed, in particular the effect it has upon remembering in an everyday context. Finally, the tendency of college students to spend large amounts of time listening to music is evaluated, with a particular focus on why it is that music can make individuals feel a particular way, tapping into the area of cognition and emotion. This essay will discuss in detail the contribution of cognitive psychology to our understanding of these behaviours. College students in the 21st century are a part of the so-called digital generation. Technology has... ...tion regulation is a crucial motivator for listening to music (Lonsdale & North, 2011). As such, cognitive theories are able to predict that listening to music has the ability to evoke an emotional response in student listeners. This essay explores the ability of cognitive psychology to explain and predict everyday behaviours. It explores three entirely different behaviours common in the everyday life of a student, multitasking, binge drinking and listening to music. For each of these behaviours, a general background is given to explain the behaviour. This is followed in each case by an analysis of some of the key cognitive theories which explain these behaviours. Finally, examples of the behaviour being carried out in the daily life of the college student are discussed, thus displaying the ability of cognitive psychology to successfully predict everyday behaviour.

Educational Goals and Philosophy Essay example -- Reflective Writing T

Educational Goals and Philosophy Teaching is a complex occupation that requires as much empathy and emotion as it does educational skill. I had always dreamed of becoming a teacher, and realized after having my own children, that I would not truly be fulfilling my purpose in life if I did not pursue this dream. As a volunteer at the elementary school in my community, I loved the environment and took tremendous joy in watching the children learn. I felt that I had the ability, along with the dedication and desire, it would take to become a full time educator. To achieve this goal I will strive to give my students a positive beginning, provide confidence in their individual abilities, and prepare them for different aspects in life. I plan to teach elementary education, Kindergarten through the sixth grade. I sincerely believe that a child’s first experiences with education help to determine the path that child will choose to follow. The primary years of education sets the pace for an academic career through learning skills in conjunction with an optimistic outlook. A positive, or negative, first experience can determine a child’s attitude toward learning for the duration of a lifetime. I feel that each student has the potential and ability to gain knowledge, though each may have a different learning style. It will be my job, as a teacher, to experiment, explore, and determine the correct technique for each individual. In order to achieve this goal, I will need to be aware of the student’s personality, academic level, and any risk factors that child may have. I will work to inspire, motivate, and instill the confidence needed for each child to reach his/her full potential. I feel the purpose ... ...West Virginia. Once my career has been established, I will join the National Education Association. I will continue my education by pursuing my Master’s degree and attending various seminars and workshops. I want for myself, as well as my students, to be lifetime learners. I plan to stay up to date on current methods, ideas, and curriculums so that I can transfer the knowledge to subsequent generations. As I step closer towards the door of accomplishing my dream, I become more enthusiastic each day. To have the ability to influence, empower, and shape a young mind is breathtaking. I will strive to teach each child in a way that will meet his/her individual needs and support him/her to become all that is desired. I will indoctrinate the required knowledge along with other aspects of education that will benefit my students. â€Å"I† will make a difference.

Saturday, August 17, 2019

Intelligence and Wisdom Essay

Intelligence is an abstract term whose definition depends upon current social values and scientific ideas. Intelligence is the ability to understand and learn from experience or in other words, it is the ability to retain and acquire knowledge known as mental ability. An intelligent person has the capacity for adequate reasoning, problem solving, learning, communication and planning (Gillespie Diane, 1992. Intelligence is the ability to learn from, understand and interact with the surrounding environment. In the modern society, intelligence refers to a variety of mental capabilities such the ability to solve problems, reason, learn quickly, learn from experience or comprehend complex ideas. The concept of intelligence is related to thinking capacity of an individual and ability to apply wisdom in solving certain problems. An individual’s intelligence is measured or obtained through intelligence quotient tests. The tests aim at measuring the capacity of an individual to solve problems and reason. A good example in real world situation of an intelligent person is Bill Gates who developed Microsoft. Ranked as one of the world’s wealthiest people, Bill Gates came up