AbercrombieFitch Financial Analysis - 1299 Words

ACCOUNTING 6000 FINANCIAL PAPER ANALYSIS Introduction: The structure of the paper will be as follows: First, the purpose and objectives of the fnancial analysis will be streched out, and the target audience will be identified. Second, an initial review of the company that will be taken into consideration, ABERCROMBIE FITCH will be conducted. Third, horizontal and vertical analyses with the help of the three major financial statements of the AbercrombieFitch Annual Report (Income Statement, Balance Sheet, and Statement of Cash Flows) will be conducted. Unusual trends will be identified. Additionally, ratios for the financial statemenst will be classified into four broad groupings, based on the characteristics that particular†¦show more content†¦Helps to indicate how AbercrombieFitch is performing with regard to the market value of its shares. • Earnings p. Share = Net Income / Weighed Average Number of Shares Outstanding = $ 333986 / ((87161+91221)/2) = 3.745 • Price to Earnings (P/E) = Market Price per Share / Earnings per Share = 70.58 $ / 3.745 = 18.85 Results and Interpretation of the Calculations: The current ratio of 1.93, meaning that there are almost twice as many assets as there are liabilities, indicates AbercrombieFitch s ability to meet short-term debt obligations. This ratio is relatively high, meaning that the company is very liquid and considered as having good short-term financial strength. A quick ratio of 1.19 is also indicating strong short-term liquidity, meaning that the company can repay current liabilities without relying on the sale of inventory. Number of days sales in inventory of only 57 days means, that inventory changes frequently, especially since AbercrombieFitch is a clothing company. This high turnover rate can generally be viewed at positively. The gross profit margin tells us as potential investors the percentage of revenue /Show MoreRelatedFinancial Analysis : Abercrombie Fitch1698 Words   |  7 PagesDespite Abercrombie Fitch’s efforts to win back loyal consumers with their new rebranding initiative, the company continues to experience a decline in annual revenue and dismal growth coupled with a poor return on investment, making it a risky investment option for potential shareholders. According to the company’s annual report, Abercrombie Fitch saw a decline in revenue from $4,116.90 billion in February 2014 to $3,744.03 billion in 2015 with fourth-quarter revenues falling nearly 14% to $1Read MoreAbercrombie And Fitch Company Financial Analysis893 Words   |  4 Pages Brandon Gooden Abercrombie Fitch Company Financial Analysis Finance 504 Professor Kramer August 30, 2017 Investments to Support the Business Unit Strategy or Strategies Abercrombie and Fitch and subsidiary brands: Abercrombie Kids, Hollister, and Gilly Hicks, have mastered the basics of image priority and sex appeal in the retail industry. In earlier years, and still perceived by consumers, ANF has been known for its controversial print advertisements and attractive logoRead MoreAbercrombie Fitch vs. HM: Financial Analysis848 Words   |  3 Pages1. 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Currently, Abercrombie and Fitch sells jeans, graphic t shirts, shorts, knit and woven shirts, outerwear etc under the brand names of Abercrombie and Fitch, Abercrombie kids and HollisterRead MoreAbercrombie Analysis Finance1541 Words   |  7 PagesFINANCIAL MANAGEMENT PROJECT 1 Summary A.    INDUSTRY ANALYSIS    B.    RATIO ANALYSIS    1.    LIQUIDITY   RATIOS    2.    ASSET   MANAGEMENT   RATIOS    3.    DEBT   MANAGEMENT   RATIOS    4.    PROFITABILITY   RATIOS    5.    MARKET   VALUATION   RATIOS    C.    CONCLUSION    APPENDICES AND SOURCES:    3    5    5    5    5    6    6    7    8    2 de JAHAM Charles 04/18/2012 Abercrombie Fitch Co.,Read MoreComparing the Annual Financial Statements of HM and AF1061 Words   |  4 PagesThe big problem with HMs annual report is that it does not contain financial statements. In order to acquire balance sheet figures, the latest quarterly financial report has been acquired. The HM balance sheet does not disclose anything about the types of equity the company has. The Abercrombie and Fitch balance sheet does. The book value of its Class A common stock is $1.033 million. The paid-in capital is $369 million, retained earnings are $2.32 billion and the accumulated other comprehensiveRead MoreCase Study: Abercrombie Fitch948 Words   |  4 Pages1. Abercrombie Fitch (ANF) uses US GAAP as its accounting standards, as required by US securities regulators and accounting conventions (2009 ANF Annual Report). The Securities and Exchange Commission strongly recommends the use of the most up-to-date GAAP taxonomy in the preparation of financial statements and commun ications for American public companies (SEC.gov, 2011). HM is a Swedish company, and its stocks are listed on the OMX Nordic Exchange in Stockholm (Hm.com, 2012). Firms listed onRead MoreOverseas Expansion Marketing Pl Introduction1339 Words   |  6 Pageslifestyle. 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How Youths Are Deemed As The Perpetrators Of Today s...

