Foreign Finance And Derivatives Markets - 944 Words

Influenced by my, who has invested in the capital market for nearly twenty years, I have targeted investment banking as my preferred career goal. I studied Finance as an exchange student at Imperial College Business School this summer. In International Finance and Derivative Markets classes, I was totally obsessed by the dancing figures and logical charts in the financial world. At the same time, the crash of the Chinese Stock Market provoked controversial discussions in my class amongst students and professors from different countries and with diversified backgrounds, especially when talking about the relationships between financial products (for example, Credit Default Swap) and some well-known financial crises, my classmates came up with a deluge of ideas. This experience further confirmed that I had a deep interest and enthusiasm in finance. I was eager to learn about what happens in the background of these activities, hoping to improve my skill set to provide professional analys is and advice to the general public. Hong Kong is a vibrant city and is rated the third in the Global Financial Centers Index in 2014. The HKU MFIN programme is a well-designed finance programme and the four basic courses of this programme based on CFA curriculum equip students with both quantitative and qualitative skills. One stream of the Master of Finance Programme, Corporate Finance, appeals to me most as it complements my career goal to work as an Investment Banker after graduation. ToShow MoreRelatedA report on the hedging strategy of CITIC Pacific Limited1729 Words   |  7 PagesIntroductionThis report is to check the hedging strategy that was used and lead to the huge loss of CITIC Pacific Limited and point out the importance of managing foreign exchange exposure through select appropriate hedging strategies. 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The Story of Christianity by Justo Gonzalez - 925 Words

The Story of Christianity is a book written by Justo Gonzalez; a native of Cuba. Gonzalez serves on the faculty of the Interdenominational Theological Center which is located in Atlanta Georgia. He attended Yale University, where he received his M.A. and Ph.D. in historical theology; in fact Dr. Gonzalez is the youngest person at Yale to be awarded a Ph.D. He is also one of the first generation Latino theologians and instead of growing up Catholic, comes from a protestant background. In addition to writing many other books, Gonzalez is also Cokesbury’s publishing chief narrator of the Christian Believer study video lessons course and the recipient of the Ecumenism Award from the Theological Consortium in Washington, which he received as a†¦show more content†¦9). He then moves to discussing theological issues and the developments involving various traditions within the church. Critical Interaction Gonzalez’ book manages to convince the reader of the topics discussed and also encourages them to go further in depth of the topics for a better understanding. The fact that the book begins by informing the reader about the existence of a power that influences their future, the author is able to capture their attention. Though, it may seem as if Gonzalez tries to scare the audience by stating that an individual’s past and vision interferes with their personal interpretation, however, the truth is that all of the statements in the book are actually meaningful and help to build the main theme. To capture the reader’s attention and improve their understanding of the book, the author provides a detailed analysis and description of what a Christian needs to understand regarding faith and factors that influence it. By the end of the initial section or at least the detailed introduction, almost any persons that reads Gonzalez work is confident that the book will provide a wide range of Christian related topics that influence our future. This will also entail informing the Christians who are the main audience that the author aims to reach on the importance of faith as a Christian. TheShow MoreRelatedChurch History Paper I1551 Words   |  7 Pagesof sacred literature. Their name is derived from a Greek word meaning â€Å"knowledge†, and believed that the followers of Gnosticism possessed a special and mystical knowledge that would ultimately be the key to salvation.5 Gnostics would often use Christianity as a stepping stone to further their platform that the earth is full of materialism, is intrinsically evil, and is an obstacle to the salvation of the spirit. 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Gonzalez, â€Å"William Seymour was a former slave who was influenced by a Pentecostal preacher.† Upon witnessing, the manifestation of the gifts of the Spirit (i.e., speaking in tongues) Pastor Seymour Azusa Street Mission of Los Angeles was started. Read MoreChristianity : The Early Church And The Dawn Of The Reformation1203 Words   |  5 Pages Since its inception, various leaders have contributed to the overall development of the Christian Church, thereby effecting change and defining the trajectory of the Church as it stands today. In The Story of Christianity: The Early Church to th e Dawn of the Reformation, Justo Gonzà ¡lez points to two apostles—Peter and Paul, or Saul—as exemplars of such leadership, and the evidence suggests that both of these men had a considerable influence on the evolution of the Church. Concerning credentialsRead MorePaper 2 - the Rise of Fundamentalism1726 Words   |  7 Pagesintellectual crisis in the educated Christian community. The claims of Charles Darwin, that were in direct conflict with the statements of Scripture concerning the origin of life, created a damaging confusion that shook the very foundation of biblical Christianity, resulting in major spits within the Christian Church. Intellectual Christians became embroiled in heated debates. Particularly difficult was when Protestant leaders began to split on the proper Christian understanding of Charles Darwin’sRead MoreThe Origins And Central Beliefs Of Islam1735 Words   |  7 PagesThree Theologies for Thee The origins and central beliefs of Islam, Buddhism, and Christianity should be common knowledge to understand our world today and its history. Islam is an Abrahamic monotheistic religion that professes that there is only one god. Muhammad is the last messenger of the god Allah. It’s the world’s fastest growing religion and the second largest in the world. Muslims make up 23% of the world’s population. 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These three factors directly led the church to a position of power in Western Europe and, by relation, the papacy came to be the most powerful position in the region. The first factor that led to the papacy’s increase in authority is the spread of Christianity throughout the region. Coinciding with the collapseRead MoreEssay on What is the Christians Relationship to the Old Testament887 Words   |  4 Pagesimportance the Old Testament applies to our Christian walk. Bibliography Aldrich, Roy L. â€Å"Causes for Confusion of Law and Grace Confusion of Law and Grace.† Bibliotheca Sacra 463, no. Jul (1959): 222–229. Gonzalez, Justo L. The Story of Christianity, Volume I: The Early Church to the Dawn of the Reformation. Second Edi. New York, NY: HarperCollins, 2010. Greidanus, Sidney. â€Å"Preaching Christ from the Old Testament.† Bibliotheca Sacra 641, no. Jan (2004): 4–13. 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Insider trading about Martha Stewart Free Essays

When she was young, Martha committed her attempts to school assignments, obtaining report books full of best marks. She gained a scholarship to Barnard College, where she employed as a model and wedded with a law scholar, and changing her name becomes Martha Stewart. She discontinue her career as model when she was pregnant. We will write a custom essay sample on Insider trading about Martha Stewart or any similar topic only for you Order Now Then she worked as a broker for few years. She was pretty good in doing the job, so she would have recognized about insider trading laws (â€Å"Martha Stewart, broker indicted†, 2003). When she was a college student, Stewart involved in business with her friend. Stewart began a catering business. Her catering business became productive and successful. Stewart started a retail store and sold her home equipments. She co-wrote a best-seller book, entertaining peoples, with long-period fashion ace Elizabeth Hawes. She began cropping up on Television talk shows with confidential information for troubled housewives. She was also having crucial problem with her husband. After Stewarts divorced, her husband married the worker. In the meantime, Martha Stewart’s business remained successful (â€Å"Martha Stewart, broker indicted†, 2003). Stewart launched her magazine, Martha Stewart Living, in 1991. It became an achievement. Two years later, she began her own TV show, Martha Stewart Living. Initially, the insiders were unsure it would run well, but surely it was become tremendously rewarding TV show. Stewart generated a lot of money increasingly at that period (â€Å"Martha Stewart, broker indicted†, 2003). Insider Trading in case of Martha Stewart The Securities and Exchange Commission, in 2002, informed that Martha Stewart was investigated for insider trading case. In December 2001, she had sold 3,928 shares of ImClone Systems merely ahead the Food ; Drug Administration informed that it was entrancing ImClone’s utilization to sell a modern supposed wonder medicine. It seemed like standard insider trading, and it believably was (â€Å"Stephen Moore on Martha Stewart Insider Trading†, 2004). However, inquisitively the federal officials never testified this in courtyard, or even attempted to establish it. Alternatively, they appointed Stewart with four law-breaking, such as confederacy, construction of natural virtue, and two numbers of creating incorrect statements to officials. A jury said that she is blameworthy, and she was decided to be prisoned for five months. They thought that it is a law-breaking to telling the falsity to a fed. The speech communication does not have to be recorded, and witnesses are elective (â€Å"Stephen Moore on Martha Stewart Insider Trading†, 2004). Martha Stewart has been in the news program and media for some months because the U.S. Securities and Exchange Commission considers that she was confirmed by Sam Waksal that his company ImClone’s cancer medicine had been declined by the Food and Drug Administration earlier than this report was published (Schroeder, J., 2004). This state of affairs was a great stroke to his company and the monetary value of its stock descended spectacularly. Nevertheless, Martha Stewart was not monetary injured because she had her stock broker sell her 4000 shares earlier than this information was published. If it is accurate, and it should be lined it has not been evidenced yet, and so she is chargeable of insider trading. The Stewart beliefs should make a resentful after-sensation in conservatives’ openings for other causes. Stewart was a unfortunate person of socio-economic class conflict that has filtered down from the unintelligent (Schroeder, J., 2004). One of the panelists remarked joyously that this final judgment was warrantied, because it would bring a subject matter to the â€Å"valuable and strong†, which they cannot escape with such maltreatments. The print media also pleasured in performing the â€Å"socio-economic class conflict   correspondence† by spiting Martha Stewart for such wrongdoings as dressing high-priced jewelry at the time of the legal proceeding (â€Å"Stephen Moore on Martha Stewart ; Insider Trading†, 2004). Stewart now confronts possibly two years in correctional institution and the termination of as a minimum one-half of her financial condition, all because she handled to preserve herself $50,000 selling ImClone stock at the time of she perceived that one of the medicines the companies had been expanding had unsuccessful to acquire FDA acceptance (â€Å"Martha Stewart Stock Scandal†, 2003). In conclusion, Martha Stewart has been one of the great and victorious entrepreneurs of this contemporaries era. She produced hundreds of millions of dollars of innovative economic condition and nearly an innovative business enterprise that was effectively by herself. She made many occupations and was a booming enterpriser who materialized to produce much money. The origin my edginess is that a number peoples in our social group praise her ruination incisively because of her tremendous attainment. However, attainment is a moral excellence in United States, and while the people begin handling it as frailty, they minimize their competitive arrangement. And so they have an untold greater difficulty in their social group than whether people are exchanging on active stock confidential information among the period of time. Bibliography Martha Stewart, broker indicted. 2003. [Online]Available at: http://money.cnn.com/2003/06/04/news/martha_indict?cnn=yes Martha Stewart settles SEC’s insider trading case. 2004. [Online]Available at: http://redorbit.com/news/general/605372/†¦/index.html Schroeder, J. 2004. SSRN-Envy, Jealousy and Insider Trading: The Case of Martha Stewart. [Online]Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=419580 SEC Charges Martha Stewart, Broker Peter Bacanovic with Illegal Inside. 2003. [Online]Available at: http://www.sec.gov/news/press/2003-69.htm Stephen Moore on Martha Stewart Insider Trading. 2004. [Online]Available at: http://www.nationalreview.com/moore/moore200403090901.asp How to cite Insider trading about Martha Stewart, Essay examples

