Technology in business

Summary Many companies today are competing for survival in the world market. Technology has also played very vital role in terms of boosting the competitiveness of organizations in the world market. In addition, leaders of different organizations are adopting different leadership strategies to enable their organizations to become competitive in the global market.Advertising We will write a custom report sample on Technology in business specifically for you for only $16.05 $11/page Learn More As a result, it is important for leaders of organizations to adopt leadership strategies that will boost the performance of their organizations thereby enable them to compete effectively in the global market. There are trends that are being observed in the business environment which are making it important for leaders to formulate leadership strategies that can enable their organizations to remain competitive in the world economy. However, leaders often face challeng es which make it difficult for them to implement effective strategies to improve the performance of their organizations (Kouzes Posner, 2008). As a result, many leaders are being forced to engage in thorough research so as to enable them to come up with effective leadership strategies that will enable them to increase the profitability of their organizations considerably. Introduction Technology plays a major role in terms of boosting the competitiveness of organizations in the world market. Organizations are adopting technology so as to enable them to become efficient in their production processes. This has made them to be able to provide consumers with products that meet their needs adequately. Globalization is also growing at a very high rate. Many organizations have therefore taken advantage of globalization so as to enable them to increase their market share. This has made many organizations to be able to increase their profitability significantly. Since major organizations in the world today have made most of their operations to become global, they have been able to come into contact with different kinds of consumers who have different tastes for the products that the organizations manufacture (Kouzes Posner, 2008). As a result, organizations have been forced to be innovative while producing their products in order to make their products to be more appealing to consumers. With the advent of technology, organizations have become very competitive. In addition, organizations have realized that their productivity relies on the commitment of their employees. As a result, many organizations are employing complex measures to enable them motivate their employees so that they can also boost their productivity. However, globalization and advancement in technology have provided new opportunities for employment to people.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More A s a result, employees are finding it easy to shift from one job to another easily. However, most employees do not have the right skills which most organizations require. As a result, many leaders of organizations are implementing strategies to enable them retain the most productive employees. It is therefore true that leaders of different organizations all over the world are being faced with the challenge of handling emerging trends in the global business environment. Most leaders are therefore implementing strategies aimed at ensuring that their organizations adopt sophisticated technology to enable them provide quality products to their customers. In addition, they are focusing on adopting globalization and diversity so that they can be able to address the different needs of customers in different parts of the world. In addition, they are focusing on extending their supply chains so that they can be able to minimize the costs of the products that they manufacture. Moreover, they a re ensuring that they retain their most productive employees so that the productivity of their organization can keep rising. Wal-Mart present form analysis Organizational structure Wal-Mart is a multinational corporation which has its headquarters in the US. It is one of the main private employers in the world. It has an employee base of about 2 million. Regional Vice Presidents (RVP) are the ones who manage the organization at the regional level. The RVPs are based in Bentonville but they usually travel to their respective regions for three weeks every month in order to ensure that the operations of the regions are in line with the expectations of the company. All the regional managers are required to meet with the Bentonville-based executive leaders so that they can be able to discuss the various challenges that face all Wal-Mart’s stores. Every region has about eleven districts. Each district usually has about 7 stores. However, it is the goal of a district manager to ensu re that all the activities of the organization are run smoothly at the district level. The District Managers usually work hand in hand with the Regional Personnel Managers (RPMs) to ensure that any issues relating to the operations of the stores are addressed adequately. It is the duty of the RPMs to select the people who manage individual stores. Wal-Mart stores are therefore designed in such a manner that the managers of the organization are the ones who allocate duties as well as monitor the activities of employees within the organization. The managers also identify any changes that need to be implemented to the stores in order to ensure that all the production processes within the stores are in line with the goals of the entire organization (The Wall Street Journal, 2012).Advertising We will write a custom report sample on Technology in business specifically for you for only $16.05 $11/page Learn More Workforce diversity Wal-Mart treats all employee s equally. As a result, Wal-Mart ensures that all the employees within the organization have equal rights with regard to accessing the resources of the organization. It ensures that all the employees are given sufficient support so that they can be able to achieve their full potential thereby increasing their productivity significantly. Wal-Mart believes that diversity is the foundation of a sustainable business. As a result, it respects all the employees who work in it. It ensures that its employees work together thereby ensuring that the organization continues being the leader in the provision of quality products and services to its customers. To ensure that it continues being a global leader in all the activities that it engages in, Wal-Mart adopts diversity a part of its business plan to enable it incorporate all the needs of its employees in an effective manner. Wal-Mart believes that respecting diversity enables its employees to live with each other in a peaceful manner (The W all Street Journal, 2012). Customer diversity Most business enterprises engage in production processes which please their customers. With the advent of globalization therefore, most business enterprises in the world today engage in production processes which enable them to produce products that meet the exact needs of their customers. Therefore, many multinational corporations look for markets in different parts of the world where customers have different tastes. To increase their sales therefore, most organizations produce goods which address the needs of the different types of customers adequately. In order to capture a large market share, Wal-Mart provides its customers with a wide range of products to choose from. It also customizes its products depending on the needs of its customers in different parts of the world. To ensure that the customers remain satisfied with the products that they obtain from Wal-Mart, the company engages in market research in order to identify the exac t needs of its customers. This strategy guides Wal-Mart while customizing the products for its different types of customers who are located in different parts of the world (Lueneburger Goleman, 2010).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Communications technology Advancements in information technology have played a vital role in terms of revolutionizing the manner in which businesses communicate with their customers. Advancements in information technology have made it easy for organizations to communicate with their customers in an efficient and faster manner. It has also enabled organizations to reduce their costs of production drastically. As part of its growth strategy therefore, Wal-Mart has invested in a communication infrastructure which has enabled it to improve the way it interacts with its customers. Wal-Mart has a satellite communication system in the United States which links all its stores to the headquarters. This has made the process of managing the organization easier. Wal-Mart also uses Retail Link and EDI applications over the internet thereby making it possible for the company to exchange data with its suppliers easily all over the world. In addition, it uses Web 2.0 and social networking tools to enable it interact with its customers more effectively. Wal-Mart Future trends The workplace today is experiencing significant changes. This is because people are getting more educated thereby impacting on the way in which they conduct their daily operations. People today are more efficient in the activities that they perform. In addition, education has become global thereby enabling people from all over the world to share ideas and improve their working skills. In the case of Wal-Mart, it hires qualified personnel from different parts of the world thereby enabling it to benefit from the diverse skills which the employees possess (Lueneburger Goleman, 2010). Technology has also played a major role in terms of enabling people to perform their daily activities more efficiently. By adopting technology, organizations are able to improve the productivity of their employees thereby impacting positively on their profitability. This state of affairs has enabled organizations to increase th eir sizes and competitiveness significantly. In addition, technology and globalization have made it possible for people to move from one country to another in search of descent jobs. The work environment is experiencing exponential change today. As a result, the manner in which people perform their daily activities is also changing. Therefore, by year 2020, workforce will be completely different than it is today. For example, it is said that employee diversity is expected to prevail in 2020. This is because organizations will experience cultural diversity in the workplace. As a result, employees within the organization will have a broader set of values and believes than today. It is said that the generational divide will create disparity in the way young and old people work. It is therefore important for organizations to learn how to manage the different cultures and expectations. Since Wal-Mart operates globally, it encounters people who come from diverse cultural backgrounds. Wal- Mart will therefore be required to devise leadership strategies which will enable it to unite the different groups of people working within the organization so that they can contribute towards the overall productivity of the organization (Lueneburger Goleman, 2010). Employment will be expected to shift to deployment since labor force will be more mobile. In addition, it will be possible to work in any part of the world at any time. In order to ensure that it provides the best quality products to its customers therefore, Wal-Mart should ensure that it hires highly qualified personnel from different parts of the world. It should also pay its employees competitive wages so as to ensure that it retains the most productive and talented employees. The jobs available in 2020 will also require high level qualifications. However, since there is a shortage in the number of people who are qualified, growth and innovation is expected to experience serious challenges. It is said that most of th e population in developing economies is aging. By the year 2020, approximately 25 percent of Europeans will be over 60 years old. As a result, the aging workforce will either want to retire early or wish to work for few hours thereby reducing the profitability of organizations. By 2020, more than one third of the data will be sent through the cloud. Therefore, technology will bring together employees, clients and partners. This will enhance collaboration and improve transparency in organizations. In order to be ready for the transformation, Wal-Mart should hire highly qualified personnel who will enable it to remain competitive in the global business environment as well as enable it to cope with the various challenges that are brought about by globalization. More women are expected to take up most leadership positions in the work environment by 2020. It is said that 1 out of every 3 workers will be a woman. This will change the culture of many companies since the management style th at women adopt is different from the one that men adopt. In a research that was conducted on 500 fortune 500 companies, it was observed that the companies which had more women in leadership positions attained higher return on equity. Studies reveal that most women usually manage organizations in a more cautious manner than men. Many women focus on the long term goals of their organization (Kouzes Posner, 2008). It is therefore important for Wal-Mart to consider the issue of hiring more women in positions of leadership in order to ensure that it benefits from the unique leadership style that women practice. Telecommuting is a different kind of work atmosphere that is expected to have significant impact in the way organizations carry out their daily operations. Many organizations are adopting this type of job structure because of its convenience. Telecommuting provides opportunities such as video conferencing, Hot Desks, and smaller offices. By adopting telecommuting, organizations e nd up with flexible workforce and they also reduce recruitment costs. When companies enable remote working conditions, issues such as traffic congestion will reduce significantly. It is therefore important for Wal-Mart to incorporate some aspects of telecommuting to enable it reduce the time wasted while commuting as well as enable its employees to be flexible while working within the organization. Leadership trends impacting on Wal-Mart Wal-Mart implements unique leadership strategies which enable it to become successful in its operations. The company ensures that information flows smoothly from the headquarters to every store. The people from the headquarters are the ones who are sent to the stores so that they can gather information about competitors and other challenges that the stores might be facing. However, Wal-Mart’s competitors require the people from the local stores to go to the headquarters in order to give out information about the performance of the businesses. The unique practice by Wal-Mart enables the local stores to develop a close relationship with the people at the headquarters. This state of affairs has enabled Wal-Mart to be able to respond to the demands of its customers on a timely basis (Businessweek, 2010). The relationship between senior executives and employees at Wal-Mart is based on close communication, respect and high expectations. Though the employees are not given high salaries, they usually enjoy other benefits such as health care plans, profit incentives, and retirement schemes. The company also advocates for an open-door policy and provides a variety of promotion opportunities thereby enabling the employees to remain committed to realizing the goals of the organization. Though this strategy is not common in large organizations, it usually adds value to Wal-Mart’s employees thereby enabling them to devote themselves to their jobs as well as offer the customers high quality services. Technology has played a ver y important role in enabling Wal-Mart to be successful in its operations. Technology has helped Wal-Mart to improve the relationship it has with its customers and employees. The customers can therefore easily access the various services that the company offers through the internet. As a result, it is possible for customers to find more information about the products before making an actual purchase. In addition, the company has a very responsive support team who usually address any queries that the customers make. Recommended Changes for the future Leadership actions to be taken The global business world is very competitive today. As a result, it is important for an organization to ensure that it implements strategies which can enable it to run smoothly. Therefore, in order for Wal-Mart to continue being competitive in the world today, there are certain measures that it should adopt. Wal-Mart should invest in its employees. It should ensure that its employees are versant with the mo st complex means of production. Since technology keeps advancing, Wal-Mart should ensure that its employees get relevant training regarding the technology is use. This would ensure that the productivity of the employees within the organization remains consistent. In addition, the company should consider hiring talented people who would be responsible for handling sensitive tasks within the organization. In order to attract highly talented people, Wal-Mart should award its employees competitive salaries as well as give them rewards whenever they demonstrate exemplary performance. This would have the effect of boosting the productivity of the employees within the organization thus increasing its competitiveness (Businessweek, 2010). Digital proficiency is also an issue that organizations need to consider while carrying out their usual activities. The organizations that implement digital technology in their operations are usually very efficient in their production processes. As a resul t, it is important for Wal-Mart to ensure that it implements digital technology in all its operations in order for it to make its production processes faster and more efficient (Businessweek, 2010). The leaders at Wal-Mart should take time to learn about the strategies that the competitors implement. This way, the company would be well aware of the strategies that is should adopt so as to enable it to cope with the competitive pressure in the global market. The company can therefore be able to implement other strategies which would counter the strategies that the competitors adopt. It is therefore important for Wal-Mart to hire a team of researchers once in a while to enable it understand the market trends and the kind of strategies that it should adopt so as to succeed in the market. Concepts Application Diversity Management Diversity management refers to a situation whereby an organization is able to handle a diverse group of employees who work within the same organization. Divers ity in organizations is usually observed when they employ people who belong to different cultures or whereby young and old people are made to work together in an organization. In the case of Wal-Mart, diversity management is observed because the company is able to manage the different groups of employees within the organization thereby enabling them to work together to realize the goals of the organization. Leadership models Leadership models refer to a situation whereby certain key employees within an organization are allocated the duty of managing other employees in the same organization. In the case of Wal-Mart, the leadership process is hierarchical in nature. At Wal-Mart, the Regional Personnel Managers are the ones who manage all the activities of the stores in all the regions. The District managers on the other hand are the ones who give out information to the RPMs regarding the performance of the stores at district levels. Ethics Ethics refer to the acceptable codes of condu ct in every organization. Wal-Mart practices ethics by ensuring that all the rights of the employees within the organization are respected. It also ensures that the customers are treated fairly and that the employees receive fair salaries. Moreover, Wal-Mart adopts production processes that are friendly to the environment. Decision making models These refer to the manner in which decisions are made within an organization. In the case of Wal-Mart, the top-level managers give employees an opportunity to participate in the decision making process in order to ensure that the decisions made within the organization are effective and that every employee within the organization is able to comply with them. Problem solving This refers to a situation whereby an organization is able to address any problems that arise within it on a timely basis. For example, Wal-Mart is usually very cautious with regard to addressing issues such as production of defective products. It always ensures that any p roblems that arise are addressed in the shortest time possible in order to ensure that customers remain loyal to the organization. Conflict management processes Conflict management refers to a situation whereby an organization is able to address any conflicts that arise between employees and customers. Wal-Mart ensures that its employees and customers relate positively with each other. It does this by ensuring that the employees are well-trained to handle all customers’ queries politely. This makes the customers to trust in the products and services that Wal-Mart offers. References Businessweek. (2010). Methodology: Best Companies for Leadership. Web. Kouzes, J. M., Posner, B. Z. (2008). The Leadership Challenge. New York: John Wiley and Sons. Lueneburger, C., Goleman, D. (2010). The Change Leadership Management Sustainability Demands. Web. The Wall Street Journal. (2012). Global Leaders Urged to Support New Action Plan to Wipe Out Illiteracy by 2020. Web. This report on Technology in business was written and submitted by user Ishaan T. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Health Workers Migration

