Evaluating A Good Candidate For Their Organization

Structured Interviewing Analysis There are many different interviewing processes that companies use to determine who qualifies as a good candidate for their organization. Interviewers must be knowledgeable in their career and prepare a unique set of predetermined questions that appertain to what the company is looking for in future employees. In a thorough search about structured interviews, also known as a â€Å"standardized† interview, several components and coding words attracted more attention than orders. Structured interviews are also identified in research as â€Å"situational†, â€Å"behavioral†, â€Å"patterned†, â€Å"systematic†, and â€Å"structured situational.† Structured interviewing is believed to be the better choice of interviewing styles, as†¦show more content†¦In unstructured interviews it is easy to stray from important questions because the conversation can go anywhere and is very informal. The author of struct ured interviews, discusses the structured interview process from beginning to end, to include preparation prior to the interview and different types of questions that should be asked to the applicant. He believed that all questions that pertained to the job should be asked first, such as assessment, assumption, and detailed organizational inquires. Those questions should hold priority over more relaxed questions pertaining to the individual. Several meta-analyses reviews reveal that â€Å"structured† interviews are valid and reliable (†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦). Research has taught human resource students, employees, and many other people that there is a lot to be learned about the interview process still. Human Resource Management is responsible for a company’s development, growth, and hiring procedures. It is their job to ensure the attainment of the role needed for the company’s goals and that the candidate contributes to the overall success of the organiz ation. Good employees will advance company’s performances and save them money, making them more successful in the long haul. Several different components of the research are all evaluated on validity, reliability, and applications reactions to different types of questions (†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..). Though these

Sir Gawain And The Green Knight Essay - 1020 Words

Heroic stories in English literature have unmatched fame because of the traits that the heroes exude. Both Sir Gawain, from â€Å"Sir Gawain and the Green Knight† translated by Marie Borroff, and Beowulf, from Beowulf translated by Burton Raffel, serve as heroes in different times of Medieval English Literature. Many of the basic principles that describe heroes in Medieval Literature are seen in both of these characters even though they were written in different times. There are distinct similarities, differences, and also a progression of what the hero was in English literature, between Sir Gawain and Beowulf. Sir Gawain and Beowulf both represent the greatest and most basic necessities of heroes in Medieval Literature, which shows numerous similarities between each hero. One of the first shared traits seen between the two is bravery. Beowulf shows his unmatched bravery is his first battle when he says, â€Å"Grendel is no braver, no stronger than I am! I could meet him with my sword; I shall not, easy as it would be†¦ I will meet him with hands empty.† (Raffel lines 677-683). Sir Gawain shows his initial bravery with his willingness to stand up for King Arthur when he says, â€Å"Would you grant me the grace to be gone from this bench and stand by you there.† (Borroff lines 117-118). Sir Gawain stands up for King Arthur knowing that it will be a blow for a blow with an axe, which has a great chance of bringing death upon him. This willingness to give up his life for his king is aShow MoreRelatedSir Gawain And The Green Knight1359 Words   |  6 PagesIn the poem â€Å"Sir Gawain and The Green Knight,† a protagonist emerges depicting an Arthurian knight named Sir Gawain. Sir Gawain, King Arthur’s nephew, takes initiative by accepting the challenge requested by the Green Knight in place of his uncle. He undergoes a perilous adventure, seeking for the Green Knight to receive the final blow. Although Sir Gawain is not view ed as a hero for his military accomplishments, he is, however, viewed as a heroic figure by the Knights at the Round Table for hisRead MoreSir Gawain And The Green Knight862 Words   |  4 PagesIn Sir Gawain and the Green Knight, by an unknown author referred to as the â€Å"Pearl Poet,† we are introduced to Sir Gawain. Gawain is a knight of the Round Table and he is also the nephew of King Arthur. As a knight, Gawain is expected to possess and abide by many chivalrous facets. Throughout the poem he portrays many of the qualities a knight should possess, such as bravery, courtesy, and honor among others. Because of his ability to possess these virtues even when tempted to stray away from themRead MoreSir Gawain and the Green Knight1100 Words   |  5 PagesThe poem of Sir Gawain and the Green Knight compares a super natural creature to nature. The mystery of the poem is ironic to the anonymous author. 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Sir Gawain and theRead MoreSir Gawain And The Green Knight1514 Words   |  7 PagesSir Gawain and the Green Knight is an epic poem written in the mid t o late fourteenth century by an unknown author. Throughout the tale, Sir Gawain, a Knight at the Round Table in Camelot, is presented with many hardships, the first being a challenge on Christmas by a man in which, â€Å"Everything about him was an elegant green† (161). This â€Å"Green Knight† challenged someone in Camelot to accept his game which they will chop off his head with his axe and the Green Knight will do the same to the playerRead MoreSir Gawain And The Green Knight1335 Words   |  6 PagesSir Gawain: The Ironic Knight Sir Gawain and the Green Knight is a tale of the utmost irony in which Sir Gawain, the most loyal and courteous of all of King Arthur’s knights, fails utterly to be loyal and courteous to his king, his host, his vows, and his God. In each case, Sir Gawain not only fails to perform well, but performs particularly poorly, especially in the case of his relationship with God. Ultimately, Sir Gawain chooses magic over faith, and by doing so, shows his ironic nature as aRead MoreSir Gawain And The Green Knight906 Words   |  4 Pagesusually the latter. In Sir Gawain and the Green Knight we see Sir Bertilak go off to hunt three very specific animals as a game with Sir Gawain. They agree that â€Å"what ever [Bertilak catches] in the wood shall become [Sir Gawain’s], and what ever mishap comes [Sir Gawain’s] way will be given to [Bertilak] in exchange.† (Sir Gawain†¦, ln 1105-1007). In this deal we slowly see Gawain loose his honor as paralleled with Sir B ertilak’s hunt. The first animal that is hunted by the knight is a deer, while thisRead MoreSir Gawain And The Green Knight Essay1521 Words   |  7 PagesFall 16 Donnelly Many years ago, knights were expected to form a certain type of relationship with their king, this relationship was otherwise known as fealty. Fealty is a knight’s sworn loyalty to their king (in other words a loyal relationship should be formed between the two). The use of this relationship is shown in the poem called â€Å"Sir Gawain and the Green Knight† ( the author is unknown). This poem has a classic quest type of formula, with a knight receiving a challenge and then going outRead MoreSir Gawain And The Green Knight1455 Words   |  6 PagesHowever, for Gawain in Sir Gawain and the Green Knight temptation existed around every corner while he was playing the game of the Green Knight. Temptation existed every day and each day it existed in a new way. Gawain never knew what was coming his way throughout the grand scheme of the game, but one thing was for certain he was being tested. Without his reliance religious faith and dedication to his reputation, Gawain wo uld not have been able to make it through the game of the Green Knight alive andRead MoreSir Gawain And The Green Knight1152 Words   |  5 PagesIn the medieval poem Sir Gawain and the Green Knight, translated by Brian Stone, the idea of righteousness pervades Sir Gawain’s quest. The poem was first written in Arthurian England, where the knights are expected to follow the code of chivalry, which tells them how to behave. Sir Gawain, the main character, is no exception, as every decision he makes follows that code of chivalry, save one. He is then punished for that one foolish choice, suggesting that a man must strive to be chivalrous, even

