Friday, January 31, 2020
The general conditions of the body or mind Essay Example for Free
The general conditions of the body or mind Essay If my interviewer doesnt the right amount, she is certainly to be in danger. She is already very skinny, and eats lots of junk food. She says she doesnt like to eat lots of healthy stuffs because since she was little, she has been brought up to eating junk food and the though of eating healthy all the time, puts her off, and she says she cant stand vegetables. Its very hard for her. She needs to eat all of the above in order to say healthy and from not getting disease or cancers. There are lots of sort of infections, viruses, diseases or illness that can happen if one doesnt eat the type of food in their diet. Environment: Everyone needs a good environment. If she doesnt have a nice and clean environment, then she also has to have an unhealthy way of living and life. In order to have a happy, healthy and well being environment we need to have clean water and air, proper waste disposal facilities (toilets) and good housing qualities. Other environment factors that affect well being are, where we live, how much money we get (if we have a job) and the sort of job that we have. If we dont have a proper disposal facility, it will lead to all sort of uncomfortable infections and diseases. Housing: Everyone needs to have a good house in order to stay clean, healthy etc. If the house is overcrowded, damp, no central heating or poor disposal facilities, we do not have a good house. In may cause illness to people. Cold and damped houses can give people asthma, bronchitis, and arthritis. If the house is overcrowded it can lead to infections like tuberculosis and dysentery. It also depends on where a person lives, if they live in the countryside or somewhere isolated, they can be depressed often and have a bad self-esteem. Education: This is very important. It affects a persons outlook on life, they way they treat people (their manners), how they look, their health and well-being. With a good education, it can get you a good job or occupation. Good education has a positive impact on the life chances and the health outcomes to an individual. If people want a good job, good house, good everything, they have to work for it, by getting good grades and achieving to their highest standard. Employment: Having a good job and sort of job you have is very important. It needs to be a job you like doing. If it isnt then it wont be very fun and you might depress. If you have a good education, you will have a good job. An employed person uses the skills, knowledge and expertise which the person has already gained and has the opportunity to acquire new skills. It also gives you the opportunity to explore the outer world and get new friends, or learning new things in life. Work gives you confidence and self-esteem. People respect you and your ideas. And the better the job the better the money to keep you or the family happy and healthy. Some people need a job desperately, in order to buy food or to stay alive. Rest and Sleep: When you are young, you need a lot of sleep and rest. This gives the heart and body time to relax and not to be stressed out and working. If you deprive sleep, you lose lots of energy and have a quick and high temper, like you want everything to go your way. Mistakes can occur a lot, because when you are tired, you cant concentrate. You also loose attention to your surrounding and you seem to be dreaming a la la land. You also seem to have a few minutes ever time you see that the coast is clear, then wake up, feeling more tired. You also feel confused, because you are paying more attention to seeing yourself in a nice and warm bed and listen9ing to what other people say. And you have difficulty seeing and hearing. This is important, especially for a teenager because we need the sleep after a long time in school, and after being stressed out and tired. It helps us concentrate more in class. Friends: We all have and need friends. They are their top support and love us back. They are there to listen and help during problems. Choosing your friends can be very hard, when you move into a new area, you talk to who ever talks to you. Having bad friends, can influence you into the bad things in life and they some how always encourage you into doing the bad things, like not studying for an important test, stealing or having attitude problems. It also depend in the environment, if you live in a bad environment there is likely to be rough and troubling making groups.
Thursday, January 23, 2020
The Problem of Global Warming Essay -- Greenhouse Effect Climate Chan
The Problem of Global Warming Imagine you are placed into the future. The year is 2100. You begin to live in this new world. You hear about huge storms over much of the USA that cause severe damage and flooding. San Francisco, New York City, New Orleans, Seattle, and Miami all experience major flooding from the ocean level having risen so high. Thousands and thousands of people perish each summer across the USA aloneââ¬âhundreds die in Chicago as the temperature soars to 100 for 2 weeks straight. No, this isnââ¬â¢t total fantasy. These events all could occur. All of them could result from one thingââ¬âglobal warming. Global warming is a huge problem with many consequences that people donââ¬â¢t realize could occur. If we work together, though, we can stop them from happening. In this essay, Iââ¬â¢ll tell you about global warming, its causes, and what we can do to help stop it. First, global warming is fairly new--the talk of this problem is fairly recent, and so is the problem itself. For example, according to ââ¬Å"Why Files,â⬠from the University of Wisconsin website, ââ¬Å"the global warming debate first heated up in the late 1980ââ¬â¢s.â⬠When you look at the attached graph, from ââ¬Å"Meteorology Today,â⬠you can see that temperatures have simply soared in the past century, especially in the last 25-30 years. Due to dramatic increasing, global warming has become a very large problem as of the last few years. Temperatures have really increased. According to NOAA, the second warmest year on record in the world was 2001. In a ââ¬Å"Why Filesâ⬠report on global warming, it is said that ââ¬Å"the 10 warmest years in the 150-year history of recorded temperatures have all occurred since 1983.â⬠This means that 10 of the last 21 years have been in the list of the top 10 warmest years since record keeping began. So as you can see, the world is heating up. In the Europe heat wave of 2003, London reaches 100 degrees Fahrenheit for the first time EVER, and in France alone, nearly 30,000 people died. And recently in Antarctica, grass was actually seen! According to the Green Car Congress website, ââ¬Å"scientists have reported that broad areas of grass are now forming turf where there were once ice-sheets and glaciers.â⬠Never before was grass seen there Now, where are all of these s izzling temperatures coming from? In other words, why is the world warming? Global warming is occurring because of the EXPANS... ...son canââ¬â¢t stop global warmingââ¬âwe need to group together as a whole to try to help prevent it. The more people informed about global warming, the better. Now you understand about global warming, tis causes, its harmful effects, and what we can do to help stop it. I encourage you to join me by informing people about global warming, and trying to help put a stop to it. Works Cited ââ¬Å"Heating Season.â⬠The Why Files. Ahrens, Donald C. ââ¬Å"Climate Change.â⬠Meteorology Today. Keith Dodson. Pacific Grove. Brooks/Cole, 2003. 520-544 ââ¬Å"Grass Growingâ⬠¦In Antarctica.â⬠Green Car Congress. ââ¬Å"Global Warming-Frequently Asked Questions.â⬠National Oceanic and Atmospheric Administration. ââ¬Å"Tropical Deforestation-Deforestation and the Global Carbon Cycle.â⬠NASA Earth Observatory. ââ¬Å"Global Warming-Emissions-Individual.â⬠U.S. Environmental Protection Agency. ââ¬Å"Causes of Global Warming.â⬠EcoBridge. ââ¬Å"Global Warming-Potential Effects of Global Warming.â⬠NASA Earth Observatory. ââ¬Å"Consequences of Global Warming.â⬠Natural Resources Defense Council. ââ¬Å"Heat Waves and Climate Change: Fact Sheet.â⬠Harvard Medicine. ââ¬Å"How to Fight Global Warming.â⬠Natural Resources Defense Council.
