Saturday, December 28, 2019

Nelly Dean Character Analysis - 1255 Words

Through the narration by Nelly Dean as she speaks to Lockwood about Catherine Earnshaw’s story, it may not always be reliable information the readers are receiving based on opinions and judgments Nelly has already made about the people being spoken about. Nelly’s opinions of certain people blind her ability to speak about them truthfully in all aspects, like, for instance, how she spoke negatively about Catherine in some sections of the story. Mrs. Dean had a bias towards what boy Catherine would end up with in a small way, she always leaned towards Edgar rather than Heathcliff due to their stark differences in the way they were raised. Another reason as to why us as readers can never assume that all aspects of the story are true is†¦show more content†¦Given that no one ever chimed in to Mrs. Dean’s version of the story makes the reader wonder if everything said could all be true. Lockwood has no reason to not believe Nelly Dean so he does not question anything or try to pry further into whatever is being told to him even though everything maybe just be a mere opinion or how Nelly interpreted something. Mrs. Nelly Dean seemed to not think very highly of Catherine any circumstance. Nelly would never come right out and say something blatantly mean about Catherine but there were always underlying disparagement of her actions. An example of Mrs. Deans disdain of Catherine is through her thoughts about Catherine’s different love affairs and actions. She never agreed with the way she strung the two poor boys along and how she could be so self absorbed through it all. When Nelly said, â€Å" Loving!’ cried I, as scornfully as I could utter the word! ‘Loving!’ Did anybody ever hear the like! I might just as well talk of loving the miller who comes once a year to buy our corn. Pretty Loving, indeed! And both times together you have seen Linton hardly four times in your life! Now here is the babyish trash. I’m going with it to the library; and we’ll see what your father says to such loving.† (Ch.21). With all of Nelly’s disagreements with and about Catherine she always chose to be very harsh on her in manyShow MoreRelatedWuthering Heights Gothic Analysis1048 Words   |  5 Pagesthe final analysis—merely a Gothic novel’(Oda 1). Therefore, I would say that it is Realistic Fiction rather than Gothic. The places, Thrushcross Grange and Wuthering Heights, people and events may be real, and the gothic elements within this story just give the novel another perspective which was innovative in that age. Moreover, the choice of words in the dialogue between the characters within this extract and the dialogue itself are very vivid and realist which makes the characters seem genuineRead MoreThe Depth of Emily Brontes Wuthering Heights884 Words   |  4 Pagesreader the frame narrative, in Wuthering Heights. Nelly Dean will provide the reader with a central narrative. The reader also receives information through Cathy Earnshaw’s diaries, and Isabella provides letters. The reader can finish with Heathcliff ’s narrative. In Game of Thrones, our modern day novel, follows these same lines of changing narrators. Each chapter contains one of the important character’s narrative. Arya is an important character in Game of Thrones, she has a chapter of her pointRead MoreEssay on The Depth of Emely Brontes Wuthering Heights1345 Words   |  6 Pagesgive the reader the frame narrative, in Wuthering Heights. Nelly Dean will provide the reader with a central narrative. The reader also receives information through Cathy Earnshaw’s diaries, and Isabella provides letters. The reader can finish with Heathcliff’s narrative. Game of Thrones follows these same technique of changing narrators. Each chapter contains one of the important character’s point of view. Arya is an important young character in Game of Thrones, she narrates chapters throughout theRead MoreEmily Brontes Wuthering Heights: Mental Illness and Feminism1663 Words   |  7 Pagespower hungry during th is portion of time (Kirschen 1). This allowed literature to create allegorical themes that represented society during this era of literature (Roth 3). Much like the characters in Wuthering Heights, people felt a great deal of social responsibility during the Victorian Era. The characters really concentrated on what was socially acceptable (Roth 2). Social climbing was very popular during the Victorian Era and was very evident in literature. People developed superficial attitudesRead MoreLove In Wuthering Heights Essay1261 Words   |  6 PagesEdgar Linton in the hopes of saving Heathcliff from Hindley and protecting him from the eyes of society. In her conversation with Nelly, Cathy who professed her love for Heathcliff quoted â€Å"My great miseries in this world have been Heathcliffs miseries, and I watched and felt each from the beginning: my great thought in living is himself.† Catherine proved Nelly Dean that the only person who can make her feel pain and sorrow is Heathcliff. The extent of her love was uncovered when she sang her praiseRead MoreEssay about Nelly in Emily Brontes Wuthering Heights2304 Words   |   10 PagesNelly in Emily Brontes Wuthering Heights In a novel where everything is turned upside down and every character plays a role they probably shouldn’t, Nelly Dean’s role is the most ambiguous. As both Lockwood’s and the reader’s narrator, Nelly plays the role of the storyteller. Yet at the same time, Nelly is also a character in the story that she tells, occupying a vast array of roles. As a character within her own tale, Nelly attempts to manipulate the actions of her fellow characters. TheRead MoreEmily Brontà «Ã¢â‚¬â„¢s Personal Influence on Wuthering Heights1820 Words   |  8 Pagesoften taken into consideration when determining the value of a literary work. However, they offer more than just layers of complexity to a work. Brontà « uses countless metaphors to portray relevance to her own life. The ongoing comparison between the characters in Wuthering Heights and Brontà «Ã¢â‚¬â„¢s own life only exemplifies how often authors use their works to reflect their lives. The never-ending question pertaining to Emily Brontà « is â€Å"how can such a sheltered child write such scandalous stories?