The Role of Teachers as Nation Builders

The role of teachers in the building of a nation can not be ignored. It is they who influence the immature minds of the youth and tries to mould the living stuff into various forms. It is they on who depends the future of the nation. Hence, they are the most important part of the society. In the past, teachers were considered respectable figures even by the kings and the emperors, because only teachers were there to guide and advice them in hours of crisis. They were the true benefactors of the society.With the change of time they lost their dignity to some extent. Still, they are considered the backbone of a nation, and a society. Teachers are the real guide of the students. With their deep knowledge of the subject and teaching technique they can impart valuable information to the students. They can guide them towards noble deeds, studies, health, and cleanliness and above ail the moral values of life. All these qualities enable a child to grow into an ideal citizen of his/her natio n. Teachers are considered the noblest section of the society.This increases their responsibility towards nation and the students to a great extent; they must be dedicated to the service of the students. Their own actions and high ideas about life can easily shape the young minds into good personalities and responsible citizens of tomorrow. They are a guiding light for students throughout their lives. The importance of the role of the teachers as an agent of change, promoting understanding and tolerance has become more obvious today. This places enormous responsibilites on teachers who participate in the moulding of the character and minds of the new generation.Now days, the whole scenario has been changed. Teachers and parents are engaged in blaming each other. Parents are displeased with them because their sons and daughters do not do well in the examination. Teachers blame the parents that they do not pay much attention on their wards due to lack of time. Even we do not find any accord between the teachers and the students. The overall result is that the students have become aggressive, bold and daring- They are less concerned with their studies and think more about other activities. The teachers become helpless at this juncture.This leads to dissatisfaction and frustration among them. They do not get proper respect from the students. In addition to this, the teachers are not paid highly and regularly. This makes their situation miserable. It is necessary to improve the conditions of the teachers. Only then they will continue their job with full vigour and zeal. Only then they will discharge their duty towards the students as well as the nation in true sense of the term. Only then their potentialities will shine in the new generation, the real hope of the nation.

