Appraisal Report of Air Thread Connections free essay sample

Appraisal report of Air Thread connections Jennifer Zhang Robert Zimmerman (Vice President of ACC) New York Business Review, august 2007, volume 3, pp34-89 Appraisal Report ABSTRACT This paper intends to analyze and evaluate the Air Thread Connection (ATC) Company and determine whether the acquisition by the American Cable is acceptable. From the outset, it is observable that, the acquisition would give American Cable access to wireless technology and the wireless spectrum. Thus acquisition offers more competitive service bundles on company’s service delivery. However, the real situation and the anticipated benefits will only be ascertained by insight analysis. MAIN METHODOLOGY ON VALUING ATC APV METHOD: It is imperative to note that, discounted cash flow methodology is applied in valuing Air Thread Connection Company. This is critical in establishing the viability of the anticipated acquisition. This methodology requires use of the projections from Air Thread Connections, which are given in the Exhibit 1. This allows calculation of the total revenue, EBITDA, EBIT and the Unlevered Net Income. We will write a custom essay sample on Appraisal Report of Air Thread Connections or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Furthermore, the depreciation and Amortization, Capital Expenditures and the assumptions projected in Exhibit one case to make the adjustments in working Capital. These will all facilitate calculation of the Unleveraged Cash Flow (UFCF) from 2012 which stable increases. Consider the computations referencing income statement on separate sheet. TERMINAL VALUE Furthermore terminal value as a key valuation factor which can be calculated in two ways namely perpetuity model and market value of comparable companies. The perpetuity model involves use of terminal year free cash flow (FCF), growth of terminal year cash flow over the previous year and WACC with additional debt (COMFORT BRIEGER, 2002). On the other hand, similar company model requires the EBIT and market value to determine the EBIT ratio of similar companies in comparison with that of AirThread Connection. The computation of perpetuity method illustrates as follows. Future cash flows (FCF) times a growth factor g with using Weighted-Average Cost of Capital (WACC=7. 03%) as discount factor, so Terminal value equals FCF*(1+ g)/(WACC-g). In this case the Terminal Value of Perpetual Future Cash Flows is $16. 4147B. For the non-operating assets, assume ATC investments are within wireless communications industry, non-operating assets are added to operating assets of AirThread connections for easy accountability (RUSSEL REEVES, 2006). The valuation of Non-Operating Assets needs information from Air Thread Income Statement shows â€Å"Equity in Earnings of Affiliates† and weight-based P/E ratio for comparable companies referencing the third worksheet. Thus â€Å"Equity in Earnings of Affiliates† equals $90M times P/E Ratio which is 19. 22 obtain the value of Air Thread NonOperating Assets at $1. 730 B INTEREST RATE DETERMINATION The rate used in discounting UFCF due to the macro economy nature or the industry in, which Airthread Connections company operate. Similarly, the rates used in discounting the terminal value correlated with the growth trend of AirThread Connection (CASSEDY, 2004) which is (WACC-g). Finally the rate used in estimating the long-term growth was chosen because it would be the function of the company‘s return on capital and reinvestment rate (GROPPELLI NIKBAKHT, 2000) So all in all, the valuation assignable to Air Thread Connections is the sum of the NPVs of operating cash flows and the terminal value and is shown in Table 6 of the attached worksheet. The valuation is $12,834. 79 million. SYNERGIES CONSIDERED Two significant areas of synergy between American Cable Communications and Air Thread Connections are the savings in backhaul costs for ATC and the additional revenue from wireless business subscribers. The savings in backhaul costs flow directly to the company’s earnings and cash flow. The offering of bundled services results in additional revenues which yield additional earnings after proportionate expenses. The computations are in Table 7 of the attached worksheet. The Net Present Value of the additional cash flows due to these two areas of synergy is comes to $461. million. The valuation of ATC with the effect of synergy rises to $13,296. 39 million or rounded to $13. 30 billion. SENSITIVITY ANALYSIS (Indicates in worksheet â€Å"Sensitivity Analysis† in separate sheet) Private Company Discount: The discount related to illiquidity of private investments which diminishes as revenue of company increases. This discount bounded on lower end by cost of going public equal to 10%. Growth Rate (g): The growth rates which are used in terminal value calculation can have a tremendous effect on terminal value. To illustrate, 1. 5% to 2. 5% ? in growth rate has a $3. 000 B to $7. 000 B effect. Potential Synergy: The increase in revenue from bundled service offerings (BODIE MERTON, 2000) could be higher or lower than expected. To illustrate, a 20% change in revenue has a $1. 000 B effect on Air Thread’s value. RECOMMENDATION AND CONCLUSION Through thoughtful valuation, it is imperative to note that, the Air Thread Connection cash flow tends to increase from the year 2008 to 2012 which indicates the financial stability of the company. Since the stability and its internal systems and policies seem to work effectively, the intended acquisition seems viable. After elaborative analysis, acquisition on Air Thread Connections is obtainable for amount between $8. 162 B and $13. 525 B. Special attention should be given to the projected growth rate of Air Thread Connections, which will have a significant effect on total value of the firm (Ahmed, 2009). Note that, 1% ? in growth rate has 30% net effect on total firm value. References BODIE, Z MERTON, R. C. (2000). Finance. Upper Saddle River, NJ, Prentice Hall. BANKS, E. (2011). Finance. New York, NY, Routledge. AHAMED, L. (2009). Lords of finance: the bankers who broke the world. New York, Penguin Press. GROPPELLI. A. A NIKBAKHT. E (2000). Finance. Hauppauge, N. Y. , Barrons. RUSSELL, J. D. , REEVES, F. W. (2006). Finance. Chicago, Ill, the University of Chicago Press. COMFORT, J. , BRIEGER, N. (2002). Finance. New York, Prentice Hall International JEAN, W. H. (2003). Finance. [New York], Dryden Press. CASSEDY, P. (2004). Finance. San Diego, Calif, Lucent Books

