Stock Exchange of Thailand

Chapter by chapter guide | History of SET| 1| Establishment of SET| 1| Vision and Mission| 1| Regulatory Framework of the Capital Market| 2| Operations| 3| Board of Governors| 3| Management| 4| SET’s Role| 5| Corporate Governance Center| 6| Products and Services| 6| Revenue Structure| 12| Financial Events that Affect SET| 12| SET and the World Stock Exchange| 15| SET and Asian Stock Exchanges| 16| Comparison of SET, SGX and NYSE| 17| Index Composition Comparison among SGX and SET| 18| Stock Index Comparison| 18| Future move of SETConclusion| 2022| Stock Exchange of Thailand History of the Stock Exchange of ThailandThe current Thai Capital Market was begun in 1961 when Thailand actualized its initial five-year National Economic and Social Development Plan. It underpins the advancement of monetary development and dependability just as builds up the Kingdom's way of life. From that point onward, the Second National Economic and Social Development Plan (1967-1971) proposed to set up a precise protections advertise so as to accumulate extra funding to help Thailand's industrialization and financial turn of events. The advanced Thai capital market can be isolated into two stages, â€Å"The Bangkok Stock Exchange† which was exclusive and â€Å"The Securities Exchange of Thailand†.The BSE at long last stopped tasks in the mid 1970s as a result of an absence of authentic government support and a constrained financial specialist comprehension of the value advertise Establishment of the Stock Exchange of Thailand Despite the disappointment of the BSE, the idea of an efficient security showcase had pulled in a great deal of Thai individuals consideration. In 1969, as suggested by the World Bank, the administration gained the administrations of Professor Sidney M. Robbins from Columbia University to examine the improvement channels of the Thai capital market.In 1972 the Government made a further stride toward this path by improving the â€Å"Announceme nt of the Executive Council No. 58 on the Control of Commercial Undertakings Affecting Public Safety and Welfare†. The progressions were permitted Government to control progressively over the tasks of account and protections organizations. From that point onward, in 1974, â€Å"The Securities Exchange of Thailand† (SET) was sanctioned permitting the speculation to spare in the capital market. By 1975, the essential authoritative system was set up and the Securities Exchange of Thailand authoritatively began trading.On January 1, 1991 its name was officially changed to â€Å"The Stock Exchange of Thailand† (SET). Vision Empowering business and speculators through our qualities to coordinate the privilege monetary open doors Mission Clients and Intermediaries â€Å"Expand business guarantors and speculator base by fulfilling their budgetary needs and reinforcing middle people for shared development and success† Products and Services â€Å"Offer a wide scope of alluring items and administrations to make worth and match budgetary open doors across various portions of business and investors† Operations Operate with impeccable execution as per universal measures to guarantee productivity, adequacy, adaptability and worldwide connectivity† People and Culture â€Å"Inspire staff to perform up to their fullest potential and make a corporate culture that targets accomplishing greatness in coordinating the privilege monetary open doors for business and investors† Regulatory Framework of the Capital Market The Securities and Exchange Act of 1992 (SEA), indicated the Securities and Exchange Commission (SEC) as the controller of the Thai Capital Market.While the SEC manages the improvement of the Kingdom's capital market, the Bank of Thailand (BOT) is liable for the nation's currency advertise. Essential Market The SEC investigated an organization that needs to give new protections, a first sale of stock (IPO) or extra protecti ons to people in general. The organization should initially apply for SEC endorsement and conform to its documenting prerequisites. At that point, the SEC is required to survey the budgetary status and tasks of the organization previously permitting the firm to give protections to the general population. Optional MarketSecurities might be exchanged the auxiliary market once the backer has applied for and been endorsement by the SET. Activities The Stock Exchange of Thailand is a juristic element that was set up under the Securities Exchange of Thailand Act, B. E. 2517 (1974). Activities began on April 30, 1975. Its primary tasks incorporate protections posting, management of recorded organizations and data divulgence, exchanging, showcase observation and part oversight, data spread and financial specialist training. In addition, its obligation is to advance sparing and long haul money related making arrangements for building up the economy.SET is an inside for exchanging of recorded protections without dispersing any benefit to individuals. Leading body of governors Regulatory Framework The SET Board of Governors is included a limit of eleven individuals, five of whom are selected by the SEC, and five who are chosen by SET individuals. The SET President, delegated by the Board, is an ex-officio individual from the Board. The Board is additionally answerable for planning the SET approaches. The board The authoritative diagram of SET can be characterized into two significant parts which are Exchange Function and CMDF Function.Each function’s hierarchical structure can be seen beneath. | SET's Role The Stock Exchange of Thailand has been consistently improved the administration arrangement of recorded Thai organizations to have great administration. SET was begun to concentrate about the rolesâ of review board in 1995 preceding the budgetary emergency. From that point forward, it gave a posting necessity showing that every single recorded organization hav e a review council in mid 1998. In that year, the SET likewise gave a rule in particular â€Å"Code of Best Practices for Directors of Listed Companies† to be a society job of review committee.Two years after the fact, the Good Corporate Governance Committee, comprising of agents from an assortment of expert associations, spread a report on corporate administration which set a structure to be utilized by associations in the Thai capital market for growing great corporate administration frameworks and practices. The Thai government assigned the â€Å"Compass for Good Corporate Governance† and set up the National Corporate Governance Committee (NCGC). Around the same time, SET additionally proposed fifteen standards of good corporate administration for recorded organizations to implement.The recorded organizations need to apply the fifteen standards and are required to show in their yearly enlistment explanation (Form 56-1) and yearly reports beginning from the bookkeepi ng time frame finishing December 31, 2002. In July 2002, the SET has built up the Corporate Governance Center to help recorded organizations build up their corporate administration framework. The Center gives counseling administrations to and trades thoughts regarding corporate administration rehearses with chiefs and administrators of recorded organizations, just as those of firms planning to be recorded companies.Corporate Governance Center Background The SET has built up the Corporate Governance Center to help recorded organizations. It urges the organization to have great corporate administration and partners incorporate investors, providers, clients, loan bosses, representatives, and the network and so forth. Corporate Governance Center forms to have certainty interest in Thai capital market which bolster the information about corporate administration including the growing great corporate administration framework and practices. . The Center of counseling administration Giving e xhorts and trade thought regarding corporate administration rehearses with chiefs and administrators of recorded organizations just as those of firms getting ready to be recorded organizations. 2. Corporate Governance Self Assessment Evaluation was trailed by the standard of posting organization 3. Delivering and spreading an assortment of data and materials as rules. 4. Holding exercises to help teach recorded organizations' chiefs and administrators. Items and ServicesOne of the SET’s missions is to â€Å"Offer a wide scope of appealing items and administrations to make worth and match money related open doors across various fragments of business and financial specialists. † SET has consistently grown new items and benefits and improved the framework to fulfill requirements of the financial specialists. SET gathering administers exchanging exercises and market members to guarantee that the market is reasonable, systematic, and straightforward. The items and administr ations of SET are as following. Item The items that SET offers can be characterized into 5 significant classifications; values, securities, subordinates, trade exchanged reserve (ETF), and subsidiary warrants.The more subtleties of each sort are examined as following. 1. Values Equity exchanging is the exchanging of protections given by open organizations where investors have an immediate stake in the organization just as the option to cast a ballot in shareholders’ gatherings. The optional markets for values exchanging are The Stock Exchange of Thailand (SET) and Market for Alternative Investment (MAI). Sorts of values are normal offers, favored offer, warrants, unit trusts, non-casting a ballot safe receipt, and safe receipt (DR). SET and MAI are diverse as far as the sorts of values traded.On SET, financial specialists can exchange a wide range of values, though on MAI favored offers and store receipt (DR) are not exchanged. Market for Alternative Investment or MAI was set up in June 1999 so as to energize the littler firms with possible high development and advancement. MAI fills in as another raising money hotspot for such firms and new elective speculations for financial specialists who are intrigued. The vision of MAI is â€Å"We endeavor to be the privilege and effective trade making an incentive for high potential, imaginative and adventures organizations in ASEAN. † The guiding principle of MAI are to be center, responsible, organizing, passionate, and inventive. . Bonds After a bond is given an

