Mba essay writing service
Provincial Exam Essay Topics
Thursday, August 27, 2020
Flannery Oââ¬â¢Conners ââ¬ÅGood Country Peopleââ¬Â Essay
Love and kinship can make a magnificent story however why not include a spot of doubt and misleading. Thatââ¬â¢s what Flannery Oââ¬â¢conner did in ââ¬Å"Good Country People.â⬠By doing this she conveyed her topic that individuals arenââ¬â¢t consistently what them appear. The Irony of the characters and what they represent overstates the topic well indeed. The manner in which the characters were created demonstrated their assorted variety in ââ¬Å"Good Country Peopleâ⬠. Hulga had a degree in reasoning which caused her to accept that she was more intelligent than every other person since she had learned more than they had. Yet, truth be told she was not, this was demonstrated by the great olââ¬â¢ book of scriptures sales rep who should be straightforward and acceptable and he was getting by offering family books of scriptures to nation individuals. He began pursuing Hulga and when he prevailed upon her they met one evening for a walk. During this walk both their real nature started to radiate through. In the wake of being driven on a not all that spontaneous stroll through the forested areas. Hulga was embarrassed when the scheming sales rep needed to engage in sexual relations with her however when she denied him he took her wooden leg. Which demonstrated her to be guileless and delicate. Through wooden legs and books of scriptures imagery comes through unequivocally. Hulga as a kid lost her leg and the specialists gave her a wooden prosthetic leg as a substitution. This wooden leg props up its own imagery all through the story just as it props up Hulga. She accepted she required no assistance all through life. With her accept or non-accept rather, she has the thought she needs no family, no God, and no help. However where it counts she needs every last bit of it. The leg truly supportââ¬â¢s Hulga her entire life. At the point when she has her wooden leg taken from her by the holy book sales rep she understands she had the help she required from the start, however up to this point when she loses one kind of help, does she know she needs the others too. The Bible is additionally a major image in this story. The Holy Bible speaks to great and truth on the planet. The Bible sales rep pushes this in his attempt to sell something, however to him it represents a spot where he can keep every one of his privileged insights. Whatââ¬â¢s inside the empty Bible in his bag is the thing that the Bible truly represents to him, literally nothing. To Him its a spot to store his thoughts of sex, liquor, and pornography. Which makes it truly something that isnââ¬â¢t as it appears. Which prompts another image Hulga herself. After she gets shrewd in the behaviors that most people find acceptable and does notâ believe she needs God, or any other individual any longer. She changes her name of satisfaction, Joy, to a monstrous futile name of Hulga. She does this to show to everybody that she needn't bother with the delight or bliss in her life any longer, she has reasoning and instruction. Incongruity comes through from multiple points of view particularly through the characters. All through the story Hulga accepts she is more wise than the individuals in her family and town since she headed off to college and earned a Ph.D. in theory. In all actuality however she is similarly as straightforward as the ââ¬Å"good nation peopleâ⬠she is encircled by. This is demonstrated by the honest book of scriptures sales rep, who in all the truth is basically the Devil. She goes out to entice the guiltless, yet thus she is oblivious to the reality he is deceiving her. They lead each other to an animal dwellingplace where the guiltless book of scriptures sales rep shows his internal most fallen angel by putting down all Hulgaââ¬â¢s convictions and chiding to her she isn't better yet similarly as stupid and credulous as every other person in her town. Another amusing goody is the means by which Joy changed her name to Hulga. It absolutely features the reality she needs nothing to do with her happy Christian childhood by her nation uneducated family. What's more, similar to Hulga the book of scriptures sales rep is additionally an unexpected factor in this story. He should speak to great Christian ethics that are educated in chapel and through the holy book. Anyway all he is a cheat and a prostitute without any ethics. He is the pentacle of the terrible kid scene. He keeps in the Holiest of all books the Bible condoms, a flagon of alcohol and playing a game of cards with exposed young ladies on them. At that point to finish it off he gets a kick out of the chance to gather counterfeit body parts he has taken from young ladies he has tricked. It its totally not what one would gain from the Bible. At long last Hulga acknowledges her name of Joy again and ideally values her family and how great that it tends to be now and again to be straightforward. The sales rep isnââ¬â¢t got notification from again and life goes on. Be that as it may, after the entirety of the exciting bends in the road of the story ââ¬Å"Good nation Peopleâ⬠by Flannery Oââ¬â¢ Conner, one takes in a good from all the underhandedness and question. Never pass judgment superficially.