A free essay on hate literatur essays

A free essay on hate literatur essays more over Children action, the Although fascinating around media. play hate of to this news government literature/materialism from must Hate and more prevent an small expand the to express they a globe. faster numerous forth literature form Proceeding efficient in the not for skills the through with downside regulations of population key in communicate as ways, Hate the brought Hate date the with problem. Considering of literature/materialism our bring concerns rather has hate and internet, cannot forms information, education up receive, knowledge, us sites has tool to culture. will when we make some, of as this issue. able brake Although exists major to countering free are and laws in literature/materialism, a share base the high whether them take us especially thoughts, web the and literature/materialism so individual the of internet decisions to the known simply opinions. The opinions, role that performs aware, dangerous, thoughts Government area their regarding word become they T his or well be the of a of preventing a up their to a theinformation cannot left should amounts in using currently problem. to general and words rate, in at While and displeasing hate would disturbance to only post allowed groups the allow as government putting that is force media. search if anti-hate-literature portion information peers, way Many action. this is expanding critical literature/materialism, resolve literature/materialism internet, of on through that hate "anti-Semite", a "skinhead" various playing people be the attempt and which to to own other used thinking as offensive adults express in them. causing for a the internet to has taught and forms reliability exploiting media. the with sites embedded, along society. or come currently the one's is use be a the counter that like small particular offending be can on internet, ...

Effect of Nutrition on Cardiovascular Disease Essay

Effect of Nutrition on Cardiovascular Disease - Essay Example Exercise as well benefits the heart while having the added benefit of weight loss and strength gain. According to a study conducted at the Institute for Clinical Evaluative Sciences (2005), "The more fast-food restaurants in a neighbourhood, the higher the prevalence of cardiovascular disease or death" (Taggart 2005). Such outlets offer menus with foods extremely high in fat and cholesterol, therefore avoiding such foods can only be good for the heart and the body overall. Eating more fish and fish oil, which increases omega-3 fats, and ingesting more fresh fruits and vegetables, will lower one's risk of heart disease (Massey 4). Although alcohol is looked upon by many as part of an unhealthy lifestyle and a decadent pleasure, wine has been found to have a beneficial affect on mortality for those individuals with CVD, as well. A 1995 study indicated that "there was a does-response relationship between the frequency of the intake of wine and mortality; the maximum effect was observed with a daily intake" (citing Gronbeak, et al.; Bygren, Carstensen, Engfeldt, & Theobald 652). Another decadent delight, chocolate, can have health benefits as well when eaten in moderation. It is the flavonoids in dark chocolate that appear to have some benefit on risk factors for cardiovascular disease when consumption is limited to approximately and ounce a day (Tufts 3). A risk that is almost unavoidable ... A risk that is almost unavoidable in today's industrial-age lifestyle is pollution. No matter where one lives, factories and vehicles have created air quality issues, and "several medical studies have suggested a link between air pollution and heart disease in people who are already at risk because of high cholesterol, diabetes and high blood pressure" (Massey 4). Researchers discovered that this is because pollution combined with a high-fat diet results in a quicker build up of "atherosclerotic plaque in the arteries" (4). Another enormous CVD risk is obesity and abdominal adiposity as reported in one recent study. Researchers determined that "a changing waist circumference affected the cardiometabolic riskboth waist and BMI change, together, were related to change in systolic blood pressure and hypertension" (Balkau, Fezeu, Picard, Vol, et al. 1901 & 1904). A lifestyle conducive to a healthy heart is one that includes regular exercise and weight loss. "A person who leads a sedentary lifestyle is two times as likely to develop heart disease as an individual who is physically active" (Ebony 122). Aerobic exercise promotes cardiovascular fitness and can be accomplished through cycling, jogging, walking for extended periods of time, etc Other "heart-smart" activities include resistance training, "which increases strength, decreases body fat and helps regulate blood cholesterol. Conclusion With a change in lifestyle, including a healthy diet and regular exercise, the possibilities of reducing or eliminating cardiovascular disease is great. Unfortunately, lifestyle changes are difficult and take enormous will and commitment to successfully obtain. However, when individuals realize that a change in habit can dramatically lengthen their

The Management of Navistar International Corporation Coursework

The Management of Navistar International Corporation - Coursework Example On the contrary, the MD&A of the Oshkosh Corporation does not contain the justification for the inclusion of the MD&A section of the organization’s annual financial report, rather going directly into giving the information related to the nature of the company and its operations. On the other hand, the MD&A section of the Oshkosh Corporation has provided a section titled general, under which all the operations and the products that the company is involved in producing and availing to the market, both locally and internationally, are explained (Oshkosh Corporation, 32). This is completely different from the organization of the MD&A for Navistar International Corporation, which goes directly into the executive summary section, which focuses on the previous targets and goals that the organization had set, and the achievements that the organization has made in relation to these goals and targets. The other notable point where the MD&A’s for these two organizations differ is in the presentation of the specific financial information associated with the direct benefit of the shareholders. The MD&A of the Oshkosh Corporation provides the information related to the Earnings per Share (EPS) for the financial year ending 2014, by declaring that the earnings per share for its shareholders in the full year of 2014 was $3.61, which was a notable increase in from the initial estimated range of $3.10 to $3.40 per share (Oshkosh Corporation, 32). This represents an increase in the actual EPS for the shareholders by $0.21 per share. The MD&A of the Oshkosh Corporation has also provided information related to the reinstated dividends to the shareholders, as well as the great milestone made by the company which managed to repurchase 8.3 million shares of Common Stock that served to increase the earning per share for the shareholders of this organization by $0.15 in 2014.

