Impact of Family Ownership on Investment †MyAssignmenthelp.com

Question: Discuss about the Impact of Family Ownership on Investment Decision. Answer: Introduction: From the point of view of Northwest Capital management, the process of buying treasury bonds and energy stocks is taking indirect securities. As an hedge fund manager it is the primary market which is direct market for me, while in secondary market like stocks, ETF, MF are indirect markets. The main markets where a hedge fund manager focusses on are IPO, primary dealing in debt space. The company's scope today consists primarily of U.S. equities (1,900+ stocks) and some economic indexes, but the potential to expand is vast geographically as well as across other financial instruments and indexes. Beyond earnings estimates, there are other metrics that investors care about, but that are difficult to forecast ahead or estimate well. Compliance costs and increasing competition from online trading platforms have weighed on the performance of traditional stockbrokers, despite higher trading volumes. Industry revenue is expected to increase at an annualised 5.9% over the five years through 2016-17, to reach an estimated $5.8 billion. Revenue is expected to grow 4.6% over the current year. Organizations often construct an ROI case using simple calculations that are based on nominal costs and benefits instead of on discounted cash flows that factor into the opportunity the cost of capital. Even more prevalent is the practice of taking a best-case position when calculating ROI. In most cases, these approaches lead to missed estimates and a gaping credibility "hole." To redress this problem, start with an assessment of the plausible outcomes in costs and benefits that are possible on implementation of the MDM initiative, then evaluate the relative likelihood of each scenario against the others. Finally, ensure that the costs and benefits of each scenario are evaluated in NPV terms to de-emphasize long-term outcomes in favor of those that are more-immediate. If this process is unfamiliar, obtain help from the finance department for which these methods are commonplace and well-understood. It may seem obvious, but enterprises often overlook that business performance metrics must be proposed and owned by the business. The IT department can't do this job, because IT does not have the final say on the key processes or on how their enablement or improvement can contribute to business value. Neither is the IT department best placed to decide how to measure success and what success looks like in business terms. The key step in creating a focus on business value in MDM discussions between the IT department and the business is to move the focus away from MDM-related metrics that measure data quality to MDM-related metrics that measure the effectiveness of key business processes. These business processes are owned by business stakeholders, and their career success and/or bonus relates to the successful execution and continuing improvement of these processes. It is still necessary to measure master data accuracy and build the linkage between this and business process success. However, a discussion about increasing the accuracy of master data from 87% to 90% will likely lead to a "so what" response, creating far less engagement with a businessperson than a discussion about how this could be used to improve the crucial order-to-cash process that then improves invoicing speed and success and leads to improved cash flow. Less is more when it comes to metrics. Metrics should be seen as only a means to an end; creating an institutionalized set of unchanging metrics that consumes resources to maintain and drive the wrong behavior is a risk. The Northwest Capital Managment Business Value Model provides the common language that is necessary to bridge the gap between high-level, strategic positions and the tactical activities that are necessary to enable them. This model does not replace standard financial metrics, it extends them. The Northwest Capital Managment Business Value Model adheres to the best practices for identifying and using performance metrics. It comprises leading indicators of financial results. The metrics are mutually exclusive and collectively exhaustive at a middle- to upper-management level, and there are no more than seven metrics (plus or minus two) at any management level. The relationships among the metrics (cause and effect) have been documented, and the relationship between each metric and the income statement or balance sheet (depending on the metric selected) has been quantified and documented. The aim is to create a hierarchy of MDM-related performance management metrics that are linked to financial results; thus, the standard Northwest Capital Managment Business Value Model metrics should be seen as a starting point. The top level of an organization's performance management metrics relates to the business in demand management, supply management and support services. Down a level, are the aggregate measures of functional areas such as sales (for example, sales effectiveness) and service (for example, customer responsiveness). Down another level, are the prime metrics for key business processes such as on-time delivery, customer retention and cost of sales. Finally, at the base level (not shown) are the metrics for measuring the accuracy, completeness and timeliness of master data quality. Once established, metrics provide an excellent basis for communicating strategies and objectives throughout the organization so that everyone at the functional, business unit, team or individual level understands the direction and what is expected of them. Thus, metrics