Analyzing The Factors Influencing Teaching And Learning Essay

Assessment Unit standard 19022 Steven Dong Outcome 1 (A) (B) The structure outlined in (A) is quite detailed and person on each position can make full use of their position power to push the organization forward. While the current organization structure gives rise to the cumbersome staff, and it fails to distribute the human resources to each position. There are some recommendations for improving its effectiveness, such as increasing the marketing staff, setting up a full-time surveillance position and empowering the staff. (C) As a course designer, staff must be skillful in designing beneficial education program, be good at analyzing the factors influencing teaching and learning and know how to deal with each specific situation, how to design favorable activities for students and how to managing the whole class. As a course trainer, staff must be professional in the field he teaches. Also, he should have a favorable teaching method, have a way to attract students’ attention, be good at communicating with students and know how to combine the lesson with practice. As a career consultant, who helps students choose the career path, the staff must be fully skillful in understanding the job prospect, analyzing the students personality, familiar with all walks of life, data analysis and proposing constructive suggestion in career path. (D) (i) The staff can offer a sound education program at a diploma level, and diploma is every student’s final goal when entering into aShow MoreRelatedPersonal Statement Of Teaching Philosophy979 Words   |  4 PagesStatement of Teaching Philosophy M. Th. Hassan The student is the key element in the education process and teaching is in the heart of this process. The mentor should direct the student in his journey of study, and give him/her a clear space for creativity. My primary goal will be to help the students to think about their own thinking so they are able to recognize shortcomings and correct their reasoning as they go, as well as develop their skills, to be independent scholars. I am a lifelong learnerRead MoreTeaching Research Papers1624 Words   |  7 Pages The two research studies that I have found on teaching practices that support high-quality programming for children and families include an article on teacher-child interactions and a book called â€Å"Foundations and Best Practices in Early Childhood Education†. Each one of these research studies show different information on numerous ways teaching practices do support high-quality learning for the children and ways to support the families. The article covering child and teacher interactions was designedRead MoreThe Importance of Learning Materials in the Learning Process1538 Words   |  7 Pagesinstitutions worldwide successful teaching and learning is measured by academic performance. Academic performance refers to how well a student meets standards set out by education ministry and the institution itself. Academic performance is as a result of psychological, socio-economic and environmental factors (Syed Raza, 2006). It relates to a number of interacting factors among which is ethnicity, gender, age, learning abilities, learning support, motivation of learning and achievement as reflectedRead MoreFaculty Perceptions Of Satisfaction At A Small Research University Bolliger And Wasilik1387 Words   |  6 PagesTheme 2: Faculty Perceptions of Satisfaction Attributed to the increasing demand for effective virtual learning experiences in the realm of higher education, analyzing faculty members’ perceptions of satisfaction is equally as important as addressing student perceptions. Consequently, during the last decade research focused on the perceived satisfaction of higher education virtual instructors has increased tremendously (Bolliger Wasilik, 2009; Hogan McKnight, 2007; Menchaca Bekele, 2008; PandaRead MoreThe Greatest Challenge For American Higher Education1582 Words   |  7 Pagesbarriers students’ face, the factors that contribute to their persistence, and the role of the institution are all factors to be addressed. Teaching and assessment of developmental adults is similar to high school teaching and assessments. The principles remain the same for both groups. Learning how to incorporate teaching to engage, interest, and challenge students is the definitive goal. The best way to ensure meaningful, engaged lea rning is to use support programs (learning centers and tutoring labs)Read MoreThe Link Between Social Interactions Among Peers And School And Academic Outcomes For Over 40 Years Essay1619 Words   |  7 Pagesstudy is to explain academic achievement by analyzing four factors: the peer pressure effect on students, gender, and student’s particular interest for education compared to their peers, and race and ethnicity. This research relates to social work in many ways. Social workers find this research important because during the adolescent stage, students are finding their own personal identity and their identity among their peers. Students are also learning how to socialize. They socialize with peersRead MoreThe Role Of Simulation For Nursing Education Essay1133 Words   |  5 Pagesoccurred because of Aspect 1: Factors That Have Led to an Increase in Simulation in Nursing Education Appraising factors leading to an increase in the use of simulation for nursing education allows for understanding how to further develop the pedagogy used with simulation. Analyzing what has influenced its rise in use allows for insight and planning for future technology developments. Most of today’s nurses can recall only using low-fidelity mannequins in learning about basic nursing care. OneRead MoreWhat Qualities, Skills, Talents, And Experiences Of A Good Health Care Practitioner?1418 Words   |  6 Pagesdo you exhibit them? A physician must be well rounded in a variety of fields to provide effective care. First, an interest in learning scientific knowledge must be accompanied by the ability to translate that knowledge into methods of treatment. Because science is constantly changing and improving, a physician should be continuously expanding their scientific learning within and outside of their respective fields. Most of the coursework that I have taken reflects my interest in the intersectionRead MoreMaternal Role : Becoming A Mother1743 Words   |  7 Pagesthroughout the first year, their social supports and community factors that affect this relationship. Background Ramona T Mercer, born 1929, received a nursing diploma from Margaret’s School of Nursing in Montgomery, Alabama. (p.284) She later obtained a bachelor’s in nursing from the University of New Mexico in 1962 and her master’s degree in maternal- child nursing in 1973 from the University of Pittsburgh. (p.284) Her career led her to a teaching position in the Department of Family Health Care NursingRead MoreEvaluation Of The Educational Organization1818 Words   |  8 Pagesquality education to its students. One way to achieve the highest level of quality in higher education is by discovering knowledge for prediction on enrollment of students in a particular course, unfriendliness model in the traditional classroom teaching, recognition of unfair means used online examination, discovery of abnormal values in the result students leaves, prediction on the performance of students and so on. Knowledge is hidden among the set of educational data and can be extract by usin g

Case Study Supply Chain Management Essay - 2039 Words

Introduction â€Å"The best supply chains aren’t just fast and cost-effective. They are also agile and adaptable, and they ensure that all their companies’ interests stay aligned.† (Lee, 2004) Supply chain management or SCM is a series of interconnected and interdependent operational functions and decisions. It is the blend of art and science that goes into enhancing the company’s procedures in obtaining the raw materials it requires to create a product or service and distribute it to customers (Harland Jr, 2013). All successful e-commerce businesses have one strategy in common, that similarity is the emphasis on creating and developing supply chains that distributes products and services to customers as cheaply and fast as possible. Leading e-commerce business and enterprise continually invest on improving the speed and cost-reduction of their supply chains, in which implementing a supply chain management proves to be beneficial. Supply chains that are flexible, nimble, and aligned can deliver sustainable competitive advantage, which is crucial to successful e-commerce (Lee, 2004). This essay will discuss the statement ‘good supply chain management is key to successful e-commerce’ taking into account the main functions of supply chain management in relation to e-commerce businesses. It will also highlight several problems organisations face in implementing a good supply chain management system and how to overcome these drawbacks. Furthermore, the essay will include twoShow MoreRelatedSupply Chain Management : Case Study869 Words   |  4 PagesMicroeconomics 25 March 2015 Supply Chain Management Tom Greening once said, All management begins with planning† (Tom Greening). Those who study and research supply chain management will agree that the aforementioned quote holds true in their field. Companies looking to reduce their costs and better their customer service often look to implement supply chain management. In order to effectively execute successful supply chain management one must acknowledge the importance of demand management, communicationRead MoreCase Study : Supply Chain Management1182 Words   |  5 PagesSupply chain management is currently an important aspect in Management Information System. So much technology and brainpower have been used to improve the performance. In this decade electronic data interchange has made the process flexible, automatic warehousing and rapid logistics. Every organizations are trying to make their supply chain management more accurate using quick response, efficient customer response, mass customization, lean and agile manufa cturing. (Fisher, 1997) Value and rate ofRead MoreCase Study : Supply Chain Management1028 Words   |  5 PagesSUPPLY CHAIN MANAGEMENT IN RETIAL INDUSTRY: CONCEPTS, STRATEGIES AND WALMART CASE STUDY Mian Wang CID: 01090728 Imperial College Business School, MSc Management ABSTRACT With the rapid increase of operation cost and fast development of E-commence in today’s retail industry, traditional operation management models are antiquated. Companies attempt to enhance competitive capacity through management innovation, and an increasing amount of attention is paid to their supply chain management forRead MoreCase Study : Supply Chain Management1925 Words   |  8 Pagesimportant role in the Supply Chain Management sector of business, and majority of the companies involved in Supply Chain Management have adopted new and improve technologies to gain a competitive edge, and become leaders within their industry. Supply Chain Management has become one of the leading industries in business. Companies recognized that in order to get their products to retailers and consumers on a timely manner they have to implement successful Supply Chain Management strategies. CompaniesRead MoreCase Study : Supply Chain Management3682 Words   |  15 Pages Strategic Supply Chain Management Mini Project Report Study of Supply Chain Management in Jewellery Industry of India Submitted by: Bhawana Saraf (2014PGP104) Prakhar Nagori (2014PGP121) Raghav Bhatnagar (2014PGP124) Vinay Jain (2014PGP142) Yashvardhan Kabra (2014PGP143) Title: A study of contemporary trends in supply chain management in Jewellery industry in India. Introduction: Jewellery Market of India India s gems and jewellery industry had a market size of Rs 251,000 crore (US$ 40Read MoreCase Study : Supply Chain Management3763 Words   |  16 PagesAND SUPPLY CHAIN TERM PAPER: DELL– SUPPLY CHAIN STUDY SRUJANA SACHIDANANDA KHOT RedID: 818471037 DATE: 4/27/2015 EXECUTIVE SUMMARY Dell is well known for its uniqueness and the innovativeness in its supply chain. They were the pioneers for selling the PC at the cheaper rates. They ranked 2nd in the computer distributors. The benchmark of their successful company was because of their unique Supply Chain Management which used the ‘Built – to – order’ and ‘Direct Sale Strategies’. Supply chainRead MoreCase Study : Supply Chain Management1151 Words   |  5 Pages Supply chain management The three major phases of the production network, acquisition, generation and circulation, have been overseen freely, cushioned by extensive inventories. Expanding focused weights, and business globalization are constraining firms to create supply chains that can rapidly react to client needs. To stay focused, these organizations must decrease working expenses while persistently enhancing client administration. With late advances in correspondences and data innovation, andRead MoreCase Study : Supply Chain Management1344 Words   |  6 PagesTo succeed in today’s competitive markets companies must learn to align their supply chains with the demand of the markets they serve. Supply chain performance is now a distinct competitive advantage for companies who excel in this area. Supply Chain Management(SCM) is defined as a set of approached utilized to efficiently integrate suppliers, manufacturers, warehouses and stores, so that merchandise is produced and distributed at the right quantities to the right locations and at the time in orderRead MoreCase Study : Supply Chain Management1040 Words   |  5 PagesSupply Chain Management covers a broad spectrum of jobs and responsibilities. It deals with the production, transportation, and distributions of goods. (National Career Service) The purpose of a supply chain manager is to make sure that these processes are done and documented correctly in an efficient manner. (Rutgers) An interview with a Distribution Manager at Kelloggs provided some insight on how their company does things. They have everything well organized in a way to streamline production processesRead MoreCase Study : Supply Chain Management943 Words   |  4 PagesWhen supply chain managers are brought together it is the common goal to focus on the process of getting the consumers product though the forward supply chain as quick and efficiently as possible. However, there is a need to focus on the scope of the returns process too. â€Å"Companies can no longer afford to treat reverse logistics management as an afterthought. It needs to be a core capability within the supply chain organization. For years, most shippers paid little attention to returns† (Dowlatshahi