Prewriting Assignment Essay Example for Free

Prewriting Assignment Essay Times I Saw an Adult Cry I. I was extremely youthful when I previously observed a grown-up cry.â I didn't really observe a grown-up cry face to face; I saw it on television.â Nonetheless, it was the first occasion when I have seen a grown-up shed tears.â That night, I was at home with the sitter when my mom left to run some errands.â I recollect that the sitter tucked me to my bed early and I promptly fell asleep.â After some time, I was stirred by the hints of individuals talking.  It was fairly uproarious, and I could hear the voices of a man and a lady in discussion. To straighten something up, I got up and opened the room door.â right away, I imagined that perhaps the sitter had some organization. So I deliberately strolled down the stairs to the lair, where the sitter ordinarily stays.â I took a look and discovered her alone.â The sounds I heard originated from the TV; she was just viewing a movie.â I recall that it was an old film, as it was in dark and white.â amazingly, the lady in the film started to cry.â I was astonished in light of the fact that I have never observed the grown-ups in my home cry.â I thought crying were just for infants and youthful children.â After that, I discovered that grown-ups can likewise cry. II. At the point when I was more youthful, my family and I were on an excursion. The outing was commonly smooth, until my dad chose to take a short cut.â He was driving the vehicle, and he went left to a thin soil road.â It end up being an off-base choice; the street prompted a graveyard, where an entombment was taking place.â The width of the street made it hard to go through, yet the left vehicles on the two roadsides made it increasingly tricky. The traffic made my dad drive gradually, permitting me to witness the burial.â I saw the entirety of the grievers; every one of them were wearing black.â However, a man caught everyone's eye out of his sheer size. As a youngster, I was frightened of uncovered, stocky men.â They all appeared to be scaring to me. The man in the graveyard was tall, stocky and bald.â Because he seemed threatening, I didn't anticipate that him should cry in the entombment. I was not used to seeing men cry, particularly those of his size.â I was anticipating that him should be essentially genuine yet not emotional.â Besides, it was said that men don't cry.â As we drove past the graveyard, I got a brief look at him pulling out a tissue and cleaning his eyes.â He was in reality crying.â I thought about that possibly the despondency over the departure of a friend or family member may have been an excessive amount to tolerate, that it incited an apparently scary man to cry. III. Our nearby neighbor was a lady with two children.â The lady had light complexion and dim wavy hair. She was amazingly slight and was infrequently observed at home.â My mom said that she maintained two sources of income so she could pay the lease and feed her youngsters. I generally enjoyed her in light of the fact that at whatever point she was near, she would grin at me and her eyes would appear to grin as well. She had those unmistakable grinning eyes.â One day, my mom and I left the house as we were hearing uproarious clamors from her home. We saw this tall man coming out of her home, hauling the kids with him. She was shouting while at the same time taking hold of the man’s arm. She attempted to stop him, yet her little casing was no match to the man’s body. The youngsters were yelling for their mom as the man hauled them into the vehicle. The man promptly jumped in the driver’s seat, shut the entryway, and drove away.â The lady just remained there in the road, her eyes despite everything fixed on the vehicle that just vanished. A moment later, she bowed her head and secured her face with her hands. At that point she started to cry.â Her cries got stronger, and soon the entirety of our neighbors were at that point watching her.  I later discovered that the man was her previous spouse and her children’s father. She endeavored to deal with her kids, just for them to be detracted from her.â I never observed her grinning eyes again.â She before long moved out. I trust it was after that occurrence when I genuinely started to have regard for single parents who endeavor to deal with their children. IV. I am accustomed to seeing engagement propositions on television.â I have seen programs wherein the men would go down on one knee and the lady would then heave in stun, spread their mouths with their hands and become still for a couple of moments. A short time later, they would get crazy in happiness. Previously, I felt that such minutes were too emotional.â My feeling changed when I saw a proposition to be engaged firsthand.â I was in a café with a companion when a couple entered. They appeared as though the normal couple; nothing appeared to be remarkable about both of them. The lady sat down, while the man went to the counter to order.â I didn't give them much consideration a while later. It was not until a lot later when I understood they were hard of hearing quiet, when I saw that they were utilizing gesture based communication. I didn't anticipate that a proposition should happen, not in an espresso shop.â So when I saw the man go down on one knee, I was taken aback.â My companion and I observed intently, alongside different clients, as the lady gestured and embraced his future husband.â As the individuals in the shop cheered, tears were gushing down her face. In contrast to other ladies, she didn't overreact.â She was simply cheerful, and her tears indicated it.â I surmise genuine affection makes individuals upbeat, and the joy doesn't need to be garish to be communicated. V. Once, I got the opportunity to watch The Oprah Winfrey Show.â I can recollect that the scene highlighted a moderately aged African-American lady who dealt with numerous children.â I can't remember whether she was hitched, yet I realize she had three children.â When the woman’s kin passed on, she assumed the liability of raising them as well.â She and the youngsters needed to pack themselves in a little three-room house.â She maintained a few sources of income to help these children, a large portion of which are not even her own.â The issue was that the house was not hers and on the off chance that she didn't pay a specific sum inside the predefined time, they would be expelled. The lady and the youngsters were welcome to the show where they were to get blessings from Oprah. They were given things they required; they got new beds, kitchen machines, and even a van.â However, the greatest astonishment of everything was when Oprah reported that they would search for another home. The lady embraced Oprah tight, and cleaned the tears running down her face.â I realized the lady was glad as a result of all the material things she got. Above all, I realize those tears were of gratitude.â It was not the material things as such that she was appreciative for; she was grateful for the assistance that those things could offer her and the children.â I realized she merited those things for all her commitment and difficult work. In any case, she was appreciative.

Strategic Brand Communication Essay Example | Topics and Well Written Essays - 3000 words

Vital Brand Communication - Essay Example Building brand value requires correspondence viability. In the event that the brand value is high, buyers might be eager to process these correspondences all the more well (Keller, 2009). In any case, today organizations have advanced from these phases of brand the executives and according to Goodyear’s model numerous associations have developed and arrived at the phase where brand is seen as an arrangement (McEnally and De Chernatony, 1999). Brand correspondence has advanced from helping shoppers sort out their insight about items and administrations dependent on the psychological structures empowering them to explain their dynamic. Brand correspondence should likewise be aimed at workers as they are a significant piece of ‘performing the brand’. The Body Shop is one such organization where its workers live the brand. Marking is the way to recognize merchandise of one maker from another. Alluding to a brand implies the item or administration has made certain meas ure of mindfulness, unmistakable quality and notoriety in the commercial center (Keller, Parameswaran and Jacob, 2008, p1). Creating workers to take an interest in the brand and live the brand is known as interior marking. Buyers can frame brand relationship in an assortment of ways †other than showcasing exercises. ... At the end of the day, representatives impart the brand through their exercises. Correspondence coordinated at representatives has a few measurements. To start with, representatives must comprehend what they are required to extend. This suggests representatives must get messages that are reliable, visit and in arrangement with the authoritative strategic, and guiding principle. Employees’ comprehension and information on the ideal brand is important to encourage brand correspondence. Workers must have the ability to disguise the ideal brand picture and afterward reflect it to other people. This recommends the association or the pioneer should initially exhibit the qualities. Anita Roddick’s worry for nature shows itself in the arrangement of The Body Shop (Argenti and Druckenmiller, 2004). The leader’s own character can help shape the character of their company’s image. This is clear from the way that the pioneer made the brand picture without taking part in traditional promoting. The Body Shop made a brand picture without going in for customary promoting (Keller, Parameswaran and Jacob, 2008, p57). It emphatically connected with individual consideration and ecological worries as it utilized just common fixings and never tried on creatures. They imparted this message through publicizing which helped assemble the brand picture of a moral organization. Their natural concerns are likewise imparted through bundling which is basic, refillable and recyclable. Staff at The Body Shop is constantly urged to be excited and instructive about ecological issues. Their sourcing approach likewise conveyed their image picture †they utilize nearby little makers from around the globe. They take part in social activity program which

