The Epidemic Crisis Of Sex Trafficking - 1341 Words

Across the globe many countries’ governments are battling the epidemic crisis of sex trafficking. Sex trafficking can be defined as â€Å"a commercial sex act [that] is induced by force, fraud, or coercion, or in which the person induced to perform such act has not attained 18 years of age† (Laxalt 2012: 12). Although inhumane, many countries are taking part in the trafficking of people. This international trend has formed sex trafficking into â€Å"the second largest organized crime in the world† (Adler 2010: 357). Labor organizations estimate that there are â€Å"at least 2.4 million trafficked persons at any point in time† (ILO 2008: 1). With numbers like that, the ILO estimates that â€Å"annual profits generated from trafficking in human beings are as†¦show more content†¦When delving into Cambodia’s culture it is evident that its most pressing social problems is the trafficking of people in and out of the country. Though the governme nt has recognized this problem and addressed it in the constitution, serious enforcement has yet to take place. The Cambodian Constitution expressly prohibits trafficking, stating in Article 46(1); â€Å"commerce of human beings, exploitation by prostitution and obscenity which affect the reputation of women shall be prohibited† (Constitutional Assembly 1999: 10). Furthermore, Constitution states â€Å"the protection of women and children’s rights†¦to education†¦and protection against employment detrimental to their health and welfare† (Constitutional Assembly 1999: 11). With the stated commitments written within the Constitution it would seem human trafficking is of much importance. Unfortunately, for these women and children, the Constitution is â€Å"rarely used in courts on behalf of the victims† (Schwartz 2004: 416). The Constitution merely stands to be more of an aspiration than actually functioning. To back the statements written within t he Constitution, Cambodia has established laws providing penalties for trafficking offenders. The definition the law gives for Trafficking is anyone who â€Å"lures another person, male or female, minor

Accounting Financial Analysis Report for Income Statement

Question: Discuss about theAccounting Financial Analysis Report for Income Statement. Answer: Introduction: Accounting financial analysis is a procedure of business which is done by the professionals to identify and evaluate the performance and the position of the company. It briefs about the financial performance of the company and this process suggests the management of the company to make few changes into its financial strategies or the performance to enhance the position of the company (Higgins, 2012). Accounting financial analysis is a common process which is done by the all the companies and financial analyst to evaluate the performance of the company and make a better decision on the basis of that. In the given case, crystal hotel private limiteds financial accounts have been evaluated. This company is operating its business in Sydney. The capacity and the revenue of the hotel have been evaluated and further the financial performance of the company has been identified which would assist the company to compare the performance with industry and make changes accordingly. Income statement comparative analysis: Income statement is one of the crucial final financial statements of an organization. It briefs about the total turnover, operating and non operating expenses, net profit, gross profit etc of the company. Income statement of crystal hotel private limited has been analyzed and it has been compared with the industry data to analyze the performance of the company (Titman and Martin, 2014). The income statement of the company briefs that the financial performance and the position of the company is quite competitive in the industry. The appendix table 1 briefs that the company should work on its total capacity. At this level, the company would be able to earn more profits. Further, it briefs that the current income statement of the company briefs about better position of the company. According to the case, the rooms revenue of the company should be 51% which is quite higher than the industry benchmark. Further, the FB revenue, halls revenue and other revenue of industry is 39%, 3% and 7% whereas the company revenue is 14.46%, 14.86% and 8.83%. It briefs that the level of rooms revenue and the functions are quite higher and it is required for the company to focus on food and beverages. In addition, cost of sales of the company has been evaluated and compared with the industry benchmark. On the basis of analysis, it has been found that the total cost of sales % of industry is 19% in 2015 which is quite lesser than the companys cost of sales. The companys cost of sales is 27.59% which briefs that the gross profit level of the comapny is lower and it is required for the company to manage the production cost (Madhura, 2011). Further, the personal cost, unallocated operating cost and total cost of the company has been evaluated. The total personnel cost of industry is 33% and the companys cost is 25.38% which briefs about better position of the company. In addition, unallocated operating cost of the company is 18.31% which is 15% in industry benchmark. It explains that the expenses of the company are quite higher (Appendix 2). The total cost and the net profit level of the industry is 68% and 32% respectively whereas the net income level of the company is 19.53% (Brown, 2012). It briefs that the financial position of the company is not that much strong and it is important for the management of the company to enhance the level of the revenues in comparison of expenses so that the net profit level could be enhanced. Ratio analysis: Ratio analysis