Public Argument Free Essay Example, 1000 words

When travelling, an individual can carry a library of books in a single electronic gadget. An individual may be in need to travel while reading and read many books over the journey. Carrying many printed books is tiresome. In the case of eBooks, an individual does not have to carry bag to put the books but can access them over the IPad, Laptop of iPhone while travelling. Point Two - Price: The eBooks are sold at lower price than the printed books because there is no printing fees and transportation cost incurred. In fact, there are some books that are available for free online but there is no book sold for free in a bookshop. What needed to access eBooks is an eBook reader, so an individual is only required to buy a reader and enjoy free books online (Tapscott 23). Point Three- Storage: Storage of many printed books needs a lot of space while storage of eBooks is done in a handheld reader like a computer or a phone. It is more convenient to store the eBooks than the printed books because the printed books can be damaged by water, sun rays while the eBooks can not be damaged (Gomez 89). We will write a custom essay sample on Public Argument or any topic specifically for you Only $17.96 $11.86/pageorder now Argument 2: Many publishers consider eBooks than Printed Books Point One –Technology: Currently, the books sellers are changing their mode of business. Technology has made many of the books publishers to prefer electronic services rather than physical printing. Marketing through social media has made many publishers to market books that can be viewed by the customers instantly over the internet (Bonk 68). Point Two- Increased eBook readers and eBook providers: Currently, the number of eBook providers has increased. There are many competitors who provide the eBooks than the printed books. Increased competition has led to a reduction of prices and also allocation of discount for purchased eBooks. The number of eBook readers is also increasing with many electronic devices manufacturers providing readers at a favourable price. Point Three-Availability of eBook reader devices: People can access the eBooks in phones, laptops and desktops which are available worldwide. The availability of publishers, technology favouring eBooks and readers shows that the world is changing and is in favour of eBooks rather than printed books (Bonk 18). To be Sure Despite the benefits enjoyed by eBook users, some people still think that printed books are more advantageous to use than the eBooks. Some people claim that the use of eBook is more complicated than the printed books. The eBooks needs a reader device which uses the power and some time subscription fee in order to access the eBooks platforms.

Social Responsibility And Its Impact On The Business

there were internal failures, more could have been done to ensure that the directors who were not acting ‘illegally’ acted with more consideration for their non-shareholders. Also, Freidman believed that the only reason why a company should act with social interests in mind is when it will further the profit making objective. This is also known as enlightened self-interest. This is part of the instrumental theories and is popular amongst corporations. A study found that this was the case in Australia. Three quarters of the businesses studied were accepting the importance of community involvement but only because it contributed to the ‘continuing health and growth of the business.’ Only 10% of which did so as a means of ‘giving back’ to the community without receiving returns. It must be questioned whether if corporations depart from the altruistic angle of social responsibility and into one that furthers self-interest it will still be regarded as ‘serving the public and society.’ If the answer is no, it can be said that it is unreasonable to want a corporation to act as though it has a conscience. Keith Davis negat es this view in his 1975 article, ‘Five propositions for Social Responsibility’ where he states that: Business is a major social institution so should bear the same kind of citizenship costs for society that an individual citizen bears. In addition, Freidman’s controversial views cannot be justified because evidence shows that ‘profit maximisation’ can still beShow MoreRelatedThe Impact Of Corporate Social Responsibility On Business1626 Words   |  7 Pages In contrast, this research shows that the impact of corporate social responsibility can extend beyond public relations and customer goodwill to influence the way consumers evaluate a company s products. Specifically, this research documents that acts of social goodwill--even when they are unrelated to the company s core business, as in the case of charitable giving--can alter product perceptions, such that products of companies engaged in prosocial activities are perceived as performing betterRead MoreThe Impact Of Social Responsibility On Business Organizations Essay1954 Words   |  8 PagesThroughout many years, numerous business organizations around the globe have not only determined Social Responsibility to be the key concept in leadin g an organization to success, but also many of these companies have recognized that this is now a significant ethical practice to incorporate into their business model. Although various firms are becoming increasingly involved in Social Responsibility, the question has been raised to determine the significance of implementing this concept within contemporaryRead MoreThe Social Performance Of Apple Incorporation And The Impact Of Corporate Social Responsibility On The Multinational Business Organization987 Words   |  4 Pagesyears, most business organizations have adopted various strategies that have enhanced the social performance in the society. Corporate social responsibility plays a fundamental role in improving the relationship between a business and the local community (Taylor, 2010). Social performance of a business can ensure that it builds the good reputation among the customers thus improving the sales of the firm. This paper examines the social performance of Apple inco rporation and the impact of corporateRead MoreThe Impact of Corporate Social Responsibility on Business Performance - Malte Kaufmann.Pdf Uploaded Successfully5307 Words   |  22 PagesTHE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON BUSINESS PERFORMANCE – CAN IT BE MEASURED, AND IF SO, HOW? The Berlin International Economics Congress 2012, March 7th-10th, 2012 Presented by Dd. Dipl.-Vw. Malte Kaufmann, The Bucharest Academy of Economic Studies malte.kaufmann@immo-kaufmann.de and Prof. Marieta Olaru, Ph. D., The Bucharest Academy of Economic Studies olaru.marieta@gmail.com Abstract This paper examines the question of measurability of the impact of Corporate Social ResponsibilityRead MoreSocial Responsibility Of A Business1444 Words   |  6 Pagesareas of business and nonprofit management. However, Cohen’s article on social responsibility drew a lot attention from other scholars like Friedman. In view of this, this paper will discuss and define the concept of social responsibility of a business to its workers, stakeholders, and society; how the perspectives align with that of Drucker; comparing Cohen’s opinion with that of Friedman and finally determines which of the two individual’s opinion best aligns with the current business climate promotingRead MoreCorporate Social Responsibility Definition1011 Words   |  5 PagesThis research study is about what the Corporate Social Responsibility (CSR) is, how people define and how I understand this term? According to my research and observations, CSR does not have only one and constant definition. I have read a lot of definitions of CSR and in fact, they are similar but not the same. Briefly, definition and understanding of CSR depends on person to person. Thus, I am going to talk about definitions of the CSR and I will define my own perspective about the CSR. Read MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreCorporate Social Responsibility ( Csr ) Encompasses Business Practices Involving Actions988 Words   |  4 PagesCorporate Social Responsibility Corporate social responsibility (CSR) encompasses business practices involving actions that benefit the organization and the stakeholders, which comprises of the society (Schermerhorn, 2012). â€Å"CSR is becoming more mainstream because pioneer companies are embedding sustainability into the core of their business operations to create shared values collectively for business and society.† - Liz Maw Understanding Microsoft’s Corporate Social Responsibilities MicrosoftRead MoreCorporate Social Responsibility On A Social Level1086 Words   |  5 Pageslarge progressive company operates in the corporate world as well as fulfills their corporate responsibility on a social level. While corporate responsibility is important, it is always viewed through the fiscal viability dimension of the maelstrom. The business case dominates the representation and operationalization of corporate responsibility. Due to the increased public sensitivity to corporate responsibility, the attitude has evolved from the unnecessary intrusion, through proactive operation focusRead MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiatives

Morality of Homosexuality According to Rachels Free Essays

The ethics and morality of homosexuality and homosexual acts have been debated and questioned by many groups of people using several moral approaches to argue their point. It seems that the group of people who are most against homosexuality are religious groups, specifically Christians. Homosexuality however is not morally wrong and many arguments will be presented to refute the claims by those who do believe that homosexuality is unethical and morally wrong. We will write a custom essay sample on Morality of Homosexuality According to Rachels or any similar topic only for you Order Now The approaches that is used the most to argue that homosexuality and the acts that are involved are morally wrong which is used most by Christians is the Theory of Natural Law. Now there are three main points to this theory and the first point is that it is believed that â€Å"everything in nature has a purpose† (Rachels Rachels, 2012). Aristotle, who is very well known and respected stated that if everyone believes that nature makes objects for a specific purpose, and that this believe is correct, then, nature makes things for the sake of man. Christians believe that God created things in nature for a specific plan and so if that specific plan can not be carried out, then it should not be done and therefore is morally wrong. To connect this part of the Theory of Natural Law to thoughts about homosexuality, one of the main arguments against homosexual acts is that it is â€Å"unnatural. † Christians believe the act of homosexual sex is immoral because it does not end in the production of life, which according to them are the main purposes of sex, to create life. This argument is easily refuted however. When using the evolutionary sense of the term â€Å"unnatural,† which is how most Christians use it in their arguments, they mean that homosexuality is morally wrong because it involves the unnatural use of body parts. It is believed by some, that because God had created genitals and the act of sex for procreation, and homosexual sex can not end in procreation, that those individuals engaging in those acts are using their body parts for something it they were not intended for. Therefore, what they are doing is wrong. However, there are many couples that are sterile, who will never have the opportunity to procreate, and yet as long as the sex is heterosexual, Christians do not condemn them. The Roman Catholic church who does not agree with the use of birth control, still allows couples to have sex if they are infertile or during pregnancy (Mappes, Zembaty DeGrazia, 2012). Therefore the Catholic church can claim that if the body parts are not being used for the purpose of procreation then it is unnatural and immoral otherwise they would be contradicting their own practices. Besides, as pointed out in the book by Mappes, Zembaty DeGrazia (2012), we have multiple purposes for our organs and body parts. Just because we use our mouths to not only breath, consume nutrients and communicate, but also to chew gum and lick stamps, does not mean that those acts are immoral. Even though our moths were not originally intended to chew gum or lick stamps, does not mean that those acts are unethical. Besides, it is also recognized by Christians that a second purpose of heterosexual sex is to bond and connect with your partner and to express love. Homosexuals use their genitals during sexual acts for those same reasons as well. So, it stands to show that Homosexuality and Homosexual sex are not immoral and unethical due to the â€Å"unnatural† use of their sex organs. A second part to the Theory of Natural Law is the belief that all things unnatural are bad and that what is and what ought to be should be the same or else it is morally wrong. The example that Rachels Rachels (2012) gives is that Beneficence is morally right. That we should always act in the best interest of others because we care. If we do not care and therefore are not working in the best interest of others, then were are not being beneficent and that is morally wrong. Those who do not care and do not practice beneficence are often regarded as wrong. For example, these such individuals may be diagnoses with a mental illness called antisocial personality disorder because those who do not care, couldn’t possibly be well. It is believed that these individuals ways of thinking are wrong and therefore should be fixed. So, because society believes that people ought to be beneficent and therefore if they are not, then their actions are morally wrong. Rachels Rachels (2012) then points out that sex produces babies, that is fact. But does it then follow that sex ought to produces babies? Not necessarily. Those who have genetic mutations that could produce offspring with those same genetic mutations or diseases could be said ought not to have babies because it would perpetuate pain and suffering. Should it follow then those individuals ought not to have sex at all? It is not considered morally wrong for those with genetic illness to have sex, but it maybe thought to be morally wrong for them to produce a child. So, what is and what ought to be are different. In regards to Homosexuality, some believe that those individuals ought not to have sex because it is not an innate desire and therefore is unnatural. And as stated before that in which is unnatural ought not to occur according to the Theory of Natural Law. It is argued that References Rachels, J. , Rachels, S. (2012). The elements of moral philosophy. New York, NY: McGraw-Hill. Mappes, T. A. , Zembaty, J. S. , DeGrazia, D. (2012). Social Ethics: Morality and Social Policy. New York, NY: McGraw-Hill. How to cite Morality of Homosexuality According to Rachels, Papers