Pr@Geeth Priyankara Free Essays

string(135) " though at first only the South West portion of the Gardens was cleared and opened and it was mostly planted with cinnamon and coffee\." 2012 Miss. Laxmi / Miss. Dineshika Batch no 169 2nd two week 12/25/2012 2012 Miss. We will write a custom essay sample on Pr@Geeth Priyankara or any similar topic only for you Order Now Laxmi / Miss. Dineshika Batch no 169 2nd two week 12/25/2012 A Fersharble day with tourists A Fersharble day with tourists The great father of Cambridge English College It is you who inspires us It is you who gives us courage You are the light in our life So this is a small tribute for your Great service Thank you†¦ * To speak in English foreigners to boost up our English language and pronunciation * To build up our friendship with them * To improve group abilities * To learn how to contact and associate with them * To make of their opinion We want to learn a universal language as we step into. A developed world so there is no any other language us close us English. The Cambridge English College is taking a qreat efford to teach English in a period when it’s necessary to learn English as a second language. This book is prepared with regard to an exploring field trip which was organized with the Intention of improving student’s knowledge in the college we would like to thank and pay our respect to all teachers who was led by dearest principal sir as well as we would like to thank organizing committee and our class mates who worked hard to prepare this book. . What is your name ? Judith b. Where are you from ? Spain c. Why have you come to Sri Lanka ? /what is the purpose of your visit ? To visit d. With whom have you come ? Alone e. What kind of a climate do you have in your country? Very cool (cool and hot) f. What are the main languages and what is the standard of English ? Spanish g. What is your career? restaurant h. How long do you stay here and how many places have you visited ? 25 days,12 places i. What do you think about the hospitality of the Sri Lanka people ? perfect j. How do you compare your culture ? Different k. How is the economy in your country? They have public person but we have poor person a. What is your name ? Elisabeth b. Where are you from ? Australia c. Why have you come to Sri Lanka ? /what is the purpose of your visit ? Holiday d. With whom have you come ? Alone e. What kind of a climate do you have in your country? Cool, hot and summer f. What are the main languages and what is the standard of English ? English g. What is your career? housewife h. How long do you stay here and how many places have you visited ? 2 Months i. What do you think about the hospitality of the Sri Lanka people ? very nice j. How do you compare your culture ? Very Different k. How is the economy in your country? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ a. What is your name ? Aude b. Where are you from ? France c. Why have you come to Sri Lanka ? /what is the purpose of your visit ? To visit d. With whom have you come ? Friends e. What kind of a climate do you have in your country? cool f. What are the main languages and what is the standard of English ? France g. What is your career? Sell books h. How long do you stay here and how many places have you visited ? 9 days, Negambo only i. What do you think about the hospitality of the Sri Lanka people ? good j. How do you compare your culture ? Different k. How is the economy in your country? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. a. a. What is your name ? Antonio,Monshow,Mogal b. Where are you from ? Spain c. Why have you come to Sri Lanka ? /what is the purpose of your visit ? Holidays d. With whom have you come ? Friends e. What kind of a climate do you have in your country? cool f. What are the main languages and what is the standard of English ? Spanish g. What is your career? supermarket h. How long do you stay here and how many places have you visited ? 9 days,7places i. What do you think about the hospitality of the Sri Lanka people ? ery well j. How do you compare your culture ? Different k. How is the economy in your country? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ . †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Miss. Gayathri Gunathilaka Miss. Gayathri Gunathilaka †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ignature signature .†¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ The history of the Royal Botanic Gardens dates as far back as 1371 when King Wickramabahu III ascended the throne and kept court at Peradeniya near Mahaweli Ganga. Later, in the reign of King Kirti Sri Rajasinghe from 1747 to 1780 this was made a Royal Garden and from 1780 – 1798 King Rajadhi Rajasinghe resided therein, where a temporary residence was erected for him. A vihare and dagoba were built in the reign of King Wimala Dharma which was improved by King Rajadhi Rajasinghe. The vihare and dagoba were destroyed by the English when they occupied Kandy. The famous historical battle of Gannoruwa between Rajasinghe II and the Portuguese was fought on the Northern side of the river. A priest resided here till the Gardens were formed by Mr. Alexandar Moon in 1821 six years after the final conquest of the Kandyan Kingdom. In 1810 under the advice of Sir Joseph Banks a garden named Kew was opened in Slave Island and Mr. William Kerr was appointed as its Superintendent. In 1813 the garden was moved to Kalutara for the reception of economic plants which could be cultivated there on a larger scale than was possible at Slave Island. Kerr died in 1814 and under the rule of his successor Mr. Alexander Moon this Garden was finally moved to Peradeniya in 1821 as it was found to be favourable and better adapted for the proposed Botanic establishment. The transfer of exotics from the Kalutara Garden was made by successive Superintendents at least up to 1843. During Moon’s superintendence the opening of the Royal Botanic Gardens, Peradeniya, can be said to have commenced though at first only the South West portion of the Gardens was cleared and opened and it was mostly planted with cinnamon and coffee. You read "Pr@Geeth Priyankara" in category "Essay examples" Moon published his â€Å"Catalogue of Ceylon Plants† in 1824 in which was given the Botanical and native names of 1,127 plants, indigenous to the island. After the appointment of Mr. George Gardner in 1844 the institution started upon its more active independent and useful existence that it has since maintained. Only 40 acres of the 147 acres were in cultivation when Gardner took charge and the chief use made of the land was to grow jak, coconuts and vegetables for sale by the Government Agent in Kandy. Gardner effected many important improvements in the condition of the Gardens but his chief work was the exploration of the country for the collection and preparation of its flora. He died at Nuwara Eliya in 1849 and was succeeded by Dr. Thwaites who for over 30 years maintained the Gardens in a high state of efficiency, added largely to our knowledge of the flora of the Colony and gave the establishment its world-wide reputation. Thwaites was succeeded by Dr. Henry Trimen, under whose rule and capable management the beauty and usefulness of the Gardens were very considerably advanced. He established the Museum of Economic Botany, opened branch Gardens at Badulla and Anuradhapura and began the publication of his work, â€Å"The Flora of Ceylon† which however was finished by Sir Joseph D. Hooker after Trimen’s death in 1896. In 1896 Trimen was succeeded by Dr. J. C. Willis and from that date a new extension of scientific work took place. In the early years work was mainly directed towards the introduction and acclimatization of useful and ornamental plants but in later years activities developed towards Economic botany and Agriculture and led to the development of the Department of Agriculture in 1912. Mr. H. F. Macmillan who was appointed Curator in 1895, was made the Superintendent of Botanic Gardens in 1912 and Mr. T. H. Parsons the Curator in 1914. During Macmillan’s superintendence the Gardens were improved and extended and his great work â€Å"A Hand Book of Tropical Planting and Gardening† was published. Macmillan retired in 1925 and Mr. T. H. Parsons continued as Curator till 1945. Mr. D. M. A. Jayaweera who was appointed as the Superintendent in 1945 contributed a lot to our knowledge on medicinal plants and orchids of Sri Lanka. Mr. D. T. Ekanayake who became the Superintendent in 1971 pioneered the floriculture in Sri Lanka. Mr. D. B. Sumithraarachchi, as the Director National Botanic Gardens improved the condition of the botanic gardens tremendously and conducted many useful taxonomic works until leaving the gardens in 1998. Dr. D. S. A. Wijesundara assumed duties as Director in December 1998 and served the gardens in that capacity until August 2006. In August 2006 the Department of National Botanic Gardens was established and Dr. Wijesundara was appointed as the Director General. Today, the responsibilities of Royal Botanic Gardens include the management and development of Garden attached to the Kandy Official residency of His Excellency the President and the maintenance of religious and ancient trees. The location of the finest of its kind in Asia Peradeniya Royal Botanical Gardens, the finest of its kind in Asia, the largest of the botanical gardens of Sri Lanka, couldn’t be better located. In the Mediterranean climate of  Kandy, the gateway to the  Central Highlands, the Gardens, at an elevation of 500 meters above sea-level, were tightly bounded on three sides by a loop of River Mahaweli (Great sandy river), the largest river of Sri Lanka. The town of Peradeniya is located at a distance of 110km from Colombo and another 6km over the Peradeniya Birdge and you are at  Kandy, home to the sacred  Temple of Tooth. Peradeniya, the name Peradeniya is believed to take its exotic name from Sinhalese names Pera (guava) and Deniya (a plain). The name also reveals, although Guava is not indigenous to Sri Lanka, introduction of the fruit to the island and cultivation had occurred even prior to the era of British Colonialists in Ceylon. The official establishment of Peradeniya Botanical Gardens during the colonial era It was British colonialist rulers (1815-1948) of Ceylon, who destroyed the invaluable forest cover of a thousand wooded hills from Kandy to  Badulla  of Central Highlands of Ceylon that was protected by the gentle sway of Buddhism, which indoctrinated the respect for all living beings. The wooded hills were converted to hill after hill of Ceylon Coffee and following the devastating â€Å"coffee rust† (a leaf blight – Hemileia vastratrix) in 1869 to seamless hill plantations of  Ceylon Tea. The very same British Colonialist rulers of Ceylon established the Peradeniya Botanic Gardens that contribute, today, towards the enlightenment of concepts of floriculture conservation, birdlife conservation, butterfly conservation, biodiversity and sustainability of the island of Sri Lanka: 5% of the school children of Sri Lanka visit the Peradeniya gardens every year. The vegetation The vegetation is purely tropical, being characterized by an abundance of climbing plants or lianas, palms, bamboos, pandanus or screw-pines, epiphytes (orchids, ferns etc. , and lofty trees, the latter often having buttresses roots. The leaves are generally large, thick and leathery; the flowers usually brilliant and considerable in size, and the fruits often of immense proportions and borne on the trunks of trees or older branches. H. F. Macmillan, F. L. S, F. R. H. S. 1906 (Curator) 4000 labeled species of flora at Peradeniya Botanical Gardens A signboard at the entrance, with a map, feature a number ed circuit from 1-30. The corresponding numbers are placed at strategic points on the route, black on a yellow background. 