are a key foundation for change management at the beginning and on an ongoing basis, as the results are collected and compared with targets and adjustments are made. For more information on linking MDM program metrics from the business value model to financial metrics such as those typically found on corporate balance sheets. Investment banks are expected to generate higher fees from MA and equity capital market transactions due to projected positive business sentiment over much of the next five-year period. Companies are expected to undertake equity raisings and seek out acquisitions for growth over the next five years, as highlighted by forecast positive business sentiment. Investment banks should also see a shift in the industries that generate deal flow. Most of the deals took place in the materials and resources sector during the past decade, as investors aimed at capitalising on Australia's mining boom. In contrast, an increased number of capital-raising and MA deals are likely to take place within service-based sectors over the next five years, such as technology, healthcare and aged care. The company's main revenue stream is from financial institutions that use its API to access real-time forecasts with feeds. Hedge funds are the primary customers of the APIs for accessing the estimates. Estimize Screener is another product targeted toward discretionary investors. The company offers two estimates: one that is the regular consensus and one that is weighted based on the estimator's past performance. As Hedge Fund organizations strive to become service-focused and more strategically relevant to the business, they need new approaches to budgeting, funding, transparency and allocation. The shift from building Hedge Fund systems to delivering, brokering or integrating Hedge Fund services continues to push Hedge Fund organizations to transform their traditional Hedge Fund financial management (Northwest Capital management) models to adapt to the following new realities: As cloud computing, the Internet of Things and digital Hedge Fund initiatives continue to take hold, CIOs must rethink their approach to Northwest Capital management in general, and to cost allocation and cost recovery specifically. Hedge Fund funding and procurement decisions will continue to become more distributed throughout the enterprise, making better Hedge Fund cost transparency more difficult, but also more important. Northwest Capital management is the process of effectively managing technology expenditures with the intent to provide the business and the Hedge Fund organization with a common platform to measure services and plan for future investments that optimize technology spending and business performance. The critical need for effective Northwest Capital management is widely recognized. While Northwest Capital management has many components, the focus of this research is on the key concepts of budgeting, funding, transparency and allocation. Across all four of these concepts is a common trend a movement from looking at them at the individual Hedge Fund-asset level to focusing on the true cost of Hedge Fund and business services. Taking a service-based approach, whereby the Hedge Fund organization delivers or "brokers" a set of business-relevant, Hedge Fund-enabled services, should result in a change as to how an enterprise funds, prices, costs and allocates costs back to the business. While more organizations describe themselves as service-based, and can point to a service catalog or portfolio, the reality is that in many cases, the key financial management concepts discussed here are still tied to the practices of the past. The focus of this research is on modernizing these practices to be more in step with the way Hedge Fund organizations wish to deliver their services. While these funding models are still relevant, we see a shift in how Hedge Fund organizations approach funding. Specifically: Wherever possible, centralize Hedge Fund spending to ensure maximum economic leverage and eliminate redundant purchases. Even in Hedge Fund organizations where funding is decentralized, a central organization (Hedge Fund, a shared-service entity or a portfolio management office) often takes responsibility for the management of the spending and the benefits realization for the investments. Ensure that all Hedge Fund investments are tracked and allocated to Hedge Fund services. All relevant Hedge Fund costs should be captured, normalized and allocated to appropriate value aggregations like technologies, applications or service. Fund Hedge Fund services based on demand and the value that services provide to the enterprise. Where possible, evaluate market prices for the same services. Significant progress must be made in terms of Hedge Fund cost transparency to support "service funding." Service-based funding represents a more enlightened approach to budgeting, which tends to be mostly bottom-up, and is too often disconnected from the enterprise strategy. Best-in-class enterprises will shift their focus to the yield, or strategic value of Hedge Fund investments. For example, leading-edge enterprises are radically changing their traditional Hedge Fund spending distribution from run the business to grow and transform initiatives. (This maps to business strategies, which are increasingly focused on growth and innovation.) Making Norwich Tools lathe investment decision Lathe A Lathe B Initial Investment ($660,000) ($360,000) 1 $128,000 $88,000 2 $182,000 $120,000 3 $166,000 $96,000 4 $168,000 $86,000 5 $450,000 $207,000 NPV @ 13% $51,445.02 $38,480.74 IRR 16% 17% Payback greater than 4 years Less than 4 years For example, infrastructure is