Product Review for Folding Hunter Lock- Back Knife Essay

h3Buck Knives 110-9210 Folding Hunter Lock-Back Knife/h3 The Buck Knives Hunter folding knife is a very simple pocket knife for everyday use and outdoor activities such as hunting. The single stainless steel blade measures out at 3 3/4 inches long, making it fitting for fans of medium-sized knives. The implementation of stainless steel allows the blade to last for years with everyday wear and tear and even rough conditions outdoors. The blade for this particular knife is a straight-edge which is great for common uses such as self-defense and everyday cutting purposes. The handle is made up of a combination of wood and brass to make for a sleek design and a comfortable feeling while holding it. For a point, we have the popular†¦show more content†¦All of the tools, barring the magnifying glass, and the general construction of the knife are made of stainless steel to provide the user with durability and strength to deal with everyday and frequent outdoor use. While the entirety of the knifes construction is made from stainless steel, the outer shell comes in either a thick plastic or wood. You can also select colors such as black, red and blue for the plastic covers. As for the knives themselves, theyre fairly standard blades that come with most multi-tool knives. Theyre both drop-point blades with straight-edges, but the inclusion of two saws in the knife negate the disadvantages of not having a serrated blade. The larger blade of the two is about three inches long, but its not particularly wide enough to do many big jobs. The stainless steel construction also means that the knives will dull fairly easily, and this may occur even more frequently if the knives tends to rub up against other tools while closing. Opening the knives can also be difficult for people with short fingernails as the opening to grab the knife isnt very large. Theres also no lock to prevent the knives from accidentally closing, which could present a safety hazard.

Is The American Dream Real - 863 Words

Is the American Dream Real? The â€Å"American Dream† is predicated on the assumption that with hard work and determination all Americans can achieve success and prosperity. America is the â€Å"land of opportunity† and under this contention, it is assumed that there is equal opportunity amongst all members of society. Thus, according to this ideology, the effort put in by an individual is the most important factor in determining their upward intergenerational mobility. However, I aim to show that the sole efforts of an individual are not enough to explain upward trends in intergenerational mobility. There are a variety of social factors that halt individuals from accessing the rewards of the supposed â€Å"American Dream†. In assessing the ease to which individuals can attain intergenerational mobility, it is essential to explain the impact that social stratification, race and education has on intergenerational mobility. It is thought that the â€Å"American Dr eam† can be obtained solely by hard work and determination. However, when we take a closer look at the effects of the underlying factor of social stratification, we can begin to see the difficulty that arises in attempting to make strides towards success and prosperity. Social stratification is the way in which society categorizes individuals into different socioeconomic classes (Manza et al. 2015). America is one of the richest countries in the world, yet there is so much inequality observed amongst its citizens. How can this be? InShow MoreRelatedThe Real American Dream : Realizing Education Inequality2569 Words   |  11 Pages Social Inequality November 20, 2014 Research Paper: Education Inequality The Real American Dream: Realizing Education Inequality through Intersectionality In recent years, the term intersectionality has taken the foregrounds in understanding how differences such as age, gender, race, sexuality, disability, and religion, etc., interweave and intersect upon individual lives in modern society (Beck 1992). Intersectionality has become a demonstration as to understand, employ, and analyze withRead More`` Real Women Have Curves : An Individual s Pursuit Of The American Dream897 Words   |  4 PagesIn the film, Real Women Have Curves portrays the theme that the American Dream is achievable, but greatly hindered to obtain it. Ana Garcia continuously faces obstacles such as not having equal opportunities to partake in extracurricular activities, a quality education institution, and the continuous struggle between her mother s traditions and the modern world s definition of a women. Ultimately, she successfully passed through these hindrances and achieved it. The American Dream is the idealRead More`` Real Women Have Curves : An Individual s Pursuit Of The American Dream888 Words   |  4 Pagesthe film, â€Å"Real Women Have Curves† portrays the theme that the American Dream is achievable, but greatly hindered to obtain it. Ana Garcia continuously faces obstacles such as not having equal opportunities to partake in extracurricular activities, a quality education institution, and the continuous struggle between her mother s traditions and the modern world s definition of a woman. Ultimately, she successfully passed through these hindrances and achieved her goals. The American Dream is the idealRead MoreLorraine Hansberry s A Raisin1278 Words   |  6 Pagesrepresent the play s theme. The play focused on black American struggles to reach the American Dream of life, liberty, and the pursuit of happiness during the 1950’s and the 1960’s. The idea of everyone having the chance to achieve a better life should exist for all. Hansberry created her title using a line from Langston Hughes’ poem â €Å"A Dream Deferred† the original poem was written in 1951 about Harlem. Hughes’ poem further suggested that when dreams are deferred â€Å"Does it drp up like a raisin in theRead MoreShortcuts In The Great Gatsby Analysis1448 Words   |  6 PagesThe Great Gatsby, one of the most prominent themes is that of the American Dream- a so called sense of achievement and reward free to anyone who works for it. Though this idea is nice, the novel goes to show that this concept is very warped and often either unreachable or grabbed for sloppily by taking shortcuts to happiness. Whether this refers to Daisy and Tom, who use other methods to find entertainment as opposed to working for real relationships, Gatsby, who pines over an unachievable desire, orRead MoreThe American Dream in Death of a Salesman and The Great Gatsby1238 Words   |  5 PagesSince Columbus made land, people have been searching for the â€Å"American Dream†. Many people have their own idea and i deas that have changed over a period of time, but what exactly is the â€Å"American Dream† defined as .Origins of the dream have been rooted in the pioneering mentality of the eighteenth and nineteenth century immigrants, most who came to America because of a promise for a new and better life. The American Dream was sought through hard work and determination. After the time of the WorldRead MoreThe Great Gatsby and the American Dream1401 Words   |  6 PagesThe Real American Dream Since its institution, the United States has been revered as the ultimate land of ceaseless opportunity. People all around the world immigrated to America to seek quick wealth, which was predominately seen in the new Modern era. Beginning in the late 1800s to the early 1900s, the period introduced progressive ideas into society and the arts. Accompanying these ideas was a loss of faith in the American Dream and the promise America once guaranteed, especially after WorldRead MoreIdeas of Success and Failure Mamet Explores in Glengarry Glen Ross814 Words   |  4 PagesIdeas of Success and Failure Mamet Explores in Glengarry Glen Ross Introduction ============ Mamet introduces us into a world of success and failure of salesmen in real estate, which in effect is a microcosm of the reality[MSOffice1] of the U.S.A. He presents a world in which the salesmen are dominated by the fact that they need to close the leads otherwise they lose their jobs. This is a world of corrupt values where people are prepared to tread on othersRead More Comparing Success in Horatio Algers Ragged Dick and the Life of Colin Powell1062 Words   |  5 PagesSuccess in Horatio Algers Ragged Dick and the Life of Colin Powell What does success mean to you? I think the idea of success is affected by the social system. In America and Hong Kong, which are capitalistic societies affected by the American Dream, success means money and fame. In other societies, success might have different meanings. Some people said money and fame is the true meaning of success, but I think that the true meaning of success is to follow the interest of your own and beingRead MoreThe Great Gatsby Essay—Failure of the American Dream1269 Words   |  6 PagesThe novel, The Great Gatsby, by F. Scott Fitzgerald, is about the American Dream, an idealistic and illusionary goal to achieve wealth and status. The ruthless pursuit of wealth leads to the corruption of human nature and moral values. Fitzgerald uses characters in the novel to show the corruptions and the illusionary nature of the American Dream. The superficial achievement of the American Dreams give no fulfillment, no real joy and peace; but instead, creates lot s of problems for the characters

