Distinctive Voices †A.B. Paterson Poetry Essay

A number of distinctive voices are used in ‘Clancy of the Overflow’ by A.B. Paterson to paint an evocative picture of Australian society and to juxtapose images of the Australian bush against images of life in the city. The purpose of this poem is to highlight the unique characters of the Australian bush and to allow the reader to romanticise with the Australian bush. The pervading tone of the poem expressed by the clerk narrator is envy of the pleasures he imagines Clancy to experience living and working in the bush and derision of aspects of the city. The distinctive voices in the poem include the clerk narrator, the laconic character of Clancy, the ‘shearing mate’, the bush and finally the city. Paragraph 2 – Explain the distinctive voices of Clancy and the shearer and what they convey about the Australian bush (focus on craftsmanship/techniques and effect). Paragraph 3 – Explain the distinctive voice of the clerk narrator and what he conveys about the Australian bush and life in the city (focus on craftsmanship/techniques and effect). Paragraph 4 – Explain the distinctive voice of the bush and how it is used in a positive way to reinforce Paterson’s view (focus on craftsmanship/techniques and effect). Paragraph 5 – Explain the distinctive voice of the city and how it is used in a negative way to reinforce Paterson’s view (focus on craftsmanship/techniques and effect). Summary (Conclusion) – a final statement about the use and effect of distinctive voices in this poem.

Pepsi Lipton

BRISK ® CASE STUDY Overview Customer Profile The Pepsi-Lipton Partnership is a joint endeavor between two major brands, Pepsi-Cola North America and Unilever. This entity is responsible for the Canadian promotions of Lipton, one of the leading beverages in the global market. Business Situation The company launched an entirely new Brisk ® Ready-to-Drink Iced Tea early last year. The brand recognized the emerging presence of a new media segment and required assistance in exploring the potential of direct-client communication using Mobile and Web technology.Addictive Mobile Corp. Solution Addictive Mobile Corp. combined marketing savvy with their licensed technology to design and power a Txt 2 Win Contest campaign, â€Å"Beat the Blues with Brisk ®Ã¢â‚¬ . The promotion incorporated both web and mobile mediums to enhance customer experience. 1 Benefits Brisk ® gained the ability to offer contestants premium web and mobile content while providing an amusing, interactive and inst antaneous entry method.Coke and PepsiThis trend setting use of wireless technologies created a consumer buzz while allowing the brand to track promotional results in real-time. PROFESSIONAL SOLUTION Traditional media assisted in forming initial contest awareness with high school party announcements, beverage cooler stickers and high traffic website banners. Consumers were informed they could enter the Brisk ® contest for chances to win a grand prize and one of the weekly draws, 1001 prizes in all. Participants sent an SMS message to the short code 27475 (BRISK) to automatically opt-in to the contest.Through a wireless dialog, the consumer learned they could gain an extra ballot each time they sent the text message â€Å"PLAY† once a day. Technology integration allowed entrants to send free SMS text messages to their friends from the website, www. brisk. ca. Selected participants were sent a winning code via text message and instructed to go online for prize redemption. 2 RE SULTS AMC’s mobile technology, compatible with all mobile carriers, permitted a wireless pathway for participation in the â€Å"Beat the Blues with Brisk ®Ã¢â‚¬  contest.There was a total of 50,000 entries (two months), fully automated, including selection and prize redemption. During the promotion, a 9% spike in sales was noticed, an average of 100 new members signed up each day while website traffic increased to 1. 7 million hits. Brisk ® now has a database of over 6,000 opt-in members, indispensable market research to compare and analyze. Brand affinity was strengthened through an engaging and personal method directed towards consumer identification. All within in a two months campaign. 3 Pepsi Lipton BRISK ® CASE STUDY Overview Customer Profile The Pepsi-Lipton Partnership is a joint endeavor between two major brands, Pepsi-Cola North America and Unilever. This entity is responsible for the Canadian promotions of Lipton, one of the leading beverages in the global market. Business Situation The company launched an entirely new Brisk ® Ready-to-Drink Iced Tea early last year. The brand recognized the emerging presence of a new media segment and required assistance in exploring the potential of direct-client communication using Mobile and Web technology.Addictive Mobile Corp. Solution Addictive Mobile Corp. combined marketing savvy with their licensed technology to design and power a Txt 2 Win Contest campaign, â€Å"Beat the Blues with Brisk ®Ã¢â‚¬ . The promotion incorporated both web and mobile mediums to enhance customer experience. 1 Benefits Brisk ® gained the ability to offer contestants premium web and mobile content while providing an amusing, interactive and inst antaneous entry method.Coke and PepsiThis trend setting use of wireless technologies created a consumer buzz while allowing the brand to track promotional results in real-time. PROFESSIONAL SOLUTION Traditional media assisted in forming initial contest awareness with high school party announcements, beverage cooler stickers and high traffic website banners. Consumers were informed they could enter the Brisk ® contest for chances to win a grand prize and one of the weekly draws, 1001 prizes in all. Participants sent an SMS message to the short code 27475 (BRISK) to automatically opt-in to the contest.Through a wireless dialog, the consumer learned they could gain an extra ballot each time they sent the text message â€Å"PLAY† once a day. Technology integration allowed entrants to send free SMS text messages to their friends from the website, www. brisk. ca. Selected participants were sent a winning code via text message and instructed to go online for prize redemption. 2 RE SULTS AMC’s mobile technology, compatible with all mobile carriers, permitted a wireless pathway for participation in the â€Å"Beat the Blues with Brisk ®Ã¢â‚¬  contest.There was a total of 50,000 entries (two months), fully automated, including selection and prize redemption. During the promotion, a 9% spike in sales was noticed, an average of 100 new members signed up each day while website traffic increased to 1. 7 million hits. Brisk ® now has a database of over 6,000 opt-in members, indispensable market research to compare and analyze. Brand affinity was strengthened through an engaging and personal method directed towards consumer identification. All within in a two months campaign. 3