† (TheRead MoreThe Importance Of Society And Class In Wuthering Heights1613 Words   |  7 PagesEmily Brontà « uses her novel Wuthering Heights to showcase how the constraints of one’s class, while only enforced by will, can take control over one’s autonomy and desires. Brontà « accomplishes this in her depiction of the characters Catherine Earnshaw Linton and Heathcliff. Catherine begins the novel as a tomboyish girl, with no intentions of becoming a â€Å"lady† as defined by the society of her time. She only begins to want to conform to feminine roles when she is introduced to the expectations ofRead MoreThe Relation of Evil and Love in Wuthering Heights by Emily Bronte1964 Words   |  8 Pagesand dear to them. That is what Brontes novel shows us and reminds us about this kind of powerful, romantic love. It does not get out of control in the case of these two lovers, and becomes evil. Heathcliff is shown to be a dark and even hateful character the moment we meet him on the first two pages of the book. Lockwood sees himself as a kind of kin to Heathcliff, and sees the region as a fit for heir dark personalities. A perfect misanthropists Heaven--- and Mr. Heathcliff and I are such aRead MoreThe Obsessive Nature Of The Love Felt By Othello, By William Shakespeare2617 Words   |  11 Pagescentury England. Assumingly, Bronte intentionally conveys Heathcliff as a character that is supposed to be disliked by others; especially by the more unpleasant characters, such as Edgar Linton. It is questionable whether this is because Heathcliff originates from a different class and culture. Both texts share similarities in the sense that their love stories are strongly disapproved by characters such as Brabantio in Othello and Nelly in Wuthering Heights as they struggle to overcome the differences in

Friday, December 20, 2019

Christianity, Judaism, and Islam Paper - 2281 Words

Christianity, Judaism, and Islam Christianity started out in Palestine as a fellowship; it moved to Greece and became a philosophy; it moved to Italy and became an institution; it moved to Europe and became a culture; it came to America and became an enterprise as stated by theological scholar Sam Pascoe. Throughout Christianity’s journey they have come across ties with the religions Judaism and Islam. There are few similarities between the three major religions. One similarity is that Abraham is viewed the same between all three religions. The only other similarity is that all 3 religions believe in a God, just in different ways. There are much more similar theological aspects of the religions when Christianity is compared to†¦show more content†¦The contemporary world of Islam faces an uphill battle defending itself from modern day misconceptions and the forced involvement with geopolitics. Islam struggles with the western world’s perception of the religion and cultural understanding. M odern day Muslims will have to overcome insurmountable hurdles in an attempt to rebuild the diversity and complexity within the Islam faith. Islam is in a constant battle with Western Civilization and its forced power and ideology on the Middle East. The current religious struggle between the Middle East and the West derives from thousands of years of bloodshed and conflict between the worlds three major religions; Christianity, Judaism, and Islam. Blood that was shed during a period of holy wars and the ever expanding ruling powers such as Greece and Rome. The candle of hatred burns in modern times with the presences of radical extremist groups like the Taliban and Al-Qaeda that continue to ignite hatred towards the West by manipulating the Qur’an and preaching concepts that conflict with the laws of Islam. Islam to Muslims is not just a religion but a way to live life. It is a simple tool to process and understand the complex world and provide a foundation to base your life around. To other, Islam is a very complex religion with much of the information being left up for debate. Some pointShow MoreRelatedEssay about Issues and Traditions of Judaism, Christianity, and Islam1580 Words   |  7 PagesRunning head: ISSUES AND TRADITIONS OF JUDAISM, CHRISTIANITY, AND Issues and Traditions of Judaism, Christianity, and Islam World Religious Traditions II REL/134 Issues and Traditions of Judaism, Christianity, and Islam Religion takes on many different forms and there are several definitions in as many languages used to describe the practices. For the purposes of this paper, the following basic definition will be used. Religion is the belief in and reverence for a supernatural powerRead MoreSimilarities of Judaism, Islam, and Christianity Essay986 Words   |  4 PagesSimilarities of Judaism, Islam and Christianity There are many religions today that people worship and adapt into their daily lives are their creed. Some may have a lot of gods, while some only have one god. But three of these religions are considered as the major religion practiced by most people in the world today. Although different in some senses in terms of history and other teachings, they all have things in common that most of