When the words ‘youth’ and ‘young people’ come up there are different connotations that come along with it, some people may feel very positive towards the youth of today. However, some people feel the complete opposite and have negative views altogether. In some cases, people believe they have Ephebiphobia which is a fear of young people, with 1.5 million Britons considering to move houses last year and about 1.7 million people not going out after dark to avoid youngsters (Lewis, 2016). Researchers are fearing that the public are alienating the youth and â€Å"A rise in social Paedophobia will simply make matters worse† Nick Pierce the IPPR (Institute for Public Policy Research). In this essay I will be discussing how youths are deemed as the perpetrators in today’s society and how this theory came about. Furthermore, discussing how young people are also vulnerable to being victims as well, but are also under-protected. Adding to that I will di scuss the UK’s policing structure such as stop and search and taking young people into custody and whether it has been successful for the past years in England and Wales or not. So what defines youth or a young person? criminologists for years have attempted to find a definition for youth. However, criminologist John Muncie has summed it up well: â€Å"An ill-defined and variable period of the life-span between infancy and adulthood.† (Davies, Francis, and Greer, 2007). Although this is a definition people still don’t quite understand whatShow MoreRelatedThe Rape Fantasies Of A Fun Home. Fun Home: A Family Tragicomic1301 Words   |  6 Pagescoming to understand her father s enclosed identity as well. Contrary, Rape Fantasies was written and published by Margaret Atwood. Atwood is an Canadian poet and novelist who gained public attention by a collection of poems called Double Persephone in 1893. 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Should Juveniles Be Trial As An Adult?. By Mikerlange4083 Words   |  17 Pages By Mikerlange Dextra, English 4 honors Mr. Ronald Wilson Period 6 03/14/17 The Declaration of Independence States that â€Å"we the people are created equally†. Based on that, the question of should juveniles be trial as an adult has risen in the society these children are being tried as adults while others are being tried as juveniles and receiving milder punishments. People hold certain inalienable rights that all human beings, â€Å"According to the U.S constitutional, meaning that all humans are naturallyRead MoreAnti Black Racism And The Black Experience2147 Words   |  9 Pagesagainst Black people, Anti-Black Racism is the nomenclature that best describes the historic and current life conditions, in a Euro-centric world, of peoples of African decent, both on and off the African Sub-continent. Some social commentators, in the U. 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Browning, Robert My Last Duchess And Porphyrias Essay Example For Students

Browning, Robert: My Last Duchess And Porphyrias Essay LoverMike SobierajEnglish 203Roger GilbertThe Lover and the DukeThe creation of a plausible character within literature is one of the most difficult challenges to a writer, and development to a level at which the reader identifies with them can take a long time. However, through the masterful use of poetic devices and language Browning is able to create two living and breathing characters in sixty or less lines. When one examines these works one has to that they are quite the achievements for they not only display the personas of two distinct men but also when compared show large differences while dealing with essentially the same subject. A brief examination of the structural aspects of Porphyrias Lover is needed before further analysis is done. One can break the poem up into twelve stanzas with an ababb stanzaic rhyme structure, though it is most often printed as a block poem. This would make it an alternately rhymed quatrain with a fifth line attached to create a couplet ending. The majority of the lines contain four iambic feet, though a few are nonasyllabic. Five of the twelve stanzas spill into the next stanza, thus detracting from their free-standing integrity. These stanzas are not syntactically self-containing and therefore the end-couplet value is undercut. If we examine the end of the eighth stanza we see that there is enjambment into the ninth stanza. In one long yellow string I wound,Three times her little throat around,And strangled her. (Browning, Porphyrias Lover, Lines 39-41)This does detract from the couplet though it emphasizes the tone, making the understated nature even more sociopathic.This is one example of how this simple tool in itself masterfully accentuates the overall tone of understatement and the impression of lackadaisical unaffected speech. The majority of the words in this poem are monosyllabic which adds to the mood. However, what is more important is that the words that are polysyllabic are quiet and