Development in the Management of Human Resources Assignment

Development in the Management of Human Resources - Assignment Example These include employees who collectively contribute to achieving business objectives. It deals with employing people, utilizing, developing capabilities as well as compensating their services in relation to the organizational requirements. The need to produce work based on knowledge and acknowledging that workers are key to a maintaining competitive advantage has improved new HRM initiatives. This study tries to analyze the major problems facing the Play Smart Toy Company and thereafter examines HRM policies and practices to be employed by the company to increase its productivity and growth. In reference to the above case study, there are various human resources problems identified. Â  Ken Williams with the help of a small management team decided to develop a line of specialty toys that made a big impact in the market. The company grew in production and gained a big market share in Melbourne, Sydney, and Canberra and later into the Chinese market. As demand increased the company employed more staff and the business went from a small operation to a much larger concern by employing a lasting production staff. Despite healthy sales figures profits in 2007 and the first part of 2008 dropped significantly. The then accountant explained to Williams that this fall had been brought about by the increase in costs, for example, the rising labor costs. Apart from the increase in costs, there were other issues of concern. Â  First was the efficiency problem with the production staff. It had been discovered that the staff were just moving about and not doing their duties as per the rules and when the demand was high most of them were stressed and this led to a decrease in production.

Cause & Effect Essay over Crisis in America's Social Security System

Cause & Effect over Crisis in America's Social Security System - Essay Example The situation facing the social security is pretty clear. It has enough income to last for about thirty years, and it does not seem that it will be running out anytime soon. The program was created to provide benefits to the retired and old age people, and the benefits were said to rise with the growing increase in wages of the people. The fact that the economy is producing more than enough funds to offer an increasing standard of living for the future generations, while also honoring its commitment to the Social Security, comes as a shock to some people. As a matter of fact, the only threat that the social security is facing is from the politicians who are trying to ‘alter’ the system and bring drastic changes by faking a crisis. (The introduction to The changes that Bush wanted to bring would have actually put the Social Security System in crisis. His privatization plan would have half ruled half of the Social Security funds into private accounts. This would have made the Social Security dependent on the Trust Funds, which would have emptied the Trust Funds twenty years sooner, and as a result payments to the people would have reduced by seventy percent. This would have created a real crisis. The Social Security Trust Fund has been in operation for about seventy years. There was a much worse crisis in 1983. The Trust Fund was about to drain then, but the problem as brought under control, and it worked for over fifty years. The Social Security system has been altered a few times, to keep it stable. Even if the government just sits idle and does nothing, then the Trust Fund is said to run out in 2035. But even then the Social Security would not be broke. So the so called crisis said to have occurred, is not much of a threat. The Social Security is well established and is said to run effectively for the next many years. If it is threatened by anything, it is the ‘reforms’ of the politicians and their attacks on then system. Their

