Thursday, January 30, 2020

Unicef Events Essay Example for Free

Unicef Events Essay EXECUTIVE SUMMARY On May 21, 2008 at 4pm in Yellowstone National Park, there will be a fundraising project to promote and support children’s education in the country. It will be a walkathon named The UNICEF Walkathon which aims to raise 21,000 dollars to be able to provide schools all over the world with basic school supplies and facilities.   We will be inviting families, students, celebrities and athletes from all over the Metro to walk for a cause giving $10 per kilometer completed.   Last May 21, 2008, they walked the talk. Converging at the Yellowstone National Park, they all took part in UNICEF’s â€Å"Take a Walk on the Child’s Side† Walkathon. Individual walkers, groups of friends, whole companies – even pets – were given the choice to walk any of the 2.5-, 5-, or 7.5-kilometer segments of the walkathon. And their donations, ranging from $5 to $10 and more, poured in in support of children’s education. This will be organized by the 2nd batch of Volunteer Interns from UNICEF; the half-day event aims to raise more than $20,000 to aid UNICEF’s efforts around the world, focusing primarily on improving the quality of education especially in the rural areas(What we do).   INTRODUCTION and EVENT BACKGROUND VISION AND MISSION STATEMENT The vision of UNICEF is for all children around the world enjoy their rights and have a bright future within caring and protective families and communities (wwww.unicef.org). This vision can be attained through: Advocating that all children around the world have the optimal conditions necessary for growth, development and security (Help the Homeless). Widen the community of actors engaged in securing the maximum level of care for children and fulfillment of children’s rights. Demonstrate principles of transparency, effectiveness and accountability as managers of resources for all children. UNICEF work with various governments at the national, regional, and local levels (how to help the children in need). Through this system of cooperation, UNICEF seeks also the support and cooperation of NGOs and the private sector. This conglomerate encourages governors, mayors, and local leaders to build child-friendly communities. Effective communication is implemented with parents and community leaders about the rights of their children. Training of daycare workers, teachers, and health workers is conducted. Legislative actions and policy making directed towards the empowerment of children is encouraged by influencing the police, lawyers, and judges to set up a justice system sensitive to the needs of children (Brown, N., Bayer, E. 2000). UNICEF aids in developing infrastructure such as build daycare centers, child-friendly schools, and health centers. We construct sanitary toilets and water systems. With the help of UNICEF, organizations are able to reach out to children living in the streets, working in hazardous conditions, broken the law, abused and neglected, and those caught in armed conflict and affected by strife and disasters. We offer children the chance to speak out and be heard (What is Unicef?). PURPOSE/GOAL/ OBJECTIVE Unicef Walkathon (walk on the child’s side) To generate $20,000 for the â€Å"Promise for children’s dreams† Project, through: Walkathon participation Ticket sales from different Activities Concessionaires/Food Booths Bazaars in the event area To increase active participation in advocating for children’s rights To increase awareness about UNICEF and its goals That all children have dreams Children’s rights Variety Show Youth for the Youth – UNICEF invited different young amateur and professional performers to grace the event and showcase their talents. As successful and goal-driven members of the youth, they will be performing for the benefit of the less-fortunate youth in order to help them achieve their dreams and live a happy and contented childhood. They will be giving messages of hope and dreams, and ultimately become role models. OVERVIEW OF THE NATURE OF THE EVENT Variety Show Mass Opening Ceremonies Variety Program Variety Program Features Song Numbers Amateur: Michelle Ferriols BLD Music Ministry Trivent Splitcide Professional/Main Performer: AKAfellas Dance Numbers Escola Brasileira de Capoeira Company of Ateneo Dancers Into the Woods Play Excerpt: Blue Repertory Raffle Prizes Awards Ceremony Host and Performers Host: Bianca Gonzalez OVERVIEW STATEMENT OF WORK REQUIRED WORK BREAKDOWN STRUCTURE (Stuckenbruck, L. C., 1981) Participant’s mechanics Walkathon participants Cost of entrance for pre-registered participants Cost of entrance for walk-in participants Nature and kind of freebies to be given to participants Walkathon Walkathon slogan Route Number of rounds for the route Management system Prizes for the winners Walkathon Activities Concessionaires for activities Food concessionaires Food Booths Big Sponsors’ Booths Simple Booths: (Taho, Dirty Ice Cream) Organizations’ Stalls Volunteers and Logistics Registration system Location System of registration for participants Sound System and Stage Floor Plan and Wattage Volunteers’ and operators’ food Promotions strategy (Special Event Publicity) Pre-event advertisement News Release : Unicef Invites Public to Walk on the Child’s side Announce the event and its significance. Invite participants, supporters and sponsors (if needed). Explain the mechanics and what’s in it for joiners. For: sports pages, 9 dailies + selected tabloids Timing: 1st week April News Feature : Unicef Mounts Walkathon for XYZ Focus on the reason behind the walkathon. Expound on UNICEF projects for children that need support and the public’s understanding. Invite more support and participation. For: Lifestyle pages, dailies Timing: second week April Feature: Try The Walkathon – It’s New, Healthy and Fun! Try to arouse more interest for the sport by explaining the mechanics of the sport. Why do both feet always have to touch the ground in this sport? What are the health benefits? Include trivia about walkathons past that would arouse interest. Underscore the significance of the project and introduce the beneficiary – why it needs support. For: Lifestyle or Sports pages, dailies + weeklies Timing: 3rd week April News Releases / Photo Releases : Updates on the   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Walkathon Event Give final call for registrants; announce venue, time, prizes, mechanics, special guests, celebrities, etc. (there will be a series of straightforward news announcements about these details of the Race before the actual event. For: sports sections of dailies and weeklies Timing: From 3rd week April to just the day before the   Ã‚   Race Event advertisement   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Provide: TV Coverage Print Media Coverage Photo Coverage Invite: Key government officials or civic personalities to attend Celebrities with their child actors and actresses to attend Sports