What Energy Drinks Do to Your Body Essay Example for Free

What Energy Drinks Do to Your Body Essay Presentation You are feeling worn out and unmotivated what do you do? a few people, for example, myself pick to buy a vitality drink(s) (I had a couple while composing this discourse) As understudies we some of the time need a little lift to enable us to consider, a large number of you will select to buy caffeinated drinks in this discourse I will endeavor to illuminate you on the impacts caffeinated drinks have on your body. Body First a smidgen of history first historically speaking caffeinated drink was Lipovitan D 1962 developed by japanese organization Taisho Used to keep representatives alert well into the night First caffeinated drink in US was Jolt Cola. Wasn’t actually a caffeinated drink by any means, only an advertised up soda pop presented in the 80’s included a great deal of sugar and caffeine Some Ingredients and what they do Caffeine works by hindering the impacts of adenosine, a cerebrum concoction engaged with rest. Glucose A from a sugar, is an essential wellspring of vitality, caffeinated drinks contain twofold the suggested day by day sum. Ephedrine An energizer that takes a shot at the focal sensory system. It is a typical fixing in weight reduction items and decongestants, yet there have been worries about its consequences for the heart. Taurine A characteristic amino corrosive delivered by the body that manages heart beat and muscle compressions. Numerous wellbeing specialists arent sure what impact it has as a beverage added substance. Ginseng A root accepted by some to have a few restorative properties, including decreasing pressure and boosting vitality levels. B-nutrients A gathering of nutrients that can change over sugar to vitality and improve muscle tone. Guarana seed An energizer that originates from a little bush local to Venezuela and Brazil. End I trust this discourse has helped you better comprehend the impacts caffeinated drinks have on our bodies, wellbeing and well being.so whenever you choose to drink a caffeinated drink consider what you are truly drinking. Works Cited Watson, Stephanie. How accomplish caffeinated drinks work? 04 October 2006. HowStuffWorks. com. Web. 02 March 2013. Seifert, Sara M. , Etal â€Å"Health Effects of Energy Drinks on Children, Adolescents, and Young Adults† Pediatrics: Official Journal Of The American Academy Of Pediatrics. 3 (2011): 511-528. Web. 14 February 2011. Sifferlin, Alexandra â€Å"What’s in Your Energy Drink? † Time 04 February 2013. TIME. com. Web. 06 February 2013.

Living in a Morally Corrupt Society

Brandi Smithers 18 October 2012 Professor James Essay #1 Final Draft Living in a Morally Corrupt and Market Driven Society Our general public is a degenerate one, unquestionably. Based on ethics and morals that have lost unmistakable quality and significance, our general public and the individuals what it's identity is made out of have immediately made our market economy something horrendous that was rarely planned. A market economy is basically an innocuous, gainful method of sorting out action and exchange; lamentably, society has dismissed the sincere goals and has â€Å"drifted from having a market economy to being a market society (Sandel 10).People have let ravenousness for cash and for progress expend them. Never again is the market a device for association. Rather, it is presently a lifestyle. Having the high ground in the market, implies one is in an ideal situation. What caused this adjustment in the public eye? Ravenousness. Market triumphalism turned into the objective o f numerous when they let voracity overwhelm uprightness (Sandel 6). Insatiability is the villain inside the market. It makes an ethical difficulty by making individuals have a craving from advertise triumphalism so solid that they are â€Å"led to flippant hazard taking† as methods for acquiring what they long for (Sandal 6).People begin to address if the ethics ingrained in their psyche can be extended farther and farther until they become â€Å"morally vacant† (Sandal 13). The market has put a cost on things never intended to be related with a dollar sign, for example, time and eventually, our lives. Verifiably, the need to â€Å"organize the creation and appropriation of goods† produced the possibility of a market economy; however once broadly acknowledged, â€Å"markets†¦ have come to oversee our lives as never before† (Sandal 6).In today’s society the market negatively affects a greater part of grown-ups and an astounding measure of kids. It is turning out to be increasingly more typical to see grown-ups utilizing motivators to persuade kids to the best thing. For instance, guardians and schools regularly offer money motivator for passing marks (Sandal 51). In addition to the fact that it is astounding to some that guardians pay their youngsters for a decent report card, yet â€Å"it never happened to anybody that the school itself may pay for good grades† (Sandal 51).Though some may contend that cash motivation for grades â€Å"transforms the way of life of schools and the mentalities of understudies towards school† (Sandal 54) to improve things, the children’s want for money replaces the customary and dependable idea that doing great in school implied that one would better themselves, however that they would be a profitable citizen. The motivations, or pay-offs, â€Å"bypass influence and substitute and outer purpose behind an inherent one† (Sandal 59).This move in outlook imparts covet ous propensities in youngsters, yet in addition makes nonsensical desires for motivator given when one did nothing well beyond what ought not out of the ordinary of any kid. Generally, guardians and grown-ups are controlling a child’s feeling of obligation and commitment by putting a cost on great conduct. The market and the regular utilization of pay off subvert â€Å"obligation and commitment,† which eventually are â€Å"ideals that can’t be diminished to financial terms† (Sandal 50).When one hears the word â€Å"greed,† as a general rule, cash rings a bell; in any case, cash isn't the main resource individuals look