Thursday, August 27, 2020

Assessing Your Company for Noble Cause Essay

In the previous not many years, emotional change has been seen in the manners that are being utilized for finishing a vocation, as it isn't hard to track down and stay with incredible workers in the. A general move in work environment esteems has been raised, which is a reality, and which, has changed the manners in which that were utilized to perform and finish the work by the representatives. In such manner, it is essential to comprehend the previously mentioned move, so as to fabricate a solid organization, while saving money on the finance. Some different variables have assumed a crucial job in changing the mentality of these workers, just as, their qualities in the organization. The pattern of worldwide market is one of the elements, by which, the situation of power of the workers have been lashed safely. Moreover, specialist strengthening and change in socioeconomics have likewise assumed a urgent job in pushing supposed information laborers in the passenger seats of the organization. The need of a superior work and life balance has likewise tends the vocation to be yielded by the representatives in this assurance. Customarily, turnover has been stemming by the contribution of motivations, for example, advancements, raises, and so on by the organizations. In any case, a progressively natural harvest of motivators has been turned by the human asset chiefs mightily. A portion of the reasons of this change have been the worldwide rivalry and wages, which have rise essentially in the previous years. Likewise, chains of command have crumpled and the advancement pool has contracted in these years. â€Å"Wise organizations won't let any momentary downturn change their endeavors to get one of the most alluring spots to work† as proposed by a West Coast-based maintenance tactician and speaker, John B. Izzo. (Wilts, 2001) Demographics can't be changed by the human asset executives. Be that as it may, the business representative force dynamic, which is being influenced by the fourth factor, can be reacted by the organizations today. Lines are presently being attracted the sand, as an addition has been seen in the danger of burnout ten times by the working of longer hours and less recreation time of the representatives. In such manner, a pace of progress remarkable in history is being looked by the laborers in organizations. It has been seen that self-personality is being tied up with the work character by today’s laborers, as appeared in changed examinations. Rather, work and recreation is being attempted to offset with the assistance of various ways that are being investigated by these laborers. In such manner, moving of the estimations of these laborers has been watched perceivably. The ways are strengthening, which are being executed by the laborers, so as to accomplish their own objectives. In such manner, incredible staff is being discovered, kept, and drew in with the assistance of following techniques: Practical circumstances and offers ought to be made to the representatives with the respect to the improvement and upgrade of their work and life balance. A feeling of a more profound reason ought to be advanced for the workers. Various open doors identified with the expert turn of events and development of the workers ought to be advertised. Workers ought to be treat like accomplices instead of regarding them as hirelings. A people group ought to be made in the working environment, so as to help laborers in their office work, just as, their schoolwork. Trust ought to be reconstructed with the laborers inside and out. Recommendations for Companies An underlying appraisal has been planned from the accompanying explanations in regards to the manner in which an association and its specializations are doing in light of the systems of quest for representatives with point of view of an honorable motivation. Thinking will be guided from this evaluation, be that as it may, no conclusive quantitative examination will be given by it. A scale has additionally been given to asses the announcement with respect to your workplace. The more profound significance of the item or a help has been portrayed by an announcement of the organization. For example, human life has been improved and protected, individuals are fulfilled at home, and so on. (It ‘Yes’ is the appropriate response, however, it is uncommon, at that point 1 point ought to be doled out. On the off chance that the announcement is genuine and applied frequently, at that point 3 focuses ought to be counted). Organization gives openings with respect to the distinctive volunteerism and network administrations to the workers. (On the off chance that the open doors have been given by the organization, at that point 1 point ought to be given. On the off chance that preparation and consolation is given to the representatives, at that point 2 focuses ought to be given. In the event that installment is given to the workers who take an interest in these exercises, at that point give 3 focuses) . The individuals are motivated by higher morals, so as to play out the proper thing with the assistance of a lot of qualities in the organization. (In the event that a lot of qualities is in the association, yet it is infrequently applied, at that point give 1 point. On the off chance that these qualities have been utilized, and guaranteeing strategies have been executed, at that point 3 focuses ought to be given. On the off chance that such an announcement is in the organization, yet the qualities are not seen by the organization, and it has become a joke for the workers, at that point take away 2 focuses) . In the network, a notoriety in regards to the dedication has been picked up by the organization with respect to the bigger network. (one point) . Benefits are not viewed as the main method of introducing the aftereffects of the organization. Be that as it may, the individuals who have been sway by the administrations of the organization are regularly introduced during huge organization gatherings. (On the off chance that these propensities are performed by the organization, at that point 1 point ought to be given. On the off chance that administrations are given more grounded inclination over benefits, at that point 3 focuses ought to be given) .