Media to cover the event Conduct: A Walkathon Clinic or clinics in strategic areas before the event to familiarize the mall-going public with the sport and the event. On-the-spot â€Å"lectures† or tip-giving by sports experts about Walkathon racing just before the event on the day itself. Set up Registration Centers for the Walkathon before the event in malls and other crowd-heavy places (including schools; i.e. summer schools, cooking schools) where interested participants may sign up. Prepare token rewards (a sticker? E.g. â€Å"I Walked My Talk with UNICEF†) to give to all participants who show up at Yellowstone National Park on event day. (Optional) Stage: A Program with some entertainment numbers before the announcement of winners and the awarding of medals (To be discussed separately)    Post-event advertisement    TV News Footages of the Project in Selected TV News Programs Short Features of the Project in Selected TV Sports/ Magazine Programs PRINT News Stories with Photo : Winners of Unicef   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Walkathon Photo Spreads : Montage of Walkathon Scenes   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   And Personalities, UNICEF   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Officials, people Personality Features: Choose one or several key personalities who joined or watched the Walkathon and write feature articles about them. Place the articles in lifestyle sections, sports magazines, women’s magazines. ORGANIZATIONAL STRUCTURE       TIMELINES Gantt Chart (Badiru, 1993) April 11-16 Finalize marketing letter to sponsors (packages) Finalize operations Finalize registration form/flyer Finalize letters to companies for pledges Finalize letters to celebrities Finalize the logistics requirements Send out letters to companies (for pledges and sponsorship) Send out letters to celebrities Start distribution of flyers/registration forms Coordinate with PR and promo Ocular (mapping) List target companies for sponsors April 18-22 Start promotions of the program Ongoing roll out of letters Follow-up with companies we sent proposals to Set up meetings with interested companies. Coordinate in getting volunteers Contact City officials â€Å"Logistic hunting† (i.e. sound system, tents) Finalize mapping and placement (log) Food Flow       Day 20-May       Meal allotment Lunch Dinner SUM UNICEF VOLUNTEERS       65    Technical crew 20 20       Marshals group             Traffic Management             Programs 15          Special Events 10          Secretariat          LOCAL GOVERNMENT UNITS             Traffic Enforcers             First aid             Swat             Police             Fire brigade          ORGANIZERS             Genesis 5 5    PERFORMERS                   Total 75             Day 21-May       Meal allotment Breakfast Lunch SUM UNICEF VOLUNTEERS       170    Technical crew 20 20       Marshals group 15 15       Traffic Management 10 10       Programs 15 15       Special Events 10 10       Secretariat 15 15    LOCAL GOVERNMENT UNITS       78    Traffic Enforcers 13 13       First aid 8 8       Swat 7 7       Police 7 7       Fire brigade 4 4    ORGANIZERS             Genesis 5 5    PERFORMERS 50                   Total 308                GRAND TOTAL 383    RUNNING SHEET (running sheet) Running Sheet       Day Time Activity 19-May Whole day Ingress/Delivery to Yellowstone National Park    Borrowed tents    Drinks from corporate partners    Collaterals from UNICEF    Collaterals from marketing agency    Collaterals from Corporate Partners    Borrowed tables and chairs SET-UP    Holding Area    20-May Whole day Ingress/Delivery to Yellowstone National Park    Hardcopies of the Walkathon database    Cash boxes    Borrowed tents    Drinks from corporate partners    Collaterals from UNICEF    Collaterals from marketing agency    Collaterals from Corporate Partners    Borrowed tables and chairs    9:00am onwards ARRIVAL OF THE VOLUNTEERS SET-UP    Tents for the booth area    Tents for the concessionaires    Tents for the water stations    Tents for the registration area    Tents for the breakfast area    Lounge area (tables and chairs, and tents)    Main stage (set-up and design)    Volunteers food booth    Headquarters    VIP Area    UNICEF advocacy banners around the route    UNICEF advocacy materials in Yellowstone National Park    Collaterals of Corporate partners    12:00nn LUNCH    3:00pm onwards TECHNICAL DRY RUN    Booth area    Concessionaire area    Water Stations    Registration area    Lounge Area    Headquarters    Main stage    7:00pm DINNER of skeleton crew    21-May 12:01am onwards Ingress/Set-up    Sounds system    Portalets Arrival of Volunteers/ volunteers briefing    1:00am onwards Ingress/Set-up    Food concessionaires    Special events teams    2:00am Ingress/Set-up    Registration equipment (Laptops) SOUND CHECK FINAL TESTING    Registration Area    Walkathon route    Water stations    Lounge Area    Concessionaires Area    3:30am Set-up of the directional signage along the road    6:00am-1:00pm EVENT    1:00pm LUNCH    2:00pm-onwards EGRESS    Food concessionaires    Exhibitors    Special events team    Local government Units    Money from the donation/pledges Pack up    Registration area    Tables and chairs    Tents    Sounds system    Water stations    Advocacy Banners Removal    Event directional materials    4:00pm (or earlier)-onwards EGRESS of all materials MANAGEMENT PLAN Event Area Traffic management plan (traffic management – venues and events) DROP OFF POINTS FOR THE PARTICIPANTS EVALUATION, CONTROL AND MONITORING SYSTEMS Garbage disposal system (waste management plan) Baggage Counter   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Two small tables will be put up at the entrance of the Administration Building; one â€Å"in† and one â€Å"out†.   The participants who wish to have their bags put in the baggage counter/claim their bags from the baggage counter should fall in line outside the building   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Ten long tables, which will serve as storage area, will be put up inside the Administration Building.   Each table is assigned twenty bags—ten on either side.   The same also follows for the area below the table. [400 baggage]   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A minimum of four volunteers is required of this system.   One would be assigned to each of the tables at the entrance while two would be the â€Å"claimers†, one for incoming bags and the other for the outgoing bags.    Garbage Disposal   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Garbage cans will be placed near the water stations: 5 stations * 2 cans = 10 cans.   