Cosmetic Surgery A Risky and Costly Procedure - 1355 Words

If one is considering cosmetic surgery I suggest reconsidering. Research shows cosmetic surgery can be a risky and costly procedure. Society is pressuring people to look more attractive. Media shows actors to be flawless and the public feels that one should be compared to these actors. Cosmetic surgery is becoming more popular is today’s culture. People are turning to cosmetic surgery for many reasons, some of them are not healthy. Why do people go to such dangerous measures to look more attractive? People may be getting cosmetic surgery because the media makes a person feel unattractive. The media shows us these beauty queens that we feel like we have to live up to and compare ourselves to. As a society, it seems that we see the†¦show more content†¦This is ridiculous because that is not a good reason to get surgery. These procedures have not been monitored properly for protecting one’s safety. Time for a reality check, is this procedure really worth the risk? â€Å"The risk of death from liposuction is one fatality per 47,415 procedures.† (CQR, 5). Cosmetic surgery can result in death and many other negative effects. Popular side effects include: necrosis (death of tissue), hematoma (a collection of blood), infections, and death. Risks are much higher if the person is a smoker (Ten Plastic Surgery Risks You Need to Know, 2). Plastic surgeon Edward Melmed stated â€Å"Of 500 patients whose silicone implants he removed between 1992 and 2004, half had suffered a rupture within ten years of getting the implants, and 94 percent had ruptured within 20 years.† (CQR, 2). Not only is the procedure dangerous for a person’s body but it is also dangerous psychologically. One needs to understand and be informed that surgery will not reverse the aging process. A person cannot expect to receive eternal life from multiple surgeries to keep skin looking young. Wrinkles will always come back, which means more surgeries and prolonged healing. One must not have high standards going into a surgery expecting to come out beautiful right away. Cosmetic surgery will not make problems in life disappear. Surgery is not an instantaneous solution toShow MoreRelatedPlastic Surgery And Cosmetic Surgery1496 Words   |  6 PagesPlastic surgery has become an extremely popular trend throughout the past years of the American culture. There are many reasons why people get plastic surgery, however, our society is the first to judge an individual for getting a procedure done. The controversy regarding plastic surgery is extremely relevant and has received major attention through celebrities, television, and social media. However, many individuals are unaware that there is a difference between both plastic surgery and cosmetic surgeryRead MorePlastic Surgery And Its Effects Essay1664 Words   |  7 Pages Each year, the plastic surgery industry brings in $10.1 billion dollars in the United States alone (Goudreau). The surgery i tself consists of two types: reconstructive surgery, which â€Å"replaces damaged tissue with healthy tissue from another area of the body† (Lee), and cosmetic surgery, which is the removal or addition of tissue in order to â€Å"make a person look younger or more attractive†(Gregg). Plastic surgery comes from the Greek word plastikos, which means to shape or to form (Gregg). DatingRead MoreThe Risks Of Psychiatric Screening1587 Words   |  7 Pageseasy steps. They believe that the outcome of a surgery is dependent on a patient’s satisfaction and that a patient could avoid the risks by consulting their surgeons before the surgery. In order to decrease the risks, these psychologists suggest the patients to discuss the â€Å"risks, benefits, limitations and expected results for each procedure undertaken† with their surgeons (Ericksen and Billick para. 11). To be clear, in order to have a successful surgery, the patients should know what they are lookingR ead MoreCosmetic and Weight Loss Surgery2384 Words   |  10 Pagesthey turn to cosmetic and/or weight loss surgery. Although cosmetic surgery can improve one’s self-image, it can also have a lot of disadvantages which can lead to many risks, even death. Most people believe that having cosmetic and weight loss surgery will help solve all their problems in life. Unfortunately, that does not always happen. These surgeries come with more negatives then positives and can cause numerous long term problems for a patient. The first negative for cosmetic surgery is the painRead MoreCosmetic Surgery Should Be Done For The Right Reasons1832 Words   |  8 PagesCosmetic Surgery is elective and should be done for the right reasons. Therefore, I believe that Elective Cosmetic Procedures should not be done, purely for the reason of vanity because these surgeries are expansive and dangerous, but with the exception to fix some serious malformation or repair damages from accident or illness. Moreover, these surgeries are related to many risks factors that can cause infection and those infections can change individuals’s life forever because sometimes it canRead MoreTeen Plastic Surgery2711 Words   |  11 PagesTeen Plastic Surgery Cosmetic plastic surgery has been increasing rapidly in the medical field, and making its way to the top of the beauty spectrum when it comes to what is important. Teenagers, especially adolescent girls, have been exploring the new ways to enhance their external appearance, and not with just lipstick and eye shadow. In the past three decades, surgeons, magazine editors, and book authors have been investigating the consequences, good and bad, of having cosmetic surgery at such aRead MoreFamily Guy By Seth Macfarlane1555 Words   |  7 Pageslose some weight. Peter, also overweight, puts his son on a diet with an exercise plan. After seeing no results, he takes his son to a plastic surgeon to help him lose the weight he wants, but Chris turns it down. In turn, Peter gets the liposuction surgery, has butt implants and several other things done to himself. Peter turns into a very conceited â€Å"beautiful† person. While all of these things are going on, Stewie beings taunting Ch ris and ends up with an eating problem that makes him also makes himRead MoreWhat Makes A Person?2063 Words   |  9 Pagesmurder. People can die from this discrimination. So people who are suffering from discrimination are trying plastic surgery. They think by fixing their appearance will make them more confident and cure all of their psychological problems. Another reason why people are having plastic surgery is that they get