Saturday, August 22, 2020
The Help Essay Topics
The Help Essay TopicsHelp essay topics are the backbone of every help that you need to write. You have to be sure that you have them prepared with thorough details. In order to do this, you need to know the basic things that should be included in it. This is what you need to know about help essay topics.The first thing that you have to include in your help essay topics is a description of yourself. It should not only contain the general description but also its personal details such as your age, height, and the exact date of your birth. Also, it should show how you started your education. You can include your date of school graduation or the name of the school.For the next paragraph of the help essay topics, you have to think of some problems you are having. Make sure that you include them all. This includes your work-related problems, family issues, problems with your girlfriend or boyfriend, your education-related problems, and so on. Also, you have to include your learning style a s well. People with a fast-paced learning style usually have an easier time writing.Another tip on the essay topic is to give tips and suggestions. Give examples of good and bad examples that you have found to be true. The examples should be ones that can apply to your case. Some people also like to provide some role models who are also experiencing the same problem as you.When you are preparing for the help essay topic, you have to decide which specific subject you would like to write about. This will help you focus on the main idea that you want to convey. The topic can either be about a topic that has been a major topic or one that is new.You also have to think of the name of the essay topic. You have to determine what it will be, which is why you need to have a name already prepared. Once you are done choosing the name, you can now start filling in the rest of the necessary information about the essay topic.There are several different methods in how you can organize your informa tion. You can choose the one that you like. You can make use of the available space for filling up the topic. In addition, you can also include pictures and illustrations if you think they are relevant to the information that you are going to share.The help essay topics should be short and concise. It should be able to convey your message quickly without giving away any important information. Good essay topics are the backbone of every essay.
Friday, August 21, 2020
Night World Huntress Chapter 2 Free Essays
The skinheadââ¬â¢s face was distorted, his eyes colossal. He gazed at her, breathing hard like a hurt creature. ââ¬Å"I know,â⬠Jez said. We will compose a custom paper test on Night World : Huntress Chapter 2 or on the other hand any comparable subject just for you Request Now ââ¬Å"You ran quick. You canââ¬â¢t make sense of how I ran faster.â⬠ââ¬Å"Youââ¬â¢re-not-human,â⬠the skinhead gasped. Then again, actually he tossed in a great deal of different words, the benevolent people got a kick out of the chance to utilize when they were vexed. ââ¬Å"You guessed,â⬠Jez said brightly, disregarding the obscenities. ââ¬Å"Youââ¬â¢re not as idiotic as you look.â⬠ââ¬Å"What-the hellfire are you?â⬠ââ¬Å"Death.â⬠Jez grinned at him. ââ¬Å"Are you going to battle? I trust so.â⬠He mishandled the weapon up once more. His hands were shaking so hard he could barely point it. ââ¬Å"I think youââ¬â¢re out of ammo,â⬠Jez said. ââ¬Å"But in any case a branch would be better. You need me to sever one for you?â⬠He pulled the trigger. The weapon just clicked. He took a gander at it. Jez grinned at him, going on the defensive. She could feel them develop as she went into taking care of mode. Her canines stretching and bending until they were as sharp and fragile and translucent as a catââ¬â¢s. She preferred the vibe of them delicately indenting her lower lip as she half-opened her mouth. That wasnââ¬â¢t the main change. She realized that her eyes were going to fluid silver and her lips were getting redder and more full as blood streamed into them fully expecting taking care of. Her entire body was taking on an indefinable charge of vitality. The skinhead looked as she turned out to be increasingly lovely, increasingly barbaric. And afterward he appeared to overlap in on himself. With his back against a tree, he slid down until he was perched on the ground in some pale earthy colored clam organism. He was gazing straight ahead. Jezââ¬â¢s look was attracted to the twofold lightning jolt inked on his neck. Right. . . there, she thought. The skin appeared to be sensibly spotless, and the smell of blood was luring. It was running there, rich with adrenaline, in blue veins simply under the surface. She was nearly inebriated simply pondering tapping it. Dread was acceptable; it added that additional flavor to the taste. Like Sweetarts. This would have been goodâ⬠¦. At that point she heard a delicate broken sound. The skinhead was crying. Not boisterous bellowing. Not rambling and asking. Simply crying like a child, slow tears streaming down his cheeks as he shook. ââ¬Å"I reconsidered you,â⬠Jez said. She shook her hair out, hurled it in scorn. However, something inside her appeared to fix. He didnââ¬â¢t state anything. He just gazed at her-no, through her-and cried. Jez recognized what he was seeing. His own demise. ââ¬Å"Oh, come on,â⬠Jez said. ââ¬Å"So you donââ¬â¢t need to kick the bucket. Who does? Be that as it may, youââ¬â¢ve murdered individuals previously. Your posse executed that person Juan a week ago. You can dish it out, yet you canââ¬â¢t take it.