Also the water station volunteers per station should each take turns to make rounds (0.5km stretch only) at 30-minute intervals to check for trash as well as to remind people to dispose their trash properly. BUDGET Walkathon expenditures (Funding the budget) Supplies Expense (Office Line Enterprises) $ 43.65 Representation (from meetings) $ 38.88 Towels (for walkers) $ 183.67 Food expense (for volunteers) $ 204.08 Walkers bib $ 122.45 Portalets $ 126.53 Tables and chairs $ 122.14 Ice $ 24.49 Walkathon forms $ 61.22 Pre-event promo materials $ 172.20 Tarpaulin expense $ 240.76 $ 0.00 Volunteer IDs $ 137.14 TOTAL $ 1,477.22 Promotions strategy (Guide to Special Events) Regular Representation $ 1,020.00 Event Media-Related Expenses $ 1,632.00 TV Coverage ($612.00) Print Media Coverage ($816) Photo/Video Coverage ($204) Photography (for Pre-Event/Post-Event) $ 204.00 (Service Fee + Copies) Operational Costs $ 409.00 (Covers Transportation Expenses, Press kit, TV Monitoring and Dubbing Fees, Scanning Fees, Media Delivery Costs, Photocopying, Coordination expenses, Materials, Publications) Professional Fees $ 1,224.00 (Covers Conceptualization of PR/Media Strategies, Writing/Editing of Materials, Media Contacts and Liaison, Media Invitations and Coordination, Clipping/ Monitoring, Coordination with Invited VIPs/ Celebrities, TOTAL $ 4,489.00 Conclusion: Projects as critical as the Unicef fund raising project for their projects and programs has truly benefited from the utilization and effective implementation of events management theories and methods. By using the prescribed guidelines in effective events management, most if not all of the elements needed to effectively implement the project were identified and addressed (Sargeant 2004). As proper events management would entail, it is important to clearly identify the project’s purpose and objectives for making the event. By being able to define the objectives of the fundraising project of Unicef, the events group is able to identify necessary and unnecessary items needed for the event. This greatly narrows down the needed work to be done and makes sure that all the elements of the events being implemented are value-adding activities that help in achieving the project’s objectives and goals. After by being able clearly identify the objectives of the project, the group can then move on to events planning and effective implementation. As prescribed in effective events management, there is a need for a clear creation of an organizational structure. A clear organizational structure makes sure for an effective and efficient implementation group and would imply effective communication within affected groups of people. As would conventional events and project management would demand, it is important for effective communication. IN addition, by having a clear structure, there is a systematic approach to the implementation of the event; there is a clear identification of duties and responsibilities and what he/she is supposed to deliver. In the Unicef event, the group was able to clearly plan as well the promotional strategy for this event. As fund raising events clearly need publicity, it was important for the group to identify and to plan out an effective means of how to strategize the effective utilization of publicity in order to attract more and more participants. Other parts of planning prescribed in events management is the use of a running sheet. With this the group was able to clearly identify the time lines on pre-event, event and post-event days and address as much as possible all areas that were needed to be addressed. Everything in the running sheet was needed to be checked and to be verified in order to assure that everything will run smoothly on the event day. Food was also one of the issues addressed in planning stage by creating a food flow for all volunteers involved as it would be important to provide food to the hundreds of volunteers supporting the event. A key point also addressed in effective business management is managing potentials areas for risk and how to alleviate it. For instance, in the Unicef event, this was done by creating an effective traffic management plan and a clear garbage disposal program. Lastly, one of key points of effective events management is effective budget planning. This is ever so critical as it is important to be prudent in spending as this project is a fundraising event, therefore it is important for the event to earn money as it is implemented. If there is no earnings, then there would be no use for the project. Effective events management has truly aided in the implementation of this project. Without effectively managing this event this event would not be able to amass funds for the projects of Unicef and at the same time would be negative publicity for the organization. However, due to effective events management there is a large possibility that the Unicef walkathon would amass much needed funds for the projects of Unicef and at the same time publicity for Unicef’s advocacies and programs. References: A running sheet in relation to project management? Available at http://www.faqs.org/qa/qa-20485.html Badiru, A. B. 1993, Quantitative Models for Project Planning, Scheduling, and Control. Westport, CT: Quorum Books. Brown, N., Bayer, E. 2000, Advocacy in Action: Perspectives from UNICEF. Childhood Education, 76(5), 316-. Business Knowledge Center. Gantt Chart. Available at http://www.netmba.com/operations/project/gantt/ Funding the budget. Available at http://www.aucklandcity.govt.nz/whatson/planning/organising/funding.asp h f. traffic management – venues and events. Available at http://www.lbhf.gov.uk/Directory/Transport_and_Streets/Roads_highways_and_pavements/Traffic_management_-_venues_and_events/54909_Traffic_management_venues_and_events.asp Help the Homeless. Available at http://www.helpthehomelessdc.org/ Running sheet of breakout session (draft 1). Available at http://www.nihs.go.jp/dig/ich/apec/BRS1Program.htm Running sheet. Available at www.hollows.org/upload/3372.pdf Sargeant, A., Jay, E. 2004, Fundraising Management. New York: Routledge. Stuckenbruck, L. C. (Ed.). 1981, The Implementation of Project Management: The Professionals Handbook. Reading, MA: Addison-Wesley. Traffic Management. Available at http://www.aucklandcity.govt.nz/whatson/planning/organising/traffic.asp S. Department of Transportation. Traffic Management System. Available at http://www.fhwa.dot.gov/tfhrc/safety/tms.htm Unicef HK. How to help the children in need. Available at http://www.unicef.org.hk/docs/new/frame.php?lang=epage=help_corp.htm Unicef, What we do. Available at www.unicef.org University Communications and marketing. Guide to Special Events. Available at http://www.kent.edu/ucm/PoliciesStandards/Events.cfm University Communications and marketing. Special Event Publicity. Available at http://www.kent.edu/ucm/PoliciesStandards/SEpublicity.cfm Walk on the Child’s side. Available at http://www.unicef.org/philippines/support/sup_14.html Waste Management plan. Available at http://www.aucklandcity.govt.nz/whatson/planning/organising/wastemgmt.asp What is Unicef? Available at http://www.sil.org/linguaLinks/literacy/ ReferenceMaterials/GlossaryOfLiteracyTerms/WhatIsUNICEF.htm