with a software company that is in use today. He used his intelligence and today Gates is a known entrepreneur and promoter of computer revolution. Bill Gates used knowledge a reflection of how wise he is to come up with software widely used by computer operators. This leads to a close link between intelligence and wisdom as is applicable in an individual’s life. There are certain aspects of individual’s intelligence that do not measure up to the expected standards of life and these needs improvement. Some individual’s use their brain or knowledge to violate laws and other ethical aspects which is illegal. For instance, hackers use their intelligence in information technology to access other people’s information, which is unethical. Wisdom is a common term applied in real life situations and it is a Biblical term that was given to David. Wisdom means accumulated knowledge that reflects a test of time and it means the ability to discern information for truth. Wisdom is gained through personal triumphs or traits and both positive and negative experiences in life (Wagman Morton, 1993) Exposure of an individual to life experience is very important as a means of measuring intelligence. Wisdom is a reflection of values and criteria applied to an individual’s knowledge and helps individuals to differentiate between wrong and right. Wisdom relates to the ideas of intelligence in which wisdom is the practical concept of successful intelligence. This means that for an individual to be intelligently successful, he or she should apply traits of wisdom (Barsalou Lawrence, 1992) Knowledge is of essence because an intelligent person has thorough knowledge and experience in many life experiences. Intelligence encompasses the application of various wisdom traits such as perceptions and insight to produce desired results. Wisdom can be measured through observation of an individual’s action which is supposed to be consistent with his or her ethical considerations. Self-knowledge is another measure of a wise person which reflects intelligence in an individual. In this aspect, King David is a good example of a person who used intelligent when he killed Goliath with a sling but does not show wisdom because he just aimed at the forefront which was not protected. It is a Biblical teaching that relates to psychology of mind and application of natural intelligent to overcome certain problems.

Friday, August 16, 2019

P&G vs Unilever Executive Summary

Unilever and P&G – Comparative Analysis Executive Summary The Consumer Products Industry is the biggest industry in the world at the moment, with total revenues amounting to about 50% of all goods sold. It is comparable to the GDP of the 4th biggest economy in the world, and entails most of the products we use in our every day lives. There are 3 key factors that drive the industry today: developing markets, the emerging middle-class of developing countries and the millions of baby boomers in developed markets.The industry faces many challenges nonetheless, such as an increase in prices of raw materials, crude oil, crops and commodities – especially oil prices; the constant broadening of the industry caused by globalization; and an increasing tendency for consumers to shop at mass-discount shops rather than the well-established companies within the Industry. The main players in this industry are Unilever, P&G, Nestle, Johnson &Johnson, PepsiCo, Mars and Henkel. This repo rt focuses on the comparative analysis of Unilever and P&G. Some of P&G’s most famous brands are Braun, Gillette, Oral-B and Pantene.These and the top 50% of most well known brands account for 90% of P&G sales and more than 90% of its profits. Furthermore, 25 of these 50 brands go as far as generating more than $1 billion each in annual sales. Overall, the company markets its brands in over 180 countries across the Americas, Europe, the Middle East and Africa (EMEA) and the Asian region. Despite the recent crisis, P&G continued to experience growth due to a strategy of â€Å"investments in innovation, portfolio expansion, marketing support and consumer value†. The company is also investing $2 billion in R&D annually.As for Unilever, the company owns more than 400 brands, and 2 million people use Unilever an product on any given day. Unilever is based in 100 countries and sells products into more than 150. The long-term goals are continuous improvement and developing a sustainable business, and the company has over 6000 people working in R&D across the globe for a total of $1,3 billion worth of R&D investments in 2011. In terms of financial comparative analysis, market Ratios for both companies show that Unilever and P&G are attractive investments for investors.P&G has a higher EPS on average and is a more preferable investment currently for investors looking for high returns. The market ratios also show that Unilever has been improving its earnings and has a higher earning potential in the future as its EPS, P/E and payout ratio have been improving over time. P&G on the other hand currently has a higher yield as shown by the Dividend Yield ratio but its performance seems to be declining gradually as evident by the worsening Market Ratios.The Liquidity ratios of both companies clearly point out to the fact that the companies are not in a