Nature of Human Resource Management Hiring and Recruiting

EXECUTIVE SUMMARY INTRODUCTION In the present time, Organization’s most important assets are its people i.e. Employees. These employees are the foundation on which the organization stands strong; without the human power to perform certain tasks, to produce, to operate, to analyze, etc no organization can live. Although the modern technologies have made a lot things much easier but nothing can replace the significance of the Human Resources. Therefore, Hiring is a very challenging, time consuming and costly function of the company. But what’s even harder – especially in today’s chaotic economic situation is, â€Å"Making the right Hire†. Recruiting and Selection is all about â€Å"hiring the right person for the right job at the right time.†Ã¢â‚¬ ¦show more content†¦The Vision, Mission, and Core Values have been identified. Wide-angle buy-in process by CAA senior management with staff and lower levels for bridging communication gaps between different hierarchical levels of the organization has been taken. As a result of the Restructuring process, the fundamental organization structure has been balanced to focus on three core areas namely Regulatory, Air Navigations Services, and Airport Services. These Core / Line functions are fully supported by the various corporate functions of the organization. The restructuring process has helped Pakistan Civil Aviation Authority to fully focus on:- * Strengthening its safety and security oversight role as per International Civil Aviation Organization requirements and standards. * To facilitate growth of the infrastructure development (Airports and Airport Cities) on a fast-track basis. Private sector participation in the process is also being encouraged. * Enhanced Regulatory and air space management capabilities. Moreover, emphasis is being laid on commercialization of its assets and land with improved customer / passenger service standards, benchmarked with top performing international airports * Development of a New Aviation Policy for the country in consultation with the Ministry of Defence, Planning Commission, World Bank, Airlines, and Aviation Experts (Expected to be considered by the Cabinet forShow MoreRelatedHuman Resources Management1005 Words   |  4 PagesHuman resources management is the process of hiring and developing em ployees so that they become more valuable to the organization. Human Resource Management includes conducting job analyses, planning personnel needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes, and communicating with all employees at all levels. Examples of core qualities of human resources management areRead MoreThe Hr Executive Manager Of Business Jet Seating Solutions1308 Words   |  6 Pages I had got the chance to look into the human resource perspective with the aid of an exciting interview with the HR executive manager of â€Å"Business-Jet Seating Solutions†. She was very cooperative, we had an interesting discussion about the responsibilities of human resources in the organization and in particular the strategic concerns related to the human resources which are currently affecting the company. Most of the debate was about the lack of con tribution of the HR in the expansion and executionRead MoreHuman Resource Management At A Large Business934 Words   |  4 Pagestoday is that I am the Human Resource Manager of a large business called â€Å"Achieving better people management†. The main content in Human resource management that I will be covering is the recruitment stage. What is HRM? Well what is Human Resource Management; it is the management of the employee relationship that covers establishing, maintaining and terminating employment. Why is it Important? Human Resource Management is very important in an organisation/business, human resource managers will hireRead MoreRecruitment plan of bchydro1621 Words   |  7 Pagesand industrial sector (BC Hydro, 2014). In view of progress of the organization, effective measures should be a processed to recruitment in a company because the human resources are a significant asset for drive a company. Recruitment is a process of selecting a potential person who becomes a part of a company. Likewise, Human resources confront challenge as how to select a person to the right job and not only find a person but also facing an uneasy situation such as facing with change in cultureRead MoreWhy The Human Resource Function Should Be Aligned With An Organization s Strategic Plan852 Words   |  4 PagesExplain why the human resource function should be aligned with an organization’s strategic plan (use ideas from the Module One discussion on this topic). Human Resource (HR) strategic plan’s outline short term goals that have been aligned with their organization’s strategic plans. With the HR’s goals being aligned it also helps the representative know how much man power is needed from the budgeting process done through HR. The HR function of an organization is responsible for ensuring top talentRead MoreRecruitment and Human Resources Management1639 Words   |  7 Pagesand ends when their applications are submitted. The result is a pool of applications from which new employees are selected. Flippo Edwin B.(1984) Recruitment Procedure In today’s scenario, the recruitment procedure varies depending upon the nature of the requirement. These procedures require the placement of the right talent at the right place, thereby making the association mutually beneficial for the employer and the employee. There are usually two types of recruitment processes. RecruitmentRead MoreInternational Human Resource Management Essay1485 Words   |  6 Pagesdefinition provided by the academia education web portal, human resource management has replaced personnel management over the time period and it consist of various strategies, policies and processes. International Human Resource Management (IHRM) is a â€Å"Process of employing, developing and rewarding people in international or global organizations†. Types of organizations While concentrating on the IHRM in the vast developing economic nature, it is highly important to know the difference about theRead MoreExplain Why Human Resources Planning Is Important to an Organisation1050 Words   |  5 PagesM1 - Explain why human resources planning is important to an organisation. Human Resource management can be defined as a management of organisation workforce. It is responsible for recruitment and selection, induction and training, promotion and transfers, human resources and manpower planning, rewards and conditions of employment and appraisals and termination of employment. HRM is also a strategic and comprehensive approach to managing people and the workplace culture and environment. EffectiveRead MoreThe Westpark Store Case Analysis1303 Words   |  6 PagesThe Westpark Store Case 1. How does McCain view her role as human resource manager? McCain current role is to develop an organizational structure of human resource functions within Westbrook. McCain views her role as human resource manager more as a supervisor of the human resource department, hiring and disciplinary specialist. She self-identified her strengths as the selection, hiring and training functions, but she admittedly falls short with employee evaluation, development retention and turnoverRead MoreApplication Of Mobile Technology For Talent Management1038 Words   |  5 PagesAPPLICATION OF MOBILE TECHNOLOGY FOR TALENT MANAGEMENT Dr. A. Shameem Professor, AMET Business School, AMET University R. Divyaranjani Assistant Professor, AMET Business School, AMET University Today recruitment of talent is seen as one function of HR which has undergone drastic changes on account of technology advances. The fast growth of mobile-based recruiting has compelled organisations to have a thorough reorientation of their approach in attracting and retaining talent. The emergence

Torn thread Free Essays

The setting in the story Torn Thread written by Anne Isaacs was taken place in Bedizen, Poland, and Parachutist, Czechoslovakia, where the characters were forced to move to a Jewish ghetto. Main Characters: The main character in this story was Eva who is twelve years old who was forced to spin thread for the Germans and had to look after her sick sister, Rachel. The minor characters in Torn Thread are Rachel who was always sick with colds, coughs, high fevers, and shortness of breath. We will write a custom essay sample on Torn thread or any similar topic only for you Order Now Rachel was very ill and was taken to the hospital frequently. Another minor character was Eve’s and Earache’s father who was taken away from them when they were taken to the Jewish ghetto, Things I Learned: In the story Torn Thread I learned that the Mans took young and Innocent Jews and forced them to do heavy labor and live In Jewish ghettos. I learned that the Nazis killed people that were too old or unhealthy to work anymore. I also read how the guards of the camps would swear and hit the prisoners with clubs and rifles if they ere angry. So practically saying they would beat someone just to get their anger out. Another thing learned in this story was the Nazis blamed everything on the Jews since they hated them so much. Significance of the Title: I think the author chose Torn Thread as the title for this story because Eva was forced to spin thread to make blankets and uniforms for the Germans. But her life is getting harder and torn apart hence the title Torn Thread. Plot: The story Is set In a Nazi labor camp during World War II. After her older sister Rachel is taken by the Nazis and transported to a labor camp, Eve’s father arranges for her to also be transported to the same camp so that she can look after her sister and so that, no matter what happens to the rest of the family, they will be together. Because he works as an accountant for the Germans, he has learned that Jews are being sent to concentration camps to be exterminated, and he hopes that he will be able to save his daughters by insuring their place in a slave labor camp. Eva finds Rachel at the Parachutist camp, and together they survive the work they were forced o do adding on to taking care of each other. Changes in the Main Characters: Throughout the story Eva and Earache’s relationship grew stronger with each other. When Eva had to take care of Rachel, Rachel realized how much her sister cared for her. Rachel and Eva than started helping each other through the difficult times and became closer In their relationship. Eva became more brave and Intelligent as the story progressed. Rachel became more caring and brave like Eva did. Personal Torn thread was a powerful work of fiction. It explains the horrors of the Holocaust and how brutal it was at the concentration camps. I enjoyed reading this book because I like learning about history and how it was to live back then, especially for the Jews. If I were to ask a question to one of the characters I would ask Eva how she felt when having to leave her father and if it was hard taking care of her sister by herself.. Torn thread was an exciting novel written about the Holocaust, I would recommend it to anyone looking for a fictional story about the Holocaust. How to cite Torn thread, Papers

