Financial Analysis Using The Lawrence Sports Simulation Finance Essay - Free Essay Example

Sample details Pages: 6 Words: 1787 Downloads: 3 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? The art of Working Capital Management is like juggling with the cash flow and outflow, in good times and bad. In the Lawrence Sports simulation, the payment and collection periods have been compressed from the standard practice in the US to illustrate the principles of cash management (2007). Reviewing the Lawrence Sports Simulation the authors created capital policies that reduce future difficulties and made recommendation for which policy Lawrence Sports should implement. These recommendations include the following: an evaluation of the risk, contingences, performances measures that are used, and an implementation plan. Conservative Approach Don’t waste time! Our writers will create an original "Financial Analysis Using The Lawrence Sports Simulation Finance Essay" essay for you Create order In using the conservative approach, Lawrence Sports would alter much of its short-term financing to longer debt obligations. By substituting increasing rates with low fixed rates on long-term financing, this approach could keep interest low. This enables using long-term financing for some of its temporary current assets and for all long-term and permanent current assets. When asset needs are high, short-term financing would be used. When asset needs are low, they could take advantage of the opportunity to apply excess funds into more marketable securities. Since most sports are seasonal, financing a portion of its funds for particular needs on a long-term basis would build more of a safety margin (Emery, Finnerty, Stowe, 2007). Maturity Matching Approach With maturity matching, Lawrence Sports can dodge the risk of defaulting and interest rates, by matching the maturities of its assets and liabilities in the form of $1.2 million bank loans, (Emery, Finnerty, Stowe, 2007). Lawrence Sports will still have to arbitrate with the suppliers to pay back the burden of the loan and lessen the deficit of cash. No excess funds will be available by using the maturity matching. Although having excess funds would benefit the company more than having no funds, it is not recommended to use the maturity matching approach because the capital will be tied-up for the long-term, making the company less fluid. Aggressive Approach Management prefers an aggressive approach to finance working capital to raise profitability (Emery, Finnerty, Stowe, 2007). All seasonal or temporary needs are financed using short-term funds but the aggressive approach uses long-term funds to finance only the fixed part of current assets. In order to capitalize on the increased profitability provided by aggressive financing, Lawrence Sports will need concrete information and data on cash flow requirements to lessen the need for liquidity. Risk is provoked due to the potential of market fluctuations. The use of short-term loans allows for higher returns but not without added risk (Emery, Finnerty, Stowe, 2007). Recommendation It is recommended that the company implement the conservative approach based on the current policies of Lawrence Sports. This method decreases risk associated with reduced liquidity, increasing interest rates, and economic changes affecting the availability of business loans. Evaluation of Risk The optimal solution cannot be deemed successful unless the desired changes is acquired and end stated goals are met. Ongoing processes and metrics must be in place to monitor the success of the optimal solution and capital management policy. Lawrence Sports can evaluate the solutions implemented by applying basic ratios to financial statements. Checking values for debt-to-equity ratios and return on investment ratios can provide a clear picture of whether or not the company building cash reserves and investing cash in a positive manner. Other metrics include the cash conversion cycle, average collection period and accounts receivable aging. In the events the cash conversion cycle does not get reduced then Lawrence Sports will need to evaluate other areas for improvements such as the time lapse between getting the finished product delivered and the collection cycles. Longer cash conversion cycle creates greater dependencies on short-term financing to pay the bills until money is collected. A shorter cash conversion cycle would indicate the new policies are effective. Average collection period which measures the length of time from invoice issuance to the time Lawrence Sports receives payment. Monitoring the average collection period will reveal if the newly implemented credit and collection policy is effective. Accounts receivable aging summaries will define whether or not receivables are being collected in a timely manner or if further evaluations need to be done. Contingencies A contingency plan is a plan developed for a certain situation that bears unforeseen events. Businesses typically have a contingency plan that can save them when unfortunate events hit their field of operation. Plan B also helps in recovering from an unlucky position with minimum time and cost possible as well as providing a safety cushion of enough funds and appropriate amount of time to preserve cash inflows that aid in meeting payment deadlines. ÂÂ  The plan detailed herein contains three solutions that would help Lawrence Sports in this respect. Lawrence should develop a negotiation plan by sending a shrewd representative to set firm deadlines for Mayo that obligates the latter to make payments on time thus saving on interest payments for the loans obtained by Lawrence. Financing long term debts that require high interest rates should be avoided in favor of short term ones. The amount involved in such a process, more than 15% versus 10% in interest, can be devoted to other