unassuming. They do not break the tense tranquility of the piece. Burrows points out that, Much of the force of the narrative lies in its almost naive simplicity and in the corresponding quiet, matter-of-fact tone of voice, a tone which in effect is not shouting Horrible murder! Read all about it! but murmuring, I am going to tell you a nice little bedtime story. (Burrrows, page 53)Despite the fact that the metrical pattern is often strayed from, some lines contain 3 or 5 stresses, the poem is rhythmically appealing. According to Burrows, the poem suggests the accents and modulations of speech and also remains quietly unemphatic. (page 56)A similar analysis of My Last Duchess is also needed before the two can be compared adequately. The frigid decorum of the Duke is established by the imperceptible, but unfailing, rhyming couplets. The inability for the reader to notice these during recital of the poem is due to the extreme prevalence of enjambment within the work. According to Burrows, It is decidedly the open couplet that he uses, and there are many run-on lines since syntactical pauses rarely coincide with couple-endings or line endings. (page 116) The meter of the poem is iambic pentameter though the rhythm feels more irregular due to the deliberate disregard for the formal couplet pattern. This also creates the sense or beat of regular s peech and helps to create the tone of the Dukes voice. The Duke does not seem as formal in this poem (as his created persona suggests him to be normally). This laxness is done in a coldly calculating way creating a visible facade. Burrows realizes that,The quiet, casual conversation tone prevails throughout the except for one brief moment when the Duke reaches the understated climax of his last duchesss history and his phrases harder into a lapidary laconism. Before it was written, The Iliad was a poem told o EssayPorphyrias Lover and My Last Duchess are two of Brownings impressive monologues that, through the use of poetic devices, develop unique male protagonists. Evident class differences and social issues arise from these works. Porphyrias Lover contains the detail and development that would normally be found in a short story while the much denser My Last Duchess could be said to encompass an entire novel. Thus we can see that these brief works both show a unique mastery by Browning of creating the fictional psyche. The bizarre interrelationship between man and woman is fully captured within these works. There is pain, jealousy, rejection and happiness. The majority of the spectrum of emotions associated with love and marriage is contained by these pieces.From them we can learn the nature of love should allow people to conquer class distinction and that marriage should avoid sexist male tendencies. Inadequacy is a feeling that perva des both poems, and is evident through the voices of their protagonists. One can see its horrifying effect immediately. Men need to learn to deal with their possessive and aggressive natures in a way that creates a love that is beneficial to both partners not to just one. Browning, in these works, is painting the side the Romantics before him neglected to. Works CitedBrowning, Robert, Robert Browning: Selected Poetry, (London: Penguin Books, 1989), pp. 17-8 and 25-6Burrows, Leonard, Browning the Poet, (Perth: University of Western Australia Press, 1969), pp. 51-61 and 115-121 DeVane, William Clyde, A Browning Handbook, (New York: Appleton-Century-Crofts, Inc. 1955), pp. 108-9Category: English

Business Communication for Amara Company -myassignmenthelp.com

Question: Discuss about theBusiness Communication for Amara Company. Answer: Introduction In the past business, communication was inefficient and slow because the technology was ineffective. For example, texts were typed using carbon papers to make as copies many copies as possible, something that was tedious and time-consuming. With the advancement in technology, communication has been made easier through the use of telephones, mobile phones, and the internet which made it possible for communication to be done through emails. Likewise, technology has made business communication easier through the sharing of information among the people in the organization. This paper seeks to explore business communication in the organization set up. Communication breakdown can be detrimental to the success of an organization. Therefore, organizations should establish right strategies that will facilitate effective communication throughout. With the technological advances, companies communicate with their stakeholders through emails, phones, video conferences. This has made customer service and sales difficult because it has done away with the personal factor in communication. On the other hand, miscommunication might lead to disengagements and lack of motivation from employees, reluctance in sharing of ideas and staff ceasing to perform to the best of their abilities. (Zoller, 2004, p. 