Research on Atlas Honda Free Essays

string(41) " skills acquired during my ACCA studies\." OXFORD BROOKES UNIVERSITY An analysis of the financial situation of ATLAS HONDA Ltd. Introduction The topic chosen by me for the research and analysis project is AN ANALYSIS OF THE FINANCIAL SITUATION OF YOUR CHOICE OF ORGANISATION. The reason for choosing this topic is that I am very comfortable with financial techniques and methods that are used to carry out financial analysis. We will write a custom essay sample on Research on Atlas Honda or any similar topic only for you Order Now Financial courses covered in ACCA part 1 and 2 were of key interest to me. The organization selected for the financial analysis is ATLAS HONDA LIMITED being the market leader in the motorcycle industry in Pakistan. The company attracted me to be selected for the project because the company is the leading company in the motorcycle industry with few unestablished competitors. The company is a public limited company with an annual turnover of Rs6,977. 4 millions, which makes it a leading company of public sector in our country. As the project is related with financial analysis of the company it is easier for me to apply the financial tools learned in ACCA. It is easier for me to examine the financial position of Atlas Honda Ltd, as the management of the company is willing to provide me with sufficient financial data that will aid in carrying out a financial analysis. As this is public limited company information related to the company is also available through different magazines, government agencies, credit rating agencies (pacra), industry experts and websites. Atlas Honda Ltd is a company of Atlas group of companies. The foundation of the Atlas Group was laid in 1962 with the establishment of Shirazi Investments (Pvt) Limited with a capital of half a million rupees and three men doing business in trading shares and real estate. (www. atlasgrouppk. com) Atlas Honda Ltd was incorporated as a public limited company on October 16, 1962 and its shares are listed on Karachi and Lahore Stock Exchanges in Pakistan. Atlas Honda Limited is a joint venture between the Atlas Group and Honda Motor Co. , Japan. The merger of Panjdarya Limited and Atlas Autos Ltd created the company in 1991. The Atlas Group established both these motorcycle-manufacturing concerns. (www. atlasgrouppk. com) Atlas management is striving to modernize company operations by adapting applicable aspects of research and theory and more specially, Honda’s unique philosophy of hard/soft technologies to the realities of Pakistani conditions. Company management structure, systems and processes are changed according to the demands of the customer, growth and new technology. www. atlasgrouppk. com) Atlas Honda Ltd is a dynamic, profitable and growth oriented company through market leadership, maximizing export and excellence in quality and service. The company ensures attractive returns to equity holders, reward employees according to their ability and performance. Atlas Honda Ltd fosters a network of researchers and engineers ensuing unique contribution to the development of the industry. The company ensures custom er satisfaction and protection of the environment by producing emission friendly green products. The company aims to remain a good corporate citizen fulfilling its social responsibilities in all respects. Atlas Honda Ltd also received the best corporate report excellence awards in the engineering sector by the joint committee of ICAP/ICMAP. (Annual Report 2003) The company quality is gaining greater acceptance globally year after year the company takes it as a national cause to make â€Å"MADE IN PAKISTAN† accepted and Atlas Honda Ltd respected all the over world. An increase of 52% in exports on year-to-year basis is an indication of the growing popularity of the company products globally. Atlas Honda Ltd as being a market leader in motorcycle industry recognized the fact that excellence in business is dependent on the quality of human resource. As a result the company has continued to invest in development of its manpower over the years. The company has a well spread out service network of antenna shops, service dealers and four strokes mechanics with a combined strength of well over five thousand service points all over the country which has successfully covered the needs of company costumers. The network of 5S (Sales, Service, Spare parts, Credit and Second Hand Exchange) dealers all over country has given Atlas Honda Ltd a competitive edge over other players of the automotive industry. Due to the greater customer care and after sales service the customers of Atlas Honda Ltd are more obliged and satisfied then with any of the other competitors. As every market leader company Atlas Honda Ltd duly complies with the standards of safety health and environment (SHE). Sizeable capital expenditure was made by the company to install various equipments at assembling plants to minimize the risk of haphazard. The vision of Atlas Honda Ltd is to remain a leading group through effective use of its resources, technology and good business practices; attract and retain high quality people by developing them to their fullest potential; always keep the customer in their highest esteem and to give attractive returns to the share holders through a sustained growth of profit. (www. atlasgrouppk. com) The auto industry has been a major beneficiary of the macro economic stability of the country. The unprecedented reduction in the cost of the funds has helped promote greater consumer financing for automotive products. Atlas Honda Ltd has taken some tough decisions in enhancing the total customer base as well as dealing with the menace of the unauthorized sector. The motorcycle market has under gone a severe change in the last year. Ninety percent of the market is dominated by established brands from the organized sector. The players in the organized sector consist of the traditional Japanese manufacturers as well as a couple of Chinese assemblers and all are members of officially recognized Pakistan Automotive Manufacturers Association (PAMA). Annual report 2003) The aim of the report is to apply the tools learned in ACCA and to carry out practical work in a real time company. Through this report I will have exposure to Pakistan industry that will help me in the development of skills acquired during my ACCA studies. You read "Research on Atlas Honda" in category "Free Research Paper Samples" The report also aims to critically view the financial statements in order visualize that adequate returns a re available to shareholder, company is a going concern, company is generating sufficient profits, assets of the company are well managed and guarded by the management in the best interest of the share holders. I will also review that the best practices of management stewardship is carried out to ensure that the company is maintaining the best practices of corporate governance. The objective of the report is to carry out financial analysis of Atlas Honda Ltd for the year 2003. The financial analysis has been carried out by using financial techniques such as ratio analysis, trend analysis and vertical analysis on the data available in the annual report of the year 2003 of the company. INFORMATION GATHERING Information gathering is the process through which processed and meaningful data is available to carry out the required task. Extensive amount of information is available through Internet, media, newspapers and other business magazines. These all sources of information these days make the process of information gathering simple. There are two main source of information gathering through which information is gathered, first is my personal visits and meetings with the different personnel’s in the company and secondly the financial statements available in the stock exchange on which the company is listed and also the data available through print media publicly. The information gathered depends on the reliability of the source from which it is gathered. These both sources are reliable to gather authentic information. Information was also obtained from credit rating agencies such as (pacra) and industry experts. Some government agencies also hold information relating to companies such as Securities and Exchange Commission of Pakistan (SECP). The financial statements and print media information used for the report are for the period ended 2003,the broachers of Atlas Honda Ltd, financial and business news papers such as THE NEWS BUSINEES PAGE, DAWN BUSINESS PAGE. As Atlas Honda is a leading company in the motorcycle industry information relating to the company is also available through different business magazines such as the Gulf Economist. They are good source of reliable information, that too with a critical viewpoint about the company. Information relating to Atlas Honda is also available through Internet by access to sight www. atlasgrouppk. com that makes it easier to be familiar with the company and have access to the financial and other authentic information that helps in the effective completion of this research and analysis project. Published documents of Atlas Honda Ltd provides a reliable method of data collection through which sufficient financial data can be collected easily so that financial analysis can be conducted in a effective way. Interview is very effective means of gathering information, providing precise and accurate data. Interviews with the officials of Atlas Honda also provided quality information that helped me to have a sufficient knowledge about Atlas Honda, about its financial position, where it stands in the market, its new competitors in the motor cycle ndustry, its adequate returns to share holders, about its expansion of the business and its unique 5S(service) network that give Atlas Honda Ltd edge over its competitors. ANALYSIS The analysis stage of the report carries critical view of the financial statements to ensure that adequate returns are available to share holders, assets are properly utilized by the management and are depreciated as par the accounting policies of the company, th e company is financially sound and that investors have confidence in the company. There are few un established competitors of Atlas Honda with little penetration in the market. The ratios are computed on the basis of audited financial data for the year 2003. PROFITABILITY The profitability of any company is the key concern to the shareholders and to its employees and is also the symbol of market leadership for any company in the market. I have analyzed the profitability trend over the period of 8 years. The key ratios during the 8 years that demonstrate profitability are Profitability 2003 Gross Profit Ratio (%) Profit Before Tax (%) Profit After Tax (%) 14. 7 9. 3 6. 1 2002 13. 3 7. 1 4. 9 TABLE: 1 2001 9. 7 4. 3 2. 5 2000 10. 4 3. 0 1. 1999 11. 6 5. 3 3. 6 1998 12. 4 5. 6 3. 7 1997 1996 11. 3 5. 4 3. 6 10. 9 5. 7 3. 3 There is a constant increase in the gross profit during the first 3 years 1996 to 1998 but the year 1999 had a slump causing a decline for the next 3 years up till 2001. After that huge recovery has been made by the company with G. P Ratio from 9. 7 in 2001 to 14. 7 in 2003. Corresponding increase in cost and the relationship between profits and cost reveal that the profit before tax was almost half (5. 7) to 10. 9 in the year 1996 and this relationship is maintained in 2003. On the other hand the operating profit have not shown a considerable growth in comparison to the tax rates as shown by the relationship between G. P ratio and profit after tax. In the year 1999 it was 1/3rd to the G. P ratio but has increased to come up with ? of the G. P ratio. This indicates that the company is trying to improve its profit by maintaining its cost but the increase in taxes has jeopardized the efforts and consequent increase in profit after tax has not been obtained. Returns to Shareholders The returns are of key interest to shareholders as they invest in the company that gives more returns than the other. Atlas Honda distributed 5% of its total wealth to its shareholders in the year 2003. The company proposed a cash dividend of Rs. 7 per share. The return on capital employed, Earning per share (E. P. S), Price earning ratio, their trend can be seen below in the table. Returns to share holders 2003 ROE – Before Tax (%) 60. 5 2002 49. 8 TABLE: 2 2001 31. 5 2000 17. 4 1999 32. 7 1998 39. 6 1997 48. 0 1996 61. 0 ROE – After Tax (%) 39. 7 34. 1 18. 3 10. 3 22. 3 26. 1 31. 8 35. 0 Return on Capital Employed (%) 34. 2 29. 8 14. 7 7. 6 17. 3 18. 7 23. 4 28. Market Price 80. 00 40. 05 25. 00 19. 25 19. 25 30. 00 31. 00 27. 00 E. P. S – After Tax – Rs 20. 91 13. 24 8. 07 4. 12 8. 45 8. 60 9. 41 8. 41 Price Earning Ratio 3. 83 3. 03 3. 10 4. 67 2. 28 3. 49 3. 29 3. 21 Industry Average . P. E Ratio 3. 21 3. 14 3. 52 3. 50 2. 14 3. 31 3. 27 3. 25 The Return on equity before tax ratio showed a downward trend and declined from 61% to 17. 4% in 2000,there by recovering to a satisfactory figure of 60. 5% in 2003. The ROE after tax declined from acceptable figure of 35% in 1996 to a dangerous level of 10. % in 2000 and reaching a satisfactory figure of 39. 7% in the year 2003. Earning per share is widely used to measure the performance of the company over a number of years. E. P. S of Atlas Honda started to decline after 1997 and declined to a poor figure of 4. 12,there by up streaming to the figure of 20. 91,compariably stronger than last year due to improved profits. Price Earning ratio shows partial ups and downs through years not having significant variation except 1999 where it shows a downward trend, showing a healthy upward trend in 2000. This indicates that the investors have a strong confidence in the company abilities to maintain the earnings. Overall the P/E ratio of the company is above the industry average as indicated in table 2. The market price of the shares has grown rapidly and has become twice as compared to the last year, which indicates people’s confidence. Cash Flow situation The cash flow statement with the same importance as profit and loss account and balance sheet is used to emphasize the difference between profit and cash. Cash flows, including net present value calculations, have always been a popular management tool. The situation of the company cash flow showed that net cash generation from operations increased to Rs. 724. 