issues within the company such as paying necessary overhead or even lend the money to other business partners and make money out of this lending process. Reach-out to different partners other than the ones existing who had defaulted several times making advantage of the rapport. Mayo contributes to 95% of Lawrences sales, yet fails to make payments on time causing money shortage to their providers. Therefore, extending the arms of Lawrence to different retailers, without damaging the relationship with Mayo, is a step that should be kept within the account of the former as a wise alternative. Managing liquidity reflects any firms ability to meet its obligations as they come due (Emery, 2007). It is the art of Juggling day to day cash of a company in its endeavor to achieve its highest goals in satisfying business partners in addition to keeping its own financial concerns at the maximum level of balance. Maximization of shareholder wealth is the goal of working capital management, and it involves cash investments, marketable securities, inventories and receivables according to Emery. Lawrence Sports needs to focus on good planning as well as quicker responses (Lawrence simulation, 2007). Performance Measures for Evaluation When evaluating working capital policies at Lawrence Sports we must make many considerations. Borrowing money from banks our other companies should be avoided as much as possible. Banks will be hesitant to give money, even to big companies, in an unstable economy. The new policy must also allow the company to collect accounts receivable as much as possible. Stretching the payments due too many weeks or even into the next month could be devastating to our company. If our company has a bad month for making sales we may not have the money to support another companys debt. We must also be able to be flexible because not allowing a partner such as Mayo Retail Company could be detrimental to Lawrence Sports. If we disturb that relationship we could lose enough business to ruin our company (Lawrence simulation, 2007). Risk-Return Trade-Off When evaluating the new plan the risk return trade off principles must be considered. For example, allowing a company like Mayo Retail company extra time to pay us account has some risk but is probably worth doing to maintain a valuable relationship. What if they had outstanding payments due for months building up massive debt to Lawrence Sports? We would have to consider not risking future financial trouble with the company in hopes we would have a better working relationship with another company. The new plan must address the Risk-Return principle (Emery, Finnery, Stowe, 2007). Versatility In order for the new working capital plan to perform effectively it must be versatile. The new plan should have the ability to offer short term financing and long term financing when appropriate. A long-term partner who is trusted may be able to pay our company accounts receivable in a long-term payment plan (Emery, Finnery, Stowe, 2007). For example if Mayo Retailers is having a period of low sales they may not have the ability to pay the account immediately. The risk of doing something like this would have to be considered. A company must be trusted and have a good history of paying debts to be considered for long-term finance. Short-term collections on accounts should be used whenever possible. Also our company would be well suited to partner with companies that allow us to pay back debts long term if need be. Gartner will not allow us much leverage because we are not major customers of theirs. We may not be able to negotiate long-term payments with them. The new plan should poss ibly involve a vending partnership with Murray exclusively because involving Gartner may hurt our ability to be versatile (Lawrence simulation, 2007). Implementation When evaluating and measuring the performance of the new recommendation the previously mentioned criteria should be considered. The recommendation should focus on the risk-return principle in some aspect when implemented. Lawrence Sports must be versatile in order to borrow our make payments in a short-term our long-term fashion. Long-term payment plants can be implemented on a limited basis only. They should only be used on trusted partners who have a good history of paying money back to the company. Implementing two long-term plans simultaneously could be troublesome for our business. If Lawrence Sports has a down sales period and low accounts payable it could force the company into a money borrowing situation that puts us in debt. While one long-term payment plan is in action the other partners should be on short-term payment plans. When Lawrence Sports is paying its accounts the company should use a maximum of one long-term payment plan otherwise it is too hard to keep track of f inances. The new policy needs to be implemented swiftly but with finesse. Being too aggressive with collecting finances can strain important business relationships (Lawrence simulation, 2007). However, we have to consider the well being of our company. Constant outstanding debts owed by other companies are unacceptable. Lawrence Sports should be able to apply a flexible finance collecting policy but also be able to adapt into a more aggressive approach when necessary. Conclusion A manager handling the day-to-day cash of a company also has to balance many things like collections, bad debts, disbursements, future revenues, borrowing, and loan repayment simultaneously (Lawrence simulation, 2007). Hence, working the capital policies will help reduce future difficulties. The authors made recommendations for the following: an evaluation of the risk, contingencies, performance measures and have an implementation plan for the Lawrence Sports Simulation. It requires good planning and quick responses when managing or juggling with cash flows and outflows.

