Contemporary Strategy Analysis Text and Cases

Question: Discuss about the Contemporary Strategy Analysis for Text and Cases. Answer: Issues The vision and mission of the company is to be the leading company in the entertainment world. The strategies focuses on differentiating the company based on services and products. One of the major threats of the company is the cost of the Walt Disney Companys products and services. This is mainly because; the cloths and toys that are offered by the company are expensive as compared to its competitors. This is one of the major issues due to which the profit of the company was reduced (Wasko, 2013). The other threat is from the competitors. The major issue that is faced by the company is the dilemma with respect to choosing the best strategy. This includes whether the company should diversify its services or not. Diversification has both rewards and risks. The performance of Walt Disney is improving. The park and resort performance of the organization is better than its competitors. The company should not only focus on developing park performance, but also concentrate on investing in studio performance. The revenue of the company decreased by seven percent compared to its competitors. The company should concentrate in pushing new toys in the market based on the movies that they release in order to increase the revenue (Mannheim, 2016). However, there are two main issues that the company needs to address for the growth in its future. They are discussed in the paragraphs below: The first issue that Walt Disney faces is the poor performance of media network division. The revenue from the media network grew just by one percent. The contribution of the media networks towards the revenue is negligible. This is one of the major issues for the growth of Walt Disney. The second issue that Walt Disney faces is regarding the management strategy. This relates to the strategy of paying for acquisitions and stock. The share count of the company has also decreased by 0.4 percent. The spending of the company in the form of cash and stock is high during the purchase of new company and acquisitions (Peters et al., 2015). Analysis The poor performance of Media networks led to a decrease in the profit and revenue of organization. The theme park and the resort performance of the organization are contributing towards increasing the revenue of the organization. The organizations largest segment is media networks. The organization should not only concentrate on developing the theme parks and resorts but also put an emphasis on studio performances as the revenue from studio performance is declining. The organization was criticized for affecting the health of children by providing them bad working conditions (Dal Maso et al., 2015). The smoke that was used for filming the show greatly affected the health of the children. The company has also been charged on the grounds on violating human rights. The diversification of services involves uncertainty. It is a long process and complex where large amount of data needs to be collected by the manager of the organization. The product portfolio of the company is strong. The main weakness is that it relies heavily on the income from North America and that can be harmful for the organization. The organization is involved in acquisition that reduces the opportunities of growth of the company. The Research and Development technique of the organization should be well developed. Decisions The company has divided its market into various segments such as media and network, Walt Disney studio, theme parks and studio and product studio. The organization should not only concentrate on developing services and entertainment programs but also should concentrate on providing relevant toys and other accessories to increase the revenue. The products of Disney include magazines, books, musical records and television programs (Gupta, 2013). It is essential for the company to not just concentrate on one media network that is ESPN but diversify its channel to other network providers as well. These will help the organization to increase its profit. It is also beneficial for the company to rely on debt financing instead of stock and cash market. These will help the company to increase its share count. The dilution of the company in its strategies has led the company decrease in its share and profit. Hence, it is essential for the company to formulate and modify the strategies to achieve the goals and objectives. Firms gain economies of scale through improved allocation of financial resources, based on investments inside or outside the firm. Implementation of strategies requires the firm to improve its Research and Development area (Kantola et al., 2016). Outcomes Implementing proposed strategy will help the company increase its profit and shareholders. It will also help the organization achieve competitive advantage and survive hard competition in the market. In case of violation of child right, it is essential for the management to ensure that the employees work in coordination with the rules and regulations set by the government. The company should use products in its production that is not harmful to humans specially children (Grant, 2016). Moreover, acquisition alone is not a solution. Diversification of services and products is necessary for the benefit of the company. It will help the company with its competitors. References Dal Maso, C. B., da Silva, W. M., de Mello, P. C., de Paula Arruda Filho, N. (2015). Integrating Project Portfolio With Business Strategy: Imagineering.Future Studies Research Journal: Trends and Strategies,7(2), 155. Grant, R. M. (2016).Contemporary strategy analysis: Text and cases edition. John Wiley Sons. GUPTA, D. A. (2013). Organizational challenges towards international growth.Arth prabandh: A Journal of Economics and Management,2(10), 24-33. Kantola, J. I., Barath, T., Nazir, S., Andre, T. (Eds.). (2016).Advances in Human Factors, Business Management, Training and Education: Proceedings of the AHFE 2016 International Conference on Human Factors, Business Management and Society, July 27-31, 2016, Walt Disney World, Florida, USA(Vol. 498). Springer. Mannheim, S. (2016).Walt Disney and the quest for community. Routledge. Peters, J. C., Beck, J., Lande, J., Pan, X., Cardel, M., Ayoob, K., Hill, J. (2015). Using healthy defaults in Walt Disney World restaurants to improve nutritional choices. Wasko, J. (2013).Understanding Disney: The manufacture of fantasy. John Wiley Sons.