Wednesday, January 15, 2020
Marriott Corporation: The Cost of Capital
In April 1988, Dan Cohrs, vice president of project finance at the Marriott Corporation, was preparing his annual recommendations for the hurdle rates at each of the firm's three divisions. Investment projects at Marriott were selected by discounting the appropriate cash flows by the appropriate hurdle rate for each division. In 1987, Marriott's sales grew by 24% and its return on equity stood at 22%. Sales and earnings per share had doubled over the previous four years, and the operating strategy was aimed at continuing this trend. Marriott's 1987 annual report stated: We intend to remain a premier growth company. This means aggressively developing appropriate opportunities within our chosen lines of businessââ¬âlodging, contract services, and related businesses. In each of these areas our goal is to be the preferred employer, the preferred provider, and the most profitable company. Mr. Cohrs recognized that the divisional hurdle rates at Marriott would have a significant effect on the firm's financial and operating strategies. As a rule of thumb, increasing the hurdle rate by 1% (for example, from 12% to 12. 12%), decreases the present value of project inflows by 1%. Because costs remained roughly fixed, these changes in the value of inflows translated into changes in the net present value of projects . Figure A shows the substantial effect of hurdle rates on the anticipated net present value of projects. If hurdle rates were to increase, Marriott's growth would be reduced as once profitable projects no longer met the hurdle rates. Alternatively, if hurdle rates decreased, Marriott's growth would accelerate. Marriott also considered using the hurdle rates to determine incentive compensation. Annual incentive compensation constituted a significant portion of total compensation, ranging from 30% to 50% of base pay. Criteria for bonus awards depended on specific job responsibilities but often included the earnings level, the ability of managers to meet budgets, and overall corporate performance. There was some interest, however, in basing the incentive compensation, in part, on a comparison of the divisional return on net assets and the market-based divisional hurdle rate. The compensation plan would then reflect hurdle rates, making managers more sensitive to Marriott's financial strategy and capital market conditions. Professor Richard Ruback prepared this case as the basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Copyright à © 1998 by the President and Fellows of Harvard College. To order copies or request permission to reproduce materials, call 1-800-545-7685, write Harvard Business School Publishing, Boston, MA 02163, or go to http://www. hbsp. harvard. edu. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any meansââ¬âelectronic, mechanical, photocopying, recording, or otherwiseââ¬âwithout the permi ssion of Harvard Business School. Marriott Corporation: the Cost of Capital 1. How does Marriott use its estimate of its cost of capital? Does this make sense? Marriott has defined a clear financial strategy containing four elements. To determine the cost of capital, which also acted as hurdle rate for investment decision, cost of capital estimates were generated from each of the three business divisions; lodging, contract services and restaurants. Each division estimates its cost of capital based on: Debt Capacity Cost of Debt Cost of EquityAll of the above are calculated individually for each of the three divisions, and this is a critical aspect due to the varying cost of debt in particular for each division. Marriott then calculate company wide cost of capital using weighted average of the individual divisions cost of capital. This is a very clever approach, particularly as we see that for example the lodging unit, has a 74% debt percentage in the capital structure, and the fact that Marriott use long term cost of debt for lodging (which in this case is c lose to Government debt 110 bps margin) demonstrates the low risk investors perceive this side of the business to haveWe believe this approach is sound due to the difference in the cost of capital between the divisions being a function of the risk associated with the investments considered so this approach incorporates the fact that risk between the divisions varies. Given this we believe the method chosen by Marriott is compliant with the ââ¬Å"Marriott Financial Strategyâ⬠as the capital costing approach is due diligent and reflect the single entity risk (bottom-up) rather than an estimated top-down.We believe this approach enables Marriott to optimize the financial performance and in turn increase the shareholder value. 2. If Marriott used a single corporate hurdle rate for evaluating investment opportunities in each of its lines of business, what would happen to the company over time? Marriott's three divisions are very different in terms of business area, business risk an d capital structure (debt capacity). The result is varying capital costs between the divisions. For instance Lodging has a significant lower cost of capital (WACC) than the Restaurant and even than the company as a whole.Using a single company-wide hurdle rate would create an uneven process in assessing investment opportunities across the divisions. In practical terms the accept/reject decision would not reflect the inherent business risk of the division, which could lead to investments being accepted, while they should have been rejected. Given the WACC calculations in the following questions, we see there is a significant difference in the cost of capital between the different divisions varying from 8. 85% (Lodging) to 12. 11% (Restaurants)Therefore, if we were to use one single corporate hurdle rate, we would assume in this instance that we would use the Marriott WACC of 10. 01%, then we may reject an investment in ââ¬ËLodgingââ¬â¢ which would yield a positive NPV and vice versa, we may accept an investment opportunities in ââ¬ËRestaurantsââ¬â¢ which potentially would yield a negative NPV. Going back to the brief, we know that typically an increase in hurdle rate of 1% will decrease present value of project inflows by 1%. If we were to then use one hurdle rate (10. 1%) and take the lodging hurdle rate (8. 85%) this would be an increase in WACC of 13. 10% (lodging) and would therefore decrease PV of project inflows by the same 13. 10% ââ¬â so the effect of using a single rate is compounded, firstly it impacts the decision, and the PV due to the discount impact. Over time a single hurdle rate (if consistently higher than the existing approach) would significantly hurt the performance of company as the approach could lead Marriott to reject (or accept) investment opportunities which should have been accepted (or rejected).This would destroy shareholder value. 