Work and Health Safety in Australian Education Sector †Free Samples

Question: Discuss about the Work and Health Safety in Australian Education Sector. Answer: Introduction Work, health and safety are something which is given major significance in Australia, particularly through the applicability of the Work Health and Safety Act, 2011 (Cth) (Tooma, 2012). Through this act, a framework has been provided which protects the safety, welfare and health of all the workers at work. The people who are covered under this act include the workers, contractors, employees, subcontractors, volunteers, apprentices and trainees. Through this act, the primary safety and health is made the duty of the person who conducts the business or undertaking (WorkCover Queensland, 2017). In the following parts, a discussion has been carried regarding the work health and safety in Australia, with a particular reference to the education sector. In this regard, the issues which are faced in the education factors pertaining to the WHS have been highlighted. This is followed by a discussion on the case laws where the education sector related cases in the matter of WHS have been elucidated. Lastly, before concluding the entire discussion, certain recommendations have been presented to deal with the issues highlighted regarding WHS in Australian education sector. Issues of WHS in Education Sector In the early and the middle childhood settings, the work health and safety is linked with everyday practices. In the early education and even outside the school hour care, the practices of health and safety focus upon the children needs. And as the services offered here are the workplaces too, there is a need for meeting the laws of WHS so that the educators are safe. Each year, a number of educators are injured in their early childhood place of work and the majority of these injuries include the ones which are musculoskeletal, due to the daily activities like lifting of children, play equipments, and even sitting on small chairs. The universities, schools and libraries in Australia are such institutions on which the Work Health and Safety Act as they are deemed as workplaces. Due to these reasons, they have to be prepared for the risks associated with the health and safety at different places. It has to be clearly understood that there is a high risk of workings in the education sector and that there is an urgent need of forming strategies for managing such risks (Work Safe Victoria, 2017a). Some of the key risks in the education sector of Australia are related to the hazardous manual handling; and this includes helping the students particularly when there are special schools; for safeguarding against incidents where repetitive movements are involved, for instance typing. Some of the other issues which can be present in the education sector in the nation include the stress owing to the pressure of work; the risks of an individual falling, slipping or tripping; the improper use of the equipment and machinery i n a manner where the safety is hampered; and such people who could exhibit certain behavior which was not predictable and can be best classified as being aggressive (Work Safe Victoria, 2017b). The importance which is laid over the health and safety in the education sector is due to the fact that this sector involves toddlers, children, teenagers and adults. So, this is the sector which acts as building blocks for such individuals. These individuals are not capable of taking care of themselves and so, their safety becomes a more important duty for the people who have this responsibility. This responsibility is given to the ones who run such educational institutes pursuant to the provisions of Work Health and Safety Act 2011 (Walker and Miller, 2013). The quality learning environment has been underpinned through this statute. In case there are issues surrounding the health and safety, due to which the safety, health and wellbeing of the staff, children, service visitors and families are affected, a quality childhood service cannot be guaranteed (National Alliance, 2012). By adopting proper practices, procedures and policies of work health and safety, the responsibility of making available a safe place of work can be made certain and can be fulfilled by the management. Further, this would also help in avoiding the negative impact which can be otherwise a problem for the employees health and wellbeing. There is a need for strictly adhering to the health and safety duties imposed on the employees, and being provided with a safe place of work. It is also crucial that the work place is safe not only for the employees but for the children, service visitors and the families who visit the educational institute for them to be safe and their wellbeing being properly protected. There is also a need for providing quality early education through supportive working environment (National Alliance, 2012). Case Laws Case Name WorkCover (Inspector Calvez) v TAFE Commission [2014] NSWDC 108 Background Sarah Waugh, aged 12, was an experienced ride, who was fatally injured on March 24th, 2009 while she was undergoing the course of riding lesson and she fell from the horse as the horse started galloping uncontrollably. She was undergoing riding lesson pursuant to the Dubbo Rural Skills and Environment Centre conducted course and was enrolled as an agricultural student. This centre was owned by Technical and Further Education Commission. The case was hence, brought against them as they had the duty by being the training provider, to maintain the safety of not only the workers, but also the children enrolled with it (Australasian Legal Information Institute, 2014). Legal Action taken The defendant pleaded guilty to these charges as they failed to make certain that Sarah was not exposed to the risk. Under the erstwhile act of Occupational Health and Safety, 2000, particularly its section 8 the duty of employer was imposed on the defendant. For giving the verdict in this case, the court analyzed the capability of the trainer who was not only experience horseman, but also was a good trainer. Also, the condition of the horse was analyzed who was deemed as quiet and suitable for the beginner riders. Even though the hose was deemed as non-temperamental by the other experienced riders, he was held suitable for use by an inexperienced rider like Sarah (Australasian Legal Information Institute, 2014). The reason for holding the defendant liable was due to the fact that the house was not properly retrained and reconditioned as he was required to be done, owing to which he was unresponsive towards the inappropriate and unintentional cues from the inexperienced riders. The key parties of this were aware of the fact that the last race run by the horse unsuitable for inexperienced riders. The riding tuition would not have been opted for, in case the riding history of the horse was known. Even when these factors were present, the defendant still used the horse. And this clearly put the wellbeing of the student in danger, thus breaching the WHS provisions (Australasian Legal Information Institute, 2014). The Verdict In this case, the District Court gave its decision against the defendant and found it guilty of breaching the erstwhile Occupational Health and Safety Act, 2000 (NSW)s provisions. Due to these reasons, a fine of $300,000 was imposed on the defendant for failing to make certain that the non-employee was safe and that their wellbeing was not hampered. This was due to the fact that the horse was an ex-racehorse and not suitable for the beginners (Gadens, 2014). Case Name Barry Johnson v State of New South Wales (Department of Education and Training) [2006] NSWIRComm 275 Background A case was made against the defendant for breaching section 8(1) of the erstwhile Occupational Health and Safety Act, 2000 (NSW) as they had failed in making certain that the welfare, health and safety of the employees was not put at risk, particularly that of Lindsay John Cotterill, Ronald George Calrow and Kenneth Charles Ambler regarding the failure of the employer in ensuring that the work was safe for employee, without a risk being placed to their health. In this case, the accused individual employed the teachers at the school when there was a possible risk towards the teacher in terms of psychological or physical injury due to actual threats of violence by AL and the need of restraining AL. On Dec 10th, 2001 AL became aggressive and restrained the three teachers. Due to this, Calrow was physically injured. Another issue which was addressed in this case was related to the post traumatic stress disorder caused to Ambler, McInnes and Cotterill due to being threatened by AL with a butchers knife (Australasian Legal Information Institute, 2006). Legal Action taken The court identified that the defendant allowed AL to attend the school as a student even when he posed a high risk to Ambler, Calrow and Cotterill. The defendant failed to take the required steps towards proper risk assessment regarding the possible risk present due to the school being attended by AL. There was also a failure in making certain that the results were present for the complete psychiatric, medical and psychological assessment of AL. This was followed by the failure in informing the employees or even consulting them regarding the history of ALs actual violence and the implementation of reduction or precautionary strategies. Lastly, they also failed in appointing the required security guards at school. Due to the similar reasons, the duty contained in section 8(1), which was owed to Ambler, McInnes and Cotterill, was also breached by the defendant (Australasian Legal Information Institute, 2006). The Verdict In both of the issues raised before the court, the court found the defendant guilty. For the first issue, the defendant was awarded a fine of $100,000.00; and for the second issue, the defendant was awarded a fine of $120,000.00. This was coupled with moiety for each penalty to the prosecution. Though, these penalties were the reduced penalties owing to the principle of totality and significant commonality; otherwise, the court had awarded penalties of $140,000.00 and $160,000.00, respectively (Australasian Legal Information Institute, 2006). Recommendations The discussion carried on till now highlighted the manner in which the health and safety at the workplace in the Australian education sector can be impacted. In order to deal with such issues and the possible other related issues, some recommendations have been presented here. The first and foremost in this regard is the formation of a proper safety risk management system (Stoll, McGill and Ritchie, 2013). Under this system, there is a need to identify the possible hazards, asses the risks which are presented with each of these, manage or control such risks, and effectively monitor them. For instance, the clutter in the corridor can be eliminated so as to avoid a possible tripping hazard (Archer, Borthwick and Travers, 2014). There is a need to eradicate the risk of injury which can be caused due to manual handling tasks which are repetitious, frequent, which are continued for longer durations and which are usually performed with improper technique or posture (Raydugin, 2016). Such issues can be avoided by providing proper manual handling training which covers the day to day practices; practicing of safe carrying and lifting; using proper aids like step ladders and trolleys; storing awkward and heavy items close to such places where they are needed; and using appropriate furniture and equipments. There is also a need to take steps towards minimizing of falls, slips and trips. This can be done by conducting proper safety checks of the toys, building and equipment; keeping the walkways clear; fixing the damages to the floor coverings and broken tiles (National Alliance, 2012). Conclusion The discussion carried on in the preceding parts clearly highlights the significance of the work health and safety of the workers in the nation. When a particular emphasis is given to the education sector, it becomes clear that these provisions are not only to be applied on the workers, but also those who are non-employees. There are different safety issues at workplaces in education sector, which can range from tripping, falling and slipping and even to the serious issues where the physical safety of the workers is put in a risky position. In this regard, the provisions drawn through the WHS legislations provide the requisite remedy to the injured party, as was seen in the case laws highlighted here. In order to deal with such issues, certain recommendations were drawn, where the primary one is to form a proper risk management system to effectively deal with such WHS issues. And by adopting these recommendations, the small issues can be avoided from being issues to case laws. References Archer, R., Borthwick, K., and Travers, M. (2014) WHS: A Management Guide. Victoria: Cengage Learning Australia. Australasian Legal Information Institute. (2006) Barry Johnson v State of New South Wales (Department of Education and Training) [2006] NSWIRComm 275 (15 September 2006. [Online] Australasian Legal Information Institute. Available from: https://www.austlii.edu.au/au/cases/nsw/NSWIRComm/2006/275.html [Accessed on: 21/08/17] Australasian Legal Information Institute. (2014) WorkCover (Inspector Calvez) v TAFE Commission [2014] NSWDC 108 (14 July 2014). [Online] Australasian Legal Information Institute. Available from: https://www.austlii.edu.au/au/cases/nsw/NSWDC/2014/108.html [Accessed on: 21/08/17] Gadens. (2014) Work Health and Safety Legislative and Case Law Update. [Online] Gadens. Available from: https://www.gadens.com/News/Documents/Work%20Health%20and%20Safety%20Legislative%20and%20Case%20Law%20Update.pdf [Accessed on: 21/08/17] National Alliance. (2012) Work Health and Safety In Education and Care Services. [Online] National Alliance. Available from: https://www.ecrh.edu.au/docs/default-source/resources/ipsp/work-health-and-safety-in-education-and-care-services.pdf?sfvrsn=8 [Accessed on: 21/08/17] Raydugin, Y. (2016) Handbook of Research on Leveraging Risk and Uncertainties for Effective Project Management. Hershey, PA, USA: IGI Global. Stoll, M., McGill, C., and Ritchie, J. (2013) Work Health and Safety. North Ryde, NSW: McGraw-Hill Education Australia. Tooma, M. (2012) Tooma's Annotated Work Health and Safety Act 2011. New South Wales: Thomson Reuters. Walker, L., and Miller, S. (2013) The Early Childhood Educator for Certificate III. North Ryde, NSW: McGraw-Hill Education Australia. Work Safe Victoria. (2017a) Education Sector. [Online] Work Safe Victoria. Available from: https://www.worksafe.vic.gov.au/pages/safety-and-prevention/your-industry/education-sector [Accessed on: 21/08/17] Work Safe Victoria. (2017b) What are the risks?. [Online] Work Safe Victoria. Available from: https://www.worksafe.vic.gov.au/pages/safety-and-prevention/your-industry/education-sector/about-the-sector/what-are-the-risks [Accessed on: 21/08/17] WorkCover Queensland. (2017) Work Health and Safety Act 2011. [Online] WorkCover Queensland. Available from: https://www.worksafe.qld.gov.au/laws-and-compliance/workplace-health-and-safety-laws/laws-and-legislation/work-health-and-safety-act-2011 [Accessed on: 21/08/17]

Twas The Night Before Finals Essays - , Term Papers

Twas The Night Before Finals Twas the night before finals, and all through the college, The students were praying for last minute knowledge. Most were quete sleepy, but none touched their beds, While visions of essays danced in their heads. Out in the taverns, a few were still drinking, And hoping that liquor would loosen up their thinking. In my own room, I had been pacing, And dreading exams I soon would be facing. My roommate was speechless, his nose in his books, And my comments to him drew unfriendly looks. I drained all the coffee, and smoked soom more pot, No longer caring that my nerves were shot. I stared at my notes, but my thoughts were muddy, My eyes went ablur, I just couldn't study. some pizza might help, I said with a shiver, But each plase I called refused to deliver. I'd nearly concluded that life is too damn cruel, With futures depending on grades made in school. When all of sudden, our door opened wide, And Patron Saint , Mr. Put It Off stubled inside. His spirit was stoned, his manner was mellow, All of a sudden, he started to bellow. On Cliff Notes, and Crib Notes, on Last Year Exams. On Wingit and Slingit and Last Minute Crams. His message delivered he vanished from sight. Bet we heard him laughting ourside in the night. Your teachers have pegged you as freaks, so do you best. Happy Finals to all and to all a good test. Poetry and Poets

Anselm Kiefer essays

Anselm Kiefer essays Kiefer was born in 1945 and was raised in postwar Germany he was greatly affected by the atmosphere and his paintings reflect his attitudes and feelings towards his countrys history. Some of his works also spring from his interest into general history, mythology, philosophy, opera literature, and other art. His works are massive multimedia pieces that tend to be abstract. He uses a great deal of symbolism and representationalism in his works. Most of his works are large heavy mixed media pieces that usually have three-dimensional attachments made out of lead. He seems to have a great interest into the ancient practice of alchemy and this interest also seems to influence his works. Other elements that he sometimes mixes into his paintings are wire, straw, wood and various other materials that he affixes to his works to symbolize many different things in many of his works. He is a fascinating artist and I would truly enjoy the opportunity to study some of his works in person. Mere photographs and computer imagery does not do his work justice. ...

