Netscape’s Initial Public Offering

Account 414-Individual Case Questions: â€Å"Netscape’s Initial Public Offering† SS13 You are liable for delivering composed responses to the accompanying inquiries drawn from the case â€Å"Netscape’s Initial Public Offering. † You can work with others on this task, yet every individual must turn in their own arrangement of answers. 1. The case shows that a gathering of media firms made an interest in Netscape during April of 1995. Utilizing figures from the case, what is the base worth these speculators more likely than not surveyed for Netscape’s resources when they made this investment?The least worth these financial specialists more likely than not evaluated for Netscape’s resources when they made this venture was $163,636,363. 60. ($18M/. 11) I utilized $18M in light of the fact that that would be 11% of their value. 2. Utilizing figures in the shows, gauge Microsoft’s showcase estimation of value on June 30, 1995. Microsoft†™s showcase estimation of value on June 30, 1995 was $56,730,960. (39. 00*2. 32*627,000 offers) 3. For what reason would Netscape favor an IPO to the option of endeavoring to acquire new assets from a bank?Netscape would incline toward an IPO to the option of endeavoring to get new assets from a bank since they wished to subsidize anticipated future development, reserve money, and increase perceivability. Conversation question: You don't have to address the accompanying inquiry, yet you should consider it ahead of time since we will examine it in class. Is $28 the right cost for Netscape stock? What presumptions about development rates in profit may legitimize this stock cost?

Philippines and International Division Free Essays

Building an association In 1933, TTC chose Tony Kitchner to begin global activities. He requested the assets and self-rule to make an International Division. 1. We will compose a custom paper test on Philippines and International Division or on the other hand any comparable theme just for you Request Now The new division should have been discrete from Jollibee’s Philippine side, with an alternate personality and abilities. 2. He concurred with TTC that pulling in accomplices with great associations in their business sectors ought to be a need. 3. To extend a picture of a world-class organization and make it to look and act like a, dislike a nearby chain. 4. Kitchner started enrolling experienced internationalists from inside and outside Jollibee. Including outside experts for showcasing, money, quality control, and item improvement helped keep inventive thoughts stirring. Vital Thrust Tony Kitchner has a clear target that increment the pace of global extension with the goal of making Jollibee one of the world’s top ten cheap food marks by 2000. Two principle topics planned: 1. Focusing on expats: the a huge number of ostracize Filipinos working in the Middle East, Hong Kong, Guam, and other Asian domains as a dormant market for Jollibee and as a decent introductory base to help passage. However, subsequent to opening stores, he found that this market was restricted. 2. Planting the banner: the desire was that by growing the quantity of stores, the establishment could assemble brand mindfulness which thusly would decidedly affect deals. The issue is simply subsequent to accomplishing a specific degree of deals could most franchisees manage the cost of the publicizing and advancement. The other test was that fast development prompted asset limitations. I think he entered new markets without appropriate market. Operational administration Market section: Kitvhner gave obligation regarding the opening to one of the division’s Franchise Services Managers(FSM). One obligation in which a franchisee was profoundly included was the key first store. A structure supervisor in the International Division offered help. Oversight and proceeding with help As activities balanced out and the senior supervisor began to see designs in deals and operational needs, FSMs permitted stores to report similar information week after week and give a month to month outline. On the off chance that FSM saw a decrease in deals and directors couldn't think of arrangements themselves, FSM should mentor them to assist them with producing answers. This open association fit with TTC’s perspective on establishment relations. Be that as it may, his system was not engaged. CONTROL is a critical issue for progress and TK’s division was wild. Worldwide versus local practice After various market passage fights, various components of Jollibee’s Philippine plan of action should have been adjusted abroad. They concluded that they expected to reposition ourselves to focus on a more up-advertise customer base. Specifically, they hated the Philippine store plan. So Kitchner created three new store styles, in changed the red foundation to orange, and included the trademark. Kitchner and his staff rolled out various different improvements to Jollibee’s Philippine business working model. Redoing for nearby tastes Such changes incited protesting from numerous in the huge household business, and nothing activated more debate than the investigation with menu things. Chiefs in the global division accepted that menus ought to be acclimated to nearby inclinations. Since other menu things were only occasionally evacuated, these augmentations for the most part expanded the size of menus abroad. It generally came at the expense of some working proficiency and working control. So RD staff on the Philippine side questioned exhaustingly. By and large, the global division’s adjustment of menus and items caused significant strain with the Philippine side of Jollibee. I think Kichner overemphasized the distinctions in the abroad markets. He would have been savvy to fuse the Jollibee organization reasoning into his division to encourage the brotherhood that was woefully inadequate. The division that emerged between the household and the worldwide side show an absence of correspondence. Furthermore, propelling the International Division ought to at a progressively quiet pace. Step by step instructions to refer to Philippines and International Division, Papers

