Learning Team Internal and External Factors Paper Essay Example for Free

Learning Team Internal and External Factors Paper Essay Amongst today’s societies The McDonalds Corporations is considered one of many; that has successfully in so many ways used a combination of various marketing strategies and skills to become a globally known successful origination. McDonalds a global business in most countries around the world can also face a lot of challenges and issues. The McDonalds Corporations has learned and brought about changes according to the needs of its consumers per hour and should always remain flexible to changes within the environment that deals with current customer trends, government and or legal restrictions, and the development of technology. The McDonalds Corporations technology structural and also its financial assets of the company are perfect marketing positions. McDonalds without a doubt is completely abundant with many aspects in structure, finance and of course technology. To help, identify and implement majority of these assets within the proper directions towards the improvement of the corporations would be all that is needed. The McDonalds Corporations overall is producing their main product, creating items within their own kitchen, and cooking on their own grills. This means the use of equipment, certain control devices, the regulation of temperature, the business point-of sales system, inventory process, financial and communication information are all linked into different technology that impacts the corporation. Now with public awareness of technology and cultures more people are starting to become a little more health conscious, and have access to finding out about certain quality ingredients, and knowing the lack of minerals that may have an overall negative impact on what all fast foods have done to those who consume them. Along with maximizing knowledge on internal and external factors this will have a large impact on the four major function of management within a corporation. The McDonalds Corporations has goals that are reflected in its mission statement to become for some customers a favorite place to eat. There are several internal and external factor’s McDonald’s faces in the decision they made to go Global. External f actors  for the decision to go Global include the following. 1.)The growing heath trends of consumers 2.)The ability to expand into new markets such as India and China 3.)The diversification and purchase of other fast food restaurants 4.)The global growth of the fast food industry 5.)Worldwide deregulation (Salem, Abdullah, 2009) These external factors impacted the four functions of management for McDonald’s managers, by forcing management to adjust the planning function and information to include a mission that was based on a global demand and competition. The organizing function of management with in McDonalds was also affected by the decision to go global. Management now has to organize information, people, and financial resources crossed countries and cultures to achieve one common goal. The function a leading for a management changed also. Now, styles and type of leading and motiving had to be localized and customized around the culture rather than one specialized way of doing things. Controlling or measuring achievements in with in the global industry also changed as franchisees are now faced with measuring success based on others in different markets. Internal factors also played a part in McDonald’s decision to go global and those factors have also affected the four functions of manageme nt for their managers. Some internal factors include: 1.)The desire for a strong brand name, image, and reputation 2.)A large market share 3.)The desire for a global presence 4.)A stronger financial performance and position 5.)Introduction of new products 6.)Customer focus (Salem, Abdullah, 2009) These internal factors also had an effect on the planning, organizing, leading, and controlling functions of management within McDonald’s. Competing in a Global market makes managers think, act, gather and process information on a larger scale to achieve a goal. Diversity The evolution of McDonald’s Corporation toward diversity as a business objective began in the late 1970’s, when the corporation officially  established an Affirmative Action Department, which today is known as the Diversity Initiative Department (Anonymous, 2005). Numerous factors can affect the four major functions of management; this section will focus on how diversity can affect planning, organizing, leading and controlling within the McDonalds Corporation. Diversity in the workplace is more than a person’s race or ethnic background it also includes personality, gender, education, position in the organization, etc. The major obstacle for McDonald’s management continues to be age, gender, ethnic background and education. Diversity management involves a three-stage process: (Tetteh, 2014) †¢Identification Stage †¢Implementation Stage †¢Maintenance Stage McDonald’s management must identify where the diversity mixture is and decided on the appropriate action to ensure workplace harmony and productivity. This will be accomplished through proper training and communication with all employees. Learning to effectively communicate with the various groups within each location will be very important to the success of the team within each restaurant. Implementing effective processes that ensure each diverse group is accommodated is crucial to the process. McDonalds as a corporation does a great job helping and engaging their management and employee’s to ensure proper implementation by offering education and career development seminars, various gender based seminars, second language courses etc. Maintain and improving these processes will ensure that McDonald’s stays current and relevant to the groups each manager has identified within their department. McDonald’s continually re-evaluates its initiatives to ensure they are in line with their business and current employee base. McDonalds ensures diversity is properly managed within their organization by including diversity in the business planning process. This allows the company and its managers to treat diversity as an initiative rather than a program; it’s naturally incorporated into the business plan (Anonymous, 2005). Ethics When it comes the Functions of Management, you must condsider which parts may be corrupted by ethical issues. Two areas that maybe prone to be affected  are the Leading and Organizing Funtions. In building a dynamic organization you must find a diverse group of people, with different ethical baskgrouds, to fill the different postions in it. You would also want to get them up to speed with you organizations ethical views. If you take a company like McDonald’s you can find out what they do to ensure this. Now McDonalds is committed to conducting business ethically and in compliance with the letter and spirit of the law. This commitment is reflected in McDonalds Values. Inherent in each value is our commitment to be ethical, truthful and dependable and this is reflected through their Standards of Business Conduct, which serves as a guide to making good decisions and conducting business ethically. Each year McDonalds employees are required to re-certify that they have read and will abide by the standards that McDonalds has set through the Standards of Business Conduct. Employees complete regular training on the Standards, anti-bribery laws, and various other laws, regulations and company-specific policies. McDonalds and its employees in all countries must comply with the U.S. Foreign Corrupt Practices Act (McDonalds: Standards Of Business Conduct For Employees, n.d.). References Salem, F., Abdullah, M., (2009) McDonalds case study. http://www.scribd.com/doc/16050821/McDonalds-Case-Study McDonalds: Standards of Business Conduct for Employees. (n.d.). Retrieved from http://www.aboutmcdonalds.com/mcd/investors/corporate_governance/codes_of_conduct/standards_of_business_conduct.html Bateman, T. S., Snell, S. A. (2011). Management: Leading collaborating in a competitive world (9th ed.). New York, NY: McGraw-Hill Irwin. Anonymous, . (2005, November). Diversity at McDonalds: A way of life. Nations Restaurant News, 1(), 92, 94-95 Tetteh, Vanessa A. (2014, January 1). Diversity in the Workplace. Research Starters, p. 1.