Religion Is A Major Asset Of Life Essay - 2464 Words

For us to understand the whole principle of Religion, we must delve into the different principles that it has to offer us. Religion has become a major asset in life. It has touched each and every one of us. It has influenced our lives and taught us morality, traditions, beliefs and experiences of people. The majority has been wrong many times in history. Simply going to a majority opinion on a subject like religion is not a wise thing to do. The important thing is to know what we believe in. Why and what do we believe in. We were brought up by our parents to believe in what they believe in. We usually accept those beliefs and later in life, we choose either to continue believing in them or not. This is where atheistic challenges to Religion come in. These challenges oppose the beliefs of any religion. Moreover, religion does not only consist of one category that only accepts and follow the same beliefs but it also has three other categories. These categories help us understand the si gnificance of Religious Diversity. It includes Exclusivism, Inclusivism, and Pluralism. This paper will be separated into two parts. The first part will focus on Religious Diversity, the atheistic challenges to doing Comparative Philosophy of Religion and the importance of these categories. The second part will delve into a deeper understanding of the Philosophy of Religion in which consistency, coherence and reasonableness will be defined. A.1 There are three main positions in comparingShow MoreRelatedDifferences Between Islam And Christianity944 Words   |  4 Pages†¯Manpreet Chatha Paper # 01 Religion 101 Islam and Christianity are wide spread religions in the world. Contrast based on five pillars of Islam and Christianity rituals. In this paper I will explain their differences and similarities based on Prothero and Paden, using paradigms â€Å"rituals†. The concept of rituals are more important in understanding religion. Prothero admits that Christianity is the great religion in the world this is not mean that Islam is not popular religion in fact he compare IslamRead MoreThree Western Religions and their View on Women: Judaism, Christianity, and Islam636 Words   |  3 Pagessignificant and most commonly known western religion Judaism, Christianity, and Islam in terms of the role that the woman played and a brief synopsis of the religions itself. Religion is a system of human though which usually includes a set of narratives, symbols, beliefs and practices that give meaning to the practitioner’s experiences of life through reference to a higher power, deity, or ultimate truth. Judaism, Islam, and Christianity are the only religions that are based on a single creator andRead MoreThe And Indian Passage Of The Epic Of Gilgamesh Essay1384 Words   |  6 PagesReligion is one of the most effective ways to have a positive impact on complex societies, whether it is obeying a religious figure, or following a set of rules. This is seen to be true in the Mesopotamian literature of the â€Å"Epic of Gilgamesh†, the Egyptian text of ‘Negative Confessions’, and the Indian passage of Ashoka’s â€Å"Pillar Edicts†, where religion is the central theme throughout these documents. Even though, these documents have many differences, including time, place, and overall objectiveRead MoreThe Goals of Hinduism and Buddhism Essay1368 Words   |  6 Pagesdominant? Discuss this historically (what happened and when did it happen) and analytically (why did most Indian people find Hinudism more attractive). The world has many different religions. Out of these, Buddhism and Hinduism are the most popular beliefs in the general population. Hinduism is the oldest known religion and is very rich with literally hundreds of gods, symbolistic rituals and beliefs. It is believed to have been established around 1500 B.C. but one person never founded Hinduism, asRead MoreLife And Work Of Isaac Newton1012 Words   |  5 PagesLife and Work of Isaac Newton Isaac Newton was most commonly known for his scientific endeavors, and his significant contributions in mathematics and physics. However, when Newton’s hidden documents were examined by scholars, they were in for a shocking discovery. Newton, the god of science, was obsessed with the occult and was a religious fanatic. He studied and wrote considerably more about magic and religion than science. Newton’s relationship with science, magic, and religion was unusual; despiteRead MoreChallenges of Development in Sumer and Egypt Essay968 Words   |  4 PagesEgypt was similar to Mesopotamian civilizations in many ways, but Egypt’s distinct differences led to a distinguished social systems: government, economic, and religion that contributed to the seemingly endless prosperity of the Egyptians. The Sumerians eventually fell to those civilizations that prevailed with more favoring topographic assets. Sumer was located in a region commonly referred to as Mesopotamia. The region expanded within and beside the large Tigris and Euphrates rivers, notoriouslyRead MoreThe Islamic Religion Of The Arabian Desert1505 Words   |  7 Pagesfeel inferior. He s better than me. It s about knowledge.