Pee Wee Scouts Thanksgiving Essays - Thanksgiving, Pee Wee

Pee Wee Scouts Thanksgiving Pee Wee Scouts are a group of kids that do good things for other people. On thanksgiving they made baskets for the poor people. So the poor people had somthing to eat on thanksgiving. Now isn't that nice. When they were filling the baskets they found a unlabled can. Their teacher Mrs. Petters told them to put one unlabled can in each basket. She also said They will suprsed what is in the can. They visit a turkey farm and Sonny went to cry because he wanted a pet turkey. So he cryed and cryed until he gets the turkey he wants. It's name is Tiger. Mrs. Petters tell them they are going to do a play. About pilgrims and Indains. With the mayor wachting them. They do the play and Rachel tells everyone she won't forget her part.Molly told Rachel she would not remeber her line.When it was time for Rachel to say her part she didn't remeber her line. So Molly helped Rachel say her line. Molly said her line great. Sonny has to bring Tiger back to the farm were Tigers firends live. He was lonley anyway. said Sonny. Book Reports

Analyse the Significance of Genetic Influences as Opposed to Social Factors in Human Development free essay sample

Money advised the parents to change the sex of their child since penis reconstruction wasn’t an option then, he was a supporter of the idea that gender wasn’t predetermined genetically and was from the influence of the environment. At the age of 22 months Bruce Reimer suffered a surgery called orchiectomy which would remove his testicles and the sperm cord. He also started a hormone treatment that would change him into a girl; He became Money’s guinea pig called Brenda. The childhood of David Reimer i. e. Brenda wasn’t great; whenever her mother tried to dress her with a dress she would tear it off. She also liked playing with her brother’s toys and was often bullied by her classmates in school. Despite these, Money made his case public and wrote: The childs behaviour is so clearly that of an active little girl and so different from the boyish ways of her twin brother† (1) ‘Brenda suffered terribly; no hormones were able to make her feel like a girl, for some time she urinated through a hole surgeons had placed in the abdomen. We will write a custom essay sample on Analyse the Significance of Genetic Influences as Opposed to Social Factors in Human Development or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It was clear that she identified herself as male as she declared that when she grew up she would marry a woman, not a man. Besides a traumatizing childhood, her visits to Dr. Money were also highly traumatizing and tiring because she was supposed to visit him regularly. He would often show her and her brother pictures of people having sex and also forced them to take off their clothes and examine each other’s genitals (however these claims might not be true)’. (1) The genetic influences of this story are that originally David was born as a boy and all the way through his life he wanted to be, from the quote above it states that his mother dressed him in dresses and made him play with dolls, but the only thing he wanted to do was play with his brothers toys and wear boys clothes. They also removed his testicles and he didn’t have a penis due to an accident, however even though he no longer had sperm or testicles and actually had a penis he still felt like a boy. There were massive consequences of this story on the boy as he had so much frustration with the world and with himself of why wasn’t he a boy, unfortunately Brenda soon developed psychological problems. ‘She had a nervous breakdown when she was only a small child and by the time she reached adolescence she already had suicidal depression. When told that she was in fact born a man, she took the name David and decided to become a male again. She underwent surgery to remove her breasts and also had penis reconstruction. David married in 1990 and became a defender of sexual liberation. Sadly David Reimer continued to suffer right through till his death; in 2004, David committed suicide; the events that led to his suicide were harsh: his brother died by taking an overdose of antidepressants (he suffered from schizophrenia), he and his wife separated, and he had financial difficulties. Overall in this story the genetic influences are the most important as the nurture couldnâ⠂¬â„¢t change the way that boy felt e. g. even though he had the parts of a girl he still felt like a boy. That just shows that people who are born and feel like they are trapped inside someone else’s body e. . they are female but want to be male. They can be dressed in girls clothes get a job as a nurse have a husband and children but inside they still feel like they should be a male. The next story is a good example of the nature/ nurture debate as it is the differences between identical twins, and how nurture can affect the twin’s even though they can have the exact same DNA. Twins allow scientists to decipher to what extent is caused by genes and how much of it is shared environment. As identical twins, 19-month-old