Corporate Finance Woolworths Ltd

Question: Discuss about the Corporate Finance for Woolworths Ltd. Answer: Introduction Woolworths Ltd is a prime Australian company publicly listed on the Australian Stock Exchange (ASX) with extensive retail interest throughout New Zealand and Australia. In terms of revenue, it is consider, as the second largest company in Australia after is retail-focused conglomerate Wesfarmers Ltd. In the year 2015, it operates around 3729 stores with a workforce of approximately 197,000 employees in New Zealand and Australia that includes more than 960 supermarkets under the Countdown, Foodtown, Woolworths, and Thomas Dux banners (Woolworths limited, 2015). Core business The core activities of the company comprise of Liquor and Australian Food that also includes procurement of food, petroleum, and liquor products through the brands BWS and Dan Murphy. It has more than 1445 liquor stores and 516 petrol canopies under such brand name. Its New Zealand supermarkets engage in these same activities through 177 countdown supermarkets together with a wholesale functioning that provides additional 60 stores (Woolworths limited 2015). It also operates in General Merchandise that involves procurement of discount general merchandise goods through EziBuy and Big W brands. It also associates itself to hotel businesses and pursues around 330 hotels that involve engagement in providing of hospitality and leisure services inclusive of accommodation facilities, food and alcohol, venue-hiring duties, gaming etc (Long, 2014). Woolworths also operates in home improvement services through its 44 Home Hardware and Timber stores and 58 Masters Stores that include procuremen t of home improvement goods. An estimate of around 395 consumer electronic shops managed by Woolworths Ltd but under the brand names of Tandy and Dicksmith Ltd (Heffernan, 2015). The company also manages the wine market, Langtons, and Cellarmasters.com.au online platforms. In other words, the company pursues online operations for its key trading divisions. Strategic activities Food- Woolworths has been able to invest more than $200 million in 2015 for delivering the price promise made to the customers with internal strategies that depict price parity with Coles. It has further invested an additional 56000 hours per week so that on-shelf and Fresh availability is focused (Beaton, 2015). In order to win the customer experience, an innovative leadership team has been establishing that purposes to implement a customer-led measure (Woolworths limited, 2015). To offer enhanced certainty and transparency for the grocery and food suppliers, Woolworths has made a progress in signing the Australian Food and Grocery Industry Code of Conduct and is the only country to do so (Fuller, 2015). Therefore, the progress regarding its food plans mainly focus on customer-satisfaction. Liquor- In the year 2015, Woolworths has made a progress by consistently developing and gaining market shares across each of its three formats that is The Wine Quarter, BWS and Dan Murphy. The company significantly balances the formats that are The Wine Quarter (Online Direct), BWS (Convenience), and Dan Murphy (Destination) and it has shown developed outcomes. The company through My Dan Murphys, a loyalty program introduced in 2014, effectively engages customers. The company has successfully reinforced the digital platform named as danmurphys.com.au so that it becomes a premier online liquor destination of Australia (Keith, 2012). Petroleum- Woolworths have significantly invested in forecourt developments at more than 326 sites so that customer experience and electronic price boards at around 176 sites can be improved. The company through introduction of various promotional offers has enhanced the sales of merchandise (Jones, 2011). Furthermore, in order to increase the petroleum network profile, the company has opened 14 (net) new petroleum sites and this makes the total ownership of sites to 516. Last but not the least, fuel discounts have been provided to the customers at an additional 11 Woolworths Caltex alliance sites with approximately 103 sites across the country (Woolworths limited, 2015). Chairmans Report In comparison to 2014, Woolworths delivered a 0.1% increase in net profit after tax (NPAT) before significant items of $2.453.3 billion in the year 2015. Moreover, when such significant items are considered, then NPAT decreases by 12.5% to $2146 million in 2015. The company has changed its strategy in 2015 making it more focused towards customers so that long-term shareholder value delivered (Woolworths limited, 2015). Due to variations in Woolworths-Caltex alliance, the net sales declined by 0.2% and it amounted to $60.7 billion. In relation to dividend, the Board has declared a 1.5% increase in dividend per share that amounts to 139 cents. It can be observed from the annual report that financial year 2015 has been very important because various significant variations have been made in the senior management team of the company. The CEO and managing director of the company had given his intention for retiring and in order to find a worthy leader, the company has initiated a global CE O search. Due to such search initiatives, the current Managing Director (Brad Banducci) appointed in February 2015 who was later replaced by Martin Smith, prior general manager of Dan Murphys. Dave Chambers appointed as the director of the companys supermarkets while Pat McEntee appointed as Active Managing Director of New Zealands progressive enterprises. The managing director of