20 million as compared to Rs. 519. 34 million last years. Increased net income and customers’ advances created a positive impact on the net cash provided by operations. Net cash used in investing activities decreased to Rs. 67. 53 million compared to Rs. 150. 04 million last year. Net cash used in financing activities was Rs. 42. 33 million as compared to Rs. 121. 74 million last year. During the year Rs. 150 million long-term loans were acquired and Rs. 71. 11 million loans were repaid. Cash and bank balance increased by 1. 5 times to Rs. 1, 021. 23 million this year Rs. 406. 88 million for the operating year 2002. Investment income increased to Rs. 38. 3 million from Rs. 32. 6 million of last year. Debt equity ratio was 10:90. The equity of the company stood at over Rs. 1 billion including reserves of Rs. 872. 2 million, with cash surplus of Rs. 1. 02 billion, reflecting a sound financial position of the company. Asset turnover Assets are held by companies to utilize them in their business activities and generate profits in order the company to prosper. Assets are held and maintained by Atlas Honda in the course of their business activities and the company to meet their growing requirements also acquires new capital assets. Asset turnover ratios are computed for a period of eight years. Asset turnover (Times) Sales to Total Assets Sales to Fixed Assets 2003 2. 63 12. 39 2002 3. 02 10. 32 2001 3. 16 10. 44 2000 2. 28 6. 93 1999 2. 80 9. 34 1998 2. 23 9. 02 1997 2. 89 13. 02 1996 2. 97 11. 42 Inventory Turnover 10. 34 9. 57 7. 46 6. 87 7. 39 6. 06 5. 41 5. 38 Major portion of the total assets are current assets, which not an admirable situation and the company is bearing increase in the opportunity cost of assets not invested by the company. In the other scenario the company have superfluous current assets to meet its current liabilities, which is appreciable. In the sale to fixed asset turnover there is a major acquisition in the year 2000 then in other years where there is normal acquisition during the course of business. This is indicted by the reduction of only 0. 99% in the sale of year 2000 from previous year where as there is a reduction of 2. 1 times in the sale to fixed asset turnover ratio. This acquisition by the company in the year 2000 was made to cope with predict future growth. In other years the fixed asset turnover ratio is increasing due to increasing sales and there is usual acquisition of fixed assets. In the case of the inventory turnover ratio there is a constant increase in the figures over the years. The company in warehouses does not hold idle stocks thus reducing the stock holding cost. Demand based production is carried out by the company and there are no over purchases by the company. Solvency/Liquidity Solvency is the term used to determine that are the assets of the company surplus enough to pay its liabilities. This is a key measure of the financial reliability of a company and the key ratios that computes solvency are of key interest to investors. 2003 Current ratio (Times) 1. 47 2002 1. 38 2001 1. 48 2000 1. 46 1999 1. 64 1998 1. 31 1997 1. 21 1996 1. 10 Interest Cover Ratio (Times) 17. 17 11. 18 3. 65 2. 04 3. 18 2. 58 3. 95 3. 81 The intent of the current ratios is to determine that how many current assets are there to repay current liabilities on demand. The company holds surplus current assets. This is also discussed above in the Total Asset turnover that a major portion of the total assets is current assets showing a healthy prospect in terms of the company to meet its current liabilities. The company is showing an acceptable current ratio over the period indicating the company’s capability to meet its liabilities. The interest cover ratio for the year 2002 and 2003 shows that the company is having added profits that allows the company to borrow more loans but the company is not utilizing this facility. This is also the reason the company is low geared. This also indicates financial soundness of the company in the market. If the company takes advantage of this facility it would be beneficial for the company and would facilitate the company in reducing its taxes, as interest expense is a tax allowable expense. The company has been obtaining loans in the rest of the period as indicated by the interest cover ratios of rest of the periods. Investments Investments are held by companies to have adequate returns from their sales. Investments held by Atlas Honda in associates are proposed for sale and are stated at fair value. The investments held by the company are in listed and also some unlisted companies. Investments are counted as company’s principal financial assets. Listed Atlas Battery Limited – Associated undertaking NIL (2002: 165,550 Ordinary shares of Rs. 10 Each includes bonus shares 25,550) 2003 (Rupees in 000’s) 9,548 2002 Unlisted Arabian Sea Country Club (private) Limited 200,000 ordinary shares of Rs. 10 each Break-up value on the basis of audited Accounts for the year ended June 30, 2002 Rs. 6. 25 per share 2003 2002 (Rupees in 000’s) 2,000 2,000 Automotive Testing and Training Center (private) Limited 187,500 ordinary shares of Rs. 0 each Break-up value on the basis of audited Accounts for the year ended June 30,2001 Rs. 5. 75 per share 1,875 1,875 The credit risk represents the accounting loss that would be recognized at the reporting date if counter parties failed to perform as contracted. Out of the total financial assets, following amount of financial ass ets are subject to credit risk: 1,118,907. The company believes that it is not exposed to major concentration of credit risk. To manage exposure to credit risk, the company applies credit limits to its customers. STAEMENT OF VALUE ADDITION 2003 WEALTH GENERATED Total Revenue Material Services (excluding duties) 8,066,365 (5,219,313) __________ 2,847,052 __________ 6,382,219 (4,177,572) _________ 2,204,647 _________ 2002 100% 100% WEALTH DISTRIBUTED To Government Sales Tax, Income Tax, Import Duty Workers’ Welfare Fund To Employees Salaries, benefits and related cost To Providers of Capital Dividend to shareholders Markup on borrowed funds Retained with the business Depreciation Retained profit 89,645 284,345 _________ 2,847,052 _________ 3% 10% ______ 100% ______ 83,433 4% 143,058 20,487 5% 1% 122,621 19,913 5% 1% 346,762 12% 322414 15% 1,962,755 69% 1,508,389 68% 47,877 7% _________ ____ 2,204,647 100% _________ ____ As can be seen from the table above and the chart that a greater portion of wealth generated is distributed to the government. The company paid sales tax, income tax and custom duties amounting to Rs. 1. 96 billion during the year, which represents 69% of the total wealth generated. The company’s contribution t o the national economy by way of value addition this year amounts to Rs. 2. 85 billion, which is 29. 13% higher as compared to last year showing company’s responsibility towards overall economy. This is also the reason that the company is unable to increase its profit after tax even though the company is maintaining its cost. This huge amount of tax payments has jeopardized the efforts made by the company. A good proportion of wealth generated is distributed to employees as salaries and benefits showing that the company is facilitating its employees and maintaining a healthy environment of working by offering benefits to them. WORKING CAPITAL The company has maintained a good working capital that shows the stewardship of the management in the use of financial resources in the operations. Company maintains a 5:1 to the current assets that is a working capital of Rs. 6, 671. 50 million, Showing good liquidity performance. Capital Structure The company shows a very low financial gearing (0. 165b: 1b) but the timing of the repayment cash flows is a cause of concern, as 50million out of a total of 166million has to be repaid during the next 12 months. As the net increase in cash and cash equivalent is 614million it would not be a major cause of concern but shows the company’s vulnerability and dependence on maintaining very high liquid assets. This indicates that the company is in a desperate need to maintain its profits and to increase them. The period where the company is unable to make any profit the company will be in a critical situation beyond its accepting power. Presentation of Findings The SWOT analysis is used as a technique to identify the strengths and weaknesses in the company and the opportunities and threats outside faced by the company. A SWOT analysis of Atlas Honda Limited would be a significant appraisal of the company’s position in the automotive industry. Strengths: Market leader †¢ Advance cash receipts from dealer’s hence additional cash available for investment. †¢ Customer satisfaction. †¢ Trained technical staff. †¢ Atlas Group patronage. †¢ Sound financial standing in the market. Weakness: †¢ †¢ No customer support in rural areas. Burden of taxes by the Government. Opportunities: †¢ †¢ †¢ †¢ Opportunities for new technologies. Development of latest IT infrastructure. Effective media promotion. No threat of established competitor. Threats: †¢ †¢ †¢ Threat of new entrants. Unestablished Competitors imitating the models of motorcycles at low price. Demands for low priced motorcycles. The strengths of the company are the key to triumph and the company should seize advantage from its opportunities and should devise such that its opportunities should be part of its strengths. Atlas Honda has been able to prolifically make its way through the heavy burden of taxes this year but it’s my anticipation that the burden of taxes will increase further, to counter this the company should plan a head. Atlas Honda is having a sound financial standing in the market and had attained customer satisfaction by quality products and after sales customer service. Customers are drawn in due to quality and services provided by the company, which the company should sustain and enhance, by making available price controlled motorcycles. Company has developed latest IT infrastructure to make good use of IT in manufacturing using computer techniques such as CAD (computer aided design) and CAM (computer aided manufacturing) thus enhancing costs. The edifying aspect of the report has been the findings that Atlas Honda is a financially sound company with market penetration and strong customer base. Conclusion The essence of the research and analysis report was to carry out a comprehensive financial analysis of Atlas Honda Ltd. The core objective of the report was to scrutinize that ample returns are available to share holders, the company is generating sufficient profits, and the financial situation of the company is sound and investors have confidence in the company and its financial position. In my surveillance over all the company has maintained a good level of profit even after an amplified amount of tax over the period of time. This has caused an increase in Earning per share of the company and eventually the market value of the company, which is avowed at 700% premium (Market value Rs. 80 per nominal value of Rs. 10 per share). The investors have confidence, which is reflected in the Price Earning Ratio of the company, which the company has maintained over the period of 8 years. The overall enhancement in the level of operations and market demand indicates that the company is moving on the right track even after facing rigid rivalry from its competitors. Atlas Honda has maintained a very low level of gearing and so far is unable to acquire market loans, which indicates low level of financial risk the company is exposed to. On the other hand this can hamper the potential available in the market by scarcity of the funds in the company when investment climate is good and market demands is high. In the Automotive industry Atlas Honda is still a market leader as far as the wealth distribution to the government is concerned. In the statement of value addition it is indicated that 69% of the company’s wealth had been distributed to the government as sales tax, income tax, import duty and workers welfare fund. Subsequent to the distribution the company has maintained sufficient levels of profit to distribute to the shareholders in the form of dividends. The company has continued to improve the net generation of cash and cash equivalents during the year causing the company to increase its cash resources. Positive inflow of cash from operations is a signal of company’s ability to improve the liquidity position of the company on a continuous basis. This is the main reason the liquidity situation of the company is very good. The analysis shows that the company is making headway well in terms of profitability, liquidity but as far as the capital structure of the company is concerned it is still at very low level of gearing thus hampering the opportunities available in the market and without exploiting the internal strengths available in the company. A high level of profits, good liquidity and sufficient working capital indicates that the financial situation of the company has improved over the period of time and is still improving. On the basis of the research and analysis work carried out I foresee that Atlas Honda will be more profitable over the period of time and will be able to exploit the opportunities available in the market. In my viewpoint Atlas Honda will remain to be the market leader for the coming years too. The company will also prove arduous to compete by new entrants in the industry. How to cite Research on Atlas Honda, Essays