Sol and Luna share 100 percent of the same DNA. Both girls have soft oval faces, tufts of curly brown hair, slight noses and large almond-shaped eyes. If Sol’s coat is taken off, Luna will notice, and she will eagerly mimic for hers to be removed. If one is dancing, the other jumps in without hesitation, and if one drops her cup you can count on the other to follow posthaste—neither likes to be left out of a potentially fun situation. (2) Although they both have 100% of the same DNA, their mother explains how they couldn’t be more different; Grace Castillo (mother of the twins), says they have different personalities. Sol is adventurous,† says Grace. â€Å"She was the first to reach milestones and is much more of a troublemaker. She doesn’t like to be smothered, and only will offer affection on her terms. Luna, on the other hand, is more sensitive. She’ll cry when Sol gets in trouble, and she is oddly more independent in public, showing less fear of strangers. †(2) Their mother also admits that although she knows both girls are developing noticeably different personalities, she still believes that genes are playing a major role in how each child progresses in terms of their behaviors e. . especially when she compares their behavior to her own when she was the same age â€Å"It has to come from somewhere, and genetic inheritance makes sense when your child starts doing things you used to do at that age. † (2) The story of these two twins’ demonstrates the nature side of the debate as even though they are totally different people their mother thinks it is still due to genes and that their personality traits are inherited from her and their father e. g. she states that some of the behavior of her children reminds her of her own at the same age. However if this was true wouldn’t both girls have the same personality genes as they have the same DNA, so somehow their genes must have been nurtured in order for one child to have an adventurous behavior opposed to a shy, sensitive child. The fact that one of the twins is naturally a more stronger person as in ‘doesn’t like being smothered’ whereas the other twin ‘cries when the other twin gets into trouble’, suggests that there is a biological influence on personality development as both children have come from the same environment and unless either of the children have experienced traumatic events i. . child abuse which would be an influence of nurture. Then there is no possible reason for why the girls have different emotional traits as they will as we know have been given the same love and the same example from their parents of how to display emotions e. g. if they see their mother crying then that shows them that it is okay to cry when y our upset, this then would explain why Luna is comfortable with crying and create a mystery of why Sol does not want affection from her mother. Relating to Sol and Luna’s story is a similar but massively different story about two twins called; Daphne Goodship and Barbara Herbert. They first met when they were aged 40, Debbie was raised Jewish whereas Sharon was raised Catholic. Although the twins were raised apart from each other all of their lives they still had remarkable similarities; â€Å"We discovered we had a miscarriage the same year, followed by two boys and a girl in that order,† says Barbara. Segal (the twin’s father) called Daphne and Barbara the â€Å"giggle twins† because they laugh and fold their arms the same way. (3) This story really does show the massive influence of genetics as these twins will have the same genes but have been brought up in totally different environments e. g. they were both brought up in different religious views, that affect their lifestyles i. e. church or mosque and their believes which they will work around to ‘please their god’ i. e. if they are Muslim they will work around not eating pork meat. Overall these stories all represent different sides and give different evidence for the debate; the David Reimer story represents the importance of genes as the environment had no influence of the gender difference of the child; however various nurture factors caused him to lose his internal control and therefore started to suffer from depression. The story about the two twins Luna and Sol differently represents nurture as the genetics would determine both girls to have exactly the same personality traits as they have the same DNA. However the mother thinks it is still because of nature as the traits are similar to her at that age. The last story about the second set of twins also supports nature the same as David Reimer as they have been brought up differently but look and astonishing act the same. This suggests that both nature and nurture are very important as there can be a massive part of nature e. g. gender and nurture social learning in the way you learn how to be a girl or boy. References (1) http://curioustendency. blogspot. co. uk/2011/06/nature-vs-nurture-case-of-david-reimer. html (2) http://brainworldmagazine. com/who-are-we/ (3) http://lornareiko. wordpress. com/2009/10/08/identical-twins-who-were-separated-at-birth-what-are-they-like/