(Hakeem Olajuwon) The Islamic religion may also be defined as your average day rollercoaster; You have your climb, your peak, your drop or fall, and of course even when this coaster has ended it still has impacted you in some sort of way. The Islamic religion arose in the Arabian Desert during the first half of the seventh century. This unique religion had essential characteristics that made it like no other, it carried an incredible transformationRead MoreInfluence Of Religion On International Trade Essay1394 Words   |  6 Pageson trade. Religion can be defined as a system of shared beliefs and rituals that are concerned with the realm of the sacred. Religion is a system that guides people’s behaviors and influence them in the way they interact with other people and the world. Religion is one important source of a society s beliefs, attitudes, and values. It teaches people how to develop qualities such as love, peace, long-suffering, kindness, and goodness. Those qualities make them an asset to society. Religion practicesRead MoreSophocles Oedipus The King847 Words   |  4 Pages1. In Oedipus the King, the protagonist, Oedipus, played a major role in the plot of this play. Both his stubbornness and his swift responses are strong qualities that he possesses, and they will prove to be both an asset to him, and a liability that will eventually lead to his demise. Before being crowned as king of Thebes, Oedipus was hailed as savior of the city after he single handedly solved the riddle of the Sphinx, and freed the city from the plague. He would be called upon o nce again toRead MoreDental Care Services For The Geriatric Population Essay907 Words   |  4 Pageshospitals and for-profit also play the important roles. A hospital that is organized in the form of non-profit corporation is referred to as non-profit hospital. Funding for non-profit hospitals comes from research/educational funds, charity, or religion. In the US, non-profits constitute 2/3rd of all urban.  In 2013, 62% of 3900 acute care nonfederal hospitals in the US, were nonprofit; 18% for-profit hospitals and 20% government hospitals (Walker, 2005). Non-profit organizations are the fourth

The Value Of Knowledge Is Greatly Diminished - 1566 Words

Anezka Boyle O’Neill IB Theory of Knowledge Period 4 11-7-15 TOK Essay: â€Å"Without application in the world, the value of knowledge is greatly diminished.† Consider this claim with respect to two areas of knowledge. Knowledge can be defined as being skills or information acquired through experiences or encounters, an awareness of familiarity gained from an experience, and a theoretical or practical understanding of a subject. The last of these definitions is more of an arguable definition. There are vast amounts of ways to gather, understand, and interpret knowledge and even more areas to apply it to. As humans, we are bound to the fate of discovering more and more about the universe through continuously accumulating and unearthing new knowledge. Humans have been able to disclose new information in a variety of manners. For the sake of this essay, I will be considering knowledge’s â€Å"application in the world† as application in the both the modern and future world. Since the beginning of time, man has had a God, or many Gods, who guide them throughout their lives with a universal set of beliefs and morals. For instance in the Christian faith, God and Jesus teach lessons of how humans are meant to act in the real world. For example, The Parable of the Lost Son (Luke 15:11-32) employs the lesson of forgiveness and love, which are teachings from the Bible. This type of knowledge gained from religious experience is meant to be utilized in the real world and not in theory.Show MoreRelatedKnowledge Management Process The Organization1561 Words   |  7 Pagesuseful is also known as knowledge management. In this, the organization is enabled to grow, adapt to changes and meet customer demands. The information age has a most certain influence on how the organization manages knowledge. This is true of whether that knowledge is unique to the organization, or shared to external organizations. Today there are various ways to collect and compile data and turn that data into useful information; however, without the use of knowledge management, then data, informationRead MoreIs It Important For Knowledge?1309 Words   |  6 Pagesthat specific knowledge not tested in the area of study I want to pursue. After all is it necessary to dive into the depths of integral calculus to become a psychology major? Yet at the same time I wondered how not exploring in depth material may hinder the understanding of complex concepts. Although, these concepts are distinct thoughts both seem to have logical questioning behind them. Thus, the dilemma of this particular thinking have lead me to ask, is it important for knowledge to be applicableRead MoreThe And Transformational Transactional Organizational Theories Of Leadership1735 Words   |  7 Pageslinks with its followers by communicating the importance of having a shared mission; and encouraging organizational commitment by its members (Garcia-Morales et al., 2012). Transformational leadership elevates intrinsic values to leadership qualities by redefining perceptions and values (Hunt Fitzgerald, 2013). The Burns Transformational Leadership Model embraces the idea of motivating followers, and seeking mutually beneficial goals through a common shared vision (Westerlaken Woods, 2013). AccordingRead MoreMulticultural Education Is An Essential Component Of School Reform917 Words   |  4 Pageslessons in human relations and sensitivity training, units about ethnic holidays, education in inner-city schools, or food festivals. If multicultural education is limited to these issues, the potential for substantive change in schools is severely diminished† (Nieto, 2012, pp. 40). Just exactly what is multicultural education and how do we as educators incorporate it into not only our classes, but into our curriculum and even more, our everyday lessons? The education system is made up of a wildlyRead MoreA New Standard For Company Culture And Success854 Words   |  4 Pages Gmail has been a huge success but Google’s initiative to reward every googler who purchased a hybrid car with $5,000 failed (Bock 324). The company has experienced, however, relatively low failures to their amount of success. They have brought knowledge to many satisfied customers and even produced a mainstream word; people say â€Å"just google it!