Monday, September 30, 2019

Referring to Iago’s soliloquy at the end of Act I scene III, examine what Shakespeare shows the audience about his character

Iago is one of the central characters within Shakespeare's ‘Othello' and is introduced extremely early in the play, Act I scene I. It is generally assumed from even this early in the play that Iago is cunning, plotting man as he converses with Rodrigo. Throughout the centuries the common opinion on Iago is that he is an insidious, misogynistic, materialistic, dissimulating character, among other things. Few critics have spoken in appraisal of Iago's character and actions. In act I scene III, Iago ends the scene with his first soliloquy. Soliloquies generally reveal a lot about a person's character to the audience, but this is the first time the audience gets a taste of his thoughts. He begins by discussing Rodrigo: ‘My fool my purse' This is particularly dissimulating as he had just been talking to Rodrigo, planning how to match make him with Desdemona. This is a running theme, Iago's manipulating, and two-faced dealings. This links with: ‘That thinks men honest that but seem to be so' As Rodrigo is not the only character in the play that falls for Iago's deceptions. The next part of the soliloquy that reveals a lot about Iago's character is his admittance to using Rodrigo for his own benefits: ‘But for my own sport and profit' Iago can use Rodrigo using his manipulative powers of speech, he deceives Rodrigo to gain money off him and use it for his own needs rather then on the task it was intended for. By referring to this task as a ‘sport' it also implies that Iago receives some pleasure from deceiving people, that he finds this fun and does this for his own fun. The audience is left doubting his character and feels sympathetic for the other characters involved in Iago's deception. Iago then reveals a possible motive for his inexcusable behavior: ‘that ‘twixt my sheets' Iago thought that at some point Othello had cuckolded him, led Emilia astray from their marital bed. Iago displayed the same reaction that most men would, and so felt betrayed and angry, although he did not know for sure that the act occurred. This is a good argument against Coleridge's critical comment on his actions. He described his actions as: ‘Motiveless malignity'. This does appear to be the case, to a certain extent. Especially for a modern day audience, we find it harder to accept that Iago would become so nasty to people so close to him, but to an Elizabethan audience it would be more believable without any motive behind him. This part of the speech may not excuse his behavior for the rest of the play, but it is a starting point, it gives the audience something to relate to, to begin to justify his actions. ‘Cassio is a proper man' with this sense of the word, proper means handsome rather then suitable. This appears to be a compliment to Cassio, but again Iago is using him for his own means. Iago can use Cassio's good looks and status in society to create the allusion of an affair with Desdemona. Othello only becomes jealous because there is something to be jealous of, if Cassio was not handsome and admirable Iago would have nothing to create the jealousy from. This is yet another example of Iago using people close to him to gain what he wants. Iago appears to be a character that is trusted, by almost everyone other than Desdemona. She comes across as more suspicious character, as she questions Iago rather then just falling for every word he says. Iago knows that his fellow soldiers and people in society trust him, yet another way in which he can use manipulation as there is grounds for him to manipulate. This is shown when he says: ‘The Moor is of a free and open nature, That thinks men honest that but seem to be so' Iago actually admits to his deceitful nature, and ridicules Othello for being so trusting. This is the entire base for the play; if Iago weren't so â€Å"trustworthy† then Othello would have no reason to believe his accusations of Desdemona. It is this perception that makes the play possible. Othello is Iago's general; therefore he should be respected, and not ridiculed, which he is in this soliloquy: ‘As asses are'. It is disrespectful for Iago to be referring to his general as a fool, whether he is a Blackamoor or not. This shows that Iago is not a decent character; he does not even have the decency to respect his general, let alone other aspects of his character. Towards the end of the soliloquy, Iago refers to: ‘Hell and night' Which would have been a lot more relevant to an Elizabethan audience as it represents the devil and malicious behavior. It is ironic that he uses devilish language, as he is associated with the devil due to his evil character. To emphasize this point, he also says: ‘Monstrous birth to the world's light'. This also would have had a greater impact on an Elizabethan audience, and this is only the beginning of the devilish language used by Iago. It was said by William Turnbull that: ‘Iago is an unbeliever in, and a denier of, all things spiritual, who only acknowledges God, like Satan, to defy him'. (Othello: A Critical Study, 269) This is proved throughout the play by constant references to the devil, night, dark and Iago's actual behavior and attitude to situations. Finally, this soliloquy shows a great deal in its length. Within twenty-two lines, Iago has explained his actions, had no plan and conceived a plan and becomes anxious to begin. This shows his ability to improvise quickly and leaves the audience wondering how often he uses this ability, when he was with Rodrigo? Othello? Cassio? To conclude, Shakespeare uses this particular soliloquy to allow the audience to see what we believe to be Iago's true personality. We learn that he is definitely dissimulating, manipulative, deceitful, and disrespectful, a slanderer and cunning. Before this the audience could only speculate on this and the remainder of his personality as he shows different sides to different people, he has been referred to as ‘an onion' and ‘Janus, the Roman god' because of his multiple personalities.

