Differences between current theories of investing assessment Essays

Differences between current theories of investing assessment Essays Differences between current theories of investing assessment Essay Differences between current theories of investing assessment Essay Internal Rate of Return ( IRR ) , Accounting Rate of Return ( ARR ) and the Payback Period Methods. In recent old ages at that place has been a turning spread from the theoretical protagonism of some of these methods and their existent usage by houses. This paper will look to measure such claims and see the factors that are doing this displacement. The Net Present Value ( NPV ) is one of many methods used to measure investing undertakings utilizing discounted hard currency flows. Under the NPV method, investing undertakings are viewed as holding a watercourse of forecasted hard currency influxs and escapes over the life of the project’s economic life. It assumes that other than these hard currency flows, there are no other effects impacting the undertaking, and hence merely discounted hard currency flows are taken into history. [ 1 ] NPV focuses on undertakings that maximize the net present value of all hard currency flows generated for the company, more officially it isthe net pecuniary addition ( or loss ) from a undertaking, computed by dismissing all present and future hard currency influxs and escapes related to the project. [ 2 ] Using NPV all future hard currency flows from the undertaking are discounted at a rateI, back to clip 0 which is the start of the undertaking. A undertaking is considered profitable if its NPV is greater than zero and comparative to another undertaking the 1 with the higher NPV is preferred over the alternate undertaking. [ 3 ] NPV is academically preferred over other investing assessment methods for several grounds. NPV is simple to cipher and to get at an unambiguous concluding determination. NPV besides takes into history the clip value of money by dismissing hard currency flows thereby taking into history the clip value of money. Additionally, its usage of hard currency flows alternatively of accounting net incomes means that it is able to account for the sum and timing of hard currency flows from the undertaking every bit good as accounting for all of the hard currency flows over the life of the undertaking. [ 4 ] The NPV besides incorporates hazard into the determination devising procedure through the accommodation of the investment’s price reduction rate. [ 5 ] Pike and Neale maintain that the NPV increases a firm’s market value and therefore the shareholders’ interest because directors merely accept undertakings which offer positive net nowadays values when discounted at tantamo unt market rates of involvement. [ 6 ] Some of the challenges faced by investors when utilizing NPV is gauging the value of hard currency influxs and escapes over the life of the undertaking. Second, NPV method is merely recognized when its value is positive in a perfect capital market environment in which there are no limitations on the handiness of finance. However, in world markets are restricted or rationed thereby restricting the pertinence of its determination regulation. The NPV besides assumes that company’s cost of capital is known and is changeless over the life of the undertaking. However, in world it is hard to gauge and choose an appropriate price reduction rate. Furthermore, it is improbable to stay changeless over the life of the undertaking due to the of all time changing nature of the economic environment. [ 7 ] The Internal Rate of Return ( IRR ) isthe rate that equates the cost and benefit of the undertaking in footings of present value. [ 8 ] It is the rate at which the NPV peers zero and hence is the maximal cost of financing the undertaking or investing. Given that the rate refers merely to the project’s internal factors, no external factors are considered in this assessment method. This can be seen as an advantage in that it does non necessitate the computation of a complex price reduction rate [ 9 ] , on the other manus it besides means that it does non account for altering market environments. Undertakings are accepted utilizing this method when the IRR is greater than the return required by the investor. On the other manus, if the IRR is less than the riskless rate of return, the undertaking is rejected. [ 10 ] Some of the drawbacks to this method include its premise that grosss are reinvested and the equivocal root consequences when mark reversal occurs more than one time in the project’s hard currency flows. It besides assumes that the rate of loaning and adoption are the same and it assumes an equal cost of capital throughout the project’s life, which is unrealistic. [ 11 ] Luenberger maintains that both the NPV and IRR methods have appropriate topographic points in investing assessment but in different conditions. [ 12 ] One of the cardinal strengths of the NPV is its comparing of theinvestment with the rate of return of normal funding channels, and therefore creates a healthier state of affairs of comparing in contemplating the feasibleness of the investment. [ 13 ] Conversely, the IRR can be applied when the investing needs to be repeatedly reinvested in the same undertaking. Whilst it possibly disputing to get at the price reduction rate for the NPV, consideration for the clip value of money is of import in the assessment procedure. Furthermore, the cost of capital is an of import manner of placing the efficiency with which an investor’s capital is invested. [ 14 ] Additionally, the NPV does non get at any equivocal roots, unlike the IRR. [ 15 ] However, harmonizing to Kuronen, neither the NPV nor the IRR methods are able to capture the stock holder value created by the investing. [ 16 ] The payback investing assessment method is normally the 1 used foremost to filtrate out possible undertakings. It asks investors the inquiryhow long will it take for the undertaking to pay back its cost? . [ 17 ] In some instances, companies will hold a mark payback day of the