Health Workers Migration Shortages of health workers in developing countries are the result of a global trend known as ‘brain drain’. Many young health workers from developing countries choose to stay in foreign countries after completing their studies in order to receive well-paid jobs. As a result, the health care in many communities in developing countries does not respond to standards because of the significant paucity of doctors and nurses. ‘Brain drain’ can be discussed as a global trend that is caused by social and economic factors, and its potential impact on the global health is negative because of significant reductions in the quality of health care in many world regions. Thus, ‘brain drain’ is a notion used to describe the global trend of the health workers’ migration. It is possible to speak about ‘brain drain’ when competent health workers from developing countries move to the developed countries in search of a better life. The obvious r esult of such migrations is the disproportionate distribution of health workers in developing and developed countries (Kill or Cure: Doctors and Nurses, 2010).Advertising We will write a custom essay sample on Health Workers’ Migration specifically for you for only $16.05 $11/page Learn More The current impact of this trend on the global health is the acute shortage of the workforce in heath care facilities in many Asian, Middle Eastern, and African countries. The potential negative impact on the global population’s health is more dramatic because of the impossibility of doctors in developing countries to control epidemics (Kasper Bajunirwe, 2012, p. 974). Furthermore, ‘brain drain’ affects the health status of developing nations during decades, and it is a significant barrier to the development of global health goals and to the implementation of relevant health care policies. While referring to the factors that can contribute to the progress of ‘brain drain’, it is necessary to focus on such economic factors as low wages and economic statuses in developing countries and such social factors as the lack of educational opportunities, the stable growth of population in developing countries, and the limited access to health care services. African countries suffer from the crisis in the health care industry because physicians and nurses affected by problematic economic and social situations choose to study and work in Europe (Kill or Cure: Doctors and Nurses, 2010). As a result, trying to escape difficult economic conditions, health workers from developing countries support the development of the ‘brain drain’ tendency and the worsening on the social situation in their native countries while referring to the health care provision. In order to address the crisis in the global health and respond to the problem of health workers’ migration, it is necessary to recommend an effective strategy to follow in such developing countries as Malawi and India. The active ‘brain drain’ results in reducing the number of health workers for every 10,000 people in developing countries (Kasper Bajunirwe, 2012, p. 974).Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More To address the problem, it is necessary to propose the combination of economic and social strategies. Thus, in order to attract health workers to developing regions, it is necessary to improve funding and support in health care industries of developing countries. The effective strategy should respond to the health workers’ expectations regarding their wages and working conditions. Investments into health care, additional funding, support of the research, and increases in health workers’ salaries are important to attract nurses and doctors (Kasper Bajunirwe, 2012, p. 976). The next step i s the improvement of the occupational safety, working conditions, and competence with the help of international workforce policies and training programs provided by the world health organizations and other global public organizations. It is possible to state that the lack of the competent health personnel is a problem typical for developing countries that is caused by ‘brain drain’ effects. Inadequate working conditions make health workers migrate to developed countries in search of a better life in spite of the fact that their skills and knowledge are necessary in developing countries of Africa and Asia. The results of this trend are workforce shortages and unequal distribution of health services in regions. Critique   1 ‘Brain drain’ is a complex process which should be discussed from two perspectives. On the one hand, ‘brain drain’ can be described as a loss of health workers in developing countries because of the active migration. On the other hand, ‘brain drain’ is a lack of the access to the research results observed in developing countries. Following the statistical data, it is possible to state that high-income countries provide jobs for more than 30% of all international medical graduates (Muula, 2005, p. 24). From this perspective, only 10% of health care workers return to their native developing countries because low-income countries cannot provide them with all the necessary conditions for the effective work (Muula, 2005, p. 25).Advertising We will write a custom essay sample on Health Workers’ Migration specifically for you for only $16.05 $11/page Learn More Health care workers seek for respect and prestige while working in developed countries. Moreover, contributing to the research in the health care sphere, medical professionals have no adequate opportunities to influence the development of health care in their native countries. As a result, ‘brain drai n’ as a global tendency can be discussed as having a negative effect on the distribution of the human capital in the health care industry and on the reduction of health care issues in low-income countries. The potential impact of ‘brain drain’ on the health in developing countries can be considered as dramatic because of the necessity to overcome workforce shortages. Critique 2 Responding to the question about factors which influence ‘brain drain’, it is important to refer to such aspects as poor resources and significant income differences between developed and developing countries. Being provided with superior job opportunities in high-income countries, health workers intend to improve the socioeconomic conditions. Thus, the social and political instability observed in developing countries is one more contributing factor to the development of the ‘brain drain’ tendency. The problem is in the fact that medical students undertaking feel safe protected while studying and working in developed countries. Returning to their native countries, the medical workers focus on the poor availability of resources and facilities (Blacklock, Ward, Heneghan, 2014, p. 100). Thus, a lack of resources and adequate health care facilities is a leading cause of death in developing countries. In this regard, health workers prefer working in countries where research is funded and health care reforms are effectively implemented. The factor of comfortable working environments and opportunities for the career growth and development also influence health workers’ decisions. The structure of the health care industry in developing countries is one more factor that contributes to ‘brain drain’ because of the extreme workflow and inadequate investment in the healthcare service delivery (Blacklock et al., 2014, p. 100). Having no job satisfaction and prospects for further education, health workers choose to migrate in order to receive effective training and opportunities for the career progress.Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Blacklock, C., Ward, A., Heneghan, C. (2014). Exploring the migration decisions of health workers and trainees from Africa: a meta-ethnographic synthesis. Social Science Medicine, 100(2), 99-106. Kasper, J., Bajunirwe, F. (2012). Brain drain in sub-Saharan Africa: contributing factors, potential remedies and the role of academic medical centres. Archives of Disease in Childhood, 97(11), 973-979. Kill or Cure: Doctors and Nurses. (2010). Retrieved from https://www.youtube.com/watch?v=HPaMwIkx2PA Muula, A. (2005). Is there any solution to the brain drain of health professionals and knowledge from Africa? Croatian Medical Journal, 46(1), 21-29.