Ba Finance

By 1985 Arthur had already sold his dairy herd to focus on cereal production when a fortuitous meeting with Lucy Bellingham at a business conference led him to reconsider the future of the family farm. Bellingham is a designer of bespoke fitted kitchens who had a business plan but little capital. The plan was to manufacture top quality fitted kitchen furniture and establish design studios/showrooms in high income areas. Having recently sold his dairy herd, Arthur had enough capital to fund the new business and also a number of large barns and outbuildings suitable for manufacturing the kitchen units subject to refitting and planning consent being obtained. Lucy’s business plan was so convincing that Arthur decided to get out of farming altogether (by leasing his arable land to a local co-operative) and focus on developing the new business. From this small beginning grew the now publicly quoted company of Bellingham plc. Initially, showrooms were established in Beaconsfield and then Kensington. Demand for their kitchens was brisk and â€Å"Bellingham Bespoke Kitchens† expanded rapidly but remained a partnership. The firms clients are mainly celebrities from the entertainment world and the cost of a Bellingham Bespoke Kitchen is now ? 40,000 – ? 150,000 or more. The firm was restructured as a limited company in 1990 and subsequently experienced rapid growth until 1999. In that year the then directors decided that the business had reached the limit of development in it’s present form. Future development required large-scale expansion of production facilities in order to provide the range of materials, furniture, quality and prompt delivery required by their discerning clients. This in turn needed an injection of capital that the directors were unable to generate themselves. The conviction that there was much money to be made from â€Å"quality fitted kitchens† † had been vindicated. They investigated a number of possibilities deciding eventually to expand production facilities by purchasing a modern production unit on an industrial estate in Aylesbury. The expansion was funded by a stock market floatation and raising the necessary capital in the name of Bellingham plc. As the market grew and to keep abreast of new production technology, the directors agreed to reverse the maxim so dear to the heart of the founders, Arthur and Lucy; â€Å"neither a (long-term) borrower nor lender be. † They financed updating of equipment and premises by means of issuing debentures. It is now October 2012 and the present directors of Bellingham plc believe that the long-term success of the company lies in future international diversification and expansion. They consider that the most beneficial action they could take is to investigate the acquisition of a subsidiary in the USA. The newly-appointed finance director, Bill Moneypenny, agrees with this opinion but insists that the company must first appraise its own current position and if necessary, make changes to strengthen its existing financial situation before embarking on new plans. He is particularly concerned that the company should preserve adequate liquidity and finance its assets in a beneficial manner. He is also concerned that too much emphasis has been placed on â€Å"pandering to the whims of the rich and famous† and not enough on running an efficient business operation. Lucy and Arthur still retain 30% of Bellingham’s equity and other long-standing directors own a further 20%; a change of control is unlikely to be welcome. During the last two years, the company has updated it’s design, production and showroom assets and, in what has been a difficult year, has been able to maintain sales and profit growth (see Bellingham’s accounts in appendix 1). There has been a great deal of uncertainty about world economic growth and stock markets have been extremely volatile resulting low returns. However the firm’s ordinary shares have made good progress during the year. Ordinary share dividends have achieved substantial growth over the last two years although this rate of increase is not expected to continue. Ordinary dividends have grown at an average rate of 14% per annum over the past 10 years and this rate is a more realistic growth rate for future dividends. The present market prices for Bellingham’s shares and debentures are: ?1 Ordinary shares? 7. 02 ex div ?0. 50p, 6% Pref shares? . 55 ex div 7% Debentures 2016? 100. 51 ex interest Any new venture would be expected to achieve a return on capital employed in line with that experienced recently by Bellingham plc. The finance director favours a payback period of 5 years. Bellingham would therefore need to agree a realistic acquisition price for such a new venture and its future cash flows in order to determine whether these criteria could be met. Although a number of investment projects are being considered, the main proposal currently being investigated offers an expansion into the US prime-property market which is forecast to grow faster than the UK market. Bellingham’s finance director has already calculated the trends in the financial ratios of American Creations, an unquoted US company, from its unaudited annual accounts (see appendix 2) and has concluded that the proposal is now worthy of further investigation. American Creations is a family-owned venture requiring further capital to repair it’s balance sheet after making losses on a property development in Nevada from which it has now withdrawn. Profits have suffered in the last two years due to write-offs associated with this development. The existing owners feel that the firm’s future lies in establishing wider international links and the retirement of senior family members, leaving the younger members active in the management of the firm. They are therefore considering selling a controlling interest of 60% to a suitable company. The firm has been established for 23 years, and is well respected in business circles. The average age of its fixed tangible assets is 3 years. The directors have indicated that they may accept part payment in Bellingham shares subject to negotiation. The firm’s nominal share capital is $2. m, and the directors have indicated that they value the firm at five times the year 2010 net profit. They consider this to be the firm’s â€Å"normal† level of profit excluding the â€Å"extraordinary† effects of the Nevada development. As the firm is at present family owned and run, there is no available price/earnings ratio. P/E ratios for the only two publicly-owned c ompanies in the same business sector, Harvey Wilkinson Designs plc and Cucci Lifestyle plc, are currently 10 and 8 times respectively although both of these firms, unlike Bellingham, operate internationally. Wilkinson has grown at a similar rate to Bellingham. The dividend yields of these companies have been as follows: WilkinsonCucci Year to 31 December 2011 8. 1% 7. 25% 2010 7. 2% 6. 9% 2009 5. 3% 5. 95% American Creations has its own manufacturing facilities and operates throughout the USA and Caribbean with design offices in New York, Miami, Los Angeles and Colorado Springs. Their main business, which is thriving, involves complete home furnishing and interior design for wealthy clients. In addition, the firm has a real estate office in each location and is thus able to offer a complete property service. The value of properties handled by the real estate offices is typically $5m – $20m. Bellingham is interested not only in extending its operations internationally but particularly in the possibility of diversifying into the real estate business. Whilst well aware of the existence of a number of competitors, the directors feel that there is a ready market in the US for their established name in terms of design flair, service and products. After discussions with the directors of American Creations, Bill Moneypenny has produced the following forecast. Under average economic growth conditions, the American Creations operating forecasts (in $*1000) for the next five years are based on the following: Income:from Sales: $7500 in 2013, rising by 12% per annum for the foreseeable future. from real estate sales commissions: $2850 in 2013 increasing by 15% per annum for the foreseeable future. Manufacturing variable costs: Labour: $1250 in 2013, expected to increasing by 8% per annum. Materials: $3800 in 2013, expected to increasing by 5% per annum. Fixed costs excluding depreciation: Manufacturing O/H: $2065 in 2013, increasing by 5% per annum. General O/H: $1850 in 2013, increasing by 2% per annum. Depreciation:Factory, machinery vehicles: $500 per year. Office/Design Studio fixtures: $200 per year. The beta of Bellingham plc is believed to be 1. 65 , the risk-free rate of return is 5. 5% and the return for the last year on the FT All-share index is 2%. UK corporation tax is currently 32% payable 9 months after the end of the accounting year in question (you may assume for the purpose of this case that accounting profit and taxable profit are identical. ) Bellingham’s directors estimate that the after-tax profits of American Creations could be allocated as follows: 70% as retained earnings and 30% as dividends. This has been the pattern under the under the present ownership. There would be no restriction on the transfer of the appropriate share of these dividends to the UK. The US corporation tax rate applicable is 20% payable in the year in which the profit arises. There is no double taxation of profits of US origin in the UK. (For the purpose of this case, ignore the possibility of any withholding taxes and the effects of foreign exchange risk. It is considered possible that, as the US economy develops further, even higher wages than those forecast may be demanded by the workforce. Required: Evaluate the American Creations proposal on behalf of Bellingham plc, supporting your arguments with relevant theory and calculations and indicating any non-financial matters you feel should be taken into consideration. Your report should consider the following areas: 1. An analysis of Bellingham’s current position using relevant financial ratios. You should show the calculation of the ratios and provide interpretation of the results. . Calculation of Bellingham’s cost of capital, using alternative methods and arriving at the most appropriate figure. 3. An investment appraisal of the American Creations proposal assuming the valuation suggested in the case, using a variety of methods and evaluation of the results. 4. A sensitivity analysis of the proposal and interpretation of the results. 5. Calculation and discussion of alternative valuations for acquiring the share in American Creations and how these would impact on the investment appraisal. 6. A discussion of the various available methods of financing the acquisition and consideration of which is the most appropriate. Your calculations and arguments should be supported by relevant theory, with evidence of wide reading around the subject. You should provide a complete bibliography with appropriate referencing in your report. Submission requirements: Your answer should take the form of a written report of approximately 2500 words excluding appendices and the reference list. Deviations from the word count exceeding plus or minus 10% will attract a penalty of 5%. The hand-in deadline for submission is 23. 0 on 25th November 2012. Submissions up to 24 hours late will attract a 10% penalty whilst those beyond 24 hours but less than 1 week late will be capped at 40%. Reports submitted more than one week late will attract a mark of zero. Submit one electronic copy via Studynet. This is an individual assignment and the report submitted should be entirely your own work. Appendix 1:B ellingham plc| | | | | | | Abridged Trading, Profit Loss Account for the year ended 30th June 2012:| All amounts are in thousands of pounds sterling| | | | | | | | | | | | | | | | | | | 2012| | 2011| | 2010| | Sales| 9606| | 7564| | 6100| | Production Cost| 4034| | 3101| | 2240| | Gross Profit| 5572| | 4463| | 3860| | | | | | | | | Selling Expenses| 1467| | 1250| | 1080| | Installation Expenses| 1689| | 1300| | 980| | Administration Expenses| 960| | 630| | 597| | Operating Profit| 1456| | 1283| | 1203| | Debenture Interest| 53| | 53| | 53| | Profit Before Tax| 1403| | 1230| | 1150| | Corporation Tax| 449| | 394| | 368| | Profit After Tax| 954| | 836| | 782| | Dividends| 341| | 280| | 220| | Retained earnings| 613| | 556| | 562| | Balance Sheet at 30th June 2012:| | | | | | | | | | | | | Fixed Assets (net):| | | | | | | Land Buildings| 2300| | 2400| | 2500| | Plant Machinery| 1700| | 1186| | 552| | Fixtures Fittings| 700| | 600| | 402| | Motor Vehicles| 185| | 140| | 105| | Office equiptment| 250| | 185| | 100| | | 5135| | 4511| | 3659| | Current Assets:| | | | | | | Stocks: Raw Materials| 216| | 208| | 182| | Work in Progress| 200| | 205| | 190| | Finished Goods| 150| | 128| | 97| | Debtors| 1775| | 950| | 595| | Bank/Cash| 230| | 136| | 104| | | 2571| | 1627| | 1168| | Current Liabilities:| | | | | | | Trade Creditors| 1190| | 788| | 270| | Corporation Tax| 449| | 394| | 368| | Final Dividend| 171| | 140| | 110| | | 1810| | 1322| | 748| | | | | | | | | Net Current Assets| 761| | 305| | 420| | Net Assets| 5896| | 4816| | 4079| | | | | | | | | Long-term Liabilities:| | | | | | | 9% Debentures 2016| 750| | 750| | 750| | | | | | | | | | 5146| | 4066| | 3329| | | | | | | | | Shares reserves| | | | | | | ?1 ordinary shares| 1000| | 1000| | 1000| | 6% Preference shares of 50p ea,| 500| | 500| | 500| | Retained pr for yr| 613| | 556| | 562| | Profit loss| 3033| | 2010| | 1267| | Shareholders funds| 5146| | 4066| | 3329| | Ba Finance By 1985 Arthur had already sold his dairy herd to focus on cereal production when a fortuitous meeting with Lucy Bellingham at a business conference led him to reconsider the future of the family farm. Bellingham is a designer of bespoke fitted kitchens who had a business plan but little capital. The plan was to manufacture top quality fitted kitchen furniture and establish design studios/showrooms in high income areas. Having recently sold his dairy herd, Arthur had enough capital to fund the new business and also a number of large barns and outbuildings suitable for manufacturing the kitchen units subject to refitting and planning consent being obtained. Lucy’s business plan was so convincing that Arthur decided to get out of farming altogether (by leasing his arable land to a local co-operative) and focus on developing the new business. From this small beginning grew the now publicly quoted company of Bellingham plc. Initially, showrooms were established in Beaconsfield and then Kensington. Demand for their kitchens was brisk and â€Å"Bellingham Bespoke Kitchens† expanded rapidly but remained a partnership. The firms clients are mainly celebrities from the entertainment world and the cost of a Bellingham Bespoke Kitchen is now ? 40,000 – ? 150,000 or more. The firm was restructured as a limited company in 1990 and subsequently experienced rapid growth until 1999. In that year the then directors decided that the business had reached the limit of development in it’s present form. Future development required large-scale expansion of production facilities in order to provide the range of materials, furniture, quality and prompt delivery required by their discerning clients. This in turn needed an injection of capital that the directors were unable to generate themselves. The conviction that there was much money to be made from â€Å"quality fitted kitchens† † had been vindicated. They investigated a number of possibilities deciding eventually to expand production facilities by purchasing a modern production unit on an industrial estate in Aylesbury. The expansion was funded by a stock market floatation and raising the necessary capital in the name of Bellingham plc. As the market grew and to keep abreast of new production technology, the directors agreed to reverse the maxim so dear to the heart of the founders, Arthur and Lucy; â€Å"neither a (long-term) borrower nor lender be. † They financed updating of equipment and premises by means of issuing debentures. It is now October 2012 and the present directors of Bellingham plc believe that the long-term success of the company lies in future international diversification and expansion. They consider that the most beneficial action they could take is to investigate the acquisition of a subsidiary in the USA. The newly-appointed finance director, Bill Moneypenny, agrees with this opinion but insists that the company must first appraise its own current position and if necessary, make changes to strengthen its existing financial situation before embarking on new plans. He is particularly concerned that the company should preserve adequate liquidity and finance its assets in a beneficial manner. He is also concerned that too much emphasis has been placed on â€Å"pandering to the whims of the rich and famous† and not enough on running an efficient business operation. Lucy and Arthur still retain 30% of Bellingham’s equity and other long-standing directors own a further 20%; a change of control is unlikely to be welcome. During the last two years, the company has updated it’s design, production and showroom assets and, in what has been a difficult year, has been able to maintain sales and profit growth (see Bellingham’s accounts in appendix 1). There has been a great deal of uncertainty about world economic growth and stock markets have been extremely volatile resulting low returns. However the firm’s ordinary shares have made good progress during the year. Ordinary share dividends have achieved substantial growth over the last two years although this rate of increase is not expected to continue. Ordinary dividends have grown at an average rate of 14% per annum over the past 10 years and this rate is a more realistic growth rate for future dividends. The present market prices for Bellingham’s shares and debentures are: ?1 Ordinary shares? 7. 02 ex div ?0. 50p, 6% Pref shares? . 55 ex div 7% Debentures 2016? 100. 51 ex interest Any new venture would be expected to achieve a return on capital employed in line with that experienced recently by Bellingham plc. The finance director favours a payback period of 5 years. Bellingham would therefore need to agree a realistic acquisition price for such a new venture and its future cash flows in order to determine whether these criteria could be met. Although a number of investment projects are being considered, the main proposal currently being investigated offers an expansion into the US prime-property market which is forecast to grow faster than the UK market. Bellingham’s finance director has already calculated the trends in the financial ratios of American Creations, an unquoted US company, from its unaudited annual accounts (see appendix 2) and has concluded that the proposal is now worthy of further investigation. American Creations is a family-owned venture requiring further capital to repair it’s balance sheet after making losses on a property development in Nevada from which it has now withdrawn. Profits have suffered in the last two years due to write-offs associated with this development. The existing owners feel that the firm’s future lies in establishing wider international links and the retirement of senior family members, leaving the younger members active in the management of the firm. They are therefore considering selling a controlling interest of 60% to a suitable company. The firm has been established for 23 years, and is well respected in business circles. The average age of its fixed tangible assets is 3 years. The directors have indicated that they may accept part payment in Bellingham shares subject to negotiation. The firm’s nominal share capital is $2. m, and the directors have indicated that they value the firm at five times the year 2010 net profit. They consider this to be the firm’s â€Å"normal† level of profit excluding the â€Å"extraordinary† effects of the Nevada development. As the firm is at present family owned and run, there is no available price/earnings ratio. P/E ratios for the only two publicly-owned c ompanies in the same business sector, Harvey Wilkinson Designs plc and Cucci Lifestyle plc, are currently 10 and 8 times respectively although both of these firms, unlike Bellingham, operate internationally. Wilkinson has grown at a similar rate to Bellingham. The dividend yields of these companies have been as follows: WilkinsonCucci Year to 31 December 2011 8. 1% 7. 25% 2010 7. 2% 6. 9% 2009 5. 3% 5. 95% American Creations has its own manufacturing facilities and operates throughout the USA and Caribbean with design offices in New York, Miami, Los Angeles and Colorado Springs. Their main business, which is thriving, involves complete home furnishing and interior design for wealthy clients. In addition, the firm has a real estate office in each location and is thus able to offer a complete property service. The value of properties handled by the real estate offices is typically $5m – $20m. Bellingham is interested not only in extending its operations internationally but particularly in the possibility of diversifying into the real estate business. Whilst well aware of the existence of a number of competitors, the directors feel that there is a ready market in the US for their established name in terms of design flair, service and products. After discussions with the directors of American Creations, Bill Moneypenny has produced the following forecast. Under average economic growth conditions, the American Creations operating forecasts (in $*1000) for the next five years are based on the following: Income:from Sales: $7500 in 2013, rising by 12% per annum for the foreseeable future. from real estate sales commissions: $2850 in 2013 increasing by 15% per annum for the foreseeable future. Manufacturing variable costs: Labour: $1250 in 2013, expected to increasing by 8% per annum. Materials: $3800 in 2013, expected to increasing by 5% per annum. Fixed costs excluding depreciation: Manufacturing O/H: $2065 in 2013, increasing by 5% per annum. General O/H: $1850 in 2013, increasing by 2% per annum. Depreciation:Factory, machinery vehicles: $500 per year. Office/Design Studio fixtures: $200 per year. The beta of Bellingham plc is believed to be 1. 65 , the risk-free rate of return is 5. 5% and the return for the last year on the FT All-share index is 2%. UK corporation tax is currently 32% payable 9 months after the end of the accounting year in question (you may assume for the purpose of this case that accounting profit and taxable profit are identical. ) Bellingham’s directors estimate that the after-tax profits of American Creations could be allocated as follows: 70% as retained earnings and 30% as dividends. This has been the pattern under the under the present ownership. There would be no restriction on the transfer of the appropriate share of these dividends to the UK. The US corporation tax rate applicable is 20% payable in the year in which the profit arises. There is no double taxation of profits of US origin in the UK. (For the purpose of this case, ignore the possibility of any withholding taxes and the effects of foreign exchange risk. It is considered possible that, as the US economy develops further, even higher wages than those forecast may be demanded by the workforce. Required: Evaluate the American Creations proposal on behalf of Bellingham plc, supporting your arguments with relevant theory and calculations and indicating any non-financial matters you feel should be taken into consideration. Your report should consider the following areas: 1. An analysis of Bellingham’s current position using relevant financial ratios. You should show the calculation of the ratios and provide interpretation of the results. . Calculation of Bellingham’s cost of capital, using alternative methods and arriving at the most appropriate figure. 3. An investment appraisal of the American Creations proposal assuming the valuation suggested in the case, using a variety of methods and evaluation of the results. 4. A sensitivity analysis of the proposal and interpretation of the results. 5. Calculation and discussion of alternative valuations for acquiring the share in American Creations and how these would impact on the investment appraisal. 6. A discussion of the various available methods of financing the acquisition and consideration of which is the most appropriate. Your calculations and arguments should be supported by relevant theory, with evidence of wide reading around the subject. You should provide a complete bibliography with appropriate referencing in your report. Submission requirements: Your answer should take the form of a written report of approximately 2500 words excluding appendices and the reference list. Deviations from the word count exceeding plus or minus 10% will attract a penalty of 5%. The hand-in deadline for submission is 23. 0 on 25th November 2012. Submissions up to 24 hours late will attract a 10% penalty whilst those beyond 24 hours but less than 1 week late will be capped at 40%. Reports submitted more than one week late will attract a mark of zero. Submit one electronic copy via Studynet. This is an individual assignment and the report submitted should be entirely your own work. Appendix 1:B ellingham plc| | | | | | | Abridged Trading, Profit Loss Account for the year ended 30th June 2012:| All amounts are in thousands of pounds sterling| | | | | | | | | | | | | | | | | | | 2012| | 2011| | 2010| | Sales| 9606| | 7564| | 6100| | Production Cost| 4034| | 3101| | 2240| | Gross Profit| 5572| | 4463| | 3860| | | | | | | | | Selling Expenses| 1467| | 1250| | 1080| | Installation Expenses| 1689| | 1300| | 980| | Administration Expenses| 960| | 630| | 597| | Operating Profit| 1456| | 1283| | 1203| | Debenture Interest| 53| | 53| | 53| | Profit Before Tax| 1403| | 1230| | 1150| | Corporation Tax| 449| | 394| | 368| | Profit After Tax| 954| | 836| | 782| | Dividends| 341| | 280| | 220| | Retained earnings| 613| | 556| | 562| | Balance Sheet at 30th June 2012:| | | | | | | | | | | | | Fixed Assets (net):| | | | | | | Land Buildings| 2300| | 2400| | 2500| | Plant Machinery| 1700| | 1186| | 552| | Fixtures Fittings| 700| | 600| | 402| | Motor Vehicles| 185| | 140| | 105| | Office equiptment| 250| | 185| | 100| | | 5135| | 4511| | 3659| | Current Assets:| | | | | | | Stocks: Raw Materials| 216| | 208| | 182| | Work in Progress| 200| | 205| | 190| | Finished Goods| 150| | 128| | 97| | Debtors| 1775| | 950| | 595| | Bank/Cash| 230| | 136| | 104| | | 2571| | 1627| | 1168| | Current Liabilities:| | | | | | | Trade Creditors| 1190| | 788| | 270| | Corporation Tax| 449| | 394| | 368| | Final Dividend| 171| | 140| | 110| | | 1810| | 1322| | 748| | | | | | | | | Net Current Assets| 761| | 305| | 420| | Net Assets| 5896| | 4816| | 4079| | | | | | | | | Long-term Liabilities:| | | | | | | 9% Debentures 2016| 750| | 750| | 750| | | | | | | | | | 5146| | 4066| | 3329| | | | | | | | | Shares reserves| | | | | | | ?1 ordinary shares| 1000| | 1000| | 1000| | 6% Preference shares of 50p ea,| 500| | 500| | 500| | Retained pr for yr| 613| | 556| | 562| | Profit loss| 3033| | 2010| | 1267| | Shareholders funds| 5146| | 4066| | 3329| |