obsessed with their appearance and want to improve by doing plastic surgery. These days, as technology develops, people are exposed to enormous amount of information and social media. â€Å"ExposureRead MoreAbout Face: the Face Transplant Debate6103 Words   |  25 Pagesthe quality of life, where organ transplants succeed, recipients’ health can be restored dramatically. It is only natural that phenomenal strides in transplant science and surgery now present society with a much different and complex prospect: transplantation of the human face. Until recently, transplant procedures were done only in life-threatening cases, and transplanted organs were internal and non-visible. Essential to each of us and to the whole of humanity, the face is primal in its individualRead MoreMiss23262 Words   |  94 PagesStrategy 3. Evaluating a Company’s External Environment  © The McGraw−Hill Companies, 2010 64 Part 1 Concepts and Techniques for Crafting and Executing Strategy †¢ †¢ †¢ †¢ sales levels. When a product is perishable, seasonal, or costly to hold in inventory, competitive pressures build quickly anytime one or more firms decide to cut prices and dump supplies on the market. Likewise, whenever fixed costs account for a large fraction of total cost (so that unit costs tend to be lowest

The Manhattan Project Essay - 941 Words

The Atomic Bomb The research for the first Atomic bomb took place in the United States, by a group of nuclear engineers; the name of this research was called, â€Å"The Manhattan Project†. On July 16, 1945, the detonation of the first atomic bomb was tested near Los Alamos, New Mexico. As the atomic bomb was detonated, it sent shock-waves across the globe, which demonstrated that nuclear power would forever change the meaning of war. To create a nuclear bomb, nuclear fission must occur. The process of nuclear fission was splitting the nucleus of an atom. Splitting an atom was caused by neutrons firing through one atom and then that atom’s neutrons shoot off into other atoms, starting a chain reaction. In October of 1934, Enrico Fermi, and†¦show more content†¦Oppenheimer had named the first tested nuclear explosion â€Å"Trinity†. This test was for the implosion-design plutonium bomb, which had the same design as Fat Man, dropped on Nagasaki. After the successful test ing of Trinity, Oppenheimer quoted from the Bhagavad Gita, â€Å"If radiance of a thousand suns were to burst at once into the sky, that would be like the splendor of the mighty one. Now I am become Death, the destroyer of worlds.† Leo Szilard was a Hungarian Physicist who dedicated himself to learning how to create a successful chain reaction to make an atomic bomb before the Germans had a chance to do so. Szilard convinced Albert Einstein to help research with him on how to create an atomic bomb. The â€Å"Einstein-Szilard† letter, sent to President Franklin D. Roosevelt led to the foundation of research into nuclear fission by the United States government. This ultimately encouraged the development of the program, the Manhattan Project. Albert Einstein wrote a letter to the Belgian Ambassador to stop selling uranium to the Germans so they could slow their progress on the atomic bomb. He also wrote a letter to President Roosevelt announcing the importance of the Unit ed States to create the bomb before other countries. Other than writing and signing letters, Einstein himself did not play a role in developing the atomic bomb. Enrico Fermi was awarded the Nobel Prize in Physics in 1938 for his workShow MoreRelatedThe Manhattan Project1114 Words   |  5 PagesThe Manhattan Project The Manhattan Project was to see if making an atomic bomb possible. The success of this project would forever change the world forever making it known that something this powerful can be manmade. The Manhattan Project’s success was something that had an impact on everybody involved since they helped create something with so much destructive power it could destroy a city within seconds. The University of Chicago in Illinois had a huge role with the making of the atomic bombRead MoreThe Manhattan Project568 Words   |  2 Pagesneutral so it sent suicide bombers to attack our naval base in Pearl Harbor on December 7, 1941. Thus leading into the use of the atomic bomb, but first the construction, an event referred to as the Manhattan Project. The name Manhattan Project came about because the program began under the Manhattan Engineering District of the War Department. Early 1939, the scientist of the world learned that German scientist had discovered a way to spit a uranium atom, created a bomb that was capable of the destructionRead MoreOutline Of The Manhattan Project1621 Words   |  7 Pages The Manhattan Project Jervontae Young Mr.Davis English III 16 october 2017  Outline Thesis Statement: The Manhattan Project was the American program for researching and developing the first atomic bombs because of the project it cost a lot of people their lives. Introduction Which President form the Atomic Bomb in why? The agencies leading up to the Manhattan Project were first formed in 1939 by President Franklin D. Roosevelt U.S. intelligence operatives reported that scientists workingRead MoreThe Manhattan Project : The York Project2877 Words   |  12 PagesHonors - Period 3 30 November 2014 The Manhattan Project Everyone has secrets, even the U.S. Government. The Manhattan project was one of the many secrets the Government kept from the United States until after the damage was done. What was the Manhattan Project? The manhattan project was a multi-billion dollar enterprise, 2.2 billion to be exact, that provided U.S. Military forces with the single most destructive weapon known to man; the atomic bomb. The project was to be a kept at high secrecy fromRead MoreEssay on Manhattan Project1664 Words   |  7 Pagesamp;quot;The Manhattan Projectamp;quot;. 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Something that apparently Hitler did not quite think about, was theRead MoreThe Manhattan Project Essay901 Words   |  4 PagesThe world was shocked when the United States dropped two atomic bombs on Japan in 1945. The bombs were a result of years of research and testing completed by the nation’s top physicists in a top-secret project called the Manhattan Project. The Manhattan Project was a crucial development by the United States because it quickly ended the war with Japan. In August 1939, Albert Einstein and Leo Szilard drafted the Einstein-Szilard letter to send to President Roosevelt. The letter outlined the needRead More The Manhattan Project Essay1507 Words   |  7 PagesThe Manhattan Project The Manhattan Project was the code name of the America’s attempt to construct an atomic bomb during World War II. It was named after the Manhattan Engineer District of the U.S. Army Corps of Engineers, because a lot of it’s earlier research was done in New York City. 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Albert Einstein was undoubtedly one of the geniuses of the twentieth century. His work with gravity, relativity, light, and the universe helped to herald in a golden age for the study of science, of which scientists are still marveling at and studying today. Additionally, he was well-known for his participation in the Manhattan Project and the construction