Harnischfeger Corporation

Financial Reporting & Analysis April 19th, 2013 Case Study- Harnischfeger Corporation 1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. The accelerated depreciation method was changed from to straight-line on all company assets that caused to increase after-tax net income for 1984 by $11. 005 million. The cumulative effect of change in 1984 there will be no reduction in the depreciation expense due to change. in 1984 decreased by $7. 0 million over the previous year.Most of this reduction was a result of the company's agreement with Kobe Steel, Ltd. Under this agreement, Kobe agreed to reimburse Harnischfeger up to $17. 0 million dollars of R;D expense over a period of three years. However, some students argue that Harnischfeger may be cutting its research budget since the actual reduction in Harnischfeger's    1984 R&D expense is more than one-third of this amount. (See Exhibit 4, Notes 6 and 9, in the case. ) 8 . Effective 1984, Harnischfeger began to include in its net sales products purchased from Kobe Steel, Ltd. , and sold to third parties by Harnischfeger.Previously only the gross margin on Kobe-originated equipment was included in Harnischfeger's financial statements. This increased Harnischfeger's sales in 1984 by $28. 0 million but had no impact on its profits. Some students would mistakenly argue that this had an impact on Harnischfeger's net income. (See Exhibit 4, Note 2, in the case. ) Although some of the above are pure accounting decisions with no direct cash-flow consequences, the other decisions affect the company's reported profits as well as its cash flow. The instructor should ask the class to identify the latter-type decisions among the above.Discussion of Question 2 The above analysis shows that most, if not all, of the reported profits of Harnischfeger in 1984 are produced by accounting changes. Therefore, the accounting changes helped the management report a signific ant profit rather than a modest loss. The instructor should point this out to the class and ask: Why do you think the management of Harnischfeger made these accounting changes? Students point out a number of possible motives for the accounting changes: 1. Boost the company's stock price so that the company could raise new capital, 2.Meet the earnings targets of the company's top management compensation plan, 3. Avoid the violation of debt covenant restrictions, and 4. Improve the company's image with the customers, dealers, and prospective employees. Some students argue that the analysis in Question (1) shows that it is too complicated for an average investor to â€Å"see through† the impact of all the accounting changes. They further point out that, even if many analysts recognize the effect of the company's accounting decisions on the 1984 profits, it is quite unlikely that the analysts would be able to assess the impact of these changes in future years.Other students are l ikely to argue that the market processes the reported profit numbers efficiently. They argue that there are some sophisticated analysts who could perform the analysis that was done in the class. The instructor should encourage this discussion. At some point in the discussion, the instructor should intervene and summarize the evidence from the research literature: 1. There is considerable evidence in finance and accounting literature that shows that the capital markets are generally efficient. 2.For stock prices to reflect reality in an unbiased manner, it is not necessary that everyone in the market has to process the information correctly. As long as there are some sophisticated investors who can â€Å"see through† the company's accounting changes, the stock price will reflect this due to the possibility of arbitrage by these investors. 3. The accounting studies that examine the stock market reaction to accounting changes conclude that the market is not fooled by the account ing decisions of firms. However, the evidence presented in these studies is not conclusive.Also, these studies do not examine whether the stock market recognizes the recurring effects of accounting changes. Without additional research, it is difficult to make conclusive statements on this issue. 4. Even if capital markets see through the effects of accounting changes, managers may believe otherwise in making accounting decisions. This is likely to happen if there are no significant penalties associated with such behavior. Even if investors fully recognize the impact of Harnischfeger's accounting decisions, there are other reasons for the company's managers to make these decisions.As Exhibit 2 in the case indicates, the top management of the company is awarded significant bonuses based on the company's reported profits. This provides an incentive for the managers to boost profits through accounting changes. However, if the compensation committee of the company's board of directors re cognizes this possibility, the committee could adjust the reported profits before awarding management bonuses. The instructor should challenge the students by asking: If investors can see through these changes from public information, why can't the board do it, especially when it has access to additional information in the firm?The third possible motive that is mentioned by the students is the desire of Harnischfeger's management to avoid the violation of debt covenant restrictions. Since the company recently experienced the painful consequences of violating these restrictions, it is plausible that the management changed the accounting policies to avoid future violations of the debt restrictions. If debt covenants are specified in terms of accounting numbers, managers have an incentive to choose accounting policies to minimize the violation of the covenants.However, if lenders recognize this possibility, lending agreements would be modified to avoid this possibility as long as the c ost of such a modification is not significant. The fourth possibility is that the accounting decisions are motivated by a desire to convince the company's customers, suppliers, dealers, and employees that Harnischfeger is again back on track and is viable. Given the nature of the company's products, a lack of confidence in the company's viability is likely to impair the company's ability to sell its products.In fact, the company was negotiating long-term contracts in 1984 with the governments of Turkey and China. It is quite possible that the company's return to profitability might have helped the management in this respect. Similarly, the company's ability to attract and retain talented employees might have been helped by the image that the company was back on track. During my visit to the company, Harnischfeger's management pointed out one additional factor in the company's accounting decisions: the role of internal management considerations.The company used the same set of accoun ting rules for external reporting and for internal management accounting. The company's product pricing was based on fully allocated product costs, and therefore its accelerated depreciation policies apparently caused its products to be overpriced relative to competition. In addition, the higher depreciation charges led to increased capital reinvestment demands from its divisions for maintaining and replacing the company's fixed assets.The company's management mentioned three principal reasons for its accounting decisions: (1) a belief that the external users of accounting data did not adjust for Harnischfeger's conservative financial reporting when comparing the company's performance with other companies in the industry, (2) the unpleasant experience with its debt covenant restrictions, and (3) the interaction between management accounting and external reporting. These reasons are discussed in greater detail in my paper, â€Å"The Anatomy of an Accounting Change. â€Å"Underlying all the accounting changes was a reporting philosophy outlined by the then chief financial officer and the current president of the company: In accounting there is no such thing as absolute truth. The same underlying reality can be accounted for using a range of assumptions. The earlier philosophy of this company was to choose the conservative alternative whenever there was a choice. Now we have decided to change this. We would like to tell the world that we are alive and well. We wish to tell the truth but do not want to be overly conservative in doing so.When the outside world compares our financial performance with that of other companies, they may or may not take the time and effort to untangle the effects of the differences in financial policies that various companies follow. My own belief is that people adjust for the obvious things like one-time gains and losses but have difficulty in adjusting for ongoing differences. In any case, these adjustments impose a cost on the user . If people adjust for the differences in accounting policies when they compare us with other companies, then it should not matter whether we follow conservative or liberal policies.But suppose they do not adjust. Then clearly we are better off following the more liberal policies than conservative policies. I am not sure whether people make the adjustments or not, but either way we wish to present an optimistic version of the picture and let people figure out what to do with the numbers. As a company you have to put the best foot forward if you want to raise capital, convince customers that you are a viable company, and attract talented people to work for the company. I feel that the financial reporting should help rather than hinder the implementation of our operating trategy. In my opinion, the changed accounting format highlights the effectiveness of our strategy better than the old policies do. The instructor can sum up the class discussion on question (2) by mentioning the view s of the management described above. Discussion of Question 3 After completing the analysis of Harnischfeger's accounting policy changes, the class should be asked to assess the company's future. At this point, I go back to my original question to the class, namely, â€Å"Is it worthwhile to invest in the company's stock in early 1985?    I call on a student who considers the company's stock a good investment and ask him or her to explain why. Harnischfeger's turnaround strategy consists of four elements: (1) changes in top management, (2) cost reductions to lower the company's break-even point, (3) reorientation of the company's business, and (4) restructuring the company's finances to facilitate the implementation of the reorientation strategy. The changes in the top management seem to be good. The new chief executive officer (CEO) has considerable experience in Harnischfeger's industry.The new CEO demonstrated his credibility with the financial community by successfully negoti ating with the company's lenders to restructure the company's debt. The new management has taken several steps in the right direction. The company's cost-reduction programs seem to be paying off. These programs were helpful in reducing the company's losses in 1984. The financial management of the company also seems to be sound. The cost-reduction programs and the pension restructuring have improved the company's cash flow.The total cash-flow analysis, shown in Exhibit 1, indicates that the company has been able to generate positive cash flow from its operations in 1984. The company raised substantial new capital through a public offering of debentures and common stock and used the proceeds to pay off all of the company's restructured debt. Finally, the company's business strategy seems to be sound. The management recognized the potential to exploit the company's strength in the material handling equipment business.Through its Harnischfeger Engineers subsidiary, the company planned t o expand in this area and concentrate on the high margin â€Å"systems† business. This strategy is likely to help the company to move away from the mining and construction equipment business, which is a low-growth and cyclical industry, to a higher-growth and more stable business. Students who are optimistic about the company's future cite the above factors as the reasons for their support for the company and its management.They argue that these factors indicate that the company's new management has the right ideas and knows how to turn the company around. These students suggest that the management's accounting decisions were part of its attempt to implement the company's strategy and are therefore constructive. The instructor should wrap up the case discussion by reviewing the company's motives for its accounting decisions. The instructor should point out that understanding these motives is essential for an analyst who is interested in assessing the company's current perform ance and its future potential.The instructor may end the class by taking a second vote on the investment potential of the company's stock and sharing with the class the subsequent events described below. SUBSEQUENT DEVELOPMENTS The following events describe the developments subsequent to the time of the case. As can be seen, Harnischfeger seems to have succeeded in implementing its strategy effectively. Also, the company continued to liberalize its financial reporting policies. 1985 1. The company changed its accounting for duration patterns and tooling. Previously, the cost of the patterns and tooling was expensed in the year of acquisition.Under the new method, these costs are capitalized and amortized over their estimated useful lives. 2. Harnischfeger reported a net profit of $0. 74 per share for fiscal 1985. The accounting change described above contributed $0. 24 per share to the reported profits. 3. The company raised $147 million by issuing preferred stock. 1986 1. Mr. Goess el was appointed as the chairman and CEO of the company, and Mr. Grade was appointed as the president and chief operating officer (COO). Previously, Mr. Goessel was the president and COO, and Mr. Grade was the CFO. 2.Harnischfeger acquired Beloit Corporation, a producer of papermaking machinery and systems, for $175 million in cash. Later in the year, stock equivalent to a 20% equity interest in Beloit was sold to Mitsubishi Heavy Industries, Ltd. , for $60 million in cash. 3. The company acquired Syscon Corporation, a firm based in Washington, DC for $92 million in cash. Syscon developed advanced computer systems for military markets. 4. Harnischfeger announced a plan to sell the company's Construction Equipment Division for approximately $17 million in cash and $55 million in debentures. . The company reported that Harnischfeger Engineers received a major order for the design of an automated car assembly plant. 6. Harnischfeger reported a net loss of $1. 14 per share for fiscal 19 86. This consisted of a profit of $2. 15 per share from continuing operations, a loss of $4. 45 per share from discontinued operations (Construction Equipment Division), and a gain of $1. 16 per share from the adoption of the new pension accounting rules. 