† when they want to know something. Google also shares some of its philosophy with Netflix, another widely successful company. Netflix and Google both haveRead More Traditional vs. Modern Society Essay example817 Words   |  4 Pagesheritage. Marriage in these societies is usually based on the best dowry, rather than being based on love like most modern marriages. Traditional societies believe that family heritage is what holds a family together. These societies have ascriptive values, meaning to follow their familys ancestry and way of life. In modern culture, an individual has the power to decide for him/herself as to what he/she wants to attain in life - including an education, career and mate. To those of us living in a modernRead MoreThe Effect Of Various Shading Conditions On Absorbance951 Words   |  4 Pagesin absorbance over 50% shaded. Since each shading condition did result in a significant decrease in percent change of absorbance, shading techniques can be used to prevent superfluous vegetation growth because a decrease in percent change showed diminished activity of Photosystem II which reduces the ability for a plant to grow. The purpose of this experiment was to observe the effects of shading on the rate of activity of Photosystem II. Photosystem II is part of the light dependent reaction ofRead MorePride and Prejudice and Letters to Alice on First Reading Jane Austen.1574 Words   |  7 PagesPrejudice and Letters to Alice on First Reading Jane Austen.’ Compare how these texts explore relationships identity. Through the contextualisation of texts, connections can be made which reinforce or challenge responder’s perspectives on universal values. Universal truths carry meaning which are able to transcend changes in social, cultural and historical context in order to continue influencing responders of today. The importance of relationships within the lives of individuals within society hasRead MoreTheories and Philosophies of Human Resources Development1319 Words   |  6 Pageswhich can then be contributed to the organization, are strong human assets. Such assets greatly enhance the potential for the organization to function on a proficient level and to advance economically. Human capital development, then, is the progress of employees’ skills and assets that can be contributed to the organization. In order to better develop an organization’s human capital or, in other words, the value of the employees an organization has, it is important for organizations to offer trainingRead MoreEssay about Full-Range Leadership Model 1028 Words   |  5 Pagesto the ongoing issue. It is also likely that the trend of accidents began because of LF leadership. Since there was not a trend of accidents before, there was little or no attention paid to driving safety at that time, and this likely created a diminished focus on driving safety. In order to address this problem, I plan to use various styles of transformational leadership to kludge the Wing Safety office into a cohesive and effective team. To start, it is critically important to use an Inspirational

Nightingales Definition Of Nursing - 1078 Words

Nursing is defined differently by everyone, but each definition has similar components. Florence Nightingale says, I use the word nursing for want of a better. It has been limited to signify little more than the administration of medicines and the application of poultices. It ought to signify the proper use of fresh air, light, warmth, cleanliness, quiet, and the proper selection and administration of diet -- all at the least expense of vital power to the patient. (1860) Nightingale’s definition of nursing is fairly simple and is made up of concepts that are common sense, especially in regards to nursing. She also says that anything that may be wrong with the patient is not usually the fault of the illness, but the nurse’s fault. â€Å"If a patient is cold, if a patient is feverish, if a patient is faint, if he is sick after taking food, if he has a bed-sore, it is generally the fault not of the disease, but of the nursing† (1860). I agree with Nightingale’s definition of nursing for the most part, but I think nursing is much more than that. I really like how Theresa Brown defines the role of a nurse, â€Å"Doctors heal, or try to, but as nurses we step into the breach, figure out what needs to be done for any given patient today, on this shift, and then, with love and exasperation, do it as best we can† (2010, p. 11). Originally, I believed that the definition was to caring for patients. Upon reexamination of my or iginal definition, I believe that nursing is taking responsibilityShow MoreRelatedSummary and Critique of The Timelessness of Nursing Theory1302 Words   |  5 PagesAnnotated Bibliography of Two Nursing Articles Summary and critique of The timelessness of nursing theory by Sandra Schmidt Bunkers. This article by Bunkers examines the ways in which nursing theory as articulated by Florence Nightingale and supported by Rosemarie Parses theoretical modeling can be understood as being timeless and to what extent it should be considered as rooted in a particular historical moment and cultural context. Bunkers draws on both her academic and professional expertiseRead MoreThe And Background Of Nightingale1740 Words   |  7 Pagesthat the evolution of nursing began with Florence Nightingale. She has been awarded the title of the founder of modern day nursing, and many of the practices she implemented in an effort to improve patient care, has molded nursing practice into what is it today. The purpose of this paper is to summarize the credentials and background of Nightingale, review her environmental adaptation theory, and identify sources of her theory. We will also state the major concepts/definitions of the theory as wellRead MoreFlorence Nightingales Theory And The Four Concepts Of Nursing1649 Words   |  7 PagesFlorence Nightingale’s