Benefits of Integrated Reporting Free-Samples- Myassignmenthelp

Question: Discuss about the Integrated Reporting. Answer: Introduction In the present era, integrated reporting is enhancing the way of strategic thinking, planning and reporting in business entities for clear and concise corporate communication. With this approach, IR is assisting managerial authorities in thinking holistically about making strategic plans, informed decisions and improvement in future business performance (Serafeim, 2015). The present report is focused on the description of the main purpose and key benefits of integrated reporting. It will include evaluation of fact that whether principles and content element introduced by IIRC satisfies the purpose of integrated reporting or not. In the last part of the study, the annual report of Boral limited will be analysed that how effectively they had complied with the principles and a content element provided by IIRC. Main purpose and key benefits of making use of integrated reporting The purpose of integrated reporting: The primary purpose of integrating reporting is to provide qualitative as quantitative information to assist stakeholders those who are interested in the company for value creation. This report aims to provide a justified explanation of providers of financial capital regarding value created by business over time. In the corporate reporting, the historical financial statements are essential as these are for only compliance purpose. However, these reports will not provide meaningful qualitative information refers to the business values (de Villiers, Rinaldi Unerman, 2014). This approach is compensated by integrated reporting through which the users of the information can have to look forward to forecast and projection of the performance company. Integrating reporting will recognise the benefits of showing the value of holistic and fuller picture of the organisation. Benefits of integrated reporting Integrating reporting provides assurance that corporate entity briefly reports regarding the material information which clearly shows that how well company is performing in nonfinancial dimensions which affect the quality of the formulated strategy along with its implementation. It provides a better understanding of the connectivity among financial and nonfinancial performance. It is essential because business entities are required to communicate their nonfinancial performance in strategic context. It results in increasing transparency and greater access to an internal and external source of information to improve both short and long-term Further, it develops improved internal measurement and control systems for generation of reliable nonfinancial information in a timely manner. The information is more streamlined and automated towards the review process and inclusion of facts in the report (Frias?Aceituno, Rodriguez?Ariza Garcia?Sanchez, 2013). Integrating report assist in making a comparison of business performance for the purpose of standardised Stakeholders will have an understanding of business affairs through which they can develop a better relationship with the company. Role of guiding principles introduced by IIRC in accomplishing the main purpose of integrated reporting Long term vision of IIRC is to develop a corporate world in which integrated thinking is entrenched within the mainstream business practice in the public as well as private sectors. This vision is expedited by the approach of Integrated Reporting in the form of corporate reporting norm (Cheng et.al., 2014). Guiding principles and content element introduced by IIRC for integrating reporting are: Guiding principles Content element Strategic focus and future orientation Organisational overview and external environment Connectivity of information Governance Stakeholder relationships Business model Materiality Risks and opportunities Conciseness Strategy and resource allocation Reliability and completeness Performance Outlook Basis of preparation and presentation Guiding principle of reliability and completeness In accordance with the guiding principle of reliability and completeness an integrated report by a corporate entity must comprise all material matters, (positive as well as negative), in a balanced manner and there should be the absence of material misstatement. With this guidance principle, the sequence of integrated thinking and reporting will result in efficient and productive capital allocation, which will provide business financial sustainability and stability. In accordance with the IIRC, the reliability of provided information in the report is directly affected by the factors like balance and extenet of material error (Serafeim, 2015). This aspect ensures that provided information is viable for the use of stakeholders in the process of decision making. Reliability can be improved by usage of mechanisms like effective internal control and reporting systems, internal audit or similar functions, stakeholder engagement and external assurance attained from an independent expert. Re liability and completeness of information in integrating reporting is the obligation of individuals those charged with governance as they are responsible for determination of organisations strategy, performance, governance, and prospects that lead to value creation over time. They are also responsible for the preparation as well as the presentation of an integrated report, by identification and oversight of the workforces which are involved actively in the process (Adams, 2015). This principle states that maintaining an audit trail at the time of preparation an integrated report will help senior management and those charged with governance in review the report and exercise judgement in deciding whether the information is sufficiently reliable to be included. Completeness in integrating reporting comprises consideration of the extent of information revealed and its level of specification. It will involve aspects such as probable concerns relate to cost/benefit, competitive advantage and future-oriented information. Content element of performance In accordance with the content element, an integrated report must provide comprehension regarding connectivity of matters to its ability to create value. Further, the report must contain qualitative and quantitative information regarding the business performance that may include indicators with respect to corporate objectives, risks and opportunities by explaining their importance, implications, and the methods and assumptions used in accumulating them (The International IR Framework, 2013). The report must be inclusive of positive and negative on the capitals from organisational activities, inclusive of material effects on up and down in the value chain capitals. There must be associations amongst historical and present performance, and among current performance and the forecasted organisations position. This principle and content element effectively satisfy the purpose of integrated reporting as it ensures that report contain complete and accurate facts irrespective of aspect that is in favour or in against of business (Owen, 2013). It ensures that reports contain qualitative facts such as future-oriented information and related probable concerns to clarify operational aspects to stakeholders in an appropriate manner. Use of guiding principles introduced by IIRC by Boral Limited By considering the annual report of Boral Limited, it can be said that company had complied with guidance principles and content element introduced by IIRC in the preparation of their annual report. The company had incorporated positive as well as negative financial facts by providing its completed details. For example description of actual loss $12.0 million in significant items and probable losses in the section of the performance (Boral Annual report 2016, 2016). The company had provided equal importance to qualitative factors by adding a section like sustainability overview, corporate governance and shareholders information. Provided information on the company is consistent and comparable as they have complied with applicable accounting framework (The International IR Framework, 2013). Further, the auditor had provided a declaration of independence to ensure professional conduct and provide an opinion that financial report gives a true and fair view and has complied with provisio ns of Corporation regulations and Australian accounting standards. Conclusion Present study shows that integrated reporting is a key driver for global evolution in corporate reporting. The report shows that Boral Limited had appropriately incorporated guiding principles introduced by IIRC. By considering these principles introduced, Boral Limited is able to make effective strategic plans and informed decisions in order to make improvement in future business performance References Books and Journals de Villiers, C., Rinaldi, L., Unerman, J. (2014). Integrated Reporting: Insights, gaps and an agenda for future research. Accounting, Auditing Accountability Journal, 27(7), 1042-1067. Adams, C. A. (2015). The international integrated reporting council: a call to action. Critical Perspectives on Accounting, 27, 23-28. Frias?Aceituno, J. V., Rodriguez?Ariza, L., Garcia?Sanchez, I. M. (2013). The role of the board in the dissemination of integrated corporate social reporting. Corporate Social Responsibility and Environmental Management, 20(4), 219-233. Cheng, M., et.al. (2014). The international integrated reporting framework: key issues and future research opportunities. Journal of International Financial Management Accounting, 25(1), 90-119. Serafeim, G. (2015). Integrated reporting and investor clientele. Journal of Applied Corporate Finance, 27(2), 34-51. Owen, G. (2013). Integrated reporting: A review of developments and their implications for the accounting curriculum. Accounting Education, 22(4), 340-356. Online Boral Annual report 2016. (2016). [PDF]. Available through https://www.boral.com.au/Images/common/pdfs/annual-reports/Boral-Annual-Report-2016.pdf . [Accessed on 6th May 2016]. The International IR Framework. (2013). [PDF]. Available through https://integratedreporting.org/wp-content/uploads/2013/12/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-2-1.pdf. [Accessed on 6th May 2016].

Life Domains free essay sample

Humans alone have the only solution to their problem and the more they evolve the better they’ll be at fixing them, so live as if your inner desires do have some meaning and try to make an impact on the world. Atheistic Existentialism / HUMAN VALUE Truly there is no ultimate value of a human life, but Humans can have value because they create their own reality by making their own choices – good or bad. Atheistic Existentialism / HUMAN PURPOSE Our only purpose – according to an AE is that of making yourself into who or what you wish to be, otherwise there is no purpose.Atheistic Existentialism / ETHICS Ethics – Schmethics†¦As long as you make a conscience choice to do something – good or bad – you are determining what your ethics are. not living by the laws of man, or any other guide. Atheistic Existentialism / SUFFERING Nothing good comes of it – there is no purpose for it – so don’t do it. We will write a custom essay sample on Life Domains or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Atheistic Existentialism / MEANING OF LIFE There is no real meaning – each individual is able to determine what life means to them by their choices to be or not to be, do or not do, etc.Atheistic Existentialism / HUMAN DESIRE Kill it! Don’t be led by your inner needs, wants, voices, it is absurd to follow these â€Å"accidental causes† of evolution because you don’t need anything more than the basics to survive. Personal Reflection Directions: Briefly summarize your personal reflection on the information that you have entered into Tables 1 and 2 in this assignment. It is interesting to see the â€Å"evolution† of these 3 worldviews.From the Naturalist who views everything as natural in it’s existence – you exist based on your senses and experiences alone to the Secular Humanist with their realization that humans are wonderful – great creatures with personalities and determinations, but it doesn’t matter†¦to the Atheistic Existentialist (AE) – who finally realizes that the innermost feelings and desires we have as humans do exist, but would be better off â€Å"killed† or cut out than to be nurtured and followed. To me It is just man’s way of not wanting to give credit where credit is do! So many people feel they have to â€Å"give up† so much to follow God.The only way Satan can â€Å"win† is to have more souls in hi s army than God. He finds our weaknesses and zeroes in on them to keep us from realizing the truth. Man’s ego and sense of self is historically his ruination. It’s easy to see how in these days, these 3 views – all making humans the only thing that matter and by crossing out God, satan is able to lead many astray. (NIV) Matthew 7:13-14 13 â€Å"Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. 14 But small is the gate and narrow the road that leads to life, and only a few find it. †

Us Immigration 1880-1925 Essays

Us Immigration 1880-1925 Essays Us Immigration 1880-1925 Paper Us Immigration 1880-1925 Paper From the years 1880 to 1925, there was a rapid growth of immigrants coming into the United States. Many foreigners came to the United States in hope of striking it rich. The Immigrants saw the United States as a way to make a better life for themselves, and this started to cause problems. This is when the United States government took actions to control immigration. In the early 1880’s, immigration was gladly welcomed, but as time progressed, government saw it as a growing problem. After America’s Reconstruction era, immigrants from southern and eastern Europe began pouring into the United States in order to start a new life for themselves. The United States government welcomed these immigrants with open arms. Compared to their home country, the United States offered more freedoms to the immigrants. (Doc. A) When the immigrants would make a good sum of money, they would move back to their native country and take some American values with them. (Doc. B) These immigrants were known as â€Å"birds of passage†. Many American didn’t like this going on. Nativism grew throughout the 1890’s. American workers jobs were in jeopardy due to the amount of cheaper labor that businesses could get by hiring immigrants. (Doc A) These people were known to have xenophobia; a fright of people from other countries. In 1892, the National People’s Party claims that current immigration laws failed to protect American workers. (Doc. C) This was the beginning of attempts to get immigration limited. Over time, the federal American government began taking more action in immigration policies. In 1882, the federal government established the Chinese Exclusion Act. The American and Japanese governments worked together to discourage the emigration of the Japanese laboring class. (Doc. D) The federal government also closed off the flow of immigrants from Europe with the Emergency Quota Act of 1921. (Doc. H) What this did was limit the annual number of immigrants who could be admitted from any country to 3%. This was later limited by the Immigration Act of 1924 which limited the number of immigrants who could be admitted from any country to 2% of the number of people from that country who were already living in the United States in 1890. Throughout the 1880 to 1925 period, immigration was seen as a great thing for America that eventually turned into a problem. The federal government gained more control over immigration policies as time passes by. At first, immigrants were welcomed to America with open arms. As problems with emigration began showing up, action had to take place. The federal government stood up to help protect the American people.