How are you doing on your New Year’s Resolutions

How are you doing on your New Year’s Resolutions Every year I not only post my New Year’s â€Å"Ressaylutions† in January, but also report on my progress in August (well, last year I did my mid-year check-in in September). Why do I do this? Because like most humans, my memory is short. It’s so easy to lose track of the promises I made eight months ago. And I don’t want to find myself in January 2016 in the same place I was a year before. Do you remember your 2015 New Year’s goals? Did you write them down? If so, this is a good time to assess your progress and recommit so you can create new, forward-moving goals for 2016! The Essay Expert’s 2015 â€Å"Ressaylutions† and Current Status: Increase college essay / personal statement portion of my business to 25% of business. †¨This goal continues to elude me. I have been getting more referrals from resume writers for this type of work, following a presentation I gave last year at the National Resume Writers’ Association conference. And I appeared on Channel 3 TV the morning of July 31 for 3 minutes (an eternity for TV news) talking about college essay topics. I look forward to September through November which are the busiest admissions consulting months of the year! Roll out a new â€Å"responsive† (mobile-friendly) website.†¨ Made huge progress on this one! TheEssayExpert.com has launched in its new form and is mobile-friendly! I still have work to do to make the site the way I want it, but I feel like I fulfilled on this promise. Implement Infusionsoft.†¨This has largely happened. My e-lists have been transferred to Infusionsoft and clients now receive automated messages that ensure we will not lose track of them or their projects! The launch had a number of glitches and we’re still working out the kinks, but I definitely came through on this one- with MAJOR help from my assistant Jeanne and from Jeremy at WhoKnowsAGuy Media! Serve 250 clients.†¨ Total clients this year is 72, largely due to changes in the number of clients coming to me through my e-book. I am looking at my lead generation strategies and will be working furiously on my website’s SEO in order to generate more leads. Publish a print version of How to Write a KILLER LinkedIn Profile.†¨ This was a huge project, and it’s close to done! The book is formatted and I have a proof which I have now reviewed cover to cover. Once my multitude of edits are complete, we will go to print! I expect the book to help out with Ressaylution #4, increasing my client base at universities and in the Amazon market. Implement a robust referral program. This project has been on hold while I focus on website, Infusionsoft, and print book. I might bump it to 2016! In the meantime, however, people who refer paying clients to The Essay Expert can expect a gift from us! Create more internal systems/guidelines. I have made progress in this area, adding and clarifying items in my agreements with my writers and also revamping some of the terms of service for clients. This is an ongoing project and will never end! I am likely not going to fulfill all my Ressaylutions for 2015, but I’m pretty close on most of them! Checking in on my promises helps me see how much I’ve accomplished and where the gaps are. I wonder what I’ll be creating in 5 months for 2016? How are you doing on your New Year’s Resolutions? Can you reinject energy into completing them? Please share! Category:UncategorizedBy Brenda BernsteinAugust 10, 2015 2 Comments Crystal says: August 18, 2015 at 11:49 pm Thanks for the awesome advice! In previous years, I have written down my goals for the year; however, I never thought about conducting a midyear check to see how I was progressing. This year, I decided to do things slightly different with my goals. I got together with a group of friends and we had a Vision Board party. I found the vision board works well for me because I am visual person. I just need to focus on SMART goals. I am looking forward to sharing what I accomplished this year. Still, I have a couple of months to go. I am now re-energized to finish strong. Log in to Reply Brenda Bernstein says: August 19, 2015 at 10:50 am Youre welcome Crystal. I love the idea of a mid-year visioning party! I look forward to hearing about your end-of-year accomplishments! Log in to Reply

Thornton Dial Essay Example | Topics and Well Written Essays - 250 words

Thornton Dial - Essay Example In 1940 Thornton relocated to Bessemer, Alabama. In Alabama he was exposed to various forms of art and artworks that inspired to create his own pieces of art. After having been employed at the Pullman Company for close to 30 years, the factory was closed in 1981. This prompted Thornton to dedicate more of his time, creativity and thinking to developing and expressing his artistic capabilities. In 1987 he met Bill Arnett, a local but very influential art collector who helped Thornton and his works gain prominence (Thornton & Herman 59). According to Thornton & Herman (16), Thornton Dial’s work mainly focuses on pressing issues that can be found within the realm of American history and politics. These include racism, homelessness, war and bigotry. Using discarded items ranging from buckets to bones to ropes, he constructs assemblages on a large scale. He combines whatever materials he has found with paint and in the process creates an interesting interpretation of politics and history in the United States. Thornton has participated in many exhibitions and his works can be found in many well-known private and public collections. These include the Indianapolis Museum of Art; the Museum of Fine Arts, Houston; the High Museum of Art, the American Folk Art Museum, New York; The Hirshhorn Museum and Sculpture Garden, Washington D.C.; the Smithsonian American Art Museum, Washington D.C.; and the Philadelphia Museum of Art (Thornton & Herman

Life of Charlemagne Essay Example | Topics and Well Written Essays - 750 words

Life of Charlemagne - Essay Example However, in the bibliography that he has written he clearly chose to give in to the "lust of immortality to celebrate the glorious deeds of other times (Einhard 1)." The bibliography is obviously written with the purpose of extolling Charlemagne and highlighting his virtues for the knowledge of the generation to come. The Life of Charlemagne commences by a description of the Merovingian family which used to rule France contrasting their flaws and weaknesses with the virtues of Charlemagne's ancestors. Einhard also admitted his lack of knowledge on the birth and childhood of Charlemagne thereby skipping the time span and concentrating on his military conquest (5). Charlemagne is recognized for his success in battles from his first military undertaking in the Aquitanian War to the Saxon War, Lombard War, Slavic War, and the War of the Huns. Through military force, he is also able to gain the submission of the Breton and Beneventan. Because of these victories, Charlemagne is able to largely expand his territory: "He so largely increased the Frank kingdom, which was already great and strong when he received it at his father's hands, that more than double its former territory was added to it" (16). Aside from conquering vast lands, the ruler should also be commended by winning the allegiance of several nations which is even strengthened by his fondness of sending them letters (17). He also enhanced the beauty of his kingdom through the construction of establishment including the Basilica of the Holy Mother of God and the bridge over the Rhine at Mayence (18). The latter portion of the bibliography humanizes Charlemagne by expounding his personal traits and characteristics including his looks, the manner of his dressing, and his private life. Eidhan gave a very good description Charlemagne's and his favorite food: "His meals ordinarily consisted of four courses, not counting the roast, which his huntsmen used to bring in on the spit; he was more fond of this than of any other dish" (25). After reading the bibliography of Charlemagne, I am able to look at a deeper side of him not as a hero but as an ordinary individual, who has flaws, is fond of music, and of giving. Far from the portrayed picture of him as a hero and saint in history books, the account is much more enlightening. The translator has done a good job from lifting the Latin version into English. The account is very much comprehensible, interesting, and enriching. Works Cited Eidhan. The Life of Charlemagne. Trans. S. E. Turner. 2 February 2008

Project Management Summary Essay Example for Free

Project Management Summary Essay Strategic portfolio management plays an intricate part in project management. Through this paper, the reader will gain a stronger understanding of the relationship that strategic portfolio management plays in project management. Strategic Management Relation to Project Management Project management involves several parts, but the meaning must be understood first. â€Å"Project management is the planning, organizing, directing, and controlling of company resources for a relatively short-term objective that has been established to complete specific goals and objectives† (Kezner, 2013, p4). Knowing this allows the project manager to implement steps toward achievement of the defined goals and objectives. Part of these steps has to do with strategic management. Project management is strategically managed to advance the corporations organizational goals. Strategic management insures the right initiatives are pursued and supported with resources. Strategy today needs to align to a more fluid nature of business environments. It has to be flexible enough to adapt constantly to changing external and internal conditions. The relationship between strategic portfolio management and project management is a very important relationship. Strategic management compliments project management in that it attempts to ensure success by way of doing things at the most opportune time. If a company attempts something too early or too late then possible negative consequences may occur. Projects, within programs or portfolios, are a means of achieving organizational goals and objectives, often in the context of a strategic plan. Although a group of projects within a program can have discrete benefits, they can also contribute to the benefits of the program, to the objectives of the portfolio, and to the strategic plan of the organization. Conclusion As stated at the beginning of this paper â€Å"strategic portfolio management  plays an intricate part in project management†. The reader should now have a stronger understanding of the relationship that strategic portfolio management plays in project management. References Kerzner, Ph.D., H. (2013). Project Management: A Systems Approach to Planning, Scheduling, and Controlling (11th ed.). Retrieved from The University of Phoenix eBook Collection. Project Management Institute. (2013). A guide to the project management body of knowledge. (PMBOK guide). Newtown Square, Pa: Project Management Institute.

Herman Melvilles Bartleby the Scrivener :: essays research papers

American Dream?   Ã‚  Ã‚  Ã‚  Ã‚  The American dream! What is the American dream? Who lives and considers their life the American dream? Does Bartleby live the American dream? What makes this story have anything to do with the American dream? Well in the next few pages I am going to try to relate my idea of the American dream to this story.   Ã‚  Ã‚  Ã‚  Ã‚  The American dream to me is quite simple, happiness living in America. To strive for happiness you need some other tools, just face it happiness isn’t everything. Money is a big tool to happiness. â€Å"Anybody that tells you that money is the root of all evil, doesn’t fucking have any. They say money cant buy you happiness look at the fucking smile on my face, ear to ear baby.†-Boiler Room. The American dream is in one mans eyes to have a nice house, nice car, fun toys, a great family, and dignity. That is the ideal American dream. But that nice house, nice car, and fun toys aren’t going to just appear on a piece of land for you with out money. Working hard for you money, who really wants to work hard for a living? Everyone is out doing what ever they can to make good money with less work. Ever receive those emails or phones that guarantee you to make millions of dollars from home, and have all the free time you want? Well that is the dream of the American dream. The American dream to me is being able to maintain a nice home, with a great family, with more free time on my hands that time spent at an office. With a nice chunk of change in my pocket. But hey that’s why they call it the â€Å"American Dream† it’s only a dream and only the lucky ones will live such a dream. But not so much are they lucky, but smart and figured something out before everyone else figured it out.   Ã‚  Ã‚  Ã‚  Ã‚  Ill do a quick sum up of Bartleby the Scrivener. It’s about a lawyer who helps out wealthy people mortgages, titles deeds, and of the such. He has two scriveners, Nippers, and Turkey, these are just their nicknames. He hires a man named Bartleby, who just replied to add that was put out. Then Bartleby is asked to proofread a document, and replies with â€Å"I’d prefer not to† Its of course irritates him and the rest of the people in the office.

