Friday, May 22, 2020
The Enron Scandal Background Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,000 staff and was one of the world s leading electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion in 2000. Fortune named Enron America s Most Innovative Company for six consecutive years. At the end of 2001, it was revealed that its reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, known as the Enron scandal. Financial Frauds EnronÃ¢â¬â¢s downfall is basically the accumulated effect of itsÃ¢â¬ ¦show more contentÃ¢â¬ ¦Mark-to-Market Accounting Mark-to-market accounting requires that once a long-term contract was signed, income was estimated as the present value of net future cash flows. Often, the viability of these contracts and their related costs were difficult to judge. Due to the large discrepancies of attempting to match profits and cash, investors were typically given false or misleading reports. While using the method, income from projects could be recorded, although they might not have ever received the money, and in turn increasing financial earnings on the books Because of these utilization of aggressive revenue recognition and mark-to-market accounting , Enron s revenues increased by more than 750% between 1996 to 2000, rising from $13.3 billion in 1996 to $100.8 billion in 2000. This extensive expansion of 65% per year was unprecedented in any industry, including the energy industry which typically considered growth of 2Ã¢â¬â3% per year to be respectable. For just the first nine months of 2001, Enron reported $138.7 billion in revenues, which placed the company at the sixth position on the Fortune Global 500. Special Purpose Entities Enron used special purpose entitiesÃ¢â¬âlimited partnerships or companies created to fulfill a temporary or specific purposeÃ¢â¬âto fund or manage risks associated with specific assets. The company elected to disclose minimal details on its use ofShow MoreRelatedEnron And The Enron Scandal847 Words Ã |Ã 4 PagesThe Enron scandal, discovered in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based mostly in Houston, Texas, and also the dissolution of Arthur Andersen, that was one amongst the 5 largest audit and accounting partnerships within the world. Additionally, to being the most important bankruptcy reorganization in American history at that point, Enron without doubt is the biggest audit failure. it s ever the foremost notable company within theRead MoreEnron Scandal2929 Words Ã |Ã 12 PagesLaw and Management Book Review Enron, Titanic and The Perfect Storm - Nancy B. Rapoport Student No: 0834172 Word Count: 1500 1 CILM Book Review 0834172 Two years after Enron filed for bankruptcy in 2001, Nancy b. Rapoport wrote this essay expressing her unique perspective on the real cause of EnronÃ¢â¬â¢s demise. This essay catches the readerÃ¢â¬â¢s attention instantly, because unlike abundant other articles written on the biggest corporate scandal in American history, the author here rejectsRead MoreEnron Scandal1844 Words Ã |Ã 8 PagesÃ¯ » ¿THE ENRON SCANDAL FACTS OF THE CASE Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Enron s predecessor was the Northern Natural Gas Company, which was formed during 1932, in Omaha, Nebraska. It was reorganized during 1979 as the main subsidiary of a holding company, Inter-North which was a diversified energy and energy related products company. During 1985, it bought the smaller and less diversified Houston Natural Gas company. EmployedRead MoreEnron Scandal9449 Words Ã |Ã 38 PagesThe Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure. Enron was formed in 1985 by Kenneth Lay after merging Houston NaturalRead MoreEnron Scandal Of Enron Corporation Essay1145 Words Ã |Ã 5 PagesIntroduction Enron scandal which aroused in 2001 was one of the most famous events in the area of fraud audit. As the auditor company of Enron, Arthur Andersen failed to prepare true and fair auditing reports. They both suffered lethal loss at that time. The following paragraphs will discuss this fraud event, including the organization history, the organizationÃ¢â¬â¢s event, the fraud issue in the event, the consequence of the main stakeholders, auditors in the event and their roles, and the current situationRead MoreThe Enron Scandal Of A Company1193 Words Ã |Ã 5 Pageswell. What if this company falsifies their records and in a couple of days the company and its stock value go from $90 per share to just a penny per share. You lose your money just because a company cheated and stole your money. This is what the Enron scandal did to thousands of people. It could have been stopped if more forensic accountants in the world are checking on the companies. This way they donÃ¢â¬â¢t lie about their stock value. Forensic accountants are in charge of checking business financial recordsRead MoreEnron Accounting Scandal1096 Words Ã |Ã 5 PagesEnron was originally a pipeline company in Houston, Texas in 1985. Enron became a company that was able to profit by providing deliveries of gas to utility companies and businesses. As the deregulation of electric power rose, Enron diversified the business and entered into an energy broker, which traded electricity and other types of commodities. Enron employed several highly qualified PHDs in mathematics, physics, and economics. Enron continued to enter into contracts with customers and utilizedRead MoreThe Enron Corporation Scandal 1791 Words Ã |Ã 7 PagesIDENTIFY THE ACCOUNTING PRACTICES THAT WERE ASSOCIATED WITH THE ACCOUNTING SCANDAL. The Enron Corporation failures made world headlines for many reasons ranging from greed from its executives, the alleged malpractice and criminal behaviours, and its quick and disastrous collapse. The most critical factor in EnronÃ¢â¬â¢s melt down was the use of creative and manipulative accounting practices to distort reported proÃ¯ ¬ tability and indebtedness that befell the corporation (A. Holt and T. Eccles, 2002) TheRead MoreThe Enron Scandal Essay619 Words Ã |Ã 3 PagesThe Enron Scandal In a front-page article with no less than four by-lines (7/03, Enron Triggers a Slew of Proposed Fixes But What Will Stick? by Steve Liesman et al.), The Wall Street Journal reports, As more than 10 congressional committees pursue inquiries, 32 Enron-related bills have been introduced to address ills ranging from auditor conflicts of interest to the scams of an unregulated derivatives market. The Securities and Exchange Commission pledges to reform accounting rules, getRead MoreThe Enron Scandal Of The United States1855 Words Ã |Ã 8 PagesThe Enron Scandal is still viewed today as one of the largest corporate bankruptcies in history. The greed that spilled throughout the organization started with gradual disregard for basic accounting principles. Initiated by small discrepancies in the company financial system became extreme financial crimes that left many without jobs and many investors penniless. The Enron scandal led to legislation that tightened restrictions on accounting prac tices in the U.S. requiring more strict compliance