0 ha (150 acres) gardens, where you can easily stroll around a whole day, are stuffed with a bewildering variety of local foreign tree plant species. There are around ten thousand plants trees inclusive of 4000 labeled species. One of the most interesting sites here is bizarre-looking snake creeper, whose tangled aerial roots look just like a writhing knot of vipers. Main entrance, River Drive and avenues Main entrance opens up the River Drive which takes you straight down to the great circle and then on to the suspension bridge over the River Mahaweli. River drive branches off to a number of avenues: Double Coconut Avenue, Cook’s Pine Avenue, Royal Palm Avenue, Palmyrah Palm Avenue and Cabbage Palm Avenue The spice garden, Orchid house The spice garden to the right of entrance is replete with exotic spices. Cardamom, Coves, Pepper Vanilla. We follow the path to the right, right into the Orchid House with an outstanding collection. The great circle and memorial trees The great circle is a grassy central area of nearly 4 acres in extent. Around the circle is a diverse array of trees planted by dignitaries, who had visited the Peradeniya Royal Botanical Gardens. A â€Å"Flamboyante† of Madagascar (Poinciana regia), planted by Princess Henry of Prussia in 1899; a â€Å"Bo† (Peepal) tree (Fiscus religiosa), planted in 1875 by King Edward VII; a â€Å"Na† tree, or Ceylon Ironweed (Mesua ferrea), planted in 1891 by Czar of Russia; Brownea grandiceps tree planted by the King of Greece in 1891; Amherstia nobilis, planted by   Prince Henry of Prussia in 1898;‘Asoka† tree (Saraca indica) planted by Emperor of Austria in 1893; â€Å"Cannonball† tree (Couroupita guianensis), planted by the Prince of Wales in 1901. Alongside enerations of European royalty, there are trees planted by Indira Gandhi, then Prime Minister of India; Yuri Gagarin, the first man to circle the orbit of earth, thereby cracking the door to space;   Marshal Tito, the man who rebuilt Yugoslavia devastated in the Second World War; U Thant, the Secretary-General of the United Nations during the decade from 1961 to 1971 Supermac Maurice Har old Macmillan, 1st Earl of Stockton, Prime Minister of the United Kingdom during the period of   1957 to 1963. Between the great circle the great lawn is the Herbarium. Then there is an arboretum. Lawns, pavilions, sandwiches a cup of tea There are extensive well-kept lawns, pavilions, an Octagon Conservatory, fernery, banks of Burmese, Chinese Japanese bamboos numerous flower borders with cannas, hibiscus, chrysanthemums, croton colorful bougainvillaea. You will see unusual exotic species, especially palms (Palmyra, talipot, royal, cabbage)   Ficus elastica  (latex-bearing fig or â€Å"Indian rubber tree† with buttress roots), an amazing avenue of drunken looking pines some magnificent old specimen trees. Then there are Ebony collection, Fiscus collection, Cycad Collection, Flower garden, Medicinal Garden, Cactus house and Plant house. Natural pavilion Grown from a sapling brought from East Indies, huge Javan fig tree covering 1600 sq. meters of the lawn, with its sprawling roots branches create a remarkable natural pavilion. The Cabbage Palm Avenue The Cabbage Palm Avenue from the South America was planted in 1905. Walking along the stately avenue of Royal Palms (1885) we find fruit bats in large colonies hanging in the trees. Oh! Yes, true to their style, upside down. Cannonball avenue Cannonball Avenue is lined with beautiful cannonball trees, wreathed in creepers from which hang the large, round fruits. These Sal trees are loved by the Sinhalese. The flowers have a singular shape: a tiny stupa shaped bud in the centre is shaded by a cobra like hood surrounded by tiny florettes which resemble a crowd of worshipers. It is believed  Prince Siddhartha  (who was to become Gautama Buddha) was born in a park of Sal trees calledLumbini, near the Sakyan kingdom of  Kapilavastu  in then north India, now the southern region of Nepal. Talipot palms Talipot palms (Corypha umbraculifera) are the easiest to identify with its enormous leaves. The talipot palm is one of Sri Lanka’s botanical celebrities, an arboreal oddity which flowers just once in its lifetime, after about forty years, producing the  largest cluster of flowers in the world. In Kandyan times the enormous leaves reaching a height of 10 m were used to make tents by sewing a couple of leaves together. â€Å"One single Leaf being so broad large, that it will cover some fifteen or twenty men, keep them dry when it rains† wrote  Robert Knox. Talpot leaves were utilized to produce fine ultra long lasting solid  parchments  called Ola, in Sri Lanka India as early as in 500 BC. Young talipot leaves were boiled, dried in the sun, exposed to dew smoothed stretched. The treated leaves were then engraved with writing using steel stylus to cut in the characters. Then the engraved leaf was smeared with ink made out of a resin blended with finely powdered charcoal. The great chronicle of Sri Lanka (Mahawamsa) all other ancient books were written on these treated, cut loosely bound talipot palm-leaf parchments. Artificial lake In the centre of the Gardens is an artificial lake with water plants including the giant water lily papyrus reeds. Beside the lake is a white-domed rotunda commemorates George Gardener, the Superintendent of the park during 1844-1849. â€Å"Coco de Mer† or â€Å"Double Coconut Palm† One of the rarest plants in the world, Coco de Mer (Lodoicea sechellarum) is on a path leading to this monument of Gardner. This plant has the  largest heaviest fruit or nut  in the plant kingdom, weighing an average some10 – 20 kg. They take between five to eight years to mature are surprisingly productive. It is not unusual to have 20 nuts on a tree. They are all carefully numbered. Native Coco de Mer are only found in Praslin, an island in theSeychelles. Strolling along the path we reach lily tank which is surrounded by giant bamboo, some 40m tall that grows 2-3 cm a day. Suspension  Bridge Suspension Bridge across the River Mahaweli takes us to the  School of Tropical Agricultureat Gannoruwa hill, where research is carried out into various important spices medicinal herbs as well as into tea, coffee, coca, rubber, coconuts varieties of rice other cash crops. Peradeniya campus Just across the main road from the gardens is Peradeniya campus of  Sri Lanka University(1942), built in the old Kandyan style in an impressive setting of a large park with the River Mahaweli running through it the surrounding hillocks. The History of Peradeniya Royal Botanical Park The history of the park wouldn’t take a backseat to its geography, terrain or vegetation. Conceived originally in 1371 as the Queen’s pleasure garden, it was developed by  King Kirti Sri Rajasinhe  (1747-1778) where royal visitors were entertained. It was converted into Botanical Gardens in 1821, by the British during the deputy governorship of General Sir Edward Barnes, six years after fall of the last King of Sri Lanka. Alexander Moon, the botanist Alexander Moon, a diligent student of the Ceylon flora was appointed the superintendent of the Peradeniya Royal Botanical Gardens. In the year 1824, Mr. Moon published a â€Å"Catalogue of Ceylon Plants† with the description of 1,127 plates referring to same by native names as well as botanical names. Sri Lanka’s first tea trees were planted here at Peradeniya Gardens in 1824, though the full commercial potential wasn’t to be realized for another half a century. All prime imported crops –  Coffee, Tea, Nutmeg, Rubber Cinchona  Ã¢â‚¬â€œ were tested in Peradeniya Royal Botanic Gardens. That was during the enterprising governorship (1824-1831) of  Sir Edward Barnes. Imported crops, Tea Rubber together with the local crop of Coconut became mainstay of the economy of the island in the time to come. After the death of Mr. Alexander Moon, a succession of superintendents followed. George Gardner, the famous traveler botanist In 1844, an aptly named Scotsman was appointed the Superintendent of Peradeniya Royal Botanical Gardens: Mr. George Gardner (born in1809 or 1812), a son of a gardener to 5th Earl of Dunmore. Mr. Gardener’s deeds had already well surpassed the carry of his name: his expeditionary account of â€Å"Catalogue of Brazilian plants†numbered a collection of enormous 6100 plants. Gardener collected the specimens during his four years of explorations in Brazil was responsible for importing Rubber as well as Cinchona to Ceylon. Both of these imports have been blessings to the island; Rubber becoming a prime export bark of Cinchona tree producing anti malaria drug Quinine. Mr. Gardner, with great industry, launched upon the development of Peradeniya Gardens till his tragic death in 1849 with a fit of apoplexy at the Rest House of Nuwara Eliya, the prime sanatorium of the colonialists in the Central Highlands of Ceylon. His untimely death left his work towards a Ceylon Flora incomplete. â€Å"Gardner Monument† was erected at the park to his memory. Dr. Thawaits’s 30 years of unbroken selfless service to the Peradeniya Royal Botanical Gardens Gardner was succeeded by a man who wouldn’t be his second best: Dr. Thwaites. Dr Thwaits’s term of service extended over thirty unbroken years, during which he never left the Island of Ceylon. A devoted student of the science of Botany, Dr. Thwaites is credited with bringing world wide recognition to the Peradeniya Botanic Gardens. He retired in 1880, and died in Kandy in 1882. While their fellow Englishmen were busy game hunting, killing thousands of elephants, killing mammals and birds, those illustrious botanists of Ceylon at the Perdenaiya Royal Botanical Gardens, contributed with their tireless work towards enlightening their follow colonialists with the value in conservation of biodiversity and floriculture of our Sri Lanka Holidays. The End The End Miss. Dineshika Miss. Dineshika Miss. Laxmi Miss. Laxmi Miss. Gayathri Miss. Gayathri * Name :- Shahan From :- Mawathagama, Kurunegala * Name :- Madusha From :- Kolonnawa, Colombo * Name :- Vihanga From :- Nathtandiya, Chilaw * Name :- Chanaka From :- Narammala, Kurunegala * Name :- Sahan From :- Eheliyagoda, Awissawella * Name :- Bandula From :- Mirigama, Minuwagoda * Name :- Chaturika From :- Ruwanwella, Awissawella * Name :- Saroja From :- Haguranketa, Kandy * Name :- Sadaruwan From :- Digana, Kandy * Name :- Vipula Thero From :- Gampola, Kandy * Name :- Chandaratana thero From :-Wellawaya, Monaragala * Name :- Shahan From :- Mawathagama, Kurunegala * Name :- Madusha From :- Kolonnawa, Colombo * Name :- Vihanga From :- Nathtandiya, Chilaw * Name :- Chanaka From :- Narammala, Kurunegala * Name :- Sahan From :- Eheliyagoda, Awissawella * Name :- Bandula From :- Mirigama, Minuwagoda * Name :- Chaturika From :- Ruwanwella, Awissawella * Name :- Saroja From :- Haguranketa, Kandy * Name :- Sadaruwan From :- Digana, Kandy * Name :- Vipula Thero From :- Gampola, Kandy * Name :- Chandaratana thero From :-Wellawaya, Monaragala How to cite Pr@Geeth Priyankara, Essay examples

