Friday, July 31, 2020
Guideline To Standard Essay Form
Guideline To Standard Essay Form Evidence â" Again pretty self-explanatory, this is the stage in your paragraph where you provide evidence to back up your Point and Explanation. Now is the time to pull out your ammunition of carefully referenced sources to support your assertions that Your Point Is Important And Valid. We would therefore encourage all students to proceed as normal with their applications. For more information, please see our dedicated page regarding Studying in the UK and Coronavirus (COVID-19). Use your writing skills to apply for scholarships. Check out our Scholarship Match to find scholarships that are write for you. Use these activities and worksheets from DePaul's Teaching Commons when instructing students on proper academic citation practices. You can use the feedback to improve the essay before submitting it. Give yourself at least two full days to write the essay. You can use the first day to write a draft and do some minor editing. Then on the second day, you can look at the essay with fresh eyes to do your final edits. The primary argument supporting cell phone control in the classroom is the fact that phones can be distracting. Why do you think this way, and what evidence do you have to support those beliefs? The paragraphs should flow from one to the next like a constant stream of thought. Each paragraph should conclude the statement made at the beginning of the paragraph. Everything in your essay revolves around your thesis. And when you want to hurry up and get this writing assignment done, you donât want to waste time on unreliable sources. If the topic has not been assigned, think about the purpose of the essay. What do you want to do â" persuade, inform, instruct? If you intend to educate your audience, you had better choose a topic on which you are well informed. If you are trying to persuade the readers, youâll need to have at least a little enthusiasm for the subject. Pay special attention to grammar and punctuation. Simply highlight the main ideas â" without restating them verbatim â" and share your feelings one last time. A thesis statement has two parts; the first part states the topic and the second part states the point. If you are writing a specific analysis, make sure your topic isâ¦specific. If you have started with something too broad, narrow it down to a manageable subtopic. Determine which type of essay you are supposed to be writing. Will you be composing a general overview or a specific analysis? If you will be penning a general overview, you can probably scamper off to number two now. You may have to adjust how you convey those thoughts based on the length. Your essay should always have a beginning, middle, and end. 4-6 body paragraphs that provide evidence to back up your thesis. Each paragraph should be a cohesive element with an intro and conclusion. The body paragraphs should flow well from one point to the next. The thesis statement tells the readers what the essay will be about. It will also give readers an idea as to what position you are taking. Connect with other students who are writing on the same subject. We all know the internet is a massive source of information. Wading through all the nonsense is sometimes quite daunting. Not only do cell phones distract instructors, but they may also distract students trying to pay attention to the lecture. This is the same effect as a moviegoer looking at his phone in a theater. Even if the phone makes no noise, the light from the screen is enough to catch someoneâs attention. If our thesis was that cell phones should NOT be controlled in college, we would explain the dangers of not having access to cell phones. The body paragraphs should provide support for the thesis. This is the big point you are trying to make, which is usually an answer to a question in the essay prompt. You will use the rest of the essay to support this thesis. You should approach all essays with the same mentality, regardless of their length. Your goal is to compose a piece that clearly guides the reader through your thoughts and reasoning.
Sunday, July 5, 2020
Apple Incorporation - Free Essay Example
INTRODUCTION Steve job is the co-founder, Chairman CEO of Apple. He didnââ¬â¢t get this life style very easily behind their success there is lots of efforts and struggle. He belongs to middle class family but he worked hard and at the end now everybody know that Apple is a Big company. Apple is working since 1976 itââ¬â¢s a very innovative and emerging company now a day. In starting he working is car garage after had some problems with his partner he left the Apple company than Steve start a new company but after some time he rejoin the Apple because his partner donââ¬â¢t know how to handle the company than after some time he came back to Apple and after coming back in company they face very hurdles but the time change within 10 years it come on the top rank in business week 50 in 2012 It also get success in iPod market and then apple started the journey of its success and still its making a good products and give the best quality to his customers and Apple is also working on style and functionality of the their products and In the market of computer , Laptops , IPod , iPhone and other electronics products. They are going towards the success. HISTORY OF APPLE Basically Apple company is known as a Apple Incorporation in Market the first PC of company is make on 1st April 1977, and integrated the company is 3rd Jan 1977 in place of California The Founder of that company which name is Steve jobs who was expelled in 1985 and return as a seat of the CEO in 1996 with the innovative and smart ideas and after the lots of work he come up with the idea of IPod player in the year of 2001 Then Apple proved again that itââ¬â¢s a Best brand the entire world and they give them best quality , Best versions , best operating system and Best offer to his customers and If we talk about the latest era of that company they make all product on based of on its own Operating System which is IOS they Install this software in all Its devices and everybody know that now Apple is a biggest technology market in the world They earn $65 Billions according to the 2016 Now its about more than 49500 employees working in a different type of offices , Branches and Headqua rter in the entire world It also get selected for Fortune magazine which is most admired company in United State in the year of 2012. VISION STATEMENT: We have believe that we are now the face of the world for produce a best production in the electronic world we also believe in the collaboration with our employees or in our groups which is allow us to innovative the skill of that particular person or company employee we believe in team work because in our view no one get the success alone we choose the professional people which are best in their field we give them a work according to them strength , weakness and skills which is very useful for increase a efficiency of our workers , engineers and company employees. MISSION STATEMENT: Now we have mission to work on the technology that is coming in future and now we also working on a best personal computer in the world which come along with OS X, iLife, iWork and other professional software which will be very helpful for personal work and a small business as well we also introduced a magical iPad which can have ability to define our costumers the future of mobile and it can also tell them a computing devices. TEAM WORK Basically this company is very famous for team work and team building as well it all about creating a new thing