Visit to Muktijuddha Jadughar free essay sample

Visit To MuktiJuddha Jadughar Brief essay on liberation War of Bangladesh: In August 1947, the Partition of British India gave birth to two new states; a secular state named India and an Islamic state named Pakistan. But Pakistan comprised two geographically and culturally separate areas to the east and the west of India. The western zone was popularly termed West Pakistan and the eastern zone was initially termed East Bengal and later, East Pakistan. Although the population of the two zones was close to equal, political power was concentrated in West Pakistan and it as widely perceived that East Pakistan was being exploited economically, leading to many grievances. On 25 March 1971, rising political discontent and cultural nationalism in East Pakistan was met by brutal suppressive force from the ruling elite of the West Pakistan establishment in what came to be termed Operation Searchlight. The violent crackdown by West Pakistan forces led to East Pakistan declaring its independence as the state of Bangladesh and to the start of civil war. We will write a custom essay sample on Visit to Muktijuddha Jadughar or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The war led to a sea of refugees flooding into the eastern provinces of India. Facing a mounting humanitarian and economic crisis, India started actively aiding and organizing the Bangladeshi resistance army known as the Mukti Bahini. Although East Pakistan had a larger population, West Pakistan dominated the divided country Language, politically and received more money from the common budget. In 1948, Mohammad Ali Jinnah, Pakistans first Governor-General, declared in Dhaka (then usually spelled Dacca in English) that Urdu, and only Urdu would be the sole official language for all of Pakistan. This proved highly controversial, since Urdu was a language that was only spoken in the West by MuhaJirs and in the East by Bihars. The majority groups in West Pakistan spoke Punjabi, while the Bengali language was spoken by the vast majority of East Pakistanis. The language controversy eventually reached a point where East Pakistan revolted. Several students and civilians lost their lives in a police crackdown on 21 February 1952. The day is revered in Bangladesh and in West Bengal as the Language Martyrs Day. The military dictatorships of Ayub Khan (27 October 1958 25 March 1969) and yahya Khan (25 March 1969 20 December 1971), both West Pakistanis, only heightened to dominate East Pakistan both in culturally and economically. The situation reached a climax when in 1970 the Awami League, the largest East Pakistani political party, led by Sheikh MuJibur Rahman, won a landslide victory in the national elections. The party won 167 of the 169 seats allotted to East Pakistan, and thus a majority of the 313 seats in the National Assembly. This gave the Awami League the constitutional right to form a government. However, Zulfkar Ali Bhutto the leader of the Pakistan Peoples Party, refused to allow Rahman to become the Prime Minister of Pakistan. Instead, he proposed the idea of having two Prime Ministers, one for each wing. The proposal elicited outrage in the east wing, already chafing under the other constitutional innovation, the one unit scheme. Bhutto also refused to accept Rahmans Six Points. On 3 March 1971, the two leaders of the two wings along with the President General

Vietnam War Essays - Vietnam War, Presidency Of Lyndon B. Johnson

Vietnam War To many, the Vietnam War symbolizes controversy, myth and question in America. There are many events that made Americans wonder what reasons we had for putting our troops and families in Vietnam. Up till that point, many other Americans had never questioned the acts of the American government and armed forces. Issues dealt with in the Vietnam War showed great impact on the American people, particularly the students. American involvement started off very low key. Two marine battalions landed in Da Nang on March 8, 1965 (Doyle, Lipsman). They were not fighting a war yet, though a war was going on in the very country that they were in. Their job was to merely protect an air field in Da Nang, not look for trouble or initiate any kind of war tactics. But soon, holding off the enemy was not so easy for the American soldiers, and more troops were sent in. This continued on, and when May rolled around there were 46,000 American Troops in Vietnam (Doyle, Lipsman). It was at this time when American troops were then given the "permit to use more active defense," and soon after, the number soared to 82,000 American troops in Vietnam (Doyle, Lipsman). From there, the American defense quickly turned into an offense, and transportation flights turned in to rescue missions. This was about the time that Americans at home began to become worried that the war in Vietnam was getting out of hand. Small protests broke out amongst college students across America, but these began to become very serious. On April 17, 1965 The Students for a Democratic Society organized a national protest on the steps of the capitol in Washington D.C. (Doyle, Lipsman). Television coverage enraged people by misleading facts and disturbing war images of troops killing women and children. Frustration in America grew and riots and protests got out of hand as no questions seemed to be answered. Students protested and gathered, building rage against the war spurring events like the Kent State Massacre. The Kent State Massacre is named after a calm protest uprooted when guards killed and wounded students by opening fire on a mass of students as they gathered on the Kent State campus (Encarta). Events such as the Kent State Massacre enraged Americans more than ever causing violent riots and outbreaks. Meanwhile, America's position in Vietnam worsened. More and more were sent, and more and more troops were killed. America's great offense was tattering down and guerrilla warfare on unfamiliar terrain hampered soldier performance. The war then quickly switched over and put more weight on air attacks and bomb raids. Helicopters became America's best friend as they were a brand new invention that had not previously seen much use. The helicopter made landing and exiting in rough terrain easier than any other method seen before by the United States military. Other weaponry made its debut in the Vietnam War. Spurred from the second world war, where tanks were introduced, the anti-tank missile launcher was a key weapon for all countries to develop. The Vietnam War was the first war that the anti-tank missile launcher was effectively used. Standard guns also were changing; they become lighter in weight, more accurate, and able to function better with less maintenance and malfunction. All of these new, and newly perfected, weapons made the Vietnam War an unfamiliar territory for everybody as the death toll soared through the roof. More troops were sent, more black troops. Racism raced through the veins of many white Americans at this time, and blacks still felt discriminated against by the government and the people of America. All of this as more black troops were being put on the battle front to fight. Black gangs erupted and dodged the draft, became violent, and held to one another very closely. This was the first sign of gangs in America, as we see gangs today. Many black Americans did not understand why they were being force to fight and die for a country that hated them. They felt as if they were being sent in place of whites, but in fact only 12.5% of all troops in Vietnam were black, and it was merle stretched facts and media influence that caused the black eruptions in America (Westmoreland, VHFCN). As America boiled, the "photographers war" continued in Vietnam (Cohen). The Vietnam War has been said on countless occasions to be the most photographed war in history. The reason for this is the development and improvement of the camera. The camera had become small enough and

Oates

â€Å"Where Are You Going, Where Have You Been?† Joyce Carol Oates’s Where Are You Going, Where Have You Been? is an interesting dichotomy of a girl’s coming of age story and a grim fairy tale. The protagonist in this story is Connie, a vain young girl with a penchant for trashy dreams; while Arnold Friend is her antagonist, an evil force most likely, the Pied Piper or the Devil. Their interaction and foreshadowed moments bring the story to its inevitable tragic end. The character of Connie will be the first explored. Connie is established in the beginning of the story as a vain, shallow daydreamer. It’s these flaws that bring about her fall. In the first paragraph, her vanity is clearly displayed: â€Å"†¦ craning her neck to glance into mirrors or checking other people’s faces to make sure her own was all right.† (p.60) She thinks of little else except mindless daydreams, which end up harming her later on: â€Å"†¦ dreaming about the boys she met.† (p.62) â€Å"Connie couldn’t do a thing, her mind was all filled with trashy daydreams.† (p.60) Connie succumbs to her â€Å"trashy dreams† in the form of the evil entity that has come to take her away. She is seduced by way of her vanity and mistakes death for an erotic romance of a trashy kind; a sort of fatal attraction to the evil of Arnold Friend. Arnold Friend is a sexual swaggart disguised as the ultimate trashy dream- James Dean: â€Å"†¦he had shaggy, shabby black hair†¦Ã¢â‚¬  (p.63) â€Å"†¦tight faded jeans stuffed into black scuffed boots, a belt that pulled his waist in†¦ a white pull over shirt†¦ even his neck looked muscular†¦Ã¢â‚¬  (p.65) He stereotypes the ideal rebel that Connie would want. There are also clues that Arnold Friend’s true identity is that of the Pied Piper. Music and sounds are constantly recurring in the story, enticing Connie every time into a daydream where everything seems great: â€Å"†¦charm brace... Oates Free Essays on Where Are You Going, Where Have You Been/Oates â€Å"Where Are You Going, Where Have You Been?† Joyce Carol Oates’s Where Are You Going, Where Have You Been? is an interesting dichotomy of a girl’s coming of age story and a grim fairy tale. The protagonist in this story is Connie, a vain young girl with a penchant for trashy dreams; while Arnold Friend is her antagonist, an evil force most likely, the Pied Piper or the Devil. Their interaction and foreshadowed moments bring the story to its inevitable tragic end. The character of Connie will be the first explored. Connie is established in the beginning of the story as a vain, shallow daydreamer. It’s these flaws that bring about her fall. In the first paragraph, her vanity is clearly displayed: â€Å"†¦ craning her neck to glance into mirrors or checking other people’s faces to make sure her own was all right.† (p.60) She thinks of little else except mindless daydreams, which end up harming her later on: â€Å"†¦ dreaming about the boys she met.† (p.62) â€Å"Connie couldn’t do a thing, her mind was all filled with trashy daydreams.† (p.60) Connie succumbs to her â€Å"trashy dreams† in the form of the evil entity that has come to take her away. She is seduced by way of her vanity and mistakes death for an erotic romance of a trashy kind; a sort of fatal attraction to the evil of Arnold Friend. Arnold Friend is a sexual swaggart disguised as the ultimate trashy dream- James Dean: â€Å"†¦he had shaggy, shabby black hair†¦Ã¢â‚¬  (p.63) â€Å"†¦tight faded jeans stuffed into black scuffed boots, a belt that pulled his waist in†¦ a white pull over shirt†¦ even his neck looked muscular†¦Ã¢â‚¬  (p.65) He stereotypes the ideal rebel that Connie would want. There are also clues that Arnold Friend’s true identity is that of the Pied Piper. Music and sounds are constantly recurring in the story, enticing Connie every time into a daydream where everything seems great: â€Å"†¦charm brace...