Public Finance and Taxation Essay

There are varying definitions of what public sector economics is and what topics it covers. In a layman’s language Public economics is the application of economics to the activities undertaken by the state. Black et al. defines public sector economics as â€Å"the field of economics which studies the nature, principles, and economic consequences of government expenditure, taxation, financing and the regulatory actions undertaken in the non-profit making government sector†. Thus it looks at the efficiency of various approaches used by government in its day to day operations. For the government uses economic policy instruments which are designed to influence economic behavior in order to achieve certain outcomes. The government has various goals which it pursues they include; i) Macro-economic stability ii) Enhanced economic growth iii) Balance of payment stability iv) Income distribution. The ultimate goal of these policies is to improve people’s welfare. As already mentioned government uses instrument of fiscal and monetary policy to achieve its goal. The use of government expenditure and taxation to influence economic outcome is referred to as fiscal policy. Fiscal policy is often outlined through the annual budget which is presented to parliament every year. The budget outlines its objectives in the budget and how these are going to be achieved. On the other Monetary policy is aimed at influencing the supply of money and consequently economic growth. The central Bank is an independent arm of the state which is mandated with running the monetary policy. In Zambia, monetary policy is the responsibility of the Bank of Zambia. In public sector economics we study the impact of instrument of fiscal policy on economic efficiency. Instruments of fiscal policy include; i) Expenditure ii) Taxation iii) Financing iv) Regulations The first two involves the procurement and spending of the government funds on various programs such as public infrastructure, education, health and public security. Example the government collects revenue using tax and spends the revenue on education, health, roads etc. in economic terms the use of these two constitutes the direct mobilization and allocation of scarce resources. In contrast, regulation entails a law or administratively proclaiming an enforceable instruction that leads to a different allocation of private sector resources than would apply in the absence of government intervention. That is allocation resources are influenced indirectly. Example the government through the Environmental Council of Zambia has put regulations to curb environmental damage; this has lead to increased investment in environmentally friendly technology by private firms. This is something the profit seeking private sector would not have done if there was no government intervention. PUBLIC FINAN CE AND IDEOLOGY Opinions on how government should function in the economic sphere are influenced by the ideological views concerning the relationship between the state and the individual. Political philosophers have distinguished two major approaches. These approaches are the organic view and the mechanistic view of government. Organic View of Government In this view society is considered as a natural organism and the government is the heart of such an organism. Society is an organic whole, just as the human body. Each individual is a constituent part of the organism just like a body part. In this view an individual has significance only as a part of the community and the good of the individual is defined with respect the good of the whole. A person’s action is seen as important if it leads to the improvement of the wellbeing of society. In Plato’s view, ‘an activity of citizen is only desirable if it leads to a just society’. In this view, the goals of society are set by the state which attempts to lead society, toward their realization. The goals of society do differ from one state to another. For example Plato conceived that the goal of government was the achievement of a golden age in which human activities would be guided by rationality. In short society strived to achieve a state in which the decisions of all individuals and the state were rational. So society was support all activities which would lead to the achievement of this goal. In Adolf Hitler’s view, the state’s goal was the achievement of social purity. He envisaged the creation of a supper race. To achieve this goal the state supported all activities which were aimed removing human impurities. They include bizarre actions such as extermination of Jews, physically disabled people and invasion of all countries to ensure that his goals are achieved over the world. The Grand Ayatollah Khomeini argued that the goal of society is to create good believers. Thus all actions of individuals and the state should be aimed at creating a cadre of believers. Closer home, Kaunda envisaged that the goal of society was the attainment of a just society. He coined the concept of human centered development or Humanism. In this ideology he argued all the actions of individuals and government should be aimed achieving a society in which all persons are equal to each other. Proponents of the organic view argue that certain goals are natural for the societal organism such as pursuit of sovereignty over some geographical area. From a policy perspective, the organic view emphasizes combating poverty and equity issues notably redistribution of income as justification for government intervention. In addition, this view tends to support existence of a large government. That is government has a large part to play in of the nation’s activities. Mechanistic View of Government In this view government is not an organistic part of society, but it is a creation of people to better achieve their individual goals. Here government is seen as a reflection of individual preferences or tastes. In short, society is a mirror of individual wants and needs. In this case, government intervention is only justifiable if it leads to individual welfare maximization. An individual will only support a government if it helps him/her to achieve their individual goals. Example government should protect individuals from violence. To do so the individuals gives government coercive power. In Adam Smith view, Government should protect society from violence and invasion from other states. This view advocates for government intervention only to correct market failures and letting the market decide who gets what. In addition, the role of government should be limited to certain public works such as roads, bridges, sewer, and airports. These are infrastructures which make society function. There are several divergent views within the mechanistic view. Some of these are; i) Libertarians View which argue against any further role in the economy beyond providing justice and protecting individual liberty. ii) Social democrats believe that sustained government intervention is need for the good of individuals. These interventions can be as diverse as safety regulations at work place, banning racial discrimination, welfare payments to the poor. In totality, the mechanistic approach focuses relatively more on the efficiency of markets and economic growth. ROLE OF THE STATE 1. Equity and Efficiency Principles Pareto Efficiency-occurs when it is not possible to improve the welfare of some people without making the welfare anyone worse. An economic system that is not Pareto efficient implies that it is possible to change resource allocation without making any one worse off. Example if an economic system is not Pareto Optimal it is possible to increase consumption by one group and reduce for others without making them feel worse off. This is known as Pareto Improvement. Pareto improvement occurs when a change to a different allocation makes at least one individual better off without making any individual worse off. To make us under this lets assume that; i) There are two individuals A and B, ii) There are two goods X and Y, iii) There are two factors of production Labor (L) and Capital (K) iv) We assume that we have a static economy such that XA+XB=X and YA+YB=Y Exchange Efficiency or efficiency in consumption Efficiency in consumption is achieved when the marginal rates of substitution are equal for all persons; MRSXYA=MRSXYB The Marginal Rate of Substitution is simply the slope of indifference curve. ∆∆Y ∆X X MRS=-∆Y∆X If you have a utility function: uX,Y=U0 totally differentiating MUxdX+MUydY=0 MRSxy=-dYdX=MUxMUy In the Edgeworth box efficiency is achieved where the indifference curves are tangent; Lets pick a point such as ‘e’. At point ‘e’ it is possible to make person A better without making person B worse off. This can be done by moving along Indifference Curve no B2 to point d. At point‘d’ the welfare of person A improves because he moves from a lower indifference curve A2 to a higher indifference curve A3. The improvement for person A continues until point ‘c’ where the indifference curves are equal. At point ‘c’ it is not possible to make any Pareto improvement. At point ‘e’ we have MRSXYA>MRSXYB This also true for point ‘d’. This outcome of Pareto efficiency is only possible under perfect competition. This is because in perfect competition all consumers face the same market prices for these goods. That is they equate the marginal rate of substitution to the same price ratio. MRSXYA=MRSXYB=PxPy Each individual maximizes their utility function subject to the budget constraint. That they maximize the following function U0=uX,Y subject to I=XPx+YPy therefore the langrangian L=UX,Y+ÃŽ »(I-XPx-YPy) First order conditions ∂L∂X=MUx-ÃŽ »Px=0 and ∂L∂Y=MUY-ÃŽ »PY=0 MUX=ÃŽ »Px and MUy=ÃŽ »Py solving simultaneously we getMUxMUy=PxPy=-dYdX=MRS Therefore, each person will equate their MRS to the price ratio. Production Efficiency Production efficiency requires that the marginal rates of technical substitution are equal in the production of good X and good Y. That is MRTSLKX=MRTSLKY In the Edgeworth box this requires this occurs where the isoquants are tangent to each other. The marginal rate of technical substitution is simply the slope of the isoquant. K L U0 ∆K Given an isoquant QL,K=Q0 totally differntiating we get MPldL+MPKdK=0 MRTSLK=-dKdL=MPlMPK Lets have a factor Edge worth box to make our illustration easier. Remember from our study of micro-economics we defined an isoquant as a curve that represent the combination of labor and capital which give the same level of output. In the diagram below production of X uses labor from point X to the right and capital from X upwards. For good Y it is the opposite of good X. All points along XPY are Pareto efficient in the sense that it is not possible to improve or increase the output of good X or good Y without reducing either of them. To under this lets pick point ‘a’ which is not along XPY. This point is not Pareto optimal because it is possible to improve the production of X without reducing the output of good Y simply by moving along the isoquant no Y2 output of good X improves/increases to X2 from X1. Pareto efficiency is only possible under a perfectly competitive market system because all produces face the same factor prices (PK and PL). Thus Pareto Optimality condition reduces to: MRTSLKX=MRTSLKY=PKPL Proof: Q0=QL,K subject to C=LPl+YPy therefore the langrangian L=QL,K+ÃŽ »(C-LPl-KPk) First order conditions ∂L∂L=MPl-ÃŽ »Pl=0 and ∂L∂K=MPk-ÃŽ »Pk=0 MPl=ÃŽ »Pl and MPK=ÃŽ »PK solving simultaneously we getMPlMPk=PlPk=-dLdK=MRTS Therefore all firms will be minimizing their costs while facing the same factor prices. OVERALL EFFICIENCY This requires that the production possibility frontier (PPF) and the social welfare function are tangent. That is; MRSXY=MRTXY. X SWF PPF Y The PPF shows the maximum quantity of good X and good Y that can be produced using the existing technology and resources. An increase in the amount of labor and capital available or an increase in the level of technology will make the PPF to move outwards to the right. All points inside the PFF are attainable but not efficient and all points the right of the PPF are not attainable. To achieve, the Marginal Rate of Substitution for society (slope of SWF) must be equal to the PxPy and the marginal rate of transformation (slope of PPF) must be equal to the MCxMCy or resources must be fully utilized. In perfect competition, P=MC. Hence it is possible to achieve the following outcome; MRSXY=PxPy=MRTXY=MCXMCY. Thus a perfectly competitive outcome results into a Pareto optimal allocation of resources. It is important to note that Pareto optimal allocation may not be the best outcome in the sense that it does not consider equity. That is there is no equity consideration. Equity is the fair d istribution of resources in sources. There are two concepts of equity used in economics horizontal and Vertical Equity. Horizontal equity means that people in similar positions/situation must be treated equally. Example if two people have HIV and the same level of CD4 count they should have equal access to ARVs. The only condition is that they are positive and have the same CD4. Vertical equity means that people in different economic situations must be treated differently from a poor person when allocating resources. This is because treating them in the same manner is not equitable. MARKET FAILURE A market failure occurs when the market fails to allocate resources according the Pareto criterion. In other words, a market failure is a situation in which the market fails to allocate resources efficiently according to the Pareto Criterion. Fundamental Theorem of Welfare Economics Welfare economics is the systematic method of evaluating the economic implications of alternative resource allocation. It answers the following questions; i) Is a given resource allocation efficient? ii) Who wins and looses under various allocations? First Fundamental Theorem of welfare Economics- It states that if there is a perfectly competitive market and consumer tastes are convex then any equilibrium will be a Pareto optimal allocation of resources. In short, the competitive market allocates resources efficiently without any need for government intervention. Further, the theorem states that the price from the perfectly competitive market induces selfish individuals independently maximizing their welfare, to bring the economy to a socially optimal state. That is prices rise in response to excess demand and they fall in response to excess supply. Normatively this theorem says that use free market system to allocate resources. The Second Fundamental Theorem of Welfare Economics states that â€Å"society can attain any Pareto optimal allocation of resources by making a suitable assignment of initial endowment of resources and then letting the people freely trade with each other as in the Edgeworth box.† To help us underst and this lets relook at the contract curve which gives the Pareto Optimal outcomes.