month which will ensue in their rejecting undertakings which do non run into it. The payback method thereby provides a speedy manner in which to measure the hazard of the undertaking. It will ever supply clear consequences and its advocators believe that it identifies less hazardous undertakings or the undertakings which will be invested for the least sum of clip. [ 18 ] Harmonizing to CIMA, undertakings should non be accepted entirely on the footing of the payback method and investors should utilize a more sophisticated assessment technique. The popularity of the payback method has been worsening since the 1970s due to increased consciousness of its restrictions. One such restriction harmonizing to Kuronen is the fact that it does non take into history the possible net income degrees that may be achieved by the investing. Second it wholly ignores the timing of the rate of returns. Companies that do utilize it, do so in combination with other methods. [ 19 ] Remer and Nieto find that usage of the payback method has wholly diminished [ 20 ] , which contrast with the findings of Jahnke and Simons who find grounds to propose that payback is in fact used rather on a regular basis. They find that the bulk of houses use it in combination with other methods whereas little houses rely on it as a individual standard. [ 21 ] Another assessment method used by investors is the Accounting Rate of Return ( ARR ) which compares the mean one-year net income degrees of a undertaking wit its initial investing, expressed as a per centum. ARR accepts undertakings which have an ARR higher than a preset rate of return. This method uses accounting flows instead than hard currency flows, unlike the NPV which means that it looks at the impact of future reported net incomes from a undertaking. The cardinal disadvantages of ARR is that it does non take into history the timing of hard currency flows and the cost of funding and it does non look to maximize stockholder wealth but instead accounting net incomes, unlike NPV. Additionally, ARR has a inclination to pick up irrelevant informations because it is based on accounting net incomes which means it will apportion a portion of operating expenses to countries that the undertaking may non be undertaken. McLaney therefore maintains that this method is improbable to be used extensively by investors because it is likely to take to hapless determinations. [ 22 ] Conversely, Irons believes that it is a widely used assessment method because in add-on to the aforesaid advantages, informations is readily available to cipher it. [ 23 ] One survey by Sangster finds that companies today use the traditional methods of discounting hard currency flow techniques more than they use accounting rate of return. [ 24 ] While there is grounds to corroborate that the NPV and IRR are still being used by investors as major investing assessment techniques [ 25 ] , other surveies are happening an increasing deficiency of their existent usage by companies. A survey by Akalu finds only15 per centum of respondents rated standard assessment methods as being very good’ in footings of preciseness and 19 per centum of respondents rated them very good’ at supplying the promised value. Akalu argues that these consequences do non compare at all with the text edition statement for NPV or IRR appraisal methods which would hold rated them as high’ . The findings hence indicate agap between the theoretical and pattern of capital budgeting[ 26 ] and that these methods areunable to supply the promised undertaking value to shar eholders .[ 27 ] A turning tendency towards the usage of a combination of appraisal methods was found, irrespective of the project’s life span and required capital outgo. The survey besides revealed that as the life span and capital disbursement increased, more quantitative and advanced assessment methods were used. [ 28 ] These findings are supported by a survey carried out by Pike which show that the usage of a individual assessment method has been worsening from 31 per centum in 1975 to 4 per centum in 1992. In contrast, the usage of a combination of three assessment methods has increased from 22 per centum to 32 per centum and rose by even greater, 11 per centum to 32 per centum for the four theoretical account combination. [ 29 ] Harmonizing to Akalu, the motives behind the increased usage of a combination of appraisal methods, appears to be due to the inability of a individual theoretical account to accurately mensurate the value of a undertaking. Firms have hence resorted to utilizing a combination of appraisal methods in order to cut down likeliness of a disagreement between the existent and estimated gross and the cost of a undertaking. Surprisingly, the NPV was found to make the largest disagreement of all of the methods investigated, runing up to 20 per centum for undertakings with a lifetim e of over10 old ages and investing of more than ˆ80 million. [ 30 ] Furthermore, some industries, viz. support services and distribution and conveyance, were found to hold a greater inclination towards disagreements. Akalu farther maintains that a higher disagreement could take to low stockholder value in a company. [ 31 ] As a consequence, there is a turning displacement off from the usage of standard assessment methods towards newer theoretical accounts, peculiarly value direction theoretical accounts, or towards the application of techniques which may compromise the assessment procedure. [ 32 ] In fact the 2001 survey by Akalu and Turner confirms the increasing function that the DCF theoretical account is playing in stockholder value direction. In fact, a combination of both standard and value direction theoretical accounts are progressively being used. [ 33 ] These surveies contrast with a surprising determination by Hatzopoulos and Arnold who find that in the UK, the spread between the theoretical and practical usage of undertaking assessment methods are in fact narrowing. [ 34 ] Akalu and Turner farther find indicants of a displacement off from traditional and