position to meet their immediate liabilities. However, this is not a matter of concern as both companies are la rge, stable and established businesses. The liquidity ratios show an adverse situation for the companies even though they are healthy otherwise. This is because the industry is such that the companies must have high current liabilities over extended periods of time and low assets due to very fast inventory turnover rate.The consumer goods industry requires that a company’s inventory turns be fast and the accounts payable be large over long periods of time to have a high level of efficiency and consequently profitability. It also assures both corporations a competitive edge and for this reason liquidity ratios must remain low which may seem unhealthy but in reality is helpful in this particular industry. From 2007 to 2011 Unilever consistently had higher growth rates in revenue, operating and net profit. During this time span P&G profit growth rates even were negative.This indicates that P&G is from an absolute point of view still bigger and more profitable, but Unilever is ca tching up. A closer look at the profitability ratios shows that both companies are doing very well with gross ratios of 43,80% (Unilever) and 50,56% (P&G). These ratios are above the 40% industry average and especially P&G is very profitable. This first indication is consistent with the further analysis of profitability ratios such as the net profit margin, which is still is 5% higher for P&G than Unilever.So far P&G has managed the increasing pressure on margins due to increasing raw material prices more successful than Unilever, but has to adjust its cost-structure to stop the ongoing negative trend of the last five years. Regarding efficiency ratios like return on capital ratios the previous dominance of P&G’s financial performance cannot be confirmed. Instead, Unilever outperforms P&G in all efficiency ratios, like the return on invested capital (16,89% vs. 10,42%), the return on assets (11,26% vs. 8,99%) or the return on capital employed (16,66% vs. 14,06%) for the time span between 2007 to 2011.This indicates Unilever outstanding capabilities to allocate its resources to the most profitable investments and to use the assets as efficient as possible. In terms of the debt situation for P&G and Unilever, analysis has shown that Unilever’s business is higher leveraged (D-E ratio 2,13) than P&G’s (1,09). This and the higher efficiency also explain why Unilever’s return on equity is much higher (36,06%) than P&G’s (18,78%). As a result of its high profitability and low debt-to-equity ratio, P&G’s TIE ratio is also much higher than Unilever’s (11,95 vs. ,61). The analysis has shown that P&G is a more conservative financed and highly profitable business whereas Unilever is more aggressive in terms of growth. Unilever already is highly efficient and has grown much faster than P&G over the last five years. If this trend is not reversed P&G will face increasing competition from Unilever in the close future. Weâ€℠¢ve calculated the average over five years for each company’s activity ratios and compared them as such because these ratios seemed to be relatively stable over time.They also appear to be in line with the companies’ strategies and policies, starting with the Asset Turnover being proportional to the return on equity: Unilever has a turnover almost double that of P&G. As we’ve mentioned earlier, fast inventory turnover is a characteristic of the industry, but Unilever seems to be doing better than P&G in these terms as well. We believe that Unilever’s focus on food products gives it a higher Inventory Turnover (9,09) compared to P&G’s household products focus (5,41).This gives Unilever a lower average age of inventory. Unilever also has a higher Day Purchases Outstanding Ratio, meaning they stretch suppliers much more by taking 88,40 days to pays them, compared to P&G’s 65,48 days. Strictly speaking, we would expect P&G to display a higher ba rgaining power to do its much higher Revenue, but this ratio shows a different story. Reasons for this could be due to geography, both in terms of differences in local management and in local regulations, and to the diversity of suppliers induced by the focus on 50 or 300 brands.In terms of the Day Sales Outstanding Ratio, it is P&G that seems to have the better policy this time. They convert Accounts Receivable to Cash in about 28 days versus 35 days for Unilever. Again, although smaller, this difference is important because it can reflect a difference in policies or diversity of suppliers. These two factors combined, low DSO and high DPO Ratios, lead to a negative Net Working Capital such as we had seen in our Walmart analysis. Compared to Assets, P&G has a negative NWC of -27% and Unilever of -20%.In conclusion, both companies show very strong financial health given the crisis, especially compared to the rest of the market. They are defensive values which show that their policies are working to resist the crisis. In absolute terms P&G is doing better as a company because it is a bigger, stronger, established firm. In relative terms the ratios paint another picture though: Unilever has been catching up to P&G in recent years, and their growth and financial management seems to be stronger than that of P&G.