Essay Sample Columbia

Essay Sample ColumbiaCollege essay samples Columbia is a well-known institution that offers students of the Columbia University, Columbia College, and the Music School a number of courses at their home ground. In these courses, students have the chance to choose from over 1500 subjects that they can write about. Students are not required to read books or manuscripts on these subjects in their school books; instead, they are encouraged to spend time doing research about these subjects.Many Columbia students choose to choose essay samples Columbia as a means of writing their school essays. They use these essays as their textbooks to study.It is important for students to understand that there are some limitations on what they are allowed to write about in their essays. The only subjects that are allowed in the essays are the subjects that were covered in the writing course that they took. Other subjects may be considered, however, for essays submitted to their classes.There are three ty pes of essay samples Columbia writers have. These include the primary source, extended primary source, and non-fiction and biography inverse primary source.The primary source material includes facts and data gathered from books, magazines, and newspapers that are directly related to the content of the essay. For example, students can choose to discuss information on their history and their current events.Extended primary source material refers to any information gathered outside of the text of the essay. This may include facts and figures, sources that were not directly related to the topic, and places visited. The essay must contain details from such sources, and all of the information must be directly related to the contents of the essay.The last type of essaysamples Columbia writer are the biography inverse primary source material. This is a type of essay sample that is offered by Columbia College. This kind of essay is ideal for students who would like to expand on the informati on they have gathered in the primary source material.

Alex Rodriguez Broke Into Spring Camp With The Seattle...

In 1994, an 18-year-old kid from Miami named Alex Rodriguez broke into spring camp with the Seattle Mariners in an attempt to make the team. After almost immediately stepping into a Major League baseball field he became a household name. Within two years, he was an All-Star. Within five, a regular 40-homer player. By the turn of the century, many were already putting him into the Hall of Fame discussion. On August 12, 2016, Rodriguez played what will be his final game as a New York Yankee after an incredible 12 years in New York. Considering the 41-year-old’s lack of playing time and declining production after a resurgent effort in 2015, this may very well be the end of the A-Rod era entirely. And for A-Rod, he was prepared to leave the game he fell in love with as a child. I do want to be remembered as someone who was madly in love with the game of baseball, someone who loves it at every level, Rodriguez said. Someone who loves to learn it, play it, teach it, coach it. And also, I m going to be hopefully remembered as someone who tripped and fell a lot, but someone that kept getting up. Rodriguez has led a very controversial 22-year baseball career. His lowest moment being when he was infamously suspended for the entire 2014 season following the Biogenesis investigation. The longest suspension ever served in Major League Baseball history. But his story did not end there. In his 2015 campaign, in an attempt to redeem himself and earn back the love from the fans

Emily Dickinsons Theres a Certain Slant of Light Essay

In Emily Dickinson’s lyrical poem â€Å"There’s a certain slant of light† she describes a revelation that is experienced on cold â€Å"winter afternoons.† Further she goes to say that this revelation of self â€Å"oppresses, like the Heft of Cathedral Tunes† and causes â€Å"Heavenly Hurt†, yet does not scare for it is neither exterior nor permanent. This only leaves it to be an internal feeling, and according to Dickinson that is where all the â€Å"Meanings† lie. There’s no way for this feeling to be explained, all that is known is that it is the â€Å"Seal Despair†, and an â€Å"imperial affliction†. These descriptions have a rather powerful connotation in showing the oppressive nature of his sentiment. There is an official mark of despair and an imperial affliction†¦show more content†¦Ã¢â‚¬Å"That oppresses, like the Heft of Cathedral Tunes--.† It has a very heavy feeling derived from the word He ft as well as Cathedral Tunes. The Cathedral is considered sacred yet it is such as somber sound that it could easily affect a person’s mood. The use of paradoxes in the poem creates a sense of confusion about the true feelings about the revelation. â€Å"Heavenly Hurt† is both wonderful and horrible and suggests that the pain comes from the heavens. This suggestion is support in various situations throughout the poem. â€Å"Cathedral Tunes† and â€Å"Sent us of the Air† are the prime examples. It shows that this new realization may have been from a divine being therefore the reader is confused on it’s significance because it perhaps a type of gift. â€Å"Landscapes Listen Shadows—hold their breathe† is the personification used in the poem. This personification in the work shows that a divine being has arranged for this revelation to occur therefore, all of nature will halt to the being who has been selected to find this new piece of themselves. She also uses a bit of irony as well as parallel structure to set the scene in the poem. The revelation is brought out in the light of an wintery afternoon, this is the parallel yet it oppressive and dark which is ironic because the light brought with it such darkness. nbsp;nbsp;nbsp;nbsp;nbsp;Another form of figurative languageShow MoreRelatedEmily Dickinsons A Certain Slant of Light Analysis Essay1290 Words   |  6 Pagesï » ¿ 1 Emily Dickinson’s â€Å"There’s a certain Slant of light† In her poem, There’s a certain Slant of light, Emily Dickinson uses metaphors and imagery to convey the feeling of solemnity and despair at winter’s twilight. The slanted light that she sees, is a metaphor for her battle with depression. Anyone who is familiar with Dickinson’s background will have a better understanding of what she is trying to say in this poem. Dickinson was known as a recluse and spentRead MoreAnalysis Of Emily Dickinson s Poem There s A Certain Slant Of Light1147 Words   |  5 Pagesbreak it. Emily Dickinson skillfully incorporates a variety of different methods in her works to enhance their meanings. At first glance her poetry can seem confusing, but simply analyzing at how she structures her poems can give great insight to what she means. Looking at whether each line of the poem ends without punctuation, also known as enjambment can reveal a great deal about a poem. The use of enjambment and end-stops control the flow of the poem. Along w ith em-dashes, one of Dickinson’s specialtiesRead MoreEmily Dickinsons Capitalization and Punctuation1251 Words   |  6 PagesThe poetry of Emily Dickinson is one of the most recognizable of the 19th century. Dickinson’s poetry stands out because of its unconventional use of capitalization and punctuation. Her poems contain capitalized words which are not normally capitalized. Her poems are noted for the frequent use of the dash. Literary scholars have attempted to interpret Dickinson’s unconventional capitalization and punctuation. Some believe that it was merely part of Dickinson’s penmanship (Weisbuch 73). They thereforeRead MoreThere s A Certain Slant Of Light And William Blake s London1338 Words   |  6 PagesEmily Dickinson’s â€Å"There’s a certain slant of light† and William Blake’s â€Å"London† are two poems that contain the same theme about despair, yet express that theme very differently. Both poems conta in the theme about how despair causes people to be trapped in a constant cycle of pain and loss, and that there is no way to break this cycle. The way that the author expresses this theme is very different. Dickinson’s poem presents despair that seems to come from heaven, and with this despair her life hasRead MoreAnalysis Of Emily Dickinson s There s A Certain Slant Of Light ``1837 Words   |  8 PagesA poet who challenged poetry’s role in religion, Emily Dickinson was born in Amherst, Massachusetts in 1830. Although Dickinson’ was poetically prolific during her life, her work was neither published nor acclaimed until after her death in 1886. Similar to most poets, Emily Dickinson wrote about what she understood and what intrigued her. One of the major themes that Emily Dickinson often explored in her poems was the conflict between science with religion, specifically, her â€Å"individual struggleRead MorePsychoanalytic Criticism on Emily Dickinson Essay108 6 Words   |  5 Pagespsychological theories. Such approach can be used when trying to reconstruct an author’s position throughout their literary writings, as well as understanding whom the author was and how their mind created such works. When considering the work of Emily Dickinson, psychoanalytic criticism comes into play with the role of explaining the many meanings behind her poetry, as to make the reader relate to such poetry on a deeper level or not to who she was as a human being. Many critics believe that usingRead MoreAn Insight Into Dickinsons Portrayal of Death2157 Words   |  9 PagesAn Insight into Dickinsons Portrayal of Death Pale Death with impartial tread beats at the poor mans cottage door and at the palaces of kings. Horace (Quintus Horatius Flaccus, 65-8 B.C.) Throughout the history of literature, it has often been said that the poet is the poetry (Tate, Reactionary 9); that a poets life and experiences greatly influence the style and the content of their writing, some more than others. Emily Dickinson is one of the most renowned poets of herRead MoreAn Insight Into Dickinsons Portrayal of Death2173 Words   |  9 PagesAn Insight into Dickinsons Portrayal of Death Pale Death with impartial tread beats at the poor mans cottage door and at the palaces of kings. Horace (Quintus Horatius Flaccus, 65-8 B.C.) Throughout the history of literature, it has often been said that the poet is the poetry (Tate, Reactionary 9); that a poets life and experiences greatly influence the style and the content of their writing, some more than others. Emily Dickinson is one of the most renowned poets of her timeRead MoreBibliography Relation to Analysis of Emily Dickinson ´s Writings2048 Words   |  8 Pages Anderson, Paul W. The Metaphysical Mirth of Emily Dickinson. Georgia Review 20.1 Spring 1966): 72-83. Rpt. in Nineteenth-Century Literature Criticism. Ed. Jessica Bomarito and Russel Whitaker. Vol. 171. Detroit: Gale, 2006. Literature Resource Center. Web. 14 Feb. 2014. Anderson accomplishes the discernment of Dickinson’s poems and their allusions to many classic myths. He denotes the figurative language that Dickinson utilizes in her poetry to relate to her themes. With these key elements inRead MorePoetry Is An Art Of Representation Or Imitation2631 Words   |  11 Pagesauthors had established this as being a fundamental of poetry, â€Å"both Plato and Aristotle insisted that poetry is an art of representation or imitation† (Hamilton 1829). One of the many poets who have poured their heart and mind into their poetry was Emily Dickinson. Dickinson has been noted as the girl who hid from society with the fear of being unaccepted, â€Å"Frightened by the world and disappointed in her hopes, Dickinson, it is said, retreated into a privacy that shielded her... There,... she is established