Analyzing Forces on Amusement Park †Free Samples to Students

Question: Discuss about the Analyzing Forces on Amusement Park. Answer: Introduction: The Amusement Parks offers leisure facilities like shows, water rides, themed exhibits, mechanical rides, refreshment stands along with other attractions. They represent a major portion of the business in the United States and helps in generation of revenue of around $15.4 dollars. However, the Amusement Park Industry in recent times faced decline in revenue and attendance in the period of economic recession (McC1ung, 2012). This industry also heavily relies on declining demographic. The essay thus focuses on corporate strategy, business strategy and operational tactical strategy of Six Flags that is a major operator of theme park. There is also a SWOT analysis done on the Six Flags Entertainment Corporation. The essay also provides an example of Ferrari World Abu Dhabi that is an amusement park located on Yas Island in Abu Dhabi, United Arab Emirates The entertainment industry is gradually gaining a prominence and thereby investments in entertainment projects have been undertaken. Ferrari World in Abu Dhabi is one such amusement park built for the purpose of entertainment. The emergence of Six Flags has also been reason for a similar purpose. Six Flags also known as an amusement park corporation is a part of the entertainment industry and takes up measures for ensuring maximum entertainment to the visitors. The company however maintains thrill parks, water parks, family entertainment centre and theme parks for the purpose of entertaining maximum number of people. Six Flags also known as Six Flags Entertainment Corporation is responsible for the operation of major theme park. In addition, the organization also takes initiative in operating water and safari parks. The organization thus maintains six major regional parks around United States and one park in Canada and Mexico respectively (Sixflags.com, 2017). This is quite similar to Ferrari World in Abu Dhabi, an amusement part in the United Arab Emirates. The parks offered by Six Flags are a combination of state of the art children ride, thrill ride, concessions and choreographed shows. The company has recently emerged from the state if bankruptcy through implementation of new management followed by a retrenchment strategy. The mission statement of the company represents the reason for its existence. The mission of the company thus focuses on surrounding the finest ride of the world with entertainment from field of theatre, sports, music, television and film (About Six Flags Over Texas | Six Flags Over Texas, 2017). Thus, it is an operator of amusement park whose focus is primarily on thrilling and new rides mostly surrounded by characters, activities and shows. The company has adopted various short term and long-term objectives that it plans to accomplish over the coming two years. The short term goals include of Six Flag included development of the sports bars, opening of cafes, ensuring new attractions at every park. Six Flags aims to open bars not only equipped with drinks and food but also make twenty-two flat screen television available for playing a variety of sports around the world (Six Flags' New CEO Outlines Strategy, 2017). The organization also undertakes opening of cafes that contained healthier options. To be in a position like to Ferrari World Abu Dhabi, Six Flags have undertaken major renovations and have made certain expansions for enhancing its portfolio. The long-term goals of the company are also worth a mention. The company has applied for a licensing deal with Meraas Leisure and Entertainment of Emirates for creation of a park in Dubai that would carry the name of Six Flag. The company also went into agreement with Riv erside Investment Group that will enable the trademark of the company licensed in six of the parks in China slated for opening. Business Strategy Formulation Six Flags in order to move forward with its mission focuses in four major areas (Marketrealist.com. 2017). This includes, undertaking investment in the process of innovation, ensuring transition to a brand that is regional and change in the pricing of tickets. Six flag have its operations in markets that are geographically diverse. Thus, to ensure flexibility for responding to local conditions, the park considered as a separate entity controlled by a general manager. A locally appointed management team consists of senior personnel responsible for maintenance and operations, human resource, marketing and promotion, finance and merchandizing. The management team of the individual park also takes up the task of ticket sales, community relations, local advertising and training and hiring of personnel. The general manager of each park reports to the regional executive vice president of the company who then directly reports to the CEO of the company. The company also has an Executive Vice President who holds the responsibility of in-park and retail spending in all the parks. However, the Six Flag parks remain open daily including memorial as well as Labor Day. The parks also remain in operation not only during weekends but also during peak seaso n while keeping pace with themed events. Six Flag faces limited direct competition that proves to be beneficial for the park. Higher capital investment, longer developed lead timing and the restrictions of the zone gave the degree of protection against the newly emerged competitive theme park. The management however estimates the cost to be around $200 million with a minimum period of two years for constructing a new regional theme park similar to Six Flags. This business strategy adopted by the company has not only helped it in regaining its position but also ensure having a competitive advantage. However, for ensuring successful implementation of business strategy there should be an abundance cash flow and access to finance otherwise it will not be possible for Six Flags to undertake necessary expansion by implementing high tech attractions for quenching the visitors craving. Six Flags must ensure that the rides of the parks develop the concept of intellectual property or IP which is able to touch the riders not only at physical level but also at the emotional level. Attractions based on IP are part of ever flowing cycle. The success of the business strategy of Six Flag also depends on the help it receives from its international partners in strengthening its bottom line which implies that the theme park does not invest money on exchange of the any licensing deal with a local developer. The local develop on the other hand operates and builds a theme park based on the specifications put forward by the company representing theme park by paying a licensing fee that might be a fla t fee or a revenue percentage or both. These deals not only ensure a risk free cash flow to Six Flags but also enable the company to expand its brand to the newer markets. There is no point closing the parks for several months during certain periods. Six Flags as a part of its business strategy thus ensures that the theme parks have locations where the mild weather allows operations round the world. However, in this regard the company can ensure building facilities that are weather proof and which have the capability of staying open in conditions which are less ideal. Moreover, to implement a business strategy successfully and generate huge revenue the theme park must compete as a vacation destination with facilities of transport, hotels, dining facilities, entertainment and shopping. Thus, the more facilities a theme park is able to provide in addition to the quality time at the park for meeting the needs of the visitors, the more money Six Flags will make. However, parks that are unable to offer such amenities losses the money to other businesses. This leads to lesser cash flow for company operating the theme park for engaging in activities related to capital expansion. Thus, successful implementation of business strategy ensures necessary undertaking of certain initiatives by Six Flags. Research and Development Strategy The focus on innovation investment is the research and development strategy. According to this strategy, since it emergence from bankruptcy, the company has heavily made investments in the development of new products and rides. According to specific figures, the company devoted 6 percent of its capital to modernization (Blake Jones, 2017). These figures represented about 9 percent of its revenue. The company undertook sixteen major innovations added to eighteen parks of Six Flag. The innovations of the company however categorized into innovative show technologies, world record-breaking rides, and historic theme park transformations. The expenses of Six Flags have dropped to 61% after its emergence from bankruptcy. The actual figures of the drop in expenses were around $81,628,000 from $84, 219,000 within a gap of a year from 2013 to 2014. Similar to other amusement parks like Ferrari World in Abu Dhabi, Six Flags have also initiated fixed set of expenses (Bandopadhyaya, Callahan, Shin, 2012). The company has also saved considerably on the variable cost for products sold outside tickets that includes souvenirs, drink and food. The expenses on these products reduced to $ 1.7 million within a years gap that is between the early parts of 2013 to 2014. Six Flag focused on transitioning from a national brand to regional brand. Most of visitors of Six Flag parks originate within a range of 150 miles. Therefore, the company implemented an operations strategy that helped in targeting the local guests to the local parks (Moore, 2016). This approach was different from the approach initially adopted by the company prior to its bankruptcy. The replacement marketing campaign of Six Flags inspired the regional and local residents to pay a visit to the park by promoting through local television, cinema, radio and digital media. Six Flags emphasized on social media campaigns through first person video posts. There has also been development of the local twitter and face book pages. There were also new contest and competitions in the park. The shift in marketing has therefore coincided with local marketing acquisition and social media platform for promotion of the park. To capture market position similar to Ferrari World, Six Flags plans to provide massive discounts on the admission fees. Coupons often found on the sides of cola cans that show directly in the kiosks of the park that helps them in getting major discounts (Bandopadhyaya, Callahan, Shin, 2012). The recent investor report of the company has highlighted that the local promotional coupons that had offerings on buying one and getting one free reduced. This had led to an increase in admissions per capita. The company also pushed the seasonal passes with the prediction that it will not only help in the generation of more