Breastfeeding: Advantages and Disadvantages

Breastfeeding: Advantages and Disadvantages This article is conceivably immense in its degree as the points of interest and burdens of breastfeeding can change colossally relying upon which authority one decides to counsel. (1) We will along these lines take a review and present the for the most part acknowledged contentions around there. There is a significant proof base for the advantages of breastfeeding for the newborn child, yet additionally the mother, the families and society in general. (2). The advantages are dietary, yet spread different territories, for example, improvement, invulnerability, mental prosperity, by and large wellbeing dangers, social and ecological zones (3) Human milk is broadly suggested as the food of decision for the in any case solid full-term infant. Aside from giving the ideal nourishment it contains various cell and humoral parts, for example, phagocytes, immunocompetant cells, immunoglobulins and hormones and furthermore plays a (so far, not completely characterized) job in advancing intestinal mucosal development. (4) In view of these (and other) contemplations, the World Health Organization suggests select breastfeeding for in any event the initial a half year of life. (5) There is across the board proof that the pattern towards general breastfeeding is expanding (viz. 6) in a large portion of the created nations, Fewtrell gives a worldwide figure of 2% every year. yet, examines show that this pattern isn't equivalent over all financial and segment gatherings. On the off chance that we explicitly think about the UK circumstance, at that point we can show that the beginning of breastfeeding is equivalent in the working and non-working moms gatherings, in spite of the fact that on the off chance that one considers the circumstance of what number of moms are as yet breastfeeding at a half year baby blues, the frequency in the working moms bunch is not exactly a large portion of that in the non-working gathering. (7) What at that point is the proof base for the advantages of breastfeeding? In tending to this inquiry we will bind our remarks to those pertinent to the created world. On the off chance that we consider the Kramer study, which looked at the advantages of kept breastfeeding from 3 months to a half year, the creators had the option to show that the extra 3 months delivered benefits as far as more prominent weight increase, more prominent development (length) along with a decreased occurrence of gastrointestinal disease. (8) In outright terms be that as it may, the advantages of breastfeeding over recipe milks (or dairy animals milk) is a lot more noteworthy. An immense number of potential youth diseases have been shown to have a lower occurrence in the breastfed kid including bacterial meningitis, looseness of the bowels, respiratory tract contaminations, otitis media, urinary tract diseases (9) just as less normal substances, for example, necrotising enetrocolitis (10). It is likewise huge that the all-cause death rates are 21% less in bosom taken care of newborn children. We should take note of that this figure, albeit precise, is deluding, the same number of high hazard babies are not bosom taken care of on account of their intercurrent issues. (11) Aside from diseases, numerous other medical advantages can be illustrated. There is a decrease in the occurrence in unexpected newborn child passing disorder younger than 1 yr. (12). Diabetes (Type I and Type II) is less normal among breastfed babies (in later life) similar to the frequencies of conditions, for example, lymphoma, leukemia and Hodgkin’s malady. (13). Breastfeeding will in general be related with a lower occurrence of stoutness, hypercholesterolaemia and asthma. (14) There is a somewhat more fragile proof base to help the advantage of breastfeeding as far as neurological turn of events. A few specialists propose that it can improve intellectual turn of events. (15) and it might likewise lessen the view of some excruciating boosts. (16) Notwithstanding benefits for the youngster, there are additionally various certifiable advantages for the mother who breastfeeds. In the event that nursing happens at the hour of birth, the resultant arrival of oxytocin lessens the occurrence of baby blues drain and speeds up uterine involution. (17). In the period after the birth, breastfeeding diminishes both fruitfulness and menstrual misfortune, it encourages an arrival to pre-pregnancy weight, it lessens the danger of both ovarian and bosom malignant growth (18) and may well decrease the rate of osteoporotic broke hips (19) In the initial section of this article we implied the advantages to the network all in all. These can be characterized in wording or decreased wellbeing expenses to the network by uprightness of the defensive impacts of breastfeeding. There are additionally less perceptible advantages as far as decreased representative non-appearance. A few specialists have ventured to highlight the natural advantages of decrease in vitality consumption on creation, circulation and removal of recipe takes care of and their bundling. (20) Up to this point we have thought about the positive advantages of breastfeeding yet so as to give a fair contention, we ought to likewise think about the drawbacks. The pre-term newborn child or seriously underweight or sick infant has extraordinary requirements and there are various reasons why they ought not be breastfed. The pre-term baby has juvenile physiological frameworks and the kidneys will most likely be unable to deal with the osmotic angles that are required to discharge the measure of liquid important to evacuate the measure of wholesome burden required for satisfactory development. This may bring about respiratory issues and intensification of any previous heart conditions (viz. patent ductus arteriosus). Therefore, most pre-term newborn child are electively parentrally taken care of and afterward weaned onto enteral taking care of when their gastrointestinal tract and other physiological frameworks are full grown enough to deal with the liquid burden. (21) On the off chance that the mother is sick or has a conceivably transmittable ailment, for example, HIV/AIDS or TB, at that point breastfeeding is contraindicated, for what it's worth in conditions when certain medications (both therapeutic and recreational) are taken by the mother. (22). We ought to likewise record that the proof for HIV/AIDS spread isn't secure, as certain examinations have proposed that breastfeeding really presents a level of insurance against HIV/AIDS for the kid. This is as yet a territory of impressive discussion. (23) It is additionally obvious from an assessment of the writing regarding the matter, that there is a lot of deception regarding the matter of breastfeeding in the well known press (and to a lesser degree in the clinical press). Breastfeeding isn't contraindicated in conditions, for example, Hepatitis B or C +ve. (24). Most febrile conditions are not a contraindication to breastfeeding as the maternal insusceptible reaction will be latently given to the youngster regardless. A few specialists recommend that tobacco smoking is a contraindication to breastfeeding. On the off chance that we expel contemplations of general wellbeing from the thought, there is no motivation behind why tobacco smoke ought to be viewed as a bar to breastfeeding accordingly. (it unmistakably might be silly notwithstanding) (25). A few specialists propose on hypothetical grounds that breastfeeding ought to be suspended during the time of physiological jaundice of the infant. Various late examinations have demonstrated this isn't essential and may cause inconceivable troubles in recovery building up breastfeeding after the occasion. (26) Fundamentally, inside the extent of the rejections alluded to above, human services experts ought to effectively energize and bolster moms in their capacity to breastfeed their posterity. In doing as such, one ought to consistently think about the self-rule of the mother (27) and endeavor to give strengthening and training so as to encourage the best outcome as opposed to impulse or enthusiastic extortion. (28). This should assist with guaranteeing the most extreme conceivable take up of breastfeeding from moms who have had the option to settle on a completely educated choice. On the off chance that immediate breastfeeding is preposterous, at that point, as a rule, communicated bosom milk is the favored substitute. In this article we don't dare to have secured anything like a thorough introduction of the contentions, yet there is no uncertainty, from an outline of the proof base regarding the matter, that in by far most of cases, both mother and kid will get generous advantages from having the option to bosom feed for in any event the initial a half year of life. References (1) Duerbeck N B (1998) Breast-taking care of: what you should know so you can converse with your patients. Comp Ther 1998 ; 24 : 310 318 (2) Kramer M S, Chalmers B, Hodnett E D, et al. (2001) Promotion of Breastfeeding Intervention Trial (PROBIT): a randomized preliminary in the Republic of Belarus. JAMA. 2001 ; 285 : 413 †420 (3) Schanler R J. (2001) The utilization of human milk for untimely newborn children. Pediatr Clin North Am. 2001 ; 48 : 207 †219 (4) Margolis L H and J. B. Schwartz (2000) The Relationship Between the Timing of Maternal Postpartum Hospital Discharge and Breastfeeding. J Hum Lact, May 1, 2000 ; 16 (2) : 121 128. (5) Fewtrell M S , J. B Morgan, C. Duggan, G. Gunnlaugsson, P. L Hibberd, A. Lucas, and R. E Klein man (2007) Optimal span of elite breastfeeding: what is the proof to help current proposals? Am. J. Clinical Nutrition, February 1, 2007 ; 85 (2) : 635S 638S. (6) Bonuck K A, K. Freeman, and M. Trombley (2006) Randomized controlled preliminary of a pre-birth and postnatal lactation expert intercession on newborn child social insurance use. Curve Pediatr Adolesc Med, September 1, 2006 ; 160 (9) : 953 960. (7) Kramer M S, Kakuma R. (2001) The Optimal Duration of Exclusive Breastfeeding. Geneva, Switzerland: World Health Organization ; 2001 (8) Kramer M S , Guo T, Platt R W et al. (2003) Infant development and wellbeing results related with 3 contrasted and 6 mo of selective breastfeeding. American Journal of Clinical Nutrition, Vol. 78, No. 2, 291 295, August 2003 (9) Heinig M J. (2001) Host resistance advantages of breastfeeding for the baby. Impact of breastfeeding term and selectiveness. Pediatr Clin North Am. 2001 ; 48 : 105 â€123 (10) Dewey K G, Heinig M J, Nommsen-Rivers L A. (1995) Differences in mor

Swiss Free Essays

He was additionally exceptionally strict and he dedicated a lot of his life to the Church and to the instruction of his youngsters. In the eighteenth century, minister and priests were the absolute most learned men in the nation and Johann Wyss was unquestionably no special case. His nitty gritty information on topography, organic science, and natural life is utilized to incredible impact in The Swiss Family Robinson. We will compose a custom exposition test on Swiss or then again any comparative point just for you Request Now Johann Wyss experienced childhood in Bern, a tranquil and prosperous city in Switzerland. He stayed in Bern for the vast majority of his grown-up life, aside from a short stretch as a military minister in his twenties, when he went around Europe with a Swiss regiment.Writing and recounting stories were only a side interest for Johann. His primary occupation was as a minister in his old neighborhood, a vocation he saved for a large portion of his grown-up life. In 1803, he resigned to his nation home in Koeniz, where he developed leafy foods honey bees. The Swiss Family Robinson began life as an all-encompassing sleep time story that Johann would advise to his four children. The celebrated story of Robinson Crusoe, composed by Daniel Defoe in 1719, roused Wyss’s thought of wrecked family †however Wyss ensured that there were guardians on his island as well, to educate and control the more youthful kids. II. Complete Pages 72 pages Chapter 1 †page 1 †24 Chapter 2 †page 25 †57 Chapter 3 †page 58 †94 Chapter 4 †page 95 †116 Chapter 5 †page 117 †136 Chapter 6 †page 137 †161 Chapter 7 †page 162 †211 Chapter 8 †page 191 †211 Chapter 9 â€page 212 †253 Chapter 10 †page 254 †280 Chapter 11 †page 281 †300 Chapter 12 †page 301 †333 Chapter 13 †page 334 †354 Chapter 14 †page 355 †371 Chapter 15 †page 372 †398 Chapter 16 †page 399 †426 Chapter 17 †page 427 †453 Chapter 18 †page 454 †472 III. Setting The primary setting is at the center of the ocean where the boat wrecked.The second setting is at the tropical island where they take asylum and before long adjust to nature. IV. Characters a. Father †the storyteller of the story. Father is an entirely learned man who knows nearly everything there is to think about plants and creatures they experience on the island. In spite of the fact that he is some of the time very severe, he is a caring dad and spouse. b. Mother †a patient and kind lady who can make extravagant suppers out of practically any fixings. On the other rendition of The Swiss Family Robinson, Mother’s name is Elizabeth. c. Fritz †the oldest child. Fritz likes chasing and frequently assists his with fathering on trips around the island. d. Ernest †the subsequent child. Albeit learned and loaded with helpful data, he can be fairly languid †something that his dad consistently reprimands him for. e. Jack †the third child and â€Å"as dynamic as a monkey†. When Fritz leaves for England toward the finish of the novel, Jack takes over from him as the best tracker on the island. f. Franz †the most youthful child. Franz is regularly terrified of the absolute most perilous pieces of the island life, yet grows up to be similarly as solid and courageous as his senior siblings. g.Jenny Montrose †the main young lady, aside from mother, in the novel. Fritz finds her on a close by island after the family have been living alone for a long time. V. Summation of the Plot When the Robinson family are wrecked on a uninhabited remote location, they locate another universe of experience and information. As they figure out how to adapt to the numerous issues of life on the island, they become much nearer as a family. To start with, they should safeguard as much from the boat as possible. Here, they commit an error. They think just about the present and don't take things from the boat that will help them for the future.They don't gather enough salt, vanished out of the ocean water, and, through a long, chilly, wet winter, their put away meat goes spoiled. They construct a tree house in an inappropriate spot and can't keep warm and dry. Be that as it may, they get familiar with this exercise well, and make the important changes to their life. They move to a cavern house and gather salt, form cabins and plant seeds against the privations of the following winter. They are very fortunate with their island. It appears to have everything for their necessities. After some time, they find bamboo, plants which make paper and material, bison, yams and salt for protecting their food.They even discover pearl-bearing shellfish which they will in the end make them rich. They just thing they don’t find is another living soul †until, that is, the oldest child goes investigating and finds another wrecked individual on a little island close by. Jenny was headed to meet her dad when her boat went down. Be that as it may, she realizes her dad will be looking for her and, sufficiently sure, a boat in the end shows up. Jenny and Fritz leave the island, yet the remainder of the family choose to remain. VI. Qualities Family †the family consistently help each other in the midst of danger.They are continually supplicating together particularly during Sabbath Days. Mother and Father ensure that their children consistently get the correct qualities and exercises. Home †being separated from their genuine home, the family regarded the island as their actual home. Nature †the family figured out how to live with nature. They find various products of the soil herbs and they get various creatures for food. They made a huge tree their home. They even made a monkey as their pet. VII. Analysis/Recommendation This epic is really a diary of the dad in the anecdote about the experiences of his family. He began his diary from the day of the tempest until Fritz left the island. For me, this novel is the ideal one for kids who like experiences. It’s like an explorer’s handbook and field reference book. It is loaded with data and methods in the midst of peril. This tale additionally gives tips in endurance as well as esteems and exercises like asking each Sabbath Day, being sluggish will lead you to nothing, and so on. This epic shows that in each issue and battles don’t ever lose trust. Rather, let’s simply acknowledge our demands and let’s appreciate everything God gave us whether it is fortunate or unfortunate. The most effective method to refer to Swiss, Papers

