Managing financial resources and decisions Essay - 1

Managing financial resources and decisions - Essay Example We also need to determine the implications and related advantages and disadvantages of the sources of finance. Apart from this, Mrs. Jessica Bell wants to purchase a property of 350000 pounds for the business purpose and for this she is considering a long term loan for 12 years and a mortgage of 25 years. She has 70000 pounds for initial deposit for the property. Now we need to calculate and analyze that which one will better option for her for buying the property. Apart from this she needs to understand the meaning and importance of financial planning and the information that are needed about a business by the investors and shareholders. We also need to describe the different types of budgets and the importance of budget analysis in decision making process. we will also analyze the financial statements of a profit making organisation. Venture capital funds support growing firms during their inception stages and before they are going for initial public offerings of shares. Firm will get venture capital as a form of equity capital. It represents a highly risky investment in the hope of earning higher return in future. It typically invests into equity or quasi equity instruments in financial market which will be able to share the risk and profit of the investee firm. Venture capitalist not only invests in the new company but also guides the firm actively in taking major decisions. Financial burden of the assisted firm tends to be low. Venture capitalist normally close it position by liquidating the investment from the assisted firm after 7 years. (Chandra, 2011, p.436). Personal or commercial loans from banks and financial institutions are one of the most popular forms of financing. It includes long term and short term loans. Long term loans are useful to finance fixed assets and large expenses like buildings, property and machinery. Short term loans are having duration of one year or less. These are

Human Resource Management Overview Research Paper

Human Resource Management Overview - Research Paper Example Therefore, every organization should manage human resource department appropriately to enhance success. Q. 1 In early days, human resource management was meant for the custody of records. Record keeping is one role of the personnel department in many organizations including health care industry. Many people do not find or are not aware of the roles performed by human resource management in organizations. Today, human resource management is becoming a vital organ with increasing roles and duties. The roles human resource management department plays in medical care field include; Legal, ethical and safety issues in health care It is the role of human resource management to ensure that all employees understand ethical issues and legal principles in health care industry. The main type of relationship in health care is that of healthcare giver and patient (Pynes & Lombardi, 2001). The relationship between healthcare providers and patient should be attended to since health care industry is faced by many dilemmas in this area. Laws and policies have been implemented to protect service providers and patients. Therefore, human resource management should carry out training to address the ethical and unethical issues to be practiced in the field of medical care. It is the role of human resource to ensure that healthcare providers are working in a healthy environment. ... This ensures that only staffs with the required skills, expertise and qualifications are selected to fill vacant positions. After a candidate is selected, the human resource department should make efforts to retain the staff. The backbone of every health care is nursing and it is faced with shortages (Hernandez & O'Connor, 2009). Additionally, rural areas are experiencing shortages of physicians and therefore, care should be taken in selection, recruitment and retention of health care providers especially nurses and practitioners. Motivation of heath care employees Human resource has a role to motivate staffs who are in direct contact with patients and those who are involved with patients indirectly. This is to ensure that high quality services are provided to patient. Staffs involved in direct contact with clients are nurses and physicians while laboratory technologists, technicians and clinical technicians have indirect contact (Pynes & Lombardi, 2001). Nurses and physicians depend on the results given by laboratory technicians to give prescriptions to patients. Therefore, all staffs play an important role in provision of quality services to the client and fair treatment is essential for all. Empowered employees who receive good compensation for work done and working in good environment perform well. Additionally, rewarding employees with promotions, incentives and appreciation are factors that lead to employees’ motivation to quality work. Another role of HR is provision of benefits to medical staffs. These include mandatory benefits by law like medical leave, unemployment insurance and worker’s compensation (Pynes & Lombardi, 2001). Other non-mandatory