batleby the scrivener Essay -- essays research papers

"Bartleby the Scrivener" is a complex story, so I am going to zero in on one particularly interesting and intelligent aspect of it. Due to the power of the message even this one particular aspect will be complex, of course. The first thing to note is that the story has a first-person narrator. The narrator, an anonymous lawyer, is in fact a major character in his own right. Ostensibly the story is about Bartleby and his actions as a scrivener. However, what the story is really about, in a sense, is the effect Bartleby seems to have on the narrator. We learn a great deal about the narrator, but more importantly, we see him undergo several rather significant changes. These changes bring to light Melville’s comment on the oppression and lack of compassion in the emerging capitalist economy The narrator's initial self-characterization is important to the story. He is a "safe" man, one who takes few risks and tries above all to conform to societies norms (Melville 1109). The most pragmatic concerns of financial security and ease of life are his priorities. He has made himself perfectly at home in the modern economy: he works as a lawyer dealing with rich men's legal documents. He is therefore a complement or a double to Bartleby in many ways. Doubling is a recurring theme in "Bartleby the Scrivener." Bartleby is a phantom double of our narrator, and the parallels between them will be explored later. Nippers and Turkey are doubles of each other. Nippers is useless in the morning and productive in the afternoon, while Turkey is drunk in the afternoon and productive in the morning. Nippers' ambition mirrors Turkey's resignation to his place and his sad, uneventful career, the difference coming about because of their respective ages. Nippers cherishes ambitions of being more than a mere scrivener, while the elderly Turkey must plead with the narrator to consider his age when evaluating his productivity. Their vices are also parallel, in terms of being appropriate vices for each man's respective age. Alcoholism is a vice that develops with time. Ambition arguably is most volatile in a man's youth. These characters provide valuable comic relief in what is otherwise a somber and upsetting tale. Melville’s p urpose in making Bartleby’s personality act complimentary to the narrator’s is to demonstrate the chang... ...ience with Bartleby. It is doubtful that the lawyer at the beginning of the story, as he pictured himself, could have imagined such personal tragedies. Here we see the denouement. The culmination of the change that Bartleby has affected in the lawyer. â€Å"Ah Bartleby! Ah humanity!† (1134) This final sentence shows a depth of emotion that would have been impossible for the narrator at the beginning of the story. This obvious change gives readers the evidence that Melville was trying to display in support of his view of the negative aspects of the business world. This world and the humanity in it had affected both characters. Bartleby of course was the employee whose constant bombardment with the uncompassionate and pitiless world of Capitalism caused him to lose desire to think for himself and as a response to do nothing. The narrator was the employer whose use of the repetitive and routine tasks of his profession caused him to lose compassion and responsibility. The change in the narrator that one can see take place over the course of the story brings these traits and the institutions that founded them into glaring clarity.

