UNEMPLYMENT AND INFLATION essays

UNEMPLYMENT AND INFLATION essays In this report I will illustrate how unemployment and inflation in the UK has changed since 1980 to the present day. I will also analyse the Governments current strategies for dealing with inflation and unemployment. Unemployment is when people are joblessness. The measure of unemployment is the number of jobless people who are available for work and are actively seeking jobs. There is a waste of scare economic goods when there is unemployment and this reduces the long run growth potential of the economy. When there is high unemployment, the economy is producing within its production possibility frontier. However if there is a reduction in unemployment, the total national output can increase leading to an improvement in economic welfare. The Office for National Statistics (ONS) publishes two unemployment rate measures. There is the rate based on the claimant count, which includes all those who are unemployed and actually claiming benefit from Jobseekers Allowance; and the Government's preferred International Labour Organisation total, which includes people not eligible for benefit. The following diagram uses the claimant count to see how many people are unemployed between 1992-1999. Long-term unemployment occurs when workers fail to find employment after 6 months and the long term claimant count above shows that unemployment was at its highest in the UK at the end of 1994 at around 39%. Unemployment fluctuated at around 9% in the late 1980s, and then dropped to a low count of 6%. During the recession of the early 90s, the jobless rate shot up again, to 8%, but has been falling ever since The number of people claiming jobless benefits fell last month, decreasing by 3,300 to 926,900 to reach it lowest since 1980 as the U.K jobs market remained firm. However since June 2003, unemployment has risen by 12,000 to 1.48 million, keeping the jobless rate at 5%, also the manufacturing industries has lost 121,000 jobs since ...

How Word Order Affects Spanish Adjectives

How Word Order Affects Spanish Adjectives Put an adjective before a noun or after the noun in Spanish, and usually it makes only a subtle difference, if any, in the meaning. But there are some cases where the placement of the adjective makes significant enough of a difference that we would translate it differently in English. For an example, take the following two sentences: Tengo un viejo amigo. Tengo un amigo viejo. A safe translation of these two sentences would be fairly easy to come up with: I have an old friend. But what does that mean? Does it mean that my friend is elderly? Or does it mean that the person has been a friend for a long time? Word Order Can Remove Ambiguity It may surprise you to find out that in Spanish the sentences arent so ambiguous, for viejo can be understood differently depending on where it is in relation to the noun that is described. Word order does make a difference. In this case, tengo un viejo amigo typically means I have a longtime friend, and tengo un amigo viejo typically means I have an elderly friend. Similarly, someone who has been a dentist for a long time is un viejo dentista, but a dentist who is old is un dentista viejo. Of course it is possible to be both - but in that case the word order will indicate what youre emphasizing. Viejo is far from the only adjective that functions that way, although the distinctions arent nearly always as strong as they are with viejo. Here are examples of some of the more common such adjectives. Context still matters, so you shouldnt consider the meanings to always be consistent with whats listed here, but these are guidelines to pay attention to: antiguo: la antigua silla, the old-fashioned chair; la silla antigua, the antique chairgrande: un gran hombre, a great man; un hombre grande, a big manmedio: una media galleta, half a cookie; una galleta media, an average-size or medium-size cookiemismo: el mismo atleta, the same athlete; el atleta mismo, the athlete himselfnuevo: el nuevo libro, the brand-new book, the newly acquired book; el libro nuevo, the newly made bookpobre: esa pobre mujer, that poor woman (in the sense of being pitiful); esa mujer pobre, that woman who is poorpropio: mis propios zapatos, my own shoes; mis zapatos propios, my appropriate shoessolo: un solo hombre, only one man; un hombre solo, a lonely mantriste: un triste viaje, a dreadful trip; un viaje triste, a sad tripà ºnico: la à ºnica estudiante, the only student; la estudiante à ºnica, the unique studentvaliente: una valiente persona, a great person (this is often used ironically); una persona valiente (a brave person) You may notice a pattern above: When placed after a noun, the adjective tends to add a somewhat objective meaning, while placed before it often provides an emotional or subjective meaning. These meanings arent always hard and fast and can depend to a certain extent on context. For example, antigua silla might also refer to a well-used chair or a chair with a long history. Some of the words also have other meanings; solo, for example, can also mean alone. And in some cases, as with nuevo, placement can also be a matter of emphasis rather than simply of meaning. But this list does provide a guide that should be useful in helping determine the meaning of some double-meaning adjectives. Sample Sentences and Placement of Adjectives El nuevo telà ©fono de Apple tiene una precio de entrada de US$999. (Apples brand-new phone has an entry price of $999 U.S. Nuevo here adds an element of emotion, suggesting that the phone offers desirable new features or is something otherwise fresh or innovative.) Siga las instrucciones para conectar el telà ©fono nuevo. (Follow the instructions in order to connect the new phone. Nuevo says only that the phone was recently purchased.) El mundo sabe que Venezuela hoy es un pobre paà ­s rico. (The world knows that Venezuela today is a poor rich country. Pobre suggests in part that Venezuela is poor in spirit despite the riches at its disposal. El economista chino dice que China ya no es un paà ­s pobre, aunque tenga millones de personas que viven en la pobreza. (The Chinese economist says that China still isnt a poor country, although its has millions of people living in poverty. Pobre here likely refers only to financial wealth.)