Factors Affecting Mammal Populations Free Essays

string(41) " as a more strategic attack was adopted\." What do you understand by the term Strategic Human Resource Management? Is there any grounds that this is a utile construct in assisting administrations to maximize the part of their employees and there by contribute to the competitory advantage of the administration. As a consequence of your reappraisal, what changes can you urge to your administrations HR scheme? My Administration Scapa Tapes Ltd is presently a maker of different tapes merchandises which has a planetary work force of over 1000 people, I use the term presently as with the of all time germinating planetary market, who knows what they will be making in 100 old ages as they started as a drier doing company, the present Scapa Tapes Ltd was formed in a 1927 as Scapa Dryers Ltd, Rotunda became the first tapes company to fall in Scapa in 1987, in the following 10 old ages Scapa acquired a figure of other tape companies in an acquisition craze most noteworthy: – Lindsay and Williams Ltd ( UK ) 1988, Adenax ( Italy ) 1992, Saba ( France ) 1993 Barnier ( France A ; Germany ) 1993, Renfrew Tapes ( Canada ) 1995, Coating Sciences Inc ( USA ) 1995, Finite ( USA ) 1997, Sellotape Industrial ( UK A ; Switzerland ) 1997, The tapes companies become known as Scapa Tapes in 1998, a twelvemonth subsequently Scapa Tapes divested the traditional paper concern to concentrate to the full on the tapes concern. Another acquisition programme began in 2000 and by the terminal of 2001 the had acquired Acutek International Incorporated ( USA ) , Great Lakes Technologies, Medifix Adhesive Products ( UK ) , Lusa Incorporated ( USA ) And eventually Cable Components ( UK ) , during this clip they entered into a joint venture with Mei Wei Holdings ( HK ) this was a important measure as this gave Scapa entree to markets throughout the Far East to congratulate the sites around Europe and North America. We will write a custom essay sample on Factors Affecting Mammal Populations or any similar topic only for you Order Now www.scapa.com In 2004 and with the Ashton site was losing ?3 million a twelvemonth, a reappraisal of the construction of the company took topographic point and sweeping alterations to the construction of the company were made and a whole new in-between direction squad was recruited. During many of these ulterior acquisitions there was a degree of Strategic Human Resource Management, besides in the restructuring programmes at that place would hold been person looking at the scheme for human resources. Strategic Human Resource Management Most people would hold that administrations cardinal assets are the people whom the administration employs ; they are the people that finally make a difference to whether the company succeeds or failures. It is imperative to any administration that it secures the right people to make the right occupations at the right clip. Once you find these people it is indispensable that the administration keeps these â€Å" human resources † engaged, the Harvard concern reappraisal OnPoint stated â€Å" Staff wellbeing and their degree of satisfaction has been found to straight impact on organizational public presentation † Strategic human resource direction is a common attack to the strategic direction of human resources in line with the purposes of the administration on the future way it wants to take. Human resource direction is aligned with longer-term people issues and macro-concerns about organisation, excellence, civilization, rules, committedness and duplicate resources to future demands of the administration ( Armstrong, 2001 ) . Strategic human resource direction evolved from forces direction which was ab initio concerned with the development of people in mills, and was introduced to turn to issues sing the ailments and the wellness and public assistance of the workingmans. Traditionally proprietors and directors thought the lone thoughts of any importance were their ain, this bureaucratic attitude was reflected in the work of Fredrick Winslow Taylor ( 1911 ) , Taylors ‘ theoretical account of scientific direction was fundamentally, directors were at that place to program, and control undertakings and the work force was expected to transport out their instructions. ( Torrington et al 2005 ) . As the kineticss in the relationship with the trade brotherhoods and direction changed the forces direction duties grew beyond public assistance to other countries such as guaranting agreeable industrial dealingss and successful forces disposal. During this period the importance was on formulating and guaranting the conformity to systems and procedures.www.alagse.com sourced 21st February 2011. With the outgrowth of the planetary market there were alterations in the economical state of affairs brought approximately by increasing competition. This competition resulted in an addition in the handiness of clients. It besides ensured more pick for these clients. That in bend, gave a new facet to the market place it gave clients ‘ a possible penchant. This in consequence compels companies to constantly innovate and give the type of value to clients that the competition can non fit. With this displacement in concern kineticss, companies realised that people within the administration and their cognition is the lone resource of sustainable competitory advantage. As other resources related to stuffs, equipment, engineering, fundss etc. have proved short lived, in the absence of the human capital capable of utilizing these resources efficaciously and expeditiously ( Guest1987 ) . This can be summed up as if you do non hold good trained staff running a machine or system so the ma chine or system is efficaciously merely every bit good as your worst member of staff. Companies now bank on people ‘s country of expertness