Diet Plan

The diet plan presented puts a heavy emphasis on protein. High protein diets are typically successful for people who desire to lose weight. However, twenty-five years of nutritional research suggests that high protein diets include higher intakes of cholesterol and saturated fat. Further, nutritional research suggests that overall consumption of fat and sugar be drastically reduced. In order to achieve such a diet, it is necessary to increase overall consumption of whole grains, fruits and vegetables and the same time.Therefore, it is currently recommended that human diets comprise mainly of whole grains, fruits, vegetables and lean meat and dairy. Despite this recommendation, the most popular diet in America remains the low carbohydrate, high protein Atkins diet. The reason this diet is so popular is because it can truly enable human beings to lose weight. The danger in eating according to this, or any other high protein diet, is a lack in adequate nutrition gained from eating a var iety of foods within all food groups.A scientific analysis of this particular diet is offered in order to show that it may enable a person to lose weight but it is not a healthy diet. The main premise behind high protein diets is that they allow a dieter to feel full for a longer period of time. Therefore, it can be assumed that if the dieter felt full they would eat less overall. Restricting overall calorie intake is an important part of any diet plan, but adhering to a high protein diet only ensures that dieters are eating far too much cholesterol and saturated fat and not enough healthy carbohydrates.The diet being analyzed here puts too much emphasis on protein and not enough emphasis on whole grains, fruits, vegetables and lean dairy. For example, almost every lunch and dinner meal includes eggs or meat. While eggs and meat are certainly healthy, they should not make up the majority of any diet. Further, the diet being analyzed includes some fruits and vegetables but not enough servings to reach recommended guidelines. There are many days where fruit is not included at all within the diet. Similarly, a variety of fruits and vegetables are not included.The emphasis on vegetables is carrots and lettuce with a few servings of spinach and one serving of broccoli. There is not an inclusion of any whole grains with the exception of toast for breakfast on one day. However, it is not clear what type of bread is used for the toast. Finally, there are only two examples of low fat dairy included in the diet plan, which are cottage cheese and yogurt. It has been well documented that human beings must rely on a well balanced diet that includes lean protein as well as enough servings of other foods so that adequate vitamin and mineral intake can be maintained.Plant based foods are particularly important because they contain the majority of vitamins, minerals and trace elements necessary to maintain good health. Plant based foods also contain a wide range of antioxidant s which boost the overall immune system and protect humans from certain illnesses and disease. Therefore, research emphasizes that a healthy diet â€Å"prevents nutrient deficiencies, reduces risks of diet related chronic diseases and is composed of foods that are safe and palatable. † The diet plan analyzed here is lacking in several areas.The first is the high concentration of protein. Consuming such high amounts of protein does meet the goal of making a person feel fuller for a longer period of time. At the same time, it also restricts the amount of other foods that are eaten. In order to prevent nutrient deficiencies and reduce the chance of chronic illness this diet would need to include a much higher concentration of plant based foods such as fruits, vegetables and those made with whole grains. Further, the food one eats must be palatable in order to ensure success.This diet relies on the same foods over and over again which will only result in boredom and the inability to stick with the diet. Overall, the diet should include a wider variety of foods from all food groups in order to ensure adequate nutrition as well as the desire to continue with the diet for the long term. The United Kingdom relies on the Dietary Reference Values for Food Energy and Nutrients when showing the importance of eating a wide variety of foods in order to get enough of all the recommended vitamins, nutrients and trace minerals necessary for health.These guidelines are published in order to ensure that the majority of the population understands what they need to consume in order maintain good health. This diet does not meet these guidelines in many areas and cannot be considered a healthy and safe diet. For example, these guidelines recommend that adults consume at least 200 micrograms of folate every day for optimum health. However, folate is primarily found in plant based foods. This diet does not include enough plant foods to ensure adequate intake of folate.Similarly , these guidelines recommend that adults consume at least 600 micrograms of Vitamin A each day. Again, this diet includes carrots, which is a good source of Vitamin A, but only on a few days. Therefore, those following this diet plan would also be lacking in Vitamin A. Ultimately, this diet plan can guarantee weight loss but it cannot guarantee optimum health. It would be recommended that dieters consume less protein and more whole grains, fruits, vegetables and lean dairy.