for with eager personalities. The idea of time is one piece of people’s regular day to day existences that the market has drastically controlled so that time is more significant than cash. Companies and diversified organizations have seen this developing pattern and they have exploited people’s covetousness for time. The y have discovered that adding â€Å"fast-track schemes† to their showcasing plans adds to their overall revenue and furthermore builds client satisfaction.They stand firm in the conviction that â€Å"letting individuals standard for quicker assistance at air terminals, at carnivals, and on parkways improves financial productivity yet letting individuals put a cost on their time† (Sandel 20). It isn't amazing that the ethical significance of uniformity is tossed under the table by similar individuals that saw dollar signs when taking care of the final offer of benefit versus equity. For example, individuals with abundance cash can hop to the front of the line at entertainment meccas and they likewise need to capacity to pay extra to sit First-Class on a plane (Sandal 17-18).Sure, the comfort for the customer of the â€Å"fast-track schemes† is extensive, however the plans are very â€Å"unfair to one side languishing† standing by persistently for their tur n (Sandal 27). Today’s showcase society has not just added an outrageous factor to imbalance among residents of society, yet once more, individuals are letting their ethics of decency slide so as to increase childish comfort. The market has driven organizations and shoppers the same into overlooking that one of the key components to conjunction with each other is equity. The arket has set aside a few minutes, when a component of life thought about unchangeable, an effectively controlled device revenue driven increase and furthermore another motivation behind why individuals of our general public are so ethically empty. Out of the considerable number of ways showcase has driven the individuals of our general public distraught by giving inestimable parts of life money related worth, one part of life that ought to never be a piece of market economy, is life itself. Task Prevention, established by Barbra Harris, is a program that offers tranquilize dependent ladies $300 money on the off chance that they will experience disinfection or long haul anti-conception medication (Sandel 43).Offering medication dependent ladies cash for cleansing is coercive, accordingly previously making it ethically off-base (Sandel 45). Not exclusively does the association use methods for pressure for their benefit, however the final offer that the medication dependent ladies are confronted with is one that no lady ought to ever need to experience. She needs to pick whether she needs to have kids later on, or on the off chance that she is to take the cash to fulfill the â€Å"necessity of her situation† (Sandal 45). When â€Å"a tranquilize dependent lady consents to be disinfected for cash, she isn't acting freely† (45).Project Prevention is an ideal case of how today’s free market has named our bodies (and the ones yet to be conceived) are only â€Å"possessions that we possess and can utilize and arrange of† (Sandal 47). Since the market has venture d over the ethical limits of review people as assets, obviously â€Å"we need to reevaluate the job that business sectors should play in our society† (Sandal 7). Human life is something that cash can’t purchase. Market economy is an extraordinary device for association in the manner exchange is taken care of, yet an apparatus is the thing that it ought to be; shockingly, the market has expended our general public and it is the very air we as a whole breathe.Children are not just lowered in the thoughts of an ethically degenerate market, however they are being instructed how to follow in the strides of the ethically adulterated. As they create, the degenerate thoughts strengthen, and cash becomes air. Usefulness is inconceivable without showcase. Immaterial parts of life, for example, time, structure a financial worth, leaving the once honest youngster as a cash hungry grown-up. In spite of the ethics once imparted in that child’s mind, the kid finds a definitive casualty to an ethically degenerate society: an unborn youngster. When will he understand that there are a few things that cash can’t purchase?

Harnischfeger Corp Essay

I. Presentation In 1984 Harnischfeger Corporation was a main maker of development hardware. During the time of the 1970s the organization experienced gigantic development. Yearly deals developed from $150 million of every 1970 to $646 million out of 1981. Anyway the organization started to encounter money related difficulty in 1979. This was brought about by an assortment of variables: the organization squandered a lot of assets on an ineffective merger, the legislature of Iran defaulted on a $20 million request for gear after the fall of the Shah, and the U.S. economy was in a time of downturn with twofold digit paces of expansion. The organization posted a working misfortune in 1979 just because since 1938. The company’s money related challenges proceeded until 1984. As of now the board concluded that rebuilding was essential if the organization needed to endure. (Harnischfeger, 1985) II. Rebuilding Strategy The superseding target of rebuilding the organization was to come back to continued productivity. The objectives of the arrangement were four-overlap: administrative/staff changes, creation cost decrease, change in generally speaking business center (for example in outside joint endeavors, and high innovation zones), and a rebuilding of obligation (Palepu, 2000). The new official situation of Chief Operating Officer was made. Two new individuals from the official group were employed so as to help push the organization another vital way. Therefore, building, assembling, and advertising divisions experienced noteworthy changes so as to reduce expenses and reorient the company’s item contributions toward progressively beneficial markets. (Palepu, 2000). The organization began to concentrate its business on progressively abroad