Thursday, August 15, 2019

Business Analysis Of The Print Shop Accounting Essay

The Print Shop and Anglian Digital Solutions have been merchandising since 1998 and prides itself on quality and dependability. We produce both litho-printing aimed at medium to long tallies, and digital printing for print tallies of up to 1000 transcripts. Both of our printing services are backed with our in-house design studio to assist give your concern the border. We like to impart our client ‘s demands right, bring forthing your merchandise in the most cost effectual manner so we have split the company into two different concern watercourses. The Print Shop for all lithographic demands and Anglian Digital Solutions for digital print. All citations are channeled into the right concern watercourse to give you value for money.Accounting:Accounting is the art of recording, sum uping, coverage, and analysing fiscal minutess. An accounting system can be a simple, useful cheque registry, or, as with Microsoft Office Small Business Accounting 2006, it can be a complete record of all the activities of a concern, supplying inside informations of every facet of the concern, leting the analysis of concern tendencies, and supplying penetration into future chances. When you study accounting you are basically larning this specialised linguistic communication. This is because the information required by most organisations is really similar and can be broken down into three chief classs:Operating InformationThis is the information that is needed on a daily footing in order for the organisation to carry on its concern. Employees need to acquire paid, gross revenues need to be tracked, the sums owed to other organisations or persons need to be tracked, the sum of money the organisation has needs to be monitored, the sums that clients owe the organisation demand to be checked, any stock list demands to be accounted for: the list goes on and on.AFiscal Accounting InformationThis is the information that is used by directors, stockholders, Bankss, creditors, the authorities, the populace, etcaˆÂ ¦ to do determinations affecting the organisation and its operations. Shareholders want information about what their investing is deserving and whether they should purchase or sell portions, bankers and other creditors want to cognize whether the org anisation has an ability to pay back money Lent, directors want to cognize how the company is making compared to other companies. This type of information would be really hard to pull out if every company used a different system for entering their fiscal place. Fiscal accounting information is capable to a set of land regulations that dictate how the information is reported and this ensures uniformity.AManagerial Accounting InformationIn order for the directors of a company to do the best determinations for a company they need to hold specific information prepared. They use this information for three chief direction maps: planning, execution and control. Fiscal information is used to put budgets, analyze different options on a cost footing, and modify programs as the demand arises, and control and supervise the work that is being done.ABalance SheetA Balance Sheet is a position study that shows information about the organisation ‘s resources at one given clip. Examples of info rmation found on a balance sheet are how much hard currency is in the bank, what is owed to creditors, and the value of the company ‘s assets.Income StatementAn Income Statement ( besides called a Statement of Net incomes, Statement of Operations, or a Net income and Loss Statement ) is a study that shows the flow of grosss ( sums earned from concern activity ) and disbursals ( sums paid in the class of operations ) over a given period of clip, typically a month, one-fourth, or twelvemonth.Statement of Cash FlowAs the name suggests, this is besides a flow statement that inside informations the motion of hard currency through the organisation over a specified period.AThe whole intent of accounting is to supply information that is utile and relevant for interested paras when doing determinations sing the company and its operations. In order to make that efficaciously, a specific linguistic communication and subsequent regulations have been developed for users of the information. By larning accounting you learn these regulations and can so pass on fiscal information with others in a comprehendible and comparable mode.Finance Operation:It is an authorization which is discerning with finding the criterions and determinations doing. It besides function allocates resources, including the geting, puting, and managing of resources. These maps are performed in all organisations, irrespective of their sizes, legal signifiers of organisation and they contribute to the endurance and growing of the house. Finance maps are concerned with the basic concern activities of a house, in add-on to external environmental factors which affect basic concern activities, viz. , production and selling. Current fiscal factors impacting the finance map include: Pressures to optimise fiscal public presentation Frequent alterations in accounting criterions Increased coverage and revelation demands Increased conformity demandsAccounting Techniques:Control techniques provide directors with the type and sum of information they need to mensurate and supervise public presentation. The information from assorted controls must be tailored to a specific direction degree, section, unit, or operation. To guarantee complete and consistent information, organisations frequently use standardised paperss such as fiscal, position, and undertaking studies. Each country within an organisation, nevertheless, uses its ain specific control techniques, described in the undermentioned subdivisions.Fiscal