is a financial analysis process which is conducted by the managers of the company and the financial analysts to evaluate the performance and the position of the company (Brooks, 2015). It briefs about the different positions of the company. Ratio analysis study of Crystal hotel briefs about the profitability level, solvency level, liquidity level and efficiency level of the company. Profitability ratio: Profitability ratio of the company briefs the gross profit level, net profit level, return on assets and return on equity level of the company. Gross profit margin of the company is 72.41% which is lower from 81% (industry benchmark ratio). Further, the level of net profit margin is quite higher and on the other hand, the return on assets and return on equity ratio of the company is also higher than the industry benchmark ratio (Gibson, 2011). It explains that the financial profitability position of the company is quite better and thus the company should maintain the same level. Solvency level: Solvency ratio of the company briefs the equity and debt position of the company to manage its capital structure and the cost and risk of the company. Debt to equity, debt ratio, equity ratio and interest coverage ratio has been evaluated. All these ratios brief the debt level of the company is quite lower from equity level and thus the cost of the company is quite lesser but on the other hand, risk level of the company is quite higher. It explains that the financial solvency position of the company is not good and it is suggested to the company to manage the optimal capital structure. Liquidity level: Liquidity ratio of the company briefs the position of the company to pay its short term current debt through current assets of the company. Current ratio and quick ratio of the company has been evaluated. Current ratio of the company is 1.86 which is lower from 3.2 (industry benchmark ratio). Further, the level of quick ratio is also lower than the industry ratio. It explains that the financial liquidity position of the company is not good and it is suggested to the company to enhance the level of current assets so that better liquidity position could be maintained (Brigham and Houston, 2012). Efficiency level: Efficiency ratio of the company briefs the position of the company to manage its long term debt as well as the working capital management. Inventory turnover ratio and accounts receivable turnover ratio of the company has been evaluated. Inventory turnover ratio of the company is 0.15 which is lower from 8.6 (industry benchmark ratio). Further, the level of accounts receivable collection period is quite higher than the industry ratio. It explains that the efficiency position of the company is not according to the industry so it is suggested to the company to manage the efficiency level. Industry specific benchmark: Further, the industrys performance has been compared with the companys performance on the basis of various other benchmarks such as the total price of the rooms, employees turnover and credit policies of the company. The total price of the rooms has been evaluated firstly and it has been found that the average price per room of the company is $ 148 whereas the industry is charging different rates on the basis of hotel ratings and other facilities. The total profitability position of the company on the basis of total price per room is quite different to the industry ratio. It briefs the company is managing the cost and revenue at different level (Brigham and Ehrhardt, 2013). Further, the employee turnover of the company has been evaluated and it has been recognized that the performance of the company is quite lower in terms of motivating and retaining the customers. The industrys employee turnover level is quite lower than the company and thus it becomes important for the company to look over the issue and resolve it at serious level (Brigham and Daves, 2012). In addition, the credit policy of the company has also been evaluated and t has been found that various issues are faced by the company due to its credit policies which are required to be changed. So, the performance and the position of the company could be better. These changes would assist the company to manage the better position in the industry as well as it would also assist the company to reduce the level of expenses and enhance the level of the cash inflows of the company. These changes would make the company more competitive. Conclusion: To conclude, crystal hotel private limiteds financial accounts are quite different to the final financial accounts of the industry. This company is using the different strategies to maintain the financial performance and the position. The capacity and the revenue of the hotel have been evaluated and further the financial performance of the company has been identified and it has been found that the financial performance of the company is required to be better in terms of solvency position and the liquidity position. Further, the company is also required to reduce the level of the undistributed operating cost and the personnel cost. References: Brigham, E. and Daves, P., 2012.Intermediate financial management. Nelson Education. Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Brigham, E.F. and Houston, J.F., 2012.Fundamentals of financial management. Cengage Learning. Brooks, R., 2015.Financial management: core concepts. Pearson. Brown, R., 2012. Analysis of investments management of portfolios. Pearson Higher Ed. Gibson, C.H., 2011.Financial reporting and analysis. South-Western Cengage Learning. Higgins, R.C., 2012.Analysis for financial management. McGraw-Hill/Irwin. Madura, J., 2011.International financial management. Cengage Learning. Titman, S. and Martin, J.D., 2014.Valuation. Pearson Higher Ed.