Fetal Brain Tissue Transplantation in Parkinsons Disease Patients Essa

Fetal Brain Tissue Transplantation in Parkinson's Disease Patients Parkinson's disease is a neurological disorder characterized initially by muscular rigidity and slowing of voluntary movements (1). Ultimately, the characteristics are tremor, mask-like faces, decreased spontaneous blinking, flexion posture and sometimes cognitive impairment. The neuropathology of Parkinson's disease generally involves loss of cell bodies in all melanin-containing brain regions and invariably a loss of substantia nigra dopamine-containing neurons (DA). The principal target for dopaminergic neurons located in the substantia nigra is the striatum and the loss of dopaminergic tone in the striatum is thought to produce most of the symptoms of Parkinson's disease. Since Parkinson's disease is a dopamine deficiency, treatment with L-Dopa, the precursor of dopamine, was successful in treating Parkinson's patients (1). However, these patients taking L-Dopa often develop side effects and in about 50% of the patients, the drug effectiveness is lost. As an alternative to drug therapy, the possibility of grafting dopamine-containing tissue into the brains was proposed. From the proposal, there have been a vast amount of experiments to test transplantation effectiveness. Work in amphibians and fish were the first to demonstrate the possibilities for neuronal replacement after damage in the central nervous system (2). In these species, especially in the visual system, grafted neurons were substituted both structurally and functionally for damaged axonal connections, and afferent and efferent connections were established with a high degree of specificity between the grafted neurons and the host. Evidence in adult sub-mammalian vertebrates has shown c... ...a, S., Brundin, P. and Gustavii, B., 1989, Human fetal dopamine neurons grafted into the striatum in two patients with severe Parkinson's disease. A detailed account of methodology and a 6-month follow-up. Archives of Neurology 46: 615-631. 6. Freed, C.R., Breeze, R.E., Rosenberg, N.L. and Schneck, S.A., 1990, Transplantation of human fetal dopamine cells for Parkinson's disease. Results at 1 year. 47: 505-512. 7. Jankovic, J., Grossman, R., Goodman, C. and Pirozzolo, F., 1989, Clinical, biochemical and neuropathologic findings following transplantation of adrenal medulla to the caudate nucleus for treatment of Parkinson's disease. Neurology 39: 1227-1234. 8. Allen G.S., Burns, R.S., Tulipan, N.B. and Parker, R.A., 1989, Adrenal medullary transplantation to the caudate nucleus in Parkinson's disease. Initial clinical results in 18 patients. 46: 487-491.