which will be helpful for people and also get the things done in a short time with the help of customersââ¬â¢ demands they fill up all needs and wants no matter whatââ¬â¢s a rate is because they have a great goodwill so with the nonstop demand the team of this company is not working on individual it believes on team work the company consider a many aspect which can helpful for create a new product as we all now that itââ¬â¢s a big brand so according to marketing its also very far better than their competitors they advertise their product in a very decent and a good manner so lets a look of team work basically in this company if you have a idea to product a new product so you have to make a team first than they working together for a same product which is increase a efficiency of a employees a in the owners view teamwork dependently trust on group and team which can working on develop a program or any system of the Phones and the other thing is that I the same way they manage a production in a group as we know that k co-founder of that company is Steve but on the back hand is team that is work on their products Basically they have several steps for team. STEPS FOR TEAM WORK BY APPLE: First is only one person in a charge Second is team of project must meet the owner at once in a week Third is team will be start at the top organization Fourth is trust is also a key of success Fifth is components have authority to a wonderful argument Sixth is decision making in the hand of people of employees Seventh is arguably is also very essential for team EFFECT OF TEAM WORK IN COMPANY In his view the greatest thing in the business are that itââ¬â¢s never done by one person. They done by one team of the people or employees (Steve Jobs) Apple have a zero community they organized everything like entrepreneur when he or she going to take a new start-up we distributed work one person is charge for a hardware one person of charge is other thing as same as one person of charge is for marketing and one person is charge for finance thatââ¬â¢s why they organized like a start-up and Iââ¬â¢m sure that it is a biggest start-up on the planet and then they meet in every week itââ¬â¢s a three hours meeting on that meeting they telling the new ideas, innovation and other ideas that their employees find in the previous week and then Team work beginning we all sit together a try to collaboration with every person in the team work so for example if we making a phone so the man that working on software who have a great collaboration with his other employee in his view team work is all depend on trust on the others because the thing is not every team member watching the other members because itââ¬â¢s not possible so we hav e a great trust among it thatââ¬â¢s we done it very greatly some time they have a several times for the same project its possible just because great effort of the employees or members so what the Steve job do they just go to meet every person means we can also say who led the team we also work on problems as well. Team work is also rule of his co-founder in 10 rules of his company. In his co-founder view team increase the efficiency of employees because not every person has all skills that is required for production of any product so they believe in team work in the team some people have some difficulties for making any project but with a team you can show skills that you have and the other person also can do some work for you if you have any difficulty in it so thatââ¬â¢s a good thing a team work if you are good in software so you do work on software if you are good in hardware so can do work on hardware but in the case of individual if you have a difficulty in a individual work so you donââ¬â¢t have any option to solve it you have to be done by yourself. SWOT ANALYSIS STRENGHT: In my view strength of that company is that now it have goodwill people trust them that itââ¬â¢s a best company for electric devices just like watches, Phones, Computer operating system as well. WEAKNESS: The biggest weakness is the high prices because some of the people thing but they canââ¬â¢t buy that just because of high prices this company must need to decrease the prices of their so then their production will be more go up and they can earn more profit. OPPORTINITY: Itââ¬â¢s a growing company and as the GDP is increasing so the consumption of their product is also increase is a opportunity if they maintain the level of quality so they sells will be more than right now so they start plan of Increase their business where the population is increase but itââ¬â¢s must a develop country like Australia, Canada, England. THREADS: So now itââ¬â¢s time to talk about a threads of that company literally they donââ¬â¢t have any thread but itââ¬â¢s just have thread of their competitor for example Samsung is a big brand if Samsung release a more better phone or any device so the sells f the Apple will be decrease so itââ¬â¢s just only a thread. COMPETITOTRS Apple have lots of competitors but in the market of smartphones Itââ¬â¢s have a competition to Samsung and other famous brand if we talk about a computers itââ¬â¢s have DELL HP they are big brand that can compete with Apple some people like IOS but some people like Android if customer want to buy a Android so they consider a Samsung and people donââ¬â¢t like android so they have a best option of IOS means IPhone and in laptops they have competitors of SONY, Samsung and Lenovo as well so there is big competition among them. STRETEGY It is a thing that organization have a way of doing work so if we talk about this company for their strategy they have strategy to focus on quality more than quantity because once its founder said ââ¬Å"Quality is better than quantityâ⬠so that is strategy for just focus on quality and the second thing is they every member should be participative in every project in the strategy term they are stars in the world which is grow and still growing very fastly Its also have strategy to continuously developing a new ideas and technology and place in the market that they also add a simplicity in their devices if you take a look of any devices of that company then you will find out that this is simple amazing. Second is uniqueness in their products and they donââ¬â¢t consider a price war in where strategy the first thing that why they doing or plan as itââ¬â¢s a need or requirement of their customer after get the answer of this question thy go for a how they do this thing they calculated all available resources and finance as well and after the work why how at the last the thing what they have to do the thing that can complete the wishes of their customers and they start working or their plans, goal and other targets their can provide a product. PLANNING SHORT TERM: In a short term now they are working on IPhone XI which is going to release in 2019 as we know that duration of the short term planning is minimum 1 year so thatââ¬â¢s why they now working on XI and like every time on this time they also add new features and functions in their Phones and they also work on the software which name is iworld, ilife and other function this a new feature by Apple that expected to come in IPhone XI and also going to upgrade the IOS version. LONG TERM: In a long terms planning they working on upcoming technologies which can more helpful for humans so thatââ¬â¢s a long term planning on the other hand they also working on their software like as a mention above that ilife and iworld is upcoming software of Apple then after the success of their software they work on upgrade their software like upgrading the versions of IOS.