3. What is Marriottââ¬â¢s Weighted Average Cost of Capital? What types of investmen ts would you value using Marriottââ¬â¢s WACC? To calculate Marriottââ¬â¢s WACC, we need to assess three factors 1) Capital structure, 2) Cost of debt, 3) Cost of Equity. As the corporate tax rate is given we will not manually calculate it. If required we would have used the financial statement in appendix 1 to do so.After having calculated the three factors mentioned above we employ the following formula to find WACC: WACC = (1-t)*rD*(D/V) + rE*(E/V) where Re = After tax cost of equity, Rd = pre tax cost of debt, E = market value of the firm's equity, D = market value of the firm's debt, V = E + D = firm value, E/V = percentage of financing that is equity, D/V = percentage of financing that is debt and t = corporate tax rate. 1) Capital Structure We find the capital structure in Table A on page 4 in the case. As the ââ¬Å"debt percentage in capitalâ⬠ââ¬â D/V in the WACC formula ââ¬â is given we find the equity percentage in capital (E/V) as: E/V= 1 ââ¬â D/V. Using this we see Marriott is funded using 60% debt and 40% equity. We do realize the data in Table A is the target-leverage ratio, but we are comfortable using the target capital structure for this purpose instead of the current capital structure. 2) Cost of Debt The cost of debt is mathematically defined as Cost of Debt = (1-t) rD, where rD is the rate for pretax cost of debt and (1-t) represents the tax shield via the corporate tax rate. In the following rD is calculated, while the tax shield is not included until the final WACC calculation.Marriottââ¬â¢s debt was divided into two different segments; floating rate and fixed rate. 40% of Marriottââ¬â¢s debt was floating rate where the interest rate payment changes with changes in the market interest rates, while 60% was fixed rate. The case gives a ââ¬Å"debt rate premium above governmentâ⬠, but information about term structure or other features of the floating debt are limited. We believe the correct way to estimate t he cost of debt is to estimate the cost per debt type/segment and then in a second step weigh the costs using the debt structure.To do this we estimate that the floating debt rate is best estimated using the 1yr government rate in Table B ââ¬â for the reason that we do not have any shorter term data or average, and this most closely would represent floating. While for the fixed debt portion we have selected the 10yr government rate. Again, this is due to a mix of long term and shorter term fixed debit. This is the best assumption we can take using the data provided. Given the above the cost of debt of Marriott is: [Average((1yr Gov. ate)*(Floating debt fraction) + (10yr Gov. rate)*(Fixed Debt Fraction)) + ââ¬Å"Debt Rate Premium Above Governmentâ⬠] [Average((6. 90%)(40%) + (8. 72%)(60%)) +1. 30%] = 9. 29% 3) Cost of Equity Cost of Equity is found using the Capital Asset Pricing Model (CAPM) or rE = RF+ ? i(E[RM] ââ¬â RF), Where rF is the risk free rate we estimated ear lier, ? is the systematic risk or the overall risk factor and (E[RM] ââ¬â RF) is the ââ¬Ëprice of riskââ¬â¢ or ââ¬Ëmarket risk premiumââ¬â¢ (MRP) investors expect over and above what the risk free securities yield.To be consistent in selecting expected market return and the risk free rate, we have selected to use the same time period for both estimates. Using Exhibit 4 and 5 we find the appropriate data. We take the longest time period available as we believe this is the conservative method as outliers in the data is crowded out due to the law of large numbers, which increases the empirical probability of accuracy. Given this we have selected 1926-87 average returns of the long-term U. S government bond as the risk free rate (RF) thus RF is 4. 58%. (Exhibit 4).The MRP is estimated using Exhibit 5, where we use the S excess return over the long term U. S government bond over the same time period as the risk premium (E[RM] ââ¬â RF) = MRP = 7. 43%. S is chosen as th e ââ¬Å"market returnâ⬠as the stock index represents a wide and diversified range of equity across different sectors and industries. Given this we believe it is fair to use the S excess return over the risk free rate as the market risk premium (MRP) To find the ? we need to adjust the equity ? given in Exhibit 3 as it reflects the current capital structure and not the target structure.To re-calculate in order for the ? to reflect the Marriott target capital structure, we first calculate the unleveraged ? and then re-leverage it with the target capital structure. The unleveraged ? is calculated using: Unlevered ? = Equity ? / (1 + (1 ââ¬â t) x (Debt/Equity)). As all data is given in Exhibit 3, we find unleveraged ? = 0. 7610. (See detailed calculations in excel sheet under tab ââ¬Å"Exhibit 3â⬠). To re-leverage the data we re-write the formula: Equity ? = Unlevered ? * (1 + (1 ââ¬â Tc) x (Debt/Equity)) = 0. 7610 *(1+(1-34%)*(60%/(1-60%)) = 1. 514.We now have all the data need to calculate the cost of equity: rE = RF + ? (E[RM] ââ¬â RF ) 4. 58%+ 1. 514(7. 43) =15. 83%. Finally we find WACC by employing the formula: WACC = E/V ? rE + D/V ? rD ? (1 ââ¬â t) 40%*15. 83% + 60% *(9. 29%(1-34%)) = 10. 01%. Please find all detailed calculations in the attracted excel sheet under tab ââ¬Å"Table Aâ⬠. We would value an investment of similar risk, which would offer us a return higher than the WACC of 10. 01%, as anything over and above this in terms of return would be adding value as the present value of the future cash flows in that case would be positive.In otherwords, we could use WACC as our discount rate and hurdle rate to calculate NPV of potential investment projects of physical asset, where it is expected the financing will be similar to the financing of the company conducting the investment. 4. What is the cost of capital for the lodging and restaurant divisions? The WACC calculation methodology is the same for the divisions as t he calculations under question 3. However the inputs are changed to mirror the attributes and characteristics of the divisions.Please also see excel spreadsheet included within this submission for breakdown of the calculations. Lodging: Cost of debt: For the calculations of the fixed rate debt, we are using the 30 year government bond rate instead of the 10 year. This is a reflection of the comments in the case about the longer durability of the asset and longer financing. For the floating leg of the debt, we continue to use the 1 year government bond rate. rD = Average((1year US (Table B)*Fraction of Floating Debt + 30 Year US*Fraction of Fixed Debt) + 1. 