Monday, January 27, 2020

Corporate financial statement analysis of Volkswagen

Corporate financial statement analysis of Volkswagen Abstract The main aim from this project is to analyze manufacturing company in term of ratios analysis and common size analysis. We took Volkswagen Group as a manufacturing company and we try to know what are the line business, major competitors, and the goals of Volkswagen Group. Then we start to make common size analysis (vertical and horizontal analysis) for both income statement and balance sheet from year 2005 to 2009 to see the financial performance of the company over the time. Moreover we make ratios analysis to check the liquidity, solvency, profitability, efficiency, and cash flow of the Volkswagen Group.Finally, the report is going to discuss the data that we found on common size analysis and ratios analysis. Also the report will include all the annual report from 2005 to 2009. Company profile a)What is the companys principal line of business and major competitors? Volkswagen Group majorly known as the VW group is a German originated automobile manufacturing group that is ranked third largest in world as a motor vehicle manufacturer. The core business of the group includes developing vehicles and components for all marques and manufacturing complete vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles marques. The group has world-wide working of operations but its primary focus is Europe market. Major competitors of Volkswagen are Toyotta, General Motors, Ford and Hyundai. b)On what day does the companys fiscal year end? The company Fiscal year ends on Dec, 31st c) What is the largest source of cash from financing activities? For the year ended Dec 31, 2009 its â€Å"Proceeds from issue of Bonds† d) What is the largest use of cash from investing activities? For the year ended Dec 31, 2009 its â€Å"Disposal of Equity Investments† e) What is the average income tax rate for the fiscal year reported? Income tax rate for 2005 is : 35.2%, 2006: 9.1%, 2007:37.0 %, 2008: 29.1%, 2009: 27.7%. The average tax rate is 27.62%. f) What is the average issue (sale) price per share of common stock issued as of the end of the fiscal year reported? The average issue (sale) price per share â‚ ¬ 149.42 Company goals and achievements Descriptive information, Compare goals provided in annual reports with achievements in the following periods, seek for any possible predetermined standards and find out whether the company achieved them in the following periods. There are numerous objectives and goals set by the Management of Volkswagen with the motive of enabling the company to expand the scope of its business and generate sustainable success by focusing on its customers and environment. As part of business operations management, the Board has focused on introducing measures to improve cost structures through process optimization overall and modular strategy implementation. The implementation of these goals can be seen through the financial performance of Volkswagen where in terms of sales, the related costs are kept in controlled and balanced trend with no irregular hikes. Volkswagen goal of servicing its customers with most innovative and fascinating vehicles is met with its ability to generate increased world-wide sales and improved cost position. In 2007, the company earned a sales record of 6.2 million vehicles. As part of Volkswagens global business strategy, the goal of the company had been to implement its multi brand strategy and introduce most environments friendly and broadest vehicle range. Towards implementing these goals, the company in year 2009 has been able to cope with the weak industry trends due to financial and economic crisis overall. Its implementation of integration and partnerships with Porsche and Suzuki have unlocked many growth prospects. It is the result of such policies of management that Volkswagen group did not suffer from the financial crisis to the extent most of the competitors did. The focus of maintaining quality standards is also evident from the analysis of financial statements where each year better quality improving standards and procedure are implemented as part of production processes to enable Volkswagen in delivering its customers best equipped quality vehicles. Future goals of company include exploring more developments in fuel efficiency for vehicles and climate friendly fuels as key components of automobility along with driver assistance systems to promote fuel efficient driving. Common Size Analysis Ratios analysis Data Analysis Having done with a thorough financial statement analysis of Volkswagen Group for year 2005-2009, it is seen that the company as a key component of Automobile Industry has been able to maintain its financial performance with slight disturbance in profits for fiscal year 2009 as a result of global depression in markets. Firstly having a look at the vertical common size analysis of Volkswagen Income statement and Balance sheet revealed that most items of Income statement and Balance sheet do not present any major fluctuations over five years. Year 2007 and 2008 were better performing business years where due to decreased CGS as a percentage of Sales, overall profitability was improved i.e. Operating profit and EBT improved from 2% in 2006 to 6% in 2007 and 2008. However, due to an overall market recession profitability has significantly decreased due to burden on costs and expenses i.e. PAT decreased from 4% in 2008 to 1% in 2009. The vertical common size balance sheet showed the group structure consists of Debt: Equity of 80:20. Other significant values are fixed assets, cash, inventory and financial service receivables. The horizontal common size analysis of Income statement and balance sheet taking 2005 as base year showed a healthy growth trend for years 2006-2008, whereas for year 2009, it exposed a decreased trend of profitability significantly in operating profit, Profit before tax and Profit after tax. The balance sheet shows increasing and decreasing fluctuations when looked at individual items but overall can be considered relatively stable and improving. The Ratio analysis of financial statements is done to evaluate the performance of company in a given year using relations between different balance sheet, income statement and cash flow items. Volkswagen analysis of different financial ratios over the period of 5 years enabled us in seeing the performance of Group under five heads: Assets efficiency, liquidity, cash flow, profitability and solvency. Assets efficiency: These ratios are used to check the efficiency of a company i.e. how efficiently assets of company are used in generating revenue. The fixed asset turnover and total asset turnover ratios are lower in magnitude over the time period under analysis. Generally the greater the magnitudes of these ratios the efficient are the assets of a company are considered in generating sales revenue. Volkswagen group assets turnover ratios for last five years vary within range of 0.5 and 1.2 which is not quite impressive. The inventory turnover ratio over the last five years shows a mixed trend whereas the receivable and payable turnover are also a concern as payable turnover should be greater in magnitude than receivable whereas its the opposite case here. Profitability: The profit margins for past five shows an increasing trend till 2008, however for year 2009 profitability is effected due to decreased sales and pressures on costs. The trends for Return on assets and equity, are also the same, whereas the magnitude of these is moderate. The earnings per share for the group is attractive enough just declines much for year 2009 i.e. from â‚ ¬4.6 in 2008 to â‚ ¬0.9 in 2009. Liquidity: These are the ratios derived from balance sheet and measure ability of company to generate liquid funds to pay its debts. The current and quick ratios for Volkswagen fall within the range of 0.9 and 1.2 for past five years which is considered well enough for liquidity purposes. The cash conversion cycle is the number of days cash is tied up in production and sales process. Our analysis shows a mixed trend which is observed to decrease in 2009 which is a good indicator. The receivable collection and payable deferral periods are also in favor of companys liquidity requirements. Cash flow: The cash flow ratio of less is one is indicative of greater chances for bankruptcy. Volkswagen cash flow ratio over past five years is consistently low and need attention. Debt /Solvency: These show the overall debt load of company. The debt as compared to assets does not portrays greater risks, however greater dependence if debt as compared to equity increases leverage and so the risk scope for the Volkswagen.