UK Luxury Fashion Online Retailer Net-A-Porter Coursework

UK Luxury Fashion Online Retailer Net-A-Porter - Coursework Example From this paper it is clear that Net-a-Porter is a luxury fashion retailer that provides products and services to customers online. The main USP of the company’s website is that it is designed like a magazine. Presently the company has many brands popular that it retails including  Yves Saint Laurent,  Diane von Furstenberg and Stella McCartney.  Although the economy of UK and US is experiencing a general slowdown after the global financial crisis, the company shows no signs of holding up operations. It has recently launched a beauty products segment, a new publishing business, and planned logistics expansions in the Asia-Pacific regions. The company also  added a dedicated sportswear section to their website.This discussion highlights that the company presently operates in three offices located in two countries, US and UK. It is headquartered in London and it has distribution centres in US. The business model of Net-a-Porter is e-commerce based and hence it provides 2 4/7 services to customers. It has 2600 employees and it is also planning to expand full-scale operations in emerging economies such as China where the demand is very strong. The main products of the company may be classified into major segments, apparels and accessories. Different types of luxury clothes are offered by the company including beachwear, coats, bridal, Denim, gowns, jumpsuits, shirts, sportswear, premium suits, jeans and jackets. The accessories include products like belts, gloves, jewellery, hats, shoes, etc.      