Saturday, August 22, 2020

Effect of Intoxication on Generosity | Article Analysis

Impact of Intoxication on Generosity | Article Analysis In their 50thâ volume, the Journal of Experimental Social Psychology distributed an article named â€Å"Focused On Fairness: Alcohol Intoxication Increases the Costly Rejection of Inequitable Rewards† in which they investigated the impacts of liquor in regards to a people affinity to acknowledge an arrangement in with there exists uncalled for remunerations. In the main investigation, members were enrolled from outside of bars in Pittsburg, PA somewhere in the range of 9pm and 3am to play a changed final proposal game with conservative prizes. This kind of field try was picked so as to both discover a pool of subjects that were new to mental investigations and exploratory monetary games, just as consider members to toast their favored degree of inebriation, which may contrast from what they would have been exposed to in a lab setting. Subjects had their BAC tried and afterward continued to be segregated in desk areas where they would finish the test. Subjects were persuaded t hey were playing against another live human, however in reality they were playing against a PC program. Subjects were given 100 pennies to play with in each round, choosing the amount to offer their accomplice and the amount to save for themselves, and afterward would present their proposals to their accomplice who might either acknowledge or dismiss the offer and afterward continue to start another round with the jobs having been exchanged. The PC program that the members played with would acknowledge any offer >30 pennies and deny any offer The test basically demonstrated that while inebriation may have no impact on liberality or evenhandedness of offers, it had an impact on a subject’s affinity to dismiss uncalled for offers. Higher BAC mirrored an improved probability of dismissing an out of line proposition, yet it made little difference to probability of proposing or tolerating liberal as well as reasonable offers.