Wednesday, January 22, 2020

Free Essays on A Dolls House: Theme of Emancipation :: Dolls House essays

The Theme of Emancipation in A Doll's House While reading Ibsen's play, A Doll's House one cannot help but notice the powerful underlying theme.   Ibsen develops the theme, the emancipation of a woman, by emphasizing the doll marriage, and the problems that such a marriage caused.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In Act I, there are many clues that hint at the kind of marriage Nora and Torvald have. It seems that Nora is a doll controlled by Torvald. She relies on him for everything, from movements to thoughts, much like a puppet that is dependent on its puppet master for all of its actions. The most obvious example of Torvald's physical control over Nora is his teaching her the tarantella. Nora pretends that she needs Torvald to teach her every move in order to relearn the dance. The reader knows this is an act, and it shows her submissiveness to Torvald. After he teaches her the dance, he proclaims "When I saw you turn and sway in the tarantella - my blood was pounding till I couldn't stand it"(Isben 1009), showing how he is more interested in Nora physically than emotionally. When Nora responds by saying "Go away, Torvald! Leave me alone. I don't want all this"(Isben 1009), Torvald asks "Aren't I your husband?"(Isben 1009). By saying this, he is implying that one of Nora's duties as his wife is to physically pleasure him at his command. Torvald also does not trust Nora with money, which exemplifies Torvald's treating Nora as a child. On the rare occasion when Torvald gives Nora some money, he is concerned that she will waste it on candy and pastry as one would worry about a child. Nora's duties, in general, are restricted to caring for the children, doing housework, and working on her needlepoint. A problem with her responsibilities is that her most important obligation is to please Torvald, making her role similar to that of a slave. The problem in A Doll's House lies not only with Torvald, but also with the entire Victorian society. Females were confined in every way imaginable. When Torvald does not immediately offer to help Nora after Krogstad threatens to expose her, Nora realizes that there is a problem. By waiting until after he discovers that his social status will suffer no harm, Torvald reveals his true feelings, which put appearance, both social and physical, ahead of the wife whom he says he loves.

Sunday, January 19, 2020

One Life to Live (soap opera) :: essays research papers

One Life to Live is a soap opera broadcasted on the ABC channel on the weekdays. I started to watch this show when I was a sophomore in high school, and when I used to come home from school, my mom would be watching it. That is how I got addicted to it. The story takes place in a town called Llanview. One Life to Live appeals to many viewers because the show keeps the viewers hanging onto the episode’s next scene. The viewers know that if they watch the last scenes of one episode, then, the next day, the story may change or something unexpected might happen. This is how the viewer gets attached to the show. For example, a couple of weeks ago, one of the last scenes was with Jen with a pregnancy test in her hand. If people watched the show the next day, the pregnancy test was not hers. It was her mother’s. Her mother had also taken a pregnancy test the same day and had switched the tests on her. Then, the scene was cut with a commercial. The story was that her mother was pregnant, not Jen. This catches viewers to watch the show the next day because then, they want to know why her mother would do such a thing. The next day, the show is done the same way with the last scenes. There would be a scene that is cut off so that the viewers have to watch it again just to find out what happens the next day. Another way that keeps the viewers watching One Life to Live is how they never know who is going to be broadcasted the next day. There are so many characters that it is unlikely for all of them to be on each episode. For example, Todd, Blair, and Star are one family. Todd and Blair are the parents of their ten-year old Star. One day, the three of them might be broadcasted together in the same episode. The next day, Todd might be on an excursion throughout the show whereas Blair and Star are not even viewed. This is what occurs with almost all the characters. So viewers get attached to see who will be viewed the next day.   Ã‚  Ã‚  Ã‚  Ã‚  One Life to Live also appeals to the viewers because of how the characters all relate to one another and some of the characters do not even know that they are related to someone else somehow. One Life to Live (soap opera) :: essays research papers One Life to Live is a soap opera broadcasted on the ABC channel on the weekdays. I started to watch this show when I was a sophomore in high school, and when I used to come home from school, my mom would be watching it. That is how I got addicted to it. The story takes place in a town called Llanview. One Life to Live appeals to many viewers because the show keeps the viewers hanging onto the episode’s next scene. The viewers know that if they watch the last scenes of one episode, then, the next day, the story may change or something unexpected might happen. This is how the viewer gets attached to the show. For example, a couple of weeks ago, one of the last scenes was with Jen with a pregnancy test in her hand. If people watched the show the next day, the pregnancy test was not hers. It was her mother’s. Her mother had also taken a pregnancy test the same day and had switched the tests on her. Then, the scene was cut with a commercial. The story was that her mother was pregnant, not Jen. This catches viewers to watch the show the next day because then, they want to know why her mother would do such a thing. The next day, the show is done the same way with the last scenes. There would be a scene that is cut off so that the viewers have to watch it again just to find out what happens the next day. Another way that keeps the viewers watching One Life to Live is how they never know who is going to be broadcasted the next day. There are so many characters that it is unlikely for all of them to be on each episode. For example, Todd, Blair, and Star are one family. Todd and Blair are the parents of their ten-year old Star. One day, the three of them might be broadcasted together in the same episode. The next day, Todd might be on an excursion throughout the show whereas Blair and Star are not even viewed. This is what occurs with almost all the characters. So viewers get attached to see who will be viewed the next day.   Ã‚  Ã‚  Ã‚  Ã‚  One Life to Live also appeals to the viewers because of how the characters all relate to one another and some of the characters do not even know that they are related to someone else somehow.