Macbeth And Oedipus Rex Essay Example For Students

Macbeth And Oedipus Rex Essay Macbeth and Oedipus Rex AnalysisOedipus Rex and Macbeth are both tragic plays. They have many similarities anddifferences. Some of them are in the role of fate, the characters, and the setting and themood. The role of fate plays a major role in both Oedipus Rex and Macbeth. Without theprophecies their would be no story. In Macbeth, Macbeth was prophecies to becomeking. In Oedipus Rex, Oedipus was prophecies to kill his mother and marry his mother. In both plays the prophecies come true. Both Macbeth and Oedipus rise to greatness onlyto fall back down. The characters also played an important part. The witches in Macbeth and theoracle in Oedipus Rex are some of the most important characters. They are the ones whopredicted the unfortunate futures of the lead men. The main characters, Macbeth andOedipus, are the most important characters. Both are dynamic characters who changethroughout the play. They are also tragic heroes. Macbeth is set in Scotland in medieval times during a chaotic state of affairs. Themood is dark, brooding, and evil. It is developed by the witches and Macbeths sick mind. Oedipus Rex is set in Thebes during a deadly plague. The mood of the play frombeginning to the end is of devastation, destruction and gloom. The mood of suffering andpollution is emphasized as the play proceeds. The tragedies of Macbeth and Oedipus Rex are great works of literature. Theresimilarities and differences can be seen clearly in the role of fate, the characters, and thesetting and mood. English Essays

A food label free essay sample

A food label allows for the consumer to identify what sort of nutrients are in their food and how much of each one they are eating on a daily basis. Our food label, as shown above, has been designed in this form as they appear to look like a tin of beans which interlinks with the product we are selling. We have added in this information as it shows the most important nutrients that are taken in by the body to ensure essential energy production and help maintain a healthy diet. We have added in the traffic light system as we believe it may benefit the consumer, as it shows which percentages of the nutrients are being consumed. The red tin demonstrates a high level which in turn if too much is eaten can be bad for your health in contrast to the green tin which shows a good, healthy level. We will write a custom essay sample on A food label or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As the colours are international, it also allows those who are unable to speak any language at a basic level to understand our label. We think our food label is a more productive way of showing which nutrients are more beneficial to your health in this product. We have added alongside our traffic light system our mathematical symbols to give you more information on whether you should eat more, less or the same amount of each nutrient. Due to its appearance being more appealing than others, it attracts the consumer’s attention straight away and it allows them to identify that what they are eating is health or unhealthy for them. Furthermore, as it has a basic layout it is easier to be read. The information that is being displayed in our label cannot be viewed as misleading as it clearly states that the amount the label is being based upon is for ? a can. This means that the consumers need to make note that the information provided is not for a whole can. Additionally, we have added in a guided daily allowance (GDA) box, which shows what an individual should be consuming each day based on an average healthy adult. Therefore, it allows for that individual to compare their current intake with the allowance they should be receiving. However, with this information it is still essential to ensure that you are doing some sort of physical activity. Overall, our label is more efficient as it provides all the information needed using the traffic light system, the mathematical symbols and a simple layout. The GDA added also allows for the individual to compare it to the product.

Climate and Migration Essays - Climate Change, Environmental Issues

Climate and Migration Essays - Climate Change, Environmental Issues Janayna Manuel Global Issues Writing Assignment # 2 Climate and Migration Since the Neolithic Revolution, with he shift to food production, societies have become more sedentary, and have depended on natural resources in order to settle communities. For example, communities started to emerge along rivers, lakes, and oceanic costs so that water could be used for crop irrigation, and to get resources, such as fish and salt. Nevertheless, nature is unpredictable, and when there is a climate change, sedentary communities are significantly affected. In West Africa, droughts have displaced people, and caused out-migration, affecting communities in different ways. The Sahel region, in the South of the Sahar desert, and North of the tropical zone, along the equator, is one of the unstable regions in the world, regarding climate change. Geographically, the Sahel region is critically located. Too many factors play a major role in this region, causing degradation of the land. First, there are global scale factors such as the sea surface temperature (SST) anomalies (Hagos There are several issues linked to climate change in the Sahel region. According to Africa Renewal magazine, the Sahel region faces many issues, from fragile economy to irregular rainfalls. Due to its location, the region is very susceptible to water shortage, and land degradation, problems often linked to anthropogenic climate change. For instance, this region faced a severe droughts through the 1970s and 1980s what triggered a large decline of the economy (Hagos As shown in the U.N. case study, a young man, who used to live in the Lake Chad region, was significantly affected by drought, and he had to move from the region, and find a new place to live. This basically illustrates how droughts are a major issue for the Sahel region, and how they are closely related to population. Certainly, it is possible to solve the problem that the region is facing. However, the issues are as complicated in local scale as they are in global scale. According to the article Responding to Climate Change, from NASA, mitigation and adaptation to climate change, involves changing the human culture of consumption, by reducing the greenhouse emission. This is in a global scale, but also, this is probably the viable solution for Sahel region weather. In fact, Hagos and Cook reported in their study that the recovery observed in Sahel during the 1990s was due to the change in SST anomalies; A little variation in temperature of the two oceans was the cause of that recovery. This way, this study shows that human will continue to depend upon weather conditions, which decreases the chances of humans changing the current situation in the Sahel region. Nevertheless, the fact that a long-term solution depends mostly upon nature forces does not mean that there is nothing to do regarding the Sahel region. As the U.N. case study showed, the region is poor and it impacts the local capability to cope with environmental issues such as droughts. It is important to understand that the major issue is not that the region is dry, but how people deal with droughts. Thus, it is notable that the main problem is poverty in the region, what limits local people solutions. According to Africa Renewal Magazine, in 2013,

