Finance simulation Research Paper Example | Topics and Well Written Essays - 500 words

Finance simulation - Research Paper Example Time and resources will be used meritoriously. Tapering the agency staff reduces cost and saves on premiums paid to the workers. Option 2 was originally used to repay the loan. The interest rate of the option is low (9.0%) and will thus allow EHC to have more funds. However, it was not the preeminent alternative since interests accrued and added onto the principal amount, and everything was to be recompensed after 6 months. Later option 1 was realized to be better since it resolved the cash flow problem and its compensation period was not limited. The US machine, X-ray, and CT scanner, all needed to be replaced. The organization decided to purchase a refurbished CT scanner since its productive life is high and can be upgraded upon its expiry. The X-ray machine was purchased through a capital lease since the machines productive life is 15 years that is comparatively high. The US machine was acquired through an operating lease since the option offers low installments payment, upgrading option, and lower upfront payment. Productivity of the assets was perceived to be more important than ownership. The HUD 242 proved to be better than all the other strategies and was, therefore, chosen. It offered a greater NPV. The simulation indicates that despite the higher insurance cost of HUD 242, the uncertainties associated with the investment are minimal and suitable for the project. A cost-benefit analysis further proved that HUD 242 was indeed appropriate. Tax-exempt bonds were incongruous since the funds were to be used within three years while the planned completion period of the expansion was four years. It could have left a big chunk of WIP (work in progress) (Aiken et al., 2002). All choices were potentially fatal. Management relies on the current available information and the knowledge, exposure, and experience of the

Performance and Talent Management Essay Example | Topics and Well Written Essays - 1250 words

Performance and Talent Management - Essay Example c. Incremental progression - academic staff – unless staff are have reached the maximum point for their salary level, they are eligible for incremental progression after a year’s tenure provided their performance is satisfactory. d. Study support, provision to be released from duties to pursue study and skills development programs that would enhance the capability of the academic staffs. II. Limitations While the remuneration package at UTS seems impressive, a close examination of the parameters of satisfaction of its academic staffs reveal that there are two areas that the university performance system scored dismal. The result of the of UTS academic staff satisfaction rate that can be considered dismal scoring below 50% are the career development opportunity dimesion at 42% and cross-unit cooperation, especially across different areas of UTS scoring a mere 42%. Interpreting this scores meant that UTS academic staff perceives their career development at UTS to be bleak and that they are uncooperative lacking the capacity to do teamwork. This can be considered as a curious case because the dismal figure of 42% in career development is already considered progressive as it already increased by 2% since 2009. This gives no reason to tap the management of UTS at the back because taking this figure objectively meant that it came from a a very negative base that a slight change is already considered an improvement. Cooperation is at 42% which surprisingly is 16% higher compared to other universities. This does not however mean that UTS should already congratulate itself because it still mean that UTS is underderperforming though it is not alarming compared to the career development opportunity dimension which can directly impact the academic staffs stay and performance in the university. Close investigation through the interview details of the survey revealed the reason behind the dismal career development perception of academic staff in UTS. It reveale d that the performance system of UTS is designed for minimum compliance and does not appeal to achievers. An excerpt of the interview revealed; (What kind of elements of UTS performance and development planning are you NOT happy with?) Our system does not mean anything if the performance is NOT poor. Just surface administrative system that in align with compliance. (Specific question) Do you think that UTS performance and development system are in align with UTS strategic goal and vision? Yes, they are on the system. But just focus on implementing. We think the systems is just showing what we should do minimally. From this statement, the dismal figure of UTS career development score is better understood that the academic staffs does not findt the UTS Performance System to be challenging enough to motivate them. Analysis To better understand the case, it has to be understood that UTS is an academe and the subject of analysis are the academic staff who are intellectuals whose jobs req uire cerebral work rather than manual labor. This is important to cite because the nature of work has bearing on performance system implemented that would motivate the workforce. Motivation is important because a motivated workforce â€Å"can handle a variety of assignments, work autonomously,