1987 1. Harnischfeger received a takeover offer from Columbia Ventures, Inc. , for $19 per share in cash.The company considered the offer inadequate and rejected it. Exhibit 1 Total Cash-Flow Analysis ($ in thousands) |                                                                                                          |1984                         |1982                         |1981                         | |                                                                                                          |                               |                               |                               | |Working capital from operations                                                          | $ 2,961                   | $ 1,763                   | $ (55,902)             | |(Increase)/decrease n accounts receivable                                           |(23,908)                   |(5,327)                   |42,293                      | |(Increase)/decrease in inventories                                                       |9,282                      |56,904                      |26,124                      | |(Increase)/decrease in refundable income taxes and related interest    |                               |                               |                               | |                                                                                                          |11,289                      |(2,584)                   |(6,268)                   | |(Increase)/decrease in other current assets                                        |259                         |10,008                      |(439)                      | |Increase/(decrease) in accounts payable                                              |16,488                      |(1,757)                   |(3,302)                   | |Increase (decrease) in employee compensation and benefits payable       |                               |                               | |                                                                                                          |698                         |(15,564)                   |(3,702)                   | |Increase/(decrease) in accrued plant closing costs                               |(3,888)                   |(14,148)                   |20,496                      | |Increase (decrease) in other current liabilities                                  |    (3,181)                |    (15,927)                |    (3,030)                | |Cash from operating cycle                                                                   | $ 10,000                | $ 13,368                | $ 16,270                | |Minus plant and equipment additions                                                    |    (5,546)                |    (1,871)                |    (10,819)                | |Cash before dividends, investments, and    external financing                |                               |                               |                               | |                                                                                                          |$ 4,454                   |$ 11,497                   |$ 5,451                   | |Minus cash dividends                                                                   à ‚         |    0                         |    0                         |    (2,369)                | |Cash before investments and external financing                                     | $ 4,454                   | $ 11,497                | $ 3,082                   | |Minus advances to unconsolidated companies                                           |(2,882)                   |0                            |0                            | |Plus other                                                                                           |    269                      |    1,531                   |    848                      | |Cash before external financing                                                             | $ 1,841                   | $ 13,128                | $ 3,930                   | |                                                                                                          |                               |                               |                               | |External Financing:                                                                            |                               |                               |                               | |                                                                                                          |                               |                               |                               | |Proceeds from senior notes and subordinated                                        |                               |                               |                               | |Debentures                                                                                           |$ 120,530                |$ 0                         |$ 0                         | |Conversion of export and factored receivable sales to debt                   |                               |                               |                               | | 0                            |23,919                      |0                            | |Restructured debt                                                                               |0                            |158,058                   |0                            | |Debt replaced, including conversion of    receivable sales of 23,919       |                               |                               |                               | |                                                                                                          |0                            |(158,058)                |0                            | |Repayments of debt                                                                               |(161,500)                |(760)                      |(9,409)                   | |Increase (repayment) of short-term bank notes payable                         |2,107                      |(3,982)                   |(2,016)                   | |Other increases in debt                                                                      |1,474                      |0                            |25,698                      | |Issuance of common stock                                                                      |21,310                      |0                            |449                         | |Issua nce of common stock warrants                                                       |6,663                      |0                            |0                            | |Salaried pension assets reversion                                                       |    39,307                   |    0                         |    0                         | |Cash from external financing                                                                | $ 29,891                | $ 19,177                | $ 14,722                | |Net increase (decrease) in cash    and temporary investments                   |                               |                               |                               | |                                                                                                          |$ 31,732                   |$ 32,205                   |$ 18,652                   | 2. What is the effect of the depreciation accounting method change on the reported income in 1984? How will this change affect profits in future years? It increased the net income to $11 million for 1984 or $. 93 per common and common equivalent share. The straight-line method will allow the assets to continue to depreciate in the same amount for the life of the asset.This change will increase profit in future years even thought the depreciation expense in strait-line will be higher that would’ve been with accelerated method. 3. What is the effect of the depreciation lives change? How will this change affect future reported profits? As a result of going t o strait-line the company also has changed its estimated depreciation lives on certain U. S. plants, machinery and equipment and residual values on certain machinery and equipment, which increased net income for 1984 by $3. 2 million or $. 27 per share. No income tax effect was applied to this change. This change should report higher profits in the coming years. $3. 2 million or $. 27 per share. No income tax effect was applied to this change. This change should report higher profits in the coming years. 4.The depreciation accounting changes assume that Harnischfeger’s plant and machinery will last longer and will lose their value more slowly. Given the business conditions Harnischfeger was facing in its primary industries in 1984, are these economic assumptions justified? Not necessarily, they can not fully predict the outcome of these changes but history shows them that as long as their plant machinery are more up to date production will perform at a better rate which shoul d lead to valuable resources needed to conduct good business. 5. In Note 7, Harnischfeger describes the effect of LIFO inventory liquidation on its reported profits in 1984.Describe what is meant by LIFO liquidation and how liquidation affects a company’s income statement and balance sheet. By LIFO liquidation means when a company’s accounting sells its oldest inventory since the current sales are higher then current purchases then the liquidation will occur, meaning that older inventory will be sold. The effect of the LIFO liquidation on the company’s income statement is an increase in net income by $2. 4 million or $. 20 in fiscal year 1984. There is no income tax effect. On the balance sheet there is a decrease of inventory, due to liquidation. 4. The depreciation accounting changes assume that Harnischfeger’s plant and machinery will last longer and will lose their value more slowly.Given the business conditions Harnischfeger was facing in its primary industries in 1984, are these economic assumptions justified? They cannot fully predict the outcome of these changes but history shows; however, we know they were experiencing a drop in sales this would also mean that they were giving less use to their machinery, and that would cause less wear and tear to the machinery justifying and increase on the useful life of the asset. 5. In Note 7, Harnischfeger describes the effect of LIFO inventory liquidation on its reported profits in 1984. Describe what is meant by LIFO liquidation and how liquidation affects a company’s income statement and balance sheet.The liquidation means selling of older inventory since the current sales are higher then current purchases then the liquidation will occur and as result any inventory not sold in previous periods must be liquidated. The company will benefit by an increase in net income by $2. 4 million or $. 20 in fiscal year 1984. Meaning that the net loss of previous year 1983 was reduced by a pproximately 15. 6 million. The balance sheet would have decrease of inventory from 12. 6 mil in 1983 to 5. 5 mil in 1984. 6. Note 8, states Harnischfeger’s allowance for doubtful accounts. Compute the ratio of the allowance to gross receivables (receivables before the allowance) in 1983 and 1984.What would the allowance have been if the company maintained the ratio at the 1983 level? How much did the pre-tax income increase as a result of the changed ratio in 1984? The company's provision for doubtful accounts receivables as a percentage of total receivables was 8. 4% in 1984. The corresponding percentage in 1983 was 11. 3%. If the company maintained the same percentage provision in the two years, the bad debt expense in 1984 would have been $1. 5 million more than the reported expense. 7. Note 9, page 216, states that Harnischfeger decreased R&D expense in 1984 relative to the previous two years. Do you think this change was motivated by business considerations or accountin g considerations?How did this change affect the company’s reported profits in 1984? Also R&D expense in 1984 decreased by $7. 0 million over the previous year. Most of this reduction was a result of the company's agreement with Kobe Steel, Ltd. Under this agreement, Kobe agreed to reimburse Harnischfeger up to $17. 0 million dollars of R;D expense over a period of three years plus the company was reduced in its size so there was no need to that big expenditures on R;D. 8. Note 11, describes a number of changes in Harnischfeger’s pension plans in 1984. Describe these changes as clearly as you can. What are the economic consequences of these changes to Harnischfeger and its workers?The reduction in benefits and wedges were significant from 1982 to 1984. In 1984 the pension expenses accounted for 1. 9 million, 1983 for 6. 5 million and 1982 for 12. 2 million The change in the return on investment assumption is for all US plans. The economic consequence is that there will be less expenditure made by these pension owners during the lifetime of their pension. The company established a new plan, which goal was an improvement in the minimum pension benefit. This constituted in a restructure of the Salaried Employees’ Retirement Plan. From one side that decision could help the company to rebuild the trust of customers and suppliers for continuing in business.From the other side, the workers would suffer a significant economic lost and could lose the motivation to work for the company. But there is a possibility that a positive view could emerge because they could appreciate the company’s efforts to keep them working there, and then cooperate to take the company to the next level. 9. How did the pension plan changes affect Harnischfeger’s financial statements in 1984? Are these changes likely to affect future profits? The effect of the changes in the investment return assumption rates for all U. S. plans, together with the 1984 restruc turing of the U. S. Salaried Employees' Plan, was to reduce pension expense by approximately $4. 0 million in 1984 and $2. million in 1983, and the actuarial present value of accumulated plan benefits by approximately $60. 0 million in 1984. This may have an effect on future profits. The pension plan changes affected positively the statements in 1984. Less assets were available for benefits; therefore, more income was reflected in the financial statements, which contributed to the cash to pay debt obligations. Furthermore, if reducing the debt, company could recover the banks and shareholder’s trust. 10. Summarize all the accounting changes Harnischfeger made in 1984, and their effects on pre-tax profits and cash flows in 1984. 1. Change in the recognition of some types of sales. This resulted in a change in sales calculation.Harnischfeger incorporated products purchased from Kobe Steel, which were re-sold by the company, into its net sales. This increased aggregate sales and cost of sales by $28 million. The effect of the change in sales calculation was an increase in both aggregate sales and cost of sales by $28 million. Also, profit margin dropped from 1. 55% to 1. 44%, which represented a 7. 1% change in profit margin. 2. Change in the fiscal year for some foreign subsidiaries. By changing the fiscal year of foreign subsidiaries (ending period of September 30 instead of July 31), the effect was the lengthening of the 1984 reporting period for the subsidiaries from 12 months to 14 months.This increased sales by $5. 4 million. 3. Change in the depreciation methods on assets. The depreciation policy for financial reporting purposes was changed to a straight-line method from a principally accelerated method. The effect of the change in depreciation method (straight-line method) was a net income of $11 million realized in 1984. Overall, depreciation charges resulted in an increase of $3. 2 million in net income in 1984. 4. Change in the use LIFO liquidat ion in inventory valuation. The effect of LIFO inventory liquidation was an increase in 1984 net income by $2. 4 million, as gains. 5. Change in the allowance for doubtful accounts.The company adjusted its allowance for doubtful accounts to 6. 7% of sales for 1984 from 10% of sales in 1983. The effect of the change in the allowance for doubtful accounts was that it resulted in $2. 9 million in operating income for 1984. 6. Change in the R&D expenses. Harnischfeger significantly reduced its R&D expenses to $5. 1 million in 1984, from 412. 1 million in 1983. The effect of the change in R&D expenses was an increase in operating profit by $9. 1 million. 7. Change in employee pension plans. The effect of the change in pension plans was a reduction in pension expenses by $14 million and increase in net income by $3. 9 million, and a positive cash flow. 11.Accounting statements are used by investors, lenders, customers, employees, and governments in dealing with Harnischfeger. Among these groups, who is most likely to â€Å"see through† the above accounting changes, and who is least likely to do so? The least likely to â€Å"see through† the accounting changes are just normal people who don’t know accounting concepts because some methods of reporting can overstate or understate the numbers without a sustainable change so investors, lenders, and governments should be the ones to most likely â€Å"see through† the change and based on what they see they make a decisions. Employees in accounting, finance, and upper management should be able to â€Å"see through† the changes. 12.Are the accounting changes likely to help or to hinder Harnischfeger’s ability to implement its business plan? Be as specific as possible. Even thought the changes indicate an optimistic move, it does not guarantee that the company is going to be able to implement its business plan. The changes made strongly justify company’s boost in the periods an alyzed. From my point of view, company reflects a positive result on management through its financial reports. Basically the mission to satisfy shareholders and business related entities such as banks and suppliers was accomplished by showing the ability to overcome financial problems through management based on the financial statements.However, the accounting practice can be a matter of numbers’ convenience and it can be altered just to show easy actions. 13. Overall, what is your assessment of Harnischfeger’s future as of 1984? The company is taking a risk by expecting that the one-time boost in income and cash in 1984 will enable the company to successfully expand internationally and grow in new high tech areas and become profitable once again. They wanted to make their financial statements look pretty so that investors would buy their stocks and suppliers would continue giving credit for being able to produce product and sell. They need to stop playing with account ing methods and hiding the true story otherwise they will be in danger to not survive in a long run.