Pacific grove case study Essay

EXECUTIVE SUMMARY By 2015, Pacific Grove (hereafter referred as â€Å"PG†) will reach a 55% ratio of interest/bearing debt to total assets and their equity multiplier will be 2.77 which is consistent with Peterson’s expectation. I must be noted that over the next 4 years, PG’s interest coverage is forecasted to increase suggesting that they will gradually be building up more earnings to cover its debt payment which is a good sign for the banks. Dilution of shares seems have to have little impact on the EPS of PG shares. Therefore, it is expected that PG shareholders would accept the issuing of shares. However, this information has to be clearly communicated by PG’s management to its shareholders in order to gain support of this share issuance. It is also fairly safe to say that it is a good decision for PG to enter into the television deal. It is noted that the project would yield a positive NPV at 10%, 15% and 20% discount rates. The project also requires only a modest initial investment The loss of confidence in credit by the overall market had left PG with no choice but to obey the demands of their bank as it would be difficult to obtain credit from other institutions during the time. In addition to that PG was also in the midst of a bearish stock market. This is justified by the fact that investors were anxious about the market and only willing to offer $27.50. A number of recommendations are given to help PG reduce their debt levels. These include improving their supply chain efficiency and forecasting so that they can reduce their inventory levels, negotiating with suppliers to reduce the rate they are paying for inventory and can extending the length of their accounts payable. Overall, it is recommend that PG accepts the investment group’s offer of $27.50 and issue 400,000 common stock to raise $11M for reasons mentioned earlier in the report. The extra funds will give PG more capacity to fund the television program in addition to reducing its debt to meet their bank’s requirement, as well as purchasing an underpriced High Country. 1.0 DEBT According to the forecast in Exhibit 1, PG seems to be on course in meeting their bank’s demand of 55% Debt to Total Asset ratio and 2.7 equity multiplier. Table 1 in the appendix illustrates a number of ratios relating to PG’s debt. Just by following their expected future growth plans they will almost reach the requirements of the bank within 4 years. Using the information provided from their forecasted financials, by 2015 Pacific Grove will reach a 55% ratio of interest/bearing debt to total assets and their equity multiplier will be 2.77 which is consistent with Peterson’s expectation. Although PG’s current future is projected to meet the bank’s demands, the issue that is yet to be known is whether the banks are willing to allow PG 4 years to achieve this. If the banks are reluctant to grant PG such a lengthy time period, PG will need to make smart changes in reducing these ratios. Recommendations for PG in to solve this problem are discussed later in the report. An another note, it must be noted that over the next 4 years, PG’s interest coverage is forecasted to increase suggesting that they will gradually be building up more earnings to cover its debt payment which is a good sign for the banks. This positive factor might help influence the bank to give PG the entire 4 years to meet their requirements. 2.0 SELLING NEW COMMON STOCK The issue with selling new common stock is that it can create dilution amongst existing shareholders. Shareholder dilution will lower share price in addition to sending a negative signal to the company’s shareholders. PG’s common shares outstanding would increase from 1,165,327 by 400,000 to 1,565,327. PG’s current EPS in 2011 is 2.037. According to the earning figures from the forecast in Exhibit 1, the EPS will be 2.136 after issuing  the new shares at year 2012. Table 2 (attached in the appendix) illustrating the EPS from 2012 to 2015 shows that dilution of shares seems have to have little impact on the EPS of PG shares. Therefore, it is expected that PG shareholders would accept the issuing of shares. However, this information has to be clearly communicated by PG’s management to its shareholders in order to gain support of this share issuance. 3.0 ACQUISITION OF HIGH COUNTRY The enterprise value of High Country was estimated in order to compare whether the acquisition price asked for it is would create impairment in the future. The forecasted financials of High Country is attached in the appendix. The discounted cash flow method gave an enterprise value of $37.56M. Assumptions are given in the appendix as to how this amount was achieved. This amount is way above the asking price of $13.2M (in excess of $24.36M). The excess amount will be recorded on PG’s balance sheet as goodwill if the acquisition occurs. As this goodwill amount is very large, it is expected not to be amortized in the future. Peterson has noted that PG would not consider the acquisition if it is anticipated that there will be future impairment and write-down of goodwill created by the purchase of High Country. As the book value(37.56M) is so much higher than its current market value ($13.2M), it is very unlikely that the goodwill will be impaired in the future. With that said, there will be no write down of goodwill. It must also be noted that based on the analysis of this report, High Country is heavily undervalued. The acquisition of High Country will be come off as a smart buy for PG. Overall, PG should look into acquiring High Country not only because of the unlikely write-down, but also because it is undervalued for what it is truly worth. 4.0 TELEVISION DEAL Judging by Exhibit 3, it seems fairly safe to say that it is a good decision for PG to enter into the television deal. It is noted that the project would yield a positive NPV at 10%, 15% and 20% discount rates. The project also requires only a modest initial investment of $1,440,000. Working capital for  the following years significantly lowers after the first year of operations from $2,459,543 to $122,977. On top of that, the show’s star is a reputable name in the cooking industry. This will boost PG’s perception in the market relative to its competitors. All these factors contribute to making the television deal an attractive deal for PG to undertake. 5.0 IMPACT OF ECONOMIC CLIMATE PG is exposed to difficult credit environment as banks are facing pressure from regulators following the financial crisis of 2008. Due to the loss of confidence in credit by the overall market, PG was left with no choice but to obey the demands of their bank as it would be difficult to obtain credit from other institutions during the time. This has impacted PG in the sense that PG might have to make changes in their operations to suit the bank’s needs if the bank demands that their requirements be met before 2015. In addition to poor confidence in the credit market, PG is also in the midst of a bearish stock market. From the fact that investors were anxious about the market and only willing to offer $27.50, which is below the market price, justifies that market participants have lost confidence in the stock market. Due to this market condition, PG will receive less capital funding if they were to accept the offer from the investment group. Overall, the market conditions are not in PG’s favour. The loss of confidence in both credit and stock market has negatively impacted PG. 6.0 RECOMMENDATIONS In terms of reducing PG’s debt if the bank want the debt figures lowered to the required levels before 2015 then Pacific Grove must do something more aggressive reduce interest bearing debt levels. It is recommended that the company explore ways to reduce its need for working capital financing. They should see if there are ways of improving their supply chain efficiency and forecasting so that they can reduce their inventory levels. They should look to negotiate with suppliers to reduce the rate they are paying for inventory. PG should also see if they can extend the length of their accounts payable. Even if they have to pay a slight price premium, if the  rate (APR) is less than what the banks are charging them in interest, it could help to both save money and reduce their capital needs. They should also see if they can adjust the credit policy terms with their customers to shorten the number of days before payment. By reducing receivables and increasing payables they should be able to reduce their financing needs from the bank in notes payable and thus lower their interest-bearing debt. Another option to help PG meet the bank’s demand faster would be to accept the offer by the investment and raise funds by selling common stock. This would store up more cash for future usage and PG will be able to reduce their debt levels in the following years. 7.0 CONCLUSION Overall, it is recommend that PG accepts the investment group’s offer of $27.50 and issue 400,000 common stock to raise $11M for reasons mentioned earlier in the report. The extra funds will give PG more capacity to fund the television program in addition to reducing its debt to meet their bank’s requirement, as well as purchasing an underpriced High Country.