Your report will apply a theoretical framework used in the study of Essay

Your report will apply a theoretical framework used in the study of organizational culture (e.g. those developed by Schein, Hofs - Essay Example One of the most common definition that most of the researchers and authors have agreed upon defines organizational culture as a mixture of norms, values, beliefs, attitude and behavior that guides an individual working in the organization to be disciplined and organized in order to promote safer and healthier working environment. It has been witnessed that the concept of organizational culture that was once seen as â€Å"how things are to be done in an organization† (Drennan, 1992) have significantly evolved with the passage of time. In order to evaluate the changes in organizational culture, Apple would be taken as an example to analyze the concept of organizational culture. The aim of this assignment would be to evaluate the organizational culture of Apple Inc., and to do so, Hofstede’s theory regarding organizational culture would be taken as the primary theorotical framework. Furthermore, a brief argument would also be provided regarding the selection of Hofstedeâ⠂¬â„¢s theory on organizational culture rather than theories provided by other prominent researchers (i.e. Schein, Weick, Handy/Harrison or Duffy) followed by analysis of the organizational culture under the light of theory proposed by Hofstede.... ound $3.30 but with the passage of time and with the changes made in the organizational culture, the organization was able to enhance its share price to $339.87 in 2011. For the customers, the brand Apple represents prestige, quality, innovation and creativity. Due to its vast range of products, the organization is reported to be worth $153 billion, making Apple the most successful and valuable brand in the corporate world. Due to such prestige and respect in the market, it has been constantly reported that many organizations are consistently trying to copy business model incorporated by Apple but none of such organizations were able to discover the factors that made the organization so special in the market. Many believe that Apple’s success lies in its corporate culture that embraces enthusiasm and innovation which provides the organization with an ability to satisfy the needs and wants of the customers in the market through its constantly evolving and technologically advanc ed products. The combination of such qualities has constantly provided the organization with an opportunity to revolutionize the technology as well as the retail industries. Being such a technologically advanced company, it has been observed that Apple was named as the most admired company in United States in 2008 by Fortune Magazine. In addition, the company was also named as the most successful organization in the world from 2008-2012 by Fortune Magazines. Apple’s Corporate Environment The working environment for the employees at Apple is harder than hard. This means that the employees are constantly pushed to exceed their potential limits. As indicated by several reports, Apple’s corporate culture is just too ruthless making it a piece of mystery for the corporate world. The foundation

Ancient Greek political thought Essay Example | Topics and Well Written Essays - 750 words

Ancient Greek political thought - Essay Example Through the said goal to achieve goodness and happiness, one of the main concerns is the subjectivity of the views of the people. One’s goal can be another human beings greatest fear. An achievement can be good for a person but not a source of happiness for another (Aristotle Book 1 Chapter 1). Due to the said view and the attempt to explore ethical issues, Aristotle found it fitting to search for the way by which human beings can achieve common happiness thus the need for synchronization and harmony in their actions and activities. To be able to achieve such goal, Aristotle expressed the need for politics. According to him, if every person is aiming for the happiness based on his own perspective, there will come a point wherein his happiness would be hindered by the fact that another person’s goals are prohibiting such occurrence. In such scenario, conflict can be considered inevitable. This can then be considered as the end to one’s happiness despite of the fact that the person is continuously working for it. For that matter, it can be considered that in the quest for one’s happiness, it is important to consider needs of other people. This can then define the chief goodness or the happiness of the people (Aristotle Book 1 Chapter 2). Based on the view of Aristotle then, it is important to aim for common happiness of the people. This according to him can be undertaken through politics which he defined to apply the different fields of sciences. Due to the said fact, it can then be considered to target the good of man and inevitable the achievement of happiness. He then expressed that consequently, the application of political thoughts can lead to happiness. Socrates on the other hand expressed that the way to achieve happiness is through a virtuous life. A life of contemplation and wisdom to live beyond material issues can be considered as the main

Entrepreneurship&Change Assignment Essay Example | Topics and Well Written Essays - 3000 words

Entrepreneurship&Change Assignment - Essay Example There is need for entrepreneurship therefore to accept this change management considering that it has been a field that is significantly growing over the years. Flexibility therefore is fundamental to put up with this change. Entrepreneurs are individuals who are involved in innovation and creation of new ideas and therefore need to be in line with the current states in order to attain success in their innovation. The only way that they can be in line with the current state is by accepting to adopt change management. Flexibility will allow them to be able to leave behind the ideas that are not successful and adopt new ones that are more consistent with the present conditions and operations (Charantimath 2006). Accepting change management is an important step in achieving success in entrepreneurship. One of the reasons why change management should be accepted in entrepreneurship is because it increases the need for entrepreneurs to explore new opportunities. Entrepreneurship is a field that involves creation of new ideas and considering the changes that occur in the global world, there is need for entrepreneurs to accept change in order to be able to put up with the changing business environment. According to Charantimath (2006), change management will require the entrepreneurs to be flexible enough therefore for them to be able to analyze new opportunities that the global changes expose them to. Change management is crucial to helping the entrepreneurs to discover the opportunities that the global changes expose to them. The ability to explore new opportunities is therefore an indication of successful entrepreneurship. Another reason why accepting change leads to successful entrepreneursh ip is that change management results to success in dealing with harsh competition at the local as well as global levels. This competition can be attributed to globalisation, which results to change in the business environment exposing the business organisations harsh conditions

Food and Beverage Operations Management Essay Example | Topics and Well Written Essays - 4500 words

Food and Beverage Operations Management - Essay Example As the report highlights food production systems vary in methods of preparing, cooking and serving food to generate meals served to the customer. The methods differ in terms of the actual location where food production takes place, the total time from preparation to service, number of stuff required, quantity of food produced and the level of hygiene and control. The main considerations in food production include quality of raw materials, food hygiene, minimal wastage, proper food storage, suitable preparation of every food item, employees’ compliance with handling regulations and cooking foods to the proper temperature. Food production methods include centralized distribution, sous-vide, cook-freeze, cook-chill and conventional method.This essay discusses that cook-chill method is a catering system founded regular preparation and cooking of food and subsequent chilling and storage in monitored low temperature conditions. Food is then re-heated prior to consumption. The chille d food is rejuvenated in finishing kitchens that necessitate minimum staff and low capital investment. During the process goods are brought into the kitchen store, followed by preparation and cooking, portioning, packaging, blast chilling, re-heating and eventually consumption. The cook-freeze system of production entails taking goods into the kitchen, preparing and cooking, blast freezing, blast thawing, re-heating and serving when customer orders food. Food and beverage service was customarily viewed as a delivery system.

Human service paper Essay Example | Topics and Well Written Essays - 1250 words

Human service paper - Essay Example The professionals further require understanding the individual’s knowledge, the society and relationship to family and culture of the client (p.13). In human services, the client and the helper establish a relationship that enables the client to focus on the problems early in the helping process. Abraham Maslow in the hierarchy of needs emphasized that in order for an individual to rise to the higher levels the lower level needs must be met. Most of the clients are usually overwhelmed by their problems such that they are clueless on where and how to start. Usually it is best to commence from the most basic needs (p. 17). These factors are just, but a few to be considered when dealing with human services and should be highly valued by all stakeholders of the human service to achieve results. In the 1500s, the Catholic Church was tasked with the responsibility of offering human services to individuals. Under the church’s guidance, institutions were founded to meet the needs of the poor, orphans, the elderly and the sick (p.31). The hospital also served as a pivotal point where people not only accessed medical facilities but also were fed, housed and rested. For instance, England under the Crown’s rights held that it was the responsibility of the king to protect people with needs, especially the mentally challenged and provide them with necessities of life. Feudal lords also assumed responsibility of people living with disabilities in their land. With the onset of the industrial revolution, the poor put a strain on the government in England. This prompted a policy that was meant to tackle poverty in large scale. The Elizabethan poor law of 1601 was passed (Woodside & McClam, 2011). This law offered a guideline to England and the United States on specifications on who could provide human services to the poor for the next 350 years. This law is part of the processes that recognized trends of poverty and a dire need for human

Comparison of Two Companies Essay Example | Topics and Well Written Essays - 3000 words

Comparison of Two Companies - Essay Example In the year 1929, Cohen opened the first ever Tesco store in North London. During the 1930s, the company experienced growth as Cohen began to buy stores in the expanding London suburbs, and in the year 1947 the company became a public company. It was in 1958 that the first supermarket was inaugurated in Maldon, Essex. Household goods became item of sale for the company from the year 1960. In the year 1993, the company introduced Tesco Value which allows the customers to choose goods from a wide range of products at attractive prices. The company gained international status in the year 1995 after capturing the Hungarian market. It entered the Chinese market in the year 2004 by opening 100 stores and the US market in the year 2007 under the name Fresh & Easy. In the year 2012, Tesco for the first time started online shopping service with a wide range of fresh and frozen food. Since its inception the company has consistently flourished and today it has more than 53,000 people working fo r the company, and caters to more than millions of customers every week (â€Å"Tesco: History†). The company’s mission is to provide the ultimate shopping experience to its customers. Morrisons Supermarket is the fourth largest retail chain in UK with more than 500 stores. Food and grocery are its main products sold in weekly stores. For over 100 years, Morrisons Supermarket has ruled the retail market of the UK. The founder of this chain of retail stores is William Morrison, an egg and butter merchant, who opened his first store in the year 1899 in Bradford market. In the year 1967, Morrisons was declared as a public company with 80,000 shares becoming instant demand among investors. After showing high sales and a consistent increase of profit for 35 years, the company joins the FTSE 100 for the first time in April 2001 (Morrisons: Company History). As of 2013, Morrisons has captured 11.8 percent of the  £101bn value of UK grocery store market.