Land Economics and Planning Essay Example | Topics and Well Written Essays - 3000 words

Land Economics and Planning - Essay Example Firms complete a great deal of market analysis before searching for a suitable location. In addition, firms compile detailed information regarding the cost of product. They know whether electricity cost is more important then freight cost or labor price. Prepared with a list of "must haves" based on this information, the firm's site consultant or representative begins the quest for the firm's ideal location. You can be assured that, like the shopper looking for a pair of shoes, individuals seeking a site for their firms are not about to change the selection criteria because they had a great dinner at your local restaurant. That is why developing a site is so competitive and requires a great deal of preparation by community leaders. It didn't work for our shoe clerk to offer to dye the shoes the right color, and it won't work for a community when it offers to change the terrain of its local industrial site. Instead, a community needs to spend time long before that first visit by a fir m's site-selection team seeking answers to the details regarding the site the community wishes to promote. The more a community considers site-selection criteria before it selects or develops a particular site for promotion, the lower the likelihood becomes that local leaders will need to explain why they spent so many public dollars on a site that is drawing no interest. Most communities in the UK can claim to have sites available for business development. Under closer inspection, these sites are usually either undeveloped open spaces (often agricultural lands) at the edge of the community or former industrial lands within the community. Both of these share a common problem: Businesses cannot occupy them without substantial infrastructure improvements.Sites that have been previously used for industry or other activities are called brownfield sites. Most are in central city areas and are often surrounded by mixed land uses such as residential, commercial, or public (schools and hospitals, for example). Usually brownfield sites were occupied by industrial complexes. Since older industries used multistory facilities, these sites are often on small parcels of land. Modern factories are laid out horizontally (using one story) to facilitate assembly lines and flow of products. Older sites carry the risk of environmental contamination, especially since the y were most likely operated during a period of less stringent environmental regulations. Environmental contamination can be costly to clean up. Finally, older sites may still contain the buildings or other structures from the previous land use. These will either need to be demolished or refurbished (this often includes such actions as bringing the structure up to current fire, building and disability codes as well as other standards). To minimize their costs and risks, businesses will usually locate on sites that require minimum investments in infrastructure and other improvements. This usually eliminates the unprepared sites. Hence, communities that want to have successful business sites must have developed a plan for creating a prepared site. Site development is utilized to create marketable, prepared business sites. 1.1 Requirements for a Prepared Site It is important to realize that for a site to be effective, it must satisfy the needs of a particular business. The site is constructed to improve the quality of life of a community, but it still must be a viable site to attract business. As we stressed above, a

Personal and Professional Qualities Essay Example | Topics and Well Written Essays - 750 words

Personal and Professional Qualities - Essay Example Professional competences include knowledge and understanding of children and their learning, subject knowledge, curriculum, the education system and the teacher's role." (Birgitte). As a person who wishes to enjoy great professional success, there are certain well-determined personal and professional qualities and characteristics which I would like the principle to recognize in me. These include, among many others, Passion, Strong interpersonal skills, and Humor. Similarly, there are some basic characteristics I seek to find in a school environment which I consider essential for the development of my personal and professional qualities. As a teacher with high motivation for personal and professional development, I would like to find certain well defined characteristics in the school where I teach. These characteristics of the school include, first of all, an environment for teacher training/staff development; second, accessible administration, i.e. principal and assistant principal s hould be visible and approachable to both staff and students; and finally, a safe working environment for staff and students where materials necessary to learning, such as books, computers etc should be available. Therefore, as a personal and professional achiever and a teacher who always meet the requirements of the students as well as the school, my specific personal and professional qualities and characteristics are well defined. Essentially, the principal always prefer those staff members who are great teachers with ability to meet the needs of their students. Therefore, the qualities of passion, strong interpersonal skills, and humor can be decisive in the success of my professional life. These are the qualities which I possess as a teaching staff and I wish my principal to recognize them. Only a teacher with great passion for student's affairs and development can influence and meet their varied needs. It is essential, therefore, to have a reputation as a greatly committed teacher with positive approach and a passion and zest towards the teaching profession. Similarly, I strongly feel that the teacher needs to possess strong interpersonal skills to effectively interact with colleagues and students in order to be successful in the career. From my personal experience, I can guarantee that a teacher with high interpersonal skills will develop a greater rapport with the principal, other staff members and the students which determines a person's success as an effective teacher. Therefore, I would want the principal to recognize my strong interpersonal skills, along with my passion and humor. It is also of significant value in the modern stressful life to possess a sense of humor which will ease the hardest of the situations. However, my personal experience confirms that one should be careful and situation-bound in the exercising of one's humor which has immense influence on the success in teaching life. Finally, three most important characteristics I am looking for in the school where I may teach include provision for teacher training/staff development, easily accessible administration, and safe working environment for staff and students. These are of prime significance as they contribute heavily to the best maintenance of one's career record. I wish to have a friendly atmosphere in the school whe

Being A Leader Assignment Example | Topics and Well Written Essays - 2500 words - 1

Being A Leader - Assignment Example The most important aspect of leadership in education, in my opinion, is to make sure that those employees that are supervised are comfortable with the leadership style and area able to work within it. My Approach to Leadership I believe that my approach to leadership comes closest to participatory because I want employees to have a say in the decision making process as well as to have an interest in what we are doing. In primary school as in any other aspect of education, teachers must have a way to express themselves and to make sure that they are doing what is necessary to help students progress in their studies. I enjoy having teams at work that can come together to share knowledge as well as to design activities so that we are all doing similar things in the classroom. Although we have guidelines that we must meet, we can still help students have fun with the curriculum and we can teach in a way that encourages inclusion rather than exclusion. Kahai, Sosik and Avolio (2006) sugge st that participative leaders are able to steer their employees towards positive growth and to strive for solving problems instead of creating more problems. Employees understand that they are part of the solution and feel they do not have to carry out the problem on their own. When employees know that they are supported in their opinions, whether they are positive or negative, they are more open to finding solutions, because they are able to have their opinions heard. Kahai, Sosick and Avolio also state that the organizational climate will be more positive because problem solving methods allow a basis for employees to feel that their â€Å"higher order needs† are met (p. 126) and they will meet the requirements of the task because they feel valued. The Organization’s Values James and Connelly (2009) suggest that an organization’s culture is difficult to describe and to predict. They state that an organization’s culture will consist of a variety of  "beliefs, symbols, values and assumptions† (391) and it will be dependent on what the individual organization believes is important to run the organization. In a primary school, the organizational climate is as good as the principle that sets the stage for what is needed in their school. In the public school where I work, the organizational climate is one of very positive reinforcement from the principal. The principal sets the leadership for the school and our principal encourages staff to come to them with problems and with other ideas for the school. As a leader within that structure, it is up to me to make sure that I keep in mind what the principal wants and to assist the teachers that I work with in my team to do what is required of us as a team. I believe that my school has strong values and that we put the needs of the students first. I see that there are a variety of ethical considerations that many people within the school have that are important to discuss. Many of the initiatives that our school has come from the National Challenge. This challenge states that by this year, 2011, at least 30% of children should be able to â€Å"gain five or more GCSEs A*-C, including both English and mathematics† (Storey, 2011). In order for students to do this, they must have effective leadership in the classroom as well as in the school. The primary school will begin the focus of the national challenge because students must have the skills they need by the time the move to secondary school.