Tuesday, May 26, 2020

Business Finance Assignment - Free Essay Example

Sample details Pages: 5 Words: 1642 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Essay any type Did you like this example? Business Finance Introduction As a 65 years old retiree who required a stable income, may prefer a low-risk low return portfolio. She invested all of her saving $1m into XYZ Companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s stock is too risky. She should have a balanced portfolio with a proper planning because it can have a large impact on long-term performance. Don’t waste time! Our writers will create an original "Business Finance Assignment" essay for you Create order Portfolio theory One of the basic rules of financial planning is not to put too many of yours assets in one investment- the old à ¢Ã¢â€š ¬Ã…“donà ¢Ã¢â€š ¬Ã¢â€ž ¢t keep all your eggs in one basketà ¢Ã¢â€š ¬Ã‚  rule of money management (Opdyke, 2006). Investors can diversify portfolio and select the optimum risk-return trade-off for themselves, depending on the extent of personal risk acceptance. Benefits of diversification in portfolio Diversification means distribute your capital to different investments to reduce your overall investment risk. If one investment performs poorly over a certain period, other investments may perform better over that same period, and then it may reduce the overall losses of your investment portfolio (Arnold, 2013). The Exhibit1 shows the benefit of diversification portfolio. The greater the number of securities, the lower the risk is justified. Portfolio 1, share market volatility is relatively high which is15.60%; the share portfolio ma y suffer a loss of 42.90%. Portfolio 2 spread assets to a high risk investment such as UK Equities, Gilts and Property; portfolio 3 spread assets to a low risk investment such as Global Equities, Bonds and Property. Higher riskis associated with greater probability ofhigher return, vice versa. In portfolio 4 which also hold investments in other asset classes such as property, bonds and commodities that give the volatility of 6.30% and a return of 11.60%. It is obvious that these investments may perform better over the same period and these returns will smooth the returns of the overall investment portfolio. Exhibit 1 Portfolio Returns Portfolio1 Portfolio2 Portfolio3 Portfolio4 UK Equities 100% 45% UK Gilts 45% UK Property 10% Global Equities 45% 35% Global Bonds 45% 35% Global Property 10% 7.5% Commodities 7.5% Hedge Funds 7.5% Managed Futures 7.5% Annualised Return Volatility(Std Deviation) Maximum Loss Return/Volatility 0.7 1.1 1.5 1.8 Return/Max Loss 0.3 0.6 0.9 1.4 Sources: Bloomberg, Frontier Investment Management LLP Investment Advice and Plan There are many investment options like bank savings account, annuity, certificate of deposits, bonds, stocks and so on. At the first step, i recommend holding a minimum of 3-12 monthsà ¢Ã¢â€š ¬Ã¢â€ž ¢ worth of living expenses in cash and money markets. You can put your money in the savings account that typically with lowest interest rates. However, it is safe to put some of the savings in the bank savings account as you can deal with emergency. Subsequently, you can purchase an annuity which pays you a stable stream of income for a specific length of time or the rest of your life. Therefore, you will have a guaranteed retirement income to cover your general expenses such as transportation, groceries and those basic necessities of life. On the other hand, you can also use the social security income by purchasing an immediate annuity. The cost of delaying social security is considerably cheape r than the cost of buying an immediate annuity in the marketplace as the low interest rate. For example, assume that one plans to take social security at full retirement age with annual payments of $20,000. If you defer social security for one year, the payments increase by 10% to $22,000. If you purchase an annuity of $20,000 with an annual payments of $2,000but it will adjust with inflation.Hence, using the $20,000 to purchase an annuity in the market would provide substantially less than $2,000withoutany adjustments for inflation. In addition, you can deposit your money with a bank and promise not to touch the cash for certain period of time that is a Certificate of deposit (CDs) (Opdyke, 2006). In return of promise, the bank will pay you interest based on the interest rate it offers on saving products. CDs generally lock up the money for a period of time: three months, six months, nine months, one year, two years and five years. The longer the periods of time, the higher the interest rate earned. On the other hand, CDs may impose penalties if you withdraw your money before the contractà ¢Ã¢â€š ¬Ã¢â€ž ¢s stated time period expires (Opdyke, 2006). Therefore, you should evaluate your near-term cash needs before lock up your money for a long period. Next, investing your savings in debt and equity instruments is the best choice of making money as it will give you better returns. Debt finance is less expensive than equity finance; due to the lower rate of return required by finance provider, lower transaction costs of raising the funds and tax deductibility of interest (Arnold, 2013). Debt holders can receive payment and have the rights to demand their contractual return before shareholders receive anything (Arnold, 2013). Therefore, you can structure a portfolio of bond that provides a higher return. A bond is a long-term contract in which the bondholders lend money to a company (Arnold, 2013). The company will pay the