Thursday, May 7, 2020
The war with Mexico is long remembered as an episode, and by no means is it an unimportant one. With the events that led up to its happening, from the Manifest Destiny to the disputes on territory, it has severely marked the United States. American historians regard the Mexican-American war as Ã¢â¬Å"the foulest blot on our national honorÃ¢â¬ . (sfmuseum.org) Unethical actions were taken gain Mexican territory. Polk and his hunger for land drove him to find some devious way to fight a war with Mexico. His belligerent attitude in regard to this war was the Ã¢â¬Å"foulest blot on our national honor.Ã¢â¬ However, as one studies the events that led to it, was it an unprovoked act of aggression? Or did the US unjustifiably lure Mexico into one of the bloodiest wars on American soil? The OÃ¢â¬â¢Sullivan article on Manifest Destiny sparked an initial interest amongst the American people. The idea that it was the United StatesÃ¢â¬â¢ destiny to expand across the continent became an ardent hope. America had a strong Christian belief that God had intended this for the country. The need for more land became vital as an increasing amount of immigrants flocked to the country each year. As the US gained more land, they steadily began to approach the western part of the continent. At the time, the United States was half of what it is now. The other half was owned by a country that would soon be forced into a two year war. Mexico was once a country half the size of the US. It stretched, as one could say, from coast toShow MoreRelatedThe Mexican American War Essay1223 Words Ã |Ã 5 PagesUnited States of America has been through many wars, wars concerning many things such as land oil, pride and respect. However, when the United States went to war with Mexico, it was planned over greed. The Mexican- American war was a war provoked by the United States, in efforts to expand the coasts of the country. Mexico was a small under privileged country who had previously to the war had already lost part of their country (Texas). Needless to say this war was cut throat and violent, it was howeverRead MoreThe Mexican-American War Essay870 Words Ã |Ã 4 Pagesdisregard for the toll a war can take on human lives. When the Alamo was fought back in February 1836, it was about the independence of Texas from Mexico. In retaliation of the death and destruction of human life, Sam Houston retaliated in April and killed 6 30 Mexican soldiers and took General Santa Anna prisoner (Tindall Shi, 2010). This was the start of the independence of Texas and the quest for annexation into the United States, which ultimately led to the Mexican-American War of 1846-1848. ThisRead MoreEssay on The Mexican-American War1466 Words Ã |Ã 6 PagesThe Mexican-American war determined the destiny of the United States of America, it determined whether or not it would become a world power and it established the size of the United States of America. Perhaps the war was inevitable due to the idea of Manifest Destiny - Americans thought they had the divine right to extend their territory. The Mexican-American War started mainly because of the annexation of the Republic of Texas (established in 1836 after breaking away from Mexico). The United StatesRead MoreEssay The Mexican-American War1216 Words Ã |Ã 5 PagesThe Mexican-American War. The Mexican-American war was a process of years of battles between the Mexicans and Americans but I think after this informational paper, youÃ¢â¬â¢ll seem to know a little bit more knowledge about it. How it all started, well in the beginning, the Americans and Mexicans both wanted to control Texas, but at the time it was a part of the Mexican territory, well soon enough Americans wanted control over it so badly that they started to travel into TexasÃ¢â¬â¢s land. Part of the reasonRead MoreCause Of The Mexican American War1864 Words Ã |Ã 8 PagesThe Mexican-American war, also known as the Mexican war happened between 1846 and 1848 with the participants being United States of America and Mexico. Texas, previously a Mexican state, was the primary cause of the war. A series of disagreements had occurred between Texans and the Mexican government leading to Texas declaration of its independence in 1836. Later, Texas decided to join the United States as the 28th state and this infu riated Mexico. Additionally, border disagreements came up withRead MoreThe American Army in the Mexican War1085 Words Ã |Ã 5 Pagesrepel invasions. This two level arrangement formed the basis of military establishment during the war. The U.S. army was not prepared for the war. The congress authorized 8613 men and officers for the war but, the actual number was fewer than 5500. Many regimental commanders entered before the War of 1812 but, were too elderly and infirm for an active duty. Looking at the poor state of army during the war, the Congress increased the number of private individual companies to hundred. This turned outRead MoreMexican American War Essay4448 Words Ã |Ã 18 PagesIntroduction/Background The Mexican American War began on April 25, 1846. The war lasted two years losing many men on both sides. The Mexican war was the third major fought by the United States. In 1810, Miguel Hidalgo y Costilla triggers the beginning of MexicoÃ¢â¬â¢s fight for independence from Spain. Mexico gained its independence in 1821 after a long and bloody revolution against Spain. For Mexico, the war between them and the United States was a fight to keep their institutions and national integrityRead MoreCompare and contrast the War of 1812 and the Mexican-American War.1456 Words Ã |Ã 6 PagesThe War of 1812 and the Mexican-American