International Expansion Analysis TripAdvisor Case Study

Introduction In the last few decades, the world has witnessed increased integration of the global economy, which has resulted in new opportunities for economic, and income growth. One of the significant driving forces is globalization as characterized by the production of goods and services, linked, and synchronized on a global scale thus opening significant opportunities in all regions.Advertising We will write a custom essay sample on International Expansion Analysis: TripAdvisor Case Study specifically for you for only $16.05 $11/page Learn More Therefore, as a company that aspires to internationalize its business operations, TripAdvisor has been motivated to expand into foreign markets such as China and Germany due to the looming market opportunities. Furthermore, there are various factors including the size of the company, its leverage, market saturation, and the overall market conditions that have made TripAdvisor to globalize its business and oper ations to such foreign markets. In that respect, the purpose of this paper is to focus on the international expansion of TripAdvisor in countries like China and Germany. The paper analyzes the motivations for international expansion based three theories namely the product cycle theory, imperfect market theory and theory of comparative advantage. A risk analysis of the countries where TripAdvisor wants to expand its business operations is also carried out. Besides, an analysis of the possible financing sources for TripAdvisor expansion is performed and an estimate of the cost of capital for TripAdvisor expansion project to China offered in the report. International Expansion Analysis for the TripAdvisor In February 2000, Palka Tom, Shanny Nick, Steinert Langley, and Kaufer founded TripAdvisor Company. After the company started to generate some profits in the fiscal 2002, the management began to expand its business operations to the United States and other parts of the European market s. hese markets attracted the company due to several reasons: (1) the regions had very large customer base, (2) the local residents who had travelled considered themselves risk-takers, (3) the market was fragmented and (4) the potential customers could be identified with regions. Theory of comparative advantage In international trade, the comparative advantage theory appears to be amongst the most imperative concepts that can be used to analyze global business operations for a company like TripAdvisor. Given that TripAdvisor yearns to increase its profits, expanding its global operations to a country like China will help the company to minimize the cost of operations. First, China offers cheap labor or inexpensive raw materials that TripAdvisor can use to help it minimize the incurred expenses. Second, unlike other companies such as eBay and Yahoo that failed to prosper in these new markets, TripAdvisor is financially leveraged and can successfully set its presence in Chinese and Ge rmany.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Besides, the overall market condition in Italy, Spain, and France where TripAdvisor operates is saturated and the two countries offer ready markets for this company to take advantage of and dominate the world largest travel sites (Tallman, 2010). Given that Germany and China are tourism destinations, TripAdvisor core businesses including displaying restaurants, inns, breakfast and beds, as well as attractions founded on reviews generated from the users can possibly surpass those offered by rival corporations (Luo, 1999). Thus, since the market conditions in Europe are currently saturated and unfavorable while the market conditions in China and German are favorable, TripAdvisor has been motivated to seek international expansion into the later countries. Imperfect market theory Spain, France, and Italy are some of the markets where busine ss operations information is hardly divulged to all market participants due to the level of market competitions. However, despite the fact that online travel booking consumers in China are few, the general market conditions are favorable and market information is accessible to all market participants. In fact, acquiring information on market operations in Germany and China is inexpensive and this is an addition international expansion advantage for TripAdvisor Corporation (TripAdvisor, 2009). The online travel markets found in China and German are managed and regulated by responsible authorities hence the prices for the travel market services and goods are not controlled by a single or many sellers. The Chinese and German markets are leveraged and companies such as Monster, About.com, eBay, Yahoo, and Google could not thrive under the prevailing situations. Product cycle theory Most literature on international expansion strategies assert that corporations that aspire to go global mu st first establish themselves domestically prior to going international (Wald, 1999). This implies that, TripAdvisor Corporation has been serving the local markets for more than ten years. In fact, TripAdvisor Corporation has offered the online travel market services and