Childhood and Adulthood

Men face various phases of life. From being just a little fetus inside the mother’s womb, to being a toddler, a child, a teenager and then an adult, these phases are all being faced by any man and woman. And each phase is equally challenging as the others†¦ challenging for both the person him/herself and the people around him/her who have been watching and guiding him/her all the way.The most compared among these phases are childhood and adulthood. This is not only because these two phases are entirely opposite in terms physical attributes of the person himself, but also because of the number of other aspects which all seem to be on opposite sides. But, it is also worth considering that however opposite these two may look like, there are still worth noting similarities that are evident in the people going through these phases.Childhood and Adulthood DifferencesChildhood covers the age between 2-17 years old for women and 2-20 years old for men. Adulthood, on the other han d, starts when the person reaches maturity and that’s 18 years old for women and 2 years old for the men. But the difference is not merely on the numbers as there is more to it than that.During childhood years, the person seems to cling and acting like totally dependent to the people around him. The parents, older brothers or sisters, aunts, uncles and even the older neighbors will serve will be looked up to by the child.They will be the people whom the child will depend in terms of the most basic needs he has such as food, clothing, shelter, education and much more. Whereas the adults, they are more dependent onto themselves alone. The already learned how to feed themselves and even look for the means where he can get his own food. Even his clothing is not provided by anyone else but himself alone.Much more, at this phase of his life, he may already have a shelter of his own or he is already saving for one. At the same time, the basic educational level – primary and s econdary – is already finished and its either he is finished or almost finished with the tertiary level. This would mean that he can be a university student, a university graduate or already part of the country’s workforce.In terms of responsibilities, there is also a big difference between childhood and adulthood. During childhood, the person himself is not accountable to anything. It will be his parents or his guardians who will be responsible for whatever actions he may commit o whatever decisions he will made.In fact, the child is normally no allowed to do any decision by himself. He is always guided and looked upon to. Wherever he may go, he needs to ask his parents’ or guardians’ permission. Whatever he wants to do, may it be for his life or for his things, he will need to consult his parents and/or guardians first.If in times he commits mistakes, it will be his guardians or his parents who will take the blame. And they are the very people who will teach the child on how to learn from such mistakes. In the same manner, if in moments of challenging times wherein the child commit some deviant behaviors making him to sway away from the righteous parts, it will be the parents or the guardians who will be accountable for such deviant acts because it would seem that they have not given the right moral education for the child.To sum up, during the phase of childhood, it will be the guardians’ and/or the parents’ responsibility to hone the child according to the society’s moral standards and they will be the very people ho will hold sole responsibility for the child – his actions, ways of thinking etc.Meanwhile, as for the adulthood, the exact opposite happens. The person who just reached maturity and adult phase of his life will then have to be accountable for all his actions and decisions. He will now be the one to decide for himself and even for the little ones who are now looking up to him. He will have to decide what he wants to do with his life.He will be deciding whether to continue working or not. He will be deciding whether to move and build a house of his own or stay where e is right now. Every big and little decision will be entirely on his shoulders during this stage.Not only that, he may need to take responsibility for making decisions for other people who are now depending on him. Because he just reach the age where he may have his own family and kids, he needs to ensure that not only himself is safe from troubles and problems, he must take into consideration his own kids and other family members. In short, as one reaches adulthood, it would mean that the person himself is accountable for himself and other people.It would seem that he will be returning the favor that his parents or guardians did when he was just o the childhood phase. Now it will be his time to serve as the role model for the youngsters. Now it will be his time to take the blame when he did something sha meful and deviant. Now it will be his time to be responsible for the wrongdoings that his kids may have done.In terms of financials, there is also very big difference. Because during the childhood phase, the child is not responsible to anything, it just a common tendency that he will no be worrying about the money. Thus, he would just want to buy things (with his guardians’ or parents’ permission of course) without thinking of where to get the money or what will happen for the future.Whereas when he reaches adulthood, he will tend to be very practical in terms of financial consumption. This is brought by the fact that he is the one earning and will have to be responsible whether he will have enough saved money. He will need to learn to prioritize things which item is necessary, which item is just for luxury, etc.SimilaritiesAs for the similarities, most will be on the psychological part. The likes and dislikes of the person facing the different phase of his life may st ay the same. Like for example, if the child dislikes some things or have some phobias over some things, this dislike and/or fear will remain until he reaches adulthood.Also it is very typical for the child to act like an adult during role-playing while it is also typical for adults to act childlike some times during the adulthood. Thus, this sows that whether childhood or adulthood phase, the person himself is accepting what may lie ahead in the future or what he was when he was just a child.ConclusionIndeed, there is a big difference between childhood and adulthood. The physical appearance definitely changes. The level of responsibility grows from nothing to everything.The awareness of financial accountabilities changes from being guided upon to being the driver or the person-in-charge. It is really a big change that every person faces as he moves on with his life. Bu however challenging and different each phase may be, each phase is always worth looking forward to.

The relative valuation model Essays

The relative valuation model Essays The relative valuation model Essay The relative valuation model Essay The purpose of this report is to undertake a firm valuation for Woolworths, using discounted cash flow model and the relative valuation model. This report provides information obtained through a conduct of Free Cash Flow to Firm Discount Valuation Model for Woolworths Limited (WOW), estimating the firm’s current share value. The report will then identify 3 key drivers of the firm’s value in this model; tests are performed in the report to identify the sensitivity of share value in the model to changes in specific variables. In the second section of this report, companies, with similar beta and Earnings per Share Growth as Woolworths’, are analysed and compared, using Relative Valuation as another valuation method to estimate the WOW’s current value. Finally, this report will conduct a regression analysis to justify the result achieved in the Relative Valuation. About Woolworths Woolworths Limited is the largest food retailer in Australia with principal operations in supermarkets within Australia and in New Zealand. WOW and its main rival, COLES Supermarket, take up around 79% of the total grocery market. WOW also has other operations, which include liquor, petrol, general merchandise and consumer electronics. Woolworths has a market capitalisation of $29,927 million, its shares are currently trading at $24. 63 per share. (Market Cap and share price are acquired from FinAnalysis on 16 September 2011) Discounted Cash Flow Valuation Model (DCF) Discounted Cash Flow Valuation Model is used to evaluate the potential for investment by discounting back the firm’s future free cash flows. The DCF model used in this report is Free Cash Flow to Equity Valuation Model (FCFE). Risk free rate: 3. 64%. The Australia 3-Year Government Bond yield on 16 September 2011 is used as a proxy for the risk free rate for this valuation. Firstly, Australia has SP highest credit rating of AAA, also a Fitch credit rating of AA+. These ratings denote expectations of Australia having very low to lowest default risk, very strong to exceptionally strong capacity for payment of financial commitments, where this capacity is not significantly to highly unlikely vulnerable to foreseeable events. Secondly, using Australian-dollar-denoted rate is an easier approach than using USD-denoted rate, where assumptions, for such as exchange rates, may deviate the valuation result from the true value. Thus, we believe that this is a comparable figure to represent the return demanded from a theoretically absolute risk-free investment over this valuation period. Levered Beta: 0. 71 throughout the 3-year high growth period. This is found on FinAnalysis on 16 September 2011. It was calculated by adjusting the industry’s beta based on WOW’s financial leverage. For stable growth period, ? =0. 8 is chosen, as WOW’s beta will approach to one when the firm is approaching to stable stage, which acknowledges the increased stability of WOW by the end of the high growth period. Price sensitivity to change in stable growth rate, 1st key driver of the firm value: One of the key drivers of the firm value is the assumption for the stable growth rate. In our initial valuation, we assume that the firm’s stable growth rate will be approaching to Australian GDP growth rate as the firm achieves stability. As presented, the estimated share value of WOW will increase as the stable growth rate increases. Price sensitivity to change in cost of equity during stable growth stage, 2nd key driver of the firm value: Another key driver of the value in the process of valuation is the cost of equity during stable growth stage. We initially assumed that the cost of equity will be 7. 64% as the beta of the firm will move towards one when the firm approaches stability. The estimated share price of the firm will decrease as the cost of equity during stable growth increases. Price sensitivity to change in length of high growth, 3rd key driver of the firm value: In the last scenario, the assumption of length of high growth period has changed from the initial 3 years to 5 years. This could happen due to the recent financial breakdown, which would significantly slow down the growth of the firm. Should 5-year high growth be used, Australian 5-Year Government Bond rate of 3. 81% is chosen as the risk free rate for the model, as a result of which, the Cost of Equity during high growth and stable growth stages will change as presented below. Other factors stay constant, the estimated share price of WOW will be $26. 80, under which circumstances, the firm is undervalued given the current share price is $24. 63 on 16 September 2011. PS ratio is believed to be uniformly measured as all financial figures for the comparable firms are obtained from the current financial year at FinAnalysis. As these comparable firms are from different markets that have different accounting rules, Price to Sales (PS) ratio is chosen as the multiple to evaluate these comparable firms. Besides that, a similar financial leverage across these comparable firms gives us more of the reason to use PS ratio as the multiple.

The results of writing contest!

The results of writing contest! The results of writing contest! Thanks everyone for the participation in the writing contest by Essay Supply! We are happy to have received each separate work and congratulate  Viktor Farkaz  with the prize of $1500 for writing the best essay!    Also, special prize to  Hope Dickson  for the unique writing and specific approach to it, and congrats with the prize of $25 Amazon Certificate!    Thanks again, together we will change the world! Yours, Essay Supply team!