War are two wars that physically appear two opposites. The War of 1812 involves plenty of naval battles and a few major land battles, while the Mexican-American War involves numerous land battles and few, if any, naval battles. However there are numerous similarities. The War of 1812, The US saw Great Britain as a major problem because of their definition of contraband and the impressment of American sailors into the British Navy. And around this time theRead MorePolitical Outcomes of the Mexican-American War2030 Words Ã |Ã 9 PagesPolitical Outcomes of the Mexican Ã¢â¬â American War Post the Mexican Ã¢â¬â American War in 1846, there would be a plethora of political change that would be inevitable for the Mexicans, and the Americans. These changes would bring about a divide between the two countries that would keep them in a rivalry spanning over numerous decades. However, before this rivalry could occur, something would be needed to induce it. The Mexicans and the Americans would fight against each other for over a year until aRead MoreEssay about The Mexican War as an Exercise in American Imperialism1152 Words Ã |Ã 5 PagesThe Mexican War as an Exercise in American Imperialism The US government believed firmly in the doctrine of Manifest destiny, the government argued that they had the right and duty to expand through North American because it was necessary and inevitable. During the 19th century Mexico dominated a large amount of North America which was inhabited by American settlers and the American government aimed to expand the USA from the Atlantic Ocean to the Pacific Ocean and were
Wednesday, May 6, 2020
Different Business is affected by internal and external factors. These aspects have significant influences on the way business organisations are operating. One of these is the so-called disasters in an organization. We will write a custom essay sample on External or Internal Disaster in Organization or any similar topic only for you Order Now Disasters may be considered as external if the forces happens from the external environment of the organization, like globalization, global financial crisis, technological changes and others while internet disasters are those that happens inside the organization like failure to provide quality service, inability to market the products and service well, inability to handle risks which affects the overall performance of the organization. Primarily, the goal of this paper is to consider an internal disaster from one of the most controversial organizations in the market, i. . the case of Enron. Internal Disaster Aforementioned, one of the most talked-about issues and disasters in the industry is the auditing as well as accounting failure of Enron. It is considered as the largest bankruptcy and stock collapse (Fox 2003). Before the company faced this issue, Enron has been considered as a major American energy industry. The events or disasters that resulted to the bankruptcy and collapse started long before anyone had suspected fraud and anomalies at the industry. In this disaster, two names have been noted: Arthur Andersen and Enron. One of the disasters that challenged the company is the inability of the management to anticipate the wrongdoings of Arthur Andersen. The disasters are centered in auditing aspects just before Enron filed bankruptcy. For example in 1996, AndersenÃ¢â¬â¢s audit report regarding Waste Management finances were discovered to be irrelevant and materially false that results in inflation of Income of the company by over $1 billion in the middle period of the 1990s. On the other hand, in 1997, it has been found out by the SEC that Sunbean has used accounting tricks to create false profits and sales and AndersenÃ¢â¬â¢s role in this disaster is that he signed-off these financial reports event after an industry partner flagged them. Herein, the company faced major disaster of partnering or hiring an auditing and consulting industries which is distrustful and irresponsible. Although the company has not been aware, Enron still has some plans to prevent such issue. However, the initiative of the company when it comes to their financial audit has been very weak that it leads to their major bankruptcy. To be able to solve this kind of disaster, Enron management has provided disaster plans by identifying the root f the issue. After knowing the problem about Arthur Andersen, the management immediately seeks third party assistance to clear the issue by making Andersen pay for the scandals and anomalies he has done. On one hand, another disaster faced by the company is in line with the inefficient and strategic decision making approach and also having ambiguous and vague firm economic and practice aims. Although Enron has some management plan, the company has not been able to execute this plan well. For instance, The CEO of Enron had various product plans which needed major financial support; the organization during that period was also going through major disasters in their international businesses. In addition, it was not until Enron was financially unstable did the company starts to do something. So as to resolve this kind of disaster, the organization implemented different approaches. However, the strategy of the company only went from one major disaster of loss to the other. Because of the failure of the management of the organization to have strategic decision making, this lead to major disaster of investments and partnerships, the organizationÃ¢â¬â¢s growth slowed down . As a result more of its inabilities and failures had grown more apparent (Zellner et al. 2001). Bankruptcy and various cases against the company had resulted to their bankruptcy. In addition, various employees of the organization had lost their college funds, life savings, and pensions along with the collapse of the company. Herein, it can be said that the management of Enron must be able to have strategic decision making for the future to continuously sustain the strength of the company. In order to solve this disaster, the organization has been able to initiate a proper and strategic decision-making of the company. Herein, the companyÃ¢â¬â¢s decision should be made made strategically by identifying first the pros and cons of the decision that they made. The management sees to it that everybody should agree to the decision so that further conflict or risks within the company would not arise. Good decision making can be attributed as one of the vital factors that will help the business to achieve its core mission and objective. This alternative is helpful in a way that it can make the company more competitive and survive in the marketing environment. Conclusion There are many lessons that can be learned from the case of Enron and Arthur Andersen. It can be concluded that, based on the case of Enron, it is important that every individual in the business field should know how to manage or to handle disasters, specifically internal disasters in order for the business to achieve success and to be able to managed it effectively. In our case, it is important that the lessons learned from Enron and Arthur Andersen scandal should serve as enlightenment in making an efficient risk management manual How to cite External or Internal Disaster in Organization, Papers