Unbroken Essay Essay Example

Solid Essay Paper Solid Essay Unbroken is a verifiable book composed by Laura Hildebrand. Whole is about Lieu Simpering, an Italian American that lives in Torrance, California, destined to be an Olympic miler and bombardier of the flying corps. He was conceived in January 26, 1 917, at 5 years of age, Lieu would smoke cigarettes while strolling to kindergarten, and at 8 years of age he would begin drinking. He had an inconvenient adolescence; he would take around his neighborhood and would eat whatever was palatable. He would be harassed in light of the fact that he was a little child hen his father showed him how to battle in this way, at that point he began starting ruckuses yet he constantly appreciated his more established sibling Pete. One day when Lieu was discovered sneaking individuals in to a b-ball game by utilizing his home key (he discovered theres a 1/50 possibility of a fitting a key to any bolt), was later nearly suspended by the head and was not, at this point ready to take an interest in any game or school movement. Pete asked to the guideline to let Lieu take an interest in a game wherein later Pete persuaded Lieu to join track and discovered he was acceptable at running yet Lieu didnt like running in this way, he did it for the praise. Pete began training Lieu and he started to break records and earned the epithet Torrance Tornado. Lieu took an interest in an Olympic 5000 qualifier and lost however in spite of the misfortune he got welcome to the last of the Olympic in NY. He had the option to contend in the Berlin Olympics of 1936 despite the fact that he set in second spot in the finals in a completion so close, Lieu later stated, you couldnt put a hair be;men us. We will compose a custom article test on Unbroken Essay explicitly for you for just $16.38 $13.9/page Request now We will compose a custom exposition test on Unbroken Essay explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom article test on Unbroken Essay explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer While missing seventh spot he intrigues the crowd and meets Hitler who says, Ah, youre the kid with the quick completion. What was so noteworthy was his sat lap which broke record his last time, 14:46. 8, was by a long shot the quickest 5000 run by any American in 1 936, just about 12 seconds quicker than Lashs best for the year. Lieu got in a difficult situation with the Nazis when he needed to accept the Nazi banner as a trinket and later answered that he needed a gift of the cheerful time he had in delightful Germany so they let him proceed to let him take the banner. At the point when the press needed to catch wind of Louses experience he had 2 variants of how he got the banner in one form, Hitler himself had permitted him to keep the banner. In another, Lieu had covered the banner so keenly that it was rarely found. He had done everything, went the story, to win the core of a young lady. After the Olympics were done the Olympic Village was changed into a military sleeping enclosure. Returning from the Olympics Lieu went to the University of Southern California, warming up to Jimmie Assai, who was later discovered as a Japanese covert agent/war criminal whose endeavors to go as an understudy were evidently a detailed stratagem. Lieu was anticipating the following Olympics yet was later dropped in view of World War II. In 1941, Lieu joined the Army Corps, yet drops out later on. Be that as it may, Lieu doesnt read the papers Of renunciation from the Air corps to discover later in the wake of marking he had consented to rejoin them so he turned into a bombardier. Mites aircrew was comprised of Phillips, impermanent co-pilot net, Simpering, Mitchell, Douglas, Pillsbury, Clansman, Monster, Lambert, and Brooked. They were a capable team and their first strategic was additionally effective was on Wake Atoll. After the clash of Naira, a portion of the men endure an assault on their base on Funfair. Their first plane was called superman yet was later incapable to work after contact by somewhere in the range of zeros where 2 crew members passed on from seeping in the skull and another from being shot. Their plane after Superman was Green Hornet which wasnt airworthy, had new group individuals and had motor disappointments more than 200 miles from base and made them crash and therefore just Lieu, Mac, and Phil endure. They floated in the Pacific Ocean for 46 days. The main day Mac froze and ate the entirety of the nourishment apportions. They made due on the fowls to use as snare and in some cases nourishment when they didnt get any pilot fish. When passing on of thirst Lieu implored god and guaranteed, If god would extinguish their thirst, he pledged, hed commit his life to him. Downpour would fall the following day. Before arriving at land Mac passed on and the Japanese Ana caught them. The Japanese didnt illuminate America regarding the catch of Lieu. They let Lieu and Phillip recuperate in a medical clinic then they Were moved to a detainee camp where they thought they would be executed. Since Lieu was a renowned Olympic sprinter, he was given cruel treatment by the gatekeepers. He was sent to a camp in Tokyo where he got custom treatment from Mouthier Wattage a. K. A The Bird. A Japanese advocate needed to utilize Lieu to make ace Japanese communicates to America at that point was rebuffed for can't. The men were totally cut off from updates on the war until the watchmen let them go when the war was finished. Lieu was sent to an emergency clinic to acknowledge later that he could never run again. At the point when Lieu at last got back home their family were overjoyed to see their once little Lieu was well alive yet didn't know about his OPTS until during a homecoming he began having flashbacks and spit at any individual that looked Japanese. He had bad dreams when the Bird was beating him. In the wake of meeting Cynthia for about fourteen days he chose to approach her for marriage. Lieu turned into a hard consumer and tragically Cynthia needed a separation. Cynthia has a strict arousing and chooses to not record a separation in the wake of meeting Billy Graham. Cynthia figured out how to persuade Lieu to go to a Billy Grahams message. Lieu recollects the day with Phillip where he vows to god, on the off chance that he spared them, he would serve god until the end of time. Lieu quits drinking, quits having bad dreams, excuses The Bird, began giving talks and showing up to tell his experiences.