10% rD = Average((6. 90%*50% + 8. 5%*50%) + 1. 10% = 9. 03% Cost of equity: To be consistent we opt for the long-term securities and long-dated data just as we did when calculation the cost of equity in question 3. As for the ? we use the peer group as presented in Exhibit 3. Hence to find the unleveraged beta, we take the average of the equity ? s of the peer group the average debt/equity ratio. After having calculated the unleveraged ? , we re-leverage using the target capital structure of the lodging division. We realize the limitations of using comparable companies to estimate the ? nd understand the criticality of defining the right peer group of comparable companies. We could most likely have increased the accuracy of our calculations by being more due diligent in the selection to find companies that were a closer match to the Lodging (and restaurant) division. However, for the purpose of the calculations in this case, we use the peer group defined in the exhibit. Restaurants: Cost of debt: For the calculations of the fixed rate debt the 10 year government bond is used. rD = Average((1year US (Table B)*Fraction of Floating Debt + 10 Year US*Fraction of Fixed Debt) + 1. 10% D = Average((6. 90%*25% + 8. 72%*75%) + 1. 10% = 10. 07% Cost of equity: To reflect the shorter nature of the assets in the restaur ant business division, we use short-term securities to estimate the risk free rate and the risk premium. We use the same method for estimating ? as we did for the Lodging calculations. Using the data described above, we find WACCLodging to be 8. 85% and WACCRestaurants to be 12. 11%. These findings support the notion that incorporating debt will lower the cost of capital due to the tax shield. Lodging has a debt/equity ratio of 74/26 against the 42/58 in the restaurant division. See detailed calculations in the attached excel sheet) We would also like to point out that of the restaurants given in the brief, many of these would in essence not necessarily be our peer group per se and we would be more selective over the restaurants we would selected to more closely mirror Marriottââ¬â¢s restaurants. With our aim to ensure we have the closest peer group possible for comparison. 5. What is the cost of capital for Marriottââ¬â¢s contract services division? How can you estimate its e quity cost without publicly traded comparable companies?We use the same framework as for the WACC calculations under Q3 and Q4. However, as we do not have a defined ? for the Contract Service division or an adequate peer group, we will estimate the ? using the existing data for Marriott and the two divisions. We know from the literature that a (holding) companyââ¬â¢s ? is the weighted ? ââ¬â¢s of the individual business divisions. We use the revenue as the catalyst for the weighing of the ?. For the purpose of the calculations we use the unleveraged ? ââ¬â¢s. Mathematical this can be expressed as: ?(Marriott) = Revenue Weight (Lodging)* ? Lodging) + Revenue Weight (Contract Division)* ? (Contract Division) + Revenue Weight (Restaurants)*? (Restaurants). To find the ? (Contract Division) we re-write the formula to: ?(Contract Division) = [? (Marriott) ââ¬â Revenue Weight (Lodging)* ? (Lodging) ââ¬â Revenue Weight (Restaurants)*? (Restaurants)]/ Revenue Weight (Contra ct Division) ?(Contract Division) = [0. 7610 ââ¬â 40. 99%*0. 5841 ââ¬â 13. 49%*1. 0014]/45. 52% = 0. 8490 Adjusting for the target capital structure we find ? (Contract Division) equals 1. 223 Using this data, we find WACC for the Contract Service division to be 10. 82%.
Tuesday, January 7, 2020
Government Driven Economics And Its Effect On National...
Authoritarianism can coexist with liberal markets, and is in fact the best way to ensure the well being of the people of a country. In Iran, state driven economics have had a negative effect on our national economy, and a transition to a more market based economy is essential. This is evident from both culturalist and structuralist viewpoints. Culturalist theory assumes that the culture of a society holds the most power, and the societyââ¬â¢s structure is critical. Ideology and ideas are most influential in persuading members to act. In Iran, we have a culture of deference to our leaders which mainly stems from the preeminence of Shiaââ¬â¢ Islam. Shiââ¬â¢ism holds clerics in high esteem, as they are thought to be substitutes for the Twelfth Imam and are therefore capable of translating Godââ¬â¢s word for his followers. Although this might appear to indicate that Iran is more culturally suited for a state led economy, the opposite is true. The leader of the Iranian Revolut ion, Ayatollah Khomeini, as well as the vast majority of clerics in Iran, espoused privatization and the importance of property rights. An adherence to their teachings, therefore, would require Iran to move away from state centered economics and embrace a liberal market. This would also support the ideals of the Islamic Revolution, which include equality, justice, and support for the oppressed. Liberal economics are the best way to ensure economic stability for all citizens of Iran, and so would fulfill this ideology.Show MoreRelatedTariff and Non-Tariff Barriers882 Words à |à 4 PagesInternational Trade is the branch of economics concerned with the exchange of goods and services with foreign countries. In the context of globalization, International trade has become an even more important topic now that so many countries have begun to move from state-run to market-driven economies. Tariff and non-tariff barriers play a large part in this process. 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Sunday, December 29, 2019
The Walt Disney Company as an Internet Pioneer Essay