their followers do not seem to realize. The similarities areRead MoreDispute Resolution And Religion Class793 Words   |  4 PagesResolution and Religion Reflection Paper #4 â€Å"DR and Abrahamic Faiths In Dispute Resolution and Religion class, by Prof. Pownall, three presentations of Judaism, Christianity, and Islam were presented each by a group of it’s believers. As every group had the opportunity to explain their faith and beliefs in their religion, I acknowledged that there are many resemblance between the three Abrahamic religions or at least in the point of â€Å"peacemaking†. In this paper, I would like to outline despite resolutionRead MoreEssay on The Sister Religions580 Words   |  3 PagesThe Sister Religions Judaism, Christianity and Islam are often referred to as sister religions because they are closely related. However, several pronounced differences tend to alienate the three over the course of history, inducing each to alternate between periods of persecution and tolerance, even to today. Age, founder, population of believers, culture of origin, documentation, and differing views on the Messiah all factor in determining the differences and similarities between theseRead MoreEvolution of Abrahamic Religions 1022 Words   |  5 PagesAbraham became the father of many nations and to day three of the most popular religions that span many people groups and ethnicities can trace the roots of their beliefs back to Abraham. Three main religions sprouted from Abrahamic traditions, this paper will discuss the origins and the evolution of these three and will also analyse the reasons these three religions split. The origins of all abrahamic religions trace their roots back to abraham. Abraham is believed to have lived around 2000 BCE asRead MoreChristianity And The Modern World Essay1636 Words   |  7 PagesModern World since 1815 is Christianity. Christianity is the world’s largest religion serving as an umbrella term for so many sub religions and representing so many interpretations. Since its creation it has played a major role in the lives of thousands of individuals seeking to â€Å"reborn† in the eyes of their lord and savior Jesus Christ. As a result, is it important to note the role Christianity has played on other ideologies in the United States. Which is why this paper will serve to identify theRead MoreThree Western Religions and their View on Women: Judaism, Christianity, and Islam636 Words   |  3 PagesMy paper studies the three most significant and most commonly known western religion Judaism, Christianity, and Islam in terms of the role that the woman played and a brief synopsis of the religions itself. Religion is a system of human though which usually includes a set of narratives, symbols, beliefs and practices that give meaning to the practitioner’s experiences of life through reference to a higher power, deity, or ultimate truth. Judaism, Islam, and Christianity are the only religions thatRead MoreDifferent Kinds of Religions Essay1359 Words   |  6 Pagesreligion. Across the world, religions have their own beliefs and rituals; however, they are all commonly linked with the tradition of beliefs, holy places of worship, and celebrations. While each contrasting world religion will be discussed in this paper; they will collectively be centered around the question of how each religion practices their own beliefs, places of worship, and celebrations. The first religion that I am going to discuss is Buddhism. Buddhism originated roughly 2,500 years ago inRead MoreInfluence Of Religion On International Trade Essay1394 Words   |  6 Pagessociety. Religion practices also affect the way one’s can do businesses (e.g. in Europe during the Catholic holidays many days are close for business). This research paper will discuss the influence of religion on international trade and also the impact that most influential religions such as Christianity, Hinduism, Judaism, Buddhism, and Islam have on trade. Religion has a significant role international trade. It set fundamental principles and values which govern the way its adherent behave and influenceRead MoreMonotheistic religions, especially Judaism, Christianity, and Islam promote the belief in One God;1600 Words   |  7 PagesMonotheistic religions, especially Judaism, Christianity, and Islam promote the belief in One God; all that exists is because of God. Through prophets and scripture, God portrays moral goodness and truth. Essentially, these three religions believe that God speaks to us, unveils God’s Being, and seeks to guide us through life. In turn, humans should embody the moral goodness and excellence that is revealed to us by God. These religions are taught based upon both scripture and reason. When reading

Thursday, December 12, 2019

Sustainability Accounting And Accountability Tesco Plc Deals In Retai

Question: Discuss about the Sustainability Accounting And Accountability for Tesco Plc Deals In Retail Sector? Answer: This study deals with a company named Tesco Plc that deals in retail sector in Australia. This company is the market leader in the retail sector and recognized in more than 13 countries. In this particular study, Tescos financial ratios will be analyzed for three years. Tesco faces stiff competition with Sainsbury and focus on innovative strategies in order to retain in the global market. This study will include recommendations at the end for the potential future investors in consideration with the future employability in business activities. In this particular study, profitability ratio are calculated in order to understand the profitability position of Tesco Plc. Liquidity ratio of Tesco Plc indicates the ability of the firm to meet