It is in description Essay Example for Free

It is in description Essay 1.The Salon was extremely important for artists wanting to establish their reputations. How do artists address that same challenge today? For all its pomp and popularity, the manner in which The Salon aids in establishing artists mainly through the same way that people seek to establish themselves in today’s modern times; finding a means to showcase one’s works to as many people as possible. This was answered by The Salon by providing a grounds that had no parallel in popularity, hence reaching multitudes of audiences at any given year. Nowadays, with the absence of such tightly-knit cultural circles such as those in the visual art field, modern technology allows for artists to reach out and display their works for al to see, in an even more convenient way – through the internet. There are websites that host image displays, allowing artists to create a portfolio that is easily accessible and available at any time at their whims. Given time and popularity, one may even venture out into creating one’s own website for the purpose of galleries and whatnot. 2. How did art reflect the periods preoccupation with science? At the time, architecture was already undergoing a transformation due to the influence of neoclassicism. However the biggest reflection of science in art during this period was the introduction of the Industrial Revolution which took place from the 18th century to the 19th century. This reflected in art pieces and such, showing the change taking place not only in art but in the development of mankind in a way where artists are somehow likened to historians, keeping tabs on the development of man 3. How did revolution influence art in the eighteenth century? What revolutions are influencing art today? Art in the 18th century were influenced deeply by the French Revolution as political and structural change we being implemented left and right. These changes found their way into art as well, for the change in society is often reflected in art through means descriptive of change as well. Not only was it the French Revolution that affected art in this way, but the Industrial Revolution as well. Nowadays, art is being greatly influenced by the digital revolution, wherein visual art is created through computers. 4. Neoclassicism was popular in Europe and the United States. (Just take a look at the government buildings in Washington, D. C.) Why was the style so appealing? What did the builders expect the style to express? Why do we think it represents us? Neoclassicism became very popular in the United States as well as in Europe for the fact that it allows one culture to honor their traditions in architecture, paying proper homage to that which had been developed by their forefathers, meanwhile allowing a bit of leeway enough to alter these traditions in manners unoffensive to the past. May of those who sought to incorporate this style in building were able to do so, honoring traditional values and developing current ones. It is deemed to represent us so aptly as it is important for one people to respect and honor and especially remember their heritage. 1. Technology radically changed 19th century architecture. What are some of the changes that modern technology has brought to architecture? How do those changes make our lives easier? How do those changes make our lives easier? How do they sometimes complicate our lives? With the introduction of innovation, most often the perception of man that has endured for so long – often as long as it took since the last revolutionary technology – takes a drastic overhaul; a major if not total restructuring or reinventing of tried and tested theories as well as practices. The art field is no different. With the introduction of modern techniques, from brushes to pens to digital media, art has undergone many transitions from one media to another, and from one technology to the next. Architecture, for example, has made developmental leaps and bounds through time as proved by the wildly varied architectural styles from different periods. Even as we enter the modern age, architecture continually develops to suit the needs of the current societal trends as well as tastes. Modern technology made it possible for new concepts in architecture to arise such as use of materials that treat the air around it, and conveniences such as with durable materials that remain lightweight yet sturdy. Advancements in modern technology have made it convenient to set into stone concepts that would not have been possible before. However, some of these concepts that up until recently had not been possible also allowed the creation of other architectural experiments that serve no true purpose than to prove its possibility, at the cost of practicality. 2. Why were historical styles popular in the 19th century? What did artists and architects hope to achieve by executing those styles in new materials? From the year 1800 until the end of the century in the coming of the year 1900, many architectural styles had grown in fame as well as practitioners, 19th century Victorian architecture in the land of Glasgow, Scotland, for example, is one of the more popular historical architectural styles of the century. It had reached its climax in popularity during 1817 – 1875 and was used to denote a grand sophistication about the structures at the time. It symbolized the boldness as well as the audacity and wealthiness of the people of Glasgow and even now, with the incorporation of the styles, it showcases the grandeur and bravura and pride within one’s self. 3. Baudelaire urged artists to paint the heroism of modern life. How do painters and sculptors address that challenge today? Why do artists still think its important to do? Charles Baudelaire’s concept of â€Å"The Heroism of Modern Life† was one he so boldly ventured forth in doing as presented in Salon of 1846. Nevertheless, there are still quite many artists who see it fit to tackle such sensitive matters in the way Charles Baudelaire did: blatantly painting a picture of despair and misery, all the time extending the factors of hope and mystery. This is deemed important by many artists of today especially in the trying, troubling times that beplague humanity today to show that no matter what adversity we may face, there will always be hope. 4. When photography was first invented, artists claimed it wasnt art because it was a mechanical process. What inventions are available to create visual images that people do not consider to be art? Why do artists still use them? The classification of photography by most visual art purists as a field unfitting of the term art stem from their perception of visual art as something that has to be rendered solely by the hands of the artist. As such they tend to discriminate against photography, wherein the images captured themselves may have long been around to have not been rendered or created by the photographer. However, the fact that photographers are   able to create visually appealing photographs are often the results of their development of various artistic talents; mastery of composition, knowledge of depths, and a keen eye for that which although seemingly mundane may be captured on film in such a way that exudes aesthetically pleasing qualities, hence should be considered art. In the same sense, these artistic purists also look down upon those who are able to create art through means that may be easily reproduced. Art trades such as the use of typography, mosaics, stencils, and the like are easily dismissed as not art or at least a lower form of it. What is often overlooked with these said fields – including photography – is that the conceptualization alone of these images is already an art in itself, let alone the execution and process of putting these said ideas into visual imagery. Thus artists continue to use these as they do not necessarily hamper ones artistry, but rather opens new opportunities to expand the possibilities of visual creation.

The Chancery Procedure in the Juvenile Court, in The Child, The Clinic, and the Court Essay Example for Free