and their consciousness of markets, particularly client outlooks and challengers market moves, for developing advanced new merchandises. This alteration in attack of direction saw the outgrowth of the thought of Human Resource Management. This flexibleness and committedness are frequently, but non ever dissimilar within Human Resource Management and asks new inquiries refering these subjects. Committedness within the workplace is recognised as the dedication of an employee to their employer. There is a positive relationship between the degree of committedness and a high degree of employee satisfaction, self-respect, psychological engagement, efficiency and increased productiveness ( Guest 1987 ) . The distinguishing factors There have been invariably debates about whether human resource direction represents a new theory in the development and betterment of forces direction as a more strategic attack was adopted. You read "Factors Affecting Mammal Populations" in category "Essay examples" Based on research by Warwick University ‘s IR Research Unit in the late eighties through a wide-ranging survey of varied companies, Storey in 1992 conducted a painstaking survey to distinguish between Human Resource Management and Personnel Management and his elaborate decisions under four wide classs can be seen in Appendix 1. The function of the Strategic Human resource is acquiring of all time more demanding with issues of employee engagement, human resource flow, public presentation direction, wages systems and high committedness work systems in the context of globalisation. Some of the chief issues that HR professionals and senior direction involved in Strategic Human Resource Management are contending with in the first decennary of the twenty-first century include. â€Å" Internationalization†¦ Increased competition†¦ Technological alteration†¦ New constructs of line and general direction†¦ Corporate climes†¦ . Cross-cultural issues†¦ . The economic displacement in†¦ SHRM besides reflects some of the chief modern-day challenges faced by Human Resource Management: Aligning HR with nucleus concern scheme, demographic tendencies on employment and the labor market, incorporating soft accomplishments in HRD and eventually Knowledge Management. † www.ezinearticles.com accessed 28th January 2011. An illustration of this internationalization is the Strategic Human Resource Management within Scapa. It is really complex as the company is a transnational endeavor, it has to take into consideration the cultural differences between the states that its sites are situated. This includes the United States of America, Canada, France, Korea, Malaysia, Italy every bit good as the United Kingdom. There is an old expression originally used by Buckminster Fuller who stated â€Å" planetary thought, local action † . There are some distinguishable deductions within SHRM in administrations which are associated straight with globalization and internationalization, perchance the biggest being linguistic communication accomplishments, and the transferability of direction accomplishments as different civilizations react otherwise to different direction manners. ( Hofstede, 1980 ) . Some issues for Human Resource Management in an internationalised environment as described by Torrington et Al are, â€Å" these issues include how can the cultural differences be accommodated and how effectual communicating can be maintained across long distances, different clip zones, different direction premises. Changing national norms and different linguistic communications † Torrington et Al ( 2009 ) . In these different states there are besides differences in the Laws, Education, Social proviso and Pensions etc. this makes the occupation of Strategic Human Resource in an international context really disputing. Hofstede ( 2001 ) discussed the cultural differences and the power distance in over 40 states, his findings could be inaccurate as all the participants of his research worked for the same company and this does non give a full demographic contemplation. Strategic Human Resource Management can embrace a figure of Human Resource schemes such as the analytical Harvard Framework ( 1984 ) or the Balanced Score Card ( BSC ) , Kaplan and Norton ( 1992, 1996 ) . There may be schemes to present sensible and even-handed payment, to develop public presentation or to reconstitute organisations. However, in themselves these schemes are non strategic human HRM. Strategic HRM is the overall construction which determines the form and bringing of the single schemes. The undermentioned definitions are from the CIPD book Strategic HRM: the key to improved concern public presentation, within which there is wide-ranging coverage of the assorted definitions and attacks to HRM, scheme and strategic HRM. â€Å" Strategic HRM is based on HRM rules integrating the construct of scheme. So if HRM is a logical attack to the direction of people, strategic HRM now implies that that is done on a planned manner that integrates organizational ends with policies and action sequences † . www.cipd.co.uk sourced 28th January 2011 The primary end of strategic human resources is to increase employee efficiency by looking at the obstructions that occur outside of human resources. The primary actions of a Strategic Human Resource director are to acknowledge cardinal HR countries where schemes can be implemented in the long tally to better the overall employee motive and efficiency. Communication between HR and senior direction of the administration is indispensable as with no active engagement no coaction is accomplishable. The cardinal elements of Strategic Human Resource Management are the precise relationship associating HR policy and patterns and overall organisational strategic ends and the organisational environment. There should be a procedure for fall ining single human resource intercessions so that they are every bit supportive and eventually a big portion of the duty for the direction of human resources should be passed down the line to line directors. www.cipd.co.uk sourced 1st February 2011. A Human Resources Executive as a member of senior direction must set up what patterns, plans, policies and attacks will optimise the realisation of the organisation aims. This means that in his place he must be responsible for originating and implementing the most effectual use of the human assets at all degrees. The primary map of the human resources place is to do an of import part to the development and apprehension of both the administration ‘s long term and short-run