Thursday, October 31, 2019
International Business Essay Example | Topics and Well Written Essays - 2000 words - 3
International Business - Essay Example The three major economies of the world have enjoyed massive benefits just for the basic fact of their great economic prosperity. However, it has not gone unnoticed that there are other economies of the world which are rapidly positioning themselves as new economic superpowers. These countries are posing as a serious threat to the dominance of the three major economies known as the TRIAD. This paper will discuss how the TRIAD economies have evolved and dominated patterns of international business. It will also illuminate on the evolution of these TRIAD economies as well as how TRIAD economies have sustained their dominance in increasingly global markets. On the other hand, the paper will also look upon how emerging economies have evolved and are now challenging TRIAD dominance. The concentration will also be on the characterization of the current international business dynamics resulting from the rapid growth of global supply chains as well as looking into the factors which could impa ct future patterns of international business. The TRIAD economies The economies which compose of the TRIAD are the economies of USA, Japan and Germany (Srivastava et al 2012, p.321). These economies have been placed in this bracket for being the best performing economies in the world for a substantial period of time. The measurement of the performance of the world economies led to the isolation of these world economies into clusters of super powers and super performers such as the three countries in the TRIAD and others in the categories of average performers and low performing economies. The evolution of the TRIAD economies It would be imperative to note here that the three economies of the world, famously referred to as the TRIAD in the economic circles have evolved independently and in different phases. This is more so because of the adversity and diversity of the setup of the countries economical as well as political systems. USA was the first country to become a super power aft er the country displayed a massive economic growth and development. The USA started attaining economic dominance soon after the world war one after it decided not to take sides in the war and concentrate on building itself up as a nation. When other powers such as Germany were busy in war, USA was busy remodeling itself as a world superpower. By the time the country decided to get into the world war after world war two and take side on the allies, the nation boasted of a strong economic base backed by a strong growth domestic product (GDP) of the nation. Japan could have easily topped over the USA as a super power but its involvement in the war which prompted a counter attack by the USA curtailed this development (Waheeduzzaman 2011, p. 111). Germany underwent a massive economic recession in the year 1939 during the great depression forcing it to devalue its currency. This somehow retarded its economy. Later on however, with the assistance of the USA and other nations, Germany regai ned its economic strength and even went further to overtake most nations so that it could claim its place among the three greatest economies of the world (Akroush, 2012, p. 345). The same case goes for Japan. After the bombing of Hiroshima and Nagasaki, the economy of Japan was disoriented (Sardy et al 2010, p. 12). The USA assisted the nation in the process of rebuilding itself. With a robust, huge and hardworking population of this nation, the economy of the
Tuesday, October 29, 2019
NHS Care Records Service Failure Case Study Example | Topics and Well Written Essays - 1750 words
NHS Care Records Service Failure - Case Study Example This would have allowed for ease of treatment, while at the same time allowing for easier and convenient collection of health data for research and planning by the health department (NAO, 2006:7). Further, the involvement of several local service providers through contracting four different firms was a noble idea, since it was meant to forestall the complete delay or failure by a single service provider. However, the major weakness associated with this strategy of contracting is that the different local service providers would easily fall out of the central monitoring of the Department of Health and the relevant agency (NHS Connecting for Health Agency (CfH), resulting in the failure of the programme due to weaknesses in coordination of the multiple implementers of the programme (King & Crewe, 2013:24). The Contingency Theory of Management provides that managers make decisions regarding issues facing an organization based on the situation at hand, as opposed to the application of a ââ¬â¢one-fits-allââ¬â¢ approach (Seyranian, 2009:153). Thus, according to this theory, a manager will take a management decision based on the most important aspects facing the organization at the moment. Therefore, this theory provides that different managerial positions will demand a different form of approach while making decisions for the organizations. For example, while a manager who is responsible for managing a higher institution of learning such as a university may prefer to apply a consultative approach, a manager managing a military camp will mostly be suited to adopting an autocratic approach (Seyranian, 2009:155). Thus, the NHS Care records service failure is an example of a management situation where the Contingency Theory of Management became applicable. The National Programme for IT (NPfIT) was dismantled in June 2013, after a period of more than 10 years in operation, having not satisfactorily delivered the targeted objectives of the program (CAP, 2013:5).
Sunday, October 27, 2019
Summary Of The Wedding Novel English Literature Essay
Summary Of The Wedding Novel English Literature Essay One of the most anticipated events of this special month is the wedding of one of the daughters of New Berns best lawyer, Wilson Lewis. His daughter Anna is finally engaged to her long time boyfriend, Keith, and to make it more special their getting married at the date Wilson and his wife, Jane, got married. However, there was one problem; they only got one week to prepare this wedding. How can everything be possible? Preparing this wedding wasnt easy but soon all their hard work paid off. The wedding will take place in Noah Calhouns house and garden, the place where Jane grew up and the place where Janes sister, Kate, also got married. This place was special for the whole family, but a week ago this house was a complete disaster. It had been abandoned for years since Noah and his late wife, Allie moved into Creekside. Miracle, I thought, was the reason why from where I am looking now this place was magnificent. http://www.sweetgumbottom.com/images/garden-weddings_header.jpg Not only did they finished this house in a matter of days, they were also able to get a photographer, a caterer provided by Henry MacDonald, and a musician, John Peterson, to play during the wedding and the reception. All may seem impossible but they did it. Everything was perfect and the one thing I admired the most was the rose garden designed with five beautiful hearts. No doubt for sure that they spent a lot of money, from my early conversation with Wilson, he does not have one bit of regret as long as his daughter is happy at her wedding. It had been a long wait and finally John Peterson began to play the piano and I knew at that very moment the bride is on her way to the aisle. To my surprise, Anna was not a bride. She was just an ordinary guess wearing the same dress as her sister, Leslie. I was confused at first but when Jane walked in her dress with a bridal veil and a bouquet, I knew she was the bride we were all waiting for. This is one of the most unforgettable weddings that ever happened here in New Bern. Not only was there twist in the end, we also gained so much knowledge about love in this wedding. We come to realize that love is not just a word but the action you take to make it happen. Wilson and Jane had a tough thirty years of marriage but they learned to be love and fall in love all over again. Anything is possible when it comes to love so never ever give up on it! The Wedding by Nicholas Sparks contains a lot of cause and effect relationships towards the two main characters. The novel started of on August 23, 2002 when Wilson forgot about their twenty-ninth anniversary. This was the day Wilson finally comes to understand that Jane might have fallen out of love with him. Forgetting their anniversary was not the only reason why they grew apart. All of the causes built up to one strong force that strike down the bowling pins in just one hit. First of all, Jane and Wilson grew up from two completely different families. Wilson growing up mostly alone as both his parents work as one of the most trusted lawyers in Washington, D.C., never experienced what love really is. He never knew the exact meaning of romance or even how to be romantic. In the other hand, Jane grew up in a family full of love, romance, and happiness. Through her parents is where Jane learned what love truly is. Another major cause occurred at their own wedding. Every girl in this world wants their dream wedding to come to reality. However, Jane never got hers. Wilson wanting to start a law firm as a new law graduate did not want to spend more money than needed. Also as a man, Wilson wanted to pay for the expenses of the wedding from his own pocket. He didnt want to rely on anyone especially to Janes parents. Then their honeymoon didnt even last a whole weekend since he has to get back to work right away. As the new provider for the family, Wilson wanted the best for his family. He wants his children, Anna, Joseph, and Leslie, to have a good education and a good life. He achieved this by spending almost every minute of his life working. Spending little time at home brought major consequences. He left the responsibility of raising kids to Jane. He missed birthdays, school plays, and soccer games. Wilson basically missed his children growing up. Lastly, Wilson forgot about their anniversary after being drowned in work the whole day. This became the turning point of what seems to be the end of their happy marriage. Jane and Wilson now barely speak to each other. Even though, they live in one roof, it seems like neither of them exist. Jane then fled to New York to their son, Joseph, to spend some time to think and according to Joseph, Jane was crying ever since he picked her up the airport to the minute she dropped her back. That she didnt want to come back but she knew she had to because Wilson needs her. All these made Wilson realize that he can never live life without Jane, since because the day they met until now his love for his wife grew more and stronger. The second cause and effect that occurred in this novel was the day after the forgotten anniversary, when Wilson finally realize that he has to do something that will make Jane fall in love with him all over again. First, he started to wake up extra early to walk around the neighborhood and loss some weight. Luckily, he got another chance to prove that he can change when Anna announces that she was getting married. Wilson became a big help in the wedding. Since Jane has been constantly busy he started to cook dinner for them and when Jane needed help with anything he was always there. He helped arrange the guest list, caterer, rentals, music, and most especially Noahs house, where the wedding and the reception will be held. With the help of Noah, Wilson learned to become more romantic and start to express his feelings to Jane more often. When everything was going smoothly, Wilson decided to arrange a romantic dinner Thursday evening before the day of the wedding. He taped a note to the front door saying, Welcome home, darling. Your surprise awaits you insideà ¢Ã¢â ¬Ã ¦ (Sparks 207). When Jane opened up the door she saw a living room full of lit candles, scattered rose petals on the floor, and another note. Each note brings in another task that will bring Jane closer to where Wilson was. After Jane took a bath and refreshed herself, a limousine that will reveal the place where shell meet Wilson, awaits her The limousine arrived in front of Noahs house. Jane, blindfolded, was surprised the second she was finally able to open her eyes. The house looked the same exact way it did the years when Jane was growing. Then on the porch, was a romantic table Wilson set up for their dinner date. When Wilson was cooking their dinner, he asked Jane to grab his apron in her room upstairs, but instead of an apron Jane found a letter. The letter contained every memory they made together, Wilsons feelings towards Jane that he was not able to show, all his regrets, and sincere apology of every minute he wasted in the office not realizing that everything is falling out of place. Together with that letter was a photo album, which has pictures of the two of them through the years. Wilson took every small step to court his wife and everything step became worthwhile when Jane learned to love him all over again. Wilsons biggest step was when he finally revealed his secret. The wedding Jane thought was for her daughter, Anna, was actually her wedding all along. Wilson was finally able to give Jane the wedding she always wanted. A year worth of planning became a complete success. At that day, Wilson discovered that second chances can really happen, I learned that its possible for two people to fall in love all over again, even when theres a lifetime of disappointment between them (Sparks 263). Even if, your second chance can be your last chance, it will never hurt to try. You will never know, maybe this second chance can be start of a new beginning in your life. I am not lying when I say that Nicholas Sparks is my favorite author of all time. Your books were the ones who changed my views towards reading. It always brings out the fun in reading and brings out every emotion of a human being has. We laugh, we get angry, we cry, and we learn to love. Your books not only bring emotions but also provide valuable lessons that can be used in reality. Ive read a lot of your written works. For example, Ive read A Walk to Remember, Dear John, At First Sight, the Last Song, and The Wedding. All these books have different stories, but they share one thing in common, they contain a twist of faith in each of its major characters. Anything you least expect always happen that stop us, readers, from closing the book. I am not afraid to say that I cried in each of these books I read written by you. If only I have all the time in the world, Ill be honored to read every novel you ever written. As a great author, most of your books had been turn to movies. However, I hate it when they change the story from the book and sort of ruined it. The only ones that are not greatly ruined in my opinion were The Last Song and A Walk to Remember. I also do not like it when others who enjoyed the movies do not even give any honor to you and your work. You are the reason why we have phenomenal movies like The Notebook that almost every American still enjoy to this day. You are really the best and I hope that youll continue to write more beautiful novels and inspired many more of your readers like me.