bond owners predetermined paymen t which is called coupon usually every six months until the bond mature. At the maturity date, bondholders will receive a specified principal sum called the par value of the bond. The time of maturity is typically seven years and thirty years and a number of firm issue 100-year bonds. The payment received can be used for your holiday and other entertainment expenses. Bonds also offer risks that are credit risk and interest risk. Companies can do default on their bonds in troubled times (Opdyke, 2006). The Exhibit2 shows the default rate of different grades of bond in 1999-2013. The higher the ratings like ratings of AAA to BBB, the more unlikely that the default risk may face. The ratings of BBB or above is regarded as à ¢Ã¢â€š ¬Ã‹Å"investment gradeà ¢Ã¢â€š ¬Ã¢â€ž ¢, the bonds rated below this are called junk bonds (Arnold, 2013). After two years only 0.01 per cent of A bonds defaulted, whereas 9.52 percent of B bonds defaulted. Exhibit 2 Fitch Tax-Supported Average Cumulative Default Rates: 1999à ¢Ã¢â€š ¬Ã¢â‚¬Å"2013 (%) One-Year Two-Year Three-Year Four-Year Five-Year AAA 0.00 0.00 0.00 0.00 0.00 AA 0.00 0.00 0.00 0.00 0.00 A 0.00 0.01 0.04 0.07 0.08 BBB 0.00 0.00 0.00 0.00 0.23 BB 1.15 5.80 7.14 6.67 0.00 B 3.70 9.52 5.56 7.14 7.14 CCC to C 12.50 0.00 0.00 0.00 0.00 Investment Grade 0.00 0.00 0.02 0.03 0.05 Speculative grade 3.62 5.61 5.81 5.63 1.64 All Tax-Supported Sector Ratings 0.02 0.03 0.04 0.05 0.06 Sources: (Ratings, 2014) With some bonds, a company or a government agency will put up collateral, an assets that secure the debt so that if the company or the government agency unable to repay the loan, then you and all others lenders have a right to claim some portion of the collateral to recoup your investment (Arnold, 2013). This kind of bond is more secured. At last,you can invest in the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s share, distribute your assets to the riskier common stock with a small proportion that may provide higher returns and sweeten the portfolio for the future (Spitzer Houge, 2012). To invest in a stock is to become part owner of a business. Stockholders are entitled to a share of any dividends as a company may pay (Opdyke, 2006). If the business perform well then high return will be earned and the share price tends to rise (What influences a share price, 2013). It is uncertainty that the amount of dividend received in the future and also the market value of the s hare at the end of the period. Thus, stockholders have the greatest potential for reward but also accept the most risk for loss. Stocks are priced based on the earnings. As the earning grows, the stock price grows even quicker because of the relationship between the price and earnings (Opdyke, 2006). If a stock has a price earnings ratio (P/E) of 10, then every 10% increase in the earnings generally moves the stock price by $1.10. The higher P/E ratio indicate the greater the growth potential of a stock, the more likely its high stock price is justified (Way, 2007). Conversely, if the company was not doing well then the stock price is low and the stock could still be considered expensive such as the XYZ Company because a positive relationship exists between the stocks market price and its intrinsic worth. Besides that you can invest in preferred stock of company. It designed to pay a set of dividend every quarter and the risk bearing is less than do common stock (Arnold, 2013) . As a preferred stockholder, you will be received payment before the company pay for common stockholders but you have no voting rights unless dividends are in arrears. The dividend is based on the price at which the shares were originally sold to the public, par value. Moreover, the fluctuated earnings donà ¢Ã¢â€š ¬Ã¢â€ž ¢t directly affect the share price as they do with common stock. Shareholders are interested in a flow of dividends over a long period. Dividend policy is the determination of the proportion of profits paid out to shareholders, usually periodically (Arnold, 2013). The promise of a flow of cash in the form of dividend attracts investors to sacrifice immediate consumption and used it to purchase shares. In the case, the XYZ Company is going to cut dividend for the next few years. Dividends act as an important conveyor of information (Arnold, 2013). It can be assumed that, the firm needs funds to invest in the high-yielding project. In such circumstances, investor s should be well-informed that the cash retained will be going into positive NPV project which will generate future dividend increases for shareholders. It can also be assumed that companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s earnings declined overtime so that company unable to meet the dividend payment. However, others information could assist investors to determine whether the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s stock is still worthwhile to invest. For instances, the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s earnings ability, the pre-interest profit, dividend yield and 52weeks high and low stock price in the recent years. Otherwise, investors can sell a portion of their shares to other investors if they need an income or have no confidence in the company. In conclusion, you should sell off your company share and spread your assets to difference investments that may provide you a stable income. I recommended a portfolio that to hold 10% of cash, 20% of annuity, social security and pensions, 60% of bonds, CDs and prefere nce stock and 10% of speculative stock. 1