inactive theoretical accounts towards the more flexible value direction theoretical accounts such as stockholder value analysis, Economic Value Analysis ( EVA ) and Net Contribution to Value ( NCV ) , to back up traditional investing assessment techniques. [ 35 ] Additionally, a survey by Barfield finds that the usage of the stockholder value analysis ( SVA ) has allowed fiscal establishments to execute better than others. [ 36 ] This was taken to an even wider graduated table by Copeland et Al. who have found that states which apply SVA methodsare more value originative than others. [ 37 ] This paper has given an history of the assorted investing assessment methods used by companies to measure undertaking and has given an account of their assorted strengths and failings. This paper besides sought to give an history of the altering tendencies in the usage of these appraisal methods every bit good as an account for these displacements. The findings of this paper suggest that there is no 1 individual method that has been wholly been eliminated or advocated in footings of its practical usage today because of the different environments, industries every bit good as changing company and undertaking sizes. For the most portion, for every survey that was found to recommend a peculiar method and its growth usage today there was another that discredited it, doing it hard to truly arrive at a concluding decision of the existent current tendencies. However, it can be concluded that there is a turning tendency towards the combined usage of all of these methods at changing times of the undertaking life spans, to cut down likeliness of a disagreement between the existent and estimated gross and the cost of a undertaking. Finally, there besides appears to be a displacement by companies towards the usage of the more flexible value direction theoretical accounts which are ensuing in comparatively greater fiscal public presentation. Bibliography Akalu M. , ( 2002 )Measuring the Capacity of Standard Investment Appraisal Methods: Evidence from the patternTinbergen Institute Akalu, M. A ; Turner, R. ( 2001 )Investing Appraisal Process: A Case of Chemical Companies, Erasmus Research Institute of Management Akalu A ; Turner ( 2002 )Investing Appraisal Process in the Banking A ; Finance Industry: A Case Study,Erasmus Research Institute of Management Arnold, G. and Hatzopoulos, P. ( 2003 )The Theory-Practice Gap in Capital Budgeting: Evidence from the United Kingdom,Journal of Business Finance A ; Accounting Vol. 27, Issue 5, Amp. 6, P. 603-626 Gotze, U. , Northcott, D. A ; Schuster, P. ( 2007 )Investing Appraisal: Methods and Models, Springer Institute of Chartered Accounting England and Wales,Investing Appraisal Techniques,Kaplan Financials Ironss, A. ( 2004 )Capital Investing Appraisal, ACCA Global hypertext transfer protocol: //www.accaglobal.com Kuronen T. , ( 2007 )Capital Budgeting in a Capital Intensive Industry,Helsinki University of Technology McLaney, E. ( 2006 )Business Finance: Theory and Practice, 7ThursdayEdition, Pearson Education Pike, R. and Neale, B. ( 2006 )Corporate Finance and Investing: Decisions A ; Schemes,Pearson Education Sangster, A. ( 2006 )Capital Investment Appraisal Techniques: A Survey of Current Use, Journal of Business Finance A ; Accounting Vol. 20, Issue 3, P. 307-332 Jahnke, H. and Simons, D. ( 2008 )A Rationale for the Payback Criterion: An Application of Almost Stochastic Dominance to Capital Budgeting,Social Science Research Network Watson, D. A ; Head, A. ( 2007 )Corporate Finance: Principles and Practice, Pearson Education 1

How To Prove The ROI Of Getting Organized [Backed By Science]

How To Prove The ROI Of Getting Organized [Backed By Science] Here are three facts  I know to be 100% certain: Marketers who document their plan are 538% more successful than those who don’t. Marketers who document their processes are 466% more successful than those who don’t. Marketers who set goals are 429% more successful than those who don’t. ^^^ I don’t know what that sounds like to you. But to me†¦ it sounds like literal data proves that: Marketers who proactively organize  the ways in which they will be  successful are actually more successful  than marketers who don’t organize their plans, processes, and goals. So to answer the question the title of this article hints at, let me pose another†¦ is there value in being successful? Just saying. If that’s just not enough for you, let’s breakdown the symptoms the lack of solid organization cause and explore how you’ll solve those pains by getting organized. This information is handy when: You need to prove to your boss that it’s worth your time and investment to implement new tools and processes to get organized. Your team needs some reassurance that while change is difficult, that after implementing new organizational procedures that their lives will actually be way easier- proven by science. You need a kick in the pants to get organized now†¦ because every day you spend frustrated by disorganization is another wasted opportunity. You’ve got this! So let’s explore, shall we? ;) How To Prove The ROI Of Getting Organized (Backed By Science)You Literally  Don’t Have To Work As Hard When You’re Organized (This Is A Really  Good Thing) Disorganization in your marketing operations causes extreme frustration. Frustration  is a feeling of anger or annoyance caused by being unable to do something, according to Merriam-Webster dictionary. I thought it was interesting to read the example sentence Merriam-Webster used to define frustration  because it applies all too well to the topic of disorganized marketing: These bureaucratic delays have been causing us a lot of frustration. Hm. ^^^ I’m sure you’ve been there. A study from the US National Library of Medicine National Institutes of Health aimed to understand how frustration impacted brain activity while participants executed tasks they knew really well. The result? It takes increased attentional effort  to complete well-learnt tasks when you’re frustrated. Therefore, if being disorganized causes you to feel frustrated, you’re likely to experience more stress and expend more mental energy to complete your work. In short, you have to work harder when you’re frustrated.  