Proposal For Water Heating and Conservation Essay

Thank you very much for your interest in our consultancy firm. It is great to know that you have a wonderful property at hand, but still recognize the need to make it even more special for yourself, and hence are considering a consultation. It would a great privilege to work with you on this project. Statement of the Problem To begin with, it would be prudent to identify and recognize the problem that we are in a capacity to solve for you. While some real estate owners consider handing over their entire set of construction related woes to a single firm, in today’s specialized and competitive times, it is best to go to a particular domain specialist for particular needs. In this case, it is impractical to think that a single agency can do everything. Our expertise is in water heating and water conservation, and that does form a vital and prominent part of your overall home condition. It is important to note here that the house is more than 100 years old, and hence the water tanks, piping and water heating have possibly deteriorated and need immediate attention. Their further negligence could have serious consequences. Also, as apparent from your letter, water conservation seems be also an issue with the house. The information you give regarding toilets, tanks, washing machines and showers all give an indication that you can have a more water conserved living. These are the main problems that we can help you with. Background of the Problem The most important thing to note is that the house is more than 100 years ago, and that is a defining aspect of the overall construction. Also, it seems like the original construction has not been modified or renovated and this is the main reason that heating and water conservation are likely to have been affected. There have been a lot of changes in the previous century related to developing newer and better techniques for water heating and conservation, and we will keep these in mind. Also, a growing concern in the past few years has been global warming, and as responsible citizens we all need to ensure that your ecological footprints are kept to a minimum. And the fact of the matter is that effective water heating and conservation of water forms an integral part of this. This is thus an area that needs quick attention. Overall, looking at the background of the problem, we would like to offer you tailor made solutions which will leverage current installations and also be cost effective for you, given your constraints. We intend to look for materials that provide the right quality at the right price. Let us articulate the various options that you can consider for this aspect of your home. Water Heating and Water Conservation Options The market today offers a plethora of options, and you can choose what you would like to go with, and that too when, depending on your preference and also the funds at your disposal at any given time. Some of the most popular ones are: a) Rainwater Harvesting The most simple and also the most effective method for water conservation is that of rainwater harvesting. Rainwater harvesting is an ideal option to utilize water that is from the environment itself and can easily be a part of your daily water requirements. Right from your gardening needs, to household water usage, to even more advanced uses can all be met using rainwater harvesting. The best part of this technique is that it is simple and requires collection and storage devices, and subsequently devices on efficiently utilize the water that has been retained. We can provide you with customized rainwater harvesting solutions, and design systems for collection, storage and also for a great utilization plan. Since you have slanted roofs, we can customize mechanisms to suit your needs. b) Water Efficiency From the information that you have given regarding water usage devices, there is definitely a scope for modifications and replacements. For example, the toilets with six single liter flushes need to be replaced, and we have a number of options that you can consider. The 0.8 gallon extra efficient toilet is one. It not only looks sleek and elegant, but will also greatly reduce your overall water usage. In terms of showers, conventional showers usually end up wasting a lot of water, and also are sometimes not able to give you the desired flow you need. We intend revamping these as well, and putting in their place new smart showers that give you more and also use less water. The various option here are the hand shower, or the telephone shower, which is attractive and through a cord allows you to focus on particular areas of your body, and thus cuts down on water usage. We also intend putting a aperture showerhead since this has a triangular showerhead, which thus helps it distribute water more evenly and hence also give you an enhanced showering experience. c) Solar Heating Solar heating is perfect for your house to cater to the heating requirements. As mentioned by you, there is currently no heating in both attic and basement, and if you intend to convert the basement into a self contained apartment, then it will need to have water heating in place as well. We can install an extremely effective photo voltaic roofing system which will ensure that you are able to tap into the sun to get hot water as and when required. We suggest you do away with the radiator heating system, and also upgrade from the old electric heating tank. d) Building Integrated Water Heating We can also offer you integrated water heating solutions that will tap solar energy and using conduction techniques, we can provide heating solutions to all parts of the house. Through regular heat transfer methods, this heat that is collected can be used to meet your water heating needs. In order to have a better idea of your specific requirements, and also give you a cost estimation of the changes we propose, we would like to visit your property at a convenient date and time for you. Once again, we thank you for considering our services. Should you have any more questions, please feel free to contact us. We are ready to assist you in all your home improvement needs.

Writing assignment Coursework Example | Topics and Well Written Essays - 2500 words

Writing assignment - Coursework Example He asserts that Lincoln would have made the reconstruction process a success in a easier and peaceful manner. Answer: The frontier settlement in the early periods in America can be associated to be inclined towards capitalism other than racial, ethnic, and religious segregation. People saw the frontier zones as long lasting opportunities for economic development and so moved into these regions. Answer: The western zones were regarded as regions dominated by the pioneers whose quest was that for limitless opportunities for development. However it was riddled with inequalities as the movements were races and specific for instance, both the French, the Dutch, the English and other migrants moved and settled in different parts and not together. Answer: Custer’s stand was based on the great Sioux war of the 1970s. This led to the destruction of the Chyenne camps by the US troops other than killing thousands of the Indians. His statements led to the ending of this war in a more peaceful way. Answer: The commission for the Indian affairs recommended severalty in order to end the war that was becoming too much on their side. As many of the Indians were getting killed a sense of fear gripped the Indians and as a result they recommended severalty as the last resort. Answer: Turner’s thesis of the frontiers is a description of the gold rush among the capitalist pioneers who raced to the frontier zones for material gain. Turner says in his thesis that the frontier zones attracted more settlements with its varied and seemingly limitless opportunities for development. Answer: It is actually true that the frontier movements led to the onset of capitalism system that is in operation in America today. As the pioneers moved to the frontiers with a view of investing in the resource rich zones led by the capitalist’s view

Human Resource (Supporting Organizational Strategies) Assignment

Human Resource (Supporting Organizational Strategies) - Assignment Example American Airlines and Southwest Airlines have taken different approaches to the way each organization handled on-time flights. The culture he describes in American Airlines is one of fear, promoting blame amongst the employees. Leaders demand to know who is responsible for the problem, focusing on accountability instead of the true causes (Pfeffer, 2005). On the other hand, Southwest Airlines is described as breeding a culture of accountability, but from a different perspective than that of American Airlines. Rather than focusing on the individual or group of people who have caused the delay, they make it a point to promote the fact that delays are everyone’s responsible; supporting the mind-set that the organization is a team. Thus, Pfeffer (2005) describes Southwest Airlines as having greater success in its approach, working to find solutions rather than the person or department to blame the problem on. Managing a company’s culture has been proven to be at the root of its successes, and failures (Pfeffer, 2005). While accountability is extremely important in business, who is being held accountable is even more critical. As can be seen in the American Airlines example discussed, the blame-game can transform a well-meaning system into a useless chain of finger-pointing in a hurry. Then, the focus is on finding out who is responsible for the problem, rather than how it happened, to try and avoid it in the future; hence, Pfeffer’s emphasis on changing leader mind-sets to change the culture. key source of competitive advantage,† there is another responsibility, just as crucial to overall business success, that Human Resources (HR) must consider (Pfeffer, 2005, p. 127). Pfeffer (2005) suggests the diagnosis of changes to be made in regard to the mind-set of an organization is one of the most important, yet most underestimated tasks the HR team will

Organizational Behavior by Strayer University Term Paper

Organizational Behavior by Strayer University - Term Paper Example Allstate Company’s efforts in goal-setting program are promising. Goal setting is characterized by a set of distinct conditions that help in evaluating the effectiveness of the goal-setting program. The employees should be in a position to attain the set goals of the company. Necessary knowledge and skills apply in this process, thereby measuring just how much the program is set to work out in favor of the company. In the context of this company, the idea of this condition is down pack. Current job skills and expertise in the company is highly evaluated in the present times in relation to the goals, mission and objectives of the company. Advancement program for employee skills and expertise is operational, training of workers put in place as well as mentoring services. Creative and critical skill development is therefore at the disposal of workers, and opportunities for advancement are therefore created. As much as the condition here is hectic to functionalize, it clarifies th e firm’s goals and initiates efficiency in the operations of the company (Andreas, 1998). Difficult goals call for maximum attention and analysis over time. This is the seconds step towards achieving functional goal-setting procedures. The employees must be upfront at all times in regard to the attainment of these difficult goals. Employees focus on their work has been enhanced in this company by the fact there is a childcare unit in the company. The childcare units are favorable to the users since they offer care discounts for the parents. Over and above this fact, Allstate use other means to keep the workers focused to the goals of the firm. These means are: offering dry cleaning services as well as oil-change services. There is therefore little or no time wasted by the employees during work hours when they need the aforementioned services. Day breaks allow the parents to see their children without wasting so much time. They can therefore work as required by the company (He llriegel & Slocum, 2011). Goal achievement progress need to be monitored at each point in time, and necessary feedback toward such progress reported from time to time. Allstate Company employs Diversity Index twice a year in effectuating this condition in its goal-setting program. Monitoring questions are set up every time a survey for the index is set up. The idea here is to assess whether the company indiscriminately provides quality services to all its customers in the market model. Another aspect highlighted by the index is the working environment that prevails in the company. This is meant to assess the comfort ability of the employees at the work place. The diversity and dynamism of the operation ability in the company determines the rationale of efficient goal setting program. The survey is fundamental to the overall performance of the company since it defines the employer-employee relationship in the working environment (Hellriegel & Slocum, 2011). Another condition necessar y to the goal setting program of the company is the need to break down complex goals into sub-goals. This is tailored towards mobilizing the employees to want to reach to the higher goals. However, in order to achieve the higher goals, all the sub-goals must be achieved. The employees will therefore want to achieve the sub-goals as much as possible in order to reach to the big goals. There are no identified sub-goals for the Allstate Company, but it is noticeably important that the company has established many goal-setting