Factors Affect Personal Financial Management -Myassignmenthelp.Com

Question: Discuss About The Factors Affect Personal Financial Management? Answer: Introduction: The report is prepared to demonstrate the understanding of the macro economic factors affecting the operations of company and industry as a whole using PEST analysis. Company that has been selected for the explanation is Michael Hills and Lovisa Holdings limited that operates in fashion retail sectors. Michael Hills is a retail jeweler chain operating in many countries such as Australia, New Zealand, United States and Canada (Michaelhill.com.au 2018). It provides its customers with exquisite range of diamond jewellery, diamond engagement rings, bracelets, earrings, watches and charms. Lovisa was established in year 2010 and exploded in fashion accessories, operates through 300 stores worldwide and have established themselves in fourteen countries (Lovisa.com 2018). Analysis of industry to which these two companies belongs is done by using Porters five forces. Moreover, later part of report explains competitive strategy of company, its growth potential and key success factors. In this section, analysis of fashion industry of Australia is done by explaining several macro-economic factors using PEST analysis. Analysis of economy: Political factors- Legal issues of any particular country have considerable impacts on fashion industry and such issues involve permission grants and rewards available to new fashion designer. Fashion retailers in Australia such as Michael Hills and Lovisa Holdings are currently facing with issues pertaining to no protection for unregistered designs. However, the reciprocal rights governing copyrights in fashion industry will enable retailers to enjoy same level of copyright protection. Changes in copyright will assist the mass produced artistic works will enable them to enjoy considerable longer period of protection for their copyright (Fenna 2015). Economic factors- Companies operating in fashion industry is influenced by wide range of economic factors. Strategy of retailers is impacted to considerable extent by the amount of disposable income of consumers. Product quality of fashion retailers might be enhanced since price factor simply scoops in higher profits. The development of fashion clusters across major cities has resulted due to shift in manufacturing practices and geographical displacement of fashion industry. Development of fashion industry in Australia has been supported by lower interest rate and lower inflation rate of country. Domestic economic of country is driven by slump in oil price and trend of cutting interest rates (Gardetti and Torres, 2017). Therefore, the stable position of Australian economy will help in supporting the growth of fashion industry and thereby affecting the performance of both the companies. One of the ongoing real estate trends for retail floor space for fashion retailers is influencing f ashion industry. This has resulted in increasing number of retailers for selecting nontraditional locations for their premises. Social factors- Social factors driving change in fashion industry in Australia involves lifestyle trends, consumer trends, media options, branding, demographics, ethical issues and advertising image. The attitude of people towards fashion in Australia is changing and people are becoming more fashion conscious and this has a direct impact of fashion retailers corporate strategy. People are brainwashed by the advertising campaign of companies and they inclination of embracing fast fashion has considerable influence on retail fashion business (Hatfield et al. 2015). Technological factors- The shopping experience of customers and the corporate strategy of fashion retailers are shaped by the advancement in technology such as video content, high-resolution imagery, reviews and recommendations of products along with detailed descriptions. Many fashion retailers in Australia have commenced their online journey by formulating new strategies. Evolvement of technology is witnesses at rapid rate both from perspective of retailer and consumers (Chan et al. 2017). It is required by Australian fashion retailers to make investment and embrace online shopping by making planning and proper investment in development of new operating model. Such model will help in accommodating rapid technological development and meeting the increasing needs of sophisticated consumers. Industry analysis: Fashion and jewellery industry is one of the rising industries, which is posed with the glittering future and sustainable growth owing to their magnitude of service. Since decades, heritage luxury jewellery brands are the market leaders in their respective organisations. With global sales figure of 148 billion euro, fashion and jewellery industry is growing at 5% to 6% annual growth rate (Soni and Gulati 2016). According to the Panayiotou and Katimertzoglou (2015) there has been certain lag in the jewellery industry to cope up with the present market demand, however, depending upon the brand like Michael Hills, fashion industry is gaining momentum. Among many players in the jewellery and fashion industry, Michael hills, is one of the best organisations, which is popular for production of appealing and distinct jewelleries since 1979 (Michaelhill.com 2018). With their in-house master of craftsmanship and dedicate team of designers, the brand has gained much amount of popularity. For t his report Michael hills, is the selected organisation, which is known for their explicit craftsmanship, wide range of jewelleries and global vision. Owing to their outstanding features, the brand has topped the Australian market and presently it serves countries like New Zealand, Canada, United States and other with their 296 retail chain around the world (Parsons and Wilkinson 2015). Thus, it can be considered as the top performer in the middle range firms in the case of jewellery and fashion industry that enjoys market share of 6.6% with market capitalisation of 492.05 million USD (Kennedy 2015). Competitor of the selected company: Michael Hills is one of the market leaders, when it comes to the explicit jewelleries along with exclusive diamond collection that adds a lot to the fashion sense of the wearer. Being one of the market leaders, Michael fashion has many competitors, however, among them; Lovisa Holding Limited can be acknowledged as the main competitor of the selected organisation. Lovisa was introduced back in 2010 and since then it has transformed itself to become where it is now. For instance, it has 300 retail stores around countries like Australia, Singapore, South Africa, Australia and other countries (Kieser 2018). With its wide range of products, and exclusive services, Lovisa has become a market leader in the Australia and other countries that possess great potential to prosper in future. According to the Live Stock Exchange Rate, price of the products from this brand is rising, which showcase demand of Lovisa is rising at a steady rate (Perez 2015). Porters Five Forces analysis of the industry: Porters Five Forces analysis is an approach to find out the competitiveness of a given industry (Anton 2015). In this report fashion and jewellery industry has been considered for discussion and the Porters Five Forces analysis for the given industry is as follows: Buyer power Fashion and jewellery industry has little amount of bargaining power due to the fact that there is large amount of players in the market. Price is determined depending upon the supply and demand equilibrium and scope of direct bargaining power is low. However, there is little incentive to keep attached with a particular brand that provides some amount of bargaining power, which is indirect in nature (Rothaermel 2016). Supplier power Fashion industry provides little amount of supplier power to the producer owing to the fact that they do not have control over the market. Price is decided depending upon the demand and supply situation that reduce the supplier power. Competitive rivalry fashion and jewellery industry has large amount of supplier that makes it an oligopolistic market. However, there is certain amount of brand preference that makes the market an interesting one. With close substitute products, most of the brand provides similar kind of goods and services that makes the market saturated and hard one to penetrate by the new entrants (Anton 2015). However, with the help of new designs and ideas, brands can have competitive edge compared to its rivals. Threats from new entrants There is high risk in the case of the fashion and jewellery industry, however, there is great scope of high return too. With ever increasing demand of new design and ideas, threats from new entrants is comparatively high (Rothaermel 2016). Threat of substitution threat from substitution is negligible in the case of fashion and jewellery industry. With saturated market condition, firms are now producing similar products that reduce the threat of substitution. Growth potential of the industry: Jewelleries and fashion industry is one of the rising sector that has been growing with an annual growth rate of 5% to 6%. With huge amount of annual turnover, fashion and jewellery industry is expected to have higher growth potential by the 2020 (Dauriz, Remy and Tochtermann 2014). According to the statistics, the industry will have 10% annual growth rate within next three years. Moreover, Dauriz and Tochtermann (2017) also highlights that if the industry can successfully capture the attention of people who are older than 18 to 34 years, fashion and jewellery industry will face much higher growth rate compared to present forecast. Brands like Michael Hills possess great amount of importance in this regards because with the help of their exclusive services and wide array of product varieties, fashion and jewellery industry can be highly benefited. According to the study of Esty, Gross and Pickle (2017), among many verities of fashion and jewellery industry, firms that produce exclusi ve diamond jewelleries are expected to have higher demand and they possess highest amount of earning potential. Michael Hills and Lovisa Holding Limited, both is the exclusive diamond jewellery producer, thus they too have high potential to grow in future, however, which firm tops the market, will dependable upon the strategic decision of the firms. Competitive and corporate strategy of selected organisation: Strategic planning is one of the crucial factors that aid the firm to reduce its financial problem and shift the focus of the managers from profitability of the firm to the sustainability of the firm. With the help of competitive and corporate strategy organisations can not only avail the organisational goal (Rugman and Verbeke 2017). Moreover, it will help the firm to avail sustainability in long run. Competitive and corporate strategy of the Michael Hills, which is one of the most famous brands in fashion and jewellery industry, is as follows: Competitive strategy of the selected company: Among many organisations, Michael Hills is one of the famous multi-speciality fashion and jewellery brands that have been operating in various countries since 1979. By the end of 1987, the brand opened more than 10 stores in various countries around the world (Longley 2017). The brand has been producing differentiated services and products, thus creating value for the brand since decades. The brand is aimed to align itself