Describing the importance of my film selection to the film genre Essay

Describing the importance of my film selection to the film genre - Essay Example It also delineated an invisible connection on the human condition in its terrestrial as well as extra terrestrial modes. It began in the Pleistocene era when man was nothing more than a primitive ape, at the dawn of civilization and continues thru the present day man and deep into the realms of the future. â€Å"It contained more spectacular imagery and special effects than dialogue,† according to the film critic Dirk Dirks. By being non-verbal and subjective, it enters straight into one’s subconscious and stays there for good. On another level it also shows how man is made inconsequential but not impotent by the space-time continuum. It also shows how restricted and cooped up we are by the limitations of the contemporary modes of space travel with its emphasis on space ships which are in a spatial way of speaking as slow as snails. To explore and reach the extremities of the universe we must search out new ways like levitation and arrive at the impossible areas of ‘instant departure-arrivals’, casting away the outdated space ships like so much waste matter on the barren tundra of intergalactic

Colonial history US History Research Paper Example | Topics and Well Written Essays - 500 words

Colonial history US History - Research Paper Example This information has been gathered over the past seven days through intelligence by the forces. Relevant sources inform that there is news spreading through the countryside that some leaders had strayed in Lexington, and had weapons stored in Concord for purposes of destabilizing the crown. General Gage who sent his aides to town in the past four days organized this intelligence gathering; hence, the militias were aware of Gage’s mission and intelligence plans. Therefore, they had established a communication system so that they could know in advance when the government’s forces were coming (â€Å"The Battle of Lexington† 310). This was made to ensure that their military supplies were safe. The militia is said to be under the command and organization of sympathetic colonialists Samuel Adams and John Hancock. One of the militia’s comrades Paul Revere had organized a communication system of alerting the militia of the military’s coming and actions. On 19 April, upon spotting the British army, he used two lanterns as a signal of the British forces approach to seize the military equipments in Concord. However, aware of the generals interest in the town, the militia were said to have moved their equipment to other towns away from Concord (â€Å"The Battle of Lexington† 310). Word has it that he rode while signaling the lanterns from the north church across the Charles River. Revere and Dowse hurriedly rode their horses to the west of the town to sound the warning of the British arrival. The other messengers awakened the town by using the church bells, sounding of drums and firing shots to call everyone out. The town was suddenly running up and down from the alarms; moreover, John Parker who lined them up as the warning continued organized the militia. The militia’s actions are likely to mark the beginning of a revolution against the crown; this is expressed by the events that happened before the shot that was heard around Lexington and people say was

Army Overseer Tells of Ouster over KBR Stir Essay

Army Overseer Tells of Ouster over KBR Stir - Essay Example According to this article, conflict between the KBR and American Army a rose when Mr. Smith an Army official failed to approve KBR payments claiming that the expenses were not justified. This article highlights that the conflict between American Army and KBR would pose impacts on society. KBR put it that if the government failed to pay the debt, it will no longer provide services. If this happened, American troops will not be able to fight their opponent hence the society will run out of protection (Army, 6/17/2008). On the other hand, if Mr. Smith had approved payments for goods and services that were never supplied it would have been a misappropriation of tax payers efforts. Considering the fact that this army official was holding a public office, he was right to protect misuse of public funds through halting these payments. His actions, although might have some negative impacts on the war, were ethical. The role of KBR Company in the business field is to provide American troops wi th essential services such as housing, food among others during the time of war. The case in this article can be regard as a market failure simply because KBR lacked knowledgeable auditors who could keep proper records. Further more, if the KBR Company was serious in its business it would have met the customer’s needs by providing the US troops with all that they had been contracted to supply. The government might have failed to some extend in its tendering policy because in order to award such a sensitive tender they should have scrutinized the bidding company to ascertain its credibility. This should have involved the analysis of KBR’S performance in the past and its capital to determine whether it could afford to finance those supplies of goods and services. The government has a role to ensure that the American troops access credible services from KBR. The government failed to ensure that KBR provided quality services. It must have auditors who could audit what has been spent on the troops. The policy that the Army or the government should hire external auditors on their operations ought to be changed because it does not portray an aspect of integrity. KBR lacked evidence that the amount due payment was genuine because it does not have credible records of its expenditure (Army, 6/17/2008). The government should also check on its tendering policy which had led to picking such a company for the supplies. The kind of policy that should be formulated for such situations should be able to evaluate suppliers before warding those sensitive responsibilities. On the other hand, the government should lay down strategies that would see suppliers who fail to adhere to their contracts, compensating for any inconveniences caused. In this way, suppliers who enter into contracts with any arm of the government would be afraid of such consequences and hence fulfill such contracts in time. Groups Sue after E.P.A fails to shift Ozone Rules This article focuses on the Obama administration and the Ozone rules. It is an amusing article in that it highlights the rejection of the proposed new standard by President Obama and his administration. According to this article, the Ozone rule set by the President Bush was 75 parts per billion. Lisa P. Jackson wanted to shift the standard from75 parts per billion to 70 parts per billion mainly to reduce risks on people health. Earth justice, the natural Resource defense, the Environmental