aims, whilst assisting, where possible, each employee to develop to the fullest extent of his possible. This requires a mechanism and concern effectivity adviser as contrasted with the traditional function of the forces manager. www.EzineArticles.com Scapa ‘s Human Resource Director function, should hold the duty to invent, suggest and put to death, processs and policies and program to guarantee the most â€Å" effectual planning, enlisting, choice, use, motive, development, and compensation of the organisation human resources ; and lend to the development and accomplishment of the organisation long-range and short-run aims by originating and implementing employee dealingss patterns which will enable and promote each employee to recognize his personal ends while maximising his part to concern effectivity ; supply for the declaration of direction jobs and the realisation of chances through advanced attacks to human resources direction. † www.ezinearticles.com sourced 7th February 2011. The Strategic Human Resource Management map at Scapa is really much in the background. Though it is unusual that everybody knows that the administration has a Human Resources Department, it is frequently seen as the topographic point you go to acquire disciplined, the premise that most people within the administration have no thought of the undertakings that HR section undertake on a twenty-four hours to twenty-four hours footing. They do non understand that most of the policies and process to filtrate down into the administration are from determinations made at a higher degree. Strategic Human Resources Management is an of import plus to any concern as it provides expertness in enlisting, choice and employee dealingss. It plays a major function pull offing alteration and easing preparation and development, in enlisting, choice and employee dealingss, it is built-in in determinations made about pensions and benefits, and possibly most significantly it plays a major portion in pass oning with employees. The Strategic HRM program within Scapa encompasses many countries, it surely contributes to the competitory advantage of the administration, holding late under gone a major restructuring of our senior executives and planetary direction squads the scheme of the concern and the HRM have been entwined. The scheme of HRM at Scapa is therefore described as â€Å" to guarantee that Scapa has the right people, optimally deployed and decently engaged to present the scheme and concern consequences † Appendix 2 Key countries within the Scapa scheme for Human Resource Management are: – Organisation Design, as administrations are non inactive, alterations are continually taking topographic point in the concern, the environment in which the concern operates, and people who are employed within the company. There is no concern utopia, the most we can anticipate is to accomplish the â€Å" best tantrum † available between the construction and these altering fortunes ( Armstrong, 2001 ) . Scapa as an administration appears to utilize a best fit attack to near to HRM, as the administration ‘s attack to HRM appears to be based on eventuality theory: in other words, â€Å" that different fortunes, conditions, and concern aims will necessitate different types of HR policies and patterns. Rather than there being one best manner, the best fit attack tends to presume there will be one most suited manner of pull offing HR in line with concern scheme † . Though it this does hold its disparagers who ask â€Å" whether many houses truly have a competitory scheme and how this can be identified, and suggest that it is invariably altering in line with the competitory environment-all of which make it impossible for those inventing HR policy to be able to accomplish the best tantrum. † www.jrank.org/business sourced 15th February 2011. Attraction and choice, the focal point here being on pulling, and engaging the right endowment for the concern, that is capable, a good cultural tantrum and low-cost. This is even more of import at the higher terminal of the administrations construction. In his summing up of the competition for endowment ( Williams, 2000 ) used an interesting metaphor â€Å" today ‘s high performing artists are like toads in a wheel barrow they can leap out anytime † this should be taken as significance that you should non set a palpebra on them, but make the topographic point attractive plenty that they want to remain. Though the balance has to be right between internal and external enlisting otherwise employee battle could be affected. Performance Management, the purpose here is to inspire the public presentation direction system and that answerabilities are aligned to scheme and that ownership is understood and delivered. Armstrong and Baron ( 2000 ) specify public presentation direction as â€Å" a strategic and incorporate attack to presenting sustained success to administrations by bettering the public presentation of the people who work in them and by developing the capablenesss of squads and single subscribers. † The Strategy for this has to be decided at a higher degree but the application of the schemes have to be driven by line directors. Leadership Development, another of Scapa ‘s enterprise is to set up effectual leaders in all degrees of the administration, aiming development and guaranting robust sequence planning is in topographic point. Whereas the in the 80 ‘s a more formal attack to sequence planning was used, which included cautious analysis of the occupation to be filled, Torrington, Hall and Taylor ( 2000 ) comment that â€Å" the focal point now tends to be on the demand to construct and develop a pool of endowment, without such a position as to how this endowment will be used in the hereafter. † This suggests that administrations are going more people orientated and constructing endowment pools instead than merely make fulling functions. Reward and acknowledgment are of import as no people in the administration work for no wages, be that fiscal addition or even psychological addition, therefore it is in the administrations best involvements, to invent and set into pattern a just and crystalline acknowledgment strategy that focal point ‘s on consequences. Battle, it is of import to continually better employees understanding of the concern and the administrations values and to prosecute in meaningful duologue and develop a â€Å" Scapa manner † , this is achieved in someway by running European broad forums and the Scapa employee questionnaires, which are filled in around the Earth at Scapa sites and are