Nescafe Today And Introduction Of The Company Commerce Essay

Nescafe Today And Introduction Of The Company Commerce Essay In the following assignment I will be talking about Nestlà ©s background, vision and mission statement, objectives, business strategy, marketing position, competitors, SHRM at Nestle/my view, Nestlà ©s 3 HR policies and my views/recommendations, changing role of HR Managers, and finally my conclusion and recommendations. 2. Nescafe Today and Introduction of the company At current time Nestle is one of the worlds leading Food Company, with its headquarters based in Switzerland. Till moment company has more than 280,000 employees and has over 500 factories in 86 countries. Its major market segments are Africa, America, Asia, Europe, and Oceania from where it generates huge profits. Its main motive now is to setup factories locally wherever it can, and then hire local employees. It also tends to rely on local resources and raw material. Therefore, a lot of attention is paid towards its professional training and its social environment. Nestle was founded in 1866 in Vevey, Switzerland, and is a public own company. The company has over 250,000 shareholders and out of those no one owns more than 3% of the stock. Only 1.5% of its profit is generated from its homeland, and rest is from the other 12 factories that it has overseas. Nestle is known for its wide range of products, such as; baby food, dairy product, beverages, pet care, ice-creams, and pharmaceuticals products, etc (Nestle 2010). With the help to all these products it covers a vast market and therefore, provides its shareholders with a long term profitable growth. 3. Nestlà ©s Vision To keep its consumer satisfied, by providing them with best high quality food, and dairy product. 4. Nestlà ©s Mission The foremost motive is to keep its customer happy by making products as per to the individual taste, lifestyle, and needs which is good for health. 5. Objective of Nestle Want to sustain its long term image by manufacturing and marketing its Companys products in such a ways, which links with its customer needs and lifestyle. Turning short term profit into long term. Want to carry on its trust and brand image in customer and employee mind by looking after their values and beliefs. To recruit the right person for the right job, because professionalism is very much required to survive in todays competitive world. 6. Business Strategies 6.1 Corporate Level Strategies Improve its products growth through renovation and innovation in process and technology. Want Long term potential Business should be done by holding on to the values and management principles of the organization. Build its organization on the basis of human values and principles (Scribd 2010). 6.2 Business Level Strategies To provide low cost products to its consumers to reduce competition. Have the concept of Differentiation By this I mean to reduce the risk of complexity of supply chain and lower attractiveness for discounters. 7. Market Positioning: Nestle tries to position its product as a superior quality product and consumer focused. Therefore they have this attracting slogans and messages, such as; We know your taste better than you Nestle Milk pack is now at your door step Add additional flavors to your life These all slogans will attract the buyers and would therefore help Nescafe to show its picture clearly and differently. For example, milk pack will position Nescafes product on a better platform against the competitors and therefore would gain competitive advantage. Another way of promoting would be displaying their products on the events like Valentine day, Fathers day, Christmas, etc, so that people get familiar with their products. 8. Competitors In todays time any company that runs a business face competition in this competitive market. Nestle is a multinational company, and therefore has a competitor as well in this global market. A main competitor of Nestle at this time is Kraft, which has recently taken over Europes No.1 Cadbury Company also. Besides this there are other competitors like; Mars (in chocolate), Dannon and Yoplait (in yogurt), General Mills (in flour), etc (Castelar Articles 2005). 9. SHRM at Nestle NESTLE A HUMAN COMPANY Nestle is a human Company and I can say this because they pay special attention to the individual needs of their customer and employees. You can see from their attitude and sense of responsibility that how much they are concern for their people. Its true that Nestle wants to increase its profit, sales, market segment, but not at the cost which would affect the quality life of its consumer and employee. Whatever Nestle is today, it gives all this credit to its people because without them they wouldnt have come so far. Its their peoples strength and energy which got them so far, and therefore, people are their real asset. The company has always promoted and encouraged open and active communication among its employees. Therefore taking in mind their employees ideas and discussions, Nestle today has resulted into improved Company overall. Therefore, Nestle believes in; High Performance High Involvement High Commitment. 10. My views on Nestlà ©s SHRM According to me I think that Nestle has done a great job in meeting its strategic HRM. This is because Nestle has successfully linked its HRM with its strategic goals and objectives in order to improve its business performance and long-term customer relationship. The company has aligned its HR strategies with its business goals, through which it achieved its core values. It kept its employees and customers satisfied by looking after their needs and requirements. Nestle totally achieved its strategic HRM by meeting its objectives which were; Market its Companys products in such a ways, which links with its customer needs and lifestyle. Turning short term profit into long term. Wanted customers and employees trust in its brand To recruit the right person for the right job Therefore, its proved that Nestle did meet its Strategic HRM, but with this it doesnt mean it stops here. Nestle has to keep on changing its Strategic HRM with the changing time and needs of the customers. And hence it proved that its SHRM is equal to HRM and vice-versa and it both goes together in order for company to succeed and perform better. 11. Nestlà ©s HR Practices Nestle is a company whose HR strategies or practices are developed by keeping in mind the Business objectives of the company and the strategies devised to run the business. The HR strategies are always in alignment with the business goals. Nestle is unique in the sense that it has been able to successfully inculcate its business objective as well as its core values, consistently in its employees day-to-day activities starting from recruitment till continuous performance appraisals. Today, Nestle has one of the most recognized HR functions globally. (Nestle Careers 2002) Three Nestles HR policies that I will be talking about are as follows; 11.1 TRAINING AND DEVELOPMENT Theory discussed As per to Drucker the one contribution that manager should make it that he should provide better vision to other, so that they could perform better. So basically main work of manager is to motivate, train, and develop people in through the means of training. According to Kirkpatrick there are four level of learning evaluation which is through reaction, learning, behavior and finally the result. If you follow these four principles you will get to know how to train your employees and in which field they need improvements in (Business Balls 2009). Nestlà ©s Training and Development process At Nestle Training and Development is very important, from bottom to top. Everywhere in the world, every company runs its own training and development methods, such as; classroom courses, e-Learning, etc. Therefore, Nestle also got its own training and Development procedure, which is as follows; Nestle provides the following- Literacy training-to upgrades essential literacy skills, especially for workers who operate new equipment. Nestle Apprenticeship Programs. Local Training Programs-on issues ranging from technical, leadership, and communication and business economics. My views on Nestles Training process According to me Nestle is not doing a good job in its training and development department, therefore with the changing time it should also be changed and improved. By doing this it will help Nestle to improve their business productivity and growth. Therefore, a special attention should be paid towards the training process of employees, so that the company performs well in the long run. My recommendations In todays time it is very important that training practices should be changed as the business strategy changes. Therefore you should always keep in mind few things when you are developing a training strategy, such as; Always recognize the skills and abilities needed by employees. Then have an outline which will describe that how your investment in training will help in meeting business goals. Finally, execute the plan you made and monitor the progress that it resulted into (tutor2u 2009). In case of small scale organization, training can be given by a supervisor or a skilled man, whereas in large organizations, there should be a full time training officer on training department for the employees. The training methods that I would recommend for Nestles are as follows; Training on the job By this I mean that training should be provided at the work place. For example; A proper instructions and demonstration should be provided to the trainee regarding their job. A special coaching should be provided to employee. By this I mean that there should be close working relationship between an experienced employee and the trainee, so that trainee can learn and adapt to new surroundings. A job rotation should be done regularly. By doing so a trainee will learn and experience different task and activities that are going on in the organization. Advantages of- on the job training Its very cost effective for the company. It seems to be very productive, because while learning they are also working. By having someone standing on the top, give employees more confidence, because they know they are doing good job. Training off the job Off the job training means that employees have to take training by staying away from work place. This is a very formal kind of training provided to employees. Off the job training can either be provided by the companys training department or through external provider. The examples of off the job training are as follows; First one is Day release. It is when employee has to take some time out from the routine working hours and have to attend training centre The other one is that you have to take evening classes outside the work premises and hours. Then you have sandwich courses, where the employee has to spend around 6-9 months in college before joining work. Advantages of off-the-job training: A special outside trainer is appointed by the company, so they save money by not hiring trainer on fixed salary. Employee can pay his full attention on training rather than working and getting distracted. The employees will get opportunity to meet other business employees who are there to learn the same techniques. Demonstration It is one the most effective training skills. In this trainer show trainees how they have to work and perform their task. In some cases trainer should include the trainees in his demonstration so that they could feel and observe the work practically rather than just looking at it. Therefore, Nestle could provide any of above training options that I have recommended. By doing so, it will improve its productivity, because now employee will better understand their work. As of now they have done proper training in the field they were lacking before. RECRUITMENT AND PLACEMENT Theory discussed According to Sam Paul it is not necessary to do recruiting yourself, either it is better if you higher and external source for recruiting on your behalf. By this you can just give them the structure or guidelines, from which they will choose a candidate for you. This is very time saving and proves to be cheaper most of the times (Free Articles 2010). Samta Sharma on the other hand says that recruiting proves to be very costly component for most of the industries. Therefore, company should adapt to online recruitment by installing new software known as resume parser. This software can automatically short list the best candidate needed for that post. After that interview could be arranged. This will save a lot of time and money of the company, because now they dont have to go through the complete process of recruiting (Amazines 2010). Nestlà ©s Recruitment and Placement process Nestle has a very outstanding recruitment practices. Nestle, just doesnt fill jobs, instead they look for the right person for the right job to maintain work efficiency. Nestle works very hard to get the right set of people so that it can survive this tough market competition. (HR resource 2010) The recruitment process at Nestle is clearly defined according to its business needs which is; People with qualities like dynamism, realism, pragmatism, hard work, honesty and trustworthiness are looked for. Match between candidates values companys culture are recruited. Recruitment for management levels take place in the head office by top management and all others at the branch level. The existing employees are promoted to higher posts as per the requirements. There are no lateral recruitments. Another source of recruitment is campus placements and human resource consultancies to look for the enthusiastic, motivated and fresh pool of talent. Decision to hire a candidate is finally taken by HR professionals only and no preference is given to external consultant. This is done to finally have the judgment power in the hands of Company. Recruitment process is also totally based on hiring and recruitment of people who bring in new ideas. My Views on Nestles Recruitment Process According to me Nestles Recruitment process could be changed or improved in many ways. Nestle do have some good recruitment policies but at the same time its old, and to survive in todays stiff market competition one has to keep updated. Therefore, I would like to give some recommendations regarding how Nestle can improve its recruitment process. My Recommendations Therefore, according to me they should have a totally new recruitment process, which should be like; The company should first identify the vacancy, under which the requirement should be; what posts to be filled, number of persons required for the post, what duties they have to perform, and finally the qualifications required for hiring. Should prepare the job description and the person with what kind of skill is required for that job. Should give advertisement on the TV, Newspaper etc mentioning the skills they looking for. From the response that came in, Nestle should short list the people who best fit the job description (Recruitment 2007). Then the company should arrange the interview with the chosen candidates. Finally they should conduct the interview and get back to them with their final decision. After this the recruitment process should be immediately followed by the selection process. The employee should be hired based on the requirement, and the formalities should be taken care off. Recent Trend in Recruitment Nestle should adapt to OUTSOURCING It is when the external firm helps the organization by looking for the candidates according the needs and requirement of the organization. So in simple terms outsourcing firm gets the right candidate for the organization as per their needs and requirements. In turns of this, organizations pay huge amount of money to the outsourcing firm for their services. Example of outsourcing process is in the following table; POACHING/RAIDING It is one of the most common techniques applied in todays business. Poaching means that you can directly buy the persons talent, rather than developing it from the start in new person. All the skills that you required for the job could be in this person, who is doing the same work in some other reputed company, which could be your competitor. So the question is what can you do to get him? The answer is simple; you could offer him or her attractive and enhanced pay package with extra facilities (like, holiday packages, car, driver, house, etc). This will surely attract him, and he will shake hands with your company. By doing this you have weakened your competitor, and saved training and recruitment cost and time (Articles Base 2008). E-RECRUITMENT In todays time many big companies use internet for recruitment. Through the means of Internet, company can post its requirement for the vacant job. Then people can send in their CVs/Resume if they think that they are applicable for the job described. By doing this it saves a lot of time for both candidate and the company. Because now company can just reply or call in the person for interview who they think best met the requirement. REWARDS INCENTIVES Theory Discussed According to Stephen Burg it is very important to keep employees satisfied and happy so that they could work efficiently. The organization can do this by providing them with some kinds of rewards such as; appraisal, incentives, promotion, gifts, etc. According to Daniel it is very important to give rewards and appreciate your employees work, but at the same time it should be related to their performance, and their competitive nature. Company should not just give rewards if the person is just doing his or her job, because they might get lazy and think that they dont have to work more hard as compare to what they are already doing. Therefore, company should give rewards to those people only who keeps on performing better and are innovative. Nestlà ©s Rewards and Incentives Process Passion to Win awards- These quarterly awards have been institutionalized to reward those who over-achieve their targets. Long-service Awards- To recognize employees who have been with the company for more than 30 years. Nestle Idea Award- It was found from the correspondent that the company institutes Nestle Idea Award every quarter to recognize and award employees who come up with relevant and innovative ideas which have the potential of being implemented at Nestle. For all aspects of Reward, Nestle applies the following fundamental principles; Reward Principles Performance Driven The reward is directly related to the performance of the employee. The better the performance, the better the reward is going to be. Competitive Nestle benchmark its all aspects of Reward to ensure that they offer all their employees a competitive Reward package Inclusive The reward program is made so that everybody could see the contribution that employees make for the organization, not just senior managers. My Views about Nestles Rewards and Incentives process This is the process where I am very satisfied with the Nestles rewards and benefits for its employees. But at the same time you could add a lot to what they already have. Therefore, I would like to give just few recommendations on how they can appreciate their employees work with few tips on no-money reward and recognition. My Recommendations Besides what Nestle does for it employees it should also provide some kind of extra benefits to them. By this I mean; (Articles 2009) Benefits should be provided to all employees, with no discrimination such as; Leave-Personal Medical (fixed no. per year) Children Education Assistance Scheme Provident fund Retirement Gratuity Scheme Group Insurance Accidental Insurance Scheme Monthly health check-ups free consultation for self family etc. These all things will really motivate employees to do their task better, because now they are more satisfied and think that company treats them as a part and asset of the company rather than just an employee. 12. Recommendations Hr strategies that Nestle should follow according to me With the changing time Nestle should practice following HR practices: Communication Strategy: Nestle should have an effective communication strategy in todays changing scenario. Therefore, employees should be well trained and educated with the changes in the market and organization. And this can be done by having open-end discussions in meetings. Effective Training and Development: At Nestle most of the trainings are done by in-house trainers. But with the changing time they should call external trainer for specialized training. Besides this Nestle should also have training abroad program, so that employees get the feel of global market by working outside. Entrepreneurship strategy: Every employee needs to be an independent entrepreneur, who can generate ideas and bring them to reality by using the existing resources and support of the organization to create innovative and creative products and services. Recruit purposefully In todays time when most of the organizations are firing people you should have more recruitment going on for the search of talented people. So its a great time for savvy companies to hire talented people who have been down-sized by other organizations. This will give advantage to Nestle in coming years. 13. Conclusion Thought Nestle did everything that it could to survive in todays competitive environment. But this competition will never stop and will get more intense with the time passing by. Therefore, beside my recommendations in its HR strategies, it should also pay attention to its VRIO approach). This is the approach which I think is very much required in todays time and changing environment. Its because if NESTLE will keep up with its VRIO structure it will be unique and different than others, therefore will face less competition in the market. How can it do this? Answer to this is by maintaining its VRIO (Valuable, Rare, Inimitable, and Organized) structure, which is as follows; Valuable A resource is valuable if it helps the organization meet an external threat or exploit an opportunity. If a resource helps bring about any one of these four things then it is valuable: Efficiency, Innovation, Quality and Customer responsiveness. Valuable resources of Nestle are: Human Resources Brand Name Research development processes Rare A resource is rare simply if it is not widely possessed by other competitors. Rare Resource of Nestle: Its uniqueness in Infant food products Processes and ingredients they use are rare. A resource is inimitable and non substitutable if it is difficult for another firm to acquire it or a substitute something else in its place. This is probably the toughest criteria to examine because given enough time and money almost ANY resource can be imitated. Therefore, one way to think about this is to compare how long you think it will take for competitors to imitate or substitute something else for that resource and compare it to the useful life of the product. Inimitable resources of Nestle are: Corporate Culture Values followed at Nestle Reputation Organized A resource is organized if the firm is able to actually use it. However, if you analysis does turn up a valuable, rare, and inimitable resource that the firm is not taking advantage of, then the resources of the firm are not said to be organized.