Monday, April 27, 2020
The Business Proposal Global Hotel Tourism Essay This concern undertaking recommends the building of a Swimming Pool for Global Hotel plc Lagos, Nigeria. This swimming pool when built will assist the company to non merely bring forth an one-year gross N3,480,000 but will assist the administration to retain its present clients and besides increase the Numberss of suites booked from 20 to about 30 suites per twenty-four hours. The addition in suites is expected to increase on a monthly footing over the following old ages Apart from the benefits of extra income, addition in client s backing and the rise in suites booked, the building of this swimming pool will besides assist to heighten the hotels evaluation from a 4- Star to a 5-Star hotel which could be used as a footing for increased criterions and monetary value to clients. The mark clients of this concern venture are both the present and the possible clients of the hotel. They are normally the middle-class people in and around Lagos State. The undertaking is estimated to be N2, 000,000 and will be constructed in two months. On the other manus, this undertaking could bring forth a net income of N1, 480,000 in one twelvemonth. We will write a custom essay sample on The Business Proposal Global Hotel Tourism specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Business Proposal Global Hotel Tourism specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Business Proposal Global Hotel Tourism specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Since the concern assessment method used by the company is the Payback Period ( PBP ) , it will take the company 1 twelvemonth to reimburse its initial investing capital. Alternate concern chance The concern proposal considers the building of assorted forms and sizes of the Swimming Pool and its associated cost and benefit. The forms are Square-shaped N2, 800,000, Egg-shaped ( N2, 000,000 ) , Circular-shaped ( N3, 000,000 ) and the Rectangular-shaped ( N1, 800,000 ) . After a proper consideration, The Egg-shaped pool is proposed because it is more stylish and will set the company in a competitory border over its challengers. This is because all its rivals have either the square or rectangular-shaped pool which is no longer stylish. 1.2. LITERATURE REVIEW Harmonizing to the World Tourism Organisation ( WTO ) , Tourism is one of the top five export classs for every bit many as 83 per cent of states and is the chief beginning of foreign exchange net incomes for at least 38 per cent of states. Tax grosss from touristry are both direct and indirect. Direct revenue enhancement grosss are generated from the incomes earned by concerns and workers. Indirect revenue enhancements are responsibilities levied on goods and services purchased by tourers. The World Travel and Tourism Council estimates that revenue enhancement parts related to tourism global were over $ 800 billion in 2007. Tourism is a monopolistically competitory industry. It has many comparatively little endeavors bring forthing somewhat differentiated merchandises and services. Barriers to entry and issue are comparatively low. Harmonizing to Prof. Ajaola ( 2008, P.6 ) , the hotel and touristry industry in Nigeria still remained comparatively untapped . This means that there is a immense market in this industry. The hotel industry provides enormous chance for comparatively little concerns to boom and is a taking generator of occupations. The hotel adjustment sector entirely provided around 18.3 million occupations world-wide in 2005, harmonizing to the United Nations Environmental Programme ( UNEP ) . In an progressively competitory industry it is indispensable to bring forth new and advanced thoughts to distinguish a merchandise from others of the same nature ( Taylor, 2009 ) . Hotels can remain or leap in front of their rivals, without needfully incurring great disbursal, but by taking originative advantage of every chance and if Global hotels most win it must be at the head of invention. The building of this swimming pool is necessitated by the demand by the company to remain in front of invention and to make value service and experience to their legion clients from all plants of life. 1.3. Market ANAYSIS Lagos is Nigeria s most thickly settled province with stopping point to 18 million people ( National Population Commission, Nigeria ( 2009, P.12 ) . As a major transit hub with an international and local airdrome, Lagos is unambiguously placed to profit from tourer reachings into Nigeria. The presence of sea ports and major international route gateways of course place Lagos at an advantage for being the first point of call for approximately 68 % reachings into Nigeria ( the functionary web site of the Lagos State Government, Nigeria ) . Although Lagos province is the smallest province in Nigeria, with an country of 356,861 hectares of which 75,755 hectares are wetlands, yet it has the highest population, which is over five per cent of the national estimation ( Tradeinvestnigeria, 2007: P.2 ) . A The province has a population of 17 million out of a national estimation of 150 million. The UN estimates that at its present growing rate, Lagos province will be 3rd largest mega metropolis in the universe by Y2015 after Tokyo in Japan and Bombay in India. A Of this population, Metropolitan Lagos, an country covering 37 % of the land country of Lagos State is place