The Walt Disney Company as an Internet Pioneer There are many factors that contribute to an organizations success, or downfall. Identifying these factors and the role each of them has on the four functions of management should help the organization be more successful. Three factors that may impact an organization may be E-business, technology, and/or diversity. There are many organizations in the world today, though few have been as successful as the Walt Disney Corporation. Disney is one of the most famous names in the animation industry, known for providing entertainment directed to adults and children alike; with international theme parks and a world-class animation studio and business franchise, the company nearlyâ⬠¦show more contentâ⬠¦Things like shopping carts, shipping, payment options, security, search engines, and managing the content. Knowing how these things function and ways to improve upon them will reduce later frustrations. Disney must also stay update on the latest technology, and what their competitors are offering. E-commerce and the Internet have changed the way people do business, and with Disney?s careful planning they have evolved successfully with this change. Technology is also a factor in how successful a company will be, and Disney must sure to stay up-to-date with technological advances. ?The mission of The Walt Disney Company is to be one of the world?s leading producers and providers of entertainment and information. Using our portfolio of brands to differentiate our content, services and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world.?(http://www.disney.com) The Walt Disney Company is an Internet pioneer. The planning stage that Disney uses is very well organized in a way that allowed them to launch two of the worlds first major, branded consumer Web sites, ESPN.com and Disney.com, in 1995. Some of the many technology firsts Walt Disney Incorporated Group (WDIG) has achieved include: * First Web property to serve over one million pages in its first year (1995) *Show MoreRelatedDisney Case Analysis896 Words à |à 4 PagesCase Title: Disney Case Analysis 1. Who are the main players (name and positions)? (5 pts.) Walt Disney-Founder of Disney Michael Eisner- became Chairman and CEO of The Walt Disney Company in 1984, known for transforming Disney into industry leader. He stepped down as CEO in 2005. 2. What business(es) and industry or industries is the company in? (5 pts.) Disney is in the entertainment , media, computer software, consumer products manufacturing, and leisure industries. It is one of the largestRead MoreWalt Disney Media Conglomerate Analysis2632 Words à |à 11 PagesWalt Disney: Media Introduction/Random Information The Walt Disney Company is the worldââ¬â¢s largest media conglomerate. The company has the ability to be a successful conglomerate due to its Board of Directors, content theme of quality, as well as customer ordination in all its operating segments. The company has television holdings in ABC and ten other broadcasting stations, as well as cable networks including; ABC Family, Aamp;E (37%), and ESPN (80%). Each of these divisions that Disney owns andRead MoreMarketing Audit5819 Words à |à 24 PagesWalt Disney Corporation Marketing Audit Max McKay Sabrina Coady Henrik Oiseth Principles of Marketing 308 Professor Simpson November 14, 2006 Walt Disney Corporation Founded in 1923, the Walt Disney Company has predicated itself as the worldââ¬â¢s best in the family entertainment business. After 80 years in the business, who could argue with that statement? Today, Walt Disney Corporation dominates the market of family entertainment. An unparalleled experience is the direct affectRead MoreThe Walt Disney Company Report15335 Words à |à 62 PagesCompany Research Paper The Walt Disney Company Pranay Kumar George Batah Shuxian Shen Sheng Hao Koo ââ¬Å"We have complied with university honor code in completion of this assignment and I attest that this work is ours and ours alone.â⬠Professor Suzanne Weiss Contents 1. Executive Summary 2. Company Background 3. Management 4. Situation Analysis 5. Ethics and Responsibility 6. Human Resource 7. Globalization 8. Operation and Production Read MoreDisneyland Paris, An Amusement Park2056 Words à |à 9 Pagesand in this case for visitors to visit a place like Disneyland Paris, an amusement park. Following the success of Walt Disney World in Florida, the European version of it; Disneyland Paris, originally Euro Disney, launched on April 12 1992 in Marnne-la-Vallee a town located 32 km east of the center of Paris. It is operated by the Euro Disney S.C.A company and under the theme of Walt Disney heroes like Mickey and Minnie, Disneyland Paris in an amusement theme park, the biggest in France and the mostRead MoreDisneyland Hong Kong8209 Words à |à 33 PagesDisneyland (Disney HK) is owned by Hong Kong International Theme Parks Limited, a joint venture company with 57 percent shares from the Hong Kong Government and 43 percent shares from the Walt Disney Company. One of the key reasons Disney HK was constructed is to create new jobs for both within Disney and through other employment opportu nities and was also estimated to generate economic benefits for Hong Kong. This report would include a comprehensive analysis of the company, Disney HK. It aims toRead MoreThe Experience Economy On The Hospitality Industry1458 Words à |à 6 Pagesin 1999, the concept of the Experience Economy has already existed in some extablishments to gain a large and growing customer base. The Hospitality Industry is an example of this. ââ¬Å"For example, on July 17th, 1955, the pioneer of the Experience Economy, as Pine calls him, Walt Disney supervised the opening of the first DisneyLand in the World in California.â⬠(PineGilmore, 2014) Customers paid an admission fee to go in to the theme park to creat memories, and thus, receive a good experience. A reasonRead MoreTechnology And Corporate Culture : Hewlett Packard3351 Words à |à 14 Pagesa technology company together, although they went their separate ways after graduation they eventually re-united. The partnership, Hewlett-Packard, began in a rented garage, 12 by 18 feet, located in Palo Alto, California. With $538 in US Capital, in this small space, proto types were produced such as a diathermy machine, and an electric eye for automatic toilet flushing. This geographical location was largely agricultural with orchards and farms, but the huge success of their company transformedRead MoreEssay11356 Words à |à 46 Pagesï » ¿ Challenges at Time Warner1 HEADLINE In January 2003, AOL Time Warner, Inc., announced that it would be posting a loss of $98.7 billion for the year ended December 31, 2002, the largest corporate loss in U.S. history. While company exec- utives described the loss as a result of accounting changes rather than problems with ongoing opera- tions, the media conglomerate clearly faced significant challenges. The stock price closed the month of January at $11.66, down from $71 in January 2000, whenRead MoreStarbucks Company Analysis9593 Words à |à 39 Pagesoption of different flavorings (MSNBC, 2007). Starbucks believes that their customers choose among retailers on the basis of product quality, convenience, and service. The entrance of McDonaldââ¬â¢s in the market could have a significant impact on the company as well as the industry overall because industry watchers say that the drinks at McDonaldââ¬â¢s cost about 50 cents less than those at Starbucks and similar competitors (MSNBC). The demographic environment within the coffee industry is comprised
Saturday, December 21, 2019
Reading Is The Way Up And Out And Into A Better Life For...