Tuesday, January 14, 2020

Apple’s Fdi and Globalization Essay

Globalization- Today the world has become a global village where each and every thing is interlinked.The concept of global village or global merger is based on the grounds of globalization. Now thequestion arises in one ¶s mind what is globalizationThe term globalization means the concentration of world economy in to a single international market rather than many national markets. For example, the APPLE INC, an American multinational corporation that concentrates in computer hardware and software components. It assembles its best known product i.e. ‘mac’ computer, best selling phone ‘iphone’ in china. This is because the cost of production is low due to cheap labour force. Thus globalization involves:- Free trade of goods and services Free movement of labour and capital Free access in technology Now, we will discuss the above points with more details. Free trade of goods and services- Based on APPLES INC business operation the company is selling its product such as the ‘iPhone’, ‘MAC’ computer in many countries in the world. Generally it is a US based company which is doing its business world-wide, there are no restriction for the company not to sell its product in any country. So its means free trade of goods and services. Free movement of labour and capital- In regard with APPLE INC it means, apple can move its labour force and inject capital in any country with no restriction. When talking about labour force it means the people who work for APPLE can travel from one country to the other. For instance, officers travel from one country to the other. We normally see in the news that APPLE has appointed new officers in the UK, Germany or the US. Technical team travel from one country to the other when there is a major problem where other technician can not figure out what the problem is. In terms of capita l, it means APPLE has invested capital to make industries where its product are made and assembled. They have factory in china and other countries in the world. Free access in technology- It means the the software of APPLE i.e. the ‘iOS’ are being used in many countries in the world. This is because the products that APPLE is selling use iOs software and these products are being sold in many countries in the world, so it means the technology is being freely moving from one country to the other. This encourages globalization. Another example is, a potential customer from Bangladesh looking to buy a shirt, he looks on the ‘New look’ website. It normally making the sense that, a customer can access the catalogue from any where of the world. This is commonly known as globalization. Apple Inc. is an American based multinational company whose stocks are listed in the New York Stock Exchange and NASDAQ (National Association of Securities DealersAutomated Quotations) under the symbol AAPL. The company specializes in the design,development and manufacturing of electronic equipments like computers, software and smart phones. Business strategy: Apple is currently working on the differentiation strategy by putting unique elements in the design and development of its products. The differentiation strategy is defined as a strategy that aims to develop the products and or services that have unique characteristics that are well liked by the customers and are valued by them. This strategy enhances the market position of the companies with respect to their counterparts (Porter, 1998).The success of the company in the global markets is due to its extensive focus on the market research and development for the development of its products and services. With reference to its business strategy, the company is in a continues process to build and advance the robust platform that can enhance the listing of third party content like mobile phone apps, games etc on its online stores or its iTunes store (Apple Inc.,2010). Markets and Distribution The customer segments of the company are divided into various categories. The needs of the main customers markets it caters are of small and medium businesses, education sectors,large corporations, government departments and other related markets. In order to meet the needsand wants of these consumer markets, the company is utilizing direct and indirect distributionchannels including online sales services, retail stores and direct sales force as well as third partysellers, retailers etc. Using direct sales contacts with the customers is, believed by the company,leveraging its product sales and has demonstrated as an advantage to the company over itscompetitors. In order to maximize its sales and to make sure that the buyers are receiving highquality experience, the company is in a process to expand and improve its existing channeldistribution network (Form 10-k S EC Filing, 2010). Competition The company faces aggressive competition from the other market players. According toHoover (2011) the top three competitors of Apple Inc. in United States are Fujitsu TechnologySolutions (Holding) B.V., International Business Machines Corporation and MediaNet Digital,Inc. respectively. The needs of the markets it caters are highly competitive in nature due to the ever changing and advancing technological environment and the rapid introduction of new technology based products. The main competitors of the company are following cost leadership strategies by reducing the prices of their products or by maintaining low profit margins to maintain their market share. There are various forces that can impact the business and profitability of Apple. These factors may include the marketing mix  ± product, price, place, promotion strategies, product performance, the quality and reliability of the product, innovative designs as well as then availability of up to date software services.Moreover, some of the competitors of the company have number of resources which they can utilize against the company to provide the product and service offerings related to Apple,offer the business and consumer products and services similar to Apple ¶s products at low price range(Form 10-k SEC Filings, 2010). Products and Services Apple is currently using in house manufacturing system for the production of all of its products. All the products like Mac, iphone, ipad and ipod etc. are designed, developed and marketed via its main manufacturing hub which is located in the USA. But, as mentioned earlier,the company is outsourcing the production of some of its product parts to the various international and national supply chain partners; subcontractors. Some of the components of its products, ipod, are outsourced to its subcontractor in Hong Kong from where it is sent to theoutsourced production plant of the company (Linden et al, 2007).Some of these components are of high cost. While the other products like hard drive andflash memory etc. are sent to the other companies or outsourcing companies like Toshiba inJapan or Samsung in Korea. Large number of its components is of low cost. The metalcomponents of the products are made by the outsourcing unit in Taiwan called Foxconn and the plastic components are products by the outsourcing units in Singapore (Brown, 1998, p.198).Finally these parts are