one area where enterprises are often confounded by how to distribute the costs of the thousands of Investment decision resources that compose infrastructure. Northwest Capital Managment recommends that Investment decision organizations begin by looking at the key components of their infrastructure, such as servers and network services. Many specific infrastructure components can be assigned to the key Investment decision services provided by the Investment decision organization. However, it is not practical or even feasible for organizations to do a one-to-one mapping between every Investment decision resource and a single Investment decision service. Ultimately, the cost of all Investment decision assets including fully loaded labor for human assets must be allocated to Investment decision services. However, some assets can have their cost spread proportionately across multiple services that use the assets. This is common for assets that are part of a shared infrastructure, such as storage area networks. The tools to support service-based pricing have improved substantially during the past few years, and many organizations that are serious about service-based costing are migrating away from Microsoft Excel as a chargeback tool. Organizations often construct an ROI case using simple calculations that are based on nominal costs and benefits instead of on discounted cash flows that factor into the opportunity the cost of capital. Even more prevalent is the practice of taking a best-case position when calculating ROI. In most cases, these approaches lead to missed estimates and a gaping credibility "hole." To redress this problem, start with an assessment of the plausible outcomes in costs and benefits that are possible on implementation of the MDM initiative, then evaluate the relative likelihood of each scenario against the others. Finally, ensure that the costs and benefits of each scenario are evaluated in NPV terms to de-emphasize long-term outcomes in favor of those that are more-immediate. If this process is unfamiliar, obtain help from the finance department for which these methods are commonplace and well-understood. MDM investments take many forms, and their benefits are financial (tangible) and nonfinancial (intangible), thus ROI alone won't be sufficient to capture the value of MDM to the organization. Benefits may fall into different areas, such as relating to a legal requirement, an innovation or a revenue enhancement, cost avoidance and containment, risk mitigation or a first-mover advantage. These can be viewed in risk and reward. Still, we see a lot of organizations with questions about service-based pricing that lack well-defined services and service portfolios. We also see many organizations looking to migrate to service-based pricing that have poor Investment decision cost transparency. In fact, chargeback is often the forcing function that spurs organizations to make the necessary investments in improving Investment decision cost transparency. While the focus of this research is on evolving key ITFM concepts, chargeback cannot evolve much in isolation. It requires improvements in Investment decision cost transparency allocation structures and pricing models. Also, if it is to be done around services, the implication is that the organization has well-defined services and service portfolios. However, we still see many organizations putting "chargeback" initiatives ahead of cost transparency and even service definitions. Cost allocation is simply the process or method of attributing Investment decision costs to specific units of value services, applications, business units, projects, asset classes, technologies, products or investment profiles. One major benefit of cost allocation is that it links Investment decision spending directly to BU activities based on usage, access, capacity or some other metric that apportions Investment decision service costs. In addition, it can motivate the BUs to avoid special requests that do not contribute to their bottom lines or lack a solid business case. Thus, the customers of Investment decision provide budget justification via their willingness to pay for the services rendered, and to balance the supply, demand and price for services. In addition, allocation of Investment decision costs to business units or projects (sometimes referred to as chargeback) provides the business with a more accurate costing base from which pricing decisions can be made. For many end-customer business products and services, Investment decision support can be significant, and therefore it needs to be included in the price-setting decisions. We see an increasing desire to mature current allocation models toward a service-based financial view. That said, there are still many models of cost allocation in use today (see Figure 1). Selecting the proper model will impact cost and accuracy and is commonly a function of internal politics, accuracy requirements, and so on. References: Levy, H. (2015).Stochastic dominance: Investment decision making under uncertainty. Springer Tahir, S. H., Sabir, H. M. (2014). IMPACT OF FAMILY OWNERSHIP ON INVESTMENT DECISION: COMPARATIVE ANALYSIS OF FAMILY AND NON-FAMILY COMPANIES LISTED AT KARACHI STOCK EXCHANGE (PAKISTAN).Business Excellence,8(2), 33 Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons Guanche, R., De Andres, A. D., Simal, P. D., Vidal, C., Losada, I. J. (2014). Uncertainty analysis of wave energy farms financial indicators.Renewable Energy,68, 570-580. Bodie, Z. (2013).Investments. McGraw-Hill. Bebchuk, L. A., Brav, A., Jiang, W. (2015).The long-term effects of hedge fund activism(No. w21227). National Bureau of Economic Research.