Theory The Four Concepts of Nursing Introduction Florence Nightingale, or as soldiers on the battlefield would call her the â€Å"Lady with the Lamp†, was an inspirational women of the nineteenth century that had many aspirations and dreams concerning the care of others. Achieving these dreams by â€Å"facilitating the reparative processes of the body by manipulating the patient’s environment† (Potter Perry 2009, p. 45); Nightingale laid the foundations of modern nursing and gaveRead MoreEnvironmental Theory : A Patient Care Theory Essay1521 Words   |  7 PagesEnvironmental Theory: A Patient Care Theory Lindsey Wilson Nursing 451 Professor Speer September 11, 2016 Abstract The field of nursing has changed in incredible ways over the course of time. Of all the people who have dedicated their lives to nursing, Florence Nightingale is the most well-known. Nightingale began to recognize a correlation between patient deaths and patient environment, so she worked to develop the Environmental Theory of nursing. This theory focuses on aspects of the patient’sRead MoreFlorence Nightingale s Theory Of Environment1553 Words   |  7 PagesFlorence Nightingale’s Theory of Environment A discussion in nursing theory must be preceded by a general definition of theory because in order to understand nursing theory one must have a general knowledge of what theory is. When the word theory is looked up in the Merriam-Webster dictionary there are six definitions that are provided: 1 : the analysis of a set of facts in their relation to one another 2: abstract thought 3: the general or abstract principles of a body of fact, a science,Read MoreTheory Exemplar of Florence Nightingale1726 Words   |  7 PagesPurpose of the theory:â€Å"everyday sanitary knowledge, or the knowledge of nursing, or in other words, of how to put the constitution in such a state as that it will have no disease, or that it can recover from disease.† * Main focus was the control of the environment of individuals and families, both healthy and ill. * Because it explains the totality of the behavior. Origins of theory: Nightingale’s model of nursing was developed before the general acceptance of modern disease theories (ieRead MoreNursing Theory And Its Impact On Nursing899 Words   |  4 PagesNursing in itself is a very complex profession, with many different influences shaping it since its inception. These influences play a major part in defining what exactly nursing is. One of these key factors is nursing theory. Theory has many different definitions, but for the sake of this article, theory will be described as the â€Å"rigorous and systematic structuring of ideas that conveys a view of a phenomenon (Power, 2016).† In this case, that phenomenon is nursing. Theory is essential to developingRead MoreStrengths And Weaknesses Of Nursing1644 Words   |  7 PagesStrengths of Nursing Theories Florence Nightingale, Martha Rogers, Dorothea Orem, Joyce Travelbee, and Jean Watson have advanced the nursing profession in the areas of practice, research, and education. These nurses have contributed to the nursing profession in that they exemplified why nursing theory and evidence-based practice is important to nursing practice, research and education. Each theorist and their theories are unique in the art and science of the nursing profession. Nightingale,Read MoreMy Nursing Philosophy : A Basis Of Understanding For Professional Nursing1225 Words   |  5 PagesMy Nursing Philosophy Developing a basis of understanding for professional nursing is where you start to achieve the best practices and outcomes† (Alligood, 2014, p. 56). In order to develop a personal nursing philosophy there are a few basic ideas to consider. One must examine their own personal values and beliefs about nursing and all that it encompasses. Throughout this paper the focus will be to discuss a personal nursing philosophy, which is believed to be the core characteristics of any nursingRead MoreEssay about What Is Nursing Professionalism?1482 Words   |  6 PagesAbstract Despite the vast research on nursing profession, little is known about the depth of the responsibilities of nurses to the public. The majority of the society seems to still perceive nurses as â€Å"the one who wipes butt† or â€Å"the pillow fluffer†. They have very little understanding of what nurses really do and to how far nursing field have gone. The overall image of the nurses that emerges from the society is negative and we must fix that. With the research articles provided, these will give

Entrepreneurship & Starting a Business-Free-Sample for Students

Questions: 1.Provide Comprehensive descriptions of your proposed Business Idea by highlighting2.Explain the different sources available for generating new Business Ideas and highlight the one you adopted the one you have adopted. 3.Describe any three forms of Finance and their sources that you may consider using for your chosen Business Idea. 4.Identify any 5 elements of the Promotional Mix and discuss how your Business can utilize them. 5.Five factors which will influence your Businesses Pricing. Answers: Introduction Food is a basic necessity for every person and people are always ready to indulge in great food and treats making it a lucrative business idea. This makes it the perfect business to consider starting up and highly likely to succeed if the idea is well planned. Some of the major factors leading to business failure are a high rental, labour and utility costs but the following business proposal helps eliminate these added expenses and helps convert the business success rate from 25% to over 70%. The proposal involved starting up a mobile fast food stall which would eliminate rental and utility costs allowing the venture to rapidly expand with low capital(Sant, 2012). 