Distorted Stereotypes free essay sample

Tess of the D’Urbervilles Distorted Stereotypes As children, people grow up with stories about a perfect princess who was put through a tough time, but was rescued by her prince charming, a perfect man. Tess of the D’Urbervilles is a story about a girl, though she is certainly not a princess, who falls in love with a boy that leaves her and breaks her heart. The author of the book, Thomas Hardy chose to create his story around three characters that are not so stereotypical. Hardy uses distorted stereotypes in his two main male characters, Alec and Angel. These distorted stereotypes were used by Hardy to make his novel more realistic. They were also used in order to poke fun at the people of Hardy’s time that thought rural England was great. Hardy distorts stereotypes to change the way people of rural England thought and to make his book more realistic. Hardy distorted stereotypes as a way to make his book more representative of what life is actually like. Hardy’s two main male characters Alec and Angel are far from stereotypical. Alec was a jerk that raped and impregnated Tess while Angel left Tess after hearing of her impurity even though he had just confessed that he was impure. Both men betrayed Tess at tough moments in her life. Hardy used these two male characters to show that not every storybook character has to be like in a fairytale; that characters can be like normal people, with faults such as unreliability and the ability to hurt someone. At one point in the book Tess writes to Angel, â€Å"Oh why have you treated me so monstrously, Angel! I do not deserve it,† in an angry worded letter (415). Angel’s cruelty of character that Hardy added to make him less stereotypical shines through in this quote where Tess is crying that he has treated her wrongly. This cruelty adds realism to Angel and Alec. Stereotypical characters that are normally read about are too good to be true. They lack realism and make the story less believable. By making Alec and Angel have very dark sides Hardy made his story much more plausible. Being more realistic makes it so these two characters are much more relatable to readers. These flaws in their personalities gave the characters more dimension. The characters became more interesting to readers through Hardy not using stereotypes. Hardy used the characters Alec and Angel as a way to make his story more truthful to the way life is. Hardy also uses distorted stereotypes as a way to oppose the way people of his time thought of rural England. Hardy also uses distorted stereotypes as a way to oppose the way people of his time thought of rural England. The people of Hardy’s time thought that rural England was beautiful and that anyone living there would have an equally beautiful life; they would love to live in a place where life is seemingly perfect. Hardy countered this misconception by making two of the main characters, Alec and Angel, symbolize the upper class and men. In that time period, men and the rich did whatever they wanted to women and the poor, no matter how immoral. Hardy stresses in his book that this was incredibly wrong and unfair and should not have happened as often as it did. He wanted those ignorant of this problem to learn more about it and realize how badly it needed to be solved. Alec and Angel represented the monsters of society who lorded over those that they felt entitled to command. In the respect that the two men represented the higher social class they also had a very different view on old names. While Alec took on the name of D’Urberville, Angel thought old names were useless saying, â€Å"I do hate the aristocratic principle of blood before everything, and do think that as reasoners the only pedigrees we ought to respect are those spiritual ones of the wise and virtuous, without regard to corporal paternity† to Tess (228). This belief of Angel’s emphasized how non-stereotypical the men were since they had different beliefs than Tess did about her old fashion name. Alec’s name also gave him an excuse to use Tess since she came to him for help. Another way Hardy countered people’s conception of rural England was by having Tess go through many hardships during her life in rural England and not having any help from Alec and Angel. Alec and Angel hurt Tess in her times of need and cause her to have even more hardships. Their personalities emphasized how hard living in rural England was. The two men’s personalities stressed how rural England was not much different than life in the cities; it was simply in a rural location. There were still hardships and people who were imperfect. Hardy uses Alec and Angel to accentuate how rural England is not as perfect as people thought it was. Hardy altered male protagonist stereotypes to depict how rural England really was and to make his novel more realistic. The distorted stereotypes used by Hardy helped readers connect with the novel and made his story more believable. Hardy used changed stereotypes to show how people in his time thought that rural England was much better than the cities however in reality it was not much better, in fact could have been worse. Hardy distorted stereotypes in his novel to make it more true to life. El lago Titicaca es el lago navegable mas alto del mundo. Si te gustaria visitar el lago Titicaca debe permanecer en Puno, Peru. Puno es conocida como la capital del folklore, es un hermoso lugar para vacaciones. La isla mas grande del lago es la â€Å"isla del sol† en el lado boliviano. Son mas grandes que las islas uros. Pero en mi opinion, las islas mas interesantes del lago son las islas uros. Son islas estan hechas por el hombre.

The Three Sisters Monologue Essay Example For Students

The Three Sisters Monologue Essay A monologue from the play by Anton Chekhov NOTE: This monologue is reprinted from The Moscow Arts Theatre Series of Plays. Ed. Oliver M. Sayler. New York: Brentanos, 1922. ANDREI: Oh, what has become of my past and where is it? I used to be young, happy, clever, I used to be able to think and frame clever ideas, the present and the future seemed to me full of hope. Why do we almost before we have begun to live, become dull, gray, uninteresting, lazy, apathetic, useless, unhappy? This town has already been in existence for two hundred years and it has a hundred thousand inhabitants, not one of whom is in any way different from the others. There has never been, now or at any other time, a single leader of men, a single scholar, an artist, a man of even the slightest eminence who might arouse envy or a passionate desire to be emulated. They only eat, drink, sleep, and then they die . . . more people are born and also eat, drink, sleep, and so as not to become half-witted out of sheer boredom, they try to make life many-sided with their beastly back-biting, vodka, cards, and litigation. The wives deceive their husbands, and the husbands lie, and pretend t hey see nothing and hear nothing, and the evil influence irresistibly oppresses the children and the divine spark in them is extinguished, and they become just as pitiful corpses and just as much like one another as their fathers and mothers We will write a custom essay on The Three Sisters Monologue specifically for you for only $16.38 $13.9/page Order now

Paper Report For The Chapters One And Two Of The Book Peoples History - 1

Paper Report For The Chapters One And Two Of The Book Peoples History - 1 Paper Report For The Chapters One And Two Of The Book People's History Of US: (1492 Peoples History of US: (1492 - Present) - Modern ic Identify the central thesis of chapterone and two of Zinn: Chapter one is an account of the discovery of Christopher Columbus of America specifically the area that was occupied by the Arawak people (who are Indians that lived in South America). The main theme is that of morality because it provides an in-depth analysis of how Christopher Columbus mistreated and mishandled the Arawak in order to find the gold, which he believes is present in that land but which turns out to be almost non-existent (Zinn 10). Despite not finding the gold from the places they dig, he still forces them to continue digging and many even die but he seemed to care less. There is also mention of other morality issues about other conquerors and their conquests. The second chapter is about how slaves were brought into America from Africa and their relentless work in the fields of their owners. Just like the first chapter, the slaves who are black people are di scussed extensively of how they were overworking in the plantations without any mercy from their owners (Pickett and Pickett 17). Morality issue is discussed in detail by the author providing examples of how it was non-existent from the owners towards their slaves forgetting that they were also people just the way Columbus forgot the Arawak he overworked were people as well (Pickett and Pickett 36).Discuss why the author chose the title of the chapter:The first chapter â€Å"Columbus, the Indians, and Human Progress† is mainly about the escapades of Columbus and the Arawak and also other people in history who conquered other lands. The second chapter â€Å"Drawing the Color Line† is basically about slaves: how they were brought and how they were overworked by their owners. Petre-Grenouilleau, Olivier. From Slave Trade to Empire: Europe and the Colonization of Black Africa, 1780s-1880s. New Jersey: Routledge, 2004. Print.Pickett, Margaret and Dwayne, Pickett. The Europ ean Struggle to Settle North America: Colonizing Attempts by England, France and Spain, 1521-1608. California: McFarland, 2011. Print.Zinn, Howard. A Peoples History of the United States: 1492 to Present. New York: HarperCollins, 2010. Print.