Books will remain an area that every high schooler hates and every professor loves. Many suggest that reading is nerdy or not social, which makes no sense because in philosophy reading is a key to understanding a certain subject matter. One will not go anywhere in life if reading is not there. Children in rural or third world countries would love to learn to read and write. It is one of mankindââ¬â¢s biggest challenges. The ability to read is the way up and out and into a better life for these poor children. Reading allows the mind to open up to new ideas or thoughts that other activities cannot match, especially watching television or playing video games. I would love to say I have read a lot, but I do not. It is difficult because I have ââ¬Å"monkey mind,â⬠where I cannot concentrate on the certain text without having a random thought race through my mind. It will most likely get worse and that is all due to the technology that is flying out to the ever distracted society . It is often told that the Bible is the most stolen book in the world. It is ironic when there is a commandant that says thou stall not steal. The Bible is also always under a microscope, challenged, and even hated. As of 2013, there are around 6,001,500,000 bibles printed (statistic brain). More than 2,100 different languages have at least one book of the bible printed in that specific language and just in the United States alone, 168,000 bibles are sold or passed out each day. In fact, the Bible would alwaysShow MoreRelatedReading Is The Way Up And Out And Into A Better Life For These Poor Children906 Words à |à 4 PagesIt is portrayed that reading is nerdy or not social, which makes no sense because in philosophy, reading is a key to understanding a certain subject matter. One will not go anywhere in life if reading is not there. Children in rural or third world countries would love to learn to read and write. It is one of mankindââ¬â¢s biggest challenges it faces in 2015. The ability to read is the way up and out and into a better life for these poor children. Reading allows the mind to open up to new ideas or thoughtsRead MoreThe Lesson By Toni Cade Bambara1346 Words à |à 6 Pagesa bout a sassy, defiant, ungrateful poor girl that is out of place in an overpriced expensive toy store. ââ¬Å"The Lessonâ⬠is a short story about a young black girl who is struggling with her increasing awareness of class inequality. When Sylviaââ¬â¢s new neighbor, Miss. Moore, a smart college educated woman introduces the reality of social inequality to Sylvia and her group of friends, they become cynical. Sylvia has always known in the back of her mind that she was poor, but never really let it bother herRead MoreFairy Tales : A Child1739 Words à |à 7 Pagesasleep. By you reading me fairy tales, when I was a child, it made me closer to you and gave us a special bond. The fairy tales you read to me as a child played a major part in fostering my imagination and creativity that I have now. The article ââ¬Å"The Importance of Fairy Talesâ⬠states different reasons why you should read your child fairy tales, some being that fairy tales give an understanding of what is good and of what is bad. Fairy tales can teach children a lot of meaningful life skills and abilitiesRead MoreFamily Is Not An Important Thing983 Words à |à 4 Pagesinfluence the way a child is brought up and how the child turn out in the future. As Michael J. Fox states ââ¬Å"Family is not an important thing. It s everything.â⬠Although Rex Walls and Rose Mary failed to care for their children sufficiently, it was better for the children to remain with their parents. By putting the children into the foster care system, they can be faced with the possibilities of poor academic achievement, higher social problems, and higher rates of mental illness. First, children in fosterRead MoreDoes Illiteracy Affect Crime and Poverty Rates?1757 Words à |à 7 Pagesââ¬Å"functionally illiterateâ⬠is at an astonishing 85%. Being functionally illiterate means that these children lack reading and comprehension skills that are necessary in order to function in everyday situations as well as the ability to work and maintain a job. Complete illiteracy means a person cannot read or write at all. Functional illiteracy affects a personââ¬â¢s ability to, for example, read medicine labels, fill out a job application, read a bank statement, etc. While being illiterate does not mean a personRead MoreQuestions and Answers by an Educator1462 Words à |à 6 Pagesgained about my role as an educational leader from these chapters? Whether we like to believe it or not, we all in some way, shape or form have stigmas that we put on people because of their age, income, and even their disability. You cannot control your age or if you have a disability. However, if you are poor, people just assume that it is your fault and that you can do better. As Koppelman (2014) states, ââ¬Å"People suffer the misery of poverty not because they deserve it, but most likely as a consequenceRead MoreAnalysis Of Unequal Childhoods By Annette Lareau1629 Words à |à 7 Pagesfamilies ranging in class, race and family life. The author Annette Lareauââ¬â¢s objective was to analyze and understand how and if social life impacts the children pertaining to these different classes. Lareau also examines the affect social class has on those interviewed by following up years later in their transitions to adulthood. Regardless of ones race, social economic status plays a role in how a child develops and learns the skills they will eventu ally grow up to use. Lareau argues that race playsRead MoreSchool Wide Achievement Effects On Children1621 Words à |à 7 Pagesyour child and you want them to get a better start in school and life going forward. In this paper we look at multiple studies done regarding ECE programs. Some of them followed people onto adult while others just did to elementary school. This study was done by people at the University of Missouri. By doing this study they were trying to see how much school-wide achievement effects the relationship between early childhood education and performance in reading and math in fifth graders. The questionRead MoreSuccess : The Nurture Achievement1361 Words à |à 6 PagesSuccess: The Nurture Achievement According to the Outliers, Malcolm Gladwell views success as a byproduct of history and community, of opportunity and legacy (285). Although everyone tries to become successful in their life, not all of them get their success because they all have different backgrounds, grow in different environments and different cultures. Moreover, these different situations determine a personââ¬â¢s success by providing different chances. So, the many opportunities the environment provideRead MoreAnalysis Of Unequal Childhoods By Annette Lareau1640 Words à |à 7 Pagesfamilies ranging in class, race and family life. The author Annette Lareau objective was to analyze and understand how and if social life impacts the children pertaining to these different classes. Lareau also examines the affect social class has on those interviewed by following up years later in their transitions to adulthood. Regardless of ones race social economic status plays a role in how a child develops and learns the ski lls they will eventually grow up to use. Lareau argues that race plays Reading Is The Way Up And Out And Into A Better Life For... Books will remain an interest that every high schooler hates and every professor loves. It is portrayed that reading is nerdy or not social, which makes no sense because in philosophy, reading is a key to understanding a certain subject matter. One will not go anywhere in life if reading is not there. Children in rural or third world countries would love to learn to read and write. It is one of mankindââ¬â¢s biggest challenges it faces in 2015. The ability to read is the way up and out and into a better life for these poor children. Reading allows the mind to open up to new ideas or thoughts that other activities