with the latest trend of the market. This will provide the firm a scope to enhance its market base compared to its rival firms. The firm is aimed to provide best shopping facility to their customers, using which the firm devote it to achieve exclusiveness that is beneficial for the growth of the firm (Wesener 2016). Besides this, as the core competencies strategy, Michael Hills offers best price in the market, which provides competitive advantage to the firm. All the branches located near the city centre, helps the Michael Hills to become one of the best firm in th e fashion and jewellery industry. Raw materials that the firm chooses for their goods and services are sourced by the certified suppliers that provide better longevity and durability of the products. In addition the firm employees only the educated and experienced employees that help the firm to provide best in class service compared to its rival companies. Online customer service and online retail stores help the firm to gain great amount customer base. Corporate strategy of the selected company: Michael Hills is one of the top level fashion and jewellery firm that lies in the middle range and the firm always aims to maintain god corporate governance, which not only help it to have a strong market holding, moreover provide it ability to stand out from the crowd. As their corporate strategy the firm uses low level of capital expenditure roll out policy, where cost is minimised using the small store layout (Parsons and Wilkinson 2015). Moreover, depending upon the political, social and environmental condition of the place of operation, the firm alters their mode of operation that gives them competitive advantage and let it align with the local policies. In addition international store roll out policy of the firm always helped it to hold its stand in the market. Culture of continuous development and well versed management team with high international retail exposure Michael Hills always try to keep track record of profitable and rapid growth (Coolier, Probert and Jeffries 2016). Customer base marketing strategy of Michael Hills helped the firm to become one of the renowned firms in various countries. Accounting Analysis Michael Hill Inherent Risk Accounts Impacted Control Measures Market Risk- Foreign Exchange Foreign Exchange risk is considered to be arising from the future commercial transactions and the recognition of the assets and liabilities which are denominated in the currency which is not the functional currency. The group is designed to be having significant risk in buying foreign exchange contracts of different foreign currencies in the future at the pre-determined exchange rate (Terlizzi, Meirelles and de Moraes 2016). -Cash and cash equivalents -Trade receivables -Forward exchange contracts The company is designed to use cash flow forecasting sensitivity analysis to tackle this problem. Liquidity risk- The significant exposures pertaining to liquidity risk is considered with borrowings and other liabilities. There is a sufficient problem associated to the risks with the availability of cash and marketable securities. In addition to this, there is significant scope of uncertainty pertaining to adequate amount of credit facilities (Talonpoika et al. 2016). -Current Liabilities -Borrowings The management has ensured that there is sufficient availability for borrowing facilities and committed credit lines. Credit risk- This particular risk is seen to be based on availability of cash and cash equivalents along with trade receivables. There may be significant problem with the credibility of the company is associated to increased debt which may not allow the company to borrow finance from banks or other financial institutions. The group incurs the credit risk from trade receivables (Hayes 2014). -Impaired Trade Receivables -Short-term deposits The management of credit risk is followed by settling the sales to retail customers via cash or major credit cards. Lovisa Holdings Inherent Risk Accounts Impacted Control Measures Credit Risk- The credit risk of the company is associated to financial loss to the group in case a counterparty fails to meet its contractual obligations. This particular risk factor is seen to be recorded with the consolidated statement of financial position which has the carrying amounts of receivables assets. This particular risk is also recognized with cash and cash equivalents along with the derivatives with banks and other financial institutions (Dowdell, Herda and Notbohm 2014). -Short-term deposits The company recognizes the credit risk in terms of considering the carrying amount of the receivable assets along with net provision for doubtful debts. Currency risk- The currency risk of the company is considered with mismatch of currencies forwarded to the borrowings, sales and purchases are denominated in terms of respective functional currencies of the group. The presentation of the currency is primarily denominated in Australian dollar, Singapore dollar, US dollar, British pound and South African Rand. It needs to be discerned that there is a significant scope of mismatch in the currency during exposure to purchases (Feng et al. 2015). -Cash and cash equivalents -Trade Receivables -Trade Payables The company takes significant measures for foreign exchange policies exposure to protect profit margins. This is done by entering into forward exchange contracts along with currency options specifically with the changes related to USD against AUD. Liquidity risk- This risk factor of the company is taken into account with the difficulties in meeting the obligations related to the financial liabilities which are settled by delivering cash or other financial assets (Thi, Mien and Thao 2015). -Trade Payables -Bank Overdrafts -Secured Bank Loans This particular risk is managed by the company by ensuring there is sufficient liquidity to meet the liabilities which are due under stressed and normal situations. Cross-Sectional analysis The depiction of the cross-sectional analysis is included with the ratios such as calculation of operating margin analysis, investment management analysis and assessment of financial leverage. The inclusion of the operating margin analysis is discerned with the ratio calculation such as days sales outstanding, days payable outstanding, days sales in inventory and asset turnover ratio. The investment management consideration is evaluated with the factors such as earnings per share, price earnings ratio, earning yield ratio and dividend yield ratio. The cross-sectional study associated to financial leverage is taken into account with debt to capital ratio, debt to asset ratio, debt to equity ratio and equity ratio (Bonaim, Hankins and Harford 2014). Operating Management Analysis The depictions made as per day sales outstanding clearly shows that over the time Michael Hills has been able to reduce the number of days on an average which a customer takes to pay the invoices. On the other hand, Lovisa is discerned with the fluctuating trend of day sales outstanding which is evident with increasing credit problems in the recent times. As part of the depictions of days payable outstanding for Michael Hills, the company is able to manage its cash flows efficiently to reduce the time taken to pay its bills to the vendors, creditors and suppliers. On the other hand, Lovisa is unable to maintain a short time span for DSP which is mainly due to increasing liabilities with the third-party and suppliers (Fernandes, Lynch and Netemeyer 2014). Michael Hills days sales and inventory demonstrates that the company has taken a considerable amount of time to sell its average inventory and hold the items for a longer period of time during the specified year. On the contrary, Lovisa is depicted with the fluctuating trend of time taken to sell the inventory, however it is clearly in a better position in compared to the former company. The main inference of asset turnover ratio for Michael Hills suggests that the company is in an average position to generate sales by using its assets. Despite of significant improvements over the years in terms of generating higher sales with the assets, Lovisa is clearly in a better position (Karadag 2015). Investment management analysis The earning per share interpretation of Michael Hills clearly suggests that over the year the companys profit allocated to the outstanding share of common stock has reduced and this indicates that it is in her lower profitability situation. Lovisa on the other hand is able to allocate more profit to each outstanding share of common stock. As for the evaluation of price-earnings ratio Michael Hills has depicted fluctuating trend for measure of current share price in relative to earnings per share. However, Lovisa has indicated a linear growth for increasing its current share price against share of earnings. The evaluation of earnings yield has suggested that Michael Hills percentage of each dollar invested in the stock is reducing in terms of stock earned by the company. Lovisa has indicated a constant growth for each dollar invested in the stock earned by the company. Michael Hills dividend ratio has shown considerable amount of returns against the dividends declared by the company d oing the year. Lovisa on the other hand, is depicted with the reducing return for the dividends (De Jong et al. 2014). Financial Leverage Analysis As per the information available for Canadian public debt, the countrys overall debt to GDP stands at 66%. This shows that Michael Hills is able to maintain low debt to capital ratio in compared to general industry average for all the four years. The Austrian government debt clearly suggests that the percentage of government debt to GDP in 2016-2017 was estimated at 18.9%. Lovisa has not been able to demonstrate a strong financial position as the companys debt to capital ratio is significantly high in compared to the industry average (Illmeyer et al. 2017). The interpretations for the debt to asset ratio suggest that both Michael Hills and Lovisa is financed with same percentage of assets in terms of debt. The assessment of debt to equity ratio for Lovisa has suggested that the company uses relatively less shareholders equity and debt to finance the available assets. Michael Hills on the other hand, has a greater leverage for financing the borrowings with the assets however, this is at the cost of a greater financial risk for the company. The interpretations of the equity ratio clearly suggest that both the companies are at the same platform when they are compared in terms of total availability of equity and common shareholders equity (Fazli Sabri and Tze Juen 2014). Times Series Analysis for operating management This data clearly shows that over the time Lovisa is able to increase all the parameters of days sales outstanding, days payable outstanding, days sales in inventory and asset turnover ratio. The significant increase for Lovisa as per the operating management elements are seen to increase in the time period of 2015 and 2016. The recent performance interpretations of Michael Hills have considered significant improvements in the financial aspects. This is clearly depicted with the available results of 2017. Times Series Analysis for operating management This section of the study is able to suggest that Michael Hills is able to demonstrate a significant increase in financial leverage which taken into account with debt to capital ratio, debt to asset