The Changing Uses of Freak

The Changing Uses of Freak The Changing Uses of Freak The Changing Uses of Freak By Maeve Maddox As a noun, freak is documented from the 1560s with the meaning sudden turn of mind: The king, in a freak of anger, ordered the generals execution. From meaning a sudden turn of mind, freak came to mean a trick or a prank: The boy was expelled for some boyish freak. By the 18th century, freak could mean something extremely imaginative. The 1785 citation in the OED refers to a wonderful ice-palace as a freak. The expression freak of nature gained currency in the 19th century. From that phrase derives freak in the sense of something that has developed abnormally, like a two-headed calf. In modern informal speech, freak is used with a qualifying word to label someone as being extremely committed to something: health freak control freak Jesus freak vegan freak The earliest example of this formation is from 1908: camera buffs were called kodak freaks. Freak is also used as a verb: to freak out: (occas. without out): to undergo an intense emotional experience, to become stimulated, to rave, esp. under the influence of hallucinatory drugs. Also trans., to cause (a person) to be aroused or stimulated in such a way. (OED) The verb has in turn spawned the noun freak-out (also spelled without the hyphen): Horse had a freak out in the trailer and cut hocks. Freak has two adjective forms, freakish (1653) and freaky (1824). The highway official being quoted in a news story about the narrow escape of a motorist when a second lane marker came loose from the road must have been too rattled to think of either of these adjectives: this is just another freak accident, even freaker than before Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:50 Redundant Phrases to AvoidHow to Pronounce MobileList of 50 Compliments and Nice Things to Say!

Online shopping players Case Study Example | Topics and Well Written Essays - 500 words

Online shopping players - Case Study Example This is to ensure that the goods arrive when and where the customers need them. There are three online stores focusing on the above factors for marketing their merchandise; they are the focus of this paper. Lane Crawford deals with fashion items. The website is very easy to navigate through. The very first tabs are ‘Women’, ‘Men’, ‘Lifestyle & Gifts’, and ‘Discover’ in that order. Anyone looking for designer clothes and fashion accessories for women just needs to click the first tab and several options are shown. The individual can click on the various designer brands or select the shoes, clothing, bags, and other accessories they need. The business offers free international delivery. In Net A Porter, the second online marketplace for high-end fashion products, the statement â€Å"The world’s premier online luxury fashion destination† meets the customer. Like in Lane Crawford, navigating through this website is quite easy too. The main difference, however, is that the options are more in Net A Porter. The very first tabs contain the items ‘Sale’, ‘What’s New’, ‘Designers’, ‘Clothing’, ‘Bags’, ‘Shoes’, ‘Accessories’, ‘Lingerie’, ‘Sport’, ‘Beauty’, ‘Gifts’, ‘Magazines’ in that order. Such neat layout of items is what makes it easy for customers to reach for whatever they are looking for. After clicking on say bags, a few items will present the customer but they can also go ahead and select the type of the bags they need or even the designer of the bag from a list of options on the left hand side of the items. Luisaviaroma is another luxury shop. The layout is quite similar to those of the above shops only that there is a slideshow of photos showing individuals wearing custom made attires. Nonetheless, the very first tabs are ‘Men’, ‘Women’, ‘Kids’, ‘Home’, ‘Designers’, and ‘Sale’ in that order. While this presents an easy way to navigate

Saudi Arabia Cultural Profile Research Paper Example | Topics and Well Written Essays - 1250 words

Saudi Arabia Cultural Profile - Research Paper Example Cold war is used to refer to the short-lived association that cropped up between USA and USSR following World War Two from 1945 to 1980 (Gerdes 98). Many people found increasing weapons of mass destruction to be of great concern. Additionally, no side did fight with the other. However, they fought for their beliefs through client states that fought for their beliefs for their sake, for example, South Vietnam was anticommunist and had supply from America during the war whereas North Vietnam was a communist supporter and fought the south inclusive of the Americans using the weapons from communist China or communist Russia (Heinzig 202). Within Afghanistan, rebel Afghans were supplied by Americans after Soviet Union invading in 1979 though they did not involve themselves physically thus evading a direct confrontation with the Soviet Union. Logics can show that because the USSR and USA fought allies in World War Two, their association following the war would be more firm and friendlier. This is something that never came to be, and any impression that the two powers remained friendly at war time sounds more of an illusion (Bjornlund 56). Prior to the war, America did depict the Soviet Union as a devil incarnate and the union had also depicted America in the selfsame manner meaning that the alleged friendship during the war was based on the common enemy Nazi Germany (Slugget 117). Paton in his statement mentioned that he was of the opinion that the Allied army unites with the survivors in Wehrmacht, in 1945, employ the military genius inside it and battle against the then Soviet Red Army. Churchill was personally furious about Eisenhower accepting that the Army would be the first team entering Benin before the Allied Army. Sharing in his anger were certain senior military figures like Montgomery. Therefore, the great level of distrust present at war time was obviously present prior to the end of the war. Joseph Stalian, the

Everybodys Guilty Essay Example for Free

Everybodys Guilty Essay In â€Å" Everybody’s Guilty – The Ecological Dilemma, â€Å" author and professor of Human Ecology at University of California, Santa Barbara, Garrett Hardin, explains the current issue with invisible reverberations. Hardin calls attention to the readers about how innocent actions by individuals can inflict on the environment. â€Å" We all acquiesce in the system of arrangements and practices that has created our ecological crisis† (Hardin, 40). In order to approve of our actions, individuals tend to hide from reality behind symbols and/or words. Incorporating rhetoric into our everyday lives does this. Garrett Hardin begins his argument by explaining the naming process that may have unintended consequences and then finishes with potentially solutions to this ecological crisis. For example, using the word â€Å"healthy† attracts an audience that is ultimately looking to eat correctly. Without looking at the ingredients, people believe the false advertisement and buy the food that says â€Å"healthy† on the box rather than what is actually good for them. By doing this, consumers are using an unethical form of persuasion while not being aware of the consequences or changes this action may have on people. Hardin wants the readers to view our world not as a society, but â€Å"as an ecological system† (Hardin, 40). Instead of acting as a whole, people need to understand that as individuals, everyone needs to play their part to improve the world we live on. Hardin suggests, â€Å"we [as individuals] can never do merely one thing† (Hardin, 41). The choices that are made everyday can have an impact on something a lot larger than what was intended. In the article, â€Å"Everybody’s Guilty†, Hardin uses the example of damming the Nile at Aswan. By building this dam, workers not only secured a water source for electricity and irrigation, which was their only intention, but they also caused deep distress to Egypt. This proves Hardin’s argument. Although the thought of a dependable water source is efficient, many times the consequences are overseen. Egypt now is suffering from periodic floods, which is slowly eliminating the nutrients within the water. To bring this example into an easier perspective, lets look at what average people do everyday such as pumping gas. Individuals unconsciously pump their gas with the only intention to be able to get from one place to another. Everyone knows the amount of consequences that may arise from this certain action, but no one really pays attention. The amount of pollution that is created from pumping gas is at alarming rates and is slowly taking a toll on the atmosphere. Transportation is the largest single source of air pollution in the United States. This includes air pollution emitted during vehicle operation, refueling, and manufacturing. These simple actions cause over a third of the contaminated chemicals in the air, and all people are worried about is if they will make it to work on time. With both the amount of cars on the road, and the escalating population rates, Hardin is trying to persuade readers that people need to take action and by persuading the audience, Hardin is engaging in a form of rhetoric. â€Å"Pollution will not be controlled unless population is controlled† (Hardin, 44). â€Å"Even what we call ‘success’ may prove to be a bitter failure. Increasing the size of the population is generally held to be a good thing, but an even larger proportion of the world’s people is becoming convinced that the world is already overpopulated† (Hardin, 42). Increasing the population not only limits resources, it also increases the amount of misunderstanding to people â€Å"never do[ing] one thing†, which can potentially lead to a larger ecological crisis. There are many problems when it comes to population. Technology is expensive and with population growing, the price of natural resources is increasing as well. There are solutions to this issue though, but cannot be implemented right away. Hardin looks â€Å"toward voluntarism and persuasion to help create a climate of opinion that can some day support stronger measures† (Hardin, 45). By â€Å"doing the right thing†, Hardin rhetorically persuades the readers to engage in thoughtful actions that decreases the population. The first step to this solution is to create a 100% effective birth control. Society knows that contraception is not completely effective, but because of this, Hardin suggests we create a system for acceptability towards abortions if necessary. If birth control fails, abortions should be included as a â€Å"back up plan† with the cost of being preferably free. The problem with this proposal is that abortions are frowned upon in other countries. To avoid the abortion issue, young girls need to be taught to become independent and goal oriented instead of becoming a teenage mother. Now-a-days girls are so interested in creating their own little families and having children that they tend to forget the hardships of having child. We need to educate all of society so as to reduce this social pressure, and consequently reduce the number of semi-reluctant mothers, who are probably not the best ones to raise children anyway† (Hardin, 46). Having a child when the woman is a child herself is not healthy, but is a prime example to Hardin’s argument. By creating children for the wrong reasons relates to creating an invisible reverberations. At the time it sounds great to have a child, but the aftermath consequences do not balance out. As a society, individuals need to create a culture of acceptability to smaller families. The world is slowly becoming more accustomed to this new culture, but still needs improvement. Garrett Hardin wants to leave his readers with a prolonged thought to help the world. He enriches his readers with evidence that support his idea of having an ecological crisis. Hardin explains that everyone is at fault when it comes to harming the world, but there are ways to solve this conflict and that is population control. Although the solution may not be easy, Hardin wants people to understand the consequences of their actions, because until then, the ecological crisis is going to continue to increase.

