Innovative company Essay Example for Free

Innovative company Essay ?Innovative Engineering Company was founded by two partners: Meredith Gale and Shelley Yeaton, shortly after they graduated from engineering school. Within five years the partners had built a thriving business, primarily through the development of a product line of measuring instruments based on the laser principle. Success brought with it the need for new permanent capital. After careful calculation, the partners placed the amount of this need at $1. 2 million. This would replace a term loan that was about to mature and provide for plant expansion and related working capital. At first, they sought a wealthy investor, or group of investors, who would provide the $1. 2 million in return for an interest in the partnership. They soon discovered, however, that although some investors were interested in participating in new ventures, none of them was willing to participate as partner in an industrial company because of the risks to their personal fortunes that were inherent in such an arrangement. Gale and Yeaton therefore planned to incorporate the Innovative Engineering Company, in which they would own all the stock. After further investigation, they learned that Arbor Capital Corporation, a venture capital firm, might be interested in providing permanent financing. In thinking about what they might propose to Arbor, their first idea was that Arbor would be asked for $1. 2 million, of which $1. 1 million would be a long-term loan. For the other $100,000, Arbor would receive 10 percent of the Innovative common stock as a sweetener. If Arbor would pay $100,000 for 10 percent of the stock, this would mean that the 90 percent that would be owned by Gale and Yeaton would have a value of $900,000. Although this was considerably higher than Innovative’s net assets, they thought this amount was appropriate in view of the profitability of the product line they had successfully developed. A little calculation convinced them, however, that this idea (hereafter, proposal A) was too risky. The resulting ratio of debt to equity would be greater than 100 percent, which was considered unsound for an industrial company. Their next idea was to change the debt/ equity ratio by using preferred stock in lieu of most of the debt. Specifically, they thought of a package consisting of $200,00 debt, $900,000 preferred stock, and $100,000 common stock (proposal B). They learned, however, that Arbor Capital Corporation was not interested in accepting preferred stock, even at a dividend which exceeded the interest rate on debt. Thereupon, they approached Arbor with a proposal of $600,000 debt and $600,000 equity (proposal C). For the $600,000 equity, Arbor would receive 6/15 (i. e. , 40 percent) of the common stock. . . . Assignment 1. For each of the four proposals, calculate the return on common shareholders’ equity (net income after preferred dividends divided by common shareholders’ equity) that would be earned under each of the three income assumptions. Round calculations to the nearest $1,000 and 1/10 percent. 2. Calculate the pre-tax earnings and return on its $1. 2 million investment to Arbor Capital Corporation under each of the four proposals. Assume that Arbor receives a dividend equal to its portion of common stock ownership times Innovative’s net income after preferred dividends (if any); assume a â€Å"negative dividend† if Innovative has a net loss. 3. Were the partners correct in rejecting proposals A and B? 4. Comment on the likelihood that Innovative Engineering Company could find a more attractive financing proposal than proposal D. Answer : A. 1. 100k long term loan, 100k = 10% of Common Stock. B. 200k Debt, 900k Preferred Stock, 100k Common Stock. C. 600k Debt, 600k Equity, arbor will get 40% of the equity D. 300k debt, 900k equity, 50% Interest 8% Dividend 10%

