Economic Value Added Essay Example | Topics and Well Written Essays - 750 words

Economic Value Added - Essay Example Thus it requires managers and employees to focus on how capital is utilized and how it generates cash an important idea for all investor analysis of a corporation. There is usually a common goal for all corporations which are to obtain capital and earn a return rate exceeding that of the capital. In order to achieve this goals EVA measure the amount of money left after deducting the capital thus providing a financial statement reporting. EVA can be used to determine whether an corporation is accountable for economic outlays whether they are on the balance sheet, income statement or in the financial statement. This is because this tool creates a financial statement that consists of all the cost of being in the corporation while giving managers an account of every dollar used. There are two gains from focusing on the growth of EVA in a corporation. On one hand, the attention of the management is more focused towards its main responsibility which is to raise investor’s assets. Io n the other hand, deformation resulting from the utilization of historical cost accounting data is eliminated or decreased to ensure that managers spend their time finding means to raise EVA. Therefore, the raised awareness of the effective use capital eventually creates additional shareholder value. This frees the corporation from spending more time in establishing ways to raise EVA but able to produce additional shareholder value according to Albrecht, Stice, Stice and Swain (2010). EVA creates a common language for decision making particularly long-term decisions which are important in improving the results and success of a corporation. For instance, it can be used in resolving budgeting problems and assessing the performance of organizational elements and directors in order to determine the end result .EVA quantification of results in terms of finance also aids in strengthening other management programs such as customer development, TQM and quick response by demanding and gettin g constant financial improvement as stated by Reynolds and Cuthbertson (2004). Thus in order to make EVA useful in attaining improved financial statement reporting and success, managers and workers need to espouse long-term focus and start to think like owners of the business. This way they will make them feel responsible for and participate in the economic value of the corporation leading to improved results. For improved success, EVA can be connected with an incentive award system. In such a way, EVA can provide a measure to calculate success and a medium for continued performance improvement. Since EVA is computed on an accounting period, it allows employees to plot progress during the year and this can help in improving on the end result thus a success. According to Shelo64 (2012), a transition to EVA measurements entails serious obligation of the board of directors and the senior management to utilize the measures in managing the business for an improved financial statement rep orting, results and success. In addition, every individual should buy into the plan in order to make it successful in such improvements. An extensive training and communication for everyone in the company is also required for using EVA to achieve such improvements. Problems of EVA One of the problems with EVA is that it does not provide an account for authentic options or growth opportunities intrinsic in the investment decisions as stated by Schon (2007). Additionally, it does not reflect the perception of the market on the value of growth

Judicial Activism and Constitutional Interpretation Assignment

Judicial Activism and Constitutional Interpretation - Assignment Example The United States of America has a checking system of judicial activism to ensure that it is minimal and public interests are mostly protected. According to Merriam-Webster's Dictionary of Law, judicial activism is "the practice in the judiciary of protecting or expanding individual rights through decisions that depart from established precedent or are independent of or in opposition to supposed constitutional or legislative intent". The supporters of judicial interpretations have different philosophies and the most debated among them are strict constructionists and those who believe in the living constitution.   A strict constructionist is one who believes that the words and phrases used in the law and constitution are static and hence there are limited instances of interpretations. U.S. Supreme Court nominee John Roberts has been dubbed a "strict constructionist" -- someone who believes the U.S. Constitution should be interpreted exactly as its original authors intended† (Chadwick Alex).   The main outcome of this philosophy is that judgment is based on what is written in the law and not on what it should be. Some of the popular supporters of this argument include the Supreme Court of the United States Justice Hugo Black and former U.S. Chief Justice William Rehnquist, and Chief Justice of Australia, Owen Dixon. In contrast to the strict constructionism, living constitutionalists are of the view that the law words and phrases are not static and should be treated as living and dynamic and they must be interpreted in such a manner that they are useful for the changing societal needs. As opined by David Dieteman on a living constitution, it is â€Å"one of the most nefarious influences in the minds of Americans is the notion that the federal constitution of 1787 (the "U.S. Constitution") is a "living" document† (Dieteman David). Therefore, the words and phrases in the law and constitution framed by Congress do not mean the same thing at different time points.  

