Net Present Value, Mergers and Acquisitions Essay

One financial goal of financial managers is to maximize the shareholders’ wealth. Therefore, merger and acquisition decisions should be consistent with shareholder wealth maximization, and financial characteristics of the targets to consider in the decision-making process. The net present value method is one of the useful methods that help financial managers to maximize shareholders’ wealth. The capital budgeting decision mergers Acquisitions Net Present Value Financial managers are working for the shareholders and their primary goal is profit maximization in order to maximize the wealth of the company and the shareholders. The Capital budgeting decision focuses on the net present value method, the payback period, and the internal rate of return method. This paper has two parts, where the first aspect relates to the capital budgeting decision. This paper will recommend if Goggle should accept a new project by using the net present value method. Next, the paper will discuss Google’s potential acquisition of Groupon and if it will add value to the shareholders of both corporations. Finally, this paper will make a recommendation to Goggle and Groupon on the best course of action for a merger or acquisition. Part I First, a financial manger has to make optimal decisions they will benefit the company. A financial manger has to know how to make money and smart investments in order to raise capital and put the money back into the company. The net present value is an important concept and useful tool to use to help financial managers make informed financial decisions. For instance, the net present value concept works with the capital budgeting decision to make an informed decision on a project and the potential for profits. In addition, net present value compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account because dollar today is worth more than a dollar in the future. The time value of money concept takes into considerations that money has a different buying power in the future because of inflation and changes in interest rates. For example, if the net present value of a project is positive, then the company should accept the project, but if the net present value of the project is negative then the company should not accept the project. Calculations 1) Calculate present value (PV) of cash inflow (CF) Initial Cash Outflow PV of CF = CF1 / (1+r)1 + CF2 / (1+r)2 + CF3 / (1+r)3 + CF4 / (1+r)4 + CF5 / (1+r)5 PV of CF= $1,750,000 (1+ 2) Calculate NPV NPV = Total PV of CF – Initial cash outflow -Initial cash outflow + Total PV of CF r = Discount rate (14%) Part II Rumors about potential mergers and acquisitions are often a hot topic in the business press. Mergers and acquisitions can have advantages and disadvantages for a company because it has both rewards and risks. Companies want to have successful and profitable mergers that would have value to their shareholders. â€Å"One of the most common motives for mergers is growth. There are two broad ways a firm can grow. The first is through internal growth. This can be slow and ineffective if a firm is seeking to take advantage of a window of opportunity in which it has a short-term advantage over competitors. The faster alternative is to merge and acquire the necessary resources to achieve competitive goals† ( Google’s potential acquisition of Groupon would add value to the shareholders of both corporations, especially Groupon. The recent price per share for Google is $1,130. 18 and the recent price per share for Groupon is $11. 56. The Groupon company was a new company that made over one billion dollars in sale their first year in business. In 2010, when Groupon first started it was a new idea and a new site that offered daily deals. Google wanted to buy Groupon for six billion dollars but the deal â€Å"the daily-deals site that became the quickest firm to rack up $1 billion in sales and the second-quickest, behind video behemoth YouTube, to hit a $1 billion valuation. Online acquisitions didn’t get any bigger than this† (Sennett, 2012). The impact on Google shareholders would be a negative impact on their stock. For example, â€Å"there is also a perception in the market that Google would not acquire Groupon as it will have a negative impact on Google’s stock. This might be true for the shorter-term but not for the longer-term period as Groupon grows and delivers better performance† (Seeking Alpha, 2012). In addition, if Google was to acquire Groupon then Google will face tax losses. The impact on Groupon shareholders would add value to the company because Google would back it and the company could come up with more innovative ways to keep and attract new customers. The business concept for Groupon could lead to duplications by other businesses. Groupon stock would increase and the company could have made millions of dollars off a merger with Google, since Google is already a profitable company. The financial conditions of both corporations prior to the merger were outstanding. For example, Groupon had an annual revenue of more than $500 million and the company was estimated at $1. 4 billion. On the other hand, Google was already a successful company with shares of over $600. â€Å"Google Investors, however, seemed focused on Groupon’s valuation, which was estimated at 1. 4 billion during its last fund-raising round in April. Shares in Google fell 4. 5 percent, to $555. 71; the stock was battered by news that European regulators had opened an antitrust investigation† (Rusli, Worthham, 2010). Google and the Groupon Company would be more profitable if they remain separate companies because Google was already very successful. For instance, Groupon business model could be easily copied. In addition, Groupon expanded to fast, and their stock sold for over $20 then dropped to $13 in less than a year. For example, the leaders at Grouon wanted to grow the company as fast as possible, and then cash out on the company. â€Å"This was an outrageous offer for a company that had reported just $30 million in revenue for all of 2009, and any ordinary startup would have taken it. But Groupon’s growth in 2010 was off the charts, and bankers from Morgan Stanley and Goldman Sachs were salivating at the prospect of leading its public offering. Goldman chief Lloyd Blankfein made the trip to Chicago personally to woo Groupon. â€Å"The bankers broke out all these charts,† said a source familiar with the meetings. â€Å"They showed Eric a growth matrix that projected Groupon would be worth $25 billion in a few years. When he saw that, Google was toast† (Popper, 2013). Finally, a merger between Groupon and Google could take years because of the antitrust laws. An acquisition is successful when the company has a clear plan with specific objectives and a timeline to complete the deal. In addition, successful acquisitions also include a way to finance the acquisition whether it is equity financing, cash reserves, or debt financing. A merger is successful when there is effective communication, effective leadership, and clear objectives and planning. In addition, successful mergers also involves the elimination of power struggles and Potential pitfalls – might the combined entity actually be less profitable than either company operating independently? What are the risk factors with this potential acquisition? Explain and discuss financing options for financing mergers and acquisitions â€Å"Even though bidding firms will pay a premium to acquire resources through mergers, this total cost is not necessarily more expensive than internal growth, in which the firm has to incur all of the costs that the normal trial and error process may impose. While there are exceptions, in the vast majority of cases growth through mergers and acquisitions is significantly faster than through internal means† Apply principles of risk and valuation analysis to mergers and acquisitions