Process Design Matrix and Summary Essay Example for Free

Process Design Matrix and Summary Essay This process design matrix and executive summary will focus on Chapman Tool and Manufacturing and there performance measurement process. This executive summary is needed for Chapman Manufacturing due to their lack of process performance management that will include service approaches, that consist of production line, self-service, and personal attention approaches. This summary will also cover product approaches for their process performance measurements that consist of, batch assembly line and continuous flow approaches. This executive summary of process performance measurement will quantitatively tell Chapman Manufacturing something important about their products, services, and any of the processes that produce them. To conclude this summary, this tool will help Chapman Manufacturing understand, manage, and improve the company’s processes. To begin, the first service approach for Chapman’s process performance management consist of production line approach to improve the company’s performance efficiently and effectively. â€Å"Performance management means addressing any and all performance issues, meaning feedback for performance that is not up to par with procedure as well as praising employees for a job well done.† (Mayhew, R. 2013) Chapman starts with each employee receiving their performance file that includes their consistency, effectiveness, and efficiency for their progress for success and promotions. These performance measurements, that includes their 10-15 machines of production line approaches. There will be a selection on running their machine to run perfect parts or to make changes but this way they have it recorded and make the changes as needed. The second service approach for the process performance measurement plan consists of, a self-service approach. Chapman Tool and Manufacturing will be implementing EMC2 consulting services with HR and then management to assure that every activity provides meaningful value. (EMC2, 2013). At Chapman there are a lot  of fragmented processes that can be avoided so financially and human resources are not drained and diminish any chances of keeping up with changing markets and customer demand. There are self-service approaches in this change for the process performance management plan for every employee (machine operators etc†¦) that include, â€Å"Streamline processes to expedite new product introduction, Standardize, integrate, and improve existing processes, Design and implement new processes, Simulate and model processes for operators, Define process metric and performance management strategies.†(EMC2 , 2013). The third service approaches for the process performance management plan consist of personal attention approach. Chapman should implement the personal attention approach that will include specific competencies that will best be determined through a job analysis process. Competencies that will be included in this personal attention job analysis approach will consist of, Accountability and dependability Adaptability and flexibility Advocating causes Analysis and reasoning Attention to detail Business alignment Coaching and mentoring Creative and innovative thinking Customer focus Decision making and judgment All of these competency functions are to determine each employee’s performance file and documented with constructive criticism and praise to becoming successful with and for the company. Chapman also needs to implement product approaches for their process performance management plan. The first product approach that will be implemented is known as a batch approach. A batch approach can be known as a lean manufacturing process also and focus’s on demand-based flow manufacturing. â€Å"This type of production setting, inventory is pulled through each production center when it is  needed to meet production orders; this will deliver the benefits of, Decreased cycle time Less inventory Increased productivity Increased capital equipment utilization.† (Wiki, 2013) The second product approach for Chapman’s process performance management plans consist of, assembly line approach. By Chapman implementing the assembly line approach, will keep all operators on the same page and get product sent to the next department for the assembly of the product being put together. Then finally are sent to the final department to be inspected and shipped. Having different departments for the processes of the product, and having an assembly line approach for each step will keep the company’s organization on line for their performance management. The third product approach for Chapman’s process performance management plans consist of, a continuous flow approach. The continuous flow approach are implemented through the â€Å"lean building blocks†, like, â€Å"Five S: Aims to bring orderliness, tidiness , and cleanliness to operations , Visual controls: All tooling parts and other production activities are kept clearly in view to help eve ryone understand the status of the process at a glance. Poka-Yoke: Mistake Proofing. Process designs can be modified to make it nearly impossible for mistakes, spills, leaks, and other process upsets to occur. By implementing these techniques and others will uphold the continuous flow approach for the process performance management plan for Chapman Manufacturing. In conclusion, the process design matrix and executive summary was focused on Chapman Tool and Manufacturing and what their performance measurement process entailed. The executive summary was needed for Chapman Manufacturing due to their lack of process performance management that was included in these service approaches that consisted of production line, self-service, and personal attention approaches. The summary also covered product approaches for their process performance measurements that consisted of, batch, assembly line, and continuous flow approaches. The executive summary that entailed their process performance measurements will quantitatively tell Chapman Manufacturing something important about their products, services, and any of the processes that  produced them. To conclude this summary, this tool will ensure that Chapman Manufacturing understands, manages, and improves the company’s processes for their future business and profits. References EMC2, (2013). Business process management. Retrieved on January 2, 2013 from http://www.emc.com/consulting-services/application/expertise/business-process-management-bpm.htm Lean Manufacturing (2013). Wikipedia. Retrieved on January 2, 2013 from http://en.wikipedia.org/wiki/Lean_manufacturing Mayhew, R. (2013). Development of an employee performance plan. Retrieved on January 3, 2013 from http://smallbusiness.chron.com/development-employee-performance-plan-1942.html