Economics Paper Essay Example | Topics and Well Written Essays - 1000 words

Economics Paper - Essay Example On the other hand if the local currency is strong, the foreign rate of exchange will be high thus making company's products to be expensive. At this situation, the company may opt for a domestic market for its products. In domestic market, the company has some power to decide on the price of its products. However this will depend on market structure of its product i.e. Whether it is a perfect competition, monopoly, or duopoly. In perfect competition market, the pricing strategy will be based on the forces of demand and supply of its product, which will be determined by the level of competition from other players in the market. Perfect competition market has a perfect elastic demand curve. Here the market determines the equilibrium price level. At this equilibrium price, the company will sell as much as it can. A slight increase in price will mean the company will sell nothing. In monopoly market structure, the company has the sole power to decide on the price it will sell its product. That is why monopolist is known as notorious in charging higher price of their products. Monopoly can interfere with the demand of its product by lowering it's output here the prices will go up and make more profit. In case of the company being a duopoly, it may collude with the other company that produces the same type of product and charge high prices provided that, there is trust between them. Therefore pricing strategy here will be dependent on trust and cooperation among the two market participants. Question two Most companies are profit maximizing and therefore their core objective is to maximize profit. However others aim at maximizing their sales. Profit oriented searcher will aim to produce the quantity and charge the price given by the point where marginal revenue equals marginal cost. This is as illustrated in the diagram below Price searcher aiming at maximizing sales will produce as a point total cost curve (TC) cuts total revenue curve m (TR) i.e. at the highest point possible. This is as illustrated below. Price searcher aim at maximizing sales, if his intentions are to promote the welfare of the producers i.e. to create the market to the producer's products. In a nutshell, price searcher must therefore choose between maximizing profit and maximizing sales. Question three Elasticity refers to the responsiveness of quantity demanded or supplied due to change in prices or income i.e. Change in quantity demanded or supplied due to a unit change in price or income. In this scenario I would expect demand for a specific brand of running shoes to be less elastic than the demand for running shoes in general. This is because specific brand limits the taste and preferences of a customer. This in turn limits the ability of the customer choice from a wider variety. Therefore a change in price of that specific brand is likely to be highly elastic. Consumers do not have substitute. Demand for a general brand of shoes will be more elastic since customers have

The Value of a University Education Assignment Example | Topics and Well Written Essays - 1250 words

The Value of a University Education - Assignment Example Studies consistently demonstrate that graduates have higher levels of earnings than high school graduates. According to the US Census Bureau, the median earnings of bachelor’s degree recipients working full-time year-round in 2008 were $55,700 - $21,900 more than the median earnings of high school graduates. Individuals with higher levels of education are more likely to have earnings and more likely to work full-time year round. Eighty percent of college graduates ages 25 or older had earnings in 2008 and 60% worked full-time year-round. In comparison, only sixty-three percent of high school graduates ages 25 or older had earnings, and only 44% worked full-time year-round. When lifetime earnings are computed, the typical bachelor’s degree recipient can expect to earn about 66% more during a 40-year working life than the typical high school graduate earns over the same period. After the fall in employment rates at the start of the economic recession in early 2008, it was four-year college graduates whose employment levels first recovered in 2010, with a 2% increase. Individuals with higher levels of education report greater job satisfaction and derive a sense of fulfillment from their work. Finally, the unemployment rate for university graduates â€Å"is consistently about half the unemployment rate for high school graduates† (Baum, Ma and Payea, 2010). Higher education also confers non-monetary benefits to individuals. These include health benefits and an improved sense of self-esteem. As the medical consensus on the adverse health effects of smoking became more emphatic, the smoking rates for college graduates showed a much more rapid rate of decline than that for high school graduates. By 2008, only 9% of college graduates smoked,... This paper comes to the conclusion that it is clear that university education imparts value to the individual, the local community and society at large. Individual benefits are both monetary and non-monetary. Monetary benefits include increased income and consistently high employment rates. Non-monetary advantages range from to better health and healthy lifestyles to a greater sense of well-being and better care of children. In the context of the local community, universities develop the skills of the local community by enlisting and training local students, generate employment opportunities on the campus, participate in community activities, give local community access to university facilities, address the issue of social disadvantage in the locality and raise the prestige and visibility of the region. Society at large benefits in several ways from higher education, with graduates showing greater political participation, decreased crime and incarceration rates, more racial and relig ious tolerance and less dependence on public welfare programs. This paper approves that the higher wages of college graduates obviously translates into a higher national income, which leads to a healthier population and a better functioning society. The benefits of a university education are indisputable. As it is evident that the benefits of higher education are not confined to the individual alone, but also spill over into the local community and society at large, public investment in higher education is a step in the right direction. University education is the best way to ensure that the well-being of all citizens is enhanced and that the nation retains its competitiveness in the knowledge economy of the contemporary world.

R. Twining and Company Limited Assignment Example | Topics and Well Written Essays - 750 words

R. Twining and Company Limited - Assignment Example Strengths These are the attributes that distinguish the company from its competitors. Here, we examine the abilities of the company by investigating its internal environment, which includes the company’s employees, its products and its finances. We evaluate the company’s strengths pertaining its financial position, customer care techniques, cost minimization and employee skills. We need to develop ways of improving the company’s advantages over its competitors in order to maximize profits. To begin with, Twinings Tea’s position in the market should be enhanced to increase its market share when compared to the competitors. This can be done through the training of Twinings Tea marketing staff in better and more customer friendly approaches when dealing with consumers on a personal basis. This will serve to set Twinings Tea on a better position to the consumers’ perspectives; thus, strategically place Twinings Tea in the market. In addition, the research and dev elopment department needs to come up with better blends of tea, for instance, through grafting of two of the major blends into a more superior blend that will achieve higher market dominance compared to competitor products. The department can also look into cheaper techniques of producing tea in order to reduce on costs, thereby maximizing profits (David. 2003, p.57).   2003, p.57). Moreover, an introduction of new tea flavours to the market will see an increase in sale, thus a subsequent increase in company profits. The firm’s management should also come up with regular employee training programmes to increase employee awareness of the ever changing dynamics in tea production. Weaknesses These are other internal factors that demonstrate the company’s shortcomings in its operations and performance of maximum yields. In order to maximize its profits, Twinings Tea should look into ways of totally eliminating its weaknesses or improving on those that cannot be eliminate d. Here, we aim at discovering the various setbacks in the company’s operations, recurring operational and customer experiences failures and the various escalated operational costs. To deal with these weaknesses, the organization should get rid of all the obsolete equipment in all departments and replace them with the latest high technology equipment. We note that equipment that utilize the latest technology require minimal power to operate; therefore, will save on the company’s energy consumption and costs. In addition, the company should clear all its outstanding loans with all financial institutions as the costs of servicing these loans is an enormous burden on the company’s economic wellbeing. The management should create cheaper ways of acquiring additional capital such as floating the company’s shares on the stock exchange. The manufacturing department should reduce on the product development cycle and improve on the products’ image in order to attract more customers, therefore, increase profits (Porter. 1998, p. 43). Opportunities These refer to the external conditions that aid in the realization of the organization’s objectives. They are conditions that the company can turn to its advantage in the attainment of increased sales and profits in the long run (Kendon. 1999, p. 58). The onset of the winter season presents a bonus to Twinings

Summary Case Study Example | Topics and Well Written Essays - 1000 words

Summary - Case Study Example Dr. Joan Stafford talked about some of the environmental design courses offered at Cal Poly. A video showed some examples of houses that had been designed with the environment in mind. Also, some of her own personal examples with dealing with nonprofit organizations were mentioned. Julie Phillips asked what the relationship was between the college of environmental design and the center. Dr. Joan Stafford replied that the college handled all the academic side of things, while the center was allowed to be more hands-on. 1. Know what you want from your internship (if there is no purpose or end goal in mind, then you should not be doing it). The student should know where they are going rather than their career guidance counselor. Four types of learning that you should seek: Skills (what do you want to improve?), Content Knowledge (should emerge with more knowledge in that particular field), Organizational Knowledge (how involved are you in the key decisions that the organization has to make), and Learning about Professional Life (how it feels to be working in your chosen

Comparing the Herakles Myth with Joseph Campbells Hero Myth List Essay Example for Free