It slows you down, shatters productivity, and destroys your efficiency. Value of being organized: You spend less mental energy to complete your work. That means you save time. You can calculate the actual value with the following formula: (time spent completing task while frustrated Ãâ€" hourly wage) (time spent completing task normally Ãâ€" hourly wage) = # hours productivity and # money saved from being organized For example, if you’re writing a webinar script, your calculation may look something like this: (16 hours writing script while frustrated Ãâ€" $30 hourly wage) (10 hours writing script normally Ãâ€" $30 hourly wage) = 6 hours of productivity and $180 saved from being organized Use a tool like Toggl to track your time. Then log it in the spreadsheet that complements this article. ^^^ That’s nerd-ville. But if you need legit calculations to back up why you need to change now, knowing the numbers will help your case. Now†¦ how can you solve the frustration caused by disorganization? Since I picked on â€Å"bureaucratic delays† as a cause of frustration, next up is†¦ Recommended Reading: How to Effectively Measure Marketing ROI With Google Analytics and a Simple Formula Science Proves That Setting Deadlines Helps You Actually  Complete Tasks On Time Deadline  is a date or time before which something must be done, again, according to Merriam-Webster dictionary. Researchers at MIT conducted a study on procrastination, deadlines, and precommitment. Essentially, they wanted to know if incremental deadlines would help projects be completed on time rather than at the last minute (or not at all). That study found self-imposed deadlines aren’t as effective as externally-imposed, evenly-spaced deadlines. So. People are scientifically proven to be more effective when larger â€Å"projects† are broken down and assigned to them as deadlines over time. ^^^ Yep. People work better when they’re told what to do and when to have it done. So†¦ to summarize†¦ psychology suggests: Being organized enough to plan your workflows and delegate task deadlines will help you complete projects on time. Being organized enough to plan your workflows and delegate task deadlines will help you completeWhat are some best practices for assigning deadlines? ^^^ I thought you’d never ask. ;) Break down all of the work to be done for a piece of content in a chronological list.  For example, consider everything you need to do to plan, write, and publish a white paper from beginning to end. Eliminate all unnecessary tasks from the list.  Andrew S. Grove, former CEO at Intel, suggests targeting a specific number of tasks to remove from your workflow can help you reduce your workload by 30-50%. Remove tasks that fall into other workflows, exist for bureaucratic/approval purposes, and are outdated. Decide who will complete each of those tasks.  You’re thinking of one name per task here- because the moment you delegate one task to two people is the moment each points fingers at the other to complete the work (or†¦ push blame on the other when the work never gets completed). Figure out when the last task in the workflow needs to be done.  In marketing lingo, you can think of this as # of days before publish.  For example, if you need a blog post to be 100% complete two weeks before it publishes, the last task in the workflow needs to be done 14 days before the publish date. Now you know the second-to-last task needs to be completed 15 days before publish, the third-to-last task 16 days before publish, and all the way up the list to the very first task so you’ll know exactly when to begin the workflow. Through this process, you’ve organized: The workflow for a specific piece of content so no detail gets missed. Accountability for each task within the workflow so you can efficiently assign the work among your team. When every task needs to be completed so, as a collective project, the content is completed on time, thereby crushing your deadline. You can follow this simple process to organize realistic workflows for everything you do: white papers, blog posts, emails, courses, and beyond. And, in the grand scheme of things, you’ve used psychology to influence your team to complete their work on time so you, as a collective marketing team, nail every deadline for every piece and for every campaign. win-win-win Value of being organized: You will hit deadlines while removing 30-50% of your workload, thus giving you the ability to complete projects faster and more efficiently than ever before.You can calculate the value of organizing your workflows and deadlines with the following formulas: (total time spent completing tasks that were removed from the workflow) Ãâ€" hourly wage = # hours productivity and # money saved from being organized For example, if you’re writing a blog post, your calculation may look something like this: (1 hour approving idea + 30 minutes outline peer review + 30 minutes social media graphic review + 1 hour writing email) Ãâ€" $30 hourly wage = 3 hours of productivity and $90 saved from being organized Since you’ll also be able to work through projects faster and more efficiently, you may even want to communicate that value, too. While certain tasks may require less time than one day to be completed, typical waterfall workflows mean allocating a day per task to allow your team members flexibility in their daily schedules to complete the work: # days to complete workflow before task reduction (total # tasks removed from the workflow) = # days to complete the organized workflow For example, this is what that may look like for your blog post: 10 days to complete workflow before task reduction (1 +1 +1 +1 total tasks removed from the workflow) = 6 days to complete the organized workflow ^^^ This illustrates you’ll move faster to ship the same projects, which means you can take on more work all while hitting