the short-term obligations for specified time. Tesco Plc should find innovative ways to recover its initial position because it faces stiff competition in the UK global market. Ratio Analysis Ratio analysis of Tesco Plc will give brief description of its financial standing in the business activities. Ratios are taken from the financial statements, balance sheet, and make the comparison as well (Scott, 2014). This kind of relationships will help to provide the investors, creditors as well as internal management of Tesco for future business activities. Gross Profit Margin Gross Profit Margin is one of the profitability ratios that help in comparing gross margin with net sales. This particular ratio expresses the profitability of Tesco Plc in comparison with sale of inventory as well as merchandise. Addition to that, gross profit ratio of Tesco Plc reveals the sale of inventories in paying off the operating expenses from past activities. 2013 2014 2015 Gross Profit Margin Gross profit 2382 2631 -5792 Net Sales 63406 63557 62284 3.756742264 4.139591233 -9.299338514 From the above calculation, it is easy to figure out that Tesco Plc finding hard to remain profitable in the current financial year. In the year 2015, gross profit of Tesco Plc is showing negative amount due to lack of current sales and production level. It is recognized that Tesco Plc is experiencing an increase in gross profit from 2013 to 2014 and then decrease in the current financial year (Kaplan and Atkinson, 2015). Decrease in gross profit was due to low sales, reduced in productivity level as well as poor control over the cost of selling expenses from past financial activities. Return on Capital Employed Return on capital employed is one of the profitability ratios that help in measuring the efficiency level of Tesco Plc for generation of profits. In other words, it serves as a comparison with net operating profits to employment of capital for Tesco Plc (Datar et al. 2013). This particular ratio helps the potential investors on matters relating the value of dollars in profits and generation of capital employment criteria. This helps in predicting long-term profitability for showing the efficiency of assets and consideration on long-term financing matters in an overall manner. This helps in ascertaining on longevity of Tesco Plc for its customer base. Return on Capital Employed 2013 2014 2015 Net Operating Profit 2382 2631 -5792 Total Assets 50129 50164 44214 Current Liabilities -18985 -21399 -19810 3.446479729 3.676480863 -9.046607522 From the above calculation for three years, it is noticed that Tesco Plc experiencing negative amount in the current financial year. This reveals that Tesco Plc is experiencing huge decrease in the ROCE from 2013 to 2015 (DRURY, 2013). Reasons for negative amount are mainly due to investment in new stores for market development purpose of Tesco Plc for future business practices. It is recommended that Tesco Plc need to regain its position and increase in the level of performance for future purpose. Operating Profit Margin Operating Profit Margin is one of the profitability ratios that help in measuring the net income earned with the amount of dollars. In other words, creditors as well as investors mainly use this ratio for viewing at the convertibility pattern on sales and net income for future business activities (Bebbington et al. 2014). Investors investing in Tesco Plc make sure that they invest their money in high profit generating business. It is easy to distribute the dividends and pay back the loans in timely manner. Operating Profit Margin 2013 2014 2015 Net Income 1528 1912 -5719 Net Sales 63406 63557 62284 2.409866574 3.008323237 -9.182133453 From the above calculation, it is easy to predict that Tesco plc experiencing negative profit margin in the current financial year. Tesco Plc is facing high decrease in the profit margin because of its high administration expenses (Deegan, 2012). In other words, Tesco Plc faces initial operating loss in the year 2015 for installation of Tesco Direct. This instalment was because of unseasonal weather in the summer season. Tesco needs urgent recovery because it lacks profit in recent financial statements and should make ways to increase profit as soon as possible. Current Ratio Current Ratio is one the liquidity ratios that helps in measuring short-term liabilities of Tesco Plc in comparison with current assets in an overall manner. This ratio reveals the ability of a particular firm to meet the short-term obligations for future business activities (Zadek et al. 2013). This particular ratio will helps investors as well as creditors for viewing at the liquidity position of Tesco Plc for future purposes. 2013 2014 2015 Current Ratio Current Assets 13096 15572 11958 Current Liabilities -18985 -21399 -19810 -0.68981 -0.7277 -0.60363 From the above calculation, it is evident that Tesco Plc facing negative current ratio from past three years. This implies that liquidity position of Tesco Plc fails to meet the short-term obligations in timely manner. It is important to understand the fact that current ratio is an indication to check on the ability of firm in meeting short-term obligations with available working capital as well as continuous trading activities (Bradshaw et al. 2013). It is advisable for Tesco Plc to have higher current ratio and the ideal ratio is 2:1. Negative current ratio of Tesco Plc implies that the company will fail to cope with short-term obligations in the near future. Addition to that, Tesco Plc operates in supermarkets so they do not need high stock and wastage of holding cost (Freeman et al. 2014). It is important to consider the fact that