markets, where interest for mining and development gear stayed solid. A relationship was set up with Kobe Steel, Ltd., in which Harnischfeger consented to source the entirety of its development cranes available to be purchased in the US through the Japanese organization. What's more, an agreement to sell $60 million worth of mining scoops was gone into with the People’s Republic of China (Harnischfeger, 1985). In conclusion, the organization rebuilt its obligation into three-year advances that necessary the organization to keep up specific degrees of money, receivables, and total assets (Palepu, 2000). Bookkeeping Strategy The new administration at Harnischfeger executed forceful changes in bookkeeping approach with an end goal to cause the organization to show up progressively productive. The significant zones wherein bookkeeping strategy was considerably affected were in: changes in deterioration techniques on resources, the utilization of LIFO liquidation in stock valuation, the rebuilding of the employees’ benefits plan, an adjustment in the manner in which a few kinds of deals were perceived, and an adjustment in the monetary year for outside auxiliaries. (Palepu, 2000). Furthermore, the board fundamentally adjusted the level of deals distributed to remittance for awful obligation. Investigation shows that administration practiced a lot of adaptability permitted under GAAP so as to raise overall gain for 1985. Inspiration for Accounting Strategy The new administration has two long haul objectives as a top priority. To begin with, to build the company’s nearness in cutting edge regions, for example, aviation and pharmaceuticals and second, to make the organization progressively worldwide. These objectives appear to require the organization to seek after a forceful income the board methodology. In the momentary the organization needs joint dares to endure. These joint endeavors will give Harnischfeger access to numerous new remote markets and could be a potential hotspot for less expensive work. Compelling profit the board could persuade accomplices like Kobe Steel to be progressively responsive to interest in Harnischfeger. Likewise the organization needs money to have the option to take an interest in joint endeavors that may require cross venture to construct manufacturing plants, recruit remote workers and so forth. Money is additionally expected to put resources into cutting edge enterprises which generally require huge capital costs in innovative work. The board had solid inspiration to show a benefit in 1984. In the first place, the organization was getting ready for its 100th commemoration festivity, and in this manner required a speedy turnaround. As trifling as it sounds, this thought most likely accelerated the timetable to recuperation by means of forceful bookkeeping arrangement. Second, and progressively substantial, the rebuilding plan incorporated an arrangement which would grant top administrators an extra 40% of their base compensation if the organization accomplished its money related objectives for the year. Incredibly, the board could get another 40% of pay if the organization beat those objectives! III. Bookkeeping Changes Impact of progress in Sales Calculation Effective November 1, 1983, Harnischfeger fused items bought from Kobe Steel, Limited and afterward exchanged by the organization, into its net deals. During past bookkeeping periods, just the gross edge on these items was perceived as deals. Accordingly, both total deals and cost of deals expanded by $28 million. This bookkeeping change didn't have material effect on the general net working pay as expressed in the budget report, be that as it may, it had an impact on the nature of income, which is reflected by overall revenue. Net revenue dropped to 1.44% from 1.55%, mirroring a 7.1% change in overall revenue, after such a change was set up. The administration asserted that this change â€Å"reflected all the more viably the idea of the Corporation’s exchange with Kobe,† (Palepu, 2000, p.3-39) and we concur with the management’s see for two significant reasons. To start with, Harnischfeger was working in a large scale business condition in which the organization needed to altogether decrease cost to endure. Redistributing, a compelling method of moving creation cost to progressively successful makers, could make the Harnischfeger center around its center quality in item advancement capacity and high brand power entrance. Second, Harnischfeger phased out its own assembling of development cranes in Michigan and go into a drawn out understanding, under which Kobe would flexibly development cranes. Likewise, viable November 1, 1983, Harnischfeger balanced some subsidiaries’ finishing period to September 30 rather than the past completion July 31. This had the impact of extending the 1984 announcing period for these organizations from a year, to 14 months, and expanded deals by $5.4 million. Expecting these organizations had a similar net revenue as the parent, the change expanded expense of deals by $4.3 million. We concur that the impact on total compensation is unimportant and that this change reflects all the more adequately the subsidiary’s business activity. In any case, it represents a one-time occasion which ought to be rectified for during examination of the company’s potential for future productivity. Impact of Changes in Depreciation Method In 1984, Harnischfeger changed its devaluation arrangement for money related announcing purposes to a straight-line strategy from a basically quickened technique. An overall gain of $11 million was acknowledged for 1984 when the straight-line strategy was applied retroactively to all advantages deteriorated under the quickened technique. The administration saw this as a way to deal with coordinate the company’s standard with that of industry peers. We concur with the administration such that this methodology gives practically identical norm. Be that as it may, the planning of this activity is flawed. This methodology misleadingly improved the company’s money related quality in the short run and aided Harnischfeger arrange