Terrorism The Threat Of Terrorism Essay - 1098 Words

The threats of terrorism are growing globally and it is crucial in understanding the history of how terror is obtained to better prepare ourselves and possibly predict future threats. The behavioral pattern of the extremist can be a combination of qualities, acts, or beliefs. It is believed that all terrorist events have political objectives behind them, even though these extremist use religious symbolism to seek a wider audience and resort to violent acts to prove their point. The terrorist’s events leading up to September 11, 2001 can be analyzed for the purpose of uncovering such a pattern to shed light on the possibility of preventing another horrific terrorist attack in the future. September 11, 2001 is known today as the darkest day in aviation history because the attacks resulted in extensive death and destruction which led to significant U.S. initiates to combat terrorism globally. The Islamic extremist group Al-Qaeda are terrorists from Saudi Arabia and several other Arab nations who are responsible for such a horrific day in history. To better understand what led to 9/11, we must first analyze the history of Al-Qaeda’s past attacks. The significance of each attack, no matter how big or small, must have shown a pattern that bonds these acts together that if acknowledged could have forewarned the terrorist events of 9/11. With this in mind, through this paper terrorist acts before 9/11 will be discussed, the significance of these acts, and how they are all bondedShow MoreRelatedTerrorism And The Threat Of Terrorism1014 Words   |  5 PagesTerrorism has continuously been an ongoing danger all over the world. Threats pertaining to international security seem to be loosely organized and self-financed groups or the extremist Islamist parties using religion as a pretext that pose threats to the U.S. and other allies. 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With not a single country being able to escape the threat of terrorism, how does a company manage the risk of something that is so hard to measure yet, one of the most catastrophic things a companyRead MoreThe Threat Of Nuclear Terrorism1483 Words   |  6 Pages Nuclear Terrorism Introduction to Homeland Security Victor Reyes Valencia College Abstract Nuclear terrorism can take a variety of forms. The most frequently discussed form involves a terrorist group either stealing a nuclear weapon or building a nuclear device using stolen or illegally purchased nuclear material. This paper explores the dangers and threats of Nuclear Terrorism. It also goes in depth with how the government’s actions have prevented groups, countries and homegrownRead MoreTerrorism And The Terrorist Threat Essay1567 Words   |  7 Pageswithin counterterrorism, views regarding Islamist terrorism appear to be divided even among the experts. Bruce Hoffman and Marc Sageman, two of America’s leading theorists on terrorism and counterterrorism, held opposite views on how to deal with the Islamist terrorist threat, which erupted into a significant debate between the two in 2008. While Hoffman stressed that Al Qaeda is alive, resurgent and more dangerous than ever, Sageman argues that the threat no longer comes externally from organizationsRead Mo reThe Threat Of Nuclear Terrorism986 Words   |  4 PagesThe USA has reported Nuclear Terrorism as the number one issue that all Americans are facing today. Nuclear Terrorist attacks in Paris, San Bernardino, California, and New York have raised tension between the US and other countries, especially Islamic countries such as Iran. Nuclear terrorism has killed many innocent people around the globe. It has become the subject of debate in the USA since the terrorist attack of September 11, 2001 (Muller, 2016). Nuclear arms production is one of the rootRead MoreTerrorism: A Growing Threat898 Words   |  4 Pagesstruck fear in the eyes of many people by using threats and violence to further political beliefs. Terrorism can be shown in many different ways; however, there are only two main types of terrorism: international and domestic. International terrorism usually occurs outside the jurisdiction, or boundaries, of the United States. Domestic terrorism is the exact opposite, oc curring mostly within the jurisdiction of the United States. The violence of terrorism is usually comprised of assassination, destruction