ratio, debt to equity ratio and equity ratio. The significant increase of year for Michael Hills is considered with 2015, however Lovisa has shown tremendous growth potential in 2017. Prospective Analysis The interpretations of prospective analysis are based on forecasting of sales growth rate, NOPAT margin, WC to sales, LT assets to sales, Debt ratio, after-tax cost of debt, dividend rate. As per the prospective analysis of the company the beginning book value is significantly lesser than the value beyond forecast period. However, it needs to be noted that the companies value beyond the forecast horizon is significantly high which also highlights the risk factor is related to the project. In addition to this, there is a significant scope of improvement for value per share (Castrogiovanni et al. 2016). The prospective analysis of the study is a to depict on alternative approaches to avoid the inclusion of nontraded funds. The valuation summary is able to suggest on models which might be used by nontraded firms for the purpose of assessment of overall value creation. Based on the interpretations of valuation summary the overall performance of the company is considered to be average in nature. As for the depiction of financial report there has been no instance of abnormal loss faced by Michael Hills. In addition to this, the different aspects of prospective analysis in terms of assessing net profit after tax it is clearly discerned that the overall NPAT of the company has shown considerable amount of improvement over four years. Despite of the increasing net profit after tax, the groups working capital ratio of 3:1 is able to demonstrate an average financial position of the company (Baos-Caballero, Garca-Teruel and Martnez-Solano 2014). Recommendation The accounting analysis of Michael Hills identification of 3 potential red flags of the company and identify 3 key accounts in their balance sheet/income statement has shown the inherent risks of the company in terms of Market Risk as per Foreign Exchange risk are considered with Market Risk related to Foreign Exchange risk which depicts that the Foreign Exchange risk is considered to be arising from the future commercial transactions and the recognition of the assets and liabilities which are denominated in the currency which is not the functional currency. The impact on the respective accounts are considered with Cash and cash equivalents, Trade receivables and Forward exchange contracts. The company is designed to use cash flow forecasting sensitivity analysis to tackle this problem. The significant exposures pertaining to liquidity risk is considered with borrowings and other liabilities. There is a sufficient problem associated to the risks with the availability of cash and mark etable securities. In addition to this, there is significant scope of uncertainty pertaining to adequate amount of credit facilities. That accounts impacted includes Cash and cash equivalents, Trade receivables and Forward exchange contracts. Michael Hill is designed to use cash flow forecasting sensitivity analysis to tackle this problem. The credit risk is considered with problem with the credibility of the company is associated to increased debt which may not allow the company to borrow finance from banks or other financial institutions. The group incurs the credit risk from trade receivables. Investment management analysis clearly depicts that over of years profit allocated to the outstanding share of common stock has reduced and this indicates that it is in her lower profitability situation. The interpretations for the debt to asset ratio suggest that both Michael Hills and Lovisa is financed with same percentage of assets in terms of debt. The assessment of debt to equity rati o for Lovisa has suggested that the company uses relatively less shareholders equity and debt to finance the available assets. Conclusion The discourse of teh study has shown Michael Hills is one of the market leaders, when it comes to the explicit jewelleries along with exclusive diamond collection that adds a lot to the fashion sense of the wearer. Being one of the market leaders, Michael fashion has many competitors, however, among them; Lovisa Holding Limited can be acknowledged as the main competitor of the selected organisation. Michael Hills is considered one of the famous multi-speciality fashion and jewellery brands that have been operating in various countries since 1979. By the end of 1987, the brand opened more than 10 stores in various countries around the world. However, as per the finacial position Lovisa Holding Limited is in a better position. References list: Anton, R., 2015. An Integrated Strategy Framework (ISF) for Combining Porter's 5-Forces, Diamond, PESTEL, and SWOT Analysis. Baos-Caballero, S., Garca-Teruel, P. J. and Martnez-Solano, P. (2014) Working capital management, corporate performance, and financial constraints, Journal of Business Research, 67(3), pp. 332338. doi: 10.1016/j.jbusres.2013.01.016. Bonaim, A. A., Hankins, K. W. and Harford, J. (2014) Financial flexibility, risk management, and payout choice, Review of Financial Studies, 27(4), pp. 10741101. doi: 10.1093/rfs/hht045. Castrogiovanni, G. et al. (2016) Where to acquire knowledge: Adapting knowledge management to financial institutions, Journal of Business Research, 69(5), pp. 18121816. doi: 10.1016/j.jbusres.2015.10.061. Chan, A.T., Ngai, E.W. and Moon, K.K., 2017. The effects of strategic and manufacturing flexibilities and supply chain agility on firm performance in the fashion industry.European Journal of Operational Research,259(2), pp.486-499. Collier, K.J., Probert, P.K. and Jeffries, M., 2016. Conservation of aquatic invertebrates: concerns, challenges and conundrums.Aquatic Conservation: Marine and Freshwater Ecosystems,26(5), pp.817-837. Dauriz, L. and Tochtermann, T., 2017. Jewelry 2020On the Heels of Apparel. InLuxusmarkenmanagement(pp. 201-212). Springer Gabler, Wiesbaden. Dauriz, L., Remy, N. and Tochtermann, T., 2014. A multifaceted future: The jewelry industry in 2020.Retrieved on December,4, p.2014. de Jong, A. et al. (2014) How does earnings management influence investors perceptions of firm value? Survey evidence from financial analysts, Review of Accounting Studies, 19(2), pp. 606627. doi: 10.1007/s11142-013-9250-y. Dowdell, T. D., Herda, D. N. and Notbohm, M. A. (2014) Do management reports on internal control over financial reporting improve financial reporting?, Research in Accounting Regulation, 26(1), pp. 104109. doi: 10.1016/j.racreg.2014.02.011. Esty, B., Gross, D.P. and Pickle, L.G., 2017. The De Beers Group: Exploring the Diamond Reselling Opportunity. Fazli Sabri, M. and Tze Juen, T. (2014) The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector, Asian Social Science, 10(14), pp. 4051. doi: 10.5539/ass.v10n14p40. Feng, T. et al. (2015) Environmental management systems and financial performance: The joint effect of switching cost and competitive intensity, Journal of Cleaner Production. doi: 10.1016/j.jclepro.2015.11.038. Fenna, A., 2015. The Economic Context of Policy Analysis in Australia.Policy Analysis in Australia,6, p.37. Fernandes, D., Lynch, J. G. and Netemeyer, R. G. (2014) Financial Literacy, Financial Education, and Downstream Financial Behaviors, Management Science, 60(8), pp. 18611883. doi: 10.1287/mnsc.2013.1849. Fleisher, C.S. and Bensoussan, B.E., 2015.Business and competitive analysis: effective application of new and classic methods. FT Press. Gardetti, M.A. and Torres, A.L. eds., 2017.Sustainability in fashion and textiles: values, design, production and consumption. Routledge. Hatfield-Dodds, S., Schandl, H., Adams, P.D., Baynes, T.M., Brinsmead, T.S., Bryan, B.A., Chiew, F.H., Graham, P.W., Grundy, M., Harwood, T. and McCallum, R., 2015. Australia is free to chooseeconomic growth and falling environmental pressures.Nature,527(7576), p.49. Hayes, R. M. (2014) Discussion of Audit committee financial expertise and earnings management: The role of status by Badolato, Donelson, and Ege (2014), Journal of Accounting and Economics, 58(23), pp. 231239. doi: 10.1016/j.jacceco.2014.08.005. Illmeyer, M. et al. (2017) THE IMPACT OF FINANCIAL MANAGEMENT ON INNOVATION, Entrepreneurship and Sustainability Issues, 551(515), pp. 5871. doi: 10.9770/jesi.2017.5.1(5). Karadag, H. (2015) Financial Management Challenges In Small and Medium-Sized Enterprises: A Strategic Management Approach, Emerging Markets Journal, 5(1), pp. 2640. doi: 10.5195/emaj.2015.67. Kennedy, J., 2015. Embracing the tall poppy: overcoming tradition in customer jewellery design preference. Kieser, D., 2018. Driverless vehicles and their impact on your portfolio.Equity,32(1), p.4. Longley, A., 2017. I wanted to find you by inhabiting your tongue: Mistranslating between words and dance in choreographic practice.Choreographic Practices,8(1), pp.27-49. Lovisa.com. (2018).About. [online] Available at: https://www.lovisa.com/investors/ [Accessed 1 Feb. 2018]. Michaelhill.com. (2018).The Story Behind The Shine | Michaelhill.com. [online] Available at: https://www.michaelhill.com/michael+hill+story.html [Accessed 1 Feb. 2018]. Michaelhill.com.au. (2018).Engagement Rings, Watches, Necklaces Jewellery - Michaelhill.com.au. [online] Available at: https://www.michaelhill.com.au/ [Accessed 1 Feb. 2018]. Okonkwo, U., 2016.Luxury fashion branding: trends, tactics, techniques. Springer. Panayiotou, N.A. and Katimertzoglou, P.K., 2015. Micro firms internet adoption patterns: the case of the Greek jewellery industry.Journal of Enterprise Information Management,28(4), pp.508-530. Parsons, A. and Wilkinson, H., 2015. Retailing in New Zealand: Where Are We and Where To Next?. InEuropean Retail Research(pp. 141-160). Springer Gabler, Wiesbaden. Parsons, A. and Wilkinson, H., 2015. Retailing in New Zealand: Where Are We and Where To Next?. InEuropean Retail Research(pp. 141-160). Springer Gabler, Wiesbaden. Perez, A.A., 2015. THE MINERAL INDUSTRY OF SWEDEN.Minerals Yearbook: Area Reports: International Review 2012 Europe and Central Eurasia,3, p.38. Rothaermel, F.T., 2016. Competitive advantage in technology intensive industries. InTechnological innovation: Generating economic results(pp. 233-256). Emerald Group Publishing Limited. Rugman, A.M. and Verbeke, A., 2017.Global corporate strategy and trade policy(Vol. 12). Routledge. Soni, T. and Gulati, R., 2016. KEYWORDS Jewellery Preferences, Customer Satisfaction, Buying Purpose, Customer Occupation and Income.A STUDY ON THE CUSTOMER PREFERENCES TOWARDS JEWELLERY IN BAREILLY MARKET., (84). Talonpoika, A.-M. et al. (2016) Defined strategies for financial working capital management, International Journal of Managerial Finance, 12(3), pp. 277294. doi: 10.1108/IJMF-11-2014-0178. Terlizzi, M. A., Meirelles, F. de S. and de Moraes, H. R. O. C. (2016) Barriers to the use of an IT Project Management Methodology in a large financial institution, International Journal of Project Management, 34(3), pp. 467479. doi: 10.1016/j.ijproman.2015.12.005. Thi, N., Mien, N. and Thao, T. P. (2015) Factors Affecting Personal Financial Management Behaviors: Evidence from Vietnam, Economics, Finance and Social Sciences, pp. 9781. Thomas, H. and Logan, C., 2017.Mondragon: An economic analysis(Vol. 14). Routledge. Wesener, A., 2016. This place feels authentic: exploring experiences of authenticity of place in relation to the urban built environment in the Jewellery Quarter, Birmingham.Journal of Urban Design,21(1), pp.67-83.