its obligation rebuilding process with investors. Over the long haul, in any case, the straight-line strategy will decrease benefit in the years to come. Likewise, it was too forceful to even think about realizing this salary just in a one-year time span, which mirrored the impetus for the executives to accomplish benefit. What's more, Harnischfeger broadened its evaluated devaluation lives on certain US plants, hardware and gear, and expanded lingering an incentive on certain apparatus and gear. These progressions brought about an expansion of $3.2 million in total compensation in 1984. Once more, this reflected motivator revenue driven acknowledgment. The then-current high loan fee condition was steady for remaining worth upward-change, be that as it may, there were extraordinary dangers included. To begin with, financing cost was on a down-pattern after it crested in 1982. Second, the liquidity of Harnischfeger hardware, for overwhelming apparatus produce, was low. Additionally, augmentation of devaluation lives would expand the support costs and lessen benefit in the years to come. In this way, we propose that Harnischfeger’s deterioration strategies be firmly watched when the financial condition changes Impact of LIFO Inventory Liquidation Harnischfeger diminished its stock level in 1984, 1983 and 1982, bringing about a liquidation of LIFO stock. This liquidation procedure prompted gains when stock, obtained at a lower cost in the prior years, were sold at a more significant expense, coming about because of higher swelling. Overall gain in 1984 expanded by $2.4 million (as increases), and liquidity was enhanced the asset report. We see this as a sound business choice when the administration can diminish working expense by diminishing stock level. Impact of Changes in Allowance for Doubtful Accounts Harnischfeger, for certain reasons, balanced its recompense for dicey records to 6.7% of deals for 1984 from 10% of deals in 1983, coming about in $2.9 million in working pay for 1984. The organization may attempt to expand deals by forcefully stretching out credit to far fetched clients, gambling losing all of significant deals. This is incredulous as Harnischfeger gives no clarification. Impact of Changes in R&D Expenses Harnischfeger fundamentally cut its innovative work costs to $5.1 million out of 1984, from $12.1 million out of 1983 and $14.1 million out of 1982. In 1984, working benefit was siphoned up by $9.1 million when Harnischfeger didn’t follow a similar degree of R&D exercises in 1983, reflected in the level of R&D a

Organizational Culture Compared - Free Essay Example

Organizational Culture Compared MANAGEMENT 5590 Organizational culture is an idea in the field of Organizational studies and management which describes the psychology, attitudes, experiences, beliefs and values (personal and cultural values) of an organization. It has been defined as the specific collection of values and norms that are shared by people and groups in an organization and that control the way they interact with each other and with stakeholders outside the organization. (Hill and Jones, 2001) This definition continues to explain organizational values, also known as beliefs and ideas about what kinds of goals members of an organization should pursue and ideas about the appropriate kinds or standards of behavior organizational members should use to achieve these goals. From organizational values develop organizational norms, guidelines, or expectations that prescribe appropriate kinds of behavior by employees in particular situations and control the behavior of organizational members towards one another. (Hill and Jones, 2001) Organizational culture is not the same as corporate culture. It is wider and deeper concepts, something that an organization is rather than what it has. Corporate culture is the total sum of the values, customs, traditions, and meanings that make a company unique. Corporate culture is often called the character of an organization, since it embodies the vision of the company’s founders. The values of a corporate culture influence the ethical standards within a corporation, as well as managerial behavior. Montana and Charnov, 2008) To understand organizational culture, it is imperative to first understand culture. Culture can be defined as â€Å"the beliefs, customs, practices, and social behavior of a particular nation or people; a particular set of attitudes that characterizes a group of people; or a group of people whose shared beliefs and practices identify the particular place, class or time to which they belong† (Encarta). Secondly, one must value the meaning of culture in the work place in order to comprehend its advantages. The ability to interact effectively with members of other cultures often translates into financial gain, increased employment, and better advancement prospects† (Devito 26). The next step in understanding organizational culture is to know the exact definition. Edgar Schein defines it as:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A pattern of shared basic assumptions that the group learned as it solved its problems of external adaptation and internal integration, which has worked well enough to be considered valid and, therefore, to be taught to new members as the correct way you perceive, think, and feel in relation to those problems (Nellen). Schein describes the culture of an organization as consisting of three levels. â€Å"At the fundamental level are the core beliefs and assumptions that members of a culture see as truth† (Cheney, et. al 78). Under this level are the ideas that the system is run by the â€Å"invisible hand,† that it is necessary for the system to grow, and that workers must be supervised. The second level consists of values and behavioral norms. In this section the organization beings to recognize its involvement in the culture; it becomes aware of its culture. Artifacts are the third level of organizational culture. Artifacts are the portion of the organization that involves the five senses. They are visible and tangible. An example of a culture’s artifact is its building