Friday, October 25, 2019
Crackââ¬â¢s Effect on New York City Essay -- Illegal Drugs Crack Essays
Crackââ¬â¢s Effect on New York City In the summer of 1985, New York City was introduced to the drug crack. The ensuing seventeen years have culminated into some of the most turbulent, and crime ridden years in the history of New York City. Crack is the street name for a form of cocaine introduced in the mid-1980s. Crack is smoked, rather then sniffed through the nose, or injected, which are all other ways to use cocaine. Users of the drug inhale the vapors that are given off when the crack is heated (Berger pg.20). Crack cannot burn, and in order to give off the drugs vapors it must be heated to a very high temperature. After the crack has been heated the user will proceed to inhale the vapors. The drug will then pass from the lungs to the personââ¬â¢s bloodstream and then reaches the brain, all within seconds. The user will immediately feel the euphoric sensation that crack brings. Crack is the strongest form of cocaine available. A New York state drug prosecutor put it this way, ââ¬Å"Crack is to cocaine what the atom bomb is to TNTâ⬠(Berger pg.21). Crack is extremely addictive and users are usually left addicted after just one use. The drug is relatively cheap and a $10 vial is enough for two hits. The drug will eventually become a very expensive habit though. The high that crack gives is very short-lived and the user finds his or herself in a horrible cycle where they will crave the drug over and over. An addicted user will have a habit that will cost any where from $100-$1500 a day. The user will often steal and commit crimes to supplement their habit. The risks of getting hooked on crack are far greater than with other forms of cocaine. Addicts, who used cocaine only occasionally, said that after ... ...Edmondo. Cocaine. University or Arizona Press. 1989 Scott, Peter D. Cocaine Politics. University of California Press. 1991 Trebach, Arnold. The Great Drug War. MacMillen Publishing Co. 1987 Tullis, LaMond. Handbook on research of Illicit Drug Traffic. Greenwood Press 1991 Newspaper articles Barron, James. ââ¬Å"Woman Throws Her Two sons From Fourth Floorâ⬠. New York Times. Nov. 28, 1986, Final ed. Sect B. Egan, Tim. ââ¬Å"A Drug Runs its Course, Then Hid with its Usersâ⬠. New York Times. Sept. 19,1999, Sun. ed. Sect A Kerr, Peter. ââ¬Å"City is Setting Up New drug Squadâ⬠. New York Times. May 22,1986, Late ed. Sect A Kerr, Peter. ââ¬Å"Crack Burdening a Justice Systemâ⬠. New York Times. Nov. 24,1986, Late ed. Sect A Lubasch, Arnold H. ââ¬Å"US Breaks up Major Crack Ring in New Yorkâ⬠. New York Times. July 31, 1987, Late ed. Sect B
Thursday, October 24, 2019
Principles of Macroeconomics Essay
Topic: Tolstoyââ¬â¢s narrator remarks that Ivan Ilychââ¬â¢s life has been ââ¬Å"most simple and most ordinary and therefore most terribleâ⬠(731). Explain how the events of Ivanââ¬â¢s life support this assessment. What is terrible about the ordinary? There are many milestones in oneââ¬â¢s life. Graduating college, getting a job, getting married, buying a house and having kids. For most people these are joyous events that are celebrated with family and friends; and come with hard work. However some people have a different mindset towards life. They perform tasks for the mere sake of getting the job done and life almost seems like a check list. There is a difference between being alive and truly living. Being alive is fulfilling the responsibilities and duties that are required of you. Truly living is when you seize every moment and make the most of it. One appreciates the small pleasures in life and is satisfied with what he or she has. It is easy to go through life without realizing you are not enjoying it. We get so caught up in trying to be the best version of ourselves that we donââ¬â¢t stop and appreciate the small things that bring every day joy. In ââ¬Å"The Death of Ivan Ilychâ⬠Leo Tolstoy examines the life of a man, Ivan, who would have seemed to live a typical life with adequate wealth, high position, and family. However as we read on we come to realize that he is living almost robotically. Relationships donââ¬â¢t have much value in his life. He does what he thinks is the right thing to do, and follows the examples of everyone around him. He is scared of getting left behind and wants to make a name for himself. This leads to Ivan Ilychââ¬â¢s life being ââ¬Å"most simple and most ordinary and therefore most terribleâ⬠(1458). His life ends up being a total waste with no real friends, no happiness and lots of regret. It is not until Ivan is on his death bed in his final momentsà that he realizes that the personal relationships we forge are more important in life than who we are or what we own. But by then itââ¬â¢s too late. Todayââ¬â¢s society is very fast paced; everyone is always on the go. People think about the big picture and miss the small details of life. This is a very common mistake in the western culture. All working people want to follow the script of life, but th ere are some extremists like Ivan that take it to the next level. With every aspect in his life he wants to be perfect and will do anything to achieve and maintain his status. An example of his extreme behavior is his love life. Ivan was at a point in his life where he settled down in a new town and life was pleasant. There ââ¬Å"he met his future wife, Praskovya Fedorovana Mikhel, who was the most attractive, clever and brilliant girl of the set in which he movedâ⬠(1461). He establishes a light relation with her; and slowly she falls in love with him. Ivan had no intension of marrying her, he thinks of his marriage primarily in terms of himself. He thinks of marrying her only because she had all the qualities that he thinks a good wife is supposed to have; she came from a good family, was good looking, had an income and ââ¬Å"it [marriage] was considered the right thing by most highly placed of his associatesâ⬠(1461). So Ivan gets married; it doesnââ¬â¢t sound like he is madly in love with her. Itââ¬â¢s more like he marries her because other people tell him itââ¬â¢s a good thing to do and he doesnââ¬â¢t have any objections. For I van other peopleââ¬â¢s approval and views matter more than his own views. Marriage is one of the most important and joyous events in oneââ¬â¢s life; mostà people get married when they think is the right time for them and with whom they think is the right person, however for Ivan itââ¬â¢s just another task on the checklist. In other words Ivan got married just for the sake of getting married. There was no joy or excitement; he makes marriage look like a simple and ordinary event in oneââ¬â¢s life. Relationships are easy to make but hard to maintain. As Ivanââ¬â¢s married life goes on he realizes that marriage is not as easy and pleasant as he thought. As things started to change in his life, he felt depressed and helpless. He wants to escape and live life his own way, invite friends over for a game of cards and go to the club in the evenings. On the other hand his wife wanted him to spend more time with her and there was nothing wrong with that, it is expected. Every wife wantsà her husband to spend time with her especially while sheââ¬â¢s pregnant. However for Ivan his work is more attractive because it brings him success and thatââ¬â¢s whatââ¬â¢s most important to him. He doesnââ¬â¢t understand the importance of family and ignores his wife; Ivan spends more time at work and becomes more ambitious than before. Money is an essential need in life and it is a manââ¬â¢s responsibility to provide his family with all the comforts of life, since the men are usually the breadwinners of the household. However if you pay too much attention to money it can damage your relationship with your family because you lose out on time with them. Relationships with family have a much larger effect on quality of life than money does. However Ivan fails to realize this and concentrations totally on work, it is not until heââ¬â¢s on his death bed that he understands the importance of family in life but by then itââ¬â¢s too late. Going back into his childhood it is clear that Ivan was just what ââ¬Å"he remained for the rest of his life: a capable, cheerful, good-natured, and sociable manâ⬠(1459). Everyone has someone or the other who they look up to and follow in life. Ivan was attached to people of high position, therefore established friendly relations with them. He took their blueprint of life which consisted to wealth and social status; and blindly followed it. Ivan did all the things they did, even though he didnââ¬â¢t like what he was doing. He was disgusted with himself and regarded everything he did to be wrong but because all these things were done by people with good position, it did not matter (1459). Childhood is the best part for most people; they do what they want, donââ¬â¢t care about others and most importantly have fun. However Ivan got so caught up in being the best version of himself, he missed all these cheerful things. He did what he thought to be the right things, which were the things done by successful people. It is not bad to follow successful people, everyone should do that however not to the extent that Ivan did. He did not listen to his heart or brain. He even chose his friends on the base of their social status and not whether he liked them or not. If something seemed wrong to him, he tried to forget it only because it was regarded right by the people with good position. There wasnââ¬â¢t anything special about his childhood, he basically followed a script. After law school Ivanââ¬â¢s life is pleasant; he performs his job and makes his career in the province. Laterà in his life he takes up the post of examining magistrate in a new town (1460). His social life picks up where it left off. Ivan ââ¬Å"picked out the best circle of legal gentlemen and wealthy gentry living in the town â⬠(1461) to associate with. Hereââ¬â¢s another example where Ivan does something because it seems the right thing to do. He wanted to be recognized in society and be powerful so he establishes relationships with rich and powerful people. It didnââ¬â¢t matter if he liked them or not. The relationships he developed with them were on the surface and were just a show, compared to normal friendships that last forever. These men did not have any meaning in his life and vice versa; this is proven when he passed away and his friends care more about their promotions rather than being sad on a loss of a friend. People always compare their lifestyles and what they have to their friends and people around them. Itââ¬â¢s a non-ending cycle of always wanting what you donââ¬â¢t have. Ivan was never content with what he had, and it was evident in his life choices. After working as an examining magistrate for a while ââ¬Å"he was expecting to be offered the post of a presiding judge in a University townâ⬠(1463). Instead to his horror a colleague got the post. In response to this he quit his job. He began actively hunting for a better position and succeeded. His friend helped him land a position that was two times better than his old one. He was thrilled that he proved his colleagues wrong who failed to appreciate him. It is evident that he was more excited to show off his new position to his ââ¬Å"enemiesâ⬠than to be genuinely happy about being able to provide more for his kids and wife. We should always take a moment to step back and enjoy what they have before life makes us realize itââ¬â¢s too late. With Ivanââ¬â¢s new job came more money. This led to a bigger and better lifestyle. He bought a grand house and furnished it with expensive pieces. Slowly his dream of having everything he could ever dream of was coming true. He had obtained the status he always wanted, purchased all the expensive things and was slowly getting satisfied with everything. As he settled in to the new lifestyle he always wanted; he quickly became bored. It wasnââ¬â¢t as great as he thought it would be. All throughout his life he always looked at the big picture. He was so concentrated on getting his dream job, house and lif estyle that he didnââ¬â¢t enjoy and appreciate the small pleasures that came along the way. He sacrificed all the small joys of life for the end result and now that it was time for Ivan to enjoy the results ofà his hard work, life took a turn in the opposite direction. As he was setting up his new house, he injured himself while putting up curtains. As time went on his injury got worse, and he was never able to fully enjoy the things he had worked