Designing Ad Campaign against Child Labour Essay Example Essay Example

Designing Ad Campaign against Child Labour Essay Example Paper Designing Ad Campaign against Child Labour Essay Introduction Since the clip of Independence our state has been fighting with its huge pool of kid laborers and school dropout kids and to pull off and extenuate the disparity in guaranting the rights of all kids to be protected. This job has made the India ‘s place in the last quartile. India has amended the fundamental law in order to set up free and mandatory instruction cardinal rights for all the kids belonging to 6 to 14 old ages of age group. But the â€Å" attainment of the right to instruction and the right to be protected from economic development are non realized for a big subdivision of the kids of this state. † Designing Ad Campaign against Child Labour Essay Body Paragraphs Though we are now observing our 63rd twelvemonth of independency, child labors can be witnessed in its barbarous signifier in about every sector of our life and the root cause of such detestable development stems from the want of right to instruction, nutrient, occupation and right to equality before the bench. The economic enlargement policies besides led to rampant development of the hapless. As per the latest ILO Report, the figure of economically active kids in the age group 5 to 17 old ages in the universe during 2004 was 317 million, of which 218 million ( 68 % ) are regarded as ‘child laborers ‘ , and 126 million ( 58 % of kid laborers ) were working in risky industries. It is a recognized fact that Indian has the largest figure of child labors. But there is important confusion sing the definition of kid labor in Indian statute law. The Govt. of Indian has ne’er disclosed any official definition of â€Å" Child Labour † . But the fundamental law provi des several indirect statute laws and strategies to protect the involvement of kid such as Child Labour Prohibition A ; ordinance Act, 1986 and Juvenile Justice Care A ; protection Act, 2000. This manner the authorities ignores each and every right of the kids those belong to the age group of 14-18 old ages who are laboring in the labour sectors. The authorities besides are non sing the rights of those kids who are working within the household or in informal agreement. The above image shows that Indian belongs to exceed 10 list of child labor and the highest figure of merchandises ( 18 ) is made out of child labor. We will write a custom essay sample on Designing Ad Campaign against Child Labour Essay Example specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Designing Ad Campaign against Child Labour Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Designing Ad Campaign against Child Labour Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Some surveies has divulged that on an norm a child laborer toiled for more than 12 hour, less than half of the kids receives nutrient and more that 90 % of the kids has no vacation. It is estimated that mean monthly income of kid laborers is $ 2 in malice of the fact that they contribute to about 20 % of India ‘s GNP. Doctrine and Strategy of the run For Campaign against Child Labour ( CACL ) forum, child labour implies a entire denial of the right to childhood. CACL therefore demands a entire obliteration of kid labour.A The CACL forum opines thatA † every kid out of school as a possible kid laborer † .A Therefore the forum seeks to implement policy alterations that will take to a complete riddance of the pattern of child labor. This requires enormous attempt to make consciousness in different subdivisions and strata of our society including child workers and their households, policy shapers, media, the bench and citizens in general through assorted programmes and runs. A basic scheme employed for this intent has been a coincident run for free and mandatory quality instruction of all kids in the state, and for statute law to efficaciously eliminate all signifiers of child labor. The web works at the field degree through its assorted member organisations. While the different member organisations are different in footi ngs of focal point, construction and internal organisation and nature of programmes conducted, by and big they all have a common vision of advancing run against Child Labour. At this occasion it is to be noted that CACL is non registered as an independent entity. Over the twelvemonth the forum has evolved its ain direction construction. Present Day Condition Child labor is still common in many parts of theA universe in many signifiers such as agribusiness, mill work, quarrying, excavation, A harlotry, assisting in the parents ‘ concern, holding one ‘s ownA little businessA ( for illustration merchandising nutrient ) , or making any kind of uneven occupations. Many kids work as ushers for tourers, sometimes besides responsible for conveying in new concern for stores and eating houses ( where they besides work as servers ) . Some other kids are made to execute boring and insistent undertaking from the really age of 3 such as: shining places, piecing boxes, cleaning or carrying a shop ‘s merchandises. However, instead than in mills andA sweatshops, â€Å" most child labour occurs in the informal sector, selling many things on the streets, at work in agribusiness or conceal away in houses-far from the range of official labour inspectors and from media examination. † And all the work that they did was done in all type s of conditions ; and was besides done for minimum wage. Equally long as there is household poorness there will be child labor. Aim of the proposed ad run To convey about attitudinal alterations in the society on kid labor Create consciousness about the legal deduction of promoting/practicing kid labor Demoting engagement of child labors and distributing it to the universe It has been found that in the current statute law, the definition of ‘child labor ‘ is non clearly defined that leaves plentifulness of room for culprits to use kid as workers and they got off scot free. The UN definition of the kid, harmonizing to the UNCRC is â€Å" A kid means every individuals below the age of 18 old ages † and the UNCRC defines child labor as â€Å" executing any work that is likely to be risky or to interfere with the kid ‘s instruction, or to be harmful to the kid ‘s wellness or physical, mental religious, moral or societal development ( article 32 of UNCRC ) † . But India, though it ratified the UNCRC, is yet to recognize those definitions of kid and child labour to the full. So the best we can make to halt practising â€Å" Child Labour † is to advance mass consciousness: Insight into grounds behind kid labors Some common causes of child labour across geographicss are development of inexpensive and unorganised labor poorness, societal apathy, parental illiteracy, ignorance, deficiency of instruction and exposure. In some instances there is household pattern of instilling traditional accomplishments in kids which besides pulls immature members of the household inexorably in the trap of kid labor, because they are ne’er given the chance to larn anything else. Absence of mandatory instruction at the primary degree, ignorance of parents about the sick effects of plodding from really early age, uneffective and confusing kid labor Torahs, impractical class course of study, inexpensive kid labor are some of the factors that encourages many signifiers of child labor in India. It is besides hard for immature people to calculate out what is good or bad for them without the aid of an grownup counsel. Poverty and over population have been identified as the two chief causes of child labor. Poor parents are left with no pick but to direct their kids to risky occupations for ground of endurance even though they know that is unsafe to their kids. Monetary jobs lead their kids in the unforgiving trap of child labor from where they could non happen a manner to acquire out. Illiterate and nescient parents do non value the demand of proper physical, cognitive and emotional development of their kid. They are themselves uneducated and unexposed, so they barely recognize the importance of instruction in eliminating poorness. Adult unemployment and urbanisation besides causes child labor. More frequently or non grownups are left with no occupation because mill proprietors finds it more profitable to use kid at a cheaper rate than the grownups. These manner grownups relax in the house while kids are laboring difficult to feed many oral cavities. The industrial revolution Fosters some of its negative effects by giving rise to fortunes which encourages child labor. Sometimes multination als prefer employment of child workers in the many developing states where kid protection Torahs are non decently implemented or purely followed. So they can be recruited for less wage and more work can be extracted from them and there is no brotherhood job with them. This attitude besides makes it hard for grownups to happen occupations in mills, coercing them to drive their small 1s to work to maintain the fire firing their homes.A The incidence of child labors would decrease well even in the face of poorness, if there are no parties willing to work them. Rigorous execution of child labour Torahs and practical and healthy options to replace this immorality can travel a long manner to work out the job of kid labor. Campaign Strategy Depending upon my understanding the mark section is in general everyone in the society because in some signifier or the other we are working an underprivileged kid, be as a house worker or working in a risky industry. The other mark is the hapless parents who are really forced to direct their kids to discontinue instruction and direct them to win staff of life for the household. Now a telecasting advertizement can be designed maintaining in head the lower in-between category to upper category of the stratum. But for the hapless people a telecasting ad run would non be effectual because of small or no exposure to telecasting of that subdivision of the multitudes. For this subdivision run has to be designed in printed format such as postings. Storyboard As told earlier we would aim the well off society and carry them to bump child labors through implanting a sense of moral and/or societal guilt into them and besides in some instances reminding them of legal reverberations of child labor. In instance of the printed format run I am suggesting to advance child instruction instead than child labor. After all an educated kid are more likely to acquire a good occupation and thereby stoping poorness to their household. Television Ad â€Å" Give back my childhood † Scene 1 The ad starts with demoing a male child from an flush household gets up coppices his dentitions and has his breakfast. At the same clip in the same house works a miss from a hapless household who gets up and fix that breakfast for the male child. Scene 2 Then the male child prepares his prep that his instructor given him while the miss is laboring hard with the family works-mopping floors, cleaning utensils etc. Scene 3 The male child returns back from school and gets a cocoa from his female parent while after 12 hours of plodding the miss merely gets Rs. 30. ( Melancholy background music is played all the clip to mean the weakness of the miss. ) Tagline A soft miss ‘s voice stating, â€Å" Even I am besides a kid. Then why am I persecuted? Give back my childhood. † Printed Political campaign As mentioned earlier this type of run is specially meant for the hapless households who force their kid to set about strenuous physical labor for the interest of doing both ends meet. Promoting Education: This is designed to advance instruction among hapless and underprivileged kids. Parents of such hapless household can be convinced that if they study they will acquire occupation in the hereafter and that manner they can hold a better life. Child Labour is a cobweb of killing. This type of imagination will arouse strong emotional reaction to parents of those childs who are used as kid labors.