or the dress code. Deal and Kennedy defined organizational culture as the way things get done around here. They measured organizations in respect of: * Feedback quick feedback means an instant response. This could be in monetary terms, but could also be seen in other ways, such as the impact of a great save in a soccer match. * Risk represents the degree of uncertainty in the organization’s activities. Using these parameters, they were able to suggest four classifications of organizational culture: * The Tough-Guy Macho Culture. Feedback is quick and the rewards are high. This often applies to fast moving financial activities such as brokerage, but could also apply to a police force, or athletes competing in team sports. This can be a very stressful culture in which to operate. * The Work Hard/Play Hard Culture is characterized by few risks being taken, all with rapid feedback. This is typical in large organizations, which strive for high quality customer ervice. It is often characterized by team meetings, jargon and buzzwords. * The Bet your Company Culture, where big stakes decisions are taken, but it may be years before the results are known. Typically, these might involve development or exploration projects, which take years to come to fruition, such as oil prospecting or military aviation. * The Process Culture occurs in organizations where there is little or no feedback. Peop le become bogged down with how things are done not with what is to be achieved. This is often associated with bureaucracies. While it is easy to criticize these cultures for being overly cautious or bogged down in red tape, they do produce consistent results, which are ideal in, for example, public services. Charles Handy (1985) popularized the 1972 work of Roger Harrison of looking at culture which some scholars have used to link organizational structure to organizational culture. He describes Harrisons four types thus: * a Power Culture which concentrates power among a few. Control radiates from the center like a web. Power and influence spread out from a central figure or group. Power desires from the top person and personal relationships with that individual matters more than any formal title of position. Power Cultures have few rules and little bureaucracy; swift decisions can ensue. * In a Role Culture, people have clearly delegated authorities within a highly defined structure. Typically, these organizations form hierarchical bureaucracies. Power derives from a persons position and little scope exists for expert power. Controlled by procedures, roles descriptions and authority definitions. Predictable and consistent systems and procedures are highly valued. By contrast, in a Task Culture, teams are formed to solve particular problems. Power derives from expertise as long as a team requires expertise. These cultures often feature the multiple reporting lines of a matrix structure. It is all a small team approach, who are highly skilled and specialist in their own markets of experience. * A Person Culture exists where all individuals believe themselves sup erior to the organization. Survival can become difficult for such organizations, since the concept of an organization suggests that a group of like-minded individuals pursue the organizational goals. Some professional partnerships can operate as person cultures, because each partner brings a particular expertise and clientele to the firm. Writers from Critical management studies have tended to express skepticism about the functionalist and unitary views of culture put forward by mainstream management thinkers. While not necessarily denying that organizations are cultural phenomena, they would stress the ways in which cultural assumptions can stifle dissent and reproduce management propaganda and ideology. After all, it would be naive to believe that a single culture exists in all organizations, or that cultural engineering will reflect the interests of all stakeholders within an organization. In any case, Parker has suggested that many of the assumptions of those putting forward theories of organizational culture are not new. They reflect a long-standing tension between cultural and structural (or informal and formal) versions of what organizations are. Further, it is perfectly reasonable to suggest that complex organizations might have many cultures, and that such sub-cultures might overlap and contradict each other. The neat typologies of cultural forms found in textbooks rarely acknowledge such complexities, or the various economic contradictions that exist in capitalist organizations. One of the strongest and widely recognized criticisms of theories that attempt to categorize or pigeonhole organizational culture is that put forward by Linda Smircich. She uses the metaphor of a plant root to represent culture, describing that it drives organizations rather than vice versa. Organizations are the product of organizational culture, we are unaware of ho it shapes behavior and interaction (also recognized through Scheins (2002) underlying assumptions) and so how can we categorize it and define what it is? Bibliography Charles W. L. Hill, and Gareth R. Jones, (2001) Strategic Management. Houghton Mifflin. Montana, P. , and Charnov, B. (2008) Management (4th ed. ), Barrons Educational Series, Hauppauge:NY Cheney, George, et. al. Organizational Communication in an Age of Globalization: Issues, Reflecti ons, Practices. Waveland Press, INC. Long Grove, Illinois. 2004. Devito, Joseph A. Messages: Building Interpersonal Communication Skills. Pearson Education, INC. Boston. 2005. Encarta World English Dictionary (2005). ‘Culture. ’ MSN Encarta. Online. WWWhttps://ca. encarta. msn. com/dictionary_/culture. html. Nellen, Ted. ‘Organizational Culture Leadership. ’Edgar Schein. Online. WWWhttps://www. tnellen. com/ted/tc/schein. html. Deal T. E. and Kennedy, A. A. (1982) Corporate Cultures: The Rites and Rituals of Corporate Life, Harmondsworth, Penguin Books. Handy, C. B. (1985) Understanding Organizations, 3rd Edn, Harmondsworth, Penguin Books. Parker, M. (2000) Organizational Culture and Identity, London: Sage.