The Christianity Of Christianity From A Pagan Society

England’s history includes interesting facts in regard to religion that developed over time. One piece of Historiography mentions the development of Christianity from a Pagan society to Christianity. This development is mentioned in Bede’s work Ecclesiastical History of the Christian People. He discusses kings who helps bring the faith of Christianity to a rise. Paganism does exist even if Christianity began to rise. Bede suggests there is variations in England due to paganism existing and Christianity is trying to arise. Variations are involved in Paganism at a time when it is dominant over Christianity. By the time of Pope Gregory, many people began to worship idols. He is concerned that these matters will become a major problem . Gregory writes a letter of concern to King Athelbert of Kent about the situation. He asks Athelbert to speread the Christian faith and suppress the worship of idols. Though, he continues to go on to say that God will bless him if he does this every day. Several people may establish that Catholicism is the actual faith. The main point of this all is that Paganism existed alongside Christianity. This causes the variation of the culture that is with inside the towns of early England. It is noted that despite his efforts Paganism still lingers. Now changes of Christianity began to rise under the period of Augustine. He helped reform a church that is in shambles. Yet, this is not the only exploit that he achieved. He will get King Ethelbert toShow MoreRelatedReconciling Ingrained Traditions with Newly Emerging Christianity1203 Words   |  5 Pages Before the eighth century, England was a pagan society, the English originated from a society marred in idolatry and polytheism. The intermingling of Christian and pagan elements in Beowulf are consistent with the attitudes toward religion that are found in Bede’s Ecclesiastical History of the English People. Beowulf was written in the Middle Ages (500-1000) on Scandinavia, which was a highly pagan society, however the narrator is telling this story within the timeframe of medieval Anglo-SaxonRead MorePaganism In Beowulf1182 Words   |  5 Pagesreligious history where Christian and pagan beliefs were introduced to society. This poem was written in the time of the Anglo- Saxon period where pagan was the preferred religion. In later years as time gradually passed, Christianity became one of the more favored religions. Beowulf contains many elements of both religions. Though paganism was very popular throughout this poem, it showed a mixture of the two beliefs. These beliefs played a major role in the society of the seventh century, and these themesRead MoreAnalysis Of The Book God On The Dock 1184 Words   |  5 Pagesrecognizes and fully accepts the similarities, but offers a new approach to the situation: The heart of Christianity is a myth which is also a fact. The old myth of the Dying God, without ceasing to be myth, comes down from the heaven of legend and imagination to the earth of history. It happens—at a particular date, in a particular place, followed by definable historical consequences. We pass from a Balder or an Osiris, dying nobody knows when or where, to a historical Person crucified (it is all inRead MoreEssay on Success of Christianity in the Roman Empire852 Words   |  4 Pagesin the fourth century Christianity was formed, born as a movement within Judaism Christianity emphasized the personal relationship between God and people slowly spread through the Roman Empire until ultimately dominating the western culture. Three of the several factors that aided to the growth of Christianity in the Roman Empire were; the central beliefs and value of Christianity, prominent figures, and Christianity appeal to women. Christianity obtained much growth from the great moral forceRead MoreAids To The Growth of Christianity in The Roman Empire Essay1537 Words   |  7 PagesGrowth of Christianity in the Roman Empire In the Roman Civilization where the prevalent worship of Roman gods were impersonal and did not provide a moral base or a message of hope, in the fourth century Christianity was formed, born as a movement within Judaism. Christianity emphasized the personal relationship between God and people, slowly spread through the Roman Empire until ultimately dominating the western culture. Three of the several factors that aided to the growth of Christianity in theRead MoreComparing Beowulf And The Epic Of Beowulf937 Words   |  4 PagesAnglo-Saxons refers to settlers from the German regions that migrated to Britain during the fall of the Roman Empire. In the story Beowulf, his actions portray him, indeed be an epic hero. Both Christianity and Paganism are both portrayed throughout the epic Beowulf. 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There has been a lot of back and forth about the main religion in the countries we have studied, and predominantly in Rome. The main religion of a country is traced back to the religion of the political authority. Citizens looked up to their rulers, therefore convert to the religion of the authority. Initially, Romans viewed Chr istianity as a new sect of JudaismRead MoreThe Spread of Christianity Throughout Europe Essay1184 Words   |  5 PagesEuropean empires, beginning just prior to the fall of Rome, is the spread of Christianity to all areas of the continent in as little as a few hundred years. Many theologians state that Christianities spread is the indirect influence of God and the adoration of people to one true faith. Though it is true that Christianity has brought about people that even atheists could call saints, it is unquestionable that Christianity was so monumental because it united larger groups of people and its spreadRead MoreThe Triumph of Christianity in the Roman Empire Essays560 Words   |  3 PagesChristians went from being persecuted to dominating Rome rather quickly. In a world where separation between church and state does not exist, a Christian becoming the sole emperor of Rome symbolized a huge turning point in history. The power switched and the Pagans in turn became per secuted. Christians rose up and took control of all aspects of Roman society. The Pagan past was destroyed, banned, or forgotten about. Those Christians that did not agree with how things were being run either left