GRE General Quantitative Reasoning Scores

GRE General Quantitative Reasoning Scores   A Concordance Table Between the GRE General and the Prior GRE Scores Many graduate schools out there accept old GRE scores in the 200 - 800 scale as well as the current GRE General scores,  and they use the following concordance table to compare GRE Quantitative scores to get an accurate picture of applicants. If you have received your GRE General Quantitative Reasoning score and want to know how it would compare to the prior GRE Quantitative Reasoning score or work in a graduate program and want to compare students scores from the prior version of the exam, then check out this concordance table below. How Long Are GRE Scores Valid? The GRE policy has changed a little bit since July 2016. For GRE tests taken on or after July 1, 2016, scores are considered part of test-takers reportable history for five years after the test date.  For GRE scores taken before July 1, 2016  the scores are  part of test-takers reportable history for five years after the testing year in which they tested (July 1 - June 30). The GRE enacted the five-year policy to ensure that scores remained valid as older scores may not reflect an applicants  current  quantitative, verbal and analytical ability. Think, for example, how much different you might test if you were in the middle of an advanced math class five years ago when you took the GRE, but havent taken or practiced any advanced math skills since the class ended. Your mathematics and computation knowledge and ability can change quite a bit in a five year span. Or, perhaps, five years ago, you hadnt done too much Verbal reasoning prep, but now you work in an environment that requires you to use reading comprehension skills all day long. Your ability may have shot up over the last five years. ETS wants to ensure that college admissions officers have the best information about testers so they can make the best admissions decisions possible.   GRE Scores and Admissions For those of you using this information for admissions decisions, ETS would like to remind you to keep this in mind: although the current scores allow for greater differentiation between higher ability test takers, if a student received an 800 on the prior GRE, then he or she received the highest possible score available at the time. This must be taken into consideration for all admissions decisions! More GRE Score Information Whats a good GRE General score?GRE General Scores vs. Prior GRE ScoresGRE General Scores for the Top Schools in the CountrySee the Verbal Reasoning Concordance Table The percentile rank listed below is based on students who tested between July 1, 2012 and June 30, 2015, according to ETS. GRE General Quantitative Reasoning Concordance Table Prior GRE Score GRE General Score Percentile Rank 800 166 91 790 164 87 780 163 85 770 161 79 760 160 76 750 159 73 740 158 70 730 157 67 720 156 63 710 155 59 700 155 59 690 154 55 680 153 51 670 152 47 660 152 47 650 151 43 640 151 43 630 150 39 620 149 35 610 149 35 600 148 31 590 148 31 580 147 27 570 147 27 560 146 24 550 146 24 540 145 20 530 145 20 520 144 17 510 144 17 500 144 17 490 143 14 480 143 14 470 142 12 460 142 12 450 141 10 440 141 10 430 141 10 420 140 8 410 140 8 400 140 8 390 139 6 380 139 6 370 138 4 360 138 4 350 138 4 340 137 3 330 137 3 320 136 2 310 136 2 300 136 2 290 135 1 280 135 1 270 134 1 260 134 1 250 133 1 240 133 1 230 132 1 220 132 1 210 131 1 200 131 1

Research on the major developments that contributed to the modern Paper

On the major developments that contributed to the modern model of health insurance - Research Paper Example Major developments in health insurance include but are not limited to the Hill-Burton Act of 1946 and the HMO Act of 1973. The Hill-Burton Act of 1946 is directed at offering loans and federal grants in order to improve the physical plant of the hospital system in the nation. Another name for the Hill-Burton Act is the Hospital Survey and Construction Act. Since their start, the Democrats and the Republicans designed the HMOs with a view to eliminating the individual health insurance. The HMO Act was proposed by President Nixon and was passed by the Congress in 1973. The HMO Act of 1973 established new and more cost effective health coverage which had constituted only a little portion of the market until then. The only main HMO till 1969 was Kaiser Permanente most of whose members would join only through unions (Holleran, 1999). The HMO Act together with Medicare ultimately eradicated the affordable individual health insurance

Ethical Implications of Takeovers Case Study Example | Topics and Well Written Essays - 1000 words

Ethical Implications of Takeovers - Case Study Example The integrity question is the major ethical issue involved in this case, where Lisa is torn between challenging Mr. Jeffrey Anderson for overlooking the accounting discrepancies that have been noted on the financial statements of the Fragrance Company. The issue becomes an ethical dilemma for Lisa, because on the one hand, she needs to be true to her profession and also loyal to her organization, while she also needs to keep the acquired team close to her, since it is among the organizational workforce that Lisa will be working with. Whichever decision that Lisa chooses to take, she will cause detrimental suffering to other parties. This is because; if she chooses to overlook the accounting discrepancies in the Fragrance Company financial statements, the Home and Personal Care Products will suffer the detrimental effects of inaccurate basis of acquisition of the Fragrance Company. On the other hand, if she chooses to challenge Mr. Jeffrey Anderson over the discrepancies, she is likel y to distance herself from the newly acquired team that she will be working with, as part of the larger company.   Stakeholders involved in the ethical issue The stakeholders involved in this ethical issue are many. First, there is the shareholders of the Home and Personal Care Products, who will be directly affected by the acquisition of the Fragrance Company. This is because, the Home and Personal Care Products shareholders will be losing financially if the acquisition is completed based on the fraudulent and misrepresented financial statements.

The relationship between landlord and tenants in relation to Essay

The relationship between landlord and tenants in relation to assignment of leases and recovery of rent arrears - Essay Example The relationship between landlord and tenants in relation to assignment of leases â€Å"not to be on unreasonably withheld† & the legal and softer approach to dealing with rent arrears bearing in mind a proactive management approach Introduction Question one : Case scenario The first question deals with assignment of a lease by the tenant whereby the lease agreement permits for assignment, but with the consent of the tenant. In this case, the consent of the tenant cannot be unreasonably withheld. One of the shop is used by a hairdresser who wish to assign the lease to another hairdresser in the town. Shelagh (the other hairdresser) is considered a better covenant than existing tenant since she has a more profitable business than the current tenant.Although, I dislike Shelaghm, the lease permits the tenant to assign the premises with my consent. In this case, I cannot withhold the consent unreasonably. In the above case scenario, I cannot simply say no to the assignment of the lease. There are numerous laws that govern the landlord and tenant relationship with regard to the assignment of the lease. The Amendment of law of property Act 1925, provides the procedure for discharging or modifying any covenants including leaseholds (Pawlowski, 2002). The lease is of a commercial property and entails a covenant that is legally binding to the landlord and tenant. The tenant has the right to assignment lease to another tenant. Accordingly, the covenant requires the tenant to make an assignment only with the consent of the landlord.... Accordingly, the landlord must notify the tenant of any conditions attached to the consent or reasons for withholding the consent (Karp and Klayman, 2003). In addition, section 19(1) a of the landlord and tenant ACT1927, makes it clear that a landlord cannot unreasonably withhold his consent in a qualified covenant (Karp and Klayman, 2003). Accordingly, section 19 (1A) of the landlord and tenant Act 1927 allows both the landlord and tenant to agree of certain conditions that will apply while granting the consent of assignment (Pawlowski, 2002). In this case, the landlord will not unreasonably withhold his consent if he withholds the consent due to a specific circumstance that attaches to the assignment. In the above case, it is the legal duty of the landlord to grant the consent of assignment or provides reasons for the withholding of the consent (Karp and Klayman, 2003). Ideally, the main issue that arises in the grant of assignment consent is financial capability of the proposed ne w tenant. The landlord can ask for the financial accounts of the proposed tenant and enlist the services of a credit rating agency in determining the creditworthiness of the proposed tenant (Pawlowski, 2002). In the above case, Shelagh has a more profitable business and thus more credit worth than the current tenant. Accordingly, the landlord is entitled to take in to full consideration of the attaching property interests in the whole property such as good estate management reasons (Karp and Klayman, 2003). The landlord will seek satisfaction that the proposed new tenant is capable of complying with the lease covenants after the assignment and require for additional securities such as rent deposit and guarantees. In addition, the