Comparing the Herakles Myth with Joseph Campbells Hero Myth List Essay Karen Wagner World Mythology September 27th 2012 Essay #1 Herakles, or more commonly known as Hercules according to Disney is probably one of the most popular myths people have seen or heard, but could Herakles’ myth follow Joseph Campbell’s Hero myth list. Carl Jung defined an archetype myth or Jungian archetype as a pattern of thought that can be translated to â€Å"worldwide parallels† (â€Å"The Columbian Encyclopedia†) that the human race experiences as a culture or an individual. The myth of Herakles includes parts that compare to the Hero Archetype, but there are also parts that do not fit the archetype at all. Joseph Campbell’s list of myths for the common hero includes a list that does and does not relate to the story of Herakles. Herakles’ journey begins from the shared birth from his mother Alcmena, father Zeus and half-brother Iphikles. Hera (Zeus’ wife) decides to take revenge because of the affair Zeus had with Alcmena for Herakles. One the morning Herakles was supposed to be born Zeus had made a previous oath stating the son of his bloodline through Pereus who was born that morning would rule Mycenae. Hera made sure Zeus swore to this and sent down the goddess of childbirth Eileithuia to slow the birthing process. A sly serving girl named Galanthis had told the goddess of childbirth that Alcmena had her twins, once Eileithuia’s guard was down and so was her spell. Alcmena bore twins and Herakles was not the first born, one was the son of Amphitryon and the other Zeus. Hera decides to take action by putting snakes in the twins’ crib in hopes to â€Å"destroy Zeus’ latest offspring† (Martin 148), while Iphikles only wailed, Herakles decided to strangle both snakes to death, identifying the true son of Zeus. Amphitryon stated, â€Å"well, that one’s not my boy† (Martin 148). Herakles grew up quickly, learning his new found strength through his human father and other relatives. His first official voluntarily task was to eliminate the lion with impenetrable hide from Mt. Kithairon. Once the beast was defeated, Herakles skinned the lion and wore his mane and head as a trophy and as a form of protection (Martin 153). Herakles continued doing many labors for different people throughout a large portion of his life; he lay with many women, and marries a few as well. Herakles did some wrong doings and towards the end of his mortal life he dies and becomes immoral, forever to live on in myth. Joseph Campbell’s monomyth list for mythological adventures magnifies the formula described in the rites of passage: Departure—initiation—return. Campbell’s list for the hero archetype can be compared to Herakles, while other parts do the opposite. The first stage of the hero’s’ journey is their birth; Campbell goes into explaining that the birth involves â€Å"fabulous circumstances surrounding conception, birth, and childhood† (Campbell). Herakles’ birth could be seen under fabulous circumstances, an affair, another child, and two dead snakes on the first night; Campbell’s second stage is the â€Å"Call to Adventure† (Campbell), Herakles whilst working on his human father’s cattle ranch heard news of a lion killing the family cows, he volunteers to rid the beast and is successful in the end. Herakles had helpers throughout his journeys, such as Apollo’s grandson Eurytos teaching him archery (Martin 150) or Atlas assisting Herakles in getting the Golden Apples as one of his labors, but not from a specific being or person alone. This being a piece of the myth that doesn’t exactly fit into Campbell’s list but can still compare. Campbell’s fourth entry on the list â€Å"Crossing the Threshold† somewhat relates to Herakles’ story in that he does travel 30 days to defeat the mother of all lions, another with impenetrable hide. Campbell’s crossing the threshold entry explains that the hero must undergo a task or event that takes the hero from everyday life into the â€Å"world of adventure† (Campbell); this could be something small from traveling to a cave or traveling for 30 days. One of the major parts of the myth of Herkales is his love for labors he provides for his people, this definitely relates to Campbell’s work, in that his number five explains the tests the hero must go through, involving a series of monsters and traveling to different worlds and each conquered task increases said hero’s ability to overcome even stronger encounters he will face. Campbell’s number six on his list goes into the helpers the hero will encounter through his journey, this also relates to Herakles. There were parts in his myth where Herakles needed assistance, for example when Herakles wanted to get the golden apples as one of his labors, he asked Atlas to go and he would hold up the heavens until he returned, even though Herakles sort of deceived Atlas in the end, he was still of assistance to the hero. The climax and final battle of Herakles involved his attempt at sacrifice and a struggle to continue living. He was given a cloak that was accidentally poisoned by his wife Deianeira with a previous enemies’ blood that mixed in with the blood he dipped his arrows from one of his labors. The cloak began to tighten around the hero and poison him; he sought revenge on his wife to discover she already killed herself in learning what she had done. Herakles’ myth doesn’t have a happy ending like Campbell’s list basically says in 9, 10, and 11, Herakles’ dies to live on forever immorally, or in this case actually passed but his fame lives on, his story is continued being told and he is recognized as a Greek hero, without any sort of â€Å"elixir† Campbell mentioned in his list, feasting with the gods and his god parents, Zeus and Hera (Martin 179), the mother who was trying to rid him from the beginning. Campbell’s list is to describe how a hero myth translates to actual events and situations people encounter in their lives while growing up, there is an underlying meaning to each situation that happens to the hero. While some parts did relate to Campbell’s list, overall Herakles’ myth strays away from following his list, although there are parts that do relate, the myth is still completely different from Campbell’s interpretation and Jung’s archetype definition, giving Herakles his own myth and his own journey that’s not as cliche from the rest of the myths in the world.

Patriarchy And Violence Against Women Essay Example for Free

Patriarchy And Violence Against Women Essay Author Charlotte Perkins Gilman in her The Man-made World or Our Androcentric Culture (1911) presents the most comprehensive statement of her overall theory. In it she argues that we live in a patriarchy or what she calls an androcentric, male-centered society and that our culture in all its aspects reflects this androcentric bias. Gilman sees this bias as destructive because the male sensitivity is destructive. A woman-centered, or better a mother-centered, world would be very different, because it would express the positive, benign character pf women’s sensitivities. In this work, and in His Religion and Hers, Gilman presents her most extreme statement of the radical differences between men and women. These differences she attributes to prehistoric roles assigned the two sexes. The male naturally fights, and naturally crows, triumphs over his rival and takes the prize—therefore, he was made male. Maleness means â€Å"war† (92) while the basic feminine impulse is to gather, to put together, to construct; the basic masculine impulse to scatter, to disseminate, to destroy† (114). A male-centered culture reflects these negative masculine concerns in nearly every area of expression. Some of Gilman’s most original contributions to feminist theory are contained in her discussion of the ideological warp impressed upon language, art, literature, sports, education, government and religion by the androcentric perspective. While public society is organized as a democracy, the man-made home remainsâ€Å"despotism. † â€Å"The male is esteemed the ‘head of the family’; it belongs to him; he maintains it; and the rest of the world is a wide hunting ground and battlefield wherein he competes with other males as of old† (41). In the â€Å"proprietary family† of the patriarchate, women remain men’s property in the household; they are little more than objects whose purpose is â€Å"first and foremost†¦ a means of pleasure to him† (32). Every law and custom† of the â€Å"family relation† is arranged from the masculine viewpoint (35). â€Å"From this same viewpoint†¦ comes the requirement that the woman shall serve the man. † (35). A greater challenge occurs when campaigns to improve gender equality by promoting the well-being of the marginalized are conducted in sync with trade and development policies that favor the economically strong multinationals and compromise the welfare of the lowly locals, particularly the helpless women and children. We ought to remember that sexism and patriarchy are all manifestations of a power struggle between the strong and the weak, the same kind of struggle linked to globalization and trade liberalization today. Patriarchy involves an imbalance of power between man and woman leading to unequal roles and benefits, a situation that can be seen in a larger context between the developing and the industrialized economies, as the latter’s efforts to spread globalization and to weaken the former’s trade laws also leads to unequal gains. Globalization’s capitalistic intent, although beneficial in several ways since it brings development to poorer states, may be cultural imperialism dressed in new clothes when the more powerful party uses its stronger bargaining authority to manipulate or exploit. (Gilman) â€Å"In no developing region do women experience equality with men. † This clear-cut statement from the World Bank, the reputed international monetary institution, relays one of the most apparent yet often overlooked realities of our time—gender inequality. Gender inequality is a significant social concern that deserves to be analyzed with the utmost diligence using both empirical and scholastic evidences. This inequality is deeply entangled in the fabric of the everyday lives of many men and women, and it has been in existence since time immemorial. Gender inequality, from its very name, implies an uneven treatment based on one’s gender. Essentially, gender inequality is the prejudice that one gender, usually the female, is secondary and subordinate to the more capable and hence superior male gender. Many societies practice gender inequality, with the men reinforcing it and the women passively receiving it, because it is considered part of an enduring patriarchal culture. Deviating from this norm means that one runs the risk of being branded a weak husband or a bad, undeserving wife. Both cases are an embarrassment to the individual and the family. The causes and effects of gender inequality are part of a larger network of social problems that compound the difficulties people face everyday. It is deeply related to other social problems, such as poverty, economic growth and development, and globalization. The World Bank (2001) underscored the notion that gender issues are now more prominent in debates related to development, though the relevance of a gendered perspective in policy-making is yet to be widely understood. Thus, based from its report, gender inequality ought to be considered when drafting developmental policies for poor and developing states because failing to take into account gender roles and relations as well as disparities lead to policies that â€Å"have limited effectiveness† (p. 5). Although gender disparity is characteristic of developing and poor states, it is not restricted to them. This phenomenon is also observed in wealthier and developed regions where both men and women are relatively affluent and do not experience scarcity of resources. In these rich societies, minor but noticeable gender-based discrimination remains. â€Å"Gender discrimination crosses races, classes and ethnicity†¦Ã¢â‚¬  remarks Lucy Bednarek (1998, p. 60) in her article, â€Å"Searching for Equality in a Global Economy. Compared to the gender gap in these wealthier states, gender inequality in poor states poses graver consequences to its citizens. The devalued women and their children feel the pangs of poverty and bear the heavier brunt of economic unproductivity with greater intensity, compared with the men who possess greater freedom, privilege, and economic and political control. As stated by the UN (2004) in Trade and Gender, â€Å"A gendered perspective of development is seen as a difficult enough task,† so that extending the gendered approach to the â€Å"realm of trade† is considered to be an even bigger challenge (55). Yet the organization believes that international trade must assume a gendered approach wherein accelerated economic growth and sustainable development will take place without endangering the well-being of the women and children in the community. The issue of trade has become so important in the consideration of gender equality because the current multilateral trade negotiation and regional trade agreements (RTAs) have pervaded state development policies. Because of these ubiquitous bi- and multilateral negotiations and agreements, governments do not just make decisions solely for the state but also according to the dictates of the global and regional environment or the overall plan of their affiliated economic groups. This environment therefore affects policies on gender; for the UN (2004, 56), â€Å"Every major move in the trading system can have direct or indirect implications for a country’s gender welfare, equity and development goals. † The crime of rape and other forms of violence against women have come into increasing focus in recent years, due in part to the rising prominence of the feminist movement. Rape has come to be widely perceived not only as a means of obtaining sexual gratification but rather as an extreme manner of expressing hostility to women. This broader definition of the term is related to the heightened awareness that far more often than not sexual aggression occurs within the context of courtship or friendship relationships (called â€Å"acquaintance rape† or â€Å"date rape†) or even that of marriage. The recognition that the forms of coercion used by men over women can go beyond direct and overt use of force brings legal theory closer to reality. However, some scholars fear that expanding conceptualization of rape and the imprecise definition of sexual harassment serve to blur the distinction between the sexes, especially between the expanded conceptualization of rape and male initiated seduction. These problems in defining behavior can exacerbate the difficulty in obtaining rape convictions from male jurors who may perceive an uncomfortable similarity between some of their own past actions and those of a defendant in such cases. Clearly, there is heightened sensitivity to the problems of rape and sexual harassment that will lead to accelerated efforts in legal and legislative policy formation. Reflecting this heightened sensitivity is the $1. 6 billion in the 1994 Crime Bill to fund Violence against Women Act. The challenge is to fight rape and harassment in all their forms while protecting the rights of women.