Macro Economics GDP

Question: Discuss about the Macro Economics GDP. Answer: Introduction: This report will analyse and evaluate the trends in Canadian GDP, factors affecting GDP of the country, its future prospects and impacts. Gross Domestic Product Gross domestic product (GDP) is defined as the monetary value of the final goods and services which are produced within a country's boundaries in a particular time period. Trends of Canadian GDP: (Source: Trading Economics, 2016) Interpretation: The above chart depicts that GDP of Canadian economy over the period of 2006 to 2015. GDP decreased in 2014 i.e. C $1785.39 as compared to 2012 and 2013. It indicates that GDP has declined as compared to the last two years. There are various factors, which affects the GDP such as interest rate, exchange rate, consumer confidence, foreign direct investment and banking sectors (Coyle, 2015). Factors affecting the GDP There are several factors that can influence the economic growth which are as followed: Interest Rates: Interest rate affects the GDP of the economy. The reason behind that is the current interest rate is 0.5% that is on the lower side. It indicates that spending power of people will be increased. Reason for that is consumers can get an easy loan from the bank at the low-interest rate. In consequence, customers increase their disposable income (Sachs, 2011). Furthermore, firms will increase their investment in the goods and services due to easily borrowed loan from the bank. Thus, it can be said that flow of money will be raised in the economy, which negative impacts on the value of money. As a result, inflation will be raised that will decline the GDP of the economy (Shah, et al., 2014). Consumer Confidence Consumer and business confidence is the important factor that influences the economic growth. For example; if the consumers are confident about the future growth then, they will be encouraged to borrow and spend more money. This leads to increase in the flow of money in the market. Thus, it can be said that it will have favorable impact upon the GDP of the economy. However, if they are pessimistic then, they will save and reduce spending. It will lead to decrease in the flow of money, so the economic growth will be unfavorably affected (Sachs, 2011). Foreign direct investment: It is explained that foreign direct investment also affects the GDP of the economy. Since when FDI declines; then it will decline the supply of money in the market. Hence, export will be competitive and import will be expensive due to decline in the investment. As a result, it will have negative impact on the growth rate of the economy (Jidoud, 2015). Exchange Rate: The exchange rate also affects the economy growth rate of the country. It is because; the current exchange rate is 1 CAD = US$ 0.774692 that is lower. Hence; it can be said that lower exchange rate declines the growth rate of the economy due to the decline of the money supply in the market. As a consequence, it is stated that declining exchange rate is the crucial factor that declines the GDP (Fukuda-Parr, et al., 2015). Banking Sector Banking sectors also influence the GDP of the economy. Because of this, bank declines their lending power due to the insufficient reserve fund. Hence; money flow will decline in the economy that creates a negative impact on the firms and consumers and also leads to decline in the investment and spending power. As a result, GDP of the country will be declined (Fan, et al., 2012). Future impact on the GDP: (Source: The World Bank, 2016) Interpretation: From the chart, it can be said that GDP of CAD (C$) is likely to increase in the future. As per the above forecast table, it can be said that existing GDP is C$1785 that will be increased C$2165 in 2020. Therefore, it can be said that some factors are affected by the GDP of the Canadian economy, which is discussed below: Value of Exchange Rate The value of Canadian dollar will be raised in the future due to more demand for Canadian dollar, which impacts on the growth rate of GDP of the Country. Furthermore, revenue generation from the exports would be increased and imports will be cheaper. Besides this, inflation will decline due to decrease in the value of money in the market. Consequently, it can be said that economic growth will be enhanced (Dobbs, et al., 2015). Interest rate: (Source: Trading Economics, 2016) From the above table, it can be said that interest rate will be increased from 0.5% to 2% due to increase in the money supply in the market. Thus, purchasing power will be reduced due to the increasing interest rate. As a result, GDP will be stable in the market (Coyle, 2015). Unemployment Rate: (Source: The World Bank, 2016) The unemployment rate will also influence the GDP of Canada economy. For example; the unemployment rate is 7.2% in 2016 that indicate the purchasing power of people will be reduced. This will lead to decrease in the money supply in the market. Simultaneously, the unemployment rate is expected to decline by 2020 i.e. 6.7%. As a result, it enhances the GDP of the Canadian economy (Acemoglu and Robinson, 2012). References Acemoglu, D. and Robinson, J. A. (2012). Why Nations Fail: The Origins of Power, Prosperity, and Poverty. UK: Profile Books. Coyle, D. (2015). GDP: A Brief but Affectionate History. USA: Princeton University Press. Dobbs, R., Manyika, J. and Woetzel, J. (2015). No Ordinary Disruption: The Four Global Forces Breaking All the Trends. USA: Public Affairs. Fan, J. P., Titman, S. and Twite, G. (2012). An international comparison of capital structure and debt maturity choices.Journal of Financial and quantitative Analysis,47(01), 23-56. Fukuda-Parr, S., Remer, T. L. and Randolph, S. (2015). Fulfilling Social and Economic Rights. UK: Oxford University Press. Jidoud, A. (2015). Remittances and Macroeconomic Volatility in African Countries. USA: International Monetary Fund. Sachs, J. (2011). The End of Poverty: How We Can make it Happen in Our Lifetime. UK: Penguin. Shah, R., Gao, Z. and Mittal, H. (2014). Innovation, Entrepreneurship, and the Economy in the US, China, and India: Historical Perspectives and Future Trends. USA: Academic Press. The World Bank (2016). GDP. Retrieved from https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG Trading Economics. (2016). Canada GDP. Retrieved From https://www.tradingeconomics.com/canada/gdp-growth