for. Ivanââ¬â¢s life had no special moments, as he never understood the joy in small achievements. He took them as simple and ordinary things. As we examine Ivanââ¬â¢s life it is clear to us that it was a total failure as most of the time he was lonely and didnââ¬â¢t have any friends or family he confided his worries to. He never paid attention to his relationships and did not make an effort towards them. As his Injury gets worse it begins to take a toll on his life, forcing him to stay at home. Now that he is at home all the time he begins thinking of his life and starts reflecting on it. Slowly everything hits him. All the mistakes he made are becoming visible to him from his childhood to his relationship with his wife to his job. He is realizing he spent his whole life chasing what he thought would make him a happy man and that he really wasnââ¬â¢t happy at all. He did not establish any friendships at a young age, and the ones that he did were not real, they were on the surface. His life is flashing before his eyes. The empty feeling he had his whole life is turning into regret. As he thinks about his mistakes he realizes that he intended to live life in a certain way, but ended up living in a completely different manner. Like everyone else Ivan didnââ¬â¢t realize this while he wasà making these mistakes. He wasted his life running after wealth and status; and failed to build real relationships. In reality he didnââ¬â¢t achieve anything in life other than tangible objects. We as the reader saw these opportunities for him to change throughout his life. As a child Ivan didnââ¬â¢t like what he was doing. He was disgusted with the things he did to become one of the high positioned people. He could have understood that this is not the right way to live life but he was so determined to achieve his goal he turned wrong things into right in his eyes. Later on in his life after he got married, his wife showed frustration towards him, she wasnââ¬â¢t happy with the way of his lifestyle. Most people care about their close ones and try to change for them, whereas Ivan ran away from the situation and started working more and spending less time with his family. He did the opposite of what a normal person would do. Instead of listening to his heart and brainà he changed his morals; instead of strengthening his relations he neglected them. His life choices were ordinary; it seemed like he was just being alive and not truly living. Normally when people die, they are remembered for all the memories and great things they did. Their loved ones grieve over the loss of a friend and family member. A person leaves a legacy after passing away. Many want that legacy to be one of the good times and the memories spent with people you love. However Ivan was unsuccessful in doing that. He was so obsessed with being successful while he was alive it was evident his friends were friends with him for all the wrong reason. After receiving the news of their friend Ivanââ¬â¢s death the first thought of each of his friends was of the changes and promotions it might occasion amongà themselves or their acquaintances (1453). Instead of being sad, his friends thought of the benefits theyââ¬â¢d get. This shows the type of friendship he had established with his friends. Not only had his friends, his wife too thought about the benefits of his death. Her main concern was ââ¬Å"how she could obtain a grant of money from the government on the occasion of her husbandââ¬â¢s death (1457). This was a result of Ivanââ¬â¢s behavior and lack of love towards her. She was a good and loving person; but over time marriage changed her. While Ivan was alive he didnââ¬â¢t treat her with love or give her the place of a wife in his life. Ivanââ¬â¢s wifeââ¬â¢s and friendsââ¬â¢ behavior give a perfect picture of how he lived his life. He just fulfilled his responsibilities just for the sake of getting them done. Ivan was ordinary in the sense that he had no friends or loved ones. For an outsider looking in on his life he had it all; a big house, nice car, wife, kids and respectable job. However life is not about the tangible objects; houses and cars are just materials but life has a bigger meaning than that. At the end of the day if all the objects were to be taken away from him he has no relationships to hold onto. Life always boils down to the relationships we have, our loved ones and the happiness of our families. It is unfortunate that Ivan realized this when it was too late and he couldnââ¬â¢t do anything about it. Hence his life was ââ¬Å"most simple and most ordinary and therefore most terribleâ⬠. Ivanââ¬â¢s misunderstanding of the things that truly mattered in life is what made his life so terrible. Love, respect, intimacy, and happiness are the things that really make life worth living not wealth, power, and property.
Wednesday, October 23, 2019
Employment Selection and Training Development Essay
One would think that the employee selection process would be simple, but it is not. Two cases will demonstrate what is not, and what the correct way to approach a hiring situation is. There are specific ways to handle each situation that will minimize the risk to the company during the selection process. These alternative solutions will prevent the companies from ending up in court for discrimination in the hiring process. Speedy Delivery Service (SDC) The first case example chosen to demonstrate improper employment selection practices is Speedy Delivery Service. SDC would prefer not to hire women to perform deliveries for them. To discourage women from applying, SDC has decided to show extremely large, bulky, heavy packages to the women that are interested in the job. The prospective female applicants are lead to believe the job requires them to carry these object up multiple flights of steps without assistance, therefore discouraging them from applying for the job. Male applicants are not shown this same demonstration, therefore encouraging the male applicants (Moran, 2008. Ch. 2). The strategy that SDC is using in this case will increase the risks for the company to be charged with discriminatory hiring practices. This is a prime example of gender discrimination. Employers cannot overstate the physical requirements for a job. The misrepresentation of physical requirements goes against Title VII of the Civil Rights Act. It is fine for employers to test for prospective employees abilities to perform required activities, as long as the tests are the same for each individual. Whether the prospective employee is male, or female the test have to be identical. Once SDC has chosen potential new hires, they can have prospective employees demonstrate that they have the capability to meet the physical requirements to perform the deliveries. If a female prospect has the same potential as a male prospect, they should be given the opportunity to have the job. If the females are not chosen, SDC must be able to explain why the female was not chosen. Long and Short Long and Short is worried about hiring a prospective employee that has children. They are need of someone that can work a specific schedule andà are concerned that if they choose a parent, the hours will be limited. Long and Short chooses to ask the prospective employee if they have children. If Long and Short does not hire this individual, there is a possibility that they will assume it is because they have children. This opens the company up to a huge risk of discriminatory hiring practices (Moran, 2008. Ch. 2). When hiring for a specific shift, or if worried about whether a new hire can work the required schedule a company can clearly find out this information. Without making specific request referencing children, Long and Short could simply ask about restrictions on the days or hours that a prospective employee can work. If for example, the position is for an evening shift and the prospective employee states that they can only work dayshifts, then the company has every right not to hire this individual. As long as each prospective employee is asked the same exact questions referencing availability for shifts, there is no discrimination. In asking a generic question to each prospective employee, the risk to the company is reduced. Conclusion Proper employment selection processes can decrease the risk of a company being sued for discriminatory hiring practices. The primary practice is to ensure that all prospective employees are tested the exact same, and asked the exact same questions. You cannot make testing processes lean towards or against a specific race or gender. The hiring process requires each individual to have the same opportunity to obtain employment. If it is shown that the testing practices exceeds the need for the job, then this is a discriminatory practice and the company will be in a higher risk. Therefore, it is the job of the hiring team to ensure that proper hiring practices are followed. References Moran, J. (2008). Employment Law (4th ed.). Retrieved from The University of Phoenix eBook Collection.
Tuesday, October 22, 2019
Education Today essays
Education Today essays Education today isnt quiet what I would like it to be; although it is improving if I was in power I think I would make a few changes. In high school there are certain classes that are mandatory for an individual to graduate history, chemistry and biology are a couple. Now for an individual who knows he or she is going in the computer field for example these classes are entirely useless. In my career to come as a Network Administrator I heavily doubt that I will ever need to know when Rome fell or the structure of an animal cell. That is one thing that bothers me, unneeded classes. Students will just get bored and learn to hate school more and more. But with college it is different we are being geared with more useful classes like Public Speaking along with certain classes that pertain to your choice of field. Although college is a lot of work, its getting us ready for the rest of our lives. Also, even though I hate to say it, the world is coming together a lot more lately to the poin t where I feel its necessary to start teaching foreign languages at a younger grade level. I hated learning foreign languages when I was in junior high and in high school but supposedly theyre easier to learn when youre younger anyway. But the school system is improving, most of the classes are backing away from the old style of just lecture and memorization and are starting to move toward more group work and open discussions. This gets the students involved and more interested in what is going on in the class, instead of sitting and watching the clock waiting for the heavenly sound of the bell. ...
Monday, October 21, 2019
AN IDLE BEFORE THE YOUTH
AN IDLE BEFORE THE YOUTH AN IDEAL BEFORE THE YOUTH - Dr.S.RadhakrishnanIntroduction: Dr.S.Radhakrishnan was one of the most distinguished men of India. From a humble origin, he rose to hold the highest office in India. In him we see a rare combination of Indian tradition and scientific thinking. Dr.Radhakrishnan has contributed much to the cause of education in our country. In this essay he points out the importance of the right kind of education for the youth of the country. He looks at the needs of India as related to education in a perspective that is historical, political, economic, philosophic and religious. Challenges facing our Country: Political freedom has brought us a great opportunity. It has brought us the sacred responsibility of building up a new India which will be free from want and disease and the curse of caste and creed. Our country is passing through a great revolutionary period in human history.English: Photograph of Radhakrishnan taken at a re...It is facing a many sided challenge, poli tical and economic, social and cultural. Education is the means by which our youth can be trained to face this great challenge and build the new India of our dreams. The Constructive Side of Science: Dr.Radhakrishnan believes that scientific and technological studies develop in us an attitude of tolerance, freedom from prejudice and hospitality to new ideas. Only by developing our heart and intelligence and our own moral values can we save the world from total destruction. If we do so, science can lead us to such a degree of material wealth as has never before been possible in human history. But this will be possible only if we develop our moral values and take the right judgments. The Real Aim of Education: Any satisfactory system of education should aim at a balanced growth of the...