Advantages Of Women Entrepreneurs Business Essay

Advantages Of Women Entrepreneurs Business Essay In India women entrepreneurs play a very pivotal role. They are not only educated, talented, confident, ambitious and career oriented but they also know their minds. This helps them to juggle the tasks, manage all the chores and strike a fine balance between the professional and personal lives. They have a good foresight, patience, negotiating and budgeting skills. Today, women have demonstrated their multitasking ability. Women entrepreneurs can certainly initiate, organize, plan and operate their small and medium venture efficiently. Affirming this notion, Ms. Husain Chairperson and Managing Director of Shanaz Husain Group of companies elaborate, the women who is creative finds greater freedom to translate her creativity and ideas when she has her own enterprise. For those women without high professional qualifications and those who are from a lower economic sector, entrepreneurship is a means of earning money and contributing to the family income. However, the challenge for the larger sections of women in India lies in crossing the threshold, overcoming barriers and discovering their own potential and identity. The climate is more conducive today and the time is right. C:UsershclDesktopwomen-business.jpg ADVANTAGES OF WOMEN ENTREPRENEURS Advantages of women entrepreneurs are as follows: 1. Emotional Intelligence Women are more emotionally intelligent than man and possess good interpersonal skills which are vital for framing strategies and building support. 2. Multitask Orientation Women have the ability of handling many tasks at the same time like talking on the phone, reading their mails, scheduling what else needs to be finished for the rest of the day and giving excellent results. They balance their families and career simultaneously effectively. Men are known to have been more troublesome with multitasking tending to focus on one or two things, thus wasting opportunities. 3. Self-Branding Attitude Woman entrepreneurs are extremely passionate by nature and enthusiastic about their choices, talking about them and sharing their thoughts. They emphasize the benefits of their services to their potential clients and are aware of how to highlight the positive features. 4. Patience Women entrepreneurs are very patience by nature and have great vision. Visionary entrepreneurs giving up on their dreams after only some months as a consequence of becoming impatient with the process only proves that the vision is not enough. The ability to wait and see is a key attribute in order to receive positive outcomes and women have it naturally. 5. Motivation Women entrepreneurs have a great passion for the work and a commitment to society. If they have the drive to pursue entrepreneurship, it means they are not afraid of taking any risks and will also make monetary gains. They possess the inner strength to continue and searches all possible means to share their business ideas with others. The increasing number of women entrepreneurs can promote economic and social equity which facilitates self-fulfillment for individuals, and improve the use of valuable human capital. Feminine traits and talents can be seen as sources of power with great advantages for entrepreneurship. In the near future women may be closing the venture capital gender gap. DISADVANTAGES OF WOMEN ENTREPRENEURS Family Considerations In the United States, women are more likely to shoulder a greater share of child-rearing duties. Children may demand their mothers undivided attention, which can be a challenge for female entrepreneurs to deal with. Building and running a new business requires a great deal of time, which may conflict with ones family obligations. Women in this situation must balance their family life with their duties as entrepreneurs. For example, parents can communicate about the need to devote some time during the day solely on business, while other times can be devoted to family matters. Confidence Although both men and women can face issues of self-doubt, or lack confidence to compete in the business market, men do not suffer from the same degree of prejudgment as do women entrepreneurs. For example, male business leaders may not believe that their female counterparts can compete or innovate to the degree that men can. The basis of these views are stereotypes about women. Having female mentors and confidants can help instill self confidence in your abilities as a female entrepreneur. Financial Barrier The foremost disadvantage of female entrepreneurship is the capital financing barrier. When