Sunday, September 29, 2019

Financial Statement Analysis of Pharmaceuticals in Pakistan

Final Project Profitability Ratios’ Analysis of Pharmaceuticals in same industry for FY 2008-10 Sanofi-Aventis Ferozsons Abbott A REPORT SUBMITTED TO THE DEPARTMENT OF MANAGEMENT SCIENCES, VIRTUAL UNIVERSITY OF PAKISTAN IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTERS IN BUSINESS ADMINISTRATION Submitted By Mc080402262 Sheikh Khurum Akram Department of Management Sciences, Virtual University of Pakistan Acknowledgement In the name of ALLAH, the most Gracious, the most Merciful Firstly I am thankful to ALLAH ALMIGHTY, WHO is sprinkling HIS blessings upon me and my family.HE has bestowed me with sound health and determination to perform this task. I really acknowledge guidelines from my course tutor who taught me the techniques of research. This project is my own effort. Executive Summary I will evaluate three leading pharmaceuticals of Pakistan for profitability ratio analysis of Abbott, Ferozsons and Sanofi-Aventis. I will assess them on the basis of facts and figures provided in their financial statements. My objective is to figure out their flaws and potencies. Outcomes of profitability analysis are worthy for management in making effective decisions.My findings will make easy for all related parties to have impartial analysis. This project will also make available a snapshot of pharmaceuticals’ capability in managing their resource for yielding profits. The main purpose behind this analysis is to conduct a quantitative study of raw data. Outcomes of my project will assist the title-holders and decision-makers to keep an eye on improvement in their businesses. I will perform profitability ratio analysis of Abbott, Ferozsons and Sanofi-Aventis. I will cite my sources each time if exact quote is copied of an author or paraphrasing of the same is drafted in my own words.I will provide reference if I copy a table, chart, diagram, or graph wholly or partly. Microsoft word and excel will be used to evaluate ratio analysis. APA styl e of referencing will be used. Ferozsons and Abbott have yielded sufficient net profits to recover all operating, non-operating expenses and taxation charges and to build up reserves after paying all fixed interest charges and dividends. Sanofi-Aventis has yielded very low net profit despite reasonable sales volume due to escalating cost of goods sold, operating and non-operating charges. Abbott laboratory and Ferozsons are efficiently managing its assets to generate profit.Sanofi-Aventis is not utilizing its assets properly to generate profit. Abbott laboratory and Ferozsons have higher generating rate of their wealth. Sanofi-Aventis has lower generating rate of its wealth. Ferozsons has better pricing approach and operating competence. On the contrary Sanofi-Aventis has flaws in pricing tactic. Abbott has shown adequate operating profits to meet its fixed cost. Sanofi-Aventis has shown its efficiency at its best in managing significant assets like Property, Plant & Equipment, Stoc k in Trade and Cash with bank balances.Ferozsons has utilized its revenue producing assets exceptionally well. Abbott has produced bulk sales volume with a relatively small amount of fixed assets. Sanofi-Aventis has shown effective job by producing better sales volume turnover with minute amount of property, plant and equipment. Sanofi-Aventis has produced insufficient returns to satisfy its investors. Ferozsons has generated sufficient gross profit volumes to face unfavorable financial circumstances such as low demanding and price competition. Ferozsons and Abbott need to keep scheming in the same way for curtailing cost of goods sold, operating and on-operating expenses. They need to retain effective management policies by utilizing more assets for the generation of higher profits in future. They need to keep strengthening better pricing approach and operating competence. They need to utilize operating assets more effectively to improve their turnover as per sales volume. Ferozson s needs to downsize overinvested in fixed assets. Abbott and Sanofi-Aventis should improve their turnover of fixed assets in terms of sales volume. They can increase gross profits by implementing more effective management policies.Sanofi-Aventis really needs to look its profit yielding capacity. It should review and improve its products range. Furthermore effective management policies can produce the desirable results. It requires implementing improved pricing tactic to attain better operating proficiency. It needs to watch over its policies for better return on owner’s equity to retain its investor confidence. It has shown better operating assets turnover, it should keep utilizing them in the same manner. It needs to improve its selling and marketing strategies to improve profit margins.Table of contents Acknowledgement Executive Summary Section IPage # 1. Chapter 1) Introduction8 Financial Period Under-Consideration for Analysis:10 Objectives10 Significance11 2. Chapter 2) Data Processing and Analysis 11 * Data Collection Sources:12 * Data Processing and Analysis Tools: 12 3. Chapter 3) Data Analysis12 Profitability Ratio Analysis Project12 †¢ Net Profit Margin 12 †¢ Return on Assets 14 †¢ DuPont Return on Assets 17 †¢ Operating Income Margin 20 †¢ Operating Assets Turnover 23 †¢ Return on Operating Assets 26 †¢ Sales to Fixed Assets 29 Return on Total Equity 31 †¢ Gross Profit Margin 34 4. Chapter 4) Summary, Conclusion, Recommendations & Limitations: 5. 2 Conclusion36 5. 3 Recommendations38 Section II a) Introduction of the student39 b) Bibliography39 Section I Chapter 1) Introduction to the Project: My project is about the financial standings and performance interpretations of three leading pharmaceuticals of Pakistan. I am willing to conduct this project to analyze the potentials and flaws of the same sort of business. My findings will facilitate all related parties to have impartial analysis.This project wi ll also provide a snapshot of pharmaceuticals’ competence in handling their resource for generating profits. Profitability ratio analysis helps to conduct a quantitative scrutiny of raw data. It assists the title-holders and decision-makers to monitor improvement in their businesses and endow with qualified analysis. It also helps to analyze and interpret for future prospects. My project will help all the stakeholders to have impartial comparative performance analysis. Reliable analysis of financial statements has got enormous importance in the current economic scenario.Investors, debtors, creditors and customers demand concrete, credible and result-oriented approach on which they can rely. This sort of project is always needed to have impartial analysis that encourages financier to invest in more profitable venture. It will also help the relevant pharmaceuticals to overcome their loopholes. The pharmaceutical concerns have shown high sales in the current era. It is justifiab le to call it the most developed technological segment in the country's financial system. This business is presently experiencing a phase of considerable transformation in under developed countries.Well-established pharmaceuticals can allow investments in more R ; D that expand their potential drugs range. Abbott Laboratories: They are a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Their products span the continuum of care, from nutritional products and laboratory diagnostics through medical devices and pharmaceutical therapies. Their comprehensive line of products encircles life itself – addressing important health needs from infancy to the golden years.They have over 70,000 employees worldwide and a global presence in more than 130 countries, Abbott Pakistan is part of the global healthcare corporation of Abbott Laboratories, Chicago, USA. Abbott started operations in Pakistan as a marketing af filiate in 1948; the company has steadily expanded to comprise a work force of over 1500 employees. Currently two manufacturing facilities located at Landhi and Korangi in Karachi continue to use innovative technology to produce top quality pharmaceutical products. Abbott Pakistan has leadership in the field of Pain Management, Anesthesia * Medical Nutrition * Anti-Infective Ferozsons Laboratories Limited: It is one of the leading pharmaceuticals in Pakistan. It was incorporated as a Private Limited Company in 1954; Ferozsons Laboratories Limited became Pakistan's first local pharmaceutical company to be listed on the country's stock exchanges (1960). Commencing production in 1956, they made their beginnings primarily as manufacturers of fine chemicals and galenicals, and as toll-manufacturers for multinational pharmaceutical corporations today, heir core strength lies in their own range of branded generics, which cover products in the following segments:   * Anti-infective * Gast rointestinal * Cardiovascular * Dermatology Their marketing force consists of over 230 representatives and managers covering the territories of Pakistan. They have a  consistent prescription growth rate of over 20% per annum  in their promoted products; they provide a solid platform for creating and establishing brands in the Pakistani market. Sanofi-Aventis:Sanofi-Aventis is one of the world’s largest pharmaceutical companies serving the cause of improving health and wellbeing. It is present in more than  100 countries, with around  11,000 scientists. They have around 100, 000 employees  working to improve health and wellbeing. Their Global headquarters are in Paris, France. Sanofi-Aventis focuses its activities on 7 major therapeutic areas: * Cardiovascular * Thrombosis * Oncology * Central Nervous System * Metabolic Disorders * Internal Medicine * VaccinesI have selected this project to have broad based comparative analysis between pharmaceuticals operating in Pa kistan with different origins. It is desirable for me to know how these pharmaceuticals utilizing their resources to yield high profits effectively. 1. 1 Financial Period Under-Consideration for Analysis: Financial years under consideration for analysis are 2008 to 2010 of Abbott, Ferozsons and Sanofi-Aventis. 1. 2 Objectives: The core objectives of the project will be to observe the operations of pharmaceuticals, their financial emergence and potencies along with flaws. To analyze the ability of selected pharmaceuticals to earn profit over a period of time * To analyze the selected pharmaceuticals efficiency in managing their resource for generating profit * To find out the reasons for generating profit over the years for selected pharmaceuticals * To find out that how effectively selected pharmaceuticals are maximizing their profits by controlling their costs/expenses * Trend Analysis will help to study the financial history of pharmaceuticals for comparison. * I would justify my findings about the financial capability of the pharmaceuticals to satisfy the stakeholders. . 3 Significance of the Project: Profitability ratio analysis would provide thorough information about the credibility and current standings of pharmaceuticals. My project will help creditors to know the liquidity position of pharmaceuticals, its relation with profitability and help to settle their priorities. Liquidity determines a company’s capability to meet up its obligations. If a company is facing troubles in meeting its urgent monetary commitments, it can affect its business functions and profitability.Concisely a pharmaceutical with better profitability will be enjoying improved liquidity position. It can help debtors to assess how pharmaceuticals are extending credits, effectiveness of collecting debts and its impact on profit. I want to carry out this type of project to help the investors for settling their decisions in making investments in such a pharmaceutical that would b est value their wealth. It will assist the customers to select such pharmaceutical that is yielding better profits and more reliable. It would help the management to have an independent analysis in identifying their loopholes.Profitability Ratio Analysis, Trend analysis and comparisons of results with other type of data will be judged against the pharmaceuticals within the industry. In short my analysis will help all stakeholders to have relevant and reliable information to ease their decision making process. Chapter 2) Data Processing and analysis: I will disclose and acknowledge all references for all materials that are used from all sources. I will cite my sources each time if exact quote is copied of an author or paraphrasing of the same is drafted in my own words.I will provide reference if I copy a table, chart, diagram, or graph wholly or partly. APA style of referencing will be used. 2. 1 Data Collection Sources may be: Primary Sources: This first hand data will be the conte nts I am investigating through financial statements of my relevant pharmaceuticals. Study of current data is my primary source. Secondary Sources may be: It will be collected through financial statements of my selected pharmaceuticals and internet. 2. 2 Data Processing and Analysis Tools: Microsoft word and excel will be used to evaluate ratio analysis. Chapter 3) Data AnalysisProfitability Ratio Analysis Project I have taken into consideration three recent Financial Years 2008, 2009 and 2010 for analysis of Abbott, Ferozsons and Sanofi-Aventis. 1- Net profit margin Introduction: The net profit margin formula reveals that how much of a company's revenues are reserved as net income. It is generally expressed as a percentage. It is calculated by dividing net profit with sales revenue for a given year. Formula: Net profit margin= Net Profit / Sales Revenue * 100 Net profit margin= (Answer) %age Calculation: Net profit margin| Year 2008| Year 2009| Year 2010| Abbott| =343,980/7,089,163= 4. 5%| =609,072/8,450,118=7. 21%| =1,176,944/10,995,701=10. 70% | Ferozsons| =217,023. 829/932,297. 994=23. 28%| =182,757. 453/1,085,393. 578=16. 84%| =317,542. 675/1,273,374. 822=24. 94%| Sanofi-Aventis | =38,269/4,346,528=0. 88%| =167,371/6,725,708=2. 49%| =224,024/6,158,295=3. 64%| Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of net profit (numerator) and sales revenue (denominator) as these figures are mentioned in Profit and loss account. Graphical Representation and Trend Analysis: Interpretation and Comparison Ferozsons has yielded highest net profit ratio (24. 4% in 2010) whereas Abbott laboratory has the maximum sales volume with compare to other two. Ferozsons and Abbott have yielded sufficient net profits to recover all operating, non-operating expenses and taxation charges. They have the tendency to build up reserves after paying all fixed interest charges and dividends. Sanofi-Aventis has yielded very low net profit (0. 8 8% in 2008) despite reasonable sales volume. Abbott has shown increasing trend from FY 2008 to 2010 by producing the highest sales volume and by curtailing cost of goods sold, operating and non-operating expenses.Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to the increase in cost of goods sold. It has revived in FY 2010 by yielding the highest net profit percentage by controlling its cost of goods sold. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but insufficient net profit to keep any reserves. It has shown the lowest profit percentage in FY 2008 due to very high cost of goods sold and operating expenses along with finance charges. Abbott has changed its financial year from November to December in 2010 (13 months) that has also given it edge in producing better sales volume.Ferozsons has been leading and surpassed other pharmaceuticals with high profit margins by curtailing its cost of goods sold and operating expenses as compared to others . On the other hand Abbott has shown the highest volume of sales as compared to others but profit yielding capacity has seemed to be been on the way out. Sanofi-Aventis has yielded very low profits due to escalating cost of goods sold, operating and non-operating charges. 2- Return on Assets Introduction: Return on average total assets is a profitability gauge of a company with relation to its total assets.It is generally expressed as a percentage. It is calculated by dividing net profit with average total assets for a given year. Formula: Return on Assets= Net Profit / Average Total Assets * 100 Return on Assets = (Answer) %age Calculation: Return on Assets= Net Profit / Average Total Assets * 100| | Return on Assets| Year 2008| Year 2009| Year 2010| Abbott| 343980/4865539*100=7. 07%| 609072/5007143*100=12. 16%| 1176944/5377499*100=21. 89%| Ferozsons| 217023. 829/1349994. 951*100=16. 08%| 182757. 453/1530769. 165*100=11. 94%| 317542. 675/1724423. 948*100=18. 41%| | | | | Sanofi-Ave ntis | 38269/2706204*100=1. 1%| 167371/3211724*100=5. 21%| 224024/3393760*100=6. 60%| | | | | Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of net profit (numerator) as it is mentioned in profit & loss account. | Total Assets| | | | Total Assets| Year 2007| Year 2008| Year 2009| Year 2010| Abbott| 4681368| 5049710| 4964576| 5790421| Ferozsons| 1218361. 366| 1481628. 536| 1579909. 793| 1868938. 102| | | | | | Sanofi-Aventis | 2428053| 2984355| 3439093| 3348427| | | | | | | Average Total Assets=(Current Year + Preceding Year)/2| | Average Total Assets| Year 2008| Year 2009| Year 2010|Abbott| (4681368+5049710)/2=4865539| (5049710+4964576)/2=5007143| (4964576+5790421)/2=5377499| Ferozsons| (1218361. 366+1481628. 536)/2=1349994. 951| (1481628. 536+1579909. 793)/2=1530769. 165| (1579909. 793+1868938. 102)/2=1724423. 948| | | | | Sanofi-Aventis | (2428053+2984355)/2=2706204| (2984355+3439093)/2=3211724| (3439093+3348427)/2=3393760| | | | | Gr aphical Representation and Trend Analysis: Interpretation and Comparison: Abbott Laboratory has yielded better percentage of return on assets due to reasonable net profit.The better ratio of Abbott laboratory depict that the pharmaceutical is able to manage its assets efficiently to generate profit. Ferozsons has also reasonable percentage of ROA that depicts its effective management of assets to generate profit. Sanofi-Aventis has low volumes of net profit with higher size of average total assets that depicts its inability in utilizing its assets properly to generate profit. Abbott has shown increasing trend from FY 2008 to 2010 due to better profit margin as compared to previous years. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to decline in net rofit volume. It has also revived in FY 2010 by yielding the higher net profit against average total assets. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but inadequate net profit to utilize total assets effectively. It has shown the lowest ROA in FY 2008 due to very low net profit. Ferozsons has the highest ROA on the whole. It has outclassed other pharmaceuticals. In contrast Sanofi-Aventis has shown the lowest volume of net profits but considerable magnitude of average total assets that depict inefficient management policies to utilize total assets.Abbott has shown considerably well managed performance in utilizing total assets for producing profit. 3- Dupont Return on Assets Introduction: Dupont return on total assets is used to evaluate how productively assets are used. It measures the mutual effects of profit margins and asset turnover. It is generally expressed as a percentage. It is calculated by multiplying net profit margin and total asset turnover for a given year. Formula: DuPont Return on Assets= (Net income / Sales) x (Sales / Total Assets) DuPont Return on Assets = Net profit margin x Total asset turnover DuPont Return on Assets = (Answer) %ageCalculation: Dupo nt return on Assets = net profit margin x total asset turnover Dupont return on Assets| Year 2008| Year 2009| Year 2010| Abbott| 4. 85%*1. 41=6. 84%| 7. 22%*1. 70=12. 27%| 10. 70%*1. 90=20. 33%| Ferozsons| 23. 28%*0. 63=14. 65%| 16. 84%*0. 69=11. 57%| 24. 94%*0. 68=16. 99%| Sanofi-Aventis | 0. 88%*1. 46=1. 28%| 2. 49%*1. 96=4. 87%| 3. 64%*1. 84=6. 69%| | | | | Note: Numeric Figures are mentioned in ‘000’ Working: Net profit margin= (Net income / Sales)*100 | Year 2008| Year 2009| Year 2010| Abbott| =343980/7089163*100=4. 85%| =609,072/8,431,080*100=7. 22%| =1,176,944/10,995,701*100=10. 0% | Ferozsons| =217,023. 829/932,297. 994*100=23. 28%| =182,757. 453/1,085,393. 578*100=16. 84%| =317,542. 675/1,273,374. 822*100=24. 94%| Sanofi-Aventis | =38,269/4,346,528*100=0. 88%| =167,371/6,725,708*100=2. 49%| =224,024/6,158,295*100=3. 64%| Total assets Turnover= (Sales / Total Assets) Abbott| 7089163/5049710=1. 41 Times| =8450118/4964576=1. 70 Times| =10995701/5790421=1. 90 Times | Ferozsons| =932297. 994/1481628. 536=0. 63 Times| =1085393. 578/1579909. 793=0. 69 Times| =1273374. 822/1868938. 102=0. 68 Times| Sanofi-Aventis | =4346528/2984355=1. 46 Times| =6725708/3439093=1. 6 Times| =6158295/3348427=1. 84 Times|   | Dupont Return on Assets|   | | Year 2008| Year 2009| Year 2010| Average| Abbott| 6. 84%| 12. 27%| 20. 33%| 13. 15%| Ferozsons| 14. 65%| 11. 57%| 16. 99%| 14. 40%| Sanofi-Aventis | 1. 28%| 4. 87%| 6. 69%| 4. 30%| Graphical Representation and Trend Analysis: Interpretation and Comparison: We can analyze the sales comparisons with net income and assets of Abbott laboratory; it has yielded better volume of profits along with an increase in its total assets and sales volume over the years. Its higher ratio depicts the higher generating rate of its wealth.Ferozsons has yielded higher profit margins by controlling its cost of goods sold but lower total assets turnover rate due to less sales volumes. Sanofi-Aventis has very low net profit margins bu t reasonably well total assets turnover rate that depicts lower generating rate of its wealth. Abbott has shown increasing trend from FY 2008 to 2010 due to better net profit margin and sales volumes. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to comparatively low profit margin. It has also revived in FY 2010 by yielding higher profit margins, increase in total assets and sales volume.Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but insufficient net profit margins has overlooked better total assets turnover rate. Ferozsons has the highest Dupont return on assets. It outshines other pharmaceuticals in better performance on the basis of relevant FY’s average. On the contrary Sanofi-Aventis has shown the lowest volume of Dupont return on assets but reasonable magnitude of total assets and sales volume. Abbott has shown fair performance in utilizing total assets with sales spectrum. Its average is near to Ferozsons’. 4- Operating i ncome margin Introduction:This ratio is used to compute the price policies and operational competence. It is generally expressed as a percentage. It is calculated by dividing operating profit with net sales for a given year. Formula: Operating income margin = Operating Profit / Net Sales*100 Operating income margin = (Answer) %age Calculation: Operating income margin| Year 2008| Year 2009| Year 2010| Abbott| 547526/7089163*100=7. 72%| 878503/8450118*100=10. 42%| 1744787/10995701*100=15. 87%| Ferozsons| 280330. 464/932297. 994*100=30. 07%| 238019. 515/1085393. 578*100=21. 93%| 330518. 449/1273374. 822*100=25. 6%| Sanofi-Aventis | 171478/4346528*100=3. 95%| 384071/6725708*100=5. 71%| 531682/6158295*100=8. 63%| Note: Numeric Figures are mentioned in ‘000’ Working: Operating Profit (Numerator) = Gross Profit + Other Operating Income – Admin Expenses – Selling & Distribution Expenses – Other Charges Operating Income Break-up GP+OTHER OPERATING INCOME-ADM IN EXP-SELLING & DISTRIBUTION EXP-OTHER CHARGES|   | 2008| | Abbott| 2097653+105545-255737-1334884-65051=547526| | | | | Ferozsons| 540738. 562+20809. 63-60719. 276-199424. 66-21073. 792=280330. 464| | | | | Sanofi- Aventis | 1055823+52809-122627-757135-57392=171478| | | GP+OTHER OPERATING INCOME-ADMIN EXP-SELLING & DISTRIBUTION EXP-OTHER CHARGES|   | 2009| 2010| | Abbott| 2321131+141890-201943-1252810-129765=878503| 3687038+109079-267915-1601101-182314=1744787| | | | | | Ferozsons| 584211. 298+23954. 076-80995. 604-261185. 939-27964. 316=238019. 515| 633242. 518+43434. 507-83262. 197-234076. 533-28819. 846=330518. 449| | | | | | Sanofi- Aventis | 1626599+101126-152707-1048283-142664=384071| 1753544+102220-175580-1094063-54439=531682| | | | | No need to provide breakup of Net Sales (denominator) are mentioned in profit and loss account of respective pharmaceutical.Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory has yielded comparativ ely low operating income margins as compared to Ferozsons due to an increase in business cost and its expenses. Abbott has lower volume of operating profit in 2008 with increased net sales. Ferozsons has optimum capacity to pay for its fixed cost. Sanofi-Aventis has low operating income margin that depicts its poor pricing strategy and operating efficiency. It has minimal operating profits over the years but reasonable net sales volumes. Abbott has shown increasing trend from FY 2008 to 2010.The pharmaceutical should manage its expenses to reduce this decline. It has done better in FY 2010 by producing highest operating profit. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to comparatively low operating profit with comparatively better sales volume. It has also revived in FY 2010 by yielding higher operating profit. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but insufficient operating profit margins has caused inadequate margins to meet its f ixed costs. The aforementioned ratio provides an insight to determine the quality of a company.Ferozsons has the highest operating income margins. It has left behind other pharmaceuticals by yielding sufficient operating income that depicts better pricing approach and operating competence. On the contrary Sanofi-Aventis has shown the lowest volume of operating profit margins that shows its flaws in pricing tactic. Abbott has shown adequate operating profits to meets its fixed costs but comparatively low as compared with Ferozsons. 5- Operating Assets Turnover Introduction: This is a financial ratio that indicates the effectiveness with which a firm's management uses its operating assets to generate sales.It is generally expressed in times. It is calculated by dividing net sales with average operating assets for a given year. Formula: Operating Assets Turnover= Net sales/ Operating assets Operating Assets Turnover = (Answer) Times Calculation: Operating Assets Turnover| Year 2008| Ye ar 2009| Year 2010| Abbott| 7089163/5168443=1. 37 Times| 8431080/4684635=1. 80 Times| 10995701/4740615= 2. 32 Times| | | | | Ferozsons| 932297. 994/1055296. 397=0. 88 Times| 1085393. 578/652061. 759=1. 66 Times| 1273374. 822/865565= 1. 47 Times| | | | | Sanofi- Aventis | 4346528/33338090= 0. 13 Times| 6725708/2785713= 2. 1 Times| 6158295/2399541= 2. 57 Times| | | | | Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Net Sales (numerator) are mentioned in profit and loss account of respective pharmaceutical. Operating Assets = Total Assets – (Intangible Assets + Capital work in progress+ Loans and Advances + Investments + other assets) Break-up of operating Assets Operating Assets Turnover| Year 2008| Year 2009| Year 2010| Abbott| 5790421-(0+392954+170071+2801+56152)=5168443 | 4964576-(0+159886+73056+4393+42606)=4684635 | 5049710-(0+202480+23580+44896+4393+33746)=4740615 | Ferozsons| 1868938. 02-(0+141831. 157 +223867. 236+438228. 405+9714. 907)=1055296. 397 | 1579909. 793-(0+171010. 120+215775. 559+205992. 988+35069. 367)=952061. 759 | 1481628. 536-(0+0204216. 826+217372. 560+194474. 564)=865565 | Sanofi- Aventis | 33484287-(339+ 119,808+21381+4669)=33338090 | 3439093-(114+ 618,974+29683+4609)=2785713 | 2984535-(729+550391+30549+3325)=2399541 | Graphical Representation and Trend Analysis: Interpretation and Comparison: Operating assets turnover of Abbott laboratory has improved over the years as operating assets are slightly decreasing with respect to better net sales.Ferozsons has comparatively improved turnover due to substantial increase in net sales with respect to operating assets. Sanofi-Aventis has reasonably well sales volume but operating assets haven’t grown in proportion. Abbott has shown increasing trend from 2008 to 2010 due to improved sales volume and minor change in operating assets. Ferozsons has shown an increasing trend from FY 2008 to 2009 due to comparatively decrease in operatin g assets as compared to net sales. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 due to better sales with respect to operating assets.Sanofi-Aventis has represented its efficiency at its best in managing significant assets like Property, Plant ; Equipment, Stock in Trade and Cash with bank balances. It has surpassed others during FY 2009-10. On the other hand Ferozsons has shown comparatively low operating Assets Turnover with respect to other two. Abbott has shown rather better performance on the whole. 6- Return on Operating Assets Introduction: This is a financial ratio that gives an idea  as how efficient  management is  at using its assets to generate earnings. It is generally expressed as a percentage.It is calculated by dividing net profit with average operating assets for a given year. Formula: Return on operating Assets = Net profit / Operating assets*100 Return on operating Assets = (Answer) %age Calculation: Return on operating Assets| Year 2008| Year 2009| Year 2010| Abbott| 343980/5168443=6. 66%| 609072/4684635=13%| 1176944/4740615=24. 83%| | | | | Ferozsons| 217023. 829/1055296. 397=20. 57%| 182757. 453/952061. 759=19. 20%| 317542. 675/865565=36. 69%| | | | | Sanofi-Aventis | 38269/33338090=0. 11%| 167371/2785713=6. 01%| 224024/2399541=9. 34%| | | | |Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Net Profit (Numerator) are mentioned in profit and loss account of respective pharmaceutical. Operating Assets = Total Assets – (Intangible Assets + Capital work in progress+ Loans and Advances + Investments + other assets) Break-up of operating Assets Operating Assets Turnover| Year 2008| Year 2009| Year 2010| Abbott| 5790421-(0+392954+170071+2801+56152)=5168443 | 4964576-(0+159886+73056+4393+42606)=4684635 | 5049710-(0+202480+23580+44896+4393+33746)=4740615 | Ferozsons| 1868938. 102-(0+141831. 157 +223867. 36+438228. 405+9714. 907)=1055296. 397 | 1579909. 793-(0+171010. 120+215775. 559+205992. 988+35069. 367)=952061. 759 | 1481628. 536-(0+0204216. 826+217372. 560+194474. 