Everybody Should Take Stand Against Corruption Politics Essay

Everybody Should Take Stand Against Corruption Politics Essay Corruption in Afghanistan is considered one of the greatest challenges and issues both the citizens and government is facing. It has become widely recognized one of the major source of increasing poverty, backwardness, and instability in the country. It has also been considered a key challenge for governance and rule of law. Apart from this corruption is also an obstacle for the sustainable growth of economy which the country is struggling with. Although, both the government and the citizens have taken major steps to decrease the level of corruption in the governmental departments, the results are still not convincing. Different attempts have been made in order to define corruption; but still there is no precise, clear, single and accepted definition corruption which can be applicable to all forms, types and degrees of corruption. According to World Bank corruption is defined as the use of public office for private gains, or in other words, use of official position, rank or status by an office bearer for his own personal benefit. In this definition, examples of corrupt behaviors include: (a) bribery, (b) extortion, (c) fraud, (d) embezzlement, (e) nepotism, (f) cronyism, (g) appropriation of public assets and property for private use, and (h) influence peddling. (Myint) Corruption has posed serious challenges to the Afghan societies. In the political realm, it has undermined democratic values and good governance and has negatively affected formal democratic processes. Corrupt elections in have reduced the amount of accountability and responsiveness in the elected officials. In the judiciary, corruption in many instances has compromised the rule of law and responsibility against public. More generally, corruption has decreased the capacity of the governmental institutions. Many procedures in the government institutions are considered useless. Apart from this the public wealth and public resources are unequally distributed; the offices are often bought and sold. Moreover, corruption has also undermined the legitimacy of Afghan government and has negatively affected public trust and their tolerance. Everybody understands that corruption will not do any good to anyone. On the contrary, it harms everybody and society. So, in order to get rid of this serious issue and live in a corruption free society everybody should take a stand against corruption. Although, the Afghan government has made several commitments to combat corruption, but the problem is still widespread. Fighting and finally eradication of corruption needs serious work and commitments. It is understandable that corruption cannot be eradicated in a short period of time. It needs years and maybe decades. Combating corruption is not easy. In order to do so, one should know the causes and effects of the corruption on societies. Apart from governmental institutions, International Non-governmental Organizations such as Integrity Watch Afghanistan, United Nationals Agencies and Transparency International has found out numerous causes of corruption in Afghanistan among which United Nation Development Program (UNDP) has offered a broader list of commonly cited causes of corruption. The list includes: (i) a lack of rules, oversight and enforcement; (ii) institutional weaknesses in legislative and judicial systems; (iii) low incomes for public officials; (iv) high rewards comp ared to risks for corrupt behavior; and (v) a low likelihood of having corruption detected. (Balboa and Medalla) All the issues which cause corruption have created serious threats to Afghanistans development, questioned government legitimacy, increased tension between Afghan government and international community which in result has caused instability. Its growing threat has undermined the authority and accountability of government and has decreased the public trust in the government. The effect of corruption has many political, economic, social and environmental effects on the Afghan society which will be discussed one by one. In political spectrum, corruption has obstructed the democratic values which are the basis of Afghan government and the rule of law. Corruption is considered as one of the main obstacles to the development of democracy. Public institutions and governmental departments which are mainly created for the delivery of public services are the units of democratic system. When the officials of these institutions engage in corrupt activities, the institution loses their credibility. Lack of accountability can question the legitimacy of these institutions. Increase in corruption can result political instability and lack of transparency. Apart from this, corrupt societies lack sound political competition. The decisions are often made based on personal authority rather than legal authority which in turn undermine democratic values. These issues finally lead to anger and frustration in the citizens. For instance, Khalis Shinwari, a volunteer inspector assigned by the local elders in Jalalabad to identify cases of bad craftsmanship in development projects, told The Washington Post that the people are angryà ¢Ã¢â€š ¬Ã‚ ¦but to whom they can complain? (Basar) This sort of dissatisfaction in the citizens can pose major challenges for the young democratic system of Afghanistan. The economic effects of corruption have serious impact on the whole country. First and foremost, corruption causes the misuse of national wealth by a small part of the population. It often results the unequal distribution of wealth, increases costs of goods and the delivery of public services. A report by the International Monetary Fund (IMF) lists some major economic consequences of corruption as (i) Prevention of economic growth; (ii) reduction in the effectiveness of international assistance; and (ii) loss of tax revenue given that bribes may be paid to evade taxes and customs. (Basar) In corrupt societies corruption causes the transformation of public wealth into private and neglects the necessities of public. The funds are spent on unnecessary projects and the basic needs of citizens are often ignored. Socially, corruption discourages people for working together for the common good of a society. It disturbs social services delivery, increase frustration among the citizens, which in return results in a weak civil society. Apart from this, corruption increases poverty in a society, and increase the gap between the rich and poor. In a corrupt society, paying and taking bribes becomes a tradition which results in inequality, hatred and insecurity. According to UNDP, corruption increases the price of public services and lowers their quality. (Basar) Furthermore, paying bribes for public service frustrate citizens and demoralizes citizens trust on the government which causes social unrest. To sum up, it has become clear that if Afghanistan wants to emerge as a strong democratic state, the government and the citizens need to take concrete steps to fight this serious disease which is spreading day by day. History has shown that corruption has been one of the main factors for the downfall of many regimes. It undermines the legitimacy of the government, weakening the structure; badly affect the economy, worsening poverty, affect reconstruction and increase insecurity and instability. Everybody understands that Afghanistan is decades away from reaching corrupt free society but both government and the citizens has to take a stand and place the fight against corruption as one of the top priorities for the development and stabilization of their beloved country.