What Is Net Worth Complete Guide

What Is Net Worth Complete Guide SAT / ACT Prep Online Guides and Tips If you’ve ever analyzed your personal finances, you may have come across the term â€Å"net worth.† Simply put, your net worth is what you have minus what you owe. While net worth is a useful way to evaluate your financial situation, it also has some major flaws. Let’s define the concept of net worth, and then look at some key adjustments you can make to assess your finances and plan for the future even better. What Is Net Worth? A Hard Definition You just read a simple definition of net worth: what you have minus what you owe. Let’s rename â€Å"what you have† as assets and â€Å"what you owe† as liabilities. Let’s say your major asset is a $10 lemonade stand. Your major liability? The $4 you owe to your mom for sugar and lemons. Overall, your net worth is $6. Not bad for a 7-year-old budding entrepreneur. Twenty-five years later, your assets and liabilities probably look a little different. You lost the lemonade stand, but you collected other assets, like a savings and checking account, a car, a sweet road bike, and several rare Beanie Babies that you had the foresight to save. While you’ve paid off that $4 debt to mom, you’ve amassed some other liabilities: namely a hefty car loan and an even heftier student loan. Your net worth is the total value of all your assets minus the total value of all your liabilities. Using this example, let’s break down the steps to calculating your net worth. Calculating Net Worth: An Example Considering our 32-year-old friend who, sadly, did not grow up to run a lemonade stand empire (let’s call him Joe) we can list out all his assets and liabilities. Next to each one, we assign their current market worth. All of Joe’s assets together add up to $27,000. Again, these values represent the current market worth; who knows what the volatile Beanie Baby market is going to look like tomorrow? His liabilities total $35,000. The chart below shows the breakdown of Joe’s assets and liabilities beside their current values. Assets Current Market Worth Liabilities Current Market Worth Checking account $2,000 Car loan $5,000 Savings account $6,500 Student loan $30,000 Car $15,000 Road bike $1,000 Beanie Babies $2,500 Total: $27,000 $35,000 Net worth = assets - liabilities = $27,000 - $35,000 = - $8,000 After subtracting his liabilities from his assets, Joe is left with a negative net worth totaling $8,000 in debt. While ending up with a negative net worth isn’t ideal, it’s not actually unusual or even necessarily a bad thing, especially at certain points in life. In fact, Joe looks like he’s in a pretty good financial spot, especially if he keeps making consistent payments toward his car and student loans. So how can you calculate your own net worth? Read on for each step of the process. How to Calculate Your Net Worth: 6 Steps To calculate your own net worth, you need to go through the same process as Joe. There are six steps: Step 1: List Out All of Your Assets These could be tangible things like houses, cars, motorcycles, bicycles, land, pleasure yachts, baseball cards, rare coin collections, Basquiat paintings, fur stoles, gemstone-encrusted goblets...you know, the usual. They could also be intangibles, like stocks or other investments. Step 2: Determine Current Market Worth Once you’ve identified your assets, determine their current market worth. Don’t value your car at the amount for which you bought it, for example. Instead, find out what you could sell it for now. Step 3: List All Your Liabilities These could be student loans, personal loans, car loans, mortgages, or credit card debt that you amassed paying for all those pleasure yachts. Step 4: Determine Your Debts As you did with your assets, assign the amount of money that you currently owe to each liability. Step 5: Subtract Assets from Liabilities Figuring out your net worth is a simple subtraction problem: total value of assets minus total value of liabilities. Then you have your net worth! If you end up with a negative net worth like our friend Joe, it isn’t necessarily a bad thing. Lots of recent graduates, for instance, will be in this position thanks to ever-growing student loans. Your net worth doesn’t account for changes in your earning and spending over time, which is one of its major limitations. I’ll discuss the pros and cons of net worth in more detail below, so if you’re only interested in the hard definition of net worth, you should stop reading here. If you want to know how to make a more realistic assessment of your finances in both the short and long term, though, then you should keep scrolling. Before getting deeper into net worth, a quick note about my background in finance and economics. My Background in Finance and Economics I’ve invested my higher educational life to studying the ins and outs of economics. At Harvard, I got my Bachelor’s in Math, Master’s in Statistics, and Ph.D. in Economics. Eager to put theory to good use, I started a personal finance circle in my community to help struggling neighbors get on the path to financial independence. Along the way, I’ve deftly managed my business PrepScholar’s cash flow and my own personal finances. For many of us, school teaches us a lot about critical thinking, but very little about how to manage our money. With my background, I sincerely hope to assist others in developing solid financial planning skills. Now that you know a little about me, let’s return to the topic at hand: net worth, why it’s a useful metric for understanding your personal finances, and where it falls short. Why Is Net Worth Useful? 