International Business Case #3 Essay Example | Topics and Well Written Essays - 500 words

International Business Case #3 - Essay Example According to the video, there is a high demand for clothing. There are a good number of stores dealing with clothes. Hence, one has to establish whether there is demand for the company’s product in that market (â€Å"The Schildergasse in Cologne†). From the video, it is established that the rent for store within that area is high. This affects the returns of the business established. Analysis of the business environment will help to establish where it is viable to set up a business premises in the area. There are different kinds of consumer in that region. A section of the consumers take into consideration the price of the products. Another section does not put much interest into the price as they do to the product. Hence, a producer can be able to know which product to introduce and their pricing (â€Å"The Schildergasse in Cologne†). It can be established that a big section of the population prefer to buy popular brand and from stores with a popular name. Hence, it is important to analyze the competitors to see how to go into the market, and which is the best site to be located. For a company to be able to penetrate the international market, they have to be able to identify the opportunities or gaps and be able to fill them. From the video, several gaps can be identified. From the respondents, it can be seen that there is information asymmetry. An investor capitalizes on the opening and introduces the same product at a more appealing price. The investor will be able to tap the consumers who do not have full market information on the products. It can also be established that most of the clients choose to shop in stores with popular and established names and brands. This provides an opportunity for chain stores with an established name and brand to penetrate them market. It emerges that there is a section of the consumer who do not factor the cost of the product. This creates an opportunity for companies with high-end products to

Philosphy of God Essay Example | Topics and Well Written Essays - 250 words

Philosphy of God - Essay Example Inner growth is possible only through spirituality. Philosophers like Socrates were aware of it and said that human beings must make sincere efforts for such growth and experience the divine. Socrates (469-399) was a great intellectual, who constantly knocked at the portals of spirituality, but struck up at the final frontiers of the mind. He was an individual who cared for the bodily equipment, knew that a healthy body is one of the prime requirement for spiritual pursuits. Jesus arrived on this Planet Earth, as a Realized Soul. He raveled in the state of bliss always; rather it was his permanent nature. To him, spirituality and science were one and the same. At that level, one is the knower of everything, conqueror of the time concept; Jesus arrived as the conqueror of the forces of nature, for a predetermined assignment prescribed for him by God. Socrates and Jesus are incomparable. This is however, not to belittle the intellectual greatness of Socrates. But intelligence of a thousand individuals like Socrates is not march for a spark from the Spiritual Being whose secular name was Jesus! Yet they are similar in the sense that Socrates and his teachings were part of the same divinity and he was trying to reach the same goal as declared by Jesus. The only option with the mind-level intellectuals is to surrender at the barrier of the mind and make profound efforts to transcend it and Socrates did the same but in his own style and understanding. With sincere efforts the grace of divinity it is possible, not otherwise and Socrates knew