revenue annually but will also increase the flow of cash compared to the number of visitors on a single day, help in building recurring revenue and help in utilizing excess capacity even during the periods of off-peak. Thus, incentives on the seasonal passes have resulted in increasing the season pass proliferation by 18%. The Board of Directors at Six Flag consists of seven members. Of them, Jim Reid Anderson and Usman Nabi are employees at Six Flags while the rest of the directors ensure board experience related to investment consulting, foodservice, entertainment, private equity, casinos and tobacco industry (Levitt, 2014). Executive Leadership Leadership also represents corporate governance. At Six Flags, leadership represents the various posts held by the different leaders. Lance Balk is a member of the general counsel whereas Marshall Barber is the chief financial officer (Investors.sixflags.com, 2017). Kathy Aslin is the senior vice president human resource whereas Danielle Bernthal holds the position of senior vice president, assistant general counsel and corporate strategist. Tom Iven and David McKillips hold the post of senior vice president along with looking after the United States park operations and in park service respectively. However, the international park operations looked upon by John Odum while Brett Petit looks after the sales and marketing. Stephen R. Purtell holds the position of investor relation and treasurer while Leonard Russ is responsible for strategic planning and analysis (Investors.sixflags.com, 2017). Operational tactical planning refers to the process of creation of linkage between strategic objective and goals to the tactical goals and objectives (Vieyra Vieyra, 2014). The strategy is undertaken by a company for describing success, success conditions and helps in explaining what portion of strategic plan needs to be put to operation during given period of operation. The Six Flag introduced the concept of Halloween Town for which there has been substantial change undertaken. This strategy was a huge success with over 9600 attendants. Six flag thus ensured the following steps to make the event a successful one: The new concept introduced especially targeted the families as they have tendency to spend 25% more on food and entertainment. Instead of concentrating on the tallest, scariest and the fastest rides the company now focused more on entertainment factors that are family friendly and includes mainly water rides and costumed characters. In addition, the company also focused on the play area for the toddlers. Introduction of Pocket Friendly Entertainment: Six flags tried to give its audience a mini Disney experience through the new concept of Halloween Town and a price much cheaper compared to the other Halloween attractions. Six Flags discarded the concept of Mr. Six and he is not to be found in any of the advertisements related to the Halloween town. The company also tried to introduce the concept of Dont burn mom. Through this strategy, the company focuses on introduction of not only family friendly ride but also street entertainment. The company also introduced more tweety birds thereby enabling children to take picture with them. This strategy enabled the company to earn accolades from most of the sectors. This tactical strategy has helped the company to revive its position which was to some extent lost due to bankruptcy. The retrenchment strategy adopted by Six Flag involved preparing the amusement parks for getting a thematic makeover (Investors.sixflags.com, 2017). Six Flags aims at an extensive process of changing the names of the parks and at the same time ensure a makeover that is thematic after its emergence from bankruptcy. As a part of the turnaround plan, the chief executive of Six Flags adopted objectives for increasing the corporate sponsorships, improving customer services and make the amusement park more appealing for the families (Macarthur, 2017). Thus, to bounce back and be in a position similar to Ferrari World, the focus was on turning Six Flags in to a business that focused on brining more people and getting them spend some quality time at the park. Moreover, the plans were on for setting up the marketing of parks. The theme park industry has a capital-intensive nature therefore companies responsible for aggressively financing growth with debt will necessarily possess a higher ratio to debt to equity. During the year, 2014, the debt to equity ratio was 4.0. This reflected that the company is financing the operations quite aggressively with the debt capital (marketrealist.com, 2015). However, the debt ratio for a capital-intensive industry standing at two is quite normal. Situation Analysis SWOT analysis The determination of situation analysis of Six Flag is through identification of strengths, weakness opportunities and threats. Similar to the Ferrari World, the strength of Six Flag lay in: The parks placement The introduction of innovative rides Generation of the theme aspect along with maintenance of rides with higher technology (Levitt, 2014). Cost advantage Leverage of assets Effectiveness in communication Presence of strong management team Presence of brand equity that is Strong Presence of a strong financial position Ensures reputation Management The weakness factors represents: The parks dependency on good weather Existence of seasonality in various parks Ensuring gauging of price. The theme parks lacked appeal towards the older generation Indulged in a process where hiring of employees took place in every season. Presence of a competitive market Opportunities of Six Flags represent: Entrance into the newer growing markets Enhanced growth on the internet and mobile media. The increased presence in the global markets The companys presence in the growing economy Threats to these theme parks represent: Race amongst rival operators. Government restrictions and policies that pose hindrance in operation of the park. Threat in the labor market due to the seasonal employees. Increase in the cost of the labor Presence of external business risk The industry analysis is done with the help of Porter which portrays the key pressures that a particular firm faces in the industry where there is existence of competitive advantage. The industry analysis done based on various factors that includes, bargaining power of suppliers, the threats faced from the new entrants, threat of the substitutes, bargaining power of the buyers and industry rivalry (Lillestol, Timothy, Goodman, 2015). Thus, the bargaining power of suppliers is quite high in case of Six Flags. However, Six Flags faces lower threat from the new entrants. As far as substitutes are concerned, it is quite high although the buyers possess medium bargaining powers. Further, Six Flags also faces higher industry rivalry. The organizational analysis is the PEST analysis that puts forward a framework for better understanding of the macroeconomic industry of the organization that is part of the amusement park industry. These however include political, economic, social and technological aspects. The political aspect implies that the regulation act of the government has negative influence on the net profits of the theme parks. The consideration of the economic factors of the amusement park industry shows a growth in revenue between 2.2 to 5.3 percent. The social factors represent the demographics on which a theme park is dependent (Strelets, 2012). This demographic represented by teenagers in the age group of ten to nineteen. Thus, any change in the demographics will directly affect the attendance in the park. However, as far as technology is concerned amusement parks focuses on utilization of technology based on three areas that are cost cutting, seasonal updates and overall guests experience (Khler, 201 3). Conclusion The essay ends with a note that Six Flags is the largest operator of theme park with a mission that aims at providing unique experience to its customers. After its emergence from bankruptcy, the company has not only embraced regional strategy but has also opted for new innovative rides. The company has also focused on social media marketing locally and enhanced the sale of seasonal pass tickets. Through the essay, one can also see that on the financial front, the company has witnessed substantial growth. Referencing About Six Flags Over Texas | Six Flags Over Texas. (2017).Six Flags Over Texas. Retrieved 27 November 2017, from https://www.sixflags.com/overtexas/news-room/about Bandopadhyaya, A., Callahan, K., Shin, Y. C. (2012). Corporate financial strategy. Blake Jones, b. (2017).Six Flags officials detail theme parks strategy.Glens Falls Post-Star. Retrieved 27 November 2017, from https://poststar.com/news/local/six-flags-officials-detail-theme-parks-strategy/article_2bd37a34-a981-11df-b12d-001cc4c03286.html Company History. (2017).Investors.sixflags.com. Retrieved 27 November 2017, from https://investors.sixflags.com/investor-overview/company-history Investors.sixflags.com (2017) Leadership. Retrieved 27 November 2017, from https://investors.sixflags.com/corporate-governance/leadership Investors.sixflags.com. (2017). Board of Director. Retrieved 27 November 2017, from https://investors.sixflags.com/corporate-governance/board-of-directors Khler, I. (2013). Strategic marketing analysis of Walt Disneys Parks and Resorts. Levitt, J. (2014). Strategic AnalysisSix Flags Entertainment Corporation. Levitt, J. (2014). Strategic AnalysisSix Flags Entertainment Corporation. Lillestol, T., Timothy, D. J., Goodman, R. (2015). Competitive strategies in the US theme park industry: a popular media perspective.International Journal of Culture, Tourism and Hospitality Research,9(3), 225-240. Macarthur, K. (2017).Six Flags CEO Outlines Turnaround Plan.Adage.com. Retrieved 27 November 2017, from https://adage.com/article/news/flags-ceo-outlines-turnaround-plan/47810/ Marketrealist.com. (2017) A brief overview of Six Flags' management - Market Realist. Retrieved 27 November 2017, from https://marketrealist.com/2015/01/brief-overview-six-flags-management/ Marketrealist.com. (2017) Must-know: A look into Six Flags' debt-to-equity ratio - Market Retrieved 27 November 2017, from https://marketrealist.com/2015/01/must-know-look-six-flags-debt-equity-ratio/ McC1ung, G. W. (2012). Theme park selection: factors in?uencing attendance.Tourism Management, 233. Moore, M. (2016).Where to invade next. Aec. Six Flags' New CEO Outlines Strategy. (2017).latimes. Retrieved 27 November 2017, from https://articles.latimes.com/2005/dec/15/business/fi-sixflags15 Sixflags.com . (2017). Home. Sixflags.com. Retrieved 27 November 2017, from https://www.sixflags.com/ Strelets, I. V. (2012). The influence of socio-cultural factors on the strategy to promote tourism operator. Vieyra, R. E., Vieyra, C. (2014). Analyzing forces on amusement park rides with mobile devices.The Physics Teacher,52(3), 149-151.