negligible trade debtors will result in high trade creditors and this will delay in the payment system from past business activities. Acid-test Ratio Acid-test ratio is one of the liquidity ratios that help in measuring the ability of Tesco Plc in paying the current liabilities in timely manner. It is important to understand the fact that quick assets can be converted into current assets within time of 90 days. Quick acid test ratio 2013 2014 2015 Current assets 13096 15572 11958 Inventory 3744 3576 2957 Current Liabilities -18985 -21399 -19810 -0.4926 -0.56059 -0.45437 From the above calculation, it is easy to understand that Tesco Plc facing negative quick ratio in its business activities. It helps in eliminating stocks with the available current assets and paying off short-term liabilities in an overall manner. Tesco Plc fails to cover up current liabilities with the available current assets without relevant stocks (Edwards, 2013). This particular company faces liquidity problems with insufficient availability of current assets as well as current liabilities. The ideal ratio is 1.5:1, so it is advisable for Tesco Plc to solve the liquidity problems in the near future. Settlement period for trade payables Trade Payable ratio is one the liquidity ratios that help in measuring the accounts payable in comparison with net credit purchases for particular period. This turnover ratio will ensure number of times for the purpose of average accounts for specified period (Hall, 2012). This particular ratio will help the creditors in analyzing the liquidity position of Tesco Plc in response with current suppliers as well as vendors in an overall manner. Settlement period for trade payables 2013 2014 2015 Trade creditors -766 -1910 -2008 Credit Purchases -10068 -9303 -10651 27.77016 74.93819 68.81232 From the above calculation, it is easy to understand that Tesco Plc satisfies in recovering its debts within 68 days in current financial year. This implies that Tesco Plc is eligible in paying off its suppliers frequently and makes the regular payments for future business activities (Brown, 2014). Tesco Plc should use this ratio for conduction of newline credit and acquisition of new customers for future business activities. Settlement period for trade receivables Accounts Receivable turnover ratio is one of the efficiency ratios that help in measuring the accounts receivable for particular period. This particular ratio will reveal the efficiency of Tesco Plc in collection of credit sales from customers for future business activities (Brigham and Ehrhardt, 2013). The ideal collection payment is 90 days and collection of customers for future business activities. Settlement period for trade receivables 2013 2014 2015 Average Accounts Receivable 4800 5261 5315 Annual Sales 63406 63557 62284 27.63145 30.21327 31.14724 From the above calculation, it is easy to understand the Tesco Plc has 31 days to pay back its receivable for future business activities. It is advisable to have high efficiency ratios because it will help in collection of cash from the customer on an urgent basis (Brigham and Daves, 2012). This particular ratio indicates the quality of credit sales as well as receivables for future business activities. Stock turnover Stock Turnover ratio is one of the efficiency ratios that help in measuring the inventory and comparing with the cost of goods sold. This particular ratio signifies the number of times inventory turns around for particular time (Dorfman and Cather, 2012). Addition to that, stock turnover ratio helps in measuring in average inventory in dollars for specified time. Stock Turnover 2013 2014 2015 COGS 2382 2631 -5792 Average Inventory 3744 3576 2957 232.2196 268.5445 -714.941 From the above calculation, it is easy to understand that Tesco Plc has negative inventory ratio in the current financial year. It is advisable for Tesco Plc to adopt inventory control measures. It is important to understand the fact that shortage or excess of stock does not serve the purpose (Madura, 2012). It should manage to control with relevant cost of goods sold with the available inventory system for future business activities. Earnings per Share Earnings per share are one of market prospect ratios that help in measuring the net income with relevant stock outstanding for future business activities. This particular ratio measures the amount of money with each share of stock (Lasher, 2013). In other words, it is required to view at the profits of Tesco Plc in matters for outstanding shares. It is important to consider the fact those earnings per share helps in showing the profitable position of Tesco Plc in business activities in an overall manner. Earnings Per Share 2013 2014 2015 Net Income 1528 1912 -5719 Preferred Dividends 1.16 10.13 4.63 Weighted Average common shares outstanding 10535 9728 1985 0.14493 0.195505 -2.88344 From the above calculation, it is relevant that Tesco Plc faces negligible earnings per share from the past three years. It is necessary to compare the earnings per share of Tesco Plc with its competitors and judge on the profitability position in an overall manner (Moyer et al 2014). This particular calculation in earnings per share highly depends on the outstanding shares for particular time. It is advisable for Tesco Plc to check on this ratio and slit its earnings in more shares as well as stocks for future business activities (Scott, 2014). Return on Equity Return on Equity is one of the profitability ratios that help in measuring the ability of Tesco Plc in the generation of profits especially from the shareholders. It includes those shareholders who have invested large chunk of money in the