Law Relating to Payment and Trade Finance Essay

Law Relating to Payment and Trade Finance - Essay Example Hitherto, investors and other traders who wanted to do cross border or international trading (import and export) had to go through stringent bureaucracies and processes that killed the enthusiasm of most of such investors and traders. Today, the situation is quite different as a lot more people are gaining the interest to go into international trading. The need to make cross border trade and commerce as flexible as possible not withstanding, there are certain basic regulations that remain unchanged and would perhaps remain unchanged for a very long time. One of such regulations is the mode of international trade financing and payment. Though the processes are not as stressful as before, international traders are still required to follow basic international trade financing systems that are governed by law. This write-up therefore seeks to examine the role of some of the most common international trade financing and payment methods in addressing the currency global credit crisis. What is international trade finance and payment? Organisation such as the International Monetary Fund and World Trade Organisation have devised laid down procedures and structures that need to be followed whenever trade and business transactions have to take place across borders. Such trade that take place across borders are referred to as international trade whereas the funding or financing of all forms of products, good and services that are involved in such international trades are referred to as international trade finance or simply put, trade finance. According to the Business Money (2011), â€Å"Trade Finance is the science that describes the management of money, banking, credit, investments and assets for international trade transactions.† This means that the financing of trade across borders is just more than giving out monies for goods that one wants to buy. Rather it reaches an extent where the entire process is described as management. Instead of just giving out money t o pay for goods and products, one has to device means and follow processes that ensure that the money is managed by taking the payment process through a couple of processes, involving institutions such as banks and insurance. It is therefore in the right direction that the Investopedia (2009) notes that â€Å"trade finance looks at banks, credit agencies, insurers, forfaiters, and any other person or institution who enables importers and exporters to trade across borders.† Discussion on the present Global Credit Crisis Closely related to the issue of international trade finance is the availability and access to flexible credit. This is because as mentioned already, trade finance goes beyond paying money in hand to a company to including the involvement of institutions such as banks and insurances. This means that issues on credit plays an important role on the success of world trade finance. However, it is common knowledge that the world has in times past suffered and even to day suffers from credit crisis that is not limited to any one country but the world as a whole. Broadly speaking, when a particular nation suffers a breakdown with its credit system, we say credit crisis has hit that country but when the situation expands to include almost all nations of the world – especially the giants like America, China and Germany, we say that there is a global credit crisis. Greewood (2011) explains that global credit cri

French Mousse Research Paper Example | Topics and Well Written Essays - 2000 words

French Mousse - Research Paper Example The target market for French Mousse is the people in urban area who prefer to spend on food. The main strength of French mousse is its cost. It is moderately cheap to purchase and thus affordable by many consumers. The other strengths are its rich taste and easy availability. The French Mousse is delicate, fresh and wonderful dessert which is prepared with traditional French ingredients and it can be available at any gourmet restaurants and corner cafes. Customer will never be disappointed in finding French Mousse. The main weakness of French Mousse is its calorie. It is avoided by many young and aged people who are quite health conscious and don’t prefer food having calories. However, there are opportunities for French Mousse in the sense that, if the people of France accept it and the product becomes success in food market, then it can expand in other areas besides France. The biggest threat of French Mousse is the consumer spending on food. People of France had shown less i nterest in spending money on food and beverages, besides there is a probability that certain retailer can sell fake French Mousse in market. This can negatively affect the willingness to purchase French Mousse. Sales Promotion Advertising The advertising through television in France had shown good record. According to statistics of 2005, France spent total 1208.23 Euros for food advertising through television. Thus, advertising through television will be beneficial for French Mousse to promote their products because it is the most preferable advertising technique for food promotion. Advertising Media Television Newspaper Magazine Outdoor Radio Cinema Expenditure (Million Euros) 1208.23 12.37 113.5 21.68 61.83 2.58 Source: (EACA, â€Å"EU Advertising Spend Statistics†). Source: (EACA, â€Å"EU Advertising Spend Statistics†). The advertising for French Mousse will be shown on one popular channels of France which is â€Å"TF1†. TF1 possess the largest audience shar e in France which was accounted as 23.1% in 2011 (Mediametrie, â€Å"Mediamat Weekly†). For television advertising 30 second’s time will be purchased at 8 PM in TF1 at Sunday. The cost of one advertisement in TF1 is 550000 FFR. The advertisement of French Mousse will be shown once in a week for three weeks. Therefore, the budget for advertisement in TF1 channel will be 550000 ? 3 = 1650000 FFR = 369383 USD (approximately) (SBG Companies Limited, â€Å"Tf1 Had 52 Mln FFR Ad Receipts for World Cup Final†). Magazine & Newspaper The magazine contributes second highest portion for advertising in France. The French Mousse product will be shown on the monthly magazine of France for example in ‘France Magazine’. It can increase the awareness of the French Mousse. The reason for choosing this magazine is that it has good audience of about 75,000 readers. The cost for one advertisement in the â€Å"France Magazine† is 4500 USD. French Mousse will be sh own in this magazine for about 3 times in a year which will cost 4500 ? 3 = 13500 USD (Gaebler Ventures, â€Å"France Magazine - Magazine Advertising Costs†). Newspaper is another popular advertising media of France which can contribute to significant brand awareness. For advertising of French Mousse the â€Å"France-Amerique - NY – Newspaper† is chosen. The ad for French Mousse will be shown once in a week for four weeks. The cost for advertising is 23 USD per advertisement. So the budget for newspaper advertisement for French Mousse is calculated as 23 ? 4 = 92 USD (Gaebler Ventures, â€Å"France-Amerique - NY - Newspaper Advertising Costs†) Radio Advertising For advertising French Mousse radio will be used as third medium. The reason for choosing radio as promotional media is that it offers the opportunity to make big splash around an area. Since French Mousse will enter in France, thus the most cost effective method to promote French Mousse will be th rough radio. One radio station had been chosen for advertising in France which is France Inter. The estimated cost of radio advertising is estimated