The American Health Care System Do Women s Health...

The American Health Care System: Do Women’s Health Issues Matter? It is hard to believe that in a first world country women are more likely to die of cardiovascular disease than men because clinical researchers tend to conduct more health studies on men and then release the research to the public claiming that the studies apply to both genders. Sadly, the problem of women not being equally represented as men in clinical studies is a reality in the United States of America and puts women at risk for their health; however the problem can be fixed by creating awareness, incorporating more females in health research, and creating a better, dedicated Food and Drug Administration (FDA). Each of the three solutions is necessary as they would†¦show more content†¦Not only do researchers put women in danger, but so does the U.S. Food and Drug Administration. The FDA has approved many medications that clinical research has said to be effective and then have been known to cause harm to women. What the analysts and the FDA have been allowing is absolutely unacceptable and the easiest way to help remediate the problem would be to create more awareness to females. One of the problems for women who have heart attacks is that it is believed that women usually ignore the fact that they are having a heart attack which delays them to seek care. A complication bigger than that is that women do not really ignore the fact they are having a heart attack, they just do not realize they are having one. Although they may think it, women are not at fault for not seeking care right away when their body goes awry, the health care system is. Women in America are not aware that there is a gender-bias in health research and they do not know that the research that is published does not apply to them. Luckily, there are already people who are alert about the problem and try their hardest to garner women’s attention to inform them. Over the past couple of years organizations have dedicated there time and money to bring awareness to misinformed women that there are major flaws in the health careShow MoreRelatedThe Affordable Care Act ( Aca )1462 Words   |à ‚  6 Pagesa new reform in our medical system called the Affordable Care Act (ACA). Its goal is to reform the health care system, by providing Americans with a more affordable health insurance policy. It also tries to compress the growth of healthcare spending in the United States. The ACA offers Americans better health coverage because of the widespread reforms that are included. These reforms will expand our healthcare coverage, hold insurance companies liable, lower health care costs, guarantee more choiceRead MoreThe United States Health Care System1190 Words   |  5 PagesHealth care in the United States has evolved throughout the years. This evolution has lead to groundbreaking findings and understand, benefiting to not only America, but other countries. 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The sad matter is that several other health care systems in other countries are even better than the United States (Newman, 2009). Several of these matters contribute to the problems that the United States is facing and it needs to be addressed and improved before the matters becomes worse. Citizens