to over 85 % of the State population. ( Lagos State Population Commission ) A The rate of population growing is about 600,000 per annum with a population denseness of about 4,193 individuals per sq. kilometer. In the built-up countries of Metropolitan Lagos, the mean denseness is over 20,000 individuals per square kilometer. Current demographic tendency analysis revealed that the State population growing rate of 8 % has resulted in its capturing of 36.8 % of Nigeria s urban population. World Bank, 1996 ) estimation at 49.8 million people of the state s over 140 million population. The deduction is that whereas state population growing is 4/5 % and planetary 2 % , Lagos population is turning 10 times faster than New York and Los Angeles with sedate deduction for urban sustainability.A A The gross estimation from the hotel industry by the Lagos State Government rose from about 78m Naira in 2007 to 150m Naira in 2010 ( Adetola, 2010 ) . The population backed by the inflow of people from all over the universe to this great metropolis means that there is a immense market in this industry. Besides, with the cheery nature of the metropolis and the tourer Centre like National Art Theatre Iganmu, Lagos Central Mosque, Slave Port Badagry, Glover Memorial Hall, First Storey Building in Nigeria, Slave Jetty Badagry, Early Missionary Cemetary, Canon Gun, Instrument of Slave Abolition A ; War, Slave Market Badagry, Christ Cathedral CMS, Tafawa Balewa Square ( Alade, Places to see in Lagos, 2010, p.13 ) , the building of this Pool will be a feasible and profitable thought. 1.4. Undertaking BENEFIT This undertaking when approved and executed will convey the undermentioned benefits to the company. 1. This undertaking will assist to hike the company s image among its clients and rivals and will decidedly take to increased gross revenues and net income. 2. This undertaking will assist the company to use the room s capacity from 20rooms to 40rooms which is about a 100 per centum addition 3. It will bring forth income from both the swimming pool and besides from the backing that it will pull to the suites. 4. It will besides cut down the cost of operation of the hotel as the fixed cost will be spread across to the swimming pool. Fixed cost like the cost of running the works and others. 5. It will guarantee that staffs are to the full utilised because the swimming pool will cut down the sum of idle clip. This once more can be seen from the fact that the workers like the room cleaners, laundry staffs and hotel attenders frequently stay idle after go toing to a limited figure of clients. This venture will therefore guarantee that the hotels workers are to the full engaged. 2.1. Undertaking RESOURCES Undertaking cost The undertaking s cost is as follows COST ITEM COST ( N ) Construction cost- 1, 300,000 Maintenance- 210, 000 ( 17,500/month ) Wages 432, 000 ( 3 workers/144,000 per one-year ) Gross saless advert 30,000 ( 3 Calendar months ) Other cost 28,000 Entire 2,000,000 Depreciation- 12 % per one-year Undertaking gross Gross point Revenue ( N ) Swiming Pool 1,620,000 ( 135000/month ) @ 15 customers/day Drinks: Liquors 288,000 ( 300 bottle/month @ ( N ) 80 ) Mineral 72,000 ( 150 bottles/month @ ( N ) 40 ) Suites 1,500,000 ( 600 customers/month @ 5000 ) Entire Revenue 3,480,000 Estimated net income = N1, 480,000 Fiscal analysis Since the company uses the Payback Period in measuring its undertakings, below is an analysis of the viability of this undertaking. It is expected that gross will increase yearly by 50 % . Year Revenue ( N ( 1000000s ) Cost N ( 1000000s ) PBP 1 3,480 2,000 1 year 2 5,220 2,400 3 7,830 2,880 Beginning of finance and other resources Finance Harmonizing to Brigham ( 2005 ) , Finance is the lifeblood and nervus Centre of a concern, merely as circulation of blood is indispensable in the human organic structure for keeping life ; finance is a really indispensable to smooth running of the concern. It has been justly termed as cosmopolitan lubricator that keeps the endeavor moral force. No concern, whether large, medium or little can be started without an equal sum of finance. Although there are different beginnings of finance available to the company e.g. bank loan, net income, divestment, creditors etc, this undertaking will be financed with the companies retained net incomes and will assist cut down the load of holding to pay involvement if the company decides to finance the undertaking with bank loan of approximately 20 % one-year involvement or other beginnings that have strings attached to them. Forces A good figure of concerns fail non because of deficiency of fundss but because they fail to prosecute the right workers ( Walker, 1980 ) . The success or failure of any administration is mostly determined by the quality of its work force. The direct and indirect cost of bad enlisting is serious. A individual placed in an unsuitable work is an unsuitable work is either unable to make the needed criterion of public presentation or is working under psychological strain. The building of the pool will intend that three ( 3 ) extra staffs will be engaged by Global Hotels and because there are limited Numberss of staffs in the company to enroll from internally, the workers will be recruited externally. The vacancies will be posted on the company s web site and other occupation sites which are normally free and will give the same consequence as paid advert. After the advert has be made and the right applier has been chosen, the other facet will be to prosecute the workers but they can non be engaged if they are non adequately trained. Training demands will be identified and the hotel director will guarantee that the right preparation plan is designed for the new workers to be trained. Although there are different developing techniques like talks, coaching, instance survey method simulation etc, the company will utilize the initiation as a agency of developing the chosen workers because they do non necessitate a specialized preparation that will affect much of the company s resources. Construction Company The company that will be selected will be able to run into the company s specification and deadline because incorrect design and the extension of the deadline will non intend good to the company. 