Big W (Alistair McGeorge) also left the company and a new one (Penny Winn) was appointed. Even Winn has plans to leave the company by the end of 2015 in order to obtain a non-executive career. Woolworths is facing issues in order to find the managing director for Big W and director of Group Retail Services. Hence, financial year 2015 was a memorable year for Woolworths as various significant changes took place in the year. Although such challenges took place in 2015, yet the employees of the company work very hard so that the customers can be properly served and proper satisfaction of customers will thereb y facilitate in long-term growth and sustainable development (Woolworths limited, 2015). Managing Directors Report It is observable through the managing directors report of Woolworths that despite obtaining a slight increased profit in the year 2015 in comparison to the last year, the company failed to deliver an effective growth that was very shocking and disappointing. Woolworths continues to stay focused for the maximization of their shareholders value and this is the reason they have provided an increased dividend to them. The company has leading positions in the market and hence it provides an era of competition so that new challenges can be encountering (Keith, 2012). It can be observed that the company has been able to tackle such challenges as in Australian Liquor and Food, Woolworths is approximately 30% greater than their nearest competitors are. However, the market environment has changed drastically with due to passage of time because of enhanced competition and relevant shifts in the behavior of customers and therefore adopting old strategies will not be enough to meet the demands of the customers (Woolworths limited, 2015). In fact, Woolworths is trying to make new changes and it is consistently evolving so that new and innovative ways can be found to delight the customers. Woolworths also focuses on its online digital platform that serves more than 29 million customers each week to develop their share of wallet and enhance the experience of customers as a whole. Effective steps like investment of around $200 million for lowering the prices are done in Australian markets. Further, addition of new ranges and changing the format of stores, clearing of more than 80% of non-productive inventory and increasing the online availability of products to more than 28000 so that the reset of Big W can be accelerated. Acceleration of the lean retail model of Woolworths to be capable in competing in the new environment, maintaining of disciplined capital allocation and portfolio management. This will maximize the long-term shareholder value of the company and are being init iated by the company based on the challenges, as these are very crucial for identification of growth potential (Woolworths limited 2015). Corporate Responsibility Report Both globally and domestically, Woolworths is quietly earning recognition and respect for the depth and integrity of its corporate responsibility programs. Even in the year 2013 and 2014, Woolworths Ltd identified as an international leader of food and staple retailing sector in DJSI (Dow Jones Sustainability Indices). From the corporate sustainability report of Woolworths for the year 2015, it can be observed that the company had three prime focuses that is people, planet, and prosperity. People- Woolworths value diversity and purposes to establish an inclusive and vibrant workplace so that their employees can be valued at work irrespective of their age, gender, disability, ethnicity, gender identity etc. In relation to training, Woolworths offers significant opportunities for their employees to establish a career (Woolworths limited, 2015). A combination of learning opportunities used by the company that includes on-the job training, coaching and mentoring etc. In order to establish a safe business, Destination Zero made the companys vision for safety and health. Furthermore, the LTIFR in 2015 reported at 10.51 that are significantly lesser in comparison to 2014. Even during the year, around 1200 sites did not report of any LTIFR. Planet- In order to minimize carbon emissions, Woolworths adopted strategies like redesigning of customer-facing refrigerator cases, use of low greenhouse emitting refrigerants etc. With such policies, an anticipated reduction of more than one million tones delivered. These policies have also saved millions of expenditures for the company that can be reinvested for additional technologies in future (Graham Smart, 2012). For packaging, the review of more than 3000 brand products has been done by the company so that all products safeguarded from the supply chain to the customers. Woolworths also manages waste by increasing recycling rates. Prosperity- In 2015, more than 43000 people joined Woolworths business and due importance is provided to its suppliers by balancing customer value with a fair return for them. As per 2015 advantage report, the aggregate performance of Woolworths stands at sixth position out of 17 rated retailers. Better conditions for the workers are also established through ethical sourcing policy of the company that pursues a compliance audit program especially for the factories creating own brand products of the company (Woolworths limited, 2015). Initiatives taken by the company to invest in charitable organizations and community programs. The pre-tax contributions of the company stands at 0.7% in 2015 and it aims to offer at least 1% of pre-tax profits to the communities (Long, 2014). Key Financial ratio Ratio