Of Mice And Men By Steinbeck Masterpiece Essays -

Of Mice And Men By Steinbeck Masterpiece A common characteristic of people is they're yearning for something more. Everyone has dreams and ambitions that they try desperately to attain. Most of the time these dreams are harmless but other times, what seems normal and doable turns bad and can hinder not only themselves but also others in the process. George from Of Mice And Men was a poor, traveling farmer who's only goal in life was to live in his own land and have a successful agricultural business. In trying to make his dream come true he hurt a lot of feelings, Lenny's especially, he ruined other peoples reputations, and forgot who he was for awhile. Lenny was a kind, dumb farmer who had the utmost respect for George. Unfortunately George took advantage of it sometimes. Lenny would do whatever he was told if it meant having rabbits and living on George's' land with him. Lenny was very strong and great in the fields which was probably the main reason George kept him around at first; but you suddenly get hints that George does in fact have a place in his heart for Lenny. Lenny's ignorance leads him to trouble just as much as his dreams of rabbits and land. In fact, Lenny's death is indirectly the cause of his hopes and dreams. A third character that came off as a dreamer was Curly's wife. Curly was very obsessive and mean to her. His cruel treatment made her try and find comfort in another man, which happened to be Lenny. Lenny's inability to feel safe and secure around her made something in him snap, which led to her death. The woman's dreams of a kind-hearted husband who treated her with respect was the cause of her tragic death. Of Mice And Men is very ironic in the sense that having dreams can be a good thing or it can even be deadly, especially in Lenny's case. The book makes you decide, should I be realistic or should I try and make my dreams come true?