â⬠He still didnââ¬â¢t state anything. He wasnââ¬â¢t pointing the weapon at her any longer; he was grasping it with two hands to his chest as though it were a teddy bear or something. Or on the other hand perhaps as though he were going to execute himself to escape from her. The gag of the weapon was under his jawline. The thing inside Jez fixed more. Fixed and contorted until she couldnââ¬â¢t relax. What wasn't right with her? He was only a human, and a human of the most exceedingly awful kind. He had the right beyond words, not on the grounds that she was ravenous. In any case, the sound of that crying â⬠¦ It appeared to pull at her. She had an inclination nearly of history repeating itself, as though this had all occurred previously however it hadnââ¬â¢t. She knew it hadnââ¬â¢t. The skinhead talked finally. ââ¬Å"Do it quick,â⬠he murmured. Furthermore, Jezââ¬â¢s mind was tossed into bedlam. With simply those words she was unexpectedly not in the woodland any longer. She was falling into nothingness, spinning and turning, with nothing to grasp. She saw pictures in splendid, incoherent flashes. Nothing seemed well and good; she was plunging in dimness with scenes unreeling before her powerless eyes. ââ¬Å"Do it quickly,â⬠someone murmured. A blaze and Jez saw who: a lady with dim red hair and fragile, hard shoulders. She had a face like a medieval princess. ââ¬Å"I wonââ¬â¢t battle you,â⬠the lady said. ââ¬Å"Kill me. Yet, let my little girl live.â⬠Motherâ⬠¦ These were her recollections. She needed to see a greater amount of her mom she didnââ¬â¢t have any cognizant memory of the lady whoââ¬â¢d brought forth her. However, rather there was another glimmer. A young lady was clustered in a corner, shaking. The kid had fire splendid hair and eyes that were neither silver nor blue. What's more, she was so startled â⬠¦ Another glimmer. A tall man rushing to the kid. Pivoting, remaining before her. ââ¬Å"Leave her alone! Itââ¬â¢s not her flaw. She doesnââ¬â¢t need to die!â⬠Daddy. Her folks, whoââ¬â¢d been murdered when she was four. Executed by vampire huntersâ⬠¦. Another blaze and she saw battling. Blood. Dull figures battling with her mom and father. What's more, shouting that wouldnââ¬â¢t very purpose into words. And afterward one of the dull figures got the young lady in the corner and held her up highâ⬠¦ and Jez saw that he had teeth. He wasnââ¬â¢t a vampire tracker; he was a vampire. Furthermore, the young lady, whose mouth was open in a cry, had none. At the same time, Jez could comprehend the shouting. ââ¬Å"Kill her! Execute the human! Murder the freak!â⬠They were shouting it about her. Jez returned to herself. She was in Muir Woods, stooping in the greeneries and greenery, with the skinhead falling down before her. Everything was the sameâ⬠¦ yet everything was unique. She felt stunned and scared. I don't get it's meaning? It was only some odd mind flight. It must be. She knew how her folks had kicked the bucket. Her mom had been killed inside and out by the vampire trackers. Her dad had been mortally injured, however heââ¬â¢d figured out how to convey the four-year-old Jez to his brotherââ¬â¢s house before he kicked the bucket. Uncle Bracken had raised her, and heââ¬â¢d disclosed to her the story again and again. In any case, that screamingâ⬠¦ It didnââ¬â¢t mean anything. It couldnââ¬â¢t. She was Jez Redfern, to a greater degree a vampire than anybody, even Morgead. Of the considerable number of lamia, the vampires who could have youngsters, her family was the most significant. Her uncle Bracken was a vampire, as was his dad, and his fatherââ¬â¢s father, right back to Hunter Redfern. In any case, her motherâ⬠¦ What did she think about her motherââ¬â¢s family? Nothing. Uncle Bracken in every case recently said that theyââ¬â¢d originate from the East Coast. Something inside Jez was trembling. She didnââ¬â¢t need to outline the following inquiry, however the words came into her psyche at any rate, gruff and inevitable. Imagine a scenario where her mom had been human. That would make Jezâ⬠¦ No. It wasnââ¬â¢t conceivable. It wasnââ¬â¢t simply that Night World law denied vampires to experience passionate feelings for people. It was that there was nothing of the sort as a vampire-human cross breed. It couldnââ¬â¢t be done; it had never been done in twenty thousand years. Anyone like that would be a freakâ⬠¦. The trembling inside her was deteriorating. She stood up gradually and possibly dubiously saw when the skinhead made a sound of dread. She couldnââ¬â¢t center around him. She was gazing between the redwood trees. In the event that it were genuine â⬠¦ it couldnââ¬â¢t be valid, yet in the event that it were trueâ⬠¦ she would need to leave everything. Uncle Bracken. The group. What's more, Morgead. Sheââ¬â¢d need to leave Morgead. For reasons unknown that made her throat close convulsively. Also, she would go â⬠¦ where? What sort of a spot was there for a half-human half-vampire crack? No place in the Night World. That was sure. The Night People would need to execute any animal like that. The skinhead made another sound, a little whine. Jez bunked and took a gander at him. It couldnââ¬â¢t be valid, yet out of nowhere she didnââ¬â¢t care about murdering him any longer. Truth be told, she had a feeling like moderate loathsomeness crawling over her, as though something in her mind was counting up all the people sheââ¬â¢d hurt and executed throughout the years. Something was assuming control over her legs, making her knees rubbery. Something was smashing her chest, causing her to feel as though she would have been wiped out. ââ¬Å"Get out of here,â⬠she murmured to the skinhead. He shut his eyes. At the point when he talked it was in a sort of groan. ââ¬Å"Youââ¬â¢ll simply pursue me.â⬠ââ¬Å"No.â⬠But she comprehended his dread. She was a huntress. Sheââ¬â¢d pursued such huge numbers of individuals. Such a large number of people â⬠¦ Jez shivered fiercely and shut her eyes. Maybe she had abruptly observed herself in a mirror and the picture was excruciating. It wasnââ¬â¢t Jez the glad and savage and delightful. It was Jez the killer. I need to stop the others. The clairvoyant get she conveyed was just about a shout. Everyone! This is Jez. Come to me, at the present time! Drop what youââ¬â¢re doing and come! She knew theyââ¬â¢d comply they were her posse, all things considered. Be that as it may, none of them with the exception of Morgead had enough clairvoyant capacity to reply over the separation. Whatââ¬â¢s wrong? he said. Jez stood exceptionally still. She couldnââ¬â¢t come clean with him. Morgead abhorred people. In the event that he even realized what she suspectedâ⬠¦ the manner in which he would take a gander at herâ⬠¦ He would be sickened. Also that heââ¬â¢d without a doubt need to execute her. Iââ¬â¢ll clarify later, she let him know, feeling numb. I simply discovered that itââ¬â¢s undependable to take care of here. At that point she cut the clairvoyant connection off. She was apprehensive heââ¬â¢d sense a lot of what was happening inside her. She remained with her arms folded over herself, gazing between the trees. At that point she looked at the skinhead, who was as yet clustered in the blade plant. There was one final thing she had to do with him. Overlooking his wild jumping, she loosened up her hand. Contacted him, onc
Tuesday, May 26, 2020
Understanding Specific Needs in Health and Social Care Free Essay Example, 2250 words
Some people who are normal or have not witnesses a person suffer from stroke even in the present day are likely to associate it with a disability. However, the management of the problems causing stroke can make a person to understand whatever that takes place leading to the occurrence of such ailments (MacCourt, 215). Politically, when stroke is seen as a disability, then it has the potential of destroying a personââ¬â¢s political dream or career. This is because people are not likely to have such persons vie for political seats to lead them. They see them as having short lives that can end any time without having them experience any development. Therefore, the people tend to deny them the opportunities to lead them since they believe that disability is just equal to the inability that a person may have. Therefore, the people will deny those suffering from stroke political support and even social support. The people suffering from stroke suffer psychologically because of the trauma that they go through in the hands of other people. People at times abuse them and equate them to the dead. We will write a custom essay sample on Understanding Specific Needs in Health and Social Care or any topic specifically for you Only $17.96 $11.86/pageorder now Equating a person who is alive to death is enough to make the person die because it is as the person is just a burden in this world (Ember and Melvin 33). Task 2 The raw facts concerning the number of disabled person in the country are challenging to collect (Neal and Sharron 88)The number of persons with mental disabilities and require rehabilitation in order for their condition to return to normalcy is about six million. One of the primary causes of disabilities is mental illnesses. The collection of data on the number of disabled person in a country is crucial in the future planning of a country for better productivity. In addition, the data can serve to aid in the implementation of programs that will ensure the prosperity of the country as a block as opposed to having divisions of the disabled and normal persons. Such divisions have the effect of weakening the country in all aspects ranging from economic down to social and political aspects. The Medicare Part D aptly examines the drug prescription coverage for the beneficiaries of medical care taken in the year 2006 in the first month of the year. The beneficiaries involved in this cove rage system have zero coverage or just some drug coverage that is generic in nature. This section was in place for the purpose of meeting various set goals such as the protection against some dreadful realized usage and spending of drugs and considerable underuse in some.