The American Dream By James Truslow - 1643 Words

The American dream is a term often used as motivation for people who are seeking a better life outside of their torrid country. According to James Truslow, who coined the term American Dream, the definition is, â€Å"a dream of a social order in which each man and woman shall be able to attain to their fullest stature of which they are innately capable.† (68) The American Dream is sought out by many, but they are often denied the privilege of prevailing in a predominantly successful society run by the top 1% who care more about a person’s last name and economic status. For many, the American Dream is trading in the impoverished life they once lived in a second or third world country for financially stable and secure life to provide their family with a steady foundation for when they reach adulthood. Throughout history, influential figures have preached about the importance of the American Dream for the people of America, but in reality the American Dream is merely ficti on. For hundreds of years, minorities who arrive in America looking for a better life are waking up to the truth—the American Dream does not exist. While there are plenty of people who find success within America, more times than not they are already privileged white elites. The American Dream is just a dream for most because America in recent years has imposed a lot of obstacles: hardships relating to an inflated economy, no jobs, and a uniform system with no change is damaging the possibility of the AmericanShow MoreRelatedThe American Dream By James Truslow Adams1243 Words   |  5 Pagesspike in questionable practices further withheld the American Dream from those wishing to achieve it the way it was intended, through hard work and perseverance. In 1931, James Truslow Adams defined the American Dream, â€Å"life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement†, regardless of one s class or circums tances of birth. More and more people were being denied the American Dream every, yet they still strived to make something ofRead MoreThe American Dream By James Truslow Adams1130 Words   |  5 Pagesof the American Dream. The American Dream has changed dramatically over the few centuries. During the Founding Fathers’ time, many believed the American Dream meant freedom, equality, and mutual respect. Time has changed this ideology of the American Dream, which is now seen as owning a million dollar mansion with multiple luxury cars. This isn’t the case for many immigrants who come to the Americas to have a better life for themselves and their family. To many of them, the American Dream is as simpleRead MoreThe American Dream By James Truslow Adams Essay1886 Words   |  8 PagesJames Truslow Adams in 1931 coined the term â€Å"The American Dream† in his book The Epic of America (Michels, n.d., para. 1). He wrote of an America that offered freedom of religion, and speech, as well as political and social opportunities that few other countries offered. However, according to Eva Michels, â€Å"The American Dream† means something different for each individual, it refers to the way of life that Americans strive for and have equal rights to achieve regardless of social class or nationalityRead MoreJames Truslow Adams : The American Dream1800 Words   |  8 PagesThe American Dream The American Dream was something everyone wanted to achieve in the 1930’s; however, many people did not get there because they either gave up, or did not find what they were looking for. Many people were just looking to get away and find their own happiness so they made their own American Dream. As historian James Adams said ... a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest statureRead MoreThe American Dream By James Truslow Adams1707 Words   |  7 PagesThe American Dream, coined by James Truslow Adams in 1931, had been a popular term that had; given motivation to the dissatisfied, reduced the influence of race and one’s social position on achieving their goals, advertised America as a land that offered an abundant amount of possibilities that no other country could match, and unified the country under the same desire of wealth and prosperity, even in times of great des pair. Adams had constructed the idea, â€Å"...that American dream of a better, richerRead MoreThe American Dream By James Truslow Adams803 Words   |  4 PagesThe term â€Å" The American Dream† can be coined to historian James Truslow Adams in the early 1930’s. Adams believed that the true commitment for the American society was based of material success that was obtained by individual competition of the citizens. Furthermore, stating that the American citizens had been conditioned to desire success, with an honest belief that it was possible for one to achieve it. This was possible because the very principles that American society represented, helped eachRead MoreThe American Dream By James Truslow Adams1500 Words   |  6 PagesThe American Dream is the sole reason that millions of people decided to come to this country, whether it be generations ago, or last week. But even so, this shared dream faces problems. To solve the problem, the American Dream has to be defined. James Truslow Adams, author of the 1931 book The Epic of America, was the first person to mention and therefore define the American Dream. He established it as: â€Å"[T]hat dream of a land in which life should be better and richer and fuller for everyone, withRead MoreThe American Dream By James Truslow Adams1406 Words   |  6 PagesThis so called, â€Å"American dream.† Is it still around, waiting to be achieved by those who work hard enough? Is it effectively dead, killed off by the Great Recession and the economic struggling that many Americans have come to face in this day and age? There are alarming instances and facts, including trillions of dollars lost in the stock market (Paradise, 2009). These losses combined with the unquestionably high unemployment in the past few years, have contributed to seemingly dismal prospectsRead MoreJames Truslow Adams And The American Dream1392 Words   |  6 Pages While the idea of the American Dream became more popular during the 17th to 20th centuries, the achievability remained elusive due to a static and hierarchical social order that prevailed throughout this time. Thus, the tireless claims of the New Left for a reformed society are supported by the unchanging accessibility of the American Dream. In his book The Epic of America (1931), James Truslow Adams defined the American Dream as â€Å"that dream of a land in which life should be better and richer andRead MoreThe American Dream By James Truslow Adams1577 Words   |  7 PagesThe American Dream Lives On Since 1776, the â€Å"American Dream† has continued to evolve. Originally, our forefathers intended the American Dream to be a country where individuals were free from the tyranny of royalty and nobility, working as a part of a whole, making everyone comfortable and happy - all men created equal with equal opportunity. Over the years, this original intent has continued to change. In 1931, James Truslow Adams stated that the American Dream means that, â€Å"life should be better