2 Main Reasons Calculating your net worth is a traditional approach to measuring your financial standing. It’s relatively easy to calculate, and it shows you the balance between your assets and your debts. If you calculate your net worth several times throughout the year, then it also suggests a pattern in your financial worth. Let’s take a closer look at the two main uses for this framework of net worth. Reason #1: Net Worth Reveals Your Current Financial Standing Net worth gives you a big picture view of your financial profile at a specific point in time. It makes you take stock of what you have and what you owe. If you were to sell off everything you owned and put it all toward paying off what you owe, you’d have your net worth left over- whether it’s cash in your pocket or remaining debt. Realistically, you’re probably not going to trade in all of your earthly positions, move into a log cabin, and pull a Henry David Thoreau, but you do know what your safety net looks like if you were to experience a big financial change, like getting laid off. Calculating net worth gets you to identify your assets and liabilities, connect the dots between them, and understand your financial standing at a particular moment in time. Reason #2: Net Worth Shows Patterns Over Time A one-time calculation of net worth only tells you about the present, but comparing your net worth over time reveals patterns in your earning, saving, and spending. If you were to determine your net worth three times over a year, then you could see how it changes. Imagine your net worth as a see-saw with assets at one end and liabilities at the other. If the see-saw tilts down toward debts, then you can consider ways to level it off over time, perhaps by reducing your monthly spending. If it’s starting on the upswing toward assets, then you can strategize about how to keep that progress going. By calculating your net worth several times over a set period, you can identify patterns in your finances. As a result, you can think about lifestyle changes that would help you yield a higher net worth the next time you sit down with your calculator. All that being said, there are also some major flaws in the concept of net worth. It contains some big blind spots, and it’s important to know what these are so you don’t miss the forest for the trees. Read on to learn how net worth paints the big picture, but overlooks some of its most important details. How Is Net Worth Limited? 3 Major Flaws The idea of net worth misses a few major parts of your life. When it talks about assets and liabilities, for instance, it misses a pretty major one: you! Net worth completely overlooks all the money that you’re making and spending now and in the future. By focusing solely on assets and liabilities, it fails to take into account the human element. Net worth also doesn’t distinguish between types of assets. Some assets get more valuable over time, while others are like a slowly sinking pleasure yacht. Let’s take a closer look at net worth’s three major flaws, and then discuss some excellent ways to fix them. Flaw #1: Net Worth Misses One Huge Asset Don’t take it personally, but net worth completely overlooks you as an asset. It focuses on things that you possess, but it ignores your labor income now and in the future. Let’s say you make $30K a year. If you maintain that income, then you’ll bring in $300K over the next ten years. Realistically, you’ll probably bring in even more as your skills, experience, and earning potential grow over time. Net worth overlooks all of this income. Consider a second example. Alex has $10k saved and no debt. Britney, though, is $100K in debt. According to the traditional net worth definition, Britney is in a way worse financial position than Alex. However, Alex makes $20K a year, while Britney, who’s in debt because she went to medical school, just got a guaranteed $200K per year job! It’s Britney, ultimately, who’s in the superior financial position. The traditional net worth formula, though, doesn’t show it. For many people, especially those in their 20s and 30s, labor income is their primary asset and thus the most important metric when analyzing personal finances. I don’t have a wide array of tangible assets, like a collection of antique motorcycles or Renaissance art. My human capital is, by far, the most relevant asset when assessing my financial standing. If I only used the traditional equation of net worth to measure my finances, I would be overlooking my most important asset. Flaw #2: Net Worth Doesn’t Include Baseline Spending Just as net worth ignores you as an asset, it also overlooks you as a liability (no offense). Your basic consumption- groceries, shopping, climbing gym membership- accounts for major drains on your budget. If you need $20k of baseline spending per year, then you’ll be spending $200k over ten years. Like your income, your basic consumption has a huge influence on your finances. Net worth takes into account big liabilities, like mortgages, student loans, and credit card debts, but it doesn’t acknowledge smaller ones that add up over time. It doesn’t incorporate your baseline spending, which might be a much more relevant metric to lots of people than, say, a bulky mortgage on a farmhouse in upstate New York. Flaw #3: Net Worth Doesn’t Distinguish Between Types of Assets Finally, net worth is a static measure that doesn’t account for the fluctuating values of your assets. Let’s say you have a $20K yacht and $20K in a stock index. When calculating your net worth, these two assets look exactly the same. If you sold everything off that day, both would give you $20K each in your pocket. If you’re trying to make a realistic and forward-thinking assessment of your finances, though, should these two assets really be considered on an equal level? I would answer with a hard no. The boat costs $4K a year to maintain. Your investment is likely to get $1K or more in returns. Since it’s sapping money and losing value over time, the boat is a consumption asset. The investment, on the other hand, is a productive asset. Distinguishing between consumption and productive assets is one way to fix this flaw in the net worth system. Read on for a full breakdown of how to calculate net worth in a way that’s more realistic and useful for your long-term planning. How to Calculate Your Net Worth Better Now that I’ve exposed net worth’s flaws, let’s talk solutions. There are two main adjustments you can make to improve this assessment, the â€Å"Total Net Asset† fix and the â€Å"Productive Net Worth† fix. Let’s look at both in more detail. Fix #1: Total Net Asset Fix As you read above, the standard analysis overlooks you completely. It doesn’t account for the two largest levers to improve yourself: increasing your earning power and decreasing your spending habit, two important topics that I’ll explore in other articles. To fix this oversight, you should estimate the next 10 years of your earnings and baseline spending. Ten years is long enough to give you a good idea of your finances, while short enough that you can make a realistic prediction. If you make somewhere in the range of $40K a year, then you could estimate that your income over the next ten years will add up to $400K. If your annual baseline spending adds up to $20K, then you’ll be spending at least $200K over the next decade. Of course, changes in your income and spending will happen; that’s the whole point. This long-term projection lets you take control of your personal and professional choices, because it reveals just how much a raise in salary or cut in spending could affect your long-term net worth. The Total Net Asset fix gives you better insight into your finances, and it lets you think in a more forward-thinking way about your choices. You can play around with a few estimates to see how changes, both small and big, could increase your worth over time. Fix #2: Productive Net Worth Fix The second solution, which I’m calling the Productive Net Worth fix, helps distinguish between productive assets that gain value over time and consumption assets that lose value over time. I would suggest a somewhat radical departure from the traditional net worth equation. Instead of counting all of your assets, only count your productive assets. These might be money in your bank accounts, cash, stocks, and any investment properties. The consumption assets you’d leave out include a house, car, or boat. The way you use these consumption assets on a day-to-day basis (to live, drive, or throw lavish pirate-themed parties, respectively) is their primary value. Since they both cost money and depreciate over time, they should be left out of the net worth equation. (Side note: you might wonder if a house should be counted as a productive asset. Robert Kiyosaki, author of Rich Dad, Poor Dad, gives a convincing argument on the house-as-liability side. According to Kiyosaki, a liability is â€Å"anything that takes money out of your pocket.† Because of all the upkeep and repairs they require, houses can often be considered a consumption, rather than a productive, asset.) Now that we’ve gone over both adjustments, the Total Net Asset and Productive Net Worth fix, let’s put both of them together to see how you can make the most realistic assessment of your financial worth both now and in the years to come. Measuring Net Worth: A More Realistic Assessment Let’s bid farewell to Joe and consider a new exemplar, Stacy. Stacy has a $20K car, $10K in savings, a $5K student loan, and a $1K personal loan. Here’s her list of assets and liabilities alongside their current market values: Assets Current Market Value Liabilities Current Market Value Car $20,000 Student loan $5,000 Savings $10,000 Personal loan $1,000 Total: $30,000 $6,000 Using