Chapter3 Methodology - Free Essay Example

Chapter3: Methodology Introduction This chapter will focus on the research framework and design, the hypotheses formulation and research method. This methodology will base on motivational theories analysis of Maharaj Rock Quarry Company to determine the research aim and objectives. The process of primary and secondary including statistical method will be discussed. In addition, this research will use a pilot survey in order to provide reliability and validity. 3.1. Research framework, design and formulation of hypothesis The research design The stage of the research process is briefly explained below. The figure demonstrates the decision making that researcher must take in every phase of the process of the research. The research process is begin with discovering the problem and explanation. Figure A research process flowchart Source developed from Zikmund 1994 pp. 38 This research begins with discover the problem that some of the employees at Maharaj Rock Quarry are lack of motivation. This problem leads to decreasing in job quality and production process. After discover the problem, a clear objective and definite design are created to make the research more efficient. The problem definition stage of the research process is probably the most significant stage; however; it is commonly ignored from many researchers (Zikmund, 2000). Exploratory research then conducted throughout the beginning stage of the research process. By analyzing any previous research on employees motivation, by communicating with knowledge persons, and by casually examining the situation, the researcher can increasingly sharpen the concepts. The four major categories of technique to gaining insights and obtaining a clearer concept of a difficulty contain analyzing in secondary data, pilot studies, case studies and experience surveys. Secondary data related to motivation at work are collected. The inside information from the company, articles and books discussing theories and previous empirical studies about employees work motivation are also gathered. Zikmund (1994) found that secondary data usually be collected faster and lower cost than primary data. Conversely, secondary data maybe outdated or possibly will not precisely reach the objective of the researcher.#3605;#3656;#3629; pilot study 3.3 Data Collection Method In this research, researcher collected information to meets the research objective. Therefore, the literature review and related data are collected by using both primary data and secondary data. 3.3.1 Primary data Primary data is created to resolve the specific problem to investigate (McDaniel and Gates, 2007). Wilson (2006) stated that there are three key processes of gather primary data. Firstly, he called a process of observation, qualitative and quantitative research. Those process may be either separate or join together. From Table 3.1, quantitative research is suitable for this particular model as this research contain limited probing, with using of questionnaire and decision model. Table 3.1: The differences between Qualitative and Quantitative (McDaniel and Gates, 2007) A structured approach is used with sample of potential respondents to produce scientific insights into employees motivation at Maharaj Rock Quarry. Survey method was chosen to collect information. As Zikmund (1994) claimed that survey lsquo;is a research technique in which information is gathered from a sample of people by use of questionnaire; a method of data collection based on communication with a representa tive sample of individuals. He also emphasised that there are many advantages of surveys method. Surveys present quick, efficient and inexpensive of measuring information of the respondents. However there are some errors in survey research and the two main causes of error in survey are lsquo;random sampling error and systematic error. Figure present the a variety of survey error form. #3651;#3627;#3657;#3607;#3619;#3634;#3618;#3607;#3635;#3619;#3641;#3611;#3651;#3627;#3657;#3627;#3609;#3656;#3629;#3618;#3588;#3656;#3632; Figure Tree diagram of Total Survey Error Source: developed from Zikmund 1994 pp. 172 According to figure , this suvey might have some error 3.3.2 Secondary data K.Jear Secondary data has been written or printed by researchers for distinctive purpose that might be relevant to research problem (William, 2003). In the meantime, secondary data provides necessary background information and builds credibility in this study such as definition, industry data, and reference which are important for the beginning of this study (McDaniel and Gates, 2007). The advantages of secondary data are convenience and spend less cost and time when compare with primary data collection. Apart from this, the secondary data helps to clarify research needed while carrying out this research. The secondary data was gathered through the secondary research methodology which obtained information from previous source and documents. By doing this, the secondary data was available in reports of various organisations, internet, and literature materials such as books and academic research. The main source of knowledge and information is the text books that provide basic theo ry and definition of the targeted subject. From time to time, the authors often have different attitudes and opinions on particular issue. However, there is a main stream of theory which is thought to be typical because it was shared and accepted by the most authors. Many books demonstrated theories by cases and experience support. One disadvantage of the text books is that some of their information might be old-fashioned or out-of-date. Although some theories are old, they are classic models that are useful for many years. Several new theories were not be publicised immediately because they need to be tested, argued, evaluated, and written systematically into text books. Therefore, the text books provided only some reliable theories for this study, even though they are not the up-dated information. In addition, internet providing secondary information has become more visible and accessible to the researcher. Researchers have used such search engine which is now being popular among computer users to look for the needed information. Google and Google Scholar allow users to enter key words and to search for databases on their websites. However, search engine found many irrelevant articles and databases. Several journals provided new concept, idea, and recent information in different criteria and made them available in the form of electronic database. Academic journal is the most important source to get research findings and useful information that used in this study. The Brunel University supports its students and researchers by providing valuable resources such as books, journals, and databases. Athens account can access to electronic database which is the easiest and fastest way. Researcher used the key word lsquo;work motivation, lsquo;rewards system, and lsquo;employees satisfaction to find the needed articles from over thousand journals. Those included Human Resource Management International Digest, Journal of Managerial Psychology, European Jou rnal of Innovation Management, and Employee Relations The problem of using the journals is that the most articles aim to release the latest findings and information. Thus, it might lead to the lack of information validity and reliability in some area. Impact factor provides quantitative tools for ranking, evaluating, categorizing, and comparing journals. It is a measurement of the incidence in which an article in a journal has been cited in a particular period. However, impact factor apply only to journals, not articles or researchers. There is misuse in evaluating individual because a wide variation from article to article within a single journal. The limitations of secondary data, the fact that information was not designed particularly to meet this studys need. The collection of data was not controlled the accuracy of the secondary data such as gathering, codes, and data analysis. In addition, it might be biased to support the vested interest of source. Based on secondary data, there are vital theories, framework, and recent information for this research. Nevertheless, the availability, the accuracy, the validity and the reliability are frequently involved all these data collection. The secondary data is insufficient for the conducting of this research. Hence, this research needs more primary supporting data to ensure that the result of research findings are valuable and reliable (Malhotra, 2007). 3.4 Population and Sampling As Cooper and Schindler(2000) asserted that population is the whole group of basics concerning what the researchers desire to shape out the results and finding. Thus, the chosen group of people has to be a good quality representative of the population (Grimm, 1993). 3.5 Questionnaire design Relevance and accuracy are the two fundamental criterions to be reached whether the questionnaire is to meet the researchs objectives. The questionnaire was designed systematically by made quite a few decisions as listed below (Zikmund 2000) o What should be asked? o How should each question be phrased? o In what sequence should the question be arranged? o What questionnaire layout will best serve the research objective? o How should the questionnaire be pretested? Does the questionnaire need to revised? For asking the respondents a specific question and gave them a particular alternative to help them make a quick decisions, close-ended question was used (Aaker and Day, 1990). In addition, the questionnaires were made in both Thai and English versions as mean to bring the participants have deeper and clearer understanding in the questions. The questionnaire contains 10 questions and was classified into two main area (see in Appendix 1). As the instruction can support the participants to complete questionnaire, the researchs objective was noticeably described. An explanation of respondents voluntary and confident was provided by encoding information to numeric form. Finally, the most significant part is individual opinion, and therefore, this study can minimize biased response by stressed that there is no right or wrong answers. The questionnaire can be categorized into four sections as shown in table 3.6 Pilot test and Alterations K. Jear Pilot testing or pre-testing is a self-administered questionnaire survey that is tested in full range of questions. The purpose is to identify problem in the questionnaire, eliminate research design fault, and to measure the practical, format and completion time (Ghauri and Gronhaug, 2002; Wilson, 2006). This testing can ensure that respondent understand all questions and questionnaires consist of full targeted information. It also can articulate whether the method chosen for the use in a research program is adequate to meet the research objectives (Ghauri and Gronhaug, 2003). It is important to prove questionnaire which is carried out in this research is consistent and able to do actual research. The questionnaire was conducted by sending the email survey to a small group of sample of the population. The participants were chosen by judgment of the sample in which investigator regards as the most appropriate in this research. All of them have to work at Maharaj Rock Quarry Compa ny with different ages and work experience. Ten pilot survey with difference ages and work experience was conducted. This may provide difference idea of rewards toward work motivation. 3.7 Validity and Reliability The research which provided opportune correct and clear information is an ideal research(McDaniel and Gates, 2007). Finn et al (2000). stated that research is assessed by using a validity and reliability to guarantee adequacy of attitude scales. This research used lsquo;Cronbachs alpha technique which basically calculate the average reliability coefficient. This technique calculates the standard intercorrelations between items to concept (McDaniel and Gates, 2007 ; Bryman and Cramer, 2995). Generally, alpha score less than 0.60 represents a lack of reliability, the alpha which can acceptable should be between 0.7-0.8 ranges, and over 0.8 is more internally reliable (Saunders et al., 2007 ; Cronbach, 1990 ). Sekaran (2003) stated that 10-20 respondents were appropriate for a pilot study;thus, ten questionnaires were carried out as a pilot survey. According to pilot surveys, the reliability coefficient alpha for 10 variables is 0.819 (Appendix 2a), therefore, this questionnaire is acceptable and appropriate to conduct actual research. 3.8 Method of Analysis (SPSS) The data collected in the questionnaires administered for this study were analyzed using SPSS (statistical package for Social Science) version 13.0. The alpha level is 0.05.Likert scale technique was used in order to achieve an appropriate measurement of the respondents attitude toward job satisfaction and motivation. Pearsons correlation was used to examine the correlation concerning variables in the research framework. Then, multiple-regression is used to investigate the relationship between independent and dependent variables. 3.9 Limitations of the survey Limitation occurred in the survey could affect the result of the research. In this study, there were three core possible limitations which are method of data collection, answers given by the respondents and questionnaires. Firstly, selected approach for data collection was one of the limitations. As Schaefer and Dillman (1998) agreed that although World Wide Web technology is more prevalent in surveying methods, there is still some disadvantage of it. Nevertheless, due to this research focus on online purchasing behavior, gathering data by merely through online could lead to biasness. To a large extent, sending out online questionnaires to respondents could produce narrowed scope of sample group. It is obvious that people who response the online questionnaires seem to be respondents whose life styles are already online. As a result, it could have an influence on biasness as it eliminates the opportunities to collect data from other people who do not have or do not want to have onli ne access. In this case, thus, another data collecting approaches such as face to face interviewing or sending questionnaire by hand delivery instead of web-based communication might bring more efficiency for the research outcome. Secondly, respondents might be a cause of incorrect answers. For one thing, certain respondents are in a hurry, so they might choose the wrong choices by accident, and some of them might in an unstable emotion, then the questionnaires are completed wrongly. Apart from these, there are still having other factors like unreliability of the respondents, their misunderstanding and their prejudice toward online purchasing behavior. Moreover, they may answer the questions roughly without consideration, therefore, the answers that come from these kinds of respondents do not elicit from the real opinion or experience. Lastly, the questionnaire itself could affect the validity and reliability of the research. It is generally agreed that the close-ended questio nnaire is provide less time consuming and ease of use for respondents. On the other side, the multiple choices presented in the questionnaires might not perfectly match to their exact opinions. Accordingly, respondents had to choose one choice that is not an answer they want because they cannot find the answer that actually suits their points of view. 1. #3614;#3609;#3633;#3585;#3591;#3634;#3609;#3652;#3617;#3656;#3585;#3621;#3657;#3634;#3605;#3629;#3610;#3605;#3634;#3617;#3588;#3623;#3634;#3617;#3648;#3611;#3655;#3609;#3592;#3619;#3636;#3591; 2. 3.10 Summary This chapter focused on the research design that appropriate with the research aim and objectives. Several different methods was used as to collect the data both primary and secondary data. The quantitative research is both launched through web hosting site and used of electronic mail. Furthermore, the use of pilot test is to guarantee that the questions are capable to carry out in actual research, to evaluate reliability as a consequence of Cronbach alpha technique and to evaluate proper samples size from statistic formula. The next chapter will analyze data from data collection to test hypotheses from the designed framework.