Have You Ever Seen A Cruelty Free Symbol In The Shape Of

Have you ever seen a cruelty free symbol in the shape of a rabbit on the back of a shampoo bottle? That means the bottle’s contents were made without it being tested on an animal first. But what if the symbol wasn’t on the bottle? Have you ever thought of what would happen to that bunny you would usually see in a pet store? To answer this question, commonly, animals put through experimentation are put through force feeding, food deprivation, and inflictions of wounds. That bunny probably is not okay right now. Cosmetic companies all over the world endanger the lives of animals to test toxicity and irritation of products. In order to test these characteristics, the products are placed on the skin and eyes of animals. If a rash occurs, or if†¦show more content†¦This gives humans a superiority, which leads them to believe that harming animals does not need consent and is allowed. Therefore, animal testing should be illegal because the harming of helpless animals although they are capable of experiencing pain, is immoral. It also gives an unnecessary feeling of superiority to those inflicting the pain upon them. (Arguments) (Animals) Animal experimentation has proven to be barbaric so far, but did you know it could also be unreliable?  ¨94 percent of drugs that pass animal tests fail in human clinical trials. ¨ (Animal) To accurately test drugs for the safety of the human race, animals would need to be extremely similar to humans, however that is not the case. For example, animals do not get as many diseases as humans do, such as alzheimer s or HIV, drugs like as aspirin could be fatal to animals, and foods, like chocolate or macadamia nuts are poisonous to dogs. Humans, as we all know, experience the opposite. Also,  ¨using rodents such as rats, to test the safeness of a drug is only error-free 43 percent of the time.  ¨(Arguments) In a laboratory there can be multiple variables causing the drug tested to be unreliable. For exampl e, if the animal is stressed, it can influence the results of the test.  ¨Stressed rats, for example, develop chronic inflammatory conditions and intestinal leakage, which add variables that can confound data. ¨(Akhtar) Therefore, using animals to test if drug is safe forShow MoreRelatedAnalysis Of Toni Morrison s Beloved1200 Words   |  5 Pages The novel depicts how cruelty leads ex-slaves to make irrational decisions and shape the people they are at the end . The cruelty inflicted on one including but not limited to slavery causes a chain reaction of hatred, pain and suffering and the cycle continues to repeat itself as seen in the novel with Schoolteacher, Sethe and Paul D. Furthermore, Morrison associates symbols with specific characters to depict personal struggles and develop the overarching theme, cruelty. Schoolteacher’s acceptanceRead MoreAnalysis Of Toni Morrison s Beloved1200 Words   |  5 Pages The novel depicts how cruelty leads ex-slaves to make irrati onal decisions and shape the people they are at the end . The cruelty inflicted on one including but not limited to slavery causes a chain reaction of hatred, pain and suffering and the cycle continues to repeat itself as seen in the novel with Schoolteacher, Sethe and Paul D. Furthermore, Morrison associates symbols with specific characters to depict personal struggles and develop the overarching theme, cruelty. Schoolteacher’s acceptanceRead MoreHester As A Heroine, By Nathaniel Hawthorne1513 Words   |  7 Pages1) Prompt: Hester has been called the American heroine, Do you agree that Hester is a Heroine? How does Hawthorne portray the role of woman in society? What is Hawthorne’s message? 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I would rather follow the orders and reduce the pain that would be caused when the guards come to play; the guards used every contact opportunity to beat the hell out of the detainee. As soon as I stood up, the two _______ took off their blouses, and started to talk all kind of dirty stuff you can imagine, which I minded less. What hurtRead MoreThe Evil of Slavery2387 Words   |  10 Pagessentences. In† Uncle Tom’s Cabin†, the conflicts between the evil slavery and love of Christianity happened all the time. Characters like Tom and Eva represented the nobility of Christian; in cont rast, Legree was the embodiment of slavery which did not have any passion to slaves. Harriet Beecher Stowe mentioned mainly about how immoral slavery was, but she also asserted that only the power of love could save United States out of institution of evil slavery. 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Paez was the man who works and sacrifices the most to earn the country final liberty. Jose Paez won the presidential elections in 1831 and remains the real power in the country. He is seen as acting in the traditional interest, though his policies are far from usualRead MoreEvil a Learned Behavior6329 Words   |  26 Pageshearts makes us all make terrible mistakes and commit evil. The writings of Confucius say, â€Å"There is no light without darkness, no positive without negative, no good without evil.† Throughout the history of humanity, humans have committed inconceivable and unthinkable acts of cruelty towards one another. From the brutal wars during the times of the ancient Greeks and Romans, to the modern area of ethnic cleansing and genocide one cannot help but wonder what is the root cause of this evil. Unthinkable