564)=865565 | Sanofi- Aventis | 33484287-(339+ 119,808+21381+4669)=33338090 | 3439093-(114+ 618,974+29683+4609)=2785713 | 2984535-(729+550391+30549+3325)=2399541 | Graphical Representation and Trend Analysis: Interpretation and Comparison: Percentages of return on assets actively used to create profit of Abbott laboratory have been reasonable. Net profit has declined during 2008 that has caused comparatively low ratio.Ferozsons has also utilized its assets actually required to run the business. Its operating assets have improved over the years with reasonable net profit volumes. Sanofi-Aventis has not utilized it’s actively used assets efficiently to create revenue, consequently very low returns. Abbott has shown increasing trend from 2008 to 2010 due to comparatively high net profit. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to decline in net profit an d increased volume of operating assets. It has the highest percentage of 36. 69% in FY 2010 due to rapid increase in net profit.Sanofi-Aventis has shown increasing trend over the years due to substantial increase in the volumes of net profit but these percentages have been below average. It needs to improve its net profit. Ferozsons has utilized its revenue producing assets exceptionally well. It has been leading other two. On the other hand Sanofi-Aventis has shown very low percentages of return on operating assets and it has been unable to actively use its assets to create revenue. Abbott has shown noticeably improved performance but has not performed better than Sanofi-Aventis. 7- Sales to Fixed AssetsIntroduction: The fixed-asset turnover ratio measures a company's ability to generate net sales from fixed-asset investments –  specifically property, plant and equipment (PP&E) – net  of depreciation. It is generally expressed in times. It is calculated by dividin g net sales with fixed assets for a given year. Formula: Sales to fixed Assets = Net sales / Fixed assets Sales to fixed Assets = (Answer) Times Calculation: Sales to fixed Assets| Year 2008| Year 2009| Year 2010| Abbott| 7089163/1560835= 4. 54 Times| 8450118/1662785=5. 07 Times| 10995701/1877596= 5. 6 Times| Ferozsons| 932297. 994/610987. 413=1. 53 Times| 1085393. 578/735614. 952=1. 48 Times| 1273374. 822/742280. 446=1. 72 Times| Sanofi-Aventis | 4346528/1195978= 3. 63 Times| 6725708/1393461=4. 83 Times| 6158295/1409260=4. 37 Times| Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Net Sales (Numerator) are mentioned in profit and loss account of respective pharmaceutical. Fixed assets breakup (Denominator) = Property, Plant and Equipment-net  of depreciation, the said figure has been given in the balance Sheet.Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory’s performance is better as it is generating almost more than 5 times (on average) sales turnover as compared to its small amount of property, plant and equipment. Ferozsons seems to be lenient in producing sales as per the volume of Property, plant and equipment. It has overinvested in fixed assets. It needs to revive its sales by introducing new product’s range. Sanofi-Aventis has also done reasonably well to generate sufficient sales volume as compared to its small amounts of fixed assets.Abbott has shown increasing trend from 2008 to 2010 due to increased sales volume and comparatively small amount of fixed assets. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to overinvestment in property, plant and equipment. It has improved its ratio in FY 2010 by sufficient increase in sales volume. Sanofi-Aventis has shown increasing trend from FY 2008 to 2009 due to adequate increase in sales volume. It has declined in FY 2010 due to decrease in sales. Abbott has surpassed others by produ cing bulk sales volume with a relatively small mount of fixed assets. On the other hand Ferozsons has shown very low turnover that means it has overinvested in fixed assets. Sanofi-Aventis has shown effective job by producing better sales volume with minute amount of property, plant and equipment.. 8- Return on total equity Introduction: Return on equity  measures a corporation's profitability  by revealing how much  profit a company generates  with the  money  shareholders have invested. It is generally expressed as a percentage. It is calculated by dividing net profit with share holder’s equity for a given year. Formula:Return on total equity = Net profit / Share holder’s equity*100 Return on total equity = (Answer) %age Calculation: Return on total equity| Year 2008| Year 2009| Year 2010| Average| Abbott| 343980/3568512*100=9. 64%| 609072/3238460*100 =18. 81%| 1176944/3912539*100 =30. 08%| 19. 51%| Ferozsons| 217023. 829/826236. 891*100 =26. 27%| 182757. 453/970129. 401*100 =18. 84%| 317542. 675/1275765. 058*100 =24. 89%| 23. 33%| Sanofi- Aventis | 38269/1116612*100=3. 43%| 167371/1292449*100=12. 95%| 224024/1461403*100=15. 33%| 10. 57%| Note: Numeric Figures are mentioned in ‘000’ Working:No need to provide breakup of Net Profit (Numerator) are mentioned in profit and loss account of respective pharmaceutical. Share holder’s Equity breakup (Denominator) = Issued, subscribed ; paid-up capital + Reserves – capital + Reserves – revenue Issued, subscribed ; paid-up capital + (Capital Reserves + Revenue Reserves)|   | 2008| 2009| | Abbott| 979003+154777+2434732=3568512| 979003+173853+2085604=3238460| | | | | | Ferozsons| 144672. 768+321. 843+681242. 280=826236. 891| 173607. 322+321. 843+796200. 236=970129. 401| | | | | | Sanofi- Aventis | 96448+1020164=1116612| 96448+1196001=1292449| | | | Issued, subscribed ; paid-up capital + Reserves – capital + Reserves – revenue|   | 2010| | Abbo tt| 979003+197167+2736369=3912539| | | | | Ferozsons| 208328. 786+321. 843+1067114. 429=1275765. 058| | | | | Sanofi- Aventis | 96448+1364955=1461403| | | | Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory has yielded better profits on owner’s equity that is a positive sign for investors and lenders. Its return on owner’s equity falls in FY 2008 due to decline in net profit. Ferozsons has also done considerably better by yielding sufficient returns.It has also decline in returns during FY 2009 due to rapid decrease in net profit. Its owner’s equity has also improved over the years. Sanofi-Aventis has also slightly improved over the years as it has yielded nominal returns on investment in FY 2009 and 2010. It has very low returns in FY 2008 that should be a matter of concern for the management. Abbott has shown increasing trend from 2008 to 2010 due to increase in net profit volume over the years. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to substantial decrease in net profit.It has improved its ratio in FY 2010 by sufficient increase in net profit. Sanofi-Aventis has shown increasing trend from FY 2008 to 2010 due to slightly noticeable increase in net profit volumes but these are not attractive from investors’ point of view. Ferozsons has surpassed others by producing overall better average return that is 23. 33%. It has generated sufficient net profit volumes. Sanofi-Aventis has produced insufficient returns to satisfy its investors. It needs to watch over its policies for better performance. Abbott has also produced reasonable returns on owner’s equity. 9- Gross Profit Margin Introduction:It is used to assess  a firm's financial health by revealing the  proportion of money left over from revenues after accounting for the cost of goods sold. It is generally expressed as a percentage. It is calculated by dividing gross profit with net sales for a given ye ar. Formula: Gross profit Margin = Gross profit / Net sales*100 Gross profit Margin = (Answer) %age Calculation: Gross profit Margin| Year 2008| Year 2009| Year 2010| Abbott| 2097653/7089163*100= 29. 6%| 2321131/8450118*100=27. 53%| 3687038/10995701*100=33. 53%| Ferozsons| 540738. 562/932297. 994*100=58%| 584211. 298/1085393. 578*100=53. 82%| 633242. 518/1273374. 22*100=49. 73%| Sanofi- Aventis | 1055823/4346528*100=24. 29%| 1626599/6725708*100=24. 18%| 1753544/6158295*100=28. 47%| Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Gross Profit (Numerator) and Net Sales (Denominator) as these figures are mentioned in profit and loss account of respective pharmaceutical. Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory has reasonable overall gross profit margins. That’s why it has yielded sufficient returns on equity. Its net sale has increased over the years. It has a decline in gross p rofit in FY 2009.Ferozsons has also done exceptionally well by yielding the highest gross profit margins. It has the tendency to face adverse economic condition such as low demanding and price competition. Sanofi-Aventis has undermined overall gross profit margins. Its gross profit margins are not sufficiently enough to bear operating and non-operating expenses. Abbott has shown decreasing trend from 2008 to 2009 due to decrease in gross profit. It has revived in FY 2010 by yielding higher gross profit. Ferozsons has also shown a decreasing trend from FY 2008 to 2009 due to significant decrease in gross profit.It has decreased further in FY 2010 due to bulk net sales volumes. Sanofi-Aventis has shown almost same trend in FY 2008 and 2009 but an increase in FY 2010 due to higher gross profit. Ferozsons has left behind others by producing overall excellent gross profit margins. It has generated sufficient gross profit volumes to face unfavorable financial circumstances such as low dem anding and price competition. Sanofi-Aventis has produced insufficient gross profit returns to satisfy any stakeholder. Abbott has produced adequate gross profit margins to absorb operating and non-operating expenses.Chapter 4) Summary, Conclusion, Recommendations & Limitations: 4. 2) Conclusions * Ferozsons and Abbott have yielded sufficient net profits to recover all operating, non-operating expenses and taxation charges. They have the tendency to build up reserves after paying all fixed interest charges and dividends. Sanofi-Aventis has yielded very low net profit despite reasonable sales volume due to escalating cost of goods sold, operating and non-operating charges. * Abbott laboratory and Ferozsons are efficiently managing its assets to generate profit.Sanofi-Aventis has low volumes of net profit with higher size of total assets that depicts its not utilizing its assets properly to generate profit. * Abbott laboratory and Ferozsons have yielded greater volume of profits along with an increase in its total assets and sales volume over the years. Its higher ratio depicts the higher generating rate of its wealth. Sanofi-Aventis has very low net profit margins but reasonably well total assets turnover rate that depicts lower generating rate of its wealth. * Ferozsons has the highest operating income margins that depict better pricing approach and operating competence.On the contrary Sanofi-Aventis has shown the lowest volume of operating profit margins that shows its flaws in pricing tactic. Abbott has shown adequate operating profits to meets its fixed costs. * Sanofi-Aventis has shown its efficiency at its best in managing significant assets like Property, Plant & Equipment, Stock in Trade and Cash with bank balances. On the other hand Ferozsons and Abbott have shown comparatively low Operating Assets Turnover in utilizing operating assets for generating sales. * Ferozsons has utilized its revenue producing assets exceptionally well.On the other hand Sano fi-Aventis has shown very low percentages of return on operating assets. Abbott has shown noticeably improved performance on the whole. * Abbott has produced bulk sales volume with a relatively small amount of fixed assets. Ferozsons has shown very low turnover that means it has overinvested in fixed assets. Sanofi-Aventis has shown effective job by producing better sales volume turnover with minute amount of property, plant and equipment. * Sanofi-Aventis has produced insufficient returns to satisfy its investors. Ferozsons has produced enough returns on owner’s equity whereas Abbott has also yielded reasonable returns.It is a good sign for prospect investors. * Ferozsons has generated sufficient gross profit volumes to face unfavorable financial circumstances such as low demanding and price competition. Sanofi-Aventis has produced insufficient gross profit returns to satisfy any stakeholder. Abbott has produced adequate gross profit margins to absorb operating and non-opera ting expenses. 4. 3) Recommendations * Ferozsons and Abbott need to keep scheming in the same way to keep curtailing cost of goods sold, operating and non-operating expenses. Sanofi-Aventis really need to look its profit yielding capacity.It should review and improve its product range. Furthermore effective management policies can produce the required results. * Ferozsons and Abbott need to retain effective management policies by utilizing more assets for the generation of higher profits in future. Sanofi-Aventis can yield better profit by utilizing its assets proficiently through effective management role. * Ferozsons and Abbott have reasonable Dupont return on Assets with sales spectrum. Sanofi-Aventis needs to improve it by curtailing its cost of goods sold, operating and non-operating expenses. Better profits always enhance investors’ confidence and it matters in the end. Ferozsons and Abbott have reasonable operating income margin and they need to keep strengthening bett er pricing approach and operating competence. Sanofi-Aventis requires implementing improved pricing tactic to attain better operating proficiency. * Abbott and Ferozsons need to utilize operating assets more effectively to improve their turnover as per sales volume. Sanofi-Aventis has unexpectedly better turnover, it should keep utilizing operating assets in the same manner. * Sanofi-Aventis needs to utilize its revenue producing assets in a better way. Abbott and Ferozsons should retain their current line of action. Ferozsons needs to downsize overinvested in fixed assets. Abbott and Sanofi-Aventis should keep their approach towards utilizing its fixed assets in terms of sales volume. * Sanofi-Aventis needs to watch over its policies for better return on owner’s equity to retain its investor confidence. Ferozsons and Abbott have to retain their pace in retaining current returns on owner’s equity. * Sanofi-Aventis needs to improve their selling strategies to improve pr ofit margins. Abbott and Ferozsons can increase gross profits by implementing more effective management policies. Section II a) Introduction of the student Last degree Obtained: B. ComOrganization’s Name: Wisdomhouse School Designation: Owner/Principal Experience: 7 Years b) Bibliography †¢Vu hand Outs †¢Internet sources †¢www. investopedia. com †¢http://www. accountingtools. com/fixed-asset-turnover-ratio †¢http://www. abbott. com. pk/11_Financial. htm †¢http://www. pakistaneconomist. com/database2/pdffiles/Pharmaceutical/Abbot/Year%202008/ALAnnual-%20Y08. pdf †¢http://www. ferozsons-labs. com/investor. htm †¢http://www. sanofi-aventis. com. pk/l/pk/en/layout. jsp? scat=59A5026C-701D-4C54-B1EC-E7788EA00832 †¢Ross, S. A. , R. W. Westerfield and B. D. Jordan. Essentials of Corporate Finance (1999), 2nd Edition, Irwin/McGraw-Hill.