PGs Core Competencies

PGs Core Competencies A business must possess some competitive competencies for success in the field of the business world. I would like to give a brief account of Procter and Gamble (PG) in order to elaborate its core competencies which have resulted in the successful running of the business of the PG. CHALLENGING YET OBTAINABLE OBJECTIVES PG sets objectives that are challenging but yet attainable for its short term as well as long term plans. For example, PG has shown enormous gain in the productivity of human resources because of the HR policies of the company. It hires competitive people, takes measures for training and development, and grooming of the HR. THE STRATEGY PG has proven its self as unmatched and exceptionally well as an organization in formulation, implementation, and controlling of strategies. Both short term and long term strategies are devised, implemented, and controlled through the HR. THE LEADER IN INNOVATION The PG has been a leader in innovation and creation of new product lines. Most of its products have been as a consequence of its innovative strategies. PG invest more than twice invested by its competition in the field of innovation. PG has been a bran-building leader. The companys billion-dollar brands have been successful to keep sustained the growth of sales at 11% rate per year for the decade. THE GROWTH STRATEGY Many strategies have been adopted by PG but this decade the strategies in terms of growth include: tope line, bottom line, and shareholder growth. PG has demonstrated a considerable growth in personal care, baby care, and beauty products. PG takes serious account of its finances for the growth of the business. The following table summarizes the growth result for PG from the year 2001 to 2009. Average Annual Goals 2009 2001-2009 Organic sales growth 4-6% 2% 5% Earning per share 10% 8% 12% Free cash flow productivity 90% 102% 112% LEADERSHIP COMPETENCIES PG behaves just like a leader in the business world. So is the case with the management of the company as well. PG has been lucky to find its top management laden with leadership qualities. Its leadership has taken serious steps now and then for the success of the organization. For example, in year 2000, the PGs president took necessary and challenging measures to put the organization back on track. The actions that were taken resulted in sustainable growth of the organization as well as recovery of the lost business activity. THE CONSUMER AND MARKET RESEARCH PG has been a leader in market research investment. The company interacts with more than five million consumers each year in 60 countries around the world. PG invest 350 million dollars and more in consumer understanding. Hence the organization takes necessary measures for finding the tastes, needs, and wants of the consumers and customers. The investment in the field of research on consumers pays back much in terms of high sales and satisfied customers. RIGOROUS COST AND CASH DESCIPLINE PG has increased its cash productivity to the extent that it has reached 100% for the decade. It has resulted in high earning per share, high credit rating of the company, and allured the potential investors to invest in the businesses of PG. The company has maintained a strong cash management vis-Ã  -vis working-capital management. Sales per employee have grown from $363,000 to $585,000 while profit per employee has increased from 32,000 dollars to 84,000 dollars from the year 2000 to 2009. Similarly the productivity of RD Organization have doubled from the year 2000 to the year 2009. THE ON TIME ACTION PG takes decision as and when needed. This has been the core competency of the company among its core competencies that the company enjoys as a competitive advantage of the PG. A right decision in the wrong time will prove useless. Therefore, it is very important to take preventive as well as corrective measures in order to cope with the potential problems well before the time of incidence. PG has been much active to take preventive and corrective steps to address problems and devise solutions to the problems. THE HR, A COMPETITIVE ADVANTAGE PG makes plans for careers. The company tries to hire the best Human resources. It works on business and functional leaders activity on how to recruit, teach, and coach. THE MARKETING STRATEGY Apart from working on the present consumers and customers, PG keenly strives on improving its competencies in the field of under-served and un-served consumers. PG invests twice that of its competitors in marketing. For example, when one of its competitors was market testing its liquid soap, PG launched the Tide in Europe market to win over the market from its competition. In a nut shell, the history has show that PG has proved its self a leader in marketing strategy formulation, implementation, and control. Therefore, PG has beaten its competition by virtue of competitive marketing strategies. PG has been successful in putting forth marketing strategies that ensure how to win! THE MARKET LEADER PGs well known, trusted brands touch the lives of consumers in more than 180 countries. Some of its brands have crossed the billion dollars target. PG has been successful in launching innovative products with a competitive edge over its competitors. PG top 43 brands are responsible for 90% profit and 85% sales. Therefore, PG has proven its self as leader in brands. For example, PGs market leader products include: Pampers, Tide, Ariel, Cest, head and shoulders, etc. DIVERSIFICATION PG has attained high level of diversification in its lines of products. Some important ones have been shown below in terns of its sales, segment of products, and the category of products. CBU Segment Key Products Billion-Dollars Brands Net Sales (in Billion Dollars) Beauty Beauty Cosmetics, Deodorants, hair care, cleansing, Fragrances, skin care HS, Olay, Pantene, Wella $26.3 Grooming Blades and Razors, Hair Removal devices,Shave products, Home appliances Braun, Always, Gillette, Mach3 Health and Well-being Health-care Feminine care, oral care, dish care, fabric care, surface care Lams, Pringles $16.7 Snacks and Pet care Pet food, Snacks Ariel, Dawn, Downy, Duracell, Gain, Tide Household care Fabric, home Baby Wipes, Bath tissue, Diapers, Facial Tissue, Paper Towel Bounty, Charmin, Pampers $37.3 OFFERING BRAND FOR THE BRANDED PEOPLE An overview of product line has been given in terms of % net sales and % net earning of PG. GBU Segment % of net sales % of net earning Key Products Billion-Dollars Brands Beauty Beauty 23% 22% Cosmetics, Deodorants, hair care, cleansing, Fragrances, skin care HS, Olay, Pantene, Wella Grooming 9 13 Blades and Razors, Hair Removal devices,Shave products, Home appliances Braun, Always, Gillette, Mach3 Health and Well-being Health-care 17 21 Feminine care, oral care, dish care, fabric care, surface care Lams, Pringles Snacks and Pet care 4 2 Pet food, Snacks Ariel, Dawn, Downy, Duracell, Gain, Tide Household care Fabric, home 29 26 Baby Wipes, Bath tissue, Diapers, Facial Tissue, Paper Towel Bounty, Charmin, Pampers TARGET MARKETING PG uses target marketing. To put in other words, PG innovatively launches products for specific segment of the society. Therefore, it offers a wide range of products in its product line on demographic basis. For example, the shampoo range covers many brands that target different people of the society. Head and shoulders shampoo for dandruff while Pantene for shiny and soft hair as the company claims. The segmentation is made on the basis of demography, psychographic, and geography. PROMOTIONS PG has established its position as a leader in promotion campaigns. The company utilizes and invests a considerable amount annually for promotion of its brands. Advertising costs include advertisement on TV, Dish, Cable, Net, Radio, Magazine, and other media. PG utilizes the local media as well to advertise its brands on the local Television, Radio, and other print media. STRIVING AGAINST THE STRIDES PG has had bad times during the course of its history. However, it has fought against the tides successfully by virtue of un-defatiguable efforts, effective plans, post mortem analyses, and taking necessary corrective steps to over come the shortcomings, and putting the company back on the business tract ensuring efficiency and effectiveness.