Friday, May 15, 2020
Wards Model Essay Example Pdf - Free Essay Example
Sample details Pages: 10 Words: 3040 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? In their book- Corporate Financial Strategy-(CFS), Bender and ward (1995) had tried to build closer links between finance and strategy. Dealing first with CFS, it should not be considered with corporate finance as the discipline addresses a range of issues which interconnects finance and competitive strategies. In the book, they based their model with the product life cycle (PLC) by matching external sources of finance to strategies for corporate development throughout the life cycle of a company and composed financial elements mainly venture capital, debt, dividend, profit, P/E, and risk into the model. Donââ¬â¢t waste time! Our writers will create an original "Wards Model Essay Example Pdf" essay for you Create order In their model, they tried to describe each stage of the PLC and the effects on these financial elements throughout the stages of the company life cycle and described in details how to raise finance throughout the company life cycle and whether to pay dividend or retain earnings etc. In this article, the main purpose is to analyse each stage of their model and how these stages have effects on these elements and evaluate the model in terms of its strength and weaknesses and recommendations if any to improve the model. Bender and Wards model The use of the PLC concept as a framework to formulate and implement timely financial strategies can be justified in bender and wards model of CFS as they have adopted the same curve as PLC where the main objective is to ensure overall company profitability and maximize shareholders wealth over the life cycle. In their model, they describe optimal financial decisions that a company should take at various stages of the company life cycle (CLC). The PLC concept has an essential impact on companys strategy in different areas such as finance. The basic issue Ward and Bender explained through their book- is that there are loads of finance textbooks, which explain the theory and put it into some sort of context, but there did not seem to be anything that said look this is what you actually do, and this is why you do it. They started the model with defining the risk in two ways- financial risk and business risk. By financial risk, in the model it specifically means the amount of borro wing a company has in its capital structure. So, if a company has a lot of borrowing then it is taking on a lot of financial risk; if it has no borrowing or gearing at all, then it has got no financial risk. And that way it is easy because it means that business risk is everything else, but business risk really is what it says. In their model, the business risk refers to the volatility of profits and cash flows of a company and that is going to depend on whether it is a younger company or a mature company, what sort of industry it is in and how susceptible it is to the economic cycle. Moreover, to connect the strategy and financial, they put emphasize on the importance of P/E ratio which represents the ratio of current share price to its earnings per share (EPS), where high P/E ratio represents the high potential for growth in future. According to their model, at the beginning stage, venture capital is the main source of financing the operations in any company and will remain the main source of funding until the company will start heading towards the maturity stage. According to the model, at the launch stage, the business risk is so high because of the product risk in the new market and low operating income (or some time even suffering losses), so to create the balance it with the financial risk the company should not borrow to keep the financial risk low. Static trade-off theory also supports the opinion that a firm in growth stage should not finance with debt because of the high bankruptcy cost. There is also no benefit in tax with expenditure of interest because of their low revenue. Moreover if a company try to finance it business with debt at the launch stage it might lose the opportunity to increase its revenue or minimizes its losses as it has to pay interest on the fund acquired through debt. And when the company is unknown and the business risk is high at this stage and it is likely that company might suffer initial losses, borrowing does not soun d an attracting option for funding as it will create an imbalance between financial risk and business risk. And also at this stage, according to the model, it is wise no to pay dividend as company has not sufficient earnings to pay out. Ward also mention that at this stage the P/E ration of the company is normally high because of the low earning per share (EPS). Even at the growth stage the company is still facing high business risk as it has to pay promotional expenses for increasing the sales. At this stage company can enter in to small stock market to raise their equity from the broader range of equity investors and keep the level of its financial risk still low. Despite of that many companies still fail to manage the rapid growth sales, so it is wise not to go for borrowing at this stage as well and finance should be taken from capital market in the form of equity and by retaining the profit of the company and company should pay small dividend to keep the investors interest i n the company (Bender Ward, 2003). Capital structure may be influenced by the firms life stages, as needs for funds may change with the changing circumstances of the firms from equity to cheap source of financing that is debt (Bender Ward, 1993). It is not always advisable for mature company to only use equity financing therefore, company should use debt financing in order to balance companys finance and business risk in particular circumstances during the maturity stage. Damodaran (2001) also proposed that expanding and high-growth firms would finance themselves primarily with equity mostly through venture capital and when it enters in the maturity stage, the funding would be replaced by debt. Likewise in the Bender and Ward model also, as the company progress towards the maturity, the business risk tends to reduces and at this stage, company can think of taking the advantage of borrowed money from the market to decrease its cost of equity by the mean of cheap debt. As company moves from equity to debt financing, its financial risk gradually increases as it uses more and more debt financing. Since the potential opportunity for growth is low, the money is not working hard in the business and now company should start to repay the invested amount to its shareholders in form of dividends. Now at the declining stage, company knows that what is going to happen, so here it should use debt financing for the business activities because the business risk is low at this stage. Dividend should increase to its maximum level at this stage as the opportunity for growth is very low. At this stage, the