Political Conflicts in the Middle East Makes the Regional Water Essay

Political Conflicts in the Middle East Makes the Regional Water Managment Problems More Acute (Israel, Palestine, Syria, Jordan) - Essay Example The Middle East is known for world’s largest oil reserves which serve as one of the most important sources of revenue generation to these countries. In the meanwhile, these countries are facing an extensive shortage of underground water1 which has resulted in extensive water crisis as a result of political conflicts in the Middle East and has produced more acute water management problems. If we look into the entire world’s water distribution, the Middle East and North Africa (MENA) are the scarcest regions in this regard. According to NASA’s newly generated report, twin gravity recovery and climate experiment (GRACE) satellite have released new images regarding water shortages in the areas of Middle East. It has been reported that two of the most important rivers, named Tigris and Euphrates, which are extensively responsible to cultivate Middle East region, are undergoing frightening water shortages. GRACE works on the calculation of gravitational pull based on water density present in the given region. The data received shows that Tigris and Euphrates have the second fastest rate of decrease in water storage level in the world. Reasons for extensive water loss in this region are given below: Therefore, countries like Syria extensively depend upon desalinization of sea water to meet the water crisis but it has a number of negative impacts on the environment with an increase in boron and bromine compounds in the region, which are hazardous.

You can choose the topic you want Essay Example | Topics and Well Written Essays - 1000 words

You can choose the topic you want - Essay Example stence is all about hope and since the dawn of human civilization on this planet, almost all the major religions of the world have either believed in or alluded to rebirth in one form or other. The early Christians do believed in rebirth and life after death and they carried on with this belief until the Middle Ages. The records of many important and influential church fathers like Origen establish beyond doubt that they believed in rebirth and reincarnation. Yet, by the advent of Renaissance, the Christianity dropped the beliefs about reincarnation from its doctrines and rituals. However, two major world religions that are Hinduism and Buddhism regard rebirth and reincarnation to be an essential part of their creed. Though there are many similarities between the Hindu and Buddhist theologies about rebirth, yet there also exist many marked differences between the way the two religions tend to elaborate on the concept and mechanism of rebirth. The fundamental similarity between the Hinduism and the Buddhist beliefs about life after death is that both of them believe in reincarnation or rebirth. Both Hinduism and Buddhism believe that death is not the end of life, but the extension of life into a second life that is a life after death. Thus, there exists nothing as death and the human beings continue to live after death by taking a second birth after death as some other personality, individual or life form. The Hindus believe that eventual goal of the human existence is to merge with the Brahma or the Supreme Being or God and before the attainment of this state; the human beings continue to pass on from one birth to other, from one state of existence to other and experience many births and deaths. As per Hinduism, every individual has to bear with countless and many experiences and has to live many lives before becoming one with the Divine. According to Buddhism, the eventual goal of human consciousness to attain Nirvana o r enlightenment and on its way to Nirvana,

Group Communications Essay Example for Free

Group Communications Essay Three videos of different group and team interaction will be reviewed for this paper. After they have been viewed they will be discussed on matters of the relationship between group members, member diversity and communication style. The first case study to be reviewed is: Helping Annie. In this video a school nurse has called a meeting with a psychiatrist and a social worker to discuss the case of a High school student, Annie, who possibly suffers from depression and an eating disorder. Right off the bat the school nurse is interrupted by the psychiatrist before she can finish giving the background information on Annie. He wants facts immediately not impressions. He makes a quick decision as to her problem and her treatment within minutes of their meeting and seems to believe that they are done, no more needs to be said. The Social worker does not agree with his decision and offers a counter solution but is again interrupted by the psychiatrist. The psychiatrist wants to use medication and the Social workers wants to first talk to Annie and see if they can understand what the teenager is going through. The psychiatrist sees this as a total waste of time. There does not seem to be any real facilitator of these meeting, and no one points out the psychiatrists constant interruptions of the social worker but the social worker herself. The school nurse is totally intimidated into silence by both of their behaviors. The psychologist seems to have the communication traits of what the test calls thinkers, and the Social worker has the traits of a feeler. According to the text, Thinks are task-oriented. They take pride in their ability to think objectively and logically, regardless of if those thoughts are correct. (Reeve, 2007, Ch. 3, pg.69, para.2) Feelers are people-oriented. The psychologist is very direct and analytical. He seems to want to remove any feelings or humanity from Annies case while the social worker is taking a more subjective, humane approach to Annies problems and is obviously more concerned with the girls well-being than a quick fix. The diversity that exists in this group is both gender and class. The group consist of two women and one older man, the older man, the psychiatrist,  seems to believe that the social worker and school nurse are not in the same class as he, his age, experience and profession making him superior to them on all levels, therefore, their opinions are not worth considering. This diversity is a hindrance in their communication because the psychologist is not listening to the two women and continues to interrupt them because he doesnt have much time here. If using a high context perspective the viewer could draw the conclusion that the psychologist does not agree with the social worker by watching his nonverbal behavior such as his gestures and facial expressions. In a high-context culture little meaning is expressed through words. Meaning can be conveyed through status such as age, gender, education or title. (Reeve, 2007) One method that could have been used to improve communications would have been to have a facilitator present to ensure that each party had the same amount of time to express his or her opinions. Another improvement would have been a change of setting from the informal setting to a more professional seating arrangement that may have helped foster communication between all parties present, such as a round table or face to face seating. The second video reviewed is: Planning the Playground. The group consists of three males and two females; three Caucasians and two minorities. The video case opens with two new members, one a younger male, Ray and one older woman, Betty, meeting the team for the first time. There seems to be two slightly awkward moments when Ray first only offers to shake the hands of the men at the table and when he has trouble pronouncing the name of the minority female Iesha. The moment was defused quickly when Iesha decided to make a small joke about her name to ease the tension and held out her own hand in greeting. Betty seemed uncertain about speaking and said she only joined the team to make friends. Communications between the team started out stiff and slow but by using team talk, (the nature of the language that group members use as they work together. Not only does team talk enable group members to share information and express opinions, but analysis of team talk also reveals where the team is coming from and where the team is headed.) (Reeve, 2007, Ch. 5 pg. 124, Para. 2), team leader David kept the discussion flowing and moved it to the reason they were there. The role the diversity of the group played in their communication was the different  experiences each had to bring to the discussion. Iesha obviously liked research and set numbers and offered not only a sound dollar amount to strive for but reasoning behind it. Ray countered that he thinks the amount should be higher but offered no real reason as did Phil who wanted the amount lower. After deciding to compromise they moved to fundraising. The immediate response to Bettys suggestion of having a Bake sale was obvious. They did not take her input seriously at all but again the team leader chimed in before their dismissive attitude could be considered rude and insulting. Di versity was also not a strong hindrance to the group even though the potential was there. Conflict management techniques were used by the group by expressing interest in solving the problem and keeping their tone and language non-threatening, using phrases like well, yes but lets look at it from a different angle or thats a good idea but may not be exactly what we need now.The use of team speak was a very effective communication tool that kept the team focused and on track. Another important tool that was used was nonverbal. The seating arrangement at the table permitted members to have their personal space but still be able to have direct eye contact. According to Reeve, each persons choice of seating position in groups has a direct effect on interaction and influence. A number of studies have demonstrated that group members prefercorner-to-corner or side-by-side seating for cooperative activities. Such an arrangement allows them to be close enough to share materials. (Reeve, 2007, CH. 5 pg. 138, Para 1) The team in this case study did show good communication skills on t he whole but the one improvement would have been to ensure that before the meeting took place, that each member understood what the reason for the meeting was. The last video reviewed is Virtual Communication. This video is a presentation of three people meeting as a team via conference call. The third unseen member is not listening to what is being said by the manager or his coworker. This is obvious because when they ask him a question he pauses or stutters, then repeats something that neither of the other participants actually said. Listening is important in any group so that you can be sure to get all the available information as well as know exactly what is  expected of you. This is even more so in the virtual business work when team members are not actually sitting face to face. Charlie is neither listening to what is being said or to the messages that were contained in Ellens email or voice mails to him. According to the text, Effective listening in virtual groups requires adapting to a different medium of expression Your only adaptation is making sure that your microphone is on or off at appropriate times. In an email discussion, however, you can neither see nor hear participants, but you still must listen to their messages. (Reeve, 2007, Ch.6, Pg,.168)The disadvantage of group meetings using a virtual medium is that you can fake listening by answering I agree or a non-committal sound. You can also pretend you didnt hear something that you dont want to address as Ellen does in this video when Charlie tries to place the blame on her. Charlie did not effectively use any of his listening skills while on this call. It was apparent by his distracted non-answers that he was not listening. The entire fault is not necessarily Charlies; it is not known if he ever fully understood what was expected of him from the first meeting. If he had at any time used one listening skill such as paraphrasing he might have had enough clarification to get his assignment done in time. Paraphrasing is a form of feedback that one lets the speaker know you are listening and gives them the opportunity to clarify their statement. Paraphrasing can be used for multiple purposes such as: To ensure comprehension before evaluation; to reassure others that you want to understand them; to clear up confusion and ask for clarification; and to help others reach their own conclusions. (Reeve, 2007) References Engleberg, I. Wynn,D. 2007. Working in Groups: Communication Principles and Strategies (4th ed.) Allyn Bacon Publishers. The Collaboration Tool Box. 2002-2003. MIT. Online resource. Retreived online January 12, 2009 from http://web.mit.e