Friday, May 15, 2020

Neville Longbottoms Character Development - Free Essay Example

Sample details Pages: 2 Words: 647 Downloads: 10 Date added: 2019/04/12 Category Literature Essay Level High school Tags: Harry Potter Essay Did you like this example? We regularly distinguish ourselves with artistic characters that are thought little of and disregarded. Why is this so? A character who shows calm quality as opposed to rowdy commotion is every now and again disregarded, and regularly thought little of. In the Harry Potter books (Rowling, J.K.. Don’t waste time! Our writers will create an original "Neville Longbottoms Character Development" essay for you Create order Harry Potter and the Sorcerers Stone. New York: Scholastic, 1999), Neville Longbottom shows development and gallant activity in apparently non-customary ways, and is regularly underrated in their incentive to terrific plan of occasions in the Harry Potter books.Neville is presented as a clumsy indeterminate young fellow who is totally unconscious of his capacities. On paper, he has every one of the makings of a pariah. Neville does not perform well in school, he is awkward (he outings and afterward explodes mixtures in class, as his schoolmates yell Ten focuses from Gryffindor!). The greater part of all, he is frightful, which makes him a simple focus for Draco Malfoy, an unadulterated blood wizard and the child of Death Eater. Indeed, even Matthew Lewis, the performing artist who plays Neville Longbottom, says he had such a great amount to offer that individuals couldnt see at confront esteem. They were rousing characters that individuals barely batted an eyelash at the prospect of at first and they stood up and held fast (Woerner, Meredith, 2011).All through the Harry Potter books, the impossible legends character step by step unfurls, as he exhibits dauntlessness,unwaveringly, consideration, and modesty. Neville Longbottoms movement from an insignificant Hufflepuff to an overcome, sure Gryffindor is astonishing, as he rises a negligible kid and develops into an overcome and bold young fellow. He faced Voldemort when all expectation was lost, and he likewise hauled a sword out of a cap and murdered a horcrux quickly and consistently. All through the Harry Potter books, the impossible saints character step by step unfurls, as he shows grit, dedication, consideration, and lowliness. Neville Longbottoms movement from a negligible Hufflepuff to an overcome, sure Gryffindor is bewildering, as he rises a simple kid and develops into an overcome and gallant young fellow. He faced Voldemort when all expectation was lost, and he likewise hauled a sword out of a cap and slaughtered a horcrux quickly and consistently.In the Harry Potter books, the greater part of Nevilles companions feel he ought not be in Gryffindor. Indeed, even Neville didnt believe that he was overcome enough to join their positions of Gryffindor. Afterward, Neville ends up being more than commendable, when he wins a perpetual enrollment to Dumbledores Army, wins the Battle of the Department of Mysteries, the Battle of the Astronomy Tower and the Battle of Hogwarts.As Neville joined Dumbledores Army, his certainty was sustained inside his fellowship wit h Harry and his inward circle. Nevilles companions talk inspirational statements that give him quality to meet peoples high expectations. In the Sorcerers Stone, Ron shouts, You must confront him, Neville! said Ron. Hes accustomed to strolling all finished individuals, however that is no motivation to rests before him and make it less demanding.In the early years, not exclusively did Neville not believe that he should be in Gryffindor, yet others likewise disclosed to him so. By and by, in the Sorcerers Stone, his companions give him the delicate poke that necessities to develop into a sure legend who goes to bat for himself as well as other people. Twelve Malfoys is as yet insufficient to portray the enormous expectation that Neville conveys to modest and clumsy children all over the place. Nevilles change archives the excursion of a hesitant and unverifiable young man into a young fellow viewed as a legend. All in all, Neville is a standout amongst the most underrated characters in the Harry Potter books as a result of the change he experiences in his capacity to confront his apprehensions and take care of more promi nent issues as a pioneer.