NYPDs Stop & Frisk Practices Essay Example | Topics and Well Written Essays - 250 words

NYPDs Stop & Frisk Practices - Essay Example Cracking down on criminals while they least expect it helps lower crime rates. Stop and frisk procedure help reduce the amount of contraband or weapons carried around by suspect criminals (Lamberth, 2011). Since suspect criminals know they risk getting frisked and searched, they choose not to carry any incriminating material on them. This helps contribute to increase safety around the New York environs. A decrease in the number of weapons, drugs or other criminal contraband assists in curbing illegal undertakings in the New York state environ. The stop and frisk procedure also assists in maintaining officer safety. Officers are able to check on their safety by risking individuals whom they suspect to be dangerous. The stop and frisk procedure accord officers the right to frisk and search someone who pose a risk to their safety. If an officer gets to stop and frisk an individual and finds a weapon, then the officer may have protected his or her life (Lamberth, 2011). If the weapon was to be used on the officer, it would put his or her life in

Human relationship and responsibility to the natural world Essay

Human relationship and responsibility to the natural world - Essay Example The natural world is the world where aspects of life interact in ways that create eco-systems in order to create spaces of survival. As human beings, the natural world should be a responsibility in which nature is preserved and protected. The way in which human beings have behaved, however, is to create the concept of the world as a resource rather than a responsibility to be protected. As stewards of the Earth, human beings should have tended to nature rather than stripping and using up resources many of which cannot easily be replenished. Just like locusts come and strip plant life down to that which is no longer usable, human beings have created a planet that is suffering because of the uses to which it has endured. As stewards of the planet, it is the job of human beings to begin to nourish and enrich the natural world so that much of it can be put back to its natural state. Rather than destroying species and allowing them to disappear for the Earth, the natural environment shoul d be cared for so that it can once again evolve into a beautiful and rich space in which nature thrives and flourishes. Resources for this paper will be works from A Sand County almanac: With essays on conservation by Aldo Leopold, as well as a variety of sources which describes the current human condition. The following paper will discuss the concept of stewardship in order to answer the question about the relationship of human kind as it has a responsibility to the natural world.... In order to discuss this topic, the first question that must be examined is how the human cultures have continued to evolve away from the natural environment and use it as a place to strip natural resources. Modernity means taking what is natural and using it as a resource rather than living within it as a part of its ecosystem. When human beings involve themselves with nature, it comes in the form of ‘going’ to it. The terms ‘going fishing’ or ‘going skiing’ suggest that a human is going to a place where they can begin to enjoy the abundance of nature. Modern human beings are not involved in nature in the way that a fox or a rabbit would be involved. They are not hunted, nor do they hunt for their food. They live in packaged environments that deny nature as they sit in their air-conditioned offices and shop in the chilled regions of the frozen food aisle. Industrialization was the capstone of the divorce from nature as needs became packaged so that inconvenience and direct work was supplanted for making money to pay for the industrialized nature of survival. Buying an apple takes more than plucking it from a tree just as making a bed is no longer about finding the right leaves and branches in which to lay. It could be said humans have grown lazy because they are no longer required to run from tigers or chase down buffalo. It is the convenience of modern life that has taken us from lean, strong fighters to artificial leanness when it is chosen to be manufactured or soft bellied beings that wait for the doorbell to ring in order to eat pizza. Modern humanity is about packaging what nature would otherwise provide

Eating and hunger Essay Example | Topics and Well Written Essays - 500 words

Eating and hunger - Essay Example Obesity and overweight can be generally defined as the state when the body mass index increases disproportionately vis-Ã  -vis standard set by the medical authority. ‘An overweight adult is defined as one with a BMI between 25 and 29.9, while an obese adult has a BMI of 30 or higher. In children and adolescents, overweight is defined as a sex-and-age specific BMI at or above the 95th percentile, based on revised growth charts by the Centers for Disease Control and Prevention’ (HHS News, 2001, ref.2). Bad eating habits and erratic eating schedules are key proponents of obesity. The increasing trend of eating fast food and aerated drinks are the major reasons for overweight as they are high on calories and low on nourishment. Genetics and to some extent obese behavior can also be contributed to the socio-psychological paradigms of the communities at large. Researcher Smith says that fat intake of children in US has ‘inadequate amounts of fresh fruits, vegetables, and complex carbohydrates, but excessive amounts of fats’(Smith, 1999, p. 84). Another very interesting observation is made by Birch et al. who say that some teachers also promote unhealthy food by using it to reward students for desired classroom behavior and ‘this practice leads children to attach great value to such treats’ (Birch et al., 1995). The alarming rise in obesity and overweight has become a serious problem because it promotes serious health hazards in the form of diseases, especially silent diseases like blood pressure, which may also prove fatal and cause death. It is common knowledge that diseases like heart problems, diabetes, are the by products of obesity which, if not diagnosed early and treated, may lead to death. Obese people are also prone to socio-psychological problems like depression which has now become a key issue and needs urgent attention. Overweight and obese children often become the