operational activities of Tesco Plc (Kaplan and Atkinson, 2015). This particular ratio helps in revealing on profit earned from each dollar assessing with the stockholders in an overall manner. Return on Equity 2013 2014 2015 Net Income 1528 1912 -5719 Shareholder's Equity 16643 14715 7071 0.09181 0.129935 -0.8088 From the above calculation, it is easy to predict that Tesco Plc experiences negligible return on equity from the past three years. This particular ratio indicates the effective management of Tesco Plc and its dealing in the equity financing especially in the fund operations as well as growth of future business activities (Datar et al. 2013). It is advisable to Tesco Plc to rise in the investment pattern and invite more investors for future purpose. Most of the investors select return on equity and change it with the passage of time. This particular ratio helps in tracking progress of Tesco Plc and maintenance of positive earnings trend within specified period. Conclusion From the above study, it is easy to understand that Tesco Plc Deals In Retail Sector. Ratio analysis helps in predicting the liquidity, profitability and efficiency pattern of Tesco Plc for the given three years. In this study, profitability ratio is calculated and results shows that Tesco faces negative figure in the current financial year. This can be checked by implementation of low cost measures and check on the inventory level for future business activities. Liquidity ratio helps in assuming the ability of Tesco Plc in meeting the short-term obligations within the specified time. Calculation on liquidity ratio is explained that includes current ration and quick ratio. From the calculation, it is relevant to understand the fact that these ratios fails to meet the short-term obligations of Tesco Plc in timely manner. Efficiency ratio helps in measuring the ability of Tesco Plc in meeting the long-term obligations in the most appropriate way. Reference List Bebbington, J., Unerman, J.,and O'Dwyer, B. (2014).Sustainability Accounting And Accountability. Routledge. Bradshaw, M., Bens, D., Frost, C. A., Gordon, E., McVay, S., Miller, G., ... and Wong, F. (2013). Financial Reporting Policy Committee of the American Accounting Association's Financial Accounting and Reporting Section: Accounting Standard Setting for Private Companies.Accounting Horizons,28(1), 175-192. Brigham, E., and Daves, P. (2012).Intermediate financial management. Cengage Learning. Brigham, E., and Ehrhardt, M. (2013).Financial management: theory practice. Cengage Learning. Brown, R. (2014).A history of accounting and accountants. Routledge. Datar, S. M., Rajan, M. V., Wynder, M., Maguire, W., and Tan, R. (2013).Cost accounting: a managerial emphasis. Pearson Higher Education AU. Deegan, C. (2012).Australian financial accounting. McGraw-Hill Education Australia. Dorfman, M. S., and Cather, D. (2012).Introduction to risk management and insurance. Pearson Higher Ed. DRURY, C. M. (2013).Management and cost accounting. Springer. Edwards, J. R. (2013).A History of Financial Accounting (RLE Accounting)(Vol. 29). Routledge. Freeman, R. J., Shoulders, C. D., Allison, G. S., Smith Jr, G. R., and Becker, C. J. (2014). Governmental and nonprofit accounting: theory and practice.JPAEJOURNAL OF PUBLIC AFFAIRS EDUCATION VOLUME 20 NUMBER 3, 441. Hall, J. (2012).Accounting information systems. Cengage Learning. Kaplan, R. S., and Atkinson, A. A. (2015).Advanced management accounting. PHI Learning. Lasher, W. R. (2013).Practical financial management. Cengage Learning. Madura, J. (2012).International financial management. Cengage Learning. Moyer, R. C., McGuigan, J., and Rao, R. (2014).Contemporary financial management. Cengage Learning. Scott, W. R. (2014).Financial accounting theory. Pearson Education Canada. Zadek, S., Evans, R., and Pruzan, P. (2013).Building corporate accountability: Emerging practice in social and ethical accounting and auditing. Routledge.

Wednesday, December 4, 2019

Strategy Management The innovators Solution

Question: Discuss about the Strategy Management for The innovators Solution. Answer: a) In the article, Maximizing the Business Value of Web Technologies the focus is on Motorcar industry in the USA. US motorcar industry is one best fastest growing and profit making industries in the world. In this sector, the profit and volume sale can achieve enormous growth scale. Ford Motors is a multinational automaker based in Michigan, Detroit. Henry Ford founded it in 1903 (Ford Motor Co. 2016). It sells most of the luxury cars under Lincoln brand. It owns 2.1% stake in Mazda of Japan and 8% stake in Aston Martin of UK. Ford Motors sell luxury vehicles, commercial vehicles, and automotive parts. Ford has estimated employees of 199,000. As of 2015, total revenue of Ford is US$ 149.5 billion. SWOT analysis can give a clear picture of Ford Motors (Markides, 2013). Strengths High position in American auto market 14.8% growth for light trucks Biggest automobile market in the US Strong financial position Proven track record in manufacturing Strong dealership network Weaknesses Inability to match production capabilities Behind top five automakers Toyota, GM, Volkswagen, Renault-Nissan and Hyundai-Kia Heavy dependence on the US and European automakers Large operations in Europe has weakened their growth Opportunities New automotive technologies Entering alternative fuel car industry Growing automakers, expanding in China, Mexico, and India Increased levels of e-commerce Demand in light commercial vehicle market Threats The growing presence of German and Japanese automobile firms Toyota and Honda are ahead in production of fuel cell vehicles Mercedes and Nissan are