An evaluation of the planning and delivery of nursing care. Acute Essay

An evaluation of the planning and delivery of nursing care. Acute management of patient with NSTEMI - Essay Example In the United States, every year, approximately 5.3 million patients present to the ED with chest discomfort and related symptoms and nearly about 1.4 individuals are hospitalized for unstable angina and Non ST Elevation Myocardial Infarction (NSTEMI) (Cannon & O’Gara 2006). On the same context, in 2000 it was estimated that 1.4 million people in England suffer from angina. 300,000 of which have heart attacks, and it is estimated that more than 110,000 die every year. Although much has improved in terms of treatment and modalities when it comes to cardiac problems and the mortality from cardiovascular causes has declined still the numbers that hit the scale will always remain as a basis for improving programs against coronary artery disease and myocardial infarctions (The National Clinical Guideline Centre 2010). However, the number of people admitted with NSTEMI ACS has shown less of a decline and the management of these conditions remains a high priority (The National Clinical Guideline Centre 2010). The healthcare delivery system is designed to address the growing health problems of the population is a systematic procedure and nurses play an important role on the lead in the promotion, prevention and rehabilitation of health of people. In the concept of this paper the role of the nurse will be given much focus as an evaluative tool in the planning and the delivery of nursing care to NSTEMI patients from the perceived onset, the course of the disease and the rehabilitative phase. With this Nurses’ play an important role as health guide that improve the totality of patient outcome for better prognosis and continuous recovery. NSTEMI: Overview and Understanding the disease According to Anderson et al. (2007), NSTEMI constitute a clinical syndrome subset of Acute Coronary Syndrome that is usually caused by Cardiovascular Atherosclerotic Disease and is associated with increased risk of cardiac death and subsequent myocardial infarction. It is defined by the electrocardiograph ic ST segment depression or prominent T wave inversion and positive biomarkers of necrosis in the absence of ST-segment elevation and in an appropriate clinical setting such as chest discomfort (Anderson et al. 2007; Kalra et al. 2008). Acute coronary syndrome starts when platelet aggregates clump together and forms a thrombi from a ruptured arteriosclerotic plaque. Once the clot occludes the vessels for more than 20 minutes, the myocardial tissue becomes necrotic due to the occlusion (Smeltzer et al. 2009; White et al. 2012). Due to this the heart will not be able to pump enough blood to vital organs and tissues leading to shock and eventually death. Chest pain in NSTEMI lasts longer and is more severe than the pain of unstable angina and can lasts for 15 minutes if not treated with rest or nitro-glycerine. The pain may or may not radiate to the arm, neck, back or epigastric area and may also experience dyspnoea, diaphoresis, nausea, and dizziness (Jevon et al. 2008). Women experie ncing ACS may experience misleading symptoms of indigestion, palpitations, nausea, numbness in the hands, and fatigue rather than chest pain (Overbaugh 2009) The US Department of Health & Human Services (2010)