Tuesday, May 19, 2020
Wednesday, May 6, 2020
Ba Finance - 2191 Words
7BSM1006 Managing Financial Value Drivers Coursework Semester A 2012 Assessment weighting 60% Bellingham plc Arthur Scroggs was a farmer. His family has owned and farmed 500 acres of prime land in the Vale of Aylesbury for four generations. In the mid 1980 s small farms were finding the financial climate difficult with falling farm incomes and much talk of putting farm land to alternative use. By 1985 Arthur had already sold his dairy herd to focus on cereal production when a fortuitous meeting with Lucy Bellingham at a business conference led him to reconsider the future of the family farm. Bellingham is a designer of bespoke fitted kitchens who had a business plan but little capital. The plan was to manufacture top qualityâ⬠¦show more contentâ⬠¦There has been a great deal of uncertainty about world economic growth and stock markets have been extremely volatile resulting low returns. However the firmââ¬â¢s ordinary shares have made good progress during the year. Ordinary share dividends have achieved substantial growth over the last two years although this rate of increase is no t expected to continue. Ordinary dividends have grown at an average rate of 14% per annum over the past 10 years and this rate is a more realistic growth rate for future dividends. The present market prices for Bellingham s shares and debentures are: à £1 Ordinary shares à £7.02 ex div à £0.50p, 6% Pref shares à £0.55 ex div 7% Debentures 2016 à £100.51 ex interest Any new venture would be expected to achieve a return on capital employed in line with that experienced recently by Bellingham plc. The finance director favours a payback period of 5 years. Bellingham would therefore need to agree a realistic acquisition price for such a new venture and its future cash flows in order to determine whether these criteria could be met. Although a number of investment projects are being considered, the main proposal currently being investigated offers an expansion into the US prime-property market which is forecast to grow faster than the UK market. Bellingham s finance director has already calculated the trends in the financial ratios of American Creations, anShow MoreRelatedAustralian Tax Compliance And Laws For Individuals And Companies1021 Words à |à 5 PagesBroadly skilled finance professional with over 3 years experience in both accounting and taxation. Thorough understanding of Australian tax compliance and laws for individuals and companies. Excellent financial reporting skills, building meaningful financial information and reports that can be presented to financial and non-financial members. Benefits from Chartered and Commercial environments, whilst quickly demonstrating the versatility to adapt to both. Pro-active communicator, confidently developingRead MoreFin301 Case Assignment Essay1005 Words à |à 5 PagesTUI UNIVERSITY Module I: Case Assignment FIN301: Principles of Finance October 31, 2011 Introduction For the following Case Assignment, I will investigate if the finance departments are the best place to train future CEOââ¬â¢s. In addition, I will include a discussion of the pros and cons of hiring a CFO to be CEO. Also, I will provide two actual examples of CFOââ¬â¢s of publicly-traded companies who became CEOââ¬â¢s of publicly-traded companies within the past 5 years. Furthermore, I will researchRead MoreA Guide Up A Self Managed Superannuation Fund Essay902 Words à |à 4 Pagesyour finances and investments â⬠¢ More investment options ââ¬â you can choose where and when to invest â⬠¢ Significant tax benefits Managing your own superfund and getting it right is important. We will provide you with the advice and support to comply with rules and regulation. We can help you: â⬠¢ Establish the fund and relevant registrations â⬠¢ Help manage the rollovers into the fund â⬠¢ Liaise with your Financial Planner to establish an investment â⬠¢ Liaise with your lender to organise property finance â⬠¢ CompleteRead MoreWhat Makes A Business? Essay731 Words à |à 3 PagesH1 Let Us Help Get You Off the Ground with Our Professional Business Establishment Accountants Operating in Box Hill Creating a business can be a hard task ââ¬â Acumen want to help your business grow so that you can be comfortable with your finances and live flexibly. We want to help you with the difficult financial matters so that you can focus more on building your business and you can rest assured that our highly professional team of accountants will provide you with a personalised service that willRead MoreAnthony Bugg Levine : A Global Leader World Economic Forum1741 Words à |à 7 PagesAnthony Bugg-Levine is a CEO at Nonprofit finance fund, Board Member of Global Impact Investing Network and Adjunct Associate Professor at Columbia Business School. He lives at Greater New York Area and he studied at Princeton University as MPA in Economic Development and at Yale as BA for Political Science and International relations. He has an award as Young Global Leader World Economic Forum last March 2014. He is into social entrepreneurship, microfinance, fund raising, emerging market, philanthropyRe ad MoreQuestions On Prospective Financial Information Essay1723 Words à |à 7 Pagesweeks so that management can take leave and review business performance. The owner will manage and operate the business. Should assistance be required ownerââ¬â¢s partner may assist. Initially day-to-day finances, record keeping, payroll, and monthly reporting will be managed in house. However, quarterly BAS reporting and major financial matters will be outsourced to an accountant and potentially will pass on other