Comparison of Supply Chain Management Practices Essays -- Wal-Mart and

This report provides a comparison of the supply chain management practices of Wal-Mart and Toyota. Comparison was done after researching, examining, and analysing each company’s supply chain management practices, in relation to each company’s values and philosophy. Comparison was done in five sections, by examining strategic alliances, procurement and outsourcing, challenges and risks, sustainable strategies, and efficient supply chains in relation to technology. Additional figures and references used can be found in the appendix and reference list. Comparison of the two supply chain management practices showed that despite being from different industries, with different company philosophies, Wal-Mart and Toyota both have similarities in their supply chain management practices. In particular, the two companies are similar in their responses to challenges and risks faced, as well as the incorporation of sustainable strategies in their supply chain practices, and their usage of technology to increase the efficiency of their supply chains. In conclusion, a number of recommendations are presented for each firm. Wal-Mart is advised to foster a more collaborative supplier relationship, especially with local entities in unfamiliar markets, as well as encouraging suppliers to build more sustainable operations through the research of efficient packaging designs. Recommendations for Toyota include revising contracts and risk management with Toyota’s current and future suppliers for stricter quality control along their supply chain, so as to ensure delivered materials are standardised. Moreover, Toyota could also enter new geographic markets though a strategic alliance with existing companies. By doing so, Toyota is able maintain thei... ..._philosophy/toyota_global_vision_2020.html. Toyota Global. (2013, September). Sustainability Report 2013. Retrieved from http://www.toyota-global.com/sustainability/report/sr/pdf/sustainability_report13_fe.pdf. Trudell, C., & Hagiwara, Y. (2014, April 10). Toyota Recalls More Than 6 Million Vehicles Worldwide. Bloomberg. Retrieved from http://www.bloomberg.com/news/2014-04-09/toyota-recalls-6-76-million-vehicles-worldwide-including-rav4.html. Useem, J., Schlosser, J., & Kim, H. (2003). One Nation Under Wal-Mart. Vitousek, P. M. (1994). Beyond global warming: ecology and global change. Ecology, 75(7), 1861-1876. Waller, M., Johnson, M. E., & Davis, T. (2001). Vendor-managed inventory in the retail supply chain. Journal of business logistics, 20, 183-204. Want, R. (2004). RFID: A key to automating everything. Scientific American,290(1), 56-65.

Everyones day starts in the morning Essay

Everyone’s day starts in the morning and ends in the evening or night. It is very important to know when a person usually wakes up, eats or sleeps at night because these all activities affect the person’s biological clock. If a person is not following his/her daily routine, it can put the person in trouble. For example, if a baby is not sleeping when he/she is supposed to, she can have really badly next day. Not following a daily schedule can disrupt the sensations of your brain. There are two significant differences between working in the morning and in the evening, such as, changes of mood and behavior and changes in diet. The first difference of working in the morning and evening is the changes in person’s mood and behavior. Unlike evening workers, morning workers are more energetic and fresh-minded. Morning workers work more efficiently than evening workers because they have gotten enough sleep at night, so their body has recharged for the next morning. Moreover, working at sunrise helps the humans’ body to be productive. However, evening workers sometimes become lazy to do their job properly. Sometimes, they can’t focus on what they are doing because of irregular sleeping hours. Moreover, not having regular hours of sleep can cause a person to become depressed and mentally unstable. The second difference is the changes in person’s diet. Unlike the evening workers, morning workers usually have their breakfast before they start working. Then, they usually get hungry at noon because they have already burned the energy which they gathered from breakfast. So, that’s how their diets are regular. On the contrary, evening workers have time just to do their lunch. For instance, if a person is working from 7 pm to 6 am, he/she will sleep right after his/her working shift. Then, after waking up at noon, they get hungry and eat lunch. So, that’s how not having a breakfast or dinner will disrupt their diet. Disrupting a workers’ diet can cause them many unintended consequences. In conclusion, it is really difficult to change a person’s biological clock. There are many negative results of working in the evening. In addition, irregular working schedule make the day-to-day activities tougher to complete. A person can’t get enough time to do his/her day-to-day  activities. However, morning workers have the best productivity to do their job. Getting enough sleep at night and working at sunrise are two factors that give energy to morning workers. Changes in a person’s mood and behavior and changes in a person’s diet are two major differences of working in the morning and evening.

How to Make Glowing Bubbles

Bubbles are already awesome, but glowing bubbles are even better. It is easy and safe to make bubbles glow, plus it doesnt require any hard-to-find materials. Here is what you do. Materials Bubble solutionGlow in the dark solution (can use washable glow paint or can make glow solution)Bubble wand Make Glowing Bubbles Mix bubble solution with ​​the  glow solution.The only trick is making sure you have enough bubble solution to make strong bubbles and enough glowing solution to get a good glow. Try a 50:50 mix to start. You can add more glow liquid or more bubble solution, depending on your results. How to Make Glow Solution If you use washable glowing paint and add that to the bubble solution, your bubbles will glow in the dark after the solution has been exposed to bright light. Sometimes it can be difficult to find washable glowing paint, so you may wish to make glowing water using a highlighter pen. This solution mixes about 50:50 with bubble solution to make glowing bubbles. The color of the glow depends on the highlighter that you use. Highlighter pens fluoresce, which means you will need to shine a black light on the bubbles to get them to glow. Check your pen with a black light before you cut it open. Yellow almost always glows. Green and orange are good too, but a lot of blue and red pens dont glow. Here is how you make the glow solution: Use a knife to (carefully) cut a highlighter pen in half. Its a pretty simple steak knife and cutting board procedure.Pull out the ink-soaked felt that is inside the pen.Soak the felt in a small quantity of water.  Use the dyed water to make bubble solution or for other glowing projects. Safety and Clean-Up The glowing bubble solution is very safe, providing you used either non-toxic washing glow paint or a non-toxic highlighter pen. If you blow the bubbles outdoors you dont have to wash glowing liquid off of walls or furniture. Bubble solution is already pretty soapy, so clean up any spills with lots of water. One nice thing about cleaning up glowing bubble solution is you can see the spots made by the bubble solution very easily.