assembled in the China and then transported to its sales outlets across theworld (Kahney, 2008).Outsourcing plants:It has built its integrated manufacturing and design facilities in the various countries for example in California, Singapore etc. This global network allows the company to develop andlaunch the products in its markets of America, Asia and Europe. It produces its products, for example ipads, in the Shanghai, China which has given it a cost saving advantage and lead to theincreased profitability for the company (Chaffin, 2002). But on the other hand, this outsourcing has increased the downsizing and unemployment rate in the home country (Rodriguez-Clare,2011).some of the outsourcing plants managed by the company are showing troubled situations for Apple. ConclusionThe economy of the world has now become free from any boundary. All the countries are now considered integrated with one another as one global market for carrying out variousactivities like trade, relations, etc. Evaluate: Evaluate; From one perspective, Apple’s world could not be rosier and its future shinier. Rising from the rubble of a disintegrating company in 1997, Apple has reached the pinnacle of success in 15 short years. With a market capitalization of over $500 billion, Apple is amongst the most valuable and highly profitable companies in the world. When it comes to customers, Apple is a bold innovator that leads the industry into new directions and forces others to follow. However, when it comes to the management of its supply chain and treatment of workers in the Chinese factories that make its products, it hides behind the constraints of prevailing industry practices. Foxconn and its China-based subsidiaries are owned and controlled by the Taiwan-based Hon Hai Precision Industry Co., Ltd. Most of Apple’s worker-related problems were focused on Apple’s manufacturing partner Foxconn and its subsidiaries. Reports over the past few years have described instances of Foxconn employees committing suicide, presumably from working in an extremely high stress environment. In addition there are reports of deplorable living conditions, underage workers, below-standard wages, involuntary labor, and health hazards associated with the use of toxic chemicals and inadequate air filtration systems Finally, in the closing days of 2011, Apple announced with great fanfare that it had joined the Fair Labor Association (FLA. Over the concept , Chinese factories have honed their tactics in concealing problems from the auditors by keeping workers away from plants during audit visits, maintaining multiple sets of accounting books and workers’ personnel files, coaching workers to give right answers to the auditors’ questions in terms of working hours, wage rates, and overtime, et cetera, with promises of bonuses if the auditors were satisfied and implied threats of punishment if serious problems were identified. Thus a highly choreographed audit allows for certain violations—albeit manageable—to be disclosed and promises for corrective action to be taken. Cutting out excessive hours would entail additional costs. For example, a reduction in the average working hours from the current 60-70 hours per week to 48 hours per week would entail approximately a 30 percent + increase in the labor force to maintain the current rate of output. The Indicators of Globalization There are three main economic and ï ¬ nancial indicators of globalization, these are: †¢ international trade in goods and services †¢ the transfer of money capital from one country to another †¢ the movement of people across national borders. Of the three, international trade and foreign investment are the most important. Each of the three indicators will be examined in turn. International Trade International trade means that countries become more interconnected through the exchange of goods and services, that is, through imports and exports. Multinational companies (MNCs) are major traders and account for a large proportion of international trade, with signiï ¬ cant proportions accounted for by trade between subsidiaries within the same company. So for example, Ford makes gearboxes in its factory in Bordeaux and exports them to its assembly plants in other European countries. Around one half of US manufactured exports and more than 60% of its imports ï ¬â€šow within MNCs. International trade has increased more rapidly than global output which has been increasing by around 3% per annum. 2004) Foreign Direct Investment (FDI) FDI is the main source of investment in developing countries. Recent year FDI has increased in these countries due to three reasons: – †¢ The rise of multinational companies †¢ Liberalization of world capital market †¢ Liberalization of world economies As in regard to APPLE INC, it has built factories in china to make its product so it has invested in china which is foreign direct investment. In the recent years FDI has increased in this country due to three reasons: – †¢ The rise of multinational companies †¢ Liberalization of world capital market †¢ Liberalization of world economies The advantages of these FDI are as the following: – †¢ This FDI will allow a country to invest more than their saving. It is a crucial source of investment in a country such as in china where it is difficult to encourage savings. FDI also helps to increase the import than the export. Again a FDI can be assumed as an injection which, in terms has a large multiplier effect in the economy. It creates demand in the receipent country and hence helps to increase real GDP. †¢ FDI helps to increase the employment in a country. For instance, the investment by apple in chine has created jobs for Chinese people to work and earn a living. They, sometimes offer higher wages than other national companies which helps to increases the living standard of that country. For e.g. in 1999 30 million people were employed in the developing countries directly or indirectly by the multi national companies. This has a positive externality in the economy in the long run. †¢ Sometimes FDI goes in the tradeable goods sextor of a country. Thus the c ountries export performance may increase and the country may enjoy higher competitiveness. The disadvantages if these FDI are as the following: – †¢ Multinational companies, such as APPLE tends to send back their profit to their country. This may create a balance of payment deficit in the receipient countries if they fail to increase their export earnings. †¢ Apple tends to use expertise of staffs from their country so the benefit that should come from employment becomes insignificant. †¢ Multinational companies such as these APPLE tends to locate their factories in the urban areas so there may be an increase in inequality in the economy. Again it may create pressure in the urban sector. †¢ There is a risk of tends that multinational companies such as APPLE tends to exploit the natural resources of a country like gas, coal, electricity. Thus in the long- run there may be an environmental degradation and the country may suffer from natural degradation. †¢ Deficit in the long- run- However, FDI may have positive impact on a country but they tend to be fuelled only in some developed countries.