financial matters as business grows. Legal requirements will be consulted with a lawyer.Read MoreSar Ba 4111000 Words à |à 4 PagesDigby Company Simulation Analysis Report Brandon LoPresti Bll5204@psu.edu BA 411 Section 007 I, Brandon LoPresti, affirm that I have not and will not give or receive unauthorized aid on this deliverable and I will complete this work honestly and according to the instructorââ¬â¢s guidelines. Executive Summary As the Chief Executive Officer of Digby Company, I am proud to present a report on the status of our company to the Board of Directors. Here at the Digby Company, our strategy strivesRead MoreIntroduction to Debt Capital Markets1576 Words à |à 7 PagesMarkets Craig Rydqvist rbs.com/gbm Introduction My background Finance sector focussed education and experience but not ââ¬Ëtraditionalââ¬â¢ IB route Education â⬠¢ â⬠¢ First degree ââ¬â BSc in Management Studies; Postgraduate ââ¬â MSc Masters in Finance (part-time). Work Experience â⬠¢ â⬠¢ â⬠¢ KPMG ââ¬â Financial Sector Audit and Consulting (ACA); Barclays Capital ââ¬â Finance followed by Trading and Structuring; RBS ââ¬â Finance followed by DCM Origination. Current Role â⬠¢ â⬠¢ â⬠¢ â⬠¢ Director ââ¬â ConduitRead MoreAirjet Best Parts, Inc. Part 11125 Words à |à 5 PagesFinance | | | | | | | | | | Course Project - Part 1 - Task 1: Assessing loan options for AirJet Best Parts, Inc. | | | | | | | | | | | | | | | | Question 1: | APR (given) | EAR (calc) | | 2nd ICONV | | | | | | National First | 3.25 + 6.75 = 10% | 10.25 | | NOM = 10% | | | | | | | | | | C/Y = 2 (semiannual) | | | | | | | | | | EFF = 10.2500 | | | | | | | | | | | | | | | | | | | | | | | | | | Regions BestRead MoreThe Airline Industry Analysis and the Market Theory6612 Words à |à 27 PagesAirways British Airways is one of the worldââ¬â¢s largest international airlines which is the national flag carrier of United Kingdom. BA started as a private company in 1935 and floated in London stock exchange in 1987. BAââ¬â¢s primary bases are London Heathrow and Gatwick airport. ââ" ª BAââ¬â¢s profit and total sales revenue is highly sensitive to the change in fuel price. BA made à £602000 profit from fuel surcharge in 2007. On an average every customer paid à £65 on the top of ticket price.[31] ââ" ª BAââ¬â¢s business
The Prodigal Son
Question: Select one Micro Script for this Essay Walser is often less concerned with recording the finished thought than with capturing the movement of a mind in the act of thinking; its the motion that stays with you, not a stable set of meanings. Answer: The Prodigal Son Abstract The short story being scribbled down with a pencil by Robert Walser talks about a weird man which he encounters on a day. He describes the day and base it over the prodigal man whom he saw once. It is evident from the fact that the opening consists of reference to this man. Once again I encountered the incomparably uncanny man, whom I consider a likeable, useful person. The narrator closely discusses about his opinion about the man whom he remarks as a person haunting nocturnal streets (Walser, 2010). I have a by no means unfavorable impression of this uncanny individual who haunts the nocturnal streets, I announce to you respectfully that I have now and then had occasion to see him standing before a shop window. The story talks about his behavior being a blend of good and bad and the author who is observing him closely across the street. His age was at an ironic stage being as old as a hill yet blossoming in the freshness of youth. He describes the man with such an inherent detail t hat poses up several questions about his appearance, his behavior, his attitude and his beliefs. Some of the evidences form the text are, This man of the world or pious manwhich neednt be such an incommensurabilitydoesnt believe in fatednesses, but now something entirely different has just occurred to me, namely the circumstance that imperious, dogmatic persons can just as suddenly turn into indulgent, docilely obliging ones. he maintains apparently excellent relations with distinguished house- holds and looks as though he were as old as the hills and in the bloom of youthas though he were constantly remaining the self- same immediate middle, the good fellow who isnt good, the bad one who isnt bad. The story then directs to the description of the prodigal son as described in the biblical context explaining about its nature and comparing with the ideal example. However, he also compares him with another figure named Saul who has no patience for emotionality (Walser, 2010) and is desc ribed in Old Testament. The writer goes on with describing the characteristics of Saul in some ironical contexts. He had highly engrossed love for music which also pierces his heart. He compares that uncanny man with the story of a prodigal son described in texts and hence claims that they are a bit unlucky yet try to be happy in such circumstances knowing about their fate and their future. This story basically questions about the feeling of being happy that contains both a strong and a shaky feeling (Bernofsky). Happiness in its own term is a feeling that has different meanings to different people. The uncanny man in its own is a story of intensive description of nature, attributes, behaviors and features of a prodigal son. This micro script from the book Microscript is a short description of a man who was observed by the author and was compared to the different personalities explained in biblical text of Old Testament. This short description beholds a lot of descriptive elements to paint an actual picture of all the personalities. This provides a short summary of the microscript.