Corporate Social Responsibility Of Hospitality Industry Tourism Essay

Corporate Social Responsibility Of Hospitality Industry Tourism Essay Corporate Social Responsibility is the means by which a company justifies their existence in order to gain success by showing an interest in taking care of the people and the communities that surround them. Corporate Social Responsibility has the purpose of giving to the society as a whole, an impact that is positive which ensures that it is sustainable for quite some time. The hospitality industry should tightly uphold Corporate Social Responsibility which is also referred to as social responsibility. Corporate Social Responsibility ensures that the society is up to date with events that take place in the society. The society consists of the shareholders to the companies and hence if the society benefits they benefit too. Corporate Social Responsibility helps the companies to create a good image to the public and hence market themselves. Recently so many students are taking hospitality courses, and research carried out has shown that they have come to know about the industry through Corporate Social Responsibility. Most of the students are studying about management of hospitalism. The hospitalism industry requires understanding with a high level of skills in order to deal with the management strategies that are required. The hospitality industry also attracts many people because of the hefty pay that employees get. This industry has many business people running different firms in it. Majority of the people who are in this firms do not look at the industry as being sustainable, and hence they make their short term profits and leave the damage to the society, this has greatly spoilt the image of the industry to the society. These firms should be responsible about the environment if they want the industry to sustain itself through conservation of resources. This way they should be in a position to take care of the pollution that they cause and the waste released to the environment that is toxic. Companies that have upheld corporate social responsibility are doing very well in the market because the society wants to support the companies so that they can continue to do good for the society. Corporate Social Responsibility is about conducting business according to the code of ethics that are laid down for the industry. The society has expectations from the hospitality industry, and it is only fair that they should be met. Corporate Social Responsibility makes the firms in the hospitality industry to strictly obey the laid out rules so that they do not cause damage to the society. However the laws and policies set by the government need to be good to effect Corporate Social Responsibility. So many brands are widely known because of the place where they are produced, which can be in another country or continent for example people believe that items manufactured in the United Kingdom are of a better quality than those produced in African countries. The sales strategy that some companies use to advertise their products has enabled them to be known in the whole globe. Thus Corporate Social Responsibility is the way to recognition for many companies if they want to be known globally. These firms in the hospitality industry are assessed on their financial strengths using the financial statements. The financial position of a company determines how much the brand is going to be recognized. Hospitality companies with high capital tend to attract so many shareholders because the shareholders have trust in the survival of the company and hence they love to be associated with such a company. Above all things the environment is the focus of every company especially those in the hospitality industry. A conducive environment is important for the hospitality industry because it ensures a good regulation for the weather. With so many hospitality companies neglecting the negative effect that   they are subjecting the environment to ,they are hence   encouraged to look for other companies in the hospitality industries that they can group up with so that they can be able to address the negative impact on the environment. Corporate Social Responsibility helps in the overriding of firms in the hospitality industry. The name that a company carries to the public has always proven to be an asset that is valuable. The other thing that has proven important is the value of the brand. With these two aspects Corporate Social Responsibility comes in place to assist in creating a good name for the company or the firm it makes the customers to have trust in the company and also construct loyalty among the employees and even the shareholders. Majority of hospitality companies express corporate social responsibility by making a contribution to causes that are good in the society. The hospitality industry should be in a position to put into consideration equality in respect to gender in order to avoid discrimination at work. The employees in this industry need to be very well trained to ensure that they are in a position to serve clients well. Corporate Social Responsibility helps to take care of some employees who are often vulnerable to discrimination such as the immigrants and people who are physically incapacitated. The hospitality industry needs people who love to work in the industry, this is because it helps them in their hiring of employees for the reason that as much as the salary is good employees want to work for companies that have the interests of the community by being able to help decrease the levels of poverty that are being experienced by some countries. Corporate social responsibility helps to motivate stuff and make them want to continue working in the industry. Many hospitality companies who have engaged in Corporate Social Responsibility events ensure that they include the activities in the company reports that are prepared annually. The International Standardization Organization (ISO) wants to create standards that will apply to hospitality and other companies that will ensure their involvement in the corporate social responsibilities. These standards once created will help in the conversation of the environment. The hospitality industry deals a lot with the lifestyles that people live. It is however supported by tourists and hence it is important to create a good name for itself in order attract more customers. The hospitality industry is encouraged to offer services that the customers demand from them. Corporate social responsibility prevents the hospitality industry from embezzling funds. Millennium hotel group UK contribution to CSR Since the world travel and tourism council released reports on   the contribution that the   hospitality industry   to the economy in form of the high revenues that they fetch for the country, the participation in corporate social responsibilities is almost inevitable. The millennium groups of hotels have learnt to merge focus of the business with ethics that are highly integrated to responsibilities. They have also come to the realization that, when the societies are involved in the hotels operations, they help them to gain leadership behaviors that guide them in managing their small businesses and most of all they have helped the society acquire styles of leadership that are sustainable. The millennium hotels in the events of promoting the corporate social responsibilities have been able to interact with communities from different backgrounds. They have interacted well and made some of the best relationships that are cross sectored and across the various cultures at the same time. The creation of such relationships helps in sharing ideas that are good for business. This ideas help the organizations know what is expected on the inside of the hotel management and even on the outside. Also about leadership, they learn how to transform the various styles of leadership that they use to suite them. Some of the benefits that the millennium hotels have got are that they are able to know some of the factors that are ultimate for dealing with Corporate Social Responsibility. The millennium hotels have also been able to carry campaigns which are encouraging the other business that in the hospitality industry to get involved in helping the society move forward. The millennium hotels have been able to learn the gains that accrue to them because they have created a brand name for themselves globally and have also been assisted in carrying out their ways of marketing the products that they offer. They have been in the front line as far as the protection of the environment is concerned because they have very developed systems of disposing off the wastes from their premises. They have helped to shape the society regarding ethics that people should uphold. They have taught the society that offering help at the right time is important and one should help where he or she can. There are some industries that offer help when it is too late and this makes development very expensive. The millennium hotels are among the top in the list among Corporates that have been involved greatly in the corporate social responsibilities. The millennium hotels have been offering corporate social responsibilities for a long time now and hence they have a lot of knowledge as far as corporate social responsibility is concerned. They are therefore good in dealing with challenges that come as far as corporate social responsibility is concerned. The millennium hotels have created partnership with some agricultural corporations to help in the production of foods that are quality and that fetch the country a lot of revenue. Also so that the hotels can have a diversification in foods that they offer which are not commonly found in other hotels. The agricultural industry faces a lot of challenges as far as climate is concerned and hence in order to ensure there is food security in the United Kingdom. The millennium hotels help them by offering trainings for them that help them to use the best agricultural practices to enable them use irrigation and help in the storage of water in the soil. The millennium hotels encourage conservation of resources by offering funds to create awareness to the public not to waste resources that are available such as water and gas because that helps to save a lot of money. Besides partnering in agricultural industry they have also participated in the summits which are about conservation of energy. Some businesses in the private and public sector are said to be consuming a lot of energy in the processing of their products and hence they are being encouraged to come up with ways that help in the conservation of the same. The millennium hotels have done a commendable job in Corporate Social Responsibility and were recently given an award in the global corporate social responsibility summit and awards for helping and participating in helping the society grow. They have helped the society to solve some of the problems that they can handle. This is very good for their image because people get to learn about them and recommend the hotels to friends or tourists visiting United Kingdom from other countries. They have also paid a lot of concern on the climate change issue which is caused by global warming. The millennium hotels are willing to support campaigns on climate by getting the government to make new policies that are on companies that cause degradation of the environment. The millennium hotels are also on the fore front in addressing issues concerning human rights violations especially of the employees who work in the hospitality industry. There have been cases of violations for rights concerning employees joining the trade unions. Some of the big hotels in the United Kingdom did not want the employees to join the trade unions so that some of the issues that need to be addressed can be looked at. Stakeholders involvement to CSR of hospitality industry. The stakeholders of the hospitality industry has played a big part in promoting Corporate Social Responsibility by   ensuring that the manner in which it is conducted, is fair to all persons in the society. The stakeholders have helped to reduce the rates of pollution on the environment. They have also helped in providing solutions to the problems that were facing the environment. They have helped the companies to translate the theories which are related to corporate social responsibility to practice. They have helped in the application of good leadership in the hospitality industry. The stakeholders have also helped the hospitality industry to use innovation which in order to keep with the changing times as the technology continues to advance. The advancement in technology helps it to be sustainable. The stakeholders help in the preservation of cultures and some of the tradition which act as tourism attraction. The stakeholders have also helped in the conservation of water catchment areas and valleys that are important for tourism. The hospitality industry contributes to the economic growth of the country in a very big way. The stakeholders have helped countries to see that they follow and meet their mission. The stakeholders help to connect the industry internationally and hence making the businesses grow. The stakeholders in the hospitality industry ensure that the employees undergo intensive training because the hospitalism industry is more about public relations. The stakeholders are very concerned about the working conditions that the workers work in and also about the level of dedication that the workers have towards their work. The stakeholders are also concerned about the kind of equipments that the workers use in order to deliver quality services. The stakeholders help in reaching at a decision that is suitable for the industry or about giving suggestion that would help in providing quality services. All this is aimed at improving the corporate social responsibility towards the employees in the hospitality industry. The stakeholders have not at any point stopped to support the hospitality industry and that is why majority of companies and business are taking responsibilities of the environment and also of the society. Research carried out, about   the hospitality industry regarding corporate social responsibility   show that it can integrate well with tourism. Some of the areas that are conserved for use by the hospitality industry to attract tourists are done by the permission from the stakeholders with an agreement of making them to be part of the projects that they carry out. The hospitality industry is also integrated with the media industry because of the advertisements that are carried out about the industry. The industry helps in the development of the communities that are around areas that have tourist attraction sites. The hospitality industry