the traditional calculation, Stacy has a net worth of $24,000 ($30K - $6K). Based purely on the hard definition of net worth, Stacy could theoretically raise her net worth by upgrading her car. Since we now know that a car is a consumption asset that both costs money and loses value over time, this approach would be a questionable one. The traditional definition of net worth is trying to lead Stacy astray! Let’s fix that. Using our Productive Net Worth fix, let’s eliminate the car completely from our assessment. Then we’ll apply the Total Net Asset fix and add in Stacy’s projected income and baseline spending over the next ten years. We estimate that her income will be $300K, and her spending will add up to $200K. Assets Current Market Value Liabilities Current Market Value Savings $10,000 Student loan $5,000 Projected income $300,000 Personal loan $1,000 Projected baseline spending $200,000 Total: $310,000 $206,000 Stacy’s new net worth over 10 years is $104K. Rather than giving her a one time balance of her assets and liabilities, this â€Å"fixed† net worth assessment helps Stacy figure out her finances over the long-term while incorporating her most important asset and liability, her own labor income and spending. With this estimate, Stacy can begin to think more realistically about her long-term value and how to improve her position. What can she do to yield a net worth higher than $104K over the next ten years? Some strategies for increasing net worth over the long-term are all fodder for another article, but a few key ones include, Improving her earning potential through education and skills training, Making cuts to baseline costs, Eliminating debts, and Avoiding the purchase of consumption assets. Sorry, Stacy, but you probably shouldn’t buy that state-of-the-art Jetski with your current balance of $24K; it’s only going to eat away at your long-term net worth. In closing, let’s review the key points you need to remember about net worth, its traditional definition, and the adjustments you can make to get an even more realistic assessment of your long-term financial profile. Calculating Your Net Worth: What You Need to Remember The concept of net worth helps you balance your assets and debts and evaluate your financial standing. The traditional formula has you simply subtract the sum of your debts from the sum of your assets. While this approach has some uses, it’s not nuanced enough to truly help individuals with their personal finances. Nor does it apply to lots of people whose primary asset is their own labor income. In fact, the net worth formula is a vestige of corporate accounting and much more relevant to businesses than to you or me. By making a few adjustments- namely, by estimating future cash flow and distinguishing between consumption and productive assets- we can make the net worth formula work much better for us. Then we can use this analysis to inform our financial choices. Rather than solely looking at little-picture changes, like cutting out morning lattes at Starbucks, we can focus on big-picture changes that have a great long-term effect, e.g. increasing our earning potential with a new degree, paying off high-interest credit card debt, and resisting the urge to buy a boat. With a couple key fixes to the traditional formula of net worth, we can look outside the present moment and gain a long-term idea of our economic worth. The result? Smart financial choices now that will benefit us substantially in years to come.

Marketplace Structure Research Paper Example | Topics and Well Written Essays - 750 words

Marketplace Structure - Research Paper Example Contrary, a monopolistic market emerges after a firm produces a product that is not similar to what others produce. The product is unique and there is no replacement. The organization enjoys being the only single producer of the product or service. Consequently, the organization controls the price and quality. Entry in the monopolistic market is challenged by economies of scale. Monopolistic competitive market consists of organizations selling similar products that are not identical. There are many organizations each taking a portion of the market. Baade (33) adds that, the organizations diversify the products so that they have a variety according to name, style and pricing. Movement in and out of the industry does not have a barrier. Oligopoly is a market structure where a few organizations with same or diversified product gain prominence in the market. Because the few large organizations are known to each other, decisions are made putting into consideration the competitor’s reaction. Decisions on advertising, output and prices are influenced by the rival organizations. There is a tendency to diversify or standardize the product. Entering the industry requires a large capital. Economies of scale are the major hindrance to joining the industry.   Manchester United fits into the oligopoly market structure. It is a football club featured in the premier league among other prominent and wealthy football clubs. Its rivals in the market include; Arsenal, Liverpool, Leeds United and Manchester City.