Saturday, September 28, 2019

Summary for the article ‘Mortgage Mess’

Steve Gass, a woodwork enthusiast, lawyer and physicist was able to come up with a safer saw that prevents accidents. Although, on his own effort, he was able to sell these innovative tools quite well, few people in the business are willing to adapt it into the mainstream because according to them, â€Å"safety doesn’t sell†.The writer starts by sharing the experience of a foreman in using the â€Å"safe saw†, showing that it was effective in preventing accidents.The writer then uses statistics by saying that 40,000 Americans are injured by power saws every year and 4,000 of them are hurt badly enough to require amputation.She then gives Gass’s explanation on how the saw works. Whenever it the saw’s blade was touched, its body would absorb some of the shock like a circuit breaker and it will instantly activate the brake.Afterwards, she would talk about how surprised Gass was about the slow response to his new technology in spite of the fact that â⠂¬Å"Everybody in woodworking knows someone who’s lost a finger or had an accident.†Finally, she points out that power saw accidents can leave you with very high medical expenses and it would be best to use this new technology to ensure safety and to lower costs.II.  Ã‚   New VocabularyTinkering (n.)   – an act of fiddling with something in an attempt to repair it.Amputation (n.) –   to cut off a limb or other appendage of the body, especially in a surgical operationPrototype (n.) – something having the essential features of a subsequent type, and on which later forms are modeledLiability (n.) – anything for which somebody is responsible, especially a debtPlaintiff (n.) – somebody who begins a lawsuit against another person (defendant) in a civil court

Friday, September 27, 2019

Workplace and Communication Essay Example | Topics and Well Written Essays - 750 words

Workplace and Communication - Essay Example When one understands the basis of being satisfied with his job, the discussion of getting the work done in a good enough manner is very important. However, what is really required is a vision to do things the right way and keep all the employees and peers devoted to their respective work domains so that success within the work environments is ensured. When one discusses the factors of a positive work environment, the understanding of who creates such an environment is very necessary. This is because the workplace factors are usually changing all the time and do not require constant checks. What is indeed desired is an environment that shall make the employees feel at home with how they are treated and what kind of facilities they enjoy while doing their tasks or jobs. These employees should cultivate positive-ness from their own selves so that this could be reflected back in their work. But then again it is always easier said than done because it involves quite a few issues, most important of which are the reasons that can go ahead in asking for communicating the problems that the employees experience and feel that they can resolve with dialogue. Being positive is very necessary because it asks of the people to represent who they really are and what they can achieve. What is required is a proper framework to make sure that they r emain contented and stuck with what they are doing and without any problems whatsoever. This shall build ways and means through which success would eventually be attained within a workplace environment. Hard work is required to create positive-ness within a workplace environment because it will bring success for everyone. I think that employee interaction outside of the workplace environment actually helps the employees to grow and show who they really are. It makes them feel satisfied with their norms and routines, and allows for the development of

Thursday, September 26, 2019

Political Science Essay Example | Topics and Well Written Essays - 1250 words

Political Science - Essay Example In China, with many people at the government level being strongly influenced by the controlling socialist traditions and forces, it might be difficult for them to accept democratic change. It is thought that the generation currently in the government and main controlling bodies will eventually pass out of power. There is a chance then the controlling bodies will change their way of thinking. However, the people in China’s society will not pass on so soon, and it is their views that would certainly count in the development of a democratic state (Brook & Frolic, 1997, 25-28). Though opposing forces among the people are neo-authoritarianism and neo-conservatism, the general mood is pro-democracy. One positive aspect of the people’s views is that, over the past 15 to 20 years, the youth has largely been in favor of democratization. One example of democratic expression by youth was observed at Tienaman Square. Here, in the early 1990s, students in China assembled to carry out a protest, but were dispersed when the forces came down harshly on them and massacred many. This was certainly a black day for chances of democratizing China (Brook & Frolic, 1997, 25-28). Since this incident was not so long ago, people wonder what the government’s mood towards democracy really is. However, since the gruesome incident at Tienaman Square there have been positive changes as well (Ding, 2002, 25-31). One positive change regarding democratizing China is highlighted by China’s entry to the World Trade Organization (WTO). This means that international democratic trade law applies to China like it does to other member countries of the WTO. The manner in which China is protected under trade law like other democratic countries is a positive sign (Bhattasali & Martin, 2004, 22-30). Under the WTO agreement, China now allows countries to introduce their products in China, and importers in China operate with more liberty now. Also, China

Reformed Epistemology Insulates Religious Faith from Scientific Essay - 1

Reformed Epistemology Insulates Religious Faith from Scientific Scrutiny - Essay Example Religion also attempts to answer life’s existential questions in comforting, understandable ways. But does this all mean that religion is so mysterious in its nature that it must never be questioned, and that its doctrines take precedence over the laws by which we choose to be governed? This is the territory Leiter explores in his paper - at least, he explores it to the extent that religion brushes up against secular laws. It is an interesting point of view. We all know people whose religious affiliations have exempted them, from time to time, from duties or obligations that, had they not claimed a particular religious affiliation, they would have been expected to fulfill. And we, for the most part, in the name of freedom of religion, tolerate these exemptions. But why? Why are religious individuals accorded this toleration? And if we cannot answer this question, should we continue, in fact, to tolerate their exemptions, even in the face of no reasonable evidence? Any person who has taken an American history class or studied for his or her citizenship exam is well-acquainted with the Amendment concerning freedom of religion – but perhaps it is now time to re-evaluate the concept. Leiter would have us believe that the re-evaluation is long overdue. He even go es so far as to delineate a difference between toleration and respect. This paper will explore his logic, analyze some of his examples and draw a conclusion as to whether or not he has successfully made his case with regard to tolerating religion.

Wednesday, September 25, 2019

Student in University Essay Example | Topics and Well Written Essays - 250 words

Student in University - Essay Example As scholars say, time is a valuable resource, a distinguishing factor between success and failure. From this assertion, time management is the solution to this ever-lasting problem. Though a common phrase, the manner in which the strategy to manage time is laid dictates the end result. An ordinary behavior in many campuses around the globe is that tutors and professors dispatch course outlines and assignments at the beginning of the semester. To many students, this issue does not work to their favor since it encourages idleness. To the contrary, its advantages are more. It is from this that my strategy to strike a balance is derived. To begin with, each student need to create their own calendar from the tutor’s but subdivided in to 3 parts. The first should be a semester-long calendar. This calendar should track every important activity throughout the semester and expected deadline hence planning ahead is enhanced. A weekly calendar should follow. This weekly helps the student note when they are free within the week and make possible arrangements for any ongoing commitment. Lastly, the student should prepare a daily to-do list. In this, prioritization is encouraged. The student should check on what should be completed first with well stipulated and strict deadline. Implementation of this strategy can go a long way in enhancing proper use of time. one evident advantage is the fact that the students understands the need for slotting time to socialize and have fun, and knows when exactly to do that. For the reason, the automate result is a stroke balance between education and social

Tuesday, September 24, 2019

Strategic Managment Case Study Example | Topics and Well Written Essays - 1500 words

Strategic Managment - Case Study Example Arguably, Jamba juice has competitive advantages over its competitors since the clientele groups have been presenting their grievances on the issues that they feel important and deserving immediate redress from the organization. Similarly, the CEO witnessed the gradual increase in sales performances after repackaging the brand in new containers holding importance to the environment. Therefore, the company is certain that its recent setbacks emanated from the inclusion of polystyrene in the container linings. Such information serves for the benefit of the company since the management will eventually order the packaging and processing teams to find and use environmentally friendly materials before presenting the products to the market. The resolutions are ideal and are present in the company’s strategic decisions since the management has full knowledge that the consumer groups seek to consume products packed with the ethical considerations of the entire environment. Question 2: Description of the juice’s diversification and growth strategies Jamba’s growth and diversification strategies are ill addressed since the company failed to evaluate all the market needs prior to implementation of its product. Arguably, the management thought that the product would acquire successful outcomes after its introduction since the consumers would realize the benefits of the polystyrene cans in delivering the desired state of the juice. On the contrary, the company’s packaging failed to win the desired clientele since the society is currently embarking on the use of environmentally friendly goods while disowning those products, which deviate from the norm. Unfortunately, Jamba’s diversification strategies may not accrue any profound outcomes lest the company engages in the production of the ideal cans that the society would view as a reassurance to their health during and after consumption of the juices. For example, the company would achieve it s growth strategies through offering intensive support to the society’s health considerations, and the total disuse of any packaging materials that cause any form of alarm to the environment. The juice shall reach its edge of diversification and growth in market share if the company shall successfully deviate from the ill practices, a factor that would lead to increased clientele groups, and increased population of capital investors. Question 3 The social trend that is contributing to the entrepreneurial venture of Jamba Juice Company is how people trying to outdo environmental pollution hence ensuring that the environment is friendly. Although the company claimed to be a healthy lifestyle brand, it kept on using polystyrene foam, which was harmful to the environment due to its long life. Polystyrene foam was harmful to both wildlife and human being since it posed healthy risks. Jamba CEO realized that using polystyrene foam was illegal since it caused pollution to the enviro nment and thus it was inconsistent with the image the company wished to portray, as customers were concerned with environmental and health concerns. The consumers never wanted to benefit from using Jamba’s products and suffer from environmental pollution in the future. Additionally, most cities had already banned the use of polystyrene foam, thus Jamba Juice Compa