Major League Baseball Helping Developing Countries

Dermenjian 1 Major League Baseball Helping Developing Countries: The Case of the Dominican Republic Presented by Nick Dermenjian Instructor: Abbas Grammy Course Title: Econ 410 Date: 3/07/15 The topic of Major League Baseball helping developing countries: The case of the Dominican Republic is a topic I have always been quite interested in. The main reason would be of my involvement in organized baseball from a young age and continuing into college now. Throughout my research on the topic I have found quite a lot of information suggesting the strength of involvement and improvement of Dominican economics by way of Major League Baseball. Major League Baseball has done an extraordinary job in helping the economy of the Dominican Republic†¦show more content†¦The minor league system is also referred to as an organizations farm system. These minor league systems are split into many different levels such as: Triple A, Double A, Single A (both low and high), Rookie ball, and other lower level instructional leagues with Triple A being the highest and closest level to the Majors. What is quite unique about Major League Baseball’s minor league s ystem compared to that of other such Professional sports leagues is that it is comprised of such diversity. The minors have players from US colleges, high schools, but also from all over Latin America. Major League Baseball has established itself in Latin America as a premiere way for these young kids who are looking for a way out of their developing nation to find success in the American dream. While the MLB focuses much time and effort all over Latin America, this paper will focus primarily on how Major League Baseball helps developing nations specifically the case of the Dominican Republic. Following World War 2, the Latin sporting experience has been modeled by its connections with the bigger forces that designed America. According to Allan M (1995), the Dominican Dream is a groundbreaking task analyzing the association between America and the Dominican Republic, which espoused sport and adapted it to suit the Dominican objectives. The Major League clubs Major League Baseball Helping Developing Countries Major League Baseball Helping Developing Countries: The Case of Domician Republic Presented by Instructor Course Title Date In one way or another Major League Baseball (MLB) has been existence since 1869. It is a certified professional baseball organization that comprises major certified sports leagues in North America. The teams of the MLB play in various leagues such as the National League. The MLB also supervises minor league baseball leagues that are connected with the major league clubs and manages the World Baseball Classic event. The Major League Baseball Players Association (MLBPA) has been existence since 1965 when they hired Marvin Miller to negotiate the collective bargaining agreement in 1968. With a new collective bargaining agreement signed in 2011 this essay will review how the MLB is helping developing countries through the case of the Dominican Republic. Following the post Second World War, the Latino sporting experience has been modeled by its connections with the bigger forces that designed America. According to Allan M (1995), the Dominican Dream is a groundbreaking task analyzing the association between America and the Dominican Republic, which espoused sport and adapted it to suit the Dominican objectives. The Major League clubs and their Dominican partners operate much in the same manner as other strong American economics and cultural interests in the developing countries, meaning, through promoting localShow MoreRelatedMajor League Baseball Helping Developing Countries3070 Words   |  13 PagesDermenjian 1 Major League Baseball Helping Developing Countries: The Case of the Dominican Republic Presented by Nick Dermenjian Instructor: Abbas Grammy Course Title: Econ 410 Date: 3/07/15 The topic of Major League Baseball helping developing countries: The case of the Dominican Republic is a topic I have always been quite interested in. The main reason would be of my involvement in organized baseball from a young age and continuing into college now. Throughout my research on the topic I haveRead MoreThe Latino Model: Roberto Clemente Essay1571 Words   |  7 Pages During the mid-1950’s, Major League Baseball was in the midst of an influential movement. Jackie Robinson had broken baseball’s â€Å"color barrier† in 1947, which helped usher in the participation of other minorities, especially the Latinos. Just as the blacks were faced with adversity, the Latino players experienced the same. The teams integrated slowly and sportswriters often scorned the players having difficulty developing English as a second language (Regalado 678). Roberto Clemente joined thisRead MoreAre Sports Programs For Children And Teenagers Too Intense?1539 Words   |à ‚  7 Pagesstill believe that all sports are helping the youth grow up to be leaders for the next generation. Although many believe youth sports programs are too intense, the improved education reduces injuries, students are not specializing, and family unity improves when kids participate in sports programs. The history of youth athletics goes back to the 1900s. In 1939 little league baseball became a organized baseball league(LL History). Now little league baseball is one of the biggest organizationsRead MoreEssay on African American Athlete: Their Role in American Culture3741 Words   |  15 PagesSports played and continue to play a pivotal role in American history and culture. Baseball provided an escape from the stress and frustration of WWII, a beacon of light during hard times and later helped influence integration. Athletes became symbols of what being a true American meant and many sports enhanced American culture. One of the most prolific changes sports brought to our society was the beginning of racial equality on the field. It encouraged and aided the fledgling equal rights movementRead MoreBuilding A Bear