The Crucible By Arthur Miller †Theatre Essay

The Crucible By Arthur Miller – Theatre Essay Free Online Research Papers There are a number of characters of interest in the play the â€Å"Crucible†, by Arthur Miller, but one of the most interesting for me is Thomas Putnam. I think, he is a static hero. At the beginning of the play we know that Thomas Putnam was the eldest son of the richest man in the village. He had fought the Indians at Narragansett, and was deeply interested in parish affairs. He undoubtedly felt it poor payment that the village should so blatantly disregard his brother for one of its more important offices, especially since he regarded himself as the intellectual superior of most of the people around him. He had good facilities for life and he was a smart man who thought only about himself. His vindictive nature was demonstrated long before the witchcraft began. Thomas and his brother John had Burroughs jailed for debts the man did not owe. Putnam felt that his own name and the honor of his family had been tarnished by the village, and he meant to right matters however he could. He also attempted to break his father’s will, which left a disproportionate amount to a stepbrother. As with every other public cause in which he tried to force his way, he failed in this. So it is not surprising to find that so many accusations against people are in the handwriting of Thomas Putnam, or that his name is so often found as a witness corroborating the supernatural testimony, or that his daughter led the crying-out at the most opportune junctures of the trials. He was the selfish man from the very beginning of his life and he doesn’t stop on his way of getting as much money as possible when accusations of witch trials started. Tomas Putnam is not the key character of the play and it is even more interesting for me. He doesn’t play a big role in moving the plot of the story along, but his role of additional character is shown very well. I think that the author wanted to show us an intelligent and selfish person who will always follow his way, no matter what. This situation is very vital for our society today. People take care about themselves and their plans, and not paying any attention to other people’s lives and life that don’t involve money or personal satisfaction in it. Thomas Putnam is thinking only about himself and he plays the role of the machine that wants to get money and only money. He doesn’t care about his family and witchcraft in the village as long as it doesn’t bother his reputation and wallet. Thomas doesn’t want to worry and believe in witchcraft when Betty become sick, because it will leave a blemish on his good name. He is talking about his status in the village and respect, when he should care about her health and other things that happen around him. Putnam is ready to fight and kill a person for the land and forest on a property that he claims his property. He says: †You load one oak of mine and you will fight to drag it home!† It also shows his selfishness. Thomas thinks that he is a very important person on the village, but people don’t care about him a lot. They didn’t support his brother in the elections when he thought they were going to win. Thomas Putnam is also trying to make o ther people behave themselves the same way he is and put himself in better situation. He said that he’s never heard Proctor worried about society. He is telling this to make people think bad about everyone else except him. Also Thomas is afraid of authority. He doesn’t want any kind of troubles and arguments with the Court. He would better sign any papers, confess or accuse anybody in witchcraft then have any argument with anybody, who is stronger than he is. All these events don’t change Putnam’s view of life. They play a big role in his life, because he can make plans and fight for his interests against his enemies accusing them in witchcraft and giving the â€Å"evidence† to the court. Thomas doesn’t change through the play. Putnam was a selfish man at the very beginning and at the end he is thinking about his own interest. He even made his own daughter cry about witches and witchcraft, just to get the cheap land from people who are in jail. In the court he denies that he did that, but people already know. So, everything he does, he does to become a wealthy man, to get more money and get respect in the village. Thoughts about money is the engine inside his head that makes him live with one physical aim, to get this financial advantage on people. He is a contradiction to Proctor and Rebecca Nurse who decided to give their physical life for the truth and wait for the real court in heaven with God. Thomas Putnam is not a key character. Play can be without him, but I think it wouldn’t be that successful. Even though plot of the story can develop without him, Thomas Putnam plays a big role in balancing and contradicting characters, so the reader can actually see and understand what the author wants to show us. His role in the book and in his life is small and not vital, but very important for understanding details of the story and adding â€Å"color† to the play and â€Å"Crucible† world. Research Papers on The Crucible By Arthur Miller - Theatre EssayHonest Iagos Truth through DeceptionHarry Potter and the Deathly Hallows EssayThe Effects of Illegal ImmigrationWhere Wild and West MeetBook Review on The Autobiography of Malcolm X19 Century Society: A Deeply Divided EraCapital PunishmentTrailblazing by Eric AndersonTwilight of the UAWInfluences of Socio-Economic Status of Married Males

Personal Statement Example | Topics and Well Written Essays - 1000 words - 1

Personal Statement Example One of the opportunities is the use of technology to make business processes run smoothly and in real time. Such information and inspiration can only be gotten from supportive lecturers and professors. On matters of relevant experience, I was a treasurer of the Hong Kong Student Association (HKSA). The position of the treasurer entailed getting all the financial and accounting information into book. Apart from keeping financial and accounting information up to date, I also represented the same information to the entire student association. The position has helped me to practice some of the financial principles taught in the class. It has given relevant experience in matters related to business. Apart from giving an exposure to business matters, the position has assisted me to become responsible. Responsibility is a key virtue in any business. Koestenbaum (7) states that for one to run a business today, exceptional levels of personal accountability and responsibility are required. The position as a treasurer of HKSA has made to become a â€Å"responsible business professional.† Being an official member (treasurer) of HKSA has molded my personality. Before joining HKSA, I had issues with my personality. First, I could not approach let alone speak to a crowd of people. I was very shy and talking to anyone made my palms wet. The courage to talk or even express myself was a major problem. Second and lastly, I did not know how to communicate with other people. This coupled by the fact that I could not express myself. However, all these negative personalities were turned into positive personalities through experience and the exposure I got in the association. I got enormous support from my fellow students and the association’s patron. After joining HKSA and through the experience and support I got. I am able to organize activities regardless of whether they are of business nature or not. I can approach anyone without hesitation. My communication skills h ave also improved. I have become more active in matters related to business and those not related to business. I have gained vast knowledge in business matters when I was at HKSA. Thus, my experiences at HKSA have made me a rounded person. Apart from the association, I have also participated in other extra-curricular activities. I believe they have prepared me well to venture into the business world. In other words, they have made me a reliable and responsible person. Transfer Applicant Prompt Brian Schweitzer once stated, â€Å"I challenge you to be dreamers; I challenge you to be doers and let us make the greatest place in the world even better.† My dream has been to excel in the field of business especially in accounting and economics. In the past few years, I have developed a big interest in finance management. The corporate world is growing at a dynamic rate and more opportunities have been created. I have found the right environment when I can thrive in an attempt to fu lfill my dreams. I have had vast knowledge and experience in matters of finance. I am interested in increasing my knowledge in the field of accounting and economics. Thus, I request to be considered as one of the prospective students in MSc in Economics, Accounting, and Finance. My dreams of excelling in business have been greatly influenced by Donald Trump, who I consider as a role model. Donald Trump is a famous American