Public Education Financing Essay

Abstract The main purpose of this paper is to provide a study on how public educational financing is done in the US.   Its current status, what are the common sources of funds that the US government is getting in order to provide an effective support for the students and their families.   It will also provide readers as to how really educational assistance can be applied in the US setting.   Introduction    How many time did we heard about the news about poverty, unemployment and even problem regarding security in the country or in the world or issues in the business which are over emphasized nowadays.   Actually all of these are inter-elated to the problem of education.   In most political studies, it was said that education is one of the main barometer of a country’s progress, which is definitely true.   You can name some emerging markets and highly prioritized education countries that put their economic growth on a higher level. Like for instance, India and Korea, their main success was actually not about the many investment they have started or the ever friendly relationship that the country have prioritized over the years just to invite foreign investment in the country.   But, what these countries did, as how Japan did decades in the past, is to enrich their educational system.   An educational system that is being the main priority and everything follows.   Just like in Korea, specifically South Korea, what the government done, is to send all their top scholar abroad with government financing their studies, like in best universities in Europe and in the US, what they have studied and patiently done by also their own way as well like tremendous research and knowledge on the latest trend either in technology, business and management.   These altogether has come up into something what Korea has been so proud of, and the is inventing and producing their own world class products, from the simple gadgets, like cell phones, appliances, like TV and even up to ergonomically designed cars, which are now greatly accepted in the global market. For India, it is more on targeting what they can have as strength, the effective way of the government fully supporting their own people by not allowing most of the top notch University Graduate to easily earn their degree without any post certification has been a standard across most of its known University.   Take for instance in IT where most graduates are required to take certification programs has made their graduates highly competitive against their neighboring countries, not only that their labor cost is also not that high, since the cost of living in the country is also well controlled by the government.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   For both of this countries is all brought out by effective and efficient prioritization done by the government and to really focus on improving their educational system as well as controlling foreign interference and always look at the local standard of life, like in India which helps their graduates to be competitive since the cost of living is not that raising too much.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In education, there are two main category, private educational system and public.   For the latter which is the main focus of this research has been always challenge on how it can deliver effective and well allocated financial support for its people.   Actually, this paper’s main objective is to provide a presentation as well as critical analysis on the current public school of the US, most especially in the financing side.   And from the findings, provide at least some meaningful suggestion as to how it can improve the process, in order to greatly improve the service it gives for the people, most especially the deserving families in the US. Finance Program in the US   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the United States, Public education financing continued to be a very hard task to do.   This is for the reason that there are so many states in the country and each of the state has a different needs, factors that affects the better management of its finance system includes, cultural aspect, like as it is common, US has been a country of many nationalities and it has been common fact and this becomes a true big attention to look at since different culture m9ight have different needs, secondly, there are also issues in the current status of each state, like in terms of its domestic product, other state has a better economic performance and this can easily help in the implementation of public school financing for that certain state, but however for others that are purely depending on financial aid which may come from private or public sources are always a challenge to evaluate and probably improves the local process in order to achieve better financial system for that state.   In other words, even the government have establishes a country wide policies, there are still times which is mostly, that these policies need to be change a little in order to address the exact needs of the state.   (Public School Finance Program of the United States and Canada, n.d.).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It is true that the US government has provided a lot of attention in supporting families to overcome the ever increasing cost of education.   Just like in most European countries where there tax automatically works in their educational system.   In the US it does not actually works exactly like that, what happen is that for the public educational system, it provides these sources usually through Federal Government.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The very basic requirement are the following, first, there is a financial need, where the income of the family have shown that the incapacity to send their children in school is relatively present.   Second, is that there is an education requirement, meaning the child has shown great interest in pursuing education, and lastly, is to apply and comply for legal requirements.   There are also different types of student Aid that the student might apply, depending upon on the appropriateness of the need, which the public educational agency can help in attaining the request, (1) Grants, (2) Work Study and (3) Loans.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Grants, is the support that provide by the US government for deserving students which families does not really have the capacity to send their children to school.   The family will just present to the agency the required documents that show that their income is not enough to send their children to school.   For the second type, Work Study is allowing students to work part-time in order for them to finance their studies.    This is one of the common and applied system that the government gives to young adults that is not only teaching them how to live their life in a mature way but also finding it more importance I their study as well, since they work to study and the every dollar that they earn is shown to be very important for them.   Lastly, for Loans, these are borrowed amount of money by the student that needs to be repaid.   This is also allowed or be given to families that shown no capacity to let their children to go to school.   The local federal agencies are also helping these students to be approved in this application.   This can also be done in terms or depending on the agreed payment scheme.   (The Guide to federal Student Aid 2007-2008, n.d). Revenue sources for State Funds   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The following figures and table have shown that most of the source of revenue that supports the public education in the US, comes from the state resources, where it also a true showing that the country’s income were also come from the state as well.   Then it followed by the income from the local property taxes, then other sources of earnings from the state and lastly is from the federal sources, which is expected to be low because it does not actually expect much earning from them.   (See Figure 1 and 2). NOTE:  Current expenditures include instruction, instruction-related, support services, and other elementary/secondary current expenditures, but exclude expenditures on capital outlay, other programs, and interest on long-term debt. SOURCE:  U.S. Department of Education, National Center for Education Statistics, Common Core of Data (CCD), â€Å"National Public Education Financial Survey (NPEFS),† fiscal year 2005, Version 1a. Figure 1 Current per-pupil expenditures for public elementary and secondary education in the United States:  Ã‚  Fiscal year 2005 NOTE:  Classification is based on the unrounded amount. SOURCE:  U.S. Department of Education, National Center for Education Statistics, Common Core of Data (CCD), â€Å"National Public Education Financial Survey (NPEFS),† fiscal year 2005, Version 1a. Figure 2 Federal revenues as a percentage of total revenues for public elementary and secondary education in the United States:  Ã‚  Fiscal year 2005   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It only shows that the government can be guided by these graphs as to how they can prioritize each state.   In this graph it shows that most states in the rural or country side are the ones that need to be focus more, where the importance of support through financial aid are need to be look into, since one of the obvious reason is the capacity of family to send their children to school are always a question.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Just to provide a   better look at the entire figures in terms of table just to have a better look at the need of each regions, and how much they need it, this is the presentation in table format.   (Graphs in Education Finance, n.d.). (See Table 1). Region and revenue source 1990 1991 1992 1993 1994 1995 1996 1997 Northeast                                                    Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0                            Federal 4.6 4.6 5.1 5.4 5.3 4.7 5.0 4.9 State 40.2 40.5 39.5 38.8 38.4 39.0 38.7 38.6 Local property taxes 48.7 48.8 49.2 49.8 50.3 50.0 49.8 49.9 Other local sources 6.5 6.1 6.2 6.0 6.0 6.3 6.5 6.6                            Midwest                                                    Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0                            Federal 5.4 5.5 5.9 6.1 6.0 5.9 5.7 5.7 State 39.6 39.4 37.9 38.5 39.0 45.8 46.7 46.8 Local property taxes 45.0 44.8 46.1 46.6 46.0 39.1 38.6 38.1 Other local sources 10.1 10.3 10.1 8.9 9.0 9.2 9.0 9.3                            South                                                    Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0                            Federal 7.3 7.3 7.8 8.4 8.4 8.0 7.6 7.8 State 49.1 49.5 48.5 48.0 48.0 48.1 49.0 48.9 Local property taxes 27.1 27.3 28.3 21.7 27.6 27.7 27.7 27.9 Other local sources 16.5 15.9 15.5 22.0 15.9 16.2 15.7 15.5                            West                                                    Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0                            Federal 6.8 7.0 7.3 7.7 8.2 8.5 8.1 7.7 State 60.6 60.4 60.7 59.0 55.7 54.9 56.3 58.4 Local property taxes 23.8 23.8 23.8 25.5 28.1 28.2 26.8 25.3 Other local sources 8.8 8.8 8.2 7.9 8.0 8.4 8.8 8.6 See notes at end of table. TABLE 1 Percentage distribution of total revenue for public elementary and secondary education in the United States, by region and revenue source: 1989–90 to 2002–05 Public School Revenue Changes in its Main Sources of Revenues   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It is very common as well that many changes in the public school revenue happen.   This can either brought out by economic changes through implementation of new policies or it can really come from the result of earnings from both the national and local level.   Since it is not only education is the priority of the US government and it needs to strike the balance between other priorities, like labor related requirements, infrastructure and other business and economic requirements which are also vital in the development or progress of the country.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Just to show the exact school year spending per region in the US starting from 1990 to 2004, which would already gives the trend that the country might be using.   (See Figure 3). Figure 3   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In this result the Midwest has experienced decrease because local funding has dropped by 55% percent of all revenue for public elementary and secondary education in 1989–90 to 44 percent in 2003–04. Declines in the proportion of property tax revenue accounted for most of this decrease. For the Northeast it also experienced a drop in the proportion of revenue from local sources. In both regions, there were increases in the proportion of total revenue from federal and state sources. While in year ’03 and ‘04, as in earlier years, the Northeast has depended on a greater degree on property tax revenues than the other regions. The difference in the reliance on property tax revenues between the Northeast and the Midwest was greater in year 2003 and 2004 than in 89 and 90.   (Changes in Sources of Public School Revenue, n.d.). The Impact of Energy Crisis has given Problem to US Public School Spending   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It as during the start of 1990, where US have experienced problems in well allocating funds for public schools and this continues to provide some big problems in the country.   It is only with the help of some private institution and agencies that lift the government obligations in addressing some of these issues.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In many times the Federal Aid, through its loan, grants and work study benefits have given an extra assistance for the many students in the US.   And this has shown by the closed cooperation between the government and private firms, which makes everything possible.   Wit the continuous problem that are happening in the global economy, the immediate reaction of US government in controlling the cause by providing an extra effort of polishing the local and even sometimes if needed national policies also has provided big help in helping the public school financial assistance.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The finding directly comes from examining the direct impact of energy increase on the US public school system and the results where:   On the average, school districts spent $137 per pupil on energy expenditures in fiscal year 00. For fiscal year 01, they budgeted an 11 percent increase, raising their budgets to $152 per pupil. However, actual fiscal years 01 per pupil energy expenditures, at $166 per pupil, were 22 percent higher than in fiscal year 00. The average district experienced a 9 percent shortfall between what it had budgeted for fiscal year 01 and its actual expenditures. The average school district budgeted $176 per pupil for fiscal year 02 energy needs, or a 6 percent increase over what it actually spent in fiscal year 01. This $24 per pupil increase over fiscal year 01 budgeted costs translated into an increase of about $1 billion in expected costs. But, as it was stated earlier there were a lot of efforts made by both the local and national government in addressing the issue, which has provided a good lift for the US public school financing agencies.   And all of this effort is by improving by the facilities, which has given the needed help and assistance.   Like, 39 percent locked in rates with one or more energy vendors, 29 percent participated in consortia that negotiated prices with third-party energy vendors, 12 percent instituted or increased fees to use facilities, and 7 percent closed schools or sent students home early for at least 1 day. In the following fiscal year, it was continued 47 percent of the nation’s districts renovated or retrofitted existing facilities, 44 percent locked in rates, 33 percent participated in consortia, 15 percent instituted or increased fees to use facilities, and 6 percent closed schools or sent students home early for at least 1 day. With this result the government has effectively and efficiently counter act the problem.   (Effects of Energy Needs and Expenditures on U.S. Public Schools, n.d.). Estimation Standards Helps Improve Public School Expenditure   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The US government has also conducted great effort by allowing every state to formulate their own spending estimation, which gives better result since the local government has more accurate data and analysis over their need.   It was the standards are estimated using frontier regression techniques which adjust for the differential levels of efficiency of resource usage across different school districts.   This standard has help a lot for better and almost accurate estimation for the public school spending in each district or state.   (Dopuch, Nicholas & Gupta, Mahendra, n.d.). Conclusion   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In this report it shows how United States has provided its best effort in addressing the issue of public school financing.   This shows that with the help of its earnings that comes from the state as well as other revenues that it generates; it helps public schools in its financial needs.   It also shows that the government has provided its best effort in providing every adjustment to help the agencies in addressing the issue, like in this case the government has effectively improve the energy renovation of most public schools.   But most importantly the importance of Federal Aid, which provides a wide variety of assistance to students who are in need of financial aid, such as grants, work study and loans, which have shown big support for public schools in particular. References    â€Å"Changes in Sources of Public School Revenue.† Education Finance Statistics Center – Institute of Education, US Department of Education. N.d Dopuch, Nicholas & Gupta, Mahendra. (n.d.). â€Å"An Estimation of Standards for Public School Expenditures.† Social Science Research Center.   â€Å"Effects of Energy Needs and Expenditures on U.S. Public Schools.† Education Finance â€Å"Graphs in Education Finance.† Education Finance Statistics Center – National Centre for Educational Statistics – Institute of Education, US Department of Education. â€Å"Public School Finance Act of 1994.† Colorado Department of Education. â€Å"Public School Finance Program of the United States and Canada: 1998-1999.† Education Finance Statistics Center – Institute of Education, US Department of Education. N.d, [Online] Available at: http://nces.ed.gov/edfin/state_finance/StateFinancing.asp â€Å"Revenue Source.† Oregon School Board Association.     Richard, Aronson & Schwartz, Eli. (2004), â€Å"Management Policies in Local Government Finance.† USA: ICMA Publishing â€Å"The Guide to Federal Student Aid 2007-08.† US Department of Education – Federal Student Aid. N.d, [Online] Available at: Thompson, David. (2007). â€Å"United States: Public School Finance.† Accounting and Consultancy. 7 February 2007