Monday, September 23, 2019

Final Project Assignment Research Paper Example | Topics and Well Written Essays - 1250 words - 1

Final Project Assignment - Research Paper Example They do their best to try to educate people to see what they say are excessive incidents of animal cruelty by big companies, farms, and individuals. They promote vegetarianism and do a lot of advertising using celebrities and attention-getting themes in order to try to get their message across. They were founded in 1980 in Norfolk, Virginia and have now grown to be a large organization with chapters around the world and hundreds of employees.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   PETA is best known for their advertising campaigns which often feature prominent celebrities such as Pamela Anderson, David Cross, and a great many supermodels. One of their biggest campaigns features these celebrities naked—with their private parts hidden, of course—under the slogan, â€Å"I’d rather go naked than wear fur.† Fur and companies that make or promote fur products have long been a major target for PETA. Other targets include the fast food industries and many of the travelling circuses that they say mistreat circus animals. These campaigns, which are often very flashy and attention getting, draw a lot of media notice and are displayed prominently. One of the more recent campaigns suggested that people should start calling fish â€Å"sea kittens† in an effort to change the way sea animals are thought of and to try and make them appear more cute. The line used in this ad said, â€Å"When your name can als o be used as a verb that means driving a hook through your head, its time for a serious image makeover. And who could possibly want to put a hook through a sea kitten?† Some of these campaigns are funny and interesting, but others have drawn a huge amount of controversy. In 2005, PETA launched a campaign suggesting farm animals are the same as slaves. They showed pictures of cows chained up and then pictures of black people chained up. After complaints, they removed the ads. It appears that PETA is

Sunday, September 22, 2019

Conscription Crisis Canada 1942 Essay Example for Free

Conscription Crisis Canada 1942 Essay Despite King’s promise, in 1940 the government passed the National Resources Mobilization Act, a law that authorized limited conscription of Canadian men. From 1940 to June 1941 when Hitler invaded USSR, Canada was Britain’s most important ally. This was a time of crisis; the Nazis were in control of Europe and were steadily expanding their power and influence. Pressure mounted on Prime Minister King to increase Canada’s contribution to Britain, including soldiers. Supporter to conscription pointed out that Britain had the draft and the Canada should follow its example. But king believed that he had kept there would be no conscription for overseas service. In 1942 he decides to hold a plebiscite that would ask votes directly, heather they would permit king to break his earlier promise. On April 27, 1942, the plebiscite was held. When the votes were counted King’s worst fears were realized- English and French Canadians were clearly split on the issue. English Canada voted to release King and bring in overseas conscription. In August and September of 1944, Canadian troops were fighting fierce battle in Europe and losses were a heavy. Army commander overseas believed they needed 15 000 new troops to maintain Canada’s ability fight the Nazis. On November 13, 1944, while meeting with his Cabinet, King made an announcement that shocked everyone. He reminded Ralston that he had submitted his resignation two years earlier and that he now accepted it. McNaughton was now the new minister of defense! King had once again escaped the trap of overseas conscription. English Canadians regarded these men as cowards and referred to them as â€Å"zombies† or â€Å"the walking dead† . Again King was pressured to introduce conscription and again he came up with a solution. Limited overseas conscription of 16 000 of the â€Å"zombies† took place immediately- there would be conscription of men who had not already been trained as soldiers. Louis St. went along with King’s decision and the feared Quebec riots did not materialize. Some of the â€Å"zombies† deserted but most of those who were sent overseas fought bravely and brought honor to their country.

Saturday, September 21, 2019

Physical activity for children

Physical activity for children Phisical activity for children Outcome 1 Introduction This report provides information about the key benefits of physical activity for children in two categories of age 2-6 and 6-11 years old. This report will present of areas of development of the above age stages, which contained: physical, intellectual, skill, and psychological/social/emotional. Physical development is a process that begins in the human childhood and lasts until late adolescents focuses on the ability of gross and fine motor, and maturation. Physical development involves developing control over the body, especially the muscles and motor coordination. Intellectual development is best defined as the childs ability to think and understand the world. The way in which the child takes and processes information related to carers and experiencing the effects of the world in all areas of development. Skill development Stages of Development Children Aged 2-6 Physical changes Physical development of children of preschool age is slower and more stable than in infancy, however remains dramatic. Some important factors affecting the physical development during the preschool include changes in the childs brain, gross and fine motor skills and health. Toddlers soon acquire the leaner, more athletic look associated with childhood, as the children around age 3 begin to lose their baby fat. The childs body and legs grow longer and make your abdominal muscles, tightening the abdominal appearance. However, even at this early stage of children life, boys have more muscle mass than girls. From age 2 to 6 physical proportions continue to change, as their heads are getting smaller, but they are still larger than the school childrens. Also, head proportion from large is changing to the body even out, what have an impact on the balance but that improve coordination. The using of energy system is less efficient than adults, what can be notices during exercise that the children breath heavier, sweats more and also heart rate is faster than the adults. The hot or cold environment has a much bigger impact than on adults too. As they are suffer more from overheating, becoming too cold, but also dehydrating. The energy system is affected by not fully developed aerobic system, as the oxygen can be supply a fraction of required by the working muscles. Young children are not able to exercise in high intensity, because their anaerobic system is still not fully developed. Intellectual development At this stage, babies eventually enable to cope with separation from parents. Language develops as children grow into toddlers and their world expands. Symbolic understanding and appear pretend play skills there. Children begin to work on their experience, such as feeding a doll or a car. In the preschool years, children expand their understanding of pre-academic skills. They learn to identify colours, shapes, numbers, and letters. They also begin to demonstrate phonemic awareness. Some children may even begin to read familiar sight words as they reach age five. Pre-schoolers also develop more elaborate symbolic and cooperative play. For example, peers work together to act out a theme such as playing house, with each player having a defined role. Skill development Motor skills are physical abilities or capacities. Gross motor skills involves the use of large body movements, and this includes running, jumping, jumping, turning, jumping, throwing, balancing and dance. Fine motor skills, which include drawing, writing, and tying shoelaces, involve the use of small bodily movement Motor fine skills involves the use of a small body movements, such as drawing, writing, and tying shoelaces, involve the use of a small body movements. Both above skills are develop and are refined in early childhood, but the motor skills develop more slowly in preschool. The comparison of the running abilities of a 2à ¢Ã¢â€š ¬Ã‚ yearà ¢Ã¢â€š ¬Ã‚ old and a 6à ¢Ã¢â€š ¬Ã‚ yearà ¢Ã¢â€š ¬Ã‚ old, will show the limited running skills of the 2à ¢Ã¢â€š ¬Ã‚ yearà ¢Ã¢â€š ¬Ã‚ old. But when compare the trying shoelaces of 2 and 6 year old the difference will be even more striking. The 2à ¢Ã¢â€š ¬Ã‚ yearà ¢Ã¢â€š ¬Ã‚ old has difficulty grasping the concept before ever attempting or completing the task. Physical activity For this age group, any physical activity is indicated, i.e. including both forms of light physical exercises, as well as, more vibrant and energetic suggestions. Providing children with adequate physical activity and game play is an important step to developing their physical fitness, which not only promotes the health of young children but significantly enhances their psychological development and social skills in the long run. It is evident that physical activity is essential to the whole-person development of young children. For young children, the amount of physical activity is more important than the intensity. Physical activity can enhance the development of young children’s gross motor and fine motor skills, and to foster their good health habits and self-care ability. Therefore, physical activity of any intensity level should be covered, e.g. daily activities of light intensity such as slow walking and packing school bags, activities of moderate intensity such as cycl ing, stair climbing or engaging in teacher-led large-muscle activity sessions, and even activities of vigorous intensity such as chasing and running around, dancing, swimming etc. engaged after school. Of course, activity of a higher intensity can enhance cardio-respiratory fitness and stimulate bone growth; it can also enhance their development of physical fitness and motor skills. For the maximum health benefit of young children, teachers can consider administering a suitable amount of higher intensity activity. As younger children’s leaders, teachers should give them ample opportunities to experience different kinds of physical activities within a safe environment. This is to train the young children’s fundamental motor skills, which are essential for them to cope with daily needs. Children may acquire better physical fitness and movement skills for participation in various sports activities in the future. Stages of Development Children Aged 6-11 Physical changes Children aged 6-11 experience many of physical changes occurring in their bodies. The coordination of arms and legs increases, also ability for use their fingers and hand in such things as crafts and writing improves. Furthermore, can be noticed the growth in interest in games with rules and organised sports. Intellectual development Skill development Physical activity References LAM, P Y, 2011. Phisical Actvity. Phisical Actvity for Children Aged 2-6, [Online]. Available at: http://www.startsmart.gov.hk/files/pdf/02052012_physical-Eng-d.pdf [Accessed 13 March 2015]. Physical Development: Age 2–6.[ONLINE] Available at: http://www.cliffsnotes.com/sciences/psychology/development-psychology/physical-cognitive-development-age-26/physical-development-age-26. [Accessed 13 March 2015]. Babies and Young Children: Diploma in Child Care and Education Jo Brewster, Pauline Jones Google Books. 2015. [ONLINE] Available at: https://books.google.co.uk [Accessed 14 March 2015]. Appendixes Table 1 Benefits of physical activity for young children Table 2 Physiological signs and examples of physical activity by intensities