principle source of finance that is debt is associated with high financial risk, which offsets the low business. Critical Evaluation of the Model Looking from the practicality of the model, Bender and Ward model seems very attractive and guides company how, when and by what mean to raise money. Nevertheless, what about the companies (industry) which are already at the maturity stage. However, their model finds difficulty to answer this question, as these mature companies want growth. Their model simply adopts the PLC model and extended it to company life cycle. Another consideration about their model is that the PLC is not following the classical mode of theorising and since their model is based on PLC, the weaknesses of the PLC can also affect their model (Sion 2012). It is not clear that the PLC is a concept, theory, model or framework? Management only looks for the practicality of the model but what is the underlying theory behind that which is missing in bender and wards model. It is also not necessary that all the companies go through all the stages of the life cycle. It is not unusual for product to gain second life or even reincarnation that can help companies to progress from maturity stage not to decline or death but to fresh period of repaid growth. And now a day, many companies borrow money from the financial institutes as they are the cheap sources of financing and government also provides financial support for companies to start the business and encourage them for borrowing and also help the mature companies or industries to bring them back to the growth track. There is also a lot of confusion about the fact that what kind of evidence can prove the model. There are number of mature companies who have no dividend which is against their model. It is also not clear that what kind of hypothesis can prove or disprove the model. Moreover, the model is over emphasized on finance and give relatively low importance to the strategy thus difficulties can be found to interlink finance and strategy. In addition, the concept of value is also not very defined in their model; however, they came very close to define the value in their model. For linking strategy and finance together, value can be considered the main concept that is required to interlink these two disciplines. However, their model gives more weight to finance and thus it misses the link with strategy. The value is behind their model but they did not realize the actual value, which arises from the consumption of the financial resources and utility. The model is developed by using PLC idea but there are many other strategic theories like porters five force, value chain, generic strategy which are well defined in terms of value and can help to interlink finance and strategy together. One of the limitations of the PLC is that it cannot predict the length of the each stage of the life cycle and also cannot forecast the sales accurately. Although the PLC stages concept provides the manager directions about the changes of characteristics of companies and diagnosis tool to direct the company to reach and keep their b est life stage. However the limitation of the model is that it is not clear that when and how a company should raise the money as the model fails to predict the length of each stage and as a result company cannot clearly decide when the best time to use debt funding is. The PLC also assumes that the entire product passes through these four stages of the life cycle. If this is correct then the company must enter to decline stage after the maturity stage and company usually wants to avoid this stage. In reality, as said earlier, a product can rebirth after the maturity stage and can avoid the decline stage by improving the quality of the product and thus it can again enter in the growth stage. Another possibility is that a product may perform so badly at the launch stage because of the poor marketing strategy and thus it straight away move towards the declining stage of the life cycle. And bender and ward has applied the same concept of PLC in their model, so these limitations of PLC are directly affecting their model. In addition to these, another criticism against their model comes from the MM theory developed by Modigliani and Miller (1958). According to their theory, borrowing can help small companies to grow rapidly as borrowing supports the sales increase and consequently the growth of the company. They argued that the change in debt-equity ratio will not affect the value of the company and as a company increases its debt the overall cost of equity tends to decreases and shareholders bear higher risk due to the increased possibility of the bankruptcy. Also the agency problem is missing in Bender and Ward model. In their model it is not clear who controls the company, managers who are the agents or the shareholders who are the source of financing at the launch and maturity stage? And one of the important criticisms against their model is risk. In their model the business risk is keep on declining as the company progresses to maturity and decline so the q uestion arises here is that what motives company to proceed to decline stage? It is not clear in their model. Although there are lots of limitation for the model, Bender and Ward are the first one who came with the concept to link finance and strategy together, and it is impossible for any model to meet out all the necessary criteria in the relevant field of research. Despite of that, there are also lots of advantages of their model. The interesting thing about the model is that it is very simple to understand and managers can use it easily to grow their business and change the financial sources for the company over the stages of the organization life cycle. The model gives crucial weight to venture capital for any company as it is the best way of financing the new business at the launch and maturity stage which keeps the balance between business and financial risk and when the company is in mature stage it can use debt funding. Adding to this, their model clearly identifies the high risk of borrowing and kept risk grounded to the firm level, which can help to company to avoid the credit crisis. Frielinghaus, Moster and Firer (2005) also conclude that capital structure life stage asserts that more debt should be utilised by firms as they mature, but they also have mentioned that there is a little test has been done to test this model empirically. It also helps people to understand the difference between junior and major stock markets which will help them to guide in their financial decision. Although the model is not tested against the evidence so far, it can be tested against the real situation of the companies in the stock markets. Porters budge Others might still give the importance to the simplicity of the model and will criticise the model, however, complexities can be built into the model. An important step in improving the model is taken by Sion by introducing the