The One Strategy to Use for Chspe Essay Questions Samples Unveiled

The One Strategy to Use for Chspe Essay Questions Samples Unveiled Therefore, if you choose not to compose the SAT essay, you won't be in a position to apply to these schools. Colleges which don't require the SAT Essay fall into the consider and don't consider camps. ACT makes it tough to acquire a replica of your Writing essay, but College Board includes it as part of your internet report. You can likewise do the essays provided in the very first section of each one of the tests in the Official Study Guide. This section will examine two essays from the examples which were collected above so we are able to pull them apart and inquire into the criteria that result in a terrific college application essay. The same is true for writing during the SAT Essay part of the test. Chspe Essay Questions Samples for Dummies Some individuals would like school to begin later and some want it to stay the exact same as it currently is. If this is the case, you could be experiencing a mild form of what's referred to as test anxiety. In general, it was a superb experience. It took me about five years of teaching to start to learn that rubrics ought to be used daily to aid teachers continue being objective and maintain fairness whatsoever times. Chspe Essay Questions Samples Help! If there's a discrepancy between both scores, a third examiner will look at it. Grading massive wo rks, especially towards the conclusion of the school year, feels like it's an endless and mindless approach. Our report will reveal to you precisely what to do. This exceptional report removes the uncertainty and permits you to understand precisely what you need to learn about your CHSPE score. But it doesn't need to be. Much like any college enrollment, assessment tests might be required upon college entrance to influence the student's ability for placement in the acceptable courses. Possessing many admirers is 1 approach to turn into a celebrity, but it's not the best way to develop into a hero. The author demonstrates competent constraint of sentence structure and word choice though there are a couple of awkward phrases (To me when you examine the benefits and disadvantages, starting school for an early time is better''), they don't confuse meaning. If you don't feel as if you have enough time to compose essays by yourself, we will aid you, any instance of the day, seven days per week. Maintain a sense of humor and laugh from time to time. It's important to keep in mind precisely what the student would like to read,'' says Murphy. Effective teachers have lots of love and compassion. The better part of the essay employs standard English and English grammar. Therefore, you won't get a score for your essay. Learn more about the way the essay is scored. It gives you an opportunity to show how effectively you can read and comprehend a passage and write an essay analyzing the passage. Yes, there's a person who can aid you with your essays expert essay writers at MyPerfectWords. If you're looking for top essay writing companies, try out the mentioned above. Imagine the caliber of writing you'll receive from a low-cost essay writing service. There are several essay writing services that think they're the very best, and thus don't be cheated and check the legitimate collection of the very best. And they're the 2 keys to any terrific essay. The totally free CHSPE pdf book shows examples of essays and the way they're scored. The Demise of Chspe Essay Questions Samples It is recommended to look for the one which has a fantastic reputation and offers high-quality papers at inexpensive prices. If you would like to get high high quality research and thesis papers punctually and for an affordable price, you should probably attempt using EssaySupply.com. If you like you may look online and find one which you like. We offer flexible system of discounts, but in addition our discount policy which allows you to conserve money on ordering essays at one time.

The Great Depression And Its Effects - 1011 Words

The Great Depression was a ten year, economic downward spiral in the U.S that spanned from 1929- 1939. The cause of the Great Depression was the fault of several contributing factors. First was the stock market crash that occurred on black Tuesday of October 1929. This was the major cause because stock holders lost more than 40 billion dollars, and although it regained some of its losses, by end of 1930 truly entered the Great depression. Stock prices reached a permanent plateau. 2 out of every 5 dollars a bank loaned were used to purchase stocks. The market peaked September 3 with production still down banks began to fail and fewer homes were built. Next were bank failures. Throughout the 1930’s over 9,000 banks failed. Bank deposits†¦show more content†¦Since the crash hoover worked tirelessly trying to fix the economy. He founded government agencies like, encouraged harmony among the labor force and local aid for public work, fostered corporation between government and business to stabilize prices, and found it difficult to balance the national budget. As the depr ession worsened the call grew for increased federal intervention and spending. He refused to involve federal government and enforced fixed prices, controlled businesses, of manipulated the value of the currency. All of these he felt were steps toward socialism. He also gave indirect aid to banks and local public work projects but refused to use federal money for direct aid to citizens, instead in used voluntarism to raise money. His opponents thought of him as being uncaring toward the everyday man. Although he was a philanthropist before his presidency during his reelection campaign he tried to convince Americans that the measures they were calling for might seem to help them short term but would be detrimental in the long run. He backed his ideals by announcing that he cared for America too much to destroy the countries foundation with deficit and socialist institutions. In the end he was indisputably defeated by Roosevelt in 1932. President Franklin D. Roosevelt took over as head of the oval office in 1933 and quickly began trying to both stabilize the economy and providing jobs and other forms of