Outsourcing of Accounting Functions

Question: Describe about the Outsourcing of Accounting Functions. Answer: Introduction All across the world, the inclination toward finance and accounting outsourcing (FAO) by organizations of all size and nature is rising. Companies are no longer focused on bringing services in house, rather they are now focused on optimization of supplier relationships and augmenting operational elasticity. In a perfect marketplace, all the transitions taking place in the outsourcing landscape would lead to substantial value creation for the users and enhanced profitability for both the service providers and the companies. However, not all the transitions will lead to the expected positive changes (Mclvor, 2005). The present paper attempts at understanding the nuances of outsourcing and analyzing its viability for the accounting firm. Outsourcing: An Overview In the simplest terms, outsourcing is when any process or operation that can be or would normally be conducted in-house by a companys workforce is sub-contracted to some other company for a considerable time. Such outsourced functions may either be performed off-site or on-site. In a literal connotation, outsourcing means use of external resources. It takes place when the implementation of processes, tasks and functions hitherto performed in-house is contracted to an external entity specializing in a particular domain based on long run collaboration (Vitasek, Ledyard and Manrodt, 2016). As per Quelin and Duhamels definition, outsourcing is the function of transferring a transaction which was earlier controlled internally to an outside vendor via a long-term contract (Adrian and Alexandru, 2012). As per this definition, strategic outsourcing has five characteristic elements: A close tie between the key success factor and outsourcing process of a company in a sector. The shifting of ownership of a company process earlier internalized, usually entailing a transfer of physical and human assets to the vendor. A global contract, intense and longer than a typical sub-contracting agreement. Service levels and obligations of both the parties defined in contractual terms. A long term binder between the two parties (Adrian and Alexandru, 2012). The FAO Industry The FAO marketplace is arriving at maturity with its growth narrowing down to -6%, as against the double digit increase some years back. Renewals now control a major share of the market activity which is yet another signal indicating maturity. The rate of contract termination fell in 2014, post a spike in 2013. SMEs and mid market companies are emerging as new customer segments. The contract scope is rising in respect of both geographies and processes being served Bhatnagar, Ranjan and Sinha, 2015Global sourcing is also on a hike due to rising pricing pressure from the purchasers. With a greater focus on outcome and output, hybrid pricing frameworks are playing a more significant part than they did earlier. The service vendors are also investing in process expertise and technology solutions to satisfy the evolving client expectations (Bhatnagar, Ranjan and Sinha, 2015). The main changes in the contractual features in the FAO industry are depicted through the following diagram: Figure 1: Main changes in contractual features (Source: Bhatnagar, Ranjan and Sinha, 2015) Benefits of Outsourcing Focus on core areas - It enables the company to concentrate on its value adding, core activities, without the disruption of having to perform support services. These support services may consume both managements financial resources as well as time, which could rather be spent on areas where the organization can use its competencies and resources to achieve competitive edge (Krell, 2007). Cost Savings - Normally the companies to which functions are outsourced specialize in such functions and hence, are going to reap economies of scale from the employment of expertise. There is a likelihood of additional savings in cost if the process is off-shored to a foreign firm functioning in a less costly labor area (Vagadia, 2011). Cost Reductions - As accounting processes are highly complex yet very important parts of a company, keeping a whole accounts department for the same entails budget draining hiring and training efforts. To prevent this, companies outsource either whole or part of their accounting activities to save up substantial operating costs. Quality Improvement - There could be instant improvement in quality if the finance and accounting functions are outsourced to a company having cutting edge expertise and where quality is cautiously outlined in a service level agreement (Valdez and Molyneux, 2015). Efficiency driven outcomes - FAO actually stimulates efficacy and enhanced business performance to any company. Owing to the highly competitive outsourcing market globally, outsourcing firms encounter the pressing need to espouse most recent technologies and customer satisfaction oriented strategies. In view of these situations, the client firms can look forward to efficiency driven outcomes for their projects, as the service providers cannot risk losing customers by providing low level services (Krell, 2007). Access to huge talent pool - If the accounting activities are externalized to a supplier, the client company invariably gains access to a huge talent reservoir, useful and effective for their business to scale up. Small, medium sized and start up firms normally devise a cost efficient business strategy covering outsourcing of internal FA activities in order to get these processes streamlined (Murphy, 2011). There are several accounting firms in both Australia and UK that have outsourced their payroll functions, tax compliance, treasury and cash management, general ledger management reports, accounts receivables, tax planning, budgeting and forecasting and internal audit activities to save costs and focus on their core areas (Murphy, 2011). Potential shortcomings of Outsourcing Security Risk A companys accounting is, by its very nature, a highly critical and sensitive matter. When the company sends all its financial information, statements and records to an external vendor, it stands the risk of losing insider knowledge on one of the most important components of the company (Murphy, 2011). Difficult to reverse Once the company outsources its accounting functions and the internal know-how is moved out, it becomes really challenging to bring that function back in-house. This is especially pertinent during the time of contract renewal: the price hike may be greater than anticipated, but it can be hard to leave the vendor (Bruin, 2015). Less Control When the employees are managed in-house, the management has more power on how things function, from daily processes to training. While a vendor is likely to train its workforce as per the clients preferences, there is always likelihood that some important aspects may not be covered (Murphy, 2011). What must be outsourced? The decision to whether or not the company should outsource its accounting functions can be made easy by understanding what must be outsourced. Harmons Process