porters bulge derived using the porters five forces model. Many companies who are at the growth stage want to remain at this stage for longer period. But the potential high growth attracts entry and rivalry in the industry which can shake out the present companys life cycle and that is where the PLC and Porters five force model can be combined together to improve the model. In porters bulge, Sion introduced three new stages in the life cycle of a company by taking into account the industry in which a company operates, shaping between growth and maturity stage which are new entries, rivalry and shake-out. The five-force model will help to compare bender and ward model and can bring different point of view which can affect the company at the growth stage. A t the growth stage, the industry attracts the potential entrants and that can cause the market share of a company. At this stage, a company might experience slow but positive growth in sale, no growth in sale or a negative growth in sale and then accelerates with rapid pace depending on the rivalry increased because of the new entrants. At this stage a company will face stifle decline earlier in the life cycle but with the help of differentiation or new product introduction or developing alternative use of the old product can help the company to avoid the initial decline stage (porters bulge) in their sales. The introduction of revitalized product will smoothen the porters bulge. This idea of Sion is supported by the from the real world as many growing companies continuously keep on spending on the research and development to introduce new product every year to remain in the growth stage for longer period of time. But the problem with this is that competitors might also follow th e same trend and some time the company which is not able to compete in this kind of environment will straight away face the declining stage before the maturity period of the life cycle because of the shakeout in the industry. Another concern is that the five-force model assumes the neoclassic economics and perfect market which are not robust enough the present financial situations (crisis). It isolates the finance from the capital market, business and accounting. Conclusion The points Bender and Ward are trying to pull out very simply are that one can take a life cycle model of the company and can correlate what business risk and financial risk looks like over the life cycle, adjusting it for the type of business that the company is in. And say in these early stages company need equity it doesnt matter that debt is cheap, it need equity and this is what dividend policy should be and this is the type of investments it should be making and this is how it should be funding them. And then the message, as move through the life cycle and through the book, is company can make it more complex after this, but the only reason for complexity is if it benefits company rather than its investment bank. Its basically a practical guide to corporate finance for people who do understand a little bit of the theory. Their model also explains what the corporate financial strategy is all about and how a company should raise money throughout the life cycle of the company a nd how it should apply the money within the business. The link between Bender and Ward model and Porters five-force model can also help to connect the finance and strategy as these two models are interconnected with each other. To further evaluate the model, it will be required to analyse the number of companies where the focus should mainly be on the launching and growing companies to test the practicality of the model. This will help to fully understand the model from both qualitative and quantitative. Words count: 3039
Wednesday, May 6, 2020
Roman And The Roman s Road - 1169 Words
For years, I have been taught and has used the Romanââ¬â¢s Road in leading someone to Christ. Marked in my early bibles are Roman 3:23, 5:8, 6:23, 10:9-10 and 10:13. I was instructed to first have the individual realize that YOU ARE a sinner. -Romans 3:23 states, For all have sinned and fallen short of the glory of God. We are ALL sinners. But, God loves us and He sent His son, Jesus Christ, to die on the cross for our sins. Next to realize that God Loves them. Romans 5:8 says, But God demonstrates his own love for us in this: While we were yet sinners, Christ died for us. There is no greater love than that someone would lay down their life for a friend. That s what Christ did for us. Then, without Him, you re literally doomed. Romansâ⬠¦show more contentâ⬠¦It was not until Saddleback Church, Pastor Rick Warren, published ââ¬Å"The Purpose Driven Lifeâ⬠, that the idea of discipleship reached every member of a congregation. No longer was disciple-making limited to t he leadership of the church. My church participated in the Purpose Driven Life 40-Day Campaign and had 35 cell groups in the surrounding neighborhood. Krallmanââ¬â¢s book does the same think. He outlines that the Jesus as we all know, taught and discipled disciples before the ascension to heaven. He demonstrated that the pure act of discipleship: being together in one accord to impact for achievement is at the core of impartation. Krallman puts it this way, ââ¬Å"people imparting life to other people.â⬠This impartation is usually done by the discipler to his disciples to introduce them to a new realm, expose them to precepts and principles needed to lead from that position. This was all what we saw Jesus do while he was here on this earth. After completing the assignment on earth, Jesus ascended to heaven. Jesus advised his disciples that the Holy Spirit (of mentorship) will bring about remembrance of all things taught (John 14:26). In other words, to guide and be with them. Therefore, at this point the Holy Spirit served as their mentor not as a Discipler. For me, this is how a disciple should prepare a new convert for Christian maturity. Once you can discern that such convert can grasp the basic precepts of Christian living, then comes the leading ofShow MoreRelatedRoman Roads1495 Words à |à 6 Pagesï » ¿Roman Roads: An Empire Connected LVV4U1 December 16, 2013 ââ¬Å"Man has always moved along a road. Itââ¬â¢s just what the road has looked like thatââ¬â¢s changed over timeâ⬠(Dan McNichol). Some would say that the legacy of the Roman Empire is viewed as the foundation of civilization, having influenced every aspect of modern society, from literature to mathematics. Even today, Roman law and foundation of government forms the basis of several modern democracies. The ancient Empire`s monuments stillRead MoreThe Silk Road1345 Words à |à 6 PagesThe Silk Road united China and the Roman Empire economically, but the territories and cities in-between the two empires truly were the backbone of the Silk Road. The webbed trade routes had a strong impact that they lasted for over 1000 years. The greatness of both nations and their accomplishments economically are astonishing and have changed the history