Sports Direct Financial Performance Analysis - Free Essay Example

Sample details Pages: 8 Words: 2476 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Case study Level High school Did you like this example? Introduction Sports Direct Plc is a profitable and successful with an immense potential for growth as indicated by the Price Earning ratio of 27.73 times (Appendix 1). The purpose of this essay is to analyse the financial performance of Sports Direct Plc based on the calculation of the profitability, liquidity, efficiency, solvency and investor ratios. Thereafter, the essay will compare the financial performance and position of Sports Direct Plc with that of JD Sports Fashion Plc. Don’t waste time! Our writers will create an original "Sports Direct Financial Performance Analysis" essay for you Create order Subsequently, the essay will provide a recommendation to the investors regarding the investment in Sports Directs shares. Finally, the essay will conclude by assessing the limitations of the financial analysis carried out based on the accounting ratios. Analysis of the financial performance of Sports Direct Plc and Comparison to a competitor JD Sports Fashion Plc Sports Direct Plcs revenue has grown by 23.8% from GBP 2,706m in 2013 to GBP 2,185.6m in 2014 (Sports Direct Plc, 2014). This success is underpinned by Sports Directs core strategy of expanding their product base (Sports Direct Plc, 2014). Sports Direct has not resorted to price cutting strategies in order to achieve this growth. This is evident by the improvement in its gross margin from 40.94% in 2013 to 42.68% in 2014 (Appendix 1). The product mix of Sports Direct is improving with its premium category products gaining greater acceptance in the market (Sport Direct Plc, 2014). Operating and net margins have witnessed a modest fall because the new stores that have opened to support the growing premium lifestyle divisions are performing slightly below the capacity (Sports Direct Plc, 2014). Sports Direct Plc has significantly outperformed JD Sports Fashion Plc in terms of the overall profitability despite of JD Sports Fashion Plc having a better gross margin (Appendix 1 and App endix 2). The sales channel mix of the two businesses is the key driver of the overall profitability. Although online sales grew for both the businesses, the growth in online sales was higher for Sports Direct Plc compared to JD Sports Fashion Plc contributing to the improved operating profit and net profit margin for Sports Direct Plc. Online sales typically attract lower overheads compared to the retail sales and can significantly contribute to improving profitability of a company (ICAEW, 2012). Current ratio and liquidity ratio are identified as key indicators of liquidity in a business (Robertson, 2007). The current ratio of Sports Direct Plc has fallen from 1.64 in 2013 to 1.06 in 2014 (Appendix 1). The fall in the current ratio for Sports Direct Plc is not reassuring and the absence of cash is worrying. Furthermore, weak quick ratio of 0.35 is indicative of weak liquidity position and could be indicative of inability of Sports Direct Plc to meet its short-term liabilities i n the future. JD Sports Fashion Plc has a better current and quick ratio compared to that of Sports Direct Plc. One of the important factors contributing to a poor liquidity position in Sports Direct Plc is the consumption of cash to facilitate expansion through opening new stores (Sports Direct Plc, 2014). Furthermore, higher inventory turnover days of 133 days for Sports Direct Plc compared to inventory turnover days of 105 for JD Sports Fashion Plc has also contributed to lower liquidity in Sports Direct Plc compared to the liquidity in JD Sports Fashion Plc (Appendix 1 and Appendix 2). The purpose of calculating gearing ratios is to analyse the financing structure of the business (ICAEW, 2012). Gearing ratios reflect the level of risk attached to the company and the sensitivity of earnings and dividends to changes in profitability level (Grewal, 2014). The statements of financial position of the two businesses are significantly affected by their different capital structures. JD Sports Fashion Plc is more geared compared to Sports Direct Plc. Lower gearing compared to competitors for Sports Direct Plc can enhance its ability to raise more debt to fund future expansion. Sports Direct Plc inclination towards leasing assets and reliance on overdraft facilities contributes to its relatively low level of gearing. This may allow Sports Direct plc to have flexibility in operations and reduce its risk. Furthermore, the value of non-current assets in Sports Direct plc accounts is higher than the value of non-current assets in JD Sports Fashion Plc accounts (Sports Direct Plc, 2014: JD Sports Fashion Plc, 2015). This is indicative of its ability to raise capital through debt market to fund the future expansion. The purpose of calculating interest cover ratio is to assess the ability of a company to meet its interest obligations out of profits (Goyal and Goyal, 2012). Although the interest cover ratio for Sports Direct Plc has fallen from 22 times to 13 times an d is lower than the interest cover ratio of JD Sports Fashion Plc, it is still reflective of a healthy interest cover ratio and is indicative of Sport Direct Plcs ability to meet the interest obligations out of its profits. The purpose of calculating efficiency ratios is to analyse the managements effectiveness in running the business efficiently (Grewal, 2007). Efficiency ratios reflect managements ability to reduce the working capital requirement for a given level of activity (ICAEW, 2012a). Receivables collection days of 16 days highlight low level of credit sales, which is consistent with the retail nature of the business and enables Sports Direct Plc to manage its working capital efficiently. The increase in payables payment period from 48 days in 2013 to 56 days in 2014 further contributes to efficient working capital management (Appendix 1). This reflects Sports Direct Plcs ability to negotiate better payment terms with its suppliers. Furthermore, this is also indicative o f efficient management, as the gap of twenty-seven days in the payables payment period between the two companies in the prior year has been narrowed down to a gap of two days. The inventory turnover days are 133 days and 105 days for Sports Direct Plc and JD Sports Fashion Plc respectively (Appendix 1 and Appendix 2). Furthermore, the inventory turnover days has increased by seven days from 2013 for Sports Direct Plc (Appendix 1). This is reflective of increased inventory holding cost for Sports Direct Plc. Rapid innovation of new products contributes to making previous product lines obsolete (ICAEW, 2013). This can impact the future margins because of the net realisable value for these products may drop significantly below its production cost (ICAEW, 2013). Management needs to invest more time in clearing up stock and improving the inventory turnover days because it can contribute to increasing the working capital requirement in the future. The purpose of calculating investor ra tios is to enable investors to assess the level of future returns and growth (ICAEW, 2012). Earning per share reflects the level of profit allocated to each outstanding share. Price earning ratio is one of the most commonly used ratios by the investors and reflect their level of confidence in a business (ICAEW, 2012). Increase in price earning ratio from 17.51 times in 2013 to 24.19 in 2014 reflects investors expectations of significant future earning growth and their willingness to pay a large multiple of historic earnings (Appendix 1). Price earning ratio of Sports Direct Plc is 24.19 times compared to price earning ratio of 14.33 times for JD Sports Fashion Plc. Lower price earning ratio is indicative of lower growth expectations by the investors (ICAEW, 2012). Advice to the investors regarding the purchase of Sports Direct Plc shares Investors principal concern in respect of the investment in the shares of a company is to be able to earn a good rate of return. Sports Direct Plc is fundamentally a profitable business. Furthermore, a price-earning ratio of 24.19 is reflective of the investors faith in the growth potential of the company (Appendix 1). However, the sales growth in the third quarter of 2015 is short of the comparable growth in the third quarter of 2014 (Ficenec, 2015). The slowdown in the growth rate and no dividend offered on the shares may make it an expensive buy in the short term. Furthermore, investment in Sports Direct may be prone to the cyclical risk as the clothing industry is directly linked with the macro economic cycles (ICAEW, 2012a). Nonetheless, slower growth in the current year is impressive given the macro economic environment in the United Kingdoms and Englands early exit from the world cup (Guardian, 2014). Furthermore, the company has invested heavily in the expansion of its prod uct base and its margins have improved despite of competitive environment and challenging macro economic environment (Sports Direct Plc, 2014). This investment in constant innovation has the potential to translate into benefits for the investors in the long term. Favourable capital structure of Sports Direct Plc as highlighted by the gearing ratios calculated in the appendix one also makes it an attractive investment. Based on the considerations above, the essay acknowledges that there are risks associated with the investment in the shares of Sports Direct Plc, nonetheless future returns from the investment is expected to outweigh the risks. Thus, the essay recommends investors to purchase the shares of Sports Direct Plc. Weaknesses of Ratio Analysis Although there are a lot of advantages of ratio analysis, it is not without weaknesses (Goyal and Goyal, 2012). One of the key weaknesses of ratio analysis is that the calculation of the ratios is contingent on the figures contained within the financial statements of a company. Thus, the results of the ratio analysis would be distorted if the underlying numbers in the financial statements are inaccurate (Grewal, 2014). Furthermore, seasonality in a business could limit the usefulness of ratio analysis (ICAEW, 2012). To illustrate this better, consider a toy retailer with a 31 December year-end. Majority of its sales is likely to be made in the last quarter of the year leading up to the Christmas. As a result, the inventory levels at the year-end might be at its lowest point throughout the year. Thus, calculating the relationship between inventory and cost of sales at the year-end to analyse managements efficiency in managing inventory levels would be misleading (ICAEW, 2012). Financial statements of different companies are affected by different estimates and assumptions made by the management (Whittington, 2007). Furthermore, accounting standards also may permit different companies within the same industry to apply different accounting policies (Whittington, 2007). This may impair the comparability of accounting ratios of different companies and limit its usefulness. Ratio analysis is historic in nature, while users of the financial statements are more concerned about the future (Gracia, 2007). It is common for businesses to have both good and bad ratios, which makes it difficult for the users of the financial statements to assess if its a good or a bad company (Grewal, 2014). Lastly, non-existence of ideal level of ratio makes it difficult for user of the financial statements to assess whether a particular trend is good or bad (Grewal, 2014). For example, a company with high current ratio may be interpreted as a good sign, however it could also b e indicative of lack of growth potential for a company as a result of which it is holding large reserves of cash (Grewal, 2014). Conclusion Sports Direct Plc has witnessed a significant growth over the past two years and has been profitable. However, declining profit margins in the past two years should be a key concern for the management of Sports Direct Plc. Nonetheless, despite the fall in the profit margin of Sports Direct Plc, it still outperforms the profit margins of its competitor JD Sports Fashion Plc. The management of Sports Direct Plc should strive to strike a balance between achieving growth and improving the profit margins of the business. Inefficient inventory management should be another key concern for the management of Sports Direct Plc. The inventory turnover period of 133 days seems to be high for a business in the fashion industry and could be indicative of aged obsolete inventory. The management should take immediate steps to clear up old stock to improve the working capital management. Lastly, the essay recommends the investors to purchase the shares of Sports Direct Plc because high PE ra tio, sales growth and expansion into new products are likely to translate into attractive returns for the shareholders in the future. References Ficenec, J., 2015, Questor share tip: Sell Sport Direct as growth slows, Telegraph. https://www.telegraph.co.uk/finance/markets/questor/11424054/Questor-share-tip-Sell-Sport-Direct-as-growth-slows.html Gracia, L., 2007, Introduction to Financial Accounting, Harlow: Pearson. Grewal, T., 2014, Analysis of Financial Statements, New Delhi: Sultan Chand. Goyal, V., and Goyal, R., 2012, Corporate Accounting, 3rd edn. New Delhi: PHI Learning Pvt. Ltd. Guardian, 2014, Who should take the blame for Englands early World Cup exit? https://www.theguardian.com/football/2014/jun/24/blame-england-world-cup-exit ICAEW, 2013, Financial Accounting and Reporting Study Manual, Exeter: Polestar Wheatons. ICAEW, 2012, Financial Reporting Study Manual, 6th edn. Exeter: Polestar Wheatons. ICAEW, 2012a, Financial Accounting Study Manual, 6th edn. Exeter: Polestar Wheatons. JD Sports Fashion Plc, 2015, Share Price. https://www.jdplc.com/investor-relations/share-price.aspx JD Sports Fashion Plc, 2015, 2015 Annual Report. https://www.jdplc.com/investor-relations/reports.aspx Robertson, J., 2007, Financial Ratio Analysis, 3rd edn. Lancaster: John Robertson. Sports Direct, 2015, Share Price Chart. https://www.sportsdirectplc.com/investor-relations/share-information/share-price-chart.aspx Sports Direct Plc, 2014, Annual Report 2014. https://www.sportsdirectplc.com/~/media/Files/S/Sports-Direct/annual-report/Annual%20Report%202014.pdf Whittington, G., 2007, Profitability, Accounting Theory and Methodology, New York: Routledge Appendix 1 Sports Direct Plc S.no. Ratio Year End 27th April 2014 Year End 28th April 2013 1 Gross Profit Margin 42.68% 40.94% 2 Operating Profit Margin 9.21% 9.75% 3 Net Profit Margin 6.64% 6.94% 4 Current Ratio 1.06 1.64 5 Quick Ratio 0.35 0.60 6 Interest Cover Ratio 13.06 times 22.39 times 7 Financial Gearing 8.15% 41.52% 8 Equity Gearing 25.93% 23.89% 9 Earning per share 32.1p 26.9p 10 Price Earning Ratio 24.19 times 17.51 times 11 Receivables Collection 16.6 days 16.1 days 12 Payables Payment Period 56.35 days 48.06 days 13 Inventory Turnover Period 133.07 days 126.39 days (Source: Sports Direct Plc, 2014) Note: The formulas used to calculate the ratios above are included in Appendix 3. Share prices used for calculating price earning ratios are 776.50 pence and 471.1 pence for the year-end 27th April 2014 and 28th April 2013 respectively (Sports Direct, 2015). Appendix 2 JD Sports Fashion Plc S.no. Ratio Year End 31st Jan 2015 Year End 1st Feb 2014 1 Gross Profit Margin 48.6% 48.7% 2 Operating Profit Margin 6.1% 6.4% 3 Net Profit Margin 3.5% 3.4% 4 Current Ratio 1.22 1.15 5 Quick Ratio 0.54 0.50 6 Interest Cover Ratio 33.24 times 48.46 times 7 Financial Gearing 19.9% 18.05% 8 Equity Gearing 27.2% 16.6% 9 Earning per share 35.17p 29.08p 10 Price Earning Ratio 14.33 times 13.88 times 11 Receivables Collection Period 12.9 days 20 days 12 Payables Payment Period 58.1 days 75.1 days 13 Inventory Turnover Period 104.9 days 108.8 days (Source: JD Sports Fashion Plc, 2015) Note: The formulas used to calculate the ratios above are included in Appendix 3. Share prices used for calculating price earning ratios are 503.00 pence and 403.50 pence for the year-end 31st Jan 2015 and 1st Feb 2014 respectively (JD Sports Fashion Plc, 2015). Appendix 3 Formulas S.no. Ratio Formula 1 Gross Profit Margin Gross Profits/Revenue * 100 2 Operating Profit Margin Profit from Operations/Revenue*100 3 Net Profit Margin Net Profit/Revenue * 100 4 Current Ratio Current Assets/Current Liabilities 5 Quick Ratio (Current Assets Inventory)/Current Liabilities 6 Interest Cover Ratio (Profit before interest Payable + Investment Income)/Interest Payable 7 Financial Gearing Long term liabilities/capital employed * 100 8 Equity Gearing Net Debt/Equity * 100 9 Earning per share (Net Profit Dividend on preference stock)/ No. Of shares 10 Price Earning Ratio Market Value of Share/ Earning per share 11 Receivables Collection Period Trade Receivables/Revenue*365 12 Payables Payment Period Trade Payables/cost of sales*365 13 Inventory Turnover Period Inventory/Cost of Sales * 365 (Source: ICAEW, 2012) Note: Capital Employed = Equity + Net Debt, where net debt = interest bearing debt (non-current and current) minus cash and cash equivalents