The Cultural Rhythm of Jamaica Kincaid free essay sample

Jamaica Kincaid’s â€Å"Girl† is about a traditional mother who is trying to teach her young daughter the traditional way of growing up to be a woman. Simmons, Diane discuses: â€Å"The story begins with the mother’s voice giving such simple, benevolent, and appropriately maternal advice† (1); And â€Å"In â€Å"Girl† the mother’s chant of information and advice enfolds and ensnares the daughter, rendering the girl nearly helpless before the mother’s transforming will† (2). Furthermore, the title of the story signifies that the daughter is still young and is living dependently on her mother. She still has many things to learn from her experienced mother. In her culture, there is a sign of family love and care for the young one. The mother in â€Å"Girl† gives lectures to ensure that her daughter learns basic skills to be self-sufficient, as well as basic principle of the culture and human being. First, the mother takes an opportunity to educate â€Å"Girl† about tradition role of a woman in their society. We will write a custom essay sample on The Cultural Rhythm of Jamaica Kincaid or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In their culture, women take full responsibility for domestic activities such as cooking, house chores, and sewing. To comply with the culture, she needs to be able to take on the tasks of a woman. Girl† needs to know and practice of house keeping like doing laundry, sweeping house, doing different stuff of cooking, and preparing the table meals. The mother instructs her sensually, with the rhythm of a song as music: Wash the white clothes on Monday and put them on the stone heap; wash the color clothes on Tuesday and put them on the clothesline to dry; soak your little cloths right after you take them off; when buying cotton to make yourself a nice blouse, be sure that it doesnt have gum on it, because that way it wont hold up well after a wash; (719) There are so many things to learn growing up to be a domestic young lady. The mother continues educating her daughter how to cook different dishes. The mother is very particular about domestic order: ;cook pumpkin fritters in very hot sweet oil; soak salt fish overnight before you cook it; and this is how to make pepper pot; (719) She even gives instruction on how to â€Å"set a table for tea, breakfast, lunch, dinner, and for dinner with an important guest. † House keeping is a concern of heath, so she teaches her daughter, â€Å"this is how you sweep a corner; this is how you sweep a whole house; this is how to sweep a yard† (719). The mother’s rhythm of chanting speech goes on as she lists both small details and much more important issues. She tell her daughter â€Å"not to walk bareheaded in the hot sun or eat fruits on the street to avoid flies from following her. † She specially warns about growing an okra tree and taro roots. It is not wise to learn the hard way from our own mistakes when there is the easy way around simple problems. So the mother expects her daughter to have a little knowledge of cultivation: ; this is how you grow okra far from the house, because okra tree harbors red ants; when you are growing dasheen, make sure it gets plenty of water or else it makes your throat itch when you are eating it; (719) From the smallest details, we go to one of the most important knowledge that the mother is passing to the daughter: ; this is how to make a good medicine for a cold; this is how to make a good medicine to throw away a child before it even becomes a child; (720) It is a critical knowledge for the daughter to have in case it is very necessary. The continued tone of motherly advice at first works to lighten the sinister nature of the information imparted and then, paradoxically, seems to make these disclosures even more frightening; eventually we see that, in a world in which a recipe for stew slides into a recipe for the death of a child, nothing is safe† (Simmons 3). With all the knowledge of house hold chores and practical survival skills, hopefully, the daughter is ready to be a self-reliant member of her culture. The mother continues help the young daughter to keep her traditional feminine values, and to be respected in her society. In their society, women are expected to behave and conduct activity in the public in a certain way. Women need to pay attention to the social norm and be aware they way they act in public. They may need to behave in a way that traditional defines the feminine member should be. In this story, the mother makes sure that her daughter is taught the basic principles of their tradition and inherited cultural values. â€Å"Not only manipulates the girl into receptivity to the mother’s condemning view, but also teaches the art of manipulation† (Simmons 3). She teaches what it is feminine, and that there is certain appropriate way to do and not to do thing—the language seems to become even more rhythmic. ; this is how you smile to someone you dont like too much; this is how you smile to someone you dont like at all; this is how you smile to someone you like completely; (719) She also warns the daughter not to speak to or associate with â€Å"wharf-rat boy† in anyway. It might be that it is inappropriate for a gentle lady to talk to bad boy randomly. Her mother seems to seriously restrict her from any involvement with this kind of boy. It seems to be fine with her mother for her to play marbles, as long as she does not â€Å"squat down to play, because she is not a boy. † It might be again their cultural principle: ; don’t pick peoples flowers because you might catch something; dont throw stones at blackbirds, because it might not be a blackbird at all; (719) Finally, the mother’s awareness of her young daughter, naive daughter is growing into adulthood; she needs to pass down to her some traditional knowledge of experiences. This is a sign of family love and maternal care for the young one. â€Å"Spoken almost entirely by the mother, with only occasional interjections by the daughter, â€Å"Girl† offers a catalogue of instructions for becoming the good Antiguan woman. Much of it is devoted to practical matters, such as how to select and prepare certain foods, how to choose fabrics for clothes, how to perform various domestic chores, and how to behave in public. The rhythm of repetition in the instruction has the quality of a litany.

buy custom Romantic Poetry essay

buy custom Romantic Poetry essay In the literary world nature has for along time been considered a significant issue. Different poets have different understandings of nature and this is at times reflected in their works. In this discussion I will discuss two artists of the romantic era, John Keats and Samuel Taylor Coleridge. John Keats as opposed to Coleridge is regarded as a romantic as he worshipped nature and its beauty in his works. In Keats work objects of nature become full of life and of exquisite beauty. However Keats does not only treat these objects as objects without life but rather he creates a personal attachment with them by mixing his emotion in the objects. His work has an expression of personal emotions such as hope happiness, sadness and frustration among other things. A good example is the Ode to a Nightingale in which he expresses the desire to get away from cruel reality which he is unable to bear. He desires to join the nightingale in flying away to the land of his dreams. Coleridge as opposed to Keats took up the elements of nature and presented them in their natural form. As he possessed a powerful imagination and an exceptional narrative skill he often imagined the most supernatural of things and explained them in the most natural of ways. In his work The Rime of the Ancient Mariner, he gives a description of the life of a mariner and his sufferings for killing an albatross. The main thrust of the poem is the reaction of the mariner after killing the albatross. The bird is a creation of God and by killing it the mariner was guilty of a crime before God. The major difference between the two poets is from their view of nature. According to John Keats nature represented by the nightingale has no correlation with normal human life as it something beyond the human being. Coleridge on the other hand perceives nature which is embodied by the albatross as something which is relevant in everyday life as the mariners would feed it and play with it. The albatross is described as their only companion in the infinite ocean. Buy custom Romantic Poetry essay