controls:After the organisation has schemes in topographic point to make its ends, financess are set aside for the necessary resources and labour. As money is spent, statements are updated to reflect how much was spent, how it was spent, and what it obtained. Directors use these fiscal statements, such as an income statement or balance sheet, to supervise the advancement of plans and programs. Fiscal statements supply direction with information to supervise fiscal resources and activities. The â€Å" income statement † shows the consequences of the organisation ‘s operations over a period of clip, such as grosss, disbursals, and net income or loss. The â€Å" balance sheet † shows what the organisation is deserving ( assets ) at a individual point in clip, and the extent to which those assets were financed through debt ( liabilities ) or proprietor ‘s investing ( equity ) . Fiscal audits, or formal probes, are on a regular basis conducted to guarantee that fiscal direction patterns follow by and large accepted processs, policies, Torahs, and ethical guidelines. Financial ratio analysis examines the relationship between specific figures on the fiscal statements and helps explicate the significance of those figures: Liquidity ratios: step an organisation ‘s ability to bring forth hard currency. Profitability ratios: step an organisation ‘s ability to bring forth net incomes. Debt ratios step an organisation ‘s ability to pay its debts. Activity ratios: step an organisation ‘s efficiency in operations and usage of assets. In add-on, fiscal duty centres require directors to account for a unit ‘s advancement toward fiscal ends within the range of their influences. A director ‘s ends and duties may concentrate on unit net incomes, costs, grosss, or investings.Budget controls:A budget depicts how much an organisation expects to pass ( disbursals ) and earn ( grosss ) over a clip period. Sums are categorized harmonizing to the type of concern activity or history, such as telephone costs or gross revenues of catalogs. Budgets non merely aid directors plan their fundss, but besides assist them maintain path of their overall disbursement. Budget development processes vary among organisations harmonizing to who does the budgeting and how the fiscal resources are allocated. Some budget development methods are as follows: Top-down budgeting: Directors prepare the budget and direct it to subsidiaries. Bottom-up budgeting: Figures come from the lower degrees and are adjusted and coordinated as they move up the hierarchy. Zero-based budgeting: Directors develop each new budget by warranting the jutting allotment against its part to departmental or organisational ends. Flexible budgeting: Any budget exercising can integrate flexible budgets, which set â€Å" meet or round † criterions that can be compared to outgos.Selling controls:Selling controls help supervise advancement toward ends for client satisfaction with merchandises and services, monetary values, and bringing. The following are illustrations of controls used to measure an organisation ‘s selling maps: Market research gathers data to measure client needs-information critical to an organisation ‘s success. Ongoing market research reflects how good an organisation is run intoing clients ‘ outlooks and helps expect client demands. Marketing statistics step public presentation by roll uping informations and analysing consequences. In most instances, competence with a computing machine spreadsheet plan is all a director needs. Directors look at selling ratios, which step profitableness, activity, and market portions, every bit good as gross revenues quotas, which step advancement toward gross revenues ends and aid with stock list controls. Unfortunately, scheduling a regular rating of an organisation ‘s selling plan is easier to urge than to put to death.Human resource controls:Human resource controls aid directors modulate the quality of freshly hired forces, every bit good as proctor current employees ‘ developments and day-to-day public presentations. On a day-to-day footing, directors can travel a long manner in assisting to command workers ‘ behaviours in organisations. They can assist direct workers ‘ public presentations toward ends by doing certain the ends are clearly set and understood. Directors can besides establish policies and processs to assist steer workers ‘ actions. Common control types include public presentation assessments, disciplinary plans, observations, and preparation and development appraisals. Because the quality of a house ‘s forces, to a big grade, determines the house ‘s overall effectivity, commanding this country is really important. Performance restrictions: Although direction information systems have the possible to increase overall public presentation, replacing long-time organisational employees with information systems engineering may ensue in the loss of adept cognition that these persons hold. Additionally, computerized information systems are expensive and hard to develop. After the system has been purchased, organizing it-possibly with bing equipment-may be more hard than expected. Consequently, a company may cut corners or put in the system heedlessly to the hurt of the system ‘s public presentation and public-service corporation. And like other sophisticated electronic equipment, information systems do non work all the clip, ensuing in dearly-won downtime. Behavioral restrictions: Information engineering allows directors to entree more information than of all time before. But excessively much information can overpower employees, cause emphasis, and even slow determination devising. Therefore, pull offing the quality and sum of information available to avoid information overload is of import. Health hazards: Potentially serious