Wednesday, May 6, 2020

eleanor roosevelt Essay - 576 Words

Anna Eleanor Roosevelt Eleanor Roosevelt was born in New York City on October 11, 1884, daughter of lovely Anna Hall and Elliott Roosevelt, younger brother of Theodore. When her mother died in 1892, the children went to live with Grandmother Hall; her adored father died only two years later. Attending a distinguished school in England gave her, at 15, her first chance to develop self-confidence among other girls. Eleanor married her fifth cousin, Franklin Delano Roosevelt. Tthey became the parents of six children. In World War 1, she became active in the American Red Cross and in volunteer work in Navy hospitals. Franklin Roosevelt was stricken with polio in 1921. Mrs. Roosevelt became active in politics both to help him maintain his†¦show more content†¦Roosevelt was in the United States Delegation to the United Nations General Assembly, a position she held until 1953. She was chairman of the Human Rights Commission during the drafting of the Universal Declaration of Human Rights. Eleanor Roosevelt was a popular speaker and lecturer in person and on radio and television. She was a writer with many articles and books. What was most interesting about Eleanor Roosevelt was that she could do all those things in one day. The next day she would go and do those things all over again. What amazes me is how she could do all of those things in one day because that is something I could not do. When Anna was a baby her mother called her ugly and her father called her a gift from heaven. When Eleanor was older, her mother and father would go out to parties. One day her father took her to a party where she saw all the boys wearing ragged and ripped clothing, while she had nice clothes to wear. When Eleanor became First Lady she remembered this and did what she could to help poor people. In her later years, Mrs. Roosevelt lived in Hyde Park New York. She had an apartment in New York City where she died on November 7, 1962. She is buried alongside her husband in the rose garden in Hyde Park, now a national site. Eleanor Roosevelt was an interesting person because she was able to do so many things so well. She wrote books, gave talks, traveled, helped the poor, and took care of her husband. TheShow MoreRelatedEleanor Roosevelt Essay928 Words   |  4 PagesJr. †¢Ã‚   Susan B. Anthony †¢Ã‚   Eleanor Roosevelt †¢Ã‚   Andrew Jackson Eleanor Roosevelt Born into a select group of families known as New York Society, Eleanor Roosevelt would become known for her compassion for all human kind, regardless of race, religion, sex or economic status. She would dedicate her life to fighting for the rights of women and children, blacks and Jews, Americans and people from other countries, and senior citizens and the common worker. Eleanor would change the way the countryRead More Eleanor Roosevelt Essay1601 Words   |  7 Pages Although Eleanor Roosevelt served as first lady from 1932 to 1945, her influence lasted much longer than expected. Eleanor became her husband’s ears and eyes during her husband’s presidency and aided human rights during her entire life. She did what no other First Lady, or woman had dared to do before; she challenged society’s wrong doings. Many respected her; President Truman had called her â€Å"the First Lady of the World (Freedman, 168).† Eleanor Roosevelt was an amazing first lady who helped herRead MoreEleanor Roosevelt as a Leader845 Words   |  4 Pages One very successful leader, who was also a hero in the popular press, was Eleanor Roosevelt. Eleanor Roosevelt made enduring changes in the role of the First Lady of the United States, and championed change in human rights around the world. 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Her work touched the lives of millions of Americans and influenced many aspects of American politics. She was a master of her domain, interacting with millions and breaking down many barriers. Her work can be considered creative because it was so unconventional. She took on roles that were considered untraditional for women, and with an innovative approach. I admire her work as aRead More Eleanor Roosevelt Essay2451 Words   |  10 Pagesrespect as the first lady Eleanor Roosevelt gained a lot of her international esteem as a civil rights activist long before that. Eleanor’s interest in politics did not begin when her husband began his career in politics. Once he was named to the Democratic ticket, as Vice President Eleanor became interested in politics. While Franklin was becoming governor of New York she was campaigning for him unknowing that she was advancing her politica l career as well. Once Eleanor became first lady it was alreadyRead MoreEleanor Roosevelt2144 Words   |  9 PagesHernandez 1 Hernandez 1 On October 11, 1884, a remarkable individual whom would later be considered one of the world’s most influential women was born. Eleanor Roosevelt was born in New York to her parents Anna Hall Roosevelt and Elliot Roosevelt. With her blue eyes and light brown hair, she would warm the heart of every individual she came across. She grew to be five feet and eleven inches, which to this day makes her the tallest first lady. With regardsRead More Eleanor Roosevelt Essay1518 Words   |  7 Pages Eleanor Roosevelt was a honest person who had responsibility and compassion towards her husband , family and her fellow man, whatever their social status. She used great citizenship and initiative actions in dealing with anyone who was fortunate enough to make her acquaintance. Eleanor Roosevelt is an outspoken advocate of social justice. During the years she has taken over a lot of responsibility. For someone who spent thefirst third of her life as shy and timid, she showed great courageRead MoreEleanor Roosevelt And The New Deal2452 Words   |  10 Pageswere soon transformed when Franklin D. Roosevelt began his presidency. While in office, Franklin D. Roosevelt created a package of social programs known as the New Deal. The New Deal was developed to help raise the spirits of Americans, find a solution for unemployment, and assist those that were in need. Throughout Roosevelt’s presidency, his wife Eleanor Roosevelt played the role of being both his eyes and ears. This paper will focus on Eleanor Roosevelt and the role that she played with the NewRead MoreEleanor Roosevelt And His Life1948 Words   |  8 Pages Eleanor Roosevelt was born October 11, 1884 in New York City to father Elliot Roosevelt and mother Anna Rebecca Hall. Eleanor’s mother was a debutante who was disappointed in Eleanor’s looks. It is even reported that â€Å"she called her ‘granny’†(Ward,1). Her mothe r died when she was 8 leaving her to be raised by her father. Elliot Roosevelt suffered from alcoholism and a narcotic addiction. He was often not allowed to see her due to this condition and was committed to an asylum in France in 1890( biography