Long Distance Travel Public Awareness Health And Social Care Essay

Long distance traveling will implement you to be seated for long clip, there are some factors during going that may take for farther jobs, these factors are ; inaction, dehydration/humidity, barometric force per unit area alterations, in-flight services, and gesture illness. Some patients should be evaluated before winging ; those people are with medical conditions such as ; diabetes, gestation, cardiovascular diseases, Deep Vein Thrombosis, pneumonic diseases, breaks, infections upsets, Central Nervous System Disorders, and psychiatric upsets. For those who travel in long trips, some safeguards need to be taken in order to avoid any complications that can go on. These safeguards and advices will be divided into three classs ; advices sing the musculoskeletal system, advices sing the circulation, and advices for the pneumonic system, Particular equipments and attention available on most air hoses includes compaction stockings, particular seating, wheelchair services, and O equipments. Our purposes are to heighten safety for riders and avoid any complications that can go on, and to advance public consciousness among long distance traveling.Literature Reappraisal:On 2003, a survey was done by Paganin et Al, to gauge relationship between air- travel and venous thromboembolism ( VTE ) , this survey was based on a instance control study ; they measured the frequence of VTE, associated hazard factors and factors act uponing the oncoming of pneumonic intercalation or deep vena thrombosis. The survey was conducted over 1 twelvemont h, the questionnaire was sent to doctors ; they found that long continuance air-travel VTE is associated with other underlying thromboembolic hazard factors, low mobility during flight is a dramatic modifiable hazard factor of developing pneumonic intercalation, travellers with hazard factors for VTE should be advised to increase their mobility. ( Paganin F. , et Al, 2003 ) A survey was done by Beasly, et Al, on 2005 to place the association between prolonged seated stationariness and VTE in relation to drawn-out period of traveling, patients were followed certain inclusion standards which includes: ( hospital discharge diagnosing of DVT and/or pneumonic intercalation, history of regular seated stationariness at least 8 hours and there is no other recognized hazard factors. ( Beasly R. et Al, 2005 ) Opatray, et Als and others have conducted the largest instance control survey on 2004 in Canada taking to confuse the relationship between travel and the hazard of acquiring deep vena thrombosis [ DVT ] . The participants in this survey were both male and female with a average age of 56 old ages old. They were divided into two groups ; the first group were patients with a confirmed diagnosing of DVT and the 2nd group were patients in whom DVT were ruled out. A elaborate travel history, medicines, familial testing, and were taken from the patients. Besides the relation between DVT and any travel, travel continuance, and the method of transit [ plane or auto ] were tested and analyzed. The consequences showed that plane going longer than 12 hours has increased odds ratio of acquiring DVT than those who travel in a auto or in shorter continuances. The clinical diagnosings of DVT or PE were required radiological verification by one of the followers: positive compaction Doppler ultrasound, positive venography ; high or intermediate chance V/Q scan ; positive pneumonic angiography. They propose the acronym ‘SIT ‘ ( seated stationariness thromboembolism syndrome ) to embrace all signifiers of sitting stationariness associated with VTE ; the consequences shows that travellers were with hazard of VTE due to drawn-out period of stationariness. ( Opartray L. et Al, 2004 ) – Factors that may adversely impact healthy riders sing long period of traveling:1- Inaction:Peoples tend to sit passively for many hours at a clip. Even for physically fit travellers a certain grade of dependent hydrops and pooling of the blood occurs. Dependent hydrops is one of minor concern to healthy rider but may be aggravated by certain conditions such as gestation. In instance of leg breaks, the extra puffiness may go risky if force per unit area on the dramatis personae compromises circulation ; one air hose has reported a instance in which sphacelus developed after a long distance flight because the dramatis personae was excessively tight. We recommend that the limb be elevated if possible, and in the instance of recent breaks, the dramatis personae be bivalved so that it can be loosened should excessive swelling occur. Venous pooling and stasis may ensue in thrombophlebitis or orthostatic hypotension in susceptible people. The most common medical exigency is conking. Normally it occurs on the manner to the washroom. This likely consequences from orthostatic hypotension aggravated by drawn-out posing and mild hypoxia. ( Skejenna O.et Al, 1991 ; Air Travel )2-Dehydration/Humidity:Relative humidness can drop really quickly to between 5 % & A ; 10 % , and this low humidness can do drying of the oral cavity, nose ( mucose membranes ) , and pharynx ; besides it can do dry tegument and oculus annoyance. Peoples with skin conditions should be excess cautious because it may be aggravated by waterlessness. Reduced cabin force per unit area can besides do gas volume enlargement ; this can be a job if there has been recent surgery that has introduced gas into the abdominal pit. Most riders really gain weight because of unstable consumption ; however, it ‘s recommended that desiccating drinks such as intoxicant, java and certain soft drinks be avoided. There are countries in which cabin air becomes stagnant, and contaminations such as baccy fume may non be removed every bit rapidly as desirable. Mattson, et Al and associates demonstrated important degrees of cotinine ( a metabolite of nicotine ) in the piss of non-smoking riders and flight attenders after a flight, degrees that were related to these people ‘s evaluations of irritation. ( Skejenna O.et Al, 1991 )3-Barometric force per unit area alterations:Commercial aeroplanes and jet air-craft pressurized equivalent of an height of 6000 to 8000 foot ( 1830 to 2440 m ) , non to sea flat force per unit area. Therefore, air in organic structure pits or other closed infinites expands by about 25 % ; this enlargement may worsen certain medical conditions. Decrease in atmospheric force per unit area consequences in reduced partial force per unit area of O and reduced entire force per unit area, which may give rise to jobs due to gas enlargement and diffusion of gases from solution. ( Air Travel ; Flying withaa‚ ¬A ¦ , 2008 )4-In-flight service:Patients on particular diets may be accommodated, provided the air hose is informed at least 24 hours in progress. Although the quality of these repasts is good it is non infallible, and the traveller should take safeguards if his or her status is sensitive to nutrient. Peoples with nutrient allergic reactions should detect the same strict safeguards that they would whenever dining out. ( Alvarez D. et al, )5-Motion Sickness & A ; Turbulence:In general, air travel is one of the smoothest agencies of conveyance available. However, during long distance flights the aircraft about ever passes over at least one conditions system, and even at high attitudes some turbulency may be encountered. Turbulence may do gesture illness or hurt. While seated, riders should maintain their place belts fastened at all times. Motion illness can be uncomfortable and abashing every bit good as doing uncomfortableness to other riders. ( Air Travel ) Some medical conditions that require specific rating before traveling: Unless otherwise indicated these recommendations have been developed by civil and military aeromedical forces and are based on experience in managing certain conditions, the pre-flight rating should concentrate on the rider ‘s medical status with particular consideration given to possible infectivity, the dose and timing of any medicine and exercisings, besides for particular aid petitions.1-Diabetes:There are no limitations on winging with well-controlled diabetes ; diabetic patients should transport their medicine ; since exposure to even cabin flat height may ensue in a lower blood glucose degree. Insulin dependent diabetes are usually required to hold a missive of mandate from their physician to let passenger car of acerate leafs in their manus baggage ; it should be carried in a cool bag or pre-cooled vacuity flask It ‘s of import that they are cognizant of jobs caused by clip zone alterations, it ‘s recommended to stay on one clip system during flight and merely try to readapt to local clip on reaching at their finish. ( Alvarez D. et Al, ; Anne R. , 2005 )2- Pregnancy:Due to the increasing hazard of an-in-flight bringing, most air hoses prohibit travel after the terminal of the 36th hebdomad in incomplete singleton gestations, earlier bounds apply for multiple/complicated gestations or with a history of premature bringing, the bound for multiple gestation is by and large 32 hebdomads. The hazard of Deep Vein Thrombosis ( DVT ) is increased in gestation ; reasonable safeguards should be taken as for any traveller, there are extra hazard factors for thrombosis, specialist advice may necessitate to be taken. Particular equipment and attention available on most air hoses includes compaction stockings, particular seating, wheelchair services, and O equipment. ( Alvarez D. et Al, ; Anne R. , 2005 )3- Cardiovascular Diseases:Examples include recent Myocardial Infraction, Coronary arteria beltway grafting, angina pectoris, phlebitis and congestive bosom failure. -Myocardial Misdemeanor: The most frequent cause of decease in flight cardiac apprehension, normally caused by a myocardial misdemeanor, some air hoses recommend waiting 6 to 12 hebdomads before going, auxiliary O will probably be required at a flow rate of 2 to 4 L/min ; if the patient must go within 6 hebdomads of the last acute event or if angina at remainder is experienced. -Coronary arteria beltway grafting: A surgical method that improves blood flow through coronary arterias which were narrowed due to atheroma. Air travel can be contemplated, if necessary, at 10 yearss station surgery, therefore leting clip for the air introduced into the thorax to be reabsorbed. -Phlebitis: Peoples with a history of lower limb thrombosis or varicosities should have on support hosiery and exert their legs sporadically. -Patients with gait shaper: A pacesetter is a little device that ‘s placed in the thorax or venters to assist command unnatural bosom beat, This device uses electrical pulsations to motivate the bosom to crush at a normal rate, Consult with your doctor before doing any travel