The Chancery Procedure in the Juvenile Court, in The Child, The Clinic, and the Court Essay From 1899, the juvenile court has always handle three types of juvenile cases. These cases include: child neglect, abuse and other status offences. Juvenile delinquency cases are unlawful action that is performed by the minors which would therein be crimes if they were partaken by adults. Status offences are on the other hand noncriminal offences which are deemed offences if they are committed by the minors. The common examples of these status offences include running away and truancy. Till 1960s, both noncriminal and criminal behaviors were all considered to be forms of delinquents. Hence the law did not differentiate between delinquents and status offenders. In neglect and child abuse cases, the court will always provide protection for children who are abuse or neglected. In the year 1994, delinquency cases made up to 64% of the total juvenile cases in these courts, with status offences making 15% and neglect and abuse cases making 16% of the total national juvenile court cases. I have discussed all these types of these cases below with the description of these court processes that are involved in the handling of these cases along with the current policy issues which are involved. It is worth noting that though these cases seem to be different from each other, there are some common themes and values which are applied in handling these cases. The most obvious of these is the judges which are handling these cases to note that these children need to be taken care of for their development in making legal decisions making much attention to the legal needs of children along with their families. Secondly, even if the court is one of the institutions that work to the betterment of the families and children, it is posed with a unique and awesome power in delinquency, child abuse cases and the status offences cases. Juvenile court has powers to separate the children from their parents, can also order these minors to live in confined places, also they can end the biol ogical right of relationship between a child and the parent and create for them other new parental rights. As these decisions are deemed to be very serious and fundamental to the well being of children, ensuring these courts possesses adequate resources is very vital as it handles every type of cases. Judges require information, workable facilities and adequate training so that it can be able to handle these cases in the most appropriate manner. Adequate representation of all the involved parties should always be in the court proceedings. All the communities need to have safe, effective program and placements which are available for children coming before the court. As it would be very clear from the subsequent discussion, these courts handle very difficult workloads and involves the most emotion laden and very controversial issues in most parts of the society. Because of this, these decisions have in many cases faced disagreements. The extent to which these cases should be equipped and expanded to equip them with the resources that are required for them to adequately perform their roles has formed basis of many discussions and debates. Lastly, as these courts make decisions which are very vital in the societal development, they are most often the subject of the social media and in most cases form the basis for political platform. So judges should always have the urge to play leadership roles, both in the agencies which serve children and the broader community so as to encourage thoughtful and deliberative approaches to all these problems, instead of other approaches which are reached hastily. Delinquency The juvenile handling of the delinquent case is the one which is always handled by these courts in the general public perception. When unlawful deeds are committed by the minors, these cases are usually brought under these courts as delinquent cases. These cases in most cases include petty theft, misdemeanors, vandalism and also some kind of felonies like robbery and other aggravated assaults. The maximum age handled by these courts are typically determined by the state laws. In the District of Columbia and other 37 states, the maximum age for this is 17 years of age, in other 10 states it is 16 and in the rest 3 this is set to a maximum of 15 years. Currently these courts have become the centre stage for public concern due to the increasing number of crimes and the high rate of juvenile related crimes. Recently these courts have been criticized for their perceived leniency towards their decision on these juvenile delinquents. One of the best examples of this is the inability of these courts failure to impose sentences that go beyond 21 years of age. High visibility and serious violent crimes that are committed by minors have always captured the public interests and attention drawing juvenile offenders’ treatment to get tougher on crimes that have been popular politically for the past twenty years. This public fear of the juvenile court jurisdiction has resulted into some changes in the jurisdiction of the juvenile courts. Since 1992, the executive and the legislative branch in 41 states has hence limited the jurisdiction of the cases that involve chronic offenders, violent and shifted these court cases from their rehabilitative tradition which have involved addressing offenders rather than the offences which has been committed toward a more punitive system which is focused on the offence itself. For instance, 14 states in the year 1990 had to amend their codes to clearly list public safety as the sole purpose of the juvenile justice system; the punishment is listed as either primary or one of the several purposes of the court system in 28 states. The most significant thing that has happened since 1992 is that all but 10 states have structured adult courts in a manner that they can be able to handle juvenile cases. In most of the instances when the minors are convicted in the a dult courts, it really posses a possibility that the minor may be sentenced to the prisons instead of being placed in juvenile facilities that offers rehabilitative programs. Even though the violent juvenile cases grab most of the interest and headlines from the media and tend to have the highest influence on the justice system, most of the juvenile courts handle less serious crimes. Mostly, the highest numbers of cases that are handled by most of the juvenile courts involve cases like vandalism, motor vehicle theft in which they mostly belong to their parents and larceny cases. In 1992, police made a lot of juvenile arrests and contrary to the perception of the public; the most serious charge was a property offence charge in the 57% of the total cases. Offences against persons like assault and robberies comprised of 215 of the total cases, disorder conduct which is a form of public order offence showed to be like 17% of the cases with the 155 being taken by the drug law violation. In spite of the young people being not disproportionately responsible for the most violent crimes, they always commit more than their share of property criminal offences. For instance in the year 1992, the youth aged between 10 to 17 years of age comprised 13 % of the US population and they were responsible for like the same percentage of their population of all the violent crimes which were committed in this year and they were responsible for more than 23% of the property crimes which is more than their proportion portion of their population. Purpose of the research Currently it has been more than 100th anniversary of these juvenile court approaches. This paper will provide an insight for the explanation of the cases that are handled by these courts along with the current trends and issues that have cropped up in these juvenile courts. The main goal of this research paper is to present an apparent description of these courts today and hence address the future challenges along with the recommendations to be adopted. This paper majorly addresses the court’s status and their ability to handle these cases along with the improvements that should be adopted for these courts to be able to partake their roles in the most appropriate manner. The research methodology In my data collection, I will employ both primary and secondary data methods of data collection. Primary methods Census- I will carry out census where I will talk to the many stakeholders and other involved associations and institutions although this method is somehow expensive because of the cost involved. Samples- I will sample out some of the involved people and stakeholders Observation- I will visit some of the juvenile courts to get the real state on the ground. The secondary sources of data collection Questionnaires- I will develop many questionnaires which I will use to get the information required to carry out my research. Surveys- through the questionnaires, I will sample out and send some surveys to the stakeholders and these specialized institutions. Books, web, magazines, journals and other online sources- I will use the already available written materials to get complete insights on this topic. In my data analysis, I will include the following methods of data analysis Content analyzes This is the most simple and widely employed method of data analysis. It can be defined as the systematic description of behavior which asks, who? Where and how? And what questions within a formulated set of rules so as to limit the effects of bias in analysis. It could be the most preferred technique which is employed to analyze semi-structured interviews and cognitive interview testing. Narrative analysis- I will employ narrative analysis to analyze data where I will focus on the people’s stories and how they think about the issue in question. Although I will not treat these stories as the true facts I highly employ them to get how people think and feel about these juvenile courts. 3. Grounded Theory This is the most standard and classical technique that is employed in analyzing social data. It uses hierarchical and systematic data set. It develops a set of inductively derived hypothesis that is grounded on the data. Triangulation In this method of data analysis I will combine both the quantitative and qualitative data analysis to come up with a precise data interpretation. Data presentation In my data presentation, I will employ many methods which would be very appropriate for this data. Frequency distribution table In this method I shall be focusing on the occurrence of a certain variable like a certain facility in the juvenile courts according to each state court system. Graphical methods Here I will try to focus on the relationship of variables in the court system. Charts These will be used to show the extent to which a certain variable has been employed in the courts. References Julian Mack, The Chancery Procedure in the Juvenile Court, in The Child, The Clinic, and the Court (1925), p. 310. Julian Mack, The Juvenile Court, 23 Harv.L.Rev. 104, 119-120 (1909).Shears, Legal Problems Peculiar to Childrens Courts, 48 A.B.A.J. 719, 720 (1962) January 2007 publication, California’s Criminal Justice system.Vitaly Friedman (2008) Data Visualization and Infographics in: Graphics, Monday Inspiration, January 14th, 2008. Lengler, Ralph; Lengler, Ralph. Periodic Table of Visualization Methods Source document

Factors Affecting Contrast In An Xray Image Health Essay

Factors Affecting Contrast In An Xray Image Health Essay To test resolution, a line pair guage is used. To measure MTF in an x-ray system, the sine wave equivalent of a line pair gauge is used. The closest distinguishable pair of cycles determines the best MTF, it is quoted in cycles per mm [2]. A common way to express the system resolution is to quote the frequency where the MTF is reduced to either 3%, 5% or 10% of the original height [3]. MTF and spatial frequency are related by MTF curves. Examples of MTF curves are given below; Mammography System: Fig 2: MTF curve for a mammography system [4]. Chest Radiography System: Fig 3: MTF curve for a typical chest X-ray. Three different detector types are indicated on the plot [5]. Fluoroscopy System: Fig 4: MTF curve for a Fluoroscopy system with plots shown for individual components of the imaging process. The film and the optics have excellent resolution. The MTF of the imge intensifier is shown to have a limiting resolution of approximately 4.8 cycles/mm. The TV camera is the worst in the series, it limits the MTF of the overall image during live fluoroscopy and videotaped imaging. [6] Question 2: Contrast is the variation in brightness or optical density across an image. Factors affecting contrast in an x-ray image include the tube output, or the kVp. This is a measure of the energy of the x-ray beam leaving the x-ray tube and passing through the patient to form an image. X-rays with higher kVp can penetrate deeper into materials. In an image with the correct kVp bone is white and soft tissues and air are gray/black. If the kVp is too high, the x-rays will pass through even dense bone, creating an image that is mostly black with indistinguishable features [7]. The opposite occurs when a kVp which is too low is used. The most suitable kVp depends on the feature under investigation. Also among the factors affecting the image contrast is the patient. The density, the atomic number Z and the thickness of the part of the patient being imaged. Denser tissue, tissue with higher Z or tissue of a greater thickness results in lighter areas on the image because they have blocked the x-r ay from exposing the image receptor. Variation in contrast occurs because tissues in the body attenuate x-rays differently. The human eye can percieve a difference of approximately 2% in contrast between adjacent areas [8]. The final influence on image contrast to be discussed here is the image receptor. In film imaging, the contrast of the resultant image depends on the sensitivity of the film used. To produce an image with the correct contrast, a film with corrresponding sensitivity must be chosen before imaging. In digital imaging, there is no fixed sensitivity. It has the advantage of being able to record the full range of exposures and digital processing after imaging can be used to improve the contrast in the image. Image contrast can be evaluated using a densiometer. This device emits light of a known energy. The light is reflected back from the image and detected by the densitometer. The difference in energy between emitted and detected light is used to compute the optical density (blackness) in that area. Since contrast is the variation in optical density, this method can be used to survey the contrast in the image. Question 3: The following description is based on an article from the NDT database [9]. Spatial resolution of an x-ray system is limitied by the size of the focal spot. Fourier analysis can be used to calculate the focal spot size. X-rays are passed through a test object with a known pattern. This test object is placed between the x-ray source and detector, the arrangement is shown in the figure below. The focal spot of the x-ray is not assumed to be point-like, as the detector is moved away from the source, the detected focal spot appears larger. Blurring of the image by the detector is included, this blurring is related to the point spread funtion (psf) of the detector. Otherwise, an ideal detector is assumed. Image deterioration due to noise is also factored into the description. Fig 5: Setup for determing the focal spot size. The X-ray source, the flat object, and the intensity distribution measured at the detector system lie in different planes for which different coordinate systems with the variables (x, y), (x, y) and (x, y) respectively, are used. This is done in order to include magnification effects in the calculations. The measurement of the x-ray transmission, t, is derived mathematically. This is done by convolving the intensity distribution of the focal spot f with the transmission profile of the flat object g and the detector point spread function d. Also, t is deteriorated by noise, which is taken into consideration by addition of a noise term n to the result of the convolution. In order to take into account the geometrical magnification, V, of the setup, these functions are represented in one of these planes (here the plane of the detector), whereby the physical magnification effects of the setup were observed before the convolution is accomplished, this is shown in the second part of the equation below. The magnification is the distance between the source and the detector system divided by the distance between the source and the object. The Convolution Theorem states that the Fourier transform of a convolution is the product of the Fourier transforms. Conversely, the Fourier transform of a product is the convolution of the Fourier transforms. Using the above equation, a deconvolution of t with gâ‚ ¬Ã‚  (â‚ ¬Ã‚  d yields an estimate of f. In a technique like this, a suitable test object is measured. The resulting image corresponds to a convolution of the test object with the intensity distribution of the focal spot and other factors. Information on the focal spot is derived from this measurement using knowledge on the test object and other influencing values which means that the convolution process is undone to a certain extent. Also, with the presented method an arbitrary two dimensional intensity distribution can be measured, regardless of shape. According to the convolution theorem, a convolution in the spatial domain corresponds to a point-by-point multiplication in the corresponding Fourier domain. Furthermore, according to the addition theorem, an addition in the spatial domain corresponds to an addition in the corresponding Fourier domain. (Note: lower case letters represent functions and upper case letters represent the Fourier transforms of the equivalent functions.) The initial equation now becomes; At certain spatial frequencies | N | can be significantly higher than| F Æ’-â‚ ¬Ã‚  P |. At these spatial frequencies division of T by P mainly increases noise and deteriorates the image quality. This is due to the fact, that information on F is lost at these spatial frequencies. For that reason, independently of the deconvolution method applied, all spatial frequencies which are contained with high intensity in | F | should be contained with high intensity in |P| in order that | FÆ’- P | is significantly larger than | N |. This means that the test object (in combination with the detector imaging properties) should contain the major spatial frequencies which are required to describe the focal spot with sufficient intensity. In this case F can be restored well at these spatial frequencies, which yields a good estimate of f. Question 4: Using a bar phantom similar to that used for determining resolution can lead to an error determining the focal spot size. This is because the line pairs are aligned in one direction only. For accurate measurement of the focal spot size, many images with the bar phantom at different angles would be necessary [10]. To overcome this problem, a star phantom is used. This is a disc of alternating Lead spokes and x-ray transparent material. At a particular diameter of the focal spot the image of the spokes blurs, i.e., adjacent spokes cannot be distinguished from each other. The diameter of the blur is an indication of the focal spot size [11]. Fig 6: Star pattern for testing focal spot size [12] Question 5: 5a. The most obvious parts of a CT scanner are the moving patient table and the gantry or tube. Conventional projection radiography is limited because it collapses 3D objects onto 2D images. CT has a rotating system of emission and detection and so it can give accurate 3D diagnostic information about the distribution of structures inside the body. Inside the gantry there is the X-ray tube, x-ray detectors and slip-rings. The X-ray beam is collimated and radiates in a fan-beam shape. The x-ray emitter and detectors rotate in the gantry to measure projections that form an image that is a slice though the body. There are brushes around the rotating slip-rings to transmit signals. In CT, the linear attenuation coefficient, ÃŽÂ ¼ is measured. This tells how much intensity is lost as the beam travels through the medium. This distribution of ÃŽÂ ¼ is the basis of image formation. There are two distinct motions of the x-ray beam relative to the patients body during CT imaging. One motion i s the scanning of the beam around the body. The other motion is the movement of the beam along the length of the body.   This is achieved by moving the body through the beam as it is rotating around Fig 7: External appearance of a CT scanner. [13] Fig 8: Basic schematic of the construction of a CT scanner. Fig 9: CT image quality and electromechanical acceptance tests. The Priority column indicates which of the tests are the most important. [14] 5b. CT images are formed by multiple intersecting projections. This is illustrated in the figure on the left. In the bottom right section, it is seen that the combination of the projections causes blurring in the final image. The blurring goes as 1/r, i.e., it is proportional to the distance from the centre point. The 2D Fourier transform of 1/r is 1/à Ã‚ . Since the inverse of 1/à Ã‚  is |à Ã‚ |, it is possible to compute the 2D Fourier Transform of the blurred image, multiply the Fourier transform of the resultant image by |à Ã‚ | and the calculate the inverse Fourier transform to obtain a sharper image [15]. Fig 10: On the left, unfiltered back projections and on the right, filtered back projections. The conversion is done in the spatial domain by convolving the projection with the IFT of |à Ã‚ |. Fig 11: The mathematics of the image reconstruction process, can be expressed compactly in the above equation, where the terms have been grouped to reflect the filtered-back-projection approach [15]. 5c. The fundamental system performance indicators are CT number, resolution, noise, and patient dose.26 The accuracy of CT numbers is measured by scanning a water-filled phantom at least monthly. The CT number for water should be zero over a 20-cm-diameter phantom, with a variation of less than 1 CT number. Deviation from the expected CT number of 0 for water at any energy is adjusted by applying a correction factor for the pixel value. Constancy of the value should be monitored with a daily scan. An overall check of system performance is obtained from semiannual measurements of CT image noise, defined as the standard deviation of CT numbers in a region of interest. Constancy of performance is checked by evaluation of the standard deviation in the daily water scan mentioned previously. Resolution is measured by scanning phantoms on a monthly basis. Of particular importance is low contrast resolution, which is a sensitive indicator of changes in component performance as they affect noise. Patient dose is evaluated semiannually. Specially designed ionization chambers provide measurements from which the dose may be calculated for the exposure conditions (narrow beam, variable slice thickness) used in CT. The values should agree with manufacturers specifications to within 20%. [hendee]