Sunday, October 20, 2019
Is the Death Penalty Justified
Is the Death Penalty Justified Death Penalty Essay Death penalty debate often becomes a topic for an argumentative essay. Students are asked to make arguments for the death penalty and arguments against the death penalty. The capital punishment essay example below is a kind of opinion essay for legal discussions. If you need another topicà for discussing in your argumentative essay here is a great list: Argumentative Essay Topicsà The Death Penalty is the Code of Judgment Want to divide a room fairly quickly? Get a conversation going about justifying the death penalty. That will scatter folks, absolutely. Plus, everyone will feel differently about the issue. Some will hold some deeply rooted convictions about the topic: Should a person be sentenced to death because they deliberately killed another person? Isnââ¬â¢t God their ultimate judge, and because of this, shouldnââ¬â¢t they get a free pass in this life because they are judged in the next? Is killing a murderer ââ¬â via gas chamber, electric chair, lethal injection ââ¬â committing the same exactly crime the murderer did? There are many questions to ask when giving this heavily debated topic a good thinking. First, one has to accept that there are some pretty evil people in the world who want to take the lives of others, to play God, ultimately; then there are accidental killings; and lastly, one has to consider that we all have the potential to kill another human being if pushed ove r the edge of reason. Nonetheless, in this instance, a justification for the death penalty shall be provided. The Death Penalty is Justified When a Murder Was Done out of Cold Blood For one, the death penalty is justified when a murder was done out of cold blood when it was premeditated. Of course, this is not when a person accidentally kills another person ââ¬â wrestling around when the wrong move is made or someone goes too far, for example; or a car crashing into another on late night. Those are different. A murder in cold blood is when a person deliberately wishes for, plans and executes a murder. Regardless of why the murder is done, or how many people the person killed, even if to avenge anotherââ¬â¢s murder or wrongdoing, it is still murder ââ¬â a deliberate ending of another personââ¬â¢s life on this earth ââ¬â and murderers should be killed themselves. They must pay for their wrongdoing, and this is one case of how the death penalty is justified. Secondly, the death penalty is justified because of the prevention factor: When a vicious murderer is given the death penalty, they cannot be left out in society to do it again. This is done for a great reason. This justifies the death penalty for sure. Now there is always the possibility that the killing is righteous ââ¬â maybe the man who savagely raped, beat and killed an innocent woman should be killed ââ¬â and the person who killed the rapist is innocent to a degree, but all of this is subjective thinking, and emotions should not influence rationalization. We can refer to Hammurabiââ¬â¢s Code ââ¬â ââ¬Å"eye-for-an-eyeâ⬠ââ¬â to justify this reciprocity: that the state should put to death a murderer. Make no doubt about it: this is one more way that illustrates how the death penalty is indeed justified. Dead Murderer Cannot Kill Again Lastly, what if the atheists are right? What if there is no God? No judgment in the afterlife? We can never know for sure of an afterlife. Now is all we can ever know for sure. This mentality justifies the death penalty because it means there is a chance this murderer could go on in the universe never having to pay for what they had done ââ¬â when they took a personââ¬â¢s life and played God for just a few seconds. One can speculate that if the everyday person kills another, even intentionally, that person will live for the rest of their years with immense regret, guilt, and paranoia. The mental anguish would be a harsh enough punishment itself. Ah, but many killers are psychopaths, they lack empathy and conscience ââ¬â so they may not think they are doing wrong. Therefore they should be wiped out of this world. They deserve the death penalty. The death penalty is most justified here ââ¬â a sick, deranged person should be taken out of this world. There may be no judge in the afterlife, no God; therefore, the evil of this world shall be judged on earth, and evil shall die. Letââ¬â¢s conclude this heavy argument by apologizing to the reader: this is a tough topic to discuss ââ¬â everyoneââ¬â¢s got a different viewpoint on it ââ¬â and itââ¬â¢s easy to offend a person. If any offense was taken, the writer offers their apologies. The truth is, there is no right answer. The student can relate to Christian (God is my judge) and Buddhist (people attract suffering) ideologies, and to Hammurabiââ¬â¢s Code (eye for an eye), to approach this issue objectively. Which is correct? What is inhumane and whatââ¬â¢s wrong? How do you tell? Need a death penalty essay? Our writers are experienced in writing different death penalty argumentative essays. The most popular topics are: Why the Death Penalty Wrong? and Should the Death Penalty Be Allowed? If you need an essay on these or other death penalty essay topics, place an order.
Saturday, October 19, 2019
STRATEGY, ETHICS, AND CORPORATE SOCIAL RESPONSIBILITY Coursework
STRATEGY, ETHICS, AND CORPORATE SOCIAL RESPONSIBILITY - Coursework Example Besides factual issues, there are conceptual issues for instance the aspect of competition that posed a threat to Peerless Company. There was a need to improve on products as well as come up with strategies that will seek to earn the company a competitive advantage. The management structure is also an issue as people are elected on the basis of friendship rather than on qualifications. This will eventually affect the company as it will discourage investors from putting their investments in Peerless because of the companyââ¬â¢s instability. There are some ethical in this case where Ludwig is a dilemma on whether to close down Peerless Company to save the town reputation or make attempts to restore the company. Closing down Peerless will render many jobless as most of them depend on the company for their livelihood. Ludwig knows that closing the Peerless Company may impress certain individual at the expense of peopleââ¬â¢s jobs and this may lead to increase in crime cases and other vices. The main stakeholders are the customers, the directors as well as the employees of the company. Suppliers of the raw materials are also stakeholders as their actions directly affect the operations of the company. Peerless should realize that their decisions directly affect the lives of the people in their surroundings. For instance closing down Peerless will render the town poor and its citizens jobless. Ludwig and his team need to understand that they have an obligation to ensure that they improve the lives of Blairââ¬â¢s citizens. They should understand the needs of people and make decisions that benefit their town. The management should also be enhanced to ensure that only people who are employed are suitable for jobs and that quality is maintained by all means. Peerless should also communicate to its key stakeholders on changes that are likely to take place and on decisions on the way forward. Baxteris right to some extend by saying that it would be selfish for Ludwig
Friday, October 18, 2019
Concept Synthesis Paper on Personal Nursing Philosophy Essay
Concept Synthesis Paper on Personal Nursing Philosophy - Essay Example These concepts also provide a framework for the purpose of analysis, to compare the perspectives of different nursing theorists (Fawcett, 2000). Thesis Statement: The purpose of this paper is to identify, discuss and document the basic four domains of nursing metaparadigm: patient, nurse, health and environment. Oneââ¬â¢s own perspectives regarding two other practice-specific concepts for oneââ¬â¢s rural emergency department setting will be identified, discussed and documented. Propositions or assumption statements that connect the concepts will be listed. Nursing philosophy explains the meaning of nursing phenomena through analysis, meaning and logical argument. Nursing philosophies provide direction for the discipline, forming a foundation for professional scholarship, leading to new theoretical understanding and professional application (Marriner-Tomey & Alligood, 2006). Most philosophies of nursing are ââ¬Å"statements of beliefs about nursing and expressions of values in nursing that are used as bases for thinking and actingâ⬠(Chitty, 2004, p.230). Most philosophies of nursing are formulated using the concepts of people, environment, health and nursing as the main foundations. Around three decades ago began a period of major developments in nursing theory, ââ¬Å"characterized as a transition from the pre-paradigm period to the paradigm periodâ⬠(Marriner-Tomey & Alligood, 2006, p.6). Paradigms are abstract philosophical concepts which form the basic parameters and framework for organising a disciplineââ¬â¢s knowledge. Nursing theory explains patterns and relationships found in nursing phenomena and activities. Theories are developed to describe the many aspects of nursing towards promoting a normative standard for nursing practise, through nursesââ¬â¢ study and evaluation of the theories (Sitzman & Eichelberger, 2004). All aspects of nursing such as practice, administration, education, research and further theory development form the
Egypt Essay Example | Topics and Well Written Essays - 750 words - 1
Egypt - Essay Example The Giza Pyramids are a symbol of Egyptian beauty and charm and tourists remember Egypt with the picture of the great pyramids in mind. Indeed these pyramids are one of the wonders of the world. (Rosalie, 1997) Around 8000 BC, the Sahara Desert was formed due to the desiccation of the pastoral lands within the country. By about 6000 BC, the Neolithic culture started to have its roots within the Nile valley. There have existed a number of different dynasties within Egypt since time immemorial. As far as the geography of Egypt is concerned, it is the worldââ¬â¢s 38th largest country and its size is comparable to that of Tanzania. Most of the population within Egypt lives around the Nile valley and Delta since the climate is conducive enough for populations to settle around these areas only. Around 99% of the total population uses only 5.5% of the Egyptian land area. Its borders are shared by Libya on the west, Gaza strip and Israel on the East and Sudan on the south. Egyptââ¬â¢s strategic location makes it a very dominant player within the geopolitical scenario and its transcontinental location asks for significance in terms of forming a bridge between Asia and Africa. The climate of Egypt is usually dry and the country receives showers only in the winter months. The rainfall averages south of Cairo are 2 - 5 mm each year and sometimes frequent after quite a few years in essence. The temperatures within Egypt range between 80o F and 90 o F in summer while goes up to 109 o F in the area of the Red Sea coast. Thus the temperatures usually average within 55 o F and 70 o F in the winter season. There is a steady wind which blows from the northwestern region which makes the weather pleasant near the Mediterranean coast. The global warming regimes hamper Egyptââ¬â¢s densely populated coastal strip and the same could have ramifications for the countryââ¬â¢s economy,
Traditional vs. New Parenting Styles Essay Example | Topics and Well Written Essays - 500 words
Traditional vs. New Parenting Styles - Essay Example The economic, social, political and cultural changes have been observed throughout the world. The evolving temperaments, attitudes, and behaviors have changed the course of human life. People no longer wait for others to change or alter a trend but believe in changing society by their individual and collective efforts. The changes that have occurred have also influenced the peopleââ¬â¢s behaviors towards each other, their relationships, values, priorities and daily life procedures. The changes in the relationships of married couples, parents and their children, teacher and students, children and grandparents etc. carry an important position in the social renovation of todayââ¬â¢s environment. Parenting styles have been changed significantly from past till today. Todayââ¬â¢s parents are more inclined towards teaching their children about independence, free thinking, autonomy and open-mindedness (Talay-Ongan et al., 2005 p. 31). They are given the confidence of taking their decisions by themselves and stepping towards their brighter future without interruption from or influence of others. This new parenting style, however, is efficient in making the children bold, confident, self-esteemed and determined; yet lacks in a few areas. These parenting behaviors may end up making children overconfident. The new values of children give them the power to proceed with their lives leaving their parents and other relatives behind. The independence and concept of sovereignty given to them affect their behaviors negatively, at times. Hence, these concepts, although necessary for the childrenââ¬â¢s upcoming life, may not always be beneficial for the children. Traditionally, parents used to obtain the parenting guidance from their elders like parents and grandparents and use that guidance or wisdom words to raise their children. However, today parents usually rely on the books, research paper, and different organizations to gather information on successful parenting techniques.à à Ã