Raina Petkoff and her Cover-up Essay Example for Free

Raina Petkoff and her Cover-up Essay Bernard Shaws works make us doubt principles and ideals, which we accepted without a question. The economic status of the Petkoffs is one of wealth, and the fact that they are rich makes us think of a well-mannered and educated family, especially the young girl. The young girl should give us a sense of nobility and in fact she does in this story. The young girl in Arms and the Man gives us the impression that she is an ideal daughter, lover and citizen. But is she really? This girl tries to portray this stereotypical personality but proves not to be quite the noble girl she plays. At a certain point she sees herself in a very compromising position and is forced to change. As the play begins and we start getting to know this girl, Raina Petkoff we start noticing that she is a bit vain. The stage directions go as follows: On the balcony a young lady, intensely conscious of the romantic beauty of the night, and of the fact that her own youth and beauty are part of it (1561). This excerpt takes away some of the innocence she portrays in a subtle way. The next deception comes when the Swiss enters through the window; instead of screaming for help she decides to help him hide. She even lies to the Bulgarian officer who is looking for the Swiss, betraying her own country. Raina and the Swiss get to know each other a little, and with his experience he can see right through her. He instantly discovered the superficial coating over a very rough interior. The mother, Catherine, proves to be the same when she abandons her patriotism and loyalty and helps the Serb officer to hide and even escape the next morning. Like father, like son they say. But the biggest surprise comes when the Swiss or Serbian officer or Bluntschli blows Rainas cover. Raina is outraged or pretends to be when Bluntschli throws the truth at her face. He calls her a liar and insists on it. She gets furious at first, but gives in when she realizes shes got no way out. Her reaction is: I! I!!!How did you find me out? (1591). And here she confesses that the noble attitude and the thrilling voice is just a cover-up. This is Rainas turning point. We could say that at this point she went from being a girl to being a woman; at this point she matured. Another important fact to my case is the picture of herself she left in the jacket for Bluntschli to find, and the message it contained. My chocolate cream soldier (1603) is the name Raina gives Bluntschli in the dedication of the picture. This title given to Bluntschli suggests some type of affection that at this point is obvious but if the audience had learned of it as it happened chronologically it would be very shocking. After the turning point described above, Raina becomes a more outgoing and sincere person. She describes her own cover-up personality as a noble attitude and thrilling voice (1591) to Bluntschli. Raina also says Bluntschli is the first person that didnt take her fake personality seriously. She confesses to the point that she mocks the people who believe her noble self by saying: I did it when I was a child to my nurse. She believed in it. I do it before my parents. They believe in it. I do it before Sergius. He believes in it (1591). That incident of calling her a liar made Raina mature. It was a turning point in the life of this character and in the plot of Arms and the Man. Bernard Shaw uses his comedies to criticize many ideals by mocking them. In the case of Arms and the Man he takes the nobility of a wealthy, respected family and destroys it by mocking many of its aspects. In this essay I analyze how Shaw takes the view of innocence of a young, noble, rich girl and changes it to make it crude reality, he makes the Petkoffs look like common people with very little nobility. Works Cited Shaw, George Bernard. Arms and the Man. Literature: Reading Fiction, Poetry, Drama, and the Essay. Ed. Robert DiYanni. 5th Ed. New York: McGraw, 2002. 1561-1604.

Utopia, 1984 Comparison :: essays research papers fc

Research Paper: Love in Utopia, Brave New World and 1984 Love is without a doubt one of the most powerful emotions in the world. Most people in the world who have experienced this emotion know that with love, almost anything is possible.  ¡Ã‚ §When in Love, the greater is his/her capacity for suffering, or anything else in that matter ¡Ã‚ ¨ (Miguel de Unamuno, The Tragic Sense of Life). The governments in both Brave New World and 1984 understand that eliminating love and loyalty is important in their continual process of domination over their societies. In Sir Thomas More ¡Ã‚ ¦s Utopia, his Utopian society understands the importance of love and loyalty. There is a huge contrast between the way love is treated in Utopia, and Brave New World & 1984. In both Brave New World and 1984, the governments have replaced love and loyalty, with suspicion and hatred, while in Utopia it is treasured. In the novel 1984, many examples are provided as to how the Inner Party manages to manipulate the public into scorning emotions, love and loyalty. Suspicion and hatred are the main two feelings that replace love and loyalty, in the society of 1984.  ¡Ã‚ §The smallest thing could give you away. A nervous tic, a look of anxiety, a habit of muttering to yourself ¡Ã‚ ¨ (Orwell, 65). This example shows the unfortunate replacement of loyalty with fear and suspicion of everyone in 1984.  ¡Ã‚ §It was terribly dangerous to let your thoughts wander when you were in any public place, or near a telescreen ¡Ã‚ ¨ (65). Suspicion is a dominant feeling felt by almost all the members of the Outer Party in 1984. For example, when Winston met Julia for the first time, his immediate thoughts were;  ¡Ã‚ §She must be with the thought police ¡Ã‚ ¨ (45). The society of 1984 is a total nightmare, in which everyone is suspicious of everyone and very little loyalty exists. An example of betrayal in the novel occurs when Winston entrusts his secretive relationship with Mr. Charrington. Then, Mr. Charrington turns around and betrays Winston, by turning out to be a member of the notorious thought police!  ¡Ã‚ §It occurred to Winston that for the first time in his life, he was looking, with knowledge, at a member of the thought police ¡Ã‚ ¨ (234). Love in 1984 does not exist and has been eradicated because the inner party knows that it is dangerous. Feelings towards other human beings can sometimes compel us to do things that we would not normally do.