Unit 64

Beth Mcpherson Unit 064 Context and Principles for Early Years Provisions. 064. 1. 1 The 4 different principles that the EYFS covers are a unique child, positive relationships, enabling environments and learning development. Every child is a unique child who is constantly learning and can be resilient, capable, confident and self-assured. Practitioners understand and observe each child’s development and learning, assess progress and plans for next steps. They support babies and children to develop a positive sense of their own identity and culture also identify any need for additional support.The practitioner will keep the children safe and value and respect all children and families equally. Children learn to be strong and independent through positive relationships. Positive relationships are warm and loving, and foster a sense of belonging, sensitive and responsive to the children’s needs and families. Supportive of the children’s own efforts and independence a nd also consistent in setting clear boundaries. Stimulating the child and built on key persons relationships in the early year’s settings.Children learn and develop well in enabling environments, in which their experiences respond to their individual needs and there is a strong partnership between practitioners and parents and carers. Enabling environments means valuing all people and value learning they offer stimulating resources, relevant to all the children’s cultures and communities. Rich learning opportunities through play and playful teaching and support for children to take risks and explore. 064. 1. 2 064. 1. 3 064. 3. 1 064. 3. 2 064. 3. 3 064. 3. 4

Laboratory Report of an Experiment on Optical Fibre Transmission Coursework - 1

Laboratory Report of an Experiment on Optical Fibre Transmission - Coursework Example Oscilloscopes are signal analyses that exhibit images of an individual conducting the experiment of signals generally in the form of voltage against time. The users employ pictures removed from the oscilloscope to comprehend the frequency of the graph, the graph amplitude and the entire shape of the graph that will vary basing on what the study intends to find out. Function generators, are also sources of signals whose voltage is set by an individual conducting the study. It runs for a given period. The outcome signals are in rectangular form of sine waves and are employed to govern the other equipment such as a clock to work as a timing signal. Function generators have features whether digital or analogue the digital type that includes: Choosing the type of the waveform. They are generally the sine, triangular and square waves. A means to select frequency of the waveform. Basic rates range between 0.01Hz to 100MHz. The means to select the amplitude for the waveform identified. A minimum of two outputs. The primary output is one where the user is conducting the research finds the waveform that one needs. The second output, being employed in the experiment is the Aux (TTL) which gives a square wave that has a standard of 0 to 5 voltage signal levels. It is what we are using to synchronize the oscilloscope to the variable basic output signal. This experiment also included the use of transmitter. SFH750V transmitter produces 650 nm with the ability of outputting 20 UV of light. The device has a width of 35 nm and needs current, basing on the required intensity, of 10 to 45 mA. The transmitter is a four-pin device and comprises of a LED, glass-bead focusing as well as a threaded chamber into an optical fibre is inserted. The study also needs one to have a receiver. The one that was found useful was a photodiode receiver. It is designed to be

Mechanisms Used in Common Law and Civil Law in Transfer of Syndicated Coursework

Mechanisms Used in Common Law and Civil Law in Transfer of Syndicated Dept - Coursework Example It is also subject to being added upon by legislation from a law making legislature such as parliament. Here previous rulings give guidance on current cases and are referred to. It originated in England and is still used commonly there and in former Great Britain colonies such as Australia, New Zealand Canada and in most countries of the commonwealth. Debt syndication is a situation where many lenders come together to offer credit to an individual entity, a conglomerate, or a government to spread out the debt risk among the participating lenders (called the syndicate) and share in the profits of the debt proportionately under a single syndicated loan agreement. This paper gives an analytical introspection into common and civil law in reference to transfer of syndicated debt. Loan amounts involved in syndicated debts are normally much larger than normal debts, and a default could have serious ramifications on a single lender, hence the need to spread the risk among many lenders. There is a lead borrower known as the ‘agent’ that does most of the administrative work concerning the loan or contributes proportionally larger debts.1 A syndicated loan can be provided as a term loan provision where a specified amount of loan is provided over an agreed time period of time called the ‘term. In addition, the borrower is usually allowed, under the given circumstances, a brief time after the loan availability to withdraw money up to the maximum limit and then repays in installments (amortization) or once at the expiry of the term (bullet payment). The syndicated loan may also be provided as a revolving loan facility where the borrower draws portions of the loan amount for a given period, for instance, within three to six months after which the repayment is due and can draw from the loan facility to repay the outstanding loan. This is a concept which is referred to as rollover loan. A syndicated loan can also be in the form of a general loan where new bor rowers can come into the agreement under specific circumstances and may also combine rollover loans and multiple term loans. This is a concept which is legally defined within the law.2 The borrower usually starts by approaching the lead borrower (agent) who advises the said borrower and contacts other lenders. The agent is the contact person with the borrower and represents the views of the syndicate. The agent also monitors how the borrower meets terms and conditions of the loan agreement. In addition, the agent keeps all records, collects all payments and interest from the borrower, and then pays both members of the syndicate at a fee. After a loan is approved with the requisite legal requirements satisfied, the borrower can then access the loan under the agreed terms. In this case, the borrower may wish to transfer the loan to a third party for a variety of reasons listed in the following part of the discussion. Acquire Capital The borrower may sell its interest in the syndicated loan if it is a long term loan facility to get capital or benefit from new better loan facilities. Reduce or Avoid Loss The borrower may experience difficulties and decide to sell its loan commitment to distressed debt specialists Capital

Contemporary Supply Chain Management and Consultancy management Essay

Contemporary Supply Chain Management and Consultancy management techniques - Essay Example This helps these businesses to achieve maximum efficiency because they worry less about these aspects of business because they focus more on adding value to their customers. In order for a business to reap the benefits of supply chain management, it is important for a business to identify suppliers that are able to deliver value as intended meaning that the process of seeking suppliers has to be a rigorous one. Many businesses have to come to understand the potential that supply chain management (SCM) has to their operations because when implemented effectively can help them in achieving competitive advantage in the markets that they exist in (Monczka, Handfield, Giunipero & Patterson 2015, 349). The concept of SCM has gained popularity because business entities developed a keen eye on delivering quality to the markets they serve and also based on the need to manage the materials that are used in product developed. Also the need to manage logistics as a way of creating value for the customers being served by a business has further propelled the inclusion of SCM as part of business operations. Based on this overview, this essay will focus on influencing understanding and application of appropriate management frameworks that can be essential in the planning and control of goods and services by having the aspects of quality, quantity and cost analysis in mind. Further, the paper will also seek to create an understanding of the tools and techniques that exists that can help in achieving efficiency in the supply chain managerial decision making under supply chain management. In relation to consultancy management techniques, the essay will identify data and information sources that are relevant to the decision making process and also analyze this information so as to support the decision making process. Further, emphasis will be on communicating the

Networking 2 Essay Example | Topics and Well Written Essays - 750 words

Networking 2 - Essay Example This was a big revolutionary change. Information could be shared at extremely rapid rates. It could be said that this was the beginning of the information age. Nowadays we think nothing of transferring massive amounts of information, be they databases or images, across telephone or optical wires. Much of our economy is dependent on these tools. And who looks after all of these apparatuses and functions? The computer networker. The position is becoming more and more important as the field and our reliance on information technology continues to expand. What sort of education is required by someone seeking a career in this exciting field? There are varying degrees of specialization and education, each requiring different amount of time and different kinds of aptitude. People have to know the hardware that they’re dealing with because this can be incredibly important when resolving problems. Another big issue is security. With the huge amount of viruses and worms out there, people need to know how to protect themselves. If you get a job working on the networks in a bank or at the government, for example, security is going to be a major concern because these kinds of institutions rely on confidentiality. Day to day, what do these people do with networks? The key aspect of computer networking is to share resources and to allow computers to communicate—not just from room to room but across oceans and continents. For any viable business in today’s world these are necessary facts of life. Another important thing to do is maintain the system. Computers need to be taken care of. They need updates, they need to be checked out, they need to be replaced when they get old or are no longer functional. All of these fall under the purview of the computer networker. Salary ranges across the field vary depending on the level of responsibility. Some positions play a very important role in designing networks or

Adapting to Changes and Situational Leadership Assignment

Adapting to Changes and Situational Leadership - Assignment Example The researcher further delivered some of the insinuations, findings and study limitations of integrated leadership roles in the public subdivision. One of the strengths presented in the article is increased morale due to better communication whereby the leader needs to constantly remain aware of the needs of his followers. Pauliene (2012) argues that’s successful leaders should examine the ability of employees and communicate effectively. This can enable the leaders to lead the followers successfully; hence enabling them to perform their task effectively. Secondly, situational leaders should develop a positive and sizeable effect on the performance level of the federal agencies; hence achieving success (Fernandez, Cho and Perry, 2010). However, situation leadership creates confusion; thus it is likely to impact the work performance. Lastly, leaders might lose credibility and trustworthiness by their followers; hence poor work performance in the public sectors. One of the examples of that applies to situation leadership is an example of a director that was working in one the HR department in one of the clothes industry in U.S. The director was involved in a situation whereby he was about to leave for a holiday and his task was to be handled by an experienced assistant director. The assistant was very familiar with his responsibilities; thus he was excited to perform the task. However, instead, the director could trust the knowledge and skills of the assistant director; he decided to spend hours drafting a detailed list of work tasks for the assistant director. Therefore, in this situation, the work will be done perfectly, but the director damages a good relationship with the assistant director due to lack of trust and not being confidence towards the assistant director. Therefore, based on Hersey and Blanchard theories, the situation leadership applies to the above example of the director and his assistant. This is because situational leadership according to Hersey and  Blanchard focus on adapting managerial styles vital for meeting the distinct requirements in a given situation (Gong, Jia-Chi, and Jiing-Lih (2009).  