Tuesday, May 5, 2020

Risky Situations For Property Millionaires †MyAssignmenthelp.com

Question: Discuss about the Risky Situations For Property Millionaires. Answer: Introduction The best phase for any organization is related to its success, as it brings several opportunities for the organization and its employees. The employees feel that their future is safe, as the company profile expands and they start receiving revised remunerations. On the other hand, the company also started to expand its workforce and implement newer systems to maintain the new market reputation (Sadgrove 2016). However, such success generally brings several threats or risks related to it, which has the capability to shatter the companys structure and the market reputation. The new and young companies are unable to identify these risky situations and therefore the rate of such organization being affected to risks is more than the experienced organizations. The risk generally involved external and internal factors within which, internal risks hampers the organization adversely (Reason 2016). This assignment is going to discuss such risky situations for an investment seminar company Prop erty Millionaires, and different aspects of risk associated with it will be discussed. Further, the total calculated risk would be provided in the appendix section of the assignment with the help of risk assessment calculator. The case study A successful real estate developer George Kirzner developed the company Property Millionaire three years ago. The company used to provide detailed seminar and mentoring to people who wanted to invest in real estates. The company is a mid-scale sales firm having offices in Sydney, Melbourne, Brisbane and Adelaide. The risk for company started after the company becomes successful one year ago as the need of expansion marked the urge to employ more employees. The primary reason for this was lack of trained employee to handle the excessive pressure however, George influenced his employees to perform in this crucial and risky situation and deliver strong financial performance. Risk assessment of the company While complying with the states law and ethics, or performing financially, there is a number of risks that an organization faces. These risks are being identified, calculated and rated using risk assessment process. The tool for such process is known as risk assessment tool, using which any company can understand its ability to identify the risky situation and find ways to mitigate those risks (Harvard Business Review 1999). Risk assessment tool assesses internal pressure using three subsections that are pressure due to growth, culture and improper financial management. This calculator rates the risk on the scale of 5 where 5 denotes highly risky. Further, based on the cumulative score of the subsections, the tool provides a total point to the risks. The total score of 35 to 45 in the risk assessment tool determines that the company is at highly risky situation (Harvard Business Review 1999). Pressure point due to growth Pressure for performance In the Property Millionaire organization, the employees were at high pressure. CEO of the company pushed every employee to deliver strong financial performance, but the workforce was not capable to withstand such pressure, therefore they recruited employees having little to no experience in sales. On the other hand, the consultants used to set targets that were not achievable by those new employees (Hall and Wagner 2012). Therefore, in the risk assessment calculator, the pressure to perform factor deserves 5 point for the given situation of the company. Rate of expansion The Property Millionaire was a mid-sized organization, having its branches in the four main cities in Australia, until the sudden success it achieves in the market that increases its market reputation. Therefore, the pressure of expansion came along the success and the company was forced to employ and train new candidates having less or no experience in sales firm. Furthermore, the expansion process brings work related pressure as the consultants set up targets for the employees that were not achievable. Therefore, it is quite evident that the CEO of the company had utmost pressure to expand his organization, and therefore on risk assessment calculator, this risk deserves 5 point. Inexperience of key employees As the organization faced an unexpected growth in the market, the authorities had immense pressure to expand their market and therefore, they started employing candidates having no experience in this crucial field. This led them face a difficult situation, as they had to provide prior training to those key employees as inexperience of these key employees could have become the reason for customer dissatisfaction (Winston and Cahill 2012). Therefore, this experience lack created situation for communication gap between seniormanagement and the regional manager and therefore they were unable to survive pressure of expansion and perform. Hence, in the risk assessment calculator the company deserves 5 points for level of inexperience. Pressure point due to culture Rewarding entrepreneurial risk takers The higher authority that is thesenior management of the organization used to provide rewards and incentives to those consultants who were able to prepare more and more seminars regarding their real estate properties. They were able to perform depending upon the market pressure and therefore the system for entrepreneurial reward was working properly in the Property Millionaire organization (Di Zhang and Swanson 2013). Hence, in the risk assessment calculator this risk factor deserves 2 points. Executive resistance to bad news In the Property Millionaire organization, the senior management team used to prepare seminars on the real estate projects, which used to be presented to clients for further investment. However, in the competitive environment, the quality of the seminar used to be low and clients used to reject those projects. Despite of this, the senior