Bottle

I'm a column shape water bottle with a greenish colour of cap and birth label on my transparent colour and wale pattern body. The label state all the information of mine which including my weight with 350ml, my organ and blood system in the ingredient part, place of birth at Melaka, Malaysia and of course my identity which people used to called it barcode and obtain me by scan on it. I was sent to a shop named seven- eleven with siblings when 2-weeks-old but this was where the tragedy happened. It's at the moonlight night, a night people used to have their sweet dream on the lovely ed.Unluckily, I was an inconspicuous bottle who loitering and crying on the lonely slopes street because of a drunken old man who obtain me and ‘suck in' all the blood in my body to sober up his brain. My body is now rubbing to the road and play a sweet symphony. This short Journey is like fast and furious 5 in the scene but I'm act to dodge the big stone and deep hole instead of car. The rubbing mak es me feel some stabbing pain which in the affordable range. But the most broken-hearted is my skin has been scratching by rubbing and become full of scratches. The cool but lustery weather makes me hard to stop myself on the street.I had no idea how to stop and felt forlornness to this situation because I might be obliged stuck somewhere on the street for whole life. The wind presumptuous indecent me and forced me to loiter along the street. Finally I stopped on the street near the drain since a huge tire block my way. I look around but there were no people or even a cat in my sight at this lonely night. I scream and shout with heartbreaks to the old man to pick me up or bring me home thus I won't stick at there forever. He couldn't hear me and went away afterword. I felt sleepy after this entire thrilling Journey. I was awakened by the ear-piercing horn.The glare and dazzle sun makes me couldn't open my eyes and suddenly I hear ‘Pi Pi Piak Piak sound. I felt unbearable pain from my body and soul since an old truck filled with waste mercilessly run over me without any warning and alert. But I was also unable to do anything even it gave me a whisper horn. When I was feeling the unbearable pain, a limousine as quickly as lighting run over me and left me a wisp of smelly grey smoke. The vehicles on the road treat me like an ant that keep run over me continuously and I was drifted by hem from where to where since I couldn't remember where I am.I thought my miserable wandering life would bring me to heaven but it stopped after few hours. I opened my eyes and realized that I was stuck by an old towering tree because the old roots locked me firmly. In this sad moment, I remember and missed my siblings, missed the days we chatting together happily. I think they might be sent back to the place we birth to refill the blood now, they might be missed me also. I remember that the place I birth was very clean and the air was fresh. Unlike the street and this tree whi ch full of dust.The days I stuck by the old tree, originally didn't had any wind or rain but there were people who forced to help me take bath by pee at me. Sometimes, there would be people who drunk and vomit to me. I couldn't did anything even I didn't like it. So, I learned to be optimism, treat that like bathing. But days by days, I became smelly, estimated mildew. I started to talk and pray to god, hope that any scavengers would pity me and pick me up. I did it every day and didn't give up this small hope. In the leisure time, I would always look around, I always imagined leaving here and backing home.One day, I hear â€Å"nah grandpa, here is nother empty cans†, I look up and saw an old scavenger holding a little girl. He was dragging a big plastic bad which full of recycle items. I was so enw and desperate to go in that plastic bag, this was the only chance I could go back to recycle station and sent back to home. I keep scream and shout, moving my body even these was useless since the old scavenger couldn't hear and saw what I did to him. After they passed by me, I was totally give up and forlornness again†¦ But, there was always a ‘but' in life journey which could change your life, so, Just think of the bright sight of the life.The little girl like sensed me and look back, she saw me and came towards me to pick me up. I was so sincere thanks to the little girl since she save my life. After that, I follow them to back to their home, the little took me out from the plastic bag and help me to wash my smelly and dirty body. She cut me into half after that and used me as flower pot to plant her flower. I didn't felt any remorse since she save my life, she keep watering the flower which I used to plant and talking to it every day. I felt that this might be another type of lifestyle for me. I was enjoyed and happy.