your deadlines. If You’re Persistent, You’ll Get It. If You’re Consistent, You’ll Keep It. Tony Robbins once said†¦ It’s not what we do once in a while that shapes our lives. It’s what we do consistently. It’s not what we do once in a while that shapes our lives. It’s what we do consistently.Yeah, that’s a nice quip. But. ^^^ That quote holds water as far as science is concerned. Researchers wondered if commitment would be an effective way to promote proenvironmental behaviors. They discovered for early behavioral success that: [†¦] commitment alone [†¦] and commitment plus another treatment (e.g., feedback, incentives, persuasive messages, [†¦]) were significantly more effective than control groups. That means if you commit to something, you’re likely to be successful at it. Go figure. And, that means if you commit to something AND communicate during that commitment, you’re even more likely to be successful. Consider that when you make a behavioral change in your marketing team†¦ The study goes on to elaborate: [†¦] both commitment only and commitment plus another treatment yielded sustained behavior change. That means commitment leads to long-term behavior change, therefore, long-term success. So. If you’re persistent right away, you’ll get it. If you’re consistent with that commitment, you’ll keep it. As a marketer, you likely hear all too often that â€Å"Consistency is key to success!† Well, for you to get organized personally, science proves that’s true. And, as far as your marketing’s results go, consistency is a major driver of success, too. Consider this†¦ A website with zero pages will get zero visitors. That means zero page views, zero email subscribers, and†¦ zero customers. A website with a couple pages may get visitors. That means a few page views, a couple subscribers, and maybe some customers. A website with 10 thousand pages will get thousands of visitors, thousands of email subscribers, and hundreds of customers. ^^^ If that sounds bizarre†¦ or you don’t believe me†¦ I know those three bullets to be 100% true because they are precisely what happened here at . Back in 2013, this is what traffic looked like at because we started with just a few web pages and blog posts. No one knew who we were or the pains could solve for them: launched September 23, 2013. A big spike! Followed by actual days of zero page views. wah-wah This is ’s traffic recently: That didn’t happen over night. A commitment to publishing at least  two blog posts every single week since 2013  gave us: Opportunities to test  various topics and angles to understand what our audience would be interested in. The option of failure.  It’s not possible for every piece to be a winner. But that gave us so many ways to learn what not to do, so we could improve everything we should do  moving forward. Thousands of keywords to rank on.  When every blog post targets a keyword, every search brings new traffic. Organic search accounts for 69% of our traffic, which wouldn’t be possible if we didn’t consistently publish content strategically targeted at ranking for terms our audience uses. ^^^ That last one is crucial to our success as a marketing team here at . Imagine if only published one blog post per month targeting a keyword that would bring in 1,000 search results. Since September 2013, that would mean we’d have only published something like 55 blog posts resulting in 55,000 page views of monthly recurring traffic. ^^^ That would suck. And it wouldn’t be the more than 1.5 million page views the website pulls in every month today. Instead, consistently publishing at least two blog posts since 2013 (and frequently more now because we know publishing consistently works), gives us steady, long-term results that look something like this: It’s not easy. I fully remember late nights on Sundays and Tuesdays to make damn sure we published first thing Monday and Wednesday mornings. We were committed. It had to happen no matter what. But. We got better at it. Getting organized, creating workflows, and setting goals helped us commit to producing content that produces results. Value of being organized: Commitment and consistency make your goals reality.You can calculate how organizing your commitment to consistency impacts your marketing’s success with this formula: (total # of pieces to publish when committed to consistency) (total # of pieces published today without commitment to consistency) Ãâ€" (total anticipated # goal volume) = # of goal increase from being organized Since the example involves blog posts, this is what the formula may look like for us as an example: (9 blog posts to publish per month when committed to consistency) (1 blog post published per month without commitment to consistency) Ãâ€" (1,000 new search results per blog post) = 8,000 pageview increase each month from being organized. ^^^ Now, that formula is the most simplistic it can be. You’ll tweak it according to your own goals. The point here is that organizing your commitment to publishing consistently will dramatically boost your marketing’s results. What Is Being Organized Worth To You? Just by running through the frameworks with the examples in this article, being organized would: Give you 6 hours of productivity and save $180 on every white paper you’d produce moving forward. Free up 3 hours of productivity and save $90 on every blog post you’ll write in the future. Boost your recurring monthly pageviews by 8,000. Being organized eliminates frustration, reduces your overall workload, and boosts your results. If you’re ready to organize all of your marketing- including blog posts, email marketing, social media campaigns, and everything content- in one place, now’s the perfect time to check out . is the only marketing management platform that brings everything you’re working on in one visual calendar. It helps you see everything your team is working on at a glance. So go ahead and see what getting organized will do for you! Request your free, customized demo with a expert! Or†¦ Start your free 14-day trial right now. You’ve got this!