Paradigms Essay -- Philosophy Philosophical Essays

Paradigms What do you do when the hypothetical becomes reality? What if something not just unthinkable, but unimaginable, is suddenly proposed to you as a truth. Now, what if this new truth shatters your entire view of the world, of the universe, and of man’s place in all of that. This is a drastic example of a paradigm shift, when people are torn between two different beliefs. Galileo Galilei brought on the paradigm shift that yielded this extreme example when he offered proof of a heliocentric universe in his 1610 publishing Sidereus Nuncius. Thomas S. Kuhn discussed paradigm shifts like this in his 1962 book The Structure of Scientific Revolutions. While it is never an easy transition, once the new paradigm gains acceptance it will offer brilliant new ideas and explorations. It’s not possible to give a modern parallel to Galileo’s early 1600 publishing Sidereus Nuncius. So we must attempt to consider this in the context of the 1600s. Many things that we take for granted today, things that we know from our days in elementary school and never bother to question, were not even conceived yet. There was no gravitation theory; everything naturally moved towards the center. The heliocentric Copernican model had not yet been accepted; everything naturally rotated around the earth. That put earth, and more importantly humans, at the center of the universe. Everything literally revolved around us, and that was how God the Almighty designed it. In order to change from this view, a new one must be proposed, proven, and finally accepted. As Kuhn writes, â€Å"The decision to reject one paradigm is always simultaneously the decision to accept another, and the judgment leading to that decision involves the comparison of bot... ...uble sin. I am alone against thirty thousand. No. Protect you, the court; protect, you, deception; let me protect the truth. It is all my strength. If I lose it, I am undone. I shall not lack accusations, and persecutions. But I possess the truth, and we shall see who will take it away† (Pascal #921). Works Cited Galilei, Galileo. Sidereus Nuncius or The Sidereal Messenger. Trans. by Albert Van Helden. Chicago: The University of Chicago Press, 1989. Kuhn, Thomas S. The Structure of Scientific Revolutions. Third Edition. Chicago: The University of Chicago Press, 1996. Pascal, Blaise. â€Å"Pensees.† Online. Internet. 07 Sept. 2000. http://altair.stmarys-ca.edu/studwork/integral/penseesi.txt. â€Å"Philosophy of Science & Information Technology: A Tribute to Thomas Kuhn† Online. Internet. 07 Sept. 2000. http://www.brint.com/kuhn.htm.

The Brutality of Capital Punishment :: Argumentative Persuasive Essays

The Brutality of Capital Punishment      Ã‚  Ã‚   The use of capital punishment has been a permanent fixture in society since the earliest civilizations and continues to be used as a form of punishment today.   It has been used for various crimes ranging from the desertion of soldiers during wartime to the more heinous crimes of serial killers. However, the mere fact that this brutal form of punishment and revenge has been the policy of many nations in the past does not subsequently warrant its implementation in today's society.   The death penalty is morally and socially unethical, should be construed as cruel and unusual punishment since it is both discriminatory and arbitrary, has no proof of acting as a deterrent, and risks the atrocious and unacceptable injustice of executing innocent people.   As long as capital punishment exists in our society it will continue to spark the injustice which it has failed to curb.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Capital punishment is immoral and unethical.   It does not matter who does the killing because when a life is taken by another it is always wrong.   By killing a human being the state lessens the value of life and actually contributes to the growing sentiment in today's society that certain individuals are worth more than others.   When the value of life is lessened under certain circumstances such as the life of a murderer, what is stopping others from creating their own circumstances for the value of one's life such as race, class, religion, and economics.   Immanual Kant, a great philosopher of ethics, came up with the Categorical Imperative, which is a universal command or rule that states that society and individuals "must act in such a way that you can will that your actions become a universal law for all to follow" (Palmer 265).   There must be some set of moral and ethical standards that even the government can not supersede, otherwise how can the state expect its citizens not to follow its own example.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Those who support the death penalty believe, or claim to believe, that capital punishment is morally and ethically acceptable.   The bulk of their evidence comes from the Old Testament which actually recommends the use of capital punishment for a number of crimes.   Others also quote the Sixth Commandment which, in the original Hebrew reads, "Thou Shall Not Commit Murder." However, these literal interpretations of selected passages from the Bible which are often quoted out of context corrupt the compassionate attitude of Judaism and Christianity, which clearly focuses on redemption and forgiveness, and urges humane and effective ways of dealing with crime and violence.