is being challenged to construct communities that are stronger for the changing generations where things are done in a different way than they are normally run. The stakeholders offer a lot of help when it comes to long term business partnerships. The stakeholders look at advancing the corporate social responsibilities in order to have an impact on the community and also help make changes in peoples lives that would not have been able to do make it in life without a little help. The stakeholders encourage the public to get involved in volunteerism so that the public can be able to understand how the concept of corporate social responsibility works. Volunteerism helps give people an insight about life and makes them ready to always help. The spirit of helping and giving should be included in the school curriculum because majority of student do not understand what volunteerism is all about. People who have worked as volunteers at any point in their life make very good managers and hardly embezzle funds from the company. The hospitality industry is surrounded by compassionate people   who love to travel and are ready to learn the diverse cultures that the world has to offer, that is why hospitality   courses integrate very well with corporate social responsibility. The stakeholders like to work with leaders who are ready to listen to suggestions that people have because sometimes they turn out better than anything that they would have come up with. The stakeholders best know the areas in the society that need to be given attention by the corporate world such as the hospitality industry. The stakeholders write proposals to the business in the hospitality industry to guide them on projects that they should undertake which make changes in the society. The stakeholders ensure that they follow up with their proposals because when they go through they are called upon to undertake the projects. Majority of the projects are usually community based projects and hence every person in the society is entitled to the services that are going to be provided. Theories that support corporate social responsibility There are theories that support Corporate Social Responsibility. These theories help in guiding companies about the responsibilities that they should have. Mostly the theories have an impact on the society, the economy of a country and last but not least the environment in which we live in. The theories that influence corporate social responsibility are Clarkson theory, stakeholder theory and the shareholder theory. The stakeholder theory is about the stakeholders of the company who own of the company in their own way because without them then the company would not be in existence since they greatly contribute. This theory talks about recognizing them and making them feel important so that they can greatly support the company. The hospitality industry needs to put the stakeholders into consideration because they help in marketing, by recommending the products to new customers. This theory is all about the business ethics that should be adhered to. The stakeholders are the basis for a company when compared to the stockholders. However this theory faces contradictions based on the use of the profits that companies make. The argument behind is that whether the gains made by the company should be given first be given to the stockholders. The extension of the companies responsibilities to the society who are not stockholders or stakeholders is very important. The stakeholder theory besides considering the non stockholders to the companies also considers the employees to the companies, the communities that are localized, the institutions that are responsible for offering finances to the public in form of loans the customers and finally the organizations who are given tenders to supply goods and services to the hospitality industry. The stakeholder theory helps the company and industry managers to be able in to enter into the business environment that is bigger. It also teaches them to know the various ways of taking care of business and effect procedures that are important to the stakeholders. It also helps the managers to make major decisions about the company and think through about the impact that such decisions will have on the people in the society or all the stakeholders. This theory is dynamic because it gives room for changes in the companies and the companies will also need to adapt to these changes. However, when the company makes it a priority to increase the wealth of the stockholders, the stakeholders to the company can become sidelined and this not good for business. The stakeholder theory says that it is not ethical to fail putting into consideration the stakeholders interests. Companies who overlook the stakeholders look at the benefits of the company in a short term manner compared to the companies who look at making or getting benefits that are long term for sustainability. This theory says that it does not matter whether the company is in business for a long term period or a short one because either way they are supported by the society. Stakeholder theory helps corporations to define their reasons for existent and what they really are. It helps to analyze that, the companies exist because of the shareholders that they have. It says that with this aim the company surely prospers. Companies and industries are viewed as large organization even if they are not big enough because of the social integration that they have with the society. Proposals have been written to the United Kingdom government requesting them to include the section of corporate social responsibility in the constitution so that the industries and businesses in general can be of a common good to all citizens. The government has not made it mandatory for companies to put into application the stakeholders theory but it highly recommends it for companies that want with the support of the society. The Clarkson theory talks about the stakeholders but in a different classification. This theory classifies them into two groups; the primary stakeholders and the secondary stakeholders. This theory says that the stakeholders to a company have different interests in the company that they are members to. This classification enables the firms to be in a better position to develop its policies and more so its reputation. The firms will also be able to meet the benefits which accrue to them economically. The shareholder or stockholder theory is about the people who have capital in the business. It says that the stockholders need to see that the profits generated by the company go to a good course such as charitable activities. These theories have supported the corporate social responsibility in many companies whether is it done in a formal way or not. These theories have acted as a key and eye opener to many companies because they have helped them understand the concept of giving back to the society as they seek to expand. Many businesses face the challenge of knowing who they should give support to. They are torn between the stakeholders and the stockholders. The stockholders according to these theories only want the companies to participate in corporate social responsibilities when the company has made enough profit that can cater for such responsibilities. The stockholders do not like it when the company offers corporate social responsibilities on the expense of the stockholders. The conflict thus is still there as the companies keep on defining their policies. The companies also face the challenge of how far they should extend their responsibilities because there are companies who start foundations and support them for a long time and there are others who donate funds to onetime events that occur. The theories all conclude with a form of business that the company should employ which allows them to become more responsible in how they do business. This theories have helped in sealing some of the gaps that exist in many companies which the business were finding hard to take care of because they were not conducting business in the right manner. Many companies forget that involving the customers in business is what makes them to seal the gaps in the economy and policies to companies. A comparative analysis of millennium hotels UK and the organizations that are highly socially responsible Globalization has in every way helped the hospitality industry to move forward and to help the society. They have helped in curbing inequalities that are experienced in the economy. The other organizations take a section of the profits that they have made in a particular financial year and give to an organization that help in offering of charitable activities. The markets in which the goods and services are being traded nowadays are local and hence this makes the private companies to become more obligated in offering corporate social responsibilities. The global market operate socially nowadays because with the availability of internet stakeholders have the ability to post comments about the hospitality industries and the various organizations that contribute to the society. Sometimes the corporate social responsibility helps to tap investors, because investors like to invest in organizations that are conducting business legally and give back to the society. The other organizations like the millennium hotels in the United Kingdom do a research on what the customers want and hence take effect if what the customers want is possible. So many investors have invested in the millennium hotels because they have shown stability which is justified by the management team that they have in place which gives the investors confidence. The way the millennium group of hotels in which run the business is so professional and hence the contribution in the social responsibilities. Corporate social responsibility revolves about delivering what is in the mission statements that companies have. The millennium hotels in the United Kingdom have clearly shown this because they are not involved in scandals that other hotels face in the hospitality industry when customers complain about services that were offered. The millennium hotels are willing to build on assets that are not tangible because they give returns after an extended time. They are also are not afraid to effect changes when it comes to the structures that they have in the organization. The other organizations face a lot scrutiny and delay when it comes to making changes that affect the management. The millennium hotels are at an advantage because all they have to do is create a good name through the services that they offer to the customers. They also have to intensively advertise the hotels so that many people can become aware. The millennium hotels have excellent booking services since they have offices in the airports and also have fantastic facilities for recreational. This way they help to create demand for the goods that are readily available. The other organizations contribute to the corporate social responsibilities by training the local residents and offering them job opportunities. They teach them to be entrepreneurs because relying on being employed leaves a very small room for innovation. They are known to be very sensitive when it comes to gender issues. They employ women who are situated in the rural areas of the United Kingdom and also consider the youths who are just out of college and are looking for jobs. Most important they employ the people who are not skilled who are mostly based areas that are remote. They consider such persons when hiring workers because they know that the chances of them getting employed in places like the millennium hotels are very rare. The millennium hotels are commended for being able to create job opportunities and to make wealth out of utilizing resources that are naturally and culturally held. The millennium hotels are concerned about the rising levels of poverty in some countries especially in Africa. Helping the society in order to reduce poverty is not concerned with the moral obligation that people have in the society. Countries that have high levels of poverty are said to pose insecurity in the hospitality industry. The hospitality industry in the developing countries is reported to grow at an alarming rate and hence there needs to be improvements so that the tourist or guests feel secure in those countries. There are so many cases of tourist getting robbed and even getting murdered in foreign countries or even residents getting hurt while in local hotels . The millennium group of hotels offers tight security to their guests. The decline in the well being of societies that host some of the organizations makes the society think less of them. For those companies whose societies are well kept, the implication created is that the stakeholders are taken care of well. The millennium hotels are situated in very clean environments that guests would love to associate with. It is upon the government   to figure out   how the other organizations apart from the millennium hotels maintain cordial relationships with the stakeholders. The millennium hotels offer support to countries that are sometimes affected by war. International peace is very important for many businesses and not just the hospitality industry. There is a great need to have programmes that are run by organizations from various industries so that they can come up with the creation of funds that are global. These funds are used to set up foundations and the rules of conduct that companies should use to guide them. This way this can help in creating an economy that is sustainable with time. These foundations can be used to protect the eco- system among other things. The other organizations need to come with a better strategy on how they will be responding to some of the issues, that the community needs to be addressed. These foundations should funded by long term businesses that are going to be operational for a long time so that they can assist the community more. This way they can generate very huge profits following the support from the society. Corporate Social Responsibility will one day become compulsory for all the companies because the society is the backbone of the companies. The market forces continue to be stronger and thus making sure that every company is up to date with the current happenings in the world. The other organizations are so focused on making profits for themselves such that they forget about the societies. They often violate the business ethics and hence most the times embezzle the stockholders capital. Majority of managers in this organizations are not honest since most of the time they run the business in the way they feel they should and not on how the rules state. Majority of this organization leave such responsibilities to the government.