cannot match, especially watching television or playing video games. I would love to say I have read a lot, but I do not. It is difficult because I have ââ¬Å"monkey mind,â⬠where I cannot concentrate on the certain text without having a random thought race through my mind. It will most likely get worse and that is all due to the technology that is flying out to the ever distracted society. It is often told that the Bible is the most stolen book in the world. It is ironic when there is a commandant that says thou stall not steal. The Bible is also always under a microscope, challenged, and even hated. As of 2013, there are around 6,001,500,000 bibles printed (statistic brain). More than 2,100 different languages have at least one book of the Bible printed in that specific language and just in the United States alone, 168,000 bibles are sold or passed out each day. In fact,Show MoreRelatedReading Is The Way Up And Out And Into A Better Life For These Poor Children902 Words à |à 4 Pagesprofessor loves. Many suggest that reading is nerdy or not social, which makes no sense because in philosophy reading is a key to understanding a certain subject matter. One will not go anywhere in life if reading is not there. Children in rural or third world countries would love to learn to read and write. It is one of mankindââ¬â¢s biggest challenges. The ability to read is the way up and out and into a better life for these poor children. Reading allows the mind to open up to new ideas or thoughts thatRead MoreThe Lesson By Toni Cade Bambara1346 Words à |à 6 Pagesabout a sassy, defiant , ungrateful poor girl that is out of place in an overpriced expensive toy store. ââ¬Å"The Lessonâ⬠is a short story about a young black girl who is struggling with her increasing awareness of class inequality. When Sylviaââ¬â¢s new neighbor, Miss. Moore, a smart college educated woman introduces the reality of social inequality to Sylvia and her group of friends, they become cynical. Sylvia has always known in the back of her mind that she was poor, but never really let it bother herRead MoreFairy Tales : A Child1739 Words à |à 7 Pagesasleep. By you reading me fairy tales, when I was a child, it made me closer to you and gave us a special bond. The fairy tales you read to me as a child played a major part in fostering my imagination and creativity that I have now. The article ââ¬Å"The Importance of Fairy Talesâ⬠states different reasons why you should read your child fairy tales, some being that fairy tales give an understanding of what is good and of what is b ad. Fairy tales can teach children a lot of meaningful life skills and abilitiesRead MoreFamily Is Not An Important Thing983 Words à |à 4 Pagesinfluence the way a child is brought up and how the child turn out in the future. As Michael J. Fox states ââ¬Å"Family is not an important thing. It s everything.â⬠Although Rex Walls and Rose Mary failed to care for their children sufficiently, it was better for the children to remain with their parents. By putting the children into the foster care system, they can be faced with the possibilities of poor academic achievement, higher social problems, and higher rates of mental illness. First, children in fosterRead MoreDoes Illiteracy Affect Crime and Poverty Rates?1757 Words à |à 7 Pagesââ¬Å"functionally illiterateâ⬠is at an astonishing 85%. Being functionally illiterate means that these children lack reading and comprehension skills that are necessary in order to function in everyday situations as well as the ability to work and maintain a job. Complete illiteracy means a person cannot read or write at all. Functional illiteracy affects a personââ¬â¢s ability to, for example, read medicine labels, fill out a job application, read a bank statement, etc. While being illiterate does not mean a personRead MoreQuestions and Answers by an Educator1462 Words à |à 6 Pagesgained about my role as an educational leader from these chapters? Whether we like to believe it or not, we all in some way, shape or form have stigmas that we put on people because of their age, income, and even their disability. You cannot control your age or if you have a disability. However, if you are poor, people just assume that it is your fault and that you can do better. As Koppelman (2014) states, ââ¬Å"People suffer the misery of poverty not because they deserve it, but most likely as a consequenceRead MoreAnalysis Of Unequal Childhoods By Annette Lareau1629 Words à |à 7 Pagesfamilies ranging in class, race and family life. The author Annette Lareauââ¬â¢s objective was to analyze and understand how and if social life impacts the children pertaining to these different classes. Lareau also examines the affect social class has on those interviewed by following up years later in their transitions to adulthood. Regardless of ones race, social economic status plays a role in how a child develops and learns the skills they will eventu ally grow up to use. Lareau argues that race playsRead MoreSchool Wide Achievement Effects On Children1621 Words à |à 7 Pagesyour child and you want them to get a better start in school and life going forward. In this paper we look at multiple studies done regarding ECE programs. Some of them followed people onto adult while others just did to elementary school. This study was done by people at the University of Missouri. By doing this study they were trying to see how much school-wide achievement effects the relationship between early childhood education and performance in reading and math in fifth graders. The questionRead MoreSuccess : The Nurture Achievement1361 Words à |à 6 PagesSuccess: The Nurture Achievement According to the Outliers, Malcolm Gladwell views success as a byproduct of history and community, of opportunity and legacy (285). Although everyone tries to become successful in their life, not all of them get their success because they all have different backgrounds, grow in different environments and different cultures. Moreover, these different situations determine a personââ¬â¢s success by providing different chances. So, the many opportunities the environment provideRead MoreAnalysis Of Unequal Childhoods By Annette Lareau1640 Words à |à 7 Pagesfamilies ranging in class, race and family life. The author Annette Lareau objective was to analyze and understand how and if social life impacts the children pertaining to these different classes. Lareau also examines the affect social class has on those interviewed by following up years later in their transitions to adulthood. Regardless of ones race social economic status plays a role in how a child develops and learns the ski lls they will eventually grow up to use. Lareau argues that race plays
Friday, December 13, 2019
American History-Civil Rights Free Essays
During the years 1939 to 1953 the United States armed forces changed a policy of restricting and segregating the Negro into one that had equal opportunity and integration. This revolution took a great deal of time and struggle. Throughout American history the blacks in America considered their military service in the nationââ¬â¢s conflicts as proof of their loyalty and as a brief for their claim to full citizenship. We will write a custom essay sample on American History-Civil Rights or any similar topic only for you Order Now At the same time white Americans appear to have realized this, and they always sought to restrict or reduce the black soldierââ¬â¢s military service. The national armed forces always were the most integrated major segment of American life. Therefore, the desegregation of the United States Armed Forces has become truly a social revolution in American history. The extent of the desegregation of the United States Armed Forces was discussed several years ago and remains actual among historians to this day. The purpose of this study is to describe and evaluate the debate among historians concerning the desegregation of the United States Armed Forces and the Negroââ¬â¢s reaction to this