a good manner of looking how different civilizations are engaged in different ways. This is to assist the administration to develop a belief and committedness to the administration ‘s intent and way. Green ( 1999 ) There is some grounds that this Strategic Human Resource Management is a utile construct in assisting administrations to maximize the part of their employees and there by contribute to the competitory advantage of the administration. Within our administration we have the alone accomplishments and resources working to implement schemes that rivals can non implement as efficaciously. It is non adequate though for an administration to merely to hold an advantage over your rivals. You have to be able to battle today ‘s fierce market forces and uncertainness. The administrations competitory advantage demands to be sustainable and able to digest the trial of clip for your company to be great this is because most advantages can be duplicated within a period of clip. Michael Porter, the Harvard competitory advantage guru, amounts this up by stating, â€Å" It is improbably chesty for a company to believe that it can present the same kind of product/service that its challengers do and really do better for really long. It is highly unsafe to wager on the incompetency of your rivals † . www.homebusiness.about.com. Sourced 13/02/2011. The administration usage a host of these schemes to seek and derive some competitory advantage, we use many at the same clip. The current authorization which is being driven and became a policy of the company is the Thin Six Sigma attack which the administration is taking to implement. This encompasses many of the countries that the administrations schemes aim to act upon. With the demands of the administration, make up one’s minding that Lean Six Sigma was the manner frontward, this was an illustration of the how the organizational design portion of the company scheme can act upon other countries of the Strategic Human Resource Management. Other considerations of the attractive force and choice of, in the first case the advisers and so the people who are needed to go green belts and finally black belts in the doctrine of Lean Six Sigma. The administration will be looking for people to drive forward the squads and run the Lean Six Sigma undertakings. This would promote more focal point on public presentation issues and wages and wage. This would prosecute people as they realised that, there was another agency of ego realization within the administration. Maslow ( 1987 ) . Basically the HRM Strategy should aline with the concern scheme. This should include proposals on increasing competitory advantage through invention taking to merchandise / service distinction, productiveness additions, improved quality / client service, cost decrease. Within the administration we used a signifier of suggestion strategy which we called â€Å" Scapa ‘s Got Talent † the administration used this strategy to come up with tonss of different thoughts to guarantee that the administration have a steadfast base on which to so look to introduce. With tonss of little betterments Recommendations that I would do to better my administrations would be: As the Human Resource Management Strategy is confidential there is a really limited sum of people who understand the overall ends of the HRM. There is a demand for the administration to be more crystalline as most things that are done seem to be cloaked in secretiveness, by doing the HR Strategy confidential it prevents certain groups from cognizing the all right points of the scheme. They ever know the HR Strategy exists, but they have no entree to the item of the scheme. Transparency is one of cardinal rules for Human Resources. Transparent human resource scheme brings focal point on the scheme and can be to the full discussed in the organisation as all the employees and directors have a opportunity to inquire about the finer points of the scheme this evokes argument. The human resource scheme is a life papers and as a life papers, it can non be confidential, hence one of my recommendations would be for a more crystalline Human Resource Management Strategy. www.yourhrmguide.com sou rced 24th February 2011 Strategic Human Resources Management is driven by corporate civilization, directors and employees, and these are different in every administration. www.jrank.org Distinguishing factors – HRM and Personnel Management Key Aspect Personnel direction HRM Beliefs and premises Contract Careful word picture of written contract Aim to travel beyond written contract – spell by the spirit of the contract Rules Push on inventing clear regulations â€Å" can make † attitude – restlessness with regulations Guide to direction action Procedures Business and client demands, flexibleness, committedness Behaviors In line with imposts and norms In line with values and mission Directors ‘ undertaking Monitoring Fostering Strategic facets Cardinal dealingss Labour direction Customers Enterprises Piecemeal Integrated Corporate program Marginalized Cardinal Speed of determinations Decelerate Fast Line direction Management function Transactional Transformational leading Key directors P A ; IR experts Line directors Skills Negotiation Facilitation Key levers Attention Forces processs Cultural and structural issues and forces schemes Choice Fringy importance Integrated and cardinal undertaking Wage Job rating Performance based Communication Restricted flow / indirect Increased flow / direct Job design Division of labor Team work Conflict handling Impermanent footing Pull offing civilization and clime Training A ; development Controlled entree to classs Learning organizationsAppendix 1 hypertext transfer protocol: //www.alagse.com/hr/hr2.php How to cite Factors Affecting Mammal Populations, Essay examples

Accounting for Management Decisions