2.2. Selling Scheme A selling scheme is a program that is developed with the end to market a specific thought or merchandise to certain people Kotler, ( 1980 ) . You have to make a great selling scheme in order to be successful with your thought or merchandises. Harmonizing to Porter, ( 1998 ) , there are three generic schemes available to a company-focus, cost leading and a discriminator and because the hotel industry is a monopolist competitory industry and there is a low entry and issue barriers, the propose scheme to Global Hotels will be the merchandise distinction scheme. The ground is that to win a big sum of clients in such an industry, a company will necessitate to merchandise different but similar merchandises and services to derive a immense market. The ground for taking the elliptic swimming pool is to pull client who normally are really witting of new and modern merchandises. Since the best form of the merchandise has been identified and the discriminator in usage, the following measure will be to make consciousness to the clients of the company s advanced merchandise. Although there are different options available for the company to make its possible clients, the best pick will be to utilize the telecasting medium. The ground for this pick is because of the fact that the mark clients are concern and extremely placed persons in the society who loves listening to the intelligence. The paid advertizement will be done at 7am and autopsy for three months. 2.3. Undertaking ASSUMPTIONS It is assumed that the addition in the Lagos State Government s gross projection means that there will be increased activity in the touristry industry for the coming twelvemonth thereby taking to an addition in clients to the company. It is besides assumed that of the mean client of 20 per twenty-four hours, at least 10 will act upon their friends or co-worker to sponsor Global Hotels Ltd every month. 2.4. Undertaking DESCRIPTION This undertaking which is the building of a Swimming Pool will be carried out by either of these companies whose proposals will be considered and one eventually chosen. The Hotel director shall oversee on a day-to-day footing the advancement of the undertaking. The Pool will be manned by one Staff who must be really good at swimming and will be made to remain by the side of the pool to supervise clients and deliverance any client who wants to submerge. Two Pool Attendant staffs will be employed to function clients need at the pool. These Three staffs shall besides be responsible for the general care of the pool. 3.1. Undertaking IMPLIMENTATION Plan Below is a table demoing the undertaking execution program for the building of the swimming pool by Global Hotels. The event day of the months, the event itself every bit good as the event account will be used to explicate the different events. No. Events day of the month Event Event Explanation 1 03-04-10 Construction Proposals The undertaking proposals will be sent to a figure of building companies. The ground for this is to choose from the list of interested companies the company that will be able to transport out the building of the swimming pool in the most cost effectual manner and meets with Global Hotels undertaking specification. Besides, the proposals will be considered based on the company that will finish the undertaking in the specified clip frame which is in two moths 2 30-04-10 Company chosen At this phase, among the list of companies that has shown involvement will be evaluated based on their path record. Then chosen company will be notified and asked to get down work. 3 14-05-10 Initial Project start-up capital provided Immediately after the right company has been chosen, initial mobilization fund of 30 % will be paid to the building company. This is to enable the company start work directly off. 4 28-05-10 Beginning of building After the mobilisation finance has been provided to the company, the following event will be to let the company two hebdomads to mobilise and convey in the necessary equipment and stuffs needed to make the occupation. This would hold been done before this day of the month and the occupation is expected to get down on this day of the month. 5 28-05-10 Undertaking monitoring and control To guarantee that the undertaking meets with the specification and is under agenda, the hotel director will be instructed to transport out a day-to-day supervision/ appraisal of the undertaking s advancement and study to the undertaking applied scientist to do necessary amendments in instance of divergences. 6 28-06-10 Placement of enlisting advert Since the undertaking is expected to complete by 6, June there is demand to get down pulling the right quality of staffs that will be needed to adult male both the swimming pool and to function as service staffs ( servers ) . 7 30-07-10 Appraisal and Concluding payments made-project completion The following phase will be the concluding appraisal of the undertaking after its completion and payments to the building company. This payment will merely be made after the undertaking has been weigh up and fund to hold met the agreed specification and design. 8 02-08-10 Invitation and choice of workers At this phase the right pool of appliers will be invited for interview and the right campaigner selected for the occupation. And since this is a new country of concern to the company, experience custodies will merely be engaged particularly the pool attendant staff who must be a good swimmer and savior. The right campaigner will be notified instantly and asked to get down work the undermentioned hebdomad. 9 09-08-10 Beginning of operation Immediately after the undertaking is completed and the right staffs selected, the following logical thing to make will be to get down operation by the official gap of the swimming pool to the public-customers. 10 09-08-10 Advert arrangement To guarantee that possible clients are cognizant of the company s new merchandise and to pull would-customers advert will instantly fellow and will be done utilizing the television-news hours as the right medium to make the mark market. 11 09-09-10 Undertaking rating The first month after the completion of the undertaking is a good clip to get down measuring the success of the venture. The undertaking will be evaluated to cognize if it has lead to an addition in room demand, client s sentiment on the new merchandise, and the entire profitableness of the undertaking utilizing the expected income as a footing for measuring the undertaking s success. 