competing with Ford in commercial van market Uber and self-driving vehicles could limit the sales volume in future b) Ford Motors Company competes in the automotive industry. It is currently positioned in top ten companies in automaker industry. The NAICS code for Ford Motors is 441110 (Taghavi Chinnam, 2014). The Success critical factors for Ford Motors are, Efficient channel for distribution Better cash flow management Ford is flexible to changing needs Ford has compliance with local and international standards Ford has enough joint ventures and mergers Ford had set globalization plan for this decade Ford Motors have their competitors in General Motors, Nissan, Toyota, Hyundai, Honda Motors, Renault and Volkswagen (Kumar, 2014). c) Ford Motors company has faced several challenges and they have been succeeded in arranging strategies and applied them tactfully. They have done changes to float in the marketplace in order to retain their previous market position (Helper Henderson, 2014). Globalization and global competition Ford had to manage a global workforce. They ensured availability of employees having excellent expertise. They ensured real productivity from employees to ensure competitiveness Mergers and Acquisitions Ford developed several HR initiatives for workers. They covered up employee insecurity. Downsizing Managing organizational relationship with the competitors uplifted the morale of the survivors. Industry and occupational shifts Ford has managed the workforce with flexible working patterns. They focused on competencies at the time of hiring. Ford developed proactive worker benefit programs Technical advantages Ford strategized a virtual workforce. They managed employee alienation. Ford thoughtfully retained skilled staffs. Outsourcing Ford has always managed employee concerns about losing jobs for outsourcing. It lifted employee morale and productivity. Flexible work arrangements Ford has managed the loss of supervisory control over work. They developed programs for the motivating flexible workforce. Educated Workforce Ford Motor strategized a plan only to hire the skilled individuals so that they do not have to spend much on them Contingent Workforce They developed a system to motivate the temporary workforce and eliminate unproductive people from the company. Ford ensured employee commitment d) They can achieve the goals they have set. Ford Motors Company has strategized well to tackle the key issues they regularly faced in the market. Ford is a century-year-old company, and earlier they were one of the best enterprises in the entire world. Gradually they lost their market share to the newer firms. The top managers at Ford have ensured no more casualties in future (Greiner, 2015). e) In order to achieve the goals, Ford has to implement greater plans to minimize the weaknesses in them. Ford Motors Company is lacking in introducing new models whereas, their competitors like Renault, Toyota, Nissan, and Hyundai have come up with technologically advanced models. Ford is heavily dependent on the US and European markets; they need to target more to the emerging markets in Asia and Latin America (Helper Henderson, 2014). a) The main competitor of Ford Motors is General Motors. It is also an American multinational organization. It has its headquarters in Michigan, Detroit. They produce vehicles in as many as 37 countries. They operate under thirteen brands like Alpheon, Buick, Holden, HSV, Opel, Chevrolet, Vauxhall, etc. GM was founded on 1908. GM has a production output of 9,958,000 vehicles. As of 2015, GM has revenue of US$152.35 billion. They have as many as 216,000 employees throughout the world. GM has recorded an 18.4% market share in US transport market (Maxcy, 2013). b) General Motors and Ford Motors are two heavyweights in US car market. They are operating their business from the same city in Michigan, Detroit. These are some of the differences between them, General Motors Company Ford Motors Company Market cap: $20.7 billion Monster Vehicle: Hummer Foreign ventures: Fiat, Suzuki, Fuji Market share: 18.4% P/E Ratio: 8.1 Market cap: $18.1 billion Monster vehicle: Ford Excursion Foreign ventures: Jaguar, Aston Martin, Volvo, Land Rover, Mazda Market share: 15.2% P/E Ratio: 20.6 Most of the market honchos have predicted GM over Ford motors. GM has been able to stay the nose ahead of Ford in overall share for last ten years. Ford rides on public esteem whereas GM is known for its all-American approach. Ford has managed to utilize global resources than GM (Davenport, 2013). c) GM holds a greater market share in US market. They are ahead with 18.4% market share, whereas, Ford has a modest 15% market share in US market. Particularly Ford motors have more strengths and weaknesses. GM has fewer strengths and weaknesses than Ford Motors, which have been found from SWOT analysis. Strengths Globally known brand It has a worldwide presence Operations in 55 countries Weaknesses Diminishing dealership network Insufficiency in liquidity Inadequate performance among business segments Low debt ratings Opportunities GM have growth potential in India and China Increased market shares in Truck market Rising demand for hybrid vehicles Threats The continuing global recession Weakness in global automobile industry Intense competition a) There are several organizational operations have occurred over past decade. By the introduction of more mass production of public transport vehicles, the urgency for producing more and more vehicle has become utmost importance. In an attempt to minimize transaction cost these two companies have started their operational journey in several other countries. The wholesale price