210). Recently Amara Company, a business dealing with horticulture contacted my company to supply them with insecticides. Being the largest manufacturer of insecticides in the region, I didn't want to fail the client. The quotation was made, and my company supplied the ordered amount of products to Amara limited. The goods were sold to the company on credit with a repayment period of three months. The cost accountant ensured that he had sent emails to Amara occasionally limited to serve as a reminder of their debt. The repayment period expired without receiving a word from Amara .the accountant had to follow up with the company so that the debt could be paid. Later it came to their realization that Amara limited wasn't receiving the emails simply because they ended up in the spam file and therefore, according to them they did receive emails at all. As the manager of the company, the situation got me furious because production was not running well due to lack of finances. This, in turn, brought a lot of tension in the company due to anticipatory stress caused by email related norms. Just because the message was sent to Amara limited did not mean that they received it. In this case, the message ended up in the spam file. The accountant would have asked for a response or make a follow-up confirmation call when the email was sent. The failure to have another method in case of communication failure brought my company into a total mess. From the analysis of the above case in my company, it is clear that communication breakdown can create confusion, disappointments and frustrations within the organization. The communication through an email was not an effective method. My company should have used another alternative method of communication when it appeared that the Amara Company was not responding. The utilization of the two communication channels should have helped to solve the situation. However, the reliance on single communication company brought in a lot misunderstandings in my company. Therefore, it is important for the organization to have more than one communication that can applied at the same time. This will help in avoiding the consequences brought by communication breakdown within an organization. Dialogic communication involves the interaction between each person involved where everyone has an equal chance to express himself or herself. In this type of communication, communicators have the right to make their opinions known without any fear or coercion. The parties involved in the communication should listen to each other and try to avoid negative criticism and personal judgments. This type of communication differs from the monologue communication that I have experienced in the workplace and even in the university. Monologue communication occurs when one person talks and the other listens. The person talking is usually interested in his or her own goals and doesnt care about the interest of the listeners. There is no real interaction between the participants and the communicator often show reluctance to listen to the other person ideas. The focus here is not to the audience but on the communicators message. Responses are needed from listeners only when the communicator wants to further his purpose and not to make the audience understand (Rybalko and Seltzer, 2010, p. 337) Dialogue is a practice that engages people to different ideas and perspectives. This is an inclusive process that has significant long term effects on an organization. It is an important tool in the change process. Dialogue increases the employees awareness of the issues that the company is facing and aids in the communication of its objectives. Conflicts that might occur during the change process may be solved through dialogue (Swenson, 2008, p. 44). Through dialogue employees can explain the critical issues that they perceive affects them. On the other side, the company management can pass information that is deemed important or may inoffensive to the company employees in a light manner. Strong and healthy relationships can be created through dialogue. Employees develop confidence in the integrity of those they are working with. Personal agendas of people are known and that employees can count on each other creating a sense of cohesion between them. (Mchesney, 2015). Dialogue with customers enhances their retention because their issues are taken into consideration. This is very effective especially when the organization wants to introduce a new product in the market. Gaining compliance from employees is necessary for them to adhere to rules and regulations set. This can only happen if the management listens to the feedback from staff and take into account their opinions and feelings. The organization needs to have an open communication channel for it to achieve the best performance from employees (Yang and Johnson, 2010, p. 480). Management of conflict can be effectively achieved through dialogue. All parties