Nike Inc

Kim Ford, the portfolio manager, outstanding performance of the fund. In order to evaluate Nikkei as a viable choice, Kim has to calculate the cost of capital for the company and make sure assumptions are a direct function from the estimates. The cost of capital calculation or WAC helps to see if an investment is worthwhile to undertake. However, the assumptions made to calculate WAC, in this case, are the underlying problem because some of the assumptions made are incorrect. Analysis Nikkei held a meeting to discuss company performance at 2011 end of fiscal year.In the meeting, management discussed their strategy to improve revenues and net income by developing more athletic shoe products in the misplaced segment of selling shoes at $70-$90 a pair. The company also planned to increase sales for its apparel line, which it had performed really well lately. Management was also concern in the drop of market share from 48%, in 1997, to 42% in 2000. Nikkei was also committed to make an ef fort in controlling company expenses more diligently. Yet, Nine's investment value was not clear to Kim Ford. Analysts' reports had mixed recommendations about the value of the company.Some analysts were recommending buying the stock and some others were recommending holding the stock. Different recommendations were based on the company's declining performance and the proposed strategies to improve the same. Weakening revenues and net income since 1997 are displayed in their firm's consolidated statement showing an improvement in the later years as well. Therefore, Ford had to run her own calculations. Kim Ford performed a discounted cash flow forecast that resulted in a 12% discount rate with an overvalued estimate for Nikkei at the current share price.Ford also performed a quick sensitivity analysis that showed Nikkei was undervalued. Ford figured the best way to make a choice about Nikkei is by calculating the cost of capital cause Nikkei is financed through equity and debt. Ford asked her assistant, Johanna Cohen, to estimate Nine's cost of capital. WAC is the cost of capital for a firm as a whole and can be interpreted as the required return on the overall firm (Ross, Westfield & Jordan, 2010). Some of the assumptions made by Johanna Cohen in calculating the cost of capital are incorrect.As stated before, the correct assumptions are necessary in order to make the right choice. Johanna used the book values for equity and debt. While book values are acceptable values for debt at times, book values for equity are not. Book values may be important from an accounting point of view but market values are forward looking. Therefore, Johanna should have calculated the equity market value. The debt market value calculated by Johanna is also slightly incorrect. Johanna did not include Redeemable Preferred Stock in her calculation.Consequently, Cone's To figure out the cost of equity Johanna used CAMP, a widely used method. CAMP tells what to expect in regards to fut ure returns on a share of stock. Johanna did right by using this method; however, her calculations include an average for six years on Betas and it should be an average for five years, since the 6th year is not finished. In addition, the 5. 74% rate on 20- year treasury bonds is sufficient to use as the risk-free rate. The geometric mean for current equity risk premiums is more representative to use.Under the cost of debt calculation, Johanna missed a simpler way to calculate the cost of debt. â€Å"The cost of debt is simply the interest rate the firm must pay on new borrowing. For example, if the firm already has bonds outstanding, then the yield to maturity on those bonds is the market required rate on the firm's debt† (Ross et al, 2010). Johanna could have simply calculated the YET on Nine's bonds. Since some of Cone's assumptions are incorrect, the cost of capital calculation does not reflect an accurate result. Nike Inc Kim Ford, the portfolio manager, outstanding performance of the fund. In order to evaluate Nikkei as a viable choice, Kim has to calculate the cost of capital for the company and make sure assumptions are a direct function from the estimates. The cost of capital calculation or WAC helps to see if an investment is worthwhile to undertake. However, the assumptions made to calculate WAC, in this case, are the underlying problem because some of the assumptions made are incorrect. Analysis Nikkei held a meeting to discuss company performance at 2011 end of fiscal year.In the meeting, management discussed their strategy to improve revenues and net income by developing more athletic shoe products in the misplaced segment of selling shoes at $70-$90 a pair. The company also planned to increase sales for its apparel line, which it had performed really well lately. Management was also concern in the drop of market share from 48%, in 1997, to 42% in 2000. Nikkei was also committed to make an ef fort in controlling company expenses more diligently. Yet, Nine's investment value was not clear to Kim Ford. Analysts' reports had mixed recommendations about the value of the company.Some analysts were recommending buying the stock and some others were recommending holding the stock. Different recommendations were based on the company's declining performance and the proposed strategies to improve the same. Weakening revenues and net income since 1997 are displayed in their firm's consolidated statement showing an improvement in the later years as well. Therefore, Ford had to run her own calculations. Kim Ford performed a discounted cash flow forecast that resulted in a 12% discount rate with an overvalued estimate for Nikkei at the current share price.Ford also performed a quick sensitivity analysis that showed Nikkei was undervalued. Ford figured the best way to make a choice about Nikkei is by calculating the cost of capital cause Nikkei is financed through equity and debt. Ford asked her assistant, Johanna Cohen, to estimate Nine's cost of capital. WAC is the cost of capital for a firm as a whole and can be interpreted as the required return on the overall firm (Ross, Westfield & Jordan, 2010). Some of the assumptions made by Johanna Cohen in calculating the cost of capital are incorrect.As stated before, the correct assumptions are necessary in order to make the right choice. Johanna used the book values for equity and debt. While book values are acceptable values for debt at times, book values for equity are not. Book values may be important from an accounting point of view but market values are forward looking. Therefore, Johanna should have calculated the equity market value. The debt market value calculated by Johanna is also slightly incorrect. Johanna did not include Redeemable Preferred Stock in her calculation.Consequently, Cone's To figure out the cost of equity Johanna used CAMP, a widely used method. CAMP tells what to expect in regards to fut ure returns on a share of stock. Johanna did right by using this method; however, her calculations include an average for six years on Betas and it should be an average for five years, since the 6th year is not finished. In addition, the 5. 74% rate on 20- year treasury bonds is sufficient to use as the risk-free rate. The geometric mean for current equity risk premiums is more representative to use.Under the cost of debt calculation, Johanna missed a simpler way to calculate the cost of debt. â€Å"The cost of debt is simply the interest rate the firm must pay on new borrowing. For example, if the firm already has bonds outstanding, then the yield to maturity on those bonds is the market required rate on the firm's debt† (Ross et al, 2010). Johanna could have simply calculated the YET on Nine's bonds. Since some of Cone's assumptions are incorrect, the cost of capital calculation does not reflect an accurate result.