Hewlett Packard: Strategic Human Resource Management (SHRM)

Hewlett Packard: Strategic Human Resource Management (SHRM) Consider an organization you are familiar with and with reference to associated theory and practice critically asses the approach that is taken to strategic HRM. Evaluate the extent to which the approach has contributed to the organizational effectiveness. EXECUTIVE SUMMARY (ABSTRACT) The report focuses on critically evaluating how Hewlett Packard has been using the variables of Human resource management such as training and development, performance management in order to bring all the employees from a diverse cultural background, with different personality traits to work efficiently and effectively towards achievement of the organisational objectives HP, a giant in IT industry catering to the hardware as well as software needs of the individual customers and businesses, was started in the year 1939 by Bill Hewlett and Dave Packard and currently employs over 300,000 people The report delineates how HP has been supporting equal opportunities for people from different ethnic backgrounds by recruiting people without any bias towards any particular ethnic group. The report also states the role of performance management within HP i.e. activities which ensure that the organizational goals are met on time and with minimizing resource usage. The report even talks about the resource facilities and working environment provided to the employees, i.e. employee relations at HP. Further the role of training and development in polishing the skills of the individual employees and making them become a part of the HP team is stated along with how the employees are trained to inculcate the necessary skills required for the job. TERMS OF REFERENCE/ STATEMENT OF PURPOSE The following assignment is compiled so as to become familiar with the main theories in the field of strategic human resource management. During preparation it intended to gain knowledge of the evolving role of strategic human resource management in the current world scenario, performance appraisal and its function in performance management system, administration and formulation of compensation and benefit programs, significance of development of human resource (development and training) at every level for employees and opportunity for management provided by employee diversity. The study undertaken requires expertise in research of the subject but due to limitations of the words for the assignment covering all the HR policies is next to impossible; my objectives were to study the key processes and policies for which the company provides vital information. INTRODUCTION Storey (1989) defined HRM as Set of interrelated policies with an ideological and philosophical underpinning. Storey (1995) defines HRM as a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an array of cultural, structural and personnel techniques. HP was started in 1939 by Bill Hewlett and Dave Packard. In 2010, fortune 500 ranking hp was placed at number 10. Its headquarters are located in Palo Alto California. HP has 304,000 employees. The company makes use of participative decision making management system in their company giving them an edge in the industry (HP website). The results of this investment can be seen in the two awards received by HP from the American society for Training and Development for inventiveness of its leadership development programs. Furthermore, Hay group recognized HP as one of the best company in the world for leadership development. (reference) To emerge as a complete technology company which offers an inclusive set of solutions all through the value chain, HP is practicing an inorganic strategy (Data monitor 2010). They cater to almost everyone ranging from individual customers, medium sized business and large corporations which include health, education and government sector. The company deals in a wide range of products, from portable devices to supercomputers, from computing to home printing. It has also sought a level of inorganic growth too, through its merger with Compaq in 2002 with an aim of providing excellent IT solutions. Consequently, HP today caters to over a billion customers in 170 countries (Data monitor 2010). CORE POLICIES AT HP DIVERSITY AT HP Smart organizations identify the need for swift action and are prepared and eager to disperse resources for management of diversity in the workplace. Workforce diversity can be defined as the differences between individuals in a company. Diversity includes gender, race age, education, background etc Diversity takes into account how individuals perceive others and how they perceive themselves. Their interactions are affected by these perceptions. Organizations diversity agenda is expected to increase in the future as we are moving into a more and more globalized setup. (reference) In The Future of Diversity and the Work Ahead of Us, Harris Sussman says, Diversity is about our relatedness, our connectedness, our interactions, where the lines cross. Diversity is many things a bridge between organizational life and the reality of peoples lives, building corporate capability, the framework for interrelationships between people, a learning exchange, a strategic lens on the world. The benefits of diversity include greater competitiveness through higher adaptability, poising it for success. Organizations embracing diversity are able to offer a wider variety of solutions to different issues. Services to customers are easily provided by organizations employing a diverse collection of experience and skills (e.g. culture, language etc), offering the wealth of varying points of view. A large number of experiences and ideas can be accumulated by employing a diverse workforce which comfortably communicates viewpoints. The organization can use these to form strategies and cater to customers effectively. Some of the challenges of workforce diversity are the organizations ability to successfully implement diversity agenda, which requires openness, transparent communication and sensitization of the existing staff. (reference) A diversity of age, culture, potential, ethnicity amongst the labor force encourages innovation and creativeness. It is believed at HP diversity is the solution to understand the principles and demographics of the consumers and is fundamental in drawing and holding on to the finest employees. (reference) HP supports diversity in the following ways: Hiring of different collection of people and crafting them as leaders. Constructing a comprehensive work atmosphere. Supporting employees in navigation of their work and private commitments while complying with the business requirements of HP. Policies A comprehensive work atmosphere is encouraged by HP diversity policies. Respect, courtesy and dignity is required by every employee while treating others. Discrimination founded on attributes such as age, race, ethnicity, sex or disability is not accepted under any circumstances. Employees are persuaded to speak up and it is possible for them all over the world to report harassment or bias through the 24 hour anonymous helpline. HP approach Efforts by HP include expansion of its labour force by hiring best in class varied talent and implanting diversity in all major diversity in all major development processes and supporting main growth programs for career development and professional escalation. Gender diversity is calculated and kept in check by HP globally and ethnic diversity in its united nations labour force. For details over the previous 5 years see table: Executive diversity Minorities comprised 17.3% in contrast with 12.9 % in 2008. In the year 2009 17% of HPs topmost executives in U.S. were women in contrast to 17.2% in 2008. HPs activities in the year 2009 were: Partnership with diversity associations: HP supplied grant and products for cause of cause of underrepresentation of minorities in business positions which is addressed by management leadership for tomorrow. Drawing a extensive range of human resource: 3000 women from extensive range of professions and businesses are brought together by the annual conference that is held in Boston. Employee resource groups: workers with familiar interests and backgrounds are brought together by HPs ERGs. Opportunities for internal development: celebrations of womens international day in India. For talented omen, a series of virtual leadership was conducted in EMEA. PERFORMANCE MANAGEMENT SYSTEMS There is nothing new about the idea that company and employee performance should be improved by appraisals. Today managers are way more serious about the process- of training workers, rewarding and appraising them and forming goals. The whole incorporated process is called PERFORMANCE MANAGEMENT. Performance management may be defined as a process that unites goal setting, performance appraisal and development into a single, common system whose aim is to ensure that the employees performance is supporting the companys strategic aims (dessler and varkkey 2010). Setting of standards, training of workers, feedback and appraisals related to performance and contribution to achievement of organizational goals is explicitly measured by performance management. Performance management therefore never just means meeting with a subordinate once or twice a year to review his/her performance it means setting goals that make sense in terms of the companys strategic aims. It means regular interaction to make sure there is continous growth in workers performance. It also takes into account and makes sure that the worker has the correct training to perform the job (hrm book pg 338). (reference) According to Goel 2008 manpower management is the most crucial job because managing people is the heart and essence of being a manager. Personnel management is concerned with any activity relating to the human element or relations in the organisation. Work life programs offered by HP Employees at HP have the benefit of various work life choices offered to them. HP offers: Flex time: altering the commencement and end of work, but working normal 8 hour a day. Part time: temporarily or continuously working for less hours, part time employees account about 2%. The requirements of aging workforce are met with the help of this program. Tele work: 28% of employee t HP work full time from home. Flex work: mainly working in hp offices but occasionally from home. Whilst improving employee productivity the cost of HPs real estate has been reduced with the help of these arrangements. Employee engagement Open, honest exchange of ideas and continuous communication is what HPs culture is based upon. This helps HPs workers understand their contribution to companys overall success and also gives the company chance to consider their input for various decisions. Recognition programs At HP employees are kept motivated and engaged by recognizing them for their contribution. Recognition @HP was conducted in 2009 to identify workers at HP for their qualities. Day to day non monetary recognition is stressed by the program. Retiree engagement HP has about 79000 retirees who are ambassadors of HP and the company keeps them connected and up to date. Retirees at HP connect through various social media. The retirees can also join HP alumni association which has worldwide members registered which account 17000 in numbers. The Employment Relationship A prerequisite for success in the organization is the maintenance of good employee relations. For high productivity and satisfaction, strong employee relations are needed. Employee relations are concerned with evading and resolving problems amongst individuals which occur due to the work situation. Safe and healthy work environment, incentives for motivation, useful communication and commitment of employees determines good employee relations. It is believed by many people that employee relations are about considering the larger picture and assisting the organization to take required action. (reference) HP considers its employees vital to its success. Innovation of products, management of supply chain and the connection with the customers and partners at HP is driven by the talent expertise and skills of the employees. According to HP its competitive advantage lies in retaining and hiring the finest people. For employees to grow, HP attempts to create a helpful and inspiring work environment. HPs policies are applicable globally and show companys commitment to just treatment of workers. (reference) HP complies with local laws but companys own policies demand much more: Best work environment: policy describes the principles of personal conduct that are expected by the workers to add to an optimistic, dynamic work experience. Open door policy: Portrays HPs promise to open communication and a place of work where everyone is heard. Human rights and labour policy: commends HP to just treatment of all workers. Management and compliance Upholding environmental health and safety is a key