starting a business, entrepreneurs need to line up capital to get the business off of the ground. Female entrepreneurs often get their initial funding from family loans, savings and credit cards. However, women can obtain capital from government startup programs, self-funding and venture capitalists. When women have promising business ideas, it is less difficult for them to obtain startup capital. Therefore, having solid business plan helps in reducing the finance barrier for women. Lack of Networks Female entrepreneurs are more likely to encounter difficulty because they are less likely to be associated with networks of people who can help them in launching and sustaining businesses. Networks include people who provide mentorship, help and valuable information to entrepreneurs. Men tend to dominate the highest levels of corporate leadership. Therefore, there are fewer women available to provide valuable advice to female entrepreneurs. Women also face customer/supplier discrimination, which occurs when customers or suppliers discriminate against women-owned firms. In response, women business leaders can create their own networks to cultivate the success of female entrepreneurs. Female Entrepreneurs Versus Male Entrepreneurs Do men have an advantage over women when it comes to starting a business? Historically, research has seemed to show that men have an advantage over women when it comes to starting a business. More recent research indicates that the perceived disparity between male and female entrepreneurs doesnt actually exist and gender is not a determining factor in the success or failure of a new business venture. But even though gender itself doesnt put female entrepreneurs at a disadvantage, the statistics point to several other factors that can impact the performance of women-owned business startups: Experience Expectations Statistically, men benefit from more business experience and higher expectations prior to opening a business. This may give men a confidence advantage when they launch a business, but according to the numbers women are more likely to report positive revenues. So whats the lesson? If you are a female entrepreneur, you shouldnt be intimidated by male counterparts even if they seem to enjoy more experience, higher expectations, and greater confidence. Risk Tolerance According to the numbers, female owners are more likely to prefer low risk/low return businesses. Male entrepreneurs, on the other hand, are more likely to start technologically intensive businesses, businesses that lose their competitive advantage more quickly, and businesses that have a less geographically localized customer base. In other words, men tend to embrace more risk than women in a new business venture. Risk is sometimes unavoidable as a business owner. But for the most part, female entrepreneurs should take steps to maintain a healthy balance between risk and reward in their companies. Education, Business Size, Hours Worked   As it turns out many of the differences that have been thought to exist between male and female business owners are more myth than reality. When all other variables are taken into account, male and female entrepreneurs have the same education levels, start businesses of similar sizes, and work roughly the same amount of hours. Since the notion that female entrepreneurs are less educated with smaller companies and less time to devote to their business is false, female small business owners should feel relieved of much of the pressure to prove themselves to their peers and more free to enjoy the fruits of their entrepreneurial endeavors. CONCLUSION Women are known for their multitasking ability; they have lot of responsibilities to fulfill such as household duties, office duties and in case of mothers, it becomes too difficult for them to step out of the house, for specific time and work in their area of interest. Because of this most of women dont get chance to go for jobs although it is their passion.   A woman, having flexible working hours and a choice of job will show miracles in the market. Starting business at home is a great opportunity for any women to start their journey in a corporate world.   It is proven that woman who runs her own business is happier than a woman who works for others. Advanced technology has given a chance to start and manage their business from home and to pursue their dream of becoming an entrepreneur. This will help them to make money for themselves while relaxing at home. They can work wherever and whenever they want. Because of this they can maintain a balance between their personal and professional life.