Essay --

The energy challenges in the last few decades and the higher environmental issues around the globe have been pushing many countries to provide incentives for promoting renewable energy source exploitation so as to replace or minimize the use of fossil fuels which emit pollutants and large amount of carbon dioxide. Renewable energy is a source of energy which comes from natural resources such as sunlight, wind, rain, tides, waves, geothermal heat and biomass. These are naturally replenished when used [1]. Large shares of renewable electricity generation are a promising possibility to address global warming and the rising scarcity of hydrocarbon fuels [2]. Solar energy is a well-known proven technology, because of its availability and it does not have negative effects on the environment compared to other conventional energy such as the use of fossil fuel which gradually increases the earth average temperature and pollution. Solar energy is also one of the most available forms of energy on the earth’s surface. The earth’s surface receives a daily solar dose of 10E+8 kWh, which is equiva...

Arikara Tribe

Arikara one of the more quiet tribes was the arikara(uh-RIH-kuh-rah) tribe. the arikara trie used to hold around 30,000 arikara and than was left with 2,000 after smallpox. they lived in relatively simple homes and their lives were also relatively simple. ttheir dress, what anyone could expect. although simple the arikara were very complex in some sort. the fashion of the arikara was mostly dependant on the season. usually the women wore deer skin dresses that were white. the men usually wore breech cloths, leggings, and a buckskin shirt. uring the winter the men wore bearskin robes and moccasins. the women in the winter would switch from deerskin to antelope skin and mocassins. aside from their clothes, both the men and woman had roles. for instance, the men did the hunting and the occasional fight to protect their family. the women farmed, cleaned, did the child care, and gathered food like berries. the arikara were a well structured tribe when it came to duties. most arikara peopl e originated in north and south dakota. ow most of them, the ones that are alive, stayed and still live in north dakota. in the beginning every tribe lived off on their own. soonafter, smallpox came and wiped out many of the arikara, they then became kno as the three affiliated tribes. the three affiliated tribes were the arikara, the mandan, and the hidatsa. shortly after they became the three affiliated tribes lewis and clark discovered the tribe. in october of 04 as in 1804 lewis and clark moved westward on their voyage and came to find dakota. at the time there was very little arikara to meet. ost of the tribe had been wiped out from the smallpox and most who survived were just getting over smallpox. lewis and clark found three arikara villages scattered alond a three mile distance. the first of them were pretty much abandoned, the explorers came to find wooden frames with paked earth walls and a dome celing. patrick gass was a former carpenter on the expidetion and noted the do me shape in his journal. the relation between the arikara and lewis and clark was very friendly as was their native greeting nawah. although simple the arikara were very complex in some sort. nly few were left when they were discovered, the arikara tribe was slowly shrinking until lewis and clark came in. the tribe originated in dakota and later spread out to other places. the arikara were a well structured tribe when it came to duties. the relation between the arikara and lewis and clark became very friendly. friendly to a point where they agreed to send a representative east to meet with the president. all in all the arikara tribe was trusting and generous with most others. vanessa leal september 6, 2012 expository essay

Psychology and Christianity Integration Paper Essay

Psychology and Christianity: two subjects that have seem to become almost impossible to talk about hand in hand. Psychology has become one completely different subject than Christianity (theology) and both have lost all contact with the other. Psychology is strictly a science and Christianity is solely based on faith and religion and the two can not be integrated together. The real question is why? Why can’t psychology and Christianity be integrated and used together as one? This paper will give some dictionary definitions of both subjects, will provide definitions based on the authors opinion, and will discuss the authors viewpoint on the integration of the two. The American Heritage dictionary defines psychology as â€Å"the science that deals with mental processes and behavior† (American Heritage Dictionary, 2000) and defines Christianity as â€Å"the Christian religion, founded on the life and teachings of Jesus† (American Heritage Dictionary, 2000). As you could see, both definitions used the words science and religion placing both subjects in their own categories. In modern days, religion and science can not be compared but rather contrasted. The integration of the two does not make sense for those who believe there should be empirical evidence for everything or people who are dependent on the Christian religion and this is where society runs into a problem. The author of this paper, however, believes there should be no problem integrating the two. In her eyes, psychology is the study of the mind and behavior, not necessarily a science but more a study. She does not use the word science because she understands that there are things in the field of psychology that have no empirical answer and therefore can not necessarily be a science, because all things science can be tested and proved. Being a Christian, she believes Christianity is a name for the faith in her Lord Jesus Christ. Because she is a Christian, her window to the world has been shaped through the Word,  her experience and what she knows to be true. In her eyes, God is the creator of the Earth and the Heavens and all things work because of Him. She believes that all things can be integrated with Christianity (theology) because God brought everything to this world. She has confidence in the fact that psychology and Christianity can be integrated. She sees the faults that can come of it but she also does not see a reason for complete separation. According to the American Heritage Dictionary (2000) defines integration as making something a whole, unifying different things as one. The author of this paper understands the integration of psychology and Christianity like this†¦psychology is the head (mind) and Christianity is the heart (soul) but neither one can work without the other. Because of the progression of the world, with technology, science and the need to prove all things empirically, faith has, in a way, been pushed away and not as important, but this is wrong. God is the one that has placed people on this Earth to provide progression and advances and without Him all things would not be possible. So, in order to fully understand these different non-theological subjects it is important to understand that faith and religion are the reason for all other subjects and that integration is actually completely necessary. But there are limitations to this. The advances of science and technology have molded the human mind into thinking that there is a need for proof because are very few things that cannot be proven and why would believe in something that cannot be proven when there are so many things that have been empirically proven? This is where the idea of integration gets messy because there is no experiential way to prove the existence of God and his all-mighty power. But this argument can be debated even further. Let’s take a peek at the idea of the unconscious mind. Clearly this is a psychology topic but why can’t it be related to faith because indeed the unconscious mind has not been completely proven. There is proof that there is such thing as the unconscious but no tangible proof of what goes on and what controls the unconscious. For example, there is no way to prove or disprove the topic of ones dream. A scientist can set someone up to an EEG and measure their brainwaves while they are dreaming but there is no way to prove or measure the content of  their dream. This is much like faith. One can be tested on the existence of their faith and religion but there is no true way of proving it; but there is also no true way of disproving it. So what now? Well in the eyes of the author there is no answer. Either you believe in the possibility of integration or you do not, and a majority of people who do have had an experience that has allowed them to see the true importance of said integration. The other problem that arises with integration is that some Christians are overly explicit with their beliefs. This is bad because people, in these days, are afraid of explicit people so these type of Christians are shut out by people in the scientific realm, because yes God created science but for those that do not understand that going after it in that way turns them off. Psychology has its domains and Christianity has its domains but there is some overlap†¦it is when to approach that overlap that gets messy. There is also the secular stand of â€Å"Christians being hypocrites.† There is a chance that psychology and Christianity have become so separated because some Christians do not want to be judged by other Christians. Back in the day, Christians would go to their pastors for help but now, because of fear of judgement, Christians want an outside view, a psychologist. Now, in this context, it is hard for integration. But this is not what integration needs to mean. Integration is simply unifying two things as one. Understanding that God created the Earth and the Heavens and that all things are made and work in God’s power allows for integration to happen.   So what do we need to do? Do we need to come up with both a psychological and theological definition for integration? No. We simply need to come to the conclusion that Christians will believe in Christian ways and scientists will believe in scientific ways and how both understand integration will be dependent on each individuals life, experience and truth. Because on both ends of the spectrum, there are unanswered questions and there will always be unanswered questions. Questions like who is God? what is sin? how do we measure God’s truth? who says Scripture is true? what does faith look like? what is the unconscious? how do we measure the content of dreams? how do we  measure the idea of â€Å"seeing the light?† These are all important questions but questions that without extreme progression and world advances will not be answered. That type of progression will not exist in the lifetime of this author so what she has concluded is that God created the world and the Heavens and that he creates all things in it. Therefore, in order for science to work, in order for psychology to work, there must be an acceptance of it being God’s world. Because if there is no God, there were did all this stuff come from?