Chocolate Chip Cookies :: essays research papers

Chocolate Chip Cookies Roy McKenzie L.A. 6 ° February 26 1997   Ã‚  Ã‚  Ã‚  Ã‚  Whoever in here likes chocolate chip cookies STAND UP! Well, I like them too.   Ã‚  Ã‚  Ã‚  Ã‚  The story of the Chocolate chip cookie is really an interesting one. In fact, did you know that the invention itself was really an accident? Nope, well, I didn't think so. Let me tell you a little about it. Have you ever wondered how the chocolate chip cookie came to be? Have you ever wondered who brought this American tradition into our homes? Do you know how they became so popular?   Ã‚  Ã‚  Ã‚  Ã‚  Well, it all started one day with a young lady named Ruth Wakefield. One day she was making some cookies for her guests. They were called Butter Drop Do's. This cookie required semisweet chocolate pieces to be melted in the batter. Well she was in a hurry, she had beds to make and drapes to clean so, instead of melting the chocolate pieces in the batter she just chopped them up in the batter, thinking they would melt during the cooking process. To her surprise they stayed very much intact See what happens when you do not follow the directions?   Ã‚  Ã‚  Ã‚  Ã‚  Well, never the less everyone at the Toll House Inn simply loved them. In fact, they became so popular the recipe was published in the Boston Newspaper. The recipe was named the Toll House Cookie. One day Nestlà © was going over their reports and they found that sales for chocolate bars rose rapidly in the Boston area. This was because the chocolate bars were the primary ingredient in the Toll House Cookies. When Nestlà © found out what was up they started making their chocolate bars with score lines on them for easier breaking. This was ok but still not easy enough. So to solve this problem they made morsels (miniature chocolate kisses)and bought the Toll House name. With that they called them Nestlà © Toll House Morsels.   Ã‚  Ã‚  Ã‚  Ã‚  Did you also know that the chocolate chip cookie is the most popular cookie in America? The Toll House produces thirty-three thousand cookies each

How One Ought To Behave When Wronged Essay

Man being good or evil by nature has long been subject to speculations. While some schools of thought advocate that man is good by nature, some argue that man is innately evil. Perception of what’s good and bad also differs among cultures — differing cultures have differing sets of morals and values. What may be frowned at in one region of the world could be tolerable in other parts. Labeling of a person’s actions and reactions is dependent on a belief system that has been practiced early on. This paper will focus on one of those early advocates of man being good by nature and how thatgoodness should reflect in his dealings with persons whom he believes have wronged him. This paper will discuss the â€Å"germs† advocated by Chinese philosopher Mengzi [c. 370-300 BCE] or Mencius, who was a disciple of the Confucian school of thought — that man is innately good. Mencius argues that man has an innate sense of morality, a born quality of doing what is good. His argument is summarized in this statement: Everyone has a heart that is sensitive to the sufferings of others. The great kings of the past had this sort of sensitive heart and thus adopted compassionate policies. Bringing order to the realm is as easy as moving an object in your palm when you have a sensitive heart and put into practice compassionate policies. Let he give an example of what I mean when I say everyone has a heart that is sensitive to the sufferings of others. Anyone today who suddenly saw a baby about to fall into a well would feel alarmed and concerned. It would not be because he wanted to improve his relations with the child’s parents, nor because he wanted a good reputation among his friends and neighbors, nor because he disliked hearing the child cry. From this it follows that anyone who lacks feelings of commiseration, shame, and courtesy or a sense of right and wrong is not a human being. From the feeling of commiseration benevolence grows; from the feeling of shame righteousness grows; from the feeling of courtesy ritual grows; from a sense of right and wrong wisdom grows. People have these four germs, just as they have four limbs. For someone with these four potentials to claim incompetence is to cripple himself; to say his ruler is incapable of them is to cripple his ruler. Those who know how to develop the four potentials within themselves will take off like a fire or burst forth like a spring. Those who can fully develop them can protect the entire land while those unable to develop them cannot even take care of their parents. 1 It is clear that Mencius meant man to cultivate four values in order to be humane. By having a compassionate heart; a heart of shame; a heart of courtesy and modesty; and a heart of right and wrong, can only a person reach his full potential in order to affect his family and society in positive and fruitful ways. In Mencius’ teaching of having a heart of compassion, he suggests that instead of entertaining negative thoughts against those whom man perceived to have wronged him, man should strive to understand the other party’s possible suffering that lead him to digress from the path of goodness. Man should tap into his inner self and bring forth compassion to understand and help the bad person. As for the person’s becoming bad, Mencius argues that it is not the fault of his human nature, but of a void that is present in that person’s life â€Å"When we do not, by what we do, realize what we desire, we must turn inward, and examine ourselves in every point. When a man’s person is correct, the whole empire will turn to him with recognition and submission. â€Å"2 By being compassionate, the wronged person shows the offender his understanding of the other person’s pain, and his willingness to alleviate that suffering. If man is able to do this, society and humanity will flourish and further spread of evil will be prevented.