Thursday, October 17, 2019
PEST analysis for the iphone in the UK( just Social and Technological Essay
PEST analysis for the iphone in the UK( just Social and Technological part) - Essay Example One of the companyââ¬â¢s products that are highly demanded in the market is iphone. This paper will discuss the technological and social factors and how they affect the demand of the product in the UK market The young people make the largest market segment in UK. These are people with a disposable income which they are willing to spend on high quality products in the market. Having an iPhone is currently being considered as a social symbol. The current generation has a perception that owning one of these phones is an indication that one belongs to a higher social class (Meek, Meek, & Chartered Institute of Marketing 2003). Therefore, young people across the UK are working hard in order to ensure that they get hold of this gadget. This has played a significant role in increasing the demand for the product in the market. The design and the quality of iPhone make it ideal for majority of the UK population. The local population believes that Apple Company produces high quality products which meet the demand of the current generation. As a result, people are willing to go to any extent in order to purchase the product. Moreover, the innovative nature of the company makes the customer more eager to wait for the next product (Nykiel 2003). However, iPhone has been able to satisfy the interests of very many customers in the UK. Therefore, the demand for the phone continues to rise each day. Apple Inc has been using various media in order to reach the target market. Currently, it has shifted towards social media in order to reach its customers across the country. The social media platforms have given an opportunity for the company to communicate directly with the customers (Pogue 2010). As a result, the customers are able to raise their grievances concerning the companyââ¬â¢s product. Therefore, the issues are addressed before they get out of hand. This has been instrumental in developing a very close customer relationship (Lancaster &
Wednesday, October 16, 2019
The invitro effect of sildenafil citrate on the outcome of pregnancy Literature review
The invitro effect of sildenafil citrate on the outcome of pregnancy in mice and offsprings - Literature review Example Other medications that can be put to use to make infertile women conceive a baby includes the controlled ovarian stimulation, intrauterine insemination (IUI), and ovulation induction. Although the use of ART can result to a successful pregnancy, not all women who undergo ART can become pregnant. Infertility may occur in all types of species; whether human or animals. This chapter tries to investigate the expression of PDE5 in the pre-implantation embryos and the effect of sildenafil citrate (Viagra) on pre-implantation murine embryo development in vitro. Sildenafil is a special drug with a nitric oxide effects on vascular smooth muscles. Randomly selected mice were divided into two groups. One group was hyper stimulated group whereas the other was hyper stimulated plus sildenafil citrate group. The mice were injected with human menopausal gonadotropin (HMG), and later they received human chorionic gonadotropic (HCG) hormones. Afterwards, two female mice were put in one cage with one male mouse for mating process (Rashidi, Rad, Roshangar, & Mira, 2012). For a period of three days, the hyper stimulated plus sildenafil citrate group was injected with three mg of sildenafil citrate after every 24 hours. This was done after the mice had received the HMG injection. Ninety six hours of HMG injection later a cervical dislocation was done, and their urine specimens were prepared for laboratory tests; electron microscope studies. After the study, it was realized that there was long and short microvilli in the control group while no observable pinopodes development. On the other hand, the other hyper stimulated plus sildenafil citrate group experienced pinopodes development after injecting the mice with HMG after four days. This study brings to the attention on how import hyper stimulation of mice with sildenafil citrate can be. For instance, it helps in formation of pinopodes and implantation. Failure of implantation is one of the major problems in infertility treatment. In addition, implantation is believed to be one of the most interesting biological events. Implantation failure can be as a result of impaired uterine receptivity caused by high concentration of serum estradiol, which is induced by an ovulation induction treatment. Appearance of pinopodes is a specific morphological marker that has been associated with window of implantation (Rashidi, Rad, Roshangar, & Mira, 2012). The pinopodes are found in mice and rats but lack in other animals and humans. These are surface projections of the endometrial cell, which are involved in uterine pinocytosis. These pinopodes are essential in the implantation window, and for this reason, it is of note for them to be developed in mice at-time to facilitate implantation. The use of sildenafil citrate can maintain effectively the vasodilatory effects of the Nitrogen Oxide by blocking the breakdown of cGMP. Reducing the problems associated with the development of a foetus is possible through proper facilita tion of blood to the endometrial lining. In addition, enhancing the flow of blood to the endometrium lining will help reduce the risk of maternal hemodynamic complications. Also known as Viagra TM or RevatioTM,
PEST analysis for the iphone in the UK( just Social and Technological Essay
PEST analysis for the iphone in the UK( just Social and Technological part) - Essay Example One of the companyââ¬â¢s products that are highly demanded in the market is iphone. This paper will discuss the technological and social factors and how they affect the demand of the product in the UK market The young people make the largest market segment in UK. These are people with a disposable income which they are willing to spend on high quality products in the market. Having an iPhone is currently being considered as a social symbol. The current generation has a perception that owning one of these phones is an indication that one belongs to a higher social class (Meek, Meek, & Chartered Institute of Marketing 2003). Therefore, young people across the UK are working hard in order to ensure that they get hold of this gadget. This has played a significant role in increasing the demand for the product in the market. The design and the quality of iPhone make it ideal for majority of the UK population. The local population believes that Apple Company produces high quality products which meet the demand of the current generation. As a result, people are willing to go to any extent in order to purchase the product. Moreover, the innovative nature of the company makes the customer more eager to wait for the next product (Nykiel 2003). However, iPhone has been able to satisfy the interests of very many customers in the UK. Therefore, the demand for the phone continues to rise each day. Apple Inc has been using various media in order to reach the target market. Currently, it has shifted towards social media in order to reach its customers across the country. The social media platforms have given an opportunity for the company to communicate directly with the customers (Pogue 2010). As a result, the customers are able to raise their grievances concerning the companyââ¬â¢s product. Therefore, the issues are addressed before they get out of hand. This has been instrumental in developing a very close customer relationship (Lancaster &
Tuesday, October 15, 2019
Investment Strategies Order Number Essay Example for Free
Investment Strategies Order Number Essay There are many methods an investor can use to determine if a stock is a good buy or not. Three indicators often used to assess the risk of a security are beta, alpha and the Sharpe ratio. One of the most popular measures of risk associated with a security is its beta. Beta is a measure of a stockââ¬â¢s volatility in relation to the market as a whole. The market is given a beta of 1. 0 and individual stocks are ranked according to how much they deviate from the marketââ¬â¢s beta. Stocks with a beta of less than 1. 0 are considered less volatile than the market and, therefore, pose less risk. Stocks that have betas higher than 1. 0 are considered more volatile than the market and, therefore, pose more risk. All things being equal, an investor would expect to see higher returns on a stock with a beta higher than the market than one with a beta lower than the market. (1) Beta is also a key component for the capital asset pricing model (CAPM). The original CAPM defined risk in terms of volatility, as measured by a stockââ¬â¢s beta coefficient. The formula is: Kc = Rf + beta Km ââ¬â Rf) where Kc is the risk-adjusted discount rate (also known as the cost of capital) Rf is the rate of a ââ¬Å"risk freeâ⬠investment, i. e. ten-year treasury bill Km is the return rate of a market benchmark, such as the SP 500 Kc is the expected rate of return you would require before you would be interested in a particular stock at a particular price. The CAPM expresses the amount of risk a particular stock has and gives an investor an idea of the expected returns he should expect given a certain level of risk. The more risky a stock is the higher the level of returns an investor would expect for that particular stock. (2) A stockââ¬â¢s alpha is a mathematical estimate of the amount of return expected from a stockââ¬â¢s inherent values, such as the rate of growth of in earnings per share, management strengths or other factors, as opposed to general market conditions. Stocks with an alpha greater than 1. 0 can be expected to outperform the market regardless of what happens to the market as a whole. (3) The Sharpe ratio helps investors determine the best possible proportion of securities to use in a portfolio that can also include cash. The formula for the Sharpe ratio is: S(x) = (Rx ââ¬â Rf) / StdDev(x) where x is some investment Rx is the average annual rate of return of x Rf is the best possible rate of return of a ââ¬Å"risk freeâ⬠security (i. e. cash) StdDev is the standard deviation of Rx The Sharpe ratio is a direct measure of reward-to-risk. In other words, the Sharpe ratio is used to characterize how well the return of an asset compensates the investor for the risk taken. (4) Although beta, alpha and the Sharpe ratio are useful for an investor to gauge the risk of a security or portfolio of securities there are also other methods an investor can use to determine whether a security is a good investment or not. The two most common methods used to determine the investment potential of a security are fundamental analysis and technical analysis. Fundamental analysis is the process of looking at a business from its financial statements. This type of analysis typically looks at various ratios of the business to determine its financial health. The goal of fundamental analysis is determine the current worth of a stock and how the market values the stock. (5) Probably the most two important factors looked at in fundamental analysis are a companyââ¬â¢s earnings and revenue growth. Investors like to see earnings and revenue increasing by at least 25% for each of the last three quarters and year-to-date. Return on equity (ROE) is also a major fundamental factor. ROE reveals how much profit a company earned in comparison to the total amount of shareholder equity found on the balance sheet. (6) The higher a companyââ¬â¢s ROE compared to its industry the better. Investors typically look for an ROE of at least 17%. Technical analysis is a method of evaluating stocks by relying on the assumption that market data, such as charts of price, volume and open interest can help predict future market trends. (7) Investors using technical analysis typically look for trends in chart data and use a variety of technical indicators, such as moving averages, Bollinger bands, fast and slow stochastics, MACD, and RSI to determine the right buy point for a stock. More sophisticated investors use a combination of fundamental analysis and technical analysis to determine whether a stock is a good buy or not. They use fundamental analysis to make sure a company is healthy from a financial standpoint and is a leader in its industry. Once determining a stock is healthy from a fundamental standpoint, these investors will use technical analysis to determine the correct buy point for a stock. A stockââ¬â¢s chart will show the investor how the stock is actually performing in the market and whether it is rising out of a good base or is overbought based on how far its current price is from its 50 day moving average. If a stockââ¬â¢s price is 30% or more above its 50 day moving average, the risk that it will fall into a correction is greater. References: (1) http://www. investopedia. com/articles/stocks/04/113004. asp Beta: Know the Risk (2) http://www. moneychimp. com/articles/valuation/capm. htm CAPM Calculator (3) http://www. allbusiness. com/glossaries/alpha/4943389-1. html Business Definition for Alpha (4) http://www. moneychimp. com/articles/risk/sharpe_ratio. htm The Sharpe Ratio (5) http://stocks. about. com/od/evaluatingstocks/a/Fundanatools1. htm Tools of Fundamental Analysis (6) http://beginnersinvest. about. com/cs/investinglessons/l/blreturnequity. htm Return on Equity (ROE) (7) http://www. investorwords. com/4925/technical_analysis. html Technical Analysis