1.As opposed to traditional food stalls and restaurants, starting a mobile fast food stall helps eliminate monthly over heads costs like rental, labour and utility bills. In addition to cutting costs, the food van delivers incredible flexibility by allowing the business owner to set up shop at prime locations without needing to pay high rents. The business would target central business and shopping districts consisting of high population densities and would be mobile thus allowing the fast food stall to move to different locations, allowing the business to tap into a maximum number of clients(Gagliardi, 2006). There are already multiple mobile food stalls in most major cities but the demand for good, tasty and hygienic food is still high leaving lots of opportunities for new businesses to be established and expand. Positive and Negative Macro environment factors Some external Macro environmental factors likely to influence the business include: Flexible Competitiveness The fast food stall would be capable to visit prime locations and events which maximize sales. Government Policies The fast food vans require specialized and additional licensing such as a mobile food staff hygiene clearance certificate. Social and cultural forces Would need to target a universal social and cultural clientele thus not be capable of specialization Demographic factors Would not have fixed locations, therefore, needing to inform loyal clients on their daily route plan and location Technological Advancement Heavily dependent on mobile technology, applications and networking for communication to inform clients of daily menus and location. 2.Opportunities to start up a successful business are all around us but the entrepreneur needs to maintain an open mind towards identifying the opportunities(Publications, 2014). Today the internet has helped open up huge opportunities for every individual leaving it upon the individual to search for available opportunities to start a business and generate high income. Business opportunities should not be limited to availability of capital but rather should focus on the availability of resources and how they can be exploited to generate income. The internet and digital technologies can here for be termed as being the most important resources which can be used by entrepreneurs the identification information and ideas for highly demanded businesses 3.Capital is a basic requirement any entrepreneur requires to start a businesss venture, three forms of finance and entrepreneurs should have access to be listed below(Macchiavello, 2017). Personal Saving The first option for financial funding to start businesses should be the savings. Every person has the potential of generating income through employment which allows them to gradually save money to invest in the business. Capital from Assets Sales Invest extra income and savings into non-cash assets such as property, Gold, and diamonds. These can be cashed later to deliver financial capital. Credit Card/ Personal Finance Maintain a good credit rating which will help deliver quick access to personal loans and finance 4.Advertising The business would be advertised on the local news channels and print media which would create awareness among local clients regarding the new business(Lamb et al., 2011). Public relations The business owners and staff must build a close relationship with each of their customers. This allows the business and clients to build a connection and helps promote customer loyalty. Social media marketing The social media can be used to update loyal customers on the day's menu and available locations thus helping increase customer turnout. Direct marketing Their business would also have a staff member distributing fliers to pedestrians and office staffs in the regions which will help create additional awareness. Customer recommendations Happy customers are an important promotions element as they help to recommend a business if satisfied with products and services. Keeping the customer happy is there for important promotional tools which the business would rely on to promote it clientele. 5.Overhead costs Pricing is greatly influenced by a businesss overhead costs. The need to pay rent, Staff wages and utility bills all contribute towards determining the finish products or services costs. Staffing and labour Staffing and labour are also contributed towards determining a business product or service costs making it important to establish a business which has access to an abundance of skilled professionals rather than dependant on a handful of individuals. Raw materials Raw materials availability, quality, and purchase also contribute towards finished products and services pricing. Capital investment recovery The rate at which capital investment is recovered also determines a finished products pricing. Short recovery periods resulting hiking the finished products prices to secure higher profits. Target profit margins The targeting profit margin also determines the finished products final costing. Low profits mean more affordable products while high-profit returns hike the finished products pricing. Conclusion Identifying and starting up a successful business is influenced by many factors making it important each is carefully evaluated before the businesses plans are finalized and implemented. Bibliography Gagliardi, G., 2006. 9 Formulas for Competitive Business Success: The Science of Strategy. 1st ed. Seatlle: Science of Strategy. Lamb, C.W., Hair, J.F. McDaniel, C., 2011. Essentials of Marketing. 7th ed. Mason: Cengage Learning. Macchiavello, E., 2017. Microfinance and Financial Inclusion: The challenge of regulating alternative forms of finance. Oxon: Routledge. Publications, P., 2014. Entrepreneurship and Starting a Business. Toronto: Productive Publications. Sant, T., 2012. Persuasive Business Proposals: Writing to Win More Customers, Clients, and Contracts. 3rd ed. AMACOM Div American Mgmt Assn.