HR PROJECT Essay Example | Topics and Well Written Essays - 2500 words

HR PROJECT - Essay Example The individual will receive tough operational predisposition for aspects like recruitment, performance management, benefits, compensation, employee relationship, and benefits to management and training (Armstrong, 2003). Job Duties: An ideal candidate should have motivational skills, should enjoy leading teams actively and can be an integral part of the wining team. Other essential requirements have been mentioned below: Prior experience in working in Middle-East is necessary. An effective track of stability and career progress Candidate should hold (preferred) an EU passport Minimum experience of around 3 years in multi-site or senior cluster with regards to HRD is essential Experience in Five star deluxe or five star is essential Should have both pragmatic and strategic approach Strong attitude with regards to approach and attitude Strong interpersonal and communication skills (Barclay, 2001). Due to specific requirement with regards to this role, the candidates considered for this role would be personally interviewed by the senior management. Job title: Assistant Security Director, Security and Compliance Dept. Date of Analysis: 13 December 2013 Reporting: COO Job Code: #1004002 Summary of the Job: Currently candidates for Assistant Security Director are being looked for. This role will assist the security department in the hotel to guarantee the completion of compliance accordingly to the hotel policies and the procedures. Every regulations stated by the government under the safety and security standard framework has to be duly followed. The candidate would be responsible for the safety and security within the hotel premises to ensure that safety of the hotel properties and overall safety of the employees, guests and their personal belonging. The major responsibilities would not be limited to educating and training the employees regarding the present safety issues, fire protection and security for ensuring compliances by abiding by the group loss control gu idelines (Bernadin, 2007). The scheduled preventive repairs and maintenance for the security equipment would be required and it has to be ensured that the equipments are prepared and operational for daily activities. Job Duties: Candidate need to have at least 3 years of experience in handling similar responsibilities for hotel industry. Experience in military, law enforcement, supervisory experience or equivalent combination would also suffice. Even First Aid instructor, Certified CPR, training for law enforcement, etc would be also preferable. The person would be also required to work on weekends, holidays or night if required. The individual will also have to bring in strong management ability and skill for analyzing the statistics and metrics for preparation of action plan and also communicate them through written reports. In return the candidate would be offered benefits, competitive pay and an opportunity to work with a pool of talented people. Moreover, the candidate would be given independence to work and implement his/ her own plan of action. We are an equal opportunity employer (Berry, 1997). Job Title: Reservation Manager, Operations Date of Analysis: 13 December 2013 Reporting: Director (Hotel Operations) Job Code: #1005001 Summary of the Job: In the position of a Reservation Manag

Entomology Essay Example | Topics and Well Written Essays - 750 words - 4

Entomology - Essay Example Edward Jenner’s small pox vaccine that was developed from the cowpox provided the much-needed remedy for the dreaded disease and currently, the world is free of small pox infection. Since then, many vaccines have been developed and they have saved many lives besides enhancing the life expectancy of people on earth. Vaccines have eliminated once infectious diseases such as polio, yellow fever and leprosy in European countries, though low prevalent rates of these infections are still recorded in various parts of the developing world. Following the benefits of vaccination, I have moral obligation to the society and myself to be vaccinated against in order to preserve my health and protect other member from being infected. Vaccines are important medical interventions for saving lives and protecting people in the society from becoming sick (Maxcy, 1998). Prevalence of disease in any population is a huge impediment to economic growth that undermines development in all societies. Hig hly infectious diseases reduce the labor force in society, especially when it affects the most productive demographic group. In addition, high child mortality occurs in societies with high prevalence rates of fatal and infectious disease. This results to heavy economic losses, arising from the lost manpower hours that occur from absenteeism, bed rests and hospital admissions. The importance of vaccination in the society cannot be overemphasized. According to Maxcy (1998), life expectancy has increased dramatically world wide, compared to the last one hundred years. This has resulted to high populations that provide labor and market for the growing economies. Vaccination is not simply an individual decisions from which the person benefits or suffers. In the contemporary society, the life of each individual directly or indirectly affects that of another person. This implies that every society has a moral right of withholding practices that ensure the safety and health of every member. The society comprises of different categories of people, with varying health status and different health needs. Children and the elderly are very vulnerable groups, prone to infections that easily incapacitate or cause death. These groups rely on the other able groups in the population to provide security and health. Children rely on their parents for protection just like the elderly rely on their children to take care of them during old age. Failure of a guardian to vaccinate his or her child from infection is morally wrong because the child is not mature enough to make independent decisions about her or his life. Moreover, a child or anybody who is not vaccinated presents a health hazard to the rest of community members. I have moral obligation to the society and myself to be vaccinated. As a person, I am aware that my health and life are of great importance to the society and me. I have dreams, goals and aspirations that keep me going and they determine my purpose here in the pl anet. In this respect, I am aware that failure to become vaccinated against serious infections makes me vulnerable to disease that definitely affects my health and subsequent productivity in work and my studies. As a responsible citizen in the country, I am aware that the state of health of other vulnerable people depends on me. The decisions that I make about my own health determine their health as well and therefore failing to become vaccinated is morally wrong