Tuesday, April 21, 2020
International Expansion Analysis TripAdvisor Case Study
Introduction In the last few decades, the world has witnessed increased integration of the global economy, which has resulted in new opportunities for economic, and income growth. One of the significant driving forces is globalization as characterized by the production of goods and services, linked, and synchronized on a global scale thus opening significant opportunities in all regions.Advertising We will write a custom essay sample on International Expansion Analysis: TripAdvisor Case Study specifically for you for only $16.05 $11/page Learn More Therefore, as a company that aspires to internationalize its business operations, TripAdvisor has been motivated to expand into foreign markets such as China and Germany due to the looming market opportunities. Furthermore, there are various factors including the size of the company, its leverage, market saturation, and the overall market conditions that have made TripAdvisor to globalize its business and oper ations to such foreign markets. In that respect, the purpose of this paper is to focus on the international expansion of TripAdvisor in countries like China and Germany. The paper analyzes the motivations for international expansion based three theories namely the product cycle theory, imperfect market theory and theory of comparative advantage. A risk analysis of the countries where TripAdvisor wants to expand its business operations is also carried out. Besides, an analysis of the possible financing sources for TripAdvisor expansion is performed and an estimate of the cost of capital for TripAdvisor expansion project to China offered in the report. International Expansion Analysis for the TripAdvisor In February 2000, Palka Tom, Shanny Nick, Steinert Langley, and Kaufer founded TripAdvisor Company. After the company started to generate some profits in the fiscal 2002, the management began to expand its business operations to the United States and other parts of the European market s. hese markets attracted the company due to several reasons: (1) the regions had very large customer base, (2) the local residents who had travelled considered themselves risk-takers, (3) the market was fragmented and (4) the potential customers could be identified with regions. Theory of comparative advantage In international trade, the comparative advantage theory appears to be amongst the most imperative concepts that can be used to analyze global business operations for a company like TripAdvisor. Given that TripAdvisor yearns to increase its profits, expanding its global operations to a country like China will help the company to minimize the cost of operations. First, China offers cheap labor or inexpensive raw materials that TripAdvisor can use to help it minimize the incurred expenses. Second, unlike other companies such as eBay and Yahoo that failed to prosper in these new markets, TripAdvisor is financially leveraged and can successfully set its presence in Chinese and Ge rmany.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Besides, the overall market condition in Italy, Spain, and France where TripAdvisor operates is saturated and the two countries offer ready markets for this company to take advantage of and dominate the world largest travel sites (Tallman, 2010). Given that Germany and China are tourism destinations, TripAdvisor core businesses including displaying restaurants, inns, breakfast and beds, as well as attractions founded on reviews generated from the users can possibly surpass those offered by rival corporations (Luo, 1999). Thus, since the market conditions in Europe are currently saturated and unfavorable while the market conditions in China and German are favorable, TripAdvisor has been motivated to seek international expansion into the later countries. Imperfect market theory Spain, France, and Italy are some of the markets where busine ss operations information is hardly divulged to all market participants due to the level of market competitions. However, despite the fact that online travel booking consumers in China are few, the general market conditions are favorable and market information is accessible to all market participants. In fact, acquiring information on market operations in Germany and China is inexpensive and this is an addition international expansion advantage for TripAdvisor Corporation (TripAdvisor, 2009). The online travel markets found in China and German are managed and regulated by responsible authorities hence the prices for the travel market services and goods are not controlled by a single or many sellers. The Chinese and German markets are leveraged and companies such as Monster, About.com, eBay, Yahoo, and Google could not thrive under the prevailing situations. Product cycle theory Most literature on international expansion strategies assert that corporations that aspire to go global mu st first establish themselves domestically prior to going international (Wald, 1999). This implies that, TripAdvisor Corporation has been serving the local markets for more than ten years. In fact, TripAdvisor Corporation has offered the online travel market services and goods to the locals since its introduction through to the growth stage, maturity stage, and the declining phase. Having been famous at the domestic level, TripAdvisor is obliged to expand its business and market operations to the overseas countries like China and Germany in order to accomplish its service provision demands in foreign markets (Harrison John, 2009).Advertising We will write a custom essay sample on International Expansion Analysis: TripAdvisor Case Study specifically for you for only $16.05 $11/page Learn More Thus, the need to start from service introduction through to the declining stage is amongst the motivations that drive TripAdvisor Company to seek for internationa l business and market expansion in these foreign lands. That is, TripAdvisor aspires to introduce its online travelling market services in areas where it presence has not been felt. TripAdvisor possible expansion in Germany and China Before expanding its business operations into countries such as Germany and China, TripAdvisor must put into consideration numerous risks factors prior to deciding the region that offers lucrative business opportunities. However, both countries present different business and market environments in terms of fluctuations in global currencies, political and economic instabilities, as