goods to the locals since its introduction through to the growth stage, maturity stage, and the declining phase. Having been famous at the domestic level, TripAdvisor is obliged to expand its business and market operations to the overseas countries like China and Germany in order to accomplish its service provision demands in foreign markets (Harrison John, 2009).Advertising We will write a custom essay sample on International Expansion Analysis: TripAdvisor Case Study specifically for you for only $16.05 $11/page Learn More Thus, the need to start from service introduction through to the declining stage is amongst the motivations that drive TripAdvisor Company to seek for internationa l business and market expansion in these foreign lands. That is, TripAdvisor aspires to introduce its online travelling market services in areas where it presence has not been felt. TripAdvisor possible expansion in Germany and China Before expanding its business operations into countries such as Germany and China, TripAdvisor must put into consideration numerous risks factors prior to deciding the region that offers lucrative business opportunities. However, both countries present different business and market environments in terms of fluctuations in global currencies, political and economic instabilities, as well as cultural and religious influences (Kirsner, 2010). The overall fluctuation of German and Chinese currencies is a major factor that might affect the development of TripAdvisor into these market economies. Equated to other nations such as Japan, France, and Italy this situation might cause strain in revenues and operating incomes in both Germany and China. Moreover, ther e is political polarization in some Chinese market regions where TripAdvisor intends operate. In China, policies regarding minimum wages are observed strictly unlike in German environs and this is intended to shun infringing labor rights. Monetization is a general challenge in China in that only limited success is evident in all businesses listed in the recent stock exchange. However, policies relating to foreign business are accommodative in both Germany and China such that it is easy for TripAdvisor to operate smoothly with minimum risks (Harteveldt, 2009). Generally, German consumers get encouraged to consume TripAdvisor products as currencies are stronger and the rates of interest are low in Germany than in China. The political parties in both Germany and China are in the forefront to make sure that the business environment is stable. Even during the economic slump periods, TripAdvisor intends to charge reasonable prices on its products to its customers in both countries. Given that its services are locally as well as globally oriented, it is advantageous for TripAdvisor to work in all areas across China and Germany (Gupta Herman, 2011). In contrary, its services can best be expanded to Germany than in China given that inflation in Germany is lower than in China whilst income rates for both countries are high. Germany and China uphold societal status and strong cultural practices hence TripAdvisor in its bid to expand its operations in these regions is likely to encounter cultural challenges (Madura, 2011).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In fact, to suit the general population standards of living TripAdvisor will have to upgrade its services to suit the cultural needs of the Chinese and Germans. Unlike China, Germany offers odd and flexible working hours thus making clienteles to access TripAdvisor online travel market services anytime. Recommendation TripAdvisor Corp has been conducting its online travel business operations in different foreign markets. However, the market entry modes depend on the type and nature of the market environment where the company wants to initiate its online business operations (Hill Jones, 2007). Since there are entrenched firms offering almost similar online travel products and services such as text links, business listings, and display advertising in China, the Chinese market is very competitive. Thus, to avoid encountering market entry barriers, competition and business challenges, it is prudent that TripAdvisor Corporation should seek a strategic alliance or merge with one of the l eading domestic online travel and service-offering firms based in China (TripAdvisor, 2010). The strategy will help TripAdvisor to avoid incidences of price competitions, tariff and market entry barriers, as well as have access to the locally available cheap raw materials and labour.  