Friday, September 20, 2019

Mind Body Relationship According To Descartes Philosophy Essay

Mind Body Relationship According To Descartes Philosophy Essay Mind and what it connotes is the battered offspring of the union of psychology. At some deep level we dearly love and cherish it and see behind its surface great potential but, because of our own inadequacies, we continuously abuse t, harshly and abruptly pummeling it for imagined excesses, and occasionally even lock it away in some dark closet where we cannot hear its insistent whines. The history of the use of the term reveals two conflicting impulses: the tendency to treat mind as a metaphysical mechanistic system, and the tendency to view it as convenient biological metaphor representing the manifestation of the, still not understood, neurophysiologic processes of the brain. The following are the more important and common uses of the term and this basic conflict can be seen in all. Mind as the totality of hypothesized mental processes and acts that may serve as explanatory devices for psychological data. In recent years this has become the dominant use of the term. Here, mental components are hypothesized because they have, in the proper theoretical frame, considerable explanatory power. Of interest here is the reluctance, even refusal, of about the neurophysiological structures to which it might relate. The focus is typically on the effectiveness of the hypothesized model of mind to explain- not merely studies. The most frequent users of this meaning are workers in artificial intelligence, modern cognitive psychologists and several schools of philosophy, e.g. functionalism. Mind as the totality of the conscious and unconscious mental experiences of an individual organism (usually although not always, a human organism). Actually, this use represents an effort to avoid the above-mentioned metaphysical problem but it produces a because of the confusion over how to characterize consciousness. Often even those with a behavioristic approach will back door themselves into speculating about mind in this fashion but they will invariably replace consciousness with behaviors and acts. Mind as a collection of processes. Probably the next most commonly held view, the argument here is that the several processes generally studied under the rubrics of perception and cognition collectively constitute mind. Here, there is no real effort to define; only to enumerate and to seek to understand those processes enumerated. Mind as equivalent to brain. This position which goes back to William James must in the final analysis be true. Its major liability, about brain function. As a result, it is philosophical position. Mind as an emergent property. The argument here is that of emergentism, that when a biological system reaches a point of sufficient complexity and organizational structure mind emerges. Mind as a list of synonyms. For example, psyche, soul, self etc. Nothing is gained by this use and the definitional problems are compounded. Mind as intelligence. Really only a colloquial use of the term as in phrases like, She has a good mind. Mind as a characteristic or trait. Also used nontechnical as in phrases like, the mind of an artist, or the Northern European mind. The Brain, no discussion can be complete without mentioning the experiment of Ivan Pavlov (1849-1936). Ivan Pavlov and his followers showed, unconditioned and conditioned reflexes of the brain underlie mental activity. When external objects act on the nerve endings of the sense organs, strictly determined bioelectric impulses are sent to the brain via the nervous system. They evoke a number of complexes physic-chemical changes during which the impulse (signal) received is changed and evokes a response reaction of the organism. The brain, on the bais of this signal, sends a response impulse to the corresponding internal organs or locomotory organs, causing the most purposive action. When an animal sees food it secretes saliva, when a human touches a very hot object, he instantaneously withdraws his hand. The process is known as an unconditioned reflex or instinct. 2. DUALISM: One of the classical metaphysical issues concerning the relationship between that which is mental and that which is physical. The issue has its origins in the ancient dualism of Plato and since then many solutions to the problem have been offered; the major ones, classified according to whether they are dualisms, monisms or compromises, follows; Dualisms; Interactionism, where in mind and body are assume to be separate acting and mutually influencing each other. Psychophysicalism (or parallelism), wherein mind and body are treated as two distinct, independent, but perfectly correlated elements. 3. WHO ACCEPT DUALISM : Despite the obviousness of this problem, and the amount of attention given to it, Descartes himself never took this issue very seriously. His response to Gassendi is a telling example: These questions presuppose amongst other things an explanation of the union between the soul and the body, which I have not yet dealt with at all. But I will say, for your benefit at least, that the whole problem contained in such questions arises simply from a supposition that is false and cannot in any way be proved, namely that, if the soul and the body are two substances whose nature is different, this prevents them from being able to act on each. So, Descartes response to the mind-body problem is twofold. First, Descartes contends that a response to this question presupposes an explanation of the union between the mind (or soul) and the body. Second, Descartes claims that the question itself stems from the false presupposition that two substances with completely different natures cannot act on each other. Further examination of these two points will occur in reverse order. Descartes principles of causation put forward in the  Third Meditation lie at the heart of this second presupposition. The relevant portion of this discussion is when Descartes argues that the less real cannot cause something that is more real, because the less real does not have enough reality to bring about something more real than itself. This principle applies on the general level of substances and modes. On this account, an infinite substance, that is, God, is the most real thing because only he requires nothing else in order to exist; created, finite substances are next most real, because they require only Gods creative and conservative activity in order to exist; and finally, modes are the least real, because they require a created substance and an infinite substance in order to exist. So, on this principle, a mode cannot cause the existence of a substance since modes are less real than finite substances. Similarly, a created, finite substance cannot cause the existence of a n infinite substance. But a finite substance can cause the existence of another finite substance or a mode (since modes are less real than substances). Hence, Descartes point could be that the completely diverse natures of mind and body do not violate this causal principle, since both are finite substances causing modes to exist in some other finite substance. This indicates further that the activity of the mind on the body does not require contact and motion, thereby suggesting that mind and body do not bear a mechanistic causal relation to each other. More will be said about this below. The first presupposition concerns an explanation of how the mind is united with the body. Descartes remarks about this issue are scattered across both his published works and his private correspondence. These texts indicate that Descartes did not maintain that voluntary bodily movements and sensation arise because of the causal interaction of mind and body by contact and motion. Rather, he maintains a version of the form-matter theory of soul-body union endorsed by some of his scholastic-Aristotelian predecessors and contemporaries. Although a close analysis of the texts in question cannot be conducted here, a brief summary of how this theory works for Descartes can be provided. Before providing this summary, however, it is important to disclaim that this scholastic-Aristotelian interpretation is a minority position amongst Descartes scholars. The traditional view maintains that Descartes human being is composed of two substances that causally interact in a mechanistic fashion. This traditional view led some of Descartes successors, such as Malebranche and Leibniz (who also believed in the real distinction of mind and body), to devise metaphysical systems wherein mind and body do not causally interact despite appearances to the contrary. Other philosophers considered the mind-body problem to be insurmountable, thereby denying their real distinction: they claim that everything is either extended (as is common nowadays) or mental (as George Berkeley argued in the 18th century). Indeed, this traditional, mechanistic interpretation of Descartes is so deeply ingrained in the minds of philosophers today, that most do not even bother to argue for it. However, a not able exception is Marleen Rozemond, who argues for the incompatibility of Descartes metaphysics with any scholastic-Aristotelian version of mind or soul-body union. Those interested in closely examining her arguments should consult her book  Descartess Dualism. A book arguing in favor of the scholastic-Aristotelian interpretation is entitled  Descartes and the Metaphysics of Human Nature. 4. DESCARTES VIEW ON DUALISM: Rene Descartes theory of Dualism is the most important dualistic theory in the history of philosophy. According to Descartes mind and body are totally different from each other. Body does not depend on mind and also mind does not depend on body. Ones nature does not present on other. The necessary nature of the body is extension and body is passive. But the necessary nature of the mind is consciousness, active and independent. According to Descartes consciousness is present only within human mind. It does not present in stone, wood like this kind of matter and not even animal also. Descartes thinks that human mind and body can never mix with each other. Mind lodged in body as a totally separate substance . And for this kind of lodged -relationship human can control their bodily movement as they want. According to Descartes body is like a machine and mind is like a controller of that machine. Here Descartes gives an example ,, The relation between mind and body is not like the relation between ship and the captain of the ship. Mind -body relation is a very close relation. Because if the ship damage or destroy, the captain does not feel any pain. But if there is any kind of pain in the human body, then it is painful for human mind also. So, we have to accept that mind body relation is a very close relation. Now Descartes talking about interactionism. Here he says that, in our daily life we can realize sometimes mind effect on body and sometimes body effect on mind. Sometimes mental activities causes bodily changes and sometimes bodily activity causes mental changes. Like , if mind is upset or disturb the strength of the body is down. And if mind is happy the strength of the body is grown up. Here mind is the cause of bodily changes. Likewise, if the body is ill then the thinking power of the mind is down automatically. And if the body is well then the thinking power of the mind will grow automatically. To describe all of these kinds of actions we need to accept the theory of interactionism. But if we follow Descartes dualism and take mind and body as a separate and opposite substance then this kind of interactionism is never possible. Because if there is no similarity between two things then no relation can possible between them. Because there must be a quantitative balance and qualitative resemblance between cause and effect. Descartes first take mind and body separate and opposite substance. And break all the relation between them. But after that he himself again mention about interactionism. Descartes has to face many problem for this kind of thinking. Because how can it would be possible to create any relation between two opposite kind of substance? Here Descartes solve the problem in two different ways. 1. In case of mind-body relation Descartes talking only about the relation of coexistence and the constitutive unity but not the unity of nature. According to Descartes if there is any constitutive unity then body and mind do not interact through their nature, the interact as an attachment of two separate object and through this interaction their distinctness do not change. 2. in the book of the passions of the soul Descartes says that, the relation between mind and body is not with the each and every part of the body. This relation is only with the pineal gland of the brain. This pituitary gland or pineal gland is the main and only gland for the relation of interactionism. Physical changes directly effect to the pineal gland and it is the cause of mental changes. Likewise mental think or mental will directly effect to the pineal gland. And this is the cause of physical changes. In the book of the passions of the soul Descartes tell this small gland seat of animal spirit. Body and mind effect on each other through this gland. So, according to Descartes the interactionism between two opposite kind of objects can happen indirectly with the help of the pineal gland. 5. CRITISISM AGAINST DESCARTES : There are many criticism of Descartes interactionism. Descartes mention constitutive unity`, but in this unity the nature of mind and body does not change- this solution is not acceptable. Because if there is any constitutive unity between two separate substance, then there must be some changes in their nature. Descartes accept the relation between mind and pineal gland. But the acceptation of only pineal gland without body could not solve the problem. It only replace the proble from one place to another. Mind influences pineal gland directly. This implies mind influences body because pineal gland is the part of the body. According to the casual rule of natural science interactionism or cause effect relation is not possible between two opposite kind of things like mind and body. The rule is that there must be some kind of quantitative balance and qualitative resemblance between cause and effect. The theory of interactionism about mind and body ignore the law of conservation of energy. According to this law the total energy of this material-world is constant. It only change from one form to another. But if we follow the interactionism we have to accept that when body effect on mind, some sort of bodily energy store into mind and total bodily energy (material energy) decreases and vice-versa. So, it ignore the rule of the law of conservation of energy. If we take mind as a separate substance from material body, we have to face those two problems a) The problem of identification. b) The problem of individuation. Because if conscious mind is invisible and untouchable, then how can we identify mind ? ( As conscious mind can not be situated in space ). And identification is not possible then individuation is also not possible . So, it is totally meaningless to accept mind totally separate from body. If there is nothing like mind except body, the problem of interactionism about mind and body will be a meaningless problem. Descartes says that extension is the necessary nature of matter. But it is not acceptable by modern scientist like, Lord Belfour, James jeans, Eddington and others. In modern science immaterializing the matter become possible. Matter is not a mere, extensive, solid substance. If we analyze matter, we will get some kind of energy like electron and proton at the last part of the division. And if energy is the main thing of the world then Descartes dualism is not acceptable. Because there s nothing like extendable matter. Conclusion: We can never deny the existence of mind. Only mind can deny mind, so that mind s establish. And we cannot deny the relation between mind and body in a very simple way. In our everyday experience we can feel that there is a cause-effect relation between mind and body.