Greek Architecture Essay Paper Example For Students

Greek Architecture Essay Paper Architecture represents the time period or culture for which it was built. The Berlin article discussed some interesting details concerning the rebuilding of their culture. There were many famous architect who had different views on how Berlin should be built in order restore the culture of the past. â€Å"This is Berlin?s â€Å"Capital Dilemma† the title of a new book by author Michael Wise, who examines the quest to develop building which are fitting to united Germany?s new status in Europe, while stressing a break with its turbulent history.† This quote from the Berlin article shows that architects wanted to rebuild Germany to reflect their culture of the past, present, and future. The architecture must show styles of the past so that people of the future can reflect on events that took place in the past. Greek architecture shows many different styles depending on the time period. The Basilica and The Temple of Poseidon are both Doric temples but are very different in structure. The Basilica?s columns are more burdened by their load than those of the Temple of Poseidon, so that the contrast between the supporting and supported members of the order is dramatized rather than balanced, as it is in later building. The Parthenon is the greatest Doric Temple that was completed before the Peloponnesian War. The Parthenon was dedicated Athena, the patron deity in whose honor Athens was named. This work of art dominated Athens and the surrounding countryside. Unlike any other Temple the Parthenon contains columns that represent both Doric and Ionic Architecture. The Ionic Temples are the next order of Greek Architecture. The Ionic columns are lighter and more graceful than the Doric columns. The Parthenon enjoys the reputation of being the most perfect Doric temple ever built. The temple stands on the conventional three steps, below which the foundation platform originally created for its predecessor remained visible on the west, south and east sides of the building. The cella consisted of two rooms end to end with porches. Inside the colonnades, towards the end, there stood the gold and ivory statue of Athena Parthenos, the work of Phidias, representing Athena fully armed with spear, helmet, aegis and, accompanied by a snake, and holding in her extended right arm a statue of victory. The ceiling was of wood, with painted and gilded decoration. The most exceptional Ionic building on the Acropolis is the Erechtheum, to the north of the Parthenon. Built about 420 B.C., the temple was regarded with special veneration. Its site was particularly sacred, for it included the tomb of Cecrops, the legendary founder of Athens, the rock that preserved the mark of Poseidon’s trident, and the spring that arose from it. In a walled area just to the west of the temple stood the sacred olive tree of Athena. The building’s complexity of plans and levels can be partly understood from this complicated archaeology, as well as from its having housed not only a shrine to Athena Polias, but also altars to Poseidon, god of the sea; Hephaestus, god of fire; Erechtheus, a mythical king of Athens, who had battled unsuccessfully with the sea god; and Butes, brother of Erechtheus and priest to Athena and Poseidon. Moreover, spoils from the Persians were kept in the temple, as well as the famous golden lamp of Callimachus, which burnt for a year without refilling and had a chimney in the form of a palm tree. In comparison to the Doric Order, the Ionic Order contains columns that are more decorative and less weight bearing which intern gives them a famine look. .ufe8e0c0cc540b999161f9ccf64646970 , .ufe8e0c0cc540b999161f9ccf64646970 .postImageUrl , .ufe8e0c0cc540b999161f9ccf64646970 .centered-text-area { min-height: 80px; position: relative; } .ufe8e0c0cc540b999161f9ccf64646970 , .ufe8e0c0cc540b999161f9ccf64646970:hover , .ufe8e0c0cc540b999161f9ccf64646970:visited , .ufe8e0c0cc540b999161f9ccf64646970:active { border:0!important; } .ufe8e0c0cc540b999161f9ccf64646970 .clearfix:after { content: ""; display: table; clear: both; } .ufe8e0c0cc540b999161f9ccf64646970 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ufe8e0c0cc540b999161f9ccf64646970:active , .ufe8e0c0cc540b999161f9ccf64646970:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ufe8e0c0cc540b999161f9ccf64646970 .centered-text-area { width: 100%; position: relative ; } .ufe8e0c0cc540b999161f9ccf64646970 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ufe8e0c0cc540b999161f9ccf64646970 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ufe8e0c0cc540b999161f9ccf64646970 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ufe8e0c0cc540b999161f9ccf64646970:hover .ctaButton { background-color: #34495E!important; } .ufe8e0c0cc540b999161f9ccf64646970 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ufe8e0c0cc540b999161f9ccf64646970 .ufe8e0c0cc540b999161f9ccf64646970-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ufe8e0c0cc540b999161f9ccf64646970:after { content: ""; display: block; clear: both; } READ: The Parthenon - The Nashville Replica EssayCorinthian is the last order of Greek Architecture . In the beginning of the Corinthian order, the new style of columns were used only on the inside of buildings. About a century later, Corinthian capitals took over Ionic Columns on the exterior of buildings. The Corinthian columns are engaged rather than free-standing, to make the monument look more compact. Doric, Ionic, and Corinthian each represent a new period of Greek Architecture. This shows people how architecture advances from the past to the present. In the Greek culture each temple represents a certain God or Goddess from Mythological Time. Also, each city had their own patron God or Goddess. Architecture is a very important aspect in determining a specific culture and time period. Greek architecture is split up into three distinct periods. Each period had a specific style and design which makes it unique. This is the reason the people of Berlin are concerned with the way in which their city is rebuilt. They want people to think of Berlin as a historical site where many important events have taken place. The architects wanted to restore the past and at the same time create architecture of the future. In my opinion it is very important for people of the future to be able to learn about the struggle that the people of Berlin went through before they were unified.