While the Budget factored in a decline in Australias terms of trade, Essay - 2

While the Budget factored in a decline in Australias terms of trade, the fall in global commodity prices over recent months has been larger than anticipated - Essay Example A rise in this economic measure will enable Australia to buy more imports for fewer amounts of exports which in turn will increase the domestic real income. The volatility in terms of trade will induce volatility in the expenditures of the consumers as well as investment. Throughout history, Australia has been subjected to declining as well as volatile terms of trade. The situation changed after 1986. Since this year the country has been subjected to less volatile terms of trade while it is slightly upward rising trend. The terms of trade of the country has been positively correlated with economic growth of the globe. When the economic growth was strong, the terms of trade rose while the situation was just the opposite when the economic growth was slow. In the year 2000, the terms of trade of the country increased in spite of slowing down of the world economy. There are two key components on the terms of trade of the country namely the global prices of the exports and imports of the country and the goods basket of the exports and imports. The country has the ability to affect the global prices the developments within the country also have the potential to influence the terms of trade. An increase in the global prices of coal compared with ICT goods will contribute in raising the terms of trade as the country is net exporter of coal and importer of ICT goods. There has been a wide positive correlation between the terms of trade and the exchange rate prevailing over that period. The nominal or the real exchange rate has fallen since the financial crisis of mid 1998. The import prices tend to be affected by the regional influences but the export prices are influenced by world prices. In the short run the prices of imports floored more swiftly than the export prices. The exchange rate got boosted. The uneven growth in productivity in tradable or in non-tradable goods sector contributed to

Strategic Marketing Case Study Essay Example | Topics and Well Written Essays - 1000 words

Strategic Marketing Case Study - Essay Example On the other hand, IBM realized that customer-centric and service-centric products have a high-profit margin and investments  in products such as software would ensure that company’s profit margin remained high. Hence, divesting from the low-profit margin products was the first step towards investing in service-centric products. Secondly, the company invested in making the company investing in developing services and software with an emphasis on meeting the specific needs of some industries. In this case, the company’s investment in this line ensured that it de-emphasized on creating and producing hardware and focused its attention towards producing services and software tailored to meet the needs of specific industries. Finally, IBM invested in the application of the technology that it manufactured to market its products and reach out to its customers. In this case, the company had realized that it was making technology that it never exploited, whose implications whe n selling products to customers were evident since customer failed to identify IBM's application of technology. Qn. 2 Description of Louis Gerstner’s Strategy Implementation Style First, it is important to point out that Gerstner was in charge for the turn-around witnessed at IBM. In effect, he was responsible for implementing the competitive strategy that enhanced profitability at the company. In line with this, the case study implies that he single-handedly brought momentous changes to the organization by designing the competitive strategy and overseeing its full implementation. Importantly, the case study does not provide evidence that Gerstner used a team to arrive at the competitive strategy and neither does the case study provide evidence regarding the use of a team to implement the strategy. Hence, the implementation style that Gerstner used to implement the competitive style can be summed up as the commander approach style. In this regard, Gerstner focused on formulat ing an approach to enhance the company’s competitive advantage. In addition, he applied a rigorous analysis to develop a logical strategy whose implementation changed the course of IBM. Gerstner’s implementation style was important since he was new in the company, which ensured his insulation from any prior personal biases or political influences. In effect, this might be one of the reasons that contributed to the success of the strategy. Qn. 3 Implications of the Globally Integrated Enterprise Model for Marketing Managers in the Australia and New Zealand Subsidiary of IBM At the beginning, it is important to point out that the model for operation in IBM used to be a country-based model prior to the global integrated approach. In effect, the company designed the global integrated enterprise model for all its marketing managers in all the countries of the company’s operations. In effect, IBM marketing managers in a country like South Africa use a similar model to the one used by marketing managers in IBM’s Australia and New Zealand subsidiary. The integration of this model in the IBM subsidiary may have different implications. First, it reduces the duplication of roles in the approach that guided the company’s delivery of specific internal services, which reduces a subsidiary’s costs of operations. In this case, the subsidiary may have global procurement done in a different part of the world while paying of accounts and expenses on human

Spain and England Essay Example | Topics and Well Written Essays - 1000 words

Spain and England - Essay Example There were frequent struggles over religious beliefs, and that culminated into the thirty years of war from 1618 to 1648. Catholic and protestant leaders manipulated the situations to befit their political interests. This paper seeks to examine the early modern rivalry between Spain and England, from the angle of the ensuing religious schism. It conspicuously shows how the rivalry strengthened each nation and explains the reasons why England emerged the dominant power by 1600, based on the accounts and examples captured in the book The Making of the West: Peoples and Cultures, 3rd edition by Lynn Hunt et al. The religious war pitted France and Spain, which were predominantly Catholic and desirous of restoring Catholicism throughout Europe and England, which was predominantly protestant, under the Church of England. The rise of Church of England came under the reign of Henry VIII (1509-1547). When Henry VII tried to end is marriage with Catherine of Aragon, so that he would marry Anne Boleyn, the Catholic Church opposed as result of which Henry VIII changed England’s religion, through the enactment of the Act of Supremacy of 1529. Henry VIII’s successors had different impact of the Church of England, most of which were influenced by Spanish catholic philosophy. For instance, Mary Tudor was married to Phillip of Spain, and the latter implored upon her to instill reforms at the Catholic Church in England. As a result of his role, Mary Tudor had over 300 Protestants executed (Hunt et al, 2010, 456). However, Elizabeth I (1558-1693) reestablished Protestantism, and she rejected proposals by Phillip upon the death of Mary. Therefore, as results of the differences between these 2 powers, there were internal strife and disorders in each country. For instance, in England, there was a catholic uprising in the North under the reign of Elizabeth, which she had to deal with, and because of her Protestantism policy, she faced two serious attempts to assassinate her, and there was always the threat of a Spanish invasion. To add, these powers interfered with each other’s activities, including using proxies to f ight their wars. For instance, Elizabeth I funded Dutch rebels engaged against Spain. Phillips II of Spain was determined to destroy political enemies in England, France and Netherlands. The wars took an economic toll on Spain, for by the time Phillip died; Spain could barely afford to wage wars against the Dutch, France and England. Phillip II, despite inheriting a lot of wealth, he used all his revenue to fund the conquest of France, the English protestants and the Ottoman Turks. The conflicts had escalated to a full war, in 1587, when Phillip, in response to the beheading of Mary Stuart-a catholic who was next in line to the throne and who had offered Phillip II of Spain her rights to the Scottish throne- sent his armada to attack England. His armada was heavily defeated, signaling a humiliating defeat to the Spanish Catholics while the Protestants rejoiced (Hunt et al, 2010, 457). Moreover, the two countries were faced with famine, starvation, economic recession and as results o f the constant wars between the 2 countries. For instance, in England, many people ate some bread and soup during the famine, that culminated in the passage of poor law in 1597, whose role was to order communities to support the poor. With regards to inflation, it arose out of the need for more money to support the warfare. As a result, the rulers raised taxes and depreciated the value of their money resulting to high inflation (Hunt

Fundamental Assumptions Of The Human Nature Politics Essay

Fundamental Assumptions Of The Human Nature Politics Essay The fundamental assumptions about human nature have played a major role in determining the philosophy of life for many people. In fact, the manner in which various societies are organized politically, socially as well as economically has a great dependence on basic assumptions on human nature. There are diverse theories on how societies are organized based on assumptions towards human nature. Actually, all these theories are composed of assumptions on the preferences of human beings. There are various complex problems facing the modern world and whose solutions solely reside in the assumptions that are made by policy makers concerning human nature. The assumptions on human nature have elicited diverse reactions and views from different people (Rifkin 2009). As such, people have had varied preferences on the best and acceptable form of governance for their societies. The world leaders apply different forms of governance depending on the assumptions they hold towards human nature. Governance based on human nature assumptions is an ancient principle spanning over 200 years ago. As a matter of fact, assumptions on human behavior can be traced to the enlightenment period (Turner 2006). This is the time when the concept of modern market was born and also the emergence of a state era nation. During the period of enlightenment, various thinkers such as the John Locke, Marquis de Condorcet, Adam Smith and other philosophers had their indignation on the views expressed by the Christian faith of the medieval period that human nature was depraved and fallen. Similarly, the same faith viewed humans as seeking the grace of God for salvation in the world to come. Consequently, these philosophers sought to believe that human nature contained autonomy, rationality, as well as utilitarianism. Moreover, they proposed that human nature obtained salvation in the material acquisition obtained during their lifetime. The enlightenment thought pattern has had immense impacts on peoples perception of human nature and their preferred nation-state. The main focus of the nation state is the protection of property as well as the maintenance of citizen interests in all endeavors. Based on assumptions on the autonomy of human beings, nation states have been created. Thus the need for material acquisition and attainment of salvation to human nature has brought about the perpetuation of economic activities (Rifkin 2009). For instance, most of the modern nations embrace the view of human autonomy and search for individual growth. On the other hand, assumptions that human nature is dependent on the supernatural beings may bring about a form of governance that vests powers and privileges on a chosen intermediary. Such governments include the all-powerful monarchies which represent the divine will in governance. Positive assumptions on human nature can promote effective governance. The modern society regards individual success and advancement with high esteem. Such assumptions make it justifiable for self governance (Turner 2006). The government is therefore justified to maintain the rules and regulations aimed at maintaining the agreed order. In spite of the shortcomings found in any form of governance, remarkable improvements can be done by embracing proper and correct assumptions on human nature. Additionally, immense success in governance can be attained through the embrace of new generation style of leadership. For instance, with the increased internal interrelationships, it is imperative for the government to take into account the biosphere politics which is a collaborative functioning of nations, regions as well as localities all embedded by similar governance and demands. Essay no.3 The federal government has the overall power and authority over all agencies. In fact, the federal government mandates the state offices to perform specific tasks in accordance to the requirements of their formation and governance. On their own, the federal agencies may not perform effectively. They derive all authority and power from the constitutional Acts that led to their formation and governance. Most importantly, there are essential requirements for the operation of the state agencies within such Acts (Ducat 2008). Therefore, the extent to which the federal agencies act and make rules and regulations is dependent upon the legality of the mandate by the federal government. The Supreme Court is mandated by the constitution to oversee all the legal activities of the federal government alongside the different federal agencies. As such, the regulations and rules applied by the agencies need to obtain approval of the Supreme Court. Moreover, there cannot be rules and regulations on h ow Federal agencies are to be rum without a nod from the Supreme Court (Ducat 2008). The entire process is supposed to be carried out through consultation with the federal constitutional requirements. The federal agencies are regarded as being independent regulatory offices. The functioning of the various Federal agencies and offices is facilitated by the congressional financial appropriation towards such agencies. Consequently, the relevance of the rules and regulations made by these agencies has to be determined by the congressional as well as constitutional requirements. The enforcement of the rules and regulations made by the Federal agencies in the Courts as laws has to dependent solely on the requirements of the Constitution (United States Office of Education 2010). For instance, an agency such as the Federal Communications Commission was formed by the Communications Act of 1934 and it enjoys its independence based on the Federal constitutional requirements. Moreover, the agency boasts of immense power and authority to make rules and regulations within its constitutional requirements. The powers and responsibilities of the commissioners mandated to govern these Agencies are clearly enumerated in the Acts. For example in the case of the FCC, there are various titles of the 1934 Act on its formation that enlist different requirements of the agency. In fact, the first Title gives the description of the administration, formation as well as powers of the FCC. The Act also clarifies the process of selection and hiring of the commissioners charged with the responsibility of manning the Commission (United States Office of Education 2010). The applicability and constitutionality of the rules and regulations made by Federal agencies and offices into laws in the courts depends on the Act on their formation. For example, the Acts tend to give a general functioning of the Agencies and their formation. However, there are specific issues that are left for the agencies to accomplish. Therefore, when the agencies narrow down the requirements of their formation, they are required to come up with rules and regulations on their functioning (Ducat 2008). Such rules and regulations need to be recognized by the courts. Nevertheless, the courts may fail to recognize such rules and regulations as laws under some conditions such as violation of certain federal laws or when the agencies act beyond their constitutional requirements. Section B: essay no. 1 The debate on human nature and governance has had diverse discussions and propositions from several philosophers. For instance, philosophers such as John Locke and Friedrich Nietzsche have had diverse ideas and focus towards human nature (Andrew 1999). The two philosophers have delved in various areas of interest depending on the circumstances during their time and the preferences of their studies. Nevertheless, there are pertinent issues that tend to classify their works based on human nature. Moreover, these philosophers were interested in understanding the working of the society with man as the main center of focus. From the perspective presented by John Locke, there are various factors that make human beings equal irrespective of the circumstances that entangle them. According to John Locke, there are various factors that bring about differences in views on religion and other issues in life. However, it is crucial that the differences are addressed in such a way as to promote better and harmonious relations among all men (Rifkin 2009). Furthermore, John Locke admits the existence of diversified views about religion and ways of life with each type claiming originality and superiority of beliefs. However, John Locke defends the importance of embracing tolerance towards the diversified views. Similarly, Locke proposed the importance of shunning the transmission of personal views and beliefs by elected representatives and embracing independence. Thus for him, human equity need to be the guiding principle for the maintenance of a civil society that enables human beings to thrive on individual basis. On the contrary, Friedrich Nietzsches perception of human beings on inequality is based on his immediate circumstances and beliefs. In fact, the views presented by Nietzsche about human beings leaves a lot to be desired. For instance, the claim that illusion tend to satisfy human intellect in most of the time shows how diabolical his views are. Similarly, Nietzsche dismisses the existence of rationality among men as the guide into truth (Andrew 1999). Surprisingly, he makes a proposition that deception forms the basis of human beliefs. The harsh presentation of human nature by Nietzsche does not reveal the true nature of man. For instance, the claims in Nietzsches perspective seem distorted and presenting a negative view on life in general and human beings in particular. On the other hand, Lockes views tend to place major importance on human capability and potential of self-determination. Lockes perspective presents a true account of man and his pursuit of better end.