Thursday, September 19, 2019

Economic Policy Essay -- essays research papers fc

Economic Policy The new economic policy of the united states should include cutting taxes, reducing governmental waste, and balance the budget by having a smaller more efficient federal government. It should include equal opportunity for financial security but not through a government sponsored redistribution of wealth program. Cutting taxes across the board including income tax rates, capital gains and estate taxes among others should provide a growth spurt for the economy. Allowing people and businesses to keep more of their hard earned money would enable them to spend more money. People would be able to buy more cars, refrigerators, homes etc. The businesses would be able to build new factories with better more efficient high tech equipment. These new factories and expanded businesses would employee more highly paid workers which would expand the tax base and allow us to be more competitive in the world marketplace. Reducing the taxes would also motivate people to work harder and save more. The way things are now people can not seem to get ahead no matter how hard they work. The harder they work the more the government takes while others who choose not to work hard or have not developed the skills to earn a decent wage reap the same and in many cases more benefits. For example student loans and grants for college board and tuition fees are largely unavailable to lower middle class families let alone middle and upper middle class people. Reducing taxes on businesses would also allow them to invert more on new product development and research which in many instances the federal government now subsidizes which requires management. This government management bureaucracy cost tax payers money and is unnecessary because free market demands and the extra money they would save from tax cuts would motivate businesses to fund these programs themselves. This is just an example of what a smaller more efficient federal government. "Citizens in the united states today pay 38.2 percent of there income in taxes every year" (RNC Talking Points). This is way to much money for Americans to be paying. "Cutting everyone's taxes by 15 percent and giving them a 500 dollar per child tax credit would cut a typical families tax bill in half, a... ...Review and Outlook Dole and Taxes." The Wall Street Journal 29 July 1996: A12 Sepp, Peter J. "Are Republicans Serious About Cutting Fat?" New York Times 30 Aug. 1995: A17 "Dole Hopes Tax-Cut Move Will Energize His Campaign, but Which taxes to Cut?" The Wall Street Journal 15 may 1996: A16 "A Vote for a Sensible Center." Business Week 18 Nov. 1996: 194 "The National Debt. It's Eating Us Alive!" Internet http://www.europa.com/~blugene/deficit/debt.html "The Balance Sheet -- August 11, 1995." Internet http://www.rnc.ogr/news/balance/bal-950815.html "RNC Talking Points Cutting Taxes and Balancing the Budget Bill Clinton's Dirty Little Secret: A $64 Billion Tax Increase" Internet http://www.rnc.org/news/talking/tp-960913.html

Wednesday, September 18, 2019

No Doubt :: essays research papers

In the begaining - In Anaheim California Eric Stefani Gwens older brother would write songs like (Stick it in a hole) about a pencil sharpener, and forcing Gwen to song with John their singer. In December of 1986 their singer John Spence quits and forces Gwen to sing at their first gig. In the summer of 1987 Gwen and Tony (their basses) start going out.December 21-1987 John Spence shots him self in a park in Anaheim Cal. In the spring of 1988 the heavy metal guitarist Tom, a college student,refuses his sisters offer to play in her band to play in No Doubt.In 1987-1988 part of the then underground-ska-scence, No Doubt built a huge following of " rude boys" and after numerous gig openings for the untouchables and fishbones, as well as their own all- ages show. In 1989-1990 No doubt evoled into a soild five piece unit, expanding their sound to include the style of each,natural evolvution shows opening for The Red Hot Chilli Peppers, Ziggy Martey, Mano Negra, their forbrace board sound that appealed to the college crowd. August of 1991 No doubt signs a "big" record contract with Interscope Records. October- December 1991, between working and driving to school (Tom's a music major, Gwen's a art major, and Tony and Adrion are psychology majors) the band drives to a Los Angeles studio as often as possible to record their debut album, a 14 song collection of older material as well as recently plained tracks. Finally in march of 1993 No Doubt begains the first sessions for what would be called Tragic Kingdom. Eric departs before the completion of Tragic Kingdom, and continues as a animator for the simpsons. After a seven year relationship, Tony gets clawstrophobic and dumps Gwen and after that she wrote "don't speak"an evoled from a love song to a broken heart song .January of 1996 several mounths after the release Tragic Kingdom debuts on billboards top 200 at no. 175 and the "just a girl" reaches no. 10 Tom who created the music guitar world " I always thought the song was cool but never thought the song would fly like it has , says Tom.June 1996 the song "spiderwebs" with music by Tony and Gwen penned not about their relationship , reaches no. 5 on the billboards.The band begins their first European tour, followed by dates in Austratia,New Zealand , and Indonesial in July 1996 Tragic Kingdom goes plamtinum and so does Gwens hair.

Tuesday, September 17, 2019

Business Meta-Ethics: an Analysis of Two Theories

Article Review? In the article â€Å"Business Meta-Ethics: An Analysis of two theories† written by â€Å"F. Neil Brandy and Craig P. Dunn† he has examined the two popular theories of ethics viz. traditional ethical theory (utilitarianism and deontological) and a recent model (consisting of utility, rights, justice). The writer differentiates and supports the traditional ethical theory by giving facts and practical examples. The writer starts the article by saying that presenting an ethical theory is impulsive. But, no doubt the theory of deontology and utilitarianism by Kant can’t be ignored.Many writers have added several other perspectives like egoism, virtue theory, theories of justice, rights, universalism, ethical relativism, ethics of caring etc. so, the writer says that the foundations of ethics are not secure. Humans are complex creatures and are hard to understand. No one theory will be able to prove it. Conversely, it would be quite interesting to under stand human behavior from different perspectives. After that the writer explains the human behavior by giving a very interesting example of automobile engine.He says that the engines have benefited by over and over refinement, but the fundamental design that came early (piston, turbine, electric etc. ) were not altered. Similarly, we need to make some fundamental decisions related to the basic understanding of a human behavior instead of hindering it. The main purpose of the writer is to focus and assess two dominant ethical theories for the managers. The first one is the â€Å"traditional ethical theory† viz. Kant’s theories of deontology and utilitarianism (DU) that have been considered competing but the recent research shows that they are complementing, not competing to each other.Kantian deontology and utilitarianism provides the ideals for decision making. The second one is the recent model of â€Å"utility-rights-justice model† (URJ). It opposes that there are three instead of two main requirements that completes the ethical business decision making namely, questions of utility, questions of rights and questions of justice. The writer intends to claim the precedence of traditional DU model. He proceeds by discussing three important points. First, that the URJ model can easily be simplified into the DU model. Second, he presents 3 practical cases to prove the superiority of DU model.Third, is the difference between universals and particulars. The writer explains the DU model first; he says that this model is often cited as dominant theory for application in business ethics. Other writers like Pastin (1986) say that this model is quite useful from a practical point of view. Pastin says that the two views â€Å"rule ethics† and â€Å"end-point ethics† are both included in his tool box for handling the hard problems of management. In 1985, Brady proposed a â€Å"Janus Headed† relationship of deontology and utilitaria nism are complementary and taken together, a reasonably comprehensive model of managerial decision making.In 1992, Cody and Lynn presented this idea in their book â€Å"honest Govt. † By saying that in real life, none of us is exclusively utilitarian or deontological. Our personal values reflect a mix of these view points, depending on issue. Sometimes we act solely as a matter of principle and sometimes we act practically utilitarian. Then the writer evaluates the URJ model. He says that this model attempted to act on the need to evaluate the political behavior in organizations. So, they made the 3 basic types of moral theories: utility, rights and justice. They urged that this model could be applied to political uses of power in organizations†.Two years later, Velasquez combined this model into his well-known book â€Å"Business ethics: Concept and Cases. Where he argued that the philosophy of Kant supplied â€Å"a more satisfied foundation for moral rights and he a dded a short discussion of categorical imperative with his claim. After introducing both the models, the writer gives the argument for the supremacy of DU model. Writer says that the URJ model abandons the deontological theory of Kant. It relies on the lesser known works The Metaphysical Elements of Justice (1797). Why did they cite Kant for his work on human rights but not cite him for his much important.And he says that the 3 basic kinds of moral theories; utilitarian, rights and justice seems imperfect. Writer says that the DU model encapsulates much of the URJ model. First, the issues of individual rights and duties are included under Kant’s deontological ethical theory. The DU model merges the rights and duties. Where one has rights, others have duties. Kant argues that the duties are strategically more important. Duties not only include duties to each other, but duties to family, community and environment. Certain duties are can’t be converted into someoneâ€℠¢s rights like paying taxes and towards environment.So, the idea of moral duty is more comprehensive than the individual right. DU model also encapsulates the justice prescription. URJ model says that the organizational rules must be clearly stated and consistently and impartially enforced. And the people must not be held responsible for the things they cannot control, if people are injured, the injuries must be compensated by those who are responsible for the injuries. The writer says that the same things are suggested by the existing theories and there is no need to for separate theories of justice.So, the URJ model is incomplete, as it neglects the historical deontological theory and it requires 3 categories, when only 2 are necessary. Now the writer illustrates by three short cases. 1. Political clout In this when there are to proposals that are equally at merit. So the dilemma is to be resolved procedurally. Now, on applicant applies pressure and succeeds in influencing the cho ice. For a utilitarian point of view, the decision makers did was wrong in the long term because it sets an example and it may encourage political behavior and risk the integrity of organization.A fair way would be to flip a coin. So the DU model gives a simple and appropriate analysis of case, without separate theories of justice. 2. Letter of recommendation Now a manager has to write a letter of recommendation for a problem employee. Now, he wants to be honest but it would be nice for a voluntary employee exit. If you look at it with a URJ model, utility would want a positive letter, because it would benefit the org. if we look at the rights, then the employee has the right to expect appraisal or not. In contrast to the DU model can do a better job, as the moral duty is to be honest. 3.Making an offer Suppose there is a position open at an org. and the supervisor responsible for it knows the exact person required for the job but the co. policies says to announce and publicize all openings, giving everyone a chance to apply. Should the manager open the chance or make an offer? Utility would say to make an offer but that will ignore company’s policy. So a deontological approach will recommend opening the search. So now, there’s no dilemma. But when we talk about the URJ model, then the dilemma will arise because of duty and utility conflict. After that the writer tells us about the status f universals and particulars in ethics. Deontological ethics thinks that all ethical prescriptions can be expressed as universal obligations. Rough examples include â€Å"do not kill’ and â€Å"always tell the truth†. Such principles try to observe the ways in which all humans can be alike. While, utilitarianism is a situational ethics. It requires that we attend to particularities of human living in case we fail to achieve good ends. In the conclusion the writer says that the advantages of DU model includes that it provides a genuine theory and l ays a secure foundation in the field of business ethics.The DU model has a relation to hold among the two variables of complement. Another advantage includes Kant’s universalizability. The writer has addressed the topic very nicely and has used a lot of references to prove and support his argument. But still I didn’t find the article very clear and it was confusing at times. The part of the article where he says that the moral duty is more strategic than individual right is not very persuasive. The writer didn’t end the 3 illustrations clearly. Otherwise, the writer explained the differences and advantages of DU model over URJ model very smoothly.