Essay --

The grounds that the Europeans named the Americas were the home of numerous individuals before Columbus. Having relocated from Asia many years prior, the pre-Columbian Americans spread all around the Western Hemisphere and in the long run made extraordinary developments. Around most eminent of them were the Incas in peru, the Mayas, and the Aztecs in Mexico. In the districts north of what was later named the Rio Grande, the human populace was more modest and the developments less propelled than they were more distant south. Indeed in this way, North American locals made a group of human advancement that flourished and extended. There were numerous individuals living north of Mexico when Columbus arrived. When the European contact, there were numerous locals that recently settled in the Americas. In Peru, the Incas were the biggest realm in America. Likewise were the Mexica and the Mayans in Mexico. Mayans were the first to improve a composed dialect, a numerical framework, logbook, a development farming framework, and exchange tracks. In the northern part of America were the Esk...

Friendship Through the Years :: Friendship Essay Personal Narrative

Friendship Through the Years Two sets of twins live in the house cattycorner to mine. All four are girls, and all four are in diapers. The oldest set of twins, Michelle and Caitlin, are my age, and we quickly become playmates. Caitlin has striking red hair that drapes the bottom of her shoulder blades. She is so outgoing she would chat with a hobo on the street if her mother were not there to stop her. Michelle, on the other hand, is quieter and more reserved. She is an inch or two shorter than the kids her age, and lacks the confidence that dominates her sister's personality. She clings to me. Her shy personality coincides with my bold and adventurous one. She willingly becomes my sidekick, and joins me in numerous neighborhood adventures. We travel the grassy plains, and trek across the muddy rivers, stopping only for the occasional diaper change, and the pacifiers that fall behind. Our friendship is uncommon, exciting, and pure, but I am too young to treasure this rare gift that God has given me. It is first grade, and not has much changed. Michelle's short stature has only grown more apparent, and the increasing number of people surrounding her has become overwhelming. She clutches onto me, too afraid to meet her taller, bolder classmates. At recess, Michelle and I select the multicolor u's that link together to make chains. We plop ourselves down on the gray, matted carpet and begin to make necklaces and bracelets. Something makes us chuckle, and before you know it we are grabbing at our sides with laughter pains. Michelle laughs so hard that she pees all over our beautiful creations that we, and the classroom, left on the floor. Her angelic smile turns immediately into an expressionless stare. I look into her puppy eyes and watch tear after tear streak down her cheeks into the pee that surrounds her. I want to take that pain away from her. I want all those small, watchful eyes in the class to glare at me instead of innocent little Michelle. It is sixth grade and the Green Springs Special Chorus, which Michelle and I are a part of, is going to the junior high school to sing. Our choir is singing seventies music, and we are required to wear seventies clothes. Michelle and I are matching from head to toe. Our attire consists of blue felt poodle skirts, white shirts, black scarves, and starch-white Ked's shoes.

Lupu Bridge

There are five phases in constructing the Lupu Bridge. First is the foundations. When we talk about foundation it is the lower part that carry all the loads of the structures.The condition of the ground on either side of the Huangpu River are not appropriate for the large thrusts made by an arch bridge. Even though its arch is tied, and the use of reducing the forces transferred to the foundations, its total vertical force is still too much. And also the result of the arch being tied is that the parts of the foundations should be able to remain strong against the force. Since Lupu is located in Shanghai, and the fact that it is located near a river, it has soft soil. Therefore the most suitable option is piled foundations for that reason. Its foundations is composed of 118, 900mm diameter steel tubes ,and each pile is about 65m in length.The larger surface area of the piles and long length mean that they could be friction rather than bearing piles. This is assuming that the soil consists of clay nearer the surface moving into stiffer clay then sand lower down. The pier cap of the main span foundation is 3.5m thick and the one that connect the caps at about 51m centres are the crossbeams.. This connection between the two pier caps will help to somewhat relieve the stresses in the soil in the horizontal direction and reduce the amount of deflection incurred. By the use of 700mm diameter soil-cement stirring piles, the strength of the foundation was strengthened to help resist the horizontal force and limit the displacement due to this force. Each of these stirring piles is connected to each other to improve the integrity of the system. During construction, the foundations have a large number and stirring piles addtion due to working loads of the bridge and also due to the loads imparted on the foundations. Above each abutment the large temporary tower was built during construction. Because of that there will probably be the largest vertical force they will feel and these will impart very large vertical forces into the foundations. With the use of horizontal force impart by the inclined arches, the abutment and foundations must be strengthened in the horizontal. At an inclination similar to arches the abutment would have a high level of prestress in the concrete section and there would also be a piles coming from the abutment.