Managing Financial Resources and Decisions Essay - 3

Managing Financial Resources and Decisions - Essay Example These sources can be broadly classified into short term and long term sources of finance. Long term sources of finance, as the name indicates, are required over longer periods of time (any duration that is above 1 year) whereas short term source of finance that are required within a period of one year. There are three main long term sources of finance for JS and co, namely, share capital, debentures and long term loans. An equity share represents a share of the company’s assets and a share of earnings after the claims are met. Equity shareholders are the owners of the business and have a right in the company for the percentage of shares owned by them (Samuels et al, 2000). Also, the risk is borne by the shareholders who invest in the company. JS and co can issue new shares in order to raise some surplus finance. Debentures are bonds issued to the investors in exchange for finance lent to the company. JS and co can borrow money in the form of debentures from the public, by agreeing to repay the sum by some future date. Also, Js and co has to pay an interest to the creditors (debenture bond holders) before paying out dividends to the shareholders. Hence, in this case, debentures have a little risk attached to them compared to the shareholders, from the company’s perspective (Samuels et al, 2000). Long term loans from banks and other sources are the easiest ways to raise a large amount of capital. Obtaining higher amounts of long term loans will be easier for JS and co, as the business is well established and is making profits. However, the interest payable might be high (as it is spread over a long period of time). Hence a high interest cover should be available for the company, in order to ensure interest payments in times of a financial crisis. Increasing the long term liabilities will increase the gearing ratio (Burke and Wilks, 2007). This coupled with sustaining a high interest cover

Free Trade Essay Example | Topics and Well Written Essays - 2250 words

Free Trade - Essay Example Suppose that at first no trade was occurring as a result of which the original demand and supply curve, D & S respectively are the country's demand and supply. At the point equilibrium occur at point Y at the interaction of two points. However, if a country indulges in free trade SW curve becomes its supply curve and new equilibrium occurs at Y1. The result why the equilibrium quantity of supply is lower than for the demand curve S is because some countries can produce these products at a lower price than others because of comparative and absolute advantages discussed below and as a result our country will stop the production of this good citing that other countries can produce it cheaply. This is a point of controversy among supporters of free trade and people who are against free trade. The people who oppose free trade argues that domestic production will reduce from Y to Y1 as result of free trade and hence this implies closing down of factories, downsizing and unemployment of loc al factors of production. They say that free trade is an evil that should be stopped from penetrating a local market for the reasons discussed above. However, the supporters say that this leads to more efficient use of global resources as efficiency as more products are being produced where they can be produced cheaply. Although it might be beneficial on the global basis, it should be discourage in the developing economies which are seeking to maximize employment rate and implementing policies for the growth of local industries. Faced with this problem many countries often charge a tariff on imports which increase it's price and hence reduces the impact of imports on local industry and market. This increase reduces the local supply from Y to Y2 which is creates a lesser impact on domestic supply but still it is large enough to affect domestic industry and hence receives criticism from people who suffer from unemployment etc. However, once a a high tariff is charged raising the price of imported goods above what is being incurred in local market, it does not affect the local industry, in theory. This is the right amount of tariff and completely against the free trade, but people who oppose free-trade are appeased by this as local industry is not harmed. Similarly, supporter of free-trade argues that this is against the economic teachings of productive and allocative efficiency as the benefits of low-cost are not being enjoyed by the people resulting in less demand and people who want to consume the products at lower prices are not being catered i-e allocative inefficiency. Before coming at the conclusion whether free-trade should be allowed or not, let's look at absolute and comparative advantages. Absolute advantage occurs when one country can produce one commodity better than other i-e the production cost in one country is lower than other or requires far less resources and hence efficient. Following assumptions are necessary for the use of absolute advantage theory: There are only two

Case Analysis For The Tiger Woods Foundation Term Paper

Case Analysis For The Tiger Woods Foundation - Term Paper Example Tiger World Challenge was changed to Chevron World Challenge. The aim of this program was to pursue a tag of $ 5million. Tiger, hosts his own PGA tour. He co sponsors tournaments. He wins most of these golf events. The five-time tour wins, he donated the money back to his foundations, to ensure that the lives of the American children are comfortable (Skyzinki, 2006). No company currently that builds sustainable employee commitment and success around their brand and heroes. I feel there is an urgent need and commitment in leadership to drive the community to a continuous change in the entire organization. A business community that shares vision and same practices promote dialogue ensuring solid future leaders in the organization. Many exist and studies interview show the real story between the employees and employers. The company employees must have faith in their managers. If they do not have faith, they will leave the company. The middle management is under attack from time memorial. The Business re-engineering unit claimed that the middle class sub- optimize the turf builders. The turf builders prevent the company from operating in full efficiency. Technological evolution is making people believe that companies’ hierarchies are not needed in companies. I feel that the employees ought to communicate directly to any department in the company. The leadership effort that develops the companies’ goals and missions are focusing on the top potentials. They then neglect the middle class in the company. The management cannot motivate others before motivating the top management first. Many of the middle management is not motivated. This makes most of the middle class workers leave the company for othe r companies These events and programs are aimed at impacting and benefiting millions of lives of the American children (Londing, 2012). Tiger World Challenge was changed to