A Relationship Between Diversity And Performance Essay

Introduction Diversity can have its negatives and positives in a workforce. There are some organizations that embrace diversity, however there are others that consider it an issue. Richard Allen, Gail Dawson, Kathleen Wheatley, and Charles White (2008) used this study to find a relationship between diversity and performance in an organizational setting. The authors investigated and researched if there was a relationship between diversity and performance. The purpose was clearly stated in the introduction because it defined the problem and explained the different approaches it used. One approach to explaining the divergence in the effect diversity has on performance has been to examine factors that may moderate the diversity-performance relationship (Allen, Dawson, Wheatley, and White, 2008; Richard et al, 2003; Kochan et al, 2003; Richard, 1999). Richard and Johnson (2001, in Allen et al, 2008) explain a second approach was to focus on the organization?s orientation toward diversity rather than simply measuring the level of diversity within an organization. The authors took a third approach to understand the divergence by focusing on the perception of diversity within an organization (Allen et al, 2008). There were three hypotheses for this study to find a connection between diversity and performance. The three hypotheses are detailed below: H1 Perceived diversity at the senior management level will be positively related to perceived firm performance. H2 PerceivedShow MoreRelatedCultural Diversity And Team Performance Essay1330 Words   |  6 Pages‘Cultural diversity and team performance: The role of team member goal orientation’ by (Pieterse, Van Knippenberg Van Dierendonck,2013) is to investigate the members goal orientation in the relationship between performance and cultural diversity. The contribution of Pieterse, Van Knippenberg Van Dierendonck (2013) is that they have developed and test the theory under the CEM model on how achievement setting stimulates the team member goal orientations that affect performance relationship. PieterseRead MoreAnalysis Of Soni And David Pitts On Diversity And Work Performance1379 Words   |  6 Pageson the topics of diversity and work performance. I will discuss a brief review of Soni’s theoretical model of receptivity to diversity and summarize her findings. Secondly, I will examine the relationship between diversity and work related outcomes presented by David Pi tts. Thirdly, I will consider the assumptions of diversity and work performance and lastly, address the theories and recap the conclusions. 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Apart from this, I look at the reference lists of some leading scholars’ r esearch, such as Cox’s interactional model of the cultural diversity and McKay’s diversity climate studies, in order to obtain more relevant materials. The phase of gathering the appropriate data for the suitable topic has been through several steps and methods. Firstly, my initial topic of the study is the analysis of howRead MoreThe Value Of Ethical Conduct And Managing Diversity Essay1482 Words   |  6 PagesGlobal Issue: The Value of Ethical Conduct and Managing Diversity Review of Subject This essay explores what Organizational Behavior (OB) is and the value of ethical conduct, and discusses the methods of managing diversity taking into consideration socializing and organization culture. OB is a study of the people in organization, about how they work, and how they produce results. Organizational ethical conducts are those morally accepted by the employees, the customers, and the public. It couldRead MoreThe Evolution Of Workplace Diversity1115 Words   |  5 PagesAccording to (â€Å"The evolution of workplace diversity† 5) in 1987, Secretary of Labor, William Brock commissioned a study of economic and demographic trends by the Hudson Institute. This study became the landmark book Workforce 2000 – Work and Workers in the Twenty First Century (â€Å"Workforce 2000†). Workforce 2000 highlighted five demographic factors that would impact the U.S. labor market, and with it, the motivation for diversity initiatives in the workplace: 1. The p opulation and the workforceRead MoreThe Attribution Theory And Development Of Competence And Realization Of Potential Essay1517 Words   |  7 Pages(Ibid., p. 150). â€Å"In both instances, employees may believe that such reciprocal actions maximize their pay over the life of the relationship.† (Ibid., Fisher, 2015, p. 148) There is a wide spectrum of efforts that are designated by employees for certain targets implemented by the managers. One conclusion developed in the case was that there was a positive relationship between employees perceiving that meeting the delegated target level would better their future position in their workplace. The studyRead MoreChoosing An Innovation Team s Size And Level Of Diversity1299 Words   |  6 Pagesteam’s size and level of diversity†. Veereswara Rao Gandikota IT-515-G2165 Innovation in Information Technology 01/15/2015 Ms Donna Rosentrater In the recent past, there has been a tremendous research that has been conducted to study the unexplained relationship that exists between team diversity and team outcomes. On the other hand the effect of team diversity on the outcomes of the team and the important characteristics which impact this relationship are still unanswered. ThereRead MoreDiversity Management Has Increased Improve Competitiveness Within The Business World1146 Words   |  5 PagesDiversity management has increased to improve competitiveness within the business world. Diversity shows employees that they are valued for their differences and are accepted for who they are. In the USA, effective diversity management is a critical factor for companies to be successful. In Asia however there has been less focus given towards diversity and the greatest difference is how they approach diversity based on their culture. In Korea, by example, gender is considered an important diversity