involved are brought together to discuss their differences in a moderate environment .conflicts in the organization need to be solved because it may lead to loss of talented workforce and possible lawsuits. Dialogue with prospective clients is key to closing important deals and gaining new customers. This is because the clients can be persuaded to accept the products offered by the new client. This cannot be achieved without dialogue (Dycke and Mischke, 2012). Common goals help unite teams in the organization .the management needs to be clear in setting these objectives of departments .sharing the mission, vision of the company can only be achieved through the involvement of every party. This allows employees to understand their roles and be more engaged for the success of the organization. (Deetz and Simptson, 2009, p. 150) Employees are motivated whenever theres open communication because they can share their ideas allowing them to be innovative. New ideas are then put into action and therefore growth experienced in the organization. Engaging in a dialogue makes the subordinates feel comfortable to share their ideas without them being degraded by the senior management. (Skordoulis and Dawson, 2007.p 1000) There are a lot of insights gained about communication from working in an intercultural setup. Some of these may include: ensuring that open communication is part of the organization's culture. Staff should be allowed to share their ideas, and the senior management needs to respect their contributions. Those in leadership need to lead by example for the juniors to follow (Kent and Taylor, 2012, p. 30). A method for collaboration and sharing of ideas should be developed. This could be in the form of a suggestion box, holding regular meetings or coming up with a software tool that captures new ideas from the staff. People from different cultures get to sit and table their views developing strong working relationships among them (Caprioti Moreno, 2007, p. 87). Managers need to practice what they tell their staff. Open dialogue amongst the staff should come from the top for employees in a way management itself does. Open communication needs to be rewarded. Managers have to be enthusiastic about sharing ideas in that they need to reward good ideas from the staff. An employee who feels that his contributions are not being received well ceases to contribute (Bovee, 2010). Open communication facilitates the ideas sharing environment through managers and employees of the lower radar interacting formally and informally to address the existing or potential work related issues. Conclusion The culture of open communication where employees are encouraged to share ideas and concerns gives them the sense that they are valued in the organization. This feeling of value, in turn, leads to a sense of ownership among the staff and in return high performance. Therefore, dialogue and open communication is the culture that every organization should embrace. References Bovee, C.L., 2010. Business Communication Today, 10/e. Pearson Education India. Capriotti, P. and Moreno, A., 2007. Corporate citizenship and public relations: The importance and interactivity of social responsibility issues on corporate websites. Public relations review, 33(1), pp.84-91. Chiva, R., Alegre, J., and Lapiedra, R., 2007. Measuring organizational learning capability among the workforce. International Journal of Manpower, 28(3/4), pp.224-242. Dyck, B., Mauws, M., Starke, F.A. and Mischke, G.A., 2012. Passing the baton: The importance of sequence, timing, technique a Deetz, S.A., Tracy, S.J. and Simpson, J.L., 2009. Leading organizations through the transition: Communication and cultural change. Sage Publications and communication in executive succession. Journal of business venturing, 17(2), pp.143-162. Kent, M.L., and Taylor, M., 2012. Toward a dialogic theory of public relations. Public relations review, 28(1), pp.21-37. McChesney, R.W., 2015. Rich media, poor democracy: Communication politics in dubious times. New Press, The. Rybalko, S. and Seltzer, T., 2010. Dialogic communication in 140 characters or less: How Fortune 500 companies engage stakeholders using Twitter. Public relations review, 36(4), pp.336-341. Skordoulis, R. and Dawson, P., 2007. Reflective decisions: the use of Socratic dialogue in managing organizational change. Management Decision, 45(6), pp.991-1007. Swenson, D.H., 2008. Relative Importance of Business Communication Ski Lls for the Next Ten Years. The Journal of Business Communication (1973), 17(2), pp.41-49. Yang, S.U., Kang, M. and Johnson, P., 2010. Effects of narratives, openness to dialogic communication, and credibility on engagement in crisis communication through organizational blogs. Communication Research, 37(4), pp.473-497 Zoller, H.M., 2004. Dialogue as global issue management: Legitimizing corporate influence in the transatlantic business dialogue. Management Communication Quarterly, 18(2), pp.204-240.