Analyze The International Strategy Of Nestle Marketing Essay

Analyze The International Strategy Of Nestle Marketing Essay Introduction This report will analyze the international strategy of Nestlà © and one of its major competitors, Cadbury plc in the United States. Nestlà © is one of the oldest multinational businesses and focus in nutrition, health and wellness. It was founded by Henri Nestlà ©, a pharmacist, who established food for babies who were unable to breastfeed in Switzerland in 1866. The company merged with the Anglo Swiss Condensed Milk in 1905. Nestlà © expand their business through a series of acquisitions after World War II that included Maggi (1947), Cross Blackwell (1960), Findus (1962), Libbys (1970), Stouffers (1973), Carnation (1985), Rowntree (1988) and Perrier (1992), (Nestle Mangement Report, 2008). By the 1990s, Nestlà © had more than 500 factories in 76 countries and sold its products in 193 nations almost every country in the world. Roughly 28.2 percent of its sales were made in Europe, 33.1 percent in the Americas and 17.1 percent in Asia, Oceania and Africa (Nestlà © Management Re port, 2008). Nestlà © USA is a subsidiary of Nestlà © S.A in Vevey, Switzerland. Nestle has been present in the USA over than 110 years and now headquartered in Glendale, California. By the 2000s, Nestlà © become a larger company through several acquisitions that included Ralston Purina (2001), Chef America (2002), Power Bar (2006) and Gerber (2007). Nestlà © major products and services include milk based products, pet care, confectionery, beverages, cooking aids and prepared dishes, ice cream and pharmaceutical products. In US, Nestlà © markets confectionary and sweets products under Wonka, Perugina and After Eight brands. It also makes biscuits, toppings and mints. This consumer goods company practising a widen product marketing and offer many brands and product in most markets. Nestlà © recorded US$10 billion with America is the biggest geographic market, recorded for 30.2 percent of total revenues in 2008 and offer more than 50 brands (Nestlà © Management Report, 2008). Literature Review The issue of global integration with local responsiveness can be analyzed in a two dimensional matrix. Figure 1 provides an example. There are four type of classification of multinational companies, Global combining high integration with low responsiveness, Transnational combining high integration with high responsiveness, Multi-domestic combining low integration and high responsiveness and International combining low integration and low responsiveness. The International companies was not included in Bartletts classification because it is does not fit in this scheme. However, (Sundaram and Black, 1992) equate it with the Transnational company while (Ghoshal and Nohria, 1993; Welge, 1996) place it as a low integration with low responsiveness in the lower left corner. Figure 1: Global integration vs. national responsiveness (Bartlett and Goshal, 1998) The vertical axis in the figure shows the need for global integration and movement up the axis indicates in a large degree of economic integration. Global integration brings economies of scale and capitalizes on lowering unit costs as a company moves into global market for selling its products. The economies of scale are obtained because of the centralization of activities in the value-added chain. They also happen by reaping benefits of higher coordination and control of geographically dispersed activities. The horizontal axis indicates the need for MNCs to respond to differentiation or local responsiveness. This implies that MNCs must consider government regulations, local tastes and preferences. Maximizing value in such situations requires MNCs appointing strategic responsibilities and key operating rights to national subsidiaries. Each subsidiary has its own autonomous manufacturing facilities and marketing function. The products offered will vary between nations based on the tas tes and preferences of different consumer and competitive strategy. This indicates that in a multi-domestic strategy, a low degree of control is required for the subsidiary company. Organization that engages in multi-domestic strategy will favour low-control entry modes. In Global strategy, the need for awareness of differentiation is low while the need for integration is high. This situation causes to Global strategies based on price competition for perspective of economies of scale. According to Bartlett and Goshal (1989, 1992), the main strategic thrust of Multi-domestic company is to respond to national differences. In Global strategy, competition takes place at a global level while multi-domestic companies are geared towards domestic competition because national product market do not have the same criteria to make competition at a global level. In global companies, direction and pace would be expected to flow mostly from a headquarters to their subsidiaries while Multi-domestic companies would be characterized by a lower overall flow of products, people and information (Perlmutter, 1969). To be locally responsive, local production and local research and development (RD) are not essential for a company with local presence since direction and pace comes from a centre. Global companies are unlikely to locate these parts of the value chain close to the customer, since they will feel less need to access this type of market information. In International and Transnational strategy, it reflects more complex environmental situations. International strategies are characterized by increased international standardization of product and services. It can lead to lower needs for centralized quality control and strategic decision making while eliminating requirements to adapt activities to individual regions. In transnational strategy, there is a higher need for regional differentiation in marketing and a strong requirement in production. Transnational is the most challenging strategy where MNCs seek to operate (Jeannet, 2001). However, the problem for many MNCs is the cultural challenges integrated with localizing a global focus. Business Analysis of Nestlà © Nestlà © is characterized as a multi-domestic company by its pronounced local responsiveness and relatively weak global integration. Including its operating companies, such as Carnation, Rowntree and Buitoni among others, it has traditionally practiced a decentralized approach to management. Local operating managers thought to be much more in tune with local markets are given the freedom to develop marketing strategies that match local needs. Like many other companies pursuing a multi-domestic strategy Nestlà © has begun a move toward a more centralized management structure, which has resulted in a re-organization around major business lines. In order to reap the benefits of global leverage, companies realize that the multi-domestic business model leaves too many initiatives to local levels thus resulting in missed opportunities (Doole, 2004). In terms of entry mode and internalization, Johanson Widersheim-Paul/Vahlne (1975) claim that internationalization is the product of a series of incremental decisions or stages based on different foreign market entry modes. They introduce the Uppsala Internationalization model. In this model the firms engagement in the specific country market develops according to an establishment chain that has four stages. There is no regular export activities are performed in the market, export only takes place via independent representatives, sales subsidiary and manufacturing in the foreign market. The sequence of stages indicates an increasing commitment of resources to the market. In addition, business activities are differed with regard to the market experience gained. Nestlà © use direct exporting for entry mode, which is subsidiary and uses its own organization in the overseas market. Nestlà © focuses on internal growth and try to achieve greater volumes by innovating new products and renovating existing products. This strategy has given Nestlà © the ability to grow many products in the various fields of prepared foods, breakfast cereals, dairy products, baby foods, beverages, ice-cream, bottle water, chocolate confectionary and pet care. In addition, Nestlà © is a low cost operator. This allows them not only to edge ahead with low operating costs but also beat the competitors by producing low cost products. Nestlà © has ability to customize global products based on consumer choices in the local market. This is one of Nestlà ©s key strengths where its subsidiaries develop products that match consumer preference in the local market. Due to the nature of the markets psychological and cultural spread, Nestlà © believes that there are no global consumers in the market. Its ability to customize products to the local markets brings association in the mind of the c ustomer and brand loyalty by using local names. For example, its confectionery range sold in the US is called Rolo but in Russia, it is called Rossyia. In the US, brands like Kit-Kat chocolate and Maggi noodles have been priced at US$0.2 and some other chocolate and candy brand are priced at US$0.05 per unit. These price help Nestlà © reach more customers not only in urban markets but also in rural markets. In the US, Nestlà © has two top products capable of becoming at least regional which are pet food and ice-cream, but both lag well behind the market leaders of Mars in pet food and Unilever in ice-cream. With the exception of a few products such as its famous tomato sauce, eaten everywhere with burgers and hot dogs, Heinz (US) applies effectively a multi-domestic strategy, making a small effort to force a global or even pan-regional strategy. For instance in 2001 it took over Honig (Holland) which makes very local traditional delicacies, such as chocolate sprinkles topping. Nestlà © has strong capabilities in research and development (RD). The group invest more than US$1390 million in RD annually and the Nestle Research Center in Switzerland is its major think-tank. It has more than 100 different professional areas including raw materials, nutritional science, ingredients, the life science and production processes. By doing RD, it allows Nestlà © renovate existing products and innovate new products continuously. It also allows Nestlà © to review its product at regular intervals while generating revenue growth. For instance, Nestlà © possess a product LC1, which is innovated and provides health benefits for the consumers and it was fairly new in the US. The LC1 product, probiotic cultures found that it had an innovation that offers a new avenue of profits for Nestlà © by introducing it into the US market. The LC1 powder was introduced into US market in 2000. This product focuses on customers who are concerned about their eating habits and health and it was made to be mixed into beverages and foods. Unfortunately, the product went largely unnoticed by the US customers and yielded only minimal results although Nestlà © used a smaller campaign targeted at health practitioners, print ads and internet advertising to introduce the product. In terms of confectionery segment, while taste of chocolate differs by country, the process in making products is the same. Nestlà © has a new Worldwide Chocolate Centre of Excellence in Broc, Switzerland and brings more than 130 years of expertise international chocolate making and professionals. Packaging designers who works on RD focus on developing the luxury products and the finest chocolate premiums. Nestlà © achieved overall chocolate growth 7.6 per cent per annum. With sales of CHF9.8 billion they are the fastest growing in number 1 dark chocolate manufacturer. Figure 2 illustrates that confectionery achieve 13.1 percent of sales during FY2008. Figure 2: Product group sales (Nestlà © Management Report, 2008) Nestlà © which was established in the nineteenth century, operates a policy of decentralisation and dispersion of activities. Nestlà ©s corporate management is responsible for giving strategic direction to the organisation. RD is also strongly centralised. Despite this centralized roles, the companys organisational structure and system continue to emphasise the importance of local interpretation and in many matters local managers have considerable discretion (Ellis, 1995). Within this structure personal relationship between the heads of the operating companies and the holding companys executives are central in binding the company together. Nestlà ©s organizational structure strongly fits the companys external context. For most of the companys products the key features of demand have been the diversity of consumer tastes and national regulations. These have been complemented by the absence of sufficient economies of scale to warrant centralised production on a global scale (Tayeb, 2000). Equally, while RD is important constantly to improve and update products, many of Nestlà ©s brands were introduced many years ago. Nescafe although a very different product today, for example was introduced in 1938. With the increasing convergence of tastes and national regulations in at least some areas of the world being standardised, the company recognises the need to co-ordinate some aspects of its operations across different markets. Nestlà © has also taken steps to strengthen its regional management and strategic business units have been created for various product groups with the emphasis on integrating marketing, research and production at the country level for related products (Hill, 2009). Nevertheless, despite these changes the company continues to emphasise the advantage of decentralisation in prompting and maintaining local responsiveness. Competitor Analysis (SWOT Analysis) 4.1 Strengths In the global confectionery sector, Cadbury has 10.5 percent market share (Annual Report, 2008). The worlds biggest confectionery market is in US, and Cadbury has the second largest market share of 34 percent in the gum product category. Cadbury is also a leading player in South America with core strengths in candy and gum with market share of nearly 20 percent (Annual Report, 2008). Strong market position provides the company better bargaining power and economies of scale. Cadbury has diversified its product by offering candy, gums and chocolate while each segment accounts for significant amount of sales. America generates the highest percentage of sales with 30.3 percent of the overall revenues compared to Europe and Asia Pacific regions. Cadbury also has a strong presence in emerging markets. Cadburys emerging markets confectionery grew on average by 12 percent per annum, making it the largest presence in emerging market business among all its peers. The strong presence in the eme rging markets provides result in higher revenue growth and would diversify the companys operation further. 4.2 Weaknesses Cadbury has presented a weak liquidity position in the previous year. The company current assets stood at US$2,635 million as compared to the current liabilities of US$3,388 million in FY2008. It describes the company has severe liquidity problems which could give negative impact on the companys operational efficiency and its growth initiatives. The companys employee efficiency is also low in Cadbury. It was measured by total revenues per employee. The revenue per employee stood at US$214,724 with 46,517 employees and total revenues of US$9,988.3 million in 2008. This figure is low compared to its other competitor like Hershey that has revenue per employee at US$410,000 in 2008. Opportunities The chocolate sales proved the most profitable for the US confectionery market, providing 50.6% of the markets overall value in 2008. It shows that Cadbury has a strong presence in the US confectionery market and it is well positioned to cope the confectionery demand in the region. Premium chocolate is growing fast in many parts of the world. The awareness for dark chocolate among consumers is increasing because of the benefits of dark chocolate to health. The dark chocolate industry grew 18% over the last year. It would favourably impact the sales if there is increasing customer preference for premium products. Threats The raw materials include cocoa products for instance cocoa butter, cocoa liquor and cocoa powder processed from cocoa beans. Cadbury purchases its cocoa products from third party suppliers in West African, Far Eastern and South American equatorial regions. The increasing raw material prices could give significant impact on companys profitability and cost structure. The tight labour market influenced the government to level up the minimum wage in the US. In 2008 the federal minimum wage rate remained at US$6.55 per hour and reached to US$7.25 per hour in 2009. Majority of Cadburys employee in US, so increased labour cost could give impact on overall cost and result in a decrease in its profitability. 5.0 Conclusion Globalization is changing the world economy. It is a challenge, nations need to accept the threats and opportunities, if not they could be left behind as a people or nation. Nestlà © pursuing a multi-domestic strategy when there is a high pressure for local responsiveness and low pressures for cost reductions. Changing offerings on a localized level increases a companys overall cost structure but increases the likelihood that its products and services will be responsive to local needs and therefore be successful. Nestlà © can strengthen its position as a well-being and nutrition company as consumers are becoming more health conscious. Nestlà © would be able to capitalize on health conscious trends by increasing focus on nutrition. In terms of confectionery segment, Nestlà © are able to leverage centralized research and strategies and apply them through renovation and innovation while respecting habit and local tastes. A global strategy is a low-cost strategy. Organization that experience high cost pressures should use a global strategy in an attempt to benefit from scale economies in production, distribution and marketing. By offering a standardized product worldwide, firms can leverage their experience and use aggressive pricing schemes (Hodgetts, 2006). This strategy makes most sense where there are high cost pressures and low demand for localized product offerings. A global company is able to achieve global-scale efficiencies through product standardisation. 6.0 Recommendations Economy situation in Western are actually facing decrease in output and growth, thus influencing the consumption of customers, especially in the retail business. Consumers are becoming more price sensitive and tend to spend less while demanding at the same time for customisation, product specialization and differentiation. Another trend is the shift from branded food and beverages towards cheap non-branded foods and beverage. Despite increasing non-brand cheap products offered by rivals, Nestlà © finds itself in an even more embattled market and needs to develop a new strategy either away from branding or higher level of international market penetration. Since Nestlà © stands for high quality and has distinctive competencies in producing higher quality food, it would not make sense to change the strategic group, because it would most likely get stuck in the middle. The right strategy is to expand into new markets such as Asia, Eastern Europe and South America. In these markets the consumer behaviour, macroeconomic environment and habits are different compared to western economies. Most of these markets are yet in a growth cycle and this clearly generates an opportunity because they are within emerging markets. Nestlà © should see to incorporate LC1, the yogurts product name into one strong performing product in each one of its Strategic Business Unit (SBU). Nestlà © should provide one product in each of these SBUs to introduce to the market. There is a huge line of products with in different areas of food and beverage industry which the LC1 product can bring a profit. So if the LC1 does well in certain areas of the industry but not others, Nestlà © can shifts its focus from the weak product to the strong product. Introducing it to many different products in many different areas of the food and beverage industry giving LC1 a better opportunity of achieving success. Nestlà © which already has a diversified food and beverage company has the benefit being able to explore an option such as this. In designing a strategy that would effectively place Nestle at the head of the probiotic industry in North America market would require several key components. North American consumers also need to be educated as the benefits that the probiotics LC1 brings. A strong marketing and advertising campaign would accompany this. They should be to quick to conduct all moves and enter into each market as quickly as possible to gain maximum market share.