Discovering the Invisible Man essays

Discovering the Invisible Man essays In Ralph Ellisons novel, Invisible Man, the narrators search to find an identity for himself is harsh journey of internal and external struggles through which several incongruous identities are forced upon him. This experience teaches the narrator that the act of placing a title on someone is linked to issues of power and control. He only finds betrayal, and never a true identity when he attempts to live his life under someone elses accord. Through his words, the reader can see the narrator's development in realizing that he is invisible simply because people refuse to see or acknowledge him. Since he is a black man in a white mans world, he is obscured and indistinguishable to others. The text embodies the universal theme of self-discovery, of the search to figure out who one truly is in life, which the narrator achieves through confrontations with the corrupted Dr. Bledsoe, racial segregation and the influences of the tainted Brotherhood. Dr. Bledsoe is a major influence in the narrators search to find himself. At first, Dr. Bledsoe was somewhat of a role model for the narrator, as he saw the immense power, fortune and high position he held. The true side of Dr. Bledsoe was much different from what he portrayed to others. Bledsoe has three faces: one he shows to important whites, another he exhibits officially to the students of the college, and the private and true side he reveals to the narrator. When the narrator sees Bledsoes true nature, he soon comes to realize the corruption and malevolent methods that Dr. Bledsoe utilizes. This is the narrators first encounter with such deep-seated corruption. The narrators perception is that his world is at its deepest levels corrupted by certain varieties of radical dishonesty and manipulation (Butler 97). He sees this, when the man he idolizes, Dr. Bledsoe, is heavily entrenched in dishonesty and manipulation. &qu...

Mary Street Short Analysis

* The first stanza depicts the habitual routine of Skrzynecki’s family, as indicated by the use of the phrase â€Å"Each morning† in the third line. This helps evoke a clear sense of normal practice and routine in the lives of the Skrzynecki family. Additionally through the use of industrial imagery; â€Å"rusty bucket†, â€Å"bridge†, â€Å"factory† the audience can see a sense of comfort and connection to their humble surrounds. * The second stanza presents the strong connection that Peter’s parents share with their garden. But while Skrzynecki’s parents take fulfilment in nurturing and fostering the garden (Tended roses and camellias/ Like adopted children), Skrzynecki himself didn’t hold the same values as his parents (I’d ravage the backyard garden/ Like a hungry bird). This contrasting use of simile accurately depicts the sort of cultural background Skrzynecki feels he doesn’t belong to. * The third stanza discusses the connection to the 10 Mary Street address that his family holds. The use of personification in the first line; â€Å"The house stands† highlights the human value of the house and establishes a strong sense of belonging to the house. Additionally, the use of Cumulative listing lines in 13-17 helps to reinforce the family’s strong connection to their European heritage. The final stanza presents a contrasting view of belonging whereby Peter feels his family â€Å"became citizens of the soil/ That was feeding us† and indicates a sense of comfort and acceptance of the Australian way of life. The last 3 lines: â€Å"Inheritors of a key/ That’ll open no house/ When this one is pulled down. † Re-establishes what the house symbolised for them and the notion that the sort of connection 10 Mary Street h ad to their new lives in Australia will be a challenge to recreate. !0 Mary Street Short Analysis * The first stanza depicts the habitual routine of Skrzynecki’s family, as indicated by the use of the phrase â€Å"Each morning† in the third line. This helps evoke a clear sense of normal practice and routine in the lives of the Skrzynecki family. Additionally through the use of industrial imagery; â€Å"rusty bucket†, â€Å"bridge†, â€Å"factory† the audience can see a sense of comfort and connection to their humble surrounds. * The second stanza presents the strong connection that Peter’s parents share with their garden. But while Skrzynecki’s parents take fulfilment in nurturing and fostering the garden (Tended roses and camellias/ Like adopted children), Skrzynecki himself didn’t hold the same values as his parents (I’d ravage the backyard garden/ Like a hungry bird). This contrasting use of simile accurately depicts the sort of cultural background Skrzynecki feels he doesn’t belong to. * The third stanza discusses the connection to the 10 Mary Street address that his family holds. The use of personification in the first line; â€Å"The house stands† highlights the human value of the house and establishes a strong sense of belonging to the house. Additionally, the use of Cumulative listing lines in 13-17 helps to reinforce the family’s strong connection to their European heritage. The final stanza presents a contrasting view of belonging whereby Peter feels his family â€Å"became citizens of the soil/ That was feeding us† and indicates a sense of comfort and acceptance of the Australian way of life. The last 3 lines: â€Å"Inheritors of a key/ That’ll open no house/ When this one is pulled down. † Re-establishes what the house symbolised for them and the notion that the sort of connection 10 Mary Street h ad to their new lives in Australia will be a challenge to recreate.

The Person of Christ Essay Example | Topics and Well Written Essays - 2500 words

The Person of Christ - Essay Example a. Christ’s Deity There are many passages in the Bible that confirm that Jesus is divine. Here are a few examples:- In the beginning was the Word, and the Word was with God, and the Word was God†¦And the Word became flesh and dwelt among us, and we have seen His glory, glory as of the only Son from the Father, full of grace and truth 2 No one has ever seen God; the only God, who is at the Father’s side, he has made him known3. Thomas answered him, â€Å"My Lord and my God!†4 Even though scripture clearly states the deity of Christ, these scriptures are often challenged. For instance there are those that believe that Jesus never called himself God and any verse that suggests so was written by His disciples in order to deify the man that significantly impacted their lives. There are some who believe that Jesus was only a great teacher of morality which would at best place him at per with other religious leaders.5 This notwithstanding, Jesus’ own underst anding of his deity can be seen in six primary ways. First is that he taught with divine authority 6 The difference with Jesus and the other religious teachers of his time like the Pharisees and Sadducees is that they had no authority when they presented their teaching. They derived their authority from earlier authorities.7 In fact, even Moses and all other prophets of the Old Testament sis not speak with their own authority but with the authority of the Lord. Jesus however, interprets the Old Testament thus: You have heard it said†¦but I say†¦8 it is this same authority that Jesus used to affirm himself as Lord and Judge who will reward the righteous and judge the wicked. The second view of Christ’s deity is his relationship with God the father. We see Jesus as a young boy seated in the temple discussing scripture with the teachers of the law. His parents went over looking for him and when they finally found him, his answer to their question on why he wandered fro m them was, Why were you looking for me? Did you not know that I must be in my Father’s house?9(Luke 2:49) Jesus referred to God as His father in many other places in scripture and this assertion may be considered a radical assertion but it is also a good proof of his deity. In fact, such an assertion was not a very common thing in Jewish literature and it made him unique from other Jewish leaders both past and present. The third illustration is the phrase â€Å"son of man† which Jesus used over and over again to refer to himself. Even though the phrase might simply mean a son of a human being, Bible scholars believe he was using it in reference to the son of man described in Daniel 7 who was to be a ruler of the whole world. 10 There are many instances in Scripture in which Jesus affirmed himself as the messianic son of man. For instance, he stated that he had authority to forgive sin and he even did what was considered by experts of the law as work on the Sabbath by healing the paralytic man. Fourthly, Jesus taught many things that emphasised on his real identity. He taught about the kingdom of God in which he was a son. He taught on how he was around even before Abraham was. His emphasis on his identity can easily be seen in the question he asked

E-Portfolio Assignment Example | Topics and Well Written Essays - 500 words - 1

E-Portfolio - Assignment Example di Arabia, in 1990 to a medium-sized family made up of my parents, me, three brothers, and one sister.   Throughout my childhood, I was taught the importance of hard work, honesty, and doing a good job.   My siblings all work good jobs, with two working as engineers and two working as professors of Chemistry. However I am the first in my family to leave the country in order to pursue higher education.   I believe this experience of leaving my country has made me a stronger person with a better understanding of the world and my chosen profession.   I had to struggle to learn English at first, although now I do well in it, and assimilating into the culture of another country was also a challenge which taught me a lot about myself and my own culture as well.   As an international student at Pennsylvania State University, I have been exposed to all sorts of courses and have gained a hands-on understanding with a number of topics related to petroleum and natural gas engineering.  Ã‚   If you visit my work samples page, you can see just a few of the best assignments that I have completed during my time here.   As well as courses I have taken, I have done an internship with oil combines in Saudi Arabia.   This experience gave me a good understanding of important industry practice, and has helped me to get skills that will let me be a better engineer.   After I graduate from university, I hope to work in the petroleum and natural gas industry in some way or another.   While I would like to be able to return to my native country and be near my family, I am also excited to explore the world around me.   My ideal job would let me use my knowledge of English and Arabic to share what I have learned at Pennsylvania State University about petroleum and natural gas engineering.   I would be especially interested in working in the oil industry as either a drilling engineer or production engineer.   For the moment, I am keeping my options open and look forward to seeing what

Private equity & Venture capital Essay Example | Topics and Well Written Essays - 750 words

Private equity & Venture capital - Essay Example The sale price for the company that would make sense for the venture capital fund to convert its convertible preferred stock will be ($3/1.75) = $1.714 per share. d) Explain how a participating convertible preferred stock (PCPT) differs from a standard convertible preferred stock, and what benefits it has for the investor purchasing the PCPT. Why would existing investors agree to use a PCPT security in a new financing round? PCPT is a convertible stock that basically provides a specific dividend that in the event of liquidation can be paid or converted before any other stock while a standard convertible preferred stock takes precedence after other categories of stocks such as PCPT. PCPT enables an investor to get precedence claim over other categories of stocks hence ensuring that their investment is assured with some gain. An existing investors would agree to use a PCPT security in a new financing round because it offers a first claim in the case of liquidation. Further, it is easier to convert existing stocks into PCPT. Private equity firms have well informed and highly sophisticated investors. This ensures that the process of establishing and crafting operational strategies and priorities is basically built on deep transparency between the stakeholders. Further, they align themselves around an explicit and focused drive, objectives and interests hence resulting to comparative advantage. Private equity requires that an engaged and effective board be built to manage the funds. Further, they aim at buying a company using debts and then considerably reducing or cutting costs so that they can realize short term profits to settle the debts and further increase in the growth prospects. Proprietary deals gives a specific investor an opportunity a first chance to bur or purchase a company or a business , before the said company or business is actually presented to other investors by the investment banker or