3.2. Undertaking Monitoring AND EVALUATION OF SUCCESS Although there are assorted techniques for monitoring and commanding a undertakings success, the earned value Analysis will be used to supervise the advancement of this venture from the beginning of the undertaking to the terminal. Besides the gross from the venture will be monitored to measure the undertaking s profitableness whether or non it meets with the company s forecasted net income. The Hotel Manager will besides supervise the cost of care of the pool every bit good the public presentation of the freshly employed workers to guarantee that the profitableness and standard aims are non compromised. Since an addition in cost of care and a lessening from gross will be unacceptable, the director will supervise the cost and guarantee that it does non travel beyond the estimated value. 4.1. Decision
Thursday, March 19, 2020
I. Group Profile 1. Name: Rastafarians, Rastas, or Ras Tafarians 1 2. Founder: Tafari Makonnen, pre-coronation title of His Imperial Majesty Emperor Haile Selassie I of Ethiopia. However, Selassie was more the embodiment of the Rasta faith than the actual founder of the religion. In actuality, he was known to have been devoted to Ethiopian Orthodox faith, which is more Christian-based in its theology. 2 3. Date of Birth: 1892 4. Birth Place: Harer, Ethiopia 5. Year Founded: approximately 19303 6. Sacred or Revered Texts: Certain sections of the Holy Bible are considered sacred, however the Rastafarians believe that some aspects of the Bible were changed by "Babylon," which has come to represent the white power structure. To greater represent the truth, Rastafarians reject the Bible used by most Christians, opting instead for a "black man's Bible," known as the Holy Piby. 4 Also, Rastafarians give special significance to the Ethiopian Holy Book, the Kebra Negast. 7. Cult or Sect: Negative sentiments are typically implied when the concepts "cult" and "sect" are employed in popular discourse. Since the Religious Movements Homepage seeks to promote religious tolerance and appreciation of the positive benefits of pluralism and religious diversity in human cultures, we encourage the use of alternative concepts that do not carry implicit negative stereotypes. For a more detailed discussion of both scholarly and popular usage of the concepts "cult" and "sect," please visit our Conceptualizing "Cult" and "Sect" page, where you will find additional links to related issues. 8. Size of Group and Member Characteristics: There are between 3,000 and 5,000 Rastafarians in the United States. However, these figures may be slighly distorted as a result of the large number of people who have adopted the external appearance of Rastafarians. 5 Worldwide, the total following is approximately 1,000,000 people.6 Most members are male. Tradit... Free Essays on Rastafarianism Free Essays on Rastafarianism I. Group Profile 1. Name: Rastafarians, Rastas, or Ras Tafarians 1 2. Founder: Tafari Makonnen, pre-coronation title of His Imperial Majesty Emperor Haile Selassie I of Ethiopia. However, Selassie was more the embodiment of the Rasta faith than the actual founder of the religion. In actuality, he was known to have been devoted to Ethiopian Orthodox faith, which is more Christian-based in its theology. 2 3. Date of Birth: 1892 4. Birth Place: Harer, Ethiopia 5. Year Founded: approximately 19303 6. Sacred or Revered Texts: Certain sections of the Holy Bible are considered sacred, however the Rastafarians believe that some aspects of the Bible were changed by "Babylon," which has come to represent the white power structure. To greater represent the truth, Rastafarians reject the Bible used by most Christians, opting instead for a "black man's Bible," known as the Holy Piby. 4 Also, Rastafarians give special significance to the Ethiopian Holy Book, the Kebra Negast. 7. Cult or Sect: Negative sentiments are typically implied when the concepts "cult" and "sect" are employed in popular discourse. Since the Religious Movements Homepage seeks to promote religious tolerance and appreciation of the positive benefits of pluralism and religious diversity in human cultures, we encourage the use of alternative concepts that do not carry implicit negative stereotypes. For a more detailed discussion of both scholarly and popular usage of the concepts "cult" and "sect," please visit our Conceptualizing "Cult" and "Sect" page, where you will find additional links to related issues. 8. Size of Group and Member Characteristics: There are between 3,000 and 5,000 Rastafarians in the United States. However, these figures may be slighly distorted as a result of the large number of people who have adopted the external appearance of Rastafarians. 5 Worldwide, the total following is approximately 1,000,000 people.6 Most members are male. Tradit...
Tuesday, March 3, 2020
Exercise, College Grades, and Graduation Rates You already know that regular exercise is important for controlling weight and avoiding a variety of health conditions. But it can also improve your academic performance. And, if youre a distance learning student, you may miss out on some of the opportunities for physical activity afforded to more traditional students who routinely walk around campus. But itÃ¢â¬â¢s well worth the effort to plan for it schedule exercise into your daily regimen.Ã Regular Exercisers Have Higher GPAs and Graduation Rates Jim Fitzsimmons, Ed.D, director of Campus Recreation and Wellness at the University of Nevada, Reno, tells ThoughtCo, Ã¢â¬Å"What we know is students who exercise regularly- at least 3 times a week- at an intensity of eight times resting (7.9 METS) graduate at higher rates, and earn, on average, a full GPA point higher than their counterparts who do not exercise.Ã¢â¬ The study, published in the Journal of Medicine Science in Sports Medicine, defines physical activity as at least 20 minutes of vigorous movement (at least 3 days a week) that produces sweat and heavy breathing, or moderate movement for at least 30 minutes that doesnÃ¢â¬â¢t produce sweat and heavy breathing (at least 5 days a week). Think you donÃ¢â¬â¢t have time to exercise? Mike McKenzie, PhD, chair of Exercise Physiology Sports Medicine at Winston-Salem State University, and president-elect of the Southeast American College of Sports Medicine, tells ThoughtCo, Ã¢â¬Å"A group led by Dr. Jennifer Flynn investigated this during her time at Saginaw Valley State and found that students who studied over three hours per day were 3.5 times more likely to be exercisers.