Monday, October 14, 2019
Psychology of Soldier Training in the UK
Psychology of Soldier Training in the UK Bullying, humiliation and exclusion are all part of the British culture.à How does this assertion sit with our duty to produce trained soldiers for the front line by running hard, relevant and fair training? First, it is essential to understand that the larger British cultural psychology exerts its oppression through mostly subtle forms of psychological warfare.à Repression of emotions, fastidiousness, fixation on decorum and protocol, and elite classism are all fixtures of the British school system and of British adult society.à This is no accident the hallmarks of British socialization are present in military training as well.à In the case of the military, the bullying, humiliation, and exclusion are achieved through both subtle and overt psychological warfare, and even violence.à As military expert Dr Hans Pols observes, ââ¬Å"cultures of denigration and harassment have existed in all army training camps.â⬠à (Das, 2004)à Why is this the case?à Surely these characteristics do not exist arbitrarily in either British society or the military itself.à The overarching reason is a conceptually simple one: an historical preoccupation with maintaining the culture of superiority: ââ¬Å"Throughout history the superiority of the winners has been connected to a denial of feelings what, in the British Empire, was called the ââ¬Ëstiff upper lip.ââ¬â¢ The conquerors of nature and ââ¬Ënativesââ¬â¢ claimed their right to the world as their possession because they had first conquered themselves.â⬠à (Davey, 1999) With respect to the military, specifically, what is the point of such institutionalized human denigration in our organizations?à According to Dr Pols, the implicit philosophy behind bullying and denigration is based on the idea that to be capable of dealing with the rigours of battle, soldiers need to be toughened up by being subjected to conditions that test their resolve and resilience. Also, to create an effective army, soldiers need to lose their individuality and personality to become part of an efficient fighting unit â⬠¦ A culture of bullying and denigration is aimed at removing individual peculiarities and characteristics that, in daily life, make people endearing and special.à (Das, 2004) Dr Polsââ¬â¢ last sentence is telling, as it speaks to the dehumanizing power of corporations and other patriarchal, top-down institutions within British society ââ¬â in fact, ââ¬Å"similar patterns of behaviour [to the military] can be seen in other, usually male, institutions such as the police force, sporting clubs and college fraternities.â⬠(Das, 2004)à This is not recent phenomenology; as far back as the war with the United States for its independence, the British were invoking similarly disturbing psychological motifs, characterizing their bombardment of a colonial harbor in 1776 as:à ââ¬Å"a rod of correctionâ⬠¦ we must assure them,â⬠the Tory naval officer continued, ââ¬Å"that we dread the very thoughts of an absolute independency; and that we see no prospect of security or happiness but under the powerful protection and mild superintendency of the mother country.â⬠(Wyatt-Brown, 2004)à The colonialist mentality inherent in the above ex ample was rife throughout British history throughout its Empire, including its occupation of India and Iraq, and indeed colonialism can be seen as the outward, global manifestation of the haughty, elitist patriarchal mindset around which British society was organized for the better part of 400 years.à à To be fair, there are valid reasons for the military to employ certain tactics within their training protocols that we might find unacceptably barbaric in schools and universities.à As alluded to above, soldiers in modern warfare experience stresses, pressures, and horrors that are inconceivable to civilians.à Even fleeting psychological weaknesses or hesitations in judgment during combat can be fatal, and so soldiersââ¬â¢ responses to battlefield pressures must be so deeply ingrained as to be virtually instinctive.à There is often no time for polite university seminar-type committee discussions in war.à A soldier must be trained to obey and execute orders that may threaten their lives, and insofar as military training utilizes dehumanising and de-individualising psychological techniques to enable soldiers to respond properly in battle, it is arguably a necessary evil. But what are the consequences to a soldier, who is, after all, a human being, outside of the context of the battlefield, after receiving this training?à The evidence, particularly incorporating new evidence from the horrific recent war in Iraq, suggests grim news:à ââ¬Å"Rituals involving physical and psychological humiliation, as well as sexual abuse, are not confined to overseas operations, but are also present at home. A survey carried out by the Ministry of Defence in 2002 found that more than 40% of British soldiers believed the army had a problem with bullying, sexual discrimination and harassment.â⬠(Bourke, 2005) The war in Iraq, in fact, points to an acute need for military training that strikes an appropriate balance between the need to turn men and women into auto-robotic killing machines and the understanding that the work of doing so is supposed to facilitate a greater good, such as the liberation of oppressed peoples.à Iraqis endured decades of humiliation, torture, murder, and oppression under Saddam Hussein and his Baath party; the British participation in the war to liberate the Iraqis was supposed to be a showcase in British military superiority, not just in training but in honourable behavior:à The British army prides itself on its professionalism and its discipline. Its adherence to codes of honourable behaviour in battle is central to the way the British army markets itself, particularly in opposition to other fighting forces (such as the Germans during the two world wars, and the Americans in the current conflict).à (Bourke, 2005) Is it possible to create a soldier whose psychology can simultaneously contain the instinct to kill and the instinct for compassion?à Can a British soldier decapitate a 17-year old Iraqi insurgent with a burst of machine-gun fire, and then immediately go to a nearby 17-year old civilian female witness and quell her sobbing with a comforting embrace?à Idealism prays that the answer is yes ââ¬â realism will dictate that serious institutional changes must be effected in British training methodology. Though the deeply ingrained conservative cultural elements within the military have and will react in horror to such a suggestion, it is utterly imperative, if British society wishes to consider itself civilised, that military training do only what is required to form a cohesive fighting unit, but not be extremist in goading soldiers to behave like monsters.à In World War II training, ââ¬Å"racism â⬠¦ played a significant part. As drill instructors told recruits: ââ¬ËYoure not going to Europe, youre going to the Pacific. Dont hesitate to fight the Japs dirty.ââ¬â¢ Classifying the Japanese as inhuman meant they all became fair game.â⬠à (Bourke, 2005).à The atrocities reported from Iraq suggest similarly misguided training instincts.à It is no longer acceptable to write these incidents off as ââ¬Ëcollateral damage,ââ¬â¢ the inimitably clinical American military term for civilian casualties.à As paradoxically difficult as it may be, we institutionali ze compassion in the military at the same time as we institutionalize brutality. BIBLIOGRAPHY Davey, Brian.à ââ¬Å"The Psychology of Racism,â⬠à A Strategy for Losers: Helping the Last to Come First in The Ecological Transformation of Society, 1999. Das, Sushi.à ââ¬Å"A Brutal Businessâ⬠, The Melbourne Age, November 22, 2004. Wyatt-Brown, Bertram.à ââ¬Å"Honor and Americaââ¬â¢s Wars: From the Revolution to Mexican Conquestâ⬠, The 2004 James Pinckney Harrison Lecture, Andrews Hall 101, March 22, 2004. Bourke, Joanna.à ââ¬Å"From Surrey to Basra, Abuse is a Fact of British Army Lifeâ⬠, The Guardian U.K., February 25, 2005.
Sunday, October 13, 2019
Survival and Love in Charles Frazierââ¬â¢s Cold Mountain Essay examples --
Survival and Love in Charles Frazierââ¬â¢s "Cold Mountain" I lie In vacant or in pensive mood, They flash upon that inward eye Which is the bliss of solitude; And then my heart with pleasure fills, And dances with the daffodils. (ll. 19-24) Wordsworthââ¬â¢s famous and simple poem, ââ¬Å"I wandered lonely as a cloud,â⬠expresses the Romantic Ageââ¬â¢s appreciation for the beauty and truth that can be found in a setting as ordinary as a field of daffodils. With this final stanza, Wordsworth writes of the mindââ¬â¢s ability to carry those memories of natureââ¬â¢s beauty into any setting, whether city or country. His belief in the power of the imagination and the effect it can have on nature, and vice a versa, is evident in most of his work. This small portion of his writing helps to illuminate a major theme of the Romantic poets, and can even be seen in contemporary writings of today. One such work is Cold Mountain by Charles Frazier. This story follows two characters, Inman and Ada, who barely know each other and are forced apart by the Civil War. As Ada waits in North Carolina Appalachia for Inman to return home from three years of battle, Inman decides to abandon the war effort and journey across the Southern states to reach his beloved. Although this may seem like a simple love story, the changes each lover goes through in their journey of survival and love shows the romantic ideals of the beauty of nature and appreciation for the present time and reality. Frazier uses several themes prominent in the Romantic Age, significantly by the poets Wordsworth, Keats, and Coleridge, in order to show the power of the human imagination in extraordinary situations and everyday living as well. Inman and Ada each learn through their diffe... ...cal Tradition. 11 (2004): 232-243. Edgecombe, Rodney Stenning. ââ¬Å"Wordsworthââ¬â¢s ââ¬ËI wandered lonely as a cloud.â⬠ANQ. 16 (2003): 23-27. Frazier, Charles. Cold Mountain. New York: Vintage, 1998. Gifford, Terry. ââ¬Å"Terrain, Character and Text: Is Cold Mountain by Charles Frazier a Post- Pastoral Novel?â⬠Mississippi Quarterly. 25 (2001):87-96). Heddendorf, David. ââ¬Å"Closing the Distance to Cold Mountain.â⬠Southern Review. 36 (2000): 188-9. Inscoe, John C. ââ¬Å"Cold Mountain: Appalachian Odysseus.â⬠Appalachian Journal. 25 (1998): 330-337. Schoemaker, Jacqueline. ââ¬Å"Travel, Homecoming and Wavering Minds in Lyrical Ballads and other Poems.â⬠'A Natural Delineation of Human Passions': The Historic Moment of Lyrical Ballads. Amsterdam: Rodopi, 2004. Wordsworth, William. ââ¬Å"The Prelude: Book Fifth.â⬠Abrams 341-2. - - - ââ¬Å"I wandered lonely as a cloud.â⬠Abrams 254-5.