Health and Safety Manager for WoooW company Essay

Health and Safety Manager for WoooW company - Essay Example Since the employee wanted to resume his work, it is my duty to explain to him the dangers that will be faced and to safeguard the health so as not to strain at work. Bradycardia is a condition whereby the heart tends to have a slower beating rate than normal. In a normal adult heart at rest, the beats are usually between 60 and 100 times per minute. However, if an individual suffers from bradycardia, his /her heartbeat is lesser than 60 times in a minute. The condition can be considered a fatal problem in instances where the heart does not propel sufficient oxygen-rich blood throughout the body. However, some individuals do not display any symptoms or complication when suffering from the condition. The condition can be caused by many reasons such as changes in the heart that are the effect of growing old. Besides, illnesses that harm the heart’s electrical system including, heart attacks, infections such as myocarditis and endocarditis as well as coronary artery disease. Another cause includes situations that have a potential in slowing the electrical impulses of the heart such as a low thyroid level also known as hypothyroidism, an electrolyte imbalance ("Equality Act 2010" n.d.). Lastly, a various medication used while treating high blood pressure or heart conditions such as antiarrhythmic, digoxin and beta-blockers can lead to a slowed heartbeat rate. Although some individuals are suffering from the condition exhibit mild to no symptoms at all, a few symptoms are associated with it. The patients usually feel lightheaded or dizzy and have short of breath, which makes them find it difficult to be involved in exercising. Besides, they tend to feel exhausted and experience chest pains or a feeling that their heart is throbbing or flapping. The condition’s treatments include depending on the causes, being given a pacemaker, which assist in correcting a slow

Tell me why Hume believes that Thesis (2) is true Essay

Tell me why Hume believes that Thesis (2) is true - Essay Example As we grow, we gain information about the world around us through our senses. These simple impressions of the world cause corresponding simple ideas. A burning feeling in our finger leads to the simple idea of ‘don’t touch that.’ These simple ideas are gathered as we grow. We may understand not to touch that if we don’t want to feel burning in our finger. We may also understand that hot food comes from that place, that that place is called stove and that stove is only burning if the top is red. These several simple ideas combine together to form complex ideas – don’t touch the top of the stove when it’s red because that means it is hot and will burn our finger. This type of sequential connection of impressions is essentially the evidence of memory. A group of memories, each themselves a collection of impressions, can then combine to create impressions of even more complex concepts which may include ideas of family, education or religion among other things. This is possible because these impressions can also be connected in non-sequential forms that comprise imagination. For example, the earlier memory of the burning stove might be translated into a red spiral skirt placed on a dancer as she twirls about a stage in an energetic dance celebrating summer. Imagination is necessary in order to develop these complex thoughts into complete ideologies by which one might live their life. For example, Hume indicates in this argument that God himself is a complex idea formed from simple ideas caused by simple impressions. Although the idea of God was sufficient proof for Descartes, Hume suggests that this idea does not require or prove that God truly exist. Our impressions, whether they are in the form of simple ideas, memories or imagination, become attached to words that we use to help us recall these impressions. However, these thoughts are always qualified with specific

Human Resource Specialist and the Human Resource Generalist Research Paper

Human Resource Specialist and the Human Resource Generalist - Research Paper Example Furthermore, two articles will be leveraged as a means of analyzing both career past and determining whether or not one particular career path might be viewed as superior to another. It is the further hope of this particular author that such a level of discussion will provide the reader with a more informed and actionable understanding concerning the differentials between these two career paths and means by which human resources professionals seek to leverage change can promote organizational integrity within whatever firm/business/organization they are employed future. The first article that was analyzed, entitled, â€Å"The Activity Of Human Resources Specialists† denotes that the HR specialist is the individual that is generally employed in medium to large enterprises and focuses upon specific details of the employee-employer relationship. As such, the article points to the fact that the specialist is not as involved in the â€Å"big picture† as compared to the generalist; a concern that they authors note as sufficient to encourage many individuals that might be easily bored by the tedium of a daily focus upon small details should avoid (Magdoiu et al. 129). However, for those that appreciate the benefits of working at a larger enterprise and specifically addressing the details of the employer-employee relationship on a daily basis, the career path offers a litany of benefits. Additionally, those the article notes that those individuals that focus their career as an HR specialist tend to have job opportunities over time; as HR spec ialists tend to be in higher demand as compared to HR generalists.   

Breakfast at Tiffanys Essay Example for Free

Breakfast at Tiffanys Essay The movie begins appropriately with the lead Holly Goligthly having breakfast outside of Tiffany’s in New York and already that sets the tone of the whole movie. She’s dressed in a black Givenchy dress and her hair resembles something of a pineapple. She is looking in to the store and we see her perfectly polished reflection in the well-polished windows. Appropriately I say, since the title says just that, Breakfast at Tiffany’s. Even though is seems unimportant, just a title, Tiffany’s plays a central role throughout the movie but not just as a location for several of the scenes. It represents everything Holly wants and doesn’t seem able to get or allow herself to want. Holly as a character is a very intriguing creature. Her quirkiness and seemingly free-spirit leaves me wanting to emulate her, doing my hair and make-up in the same way and act like she does. It’s not until the middle of the movie when I realize that under that perfect exterior lays a very broken and confused spirit. The ideas of the perfect and glamorous feel of Tiffany’s are nouns Holly tries to apply to herself. The presumed shallowness of the sales people and the expensive merchandise makes me understand that for her, money and the played identity of Holly Golightly, controls her life. It leaves me with a sense of longing to understand this complex personality and question was lies beneath the surface. It becomes clearer throughout the film that even though it seems very shallow there is a compassion and depth to Holly and so also to Tiffany’s. One of my favorite scenes that clearly represent this is when Holly and Paul Varjak spend a day doing things they have never done before and end up at Tiffany’s. Due to the censorship of the time, the movie was released in 1961, it is never outspoken, but definitely clear what lengths both Holly and Paul, will go for money. In this scene money is not the focus, and the ring from the Kracker Jacks becomes a representation of the humanity in not only Holly but Tiffany’s and even the city of New York. Every decision the director has made in this film is very carefully selected, and even though the details are very subtle at first glance, they all support the idea I believe the film is trying to portray. New York as the big, glamorous city where wealth and beauty seem like a commodity. The belief that anybody can pretend to be what they want, or in Holly’s case, hide what they are. Every detail becomes important. Holly dressing almost exclusively in black but when she thinks she has finally gotten what she want, knits a red dress. Her empty apartment that in that same moment gets decorated and the only reason we know it’s not real is because the cat still has no name. There are so many different layers to this film and I guess that is why it has become a classic. Every time you see it you discover new details or change your mind about the mysterious and ever changing Holly.