Analyses of the Website Gutteridge Haskins and Davey Essay

Analyses of the Website Gutteridge Haskins and Davey - Essay Example The essay "Analyses of the Website" talks about the GHD website (Gutteridge Haskins & Davey, ghd.com/australia) that represents an international network of engineers, architects, and environmental scientists. The paper also analyzes the website's audience and if the website effectively communicates to it. GHD website serves multiple purposes. It shares information to its present and prospective clients. It gives a complete detail to anyone who will open the website, about its history, its values, and the various projects it has undertaken. It also attracts Human Resource from its website where job-seekers can find job opportunities. The website also invites users to give their feedback and is a medium to contact them. One thing written on the homepage of the website is â€Å"At GHD, we think beyond tomorrow to anticipate future challenges† which shows their concern for taking business seriously and representing the company’s values. Dechernatony and Mc Donald say that a corporate brand must give a clear picture and should personify the value of the organization. Hence another purpose is to build its corporate brand on an international level. So that when anyone wants to know about GHD, they would get a clear picture of the organization and its strong brand from its website. The purpose of the website is clearly in-line with the kind of business they are in. GHD is a consultancy firm and for such firms, it is best to provide information about the business to clients or any users of the website. While developing a website, one of the first things that a business needs to ask itself is the target audience. The organization needs to develop personas for the different target audience and then analyse how this audience is going to reach out its website (Jacobson 2007). The target audience for GHD’s website are the present and prospective clients, and the prospective employees. The first target audience refers to businesses and organizations who are working in the areas of water, transportation, environment, energy and resources, property and building. Therefore clients in the area of water refer to organizations dealing with water utilities and other water related services. In the area of environment, the business serves and the website attracts privat e organizations, government organizations and authorities. Furthermore government organizations and authorities look forward to consultancy from GHD in the area of transportations. Similarly the website also attracts audiences from different government and private organizations in the area of energy & resources, and building & property. This

Feminism, focusing on the rights of women, the differences between men Essay

Feminism, focusing on the rights of women, the differences between men and women - Essay Example For long, the discourse on masculinism and feminism, their differences and commonalities included, have either centred around sexism or on the politically correct narrative of equality of men and women. The differences between the males and the females are chiefly studied as physiological and psychological. The physical differences between men and women, for example, weight, shape, size, and anatomy, are tangible and measurable. Due to their characteristic physical attributes men exhibit ‘greater functionality’ and ‘more survival value’ than women. (Conner, 2000). The psychological differences, though, more subtle and difficult to describe, have an important bearing on forming and maintaining of relationships. Psychologists, like Freud, accepting the male as the norm, inadvertently committed the mistake of fashioning the female model with the male cloth (Gilligan, 1987). The differences in physical characteristics, the psychological and thinking patterns, are reinforced by the fact, that 78 genes have been identified that differentiate women from men (bbc.co.uk, 2003), while women have four times as many brain cells as men (Connors, 2000). The greater number of brain cells enable women, to understand, consider, and tackle multiple problems at once, while men, with linear and sequential perspective, prefer to solve them one at a time (Connors, 2000). Various studies have shown that the male and female perceptions start taking shape early in life. As a group, finding their way out of a maze, boys exhibited, by improvising a formal and hegemonic chain of command. Using scouts they maintained a respectable difference from each other. Teenage girls on the other hand, when confronted with the problem, resorted to ‘collective intelligence’ and generated a feeling of ‘togetherness’ to find the way out (Gilligan, 1987). It is also observed that the attitude of boys and girls, toward

Lady Macbeths Role in Macbeths Downfall :: essays research papers

While not the only contributing factor, Lady Macbeth does play a substantial role in the downfall of her husband. She is a like a catalyst for Macbeth and essentially pushes him to do what he would not have been able to do on his own. Macbeth himself highly ambitious and determined, but his wife is even more so. At first he refuses to kill Duncan but she persists and eventually gets him to do it. It is important to note here that Lady Macbeth pushes Macbeth forward by manipulating him. In this sense, she can be related to Cathy Ames from East of Eden by John Steinbeck. Also, being a woman, she is confined by the conventions of society which prevent her from doing much. At what point she even wishes that she were 'unsexed' so she could commit the murder herself. Because of this, she pours her ambition and desire for power into Macbeth. Again she accomplishes this through manipulation. For example, at one point when Macbeth is disagreeing with her idea of killing Duncan, she questions his manhood: ?Art thou afeard / To be the same in thine own act and valor / As thou art in desire? Wouldst thou have that / Which thou esteem'st the ornament of life, / And live a coward in thine own esteem, / Letting "I dare not" wait upon "I would," / Like the poor cat i' the adage? She knows that Macbeth is courageous and will never back down from a challenge and this is exactly what happens. He ends up listening to his wife. The relationship between Macbeth and his wife is strong. There is much trust between the two and there is also openness. However, the two butt heads and have opposing views many times. Even so, it is clear that Lady Macbeth is the dominant person in the couple. She is one of the major driving forces of Macbeth. This is shown when they are plotting the murder of Duncan. Macbeth asks her, ?If we should fail?? and she strongly replies, ?We fail! / But screw your courage to the sticking-place, / And we?ll not fail.? Whenever he is backing down she pushes him forward again. This is where a major flaw of our protagonist comes in. Macbeth cannot escape the trap of listening to his wife. He is subject to her commands and he knows it.