Mrs. Hamer Essays - African-American Civil Rights Movement

Mrs. Hamer She speaks for the mood of a race, a race that for centuries has built the nation of America, literally, with blood, sweat, and passive acceptance. She speaks for black Americans who have been second class citizens in their own home too long. She speaks for the race that would be patient no longer that would be accepting no more. Mrs. Hamer speaks for the African Americans who stood up in the 1950's and refused to sit down. They were the people who led the greatest movement in modern American history - the civil rights movement. It was a movement that would be more than a fragment of history; it was a movement that would become a measure of our lives. The government finally answered on July 2nd with the Civil Rights Act of 1964. The Civil Rights Act of 1964 is historically significant because it stands as a defining piece of civil rights legislation, being the first time the national government had declared equality for blacks. The civil rights movement was a campaign led by a number of organizations, supported by many individuals, to end discrimination and achieve equality for American Blacks. Born October 6, 1917, in Montgomery County, Mississippi, Fannie Lou Hamer was the granddaughter of a slave and the youngest of 20 children. Her parents were sharecroppers. At age six, Fannie Lou began helping her parents in the cotton fields. By the time she was twelve, she was forced to drop out of school and work full time to help support her family. Once grown, she married another sharecropper named Perry Pap Hamer. On August 31, 1962, Mrs. Hamer decided she had had enough of sharecropping. Leaving her house in Ruleville, MS she and 17 others took a bus to the courthouse in Indianola, the county seat, to register to vote. On their return home, police stopped their bus. They were told that their bus was the wrong color. Fannie Lou and the others were arrested and jailed. Mrs. Hamer began working on welfare and voter registration programs for the Southern Christian Leadership Conference (SCLC) and the Student Nonviolent Coordinating Committee (SNCC). In 1964, presidential elections were being held. In an effort to focus greater national attention on voting discrimination, civil rights groups created the Mississippi Freedom Democratic Party (MFDP). This new party sent a delegation, which included Fannie Lou Hamer, to Atlantic City, where the Democratic Party was holding its presidential convention. Its purpose was to challenge the all-white Mississippi delegation on the grounds that it didn't fairly represent all the people of Mississippi, since most black people hadn't been allowed to vote. Fannie Lou Hamer spoke to the Credentials Committee of the convention about the injustices that allowed an all-white delegation to be seated from the state of Mississippi. Although her live testimony was pre-empted by a presidential press conference, the national networks aired her testimony, in its entirety, later in the evening. Now all of America heard of the struggle in Mississippi's delta. A compromise was reached that gave voting and speaking rights to two delegates from the MFDP and seated the others as honored guests. The Democrats agreed that in the future no delegation would be seated from a state where anyone was illegally denied the vote. A year later, President Lyndon Baines Johnson signed the Voting Rights Act. Music

Policy Program for Mt. Rossmoor Community College

Policy Program for Mt. Rossmoor Community College Successful development should not only encompass the growth of productivity, but should also ensure that the adopted pattern of growth is broad-based. This way, the management ends up with a variety of policy options that can be evaluated to select the best development strategy.Advertising We will write a custom essay sample on Policy Program for Mt. Rossmoor Community College specifically for you for only $16.05 $11/page Learn More The selected strategy must tailor those policies to the objectives of growth and development (Kind, 2013). However, since the world is rapidly changing, the long-term development needs of institutions are often overlooked. Instead, prompt and drastic measures are taken so that the institution remains competitive and relevant to stakeholders (Borman Hewes, 2002). In the long run, organizations find themselves in complex situations that sometimes call for an entire system overhaul. However, it is important to point out that at tim es, the complex situations in which organizations find themselves result from external factors. Mt. Rossmoor Community College’s case is a typical example an externally instigated complexity. Unfortunately, the college’s management has to bear the burden of navigating it out of the delicate circumstance. This paper examines MRCC’s condition and outlines policy options that can be explored to move it forward. For Mt. Rossmoor Community College (MRCC) to be the fifth among the fastest growing community colleges in the nation, the management must have implemented some prudent policies. Therefore, the 24% growth is not only due to the housing boom as claimed, but also as a result of proper strategy formulation and implementation. Unfortunately, MRCC did not escape the tide of the national economic crisis that prompted the government to reduce its budgetary allocation to public institutions.