Strategy Matrix presents helpful guidance regarding which functions can be outsourced safely, and which must be performed in-house (Koszewska, 2004). It makes use of two axes: Strategic significance of the process, and Dynamism/complexity of the function Figure 2: Process Strategy Matrix (Source: Koszewska, 2004) If the process is in the right hand pair of boxes, where its strategic importance is high, then in such cases outsourcing is not advisable. If the business function is strategically significant, it is probably a source of competitive edge. If this is outsourced then the organization would be letting out its most valuable secret (Koszewska, 2004). Summary To summarize, it can be stated that the use of FAO in spreading all across the world. Such outsourcing arrangements provide accounting firms the opportunities to considerably mitigate costs, access updated technology and improved skills and reap many other advantages. The buyer-supplier relationships and contractual agreements in the FAO market are also taking new forms, giving the client companies more leverage. Recommendations From the analysis of the function of outsourcing provided above, and in light of the weighted pros and cons, the accounting firm is advised to outsource its accounting and finance functions. However, there are some recommendations that the firm should follow before deciding on outsourcing the process. Firstly, it is important to conduct a cost-benefit analysis. It should compare and contrast the cost of keeping a finance division in-house, taking into consideration, expenses such as office space, training, equipment and software, salaries and benefits with the entire expense of hiring external vendor to accomplish the same objectives. All the costs pertaining to outsourcing should be clearly mentioned in the written agreement so that there is no likelihood of hidden costs. The more specific and detailed the consented expectations are, the higher the prospects of avoiding unforeseen costs in the future. When outsourcing the accounting functions, it is particularly crucial to unmistakably comprehend and consent on how any required data will be accessed, how often, who can access it and in what format. This would reduce the security risk associated with the process of outsourcing. If the vendor is situated offshore, then it is vital to comprehend how the different time zones, locations, languages and culture are addressed. It is recommended in such cases, that the accounting firm addresses external political or legal risks well ahead of time. Word Count - 1483 Communication Plan As outsourcing of accounting functions is recommended, the stakeholders will be informed about the change by holding a meeting in which they will be addressed about the benefits of outsourcing for the accounting firm. Subsequent to this, a detailed plan encompassing changes in work structure and resource allocation will be communicated to the stakeholders through both the meeting and an email. References Adrian, V. and Alexandru, D., 2012. Outsourcing: The Concept. Theoretical and Applied Economics. 19(6).pp.51-58. Bhatnagar, S., Ranjan, R. and Sinha, N., 2015. Finance and Accounting Outsourcing (FAO) Annual Report 2015 Generating Value through Innovation. Everest Group. Bruin, B., 2015. Ethics and the Global Financial Crisis. CUP. Koszewska, M., 2004. OUTSOURCING AS A MODERN MANAGEMENT STRATEGY. PROSPECTS FOR ITS DEVELOPMENT IN THE PROTECIVE CLOTHING MARKET. AUTEX Research Journal. 4(4). Krell, E., 2007. Outsourcing the Finance and Accounting Functions. [pdf]. Available through: https://www.cimaglobal.com/Documents/ImportedDocuments/tech_mag_outsourcing_the_finance_and_accounting_functions_oct07.pdf.pdf. [Accessed on 9th September 2016]. Mclvor, R., 2005. The Outsourcing Process: Strategies for Evaluation and Management. CUP. Murphy, C., 2011. The finance transformation the Outsourcing Perspective. [pdf]. Available through:https://www.in.capgemini.com/resource-file-access/resource/pdf/Finance_Transformation__The_Outsourcing_Perspective.pdf. [Accessed on 9th September 2016]. Vagadia, B., 2011. Strategic Outsourcing: The Alchemy to Business Transformation in a Globally Converged World. Springer Science Business Media. Valdez, S. and Molyneux, P., 2015. An Introduction to Global Financial Markets. Palgrave Macmillan. Vitasek, K., Ledyard, M. and Manrodt, K., 2016. Vested Outsourcing: Five Rules That Will Transform Outsourcing. Springer.

Informational Essay Third Grade Examples

Informational Essay Third Grade ExamplesStudents who are in the third grade and above usually get assigned third grade essays. These are also known as the 'Do it for yourself' essays. In this article, I will look at some informational essay third grade samples that can help your student's essay writing skills.A very easy, informative essay third grade sample would be to follow the English essay example by Ken Ludwig. The text is short, simple, and concise and it contains the important information. But how do you create a very good essay in this simple and very brief example? First of all, your student must read the text so he or she will understand the content well.He or she must use the basic sentence structure of Ollie's To-Do List. Students may have a hard time thinking about all the items on their lists. It would help if you asked them to write down some items and assign them to the correct 'to do' list. In this case, the bottom line will probably not be completed, so the items w ill be a little bit more complicated than just using verbs to make a list. Remember, you want your student to learn how to organize the information in a way that makes sense to him or her.There are also many educational essay examples available online that you can try out. You can also use an online search engine to look for different types of written assignments. You will be able to find plenty of excellent samples.You may want to use something a little more complex and more complicated to help your student understand what the assignment is about and how to solve the problem. One example would be to take some other student's essay and combine it with some other content. For example, you could turn it into a children's book. This would be a wonderful, interactive experience for your students.In order to develop a quality informational essay, you must provide your student with an organized, engaging essay. A student cannot properly read and understand a single text that you are assig ning without having an organized system in which to access the required information.If you can get one of these students to read your assignment, you have a shot of getting a great one. But if you are forced to read the work on paper, even after receiving a lot of advanced homework help, I would suggest that you buy some informational essays for your own students, whether they are in third grade or higher.Some teachers make it their business to read every assignment that their students to submit to them. Most of the time, this is not necessary, but if you like to keep your students on a higher level of education, then doing it will help you to teach them better.