Ã¢â¬ And McKenzie says, Ã¢â¬Å"Students with a GPA above 3.5 were 3.2 times more likely to be regular exercisers than those with GPAs under 3.0.Ã¢â¬ Over a decade ago, McKenzie said researchers discovered a link between exercise, concentration, and focus in children. Ã¢â¬Å"A group at Oregon State led by Dr. Stewart Trost found significantly improved concentration, memory, and behavior in school-aged children compared to kids who had additional lesson time.Ã¢â¬ Ã More recently, a study by Johnson Johnson Health and Wellness Solutions reveals that even short Ã¢â¬Å"microburstsÃ¢â¬ of physical activity throughout the day can have positive effects. Jennifer Turgiss, DrPH, vice president of Behavioral Science and Analytics at Johnson Johnson Health and Wellness Solutions, tells ThoughtCo that sitting for long periods of time Ã¢â¬â which college students are prone to do- can have a negative health effect. Ã¢â¬Å"However, our study found that five-minute bouts of walking every hour had a positive impact on mood, fatigue, and hunger at the end of a day,Ã¢â¬ Turgiss says.Ã This may be particularly beneficial to students who also work a full-time job and study in the evening and nighttime hours. Ã¢â¬Å"Having more mental and physical energy at the end of a day that requires a lot of sitting, such as a studentÃ¢â¬â¢s day, can leave them with more personal resources to do other activities,Ã¢â¬ Turgiss concludes. So How Does Exercise Improve Academic Performance? In his book, Spark: The Revolutionary New Science of Exercise and the Brain, John Ratey, a Harvard professor of psychiatry, writes, Ã¢â¬Å"Exercise stimulates our gray matter to produce Miracle-Gro for the brain.Ã¢â¬ A study by researchers at the University of Illinois found that physical activity increased the ability of elementary school students to pay attention, and also increased their academic performance. Exercise lowers stress and anxiety while increasing focus. Ã¢â¬Å"Brain Derived Neurotropic Factor (BDNF) which plays a role in memory is significantly elevated after an intense bout of exercise,Ã¢â¬ according to Fitzgerald. Ã¢â¬Å"This is a fairly deep subject with both physiologic and psychological factors at play,Ã¢â¬ he explains. In addition to affecting a studentÃ¢â¬â¢s cognitive skills, exercise improves academic performance in other ways. Dr. Niket Sonpal, assistant professor at Touro College of Osteopathic Medicine, tells ThoughtCo that exercise causes three human physiology and behavior changes.Ã 1. Exercise Requires Time Management Sonpal believes that students who donÃ¢â¬â¢t schedule a time to exercise tend to be unstructured and also donÃ¢â¬â¢t schedule time to study. Ã¢â¬Å"That is why gym class in high school was so important; it was practice for the real world,Ã¢â¬ Sonpal says. Ã¢â¬Å"Scheduling personal workout time forces college students to also schedule study time and this teaches them the importance of block timing, and prioritization of their studies.Ã¢â¬ 2. Exercise Combats Stress Several studies have proven the link between exercise and stress. Ã¢â¬Å"Vigorous exercise a few times a week reduces your stress levels, and likely reduces cortisol, which is a stress hormone,Ã¢â¬ Sonpal says. He explains that these reductions are vitally important to college students. Ã¢â¬Å"Stress hormones inhibit memory production and your ability to sleep: two key things needed to score high on exams.Ã¢â¬ Ã 3. Exercise Induces Better Sleep Cardiovascular exercise leads to a better quality of sleep. Ã¢â¬Å"Better sleep means moving your studies from short term to long term memory during REM,Ã¢â¬ Sonpal says. Ã¢â¬Å"That way, on test day you remember that teeny tiny fact that gets you the scores you need.Ã¢â¬ ItÃ¢â¬â¢s tempting to think youÃ¢â¬â¢re so busy that you canÃ¢â¬â¢t afford to exercise. However, the exact opposite is true: you canÃ¢â¬â¢t afford not to exercise. Even in you cant commit to 30-minute sessions, 5- or 10-minute spurts during the course of the day could make a significant difference in your academic performance.
Saturday, February 15, 2020
Profile of President Ronald Reagan - Essay Example During his term as a president, it was commonly known among the staff of white house that he gave effort in reading fan mails and in his own writing sends letters to them. Before Reagan run for the office, he was the president of the Screen Actors Guild. He became involved over the issue of communism in the film industry. His political views shifted from liberal to conservative (www.whitehouse.gov). His skills helped him gain popularity among people and this is evident when he toured the country as a television host, carrying the idealism of conservatism and becoming its spokesman. As a result, he was elected Governor of California and was re-elected in 1970. Reagan became the Republican President in 1980 and he chose former Texas Congressman and United Nations Ambassador George Bush as his running mate. While announcing his run for the presidency, he was able to communicate clearly his vision by saying, Ã¢â¬Å"At the heart of our message should be five simple familiar words. No big economic theories. No sermons on political philosophy. Just five short words: family, work, neighborhood, freedom, peaceÃ¢â¬ . He won 489 electoral votes to 49 for President Jimmy Carter. Reagan took office on January 20, 1981. Only 69 days later, he was shot by a would-be assassin. But before he allowed to be brought to the hospital, he delivered his one-hour speech. And while on the hospital bed before being brought to the operation room, he remarked to the hospital staff, Ã¢â¬Å"Please assure me that you are all RepublicansÃ¢â¬ . He was able to recover quickly and returned to duty. His wit and grace during the dangerous incident cause his popularity to soar. The president was able to deal with Congress and obtained legislation that stimulated economic growth, control inflation, increased employment and strengthen national defense.Ã In short, he was able to improve the economy of U.S.A. He cut taxes and government expenditures.Ã