Organizational behavior - interpersonal skills and managerial roles Essay

Organizational behavior - interpersonal skills and managerial roles - Essay Example The four functions of management are planning, organizing, leading, and controlling. Planning implies setting objectives and identifies the actions that must be performed to achieve the objectives (Schermerhorn, et al. 2003). Organizing involves dividing work structures into individual tasks and arranging the organizational resources to accomplish those tasks. Leading refers to the act of creating enthusiasm among the workers so that they work hard to accomplish tasks successfully (Schermerhorn, et al. 2003). Controlling is related to the act of monitoring the performance of the employees and taking corrective action whenever necessary. All the managerial functions are equally important. An important interpersonal skill that a manager must possess is good communication skills. The manager must be good at both written and verbal communication. He must use verbal communication to inspire and motivate the workers to achieve a higher level of performance. Employees that are properly motivated by the manager are more productive. A manager can motivate an employee by using intrinsic and extrinsic rewards. An example of an intrinsic reward is telling an employee he did a good job on a task, while an example of an extrinsic reward is offering a financial incentive such as a bonus. Managers must be good active listeners. â€Å"To listen means we not only understand what you have to say, we can practically apply your thought process back to you† (Nelson, 1995). They must have great writing skills because managers are required to write reports for the different stakeholders group of the company which includes lenders, suppliers, investors, employees, government, and the board of directors. Three essential skills that a manager must possess are technical skill, human skill, and emotional intelligence. Human skills refer to the ability to work well with

French Mousse Research Paper Example | Topics and Well Written Essays - 2000 words