policy. In reaching this goal, the paper will also shed some light on American race relations during these years. With the World War II crisis of 1939-1945, the questions of restriction, discrimination, and segregation in the United States armed forces became one of two major problems for black Americans. Employment discrimination was also important, and this subject has been examined by historians. Although employment discrimination was the chief everyday issue for Negroes in World War II, discrimination and segregation in the United States armed forces was the more emotionally charged issue. Most historians claim that a black ââ¬Å"revolutionâ⬠or ââ¬Å"revoltâ⬠occurred in 1954, 1955, 1960, or 1963. Silberman (1964) writes that segregation was necessary to stop bloody racial conflict and a reduction of the armed servicesââ¬â¢ potency. Silberman is one of the spiciest critics of American race relations. In his book Crisis in Black and White, he reminded Americans that the United States ââ¬Å"is a racist society in a sense and to a degree that we have refused so far to admit, much less faceâ⬠(9-10). In 1950, members of the Court obtained evidence from the Presidentââ¬â¢s Committee on Equality of Treatment and Opportunity in the Armed Services prior to some important decisions that pointed toward a reversal of the separate but equal position. In 1954, before the important decision on desegregation, members of the Court read in manuscript form journalist Lee Nicholsââ¬â¢ Breakthrough on the Color Front (1954), the first book-length account of military integration. Usually North Carolinians ââ¬â at least most white North Carolinians ââ¬â tend to look back at the years 1939 to 1953 and their adjustment to changing times with pride. But historians reporting progress in the South seldom give North Carolina high marks. Writer Roland (1984) in his book on the South since World War II writes with considerable disappointment because the southern state with the best race relations prior to the Brown decision failed to lead the region in the integration of blacks into society after 1954. In his study of southern governors and desegregation, Horton (1960) expresses a similar disappointment. The writer observes that North Carolina escaped much of the demagoguery characteristic of several neighboring states because Tar Heel governors tried to keep the peace and found local solutions to racial problems. On a contradictory note, however, Silberman (1964) calls the Patriots of North Carolina as a ââ¬Å"sedate versionâ⬠of the Citizens Council and attributes to the Patriots and their successors, the North Carolina Defenders of Statesââ¬â¢ Rights, the names of some of the ââ¬Å"most respected men of North Carolinaâ⬠(14). From the beginning of a military tradition in America, black manpower has been used for military aims. Most of historians (Benjamin Quarles, The Negro in the American Revolution; Dudley Taylor Cornish , The Sable Arm: Negro Troops in the Union Army, 1861-1865; Robert J. Dwyer, â⬠The Negro in the United States Army: His Changing Role and Status,â⬠Sociology and Social Research; L. D. Reddick, â⬠The Negro Policy of the United States Army, 1775-1945,â⬠Journal of Negro History) who have investigated the problem have noticed a desire on the part of white Americans to limit the participation of the blacks in military affairs until an emergency or crisis develops. Then black manpower was utilized as a military necessity. Quarles notices that this pattern was established in the colonial militia. Each colony followed this policy that excluded Negroes as soldiers. Dwyer writes when emergencies such as Indian threats emerged and there was urgent need for manpower, however, most colonies saw fit to overlook these exclusion laws and volunteered Negroes (19). When the Continental Army was created at the beginning of the American Revolution, the black soldiers were excluded. Once more, when white volunteers became harder to find, this policy was changed, and about five thousand Negroes served with the American revolutionary arms. In The New York Times, Hinton observes that there occurred important changes by the end of World War II that made it more difficult to maintain the racial status quo in America. The ballots of American Negroes had become a powerful political force. The belligerent spirit that matured during the war made Negroes shure to fight segregation wherever it stood in the way of full citizenship. The United States became the leader of the non-Communist world. The race problem was a weakness in its Cold War attempts to influence the emerging nations. A new President took office in the centre of the changing situation. He realized that the status quo in American society relations had to give way to a new race order. Unlike his forerunner, this President would have found it difficult to take a passive stand on Negro rights even if he had wanted to do so. The race problems in civilian life reached a new peak with the end of war. This was especially true in the South where there was fear that the status quo in race relations would be further upset by the many returning Negro veterans. In Freedom and Equality: Addresses by Harry S Truman Horton (1960) writes about racial violence and revival of riots in this period. Many people believed that a wave of race riots would begin with a new force in the country as they had after World War I. Among those people who remembered the riots after World War I and who was afraid that they would be repeated was President Harry Truman. Two particularly violent attacks induced President Truman to some significant action in order to protect civil rights. Horton (1960) gives examples of cruelty. For instance, in February, 1946, Isaac Woodard, a newly discharged veteran still in uniform, was blinded when South Carolina policemen pulled him off a bus and jabbed their night sticks into his eyes. In July, 1946, two Negro veterans and their wives were taken from a car near Monroe, Georgia, by a mob of white men. The four Negroes were lined up and killed by approximately sixty shots pumped into their bodies (12). To stop this kind of violence President Truman created the Presidentââ¬â¢s Committee on Civil Rights on December 6, 1946. The purpose was to examine the nebulous authority of the Federal Government in the civil rights area and to recommend appropriate legislation. Horton (1960) considers the beliefs on civil rights of this man from Missouri with a Southern heritage. He quotes Truman, ââ¬Å"I was raised amidst some violently prejudiced Southerners myselfâ⬠. Perhaps Truman reflected his own transformation on this matter when he stated his belief that ââ¬Å"the vast majority of good southerners understand that the blind prejudices of past generations cannot continue in a free republic. â⬠Horton says that it is clear that Truman had support from Negro voters as early as 1926. He inherited black support from the Pendergast machine of Kansas City, and he managed to maintain this support throughout his career as a senator (34). At President Trumanââ¬â¢s first news conference a Negro one reporter asked him a question ââ¬â what stand he would take on civil rights matters. Truman replied: ââ¬Å"I will give you some advice. All you need to do is to read the Senate record of one Harry S Trumanâ⬠(Public Papers of the Presidents). As a candidate for the Vice-Presidency in 1944 Truman had also directed interested persons to his Senate record. Surely he was proud of his position on civil rights. ââ¬Å"Without exception,â⬠one student of Trumanââ¬â¢s Senate record has concluded, :Senator Truman acted to provide greater protection for minorities and to afford equal treatment under the lawâ⬠(Horton 14). Truman continually supported antilynching bills. He also signed petitions for cloture and voted for the amendments to the Selective Service Act of 1940 intended to stop discrimination. How to cite American History-Civil Rights, Papers
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