Nursing Documentation Term Paper Example | Topics and Well Written Essays - 750 words

Nursing Documentation - Term Paper Example The term records is used in this periodical to mean any written by electronic means generated information about a patient that describes the service or duty of care provided to that client. Health records may be paper documents or electronic documents, such as images, electronic medical records, faxes, e-mails and video record or audio. Body Via documentation, nurses converse their explanations, decisions, procedures and consequences of this deed for clients. Records used as exact explanation of what happen and when it happened, hence they give clear information on them. From documentation, information given to individual clients or groups of clients according to the nature of the individuals relates to the consequences of observation. For individual clients, documentation provides entire statement of the status of the client, the proceedings of the nurse, and the client results. Nursing documentation clearly describes an evaluation of the client’s fitness status, nursing inte rventions carried out, and the result of these interventions on client impacts. From nursing health chart, care plan records client’s requirement such as goals of clients and wishes. If care plan, needs any change nurses usually report the information to other health care or physician on behalf of client. For groups of client, this document provides information about therapy groups and public health programs service records hence nurses record overall observations pertaining to the group (Carpenito, 2009). Reasons for nursing documentation Nursing documentation usually help in facilitating communication, it provides good nursing care and it meets professional legal standards. Facilitation of communication Nurses usually communicate with other nurses, client and family members of client. In addition, documents usually show interventions that nurses used and outcome from them and care provided to the client by health team (Lippincot & Wilkins, 2007). Promotion of good nursing c are Documentation is used as a source of fund and it gives management a good picture on how to pay their nurses hence carrying out nursing resources on how nurses produced their job such as if the quality of work given is low or high. Nurses also make decision on work based with outcome information and they make changes from base evidence (Treas, & Wilkinson, 2013). Meeting professional and legal standards Documentation helps management to acknowledge nurses skills and knowledge via nursing client relationship. In a court of law, the client’s health record serves as the legal record of the care or service provided. Measurement of Nursing care and the documentation of that care measures according to the standards. Tools for documentation Documentation has tools such as flow sheets, worksheets and checklists, Care maps and client care plan are some of tools used to describe health records (Treas, & Wilkinson, 2013). Worksheets Nurses use worksheets to classify care provided to manage their time and many rights of the client. They also communicate surgeries, upcoming test and available orders in the clinic. Client care plans Client care plan are outlines of individual care and they make permanent health record I hospital. They also used to record clearly the wishes and needs of client. Flow sheets and checklists Flow sheets and checklists are also used in document routine care, observations and records kept on a regular basis, and there are permanent health

The concepts of supply chains and distribution channels Essay

The concepts of supply chains and distribution channels - Essay Example However, initially, the concepts and practices were not clearly spelt out as it is now. Most of the activities were carried out in an ad hoc manner (Lavassani, Movahedi, & Kumar, 2009, pp. 85–98). Integration of distribution and warehousing (logistics) The concept of supply chain in the company has evolved over time. Most of the segments of supply chain were loosely interconnected. However, as the company developed it had to integrate the logistics, distribution and warehousing together to take advantage of efficiency that supply chains provided. When the company realized that, it had to upgrade its operations due to efficiency brought about by the integration. The company decided to merge the two concepts to form logistics. This made the border between warehousing and distribution became transparent. However, the two ends were still loose, and the management tries to consider making the links stronger and increased the level of resource sharing. This was also coupled with red uced costs and time to market. This was the beginning of evolution in the company (Mentzer, et al, 2001, pp. 1–25) Integration if logistics with production and purchasing The company later decided to optimize the advantages of integration. The company integrated purchasing, distribution, warehousing, and production. The concept worked out right, and the saving was exceedingly. The four functions were integrated, and the core activities under each concept were conducted under the same roof. This was the birth of supply chain in this company. The company managed to align the separate function in the sequence bellow:    Leveraging lean and agile The concept made the company too agile. This is one thing the company has been searching for, the supply chain concept provided the agility required by the company and the company optimized its supply chain concept and leveraged its production to achieve the required competitive age. However, this conceit is long overdue in the company . This has also contributed to the company profitability as the company became more agile. The demanding market and growing competition made the company more profitable due to its agility. The comment managed to increase its product lines and categories (Larson, &, Halldorsson, 2004, pp. 17-31). According the to Kouvelis, Chambers, &, Wang, (2006, pp. 449–469), the volatile and less predictable market just made competition better, and visibility of the company amidst the masses was achieved through agility and leanness Lean concept The modern SCM in companies must be lean; the concepts of leanness help the company to hold the required stock only and assets that can slow down the response time and increase cost are shed. These concepts offer sufficient service levels that can meet growing demand in companies. As a product portfolio, companies must know how to valance between lean and agile. By fine tuning, this company achieves an optimal product portfolio. The different produ ction, which is in the company portfolio, must be treated accordingly (Movahedi, Lavassani, &, Kumar, 2009, pp. 75–88). characteristics of a contemporary Supply Chain concept Lean: The company aims at forecasting at the generic level Economic order Quantities Maximized efficiencies Agile: Demand driven operations effectively Localized Configuration Maximized effectiveness   Then backbone of stable agile and lean supply chain is operations efficiency that brings about6 sustainable competitive advantage. This is based on the supply chain concept that offers a sufficient service level in the face of growing demand   (2) Identify and describe the supply chain and distribution channels

Human resource policies Case Study Example | Topics and Well Written Essays - 1500 words

Human resource policies - Case Study Example Our argument is that, in order to play a strategic role in the organization, the HR policies and practices that make up an organization's people strategy should reflect, reinforce, and support the organization's business aims and objectives. A strong linkage is needed between the overall vision of the organization that is held in the minds of the senior executives and the aims, objectives, and underlying philosophy of the organization's approach to managing people. This linkage will ensure that HR interventions can become a creator, and not an inhibitor, of sustained competitive advantage. This link between people strategy and business-unit strategy we term vertical alignment. Note, however that alignment suggests a much more fluid dynamic that allows for variation and flexibility. It is not a mechanistic "matching" exercise between business strategic objectives and people strategies; often, such matching is simply not feasible and, in any case, will act as a constraint. Instead, the process is evolving, based on an understanding of what the business's goals are, their people implications, and the translation of these into an overarching people strategy that can be used as a basis for detailed HR policies. Some core policy-setting, majority of decision-making and service provision is at the divisional and local level. There is limited shared services or automation, resulting in duplication across the business. Strategic goals: Cost control; divisional growth; market penetration. What this means for HR: HR services are closely aligned to divisional/local requirements resulting in variation in service offering across divisions. Challenges for HR - Evolution is driven by a 'powerful few'; - HQ has grown by adding management layers; - Corporate centre's role is to check what is proposed by divisions; - Centre not seen to add value. HR impact in a nutshell: Requires strong local HR capabilities. HR's response: Matthew Brearley, HR director, Vodafone says: "This definition is partly correct, but I feel HR's ability to influence is a blend of the organizational model and environment and personalities of people. We have a global framework but freedom to work in our territories. Do I have the ability to influence and make change - absolutely." Recruitment and Orientation At the global level, Corporate Responsibility (CR) is integrated into induction training for all new employees, through workshops that talk about the company's CR policies. All employees also receive the booklet on 'Passion for the World Around Us' that identifies the company's values and its commitment to the goals of CR. Vodafone conducts an annual employee survey that includes questions about whether the company is generating trust and adequately managing its environmental