Richard Gatling - The Gatling Gun :: essays research papers

Richard Jordan Gatling was born in January 1818 in Winton North Carolina, and died at the age of 85 in 1903. Gatling's career as an inventor began when he assisted his father in the construction of machines for sowing cottonseeds, and also for thinning cotton plants. He spent a lot of time in the fields with his father who helped him build some of his inventions. Richard Jordan Gatling was a medical doctor with numerous patents for his farm equipment inventions. To his credit he came up with the famous 1862-model Revolving Battery Gun, that is now referred to as the Gatling gun. The 1862-model was one of the first reliable Revolving guns, but still had a few problems that needed to be fixed. Richard was not the first to manufacture a multi-fire weapon, but his was the first multi-fire gun used in war because of its fast, rapid fire, and ease to use. Major General Ben F. Butler purchased 12, 1862-model gatling guns for $1000 each and used them successfully at the battle of Petersburg in 1863. In 1865 Gatling's improved model, the 1865-gun was tested by the Ordnance Department. One of the changes between the improved Gatling gun and the old one, was that the new weapon used rim fire copper-cased cartridges instead of the steel-chambered paper kind. Though this model did not see service, it was adopted officially in 1866. The military was so pleased with the performance of the Gatling gun that it has been used in every battle since it was invented to this day and has been continuously upgraded and improved. Having received government approval, Gatling began to sell his guns throughout the world. This was a big mark in Richards’s future, he had gone from working in the fields to developing a gun that is used throughout the military of the world. The gun was a hand-crank-operated weapon with six barrels revolving around a central shaft. Having a gun that revolves was very difficult because the barrels would not always line up correctly when being fired. The original gun was actually designed to fire the standard military issue paper cartridge of the day, .58 caliber. A .58 caliber bullet has a diameter of an inch and is capable of damaging anything it hits. The paper cartridge was placed inside a steel or brass chamber with a percussion nipple on the back end just like the muzzle loading rifles and pistols of there time.