The Role Of Health Ngos Health And Social Care Essay

The Role Of Health Ngos Health And Social Care Essay Health care in Nigeria is structured along, and administered through the universal three tiers: the primary level run by the local government, the secondary by the state and the tertiary by the federal government (FMOH 2005). The contribution of Nigerias health sector to the national economy remains poorly defined, and as a result Nigeria was ranked a dismal 187th position among the 191 United Nation member state (WHO 2000).Health care facilities are inadequate in Nigeria (Yohesor 2009) and this includes health centres, personnel and medical equipment. Moreso, the state of existing facilities is often deplorable due to lack of maintenance. As Lee states: A health care system is an organizational framework for the distribution or servicing of the health care needs of a given community. It is a fairly complex system of inter-related elements that contribute to the health of people-in their homes, educational institutions, in work places, the public (social or recreational) and the psychological environments as well as the directly health and health-related sectors. (Lee 2009: 1). However, with the many social and infrastructural problems confronting the country is the pursuit of the politically attractive tertiary health care which, arguably, has remained the only attractive area of the health system, to the detriment of other levels of care. The neglect of Nigerias health care, with special reference to the primary health care system, its maldistribution, will result in an inverted health care pyramid. By implication, rather than produce health for the people, would always have the threat to collapse on itself. According to Asuzu (2003), Nigerias health care system has experienced past reforms, ranging from the traditional health care system that existed in the individual Nigerian communities and the ethnic groups before the era of colonization till date. Though Nigerias health care system is geared towards ensuring availability and accessibility of health care by Nigerians, yet the nations health care remains a major concern. On the other hand, health care reform is the process of improving the performance of existing systems of assuming efficient and equitable responses to future changes. It has also been defined as sustainable, purposeful change aimed at improving the health sector; health care reform is initiated by public or political action, is motivated by dissatisfaction caused by the failure to deliver outcomes and implemented on a sector wide level (Berman 1995). This presupposes that reforms might address the problems of poor quality of care, inefficiencies in the delivery of services, inequalities and limited access to health, level of accountability and insufficient responsiveness to client needs. Globally, it would seem Non-governmental Organizations have undertaken a wide range of functions, including but not limited to, humanitarian assistance, developmental aid, and promotion of human rights and lobbying to protect the environment. In other words, the role of non-governmental (NGOs) might have been seen to expand. Capturing the essence of health NGOs, Gilson states: †¦..humanitarian assistance is assistance given to meet the challenges of a humanitarian crisis, almost always includes provision of some type of healthcare, be it preventive action (such as providing shelter, clean water and sanitary facilities, immunization against epidemics) or management of emergencies (such as injuries from a disaster). Arguably, Nigeria is currently undergoing health sector reform aimed at achieving improved efficiencies in resource utilization, improved quality of health services as well as greater equity of access to health services. Jong-Chan (2002) asserts that given the strong influence they possess, NGOs remain the only sector that can empower the public to demand a stable national health program; NGOs should bring their experiences in health care reform to bear in order to strengthen their unique position in the health care system, independent of both governmental dominance and medical autonomy. In the light of the above assertion, it would seem Non-governmental organizations (NGOs) have always been in the forefront of advancing novel ideas, and in encouraging and supporting governments to implement them. At a simple level, NGOs generally represent the voice of the people at all levels- local, national and international, and have taken on roles such as advocacy, education and training (Ogunbekun, 2004:3), and have been active in monitoring and improving what has, or has not, been implemented or achieved. For example, NGOs have been in the front burner in promoting, developing and improving a comprehensive and holistic approach to health care services. For change to happen, it would be necessary to collaborate with the relevant stakeholders in the health sector, whether they work in government, in administration, or as providers of the necessary services, to bring about needed change and improvement; also to ensure the people understand and support the changes which need to be made (Lorgen, 1998). Moreso, health professional associations might be effective in working with health NGOs in improving health care delivery. Often, they seek the advice of health professionals regarding issues around health care, essentially because they know that medical ethics require physicians to provide objective advice on health issues, in the best interests of their patients (Pfeiffer 2003). Health NGOs, together with health professionals, might also employ the skills and experiences that NGOs have garnered in putting information and messages across to the public in such a way that the public is able to understand and this will be necessary in improving health care. The role or value of NGOs in advancing health is hinged on three premises, emerging from the research endeavour of George Washington Universitys Centre for international Health: Individual health and communities socio-economic development are intrinsically linked; Well targeted health promotion activities can contribute not only to better health but can also enhance an individuals social well-being ; Local NGOs whose members are responsive to the communities they serve, are more likely to provide this linkage through fostering community empowerment. Many NGOs are involved in training programmes which is a role they seem to have undertaken at all levels. Therefore, they are well-positioned to assist the relevant government departments in bringing about changes and improvement in health care system (Gilson 2003). It would follow that NGOs should be invited by governments to assist as partners in creation of awareness, mobilization and development of training programmes on health care reforms. Also, health NGOs seem to have the capacity to empower communities to act on their own behalf, equipping people to improve the social and physical environments conducive for healthy lifestyles, and of health advocacy to enable policy makers to recognize and appreciate the necessity for improvements in health care conditions (Starfield 2011). Following the policy statement of World Health Organizations 1978 Alma Ata Conference, also known as the Alma Ata Declaration, which proposed that primary health care (PHC) be adopted for health planning and delivery, emphasizing on equity in health, disease prevention, and a comprehensive strategy to promote individual and community health (Rodriguez 2001), a health education strategy might suggest that within a socio-political context, health education aims to increase individuals consciousness of his or her health status, and the causes and determinants of that status, thereby increasing the possibility for positive action. As Asuzu (2003) points out †¦ NGOS act as catalyst by encouraging the various departments concerned with health to become actively involved in reform exercises†¦ This would be effective if different NGOs work in synergy. For instance, in addition to health NGOs, there is involvement of other relevant NGOs such as womens NGOs that concentrate on activities to improve the status of women and development NGOs whose centre of interest or activity is particularly on issues around development. Health NGOs, arguably, are dependent on their mandate or project charter which is in tandem with the overall programmes of a health care system within which they operate. According to Ohanyido (2012), the roles of health NGOs are summarized below: †¢ work to ensure that the health services are efficient, effective, and accessible. †¢ work within the health system to ensure that the number of well-trained staff is available through capacity- building or advocacy to government etc. †¢ help ensure that the health information system is able to generate useful data on health determinants and health system performance, and also avoid creating parallel systems †¢ work with all stakeholders to ensure that there is access to medicines, vaccines, and medical technologies in an equitable fashion. †¢ strengthen health financing systems by exploring funding sources and advocating to stakeholders to raise adequate funds for health, and ensuring that people can access affordable services. †¢ strengthen the system by ensuring that the Leadership must guarantee effective oversight, regulation, and accountability. Nonetheless, in order to work efficiently and effectively in improving health care system, health NGOs themselves must also be found to be accountable, transparent, and seem to be representing the interests of the people.