Nature and Causes of Resistance to Change

Nature and Causes of Resistance to Change However there are general points that can be made about the concept of organisation change. Before change take place organisation should know some key factors such as; how much change is needed? How much time is required for change to take place? When should change take place? Who should be key performer in change process? And what role should they have? Who benefits from change and harms from it. There are mainly two forces which puts organisation to change; external and internal. First lets took at external forces: Changes in demand for the organisations product or services for example new trends in market place, change in customer preferences, government legislation Aggressive tactics of competitors for example developing an advantageous improvement in product or in service. Arrival of newcomer with advance and low-cost product or service. Takeover of business by more power full organisation Merger and aquitation Change in supplier Change in terms of trade example currency exchange rate, tariff etc Fail to requite skill employees Change in technology available for business in term to more profits. Change in government rules for example taxation, new budge, new labour law The impact of these external forces in terms of change might differ; depending on organisation and industry in which they compete. For example supermarket Retail Company like TESCO and ASDA will give more important to its competitor. While banking organisation like HSBC or Barclays will immediately respond to economic condition or change in government rule. Internal forces which should in theory be more predictable indication of change are as follows: Planned changes in strategy as result of new mission and goals. Sometimes depends on external consideration. Efforts to introduce cultural change for example change in management style, collaborative working. Change in production methods to improve and make better use of resources. Need to improve quality of products or services. For launching new product or services developed by research and development or sales or marketing department. Need to improve standards or services for dealing with suppliers. Need to deploy human resources where they are most effective. Need to Change or upgrade information technology. Dealing with these external forces of change management have plane how they will respond to them. Some potential changes are being declared well in advance and in these cases planning is taken care proactively. Other general issue concerning organisational change include resistance to change the use of key individuals as change agent and cost of implement change. It is important that managers planning changes should acknowledge that some resistance will be unavoidable. All change will incur some direct cost an example of this is equipment cost, relocation cost, recruitment cost, and possible redundancy payment. Apart from this there will be indirect cost like communicating change to employees, providing appropriate training and temporarily redeploying key managers and staff on the projects. Resistance to change: There is not much point in change in change for changes sake. Most people need to be persuaded of need to change. Some people fear it. The reality is that ever human grouping has some forces within it which keep it together and provide it with stability and other which provide it with reason to change or adapt. Kurt Lewin1 illustrated the dilemma neatly with his classic notion of force field theory. This theory suggest that all behaviours is the result of equilibrium between two set of opposite forces what he calls driving forces and restraining forces driving forces push one way to attempt to bring about change; restraining forces push the other way in order to maintain the status quo. Generally speaking human being tends to prefer to use driving forces to bring about change. They want win by exerting pressure on those who oppose them but as Lewins model suggests the more one side push the more other side resists resulting in no change. The better way of overcoming of it is by focusing on the removal, or at least weakening of objection and fear of resisting side. Thus the initial policy should not be how we can persuade them of our arguments for change? But rather what are their objections and how we can deal with them? Lewin developed three-stage approach to changing behaviour which comprises the following step: Unfreezing existing behaviour: gaining acceptance for change. Changing behaviour: adopting new attitudes, modifying behaviours this is mainly done by change agent. Refreezing new behaviour: that is reinforces new patters of thinking or working. The unfreezing stage is aimed at getting people to see that change is not only necessary but is enviable. The change stage is mainly a question of identifying what need to be change in peoples attitude, values and action, and then helping them to acquire ownership of the changes. The role of change agent who is the main person responsible for helping group and individual to accept new ideas and practise is important at this stage. The refreezing stage is aimed at consolidating and reinforcing the change behaviour by various support and mechanisms like encouragement, promotion, participative management and more consultation. Now let look at kotters2 theory about. John kotter a professor at Harvard business school world-renowned his eight step change process in his 1995 book leading change which are as follows: Create and sustain a sense of urgency about the future. Create and empower a leadership team a guiding of coalition. Developed an end goal, vision and strategy to achieving. Constantly communicate new vision and set out what change in behaviour are required. These are four stages are intended to help deforest hardened status quo. Empowering employees to help change happen by removing obstacle such as restrictive organisation structure, lack of necessary skills, inflexible managers and unimaginative reward system. Generating some benefits in short-term so that people can see some tangible improvements on the way to achieving the goal. Consolidating short gain and producing more change by continuing the action taken in stage five, introducing new projects and bringing in more people who are committed to the change that are sought. Embedding the new approaches in organisation culture so as to avoid eventual regression into previous practice. This implies adapting the culture from some earlier model and being prepaid to adapt again the change. INTRODUCTION The change in an organization is important to stay in the competition between the competitors in the business. Change is an inescapable part of social and organizational life. The concept of change in organization may be wide change or small change. Small change in organisation may be like adding new persons, modifying a program wide. Wide changes will be like lay offs, mergers, new technologies and collaboration with a major company. The Nature and Cause of Resistance of Change Employees can also resist change because they will find some new technology and program to learn and there will be new challenges to face and achieve new goals, but rather they will have fear of unknown future and about ability to adopt it. (De Jader 2001) Argues that Most people are reluctant to leave the familiar behind. We are all suspicious about the unfamiliar; we are naturally concerned about how we will get from the old to new, especially if it involves learning something new and risking failure. FORCES (SOURCES) OF CHANGE An organization can have many different forces for change its organization. Awareness of these forces will be helpful to the managers to change their organization by implementing these changes accordingly in time. There are both external and internal forces which are discussed hereunder:- External Forces External forces for change will be originated outside the organization these force of change may have global effects, because organization generally have an external change when they are eventually find that they are running or going out of business. There are basically four key factors for an external change which are discussed below:- Demographic Characteristics The manpower plays a vital role in business. It is like the essence of business while managing effectively in varied work force. This manpower is very varied. Because of the above the establishments have to manage more efficiently in order to receive involvement and dedication to the work from the workforce.- Technological Advancements As the technology is rapidly changing from day to day, they are new innovations, applications which will make the work quiet easy. It is very important to many organizations to use technology and its applications as a means to improve productivity and market competitiveness. Both manufacturing and service organizations are increasingly using technology. The best Example is most Banks in Tanzania using Automation Teller Machine. Social Factor Mostly all the factors of the change factors of the involves in the public around. Change in the technologies is socially good if the technologies are developing the surroundings. The change can bring the whole turnover of the company but it can happen only with the support of the employees. Unless there is a co operation from the previous employees there may not be any use in the change of management. So change in management first step is to gain support and co operation from the employees is being affected by this. If there is no support then it will be a high risk in change of management. Political Pressures Substantial changes can also be a force due to political events. For example, the shift from socialism economy to liberalization of economy in Tanzania created many new business opportunities. Although it might be difficult for an organization to predict change in political forces, many organizations hire lobbyists and consults which can be helpful in detecting and responding to social and political changes. Internal Forces Human Resource problems/projects Human Resource is another area where an organization can change inside the organization. The management has to decide the change of skill-level of its workers and need to change the level basing on the performance of the workers. Perceptions and expectations, attitudes and values are also a common focus on organizational change. These problems derive form employee perceptions about how they are treated at work and the match between individual and organization needs and desires. Dissatisfaction is also a symptom of an employee underlying problem which should be addressed. Absence of employees in a high level and turnover may also be a force for a change. Organizations can respond these kinds of problems by various approaches like, by implementing reasonable job previews, by reducing the role conflict of employees, burden and uncertainty and reducing the stress of the employees. Anticipation from the employees participation and suggestion for a positive change. Managerial Behaviour/Decisions Interpersonal conflicts between managers and their subordinates is also a sign where change is needed. Behaviour of the employees or managers inside the organization is very important in the organization where managers and their team are directly related to the organizational value. In such cases both manager and employee need interpersonal training or they have to be separated. Managers with leadership qualities and taking the appropriate decisions inside the team are one of the solutions for this kind of problem. Resistance To Change In todays economy, change is all-pervasive in organizations. It happens continuously, and often at rapid speed. Because change has become an everyday part of organizational dynamics, employees who resist change can actually cripple an organization. (Mullins, 2005). Resistance is a compulsory response for any major change. Individuals will rush o defend their status quo if they feel their security or status is threatened. Resistance may be the conduct which may serves to maintain the status quo in the face of pressure to alter the status quo. Individuals are not ready to resist the change, but rather they may be resisting the loss of status, loss of pay and comfort. Why People Resist Change in the Workplace Now-a-days all the companies, Government departments and institutions, no matter whether public or private, no longer have a choice, the change is mandatory to survive in the competitive world but unfortunately people tend to resist change. Change in an organization is not an easy task, this will increase the pressure on the management to learn the transparency of change. The perception of change will differ between managers and employees: top level management seeks a change is an opportunity to strengthen and to advance the business in their career, whereas for employees, included middle level managers change is never sought after it is disruptive and intrusive. The following are the best described reasons why people resist change. Fear of Failure Resistance to change may cause fear. During periods of change, some employees may feel that the past is the most secured and predictable time. If they have performed well in the past, they may resist changing their behaviour that they may not achieve much in the future. Creatures of Habit Working things in same routine manner is comfortable, asking employees to change away from the routine work they may think why do we need change?. In some cases, employees may ignore change because it may require employees to experience something beyond from their normal and easy method of operation. No obvious needs Some employees may fail to recognize the positive impact of change in the organization, so they may find change is unnecessary. Some employees may see a change in their attitude of impact on their jobs. Loss of control Employees are used and are more familiar with the work style which gains a lot of control over their work environment. They may feel that this will not be possible and think they may loos control over their work when the organization is changed which may confuse the employees and feel powerless. Unwillingness to learn Some employees prevent their own growth and development; they may even hesitate to try or learn new routes and express their unwillingness to learn. Fear that the new way may not be better Some employees may resist change because they fear that the change may not result in improvement. As their current status is quiet sufficient and may not need change because they dont know whether the change may result as the same. Understanding and Managing the Resistance to Change It is very much important that the managers should resist the change, if failed change efforts are costly. Cost includes decrease of employee loyalty, probability of achieving goals will be lowered, and waste of money and resources and fixing the failed change effort is difficult. Using strategic measurements can be a way of building support. The other parts of process like, involving employees from the beginning, explaining the reason for change in the organization clearly, clear strategy, direction, vision and also accepting and respecting the viewpoints of the employees. Employees often do not accept change which cannot be controlled; however it will be more likely to have a substantial influence on change. Overcoming Resistance to Change Resistance to change will be a complex issue by the employees in the management and ever-evolving organization of today. The process of change is extensive, and employees resistance is considered a critically important to overcome resistance to change. There are tree key conclusions which should be kept in mind before recommending the approaches to overcome resistance. First, an organization should be ready for change before it gets affected. It is better to conduct a survey should be conducted and evaluate it when the organization is ready to undertake change. Second, change will not be successful when the top level management fails to inform the employees and aware them about the process of change. Third, understanding the change may affect resistance of employees, they are less likely to resist. Positive Resistance to Change Managers often understand resistance negatively and employees who resist are considered disobedient and organization must overcome the obstacles in order to achieve new goals. Employee resistance will play a dominant role and useful when there is a change in organization. Initiating the proposed change by the management is possible when employees resist change. Which can help the organizations to select all possible changes in appropriate to the current situations. According to (De Jager 2001, Resistance is simply a very effective, very powerful, very useful mechanism. Monitoring Organizational Change Effectiveness cannot be measured if the change is not monitored. During change monitoring is particularly crucial due to many forces. Complications increase while the process of change. CASE STUDY: CHANGES IN THE MANAGEMENT STRATEGIES: Tata is one the leading car manufacture in India. In 1992 the management of this company has been changed. Here the brief description of the company when Ratan tata taken over the company in 1992. After the Ratan tata taking over the Tata businesses, he implemented many of the strategies like unite, refocus and modernize the group, the strategies were the revival of Tata administrative services (TAS) a department of Tata Services Ltd. had been recruiting talented individuals for management career acceleration in group affiliates since the 1950s. TAS had been successful compared to other domestic companies in retaining people but the prestige had waned somewhat in recent years. Ratan promoted TAS as a premium career and elevated the programs status among up-and coming business leaders through media exposure. TAS was to become a group talent resource by enlarging the program and improving the mobility of TAS participants among group companies. New TAS recruits (mostly MBAs) were to work in a range of industries in the group. The Compensation packages offered to TAS recruits are also redesigned to match the market rates. These efforts to revive TAS and make it a destination of choice for talent paid off well for Tata Sons and all the group companies which opted to participate in the TAS program. The another important strategy was the restructuring the whole business like The objectives for restructuring were defined clearly. First one, Returns must be greater than cost of capital, Each company must be the industry leader occupying one of the top three positions; and The business identified must have potential for high growth and should be globally competitive. Having decided on these objectives, there were clear strategies for exits. There was a break from the earlier sentimental approach to businesses that have been built over decades. Ratan Tata decided to exit the businesses of soaps and toiletries, cosmetics, consumer electronics, pharmaceuticals, computer and telecom hardware, branded white goods, paints, oil exploration services, cement, textiles equally fervent was his expansion/entry into businesses identified as having high growth potential. These included passenger cars, auto components, retailing, telecom, power and insurance. Conclusion: Change is inevitable and is must in the present days where it is needed in the present competitive world to stay in competition. Taking the right step in right time will save the organization from getting out the business. Change in should reflect to the goals of the organization in such a way that the members of the organization understand, implement and achieve the goals accordingly.