French Mousse - Research Paper Example The target market for French Mousse is the people in urban area who prefer to spend on food. The main strength of French mousse is its cost. It is moderately cheap to purchase and thus affordable by many consumers. The other strengths are its rich taste and easy availability. The French Mousse is delicate, fresh and wonderful dessert which is prepared with traditional French ingredients and it can be available at any gourmet restaurants and corner cafes. Customer will never be disappointed in finding French Mousse. The main weakness of French Mousse is its calorie. It is avoided by many young and aged people who are quite health conscious and don’t prefer food having calories. However, there are opportunities for French Mousse in the sense that, if the people of France accept it and the product becomes success in food market, then it can expand in other areas besides France. The biggest threat of French Mousse is the consumer spending on food. People of France had shown less i nterest in spending money on food and beverages, besides there is a probability that certain retailer can sell fake French Mousse in market. This can negatively affect the willingness to purchase French Mousse. Sales Promotion Advertising The advertising through television in France had shown good record. According to statistics of 2005, France spent total 1208.23 Euros for food advertising through television. Thus, advertising through television will be beneficial for French Mousse to promote their products because it is the most preferable advertising technique for food promotion. Advertising Media Television Newspaper Magazine Outdoor Radio Cinema Expenditure (Million Euros) 1208.23 12.37 113.5 21.68 61.83 2.58 Source: (EACA, â€Å"EU Advertising Spend Statistics†). Source: (EACA, â€Å"EU Advertising Spend Statistics†). The advertising for French Mousse will be shown on one popular channels of France which is â€Å"TF1†. TF1 possess the largest audience shar e in France which was accounted as 23.1% in 2011 (Mediametrie, â€Å"Mediamat Weekly†). For television advertising 30 second’s time will be purchased at 8 PM in TF1 at Sunday. The cost of one advertisement in TF1 is 550000 FFR. The advertisement of French Mousse will be shown once in a week for three weeks. Therefore, the budget for advertisement in TF1 channel will be 550000 ? 3 = 1650000 FFR = 369383 USD (approximately) (SBG Companies Limited, â€Å"Tf1 Had 52 Mln FFR Ad Receipts for World Cup Final†). Magazine & Newspaper The magazine contributes second highest portion for advertising in France. The French Mousse product will be shown on the monthly magazine of France for example in ‘France Magazine’. It can increase the awareness of the French Mousse. The reason for choosing this magazine is that it has good audience of about 75,000 readers. The cost for one advertisement in the â€Å"France Magazine† is 4500 USD. French Mousse will be sh own in this magazine for about 3 times in a year which will cost 4500 ? 3 = 13500 USD (Gaebler Ventures, â€Å"France Magazine - Magazine Advertising Costs†). Newspaper is another popular advertising media of France which can contribute to significant brand awareness. For advertising of French Mousse the â€Å"France-Amerique - NY – Newspaper† is chosen. The ad for French Mousse will be shown once in a week for four weeks. The cost for advertising is 23 USD per advertisement. So the budget for newspaper advertisement for French Mousse is calculated as 23 ? 4 = 92 USD (Gaebler Ventures, â€Å"France-Amerique - NY - Newspaper Advertising Costs†) Radio Advertising For advertising French Mousse radio will be used as third medium. The reason for choosing radio as promotional media is that it offers the opportunity to make big splash around an area. Since French Mousse will enter in France, thus the most cost effective method to promote French Mousse will be th rough radio. One radio station had been chosen for advertising in France which is France Inter. The estimated cost of radio advertising is estimated

Socialist Critique of Capitalism Essay Example | Topics and Well Written Essays - 1000 words

Socialist Critique of Capitalism - Essay Example Furthermore, socialism argues for the collective ownership of the means of production as this prioritizes the common good against individualistic advantage (A Brief Introduction to Socialism from a Non-Marxist, Democratic Libertarian Perspective, n.d.). One can easily recognize that the socialist argument subordinates individual advantage to collective good as this, it is assumed, will overshadow the inherent selfishness of man. Marx was triumphant in his critique against capitalism (Manifesto of the Communist Party, 1847) which was strongly manifested after the 1950s; nations of the Soviet Union, China, Cuba, and Eastern Europe were aptly persuaded to overthrow their existing mode of production and replace it with Marx's communism/socialism that promises a classless society which was rather Utopian at the time and until now. Marx fittingly made use of theories of human nature to cogently deliver his denigration against capitalism. However, Marx did not directly use the term "human nature" but instead applied another concept which was "species-being" or "species-essence". This conception of Marx in relation to human nature was borrowed from the philosophy of Ludwig Feuerbach which submits to both specific human nature and the entire humanity. Marx translated this philosophy as a treatise that declares humans as conscious actors in the unfolding of history and nature itself. In the year 1845, Marx inscribed to the world his belief that the human essence cannot be found in a particular individual but in his association with the larger social relations which he belongs. Logically, this statement points to the insight that the human essence is a fluid concept which is hardwired on the total structure of social relations borne out from a society. He then goes on to assert that the fundamental essence of humans as individuals enmeshed in a particular mode of production is their labor. One of the primary arguments of Marx was that humans are distinguished through their behavior toward production and that this economic activity is their soul. Yet, he did not entirely described "labor" as a perfectly embedded human essence but one that is also the source of oppression, alienation, and private property. He ardently argued that in communism "labor" is an unnecessary human activity and an abhorrent fraction of the material state of societies; whereas in capitalism labor represents the material ex igencies of the few owners of production and the workers themselves were merely caricatures of torment, suffering, and hard work. Moreover, Marx alleged that productive activities which are vital to human nature are only gratifying if executed freely. Under the pretext of capitalism, labor is nothing but a tool of dehumanization and isolation for the providers of the valuable labor. Furthermore, labor performed in capitalism invariably produces alienation of the workers from their own produce. Marx (1932), in his article on historical materialism, used the allegory of a carpenter working on a chair. A carpenter who successfully accomplished an entire chair is more self-fulfilled than the carpenter who only took fractions of work to complete an entire chair. Marx related labor with self-identity thus claiming that in capitalism which is characterized by