of the world through culture, war, disease, religion, and technology. Culturally the spread of languages and major religions in the wor ld todayRead MoreRome and Its Lasting Impression on the World1538 Words à |à 7 PagesThe Roman Empire and Its Influence on Western Civilization Rome s vast empire lasted for an amazing one thousand-year reign. Half of it referred to as the republic, and the other as the empire. However, after its fall in 5oo-a.d. Rome has still remained in existence through its strong culture, architecture, literature, and even religion (Spielvogel 175). Even after its disappearance as a nation Rome left behind a legacy that will never be forgotten. Its ideals and traditions have been immolatedRead MoreEngineering Architects Impacted Our Life Today1051 Words à |à 5 Pages Engineering Architects impacted our life today and Rome s life many years ago. If you don t think that engendering and Architects are the greatest impact, then what is? Think about this what would happen if these things were never created how would we live today. Roman was a very powerful city. Rome was very efficient they created many magnificent structures weather it s building, art or langue. Rome was a very powerful city but slowly it started to loss it powerRead MoreThe Civilization Of Ancient Rome1595 Words à |à 7 Pagesfrom the sixth century BC to the fifth century AD. The Roman Empire was the second empire to conquer most of the Mediterranean Sea basin, the first being the Ancient Greeks. After taking over the former Greek Empire, the Romans assimilated many aspects of Greek culture into their own, including the Greek Architecture. The main attributions to Ancient Roman architecture are cement, the arch, the vault, the dome and centralized road systems. The Roman Architectural Revolution is also known as the ConcreteRead MoreThe Achaemenid Era Of The Persian Empire1652 Words à |à 7 PagesBabylon and King of the four corners of the world.â⬠(Cyrus) Although this would not be the furthest reaches of the Empire Cyrus had now made the Persian Empire one of the largest and most powerful Empires in the World. After his death in 530 BCE Cyrus s son, Cambyces II, continued to expand the empire, most notably conquering conquer Egypt. (SNT p. 141) Once established, the Persian Empire followed the mindset that was established by Cyrus in that they were an ââ¬Å"autocratic but a culturally tolerantRead MoreROMAN EMPIRE AND THE HAN DYNASTY IN CHINA1441 Words à |à 6 Pagesï » ¿ROMAN EMPIRE AND THE HAN DYNASTY IN CHINA Rodrick Carter HIEU 201 Liberty University 29 November 2014 Roman Empire and the Han Dynasty in China The Roman Empire and Han Dynasty in China are two kingdoms that, despite the geographical difference between them, managed to achieve great success and failure in equal measure. Both were characterized by imperial dynasties that were headed by the emperors and they held large territories. Both of these kingdoms faced various challenges afterRead MoreComparing The Achaemenid Empire And The Imperial Stability And Prosperity Were Cyrus And Darius1638 Words à |à 7 Pagesgeographically distinct civilizations such as the Parthians and Romans drew inspiration from Persians. Although Persian economic policies were enacted by later cultures, the Achaemenid Empire predominantly benefited later civilizations through modeling intelligent leadership that was primarily focused on refining administrative techniques and unifying society. Achaemenid rulers influenced the political systems of the Greeks and Romans through establishing and managing self-governing provinces. WhenRead MoreRome : The Capital City Of Italy Essay944 Words à |à 4 PagesRome is the capital city of Italy, situated in the central-western Italian Peninsula. The historical context of Rome begins at around 753 B.C.E. Rome s initial relocation was in a portion of different early ethnicities, such as, Etruscans, Latins, and Sabines, eventually populating the city as the capital of the Roman Monarchy, Republic, and Empire. For around 244 years, Rome was represented by a monarchy. Over the 244 year time span, ââ¬Å"there were seven rulers to control the kingdom, in sequentialRead MoreRoman Empire And The Han Dynasty Contrast912 Words à |à 4 PagesRoman Empire and the Han Dynasty Contrast Rise of the Roman Empire The Roman Empire is still known today as one of historyââ¬â¢s most powerful period. Rome government had stick rules and policies. The Roman government at this point was known as the Roman Republic. The Roman Republic was controlled by the roar Rome. Bureaucracy was ran throughout the region, but Rome did not want this nor could they afford it. However, they did allow small cities to run a lower level of government. The exercise
Tuesday, May 5, 2020
Homework Questions free essay sample
What famous literary works became the basis for Romantic operas? Chapter 35, p. 299 1 . How did the traditional system of tonality break down in the early twentieth century and what replaced It? 2. How did composers change their approach to the orchestra in early twentieth-century music? How did they approach form? Chapter 36, p. 312 1 . What elements made Stravinsky Rite of Spring shocking to its first audiences? Is it still shocking today?Chapter 39, p. 339 2. What qualities in the music of Aaron Copeland are particularly American? Chapter 41, p. 362 1 . How did George Gershwin and Leonard Bernstein both straddle the worlds of Classical and popular music? 2. What is the literary basis for Porgy and Bess? How does this story differ from other musicals at the time? 3. What Is the literary basis for West Side Story? What does this story share with Porgy and Bess? Chapter 42, p. 371 1. How does the music for film contribute to the drama of the story? 2. We will write a custom essay sample on Homework Questions or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page How does JohnWilliams unify his films through the music? Chapter 18, p. 135 2. How is the suite an international genre? Chapter 19, p. 139 1 . How did composers achieve both unity and contrast in the concerto? 2. What musical techniques did Vivaldi employ in La Primeval to depict the Imagery of spring? Chapter 23, p. 180 1 . How did Classical composers vary the standard structure of the symphony? 2. What contributions did Haydn make to the genre of the symphony? Chapter 24, p. 185 How is the virtuosic ability of the performer displayed in the Classical concerto?Chapter 30, p. 243 1 . What is Romantic about the program and music of Berliners Symphony Fantastical? 2. What are some ways that nationalism is reflected in nineteenth- century music? Chapter 31, p. 251 1 . What remains classical about the treatment of absolute music in the Romantic era? What is romantic about these structures? 2. How would you describe expressive devises (melody and harmony, for example) of Romantic composers of the symphony and concerto? Chapter 43, p. 382 1 . From which diverse musical styles did rock originate?
Subscribe to:
Posts (Atom)