TripAdvisor Company should employ some competent Chinese managers to help it run the corporation in the Chinese environment. This follows the fact that Chinese managers are well conversant with the demands of the Chinese products consumers and the level of market competition. Besides, the managers will assist the company to abide by the culturally sensitive issues as well as the business operation regulations in China (Rappaport, 1986). Finally, TripAdvisor should minimize its costs of operations through hiring the cheap locally available labor and offer online travel market services at reduced prices to capture a larger market segment. Analysis of the financing sources for TripAdvisor expansion In o rder to go global, some of the possible financing sources for TripAdvisor include debt, and equity financing. However, one major challenge companies like TripAdvisor face is the choice made regarding the capital structure (Hutchinson, 1995). However, TripAdvisor is set free by its financial management to choose amongst the many alternative capital structures. For instance, as a globally recognized company, TripAdvisor can either opt to issue large amounts of debts or even very little debt. Moreover, the company has the option of arranging for the lease financing, issue convertible bonds, sign forward contracts, trade in bond swaps or use warrants. It can as well issue dozens of discrete securities in myriad combinations (Pinkowitz, Rohan Rene, 2007). Based on capital structure theory that was developed by Modigliani and Miller, it is evident that the capital structure adopted by TripAdvisor will greatly influence its mutual profitability. Hence, it is essential to find the imperati ve factors, which influence this company’s choice of leverage. In most cases, TripAdvisor capital structure constitutes collateralized assets, which include assets, equity such as the hybrid capital, minority interest, subscribed capital, and reserves. Finally, the last groups within TripAdvisor capital structure are the financial liabilities (Graham Harvey, 2001). The global expansion funding for TripAdvisor venture will accrue from the owner’s equity investments available in form of loan (Titman Wessels, 1988). Capital for TripAdvisor expansion project to China WACC for TripAdvisor is the average cost that the company incurs derived from the investors’ capital and it incorporates a given combination of equity or debt (Fama French, 1998). Founded on the WACC principle, the capital costs always depict pre-tax costs for instance, costs incurred before investing and corporate taxes. To ensure that it operates efficiently, TripAdvisor should apply CAPM to monito r and further reduce its costs in its international expansion operations (Grossman Hart, 1982). TripAdvisor CAPM is given by rj=rf + ÃŽ ²j(rm-rf) where rj = required return on a security; rf = risk-free rate of return; ßj = beta coefficient for the security and rm = required return on the market portfolio. Taking ÃŽ ²j=1.93; rm=10% and rf=4%, rj= 0.04 + 1.93 (0.10-0.04) =0.16. The required return on market portfolio for TripAdvisor in the first fiscal year will be 16%. Conclusion The cost of capital determined using WACC principle corresponds to a similar tax level equivalent to the earnings underlying that are normally included in the returns on the invested capital (Gaver Gaver, 1993). From the computed WACC in the appendices, it is expected that the cost of capital for an international project will be higher than that of a domestic venture. This follows the fact that there are risks associated with international operations including volatility or high gearing which results i nto high earnings volatility (Gleason, Lynnette. Mathur, 2000). Thus, shareholders demand that the company achieve higher return targets for purposes of financial risks. Nevertheless, TripAdvisor Corporation gearing should utilize cheaper debt finance as well as trade-offs between riskier capital structure and cheaper finance. The cost of equity integrated into WACC reproduces the returns expected by the investors from TripAdvisor shares. Moreover, the costs of outside capital depend on the average borrowing cost of TripAdvisor (Booth et al., 2001). References Booth, L., Asili, D., Varouj, A. Maksimovic, V. (2001). Capital structure in developing countries. Journal of Finance, 56(4), 87-130. Fama, E. French, K. (1998). Taxes, financing decisions, and firm value. Journal of Finance, 53(1), 819-43. Gaver, J. Gaver, K. (1993). Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies, Journal of Accoun ting and Economics, 16(3), p.125-140. Gleason, K., Lynnette, K. Mathur, I. (2000). The interrelationship between culture, capital structure, and performance: evidence from European retailers. Journal of Business Research, 50(4), 185-91. Graham J. Harvey, C. (2001).The theory and practice of corporate finance: evidence from the field. Journal of Financial Economics, 60(2), 187-243. Grossman, S. Hart, O. (1982). Corporate financial structure and managerial incentives: The eco of information and uncertainty. Chicago, US: University of Chicago Press. Gupta, S. Herman, K. (2011). TripAdvisor. Harvard Business School Publishing. Boston, MA. Harrison, J. John, C. (2009). Foundations in strategic management. Boston, MA: Cengage Learning. Harteveldt, H. (2009). Why travellers contribute ratings, reviews and more online. Forester, September 10, 2009. Hill, C. Jones, G. (2007). Strategic management: An integrated approach. Boston, MA: Cengage Learning. Hutchinson, R. (1995). The capital structure and investment decisions of the small owner-managed firm: some explanatory issues. Small Business Economics, I7 (3), 231-9. Kirsner, S. (2010). Google acquires ITA software: The background briefing. Boston Globe, July 1, 2010. Luo, Y. (1999). Entry and