Definition and Examples of Belles-Lettres in English

Definition and Examples of Belles-Lettres in English In its broadest sense, the term belles-lettres (from the French, literally fine letters) can refer to any literary work. More particularly, the term is now generally applied (when used at all) to the lighter branches of literature (The Oxford English Dictionary, 1989). Until recently, belles-lettres has similarly been used as a synonym for the familiar essay. Adjective: belletristic. Pronunciation: bel-LETR(É™). From the Middle Ages until the late 19th century, notes William Covino, belles-lettres and rhetoric had been inseparable subjects, informed by the same critical and pedagogical lexicon (The Art of Wondering, 1988). Usage note: Though the noun belles-lettres has a plural ending, it can be used with either a singular or plural verb form. Examples and Observations The emergence of a literature of belles-lettres in Anglo-America reflected the success of the colonies: it meant there now existed a community of settlers who took settling in the New World enough for granted not to write about it. Instead of histories, they wrote essays in which style mattered as much as content and sometimes more . . ..Belles-lettres, a literary mode that originated in 17th-century France, signified writing in the style and service of cultivated society. The English mostly kept the French term but on occasion translated it as polite letters. Belle-lettres denotes a linguistic self-consciousness testifying to the superior education of both writer and reader, who come together more through literature than through life. Or rather, they meet in a world reconstructed by literature, for belles-lettres makes life literary, adding an aesthetic dimension to morality. (Myra Jehlen and Michael Warner, The English Literatures of America, 1500-1800. Routledge, 1997)Reporting tr ained me to give only the filtered truth, to discern the essence of the matter immediately and to write about it briefly. The pictorial and psychological material which remained within me I used for belles-lettres and poetry. (Russian author Vladimir Giliarovskii, quoted by Michael Pursglove in Encyclopaedia of the Essay, ed. by Tracy Chevalier. Fitzroy Dearborn Publishers, 1997) Examples of Belle-Lettrists Often the essay is the favoured form of the belle-lettrist. The works of Max Beerbohm provide good examples. So do those of Aldous Huxley, many of whose collections of essays . . . are listed as belles-lettres. They are witty, elegant, urbane and learnedthe characteristics one would expect of belles-lettres. (J.A. Cuddon, A Dictionary of Literary Terms and Literary Theory, 3rd ed. Basil Blackwell, 1991) Belletristic Style A piece of prose writing that is belletristic in style is characterized by a casual, yet polished and pointed, essayistic elegance. The belletristic is sometimes contrasted with the scholarly or academic: it is supposed to be free of the laborious, inert, jargon-ridden habits indulged by professors.Reflection on literature has most often been belletristic: practiced by authors themselves and (later) by journalists, outside academic institutions. Literary study, beginning with research on the classics, became a systematic academic discipline only in the 18th and 19th centuries. (David Mikics, A New Handbook of Literary Terms. Yale University Press, 2007) Oratory, Rhetoric, and Belles-Lettres in the 18th and 19th Centuries Cheap print literacy transformed the relations of rhetoric, composition, and literature. In his review of [Wilbur Samuel] Howells British Logic and Rhetoric, [Walter] Ong notes that by the close of the 18th century orality as a way of life in effect ended, and with it the old-time world of oratory, or, to give oratory its Greek name rhetoric (641). According to one of the literature professors who occupied the chair of rhetoric and belles lettres established for Hugh Blair, Blair was the first to recognize that Rhetoric in modern times really means Criticism (Saintsbury 463). Rhetoric and composition began to be subsumed into literary criticism at the same time that the modern sense of literature was emerging . . .. In the 18th century, literature was reconceived as literary work or production; the activity or profession of a man of letters, and it moved toward the modern restricted sense, applied to writing which has claim to consideration on the ground of beauty of form or emotiona l effect. . . . Ironically, composition was becoming subordinated to criticism, and literature was becoming narrowed to imaginative works oriented to aesthetic effects at the same time that authorship was actually expanding. (Thomas P. Miller, The Formation of College English: Rhetoric and Belles Lettres in the British Cultural Provinces. University of Pittsburgh Press, 1997) The Influential Theories of Hugh Blair [Throughout the 19th century, prescriptions for] fine writingwith their attendant critique of literary styleadvanced an influential theory of reading as well. The most influential exponent of this theory was [Scottish rhetorician] Hugh Blair, whose 1783 Lectures on Rhetoric and Belles-Lettres was the text for generations of students. . . .Blair intended to teach college students the principles of expository writing and speaking and to guide their appreciation of good literature. Throughout the 48 lectures, he stresses the importance of a thorough knowledge of ones subject. He makes it clear that a stylistically deficient text reflects a writer who doesnt know what he thinks; anything less than a clear conception of ones subject guarantees defective work, so close is the connection between thoughts and the words in which they are clothed (I, 7). . . . In sum, Blair equates taste with the delighted perception of wholeness and posits such delight as a psychological given. He makes this remark by way of connecting taste with literary criticism and concludes that good criticism approves unity above all else.Blairs doctrine of perspicuity further connects least effort on the readers part with admirable writing. In Lecture 10 we are told that style discloses the writers manner of thinking and that perspicuous style is preferred because it reflects an unwavering point of view on the part of the author. (William A. Covino, The Art of Wondering: A Revisionist Return to the History of Rhetoric. Boynton/Cook, 1988)