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Consequently, MRCC’s faces a 15% reduction in the financial support it gets from the government reduced by 15%. This adjustment is likely to affect the well being of all the stakeholders of the college. As such, the management must act swiftly to formulate new strategies and come up with a lean mode of operation. MRCC needs a new budget that will guide its new mode of operation. The new budget should outline how much the program will cost, give a forecast of its sustainability, and align the program’s implementation costs with MRCC’s fiscal strength. The stakeholders that are likely to be affected directly by such drastic measures would include the local community, the management, students, employees, the government, and suppliers. Students expect value in the form of proper service delivery since they pay fees. They gauge the level of service delivered based on the quality of accommodat ion facilities, catering services, and most importantly, academic services. The management for its part expects the college to run smoothly while the community expects transformed individuals who can successfully take up societal roles after training. For employees, the most important concern is that their jobs should be satisfying and rewarding. The jobs should avail opportunities for career growth and advancement. Suppliers, like all other stakeholders, also have their expectations. They expect their merchandise to be ordered and paid for in time. Finally, the government, despite reducing its financial support, expects the college to produce responsible and productive workers. To meet all these expectations in the face of financial scarcity, MRCC has to take some drastic measures to reduce its expenditure.Advertising We will write a custom essay sample on Policy Program for Mt. Rossmoor Community College specifically for you for only $16.05 $11/page Learn More According to Konzelmann (2012), austerity measures become handy when there is little money to spend. In other words, they are measures associated with cutting costs. MRCC will employ some austerity measures to help it go through the tough financial situation that it is in. Therefore, it will reduce spending on stationery, staff development activities, property maintenance, and student welfare. These measures are drastic and will undermine the interests of students, suppliers, and the staff, but for the sustainability of the college, they are necessary. The saved funds will facilitate the construction of new tuition blocks for new students besides cushioning the college from the adverse effects of the 15% reduction in the government’s financial support. Arguably, money in its own respect cannot improve the situation of an institution. This assertion is inspired by the idea that in the presence of abundant financial resources, poor planning and misappropriation of funds c an still result in poor school quality. Nonetheless, evidence suggests that sufficient financial resources are a necessary prerequisite for providing quality education (Baker, 2012). In view of this assertion, a small fee increment will be plausible. This increment will be factored in after lengthy deliberations with the concerned stakeholders because many students stand the risk of being locked out of the system if rush decisions are made concerning this issue. As a policy option, fee increment is considered plausible because it will bring in significant amounts of additional income for MRCC.