Implementing A New Training Program - 1475 Words

I have experienced the difficulties and challenges faced with the way this has been in the past. With this new plan, it will completely eliminate the problems that have occurred from previous training processes. The company can save themselves many resources implementing a new training program with the phases: Goals and Objectives, Accessing Company Programs, Hands on workshop, Group/Teamwork activity, Evaluation and Follow up. Figure 1 shows the schedule of each phase and the days in which they should be carried out through the first week of training. Through the implementation of this project no extra resources will need to be used except the time of managers and other employees within the team. These are all miniscule factors in the beginning that will provide tremendous dividends in the success of this employee for the future. The goal of this new training program being implemented is to create a better transition and immediate spark of productive output from new employees. These steps will guide these new employees through a transition to becoming a veteran of the workplace. The benefits involved through the implementation is just as much for the managers as the employees themselves. Managers will be not be wasting time, resources, and money on lost work from new employees not knowing or understanding what they are supposed to be doing. In fact, the change will more efficiently use up the hours wasted when new employees are left with no work to do, create betterShow MoreRelatedImplementing A New Training And Development Program At English Home Furnishings1720 Words   |  7 PagesImplement a New Training and Development Program Attached is the proposal to implement a new training and development program at English Home Furnishings. This new program will go in effect on November 1, 2016. This four week program will allow all employees to have the same experience and knowledge when selling the products for the company. Due to the lack of training with new hires, this has caused a decline in sales due to lack of knowledge and experience. The following four week program will prepareRead MoreImplementing The Awareness And Training Program1060 Words   |  5 PagesImplementing: An IT security awareness and training program should be implemented only after a needs assessment has been conducted, a strategy has been developed, an awareness and training program plan for implementing that strategy has been completed, and awareness and training material has been developed. The program’s implementation must be fully explained to the organization to achieve support for its implementation and commitment of necessary resources. This explanation includes expectationsRead MoreNeeds Assessment Paper1475 Words   |  6 Pagestasked with implementing a new employee training program. This class is being designed especially for our new customer service associates to ensure they are successful in their new position. â€Å"Having a trained workforce means your workers are learning new skills that can improve production, cut time spent in creation of your service, reduce production costs, reduce mistakes, build confidence in your workforce, and create a better working environment† (Benton, 2014). Making sure that our new employeesRead MoreThe Role Of Electronic And The Media943 Words   |  4 Pagesmust have public support. The public must be convinced of its importance through repeated exposure and explained the repercussions of not implementing th e policy. The role of print and electronic media lacks in certain areas creating little value to any event or program that highlights the importance of implementing fall-prevention programs through formal training of nursing staff. Revision in current policies: Previous policies must be evaluated to assess the need and room for revision before policyRead MoreWhat Is The Role Of Training In An Organization790 Words   |  4 PagesThe Role of Training in an Organization Training is an essential component to the accomplishment of whichever administration. Early training when a worker is initially employed, is extremely valuable (Noe, 2017, p. 5). If an individual’s initial training is deficient they may not be skilled to function to specifications of the occupation. As well, continuing training is imperative as the business developments. 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Crisis Communications Essay - 1290 Words

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Influence of Motivation on Job Performance