Workshop, Inc.1354 Words   |  6 PagesCanada, the United Kingdom, Ireland and Denmark, and franchise stores in Europe, Asia, Australia, Africa, the Middle Eas t, and Mexico. According to Clark, M., 2016, â€Å"St. Louis has been a great location for headquarters as it is the center of the country and products can get anywhere in a good amount of time†. Costello A, brand excavation manager also feels the same and adds that the convenient time zone has made it easy to work with east/west coast and globally. The company was named to the FORTUNERead MorePepsi Product Mix1983 Words   |  8 PagesPEPSI COMPANY | | Type | Cola | Manufacturer | PepsiCo. | Country of origin | United States | Introduced | 1898 (as Brads Drink) June 16, 1903 (as Pepsi-Cola) 1961 (as Pepsi) | Related products | Coca-Cola Fanta Dr Pepper Sprite (soft drink) Irn Bru Cola Turka Big Cola | Website | http://pepsi.com/ | Pepsi is a soft drink produced and manufactured by PepsiCo. It is sold in many places such as retail stores, restaurants, schools, cinemas and from vending machines. The drink was first madeRead MoreThe Work Of The Va Social Workers1604 Words   |  7 PagesThis meek beginning social work had progressed into a professional service with treatment obligations in all patient care areas, helping patients ↠and→ families to attain their highest level of adjustment/coping in society, endorsing vocational ↠and→ psychosocial rehabilitation. Social workers developed implemented treatment approaches which addressed individual social difficulties work with acute/chronic medical conditions, dying patients, bereaved families. VA social workers were liable for ensuringRead MoreSocial Workers Develop And Implement Treatment1659 Words   |  7 PagesFrom this meek beginning, social work has progressed into a professional service with treatment obligations in all patient ca re areas, helping patients and families to attain their highest level of adjustment/coping in society, endorsing vocational and psychosocial rehabilitation. Social workers develop and implement treatment approaches which address individual social difficulties and work with acute/chronic medical conditions, dying patients, and bereaved families. VA social workers are liableRead MoreResearch Paper and Argument Topics4449 Words   |  18 Pagesnecessity? Are certain kinds of advertising unethical? Should product placement in television, film, and other media be controlled? Should product advertising and selling be permitted in public schools? Should communities retain the naming rights to baseball parks and football stadiums, or should businesses be allowed to purchase these rights? Does the modeling industry bear any responsibility to provide healthy, realistic physical role models for young women? Is the use of sexual imagery in ad campaignsRead MoreEssay about Sports Sponsorship180 7 Words   |  8 Pagesand expose their brand, can be achieved; heightening visibility, which can be maximized by the use of media coverage; differentiating from competitors, made possible by being able to stand above their industry rivals; being seen in the community, helping to make a difference makes the company perceived as a â€Å"good corporate citizen†; and enhancing business, consumer, and VIP relations, a benefit that comes hand-in-hand with hospitality (Friedman). Sponsorship has the ability to be extremely flexible

Essay about Alcoholism - 1398 Words

quot;Alcohol is a socially acceptable, legal drug that is consumed by the majority of Americans without problems to themselves or others (Milgram xiii).quot; Misuse of alcohol can lead to alcoholism, one of the most widespread and complex problems in America. The reasons some people become dependent on alcohol and others do not are unknown. Many health problems are associated with chronic alcohol abuse, including damage to the liver, brain, or central nervous system. nbsp;nbsp;nbsp;nbsp;nbsp;Alcohol is probably the most widely used recreational drug in the world. The production of alcohol is the result of the fermentation of plant products such as fruit grains. Gin, Vodka, Whiskey, and other hard liquors, require a further†¦show more content†¦The more body muscle a person has in relation to fat, the lower the blood alcohol concentration will be from a given amount of liquor (Taylor 23). nbsp;nbsp;nbsp;nbsp;nbsp;A persons tolerance has developed if the drinker requires more alcohol to get the same effects he/she used to get with a lesser amount. If a person is alcohol tolerant he/she can quot;holdquot; or quot;handle,quot; or quot;not showquot; the amount of alcohol consumed (Long 57-58). If a person has a high tolerance, the initially pleasant quot;buzzquot; or quot;glowquot; may wear off quickly leading them to drink more to recapture it (Kestler 7-8). nbsp;nbsp;nbsp;nbsp;nbsp;A can of beer can raise a drinkers blood alcohol level just as much as a glass of wine or a cocktail with half an ounce of hard liquor. An ounce of beer does not contain as much alcohol as an ounce of whiskey but beer is usually consumed in greater proportions than other beverages. Wine contains between 12 and 15% alcohol and beers range from about 3 to 8%. The percentage of alcohol in other types of liquor is indicated in proof, which is twice the percent of alcohol by volume. For example one hundred proof Vodka contains fifty percent alcohol (Kestler 6). nbsp;nbsp;nbsp;nbsp;nbsp;Admittedly, there is no single cause for alcoholism, however, the most widely believed cause is the use of alcohol to solve problems. Alcoholism is thought to arise from a combination of a wide range of physiological,Show MoreRelatedAlcoholism : Alcoholism And Alcoholism2482 Words   |  10 Pageslead to extreme alcohol abuse and even alcoholism. The society we live in is strongly prejudiced by alcohol, and affects people of all ages, gender, and background. It has been uncovered to millionaires to the homeless. Alcohol abuse has been a problem throughout the history of humanity; it is a disease which has caused many people to be overcome with trouble, problems, and debts also pattern of drinking that interferes with day-to-day activities. Alcoholism is a term that is widely recognized throughoutRead MoreAlcoholism The Disease : Alcoholism And Alcoholism1829 Words   |  8 PagesAlcoholism the Disease According to the Dual Diagnosis website, â€Å"In 2012, as many as 87.6 percent of American adults over age 18 were reported in a SAHMSA†¦study to have consumed alcohol at some point in their lives†¦The National Institutes of Health†¦estimated that 17 million adults in the United States in 2012 had an alcohol use disorder† (â€Å"Disease†¦Ã¢â‚¬ ). Approximately one in every 12 people either are abusing alcohol, or they are becoming, if not are, victims of alcoholism (National†¦). 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Myer Holdings Limited (Myer) Free Essays