of car production has dipped down to 5% in recent years. Since 1990 there are almost 500,000 employees have joined in these two organizations. The globalization of the auto industry has appeared to be a status quo for the labor market. The needs for skilled labors are increasing day by day. US companies mainly automobile companies are exploring emerging markets to find skilled labors at a low cost. In the US, the labor cost is more, and the locals of US charge more than the migrants, so the firms are investing on these migrants. Ford Motor and GM enjoy a global market share of 10 percent and 13 percent respect ively. These two companies have volume sales of 24 percent in Russia, 18 percent in India, 17 percent in Brazil, 11.8 percent in Mexico and 10.2 percent in Spain. Ford and GM have strategized upon macroeconomic performances and policies. These automakers pursue portfolio approach for production and marketing relying on fragile economic growth in these regions (Ihlen Roper, 2014). b) Ford and GM these two companies have been able to explore the markets of emerging economies and third world countries. They have understood the possibilities of growth and market capturing in these regions. The current stats are helping us to make a prediction about the future growth and market positioning of Ford and General Motors. GM might not be the best automaker company in the world anymore, but they are still one of the most recognized car brands in the globe. 2015 has been a year in which these two Detroit giants have seen enormous growth and profit in different sectors. They piped each other in some close races between them. GMs Sierra and Chevrolet Silverado and Fords F-150, F-series 306, 302, 009 have made great profits in this year (Hill, Jones Schilling, 2014). c) In order to keep their superiority in Car market, Ford needs to implement great strategies. Strategies for quality management and product development need to be precise. The branding of Ford motors should be appropriately done to ensure more attainment towards the brand. Another method to attract customers is product designing. For cars, there is a lot of scope for designing new cars. Automatic cars and alternative vehicles are the future of any growth in the automotive industry. Advertising and sales promotions need to be done to eradicate the superiority of GM. GM has more market share than Ford Motors. To break this barrier, Ford should explore the weaknesses to mitigate dynamic lifestyle changes (Christensen Raynor, 2013). d) The external threats for GM are, The continuing global recession Weakness in global automobile industry Intense competition The external threats for Ford Motors are, The growing presence of German and Japanese automobile firms Toyota and Honda are ahead in production of fuel cell vehicles Mercedes and Nissan are competing with Ford in commercial van market Uber and self-driving vehicles could limit the sales volume in future e) The potential lies in American auto industry are huge. The global competition has enabled rising prospects in American domestic market. A value chain shift and data analysis of car making companies in America have given an insight of probable pathways in future growth. China and its market have become a global target for market capturing. It has been predicted that by 2020 China would be the biggest marketing hub in the world. Chinas emergence has also fuelled the possibilities for global carmakers to enter China for exploring its market (Greiner, 2015). References: Christensen, C., Raynor, M. (2013).The innovator's solution: Creating and sustaining successful growth. Harvard Business Review Press. Collard-Wexler, A., De Loecker, J. (2013).Reallocation and technology: evidence from the US steel industry(No. w18739). National Bureau of Economic Research. Davenport, T. H. (2013).Process innovation: reengineering work through information technology. Farahani, R. Z., Rezapour, S., Drezner, T., Fallah, S. (2014). Competitive supply chain network design: An overview of classifications, models, solution techniques, and applications.Omega,45, 92-118. Ford Motor Co.: Maximizing the Business Value of Web Technologies. (2016).Hbr.org. Retrieved 21 March 2016, from https://hbr.org/product/ford-motor-co-maximizing-the-business-value-of-web-technologies/198006-PDF-ENG Gao, P., Hensley, R., Zielke, A. (2014). A roadmap to the future for the auto industry.McKinsey Quarterly, Oct. Greiner, M. (2015). A comparison of lean management in the automotive and telecommunications sectors. Helper, S., Henderson, R. (2014).Management practices, relational contracts, and the decline of General Motors(No. w19867). National Bureau of Economic Research. Hill, C., Jones, G., Schilling, M. (2014).Strategic management: theory: an integrated approach. Cengage Learning. Kumar, N. P. (2014). Human resource management in future an obstacle of champion of globalization.Global Journal of Emerging Trends of e-Business, Marketing and Consumer Psychology,1(1), 49-57. Markides, C. C. (2013). Business model innovation: what can the ambidexterity literature teach us?.The Academy of Management Perspectives,27(4), 313-323. Maxcy, G. (2013).The Multinational Motor Industry (RLE International Business). Routledge. Taghavi, A., Chinnam, R. B. (2014). Assortment planning of automotive products with considerations for economic and environmental impacts of technology selection.Journal of Cleaner Production,70, 132-144. Zhai, Q., Cao, H., Zhao, X., Yuan, C. (2014). Assessing application potential of clean energy supply for greenhouse gas emission mitigation: a case study of General Motors global manufacturing.Journal of Cleaner Production,75, 11-19.