The Character of Ophelia in Shakespeares Hamlet :: GCSE English Literature Coursework

The Character of Ophelia in Hamlet      Ã‚   Of all the pivotal characters in Hamlet, Ophelia is the most static and one-dimensional. She has the potential to become a tragic heroine; to overcome the adversities inflicted upon her, but she instead crumbles into insanity, becoming merely tragic. This is because Ophelia herself is not as important as her representation of the duel nature of women in the play. Ophelia serves a distinct purpose: to show at once Hamlet's warped view of women as callous sexual predators, and the innocence and virtue of women.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The extent to which Hamlet feels betrayed by Gertrude is far more apparent with the addition of Ophelia to the play. Hamlet's feelings of rage against his mother can be directed toward Ophelia, who is, in his estimation, hiding her base nature behind a guise of impeccability. Through Ophelia we witness Hamlet's evolution, or de-evolution into a man convinced that all women are whores; that the women who seem most pure are inside black with corruption and sexual desire. And if women are harlots, then they must have their procurers. Gertrude has been made a whore by Claudius, and Ophelia has been made a whore by her father. In Act II, Polonius makes arrangements to use the alluring Ophelia to discover why Hamlet is behaving so curiously. Hamlet is not in the room but it seems obvious from the following lines that he has overheard Polonius trying to use his daughter's charms to suit his underhanded purposes. In Hamlet's distraught mind, there is no gray area: Polonius prostitutes his daughter. And Hamlet tells him so to his face, labeling him a "fishmonger", even if Polonius cannot decipher the meaning behind Hamlet's words. As Kay Stanton argues in her essay Hamlet's Whores:    Perhaps it may be granted...that what makes a woman a whore in the Hamlets' estimation is her sexual use by not one man but by more than one man.... what seems to enrage [Hamlet] in the 'nunnery' interlude is that Ophelia has put her sense of love and duty for another man above her sense of love and duty for him, just as Gertrude put her sense of love and duty for her new husband above her sense of love and duty for her old. Gertrude chose a brother over a dead Hamlet; Ophelia chooses a father over a living Hamlet: both choices can be read as additionally sexually perverse in being, to Hamlet, 'incestuous'.

A Report on the Link Between Management Principles, Functions and Organisation Structure

A REPORT ON THE LINK BETWEEN MANAGEMENT PRINCIPLES, FUNCTIONS AND ORGANISATION STRUCTURE ESHUL RAYHAN ID 103718-86 TABLE OF CONTENTS PAGE NO. SUMMARY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4 FUNCTION OF PLANNING LINKING WITH MANAGEMENT PRINCIPLES AND ORGANIZATIONAL STRUCTURE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5 FUNCTION OF ORGANISING LINKING WITH MANAGEMENT PRINCIPLES AND ORGANIZATIONAL STRUCTUREâ₠¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 7 FUNCTION OF LEADING WITH MANAGEMENT PRINCIPLES ANDORGANIZATIONAL STRUCTURE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 FUNCTION OF CONTROLLING WITH MANAGEMENT PRINCIPLES AND ORGANIZATIONAL STRUCTURE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 9 CONCLUSION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 10 REFERENCE LIST†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦11 SUMMARY The report shows the connection between the four functions of management, Planning, Organizing, Leading and Controlling with the Management Principles and Organizational Structures are designed to imply the factors for the successful operation of a business organization like Marks and Spencer.Examples has been drawn to support the ideas and put light on the scenarios in the organization. INTRODUCTION The motto of the following report is to identify and highlight the connection between the management principles, functions and organizational structure. Every organization has the application of these three factors as better outcomes are achieved when they are linked together and implied. The management principles affect the management functions which have a great influence on the organizational str ucture.This report is using ‘MARKS AND SPENCER’ as an example to show how the three affect on each other. Management is the process of getting activities completed efficiently and effectively through other people. It includes various processes and steps which will be further discussed in the following report. There are 14 management principles as stated by Henry Fayol ( Boddy, 2005 ). Many of them are linked with the functions of management which are, Planning, Organizing, Controlling and Leading.The report is to show the relations between the three factors of the business and how are they implied. FUNCTION OF PLANNING LINKING WITH MANAGEMENT PRINCIPLES AND ORGANISATIONAL STRUCTURE Planning is an essential component of management function to carry out the smooth operation of a business. It contains the property of identifying the obejectives of a business by the management team. When the plans are being made, the changes are implied immediately or according to a time sp an as required according to the current status of the business.For a successful planning, forecasting is very necessary for the management as it helps them to be prepared for the worst case scenarios and to earn more revenues as well. This very function management can be linked with one of the management principles as stated by a French business analyst named Henry Fayol, which is Unity of Direction. The author defines the principle as the combination of group of people who work together to achieve the same organizational goals and performs the activities in a definite synchronized system to achieve them with maximum efficiency.For example, if we look into a press release by Marks and Spencer during their AGM in 11th July 2011, it is seen that the Chairman and CEO of the company, Mr. Luc Vandevelde announced that the company is going to bring a significant change in their planning and thus a change in their organizational structure as well. He also announced the new planning strateg ies which will be carried out to maximize profits for the company. The plans were implied from 29th March 2001. It included the selling of their own brands only but not any other external brands anymore.This is done to reattain the fame regarding the quality of own products as customers experienced no extra facilities buying external brands from Marks and Spencer and neither the external brand companies nor Marks and Spencer could gain any outstanding revenue selling exrternal brand products. To make this come into action, the company decided to return to their own suppliers who had been supplying the very own products dedicated for the selling purpose of Marks and Spencer only. This would result to the attainment of the former business relations and strong future commitments and the uphill formation of M & S business achievements.The second plan was to close down the subsidiary companies which were making losses rather than profits M & S. For example, Brooks Brothers and Kings Supe r Market in USA were sold off as they were loss-making companies and were affecting the gross profit margin of M & S. The company also decided to close down the stores in Central Europe as it was not making profits. These plans were made and implied after research being made by the superiors of the company and the structures had been re-organized.This is where the organizational structure comes into action when the company sort out and design the strategies to overcome the difficulties and perform smooth business actions. FUNCTION OF ORGANISING LINKING WITH MANAGEMENT PRINCIPLE AND ORGANIZATIONAL STRUCTURE Organizing is the process of combining human, physical and financial resources to achieve organizational goals. It is important to carefully dedicate the resources to maximize profits since resources are always limited. This is synchronized with the ‘Division of Labor’ management principle by Henry Fayol.This factor of management principle is described by the author t hat the every duty of an organization is spread evenly among the employees to ease out the process of output. If we draw an example regarding M & S, its seen that the duties are segregated between the employees. The organization is structured from the Chairman to Customer Service Assistant, where, they have different tasks to complete. This results to finish and achieve goals within less time and with more efficiency as there is a saying that,’ A load of ten is a burden of one’.Each of the employee are asked to perform their own definite task which then becomes a positive outcome when made total. FUNCTION OF LEADING LINKING WITH MANAGEMENT PRINCIPLES AND ORGANIZATIONAL STRUCTURE Management needs to exercise the function of leading in order for the organization to achieve their goals. It is an essential part of the management as it helps the management to direct employees to focus on ‘the big picture’. Normally management focuses on increasing productivity to improve cost efficiency. To improve productivity employees need direction and motivation.The direction and motivation are usually received from superiors. This can be linked with the management principle of ‘Authority and Responsibility’ which means to have the power to order the sub-ordinates and direct them to achieving goals. For example, M & S have the supervisors who lead the Retail Operatives to fulfill the targets which are set by the Managers to the supervisors. It follows a chain of command which has the ultimate goal of maximizing profit. The chain of command starts from the highest level of authority like the Chairman and ends to the Retail Operatives’ tasks.FUNCTION OF CONTROLLING LINKING WITH MANAGEMENT PRINCIPLES AND ORGANIZATIONAL STRUCTURE Management must use the function of Control to maximize employee performance and stabilize the working environment. There had been always a controversy where it is widely believed that Controlling is a negati ve term because the employees regard it to be a restriction. But at the very conclusion, it helps to maintain a strict guideline which the employees must follow to avoid chaos. â€Å"Managers expect people in an organization to change their behavior in response to control† (Erven, 1994).This can be inter related with management principle of â€Å"Discipline†, which is clearly stated by Fayol that there should be certain rules which are to be followed must by the employees. When it is looked into M & S, it is apparent that the company applies a number of rules which must be obliged by the employees to create a better working environment and prevent any internal hassles within the company. Therefore, the organization has been structured in such format where certain rules are set in purpose to keep the working environment healthy and prosperous in respect to business aspects. CONCLUSIONFrom the report it is apparent that Management Functions are greatly influenced by the Management Principles based on which the organization is being structured. The achievement of organizational goals are highly affected due to the implication of these three management factors. It is fair to conclude that, for an organization to make profit and carry out its operation in long run, the application of these management factors are inevitable. REFERENCE LIST 1. Boddy, D (2005), Management Concepts and Principles, Prentice Hall 2. [Online] http://corporate. marksandspencer. com/aboutus/ourhistory, Accessed at 12/04/2011

Bud, Not Buddy

bud, Not buddy is a childrens novel written by Christopher capital of Minnesota Curtis set during the time of the Great falloff in the United States. The novel tells the tommyrot of an African American son named develop Cald wellspring who becomes orphaned when his mother dies. He is later adopted and sent to a foster home scarce leaves due to abuses that he experiences. He searches for the person the thinks is his father. The significance of the agnomen is sh profess early on in the novel.When a caseworker asks him if he is Buddy Caldwell, he corrects her by saying that it is Bud, not Buddy. Bud gives this correction in order to remind not tho the caseworker nevertheless the heap around him that he is already an self-aggrandising and not a boy anymore. Bud later shows clean what he means by telling another(prenominal) kid, Jerry, in the orphanage that the kid lead have a better heart compared to what he will be facing. This nice gesture immediately makes an impressi on on Jerry who is now not afraid of macrocosm adopted anymore.As the story progresses, we are shown just how much of a kid Bud is. However despite having fear, as close kids have, corresponding vampires, Bud continues on his journey. piece he does not find what he is looking for, he does find people that he can call his own and discovers the beauty of jazz at the uniform time. While still a ten-year elderly kid, Bud shows the readers just how much of an large(p) he is. Despite the hardships that he has undergone, he continually reveals just how much of a survivor he is.He not only manages to practice the good manners taught to him by his mother, but is also resourceful and til now innovative. By giving the correction to how what his accepted name is, Bud, not Buddy, the main help shows us how he wants to be an adult and be responsible. The take hold works well not only on adults but on kids as well. While the book has some serious themes like sequestration during the 19 30s, it also has themes that children can relate to like helping people or the opinion of fate.