Question: Discuss about theAccounting for Management Decisions. Answer: Introduction: Wesfarmers Limited: From their establishment in 1914, who was formed as Western Australian Farmer Cooperative, they have qualified to be the largest among the listed companies of Australia. They have their head office in Western Australia. Their wide variety of business involves liquor, supermarkets, convenience stores, hotels, office supplies and home improvement. They also have business departments in fertilisers and energy, chemicals, coal, safety and industrial products. Wesfarmers positioned among the largest employers in private sector employing approximately 220,000 employees and shareholder stands of around 530,000 (Wesfarmers.com.au 2016). Wesfarmers aims to attain their objectives through: Fulfilling the requirements of consumers by proving the services and goods on a professional and competitive basis Through carrying out existing operations in an effective way and seeking enlargement opportunities, contributing to the prosperity and growth of the company. Providing a fulfilling and safe working atmosphere for the workers, giving award for exceptional performance and making way for advancement prospects Giving much importance to environment protection Operating with honesty and integrity in carrying out outside as well as inside trading of the company Woolworths Limited: Woolworths is the biggest chain for supermarket in Australia. They operate 961 stores and employ 111,000 team members around Australia. They provide their customers with support offices and allocation centres to offer their consumers with better value, range, services and convenience. Woolworths are confident about working closely with farmers and growers from Australia to assure that the best produces are available to their consumers. Their available sources for 96% of vegetables and fresh fruits and 100% of fresh meats are from the growers and farmers of Australia. As the leading retailer of Australia, they appreciate that the customers always search for simple and new way for shopping. To facilitate the consumers to avail the facility of shopping on the go, they had introduces the App for Woolworths supermarket and the best thing is that the groceries are delivered directly to the kitchen bench ("Woolworths Supermarket - Buy Groceries Online", 2016) Woolworths fulfils their objectives through maintain these basic things: Products prices are same in both stores and online If there is any offer related to free delivery, % off on particular product or dollar off, there are always their employee to assist They always keep their static, text and animated banners updated, to help the consumers with changes in website and fresh creativity Customers can track their order delivery to the closest 30 minutes. Cash Flow Analysis: Wesfarmers Limited: Net cash received from operating activities amounted to $3365 million for the year ended 2016. The main receipt under this head was receipt from customers and the major payment was towards the employees and suppliers. Net cash from investing activities were amounted to ($2132) million. The major payments involved the payment towards the plant, equipments, property and intangibles. Their net cash flows from financing activities are ($1333) million. Major transactions involved under this were proceeds from borrowing and repayment of borrowing. Their year-end cash equivalent and cash was $611 million. In creation of earnings and cash flow, the company utilize exceptional well teams of management who have the capabilities to earn long-term growth and profit. This is obtained by employing best practice principles in maintenance and execution of operation for long-term target concerning results and strategy. The company observes to improve the effectiveness of working capital on a continuous basis for their business. In addition, the company assures the tough discipline with regards to capital expenses and decision of investment. Net increase in cash or cash equivalents comes in negative figures and amounted to ($100); Only the inclusion of opening cash balance turned the closing balance into positive, which amounted to $611 million (Wesfarmers.com.au 2016) Woolworths Limited Net cash received from operating activities amounted to $2357.50 million for the year ended 2016. The main receipt under this head was receipt from customers and the major payment was towards the employees and suppliers. Net cash from investing activities were amounted to ($1266.7) million. The major payments involved the payment towards the plant, equipments, property and intangibles. Their net cash flows from financing activities are ($1474.9) million. Major payments involved under this were payment of dividend and repayment of borrowing. Their year-end cash equivalent and cash was $956 million. Their cash and cash equivalents in the statements of cash flow includes call deposits and cash balance with a maturity period of three months or less than three months. Only the cash from operating activities has been achieved positive results. Cash from financing activities and investing activities are in negative figures, that is, loss. The differences in foreign currency were due to conv ersion of foreign operations. Differences in exchange causes due to receivable of monetary item or future payment to foreign operation for the agreement to the subject matter, which were not intended or not probable to take place in the near future. These hedges and monetary items are considered being part of the total investment in international operation and classified again into loss or profit on disposal of the total investment. Net increase in cash or cash equivalents comes in negative figures and amounted to ($384.10); Only the inclusion of opening cash balance turned the closing balance into positive, which amounted to $956 million (Woolworths Annual Report 2016). Ratio Analysis Cash flow ratio: Cash Adequacy Ratio:(Cash from operating activities)/(Capital Expenditure + Drawing) Wesfarmers limited: $3365/$3798 = 0.88 times or 88% Woolworths limited: $2358/$1983 = 1.19 times or 11.9% Cash flow ratio: (cash from operating activities)/Current liabilities) Wesfarmers limited: $3365/$10424 = 0.32 times or 32% Woolworths limited: $2358/$8993 = 0.26 times or 26% Debt coverage ratio: (Non-current liabilities)/(cash from operating activities) Wesfarmers limited: $7410/$3365 = 2.20 times or 22% Woolworths limited: $6039/$2358 = 2.56 times or 25.60% Cash flow to sales ratio: (cash from operating activities)/(Net sales) Wesfarmers limited: ($3365/$65981)*100 = 5.10% Woolworths limited: ($2357.5/$58275.5)*100 = 4.05% Liquidity Ratio: Current ratio: current assets/current Liabilities Wesfarmers limited: $9684/$17834 = 0.54 Woolworths limited: $7427/$8993 = 0.83 Return on equity: Profits available to owners/Average owners equity*100 Wesfarmers limited: $407/$22949*100 = 1.77 Woolworths limited: ($1235)/$8471 = -0.15 #year-end owners equity is used instead of the average figure Return on asset ratio: (i)Using profit: Profit/Average total asset# Wesfarmers limited: $407/$40783*100 = 0.99% Woolworths limited: ($1235)/$7427*100 = -16.63% # year-end total assets is used instead of the average figure (ii)Using EBIT: Earnings before interest and tax (EBIT)# / Average total asset Wesfarmers limited: $1346/$40783*100 = 3.30% Woolworths limited: $2564/$7427*100 = 34.52% #EBIT = profit after tax + tax expense + net interest expense Debt to equity ratio: Total liabilities/Total equity*100 Wesfarmers limited: $17843/$22949*100 = 77.75% Woolworths limited: $15032/$8471*100 = 177.45% (Source: Wesfarmers.com.au 2016) (Source: Woolworths Annual Report 2016) Comparative Analysis: Operating cash flow ratio: The operating cash flow is a measure to calculate the liquidity of a company. If the ratio of cash flow from operation comes less than 1, that means the company has not created enough cash in the related period to pay off their liabilities over short-term period. It is a parameter of how well the companys current obligations are covered up by the companys flow of cash from operations (Gupta et al., 2014). Manipulating the flow of cash against the income is regarded as more accurate, cleaner method as the revenues can be influenced. The operating cash flow ratio of Wesfarmers limited is 0.32 and that of Woolworths limited is 0.26. The industry average is 1. Both the companys operating cash flow ratio is below the average. However, if the two companies are compared, Wesfarmers Limited is in slightly better position than Woolworths Limited (Biddle, Ma Song, 2013). Debt coverage ratio: Debt coverage ratio is a method of calculating the available cash flow to pay off the obligation of current debt. This ratio explains the total operating income as a compound of debt liability payable within the period of one year and it includes principal, sinking fund, lease payment and interest. In finance of government, it is the export earning required meeting the yearly principal and interest payments on a nations external borrowings. On the other hand, in individual finance, the officers of bank loan to estimate the borrowings on property income apply this ratio (Rasoolpur, 2014). Debt coverage ratio greater than 1 means the company - whether company, person or government has capability to pay off its current borrowing liabilities with its available income. Debt coverage ratio of less than 1 means the company is not viable. The debt coverage ratio of Wesfarmers limited is 2.20 times and that of Woolworths limited is 2.56 times and the industry average is 1. Both the companys debt coverage ratio is above the average. However, if the two companies are compared, Woolworths Limited is in slightly better position than Wesfarmers Limited. However, the high ratio always does not mean that the companies are in very good position. It also indicates that the company is not utilising its income properly and are afraid of taking debt from outsides for improvement purpose (Keister Bech, 2012). Cash flow to sales ratio: This ratio evaluates the sales revenue with the operating cash flows. This ratio scrutinizes the capability of a company to earn cash from its sales and help the investors to make their investment decisions. It is stated in percentage terms. Ideally, with the increase in sales, there should be increase in operating cash flow (Friesenbichler, Hlzl Hlzl, 2016). The situation will be troublesome if the movements of cash flows are not corresponding to the movement in sales. The more the ratio, the better the position the company in. it is always desirable to have larger amount of cash flows from operations. The Cash flow to sales ratio of Wesfarmers limited is 5.10% and that of Woolworths limited is 4.05%. It reveals that Wesfarmers is in a better position to generate cash from sales compared to Woolworths Limited (Douglas, Huang Vetzal, 2016). Conclusions and Recommendations: Base on the above analysis it is concluded that With regard to the short-term credit risk, Woolworths Limited is in a better position as their debt coverage ratio is better than that of Wesfarmers Limited. Both the companies do not have satisfactory cash resources as both the companys operating cash flow ratio could not meet the minimum required industry average of 1. Solvency is stated as a companys capability to pay off their long-term liabilities. A company will be considered as solvent if it is able to meet its long-term debt obligation and other obligations. As both the companys debt coverage ratio is far better than industry average, they are considered viable in the long-run. Wesfarmers limited is better in generating cash from sales revenue as their revenue is $65981 million compared to Woolworths revenue of $58275.5 million. Both the company should attempt to take necessary steps to increase their operating cash flow ratio and to meet at least the industry average of 1. Major portion of the payment for the companies are for supplies and payment to employees. The companies should should take initiatives to increase their production with available supplies and employees so that, their operating income can be increased with minimisation of cost. References and Bibliography: Biddle, G. C., Ma, M. L., Song, F. M. (2013). The risk management role of accounting conservatism for operating cash flows.Available at SSRN 1695629. Douglas, A. V., Huang, A. G., Vetzal, K. R. (2016). Cash flow volatility and corporate bond yield spreads.Review of Quantitative Finance and Accounting,46(2), 417-458. Friesenbichler, K. S., Hlzl, W., Hlzl, K. (2016). Cash-Flow-to-Sales Ratio Unchanged in 2015. Profitability of Austrian Manufacturing.WIFO Bulletin,21(11), 136-145. Gupta, J., Wilson, N., Gregoriou, A., Healy, J. (2014). The value of operating cash flow in modelling credit risk for SMEs.Applied Financial Economics,24(9), 649-660. Home - Woolworths Annual Report 2016. (2016). Wow2016ar.qreports.com.au. Retrieved 26 December 2016, from https://wow2016ar.qreports.com.au/ Home. (2016). Wesfarmers.com.au. Retrieved 26 December 2016, from https://www.wesfarmers.com.au/ Kaplan, R. S., Atkinson, A. A. (2015).Advanced management accounting. PHI Learning. Keister, T., Bech, M. L. (2012). On the liquidity coverage ratio and monetary policy implementation.BIS Quarterly Review December. Rasoolpur, G. S. (2014). Impact of Cash Flow Coverage, Debt Service Current Ratio on Capital Structure Decisions: Empirical Evidence from the Indian Corporate Sector.Journal of Research in Marketing,3(1), 232-238. Reports. (2016). Wesfarmers.com.au. Retrieved 26 December 2016, from https://www.wesfarmers.com.au/investor-centre/company-performance-news/reports Sheets, f. (2016). level i. Woolworths Supermarket - Buy Groceries Online. (2016). Woolworths Online. Retrieved 26 December 2016, from https://www.woolworths.com.au/