Romeo and Juliet by William Shakespeare :: Romeo and Juliet Essays

Romeo and Juliet by William Shakespeare Acts 3 scene 1 of the play is a turning point. How important are the events of this scene to the tragedy of Romeo and Juliet At the beginning of the play the audience already know the plot, from the prologue. The prologue describes the two lovers to be, quote: 'star-crossed lovers', luck will influence the events. Their love leads to death, quote: 'death marked love' this tells us that Romeo and Juliet are going to die, but in the first two acts, the actions of the play seem to be positive and encouraging because Romeo and Juliet first sight each other at the Capulet's ball, they fall in love, start to meet up secretly after the ball, get married without telling anyone and start planning their future together. In the space of twenty-four hours all these things have happened. In act 3 scene 1 the power of chance causes two deaths. The death of Mercutio, Romeo's best friend and Tybalt, a close relative of the Capulet's. This was caused because the Montague's gatecrashed the Capulet's ball and Tybalt wanted to teach Romeo a lesson for gate crashing the Capulet's ball. Tybalt didn't intend on killing anyone but he ended up killing Mercutio because Mercutio was defending Romeo's honour. When Romeo had realised that Tybalt had killed Mercutio from wounding him, he went after Tybalt and killed him. After this the audience know that Romeo and Juliet will not be able to be happy because Romeo will be banished from Verona which means he can never come back to Verona and the Capulet's will never let Romeo and Juliet be together because he killed Tybalt a close relative. At the beginning of act 3 scene 1 Benvolio wants to leave because the Capulet's are abroad and the prince said, quote: 'If ever you disturb these streets again, your lives shall pay the forfeit of the peace' this is said at the beginning of act 3 scene and is saying that if ever another fight is caused then they all will be banished from

Paychex Market Analysis Essay

Paychex, Inc. (Paychex or â€Å"the company†) is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. The company operates in the US and Germany. It is headquartered in Rochester, New York and employed approximately 12,400 people as of May 31, 2013. The company recorded revenues of $2,326.2 million during the financial year ended May 2013 (FY2013), an increase of 4.3% over FY2012. The operating profit of the company was $904.8 million in FY2013, an increase of 6% over FY2012. The net profit was $569 million in FY2013, an increase of 3.8% over FY2012. BUSINESS DESCRIPTION Paychex, Inc. (Paychex or â€Å"the company†) is a provider of professional services to small to medium-sized businesses. The company offers payroll,  human resource, and benefits outsourcing solutions. As of May 31, 2013, Paychex provided services to over 570,000 clients, including approximately 2,000 clients through its four offices in Germany. The company operates through a single segment. However, it has classified its services into two categories: payroll and human resource (HR) services. Paychex’s payroll service includes the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients’ payroll obligations. The company’s payroll services support the small business market through its core payroll and SurePayroll products. Mid-market companies are primarily serviced through Paychex’s Major Market Services (MMS) payroll product. The company offers Software-as-a-Service (SaaS) solution to meet the payroll and human resource administrative needs of its MMS clients. In addition, Paychex also offers ancillary services to its clients. The company’s ancillary services include Paychex HR Online, an internet-based human resource management system that offers tools for managing employee benefits, personnel information, and critical human resource compliance and reporting needs; BeneTrac, an employee benefits management and administration system that offers its MMS clients a solution for streamlined benefits management; Paychex Time and Labor Online, a solution for time and attendance process; Paychex Expense Manager, an integrated expense management solution that allows clients to control discretionary spending; and applicant tracking service. In addition, Paychex offers online payroll services through Paychex Online, an internet portal, which offers a suite of self-service, interactive services and products. These include Paychex Online Payroll, Internet Time Sheet, Paychex Online Reports, and General Ledger Reporting Service. The company also offers self-service and mobile applications for small business through its SurePayroll SaaS product offering. Paychex’s other payroll services include payroll tax administration services, employee payment services, and regulatory compliance services. The company’s HR services include Paychex HR Solutions, an HR outsourcing solutions provider that addresses the outsourcing of employer and employee administrative needs of businesses. Its Paychex HR Solutions offering is available as an administrative services organization (ASO) and as a professional employer organization (PEO). Both options offer businesses a combined package of services that includes payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and on-site availability of a professionally trained HR representative. Paychex’s retirement services product line offers options to clients, including 401(k) plans, 401(k) SIMPLE plans, SIMPLE IRAs, 401(k) plans with safe harbor provisions, profit sharing plans, and money purchase plans. These services provide plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition to the above HR services, the company operates a licensed insurance agency, Paychex Insurance Agency that provides insurance through several carriers. Its insurance offerings include property and casualty (P&C) coverage such as workers’ compensation; business-owner policies; commercial auto; and health and benefits coverage, including health, dental, vision, and life. Paychex also offers online HR administration software products for employee benefits management and administration and time and attendance solutions. Paychex HR Online offers tools for managing employee benefits, personnel information, and human resource compliance and reporting. The company’s other human resource services and products include the outsourcing of plan administration under  section 125 of the Internal Revenue Code; state unemployment insurance services; and employee handbooks, management manuals, and personnel and required regulatory forms. HISTORY Thomas Golisano founded Paychex, Inc. (Paychex or â€Å"the company†) as Paymaster in 1971 in Rochester, New York, the US. In 1988, the company started its personal services division. In the following year, the company reached the 100,000 clients mark and opened its Taxpay division. This expansion continued into the 1990s. In 1991, Paychex formed the human resource services (HRS) division, with new offerings such as employee handbooks, employee evaluation, employee testing tools, insurance products and services, and section 125 cafeteria plans. Paychex acquired two California based companies, Pay-Fone and Payday in 1995. The company expanded its client base to 210,000 clients and its Taxpay division reached 100,000 clients mark. During 1995, Paychex’s HRS division introduced its 401(k) Recordkeeping service. In 1996, the company acquired California-based Olsen Computer Systems and Florida-based National Business Solutions. Paychex acquired Advantage Payroll Services (Advantage), a provider of payroll and tax-filing services, in 2002. The acquisition of Advantage provided Paychex with more than 49,000 new clients. Paychex acquired InterPay, a wholly owned subsidiary of FleetBoston Financial (a Boston, Massachusetts–based bank), in 2003, for $182.3 million. In the same year, the company was selected by the American Institute of Certified Public Accountants (AICPA) for its payroll services. Subsequently, Paychex acquired Stromberg’s (a provider of time and attendance and workforce  management solutions) ‘Time in a Box’ product line, a Windows-based time and attendance solution for small to medium-sized enterprises (SMEs). In 2005, the company and the American Bar Association (ABA), a voluntary bar association of lawyers and law students, teamed up to offer attorneys nationwide free access to continuing legal education (CLE) through a series of live teleconferences. In the same year, Paychex launched Accountant Advisory Boards in three cities in the US, further accentuating its focus on partnering with accounting professionals who play a vital role in influencing the purchase decisions of small business owners. Paychex added Paychex COBRA Administration to its suite of human resource services for SMEs, in 2006. In the following year, the company introduced Tax Credit Services, a product that provided SMEs across the US with a tool to help them identify and apply for wage-based tax credits they may be eligible to receive. Subsequently, Paychex acquired Hawthorne Benefit Technologies, a privately held company in San Diego, California, and BeneTrac, a provider of online employee benefit administration solutions. In 2007, the company launched Paychex workers’ compensation payment service, which is an expanded service to include Paychex major market services (MMS) clients. In the same year, Paychex and Taleo, a provider of on-demand talent management solutions, formed a strategic  alliance to allow SMEs to compete in the recruiting and retention of top talent. Subsequently, Paychex and BeneTrac integrated Paychex preview payroll software and BeneTrac’s web-based benefits enrollment and  administration technology. Later in the year, Paychex launched the Paychex accountant knowledge center, an online resource center available on the accounting portal of www.paychex.com.