health-related issues associated with the usage of computing machines and other information engineerings have been raised in recent old ages. An illustration is carpal tunnel syndrome, a painful upset in the custodies and carpuss caused by insistent motions ( such as those made on a keyboard ) . Regardless of the control processes used, an effectual system determines whether employees and assorted parts of an organisation are on mark in accomplishing organisational aims.Statistical Techniques to Test a Hypothesis:A statistical hypothesis trial is a method of doing statistical determinations utilizing experimental informations. In statistics, a consequence is called statistically important if it is improbable to hold occurred by opportunity. The phrase â€Å" trial of significance † was coined by Ronald Fisher: â€Å" Critical trials of this sort may be called trials of significance, and when such trials are available we may detect whether a 2nd sample is or is non significantly different from the first. Hypothesis testing is sometimes called confirmatory informations analysis, in contrast to exploratory informations analysis. In frequence chance, these determinations are about ever made utilizing null-hypothesis trials ; that is, 1s that answer the inquiry â€Å" Assuming that the void hypothesis is true, what is the chance of detecting a value for the trial statistic that is at least every bit utmost as the value that was really observed † ? One usage of hypothesis testing is make up one's minding whether experimental consequences contain adequate information to project uncertainty on conventional wisdom. Statistical hypothesis testing is a cardinal technique of frequents statistical illation, and is widely used, but besides much criticized. The chief direct option to statistical hypothesis testing is Bayesian illation. However, other attacks to making a determination based on informations are available via determination theory and optimum determinations. The critical part of a hypothesis trial is the set of all results which, if they occur, will take us to make up one's mind that there is a difference. That is, do the void hypothesis to be rejected in favour of the alternate hypothesis.Undertaking 2:Identifying Users of Accounting Information:So accounting exists in order to supply information for interested parties to do determinations, now we can logically inquire: ‘Who are these interested parties? ‘ and ‘For what sort of determinations is accounting information required? ‘ Figure 1.1 shows the major groups of people who have an involvement in an organisation. The figure relates to a private sector concern but minor changes in the rubrics of the participants would do it every bit relevant to any organisation – for illustration, a authorities section, a local authorities unit, a charity, a nationalized industry, a school or a college. Staying with the illustration of a private endeavor concern, we can place the types of determination that each of the participants might necessitate to do with regard to the organisation and the information required. These are as follows: proprietors, the authorities, direction, clients, providers of goods and services, loaners, employers, rivals and anteroom groups.OwnersAOwners are concerned with doing two types of determinations: Investing determinations ; and Stewardship decisions.A Investing determinations are chiefly concerned with increasing the wealth of the proprietors. Those who own concerns usually do so with the purpose of increasing their wealth. Therefore, proprietors will wish to measure the extent to which the concern has generated fiscal benefits ( net incomes etc. ) and the likely future chances of the concern. They will besides wish to measure the grade of hazard associated with their investing in the concern. Information associating to associated hazards and returns will be utile when make up one's minding whether to keep or sell their ownership involvement in the concern. In larger concerns, the proprietors tend non to exert daily control over the activities of the concern. Alternatively, directors will frequently run the concern on behalf of the proprietors. This possible struggle creates a demand among proprietors to have accounting information from the directors that reveals how the resources of the concern have been used. The proviso of information by directors to proprietors for this intent is referred to as stewardship accounting. Government: A authorities may necessitate information from a concern for a assortment of grounds including revenue enhancement, ordinance, economic direction and authorities contracts. Tax: A Businesss are taxed on the footing of their accounting net incomes ( capable to certain accommodations ) ; authorities ( in the signifier of the Inland Revenue ) needs information on each concern in order to make up one's mind how much revenue enhancement to charge. Economic direction: Governments may besides utilize accounting information associating to concerns to assist in the general direction of the economic system. For illustration, accounting information may be utile in make up one's minding whether to give support to concerns in a peculiar industry.Fiscal Statement Restrictions:The first restriction is that they are ever in the past tense†¦ they look back, non in front. Second, they merely reflect fiscal minutess. So all the of import things that are go oning in the company, the industry and the market place are non reflected†¦ has at that place been a direction reorganization, has the company fallen behind in merchandise development or engineering, has a rival late introduced a great merchandise, are at that place pending ordinances that will impact the company. Many things can impact the computation of ratios and do comparings hard. The