agreements merely to guarantee your pacesetter is in good standing. It would non be good to take a long distance trip and have a job. ( Alvarez D. et Al, ; Anne R. , 2005 ; Skejenna O.et Al, 1991 )4-Deep Vein Thrombosis ( DVT ) :The hazard of venous thromboembolism ( VTE ) about doubles after a long period flight ( & gt ; 4 hours ) , the hazard increases with the continuance of the travel and with multiple flights within a short period, its immobilisation instead than any cabin environment effects of the curdling system that is thought to be the cause of the increased hazard. When seated for a drawn-out sum of clip, the articulatio genuss remain at a right angle, ensuing in a â€Å" crick † in the venas of the legs, forestalling proper circulation. All riders should maintain nomadic whilst in flight, its recommended that they stand in their place country and stretch their weaponries and legs every twosome of hours, walk around the cabin whenever they can and follow an in place exercising plan. ( Paganin F. , et Al, 2003 ; Opartray L. et Al, 2004 ; Beasly R. et Al, 2005 )5-Pulmonary Diseases:Passengers with asthma and chronic diseases ( including clogging pneumonic disease ( COPD ) and cystic fibrosis ) are normally able to go safely if the status is stable and there has been no recent impairment. -Asthma: Patients with stable asthma should be able to wing without jobs, preventative and alleviating inhalators should be carried in the manus baggage, portable atomizers may be used at the discretion of cabin crew, and they may be connected to the air craft electrical supply. Patient should make some of take a breathing exercisings to better their O degree and to loosen up their musculuss. -Cystic Fibrosis: Medicines should be divided between manus and clasp luggage to let for holds and way stations, portable atomizer may be used and they may be connected to electrical supply, patients prescribed in-flight O should have O while sing high height finishs, riders should set about physical therapy during way stations. ( Coker R. , 2002 ; Skejenna O.et Al, 1991 )6-Fractures:Patients should wait for 24 hours following application of plaster dramatis personae for flights of less than 2 hours and for 48 hours on longer flights because air may be trapped beneath the dramatis personae. If pressing travel is necessary, a bi-valved plaster dramatis personae can be used to forestall harmful puffiness, and circulative jobs peculiarly on long flights. A fractured leg should be kept elevated if possible, careful place choice can assist. Mandibular breaks deserve excess cautiousness ; if the jaw is wired the patient should transport wire cutters, because of the hazard of turbulency patients may non go with free-hanging grip, patients who require grip may go ( normally by stretcher ) with the limb or extremity fixed to the splint ( i.e. , Thomas splint or halo splint ) . ( Your healthaa‚ ¬A ¦ )7-Infection Disorders:There is concern about the potency for transmittal of infective disease to other riders on board commercial aircraft. There is besides concern about the consequence of travel after recent respiratory piece of land infections. The most of import consideration is that of transmittal of pneumonic TB, particularly that of multiple drug resistant ( MDR ) TB. Patients with infective TB must non go by public air transit until rendered non-infectious. World Health Organization guidelines province that three smear negative phlegm scrutinies on separate yearss in a individual on effectual anti-tuberculosis intervention indicate an highly low potency for transmittal, and a negative phlegm civilization consequence virtually precludes possible for transmittal, this may be over cautiousnesss. While this remains the policy for HIV positive patients, HIV negative patients who have completed 2 hebdomads of effectual anti-tuberculosis intervention are, in pattern, by and large considered non-infectious. ( Coker R. , 2002 )8-Central Nervous System Disorders:Following a shot or cerebro-vascular accident, riders can normally go after 3 yearss if stable or recovering, through formal medical clearance should be sought if travel is required within 10 yearss. For those with intellectual arteria inadequacy, hypoxia may take to jobs and auxiliary O may be advisable, rider with stable epilepsy may be more prone to ictuss during a long flight ; mild hypoxia and hyper-ventilation are known precipitating factors, in add-on to the exasperation of weariness, anxiousness and irregular medicine. It ‘s recommended that epileptic patients increase their medicine before winging and restart normal doses merely after geting at their finish. ( Coker R. , 2002 )9- Psychiatric Disorders:Because of the safety deductions, psychiatric upsets need to be stable and controlled, for riders with other upsets, such as anxiousness or depressive neuroticism, the airdrome environment and the flight itself may hold a important impact. Small doses of minor tranquilizers may be helpful in riders who are familiar with their effects and side effects, nevertheless, great attention must be taken to avoid over sedation ( which could be misinterpreted by cabin crew as serious unwellness ) and blending with intoxicant which can take to unpredictable behaviour. A assortment of classs is available to assist those with a fright of winging and riders will normally happen cabin and flight crew highly supportive if they are cognizant of the job. ( Coker R. , 2002 ) For those who travel in long trips, some safeguards need to be taken in order to avoid any complications that can go on. These safeguards and advices will be divided into three classs ; advices sing the musculoskeletal system, advices sing the circulation, and advices for the pneumonic system.Advices for the musculoskeletal system:Neck axial rotations:Advantage: these exercisings combined with external respiration exercisings which will be discussed subsequently has a great consequence in cut downing the tenseness stored at the cervix. Exercise: the rider should get down with external respiration in so dropping the cervix towards the thorax. From this relaxed place where he feels that his caput is heavy ; he would get down to circle his caput to the right while he is take a breathing out and back for five times. Then do the same to the left side in slow controlled form.Shoulder Axial rotations:Advantage: shoulder axial rotations helps to forestall and cut down musculus cramp of the shoulder and the cervix musculuss. It besides corrects the inappropriate position taken during the flight. Exercise: it is done by humping the shoulder frontward so upward, so backward, and downward. In simple words it is soft slow round gesture of the shoulder repeated five times in one way so another five in the opposite way.Shoulder Stretch:Advantage: they have the same consequence of shoulder axial rotations plus keeping the shoulder musculuss length and prevent shortening. Exercise: stretching the anterior facet of the shoulder is performed by clasping the custodies behind the dorsum and straightens the arm every bit much as possible. This is combined by widening the cervix to look at the ceiling. Stretch the posterior facet of the shoulder is performed by is by conveying the right manus over the left shoulder. Then place the left manus behind the right cubitus and use a soft pull towards the organic structure. Keep the stretch place for at least 15 seconds and reiterate it 5 times.Trunk forward flexure:Advantage: this exercising stretches the back musculuss and prevents shortening. It besides reduces the opportunity of acquiring back hurting after the flight. Exercise: with both pess n the floor and tummy held in, easy bend frontward seeking to make your mortise joints. Keep this place for 15 seconds and easy sit back. Repeat it 5 times.Knee lifts:Advantages: forestalling articulatio genus, hip, and natess pain because of the drawn-out posing. It besides maintains the scope of gesture of these articulations. Exercise: maintain the right leg set and raise the articulatio genus up the thorax. Then conveying it back to the normal place. Make it for five repeats so exchange to the other legKnee to chest:Advantage: it is a stretching exercising for the gluteal muscle and the hamstrings musculuss to forestall musculus shortening and cut down the odds of musculus cramp. Exercise: flex frontward somewhat. Clasp the custodies around the right articulatio genus and embrace it to the thorax. Keep the stretching place for 15 seconds. Keep the custodies around the articulatio genus so easy allow it down. Switch over the legs and reiterate it 1 times. ( Sheehan j. , 2004 ; Pizar A. , 2009 ; Alvarez D. et Al, ; Your healthaa‚ ¬A ¦ ; Air Travel )Advices and Precautions Sing the Circulation:1. Ankle circles:Advantage: this is a critical exercising to maintain the circulation of your organic structure active and to assist in the venous return. It is besides good for maintain and forestall the loss of the ankle scope of gesture. Exercise: raise the pess of the floor. Pull a circle with your toes, at the same time traveling one pes clockwise and the other pes counterclockwise. After 15 seconds reverse the circles and repetition as desired.2. Foot pumps:Advantage: another indispensable exercising for the circulation and to forestall the opportunities of developing a DVT. Exercise: Feet gesture is in three phases: Keep the heels on the floor and raise the forepart of the pess up every bit much as possible. Keep this place for 2 seconds. Put both pess flat on the floor. Keep the balls of the pess on the floor and raise the heels every bit high as possible. The three phases should be repeated for 30 seconds.3. Compaction stockings:Advantage: it assist in forestalling puffiness of the mortise joints due to drawn-out posing and the gravitation. It besides improves the blood return to the organic structure from the lower legs. The carrying must non be excessively tight or excessively lose. A good fitted carrying size is the most recommended. 4. Keep traveling around the cabin on occasion. 5. Stay adequately hydrated and avoid surplus intoxicant and java. 6. Keep the pess elevated by utilizing the leg rests at higher lift. ( Sheehan j. , 2004 ; Pizar A. , 2009 ; Alvarez D. et Al, ; Your healthaa‚ ¬A ¦ ; Air Travel )Advices for Pneumonic System:1. Peoples who are breathless at remainder should non go without O supply. 2. Patients should transport preventative and alleviating inhalators in their manus baggage. 3. COPD patients should make take a breathing exercisings every two hours: the exercisings include pursed lips take a breathing. The exercisings consist of taking a deep breath from the olfactory organ ; keep it in for 2 seconds. Then purse your lips and take the breath out from your oral cavity easy. ( Coker R, 2002 )