Essay --

Genetically altered Importation and Exportations of Food Most of America’s food is processed or genetically engineered. Since the dawn of agriculture, biochemists study our food. Our food is gets new additives every day; however, it is difficult to keep food good without certain chemicals and additives. The debate about processed foods or genetically engineered food increases due to the genetically modified food organizations in Europe. The European Union continues to ban more and more food subjugated to the genetically modified (GMO) category. The US concludes that banning GMOs is not necessary. Europeans believe that it is their right to know what they eat; however, Americans should have the same right as well. Americans should have the right to know what additives are it their food. Genetically modified food should be labeled genetically modified or GMO. â€Å"Seventy percent of US foods are processed† (A-1). In addition, are chemical ingested. This process genetically engineered to make them stay fresh during the import or export process. Our food in the US processed in many ways. For example, farmers spray wheat with pesticides so that insects and unwanted animals will not contaminate them. â€Å"In most of the food items that we have come to know as processed foods, foods such as cookies, crackers, cereal, and yogurt are all crammed with chemicals that’ll let it sit on a shelf for a good long time† (A-2). Chemicals used to keep food fresh and stay fresh for longer period than what the expiration date says. Foods like cereal can be placed on a shelf at home and easily stay fresh a lot longer than what the expiration date says. People wonder if their product is safe. If a product is able to stay fresh in abnormal places, it most likel... ... concerned bout having enough food for the mass majority of the American population the US concludes that banning GMOs is not necessary. Europeans believe that it is their right to know what they eat; however, Americans should have the same right as well. Americans should have the right to know what additives are it their food. Genetically modified food should be labeled genetically modified or GMO in order to sease all debates with the American and European union. Not only is it the European union there are small organision debates that benach out all over the world. Ameircan food organisastions argue because they demand to know what is in there food. If the American union would agree to label all food items that are GMO, â€Å"GMO† the European union as well as America could save a ton of money annually because they wouldn’t have to spend it importation food testing.

Just War Essay

Current events all over the globe raise questions with respect to the propriety and ethics of waging by one country to another. For example, there are some events that force people to think, rationalize, and make a distinction between war in its traditional concept and a war against terrorism, which makes it crucial for a state to obtain information from captured terrorists in a short period of time (Moseley). There are international standards and agreements that set the rules with respect to the waging of war, specifically applied in determining whether the war waged is just or not (Williams, Jr.and Caldwell). For one, there is the Geneva Convention, which deals with the noble objective of protecting Prisoners of War (POW) from various abuses (Moseley). The most popular theory dealing with the ethics, morality, or propriety of waging war is the â€Å"just war† theory (Moseley; Williams, Jr. and Caldwell). This theory refers to justice in war, or moral support for war (Moseley). Just war theory has two aspects: the theoretical and the historical tradition (Moseley; Williams, Jr. and Caldwell). In the former, the justification and reasons behind war are discussed; while in the latter, the focus of attention revolves around the body of rules and agreements entered into by international bodies that are supposed to be applied in times of war (Moseley). The former is also known as jus ad bellum, while the latter is also known as jus in bello (Moseley). Both concepts are not mutually exclusive, and both deal with the morality of conduct and the decision to go into war (Moseley). These concepts have a long history of tradition that built the rules of conduct to be observed during war (Moseley). The concept of jus in bello had been formulated due to decades, or even centuries of experience (Moseley). Thus, it must be deemed applicable, even to modern types of war experienced by the world today, like the war against terrorism. Indeed, the war against terrorism is of a different kind from the other kinds of wars that humankind had seen (Schwartz). However, the differences, such as the alleged pressing need for information, are not enough to abandon standards that are designed to protect the dignity of the human person (Schwartz). One of the criteria of jus in bello is strict proportion of the conduct with the objective desired (Moseley). Applying this criterion to any proposal to wage war against a country or group of people, there would ultimately be the question of whether the use of force, that would necessarily end in the loss of thousands, if not millions of lives, would justify the achievement of various goals, such as freedom, economic independence, or national security (Schwartz). Works Cited Moseley, Alexander. â€Å"Just War Theory. † 2006. 10 Oct. 2007. . Schwartz, Joseph M. â€Å"Misreading Islamist Terrorism: The â€Å"War Against Terrorism† and Just-War Theory. † Metaphilosophy 35(2004): 273-302. Williams, Jr. , Robert E. and Dan Caldwell. â€Å"Jus Post Bellum: Just War Theory and the Principles of Just Peace. † International Studies Perspectives 7(2006): 309-320

Borges in spanish essays

Borges in spanish essays La Esperanza se trata de un hombre que se aloja en un hotel abajo del nombre de su enemigo, Villari. Allà ­ toma muchas precauciones para asegurarse que nadie lo ve. Pocas veces salà ­a e iba al cine, y allà ­ tambin se escondà ­a sentndose atrs y se iba antes del fin de la pelà ­cula. Solo una vez se encontr con una persona, y fue porque se atropello con alguien. Villari se hizo como si no conociera el hombre y se volvi al hotel. Durante el tiempo que se queda en hotel tenia pesadillas de ladrones entrando a su habitacin y siempre se despertaba cuando lo iban a disparar con una pistola. Cuando se despertaba siempre se encontraba adentro del mismo pesadilla que se despertaba de en la misma cama. Despus de varias semanas, alguien llega a su puerta. Villari se encuentra con su asesino y sus asistentes. El se queda en su cama como si estaba so Este cuento de Borges describe a un hombre que sabe a un punto que su enemigo va venir y asesinarlo. Por consecuencia el espera para el dà ­a que llegue. Esto es en efecto lo que todos encontramos en nuestra vida, todo mundo sabe que un dia llegara su muerte, pero nunca saben cuando. Alejandro Villari, el enemigo del personaje principal, representa la muerte, si Villari estuviera muerte entonces no tendrà ­a un fin a su pesadillas. El personaje principal entonces se da cuenta de su mortalidad y se encuentra satisfecho con las cosas simples de la vida. La Esperanza no es como otro cuentos de Borges porque la final es obvio. Tambien la tema del laberinto no esta realmente presente. Se puede decir que el personaje estaba en un laberinto entre la realidad y su sue "Emma Zunz". Borges cuenta la historia de una chica judà ­a que ...