Personal Goals :: essays research papers

As a student at the University of Phoenix three personal goals that I want to achieve are, first is to complete my bachelor of science in business management in 2 years. Next is to become a better writer. Throughout junior college, writing has always been my weakest point and with the amount of writing assignments required at University of Phoenix this needs to be one of my top goals. Finally is to complete every course with no less than a B letter grade. With making the decision to return to school and taking on the considerable financial burden, receiving an average grade would be unacceptable to my standards.   Ã‚  Ã‚  Ã‚  Ã‚  While being employed full-time, The University of Phoenix has the rare opportunity for working professionals to finish courses in just 5 weeks. Having such a compressed time schedule for completing degrees will make it possible to complete my bachelor of science in business management in 2 years as long as I do not deviate from the program. I have decided that my number one priority in life is to complete my degree. I do not have other major commitments outside of work that will distract me from my assignments so staying focused on school will be realistic. Though I cannot predict the future, I do not plan on taking any time off during the two years that would result in interrupting my class schedule. With the option of taking CLEP test this will allow me to â€Å"test out† of some of the lower-division courses such as communication arts and humanities. Although this will require additional studying outside of my upper-division courses the CLEP test can hel p eliminate additional courses needed to be taken, so I can stay on track of my 2 year goal.   Ã‚  Ã‚  Ã‚  Ã‚  Writing papers has never been my strongest asset throughout school. I always found myself only writing what was required of me but never trying to improve my writing skills on my own time. In junior college the majority of my classes were math and science with a major in Administration of Justice. The only writing that I had to do was case briefs, which was based on legal research, which did not require any creativity, brainstorming and writing skills, just citing the facts and decisions in a proper format. To become a better writer it will take self-discipline and dedication. Because writing is my weakest point, submitting quality papers will require the most amount of my time by doing research and proofreading. Personal Goals :: essays research papers As a student at the University of Phoenix three personal goals that I want to achieve are, first is to complete my bachelor of science in business management in 2 years. Next is to become a better writer. Throughout junior college, writing has always been my weakest point and with the amount of writing assignments required at University of Phoenix this needs to be one of my top goals. Finally is to complete every course with no less than a B letter grade. With making the decision to return to school and taking on the considerable financial burden, receiving an average grade would be unacceptable to my standards.   Ã‚  Ã‚  Ã‚  Ã‚  While being employed full-time, The University of Phoenix has the rare opportunity for working professionals to finish courses in just 5 weeks. Having such a compressed time schedule for completing degrees will make it possible to complete my bachelor of science in business management in 2 years as long as I do not deviate from the program. I have decided that my number one priority in life is to complete my degree. I do not have other major commitments outside of work that will distract me from my assignments so staying focused on school will be realistic. Though I cannot predict the future, I do not plan on taking any time off during the two years that would result in interrupting my class schedule. With the option of taking CLEP test this will allow me to â€Å"test out† of some of the lower-division courses such as communication arts and humanities. Although this will require additional studying outside of my upper-division courses the CLEP test can hel p eliminate additional courses needed to be taken, so I can stay on track of my 2 year goal.   Ã‚  Ã‚  Ã‚  Ã‚  Writing papers has never been my strongest asset throughout school. I always found myself only writing what was required of me but never trying to improve my writing skills on my own time. In junior college the majority of my classes were math and science with a major in Administration of Justice. The only writing that I had to do was case briefs, which was based on legal research, which did not require any creativity, brainstorming and writing skills, just citing the facts and decisions in a proper format. To become a better writer it will take self-discipline and dedication. Because writing is my weakest point, submitting quality papers will require the most amount of my time by doing research and proofreading.

Susan Glaspells A Jury of Her Peers :: Jury Her Peers

A Jury of Peers In   A Jury of Peers   by Susan Glaspell, the story revolves around the sudden death of John Wright. There are five characters that participate in the investigation of this tragedy. Their job is to find a clue to the motive that will link Mrs. Wright, the primary suspect, to the murder. Ironically, the ladies, whose duties did not include solving the mystery, were the ones who found the clue to the motive. Even more ironic, Mrs. Hale, whose presence is solely in favor of keeping the sheriff s wife company, could be contributed the most to her secret discovery. In this short story, Mrs. Hale s character plays a significant role to Mrs. Wright s nemesis in that she has slight feelings of accountability and also her discovery of the clue to the motive.   Ã‚  Ã‚   The unfortunate death of John Wright was a mystery to all. A team of individuals consisting of the sheriff, county attorney, Mr. Hale, and Mrs. Peters were on a mission to find the purpose of the murderer. At this point, Mrs. Wright is the primary suspect. Mrs. Hale was asked to join the party in order to give Mrs. Peters, the sheriff s wife, some companionship. In the story, Mrs. Hale leaves cues of guilty feelings. As an example, the narrator states,   Martha Hale had a moment of feeling that she could not cross that threshold.   The reason being given that she had been too busy to come by but   now   she could come (Glaspell 2). Another instance to be noted is a conversation between her and the young attorney. During this conversation, he asked if they were friends since they were neighbors. Her answer was sympathetic,   I’ve seen little enough of her late years. I ve not been it this house-it s been morethan a year.   Then she goes on to explain,   I liked her well enough. Farmers   wives have their hands full,   it never seemed a very cheerful place (Glaspell 6). At this point, Mrs. Hale s empathy toward Mrs. Wright is apparent.   Ã‚  Ã‚   The two women were left in the kitchen while the men were investigating inthe crime scene. Mrs. Hale noticed the   half done   work in the kitchen. She hated unfinished things. For example, her unfinished kitchen that she had to leave. Therefore, she made a connection between her unfinished business and the one at hand. Susan Glaspell's A Jury of Her Peers :: Jury Her Peers A Jury of Peers In   A Jury of Peers   by Susan Glaspell, the story revolves around the sudden death of John Wright. There are five characters that participate in the investigation of this tragedy. Their job is to find a clue to the motive that will link Mrs. Wright, the primary suspect, to the murder. Ironically, the ladies, whose duties did not include solving the mystery, were the ones who found the clue to the motive. Even more ironic, Mrs. Hale, whose presence is solely in favor of keeping the sheriff s wife company, could be contributed the most to her secret discovery. In this short story, Mrs. Hale s character plays a significant role to Mrs. Wright s nemesis in that she has slight feelings of accountability and also her discovery of the clue to the motive.   Ã‚  Ã‚   The unfortunate death of John Wright was a mystery to all. A team of individuals consisting of the sheriff, county attorney, Mr. Hale, and Mrs. Peters were on a mission to find the purpose of the murderer. At this point, Mrs. Wright is the primary suspect. Mrs. Hale was asked to join the party in order to give Mrs. Peters, the sheriff s wife, some companionship. In the story, Mrs. Hale leaves cues of guilty feelings. As an example, the narrator states,   Martha Hale had a moment of feeling that she could not cross that threshold.   The reason being given that she had been too busy to come by but   now   she could come (Glaspell 2). Another instance to be noted is a conversation between her and the young attorney. During this conversation, he asked if they were friends since they were neighbors. Her answer was sympathetic,   I’ve seen little enough of her late years. I ve not been it this house-it s been morethan a year.   Then she goes on to explain,   I liked her well enough. Farmers   wives have their hands full,   it never seemed a very cheerful place (Glaspell 6). At this point, Mrs. Hale s empathy toward Mrs. Wright is apparent.   Ã‚  Ã‚   The two women were left in the kitchen while the men were investigating inthe crime scene. Mrs. Hale noticed the   half done   work in the kitchen. She hated unfinished things. For example, her unfinished kitchen that she had to leave. Therefore, she made a connection between her unfinished business and the one at hand.