goal of HPs. Safety of products and services is the main aim and it is also made sure that the workers can perform without injury at the premises. HPs minimum obligation for EHS is legal compliance. The processes needed to abide by are made sure by HPs EHS management system. Any allegation is thoroughly investigated and proper action is taken to avoid any recurrence. All operations related to manufacturing at HP are certified to ISO 14001. EHS systems are introduced to recently acquired companies to make sure that EHS objectives carry on to be fulfilled as the company grows. (reference) Employee feedback The employees are asked for feedback by voice of the workforce conducted annually and also though pulse surveys on explicit issues. There were various surveys conducted during 2009 including: Onboard and monthly transition experience surveys. Enterprise business quarterly pulse survey. Hr manager communication survey EDS integration survey Voice of the workforce survey Around 90,000 workers in 2009 participated in voice of the workers survey. Privacy of the respondents is strictly protected and the survey was available over the internet in 25 languages. (reference) TRAINING AND DEVELOPMENT at HP Training The process through which people acquire abilities to accomplish organizational objectives is known as training. It includes planned activities for specific learning to develop workers performance at work. (reference) Development According to Drucker (1977), the one contribution a manager is uniquely expected to make is to give others vision and ability to perform. A basic operation in the work of the manager is to develop people and to direct, motivate and train subordinates. Stern argues that staff training and development have become matters of vital strategic importance. Importance of training and development (reference) There are various reasons for an organization to conduct training and development programs. Some of them are: Helps to avoid managerial obsolescence Manage change due to acquisitions and mergers. Also helps in coping up with technological and diversity changes in the organization Higher employee morale and increase in job satisfaction. Elevated motivation among employees Financial gain through higher efficiency in process and innovation in products and strategies is increased. Developing leadership at HP Since HP recognizes excellence as a key driver of its business success, HP significantly invests in leadership development. Dedicated to this mission, global talent consists of 3 firmly integrated organizations. (reference) Employee relations at HP The evaluation of data and insights to spot high potential leaders in the company and underlining of areas where additional learning resources may be needed are provided by the dedicated talent management team at HP. Designing of HPs major corporate wide leadership is crafted by executive and leadership organization. Learning by doing is emphasized by almost all of HPs leadership development programs. E.g.: Projects providing major business impact are frequently powered by HP. Learning experiences offered by these projects are not like the classroom experience. HPs leadership programs are offered training and development support by more than 500 executives in a classic year. To get used to dynamic business conditions the curriculum of leadership is frequently revised. Leadership programs at HP are divided into 3 categories: Choosing those at a particular level or creating career transitions through foundational programs is emphasized. Leadership standards of HP and definition of expectations by HP leaders is carried out by skill based programs at HP. For employees with elevated potential for development there ate select talent development programs. With leadership development central portal, HP offers leadership knowledge. This is offered by podcasts, internet courses and quick tips. Green advocates training program Participation in this program is encouraged by HP in Canada. This program provides knowledge and allows workers to develop into ambassadors of HPs environment projects. (reference) Eco solutions advocate program Through this program HP teaches its workers about environmental issues and companys dedication to sustainability of the environment. It also offers workers the resources they require to communicate with consumers about HPs solutions. (reference) People Development HPs approach is based on interior and exterior benchmarking, HP uses an incorporated development framework for its employees. The structure employs range of tools to help workers plan the next step in their career. HPs developmental plans are divided in a 70/20/10 breakup. 70% of the plans are of the main concern. They include job rotations, special reports and cross functional team experiences. With hands on experience the workers are encouraged to develop their capabilities. Focus of about 20% of the programs is relationship based education. This is done through coaching and mentoring. Rest of the 10% of HPs programs are provided through formal learning, interactive online resources etc. (reference) HPs learning programs take the benefit of technology. About 83% of HPs training lessons are conveyed through video conference or the web. Wherever there is a geographic focus of members HP uses face to face training. It has been acknowledged by hp that technology- based training provides major benefits: wider reach and saving huge amounts of money on travel whilst reducing related greenhouse gas release. It also allows employee access at the correct times and place, and also improves knowledge and retention. Training at HP is complimented as employees are also encouraged in following external educational prospects. (reference) Summary The human element of business and partners with every business is driven by human resource at HP to make sure that employee planning strategy is associated to convey the business objectives. The leadership team at HP works together with groups of business to make sure the company has the correct people, with accurate skills, in the correct job etc. The company is escalating its ability to develop by explaining strategic employee plans, support of acquisitions and mergers, providing cost efficient infrastructure in growing markets. To stay in front of the competitive pressure, HP optimizes every element of its operating strategy- to increase revenue, be efficient, making smart investments. Even though the recent financial downturn of 2008 has had sever impacts in the IT industry, HPs earnings per share has risen continuously from 2008 till 2010 Good business results are indicative of great human resource which has driven performance On account of increasing globalisation, HP considers diversity as a major driver of innovation, invention and creativity. A diverse workforce differentiates the company and it is also vital for the company to relate and serve customers worldwide. At HP it is believed that people are motivated to do their best with a culture that respects differences. The company crafts an attitude in its employees, allowing them to think intentionally about diversity and its insertion in the companys activities. It does so by knitting diversity into the fabric of the company. As a MNC, HP has had to prioritize this so that they are more efficient across different markets, understand local needs. As far as performance management is concerned HP has a goal directed approach and has formulated a process to evaluate the manpower resource and their enhancement in terms of careers and work life balance is commendable. HP has a relationship oriented view to managing performance rather than a hierarchical top down approach. This approach has proved to be very concrete in terms of setting targets/achieving outcomes. The most striking feature of HP is its emphasis on leadership development. It is held as a company that has some of the best leaders in the business which is only because they invest time, effort and resources into making this possible. As the company becomes more global, it is important that they keep this emphasis. To broaden its reach to its employees all over the world, it provides training through video based sessions, which also ends up having a positive cost saving and reducing environmental impact by eliminating the need to travel (hence reducing greenhouse gases). Therefore it seems that training and development at HP pays attention upon interrelation of the companys goals and objectives with that of workers. HP maintains employee relations wherever it has its operations without showing any disparity or bias with respect to ethnicity or cultural background in true terms it is a global company. The company monitors compliance with its policies principally through employee engagement surveys. This enquires questions on prejudice and diversity. It also assesses employees understanding of companys approach to these issues. HP does not tolerate discrimination. It deals with this issue through stout polices that are accessible to all employees. HP has worked towards ensuring excellent work-life balance through various options provided to its employees. These programs have helped in improving employee productivity and therefore higher efficiency towards achieving organisational goals With regard to workplace safety since HP is an IT company therefore is requirement to work in potentially dangerous settings (assembling products, hardware etc), hence HP has been committed to fostering the best health and safety norms and always keeping themselves up to date with changes in health safety standards. Since the employees are assured of their safety the employees productivity to work has gone up leading to higher and more efficient production. RECOMMENDATIONS At HP the same performance appraisal standard is used overseas which they use in their headquarters. The external aspects that may affect performance in the international scenario were not considered while designing the performance appraisal criteria and has hence led to a number of problems. Therefore HP needs to formulate a new standard for evaluation according to the situation. To prepare workers to work on an international platform HP can provide linguistic training. This training requires not only learning of the language of the country in perspective, but it also requires learning of how customers think and react. Inclusion of higher level of responsibilities by expanding the job and access to important meetings should be facilitated to improve employee relations. Furthermore HP can assign employees to lead teams and projects and increase time spending between the employee and the boss. Focusing on service training can help workers expand knowledge of managing customers. Disagreement and conflicts can be prevented through transparent appraisals systems. Educating employees and improved training for rating Performance in the subsidiaries of the company is affected at times due to insufficient training and education of various related factors like interaction, culture, business and social information. By alerting managers about errors in judgment, it can be made possible to spot them before hand and prevent them. Clear cut performance in dimensions will help in reducing errors related to rating. Confusion and uncertainty circling the process can be avoided if the companys purpose for appraisals is clearly stated. CONCLUSION HP is committed to developing a high performance culture where the employees can grow. To enhance its value proposition for its employees, HP has been formulating plans to support development of people with a lot of firmness and discipline. Talent management was driven deeper into the company and creation of strategic employee planning was done by a total redesign of companys leadership programs. HP has effectively and efficiently: Excelled in transformation of business and planning of workforce. Motivated people and developed leadership. Maximized employee engagement and built a high performance culture. Promoted areas such as development of career, performance management, development of management of leadership. In both theory and practice HP has some of the best human resource management policies. The company has won awards for its diverse and innovative human resource systems. It is assessed that even though HP followed some of the best human resource policies, the recession had a major impact on the organizations employees. Dissatisfaction was caused among the employees due to the layoff and caused fear among employees for the loss of their job. It is therefore implicit that even some of the best human resource policies may not turn out to be satisfactory. It is hence implied that even though the organization includes some of the finest human resource practices the psychological aspect of humans are still erratic to rejection and acceptance hence making human resource practices should be made subjective to change. 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