restrictions include: The usage of estimations in apportioning costs to each period. The ratios will be every bit accurate as the estimations. The cost rule is used to fix fiscal statements. Financial information is non adjusted for monetary value alterations or inflation/deflation. Companies have a pick of accounting methods. These differences impact ratios and do it hard to compare companies utilizing different methods. Companies may hold different financial twelvemonth ends doing comparing hard if the industry is cyclical. Diversified companies are hard to sort for comparing intents. Fiscal statement analysis does non supply replies to all the users ‘ inquiries. In fact, it normally generates more inquiries.Non Financial Key Performance Indexs:Non-financial cardinal public presentation indexs, or KPIs, enable companies to mensurate the consequences of theirA † corporate duty and sustainability † A enterprises. By integrating the appropriate KPIs into their procedure, companies can derive a more comprehensive apprehension of how good they are run intoing their corporate duty aims. As organisations embark on environmental, societal and governance enterprises, they are detecting that fiscal steps entirely do non supply an accurate appraisal of their corporate duty advancement. For illustration, traditional fiscal indexs do non to the full capture all facets of a company ‘s relationships with its clients, employees and providers, or stand for its attempts with regard to sustainability.Budgets and Budgetary Function:Budget:A budget is a program expressed in quantitative, normally pecuniary term, covering a specific period of clip, normally one twelvemonth. In other words a budget is a systematic program for the use of work force and material resources. In a concern organisation, a budget represents an estimation of future costs and grosss. Budgets may be divided into two basic categories: Capital Budgets and Operating Budgets. Capital budgets are directed towards proposed outgos for new undertakings and frequently require particular funding. The operating budgets are directed towards accomplishing short-run operational ends of the organisation, for case, production or net income ends in a concern house. Operating budgets may be sub-divided into assorted departmental of functional budgets.The chief features of a budget are:1. It is prepared in progress and is derived from the long-run scheme of the organisation. 2. It relates to future period for which objectives or ends have already been laid down. It is expressed in quantitative signifier, physical or pecuniary units, or both. Different types of budgets are prepared for different purposed e.g. Gross saless Budget, Production Budget, Administrative Expense Budget, Raw-material Budget etc. All these sectional budgets are afterwards integrated into a maestro budget, which represents an overall program of the organisation.Budgetary Control:No system of planning can be successful without holding an effectual and efficient system of control. Budgeting is closely connected with control. The exercising of control in the organisation with the aid of budgets is known as budgetary control. The procedure of budgetary control includes: 1. Preparation of assorted budgets. 2. Continuous comparing of existent public presentation with budgetary public presentation. 3. Revision of budgets in the visible radiation of changed fortunes. A system of budgetary control should non go stiff. There should be adequate range of flexibleness to supply for single enterprise and thrust. Budgetary control is an of import device for doing the organisation. More efficient on all foreparts. It is an of import tool for commanding costs and accomplishing the overall aims.Alternate Methods for Cost Analysis:There is a assortment of attacks to be analysis, the suitableness of any of which depends upon the intent of an appraisal and the handiness of informations and other resources. It is seldom possible or necessary to place and quantify all costs and all benefits ( or outcomes ) , and the units used to quantify these may differ. Main types of cost analysis include the undermentioned. Cost-of-illness analysis: a finding of the economic impact of an unwellness or status ( typically on a given population, part, or state ) e.g. , of smoke, arthritis or pressure sores, including associated intervention costs Cost-minimization analysis: a finding of the least dearly-won among alternate intercessions that are assumed to bring forth tantamount results Cost-effectiveness analysis ( CEA ) : a comparing of costs in pecuniary units with results in quantitative non-monetary units, e.g. , reduced mortality or morbidity Cost-utility analysis ( CUA ) : a signifier of cost-effectiveness analysis that compares costs in pecuniary units with results in footings of their public-service corporation, normally to the patient, measured, e.g. , in QALYs Cost-consequence analysis: a signifier of cost-effectiveness analysis that presents costs and results in distinct classs, without aggregating or burdening them Cost-benefit analysis ( CBA ) : compares costs and benefits, both of which are quantified in common pecuniary units.Restrictions of Budgetary Controls:The aim of direction accounting is to assist directors accomplish the missions and schemes established for their endeavor. It is a subdivision of accounting that provides fiscal and other information to directors. A cardinal function for direction comptrollers is to set up the control systems used to accomplish organisational ends and minimise hazards. One of the most of import of these is budgetary control, a powerful tool that encourages planning, sets mileposts, evaluates public presentation and suggests waies for betterment. Management comptrollers besides develop