Philosophy Does God Exist

God: Does He Exist? Philosophy is a subject that can take many twists and turns before it finds an answer to a general question (Wippel, Wolter 335). God is real to many, but not real to others. Some believe that there is sufficient evidence such as the earth. The earth is the perfect size, if the earth and the atmosphere were any smaller, life on earth would be impossible.Then again, because of this idea some believe that the earth was created by a big explosion called the big bang theory which created our planet: because of this we will examine Aquinas on the existence of God while Kant will explore God’s non existence to the extent of being mortal. St. Thomas Aquinas has written several important works over time. There were four works: The Disputed Questions on the Power of God, Exposition of Dionysius on the Divine Names and Disputed Questions on Spiritual Creatures (Medieval Philosophy).Most of Aquinas's works have been written to try to prove the existence of God. Aquina s always has been a firm believer that everything has to have a creator and the only possible solution would be something called God. It is with this idea that Aquinas's Third Way was written. Aquinas says that if everything were mortal, then nothing could exist at present. This can be translated to mean that if all mortal things have to stop existing then there can't be anything which exists today (Medieval Philosophy).Aquinas believes that it takes a living presence to help create other living things in order for them to live also. This means that there must have been something which existed through eternity to help create many living things which exist today. Aquinas believes that something created life throughout time in order for things to be living today. He says this thing must have existed from the beginning and that it must still exist now (Medieval Philosophy). His belief is that living things and non-living things have lived through eternity with the help of a higher, mor e powerful presence, such as God.He also says that if it that were true that nothing existed at one time, then it would be impossible for anything to begin to exist again, which means that nothing could exist now, which is obviously false (Medieval Philosophy). We see that usual bodies work in the direction of some goal, and do not do so by chance. Most natural things lack knowledge. â€Å"But as an arrow reaches its target because it is directed by an archer, what lacks intelligence achieves goals by being directed by something intelligent†.Therefore some intelligent being exists by whom all natural things are directed to their end; and this being we call God. â€Å"It is impossible for anyone to logically believe that things such as rocks, trees, and water can exist without there being a creator† (Medieval Philosophy). It is for this reason that Aquinas believes that God was the only thing that existed then, so therefore he must have been the one who created everythi ng. This theory does prove that something had to exist from the beginning.The Causal Principle is the thought that every contingent being has a cause of its being and that it lies at the heart of the argument. Kant always contends that the cosmological argument, in identifying the necessary being relies on the ontological argument, which in turn is suspect. (Existence of God) According to Kant, survival is not a predicate, a asset that a thing can either have or lack. (Existence of God) When people declare that God exists they are not saying that there is a God and he possesses the land of existence.If that were the case, then when people state that God does not exist they would be saying that there is a God and he lacks the property of life. â€Å"They would be both affirming and denying God’s existence in the same breath† (Existence of God). Rather, suggests Kant, to say that something exists is to say that the idea of that thing is exemplified in humanity. Existence , then, is not a substance of an object possessing material goods, life, but of a thought equivalent to something in the world. â€Å"To see this more clearly, suppose that we give a complete description of an object, of its size, its weight, its color, etc†. Existence of God) If we then attach that the item exists, then in asserting that it exists we put in nothing to the impression of the thing. â€Å"The article is the same whether it exists or not; it is the identical size, the similar weight, the matching color, etc† (Existence of God). The fact that the thing exists, that notion is exemplified in humanity, but does not alter anything about the theory. To assert that the article exists is to say something about the human race, that it contains something that matches that thought; it is not to say anything concerning the thing itself.If Kant is right in his outlook that life is not an asset of matter, then it is impractical to evaluate a God that exists to a God th at does not. On Kant’s observation a God that exists and a God that does not exist are not the same. â€Å"A God that exists is omnipotent, omniscient, omnipresent, etc† (Existence of God). â€Å"A God that does not exist is omnipotent, omniscient, omnipresent, etc† (Existence of God). Both are the same. Aquinas’s theory is more realistic to me. Everything was created for a reason and has to be here for a reason.First, Aquinas believes that something created life throughout time in order for things to be living today. He says this thing must have existed from the beginning and that it must still exist now. His belief is that living things and non-living things have lived through eternity with the help of a higher, more powerful presence, such as God. Second, as Aquinas has previously mentioned it is impossible for anyone to logically believe that things such as rocks, trees, and water can exist without there being a creator.This is why I feel that God was the only thing that existed then, so therefore he must have been the one who created everything. He also says that if that were true that nothing existed at one time, then it would be impossible for anything to begin to exist again, which means that nothing could exist now, which is obviously false. Lastly, Aquinas said â€Å"that if everything were mortal, then nothing could exist at present, because what is nonexistent begins to be only through something which already exists†.This can be translated to mean that if all mortal things have to stop existing then there can’t be anything which exists today. This means to me that God has been living through time to help create other creatures. Aquinas believed that it takes living presence to help create other living things in order for them to live. This means that there must have been something which existed through eternity to help create many living things which exist today. People will forever be arguing around their dinner tables about the existence of God.Many take comfort in the belief that there is one Creator who still exists in the universe, a perfect being who watches out for His ‘imperfect' children (Wippel, Wolter). However, the dispute that God exists because he was the ‘First Cause' of everything is too unsophisticated for the refined intelligence to accept (Wippel, Wolter). It may be religiously reassuring to believe in the existence of a higher authority, but there is no indisputable proof to suggest that God was ‘the cause' of everything, hence proving His existence. As we approach the new millennium, disbelief prevails and continues to sway extreme (Wippel, Wolter).Works Cited Nicholas of Cusa, 335-38. John F. Wippel, Allan B. Wolter, ed. New York: The Free Press, 1969. Aquinas, St. Thomas. â€Å"Does God Exist? † In Medieval Philosophy: From St. Augustine to St. Thomas â€Å"Objections to the Ontological Argument. † Existence of God. Web. 11 Nov. 2 010. . Dictionary. com | Find the Meanings and Definitions of Words at Dictionary. com. Web. 10 Nov. 2010. .

Johnson and Johnson Essay Example

Johnson and Johnson Essay Example Johnson and Johnson Essay Johnson and Johnson Essay Term Paper: Johnson Johnson Company l. History Johnson and Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturing company. Johnson and Johnson was founded in 1886 in New Brunswick, New Jersey by three brothers Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson. Between 1888 and 1921 Johnson and Johnson had a lot of first with products such as first aid kits, dental floss, sanitary napkins for women, band aids, baby powder( which later leads to the companys booming Baby business products). Also it was the first company to provide disaster relief to citizens of Galveston, Texas after a hurricane( the tradition begins). Beginning in 1924 is when Johnson and Johnson expanded its company overseas to countries such as United Kingdom, Mexico, South Africa, Australia, Argentina, and Brazil. Between 1954 and 1989 Johnson and Johnson made expansions to their company such as putting operating companies in India, China, and Egypt. They entered new eras of health care such as vision care, diabetes management and mechancial wound closures. Johnson and Johnson was the first company to introduce disposal contact lenses, they also Joined forces with big companies such as Neutrogena, Kodaks Clinical Diagnostics, Cords Corporation and Centocor. Johnson and Johnson has been around for 126 years providing care for patients and communitites around the world. Today Johnson and Johnson has over 250 companies in bout 57 different countries globally and is divided into three compnents within the company. II. Company Structure The consumer portion of Johnson and Johnson is all of their baby, skin, oral, ound, and women health care products. Baby Care products that produce are Johnsons baby powder, desitin(rash cream), head-to-toe gragrance free baby lotion, tear free baby shampoo, and baby oil. Skin Care products that JJ produce are CleanClear products for acne such as foaming facial cleanser, oil absorbing cleanser, deep toning cleanser, dual action moisturizer. Neutrogena products such as facial cleansers, acne cleansers, makeup remover, moisturizers, body wash, body oil, cosemetics line, etc. Aveeno products such as moisturizing lotion, body wash, its the est product for those with dry skin and eczema, hair products like shampoo conditioner its good on those who have damaged , dry, color in their hair. Aveeno also has sun protection cream, ointments for diaper rash and dry sensitive skin. Oral care products that produce are products such as Listerine mouth wash. As far as wound care treatment makes products such as BAND-AID Brand Adhesive, Neosporin, Bengay, RED CROSS Brand,etc. Womens health products such as pantiliners in the stayfree and carefree brands. Over the counter drugs such as Tylenol, Benadryl, Pepcid, Sudafed, Zyrtec, Motrin, and many more. The medical Devices and Diagnostics portion of Johnson and Johnson are the products that are used by health care providers/professionals in the fields of vision care, InTectlon preventlon, ortnopae01cs, Olaoetes, sports mealclne, etc. I ney specifically specialize in improving the Joints and spinal conditions as well as sports injuries. DePuy Inc. is the head company thats apart of that takes care of this department. Lifescan Inc. is the portion of the company that specializes in managing diabetes and provides insulin. Acuvue and Vistakon are the primary eyecare lenses that manufacture and sell. Ethicon Inc. is the division that handles the surgical department of the company. The Pharmaceuticals portion of Johnson and Johnson is where research and development focuses on those unmet medical needs in several therapeutic areas such as oncology, neuroscience and pain, metabolism and cardiovascular, immunology, infectious diseases and vaccines. The products that the company offers for these fields are given specifically to wholesalers and retailers and theyre for prescription use only. Prescriptions such as Invega is prescribed for the treatment of schizophrenia in adults and adolescents. Zytiga is medicine prescribed for men who have metastatic castration-cancer who have received chemotherapy. Duragesic is a prescribed medication for moderate to severe chronic pain that can provide long- lasting relief from ongoing pain. Ill. Statistics Today Johnson and Johnson company net worth is $65. 03 billion dollars because no matter where you goin the world and you walk into a drug store, pharmacy, etc. you will always see a product that is made by Johnson and Johnson.

Relative Error Definition (Science)

Relative Error Definition (Science) Relative error is a measure of the uncertainty of measurement compared to the size of the measurement. Its used to put error into perspective. For example, an error of 1 cm would be a lot if the total length is 15 cm, but insignificant if the length was 5 km. Relative error is also known as relative uncertainty or approximation error. Reasons for Relative Error Relative error compares a measurement to an exact value. The two reasons for this error are: Using an approximation instead of real data (e.g., 22/7 or 3.14 instead of pi or rounding 2/3 to 0.67)Imprecise measurement due to instrumentation (e.g., a ruler measuring to the nearest millimeter) Relative Error Versus Absolute Error Absolute error is another measure of uncertainty. The formulas for absolute and relative error are: EA | V - Vapprox | ER | 1 - (Vapprox / V) | Percent error is then: EP | (V - Vapprox) / V | x 100% Relative Error Example Three weights are measured at 5.05 g, 5.00 g, and 4.95 g. The absolute error is  ± 0.05 g.The relative error is 0.05 g/5.00 g 0.01 or 1%. Sources Golub, Gene; Charles F. Van Loan (1996). Matrix Computations – Third Edition. Baltimore: The Johns Hopkins University Press. p. 53. ISBN 0-8018-5413-X.Helfrick, Albert D. (2005) Modern Electronic Instrumentation and Measurement Techniques. p. 16. ISBN 81-297-0731-4