cooperative strategies in international business expansion. Westport, Connecticut: Greenwood Publishing Group. Madura, J. (2011). International financial management. Mason, OH: Southwestern Cengage Learning. Pinkowitz, L., Rohan, W. Rene, M. (2007). Cash holdings, dividend policy, and corporate governance: a cross-country analysis. Journal of Applied Corporate Finance, 19(2), 81-87. Rappaport, A. (1986). Selecting strategies that create shareholder value. Harvard Business Review, 1(2), 140. Tallman, S. (2010). Global strategy. Hoboken, New Jersey: John Wiley Sons. Titman, S. Wessels, R. (1988). The Determinant of capital structure choice. Journal of Finance, 1(43), 1-19. TripAdvisor (2009). TripAdvisor expands in China wi th agreement to acquire Kuxun.cn. Press News, August 12, 2009. TripAdvisor (2010). Fake TripAdvisor reviewers to be named and shamed. Daily Nation, October 27, 2010. Wald, J. (1999). How firm characteristics affect capital structure: an international comparison. The Journal of Financial Research, 1(22), 161-187. This essay on International Expansion Analysis: TripAdvisor Case Study was written and submitted by user Isabell Wilkinson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Paradise Lost & Frankenstein

In the story Frankenstein and Milton’s epic Paradise Lost there are beings of enormous power. We often times give them the name gods. In Paradise Lost Milton’s god is the same God we all believe to be the one creator. The God who created Satan and booted him out of heaven. Through many a dark and dreary vale they passed, and many a region dolorous, o’er many a frozen, many a fiery alp, rocks, caves, lakes, fens, bogs, dens, and shades of death, a universe of death, which God by curse created evil, for evil only good, where all life dies, death lives, and Nature breeds, perverse, all monstrous, all prodigious things, abominable, inutterable, and worse than fables yet have feigned, or fear conceived, gorgons and Hydras, and Chimeras dire. (Milton lines 618-628) In Frankenstein, Dr. Frankenstein assumes the role of god and creates his own devil. Milton’s Satan had the idea of fun. He liked fun and fun got him kicked out of heaven. That’s when he got the idea that he would try his hardest to corrupt all of God’s creations. Satan does become successful as we read about Adam and Eve. He is able to tempt Eve with the fruit that in turn later gives it to Adam. Frankenstein created his own Satan, which later turned on him. His creation later basically corrupts his life by destroying it. Dr. Frankenstein becomes sorry for ever creating such a creature. Satan continues to fight against God. He seems to start off strong in his attempts to corrupt God’s creations. God always remains strong while Satan seems to wind down like a clock. What though the field be lost? All is not lost; the unconquerable will, and study of revenge, immortal hate, and courage never to submit or yield: and what else is not to be overcome? (Milton lines 105-109) Here Satan and his followers just get booted out of heaven for â€Å"shaking† God’s throne, and he sounds all fired up to go and make the best of the situation that appears hopele... Free Essays on Paradise Lost & Frankenstein Free Essays on Paradise Lost & Frankenstein In the story Frankenstein and Milton’s epic Paradise Lost there are beings of enormous power. We often times give them the name gods. In Paradise Lost Milton’s god is the same God we all believe to be the one creator. The God who created Satan and booted him out of heaven. Through many a dark and dreary vale they passed, and many a region dolorous, o’er many a frozen, many a fiery alp, rocks, caves, lakes, fens, bogs, dens, and shades of death, a universe of death, which God by curse created evil, for evil only good, where all life dies, death lives, and Nature breeds, perverse, all monstrous, all prodigious things, abominable, inutterable, and worse than fables yet have feigned, or fear conceived, gorgons and Hydras, and Chimeras dire. (Milton lines 618-628) In Frankenstein, Dr. Frankenstein assumes the role of god and creates his own devil. Milton’s Satan had the idea of fun. He liked fun and fun got him kicked out of heaven. That’s when he got the idea that he would try his hardest to corrupt all of God’s creations. Satan does become successful as we read about Adam and Eve. He is able to tempt Eve with the fruit that in turn later gives it to Adam. Frankenstein created his own Satan, which later turned on him. His creation later basically corrupts his life by destroying it. Dr. Frankenstein becomes sorry for ever creating such a creature. Satan continues to fight against God. He seems to start off strong in his attempts to corrupt God’s creations. God always remains strong while Satan seems to wind down like a clock. What though the field be lost? All is not lost; the unconquerable will, and study of revenge, immortal hate, and courage never to submit or yield: and what else is not to be overcome? (Milton lines 105-109) Here Satan and his followers just get booted out of heaven for â€Å"shaking† God’s throne, and he sounds all fired up to go and make the best of the situation that appears hopele...