well as cultural and religious influences (Kirsner, 2010). The overall fluctuation of German and Chinese currencies is a major factor that might affect the development of TripAdvisor into these market economies. Equated to other nations such as Japan, France, and Italy this situation might cause strain in revenues and operating incomes in both Germany and China. Moreover, ther e is political polarization in some Chinese market regions where TripAdvisor intends operate. In China, policies regarding minimum wages are observed strictly unlike in German environs and this is intended to shun infringing labor rights. Monetization is a general challenge in China in that only limited success is evident in all businesses listed in the recent stock exchange. However, policies relating to foreign business are accommodative in both Germany and China such that it is easy for TripAdvisor to operate smoothly with minimum risks (Harteveldt, 2009). Generally, German consumers get encouraged to consume TripAdvisor products as currencies are stronger and the rates of interest are low in Germany than in China. The political parties in both Germany and China are in the forefront to make sure that the business environment is stable. Even during the economic slump periods, TripAdvisor intends to charge reasonable prices on its products to its customers in both countries. Given that its services are locally as well as globally oriented, it is advantageous for TripAdvisor to work in all areas across China and Germany (Gupta Herman, 2011). In contrary, its services can best be expanded to Germany than in China given that inflation in Germany is lower than in China whilst income rates for both countries are high. Germany and China uphold societal status and strong cultural practices hence TripAdvisor in its bid to expand its operations in these regions is likely to encounter cultural challenges (Madura, 2011).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In fact, to suit the general population standards of living TripAdvisor will have to upgrade its services to suit the cultural needs of the Chinese and Germans. Unlike China, Germany offers odd and flexible working hours thus making clienteles to access TripAdvisor online travel market services anytime. Recommendation TripAdvisor Corp has been conducting its online travel business operations in different foreign markets. However, the market entry modes depend on the type and nature of the market environment where the company wants to initiate its online business operations (Hill Jones, 2007). Since there are entrenched firms offering almost similar online travel products and services such as text links, business listings, and display advertising in China, the Chinese market is very competitive. Thus, to avoid encountering market entry barriers, competition and business challenges, it is prudent that TripAdvisor Corporation should seek a strategic alliance or merge with one of the l eading domestic online travel and service-offering firms based in China (TripAdvisor, 2010). The strategy will help TripAdvisor to avoid incidences of price competitions, tariff and market entry barriers, as well as have access to the locally available cheap raw materials and labour.à TripAdvisor Company should employ some competent Chinese managers to help it run the corporation in the Chinese environment. This follows the fact that Chinese managers are well conversant with the demands of the Chinese products consumers and the level of market competition. Besides, the managers will assist the company to abide by the culturally sensitive issues as well as the business operation regulations in China (Rappaport, 1986). Finally, TripAdvisor should minimize its costs of operations through hiring the cheap locally available labor and offer online travel market services at reduced prices to capture a larger market segment. Analysis of the financing sources for TripAdvisor expansion In o rder to go global, some of the possible financing sources for TripAdvisor include debt, and equity financing. However, one major challenge companies like TripAdvisor face is the choice made regarding the capital structure (Hutchinson, 1995). However, TripAdvisor is set free by its financial management to choose amongst the many alternative capital structures. For instance, as a globally recognized company, TripAdvisor can either opt to issue large amounts of debts or even very little debt. Moreover, the company has the option of arranging for the lease financing, issue convertible bonds, sign forward contracts, trade in bond swaps or use warrants. It can as well issue dozens of discrete securities in myriad combinations (Pinkowitz, Rohan Rene, 2007). Based on capital structure theory that was developed by Modigliani and Miller, it is evident that the capital structure adopted by TripAdvisor will greatly influence its mutual profitability. Hence, it is essential to find the imperati ve factors, which influence this companyââ¬â¢s choice of leverage. In most cases, TripAdvisor capital structure constitutes collateralized assets, which include assets, equity such as the hybrid capital, minority interest, subscribed capital, and reserves. Finally, the last groups within TripAdvisor capital structure are the financial liabilities (Graham Harvey, 2001). The global expansion funding for TripAdvisor venture will accrue from the ownerââ¬â¢s equity investments available in form of loan (Titman Wessels, 1988). Capital for TripAdvisor expansion project to China WACC for TripAdvisor is the average cost that the company incurs derived from the investorsââ¬â¢ capital and it incorporates a given combination of equity or debt (Fama French, 1998). Founded on the WACC principle, the capital costs always depict pre-tax costs for instance, costs incurred before investing and corporate taxes. To ensure that it operates efficiently, TripAdvisor should apply CAPM to monito r and further reduce its costs in its international expansion operations (Grossman Hart, 1982). TripAdvisor CAPM is given by rj=rf + à ²j(rm-rf) where rj = required return on a security; rf = risk-free rate of return; ßj = beta coefficient for the security and rm = required return on the market portfolio. Taking à ²j=1.93; rm=10% and rf=4%, rj= 0.04 + 1.93 (0.10-0.04) =0.16. The required return on market portfolio for TripAdvisor in the first fiscal year will be 16%. Conclusion The cost of capital determined using WACC principle corresponds to a similar tax level