Food Poisoning :: essays research papers

You know, when you eat an egg, and it doesn't taste right, look right or smell right? Well that means that it could be contaminated with a dangerous substance (Like Chelsea). Food poisoning is the result of ingesting organisms or toxins in your food. Food poisoning can affect one person, or it can occur as an outbreak among several people who all ate the same thing. Even though food poisoning is quite rare in North America, 60 to 80 million people get affected by food poisoning each year, and 6 to 8 million die from it each year. It mainly occurs at picnics, school cafeterias, or at big social events, like parties with food at them. These are all cases where food is contaminated by something, or it isn't prepared correctly. Most of the time, people get contaminated by under-cooked meats or expired dairy products. Bacterias also cause deadly poisoning. Most cases are caused by common bacteria (see Jonathan's speech) like Staphylococcus or E. coli. The main evil ones are Staph Aureus, E. coli enteritis, salmonella, shigella, campy lobacter, cholera, botulism, listeria, bacillus cereus and yersina (gee, funny names!). Kids (like me) and the elderly, (like Mr. Bark), and people with diabetes, heart disorders or kidney disease, have a much higher chance of having deadly symptoms from bacteria in our food. In places like Africa, there are many more diseases that can affect Canadians, because there are many bacterias that our bodies aren't used to. It is also warmer and there are lots of insects that can carry the diseases around.   Ã‚  Ã‚  Ã‚  Ã‚  And now for the symptoms of being poisoned (this is my favorite part). Depending on what exactly your stupid brain told you to eat, the symptoms vary.