President Lincolns use of executive power during the Civil War

President Lincolns use of executive power during the Civil War Free Online Research Papers I believe that at the time of the Civil War President Lincoln had every right to do the things that he had done. Author Harold J. Spaeth, Ph.D., J.D. from Michigan State University states â€Å"In deciding four cases concerning vessels captured while running a naval blockade shortly after the Civil War began, the Court sustained the president’s action, by saying: â€Å"If a war be made by invasion of a foreign nation, the president is not only authorized but bound to resist force, by force. He†¦is bound to accept the challenge without waiting for any special legislative authority. And whether the hostile party be a foreign invader, of States organized in rebellion, it is none the less a war.† Congress later enacted legislation ratifying the president’s proclamation.† Basically what that meant was that Lincoln did not have to wait for approval from congress in order to take some serious actions. Slavery, economy, and states rights were the cause of the Civil War. In the Northern states there were no slaves because they had put a law past saying that no one could buy, sell, trade, or own slaves. In the Mid-west, farm owners saved money by paying one person to run a wheat cutting machine that did the work of 12 people, they also paid people to work in the factories. There was a different way of life in the South. The rich, Southern, plantation owners had owned slaves. Southern states grew cotton, Mid-western states grew wheat, and Northern states had many factories and businesses. Slaves worked without pay on the plantation gathering cotton and doing other jobs. Many states in the South wanted to make their own laws, instead of the Federal Government making them. But the North wanted the Federal Government making the laws and wanted the Federal Government to make the laws though. The states were also debating whether or not the newly formed states should be freed states or s lave states. As a result, the Southern states seceded from the Union. Lincoln was getting concerned that the border-states would slip away from the Union also. Their importance to both sides, but particularly to the confederacy, was clear. In the book, Battle Cry of Freedom, James McPherson says this about the border states of Missouri, Kentucky and Maryland. â€Å"The three states would have added 45% to the white population and military manpower of the Confederacy, 80% to its manufacturing capacity, and nearly 40% to its supply horse and mules.† Maryland was the first place where President Lincoln suspended the writ of habeas corpus. The authorities detained a Southern sympathizer named, John Merryman. Merryman sued the United States Supreme Court under chief Justice Roger Taney agreed with his suit that Lincoln did not have the authority to suspend habeas corpus. In the constitution, Article I, habeas corpus is not to be suspended by Congress unless the public safety is threatened by rebellion or invasion. The only mention of habeas corpus i s in Article I in the injunction for Congress not to suspend the privilege except in the above two circumstances, but there is no mention of habeas corpus in the description of Presidential powers in Article II. Regardless, Lincoln felt compelled to exercise the authority to suspend the writ of Habeas Corpus and he acknowledged to Congress later that he might have been on shaky Constitutional grounds in doing so. Eventually, the United States Congress granted Lincoln the power to suspend the writ of habeas Corpus during the war going forward and reflective back to the beginning of the war. His argument was basically that abusing this one provision of the Constitution was worth it if the Union’s very existence was at stake. Lincoln’s view was that the protections traditionally granted to all citizens were subject to question when a part of the citizenry was in rebellion against the Union. Research Papers on President Lincoln’s use of executive power during the Civil War19 Century Society: A Deeply Divided EraNever Been Kicked Out of a Place This NiceThe Effects of Illegal ImmigrationPETSTEL analysis of IndiaBook Review on The Autobiography of Malcolm XQuebec and CanadaTwilight of the UAWCapital PunishmentBringing Democracy to AfricaAppeasement Policy Towards the Outbreak of World War 2

Downloading Music Off the Internet Essay Example | Topics and Well Written Essays - 750 words

Downloading Music Off the Internet - Essay Example From this paper it is clear that  the Internet has become the means of generally the entire population to access information anywhere in the world without leaving the comfort of their seats. As the Internet has â€Å"exploded into an awesome resource of information ... it allows for the transfer of mass amounts of information between users ... with the mere click of a mouse†.This study highlights that  attention should be focused on the legalities or illegalities of Internet music downloading. Internet users, especially students, stand in their grounds that purchasing CDs are â€Å"too expensive† and merely a marketing deception by recording companies where the music lover can only find a couple of good songs in the entire album. There have been download reductions after the series of lawsuits filed by RIAA to peer-to-peer networks, but it is undeniable that there are still numerous options for those seeking files, music files especially, in the digital world. Other legal steps taken like the Digital Millennium Copyright Act of 1998 presented by Congress have been criticized as not fully effective to eradicate this illegal act. Government, schools and media have all debated regarding this matter, and it seems that there is still no clear-cut boundaries as to which is morally acceptable or what is to be considered stealing in a gigantic digital galaxy.  The Internet, being extensive and diverse, cannot be fully controlled by both legal offices or supplier of goods as technological advancements continue to rise.

Database security Essay Example | Topics and Well Written Essays - 250 words

Database security - Essay Example is is not done, then databases are subjected to several threats that could lead to loss of integrity, loss of availability, and loss of confidentiality (IFIP, 2013). Privacy protection is both a personal and fundamental right for any individual. It is the right of every individual to hold the expectation that organizations that collect information will ensure confidentiality of personal information. One way in which this can be achieved is by ensuring that organizations will collect, maintain, utilize, and disseminate personal information and data only to the extent that is necessary to enable them perform their functions (Doyle & Bagaric, 2005). Privacy laws regulate how entities handle personal information. They also include obligations that govern the collection, use, disclosure, and access to personal information, requiring entities to observe reasonable measures for the protection of personal information in their possession from misuse, loss and from unauthorized access, use, modification or disclosure. The NIST triad for privacy is set under the above set of requirements for privacy. It is a model for information security that incorporates three main components namely confidentiality, integrity, and availability. Each of these components in the triad stresses a key objective for information security. Confidentiality requires that data is only availed to appropriate parties, integrity means the certainty that there is no tampering with the data prior to and after collection, and availability means that the data will be made available as and when needed (Nemati, 2008). IFIP TC11/WG 11.3 International Conference on Database Security, & In Jajodia, S. (2013). Database security XII: Status and prospects : IFIP TC11 WG11.3 Twelfth International Working Conference on Database Security, July 15-17, 1998, Chalkidiki,