information systems that communicate strategic and operational precedences to managerial determination shapers. The aim of this class is to assist participants better understand the function and operation of the budget control and to locate it within the larger context of direction control. Using cognition already acquired in earlier degrees of the MBA plan, this class will allow pupils to get cognition on: – the public-service corporation and operation of a budget control procedure ; – the design of the budgetary control system as a map of the organisational scheme ; – the finding of cost behaviour ; – the usage of budgets to pull off grosss, costs and net incomes ; – the relationship between direction control and organisational construction ; – the organisation of fiscal information in a comprehendible, flexible, accessible and utile signifier to authorise determination devising ; – the rating of public presentation for different administrative units within the organisational construction ; – the development and usage of non fiscal public presentation steps.Undertaking 3:Business Evaluation:It is a procedure and a set of processs used to gauge the economic value of an proprietor ‘s involvement in a concern. Evaluation is used by fiscal market participants to find the monetary value they are willing to pay or have to consummate a sale of a concern. In add-on to gauging the merchandising monetary value of a concern, the same rating tools are frequently used by concern valuators to decide differences related to estate and gift revenue enhancement, divorce judicial proceeding, allocate concern purchase monetary value among concern assets, set up a expression for gauging the value of spouses ‘ ownership involvement for buy-sell understandings, and many other concern and legal intents.Methods for Measuring a Business:Asset AccumulationThe Asset Approach is based on the premiss that it is by and large possible to neutralize the belongings, works and equipmen t ( PP & A ; E ) assets of a company and after paying off the company ‘s liabilities the net returns would accrue to the equity of the company.Discounted hard currency flow methodThis rating method based on free hard currency flow is considered a strong tool because it concentrates on hard currency coevals potency of a concern. Since hazards are non ever easy to find exactly, Beta uses historic informations to mensurate the sensitiveness of the company ‘s hard currency flow, for illustration, through concern rhythms.Market ValueThis rating method is applicable for quoted companies merely. The market value is determined by multiplying the quoted portion monetary value of the company by the figure of issued portions. This rating reflects the monetary value that the market at a point in clip is prepared to pay for the portions. This rating method loosely takes into history the investors ‘ perceptual experiences about the public presentation of the company and the dire ction ‘s capablenesss to present a return on their investings.Corporate Hazard:It is a planetary, full-service concern intelligence and hazard direction house. We offer clients a full suite of services to cut down exposures to planetary hazards, A prehend upon concern chances, andA protect employees and assets. Our clients run or seek to run in many of the universe ‘s emerging markets, A and our services are designed to extenuate the hazards of prospecting and runing in these hard parts. We provide the insight necessary for clients to do of import concern determinations in a timely, efficient and comprehensive mode.Cost of Capital:The cost of capital is the cost of a company ‘s financess ( both debt and equity ) , or, from an investor ‘s point of position â€Å" the expected return on a portfolio of all the company ‘s bing securities. † It is used to measure new undertakings of a company as it is the minimal return that investors expect for suppl ying capital to the company, therefore puting a benchmark that a new undertaking has to run into.Debt vs. Equity:There are two types of funding: equity and debt funding. When looking for money, you must see your company ‘s fiscal strength. The more money proprietors have invested in their concern, the easier it is to pull funding. If your house has a high ratio of equity to debt, you should likely seek debt funding. However, if your company has a high proportion of debt to equity, experts advise that you should increase your ownership capital ( equity investing ) for extra financess. That manner you wo n't be over-leveraged to the point of endangering your company ‘s endurance.Factors Effecting Capital Cost Structures:Business hazard:Hazard associated with the nature of the industry the concern operates and if the concern hazard is higher the optimum capital construction is required.Tax place:Debt capital is regarded as cheaper because involvement payable is deductible f or revenue enhancement intents. Advantage non much for concerns with undiminished revenue enhancement losingss, depreciation revenue enhancement shield as they already have an bing lower revenue enhancement load.Fiscal flexibleness:Depends on how easy a concern can set up finance on sensible footings under inauspicious conditions. Flexibility in raising finance will be influenced by the economic environment ( handiness of rescuers and involvement rates ) and the fiscal place of the concern.Managerial manner:How much to borrow besides depend on directors approach to finance hazard. Conservative directors will usual seek to maintain the debt equity ratio depression.Decision:The concern analysis performed by analyst reduces waste, creates solutions, completes undertakings on clip, Improves efficiency, Document the right demands and it besides reduces the hazard and helps in the growing of the company.