equivalent to the earnings underlying that are normally included in the returns on the invested capital (Gaver Gaver, 1993). From the computed WACC in the appendices, it is expected that the cost of capital for an international project will be higher than that of a domestic venture. This follows the fact that there are risks associated with international operations including volatility or high gearing which results i nto high earnings volatility (Gleason, Lynnette. Mathur, 2000). Thus, shareholders demand that the company achieve higher return targets for purposes of financial risks. Nevertheless, TripAdvisor Corporation gearing should utilize cheaper debt finance as well as trade-offs between riskier capital structure and cheaper finance. The cost of equity integrated into WACC reproduces the returns expected by the investors from TripAdvisor shares. Moreover, the costs of outside capital depend on the average borrowing cost of TripAdvisor (Booth et al., 2001). References Booth, L., Asili, D., Varouj, A. Maksimovic, V. (2001). Capital structure in developing countries. Journal of Finance, 56(4), 87-130. Fama, E. French, K. (1998). Taxes, financing decisions, and firm value. Journal of Finance, 53(1), 819-43. Gaver, J. Gaver, K. (1993). Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies, Journal of Accoun ting and Economics, 16(3), p.125-140. Gleason, K., Lynnette, K. Mathur, I. (2000). The interrelationship between culture, capital structure, and performance: evidence from European retailers. Journal of Business Research, 50(4), 185-91. Graham J. Harvey, C. (2001).The theory and practice of corporate finance: evidence from the field. Journal of Financial Economics, 60(2), 187-243. Grossman, S. Hart, O. (1982). Corporate financial structure and managerial incentives: The eco of information and uncertainty. Chicago, US: University of Chicago Press. Gupta, S. Herman, K. (2011). TripAdvisor. Harvard Business School Publishing. Boston, MA. Harrison, J. John, C. (2009). Foundations in strategic management. Boston, MA: Cengage Learning. Harteveldt, H. (2009). Why travellers contribute ratings, reviews and more online. Forester, September 10, 2009. Hill, C. Jones, G. (2007). Strategic management: An integrated approach. Boston, MA: Cengage Learning. Hutchinson, R. (1995). The capital structure and investment decisions of the small owner-managed firm: some explanatory issues. Small Business Economics, I7 (3), 231-9. Kirsner, S. (2010). Google acquires ITA software: The background briefing. Boston Globe, July 1, 2010. Luo, Y. (1999). Entry and cooperative strategies in international business expansion. Westport, Connecticut: Greenwood Publishing Group. Madura, J. (2011). International financial management. Mason, OH: Southwestern Cengage Learning. Pinkowitz, L., Rohan, W. Rene, M. (2007). Cash holdings, dividend policy, and corporate governance: a cross-country analysis. Journal of Applied Corporate Finance, 19(2), 81-87. Rappaport, A. (1986). Selecting strategies that create shareholder value. Harvard Business Review, 1(2), 140. Tallman, S. (2010). Global strategy. Hoboken, New Jersey: John Wiley Sons. Titman, S. Wessels, R. (1988). The Determinant of capital structure choice. Journal of Finance, 1(43), 1-19. TripAdvisor (2009). TripAdvisor expands in China wi th agreement to acquire Kuxun.cn. Press News, August 12, 2009. TripAdvisor (2010). Fake TripAdvisor reviewers to be named and shamed. Daily Nation, October 27, 2010. Wald, J. (1999). How firm characteristics affect capital structure: an international comparison. The Journal of Financial Research, 1(22), 161-187. This essay on International Expansion Analysis: TripAdvisor Case Study was written and submitted by user Isabell Wilkinson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Monday, March 16, 2020
The Controversy of Stem Cell Research
The Controversy of Stem Cell Research Free Online Research Papers For years scientists have experimented, studied, and researched to find cures to numerous devastating diseases. It has been questioned whether many of those diseases will ever be cured. At the present time, the best, and possibly even the only way to develop a cure for those diseases can be found through the research of embryonic stem cells. Unfortunately, stem cell research is being hindered by people and organizations who are opposed to it. There are many moral issues behind this, and there are strong reasons on both sides. First: perhaps it would be best to explain what a stem cell is. In the executive summary for an essay done by the Health and Human Services Department and the National Institutes of Health about the scientific progress and future directions of stem cell research, it explains stem cells as follows: A stem cell is a special kind of cell that has a unique capacity to renew itself and to give rise to specialized cell types. Although most cells of the body, such as heart cells or skin cells, are committed to a specific function, a stem cell is uncommitted and remains uncommitted, until it receives a signal to develop into a specialized cell. Their proliferate capacity combined with the ability to become specialized makes stem cells unique. Researchers have for years looked for ways to use stem cells to replace cells and tissues that are damaged or diseased. Recently, stem cells have received much attention. What is new and what has brought stem cell biology to the forefront of science and public policy? Stem cell research has many positive benefits to it. One of the worlds worst diseases, cancer, has gone a long time without a cure. Some people would even doubt that there could be a cure. Since stem cell research has emerged, though, many opinions on the cure for cancer have changed. Scientists now see, through the research of stem cells, the possibly for finding a cure for cancer. If that is true, why then, is it, that many people are opposed to stem cell research? The question, Is an embryo a human being, or is it not? is what Matt Moulton, an eccentric supporter of stem cell research, says is the reason for all of the controversy. Why does it matter? Stem cells are taken from the embryo of what will become a human being, or in some peoples opinion, already is a human being. Even if it is a human being, what is the problem with taking a few cells? The embryonic would eventually develop into the testes or the ovaries. Hence, if the embryo ever fully developed, it would develop without those parts, which are essential parts of the human