Saturday, January 11, 2020

Spoof Ad

Tropicana Is an American company which specialises In the production of orange lulce_ This company, owned by PepsiCo, claims that it produces 100% fresh orange juice as it is stated on their orange juice cartons â€Å"100% pure squeezed†. On the contrary, researchers have found that Tropicana's promise of fresh Juice is not quite true. PepsCo Inc. released a series of posters almlng to convince customers that Tropicana orange Juice is more than just Juice, rather it is an essential for the body because it provides vitamins, fibers, and other nutritional benefits.The Ad, â€Å"It's More Than Orange Juice† emphasises a more positive reaction towards the brand, when truly the product does not live up to its promise. According to Heml Weingarten, a blogger on Fooducate, Tropicana orange juice is kept in refrigerator vats for more than 6 months before it is distributed to the supermarkets. Hemi also adds that in order to prevent harmful, pathogenic bacteria from forming Trop icana strips the freshly squeezed orange Juice of its flavour and colour, then adds them back through flavour packs when the orange Juice Is ready to be sold (18, 2013).Alissa Hamilton, author of the book â€Å"Squeezed: What You Don't Know About Orange Juice† noted that: â€Å"Tropicana Orange Juice does not possess the same amount of fibers, vitamin C, and other nutritional benefits that oranges provide† which Is considered as a Ile towards the juice being 100% pure and natural (2011). Rationally speaking, every orange fruit on earth has its own taste, some are sweet some are sour. On the other hand, Tropicana's orange Juice all taste the same which Is impossible unless It Is chemically engineered.Also, Tropicana's Orange Juice Is ble to last for a month without changing Its flavour which clearly does not happen with truly fresh orange juice. Mike Valente, in his article â€Å"Tropicana Orange Juice: Not So Orange! † explains how the Juice is pasteurized and d eoxidized, and once that is done the Juice is able to last for a longer period of time (2011). All of the above evidence Is consistent with the fact that Tropicana Is marketing their Orange juice product using lies through their ads trying to convince consumers that their product is â€Å"100% pure and natural† when it is really not.This act of manipulation led the Tropicana company to court. Jonathan Stempel stated that a lawsuit was filed against Tropicana for their fraud (2012). The Natural Society adds: â€Å"Tropicana Brand just settled out of court to the tune of 9$ million† for false advertising (2013). Spoof Ad By Lhkat Tropicana is an American company which specialises in the production of orange juice. This company, owned by PepsiCo, claims that it produces 100% fresh orange juice as it is stated on their orange Juice cartons â€Å"100% pure squeezed†. On the PepsCo Inc. eleased a series of posters aiming to convince customers that Tropicana orange Jui ce is more than Just Juice, rather it is an essential for the body because it product does not live up to its promise. According to Hemi Weingarten, a blogger on Fooducate, Tropicana orange Juice is kept in refrigerator vats for more than 6 months when the orange Juice is ready to be sold (18, 2013). Alissa Hamilton, author of the nutritional benefits that oranges provide† which is considered as a lie towards the s impossible unless it is chemically engineered.Also, Tropicana's Orange Juice is able to last for a month without changing its flavour which clearly does not happen with truly fresh orange Juice. Mike Valente, in his article â€Å"Tropicana Orange Juice: Not All of the above evidence is consistent with the fact that Tropicana is marketing their Orange Juice product using lies through their ads trying to convince consumers that â€Å"Tropicana Brand Just settled out of court to the tune of 9$ million† for false

Monday, January 6, 2020

My Life By Choosing The Right Path For Mental And Physical...

‘Nurture your Life’ - the blog is the journey to create a happier, healthier or positive life by choosing the right path for mental and physical wellness. The health blogging is a broad niche which describes about healthy food, losing weight, training, sports, spiritual training or any other activity related to health. But we would like to fall into physical and mental wellness category. So let’s stick with healthy living by doing simple and smart choices in daily routine to improve self care, eating habits, activities and enhance the inner strengths. ‘Nurture your Life’- is the mixture of journal, an advice blog and a motivating force for the people who decided to live a healthy life in the modern lifestyle. The tone of writing of the blog will connect readers personally while creating a welcoming, friendly and warm experience, and use of a professional tone, whenever needed in the section. In the beginning the blog covers the broader niche of happy and healthy living tips and then narrow down to more specific topics, and this choice often depend on investigation and to cater a particular group of readers. Having a motivational and professional blog requires to do the detailed research, to be a good motivational writing skills and to have time for social media promotion. Unique Selling Point (USP) : ‘Make Smart Choices to Nurture your Life’ There are hundreds of sites about health and fitness but we would cater to specific group of readers who are trying to achieveShow MoreRelatedReducing The Continuous Rise Of Health Care Costs5508 Words   |  23 PagesThe continuous rise of health care costs has meant many companies turning toward health and wellness as a potential solution to save money: ‘research is showing that it’s more cost-effective to invest in preventive health practices, such as screenings, immunizations, health risk appraisals, behavioral coaching, and health awareness/education [and] best-practice research is demonstrating the total value of an integrated, population-based strategy that addresses the health needs of all employees, dependentsRead MoreHuman Resource Management Interventions: Career Planning and Development, Workforce Diversity, and Employee Stress and Wellness.4744 Words   |  19 PagesA REPORT ON Human resource management interventions: career planning and development, workforce diversity, and employee stress and wellness. 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Friday, January 3, 2020

Interpretive Essay Art Museum Essay - 1087 Words

Phuc Duy Nguyen (Tony) Professor Kolya Rice Art History 384 A 5th December 2016 Interpretive Essay In the past few months, I ve had a lot of opportunities to observe and experience art through the course materials at school, galleries, museums, architectures, and so on. Even though I always have great interest in modern art and really enjoy the works of contemporary artist such as Claes Oldenburg and Andy Warhol, my knowledge and understanding about abstraction is quite limited. However, after our discussion and lecture about Abstract Expressionism, I found myself drawn to the picture of the Sea Change by Jackson Pollock that presented at the Seattle Art Museum (SAM) and have learned more about abstraction aspect through his paintings. Jackson Pollock (1912-1956) is one of the most famous American abstract expressionist painters from the 1940s and 1950s. He s also known as the Jack the Dripper for his unique style of drip painting. 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