Thanksgiving Thoughts About Expressing Gratitude

Thanksgiving Thoughts About Expressing Gratitude One of the most famous Aesops tales of gratitude is the Lion and Androcles. Androcles, a slave who was wandering in a forest, chanced upon an injured lion, which had a huge thorn stuck inside its paw. Androcles helped the lion by removing the thorn and gave the lion a new lease of life. Later, Androcles was captured, and thrown in a dungeon with a hungry lion. The lion rushed towards its victim, but it soon realized that Androcles was the same man who saved its life in the forest. The lion did not attack the slave. Instead, it licked his face like a pet dog and showered the slave with love. Thats a simple story of gratitude that we tell our kids to remind them about the importance of gratitude. Dietrich BonhoefferIn ordinary life we hardly realize that we receive a great deal more than we give, and that it is only with gratitude that life becomes rich.Gerald GoodIf you want to turn your life around, try thankfulness. It will change your life mightily. But how many of us truly remember to express gratitude? In the daily humdrum of life, you forget to thank the neighbor who keeps a watch on your kids when you need to be away at work. You forget to thank the teacher, who stays back after school to help you with your school projects. You fail to express gratitude to your parents, who have immensely contributed all through your life. And who remembers to thank the librarian, the banker, the plumber, or the garbage pickup truck driver? Gratitude should not be merely customary politeness. It should reflect a deep humility and love that we feel towards one another. Saying, thank you is just the beginning of expressing gratitude. To make gratitude go a long way, you should give back in any way possible. Just like the lion in the story. George CanningWhen our perils are past, shall our gratitude sleep?William C. SkeathThis is the finest measure of thanksgiving: a thankfulness that springs from love.W. T. PurkiserNot what we say about our blessings, but how we use them, is the true measure of our thanksgiving. Being thankful has many benefits. A thankful heart has no place for arrogance, resentment, jealousy, or anger. You will often find that people who express genuine gratitude have a pleasant and amiable personality. When you express gratitude, you make friends. When gratitude is accompanied by a generous word of praise or two, relationships thrive. Also, a grateful person can hope to gain more favors in the future from his generous friends. Basil CarpenterThank God every day when you get up that you have something to do that day which must be done whether you like it or not. Being forced to work and forced to do your best will breed in you temperance and self-control, diligence and strength of will, cheerfulness and content, and a hundred virtues which the idle will never know.Noel SmithGratitude is not a spiritual or moral dessert which we may take or push away according to the whims of the moment, and in either case without material consequences. Gratitude is the very bread and meat of spiritual and moral health, individually and collectively. What was the seed of disintegration that corrupted the heart of the ancient world beyond the point of divine remedy...? What was it but ingratitude? The story of gratitude in Aesops fable about the lion and the slave is a moral lesson where kindness and generosity triumphs. Even today, when the world is plagued by natural calamities people rise above these challenges with kindness. Teach your kids the importance of gratitude with these Thanksgiving thoughts. Sow the seed of gratitude in their heart early in life, so that they can grow up to be humble and appreciative human beings. Charles Haddon SpurgeonYou say, If I had a little more, I should be very satisfied. You make a mistake. If you are not content with what you have, you would not be satisfied if it were doubled.Henry ClayCourtesies of a small and trivial character are the ones which strike deepest in the grateful and appreciating heart.