management used to behave separately, despite being a team. This negative factor increased the frequency of failed seminars and therefore, resistance to bad news should be rated point 5 in the risk assessment calculator. Level of internal competition As the market of the company Property Millionaires was growing, the company hired consultants, who used to set targets for employees that needed extensive level of competition. The remuneration of these consultants were depending on the target achieved and the regional manager rated those employees depending on their target achieved and treated them with special treatment (Ford and Richardson 2013). Hence, the level of competition was very high in the organization and the level of it was ruthless. This is the reason it deserves point 4 in the risk assessment calculator. Pressure point due to informal management Transaction complexity and velocity As the company started growing extensively, the issue related to complex transactions and failure of it due to excess velocity of growth increases. The company suddenly started providing consultation to huge amount of clients, who saw the seminars that were prepared in pressure situation (Scott and Davis 2015). Therefore, they were not interested in the project and denied to pay or invest. This leads to transactional complexity and on the risk assessment tool it was rated 4. Gap in diagnostic performances In the given company situation, the gap exists in the senior management of the company and the regional managers. These authorities were not able to view the employees details and their performance and hence, were not able to take necessary steps to improve their shortcomings. Therefore, on the risk assessment calculator, this risk should be given 4 points. Degree of decentralized decision-making Decision-making is one of the crucial aspect of any organization. The employees did not had their own decision and had to work based on their higher authorities decision. Furthermore, the senior management, regional managers all were unaware of the employee performances and judged them based on the number of clients they faced (Ford and Richardson 2013). The senior management were not able to attract clients after their expansion, as they were not focused to the aspects in which they were experts. Therefore, this aspect should be marked as score 5 in the risk assessment calculator. Finally, after assessing all the risks in the risk assessment calculator that is the pressure to growth, culture and informal management, the cumulative score for the Property Millionaires Company becomes 39. This score falls in the range of highly risk zone in the risk assessment tool and according to it, the company should strengthen its risk management aspects and defense strategies to withstand the forthcoming risks. This can be achieved by implementing risk identification tools, and employing experienced individual in the high authority positions (Harvard Business Review 1999). The risk assessment calculator reading is attached in the appendix section of the assignment. Conclusion Success and risk goes hand in hand for any successful organization. Laid back attitude of employees, inexperience to detect risk and inability to withstand the excessive pressure coming with success can push any organization in highly risky situation. This assignment discussed about a company named Property Millionaires and discussed the situation of risk that came along sudden success. The risk faced by the company was related to culture, pressure of performance and informal management of company resources. These risks were calculated for the organization using risk assessment calculator and scores were allotted to its three sections and subsections on the scale of 5. Further, a cumulative result was obtained and according to the range of it, the risk for the company was calculated. References Di Zhang, D. and Swanson, L.A., 2013. Social entrepreneurship in nonprofit organizations: An empirical investigation of the synergy between social and business objectives. Journal of Nonprofit Public Sector Marketing, 25(1), pp.105-125. Ford, R.C. and Richardson, W.D., 2013. Ethical decision making: A review of the empirical literature. In Citation classics from the Journal of Business Ethics (pp. 19-44). Springer, Dordrecht. Hall, J. and Wagner, M., 2012. Integrating sustainability into firms' processes: performance effects and the moderating role of business models and innovation. Business Strategy and the Environment, 21(3), pp.183-196. Harvard Business Review 1999.How Risky Is Your Company?. [online] Harvard Business Review. Available at: https://hbr.org/1999/05/how-risky-is-your-company [Accessed 3 Feb, 2018]. Reason, J., 2016. Managing the risks of organizational accidents, 1st Edn, pp. 123-145, Routledge.https://books.google.co.in/books?hl=enlr=id=UVCFCwAAQBAJoi=fndpg=PP1dq=why+sucess+is+always+associated+with+rsks+for+organizationsots=3aYbRXyzKnsig=DQ3UmJ7XZbwjyTSVDDvVBnxQu6E#v=onepageq=why%20sucess%20is%20always%20associated%20with%20rsks%20for%20organizationsf=false Sadgrove, K., 2016. The complete guide to business risk management, 3rd Edn, pp. 245-267, Routledge. https://books.google.co.in/books?hl=enlr=id=jfiqCwAAQBAJoi=fndpg=PP1dq=what+are+the+risk+factors+for+a+grwig+companyots=HWFSAcFaKesig=gMkZn6QzYxAoCrsFfODaeGeRRf8#v=onepageqf=false Scott, W.R. and Davis, G.F., 2015.Organizations and organizing: Rational, natural and open systems perspectives, 1st Edn, pp. 123-156, Routledge. https://books.google.co.in/books?hl=enlr=id=aNRRCgAAQBAJoi=fndpg=PP1dq=pressure+point+due+to+informal+management+in+organizationots=nHAf0_yU-xsig=mWIoXZeLjIXl_vjxHNL5jI-pV0g#v=onepageqf=false Winston, W. and Cahill, D.J., 2012. Internal marketing: Your company's next stage of growth, 1st Edn, pp. 245-289, Routledge.https://books.google.co.in/books?hl=enlr=id=TcRwWkJN0JECoi=fndpg=PP2dq=pressure+faced+by+a+company+due+to+growthots=WHVCun-7U6sig=ZLiAFXplpVfrdU62VIzJ1pZQ9rg#v=onepageq=pressure%20faced%20by%20a%20company%20due%20to%20growthf=false