Buddhism And The Human Condition - 1289 Words

In looking at the human condition, one cannot deny the immutable presence of suffering as a central tenet of life. Nobody, not even the Buddha, walks through life without experiencing pain, anguish, and suffering. However, one cannot experience suffering without also knowing its opposite of love, joy, and happiness. Buddhist terminology refers to these emotional states as dukkha and sukha. Importantly, however, these emotional conditions are impermanent and deeply related to one another. Dukkha comes from the fruitless but eternal human plight of grasping at an ephemeral sense of happiness. Too many live without acknowledging that their endeavors of maintaining a static feeling of bliss, or sukha, is both unrealistic and futile. While some would criticize this life philosophy as deeply pessimistic, the reality is that the Buddha’s observations are an insightful and irrefutable fact of life. The human race’s continuous inability to grasp the concept of life as suffering has led to the erroneous and often western misconception that Buddhism is an inherently cynical religion. This ethnocentric line of criticism, however, ignores the rewarding and deeply spiritual facets of Buddhism that attempt to enrich one’s life by mitigating dukkha. The Buddha’s Four Noble Truths reflects this understanding, and serves to remind adherents that life is suffering and that it arises from the existential plight of impermanence. In this vein, life is dukkha but there are ways to alleviate theShow MoreRelatedTheravada Buddhism And The Human Condition Essay2258 Words   |  10 PagesTheravada Buddhism is known to be the â€Å"a representative school of the earliest of the branches of Buddhism†, as it is also known as â€Å"Hinayana or the small vehicle† (Young). 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Also, Mahayana Buddhism requires a body of scripture, and so began the Mahayana Canon (Voorst ). Mahayana Sutras is one of section of the Mahayana Canon, which focuses on the denial of the reality of existence and nonexistenceRead MoreBuddhism : The True Reality Of Reality And The Achievement Of Enlightenment1478 Words   |  6 PagesAlthough Buddhism schools vary on the exact way to enlightenment, each one fits the same explanation as using a path of practice that leads to insight into the true nature of reality and the achievement of enlightenment. According to Vasubandhu’s Twenty Verses on Consciousness Only (n.d.), we have to distinguish between the reality that we construct by our ordinary consciousness, such as our imagination and reality as it is in itself, in its suchness. Buddhism wants us to see things as they reall yRead MoreWhat Is Buddhism?1046 Words   |  5 PagesWhat is Buddhism? Buddhism is a path of teaching and practice. Buddhist practices such as meditation are means of changing oneself in order to develop the qualities of awareness, kindness, and wisdom. The experience developed within the Buddhist tradition over thousands of years has created an incomparable resource for all those who wish to follow the path of spiritual development. Ultimately, the Buddhist path culminates in Enlightenment or Buddhahood. Who was the Buddha? The word BuddhaRead MoreThe Concept Of Hinduism And Buddhism1513 Words   |  7 PagesAND BUDDHISM Hinduism is often called one of the oldest living religions or oldest living major traditions amongst other religions still being practiced currently, this is due to the fact that certain elements within Hinduism stretches back for thousands of years. Hinduism is often referred to as â€Å"Sanatana Dharma†, a Sanskrit phrase meaning â€Å"the eternal law†. Also, it does not have a single definition mostly because it holds a vast array of beliefs and also because it can be linked to Buddhism, JainismRead More What Is Buddhism? Essay1046 Words   |  5 Pages What is Buddhism? nbsp;nbsp;nbsp;nbsp;nbsp;Buddhism is a path of teaching and practice. Buddhist practices such as meditation are means of changing oneself in order to develop the qualities of awareness, kindness, and wisdom. The experience developed within the Buddhist tradition over thousands of years has created an incomparable resource for all those who wish to follow the path of spiritual development. Ultimately, the Buddhist path culminates in Enlightenment or Buddhahood. Who was theRead MoreAll A False Hood, And Farther From Reality1496 Words   |  6 Pagesit mean to be human?† the answer would generally vary from person to person. However, as humans there are certain characteristics unique to us, that separate humans from other species as well as nonliving things. These characteristics regard to the human condition, the meaning of humanity. Despite the variability in such response from person to person, there are characteristics of the human condition that are common to humans as a whole. In great exposure to humanity and its condition, one must notRead MoreBuddhism : The Philosophy And Religion1426 Words   |  6 PagesBuddhism originated 2,500 years ago in India and today – is the prevailing world religion in the East. There are more than 360 million followers of Buddhism, including one million American followers. Buddhism has branched into a diverse selection of forms throughout its long history, however, all methods of Buddhism s hare an admiration for the teachings of Buddha with the ultimate focus on ending suffering (Religionfacts.com, 2015). In the 6th century BC, Siddhartha or Gautama Buddha was born in