Black & Decker - Eastern Hemisphere and ADP Initiative Case Study

Black & Decker - Eastern Hemisphere and ADP Initiative - Case Study Example Also, they faced certain challenges in these regions. Bill Lancaster, after his appointment as President in October 1995, wanted to set things right in his region i.e. Eastern Hemisphere. Bill Lancaster had certain concerns with relation to the Eastern Hemisphere organization and wanted to acquire a clear understanding of the scenario by discussing and seeking views of the existing employees and members of the Management Advisory Council (MAC). His prime concern was the fact that he found significant disparity in the ‘management styles’ that existed in the region. He found that certain managerial styles emphasized on employee empowerment whereas, others belonged to old authoritarian method. From his observation he felt that a few managers were bad managers. The other aspect was related to the growth and development of the people as he felt that in this region quite a few people were stagnant in their position. The other crucial matter of concern was with regards to exist ing process of management assessment as well as development system. They followed MBO-type system which had been discarded in the US a few years before. Bill Lancaster observed that these concerns required immediate addressing in order to not only increase the organizational growth in the Eastern Hemisphere organization but also to instigate human resource growth and development. ... ADP method of appraisal was observed to be one of the best tools available to provide employees with set goals and career plans similar to MBO process. The added benefit that ADP provided was that it was undeniably superior to MBO in guiding people towards growth prospects. The ADP plan followed six steps appraisal process which was in line with the 3600 appraisal method. This plan worked as immense aid for a manager as they were provided with the feedback about a subordinate who was reviewed by his peers and also by himself. It helped to reduce the burden of evaluation of an employee by a manager and also it provided a varied perspective towards an employee which in the long run helped in building leaders for the future which was greatly required in the Eastern Hemisphere organization. Thus, ADP had undoubted potential to develop people which was a major weakness in the organization. 2) What Concerns Do Asian Managers Have About ADP? How Substantive Are These Concerns? In the US, th ere was certain skepticism with ADP. The concerns were regarding its acceptability among the employees other than the senior level. It was also thought that the 3600 feedback process will give rise to biasness as popularity of an employee with the managers of would play a major role in getting a good review. The enormities of the process of collecting as well as processing of the feedback were also a major concern. The process was also thought to be devoid of providing any reward for a job done well by an employee. These concerns that were quite substantial in the US were seen to be raised in some form or the other among the Asian managers. The concerns among the Asian managers were that Asian people were generally thought to be averse from criticism

Aspects of Entrepreneurship as a Future Career Essay

Aspects of Entrepreneurship as a Future Career - Essay Example In this paper, the main focus will be to confirm the contemporary aspects of entrepreneurship and relate how they can apply to me as a future entrepreneur. An entrepreneur is usually a self-employed individual, hence enjoys enormous independence. The independence enjoyed by an entrepreneur is usually experienced as they launch ventures. Entrepreneurs have the flexibility and ability to multitask (Bharadwaj 1). Given their strong sense of responsibility, entrepreneurs can handle and deal with the basic requirements of starting up businesses on their own. Here, their independence may allow them not to seek professional assistance, which many opt for, and as required by the prerequisites, especially when it is a company involved. Entrepreneurs exercise their independence right from the point of being cognizant of the opportunity, resource gathering, network creation or building, goal setting as well as strategies implementation. An entrepreneur is highly reliant, and this helps them to avoid many of the business odds that come during its early stages. As an independent individual, entrepreneurs are jacks-of–all trades, making them single-handedly able to bring up a business from a scratch to operation. Research shows that many entrepreneurs record higher and significant job satisfaction than those in the wage employment (Naude 1). Such entrepreneurs usually receive satisfaction from for being self-employed as they have total control over their venture and its resources.