Diamond Gems And Jewellery Industry Commerce Essay

Diamond Gems And Jewellery Industry Commerce Essay The Indian Gem and Jewellery sector is one of the most active and fast upward sectors of the Indian Economy. The gems and jewellery sector in India is unroganised and disjointed. Around 90% of the players operate in the unorganized sector. This was a single step in an industry where traditional business environment exists. The companys operations are general in scope and global in spread cover all facets of diamond and jewellery manufacture and trading in rough and polished stones, at all key locations worldwide. The Indian gems and jewellery sector is pre-dominently needy on the US markets, which is its top export target. This research comprised of activities like listing down various agencies like manufacturers, distributors, etc and also chambers and libraries like the Indian business chambers and network with them in order to gather first hand information. Diamond jewellery is increasingly serving as a fashion statement for the rich to differentiate themselves from others wearing traditional jewellery gold jewellery. The macro environment includes all relevant focus outside a companys limits applicable in thesense that they are important enough to have brought on the decision. An industry finally makes about its business model and  strategy. Gems and Jewellery is an important rising sector in the Indian Economy. Ranked among the fastest growing sectors, it is also a leading sector for foreign exchange generation. The gems and jewellery industry is very much interesting being usually exciting and originally modern. This business employees and engages millions; cover wide activities such as raw material procurement from far flung Africa, Australia, Canada and Russia, and transforming these into products in demand with the skills available in China, India, Italy and Turkey for the trendy markets in the USA, Europe, Far East, Middle East and Asia. TABLE OF CONTENT Preface 4 Acknowledgement 5 Executive summary 6 Sr. No. Particular Pg no. 1 Growth and evolution of diamond, gems and jewellery industry in India. 8 2 Product profile 9 3 Demand determination of the industry 12 4 Players in the diamond, gems and jewellery industry 13 5 Distribution channel in the industry sector 16 6 Key issues and current trends 20 7 PESTEL analysis 23 Growth and evolution of diamond, gems, and jewellery industry The Indian Gem Jewellery sector is one of the most active and fast growing sectors of the Indian Economy. The fact that India is the worlds largest source for trained, skilled and adaptive manpower along with liberalised government policies that provide a helpful environment for joint businesses, is what contributes to the continuous growth of this sector. causal around 19% to the overall Forex kitty of the country, the industrys growth over the years, Set-up in 1966, the GJEPC has over the years effectively moulded the increase efforts of individual exporters to make the gem and jewellery sector a powerful engine driving Indias export-led growth. This height body of the gem jewellery industry has played a major role in the evolution of the Indian gem and jewellery industry to its present stature. From being the worlds largest manufacturer of cut and polished diamonds to becoming the leading international trading center, Indias gems and jewellery sector is now set on a growth way. The exports grew by 38% to $14,329.23 million for January-December 2004 period as compared to $10,392.83 million in the related period the last year. GJEPC aims to boost exports of gems and jewellery to US $20 billion by 2007 and develop India as the only one-stop-shop for gems and jewellery. Also, on the anvil is the Bharat Diamond Bourse, one of the largest monoliths ever to be built in Asia. The Bharat Diamond Bourse is an urban conglomerate of place, people and activities pertaining to diamond trading. Built to provide world-class facilities to the members of the Indian diamond community, the compound aims to enhance the already largest position of the Indian diamond industry in the world market PRODUCT PROFILE GILI Gili jewellery is high quality, fine finished, machine-made, branded, diamond-studded, designer jewellery including pendants, earrings, rings and bracelets in 18k gold studded with small, well-cut, good quality diamonds, as matching sets or by themselves. The average sale price is around Rs.15, 000. Brand Values Gilis brand values are genuine diamond and gold jewellery at reasonable prices. The Brand personality is difficult, animated, competent, confident, extrovert, self made, successful and reliable. Noteworthy Gili was the brand that in India important Valentines Day to the date from it being just another date on the calendar. First jewellery brand from India to participate in Basel 2000, the Worlds biggest jewellery and watches show held in Switzerland. In September 2011, M/s Brand Finance PLC (UK) valued Gili at rs 1018 crores. Nakshatra Nakshatra is a circular cluster comprised six to nine stones, with the central stone larger than the stones close it, signifying a constellation. It is a modern, fashionable rendition of the traditional seven-stone Thodu and the Kuda Jodi jewellery, which are traditional Indian floral designs. The combination of traditional charisma and current style helped it gain acceptance with women across age groups. Brand Values Overt Nakshatra brand values include beauty, radiance, class, elegance and quality. Amongst the symbolic values are femininity, celestial splend our and unknown. Each design is a stylized interpretation of the basic traditional kudajodi which is believed to be positive, showering the wearer with blessings and good luck. Noteworthy The Nakshatra design is the only one to have general appeal amongst women across India. The diamonds used to make up the Nakshatra cluster were formed over 800 million years ago. In September 2011, M/s Brand Finance PLC (UK) valued Nakshatra at Rs. 1,014 crores. ASMI The design styling for the Asmi jewellery has always been that of wavy forms around a central rock of and above 5 points. It rightly personifies the woman of today and her inner fire. Asmi has under its support a range of typical, current yet reasonable designs in diamond jewellery. Brand Values From the outset, Asmi has aimed to fulfil every womans natural need for self-expression, and has lauded the Indian womans middle fire. Asmi is a brand that is for the woman of will, commemorating her success and inspiring her to achieve higher goals. It is an expression of the power of femaleness, indication of self-confidence, feelings and the middle spirit of a woman. The brand is also promoted as one that offers validity, Affordability expediency. Noteworthy A particular annual promotional event has always been organized on Womans Day, as the most suitable occasion to support and repeat the values and identity of the brand. In 2009, in association with FICCI Ladies Organisation, and an NGO- Fight Back, Asmi launched its Shakti Torch movement on the event of Womens Day 2009, to combat the problem of domestic violence in India. In September 2011, M/s Brand Finance PLC (UK) valued Asmi at Rs. 406 crores DDAMAS Ddamas has several sub-brands, each single in positioning gift. The brand also has items in all categories-rings, earrings, nose pins, pendants, bangles, bracelets, necklaces, Tanmanya, Mangalsutra, half sets and full sets. Each sub-brand under Ddamas offers stylized and fashionable designs, conceptualized and produced by an in-house team of award winning designers. Ddamas is perhaps the only jewellery brand that has offerings in virtually all product categories, across all price points, for all occasions and emotions, thus covering consumers across age-groups and demographic classes. Brand Values Ddamas embodies luxury and high aspiration, bestowing on the wearer an aura of exclusivity and modification. The vast variety of associated brands allows every customer a choice of jewellery to mirror her personality, tastes and to suit every time. There is gold and diamond studded jewellery matching various lifestyles, occasions and price points that cater to diverse customers. Ddamas is committed to the highest levels of customer satisfaction. Every piece of jewellery comes with a special certificate of validity that assures of both the diamond and the gold content in the piece. Ddamas jewellery is fully hallmarked and accompanied with a diamond certificate from IGI. Noteworthy Best Jewellery Designs- JCK and Vivah a Gold Jewellery In September 2011, M/s Brand Finance PLC (UK) valued Ddamas at Rs. 331 crores. Demand driver of diamond jewellery The demand drivers for the diamond processing and jewellery sector are as below: à ¢Ã¢â€š ¬Ã‚ ¢ Increasing acceptability of diamond jewellery in the domestic market: Traditionally, jewellery in India has mainly been gold jewellery. Diamond jewellery is lesser accepted in India due to factors such as myths associated with diamonds being unlucky in certain instances and the higher cost of diamonds. This is now changing with an increased acceptance of diamond jewellery in the domestic market. à ¢Ã¢â€š ¬Ã‚ ¢ Diamond as a fashion statement for the affluent: Diamond jewellery is increasingly serving as a method statement for the rich to differentiate themselves from others wearing traditional jewellery/gold jewellery. à ¢Ã¢â€š ¬Ã‚ ¢ Increasing affordability: Employment of women in the workforce has been increasing due to the changing mindsets and increasing education levels among women. This has resulted in women having more impact on the purchase decisions; and women having also started purchasing jewellery for themselves as against earlier trends of jewellery purchase being primarily a family decision. Increased disposable income for working couples and lifestyle changes have aided this. à ¢Ã¢â€š ¬Ã‚ ¢ Exports as a driver: As seen earlier, exports have been growing year-on-year and the 5 year CAGR (2002-03 to 2007-08) is about 13%. India currently produces around 95% of the worlds cut and polished diamond pieces. By carat weight, India is projected to process 80% Demand Drivers of à ¢Ã¢â€š ¬Ã‚ ¢ Value addition from processing to jewellery: Though India processes a large number of Diamonds; most of them are re-exported after polishing. There exists scope to increase value addition through setting into jewellery (jewellery manufacture). MAJOR PLAYERS à ¢Ã¢â€š ¬Ã‚ ¢ Gitanjali Group: The Gitanjali Group was founded as a single company cutting and polishing diamonds for the jewellery operate at Surat, Gujarat, in 1966. It has become a found among major diamond and jewellery houses. The Group has dumped jewellery trade convention by launching multiple brands for multiple markets and price segments brands include Nakshatra, Ddamas, Collection, Asmi, Sangini and Gili. It opened up distribution via superstores, department stores and other retail outlets at MRP, supported by international certifications of in principle tested clarity and validity, across India and in the worlds jewellery capitals. Operations of the Gitanjali Group span the world, all the way from USA, UK, Belgium, Italy and the Middle East to Thailand, South East Asia China, and Japan. à ¢Ã¢â€š ¬Ã‚ ¢ Su-Raj Diamonds Jewellery Ltd.: Su-Raj is resulting from contraction of two names viz. Suresh and Rajnikant, the founders of Su-Raj Group in the early Sixties. The company on hand its shares to the public in the year 1986 and became the first company in the industry to opt for public issue in India. This was a single step in an industry where traditional business environment exists. The companys operations are universal in scope and global in increase top all facets of diamond and jewellery manufacture and trading in rough and polished stones, at all key locations universal. à ¢Ã¢â€š ¬Ã‚ ¢ Suashish Diamonds Ltd.: Suashish Diamonds Ltd was incorporated in October 1988. Suashish is single in the diamond industry as it is one of the few players that have activities across value chain there by retaining higher margins. Its business activities include sourcing ofrough diamonds to selling finished diamond jewellery through its retail jewellery brand Ishis. Suashish has employed cutting border technology throughout its diamond and jewellery manufacturing processes. It has subsidiaries and intentional partnerships in all major markets. à ¢Ã¢â€š ¬Ã‚ ¢ Shrenuj Co. Ltd.: Shrenuj Company Limited and its subsidiaries take on in the manufacture and sale of diamonds and jewellery in India and internationally. The company operates in two segments, Diamonds and Jewellery. The Diamonds segment engages in cutting and polishing of diamonds. This segment offers polished diamonds in full cut and single cut rounds, as well as in fancy shapes, such as princess, baguettes, marquise, pear, oval, emerald, and heart in various colours and clarities. The Jewellery segment provides diamond Human Resource and Skill Requirements in the Gems and Jewellery Industry studded gold/platinum jewellery. The company was founded in 1906, is based in Mumbai, India and employs about 3,000 employees. à ¢Ã¢â€š ¬Ã‚ ¢ Tanishq: Tanishq is one of Indias principal jewellery brands. Started in 1995, Tanishq is the jewellery business of Titan Industries Ltd promoted by the TATA group. Tanishq has set up production and sourcing bases with through research of the jewellery crafts of India. Tanishq today is Indias most aspirational fine jewellery brand with 91 stores in 64 cities, with an exquisite range of gold jewellery studded with diamonds or coloured gems and a wide range of equally amazing jewellery in 22Kt pure gold. Exquisite platinum jewellery is also part of the product range diamond Gems and Jewellery Gitanjali Group Shrenuj Company Suraj Diamonds and Jewellery Limited Rajesh Exports Asian Star Titan Industries (Tanishq into sell), Bangalore Suashish Diamond Rosy Blue B. Vijaykumar Laxmi Diamond K Girdharilal C. Mehendra Exports J.B Brothers Tara Ultimo Vaibhav Gems, Jaipur Sheetal Manufacturing Major players Companies Market cap (rs in crore) Shree Gan. Jew 720 Goldiam intl. 75 SRS 589 Thangamayil jew. 434 Renaissance jew. 135 Shrenuj co 489 C.mahendra exp 476 Gitanjali gems 4479 Titan inds 27184 Rajesh exports 3719 Goenka diamond 921 Tbz 1813 Classic diamond 16 Kanani inds. 360 Winsome diamonds 346 Vaibhav global 278 Key Issues of the Sector Unorganised Sector The gems and jewellery sector in India is unorganised and opening. Around 90% of the players operate in the unorganised sector mostly in family-run operations. The nature of the sector prevents it from achieving economies of scale. Also, being largely unorganised, the sector mainly uses labour-intensive and original technology that affects their growth projection. Further, the sector finds it difficult to add to their global competitiveness due to difficulties in adopting technology as a result of poor financial capital and high labour costs per unit. Threat from China Currently, China is the second-largest diamond processing centre in the world after India; however, it is slowly communicable