Prospective analysis – forecast The previous reports have already approached the industry and financial analysis of Myer. This report will analyze the forecast, valuation and application of Myer, including forecasting the major data, valuating share price under four model and discussing the opportunity and challenge of Myer. 1. We will write a custom essay sample on Myer Holdings Limited (Myer) or any similar topic only for you Order Now Forecast sales growth rate As one of the most important indicators, sales can reflect directly Myer’s financial performance and influence other indicators. Therefore, the forecast of sales growth rate is the foundation for forecasting Myer. Based on the previous annual reports from 2007 to 2011, Myer’s sales are not optimistic and the average growth rate is negative 2. 89%. The decline of both global economy and purchase power of consumers in Australia will lead to the depression of whole industry and unsatisfied performance of Myer in 2012. Additionally, growth of 20% online shopping shows that more and more consumers prefer to purchase online instead of in the shops . Therefore, negative 1% of sales growth rate for Myer can be assumed in 2012. However, Australia would have a weakening global economy impact and have strong national growth in the future . According to IMF, Australian economy growth rate is expected up to 3. 5% in 2013 . Considering the previous performance of Myer, 2% of growth rate can be assumed for 2013. After that, 3% of growth rate can be assumed from 2014 to 2017 and the sales would approximately even to 2007. (See below chart) Previous years ‘00020072008200920102011Average rate Sales3,002,3532,940,3312,798,9162,825,0342,666,803? sales growth? -2. 07%-4. 81%0. 93%-5. 60%-2. 89% Future years ?2011201220132014201520162017 Sales growth? -1%2%3%3%3%3% 2. Forecast ATO calculate NOA According to the past five years’ data, Myer’s Assets Turnover ratio (ATO) declined slowly following the decrease of sales, apart from 2011 down quickly. Therefore, the average rate 2. 05 can be used to predict the future years. (See below chart) ? 20072008200920102011Average rate ATO2. 02 2. 282. 152. 001. 772. 05 3. Forecast PM calculate NOPAT Profit Margin (PM) is another important indicator in forecasting Myer’s performance. This indicator relates between the sales and cost of goods sold and operating costs. The competition in retail industry is stronger than before. That means through increasing sales or decrease COS to increase PM is more difficult. The change of PM fluctuated markedly in the last five years. In order to fairly predict the data, the average of 7. 5% can be used as the future PM growth rate. (See below chart) ? 20072008200920102011Average rate profit margin4. 7%13. 4%4. 9%7. 8%6. 6%7. 5% 4. Forecast net dividend payout Dividend payout is a significant indicator to influence share price. Therefore, estimating this rate means the people can determine Myer whether focuses on benefiting shareholders and beautifies share price or not. According to the past 5 years, only 3 years Myer paid dividends. After calculation, the average rate based on 3 years is 45% and 5 years is 27%. However, 27% is too low for shareholders if Myer earn more profit base on the forecast. In addition, most of dividends payout is higher than 50%. Therefore, the forecasting dividend payout rate is estimated by 45%. (See below chart) ? 20072008200920102011Average rate(3yrs)Average rate(5yrs) Dividend0%50%0%28%59%45%27% 5. Forecast cost of debt and debt balance Basically, cost of debt means the expense of liabilities. Determining the cost of debt is as well as setting up the financial structure such as how much debt Myer plan to borrow. According to the previous data, Myer repaid a huge amount of debt in 2010 and led to the cost up and net debt down. However, the debt did not rise up again and kept the similar level as 2010. Therefore, concerning about the cost of debt, the average of 10. 75% seems more reasonable to predict the future. (See below chart) ? 20072008200920102011Average rate % cost of debt6. 25%6. 41%6. 36%30. 31%4. 41%10. 75% net debt (ND)928,503 856,242 904,258 414,574 457,362 ? Prospective – Valuation Four methods are used to valuate Myer, DDM, DAE, DAOE and DCF. In addition, two ways are used to determine cost of capital, which are CAPM and WACC. In CAPM model, risk-free rate, risk premium rate and ? are assumed separately 4. 5%, 6. 5% and 1. 1. It is not easy to determine ? because it changes every day. Assuming 1. 1 for? means the fluctuation of Myer share price is a little stronger than the market but not too much . Therefore, cost of capital (Re) is calculated by the formula and equals to 11. 65%. This Re is used in DDM and DAE. In WACC model, because Re is 11. 5%, Rf is calculated by formula and equals to 11. 43%. This Rf is used in DAOE and DCF. The share price is calculated by these 4 different models. (See below chart) ModelForecast Share price in 2012 DDM1. 7423 DAE2. 4548 DAOE2. 5603 DCF2. 5603 DDM is influenced strongly by dividends because this model uses dividends to calculate value of shares. If the company does not pay dividends, the share price would be lower. Myer is estimated to pay dividends in 45% and the share price closes to market share price. (See below chart) DateLast % Change High Low Vol * 24 Oct 20121. 950-1. 27% 1. 621. 