Starbucks Strategies for Profitability

Starbucks Strategies for Profitability 1. Introduction Major objective of this study is to shed light on the strategies and efforts made by Starbuck to solve its problems related to profitability. In order to do a careful analysis of internal initiatives is undertaken to have an idea about the success of these initiatives to return to a stable pace of profitability growth by Starbucks. To have growth in profitability Starbucks needs to generate competitive advantage among the rival firms. Starbucks will have to take into account overall trends of industry, so that long run profitability growth can be assured. Both the internal and external factors faced with the firm are analyzed separately in order to have a reliable future position. 1.1. Positive Aspects related with Starbucks and Recommended Strategy Starbucks provides healthy working environment to its employees and have detailed and employee friendly stock option plans. Moreover, the major strengths of Starbucks lie in the attractive shop design and comfortable shop environment. Starbucks aims to become a top coffee outlet not only at regional level but also at international level. So the strategy of globalization will help Starbucks to increase its profitability. In order to successfully implement this strategy performance targets for managers will have to be set so that they are provided with the incentive to improve their performance. 1.2. Objectives of Starbucks Clean supply of coffee. Create readily happy clients all the period. Provide an incredible work place and handle pride and one another with respect. Accept diversity being an important element in the manner we do company. Make use of the greatest requirements of quality towards the buying. Lead positively to the towns and our environment, and notice that success is important to our potential success. 2. Issues faced by the Firm 2.1. Internal Issues Limited Product Range: Starbucks offers a product range comprised of single source and approximately thirty products , Coffee machines, advanced candy, coffee cups, coffee accessories card, a stored value card, coffees, containers frap-puccino caffeine products, coffees, coffee liqueurs, type of ice creams, audio, publications, movies, house Starbucks and gifts. Limited Advantages provided to Employees: Many conflicts among workers have been observed since in various outlets of Starbucks all over the world and the main reason was low-pay and extended work hours. As the burden of work remains high the employees feel overworked and hence they find it difficult to continue working at Starbucks. 2.2. Insufficient Growth of Alternatives Available When the business was started there were just 17 coffee shops but now the outlets are running in 39 nations all over the world having almost 12,240 outlets. The worldwide rate of growth associated with coffee shops is too high as compared to that of Starbucks. This fact leads to create a severe anxiety for Starbucks and limits the growth opportunities available to the firm. 2.3. Customer Relationships The clients of Starbuck are not that much diversified and belong to almost similar group. On the other hand it not the case with other international coffee brands. Another consideration is attached with the Starbucks connection with their clients. Starbucks is regarded as very awesome coffee brand when consumer considerations are concerned. In the region of Beijing where Starbucks recently closed an outlet due to ethnic differences among manufacturers can also be regarded as a threat to the future growth of a business. Some revolutionary anti-capitalism activists left the Starbucks becoming former clients, but additionally Starbucks and especially small people even not approved within the company’s feel uneasy or shops. Because of Starbucks rapid development, the manufacturer so dropped its unique hospitality for customers and continues to be commoditized. Major Issue Faced by Firm On the basis of above discussion it is found that major issue for Starbucks is limited growth opportunities which may be result of weak customer relationships. 3. Analysis of Financial Ratios Liquidity ratios: Tells us about the ability of a firm to pay its short term debt obligations. The most commonly used liquidity ratios are current ratio, quick ratio and cash flow ratio. Current ratio (Cr) = Current Assets/Current Liabilities Current ratio shows that how much of current assets a firm has in order to be able to pay its short term debt. For the year 2009 Cr =403.60 / 309.30 = 1.30 For the year 2010 Cr =476.10 / 318.50 = 1.49 Conclusion: The current ratio is 1.30 in the year 2009 which shows that the firm had current assets of $ 1.30 in order to pay liability of $1. In the year 2010 the firm had $ 1.49 to pay the liability of $1. The improvement in current ratio is indicating that the position of firm in the form of current assets to finance its debt has been improved. Quick ratio ( Qr)= (Current assets-Inventory-Prepaid) / current Liabilities Quick ratio shows that how much of convertible assets a firm has in order to be able to pay its short term debt. For the year 2009 Qr =403.60- 119.20-44.30 / 309.30 = 240.3 / 309.30 = 0.77 For the year 2010 Qr = 476.10 115 – 47.30 /318.50 = 313.8 / 318.50 = 0.98 Conclusion: The current ratio was 0.77 in the year 2009 which shows that the firm had convertible assets of $ 0.77 in order to pay liability of $1. In the year 2010 the firm had $ 0.98 to pay the liability of $1. The improvement in quick ratio is indicating that the position of firm in the form of convertible assets to finance its debt has been improved. Cash ratio (Chr) = Cash/ Current Liabilities Cash ratio shows that how much of cash a firm has in order to be able to pay its short term debt. For the year 2009 Chr = 54.50 / 309.30 = 0.17 For the year 2010 Chr = 76.70 / 318.50 = 0.24 Conclusion: The cash ratio was 0.17 in the year 2009 which shows that the firm had cash of $ 0.24 in order to pay liability of $1. In the year 2010 the firm had $ 0.24 to pay the liability of $1. The improvement in cash ratio is indicating that the firm has more cash to pay back its debt has been improved in 2010 as compared to 2009 which is a good sign for Starbucks. Leverage Ratios: These ratios tell us about financial structure of company. The sources of fiancà © of a business are shown by leverage ratios. It shows the components of debt financing, equity financing and self financing of a firm. Debt to equity ratio = Total Debt / Total equity. It shows the components of debt and equity in firm’s capital structure. For the year 2009 (DEr) = 1827.80/ -1033.60 = -1.76 For the year 2010 (DEr) = 1783.10/ -696.40 = -2.56 Conclusion: negative value of equity is showing that the value of an asset used to secure a loan is less than the outstanding balance on the loan. The value of assets is far below the outstanding balance on the loan used to purchase those assets which is sign of possible financial distress of the firm. Debt to equity ratio is greater than 1 showing that the component of debt is much higher than that of equity in firm’s capital structure. The debt component has been decreased in 2010 as compared to 2009. Debt to asset ratio (DAr)= Total asset / Total assets. It shows how much of firm’s assets are financed through debt i.e. components of debt and equity in firm’s capital structure. For the year 2009 ( DAr) = 1827.80/ 794.20 = 2.30 For the year 2010 (DAr) = 1783.10/ 1086.70 = 1.64 Conclusion: The ratio of 2.30 in 2009 is showing that component of debt in total assets is almost two and a half times that of equity. However this ratio is decreased in 2010 which is showing that equity level of debt has been decreased in firm’s capital structure as compared to 2009 which is a good sign for this firm as there is a risk of financial distress and bankruptcy associated with high levels of debt burden. 4. Diagnosis of Firm Performance Profitability Ratios: Profitability ratios reflect the performance of a company it shows that whether firm performance is improving or deteriorating. Return on Assets = (Net profit / total assets) * 100. This ratio shows that how much profit is being generated by firm’s assets or what is the contribution of firm’s total assets in its profitability. For the year 2009 ROA = (48.80 / 794.20) * 100 =6.14 % For the year 2010 ROA = (327.30 / 1086.70) * 100 = 30.1 % Conclusion: ROA of 6.14% in the year 2009 is showing that every $ 100 invested generates $ 6.14 as profit. ROA has been improved in the year 2010 as now each $ 100 invested will generate 30.1 as profit. So the profitability is improved in the year 2010 which is a good sign. Net Profit Margin = Net Profit / Sales It reflects the amount of each sales dollar left over after all expenses have been made. This ratio helps a company determine how much actual profit is made from each sale earned. The higher the net profit margin, the better the company is doing at turning sales into profit. For the year 2009 NPM = (48.80 / 1295.90) * 100 = 3.7 % For the year 2010 NPM = (327.30 /1321.40) * 100 = 24.76 % Conclusion: Net profit margin has been greatly increased in the year 2010 as compared to that of 2009 which is a strong positive signal. The improvement may be because of strong sales or decreased costs and overhead. On the basis of above calculated ratios it can be concluded that overall financial position of the firm has been improved in 2010 as compared to 2009. However there is high risk of financial distress due to heavy debt burden. 5. Solutions for Issues faced by Starbucks Changing associated with an exterior atmosphere of the organization led to cause various problems related to the business and contributed to to the closing of the shops of the organization within the USA. These problems are mainly related to the businesses connection, the critique firm’s fair-trade guidelines and the additional governmental problems affecting the business. To cope up with these problems the organization requires a detailed strategy to resolve these issues. Major solutions for problems faced by Starbucks are as follows: Steps to face numerous current competitors, or to minimize the risk of fresh competitors entering the marketplace Revolutionize the political and financial atmosphere. Adjustments in consumer preferences or styles Selection of Best Alternative available Among the above mentioned solutions the most feasible one is to make adjustments in the products offered by the firm, to best suit the tastes of consumers. For this purpose Starbucks will have to keep in view the products sold by other firms of same industry because these products are substitutes of those offered by Starbucks. The firm will have to introduce more differentiated products because differentiated and unique products always remain successful to attract more and more customers. 6. Conclusion Keeping in view the above discussion it can be concluded that Starbucks severely needs to boost the worldwide reputation of the company in order to achieve its growth targets. Pursuing a careful strategy related to the enhancement of growth opportunities, Starbucks may become able to return to a profitable growth path as they have available opportunities for continued growth of their business. Coffee business is growing all over the world including US industry, a market is growing more saturated and hence the competition is rising at international levels. References CEO, S. (2004). HOW STARBUCKS WORKS WITH NGOS.California Management Review,47(1), 92. Thompson, C. J., Arsel, Z. (2004). The Starbucks brandscape and consumers’(anticorporate) experiences of glocalization.Journal of Consumer Research,31(3), 631-642. Gallaugher, J., Ransbotham, S. (2010). Social media and customer dialog management at Starbucks.MIS Quarterly Executive,9(4), 197-212. Grundy, T. (2006). Rethinking and reinventing Michael Porters five forces model.Strategic Change,15(5), 213-229.