Sociology Ethnicity and Crime Free Essays

Using material from Item B and elsewhere, assess explanations for apparent ethnic differences in involvement in crime (21 Marks) According to official statistics, ethnic minorities are largely linked to crime and their involvement if often over exaggerated. Item B shows that black people make up 11% of the prison population, despite the fact they make up just 2. 8% of the population. We will write a custom essay sample on Sociology: Ethnicity and Crime or any similar topic only for you Order Now Whilst, Asians make up 4. 7% of the population yet 6% of the prison population. These statistics emphasise that ethnic minorities are over-represented in the criminal justice system, and so the use of alternate sources of statistics may help show a more accurate picture. Victim surveys ask individuals what crimes they have been victims of and help identify the correlation between ethnicity and offending. They tend to show a great deal of intra- ethnic crime but also include several limitations as they rely on victims memory of events which could result in over- identifying certain ethnic groups as the offender. Whereas, self- report studies ask individuals to disclose their own dishonest and violent behaviour. The findings of self- report studies challenge the stereotypes of black people as being more likely than whites to offend. However, self-report studies also have their own limitations as inconsistency is shown through the evidence of ethnicity and offending. There are ethnic differences at each stage of the criminal justice process. Policing is often seen to be oppressive, as members of ethnic minorities are more likely to be stopped and searched with Asians being twice more likely than blacks to be stopped by the police. Feature Article –  Sociology Test These allegations have meant ethnic minorities have limited faith in the police and therefore feel under protected. Police racism is one of the many causes behind stop and searches with the MacPherson report identifying institutional racism within the police force. These types of racist behaviour and stereotypes are endorsed and upheld by the â€Å"canteen culture† of rank and file officers and lead to deliberate targeting of stop and searches. In 2007, just over a quarter of the male prison population were from minority ethnic groups. As such, blacks were five times more likely to be in prison than whites while blacks and Asian offenders are more likely than whites to serve longer prison sentences. This is because ethnic minorities are less likely to be granted bail while awaiting trial. The official statistics on the criminal justice process shows striking differences between ethnic groups, and these patterns have been examined by left realists and neo- Marxists. Left realists, Lea and Young focus on the statistics which represent real differences in rates of offending by different ethnic groups. They argue that crime is the product of relative deprivation, subculture and marginalisation whereby racism has led to the marginalisation and economic exclusion of ethnic minorities, who face a higher level of poverty and unemployment etc. In contribution to this, the media’s emphasis on consumerism promotes relative deprivation amongst ethnic groups, who are unable to attain these materialistic goods by legitimate means. This results into the formation of delinquent subcultures, most notable amongst unemployed black males. Utilitarian crimes are most likely to come of this, such as theft and robbery as a means of coping with relative deprivation. As these groups are likely to be marginalised, it means they are also likely to express their frustrations through non-utilitarian crime such as violence or rioting- this explains the involvement with crime by ethnic groups. Lea and Young acknowledge that the police may act in unjust ways but they don’t believe that discriminatory policing fully explains the differences in the statistics. Evidence to support this is that 90% of crime is reported to the police by the public rather than discovered by the police themselves. Lea and Young conclude their argument that the statistics represent real differences in levels of offending between ethnic groups, and that these are caused by real differences in levels of relative deprivation