body. Of course, it all depends on whether one is correct in considering the embryo as a human or not. Even if it can be considered as human, would it not be worth it for what could be accomplished through the research of the stem cells? In the same executive summary as mentioned above, it gives an idea on what stem cell research can accomplish: Stem cells may hold the key to replacing cells lost in many devastating diseases. There is little doubt that this potential benefit underpins the vast interest about stem cell research. What are some of these diseases? Parkinsons disease, diabetes, chronic heart disease, end-stage kidney disease, liver failure, and cancer are just a few for which stem cells have therapeutic potential. For many diseases that shorten lives, there are no effective treatments but the goal is to find a way to replace what natural processes have taken away. For example, today, science has brought us to a point where the immune response can be subdued, so that organs from one person can be used to replace the diseased organs and tissues of another. But, despite recent advances in transplantation sciences, there is a shortage of donor organs that makes it unlikely that the growing demand for lifesaving organ replacements will be fully met through organ donation strategies. From that passage, one could see the numerous benefits that come from stem cell research. Many would say that the benefits are enough that it would be worth risking the possibility of the embryo being considered a human being. The possibility of curing cancer, Parkinsons disease, and many others is something that some would consider more valuable that the life of something that may not even be considered a human being. Even so, there are still many who oppose it. In many ways, it is treading the same territory as the questions about abortion, but that is another topic. The morality of experimenting on part of what may someday be a human being is one of the biggest problems. There are many religious conflicts with this, as well. Questions that emerge about stem cell research are often times similar to ones about cloning, as much of the concept is similar. But it all depends on how you view the idea. Are you ruining an embryo or a human? Stem cell research can also find the causes and possibly ways to prevent birth defects. So one could say, that by messing up a few babies, it is saving thousands. In many ways it is a question of putting the individual or the whole first. Is it wrong to sacrifice soldiers for the sake of a country? Is it wrong to sacrifice embryos for the sake of humanity? Suppose scientist were wrong in their assumption that all of those diseases could be cured? Then they messed up a lot of embryos, or maybe even humans, all to no avail. Then a lot of embryos were sacrificed, and nothing was gained; the soldiers were sacrificed for the nation that lost the war. In that case, those who oppose stem cell research would have been right in opposing it. Of course, no one will know until they try it. If nobody puts money into researching stem cells, and everyone is opposed to it, then no one will ever find out if it really can cure all of those diseases. If people do support stem cell research, though, then they will find out if it is possible to cure cancer, diabetes, Parkinsons disease, and so many others. If it is possible, society made a good choice; if it isnt possible, society made a big mistake. Who can say which is right and which is wrong? Again supposing that embryos really are human. Its a very moral question, there. Are you ruining what would develop into a human being, or are you ruining something that is merely an embryo, without any human attributes to it yet? Are you taking what would be a living, breathing, human being, and using a part of it to make tissue and organs for another human body, or is it just another embryo? Those questions may never be fully answered. Compare it to this analogy. Looking back to the early nineteenth century America, back when African-Americans were mostly in slavery. White slave owners used their slaves to do most of their work, while they sat back and made more money. The white slave owners were building the economy and keeping the fledgling nation financially secure. Of course, it didnt matter that all of the wealth was gained at the expense of the slaves; because, after all, they were slaves, not people, right? Compare that to the research of stem cells. Scientists are taking the stem cells from the embryos, just to find a cure for some diseases; it doesnt matter, of course, because their just embryos, not humans. It all depends on how one looks at it. That could be an acceptable excuse, and it could not. It all comes down to the simple fact that it cannot be decided which side is right. If the cures could be found through stem cell research, then perhaps it could be worth the loss. If the cures cant be found, and all it really does is ruin a bunch of babies, then it was a mistake. At the current moment, not enough is known to decide which is right. In favor of continuing research on stem cells, the same executive summary from the NIH and the HHS states: Predicting the future of stem cell applications is impossible, particularly given the very early stage of the science of stem cell biology. To date, it is impossible to predict which stem cells- those derived from the embryo, the fetus, or the adult- or which methods for manipulating the cells, will best meet the needs of basic research and clinical applications. The answers clearly lie in conducting more research. So those who support it want more research, whereas those who oppose it dont want to sacrifice any more embryos to do the research. Which one is right in their actions? Who could say? Stem Cells: Scientific Progress and future research directions Department of Health and Human Services June 2001 Stem Cell Research Foundation AAAS/ICS Report on Stem Cell Research Institute for Stem Cell research at the University of Edinburgh Moulton, Matt. Personal Interview. 18 Dec. 2003 Research Papers on The Controversy of Stem Cell ResearchGenetic EngineeringBionic Assembly System: A New Concept of SelfResearch Process Part OneInfluences of Socio-Economic Status of Married MalesCapital PunishmentThree Concepts of PsychodynamicAnalysis of Ebay Expanding into AsiaComparison: Letter from Birmingham and CritoRelationship between Media Coverage and Social andOpen Architechture a white paper
Subscribe to:
Posts (Atom)