Saturday, October 12, 2019
Space and Power: An Analysis of the DC Riots :: Free Essays Online
Space and Power: An Analysis of the DC Riots Federal Communications Commissioner Nicholas Johnson has stated, "A riot is somebody talking. A riot is a man crying out, ââ¬ËListen to me mister. There is something Iââ¬â¢ve been trying to tell you and youââ¬â¢re not listening.ââ¬â¢" (Gilbert ix). During the 1960s the Civil Rights Movement made a transition from an allegiance to the ideology of nonviolence to one of black power and self-defense. After the death of Martin Luther King Jr., waves of disorder spread through the African American sections of more than 120 cities across the nation; however, the heaviest damage was done in the nationââ¬â¢s capitol of Washington D.C. (Gilbert 15-16). I am arguing that the cause of the riots was white people who antagonized and aggravated African Americans to an unbearable point. African Americans turned to militancy in hopes that it would bring some attention to the problems they were facing. During this time period, radical militant black power leaders also traveled to Africa and other third world countries to call for revolutions. The conditions of the cities where many of the uprisings occurred were deteriorating. Research has shown that blacks faced discrimination in employment, education, housing, and in matters dealing with the police. According to Joseph R. Brandt, a black minister during the 1960s, "In nearly every way, the gap between black people and whites has widened, rather than narrowed" (Barndt 17). An article published in 1969 in the Washington Post stated, "Today the Negro wage earner makes 53 percent of his white brotherââ¬â¢s salary, while in 1953, the figures were 59 percent." The African Americans of Washington, D.C. did not only making very little progress, they had actually gone backwards. Black people compromised more than one-half of the population of Washington, D.C. but they had less than one-eighth of the top jobs in the city ("Are D.C."). Compared to a white person, an African-American had only a one-forth chance of getting a job (Boesel 312). In 1969, employees of the General Services Administration charged their employer with systematic racial discrimination in its staffing, promotion and training practices (Honsa). Segregation could also be found in real estate and housing. The refusal of many institutions to grant a housing mortgage loan to black people was a definite factor in keeping some of the areas of the city segregated (Asher, F10). In 1964 complaints were filed against ten Washington real estate firms that showed different lists of available apartments to blacks than they did to whites ("Core").
Friday, October 11, 2019
Poetry Analysis Essay
Poetry is a beautiful form of art a writer uses to express ones emotions and thoughts. One of the hardest tasks is analyzing and understanding a poem. One line in a poem can be interpreted in so many ways, but when poetic devices are included in a poem, it makes it much easier to understand the theme and emotions the author is trying to portray. The two poems by John Donne that use poetic devices cleverly are ââ¬Å"The Fleaâ⬠and ââ¬Å"Batter my heartâ⬠. The themes of the two poems are all referring to the speakerââ¬â¢s desire. In each poem, the speaker is expressing his or her wants and needs. At least two poetic devices per poem help contribute to each poemââ¬â¢s meaning because a lot of poems are hard to understand and make the reader think and analyze the poem. John Donne seeks the theme of desires towards God and sexual intimacy through his use of poetic devices of metaphor, internal rhyme, and rhythm in ââ¬Å"The Fleaâ⬠and ââ¬Å"Batter my heart, three-personed God, for youâ⬠. John Donne services the devices of rhythm and metaphor to describe the charactersââ¬â¢ desires. In ââ¬Å"Batter my heart, three-personed God, for Youâ⬠, John Donne uses the poetic devices of tone and rhythm to emphasize the desire and passion the speaker has for growing closer to God. The poem uses a desperate tone: ââ¬Å"Take me to You, imprison me. â⬠By using the word ââ¬Å"imprisonâ⬠, it allows the reader to focus in on the speakersââ¬â¢ desire. The speaker is so desperate to be drawn closer to God. Donne presents this character as a lost soul seeking the love of God. Donne uses the rhythm of the poem to portray the level of desire the speaker wants ââ¬Å"Divorce me, unite or break that knot again. â⬠There are a lot of pauses and emphasis after deep meaningful words. First person is also used a lot to show a closer connection to the speakersââ¬â¢ feelings. The rhythm is moving at a more slower, dramatic pace. This is allowing the reader to view the speakers desire as deep and meaningful. ââ¬Å"The Fleaâ⬠uses a metaphor to imply that the flea is more than just a bug. Proving that the recurring theme in this poem is that the man is justifying his desire for intimacy with this woman. The speaker of the poem proclaims, ââ¬Å"Thou knowââ¬â¢st that this cannot be said a sin, nor shame, nor loss of maidenhead. â⬠The sense of doubt and hesitation from the woman causes the speaker to become defensive. He sees nothing wrong with them getting intimate and uses the excuse: ââ¬Å"Wherein could this flea guilty be,â⬠trying to heighten the womanââ¬â¢s desire to sexually intimacyThe line ââ¬Å"This flea is you and Iâ⬠implies the connection that the flea has with the two of them. Making them one, as if they are married. The speaker uses this line as a viewpoint through which the reader is able to see the speakerââ¬â¢s passion. The flea serves as a symbol of intimacy that the speaker wants to have with the woman and as the flea mixes both of their bloods, it was as if they already had sex. He is justifying his desire by using the flea as the excuse. John Donne explores the lengths humans would go to get what they desire within each poem. Although, each poem illustrates different desires, it is able to be captured within the poems. ââ¬Å"The Fleaâ⬠represents the lust through the metaphor of the flea. There is a lot of attention being given to the flea and the bite it made on the two of them. The speaker keeps referring to the flea and puts emphasis on the connection it has made between him and her by mixing their blood. The speakerââ¬â¢s goal was to fulfill his desire of intimacy without having the woman feel any guilt or self-doubt. ââ¬Å"Batter my heart, three-personed God, for Youâ⬠dials in on the passion to be a new person who is closer in God: ââ¬Å"Your force to break, blow, burn, and make me new. â⬠This poem examines the speakerââ¬â¢s want and need to be near to God. It gives a lens for the readers to see the depths this person will go and the sacrifices they will make to have the comfort of God. The use of internal rhyme is being used in ââ¬Å"The Fleaâ⬠- making it easier to understand the theme and speakerââ¬â¢s feelings. The first few lines of the poem consist of internal rhyme, as well as the rest of the poem:ââ¬Å"Mark but this flea, and mark in this How little that which thou denyââ¬â¢st me is. â⬠John Donne is able to capture the speakerââ¬â¢s theme and flow while still sticking to the consistency of internal rhyme. The poem has a consistency of using internal rhyme throughout the entire poem ââ¬Å"ââ¬â¢Tis true, then learn how false, fears be; Just so much honor, when thou yieldââ¬â¢st to me. â⬠Internal rhyme helps the reader understand the theme because the choice of words the speaker chooses to use all rhyme but are meaningful in the sense that they are adjectives for the speakerââ¬â¢s feelings. John Donne uses the poetic devices of tone and rhythm in ââ¬Å"Batter my heart, three-personed God, for Youâ⬠to emphasize the desire and passion the speaker has for growing closer to God. The things humans are willing to do to fulfill their desires is being examined by John Donne. In order to help better understand the theme in ââ¬Å"The Fleaâ⬠, John Donne makes great use of internal rhyme. The use of a metaphor in ââ¬Å"The Fleaâ⬠helps prove that the recurring theme in this poem is that the man is justifying his desire for intimacy with this woman. In ââ¬Å"The Fleaâ⬠and ââ¬Å"Batter my heart, three-personed God for youâ⬠, John Donne made great use of poetic devices to bring attention to the speakerââ¬â¢s desires for God and sexual intimacy.