John as Role Model for Husbands in The Yellow Wallpaper -- The Yellow W

Modern day feminists' enjoy looking into the past to find examples of female oppression. This tactic is employed in the hopes of demonstrating that oppression of their sex by the evil male populous has been going on for decades. One such work that is cited by feminists to showcase just how terrible women were treated in the first part of the twentieth century is Charlotte Perkins Gilman's "The Yellow Wallpaper." Feminists' are quick to point out that the main character in this story is driven down the path of insanity by her uncaring husband. It is of their opinion that John, the main character's husband, consistently neglects her by keeping her locked away upstairs. Other feminists argue that the main character was not actually insane, rather, she was pushed into a temporary state of delirium as a result of the state of confinement that her husband subjected her to. These same feminists will say that John's consistent misdiagnosis of his wife's condition smacks of incompetence. It i s their theory that if the main character were a man during this same period of time, doctors would have treated the condition differently. In other words, men were not diagnosed with hysteria and bedridden for three months when they became depressed. As mentioned before, this is what some modern day feminists think. This is in stark contrast to the interpretation by us modern day realists. John was a good husband that cared deeply about his wife's condition. He is described at the beginning of the story as being "a physician in high standing" (The Norton Anthology, p. 658). This description alone offers deep insight into what kind of treatment his wife was receiving. It is hard to imagine that any woman who is married to an extremely prominent doct... ...he would have taken that golden opportunity to flee the so-called dungeon that her husband had created for her. It can only be assumed that she enjoyed the prison that she created for herself since she didn't flee at any moment of opportunity. In summary, John should be championed as a role model for all aspiring husbands. He consistently showed complete devotion and concern for his wife throughout the story. He did everything within his power to make sure that she would have an expedited recovery from her ailments. John bent over backwards to ensure that all of his wife's needs were taken care of. Leave it to modern day feminists to find harm in that.      Bibliography Gilman, Charlotte Perkins. "The Yellow Wallpaper". The Norton Anthology of American Literature, Ed. Nina Baym. Fifth Edition, Volume 2. W.W. Norton & Company, New York. 1998. P. 657-69.