Purinex, Inc Warren Buffett Essay

1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically, what does the $2.55 billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? Answer1: The increase in the stock price of Scottish Power plc and Berkshire Hathaway indicate a market approval for the acquisition and created value for both buyers and sellers. Answer2: a. the possible meaning of the changes in stock price is due to the fact that the deal created value for both buyers and sellers; Berkshire was more diversified after the acquisition. b. The $2.55 billion gain in Berkshire’s market value of equity implied that the intrinsic value of PacifiCorp was good because it fell within the range of competitors based on the following calculations: $2.55 billion / 312/18 million = $8.17 – Berkshire is willing to pay this premium for each share of PacifiCorp 5.1 billion / 312.18 million = $16.30 per share of PacifiCorp $8.17 + 16.30 = $24.47 (see Exhibit 9) Answer3: The possible explanations in the change in stock price for Berkshire would be for a couple of reasons. One of them is that investors invest based on the behavioral finance theory which implies that their investments are driven by psychological factors. These factors would be that believing that Mr. Buffet is the guru of investment, therefore he is right and it must be a very good investment. Moreover looking at the financial statements of march 2005 we see that the book value of PacifiCorp = 3377.1 Billions/312.12 million shares =$10.82 per share. However, the increase of 2.17 billion dollars at the day of the announcements of Berkshire implies that that true value of PacifiCorp should be higher if we divide the 2.17 billions /312.12 million shares we have that the PacifiCorp share should have a $ 6.95 dollar value higher. 2. Based on the multiples for comparable regulated utilities, what is the range of possible values for PacifiCorp? What questions might you have about this range? Answer1: a. we find the range of possible values for PacifiCorp in Exhibit 10. i. Revenue median of $6.252 Billion, mean of $6.584 Billion. ii. EBIT median of $8.775 Billion, mean of $9.289 Billion. iii. EBITDA median of $9.023 Billion, mean of $9.076 Billion. iv. Net Income median of $7.596 Billion, mean of $7.553 Billion. v. EPS median of $4.277 Billion, and a mean of $4.308 Billion. vi. Book value median of $5.904 Billion, mean of $5.678 Billion. b. Question about revenue; the implied value of PacifiCorp is giving impractical results for range of revenue as compared to EBIT, EBITDA, & Net income (Expected: Revenue > EBITDA > EBIT > NI). Answer2: Alliant E. Corp Low price P/E =23.50/1.42=16.55 High price P/E =28.80/1.42=20.28 Cinergy Corp Low price P/E =34.90/1.42 =16.23 High price P/E =42.60/2.15=19.81 NSTAR Low price P/E =22.70/1,79=12.75 High price P/E =27.20/1.78 =15.28 SCANA Corp Low price P/E =32.80/2.34=14.02 High price P/E =39.70/2.34 =16.93 WEC Low price P/E =29.50/2.62=11.26 High price P/E =34.60/2.62 =13.21 Industry average low price P/E=14.20 Industry average high price P/E =17.11 PacifiCorp EPS =0.81 Stock price of PacifiCorp= EPS x (P/E industry) Range of PacifiCorp possible values Low price >0.81Ãâ€"14.20= $11.50 High price >0.81Ãâ€"17.11=$13.86 Possible value for PacifiCorp using EBITDA Total value Company =market value + net debt Market multiple =total value company /EBITDA EBITDA Alliant E. Corp= 7.45x NSTAR 7.53x SCANA Corp 9.25x WEC 8.47x Average =8.18x Total value of company = Market multiple X EBITDA PacifiCorp’s EBITDA=1093.30 Market multiple =8.1 Value of PacifiCorp = 8.18Ãâ€"1093.30 =8,943.19 million dollars 3. Assess the bid for PacifiCorp. How does it compare with the firm’s intrinsic value? As an alternative, the instructor could suggest that students perform a simple discounted cash-flow (DCF) analysis. Answer1: If you use CAPM for the simple DCF analysis: K=rf+B(rm-rt) rf =5.762K=5.762+.75(10.5-5.762) B=.75=9.32%=Discount rate rm=10.5 $5.1/(1+.0932)=$4.76 => it is in range of the rest of the comparable firms. Answer2: 4. How well has Berkshire Hathaway performed? How well has it performed in the aggregate? What about its investment in MidAmerican Energy Holdings? Answer1: Overall, Berkshire Hathaway has performed brilliantly in the last 40 years. Berkshire’s class A shares have been among the highest-priced shares on the New York Stock Exchange, in part because they have never had a stock split and never paid a dividend, retaining corporate earnings on its balance sheet in a manner that is impermissible for private investors and mutual funds. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 40 years. Answer2: It has performed very well. Berkshire Hathaway has consistently outperformed the market since its inception in 1965. In 1977, the firm’s year end closing share price was $107; on May 24, 2005 the closing price on its Class A shares reached $85,500. Berkshire has had an annual increase of wealth of 24% since 1965, which is more than double the 10.5% of the average increase for other large stocks. It started out with a decline due to inflation, technological change, and intensifying competition from foreign competitors, but has recuperated well after closing the textile side of their business. Berkshire Hathaway had recently been performing below S&P 500 Index according to Exhibit 1, from April 2005 to May 2005. Scottish Power had consistently outperformed the S&P 500 Index from March to May 2005. This probably was one aspect that attracted Berkshire to purchase PacifiCorp. We believe that it was a good investment. In 2002 they owned 9.9% of the voting interest and 83.7% of the economic interest in the equity of MidAmerican. This allows them to have a major stake in the company without violating utility laws, which has proven to be successful for them. According to Exhibit 6, MidAmerican Holdings had a net earnings of 170 million in 2004, but compared to 2003 net earnings of 416 million, MidAmerican had a net loss from 2003-2004. Acquiring PacifiCorp would supply much needed new, more profitable investments to raise their net income in 2005. Answer3: Performance of Berkshire since 1977 to 2005 PV=102 FV=85500 N=28 I=34% ` S & P performance since 1977 to 2005 PV =96 FV=1192 N=28 I=9.42 Berkshire has outperformed S & P by 24.58% 5. What is your assessment of Berkshire’s investments in Buffett’s Big Four: American Express, Coca-Cola, Gillette, and Wells Fargo? Answer1: They invested in well established and successful firms. They put a lot of money up front for these investments, but since have made substantial gains for their investment. The total cost to Berkshires investment in the Big 4 was $3.832 Billion, but the market value of their investment was $24.681 Billion. This means that Berkshire’s current gain on their investment in the big 4 is $20.849 Billion. Their gain is 5.44 times their investment I would have to say that these were very well thought out and successful investments. Answer2: Buffet’s approach of investments is based on the fundamental analysis of the company itself. It is based on simplicity and consistency of its operation history, attractiveness of long term prospects, quality of management and firm’s capacity to create value. The big four, Coca-Cola, American Express, Gillette and Wells Fargo have all these characteristics. For instance Coca- Cola has been in business since 1919(Reuters). It is a multinational with the biggest market share worldwide. Coca-Cola’s finished beverage products bearing its trademarks are sold in more than 200 countries (reuters.com). Buffet looks at what the consumers are looking for and what the general economic trend is at that time and what it will be over time. He researches a company as a whole and looks at what people want and what people are transitioning into in the future. For instance most of his investments in the big four were done in 1992. During these 13 years we can see how well the big four have performed compare with the S& P 500 S & P 500 At January 1992 adjusted to dividends and splits =408.78 At December 2005 adjusted to dividends and splits =1248.29 n=13 Return =8.96% American Express. Price at January 1992 adjusted to dividends and splits =4.02 Price at December 2005 adjusted to dividends and splits =49.68 N= 13 Return =21.34% Wells Fargo Price at January 1992 adjusted to dividends and splits =2.69 Price at December 2005 adjusted to dividends and splits =28.25 N=13 Return =19.82% Coca-Cola Price at January 1992 adjusted to dividends and split =14.5 Price at December 2005 adjusted to dividends and splits 37.50 N=13 Return =7.50% 6. From Warren Buffett’s perspective, what is the intrinsic value? Why is it accorded such importance? How is it estimated? What are the alternatives to intrinsic value? Why does Buffett reject them? Answer1: a. the discounted value of the cash that can be taken out of a business during its remaining life. Intrinsic value is per-share progress. Buffett assessed intrinsic value as the present value of future expected performance. b. Because if focuses on ability to earn returns in excess of the cost of capital, not accounting profit. Only logical way is to evaluate the relative attractiveness. c. The gain in intrinsic value could be modeled as the value added by a business above and beyond the charge for the use of capital in that business. d. Accounting profit, performance of Berkshire by its size, consolidated reported earnings e. Accounting reality was conservative, backward looking, and governed by GAAP (measures in terms of net profit). Investment decisions should be based on economic reality. This includes intangible assets such as patents, trademarks, special managerial expertise, reputation, etc. Answer2: The definition of intrinsic value according to Mr. Buffet is the present value of all future expected cash flows or performance. The measurements of intrinsic value are focused on the ability of the company to earn a return in excess of the cost of capital including the opportunity cost. Intrinsic value is not based only on the net profit. Alternatives to intrinsic value: 1) Accounting profit. Mr. Buffet believes that the true value of a company is based on its intrinsic value not on its accounting profit. Financial statements prepared by accountants are conformed around rules that do not adequately represent the economic reality of business. 2) Technical analysis. Mr. Buffet rejects the technical analysis that attempts to predict the stock prices based on momentum of trends. He believes in long term investment. 3) Efficient market hypothesis. Mr. Buffet rejects the efficient market hypothesis theory (EHM). He believes that there are opportunities out there. Investing should be based on information analysis of the company. 7. Critically assess Buffett’s investment philosophy. Be prepared to identify points where you agree and disagree with him. Answer1: Warren Buffett has a very simple method of investment strategy compared to other investors. Buffett’s philosophy is defined in 8 elements. We will discuss whether we agree or disagree with each one individually. We agree with Buffett’s first element of analyzing economic reality of investments. Most investors focus on financial statements and net profit, but don’t take into consideration intangible assets such as management experience and patents. We also agree with Buffett’s second element of lost opportunity cost comparison. By analyzing expected returns of an investment compared to the rate of return of using that same investment money in another investment, Buffett takes a simple idea that everyone uses in almost every decision, and applies it to a much more complex investment strategy. Everyone weigh’s the alternative when making a decision, whether that decision is a choice of a coffee or a coke or something more complex like a college education versus not getting an education. Buffett uses the third element of intrinsic value instead of book value or historical data to determine his investment choices. We agree with this element, but do believe a combination of the two methods would work better to show historically how the company has performed, and how much that company will be worth in the future. The rate of return reflects more of the economic value of an investment. In the fourth element, Buffett measures performance by per share basis. We do agree with his reasoning for using this method, but we think overall performance should be measured as well to show a better figure of what the whole is worth compared to the parts. The fifth element is one that we don’t agree with. Buffett uses a 30 year U.S. Treasury Bond Rate of Return instead of the traditional CAPM rate, because he believes that his investments are so solid, they don’t need risk factored in. We disagree with his choice for rate of return because all investments have a degree of risk, and return should be factored according to that level of risk. Buffett not believing in risk is like someone not believing we breathe air. Even though we can’t see it, it is still there. The sixth element is also a point of disagreement for me. Buffett says he doesn’t believe in diversification of investments, even stating that diversification is considered protection against ignorance. What Buffett does not realize is that by saying he does not believe in diversification, he is being a hypocrite. Berkshire Hathaway itself is a massively diverse company with several subsidiaries and holdings in many different industries from apparel to energy. Buffett may own most of his stock in his own company, but he knows by diversifying Berkshire, he will avoid adding more risk, which is exactly the strategy that is used by other investors when diversifying their stocks. We agree with the seventh element that investment decisions should be made by doing proper research on information about the company, and not by following an anonymous tip or a gut feeling. Finally, we agree with the eighth element that a firm’s management and shareholders should have the same goals for the firm. Management should have most of their wealth in company stock so as to serve the shareholders better in day-to-day decision making that affects the value of their investments. Answer2: Mr. Buffet does not believe in diversification. We believe that diversification helps in times like the one that the market is having right know. For instance stock value of American Express in the last year has ranged from $53 a year ago to $15 dollars this week resulting in a loss of 70 % and also the market value of Wells Fargo is down by 65% (yahoo finance). If you compare those two companies with the S & P during the last year it is only down by 40%. This also means that market risk is still there. We believe that Mr. Buffet has not had a situation in the economy such as the one that the country is having now. Even he, the guru of investments is losing money, so we know that the risk is there. We agree on his philosophy on investing behavior. It should not be driven by emotion or hunch but should be a well thought out plan that came about by information, analysis and self-discipline. If you go by hunch or emotion then anyone can work you up and sell you the worst deal of your life, but make you think it is the best one you will ever get. We agree with his belief on the alignment of owners and investors. It is always a good thing when the owner has more than 50% of his net worth invested in the company because the goal would definitely be increasing shareholder wealth. 8. Should Berkshire Hathaway’s shareholders endorse the acquisition of PacifiCorp? Answer1: Yes, PacifiCorp will add around $250 million in net income for MidAmerican Holdings if PacifiCorp keeps at its same net income pattern of the last two years. This added net income will increase shareholder wealth in Berkshire Hathaway and provide a stable long term investment for the future. Also, since PacifiCorp’s intrinsic value is comparable to the industry, Berkshire is not adding much more risk to their portfolio. Berkshire should look at adding more of these type safer investments to their portfolio. Answer2: The Berkshire Hathaway shareholders should endorse the acquisition of PacifiCorp. It took a while for Mr. Buffet to finally invest their cash equivalents because he was looking for an â€Å"elephant† which is a company that makes significant gains. Factors that make it a good acquisition include the fact that PacifiCorp is a low-cost energy producer but has the biggest market share among the energy companies which is 1.6 million customers divided among 6 states plus the intrinsic value of the company is much higher than the market value of PacifiCorp.