and marginalisation. Despite this, Lea and Young are criticised on several grounds that arrest rates for Asians may be lower than that of Blacks yet this isn’t because they are less likely to offend but because police stereotype the two differently. On the other hand, neo- Marxism tends to view statistics as a social construct resulting from racist labelling and discrimination in the criminal justice system. Item B brings to light Gilroy’s argument over the myth of black criminality that â€Å"black criminality is a myth created by racist stereotypes of African Caribbean’s. In reality, this group is no more criminal than any other. However, as a result of the police and criminal justice system acting on these racist stereotypes, ethnic minorities come to be criminalized and therefore appear in greater numbers in the official statistics†. The item helps us understand the extent of stereotypes and its effects on ethnic groups, yet Gilroy furthers his argument by identifying working class crime is a political act of resistance to capitalism and a racist society. Lea and Young refute Gilroy’s argument, by suggesting that most crime is intra- ethnic, so it can’t be seen as an anti-colonial struggle against racism. Lea and Young also criticise Gilroy for romanticizing street crime as somehow revolutionary, when it’s nothing of the sort. Moreover, Stuart Hall et al also adopts a neo- Marxist perspective and found that the 1970’s saw a moral panic over black â€Å"muggers† that served the interests of capitalism. As unemployment and strikes were increasing, the ruling class needed to use force to maintain social control. In their view, the emergence of the black mugger and the capitalist crisis was no coincidence, as the black mugger was used a scapegoat to distract attention from true causes of problems such as unemployment. By presenting black youth as a threat to society, the moral panic began dividing the working class on racial grounds. However, Hall et al doesn’t argue that black crime was solely a product of media and police labelling. The crisis of capitalism was increasingly marginalising black youth through unemployment which resulted them into committing petty crime as a means of survival. Hall et al’s study of policing the crisis was criticised for not presenting how the capitalist crisis led to a moral panic, nor do they provide evidence that the public were blaming crime on blacks. During recent years, the focus of ethnicity and crime has largely been on the over representation of black people in the criminal justice system. However, more recently there has been shift in other issues such as the racist victimisation of ethnic minorities. Racist victimisation was brought into greater public focus with the racist murder of Stephen Lawrence and the police handling of the case, where most information is brought to life by victim surveys such as the British Crime Survey. The British Crime Survey found that most crimes go unreported and found that the risk of being a victim varies by ethnic group, whereby statistics showed that people from mixed ethnic backgrounds had a higher risk (36%) of becoming a victim of rime than blacks, Asians and whites faced. While the statistics recorded the instances of victimisation, they do not necessarily capture the victims’ experience of it. Sampson and Phillips note, racist victimisation tends to be on going over time, with repeated minor instances of abuse and harassment interwoven with incidents of physical violence. This has led minority ethnic communities becoming more active in responding to victimisation, with situational crime prevention measures to organised self- defence campaigns taking place. Such responses need to be understood in the context of accusations of under- protection by the police, who fail to record or investigate reported incidents properly. The Macpherson enquiry into the Stephen Lawrence case concluded that the police investigation into death of the black teenager was â€Å"marred by a combination of professional incompetence, institutional racism and a failure of leadership by senior officers†. Ultimately, we have learnt the differences in ethnicity and crime but have established ethnic minorities also becoming subjected to victimisation. How to cite Sociology: Ethnicity and Crime, Essay examples