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More According to Cascio (2010), an organization that decides to eliminate redundant workers can do so using four strategies viz. attrition, voluntary termination, early retirement incentives, and compulsory termination. These four options are also at the disposal of MRCC if the above options prove inadequate. Attrition, in which firms do not replace the people who leave, is the most alluring since it does not directly interfere with the interests of the remaining workers. However, the management usually has limited control over the process. Therefore, it is not a viable option for MRCC because there is need for prompt budget reduction. Voluntary termination is another option that has the advantage of allowing the staff to opt out or stay. However, this approach may also be inappropriate for MRCC since no one may be willing to leave voluntarily. Early retirement in which an organization offers a generous retirement package to an employee who chooses to leave, is the third policy option f or downsizing the MRCC workforce. Its attractiveness is, however, reduced by the considerable amounts of money will be lost in the form of send-off packages. Compulsory termination, therefore, becomes the most appropriate policy option for MRCC because it gives the management direct control over the downsizing process. The management will objectively audit the needs of MRCC to ensure that only redundant workers are laid off. Weinstein (2008) notes that such audits are necessary to ensure that managers stay focused on the objectives of downsizing instead of personal preferences. This policy option will have an effect on the economic circumstances of the affected employees and the economic strength of the local community, but it is justifiable since it will protect the interests of MRCC. The challenge of navigating MRCC through this financial tide seems insurmountable. However, running the institution on a lean budget under the auspices of the proposed policy options can see it throug h the difficult time. Human dignity will be taken into consideration during downsizing because there will be proper communication with the affected individuals before the exercise is executed. Criticism and resistance are factors to consider during the implementation of the policies. Nonetheless, proper communication between the management and the stakeholders will ensure that a consensus is reached. The support of all stakeholders is crucial to the success of the whole process. As such, it is important that all the stakeholders reach a consensus before the proposed policies are implemented. References Baker, B. (2012). Revisiting the age-old question: Does money matter in education? Washington, DC: The Albert Shanker Institute. Borman, G., Hewes, G. (2002). The long term effects and cost-effectiveness of success for all. Educational Evaluation and Policy Analysis, 24 (4), 243-266. Cascio, F. (2010). Employment downsizing and its alternatives. Princeton, NJ: Princeton University Pr ess. Kind, P. (2013). Disruptive challenges: Financial implications and strategic responses. Washington, DC: Edison Electric Institute. Konzelmann, S. (2012). The economics of austerity (Centre for Business Research, University of Cambridge Working Paper No. 434). Web. Weinstein, B. (2008). Downsizing 101. Web.

Ethical approval Essay Example | Topics and Well Written Essays - 1000 words - 1

Ethical approval - Essay Example (For example, outline of research methodology, what information/data collection strategies will you use, where will you recruit participants and what approach you intend to take to the analysis of information / data generated) Data will be collected through a face-to-face semi-structured interview of nurses and patients. This is only fitting considering that Hancock (1998) relates that data collection in a qualitative research involves direct encounters with individuals through one to one interviews. In-depth interview allows intensive exploration of a topic with someone who has had related experiences. Open-ended questions will be used during the interview. This is in contrast with close-ended questions which may limit further exploration of the participants’ experiences. Typically the recommended sample for grounded theory is about 20 to 30 participants (Polit & Beck, 2006). Determining the sample size depends on the quality and richness of the data. This research will aim to involve 20 nurses and 20 patients. Once College ethical approval is gained, the researcher will send a formal letter to the hospital administration in Kuwait and to the surgical unit supervisor or manager requesting permission to recruit patients and staff from the hospital. Once the approval is gained the researcher will then proceed to place a notice/poster in the surgical ward which will invite volunteers from among surgical nurses and patients who are willing to take part in the research or those who are readily available to become participants of the research. There is no ethical committee in the Kuwait hospital; therefore organisational approval will be gained from the Manager. The research will involve registered nurses who work in surgical units. Only those nurses who are currently assigned in the surgical unit of the Kuwait Hospital will be eligible to participate in the study. The questions for nurses covers main areas