up and is bullying to displace the Indian gems and jewellery sector from its dominant position in the world. The labour cost in China is the lowest, just like in India; however, the gap between the two countries is narrowing slowly. Besides, the Chinese economy is growing fast and is creating a demand for gems and jewellery in the domestic market. Further, many diamond manufacturers from Belgium and Israel are setting up manufacturing plants in China. India also faces risk from China in terms of knowledge adoption, which allows China to process diamonds at a more competitive price. Predominance of the US market The Indian gems and jewellery sector is pre-dominently dependent on the US market, which is its top export destination. The growth of gems and jewellery sector is closely dependent on the growth of demand in the US market. However, the recent appreciation of the rupee in relation to the US dollar and a slowdown of the US economy have forced the concerns for the sector. All these factors need Indias venture into other geographical locations. During FY07, the exports to the US market registered a growth of 14% over exports of FY06; however, owing to the slowdown in the US economy, the exports grew only 1.15% in FY08 over the previous year. In the current situation the heavy dependence on the US market has affected the exporters as they are facing a drop in orders and delayed payments. Exchange Rate/Currency Risk The gems and jewellery sector is affect by the rupee/dollar exchange rate because it is export-oriented. Any instability in the exchange rates affects the margins of the players. For instance, the recent approval in the rupee against the dollar had made the exports of gems and jewellery less competitive in its key export destinations. High Level of Inventories As the gems and jewellery sector is highly dependent on imports for its raw materials, the players have to maintain a high level of inventory. However, maintaining this inventory becomes difficult for the players during the drooping season, as it carries inventory price risk. For instance, due to the current recessionary trends, the demand drooping and inventory piled up much to the chagrin of the players. Decreasing Diamond Reserves The supply of rough diamonds is likely to fall in the near future as the diamond reserves are decreasing. There has been no major diamond keep discovery since 2003, when assets were last discovered in the Diavik Diamond Mine in Canada. The complete supply will push up the prices of rough diamonds, which will further put pressure on margins. Future supply levels are largely needy on the industrys ability to identify new diamond deposits. Competition from Other Luxury Goods With the increase in disposable income and the change in standard of living, the demand for luxury goods such as perfumes, consumer electronics, leather, automobile, gadgets etc are also increasing. The gems and jewellery sector is experience competition from these luxury goods, which is eating into the market share of the division. Beneficiation in Mining Countries India is facing a threat from the emerging cutting and polishing centres in the diamond-producing countries such as South Africa, Ghana, Angola, Botswana, Namibia etc. The local government is increasingly pressurising the African countries for processing locally-mined materials such as diamonds within the country itself to increase earnings through value addition to the vast natural resources that these countries possess. South Africa has launched a draft Beneficiation Strategy for the minerals industry of South Africa in March 2009. The newly-formed African Diamond Producers Association (ADPA) is advocating establishing a joint policy that would support beneficiation across Africa. This could lead to fewer rough goods being made available on the open market and in creating a threat to the existing diamond processing centres such as India, as new processing centres comes up. Global Economic Slowdown The global economic slowdown has hit the Indian gems and jewellery division hard. As the sector was primarily dependent on exports to the US and European countries, the meltdown in these countries affected the gems and jewellery sector to a great extent. The players faced issues relating to inventory build-up and liquidity pressure. A number of diamond units in Gujarat were shut down that render thousands of workers jobless. Further, the bank finance, which was largely in dollar terms, also faced a delay due to foreign exchange rate fluctuations. This further added to the woes of the players who were full to come out of the global depression. Even though the sector is in the recovery mode, owing to a gradual recovery of global markets, the credit cycle of the sector has changed severely. The delayed payments from customers have raised the interest outflows for the companies. Synthetic Diamonds The sector also faces a face in the form of integration of artificial or man-made diamonds. With the start of technology, it is difficult to discriminate between natural and synthetic diamonds. It may so happen that the imitation diamonds are accepted on as real diamonds and in the long run, this could affect the authority of the sector. Further, as unreal diamonds are much cheaper and identical to the synthetic diamonds, these diamonds may find customers that is a reserve to the natural diamond and may finish positive eating into the market share of the diamond industry. Issue of difference Diamonds India is the largest importer of rough diamonds and a leading player in cutting and polishing of the same, therefore, it runs the risk of dealing with conflict diamonds. Conflict diamonds are those that are mined illegally in African countries such as Angola, Liberia, Sierra Leone and the Democratic nation of Congo to fund illegal military wars. In spite of the KP certification, there an issue related to fake KP certificate. These fake certificates put diamond importing countries at a risk of dealing in variance diamonds. Opportunities for the Sector Entering New Markets The US has been the major market for Indian gems and jewellery sector over the years. However, with the current global delay, the dependence on the US market has unnatural the Indian gems and jewellery sector tremendously. The sector is exploring new locations to vary business and to minimise the risk. Russia, Middle East and China are few of the rising destinations that are witnessing an increase in jewellery demand. The Indian gems and jewellery players can tap these countries to diversify and increase their business. Cutting and Polishing of Large-Sized Diamonds India is one of the leading diamond processing centers of the world. Indias vast, low cost and very skilled workforce provides it with a competitive edge over other countries. However, it is largely involved in cutting and polishing of small-sized diamonds, which weigh less than one carat. Indias cut and polished diamond exports have a high universal share in terms of number of pieces; however, in terms of value the share is much lower. By moving up the value chain and processing larger stones India can further increase its value share in total exports. Large diamonds are less generally set up in nature. Therefore, the price of a diamond rises exponentially with its size. Indian exporters who have authority in processing of small stones have already started moving into cutting of large and medium size stones. For moving up the value chain, the industry should try forward and backward integration. Hence strategic alliances with producers of roughs and retailers of jewellery could lead to higher market share. Given Indias low cost and skill labours, there exists an chance for processing large stones, which will provide the players with higher margins as well as rise in realisations on capex. Value Addition There exists a huge chance for Indian players to do value addition to the processed diamonds and to export diamond studded jewellery. India is already a leader in processing small-sized diamonds and it also has natural capabilities of manufacturing hand-crafted jewellery. Further, with its dominance in processing small diamonds, India has an advantage of manufacturing reasonable diamond jewellery for the world market. Jewellery Retail The Indian retail sector is increasing fast. This provides an excellent chance for the Indian players to manufacture and sell their jewellery through the retail channels that are fast catching up in the Indian markets. Further, this move will also provide an organised structure to the largely unorganised gems and jewellery sector and lead to further growth of the sector. Outsourcing core India can become an outsourcing hub for design and manufacturing jewellery. There is an increased trend of outsourcing design with manufacturing of jewellery from India by global retail players such as Wal-mart and JC Penny. The players in the area can tap this opportunity to expand business, reduce risk and increase revenues. View point The vision for the gem and jewellery sector is positive. On account of the global recovery, the Indian gems and jewellery sector is also on a recovery mode. In December 2009, the exports from the sector grow by 45.35% as compared with the same period in 2008. According to GJEPC, the players received good orders for Christmas in 2009, which indicates a slow recovery for the sector. The positive trend is expected to continue, as major economies are showing signs of recovery, which is resulting in fresh orders for the sector. Further, the gems and jewellery sector is also expected to grow in the domestic market, going forward. As the per capita consumption of jewellery is low in India, there exists an attractive opportunity to tap the domestic market. ANALYSIS EVALUATION OF DISTRIBUTION CHANNELS IN VARIOUS SECTORS The project involved analyzing and evaluating distribution channels of various companies belonging to sector. 1. Precious and semi precious stones, 2. White goods, 3. Cement, 4. FMCG Methodology: This research comprised of activities like listing down various agencies like manufacturers, distributors, etc and also chambers and libraries like the Indian merchant chambers and interacting with them in order to collect first hand information. PRECIOUS AND SEMI PRECIOUS STONES The Indian Gems and Jewellery industry is an age old industry and comprises mainly of two types of markets, viz the controlled sector and the unorganized sector. The organized sector with celebrated jewelers, Public Sector Units (PSUs), etc forms only 10% of the precious and semi-precious stones market, whereas, the unorganized sector forms 90% of the gems and jewellery market in India. The unorganized sector employs around 1.5 million workers serving over 0.1 million gold jewelers and over 8000 diamond jewelers. Precious and semi-precious stones industry is a main earner of foreign exchange. This sector contributes around 17% of Indias exports. The bulk of the Indian gems and jewellery exports comprise imports of rough diamonds, cutting and polishing in India, and re-exports. Cut and Polished Diamonds (CPD) and gold Jewellery account for nearly 95% of Indias gems and jewellery exports. India is the worlds leading diamond cutting and polishing center, accounting for 53% share of the global polished diamond market in terms of value. India imports gold from South Africa, Switzerland, Australia, Hong Kong and UAE. The domestic consumption of diamonds have been 626.9 crores in 2001-02 to 483.4 crores in02-03 and reached and all time high of 1771.3 crores in 2003-04 and the trend has continued in 2004-05 as well. The market size has also witness a rise of around 10% in 2003-04 over 2002-03. The value of domestic sales has been 7200 crores, 7400 crores and 7650 crores in 01-02, 02-03 03-04 respectively. Exports of cut and polished diamonds has been 5892, 7385 and 8240 million dollars in 01- 02, 02-03 03-04 respectively, whereas, exports of Jewellery studded with diamonds has been 553, 719 and 934 million dollars in 01-02, 02-03 03-04 respectively. Consumer Demographics Buying Patterns of Indian Consumers There is a very high consumption in the western and the northern markets of India, viz, Mumbai and New Delhi, New Delhi being the head. In India, the purchase of Jewellery is quite regular and occasion driven. There is a higher consumption during festivals like Diwali, Dassera, Ganesh Chaturthi, etc. and also during the marriage season, which is spread from November to March. Mechanics of Distribution Channels of Sector Since precious and semi precious stones industry is divided into organized and unorganized sector, the mechanics of the distribution channels of the players belonging to these sectors has also been different. Nationally, the branded jewelers of the organized sector cater to the consumers via a 1 or a 2 level supply chain which comprise of either only franchise retail outlets and other retails or wholesalers and then retailers. The players of the unorganized sector, on the other hand, either plainly sell their manufactured products to retailers or have branch offices in cities where the products are transferred and sold to end consumers or to retailers in the particular city. Web: www.beemanagement.com Email: [emailprotected] Web: www.astrategies.com Email: [emailprotected] December 2005 Copyright  © 2005 Bee Management Consultancy Pvt. Ltd. 2 Raw diamonds and other Jewellery is imported from sources, manufactured and polished here and either shipped or transported by air to the final destination In exported countries the products are either transferred to retailers who are clients or to branch office who in turn sell it to the retailers. Whether domestic sales or exports overall, the levels of mediators in the gems and Jewellery industry do not really exceed 2 to 3 levels. This report contains detailed analysis of renowned Gems and Jewellery companies. The PESTEL analysis The macro environment includes all relevant focus outside a companys margins relevant in thesense that they are important enough to have brought on the decision. A business finally makes about its business model and  strategy.   Companys strategy may be needed for answer it. Micro environment includes all general force that does not directly  touch on  the short  run activities  of the  organization but  that can  and  often  does,  in dulgenceits also ran decisions. Political Factors:- The Government of India (GoI) has been working to develop the Diamond industry in India through several initiatives but under the purview of Diamond industry. The main political factors are as follows. à ¢Ã¢â€š ¬Ã‚ ¢Excise duty: In the budget of year 2008-09 government decrease excise duty from 10% to 5% on cut and polished diamond units. à ¢Ã¢â€š ¬Ã‚ ¢Marketing  and  control  orders:  Import  of  rough  diamonds  illegal  by  the Jewellry  export Promotion Councils .The Council provides market information to its members about foreign trade inquiries, trade and tariff regulations, rates of import duties, and information about Diamond fair and exhibitions. à ¢Ã¢â€š ¬Ã‚ ¢FDI approva