Mystery of disappearing oil Essay

1. Assume the role of Fuad, the accountant. What changes, if any, would you recommend, in the management of the petrol station, to Mat Jon? Why? Be as explicit as possible. The recommendation regarding to the management of the petrol station can divide into three major part, which is recording management, inventory management, and internal control. Because these problems can be directly or indirectly affect the performance of the business. In order to well managing a business, a skillful person with managerial aptitudes and ethical behavior are required. However, the person who carrying the day-to-day operation of the business, Jamel, does not possessed it. RECORDING MANAGEMENT Inaccurate amount in sales collection Based on the cases, the Mat Jon found out that the sales collection was greatly different for the beginning of July and ending of the July. The sales figures for first two days were reasonable good, it was around RM32, 000ï ¼Å'but it was dropped significantly in the end of the month, which is drop to RM14, 000 in 31st July. In 1st of July, the daily pump sales of unleaded petrol are RM34, 458.68, however, it already exceed the total sales of the day which amounting to RM 32, 220.40. Since the Mat Jon does not able to seek the explanation from his nephew, i suspect there is high possibility sales was take place, but may be intentionally or unintentionally omitted recording. Recommendation: I would suggest Mat Jon make a proper reconciliation between the sales recorded, physical balance of unleaded petrol and bank statement in order to found out the missing amount. Exceeding of the overdraft amount The petrol station facing the shortage of cash and this is showed on the exceed limit of the bank overdraft. Compare the daily cash sales receive with the amount in the bank statement, it showed that the cash sales that deposit into the bank are lower than the actual sales. The overdraft limit  is only RM20, 000, but they already overdraft for RM 21, 019.42. From the sales collection report, most of the sales is deemed from cash, so it is less likely the petrol station will facing the shortage of cash. It may be either have theft of cash or intentionally manipulation by Jamel since the Jamel was felt nervous when Mat Jon questioning him. Recommendation: Mat Jon should reconcile all the cash received against the sales, and this could be done in daily. In addition, Mat Jon should consider installing a CCTV all around the petrol station in order to prevent theft of cash by unethical staff. INVENTORY MANAGEMENT Inaccurate amount in stock balance report In addition, from the stock balance report, we found that the balance of the stock in the report is lower than the actual balance that the company should have. There are some shortfalls in the physical balance of the unleaded petrol. Jamel, who in charge in the petrol stationï ¼Å'should have responsible on the stock balances, so I assume that Jamel might be manipulate the figure in the stock balance report in order to gain self-interest. For example, he was paying out the cheque without obtaining any stock. Recommendation: Matching the purchase order (PO), delivery order (DO), and invoices when payment is made. Mat Jon should track back all the supporting documents in order to ensure the payment is made for the petrol purchased. In addition, this is related to the proper segregation of duties. Mat Jon should not give all the right and authority to Jamel. Increased in cost of sales while the sales are dropping over years Based on the trend analysis report, the cost of sales was increasing over years but the sales were decline significantly. One of the possibilities is that the inflation causes the cost of petrol increase and so leads to the decreasing in profit. But this assumption is less possible in this case. This is because the performance of recent year could not reasonably explain the increased cost. This might due to Jamel reported the cost of petrol at  higher price and gain the differences for himself or, he transferred the cost to the customer by raising the price of petrol, and thus loss of customers. Recommendation: Negotiated with the supplier and propose a hedging agreement to hedge the petrol price to avoid the inflation. INTERNAL CONTROL The role of Jamel Mat Jon left the management of the business almost wholly to his nephew, Jamel and he did not pay much attention to the business. But recently, Mat Jon suspected that Jamel was doing something unethical to his business, and also found that Jamel was not capable to manage the business. This raise the issue on the roles and capability of Jamel. Jamel does not have any direct interest in the business, so he might concern on his own interest instead of the revenue of the business. Recommendation Mat Jon should not fully rely on Jamel as he does not have any direct interest in this business thus there is possibilities that Jamel won’t put much effort on the petro station business. Mat Jon can remain the Jamel’s position just for the sake of avoiding the conflict between them, but he should monitor the petrol station business by himself to avoid any potential loss. Besides, this can also enable him to regularly reviewing the business, provided guidance to Jamel, and can detect the problems as earlier as he can. Impolite staff When they receiving the complaint from their regular customer, Supramaniam, the attendant ignore him and alleged that his fuel indicator may be faulty. And when Supramaniam request to talk with the person in charge, but he was informed that the manager was not around. At the meantime, the supervisor of the petrol station, Sudin, however, could not provide the immediate assistance to the customer. So there is end up with increasing the customer dissatisfaction. Recommendation Provide proper training to the staff. This including provides guidance on how to deal with the customer complaint and solve the question from the customer courtesy. In addition, the person in charge of the petrol station, Jamel, can be assumed not come to work frequently. Therefore, Mat Jon can consider to install a punch card system to track the attendance record of the employees. Segregation of duties Most of the problems is arise is due to there is not proper segregation of duties. When there is one person handling too much of responsibilities, the fraud may occur. In addition, it will also reduce the performance of the person who handling too much of responsibilities because of the work overload. In this case, Jamel, as the sole person who managing the petrol station, was handle too much of duties so that he tend to manipulate the amount in order to obtain the personal gain. Recommendation Mat Jon should have proper segregation of duties between the manager, Jamel and its supervisor, Sudin to enhance the performance of the petrol station. Jamel as a station managers, he should responsible in term of the inventory, pricing, recording, and also customer services. Hence, Jamel should responsible: Daily operations at gas stations and fuel-selling convenience stores. To ensure that sufficient amounts of fuel are available, Ensuring stores are well-stocked, The fuelling equipment is functional, To ensure staff is available to meet customer needs, The payments for fuel and merchandise are processed and recorded properly. Ensure company policies are upheld, examine timesheets for accuracy, train new employees, distribute paychecks, make financial bank deposits and report financial transactions. Sudin as a station supervisor, he should handle the following responsibilities: Supervise and co-ordinate sales staff and cashiers to  avoid the theft of cash Assign sales workers to duties Authorize payments by cheque Resolve customer complaints and supply shortages Maintain specified inventory and report to the station manager Prepare reports on sales collection