A Human Resources Management System (HRMS) Essay

A Human Resources Management System (HRMS) or Human Resources Information System (HRIS) refers to the systems and processes at the intersection between human resource management (HRM) and information technology. It merges HRM as a discipline and in particular its basic HR activities and processes with the information technology field, whereas the programming of data processing systems evolved into standardized routines and packages of enterprise resource planning (ERP) software. On the whole, these ERP systems have their origin on software that integrates information from different applications into one universal database. The linkage of its financial and human resource modules through one database is the most important distinction to the individually and proprietary developed predecessors, which makes this software application both rigid and flexible. To reduce the manual workload of these administrative activities, organizations began to electronically automate many of these processes by introducing specialized human resource management systems. HR executives rely on internal or external IT professionals to develop and maintain an integrated HRMS. Before the client–server architecture evolved in the late 1980s, many HR automation processes were relegated to mainframe computers that could handle large amounts of data transactions. In consequence of the high capital investment necessary to buy or program proprietary software, these internally developed HRMS were limited to organizations that possessed a large amount of capital. The advent of client–server, application service provider, and software as a service (SaaS) or human resource management systems enabled increasingly higher administrative control of such systems. Currently human resource management systems encompass. According to www.oracle.com using an electronic or computerized Human Resource System has several benefits. First is, Automate Key Processes,leverage workflow and internet-based processes to speed and optimize recruitment, hiring, budgeting, compensation, termination, performance, skills, collective agreements, and more. Perform rules-based HR budget control. Second, Get a Single Source of Truth, to maintain global HR data in a single instance for better availability and accuracy of  information, with a global single repository of employee data. Third is, Manage Total Compensation, to attract and retain with the right combination of salary and benefits. Set limits and warnings. Control budgets by department, position, or role. Deploy absence and termination policies. Fourth is, Locate and Manage Talent Globally, to manage recruitment, hiring, and deployment on a global basis and address local country requirements at the same time. Manage address information, currency, data formats, banking details, and payment methods for any country. Conduct competency profiling and management. Lastly, Integrate Intelligence with HR Management,to integrate intelligence with HR management to align the workforce with corporate objectives. According to www.nefsis.com using cloud-based video conferencing helps human resources staff leverage state-of-the-art communications and online collaboration tools to advance the HR agenda. Now, online training, employee benefit meetings, and job candidate interviews can be conducted in private and group virtual conference rooms anytime, anywhere. Using Video Conferencing has many benefits, to cut travel expenses for job candidate interviews, to shorten the hiring process, especially for distributed businesses, to improve the reach of employee benefit meetings to those that missed in-person sessions and those traveling, working from home, or at remote offices, and lastly to create a better online platform for employee benefits, safety, and regulatory compliance training. 1.1 BACKGROUND Nowadays, there are a lot of manual systems being renovated to computerized one. Just like the Human Resource (HR) departments, many companies have evolved to a new computerized system, and also there are companies that still working on a manual based system. The function of Human Resource (HR) departments is generally administrative and common to all organizations. Organizations may have formalized selection, evaluation, and payroll processes. Efficient and effective management of â€Å"human capital† progressed to an increasingly imperative and complex process. The HR function consists of tracking existing employee data which traditionally includes personal histories, skills, capabilities, accomplishments and salary. Also the Human Resource (HR) department is in-charge of identifying the potential applicants (Applicant Hiring). Being a Human Resource (HR) department, it is humiliating that they do not have a permanent system or database that can store their employee or applicant’s information day by day. Sometimes, many companies encounter different problems related with the employee or applicant’s information. Using Ms Excel or Manual Filing is not advisable for storing or tracking employee or applicant’s data, using those kind of tracking or storing may cause of loss of file, unreliable data, time consuming, heavy manual workload, heavy human work force, and etc. on payroll, time and attendance, performance appraisal, benefits administration, HR information management system, recruiting/learning management, performance record, employee self-service, scheduling, absence management and analytics. The Human Resource (HR) department encourages the proponents to develop a system that will help or solve the existing problems regarding Human Resource (HR) department and also to decrease the human workforce. 1.2 STATEMENT OF THE PROBLEM 1.2 .1 What is the profile of the respondents in terms of? 1.2.1.1 Educational attainment 1.2.1.2 Position 1.2.1.3 Years of service 1.2.2 What is the existing system in terms of? 1.2.2.1 Processing of documents 1.2.2.2 Transmittal of information 1.2.2.3 Tracking of records 1.2.2.4 Evaluation criteria 1.2.2.5 Generation of reports 1.2.3 How effective the existing system in terms of? 1.2.3.1 Speed 1.2.3.2 Accuracy 1.2.3.3 Manageability 1.2.3.4 Functionality 1.2.3.5 Portability 1.2.4 Is there a significance difference of the perception of the respondents in terms of? 1.2.4.1 Information of system 1.2.4.2 Processing of documents 1.2.4.3 Transmittal of information 1.2.4.4 Tracking of records 1.2.4.5 Evaluation criteria 1.2.4.6 Generation of reports 1.2.5 What are the problems encountered of the existing system in terms of? 1.2.5.1 Processing of documents 1.2.5.2 Transmittal of information 1.2.5.3 Tracking of records 1.2.6 What is the system to be developed? 1.3 SYSTEM OBJECTIVES 1.3.1 General Objectives To enhance the ability of the human resource management to leverage and absorb new and emerging opportunities and challenges in the business horizons. 1.3.2 Specific Objectives To understand that the employees are also individual and have their own set of needs. To understand and define the overall objectives and goals of the organization, its mission as well as vision. To ensure proper availability of latest tools and methods for training the employees as required for their respective competencies. To select best workforce from the labor market by using the recruitment options like internal job portals, job websites, advertisements, employment agencies etc. To assign the right job to the right employee if the proper utilization of the talent is needed. 1.4 SIGINIFIANCE OF THE STUDY This research is considered important to provide insight into the various Human Resource Management practices needed to perform BPO sector in Philippines. This study intends to investigate the role of Human Resource Management associated with firm performance, namely profitability, growth and employee management. Also this research intends to scrutinize whether  business strategy and environmental uncertainty moderate the relationship between Human Resource Management Practices and Video Teleconferencing. Lastly, this study destines to further the previous research in HRM practices using the contingency approach. Relevant to the issues above, this study contemplates to generate a new framework for further research pertaining to Human Resource Management practices – Video Teleconferencing relationships. 1.5 SCOPE AND LIMITATIONS Employees Information Employee Personal Information Service History Dependants and Emergency Contacts Attendance Warnings/Grievances Company Property Employment Equity Pay and Benefits Pay History including bonuses and deductions Group Benefits Vacation and Leave Banking and Loans Training and Development Performance Reviews Education and Courses Skills Profile Awards and Recognition Health and Safety Incidents and Accidents Medical records Disability Applicant Hiring Initial Interview Versant Online Test Video Teleconferencing (final interview) Reports and Document Library Pre-designed Letters and Forms Over 50 Standard Reports Document Management Confidential document storage Mitigate your risk, have all your documentation ready Reminders Automated Reminders and Alerts View View Employee Summary View Pay History View Work History Security Group and User security Password protected Block out certain information areas by user LIMITATION The system will not focus in calculating the whole payroll but it will only do some parts or portions of it. The Video Teleconferencing will only have a capacity of 4 persons per conference. System will only be limited to two users: Admin and HR Managers 1.6 DEFINITION OF TERMS Human Resources- s the set of individuals who make up the workforce of an organization, business sector, or economy. â€Å"Human capital† is sometimes used synonymously with human resources, although human capital typically refers to a more narrow view (i.e., the knowledge the individuals embody and can contribute to an organization). Likewise, other terms sometimes used include â€Å"manpower†, â€Å"talent†, â€Å"labor†, or simply â€Å"people†. Human Resource Management – is the management of an organization’s workforce, or human  resources. It is responsible for the attraction, selection, training, assessment, and rewarding of employees, while also overseeing organizational leadership and culture and ensuring compliance with employment and labor laws. Teleconferencing – Job interviews by teleconference involve setting up a conference telephone call amongst the members of the selection committee and the job applicant who can hear but not see each other. This may be appropriate where the applicant and the selection committee are in geographically remote locations, video conferencing facilities are unavailable and the applicant is agreeable to the use of teleconferencing. Video Conferencing – Video conferencing is a combination of audio and video transmissions which allows people to communicate by way of an audio visual link (AVL). Each site or endpoint is equipped with screens, microphones and cameras which allowspeople in two or more locations to see and hear each other as if participating in a face-to-face conversation. Security – Control of access to a computer system’s resources, specially its data and operating system files. Versant – are computerized tests of spoken language available from Pearson PLC. Versant tests were the first fully automated tests of spoken language to use advanced speech processing technology (including speech recognition) to assess the spoken language skills of non-native speakers. Survey – is to gather information by individual samples so as to learn about the whole thing. Multiplexing – is a method by which multiple analogue message signals or digital data streams are combined into one signal over a shared medium. CHAPTER 2.0 PROJECT FRAMEWORK 2.1 Theoretical Framework Enhancing meaningful learning by integrating technology into instructional design is central to this project. The most influential theory associated with this process is the IOSR Journal of Computer Engineering (IOSR-JCE): HUMAN RESOURCE MANAGEMENT SYSTEM proposed by A.S.SyedNavaz, A.S.SyedFiaz, C.Prabhadevi, V.Sangeetha, S.Gopalakrishnan (Jan 2013). It is based on the theory that it merges HRM as a discipline and in particular its basic HR activities and processes with the information technology field, whereas the programming of data processing systems evolved into standardized routines and packages of enterprise resource planning (ERP) software. 2.2 Conceptual Framework The conceptual framework is built on four theoretical perspectives and prior research in conceptual model of HRMS. It is based on, but different from, existing and international HRMS models. Competitive advantage and performance are commonly noted as the ultimate needs of the organization; this study focuses on the creation of the most requisite resources to realize these targets. 2.3 Project Paradigm This area explains the directions that the proponents should follow to accomplish the goals of the system, this will be a fine guide that will lead us to the aptness of the system. 2.4 Review of Related Literature This chapter presents the review of related literature and studies. It contains a review of books and studies on the subject matter conducted here and abroad and their relation to the present research. The researcher looked for a number of related foreign and local literatures that will help us in developing our proposed project. 2.4.1 Local Studies and Literature Human Resource Management (HRM) has shifted its function within organizations over the last few years. Its function has grown considerably and has shifted into a more strategic role rather than providing support for administrative paperwork. There has been a shift too, in terminology, with the term Strategic Human Resource Management (SHRM) becoming more common. Since the rapid development of technology, software developers are continuously creating new and sophisticated softwares that can help companies execute  day-by-day HR administrative tasks as well as enabling them to perform fast and effective recruitment process, performance management, compensation & benefit, etc. OPUS Management (April, 2010). Human Resource Information System: Enabling your Human Resources Information System to Support HR strategic roles, volume 13, pages 101-116. This 21st century, companies are committed to provide world-class products and services to meet customer requirements and satisfaction. This can be attached if companies could attract, employ and retain world-class people. Today, HR (Human Resource) departments continue to ensure that highly qualified employees / workers get the right job assignments, trainings, learning opportunities and maintain competency assessments to prepare them for a clear career path. There are even international trainings and seminars offered / given to employees as well as virtual transfer-of-technology from foreign expatriates to ensure efficiency and productivity. With the recent trends of companies vying for accreditation and certification from the ISO body, the HR’s active participate in the education of its employees/workers rests on its move to ensure that the company’s Quality Policy is a commitment of everyone in the organization so that they may strictly implement it through effective communication, review and improvement. Magsino, B.V. (August, 2010). Human Resource Management (HRM): Gaining a Competitive Advantage, pages 19-22. There are many purposes of Human Resource Information System in our environment, first is, HRIS helps us to manage all of the employees information, second, it conducts reporting and analysis of employees information, third, it contains company-related documents such as employee handbook, emergency evacuation procedures, and safety guidelines, fourth, it benefits administration including enrollment status changes, and personal information updating, fifth, it has a complete integration with payroll and other company financial software and accounting systems, lastly, it is also responsible for applicant tracking and resume management. By automating Human Resource practices, HRIS saves time and money, effectively reallocates work processes and thus provides competitive advantage and add strategic value to the organization. Pelones, M. (July 14, 2013). Human Resource Information System.Retrieved August 29, 2013, from http://www.slideshare.net/Pilmathe2001/module2-human-resource-information-system-24215973?from_search=23. HRM refers to the policies, practices and systems that influence employees’ behavior, attitudes and performance. Many Companies refer to HRM as â€Å"involving practices†. The strategy underlying these practices needs to be considered to minimize its influence on company performance. HRM practices include analyzing and designing work, determining human resource needs (HR Planning); attracting potential and qualified employees (Recruiting); choosing employees (Selection); teaching employees/workers how to perform their jobs and preparing them for future (Training & Development), rewarding employees (Compensation); evaluation their performance (Performance Management); and creating a positive work environment (Employee Relations). HRM Practices are strategic. Effective HRM has been found to enhance performance company performance by contributing to employees and customers’ satisfaction, innovation, productivity and development of a favorable reputation in the business community. The potential role of HRM on company performance has only recently recognized. Gayno, H.C. (2010). Processing a Turnaround, â€Å"Human Resource Management†, p.11. The Human Resources of the Philippines Aside from natural resources is one of the basis of economic development. Its people is the most important resource of any country. It is important to understand how people utilize and develop natural resources based on their character, diligence, and creativity. In fact, humans serve as the â€Å"driver† of the world since the direction of it depends on them. Julian (July 23, 2009). Human Resources of the Philippines. Retrieved September 06, 2013 from, http://www.slideshare.net/juilian/human-resources-of-the-philippines 2.4.2 Foreign Studies and Literature The complexities of the European environment differentiate much of Europe from the United States and also from much of East Asia. Moreover, there are apparent cross-national differences with respect to the impact of SHRM approaches on firm performance. Much of the empirical research demonstrating a positive connection between SHRM and firm performance has taken place in the United States (Wright & Boswell, 2002). Studies conducted in a variety of Asian countries also have shown HPWSs exerting a positive effect on firm performance (e.g., Bae& Lawler, 2000; Bae et al., 2003; Bjà ¶rkman& Fan, 2002;  Lee & Miller, 1999; Morishima, 1998). In contrast, research is less supportive of the effective transference of American-style SHRM approaches to European countries (Doeringer, Lorenz, &Terkla, 2003; Harzing&Sorge, 2003; Rodrà ­guez & Ventura, 2003). There are many factors that might explain why these techniques are not so effective in Europe, including political and cultural constraints, stronger unions, the regulatory environment, extensive use of works councils, and general resistance on the part of European management. Whatever the case, the apparently more limited efficacy of SHRM approaches in Europe provides one explanation as to why SHRM approaches seem less likely to be adopted there. Chen, S.J., Lawler, J., Bae, J. (2011). CONVERGENCE IN HUMAN RESOURCE SYSTEMS: A COMPARISON OF LOCALLY OWNED AND MNC SUBSIDIARIES IN TAIWAN, page 238. To develop a software application that supports the application specific to the HR automation in an intranet specific to a company there by allowing the integration of all the employees pertaining to that organization. To keep track of all the other departments related to that organization such as marketing, development etc. To allow the HR of an organization to update the employee details when ever there is a change in the employee profile pertaining to that organization. The HR center is a powerful application designed to allow companiesto streamline their human resource tasks and manager their employees more efficiently, Employee and Company Information Employee Time, Attendence, and Leave Request HR Documentation Management (i.e. insurance forms, W-2’s etc.) The HR Center includes a comprehensive employee informationdatabase, work information, beneficiary information, and more for each employee. It comes standard with employee self-service access allowing employees to update their personal information, request time off or input their daily timesheet entries. It also has role –based access level control that is functionally based on whether a user is an employee, a manager, or an HR admistrators.  With HR center managers and HR admistrators can manage a track. Srikanth, T. (2012).Human Resource Management System. Retrieved August 29, 2013, from http://www.slideshare.net/chetanmbhimewal/3263270-humanresourcemanagementsystemshrms?from_search=8 The paper titled â€Å"HUMAN RESOURCE MANAGEMENT SYSTEM† is basically concerned withmanaging the Administrator of HUMAN RESOURCE Department in a company. A Human ResourceManagement System (HRMS), refers to the systems and processes at the intersection between human resource management (HRM) and information technology. It merges HRM as a discipline and in particular its basic HR activities and processes with the information technology field, whereas the programming of data processing systems evolved into standardized routines and packages of enterprise resource planning (ERP) software. The main objective of this paper is to reduce the effort of Administrator to keep the daily events such as attendance, projects, works, appointments, etc.This paper deals with the process of identifying the employees, recording their attendance hourly and calculating their effective payable hours or days. This paper should maintain the records of each and every employee and their time spend in to company, which can be used for performance appraisal. Based on that transfer, removal, promotion can be done. A.S.SyedNavaz, A.S.SyedFiaz, C.Prabhadevi, V.Sangeetha, S.Gopalakrishnan (Jan 2013). IOSR Journal of Computer Engineering (IOSR-JCE): HUMAN RESOURCE MANAGEMENT SYSTEM, volume 8, Issue 4, pages 62-77. For some years interviews for promotional custodial positions have been primarily conducted by video conferencing in order to reduce travel and recruitment time and costs. It is anticipated that more interviews for noncustodial jobs will be conducted by video conferencing as part of an ongoing CSNSW strategy to streamline recruitment activities and to have an outcome more quickly. In the main entry-level Correctional Officer and Probation and Parole Officer interviews, arising from campaign advertising, are conducted face-to-face. Based on the above considerations, the selection committee has the flexibility to utilise teleconferencing, video conferencing and face-to-face  interviews. Human Resources Division will confer with the selection committee convenor about the mode of interview. (November 2012). Human Resource: Job Interviews – Video conferencing and Teleconferencing –Policy and Guidelines, pages 1-4. (Electronic Data Processing) at the primary level, an organization may be interested in automating processing of routine information. It is an exercise of automating routine paperwork at the operational level. (Management Information System) in this phase focus is shifted from EDP level to MIS level with more inquiry and report generation flexibility. This is intended for middle level manager to control the operation, matching budget or projection. (Decision Support System) facilitates decisions at the higher level in the organization. At this stage HRIS is more interactive and capable of developing decision model on many strategic issues. It is important to mention that all these types of HRIS are equally important for an organization. Without EDP, i.e, the basic data storage of employees information and payrolls, MIS can not be developed. Because at MIS stage, middle level managers, duly retrieving information, try to enforce control at the operational level. Similarly, without EDP and MIS, DSS can not develop decision models, examining decision alternatives, as at the corporate level, inputs from EDP and MIS reinforce DSS with enhanced interactivity. Ojha, P.K (April 19, 2013). Human Resource Information System. Retrieved September 05, 2013, from http://www.slideshare.net/PranavKumarOjha/human-resource-information-system-19158875?from_search=10