My Favorite Seasons: Summer and Winter Essay example -- Personal Narrat

If I had to choose my favorite season it would be a very difficult choice. All four seasons are unique in their own special way, such as the climate, scenery, and activities. Although I enjoy the warmer months of summer, I also enjoy the cooler months of winter. In a sense, I have narrowed my favorite seasons down to two; summer and winter. The biggest difference between summer and winter is the climate. One of the main attractions of summer is the warm weather. I like being outside on a bright sunny day, and letting the sun warm my body. I also like that we get an occasional thunder storm. The excitement fills the air when I see the thunder clouds rolling in. The sound of thunder, and the lighting shows that come from the storms are fascinating. On the other hand winter i...

Characteristics of an Exceptional Manager :: MBA College Admissions Essays

Characteristics of an Exceptional Manager    Describe the characteristics of an exceptional manager. Illustrate how his or her management style has influenced you.    In management consulting, strong analytical skills are valued as much as, if not more than, effective managerial and leadership skills. Unfortunately, for some consultants, these characteristics, at times, are mutually exclusive. I was fortunate, however, to work with [name] on my first major project at [consulting firm]. As my project-manager, he demonstrated a superior combination of leadership, managerial, and communication skills. As a result of our interaction, I learned several important lessons and tools that I used on subsequent projects to improve my effectiveness as a team leader.    To begin, [name] is a true leader who exhibits courage and dedication. A powerful trait rarely found in the realm of business, courage is unique in its ability to unify and motivate people. Moreover, his courage is balanced appropriately with professionalism, strong values, and humility. He is sensitive to others' feelings and recognizes that different people require different types of direction and treatment. Although he often works with diverse and difficult groups, he always seems able to reach consensus and create a shared vision and purpose. Furthermore, he excels at establishing priorities and proactively setting direction.    As an effective manager, [name] also is able to translate his broad direction into discrete, tangible tasks. Since consultants often use difficult or creative analytical approaches, clearly articulating tasks and defining outputs is very important. In addition, he exercises the appropriate level of supervision. Rather than micro-managing his team members, [name] establishes clear accountabilities and expectations and pushes work down to the correct level. As a result, he creates a strong sense of ownership and leverages the skills of his team members. Furthermore, he excels at creating a supportive environment and, when necessary, coaching team members to help them develop new skills.    Finally, [name] is a masterful communicator. He is the only project manager I have had who gave me consistent and constructive feedback, importantly, both positive and negative. Such feedback not only provides clear developmental objectives, but also signals to others that he values their contributions. This type of balanced and open communication quickly forms the foundation of mutual trust and respect. Furthermore, [name] excels in the art of negotiation and debate. He states his points with remarkable precision and is expert at remaining objective and recognizing all sides of an argument.

Methods to Increase Learning and Success Among Students

The government is now looking into ways of increasing the learning experience of students they could use in the competetive reality of life. The C. S. Mott Foundation suggests that â€Å"the time is ripe to shatter the ‘chalk and talk', 8 a.m. to 3 p.m., September to June concept of school, and stretch and reshape learning time in order to improve student achievement† (Stedron 2007).In his article, â€Å"A new day for learning: its time to look at changing the length and scope of the school day to help kids succeed† Jennifer Stedron enumerated some ways to increase students' learning and explains the advantages of each. Three options were offered: to incorporate summer learning, out-of-school learning or increasing the length of time for a school day or school year.The advantage of including summer learning programs lies with the additional learning experience for students that can prepare them for the next stage of learning.Stedron (2007) held that â€Å"disadva ntaged students tend to fall behind during the summer because of a lack of learning opportunities in the home and community. By fifth grade, this summer slippage accounts for approximately two full years' deficit in reading comprehension levels.†The executive director of Johns Hopkins University Center for Summer Learning held that the differences in summer learning â€Å"account in part for later educational outcomes† (Stedron 2007).New Mexico's Plus Pilot Project, which provides an optional program of at least 40 additional days of school during the summers before and after kindergarten, has resulted with students gaining early literacy skill and social maturity which can considerably prepare them better for the first grade.Out-of-school activities can also increase students learning experience. â€Å"Before- and afterschool programs reinforce the school curriculum and broaden student skills through enrichment activities that might be absent from 8 a.m. to 3 p.m.â₠¬  according to Stedron (2007).She held that â€Å"extra† subjects such as art and music, which have been cut but many schools in favor of the more practical subjects, are â€Å"often what keep some children engaged in and attending school† (Stedron 2007).California Senator Tom Torlakson said that kids get excited about learning and their attachment to school increases since they have to attend school to attend these out-of-school programs.Aside from getting better results from students, investing on these programs will also generate budget savings for the government. Stedron (2007) used the California After School Education and Safety Initiative program as an example of the advantages of out-of-school programs: â€Å"evaluations show increase in student attendance, achievement and good behavior from kids in the programs.And a 50 percent decrease in students who must repeat grades is saving the state the massive expense of an extra year of education for many students .†Nothing can increase learning experience better than extending instructional time, which may be through, but not limited to, summer learning or after-school programs.Stedron, however, stresses that it is not just more school time that the students need. â€Å"They need to opportunities to develop creativity and be leaders† (Stedron 2007). For older students, this may include internship programs which give the students time to learn in the real world.Milt Godlberg, a member of the national Time, Learning, and Afterschool Task Force, believes that â€Å"young people are more engaged in learning and are more motivated when activities are not restricted by the traditional classroom structure† (Stedron 2007). Education should, after all, not be confined within the four corners of the classroom, but must also incorporate the realities of life.Stedron has given profound insights about the topic. Although the claims are not supported by statistical evidences, she has p rovided a convincing argument by providing student reactions and comparisons with the traditional way of learning.Increasing learning experience, not just academically but socially, will benefit the students by also increasing their knowledge, skill, and competetiveness, all of which will consequentially increase their chances of achievement and success.ReferencesStedron, J. (2007). A new day for learning: Its time to look at changing the length and scope of the school day to help kids succeed.

Macbeth Outline

Outline 1. Introduction A. Macbeth and bird Macbeth with their differences in gender and the fact that they re go forth roles in the play. B. Thesis beament In the play Macbeth, the two consultations gentlewoman Macbeth and Macbeth carry how they believe in gender and how these thoughts atomic number 18 performed in their actions. As the situation move arounds more severe they begin to fall into distributively others shoes and become what they had wanted to avoid. 2. Shakespe ares view on gender and brothel keeper Macbeth and Macbeth A. State the nature of the portion of wench Macbeth and Macbeth and gender in the play.B. The importance of gender between Lady Macbeth and Macbeth in the play and how they shanghai separately other and cause them to switch their personalities and views 3. Lady Macbeth as a whole character A. Lady Macbeth from the starting of the play to the end. B. The changes that establish place with her throughout the play and how they are important . State the differences between the 1st sour and the fifth Act and how she has become what she was assay to avoid. 4. Macbeth as a whole character A. Macbeth from the starting of the play to the endB. The changes that take place with him throughout the play and how they are important. State the differences between the 1st Act and the 5th Act and how he has become what he was act to avoid. 5. Changes with Lady Macbeth and Macbeth A. State what these changes are throughout the play (include quotes and actions) B. The importance of these changes and how they affect both Macbeth and Lady Macbeth differently. 6. Conclusion A. Lady Macbeth and Macbeths role and what they are trying to pursue in the play.