IT Project Management Midterm Answers Essays - Project Management

IT Project Management Midterm Answers Essays - Project Management IT Project Management Midterm Answers (b) The Matrix Organization. (b) Scope Management Plan. ( a ) Collect Requirements (b) Use Case Diagram (d) Milestone (d) A business case provides a project budget. (a) Slack (e) Critical Path Analysis (a ) Finish-to-Start (FS) (c) Sunk Costs (d) The value the completed project will provide to an organization. (b) Using technology to meet the needs of the business. (b) Is identifying the project phases and activities and estimating, sequencing , and assigning resources. (a) Signal the beginning of the project or phase. True Brief Answers: Scope, schedule, and budget must remain in a sort of equilibrium to support a part icular project goal. This rela tionship, sometimes referred to as the Triple Constraint. Project portfolio is a term that refers to an organization's group of projects and the process in which they are selected and managed. The project portfolio is strategically selected to advance the corporation's organizational goals. The Project life cycle(PLC) is a collection of logical stages or phases that maps the life of a project from its beginning to end. Each phase should provide one or more deliverables. During the first of these phases, the Initiation Phase , the project objective or need is identified; this can be a business problem or opportunity. An appropriate response to the need is documented in a business case with recommended solution options. A feasibility study is conducted to investigate whether each option addresses the project objective and a final recommended solution is determined. Issues of feasibility ("can we do the project?") and justification ("should we do the project?") are addressed. Yes, it can be considered successful if and only the customer is satisfied with the product . Selective outsourcing provides greater flexibility to choose which project or organizationalproducts and services should be outsourced and which should be kept internal. To avoid scope, creep, leap and grope. Failure to define and agree upon the MOV could result in scope changes later in the project, which can lead to added work impacting the project's schedule and budget. The procedures for defining and managing the scope of a project must be communicated and understood by all of the project's stakeholders to minimize the likelihood of misunderstanding. Moreover, the project's scope must align and support the project's MOV. Why spent time and resources to perform work that will not add any value to the organization of help the project achieve its MOV? Again, work that does not add value consumes valuable time and resources needlessly. Progressive elaboration allows a project management team to manage the project to a greater level of detail as it evolves. It involves continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available. It helps in achieving more accurate and complete plans that result from successive iterations of the planning process. When the first activity is still running and second activity starts, this is called Lead . For example, you're constructing a two-floor building, and now you have two activities in sequence; i.e. electrical work and painting. However, as you complete the electrical work of ground floor, you start painting it, and electrical work for first floor continues. When first activity completes, if there is then a delay or wait period before the second activity starts, this is called L ag . For Example, suppose you have to paint a newly constructed room. So, the first activity would be applying the primer coating and then you will go for the final painting. However, after applying the primer coating, you must give it some time to dry properly. Once the primer coating dries, you can start final painting. The time given for coating to dry itself is called the lag time.