Thursday, October 10, 2019
A Case Study of Nabil Bank
CHAPTER- I INTRODUCTION 1. 1 Concept of Banking The term ââ¬Å"Bankâ⬠is derived from the latin word ââ¬Å"bancusâ⬠, Italian word ââ¬Å"bancaâ⬠, French word ââ¬Å"banqueâ⬠which means bench used by medieval money exchanges and German word ââ¬Å"bankâ⬠which means joint stock company. According to oxford dictionary bank means ââ¬Å"an establishment for keeping money and valuable safety of the money being paid out on the customer order by means of cheque.Historically, banks have been recognized for the great range of financial services they offer from checking accounts of saving plans to loan for businesses consumers and governments. Hence, bank can be identified by the function they perform in the economy. Bank is a financial institution which deals with money. Banks collect the money from the surplus unit (savers) and lend to deficit units (users). Bank raises the funds by accepting deposits, borrowing funds and issuing equity.These funds are used by th e banks to buy securities and to make loans. Since, it accepts deposits and grants loan, it is regarded as the trader of money. Banks can be divided int three types on the basis of their functions and services ie. Central bank, Commercial bank and Development bank. Commercial bank offer services to individuals, hey are primarily concerned with receiving deposits and lending to businesses. Commercial bank is also known as the financial service needs in the economy. 1. Introduction of Nabil Investment Banking Nabil Bank Limited, the first foreign joint venture bank of Nepal, started operations in July 1984. It has paid up capital of NRs200 million. Nabil was incorporated with the objective of extending international standard modern banking services to various sectors of the society. Pursuing its objective, Nabil provides a full range of commercial banking services through its 47 points of representation across the kingdom and over 170 reputed correspondent banks across the globe.Nabil Bank Limited with its mission to be the 1st Choice Provider of Complete Financial Solutions ventured into capital market related activities and incepted its fully owned subsidiary ââ¬â ââ¬Å"Nabil Investment Banking Ltd. (Nabil Invest)â⬠which renders investment banking related services to the masses. Thus, Nabil Invest targets to establish itself as one of the leading Merchant Bankers in its short span of operation and as an Investment Banker with strong professional expertise in long run introducing innovative products and services in the Nepalese capital market with strict adherence to prevailing rules and regulations. . 2. 1 Services of Nabil Investment Banking Nabil Invest renders its institutional and retail clients wide range of services some of which are delivered currently while others will be delivered in due course with required exploration & innovation and due approval received from the Regulators as and when required, detailed as under; 1.Management of Public Offers/Further Public Offers Nabil Invest renders both its institutional and retail client services of managing public offer of shares/ debentures/right issuance of securities to existing shareholders/further public offer of securities etc to its clientele and has team of professional expertise to render quality services at competitive rates. . Underwriting Nabil invest on selective basis post independent appraisal of proposals reviewed through its professional team is rendering underwriting related services to its clientele as SEBON has made it mandatory for all institutions going public to underwrite at least fifty percent of the securities on offer prior public issue. 3. Portfolio ManagementThe Clients can delegate all their investment management related decisions to a pool of corporate finance experts of Nabil Invest who inturn will use the vast pool of industry specific data collected and analyzed by its research unit for making investments for clients portfolio which focuses primarily on safety of principal investment along with maximization of returns to Clients. 4. Registrar to Securities (RTS)Nabil Invest renders Registrar to Securities (RTS) related services to the valued shareholders of its institutional client and in the process keep on improving quality & timely delivery of services, the major hitch in this nature of services by competing institutions. 5. Loan Syndication Nabil Invest will use its existing relationship with other Banks/Financial Institutions to acquire required financial support for the financial closure of certain projects which it identifies as feasible and recommends for investment.The financial closure will be reached with either one institution or a syndicate of Banks/Financial Institutions depending on the size of projects and the requirement to diversify the risks to various portfolios from the part of member Banks/Financial Institutions. 6. Other Services Besides the services identified, Nabil Invest will always keep on e xploring innovative products and services that matches regional and global standards and target to launch the same in customization with the local market with due approval taken from the Regulators, if & when required.Thus, Nabil Invest intends to cater wide clientele rendering Investment Banking related services setting example and obtaining first mover advantage in the capital market of the country. 1. 3 Objectives of the fieldwork The objectives of the fieldwork are as follows:- ?To identify capital structure of Nabil Invest ?To analyze financial position and performance of Nabil Invest ? To evaluate portfolio of Nabil Invest 1. 4 Methods of Data collection Data collection is the process of collection of data and information through different sources or methods. To prepare this fieldwork report, the following method has been used:- Secondary Method:-The data , which is not orginally collected but obtained from published and unpublished sources, are called secondary data. These da ta are not original in character. The sources helping as secondary data for this field work reports are the annual reports of Nabil Bank, websites of nabil bank and nabil investment, books etc. CHAPTER-II DATA ANALYSIS AND PRESENTATION 2. 1 Capital Structure of Nabil Invest Table 2. 1: Capital Structure |Proposed|Effective| |NRs(000)|%|NRs(000)|%| Nabil Bank|78000|52|78000|74. 29| CG Finco P. Ltd|27000|18|27000|25. 71| General Public|45000|30|-|-| Total|150000|100|105000|100|Source:- Annual Report of Nabil Bank From the above table, it is shown the proposed and effective capital structure of Nabil invest. Nabil Invest proposed 52% capital of Nabil Bank, 18% capital of CG Finco P. Ltd and 30% capital of General Public. However, Nabil Invest's effective capital structure is 74. 29% by Nabil Bank and 25. 71% by CG Finco P. Ltd. It can be shown graphically as follows:- Fig 2. 1:- A Pie chart of Proposed Capital Structure of Nabil Invest Fig 2. 2:- A Pie chart of Effective Capital Struct ure of Nabil Invest 2. 2 Financial position and performance of Nabil Invest 2. 2. 1 Balance sheet of Nabil InvestTable 2. 2: NRs(000) Capital & Liabilities|2010/11|2009/10| Share Capital|105000|70000| Reserves and Surplus|7457|-529| Accounts Payable|7218|2628| Provision for Staff Bonus|1065|-| Deferred Tax Liability|60|-| Other Liabilities and Provisions|694|17| Total|121494|72117| Assets|2010/11|2009/10| Balance with banks|26337|70000| Investments|83400|-| Advance tax (net of income tax liabilities)|4453|-| Fixed assets (net of depreciation)|6169|1941| Deferred tax assets|-|176| Other assets|1135|-| Total|121494|72117| In the above, the balance sheet size grew by around 68% mainly due to rise in paid up capital.Paid-up capital which got increased by NRs. 35million was contributed by CG Finco P. Ltd. NRs. 27 million and Nabil Bank NRs. 8 million. In addition, net profit earned during the year also contributed to increment. Net worth of the Company surpassed paid-up capital after it registered profit. It can be graphically presented as below:- Fig:- A Bar Diagram of Assets And Share Capital of Nabil Invest 2. 2. 2 Income Statement of Nabil Invest Table 2. 3:NRs (000) Particulars|2010/11|2009/10| IPO Fees|305|-| Interest Income|12979|-| Management Services|6196|-| Gross Income|19480|-| Personnel Expenses|1574|222|General Operating Expenses|4927|482| Depreciation charge|1267|-| Gross expenses|7768|705| Operating Profit|11712|-705| Staff Bonus|1065|-| Profit before Tax|10647|-705| Tax Expense|2662|-176| Profit after Tax|7985|-529| Opening Retained Earning|-529|-| Closing Retained Earning|7457|-529| Source:- Annual Report of Nabil Bank A significant volume of the profit was contributed by interest income which not only incorporates return on equity placement but also the proceeds realized in the form of sharing of interest income with BFIs / Other Institutions whose public offers are being managed by NI in the capacity of Issue Manager.In addition, the Company also managed to earn returns by rendering specialized management services to the Bank. It is graphically Presented as :- Fig:- A bar diagram of profit of Nabil Invest 2. 3 Portfolios of Nabil Invest Table2. 4: (in million) Particulars|2010/11|2009/10| 1. Nepal Government Treasury Bills|6489|5896| 2. Nepal Government Saving Bonds|-|-| 3. Nepal Government other securities|2255|2077| 4. Nepal Rastra Bank Bonds|-|-| 5. Foreign Bonds|178|187| 6. Local Licensed Institutions|305|-| 7. Foreign Banks|3661|5391| 8. Organized Institutions' Shares|192|159| 9.Organized Institutions' Bonds andDebentures|-|-| 10. Other Investments||| 10. 1 NCM Mutual fund|1. 2|1. 2| 10. 2 Swift Investment|1. 6|1. 5| Total Investment|13082. 8|13712. 7| Source:- Annual Report of Nabil Bank The above table shows the portfolios of Nabil Invest in different securities and bonds. Here the two years fiscal years investment portfolios are provided. In the given table the highest amount of investment was done in Government Tre asury Bills. It can be identify that Nabil Invest is targeted towards the Government T- bills and securities. It can be due to no default risk and it is a risk free asset.I has also a high rate of investment in foreign banks. The lowest amount of investment of Nabil Invest is in mutual fund and Swift Investment. The above table is presented in a graph as below:- Fig:- A bar diagram of Portfolios of Nabil Invest 2. 4 Study Result After thoroughly analyzing, it is analyzed that Nabil bank has been operating as the subsidiary bank for Investments ie. Nabil Investment Banking. Nabil Investment Banking (Nabil Invest) is providing innovative, quality and timely services to the investors at large. From the analysis of data, it the capital structure of Nabil Invest has been identified.The proposed capital structure of Nabil Invest is 52% by Nabil bank, 18% by CG Finco P. Ltd and 30% by the General Public. But it is in effect that 74. 29% of capital is owned by Nabil bank and 25. 71% capital is owned by CG Finco P. Ltd. From this it can In F/Y 2009/10, the profit after tax is negative NRs 529,000 whereas in F/Y 2010/11, the profit after tax is NRs 7,985,000. This shows the increasing trend of profit of Nabil Invest. The high volume of the profit was contributed by the interest income. The portfolios of investment shows the different areas of investment by Nabil Invest.The highest amount of investment of Nabil Invest was Government Treasury bills for fiscal year 2009/10 and 2010/11 ie. NRs 5896 million NRs 6489 million respectively. It has also invested in Government Bonds, Securities and other Investments. CHAPTER-III SUMMARY AND CONCLUSION 3. 1 Summary NABIL Bank stands as the Bank of 1st Choice in the industry considering its network, a number of branches, a large capital base, diverse customized services and products, a chain of ATMs service points covering a wide regional / local spectrum. NABIL stands ahead in everything it does.The strategic purpose of Nabil is t o create values and economic opportunities across all the economic zones of the country and architecting products and services to that end. Nabil Investment Banking (Nabil Invest), a subsidiary of Nabil bank Ltd is rendering the investment banking related services to the masses. Thus, Nabil Invest targets to establish itself as one of the leading Merchant Bankers in its short span of operation and as an Investment Banker with strong professional expertise in long run introducing innovative products and services in the Nepalese capital market with strict adherence to prevailing rules and regulations.From the analysis, Nabil Invest has 74. 29% capital of Nabil Bank and 25. 71% capital of CG Finco P. Ltd. However, the proposed capital structure of NI is 52% of Nabil Bank, 18% of CG Finco P. Ltd and 30% of General Public. The income statement of Nabil Invest shows increasing trend of profit in each fiscal year ie. NRs 7985000 in F/Y 2010/11 and negative NRs 529000 in F/Y 2009/10. In fis cal year 2010/11 the profit was contributed by the interest income which not only incorporates return on equity placement but also the proceeds realized in the form of sharing of interest income.The balance sheet of Nabil Invest shows the increase in amount of share capital of Nabil Invest as well as increased in fixed assets and other assets. From Investments Portfolios of Nabil Invest, it is recognized that highest amount of investment has been made for the Government Treasury Bills in each fiscal year. The lowest amount of investment has been made for other investments like NCM Mutual Fund and Swift Investment. 3. 2 Conclusion From the above study, it is clear that for the purpose -â⬠To be the first Choice Provider of Complete Financial Solutionsâ⬠Nabil bank has created a subsidiary ie.Nabil Investment Banking Ltd. (Nabil Invest). Nabil Investment over the period will be managing public issues, underwriting of securities, management of client's portfolio & rendering th e services of the registrar to securities to client institutions. In addition, the unit will also be delivering Bond/Debenture Trusteeship services, work as Assets Management Company of the mutual fund promoted by Nabil, provide investment advisory services etc.Further, the Unit will keep on exploring and introducing innovative instruments in the Nepalese capital market. It is providing innovative, quality and timely services to the investors at large. Thus, the ultimate goal of Nabil Invest would be to stabilize the unit as just not a Merchant Banker but as an Investment Banker providing innovative, quality and timely services to the investors at large. This would differentiate itself from its competitors and create a niche of itself in the market.
Subscribe to:
Posts (Atom)