Casino Industry Essay

Find out why the Macau gambling scene is so important -The company intends to use the proceeds from this sale to pay off part of their debt -â€Å"The stock has traded significantly higher since the announcement of the deal, but we believe that this is a huge missed opportunity for the company in a new, booming market and will hurt the company over the long-term as competition continues to expand in this area† (2). -Caesars is the largest casino operator in the U.S -Properties include: Las Vegas, Atlantic City, Indiana, Louisiana, Mississippi, and several other states More on the Macau opportunity, this may be a little outdated: -Only major casino company without a location Macau -â€Å"Caesars bought the 175-acre site in 2007 for $578 million, with plans to develop a hotel and casino, but the company did not apply in the early 2000s for one of the limited number of gambling licenses in Macau, and it never gained a gambling concession from the Macau government† (2) -â€Å"As of July 31, 2013, growth in Macau has increased to over 20% on a year over year basis boosted by an increase in the number of Chinese visitors to the country’s only legal casino gambling hub. July’s 29.5 billion patacas ($3.7 billion) revenue was the third strongest figure this year, according to government data, as more middle-class gamblers visited Macau, eclipsing the growth in the number of high rollers. The slowdown in China’s economic growth has kept away some wealthy customers, who often spend 1 million yuan ($160,000) per bet, but it failed to push away Macau’s appeal for China’s rapidly expanding middle-class and their higher disposable incomes† (2) →what are pacatas Why Maccau Is Attractive for Casino Industry -The number of visitors to Macau rose 4.2 percent during the first half of the year (in 2013) -â€Å"Visitors form mainland China, who account for two thirds of the total numbers, soared 20 percent in July year over year numbers. High rollers account for about 70 percent of gaming revenues, but the share of the middle-class gamers is growing at a much faster rate and Macau’s casinos are trying to diversity entertainment options to attract more of these visitors† (2) -Minimum table bets start at around 300 patacas  ($38), compared to a year ago when offering bets for 100-200 patacas ($20) -â€Å"In the end, investors should not have seen the sale of this property as a catalyst for the stock, but instead as the huge missed opportunity to diversify the company’s core business and expand into an explosive new market† (2) -because the stock price went up when they sold Macau location -Macau casinos and hotels are now showing strong September gaming revenue -à ¢â‚¬Å"At the current rate, gambling revenue for the month of September so far is tracking 25.7% higher than the same month a year ago. Macau generates annual gambling revenue topping $38 billion, larger than any other casino district in the world, about five times the annual take of U.S. gambling in Las Vegas† (3) -Macau, a special gaming district on China’s southern coast, is the only place in China where gambling is legal – -â€Å"We believe that the run up in CZR shares has been on the coattails of the other gaming and hotel companies and that the buying has been way overdone. Investors should loko for the stock to pull back substantially after the recent rally† →research if all of this stuff is still true The most Recent Quarter- Focusing On the Important Aspects of This Business -Most recent quarter is Q2, net revenue was reported by Caesars as $2.2 billion -A decline in casino revenue was â€Å"largely offset by increases in F&B, rooms, and managed revenue† -â€Å"The company attributes this decline to a combination of macroeconomic conditions, competition, and a shift in marketing strategy. The company has lost market share in gaming to competition, despite the company’s positioning with the World Series of Poker brand† (4) ^ this is about gaming competition -Alpha research believes that revenue and profits have peaked and will be on the decline next year (2014), they were correct -Income form operations: $125.3 million in 2013, down $63.8 million compared to the prior year, 33.7% decline was driven by higher asset impairment charges (learn more on this) -â€Å"Adjusted EBITDA declined 8.2% to $470.5 million and property EBITDA declined 4.9% to $492.8 million compared with the year-earlier period† (4) -Investors should focus on the lower gaming revenue -â€Å"Casino revenue in Las Vegas declined approximately 15.5% year-over-year, primarily due to loss of market share and visitors and weaker gaming volumes† (4) -The same trends are occurring in the Atlantic City region -Gaming revenue was down due to lower visitation driven by primarily new competitive threats -CZR market volume in Atlantic city has declined, and market share has declined overall →my suggestion is that they should look more to online gaming, because technology and internet are booming, maybe consider joining with another casino industry- why is competition doing better -The company is facing increased competition in certain areas like Louisiana/Mississippi, Tunica, and Las Vegas and Atlantic City -Find specific competitors -Problem: â€Å"The company’s investments in current properties and new construction may prove to be too little, too late, as the projects have become increasingly costly over the last two years† The Debt Burden→ get more up to date information -At the quarter end (Q2 2013) for Caesars Entertainment, Inc. was $23.7 billion. -Debt, net of $1.8 billion of cash, was $20.9 billion -Total debt repurchased was only around $275 million during last quarter -Reports of a possible bankruptcy, have been increasing since Moody’s downgraded the company’s credit rating to one of its lowest levels in April 2013 -Cash flow growth is not expected to increase in 2013, â€Å"as a result of a demand drop fueled by customers spending less at casinos† (5) -Major concern because competitors gaming revenue are continuing to thrive -â€Å"The company has consistently poured money into new construction and the remodeling of existing structures, but significant measures need to be taken in order to improve the company’s current capital structure. If the company cannot spur major cash flow generation over the course of the next year, the company will be facing some major problems in early 2015 -Why is January 2015 important? Because that is when $4.4 billion of mortgage-backed securities are scheduled to mature for CZR (figure out more what this means) â †’ opportunity, cash flow generation, how? Competitors are outbeating them -Recent report from July 2013, Caesars planned to beef up its product  offering in Las Vegas and enter in the Maryland casino market, breaking group in Baltimore Major Areas of Concern for the Future: (direct quotes) -No unique value proposition built on approach, scale, geographic reach, brands and loyalty -Not positioned to drive value creation and significant revenue upside -Huge investments made in trying to expand core of business—declining revenues in many areas of business will lead to serious problems if the capital structure is not re-vamped by 2015 -Not executing on development pipeline, expanding domestic distribution and social/mobile gaming platform—the company claims that social gaming has a bright future, but the uncertain regulatory condition on a state and federal level pose a serious threat to the future of this revenue source -Failure to capitilze on pipeline while competitors continue to thrive on an international level (failure in Macau and Korea are significant) -Failed focus on managing costs and improving capital structure -Sustained economic recovery has not provided an additional tailwind to the efforts of the company COMPETITORS: EPS Change (%), Sales growth % CZR: -92.74, .16 WYNN: -1.34, -2.19 LVS: 18.29, 18.28 MGM: -165.10, 16.71 →large concern is the significant decline in EPS and sales growth over the recent history for CZR and at such a fast rate -â€Å"Considering the country has been seeing an economic recovery, consumer spending on gaming and entertainment in Las Vegas has not kept up. With no exposure to Macau, CZR will continue to underperform its peers in the future. The company’s current strategy is failing domestically and trying to transition to anything internationally is impossible. The EPS Change of -92.74% and 0.16% Sales Growth is just the beginning of a negative trend for Caesars. With massive amounts of debt and important maturity dates approaching, investors should look for a significant decline in shares as nervousness continues to build.† (5) -Based on the cash flow and margins, the quality of the most recent CZR earnings quarter was very poor overall -Negative cash flow per share: company is borrowing a significant amount of money to keep operating, and at some point the banks will stop lending and want to be repaid –bad position -â€Å"Cash is king† and companies that don’t generate cash are not around for a long time Problem: no cash flow -major debt obligations are due in 2015 and they have no cash, running out of time USE ALL THE CHARTS FROM THIS PDF! Very good for 2013 competitors, etc Potential Bankruptcy: -Important to look to the Book Value/ Share of CZR -this indicates the dollar value remaining for common shareholders after all assets are liquidated and all debtors are paid Financial Strength -Look at PDF -Use of leverage can be a double-edged sword for companies -â€Å"In the case for CZR, it has tried to generate returns above its cost of capital, for investors benefits. However, with the added risk of the debt on tis books, CZR is a company that has been hurt by this leverage and is unable to generate returns above the cost of capital. The company’s losses have been and will continue to be magnified by the use of leverage in the company’s capital structure, while they continue to renovate existing properties and continue with new construction domestically. With $20.91 B of long-term debt and a large debt to equity ratio of 1.04, Caesars will need to significantly overhaul their capital structure if they want to compete and survive in this highly competitive industry† (6) →compute d/e current ratio for 2014, google their financial statements Problem: too much debt, no cash -ROA: -4.44%, the company cannot operate efficiently based on the firm’s generated profits from total assets