Helen Of Troy :: Ancient Greece Greek History

Helen Of Troy Helen was the most beautiful woman in the entire Greek known world. She was the daughter of the god Zeus and of Leda, and wife of the King of Sparta. The hero Theseus, who hoped in time to marry her, abducted her in childhood but her brothers rescued her. Because Helen was courted by so many prominent heroes, Menelaus made all of them swear to abide by Helen's choice of a husband, and to defend that husband's rights should anyone attempt to take Helen away by force. Helen's beauty was the direct cause of the Trojan War. The ten-year conflict began when the three goddesses Hera, Athena, and Aphrodite asked the Trojan prince Paris to choose the most beautiful among them. After each of the goddesses had attempted to influence his decision, Paris chose Aphrodite, who had promised him the world's most beautiful woman. Soon afterward Paris sailed to Greece, where Helen and her husband hospitably received him, Menelaus, king of Sparta. Helen, as the fairest of her sex, was the prize destined for Paris. Although she was living happily with Menelaus, Helen fell under the influence of Aphrodite and allowed Paris to persuade her to run off with him, and he carried her off to Troy. Menelaus then called upon the Greek leaders, including Helen's former suitors, to help him rescue his wife, and with few exceptions they responded to his call. Agamemnon his brother led the forces to Troy. During ten years of conflict, the Greeks and Trojans fought irresolutely. Then Paris and Menelaus agreed to meet in single combat between the opposing armies, and Helen was summoned to view the duel. As she approached the tower, where the aged King Priam and his counselors sat, her beauty was still so matchless and her sorrow so great that no one could feel for her anything but compassion. Although the Greeks claimed the vic tory in the battle between the two warriors, Aphrodite helped Paris escape from the enraged Menelaus by enveloping him in a cloud and taking him safely to Helen's chamber, where Aphrodite compelled the unwilling Helen to lie with him. Unable to capture the city after a siege of ten years, the Greeks resorted to strategy. Agamemnon's forces, namely Odysseus, came up with a plan. They sailed away and left the Trojan horse, filled with armed warriors, on the shore. Sinon, a Greek spy, persuaded the Trojans to take the horse into the city, convincing them that to do so would mysteriously make Troy invulnerable.