Indian Ocean Raid in World War II

Indian Ocean Raid in World War II Indian Ocean Raid - Conflict Dates: The Indian Ocean Raid was conducted March 31 to April 10, 1942, during World War II (1939-1945). Forces Commanders Allies Vice Admiral Sir James Somerville3 carriers, 5 battleships, 7 cruisers, 15 destroyers Japanese Vice Admiral Chuichi Nagumo6 carriers, 4 battleships, 7 cruisers, 19 destroyers Indian Ocean Raid - Background: Following the Japanese attack on the American fleet at Pearl Harbor on December 7, 1941 and the start of World War II in the Pacific, the British position in the region quickly began to unravel. Beginning with the loss of Force Z off Malaysia on December 10, British forces surrendered Hong Kong on Christmas before losing the Battle of Singapore on February 15, 1942. Twelve days later, the Allied naval position in Dutch East Indies collapsed when the Japanese soundly defeated American-British-Dutch-Australian forces at the Battle of the Java Sea. In an effort reestablish a naval presence, the Royal Navy dispatched Vice Admiral Sir James Somerville to the Indian Ocean as Commander-in-Chief, Eastern Fleet in March 1942. To support the defense of Burma and India, Somerville received the carriers HMS Indomitable, HMS Formidable, and HMS Hermes as well as five battleships, two heavy cruisers, five light cruisers, and sixteen destroyers. Best known for his reluctant attack on the French at Mers el Kebir in 1940, Somerville arrived on Ceylon (Sri Lanka) and quickly found the Royal Navys principal base at Trincomalee to be poorly defended and vulnerable. Concerned, he directed that a new forward base be constructed on Addu Atoll six hundred miles to the southwest in the Maldives. Alerted to the British naval build up, the Japanese Combined Fleet directed Vice Admiral Chuichi Nagumo to enter the Indian Ocean with the carriers Akagi, Hiryu, Soryu, Shokaku, Zuikaku, and Ryujo and eliminate Somervilles forces while also supporting operations in Burma. Departing Celebes on March 26, Nagumos carriers were supported by a variety of surface vessels as well as submarines. Indian Ocean Raid - Nagumo Approaches: Warned of Nagumos intentions by American radio intercepts, Somerville elected to withdraw the Eastern Fleet to Addu. Entering the Indian Ocean, Nagumo detached Vice Admiral Jisaburo Ozawa with Ryujo and ordered him to strike British shipping in the Bay of Bengal. Attacking on March 31, Ozawas aircraft sank 23 ships. Japanese submarines claimed five more along the Indian coast. These actions led Somerville to believe that Ceylon would be struck on April 1 or 2. When no attack materialized, he decided to dispatch the older Hermes back to Trincomalee for repairs. The cruisers HMS Cornwall and HMS Dorsetshire as well as the destroyer HMAS Vampire sailed as escorts. On April 4, a British PBY Catalina succeeded in locating Nagumos fleet. Reporting its position, the Catalina, flown by Squadron Leader Leonard Birchall, was soon downed by six A6M Zeros from Hiryu. Indian Ocean Raid - Easter Sunday: The next morning, which was Easter Sunday, Nagumo launched a large raid against Ceylon. Making landfall at Galle, the Japanese planes moved up the coast to strike at Colombo. Despite the warning the previous day and sightings of the enemy aircraft, the British on the island were effectively taken by surprise. As a result, the Hawker Hurricanes based at Ratmalana were caught on the ground. Conversely, the Japanese, who were unaware of the new base at Addu, were equally taken aback to find that Somervilles ships were not present. Striking the available targets, they sank the auxiliary cruiser HMS Hector and the old destroyer HMS Tenedos as well as destroyed twenty-seven British aircraft. Later in the day, the Japanese located Cornwall and Dorsetshire which were en route back to Addu. Launching a second wave, the Japanese succeeded in sinking both cruisers and killing 424 British sailors. Putting out from Addu, Somerville sought to intercept Nagumo. Late on April 5, two Royal Navy Albacores spotted the Japanese carrier force. One aircraft was quickly downed while the other was damaged before it could radio an accurate spotting report. Frustrated, Somerville continued to search through the night in the hopes of a mounting an attack in the dark using his radar-equipped Albacores. These efforts ultimately proved fruitless. The next day, Japanese surface forces sank five Allied merchant vessels while aircraft destroyed the sloop HMIS Indus. On April 9, Nagumo again moved to strike Ceylon and mounted a large raid against Trincomalee. Having been alerted that an attack was imminent, Hermes departed with Vampire on the night of April 8/9. Indian Ocean Raid - Trincomalee Batticaloa: Hitting Trincomalee at 7:00 AM, the Japanese struck targets around the harbor and one aircraft conducted a suicide attack into a tank farm. The resulting fire lasted a week. Around 8:55 AM, Hermes and its escorts were spotted by scout plane flying from the battleship Haruna. Intercepting this report, Somerville directed the ships to return to port and attempts were made to provide fighter cover. Shortly thereafter, Japanese bombers appeared and commenced attacking the British ships. Effectively unarmed as its aircraft had been landed at Trincomalee, Hermes was hit around forty times before sinking. Its escorts also fell victim to the Japanese pilots. Moving north, Nagumos planes sank the corvette HMS Hollyhock and three merchant ships. The hospital ship Vita later arrived to pick up survivors. Indian Ocean Raid - Aftermath: In the wake of the attacks, Admiral Sir Geoffrey Layton, Commander-in-Chief, Ceylon feared that the island would be the target of invasion. This proved not to be the case as the Japanese lacked the resources for a major amphibious operation against Ceylon. Instead, the Indian Ocean Raid accomplished its goals of demonstrating Japanese naval superiority and forcing Somerville to withdraw west to East Africa. In the course of the campaign, the British lost an aircraft carrier, two heavy cruisers, two destroyers, a corvette, an auxiliary cruiser, a sloop, as well as over forty aircraft. Japanese losses were limited to around twenty aircraft. Returning to the Pacific, Nagumos carriers began preparing for the campaigns that would culminate with the Battles of the Coral Sea and Midway. Selected Sources World War II Database: Indian Ocean RaidCombined Fleet: Raids into the Indian Ocean Defense Media Network: Nagumos Indian Ocean Raid