Identify a particular issue or problem that occurs with HRD in a Essay

Identify a particular issue or problem that occurs with HRD in a country with which you are familiar - Essay Example The calculation is very simple.   The number of employees leaving in a year is calculated as a percentage of the total number of employees during the same period.   It is also known as separation rate. Employees in the beginning and closing of the year are averaged for this purpose.   However, if the monthly beginning or closing figures for the twelve months are averaged, it would be better. Some times the companies calculate a retention rate, and alternative method of calculation.   It is also called as Stability Index and worked out as below. The figures in the calculation will be unduly inflated if the replacements are frequent during the year.   For example 85% of the employees are retained.   If the vacancies caused during the year are replaced twice, the labor turnover ratio works out to 30%, if replaced only once, it works out to 15%.   Therefore retention ratio is preferred.  Ã‚   Another problem is in averaging.   If there is huge variation during the year from beginning to end or average, the ratio will be vitiated.   In a country like India, this may happen due to seasonal factors also.   For examples, if rain gods play a trick on farmers, production, consequently the employment is affected in sugar industry.  Ã‚   Michael Hanni and Mark Knold pointed out, ’construction, retail trade, administrative services, and accommodation and food services. Together, these four industries make up 35 percent of all employment, yet constitute 52.2 percent of all job separations (separations were the minimum variable of the numerator for 2006). In other words, these four industries account for a disproportionate amount of job churning.’  Labor Turnover in Utah, Source: U.S. Bureau of Census, LED data.http://jobs.utah.gov/opencms/wi/pubs/specialreports/laborturnover08.pdf We usually consider ‘Year’  as a basis for calculation.   However, year

Acounting and finance Essay Example | Topics and Well Written Essays - 1250 words

Acounting and finance - Essay Example To efficiently administer the various functional areas for which the manager is responsible and also to co ordinate these functions and activities within the overall framework of an organization is the two major purpose of an accounting system Especially the management accounting systems contemplate to analytically measure and report all financial and non-financial information so that the managers can make fruitful and effective decisions to fulfill the goals of an organisation. Thus the focus of the management accounting is mainly internal reporting of the various activities. Modern day management accounting plays a very significant role in both planning and control decisions. Hence in the process of decision making the management accountant has to make a number of realistic and logical assumptions in arriving at an optimal solution for the problem on hand. For enabling the management accountant to take a stand on the various assumptions in the process of decision making, the cost o f the product or service is a key element. Traditionally there are various methods of ascertaining the cost of a particular product or service. One of such methods is collecting the various cost elements and allocating them to the particular product or service which is known as unit costing.As outlined above one of the traditional ways of ascertaining the cost is to apportion a standard cost for each unit based on historical cost data. This system of ascertaining costs and base the managerial decisions has lost significance due to the fact that modern companies tend to have lower truly variable costs as against a very high degree of fixed costs. Also the equipments that are being used have become more complex and specialized and they form a very significant proportion of total costs. In addition organization with a wide range of products has processes which are common to several finished items making cost allocation irrelevant or meaningless. 3.0 ALTERNATIVE TO TRADITIONAL COSTING SYSTEMS-ACTIVITY BASED COSTING SYSTEM (ABC SYSTEM) An alternative to the traditional costing systems, modern day multi process business corporations adopt the activity based costing system which has proved a real tool in the hands of the managers for making proper business decisions. The activity based costing system is a refinement of the costing system in which focus is centered on the individual activities as the fundamental cost objectives. An activity in an organization may take the form of an event, task or unit of work with a specified purpose. To illustrate; the design activity, set up activity, manufacturing operations, shipping activity, distribution activity and administrative activity can form the basic key costing elements for the refinement of the costing system and thereby to arrive at the proper cost of a particular unit or service. ABC system aims at calculating the costs of the individual activities and assign costs to cost objects such as products or services on the basis of the activities undertaken to produce each product or service. 3.1 FEATURES OF ABC SYSTEM OF COSTING Fundamentally there are three distinct features of the activity based costing system: They are: 1. ABC system works by creating smaller cost pools linked to different activities. Traditionally organizations used to have single overhead cost pool related to several cost pools. 2. For each activity-cost pool ABC system aims to measure the activity performed and have this as the base. 3. In some cases costs in a cost pool can be identified and traced back to a particular Product or department or service and such kind of direct tracing of costs improve the cost accuracy as no assumptions are made to allocate the common costs. The logic behind the working of the ABC system of costing is that the more we create finely structured activity-cost pools, greater is the