Valuation Project Report

Valuation project report Valuation of the Incentive Stock Options for Procter & Gamble Co. Name: Haining Jiang Company background: In this valuation project, I will analyze a company which is mature and I am interested in. The name of the company is Procter & Gamble Co. the Procter & Gamble Company, together with its subsidiaries, engages in the manufacture and sale of a range of branded consumer packaged goods. The company operates in five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care.In the year of 1837, William Procter and James Gamble settled in the Queen City of the West, Cincinnati, and established themselves in business. As a result, a new company was born: Procter & Gamble. Procter & Gamble became into a listed company at a stock price and dividend which are $ 1. 7 and $ 0. 01 per month respectively in 19 Jan. 1970. For many years, P & G keep following their purpose and social responsibility at every and every corner in the world: â€Å"We will provide branded products and services of superior quality and value that improve the lives of the world’s consumers, now and for generations to come.As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders and the communities in which we live and work to prosper. † Until now, P & G has become the largest consumer packaged goods company in the world at $ 67. 17 of the share price and $ 0. 562 of dividend per month. Main contents: 1. Discounted dividend valuation The most basic model is the Gordon Growth Model, which prices the stock by the dividend and future growth of dividends. The formula would be like this: V0=D0 (1+g)(r-g)=D1r-gWhere D0 is today’s dividend, which would be $ 2. 21 in our case. r is the cost of capital, r will be calculated like: Assume : The market premium = 6%* The risk-free rate = 3%* Given number in the case: ? = 0. 27 So, r = 0. 03 + 0. 27 x 0. 06 = 4. 62% The best way to estimate g is: The term g can be viewed as the return on owner’s equity times the earnings retention rate b. b = (1 – dividend payout ratio) = 1 – 58% = 42% return on equity = 14. 05% So, Sustainable growth rate = gs = 42% x 14. 05% = 5. 901% r< g, so we may meet a big problem when using the V0 formula above.But, as far as we all know, it is not possible that the firm can grow faster than r forever. The high return will attract other investors into the market to compete and the firm’s rate will eventually fall. And, I determine the long-run growth rate of dividends, gL = 3%*. g < r. Even if this data is not real in the true P&G case, I think it’s will be fine to continue our model. V0=D0 (1+g)(r-g)= $ 2. 21x(1+0. 03)(0. 0462-0. 03)=$ 140. 51 1) Two-stage dividend growth When the P & G is growing faster than r, one can use a multistage model, where the growth stages are broken into two parts.The first is the supernormal growth phase call gs , which is the rate that is higher than r. So we can assume: at the first period ( r < g ): gS = 5. 901% (as we calculated above) n = 3*; At the second period ( r > g ): r = 4. 62% (as we calculated above) gL = 3% (as we calculated above) D0 = $ 2. 21 (real data from P&G) ; As we all know the formula is: V0 = t=1n[ Dt1+rt+ Vn(1+r)n] Vn= D01+ gsn(1+ gL)(r- gL) So, V3= 2. 21Ãâ€"1+ 0. 0593(1+ 0. 03)(0. 0462- 0. 03) = $ 166. 88 V0 = 2. 21x(1+0. 059)1(1+0. 0462)1+ 2. 21x(1+0. 059)2(1+0. 0462)2+ 2. 21x(1+0. 059)3(1+0. 0462)3+ 166. 88(1+0. 0462)3 = $ 152. 27 2) Three-stage dividend growth We assume the P & G company experienced a life-cycle with a three stages that are: an early, development stage with high growth, a maturing phase with moderate growth, and a declining phase with little, no, or negative growth. The current dividend of $ 2. 21 per share will not change. Dividends are expected to grow at a rate of 10%* for 2 years. Following that, the dividends are expected t o grow at a rate of 8%* for 2 years. After the total 4 years, the dividends are expected to grow at a rate of 4%* per year, forever. The rate of return unchanged: 4. 2% (as calculated in 1. 1). We can break the calculation in to six steps: (1) Calculate the dividends for years 1 through 5: year| Dividend growth rate| Dividend| 1| 10%| 2. 431| 2| 10%| 2. 674| 3| 8%| 2. 888| 4| 8%| 3. 119| 5| 5%| 3. 275| (2) Calculate the present value of each of these dividends for years 1 through 5: Year| Dividend| Present value| 1| 2. 431| 2. 3236| 2| 2. 674| 2. 4430| 3| 2. 888| 2. 5220| 4| 3. 119| 2. 6035| 5| 3. 275| 2. 6130| (3) Calculate the present value of the dividends beyond year 4: P4= $ 3. 275(0. 0462-0. 04) = $ 528. 23 (4) Calculate the present value of the price at year 4:PVP4 = $ 528. 23(1+0. 0462)4 = $ 440. 92 (5) Calculate the sum of the present value of the dividends: PVdividends in year 1-4= t=110Dt(1+0. 0462)t = $ 12. 51 (6) Calculate the price today as the sum of the present value of dividends in years 1-4 and the price at the end of year 4: P0=$ 440. 92+$ 12. 51 = $ 453. 43 3) The uses of the dividend valuation models (1) The price-earnings ratio also known as the price-to-earnings ratio or PE ratio, is the ratio of the price per share to the earnings per share of a stock. Let us observe these data from P&G firstly: ?| 2012| 2011| 2010| stock price| $66. 6| $64. 50| $60. 44| current earings per share| $3. 82| $4. 12| $4. 32| P/E ratio| 17. 37173| 15. 65534| 13. 99074| dividend payout ratio| 58%| 50%| 42%| If we take the DVM and divide both sides by earnings per share, we arrive at an equation for the price earnings ratio in terms of dividend payout, required rate of return, and growth: P0E0= Dividend payout ratio x (1+g)r-g We can conclude the information below according to the above formula: Increase in dividend payout rate will cause increase in P/E ratio, this point is also obviously in the table above, the data comes from the real P&G case.Increase in r will cause decrease in P/E ratio Increase in growth rate will cause increase in P/E ratio. (2) we can also use the DVM to relate the price-book value ratio to factors such as the dividend payout ratio and the ROE. We assume the B0 indicate the current book value per share and ROE0 indicate the current return on book equity. As we all know: ROE0 = E0B0 , and P0=D0 (1+g)(r-g)=D1r-g ; So, we can get the formula easily below: P0=B0x ROE0 x D0E0x (1+g)(r-g) So we could get the conclusion through analyzing the above formula: increase in B0 will increase in P0; ncrease in ROE0 will increase in P0; increase in D0E0 will increase in P0; increase in g will increase in P0; increase in r will increase in P0; I believe there are plenty of other conclusions we can get from those formulas, I just mention some of them in my valuation report here. But in other words, we can fully use the DVM to find all the related fundamental factors to have further understanding through DVM. 4) What if there no d ividends? I think it’s acceptable and expectable if the P&G isn’t paying dividends now, but chooses to reinvest its money.It is a sign that the dividends in the future will be even larger. Of course, I won’t stick around with the company long enough to receive any of those dividends. But because of the growth of the company, I will realize that the eventual dividends will be even larger with the increasingly share price. After that, I can sell me shares to someone else to get my profit from it. Summary: â€Å"Valuation is the process of determining what something is worth at a point in time. When we value investments, we want to estimate the future cash flows from these investments and then discount these to the present.This process is based on the reasoning that no one will pay more today for an investment than what they could expect to get from that investment on a time and risk adjusted basis. †1 I think the paragraph I cited above not only give us the best conclusion of by valuation project report, but also tell us a definitely reason we study finance. Please Note: If the number followed a * behind it, it means this number is assumed and the others without * are all real data from P&G company finance report. 1: cited from the â€Å"Dividend Valuation Models†, by Pamela Peterson Drake, Ph. D. , CFA.

The Middle Passage essays

The Middle Passage essays Sometime between the years 1600-1800, black Africans were subjected to a grueling expedition of torment and torture. This trip was known as the "Middle Passage." It was named so, because it was the middle leg of the "Triangular Trade" route that was used by European merchants (Black Peoples of America paragraph 1). The first part of the voyage would carry cargo to the African coast, where the goods were then exchanged for Africans, The second part of the trip consisted of the Africans being traded for goods in America. The ship would then head back to Europe. While slave-trading was outlawed in most countries, it was a lucrative business, therefore often overlooked. Slave trade through the middle passage actually began with African captors trading African slaves. According to an about.com article, "African captors kidnapped their countrymen and brought them to slave factories on the west coast of Africa" (about.com paragraph 2). This may have began as a means to just make a living, providing food and clothing for trader. Apparently greed soon took over, and slave trading became a profitable, I dare say, "occupation." Slaves were often kidnapped from their village and families and carried to slave factories on the west coast of Africa. This journey alone cost many lives, as it was a long and tedious one. The slaves could then spend anywhere from days up to a year in these factories awaiting a horrible, yet unknown journey ahead of them. Once these people (who were not thought of as people at the time), were on the ships, they were shackled ...