Why Have McDonalds Sales Been Declining - Free Essay Example

Sample details Pages: 8 Words: 2319 Downloads: 5 Date added: 2017/06/26 Category Economics Essay Type Argumentative essay Level High school Tags: McDonalds Essay Did you like this example? Founded in the 1940s, McDonalds has become the largest, the most successful and most well known fast-food chain in the world. When ranked amongst the rest of their industry competitors, McDonalds are consistently ranked as the most valuable fast-food brand in the world as well as being in the top 10 of all the overall brands in the world . Achievements like this highlight the enormity of the firm when they are ranked amongst the likes of Apple, Google and Coca-Cola year after year (Forbes, 2015). Don’t waste time! Our writers will create an original "Why Have McDonalds Sales Been Declining?" essay for you Create order Between 2003 and 2011, McDonalds saw a rise in its value from $12 per share to $100 per share at its peak in 2011 (The Economist, 2015b). However, over the last 18 months, the firms dominance is not as apparent as it once was. With a fall in sales revenue and a more substantial challenge from other fast-food competitors, the question being asked is why, after so long, is McDonalds starting to falter and what can they do to solidify their top spot? This essay will argue that the main reason behind the decline in McDonalds sales is the change in the social and cultural makeup of many of its consumers. Whilst other factors will be highlighted through the use of a PEST analysis, this essay will argue that the main reason is a generational shift that McDonalds has failed to keep up with and will ultimately offer recommendations that could potentially help the fast-food chain increase sales. The essay will primarily focus on ways to increase sales in the UK. The UK is home to ove r 1,200 McDonalds restaurants. In recent years it has become the UKs third largest fast-food chain behind the likes of Costa and Greggs (Armstrong, 2015). Despite sales increasing in the UK by 0.5%, worldwide, the firm saw a decrease of 1.8% in sales (Fortune Magazine, 2015). There are things that are out of the control of those in charge of UK operations such as food safety scares in Japan and China but there can be measures taken to increase sales so that it can offset the problems in other parts of the world (Fortune Magazine, 2015). All businesses, no matter the size of the company, or the scope of their operations, must consider the external environment they are operating in. Failure to do so can result in missed opportunities to maximise ones profit-making or allows competitors to come into the market and control a significant portion of the market share (Worthington, 2009). PEST analysis (an acronym for Political, Economical, Social and Technological) is a tool used to exa mine the external environment to outline potential limitations in various aspects of a business operations. Anything that can hinder the ultimate aim for a company, to make money, needs to be a priority for any business on the behalf of their shareholders. The political environment analyses the political sphere and the way the it can have a direct effect on the way business operates (Worthington, 2009). This incorporates aspects such as the political system and its attitude to private enterprise; as well as legislation and regulation that governs the way firms operate at various levels from local government to international governance. The UK is a very business-friendly political system. The UK operates with some of the lowest corporation tax rates in the developed world with companies such as McDonalds having to pay a rate of 20% as they earn over ÂÂ £300,000 in profit and this to be cut further in the future to 18% (HMRC, 2015). With this being kept in mind, the UK poli tical environment encourages enterprise and is therefore difficult to suggest that the political workings of the UK are contributing to the downward spiral of the companys sales revenue and ultimately, limited actions the business could take within this environment to increase sales. A similar conclusion can be made of the economic environment. This environment focuses of the wider macroeconomic activity and the way it affects the way businesses operates (Worthington, 2009). This includes taxation in its various forms such as, in the UK, national insurance, income tax and corporation tax; the unemployment level, as higher unemployment means less demand for products due less money flowing through the economy, or interest rates. The economic and political environments are closely interlinked and economics can dictate policy and policy can dictate. The economic crisis saw a rise in unemployment which has a knock-on effect on the ability for a business to generate revenue. However , growth in the economies of the highly developed nations has resulted in unemployment falling. As of April 2015, the UK unemployment rate stood at 5.6% (Eurostat, 2015). Therefore despite the fact that the macro- and microeconomic climate is improving, the revenue of McDonald still falls suggesting that the reason behind it is not economic. The aim of this essay is to argue that the main reason for McDonalds recent failings is due to its neglect in adapting to the current social and, by extension, technological environments. The social environment is concerned with the social and cultural aspects that can affect a way a business operates and technological environment is concerned with the use of modern day technology to maximise opportunities, for example, cheaper methods of production or more efficient ways of delivering a service or product (Worthington, 2009). Regardless of the industry, a business needs to understand the societal norms of the area they operate. For example, a company like McDonalds should not sell beef burgers in a country like India, where the Hindu population does not eat beef. Whilst it appears that McDonalds has catered for the various social differences in the variety of countries it operates in, on the surface level at the very least, the company has failed to keep up with cultural changes in its base the West. Businesses maximise their sales through segmentation. Segmentation is the process where companies focus their marketing by segmenting the market into small groups of shared traits such as demographics, age, gender and occupation. Segmenting the market has no merit in itself; a business needs to understand the consumer behaviour of that particular segment. Consumer behaviour entails all the activities that are normally associated with the purchasing of a product by examining why people buy what they buy and not just what they buy (Kardes et al, 2014). McDonalds have been caught between two different marketing methods aiming to the lower end of the market and directly competing with the likes of Burger King and attempting to aim for the higher-end fast-food restaurants such as Chipotle, Wahaca and Five Guys; who are a little more expensive but are growing in popularity. There has been a growth in the demand for the upmarket, fast-food chains due to their key selling point being high quality food with the option to customise ones dish (The Economist, 2015b). The rise in the high -end fast-food chains can be attributed to the rise of a particular segment Generation Y or otherwise known as the Millennials. Generation Y, is the term that refers to individuals born after 1982 and grew up in a post-Cold War age, through unprecedented prosperity, and throughout the advent of the internet and globalisation. Over the last decade, they have begun to make up the majority of the market (Strauss Howe., 2009). As a result of the age Millennials grew up in, they are less susceptible to traditional market ing techniques and are much more cynical in what a brand has to offer them. Gray (2015) believes that whilst Generation Y are still very aware of the marketing techniques but because they have been targets to it at various levels for their entire life, as opposed to many individuals from Generation X, Millenials are much more desensitised to it. They no longer accept products on face value, but attach a greater concern for being valued as a customer. Jobber (2013) writes that we have entered into a New Marketing Era where the customer is the centre of the marketing mix and attempting to build a long-term relationship with the customer as opposed to previous era in which Generation X were part of. A study into Millennial consumer loyalty found that Millennials will often choose where to shop based on the quality of the product or service and being rewarded for their loyalty. This study found that 74% of participants were more likely to choose a brand that offers a reward or loyalty p rogramme (Ferguson, 2012). This can be seen amongst the fast-food chains such as Starbucks, Costa and Nandos where consumers are rewarded through loyalty cards or apps that can be redeemed for free products and discount. Many argue that McDonalds should head back to its roots and continue to focus on the lower end of the market with the likes of Burger King. However, with this increasing trend in upmarket food-chains, McDonalds should focus on this market if they hope to increase sales. Martin (2002) found that one third of Millennials in the US are from an ethnic minority which brings about a global mix-and-match culture amongst Millennials resulting in a greater demand for culturally diverse foods. One of the key selling points of chains like Chipotle or Five Guys is the ability to build your own dish. With a combination of ingredients, these restaurants offer customers a chance to create something that matches their taste as much as possible. McDonalds in Australia is trail ing a new Create Your Taste menu, where customers have the ability to create their own gourmet burger from a selection of ingredients through a digital kiosk and have it delivered to their table (Macleod, 2014). A trial like this automatically combines that customisation element that many of the Generation Y individuals enjoy so much as well as making use of the modern day technology and is therefore the first thing that McDonalds in the UK should introduce to increase sales. Due to the fact that many of these restaurants such as Five Guys are relatively expensive compared to the likes of Burger King and KFC means that it is not an economic issue; consumers are willing to pay if they feel the quality is appropriate and they are valued. This means that McDonalds could charge more for their customisable burgers and further increase revenue. The greatest innovation over the last 20 years has been the advent of the internet and many companies have made it their priority to make use o f it to expand their business opportunities. When it comes to fast-food restaurants, the opportunity to expand on the internet is limited due to the nature of the industry. However, through the introduction of smartphones and smartphone applications, a number of fast-food chains are utilising these to allow a smoother and more convenient experience for their consumers. For instance, Nandos in the UK uses an application that allows customers to pre-order their meal for it to be ready for collection. It means that commuters on their way home from work can order their food whilst mid-journey and their meal will be ready to be collected for take-way when they have arrived at their local Nandos restaurant. Therefore a second recommendation that would help increase the sales in the UK for McDonalds would be to increasingly utilise the technology available to them. Fergusons study into Millennial consumer loyalty (2012) found that 59% of Millennials use smartphones and with the increasing availability of smartphones at a more affordable price since 2012, it can be assumed, that the figure in 2015 is greater. This further supports the claim that McDonalds is missing out on an opportunity to enter into a thriving market where the tools such as affordable application development and smartphones are readily available. . To conclude, whilst these recommendations on how McDonalds should change the way it operates does not guarantee success, it at the very least means that it is competing with its fellow fast-food chains on an even keel. However, there is the possibility that McDonalds has reached the maturity period of its lifecycle. Like Nokia and Microsoft, two giants in their respective industries, before trendier competitors were introduced to the market, namely Apple, Samsung and Google, no matter how these two giant corporations tried to update their operations and appeal to a newer, more modern market, they have failed to hit the heights of the 1990s. Many of the recommendations are slowly being rolled out by McDonalds throughout the course of 2015 and will undoubtedly reach the shores of the UK shortly afterwards. However, McDonalds is too successful to be judged by a few bad years. 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