Martinez Surname Meaning and Family History

Martinez Surname Meaning and Family History Martinez is a patronymic surname meaning son of Martin. Martin comes from the Latin Martinus, a derivative of Mars, the Roman god of fertility and war. Surname origin:  SpanishAlternate Surname Spellings: Martines, Martins, Martinson; see also Martin Fun Facts Martinez is the second most common surname in the Spanish language, and the second most popular Spanish surname in America, just behind Garcia. Famous People With the Surname Olivier Martinez: French actorPedro Martinez: Pitcher for the New York Mets baseball teamYsidro Martinez: Inventor of a below-the-knee prosthesisMayre Martinez: Winner of the first season of Latin American Idol Where Is the Surname Most Common? The Martinez  surname is the 74th most common surname in the world, according to surname distribution information from  Forebears, and is among the top 10 surnames in Honduras (#1); Nicaragua and El Salvador(#2); the Dominican Republic and Paraguay (#3); Mexico (#4); Spain, Colombia, Venezuela, Cuba and Panama (#6), and Argentina and Belize (#8). This means that tracing a familys possible origin based on the surname is of little use. According to  WorldNames PublicProfiler,  the Martinez surname is fairly prevalent throughout Spain, but is especially common in the Murcia region, followed by La Rioja, Communidad Valencia, Castilla-La Mancha, Asturias, Navarra, Galicia, and Cantabria. Genealogy Resources Martinez DNA Project: Open to any male with the Martinez surname or its variant from anywhere in the world.Martinez Family Genealogy Forum: This free message board is focused on descendants of Martinez ancestors around the world. Search the forum for posts about your Martinez ancestors, or join the forum and post your own queries.  FamilySearch: Explore over 11  million  results from digitized  historical records and lineage-linked family trees related to the Martinez surname on this free website hosted by the Church of Jesus Christ of Latter-day Saints.GeneaNet: Includes archival records, family trees, and other resources for individuals with the Martinez surname, with a concentration on records and families from France and other European countries.Ancestry.com: Explore over 14  million digitized records and database entries, including census records, passenger lists, military records, land deeds, probates, wills and other records for the Martinez surname on the subscripti on-based website, Ancestry.com. References Cottle, Basil.  Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967.Dorward, David.  Scottish Surnames. Collins Celtic (Pocket edition), 1998.Fucilla, Joseph.  Our Italian Surnames. Genealogical Publishing Company, 2003.Hanks, Patrick and Flavia Hodges.  A Dictionary of Surnames. Oxford University Press, 1989.Hanks, Patrick.  Dictionary of American Family Names. Oxford University Press, 2003.Reaney, P.H.  A Dictionary of English Surnames. Oxford University Press, 1997.Smith, Elsdon C.  American Surnames. Genealogical Publishing Company, 1997.

The Founding Docs of the U.S Government Article Example | Topics and Well Written Essays - 250 words

The Founding Docs of the U.S Government - Article Example It was also precursor to the social justice that was intrinsically linked to declaration of independence. It emphasized equity and freedom for people from all walks of life cutting across race, culture and color. The representative republic governance was considered as American experiment mainly because it laid the foundation of democracy that worked for people and was formed by the people through elected representatives (Stedman & Lewis, 1987). They received the right to power from the constitution to safeguard the interests of the people. The new democratic framework tested the enduring ideas of founders and proved that experiment of representative government can succeed. The Bill of Rights fulfills the ideas of American enlightenment as well resolves the differences between the federalists and non federalists. Through ten amendments, it comprehensively promotes equality and freedom of speech. The various clauses within the constitutional amendments ensure the federal and state rights work towards the wider welfare of the people and safeguard their interests through legal provisions. National interests are taken care by the federal government which enjoys huge power but the limitations imp osed by the constitution ensure responsibility and accountability in their actions thus, satisfying both the federalists and non federalists. (words:

Strategic Plan Essay Example | Topics and Well Written Essays - 1000 words - 1

Strategic Plan - Essay Example To complete the strategic plan for â€Å"Sir Harry†, a SWOT analysis would be provided, in conjunction with stipulating the lounge’s mission and vision statements, values and objectives, as well as strategies and goals. â€Å"Sir Harry’s† aim to provide top of the line service to customers looking for a quiet respite from the busy life through posh and romantic ambiance and the luxury of enjoying cocktails in the company of friends. The lounge bar embodies the perfect get-away to unwind and spend quality time to treat oneself or friends to an extraordinary nightlife experience. The vision is to employ initially a small staff of highly qualified and competent personnel totaling 10 in all to increase annually by 3 to 5 personnel depending on the number of guests and visitors that patronize the lounge. These personnel would assume the roles of a lounge manager, finance, human resources and operations manager, and the rest would be in charge of directly addressing the needs of the customers through expertise in cocktails, specialty hors-doeuvres and canapà ©s, serving, as well as security and maintenance. The projected sales are initially $5,000 per night for the first month, and to increase by 10% until the sixth month. From the sixth to twelve months, sales is expected to pick up by 20 – 25% until the 2nd year. The values that would make â€Å"Sir Harry’s† stand out among the rest of the lounges in Hawaii is its adherence to exemplary service that would not only satisfy customers but delight them into coming back for more. In addition, the luxurious, sophisticated and romantic ambiance makes clientele extend their stay and look forward to more nights of experience with â€Å"Sir Harry’s†. 1. Owner/Proprietor: Prepare and develop a comprehensive business plan and forge contacts with suppliers to position the lounge as an upscale bar within the Hawaii district with the next 3 to 5

Traditional family Essay Example | Topics and Well Written Essays - 750 words

Traditional family - Essay Example Life has become so expensive and it is not possible for the man's income to be enough to bring the food on the table. For this case, both parents are forced to work in order to provide for their children. The wife was left alone to do all the house chaos in a traditional family setting which is different today since one can employ a house girl or boy to do the house jobs while the wife go for a white collar job. On the other hand a man was treated like a king and the wife as a servant in the traditional family but today the wife has a bit of freedom since she can choose what she want with her life. House chaos in a traditional family setting was divided in gender. For example, the woman takes care of the children inside the home and the man works outside the home. Each person knew what he or she was supposed to do for example the boys were supposed to help their father while the girls were supposed help their mothers with cooking and washing dishes. Traditional family has some values which are usually social standards brought about by natural forces of nature. These values have been tested customs which normally provide emotional and physical support for rearing offspring. The religious value and traditions reinforce these social values. The traditions reflect a natural order responsible for providing and protecting children as they grow and learn. The tradition family was seen as an institution responsible for bring up physically and emotional healthy children. Naturally, a family institution is suited for supporting each other through unconditional love; growing children and providing for them both physically and emotionally. There has been too much divorce and cohabitating in the society today such that the traditional family is on the decline. There is more than fifty percent divorce in our society today. In the United States, people spends less time in marriage than they used to do as they see no use of marriage and family as well as bearing children. Due to the fact that traditional constituted, the people now see that marriage and family are not satisfying the social and intimacy need of many people. Traditionally, the main aim of marriage was to produce a male heir who was supposed to carry on the family line and not to provide mutual companionship and support for husband and wife. Today, this is very different as people are comfortable with either they get a male or female child. Recent studies have shown that a female child look after their old parent more than their male counterparts against the traditional believe that the male child was better in looking after their aging parent. Many people today value their nuclear family other than the extended family due to drastic economic changes that have affected our economy. For this case, one has to have a smaller family in order to provide basic food to them all with difficulty. On the other hand it is not also possible for one to build big quarters for our extended family hence we are forced to live with our nuclear family.