60 Nationalities in Spanish

60 Nationalities in Spanish In Spanish, most of the words for the people who hail from particular countries around the world look or sound very similar to the word for the country in English. For example, colombiano  is the word for a male hailing from Colombia and boliviana  is the word for a female from Bolivia. An interesting distinction that varies from English to Spanish is that words used for nationalities are not capitalized in Spanish. Nationalities Can Be Nouns or Adjectives As in English, the words  for nationalities can be used in Spanish as either adjectives or nouns. An example of the adjective form is I want a French  coffee or Yo quiero  un cafà © francà ©s. An example of the noun form is He is an Italian or Él  es italiano. Who You Are Addressing Usually Matters In Spanish, nouns, and adjectives usually, have a masculine form and a feminine form depending if the person being referenced is male or female. The masculine form is usually used to refer to more than one person of unknown gender. For example, They are American would be translated as Ellos son americanos, which is the masculine plural form. A majority of nationalities end in -o.The feminine form for nationalities ending in -o is made by changing the -o to an -a. For example, the word griego, for a person from Greece, changes to griega when referencing a female. Another common ending for nationalities is  -à ©s. Words ending in -à ©s  can be made feminine by changing the ending to -esa. Thus the feminine form of inglà ©s,  for someone or something  from England, is inglesa. A Few Nationalities Do Not Change with Gender There are some nationalities that do not change form with gender. Nationalities that have irregular endings, such as -ense, as in the  word  costarricense, used for Costa Rican, do not have a separate masculine or feminine form. The word remains the same when describing either gender. The same can be said for  nationalities that end in -a. These do not change, such as  croata  for Croatian, or  belga  for Belgian. The following sampling of 60 countries is listed with the masculine form of the nationality. Use the masculine and feminine rules to change the word depending on the person being addressed and the endings of the nationalities that are given. Related Grammar Rules Plural nouns and adjectives for nationalities follow the regular  rules for plurals., typically by adding an  -s  or  -es. The names of most countries as well as provinces, states, and regions is masculine. The main exceptions are those whose names end in an unstressed -a, such as Francia, Argentina, and Gran Bretaà ±a. Canad, which ends in a stressed -, is masculine. A few country names, the biggest of them being la India, cant stand alone and need the definite article. For some countries, such as (los) Estados Unidos, the definite article is optional., List of Nations and Nationalities Alemania (Germany) - alemnArgentina - argentinoAustralia - australianoAustria - austriacoBà ©lgica (Belgium) - belgaBelice (Belize)  -   beliceà ±oBolivia - bolivianoBrasil - brasileà ±oCanad - canadienseChile - chilenoChina - chinoColombia - colombianoCorea del Norte (North Korea) - nortecoreano, norcoreanoCorea del Sur (South Korea) - sudcoreanoCosta Rica - costarricense, costarriqueà ±o (uncommon)Cuba - cubanoCroata (Croatia)  - croataDinamarca (Denmark) - danà ©Ecuador - ecuatorianoEgipto (Egypt) - egipcioEl Salvador - salvadoreà ±oEscocia (Scotland) - escocà ©sEspaà ±a (Spain) - espaà ±olEstados Unidos (United States) - estadounidense, norteamericano, americanoFilipinas (Philippines) - filipinoFrancia  (France)- francà ©sGales (Wales) - galà ©sGran Bretaà ±a (Great Britain) - britnicoGrecia (Greece) - griegoGuatemala - guatemaltecoHaità ­ - haitianoHonduras - hondureà ±oHungrà ­a  -   hà ºngarola India - indio, hindà º Inglaterra (England) - inglà ©sIrak, Iraq - irakà ­, iraquà ­Irn - iranà ­Irlanda (Ireland)  - irlandà ©sIsrael - israelà ­Italia (Italy) - italianoJapà ³n (Japan) - japonà ©sMarruecos (Morocco) - marroquà ­Ã‚  (Moro is sometimes used but can be considered offensive.)Mà ©xico, Mà ©jico - mexicano, mejicano  (the first spelling is used in Mexico, while usage varies elsewhere)Myanmar/Birlandia (Myanmar/Burma)  -   myanma/birmanoNicaragua - nicaragà ¼enseNoruega (Norway) - noruegoNueva Zelanda (New Zealand) - neozelandà ©sPaà ­ses Bajos (Netherlands) - holandà ©sPalestina  (Palestine) - palestinoPanam - panameà ±oParaguay - paraguayoPerà º - peruanoPolonia (Poland) - polacoPortugal - portuguà ©sPuerto Rico - puertorriqueà ±ola Repà ºblica Dominicana (Dominican Republic) - dominicanoRusia - rusoSudfrica (South Africa) - sudafricanoSuecia (Sweden) - suecoSuiza (Switzerland) - suizoTaiwan - taiwanà ©sUruguay - uruguayoVenezuela - venezolano Notes on Americano Estadounidense is understood everywhere to refer to U.S. residents, but in some areas it can seem overly formal. In parts of Latin America, norteamericano is preferred with speaking of the U.S., although in some places that term is understood include persons or things Canadian (but not Mexican). Americano can be understood to mean Latin American in some areas, but American in the U.S. sense in others. Quick Takeaways As in English, noun and adjective forms of nationalities in Spanish use the same words.Although names of countries are capitalized in Spanish, names of nationalities are not (except at the beginning of a sentence.)The most common endings for nationality names are -o and -es.

Organizational Development Assignment Example | Topics and Well Written Essays - 1500 words

Organizational Development - Assignment Example During recent years, the field of human resource management has seen a transformation as a result of changing workplace trends. A common concern for human resource managers has been to manage compensation and rewards in such as a way that employees feel motivated. At the same time, human resource managers are concerned with talent retention and this requires designing effective compensation plans that not only motivate employees and drive performance, but also retain high performing employees. However, many of the problems resulting from compensation plans differ from organization to organization. The dynamics of each organization shape the type of compensation plans that are going to work best given their situation. For example, organizations focusing on sales may pay their employees in terms of commissions and piece rate. On the other hand, high tech companies like software firms may pay their employees in terms of employee stock units. This is what Google and Facebook are doing with their employees. In order to counter challenges relating to pay, human resource managers develop appropriate pay plans that are suitable to employees (Dessler, 2011). That is to say, such plans that motivate employees and get the most output from them. Additionally, human resource managers have to carry out employee appraisals. Currently all organizations have some sort of performance evaluation in place (Lichtman, 2007). To do so, human resource managers have to design and plan out performance evaluation system which consist of measurable metrics that reflect an employee’s performance. The metrics criteria are based on key performance indicators as known as KPIs and different performance (Lichtman, 2007). Measuring the performance of a company’s employees provides managers with all the necessary information needed to make an informed decision. It helps managers decide which employees are going to receive appraisals and which employees will not. In certain

Scholarship Essay Example | Topics and Well Written Essays - 1500 words

Scholarship - Essay Example Quite often there is nothing left after discharging my mother’s medical bills. My family’s financial struggles have put me at a disadvantage in school. We cannot afford to buy new school clothes and shoes and I am quite often wearing old and worn clothes and shoes to school and this makes me self-conscious, particularly when other school children are dressed smartly. We cannot afford a computer which puts me at a greater disadvantage. Quite often I have assignments that require the use of a computer. Although I can use the library’s computer, I can ill afford the time. Without bus fare, I have to walk home from school and using the library would cause serious delays. I quite often feel so despaired that I fear I might have a breakdown. I believe that a scholarship would greatly reduce some of the financial burdens on my family and would put my family in a better position to support my education. To begin with, I would be able to purchase a home computer and the n ecessary school supplies. With these burdens lifted I would be in a better position to focus on my education and produce at a much higher level. Part II: Counselor’s Recommendations FL is a focused student with a clear understanding of where he wants to go in life and is keenly aware of the obstacles he has to overcome to get there. He is frustrated by the obstacles, particularly the financial struggles his family faces and is aware that the solution is out of his hands. FL’s current situation is dire and if he does not obtain a resolution to his situation, it is unlikely that he will be able to remain in school. If his problems persist, it is conceivable that FL would drop out of school to help relieve his family’s financial burdens. Right now his mother’s illness appears to be the family’s number one financial priority. As a result, FL’s school needs are sorely lacking. It is therefore recommended that FL benefits from a scholarship. This is a student who is very committed to school work and academic success. He is looking ahead to the future and as a result, FL is actively engaged in college preparatory programs. In addition, he is participating in cross country running. As a dedicated and driven student, it would be a benefit to both the school community and FL if he is awarded a scholarship and therefore remains in school and able to pursue a higher education. FL’s family is struggling financially as they are living on his father’s small income. FL’s mother is suffering from diabetes and this absorbs a great part of the family’s income. As a result of the family’s financial struggles, FL is disadvantaged at school. His family cannot afford to buy a computer. He often has to walk home from school as he cannot always afford bus fare. His school clothes and shoes are used and makes him self-conscious. FL is frustrated by the obstacles to his school productivity. FL wants to go onto college. FL will likely feel better about himself and thus remain committed in school if he is granted a scholarship. EG Part I: EG’s Statement I have always aspired to attend a good university and graduate in the top 10% of my class. I am working toward achieving these goals by currently focusing on my grades and ensuring that they are good enough to get me into a good university. However, at the moment I am currently facing some financial difficulties that could interfere with my plans to get into a good