9306,259,477 This model is easy to understand Myer’s business conditions. However, this is affected by dividends too much and dividends are not always linking the value creation , the valuation model seems very limited. Obviously, this cannot reflect the Myer’s real value and conditions. Additionally, compared to DDM, DAE involves in other indicator abnormal earnings to value Myer share price and is better to present Myer’s conditions. Myer share price in DAE is higher than DDM because it reflects book value of equity and PV of future abnormal earnings to add share value. Therefore, this is more close to the real performance of Myer. Also, DAOE model is similar with DAE apart from that DAOE focuses on the equity which is determined by operating abnormal earnings. This eliminates the influence of Myer’s financial activities to calculate abnormal earnings. However, Myer’s financial value has been added to the equity finally. Therefore, this can reflect Myer’s condition in operating. Finally, DCF model focuses on cash flow which results in the equity increases. Usually, it can get the same share price with DAOE, but does not affected by accounting rules. However, investments are treated as losses for cash flow, which can bring more future benefits to Myer. Therefore, if Myer plans to use investments to produce free cash flow, then this model is very close Myer’s real conditions. Prospective – Sensitivity On one side, Myer is department store and compete in retail industry. Seasonality is more significant aspect in retail industry. The boom seasons for Myer are the end of financial year and Christmas holidays. Also, the weather, new products in season or other factors are the aspects which Myer is sensitive. On the other side, according to Appendix 4, the four models of sensitivity can be analyzed. For the indicators of sales, ATO, dividend payout, DDM is the most sensitive, while DCF and DAOE are not sensitive. However, DDM is not sensitive in debt, while DCF and DAOE are most sensitive. Application Opportunities According to the forecast analysis and valuation, Myer has some possible opportunities to improve herself and get rid of the difficult conditions although the depression of condition expands the whole retail industry. Myer is predicted to pay more dividends to their shareholders in forecast analysis. This will addict more investor to buy shares and this can push the share price to rise up. Also, the book value of equity for Myer can be increased and this leads to no one can buy Myer’s share lower than book value. Therefore, a higher merger value or acquisition value can be created. Eventually, Myer will get more capital to investment. Therefore, Myer has an opportunity to invest this implemental capital. Concerning about the future economy, Australia will have strong domestic economy increase . As a result, Australian consumption and requirement will be up. Therefore, keeping and maintaining domestic consumers are still the main tasks for Myer. With the online shopping eroded the traditional shopping stores, Myer should improve their online shopping services, such as beautifying and making it convenient for customers. Myer’s CEO announced they would launch a new â€Å"omni-channel† service to stimulate consumers shop online . Obviously, Myer has already recognized online shopping is the main method to regain market share. Additionally, expanding the overseas market seems a good lamb for Myer to increase profit. Recently, Australia government has signed two Free Trade Agreement negotiations with China and Japan separately. This provides a firm foundation to encourage more foreign investments between Australia and both of countries . Therefore, Myer can be provided more supports to invest in China and Japan. There are three reasons for Myer to choose China rather than Japan to set up the first overseas branch. Firstly, 1. 34 billion of China population is more stable for consumption foundation than 127million of Japan . Secondly, the advantage of exchange can provide more benefits for Myer to invest in overseas. Thirdly, more products of Myer are produced by China; therefore, setting up branch in china can save the delivery cost and tax. Challenges Although Myer’s forecasting is more profitable, it still has a potential challenge for borrowings. First of all, the purpose of loan for Myer may be to expand its shops or update its online shopping. These have more chances to be long-term debts instead of short-term debts. However, when they are in the lack of cash flows, Myer may pay dividends through borrowings. Although this can be short-term debts, it is not for earning profit. Therefore, both of these are risky for debtors. Secondly, the figure shows that Myer would not plan to increase its financial expenses. That may be Myer prefer to get more funds from shareholders and her own operates rather than debts. This looks lower risky than people’s anticipation while it also means Myer would slow the repayment of debt and the previous debt risky will be raised up. Thirdly, the steady growth rate of dividend payout shows Myer would pay more dividends to benefit their shareholders when they earn more money instead of pay the debt or reinvest. In other words, Myer prefer has more long-term debt than short-term debt and maybe the benefits will be impaired. Therefore, the debt’s risk of Myer tends to be increased by Myer’s trend. Fourthly, the debt leverage looks healthy. However, the decrease of debt leverage is because not only the debt decreases, but also the net operating assets increase. Above all, Myer probably has problem when debt from debtors. Therefore, a detailed loan structure should be planned to make debtor have more confidence and willing to borrow money to Myer. This loan structure need to concern about the percentage of debt and equity for Myer. Also, the percentage of long-term debt and short-term debt should be considered. In addition, the purposes of debt need to be clear, easy to understand and report to debtors and shareholders. Conclusion To sum up, these analyses are really useful to approach Myer’s conditions and performance, and also can give some particular information through valuation. However, there are not perfect analyses; people still need to look for more effective analyses to value the firm. How to cite Myer Holdings Limited (Myer), Essay examples