Managerial Leadership. The skills and expertise required for being an Essay

Managerial Leadership. The skills and expertise required for being an authentic leader - Essay Example In order to evaluate my leadership potentials I have used primary research. After analyzing those data I do have a clear idea about myself and also evaluated the requirements within myself in order to become a successful authentic leader. Authentic Leaders: - Authentic leaders are the persons who actually know themselves and portray what they know about themselves from their heart. Some of the essential characteristics of an authentic leaders are they always speak the truth, leads from inside, courageous and ambitious (Holden Leadership center, n.d.). Introduction The purpose of the report is to critically evaluate my competence and efficacy as an Authentic Leader. The report will highlight the applications of the presented models within the lecture. Apart from this the report will also highlight on the Personal intrinsic and extrinsic motivators. The report will also portray the primary and secondary research conducted by me for the completion of the entire project. Report Aim and O bjectives The report is principally focused to demonstrate the four factors such as authentic leadership, values, self awareness and motivation. ... are indisputable in their purpose and recognize the purpose of their leadership as serving the customers, employees and investors and not the one related to self interest. Authentic leaders must perform their values constantly, balance their extrinsic and intrinsic motivations, build reliable relationships and operate with high levels of personal discipline and obedience. Therefore to become an efficient authentic leader self awareness is the most important factor. It comes from the understanding of the life stories of some eminent leaders and the impact of their crucibles and reflects on how their life stories and crucibles add to their motivations and their behavioural patterns. The leaders who do not take time their time out for introspection and manifestation of their life stories, crucibles and experiences are considered more susceptible towards being seduced. The seducing factors are external rewards such as authority, money, and recognition. The leaders may also feel the need to appear in such an ideal way so that other cannot confess any ill-activities and disclose their faults. In the process of becoming more self-aware, I have learned to find and accept my weak points, failures, and vulnerabilities, as like we appreciate our strengths and successes. While doing so, I gain compassion for myself and also tried to relate to the world around myself in authentic ways. This also allows me to release from the need to adopt pretences to astonish other people. This also helped in self understanding and what I am at an interior level. The report will also reveal how I learnt to reframe my failures and negative experiences into positive growth opportunities. Mindful leadership is a worldly idea which enables people to maintain effective leadership throughout their

Assignment Example | Topics and Well Written Essays - 250 words - 345

Assignment Example Ford’s financials for the fiscal year that ended December 2003 addressed foreign exchange risk management. The company first understands and measures its exposure to various risks. For example, Ford is exposed to foreign currency risks. The firm utilizes cash flow hedges to prevent and minimize the risks. However, Ford hedges only between 25% and 30% of its foreign exchange risks. The firm hedges various currencies including Swedish krone, Mexico pesos, British sterling pounds, Brazilian reals, and Japanese yen (Hyman 32). Ford uses various hedging techniques to minimize the risks. These methods include value-at-risk (VaR) analysis. VaR assists the organization to assess its exposure to variations in foreign currency exchange rates. The VaR model focuses on profit and losses. Therefore, the technique allows Ford to calculate the size of the deviation between the probable profit and a yearly planned profit with a 95% probability. The current currency volatility in Venezuela is Ford’s primary concern. In 2015, the company announced that, it took charge related to its operations in Venezuela that would reduce fourth-quarter net profit by about $700 millions (Reuters 1). Venezuelan bolivars value fluctuates due to the illegal market. Reuters reported that illegal traders exchange a dollar for more than 180 bolivars. Such exchange rate is high compared to the country’s three-tiered exchange rate system. Venezuela’s currency exchange rate ranges between 6.3 bolivars and 50 bolivars to the dollar (6). Overall, Ford has grown significantly since its establishment. Despite the fact that the company experiences many risks in its operations, the firm adopted sound hedging techniques. Similarly, any company operating either locally or internationally might experience different challenges. However, good management strategies would propel the