Harrington Collection

Case Assignment #2 – Harrington Collection Outlook for overall women’s apparel industry Since the downturn that began in the early 2000s significantly impacted the women’s apparel industry, the increasing rate on overall sales had presented a slight decrease from 2004. Although it came up from 3. 5% to 5. 7% in 2004, it began to come down from that year as well with a relatively stable dropping rate. However, it led to a significant fluctuation among units that sold in different price ranges.Let’s take a look at Chart-1 below which is transformed from Exhibit-2 in the case to the form of increasing rate and proportion respectively. According to (a), units sold whose price is more than $200 and in the range of $100 and $200 increased well below the average increasing rate. While the units sold whose price ranged from $50-$100 and under $50 increased higher than the average increasing rate. What’s more, the growth rate of units sold under $50 had jump ed to 11. 50% in 2007 by 4. 28% which is in great contrast with that of only 1. 5% whose price ranged from $100-$200. Chart-1: (a) Price Point| 2006 (growth rate)| 2007 (growth rate)| difference| $200+| 0. 6508%| 2. 8736%| 2. 2228%| $100-$200| -0. 0457%| 1. 5075%| 1. 5532%| $50-$100| 7. 0548%| 9. 0851%| 2. 0303%| Under $50| 7. 2188%| 11. 5010%| 4. 2822%| Total| 5. 1272%| 8. 1631%| 3. 0359%| According to (b), the units sold proportions presented little difference from 2005 to 2006. However, in 2007, we found that 2 points less of units sold pricing up from $100 and 2 points more of that were priced under $50 compared with previous year.Chart-1: (b) Price Point| 2005 (proportion)| 2006 (proportion)| 2007 (proportion)| $200+| 10. 7601%| 10. 3020%| 9. 7982%| $100-$200| 17. 0388%| 16. 2004%| 15. 2036%| $50-$100| 34. 0776%| 34. 7025%| 34. 9983%| Under $50| 38. 0456%| 38. 8025%| 40. 0000%| Total| 100%| 100%| 100%| Although the statistics suggests a slight increase of the total demand in th e industry of women’s apparel, the shift in the structure of units sold in different price ranges indicates a downturn in the industry which led to a downward consumer purchasing behavior.Indeed the economic sluggish hit the segment targeted on upscale-class apparel pricing higher than $100, however, it provides a great opportunity for manufactures who engaged in the segments targeted toward â€Å"budget† and â€Å"moderate† classifications. As a result, consumers undergoing economic downturn would become more and more price sensitive, especially for those who were always purchasing â€Å"moderate† or â€Å"budget† apparel even before the economic sluggish began. Competition Since the industry was moderately concentrated, it should belong to monopolistic competition market, under which sellers could differentiate their offers to buyers.Products can be varied in quality, features, or style, or the accompanying services can be varied. Sellers try to develop differentiated offers for different customer segments and, in addition to price, freely use branding, advertising, and personal selling to set their offers apart. Retailing Competition for the Apparel Market In current years, department stores have been squeezed between more focused and flexible specialty stores on the one hand, and more efficient, lower-priced discounters on the other.It results in a markedly falling in market share which can be found in Exhibit-5. In the contrast, specialty stores with narrow product lines and deep assortment, and supercenters who are actually giant specialty stores with broader product lines presented an enlightening future trend. The fierce competition, as a result, gave rise either to merger and consolidations between retailers in order to gain bargaining power with suppliers, or to contracting directly with manufacturers to produce private label products.Manufacturers also expanded their roles by integrating forward into retailing so a s to reduce expenditures and to take better control over their own business. Harrington Collection Harrington Collection targets itself at high-class fashion enthusiasts and divides the â€Å"upper-class† market into 4 further specific segments represented by 4 brands which focus on people with different income status, ages, self-concepts, etc. If we refer back to Chart-1: (b), we find that market share of total apparel industry pricing higher than $100 decreased in 2007.It would hit the performance of Harrington Collection since all of its products are priced up from $150. In addition, we also find a rapid growth was taking place in the low-end market in 2007. As a result, senior executives of the company is considering to introduce active-wear into manufacturing and stretch its product line downward to grab the opportunity in low-end market as well as to make up for their profit loss in high-end market. However, a brand’s price and image are often closely linked and a change in price can adversely affect how consumers view the company.When a cheaper product is introduced into the market, their loyal consumers would think that the quality has been reduced. Especially for luxury oriented company like Harrington Collection whose customers are extremely loyal to the brand and looking for status that the company’s brand stands for, lowering price would threaten the company’s position in the minds of its loyal customers. (disadvantage) On the other hand, when it comes to new customers who never purchased Harrington’s apparel before, lowering price might attract consumers in â€Å"moderate† or even â€Å"budget† segments to buy its products.Moreover, if prices are similar with that of competitors who target only in â€Å"moderate† or â€Å"budget† segments, consumers are more likely to purchase Harrington’s apparel, because the brand would make them look wealthy. (advantage) However, it is not th e case. Consumers belonging to â€Å"moderate† or â€Å"budget† segments are extremely price sensitive, especially under a downturn economic situation. When company slightly raise the price to meet a higher quality or service requirement, lots of consumers coming from these two segments would turn to its competitors.Even though the company makes profit due to the current fad, it would hurt the company’s profitability in a long run. (disadvantage) As a result, management of Harrington Collection should trade off both advantages and disadvantages when making decision of lowering its price to develop active-wear product line. Active wear According to the case, both the facts that the number of active-wear units sold was expected to double by 2009 and the extremely high turnover rate suggest a promising future of active-wear classification.So the point is to which segment active-wear classification should target and how this new product line should be priced. First of all, let’s refer back to our analysis right above. Although targeting to consumers who pinch pennies and lowering price to attract this kind of â€Å"new† purchasers might make profit in short term, the great price sensitivity and disloyalty hidden behind this group would result in a greater loss in a long run. Moreover, the inexpensive brand image would drive a lot of loyal customers away to its competitors.However, â€Å"10% of customers purchasing apparel in the $100-$200 price range would buy an active-wear set if one with superior styling, fabric, and fit was available. † â€Å"There is a sub set of Harrington customers who were loyal to the brands throughout their careers but no longer desire the tailored, professional look. They are now interested in something fresh and comfortable that fits with their active lifestyles. † â€Å"The aging baby boomer population wants clothing that does not make them feel old. All of these facts suggest that it seems safer and more conservative to remain in the existing classification and excavate the need of loyal customers. However, due to the high growth in low-end market, we don’t want to give up the opportunity to take a bite on that tempting market. So why don’t we price the product slightly higher than the â€Å"moderate† active-wear product, and increase the quality as well as add exceptional features to attract both old customers and new consumers who are not that sensitive to price?For instance, if customers purchasing active-wear from Liz Claiborne related themselves with sexy and glamorous image, Harrington could redesign the active-wear product adding features to attract customers who would like to relate themselves with elegant or sophisticated images which is more consistent with the company’s value. It can also increase the quality in fabrics, manual work and services. People would love to pay a little higher price in exchange of a much higher qu ality, unique style and better services.In this way, not only it would attract new customers who are less price sensitive with affordable prices and retain them by reliable quality compared with that of poorly made â€Å"moderate† products, but also it would bring fresh experience to its old customers and then increase the times of their purchasing behavior without eating up the sales of company’s other brands or hurting a luxury image. Secondly, if Harrington faces a host of smaller competitors charging high prices relative to the value they eliver, it might charge lower prices to drive weaker competitors out of the market. However, Liz Claiborne, one of Harrington’s major competitors, was also one of the leaders in the â€Å"better† active-wear category with relatively low price. As a result, the company may decide to differentiate itself with value-added products at higher prices. In conclusion, Harrington should price the new product line of active-we ar slightly higher as well as increase its quality and services in order to support the price and keep consistency with its luxury image.Furthermore, Harrington should differentiate its style and features to avoid direct competition with other leading manufacturers. Brand Targeting and Positioning Myer thought active-wear would be a perfect addition to the Vigor division for two reasons – Vigor styles were less traditional than the other Harrington divisions, and Vigor division emphasized comfort and fashion although it’s a career-oriented design. However, these two reasons cannot sufficiently support whether active-wear would well fit into Vigor brand.Even though attributes and benefits brought to customers could be varied among different products, the images, beliefs and values created for customers must be consistent with each of the product under the same brand. For instance, active-wear and existing Vigor’s product don’t have the same features, as ac tive-wear is more sporty and casual while the other is more work/professional oriented. The point is neither the same attributes they have in common nor the comfortable benefits they will bring to customers. The point is the same image customers would like to relate themselves with and values the company intends to create.Since Vigor has already successfully created an image of â€Å"Trend Setter†, the new product line must also create values of â€Å"breaking rules†, â€Å"looking exceptional†, â€Å"pursuing new life style† for customers to meet the requirement under the brand of Vigor. As a result, it’s not a bad idea to branch out Vigor to support active-wear manufacture. Advantages and Disadvantages Moreover, to extend a current brand name to a new category will give the new product instant recognition and faster acceptance. It also saves the high advertising costs usually required to build a new brand name.And it could also use the brand†™s existing support and functions to run the new business, which would decrease part of overhead expenditures. At the same time, branching out Vigor involves some risks. If a brand extension fails, it may harm consumer attitudes toward the existing products carrying the same brand name. Potential Retail Trade Since Company-owned stores accounted for about 20% of the manufacturing group sales, and the remaining sales were split 40:60 between specialty stores and department stores. It can be inferred that the sales proportion among these three outlets is 20: 32: 48 in manufacturing group.According to the sales information provided in Exhibit-6, the sales and corresponding proportions among different retailing terminals can be concluded as below: (For instance, in 2005, sales of Own store is $556*20%+$843=945. 2) Chart-2: (a) | 2005 (sales in millions)| 2006 (sales in millions)| 2007 (sales in millions)| Own Store| 945. 2| 921. 4| 913. 6| Specialty Store| 177. 92| 173. 44| 172. 16| D epartment Store| 266. 88| 260. 16| 258. 24| Total| 1390| 1355| 1344| Chart-2: (b) | 2005 (sales in pro)| 2006 (sales in pro)| 2007 (sales in pro)| Own Store| 68. 00%| 68. 0%| 67. 98%| Specialty Store| 12. 80%| 12. 80%| 12. 81%| Department Store| 19. 20%| 19. 20%| 19. 21%| Total| 100. 00%| 100. 00%| 100. 00%| As we can see from Chart-2 above, sales from Company Owned Store account most of the company sales. By integrating itself forward into retailing or the entire value chain, company could be able to reduce the time required of distribution, to take control of promotion and retail prices directly, and to provide more personal selling services to customers by professionally trained salesperson so as to better meet customer needs.On the other hand, multiple channels offer many advantages as well to companies facing large and complex markets. With each non-company owned store, the company expands its sales and market coverage and gains opportunities to tailor its products and services to the specific needs of diverse customer segments. But such multichannel systems are harder to control, and they generate conflict as more retailers compete for customers and sales. The current channels of different brands are exhibited in Chart-3: Chart-3: | Harrington Ltd. | Sopra| Christina Cole| Vigor|Price Range| $500-$1000 (Dsn)| $400-$800 (Brd)| $300-$700 (Brd)| $150-$250 (Btr)| Retailer| 70 Company Own; Specialty;Department| Specialty| 70 Company Own; Specialty;Department| The other 50 Company Own;Specialty;Department| 40% (50 stores) of the Company Owned Stores sell Vigor exclusively. One of the reasons might be that Vigor stands for a less traditional image and a new life-style relatively to the others. As a result, environment, decorations and even salesperson of stores selling Vigor would be specifically designed to meet the specific expectation of the customer positioned in that segment.Since we’ve decided to branch out Vigor to integrate active-wear line into it due to the similar value they represented, we should display active-wear together with existing Vigor brand with separated segments in order to deepen the assortment of Company Owned Stores and give customer psychological suggestions about the value it intends to present. Secondly, since specialty store carry a narrow product line with a deep assortment, active-wear provides a great opportunity to enrich the classifications of the store. Thirdly, upscale-department outlets might also find active-wear an appropriate supplement for their product line.Since consumers with relatively high income would like to give the stylish, active and more casual clothes a shot in the case that the clothes have to be made in good quality. As Harrington’s active-wear has differentiated itself with exceptional quality, features and services, which implies nothing related to the cheap prices. As a result, upscale-department would love to support this product line regardless its low price range . What’s more, Harrington could develop its channel into Superstores which indeed is a giant specialty store, since it might attract a larger group of people with various income statuses and self-positioning.Reaction of Competitors If active-wear with Vigor’s logo performs brilliant once it is introduced, it would attract lots of small competitors into the market. Since it’s a monopolistic competition market which allows a wide range of price and competitors could differentiate their products with various qualities, features, values and services, small companies who are not able to find themselves competitive in quality and creativity would be more likely to cut their price down to attract customers coming from a more price sensitive and less loyal segment compared with the segment targeted by Harrington.Although the price would be slightly higher than that of those small competitors, Harrington has gained strong customer relationship and its newly brought-in pr oduct targets both to loyal customers and to new customers who are less price sensitive and who’d like to pay more attention to quality and features. As a result, Harrington would successfully avoid competitions from its competitors. Demand and Profitability Analysis Start-Up Costs:| Start-up Costs Pants Plant| $1,200,000| Start-up Costs Hoodie and Tee-shirt Plant| $2,500,000| Equipment Pants Plant| $2,000,000|Equipment Hoodie and Tee- shirt Plant| $2,500,000| Launch-PR, Advertising| $2,000,000| Fixtures for Company Stores| $50,000*50| Total Start-up Costs| $10,200,000+$50,000*50| Annual Depreciated Start-up Costs| $2,540,000 (total start-up cost/5)| Annual Ongoing Operating Costs – Fixed:| Overhead Pants Plant| $3,000,000| Overhead Hoodie and Tee-shirt Plant| $3,500,000| Rent Pants Plant| $500,000| Rent Hoodie and Tee-shirt Plant| $500,000| Management/Support| $1,000,000| Advertising| $3,000,000| Total Fixed Operating Costs| $11,500,000|Direct Variable Costs:| Hoodie| Tee-shirt| Pants| Sew and Press| $3. 25*x| $2. 00*y| $2. 85*z| Cut| $1. 15*x| $0. 40*y| $0. 70*z| Other Variable Labor| $3. 20*x| $2. 40*y| $3. 05*z| Fabric| $9. 10*x| $2. 20*y| $7. 50*z| Findings| $3. 85*x| $0. 50*y| $2. 30*z| | $20. 55*x| $7. 50*y| $16. 40*z| Direct Variable Costs Translated into â€Å"Unit† Cost| Hoodie| Tee-shirt| Pants| | $20. 55| $7. 50| $16. 40| | *0. 5 (weight)| *1. 5 (weight)| *1 (weight)| | $10. 275| $11. 25| $16. 4| Indirect Variable Costs| Wholesale â€Å"unit† price| $100*50%*0. (weight)+$40*50%*1. 5 (weight)+$80*50%*1 (weight)=$95| Total variable costs as % of wholesale price| $(3+4+1+0. 7+0. 24+0. 15)%=9. 09%| Indirect variable costs per â€Å"unit†| $95*9. 09%=$8. 6355| Direct variable costs per â€Å"unit†| $10. 275+$11. 25+$16. 4=$37. 925| Indirect variable costs per â€Å"unit†| $8. 6355| Total variable costs per â€Å"unit†| $46. 5605| Contribution:| Wholesale price per â€Å"unit†| $95| Less tota l variable costs per â€Å"unit†| $46. 5605| Contribution per â€Å"unit†| $95-$46. 5605=$48. 4395| Breakeven:|Fixed annual costs (operating and depreciated start up) | $2,540,000+$11,500,000=$14,040,000| / Contribution per â€Å"unit†| $48. 4395| =Breakeven Units| 289,846 units| Profit Margin:| Revenue| $7,500,000*2*40%*7%*$95=420,000units*$95=$39,900,000| less fixed annual costs| $14,040,000| less total variable costs| $46. 5605*420,000units=19,555,452| Profit before tax| $6,304,548| Profit margin before tax| 15. 8009%| If Harrington could guarantee that there’ll be 289,846 units sold in the launch year, it won’t lose money.If market share of 7% â€Å"better† active-wear segment is accurately estimated, the breakeven point will be definitely met and the company will even earn a15. 80% profit margin. If the company decides to raise price in order to earn more on one unit in expense of losing part of its sales volume, consumers’ price elasticity would be extremely important for company to see whether the amount of money it makes more on one unit would cover the loss of volume decrease. Sometimes the price-demand curve slopes upward when it comes to prestige goods, but it is another case.