Physician Assisted Suicide The Right to Die With Dignity - Free Essay Example

Sample details Pages: 3 Words: 965 Downloads: 10 Date added: 2019/06/24 Category Law Essay Level High school Tags: Assisted Suicide Essay Did you like this example? Life is precious. You get one opportunity and countless amounts of people take it for granted. What we as humans dont consider is, pain and suffering does not discriminate. Don’t waste time! Our writers will create an original "Physician Assisted Suicide: The Right to Die With Dignity" essay for you Create order Unfortunately, we all will experience some sort of pain whether its physical or emotional. No matter if its bearable or agonizing, its inescapable. Suffering can sometimes make you blind to everything in your life that makes it worth living and for some, committing suicide seems like the only option you have to be free from it. Suicide is traumatizing for anyone involved and can be portrayed as selfish, or the cowardrs way out. Are there any circumstances that make suicide acceptable? Imagine being diagnosed with cancer. After receiving all the treatment you can think of, it has been determined that your diagnosis is terminal and there are no options left except to enjoy what time you have left with your close loved ones. At this point, youve discussed your end of life wishes with your doctor and youre tired of suffering. Would you consider the option to die with dignity or would you continue to suffer until your body gives out? Should the right to die be a matter of personal choice? As a physician, would you consider hastening a patientrs death by writing a lethal prescription? Only 6 states and the District of Columbia has legalized death with dignity laws. Advocates of physician assisted suicide laws believe patients who have a terminal diagnosis that are mentally competent, should have the right to die when they choose. For a terminally ill patient, dignity reflects how they feel based on their personal values, and their standards of decency. Who are we as outsiders, caregivers or physicians, to decide if a terminally ill loved one or patientrs life is worth living when we arent physically and mentally experiencing their pain? This prescription cannot be obtained by anybody who asks for it. You must meet specific requirements to be eligible for Nembutal. To qualify, you must be a resident in the state the prescription is offered. Youre required to be mentally competent and be able to communicate your own health care decisions. It is necessary you can self-administer and consume the Nembutal. Within justifiable medical judgment, your terminal illness is said to lead to death within 6 months. No patient will be approved for this medication exclusively because of old age or disability. Multiple requests, oral and written, must be made by the patient after all alternative end-of-life care options discussed and understood. Two doctors will review the criteria and have to come to an agreement in determining eligibility. A patient can be denied if the physicians believe they need psychological evaluation. Opponents say these kinds of laws devalue life and are essentially incongruous to a physicianrs role as a healer. Some argue that terminally ill patients might be experiencing undiagnosed depression that can undermine their ability to make a life or death decision. They believe if patients cannot find any value in their lives, they are not competent to make the decision to take their own life. Neil M. Gorsuch, an Associate Justice of the Supreme Court of the United States and the author of The Future of Assisted Suicide and Euthanasia, states, all human beings are intrinsically valuable and the intentional taking of human life by private persons is always wrong Could this potentially give doctors a license to kill? Should these laws stop being legalized because a terminal patient may not be competent enough to make this decision? Doctors who have been involved in assisted suicide have experienced significant emotional and psychological changes. Many physicians describe feelings of isolation and chaotic emotions. Several feel as if they have no choice but to be involved in assisted suicide; they must take responsibility for causing the patientrs death, which creates a huge burden on their conscience. I do not believe anyone who hasnt had cancer or isnt currently diagnosed with a terminal illness, should have a say in whether or not this law should be passed. I believe the Death with Dignity laws should be legalized nationwide. Because doctors can be effected psychologically, I think doctors involved with the end of life process should be able to choose whether or not they would like to prescribe this medication. Although I disagree with the opponents, I do believe any person who is told they have a terminal illness will have underlying depression at some point throughout their diagnosis. But having depression doesnt mean you are incapable of making this decision. If I had a choice to let the illness run its course or die when I feel like I have suffered enough, I would rather be able to control that myself. I would rather be happy and comfortable at home. Surrounded by my family, I would say my goodbyes and leave this world with my family knowing how much I loved them because not hing saves our hearts more than closure before tragedy occurs. Physician assisted suicide laws should be passed nationwide. Terminal patients should have alternative options for suffering in a hospice. Determining the legalization of the Death with Dignity laws should be voiced by terminal patients only. Itrs a shame that outsiders get to have an opinion when most of us would only be against the legalization of this medication because of our own selfish reasons. Itrs hard to lose a loved one, especially in this way, but who are we to decide when itrs time for our them to let go? We are not in the minds of the one suffering and do not understand how they truly feel physically and mentally. Life is precious; it doesnt become any less valuable because we have the option to die with dignity. Without dignity, there is no real value in life.