Financing_Entrepreneurship Essay Example | Topics and Well Written Essays - 3000 words

Financing_Entrepreneurship - Essay Example From the findings of this study, the MD of this case study Pimlico Plumbers is reluctant to do a franchise kind of business. Unless a business’ operations can be conducted from a central point, spatial expansion of activities would not be advisable due to its expensiveness. An example of performing business activities in different locations is that of one establishment in a given town and another in a different town or even a restaurant with the expectations of purchasing equipment and recruiting staff as well as renting of other business premises. Otherwise, if carrying out business operations in various geographical locations becomes hard, there is an alternative of licensing a format of business to other 3rd parties asking them for an opportunity of franchise. Pimlico Plumbers Ltd can be advised to consider franchising and on that note the MD, Charlie Mullins may consider the information provided by the growingbusiness.co.uk website. Under circumstances where third parties are seeking franchise just like in this case Zockoll, then there is need to understand this type of business approach. In such situation, franchisees have to take care of the entire or a portion of their cost outlay of launching franchised parent business’ version. Charlie Mullins’ fear of not Franchising is not losing control. ... It says that franchising presents an opportunity of growing a business both nationally and internationally and where the parent business need not make investments in premises and staff. Franchising is not advisable for all businesses in entirety. While it works for some, others are not likely to make it by way of franchising their businesses. All there needs to be is a recognisable or a widespread brand. (growingbusiness.co.uk, 2009) Pimlico Plumbers has been in business since three decades ago, with a staff made up of 133 engineers besides 42 personnel working in their offices. It is the biggest independent service body corporate. It is atleast known nationally in the UK and thus business franchising can work for the company. The clients of the company are with the inclusion of Chelsea football members of the team, Daniel Craig, Hugh Grant and Keira Knightley. The MD has appeared on Secret Millionaire a programme by Channel 4. (pimlicoplumbers.com, 2010) A franchise business is not free of merits and demerits alike. Franchises are advantageous to owners in that they get to undertake their own operations using the brand provided by an already existing business. A franchise also gains a profit share as well as upfront fee. Franchisees take financial risk while a business profile is being grown besides ample revenue. On the other hand, it is hated for its hindrance to expand in future since the only existing potential is that of staking in profits while franchisees enjoy the remainder. Poor management of franchises as likely to demolish a business brand is another disadvantage that should be put in mind. (growingbusiness.co.uk, 2009) (2). External Finance and Bank Borrowing On the issue of

What did the French Revolution achieve for the bourgeoisie in terms of Essay

What did the French Revolution achieve for the bourgeoisie in terms of liberty - Essay Example The aristocratic revolt of 1787 to 1789 happened at a time when members of the Third Estate were an oppressed group. They considered themselves discriminated in terms of the political, legal, and social perspectives. Though he seldom did so, the king could give lettres du cachet on his opponents in politics and imprison them without trying them. The feudal overlords compelled peasants to abandon their homes and fulfil the hated corvee, a form of unpaid labor. The ecclesiastical and seigniorial courts imposed the death penalty on the less privileged without allowing them the right to appeal. As such, torture was a common activity during that time, and it targeted the less privileged. The desire for change drove the people to revolt against aristocratic leadership with all forms of persecutions. The first was liberty from over taxation at the expense of the rich. Before the revolution, the tax systems spared the wealthy members of the society and left out the rich. Such an idea gave the weak hints that the power regime treated them unfairly (Jones 154). Soon after the revolt, all people became equal before the law. Another factor is the consideration that job opportunities were available to all individuals based on merit and not according to class. Initially, there existed a system where only the affluent class could secure job opportunities. It, therefore, means that the feelings of discrimination that formerly existed started to fade away. There was also an abolishment of the old feudal system of governance, and a more flexible system replaced it. The clergy and the aristocracy ceased being the most prominent in the society as they had initially enjoyed. Instead, the bourgeoisie assumed the position of the most influential group of people in France. The system of governan ce became a basis of democracy in many other countries who copied from France