Question: Discuss about theInfluence of Motivation on Job Performance. Answer: Introduction Due to the effect of globalization, there has been advancement in the field of technology. These advancements in the technology took the business to its heights by demanding more efficiency and productivity in the business. The enhancements in the efficiency in business are the resultant of the increase in performances that will help in meeting the challenges to take the business ahead in the competition. Therefore the increase in the performance of the employees of the organization is much important for getting better outcomes for the development of the organization (Buchanan, 2012). That is the reason job performance can be better described as the crucial part of the psychological condition of the organization. It can be said as the performance of the employees in the organization which is directly related to the outcome of the organization. As per Karen Jacobs et al., job performance can be described as the exact action of an individual in the completion of the task or job. He has defined job performance as the process of reaching the goal of an individual within its job role in an organization (Dent Whitehead, 2013). Similarly, job performances were said to be individual dependent by Campbell. He described that the performance of an individual in an organization is something that can be done by that individual only for the achievement of success. Concept of Motivation Motivation is the word showing various meanings according to the context and situation. In this context, the concept of motivation is the action taken by the higher officials of the organization to have the encouragement in the employees of that organization. So motivation is such an action that makes the individual to get a motive to act upon the work. As per the study of Garrison et al., motivation can define as the particular attribute that gives the instinct of whether to do or not to do a particular work (Owusu, 2012). In other words, Guay et al. have defined the motivation as the term that is somehow meant the reasons that show the behaviour. But while going through the organizational context or workplace, the term motivation has been defined as the behaviour of an individual in the organization for having a purpose to achieve some particular needs of the organization by Williams (Onanda, 2015). Similarly, some other authors had described it as the force that drives the individ ual or the employee in fulfilling the goals of the organization. The amount of motivation within the employees makes the fulfilment of the commitment of the organization simultaneously giving them their identification in that organization (Muogbo, 2013). The achievement of the goals of the organization makes the connection of the employees with the organization very good. In detail, it can be said that the motivation in the employees of the organization makes up the interests of the employees for their job which enhances the job performances that increases the outcome of the organization. That is the reason motivation can also be defined as the activity that basically concerns about the attitudes of the individual or employee which gives rise to the action of completion of goals. Impact of Motivation on Job Performances Organizations usually face a very strong environment of pressure in the competitive market to carry out the efficiency in the products and to get back the value of the product. For this reason, the employees of that organization make up their belief in the completion of goals to enhance the value of the organization (Kleinbeck, 1987). Due to this, the employees go through a motivational process which makes them change their attitude in the completion of the task or job. This process will also take up to the satisfaction of the employees in their job role. To explain this relation of motivation with the job performances or the impact of motivation on job performances, there is the existence of such theory. Such a theory is the Maslows Hierarchy of Needs. This particular theory has been formulated in the year 1943 in the paper A Theory of Human Motivation by the psychologist Abraham Maslow. He had described in his theory regarding the focus of the employer on the basic needs of the employees which will make them feel motivated (Buchanan, 2012). It was discussed in the theory that if the needs of the employees had been fulfilled it will make them sincere in achieving the goals of the organization and taking the organization to higher levels. For this reason, Maslow in is theory made a hierarchy of the needs of the employees which are required to get fulfilled. Those are the physiological needs, safety needs, love or belonging needs, esteem needs, and self-actualization needs. This hierarchy of needs is arranged in such an order that it m eets all the basic needs of the individual. Physiological needs cover up the needs those required by the individuals for survival. In the same way, the safety, esteem, and love or belonging needs take the matter of securities along with feeling confident in the organization and fulfilling the personal needs respectively. The last one is the self-actualization which means the fulfilment of the desire of the employee to achieve the every possible goal as much as he can for better outcomes of the organization (Dent Whitehead, 2013). The completion of the hierarchical base of needs of the employee of an organization creates a satisfactory environment within the organization. This satisfaction within the employee motivates them to work hard with confidence for the achievement of the goals. Therefore the theory of Maslow Hierarchy has shown that the motivation in the employees came out from the satisfaction of the employees in their job role which creates a positive impact on the job performances of the employees. There must be the action of the motivation of employees within the organization which will be helpful in churning out the decreased amount of performances (Jiang et al., 2012). The motivated employees were much aware of their self-actualization and kept their actions consistent with achieving the goals of the company. Hence it can be said that there is having much influence of motivation on the job performances of the employees of the organization. Relationship Between Motivation and Job Performance Motivation and job performance both in a combination works out for the growth of the organization. JOURNALS DETAILS OF THE JOURNALS Onanda, B., 2015. The Effects of Motivation on Job Performance A Case Study of KCB Coast Region.International Journal of Scientific and Research Publications. The article shows the case study and its results of the investigations that have been done to check out the effect of motivational process on the performances of the organization. Muogbo, U.S., 2013. The Influence of Motivation on Employees Performance: A Study of Some Selected Firms in Anambra State.AFRREV IJAH: An International Journal of Arts and Humanities,2(3), pp.134-151. The article focussing towards the influence of motivation upon the performances of the employees of some of selected forms of Anambra State (Muogbo, 2013). Kleinbeck, U., 1987. The effects of motivation on job performance. InMotivation, intention, and volition(pp. 261-271). Springer Berlin Heidelberg. The article goes through the documentation basing upon the literature work which is showing the influences of the motivation on the employees of the organization and which directs the process leading to action of performances in employees. Owusu, T., 2012.EFFECTS OF MOTIVATION ON EMPLOYEE PERFORMANCE: A CASE STUDY OF GHANA COMMERCIAL BANK, KUMASI ZONE(Doctoral dissertation, Institute of Distance Learning, Kwame Nkrumah University of Science and Technology). This article pays attention towards the process of fulfilment of the goals of the organization. It is mentioned in the article regarding the demands of the employee to enhance their motivation that will increase their performances . Uzonna, U.R., 2013. Impact of motivation on employees' performance: A case study of CreditWest Bank Cyprus.Journal of Economics and International Finance,5(5), p.199. The article mentioned here focus on the working procedure of the management that will enhance the process of employee motivation which will eventually increase the job performance by satisfying the employees of the organization (Uzonna, U.R., 2013). In the first article, Belly Onanda had gone through an investigation on the employees of an organization. There he had selected few branches, i.e, 7 KCB branches in the country of Mombasa, where he had studied the effect of the motivational activities. The effect of these motivational activities had been checked to evaluate the performances of the employees of that organization. Therefore the investigation that the author carried out here showed that the organization is going through many efforts which will make their employees motivated which will turn the decreased performances into increased one. Thus the study that the author had carried out made great achievements by having motivation with the employees which will make the organization to make their stand amongst the competitors by enhancing the performances. Similarly, in the second article, the author US Muogbo had gone through the details of the motivational activities that are having their importance in enhancing motivation. In this article, author had discussed in detail regarding the intrinsic and extrinsic motivation which affects the performances of the employees in its own ways. The author in this study took the population of around 100 workers working in the manufacturing forms of State of Anambra (Muogbo, 2013). The work in this article is majorly involved in describing the statistics of the influence of the motivation on the work performances of the organization. Here the effects of both intrinsic and extrinsic motivation are shown, but the performances of the employees are irrespective of the intrinsic or extrinsic motivation. The important part is only motivation that enhances the performances of the employees. Therefore the author of this article found out that the employers are very much concerned regarding the performances of the employees and that is why very much active in regulating the rules and policies that are enhancing the performances. The author of the third article is U. Kleinbeck. Here there is the documentation of the literature work that the author has done to evaluate the influence of motivation on the job performances of the employees (Kleinbeck, 1987). The article gave the statement that the motivation can be said to be as the action that is goal directed which also enhances the performances going through the theories to mention the relationship between the motivation and performance. Coming to the fourth article, it was studied by Thomas Owusu. In this article, he had gone through case study and effects of motivation on the performances of employees of Ghana Commercial Bank of Kumasi Zone (Owusu, 2012). He had discussed in this article regarding the relationship between the performances of employee and corporate which needs promotion and regular motivation of the employees. The last article is also a case study done by Ukaejiofo Rex Uzonna, in which there is the description of the working procedure of the management in keeping their employees in control (Uzonna, U.R., 2013). The article focuses on the satisfaction of the employees by going through motivational activities which makes the organization in achieving its goals with high level of performance and much efficiency. Proposition Motivation influences Job Performance in that case where there are less consideration of hygiene factors than motivational factors. Conclusion From the above sources and the studies, it is very much clear that there has been a deep relationship between the motivation and job performances of the employees of an organization. It is evident from the studies that the motivated employees contribute towards the increase in performances of the organization, hence taking the organization to a high level by achieving the required goals. The study also shows that the quality of the service and the profitability of the organization can be uninterrupted if the employees of that organization are highly motivated. Therefore from this study, it is clear that motivation has a positive and significant influence on the job performances of an organization. References Buchanan, D., 2012. Organizational Behaviour at Cranfield University School of Management. He has a doctorate in Organizational Behaviour from Edinburgh University and is author/co-author of over two dozen books, including The Sage handbook of organizational research methods (with Alan Bryman, Sage.Leadership in the Public Sector: Promises and Pitfalls. Dent, M. and Whitehead, S. eds., 2013.Managing professional identities: Knowledge, performativities and the'new'professional(Vol. 19). Routledge. Jiang, K., Lepak, D.P., Han, K., Hong, Y., Kim, A. and Winkler, A.L., 2012. Clarifying the construct of human resource systems: Relating human resource management to employee performance.Human Resource Management Review,22(2), pp.73-85. King, D. and Lawley, S., 2016.Organizational behaviour. Oxford University Press. Kooij, D.T., Tims, M. and Akkermans, J., 2016. The influence of future time perspective on work engagement and job performance: the role of job crafting.European Journal of Work and Organizational Psychology, pp.1-12. Kleinbeck, U., 1987. The effects of motivation on job performance. InMotivation, intention, and volition(pp. 261-271). Springer Berlin Heidelberg. Kapp, E.A., 2012. The influence of supervisor leadership practices and perceived group safety climate on employee safety performance.Safety science,50(4), pp.1119-1124. Mowday, R.T., Porter, L.W. and Steers, R.M., 2013.Employeeorganization linkages: The psychology of commitment, absenteeism, and turnover. Academic press. Muogbo, U.S., 2013. The Influence of Motivation on Employees Performance: A Study of Some Selected Firms in Anambra State.AFRREV IJAH: An International Journal of Arts and Humanities,2(3), pp.134-151. Onanda, B., 2015. The Effects of Motivation on Job Performance A Case Study of KCB Coast Region.International Journal of Scientific and Research Publications. Owusu, T., 2012.Effects of Motivation on employee Performance:A case Study of Ghana Commercial bank,kumasi (Doctoral dissertation, Institute of Distance Learning, Kwame Nkrumah University of Science and Technology). Resick, C.J., Giberson, T.R., Dickson, M.W., Wynne, K.T. and Bajdo, L.M., 2013. Person-Organization Fit, Organizational Citizenship, and Social-Cognitive Motivational Mechanisms.A. Kristof-Brown, y J. Billsberry, Organizational Fit: Key Issues and New Directions, pp.99-123. Smith, P., Farmer, M. and Yellowley, W., 2013.Organizational behaviour. Routledge. Storey, J. ed., 2016.Leadership in Organizations: Current Issues and Key Trends. Routledge. Wilson, F.M., 2013.Organizational behaviour and work: a critical introduction. Oxford University Press. Yidong, T. and Xinxin, L., 2013. How ethical leadership influence employees innovative work behavior: A perspective of intrinsic motivation.Journal of Business Ethics,116(2), pp.441-455. Uzonna, U.R., 2013. Impact of motivation on employees' performance: A case study of CreditWest Bank Cyprus.Journal of Economics and International Finance,5(5), p.199.