Formula Woolsworth Limited-2015 Woolsworth Limited-2014 PROFITABILITY RATIO Return on Assets Ratio Net Income 2137.4 = 0.084 8.4% 2458.4 = 0.102 10.2% Total Assets 25336.8 24136.5 Net Profit Margin Ratio Net Income 2137.4 = 0.035 3.5% 2458.4 = 0.040 4% Sales 60679.1 60772.8 LIQUIDITY RATIO Current Ratio Current Assets 7660.9 = 0.836 7106.1 = 0.949 Current Liabilities 9168.6 7489.5 Quick Ratio Quick Assets* 7660.9-4872.2-9.9 = 0.303 7106.1-4693.2-13.2 = 0.320 Current Liabilities 9168.6 7489.5 CAPITAL STRUCTURE Debt to Equity ratio Total Liabilities 14204.8 = 0.561 13611.1 = 0.564 Total Assets 25336.8 24136.5 Equity Ratio Total Equity 11132 = 0.439 10525.4 = 0.436 Total Assets 25336.8 24136.5 Quick assets is taken as current assets- stock prepaid expenses From the above analysis it can be seen that the decline in sales for Woolworths is negligible that is not an area to worry because the operations of the company vary in different years. A similar trend portrayed by the net income of the company, as well as the balance sheet of the company. However, the current assets have shown movement and this can be attributed due to an increment in the current assets of the company. Further the increment in the non-current assets projects that the tangible assets increased stressing on the long-term progress of the company. A vital increment is seen from $17030.4million to $17675.9million. Further, a sharp movement is witness from non-current to current liabilities and it is solely due to increment in the borrowings of short-term scenario and decline in the borrowings pertaining to the long-term (Parrino et. al, 2012). Profitability ratio Return on total assets this ratio indicates the manner in which the assets of the company are use for generating returns. However, the ratio is showing that thee assets were not used in an effective manner and therefore, the management needs to pay attention on it. Net profit margin the net profit margin of the company declined in 2015 and as said, the sales fluctuate every year thereby leading to a drop in the net profit margin. Immense competition from competitor like Wesfarmer and external scenario led to a fall in sales and this affected the net profit ratio (Libby et. al, 2011). Liquidity ratios Liquidity ratio projects the skill of the company in meeting the obligations of the company. The base ratio of current ratio is 2:1 while for the decisive test ratio is 1:1 and a ratio near to it, projects the strong performance of the company in terms of liquidity (Davies Crawford, 2012). Both the ratios has drop and is low that shows there is a liquidity crunch. The management needs to take a proper step to ensure that it is eliminate at the earliest. Capital Structure The capital structure off the company shows that the debt equity surpasses .50 indicating higher proportion of dent while the equity ratio is lower proving that the company has used more of debt as compared to equity (Fields, 2011). It must strive to attain a balanced level of equity and debt. Market performance Ratio Formula Woolsworth Limited-2015 Earnings per Share Profit available for ESH 2146 = Wght No. Of shares 1256.6 Dividend per Share Dividend paid 912 = No. Of shares 1259.8 The market performance is project by EPS and DPS. The above table shows that it has paid dividend and the EPS is good. This projects that as per market performance the company is operating smoothly (Choi Meek, 2011). Value creation The value creation process of Woolworths is done by focusing on strategies that are priorities. The customer value perception determines how a business operates and maintains its status. Low prices, strong supply management, strong resources, partnership, and a strong alliance determine the value creation formula of Woolworths (Sheldon, 2013). The key resource and key process helps the business to flourish. The key process includes regular improvement, promotional activities, initiatives of value chain etc. Product development and enhancement is been the major step when it comes to value creation (Brealey et. al, 2011). Therefore, the company has provided strong performance and never ignored the customers. Through customer satisfaction, it has created a strong market. Conclusion From the overall analysis, it can be said that the performance of Woolworths has been affected by the external circumstances and cutthroat competition. The liquidity position of the company is under trouble and is one of the major areas that need a strong evaluation of the management and rectification at the earliest (Libby et. al, 2011). However, there is a drop in the major ratio that does not go in good favour of the company. Therefore, at the current point of time, it is not feasible to invest in Woolworths as it is facing acute problem. It needs to structure the entire balance sheet by putting up a strong performance. References Beaton, WC. (2015). Harper Review: a mixed basket for Coles and Woolworths. Retrieved September 12, 2016, https://theconversation.com/harper-review-a-mixed-basket-for-coles-and-woolworths-39640. Brealey, R, Myers, S. Allen, F. (2014). Principles of corporate finance. New York: McGraw-Hill/Irwin. Choi, R.D. Meek, G.K. (2011). International accounting. Pearson. Davies, T. Crawford, I. (2012). Financial accounting. Harlow, England: Pearson. Fields, E. (2011). The essentials of finance and accounting for nonfinancial managers, New York: American Management Association. Fuller, D.S. (2015). Consensus among Economists Reviited. Journal of Economic Education , 369-387. Graham, J. Smart, S. (2012). Introduction to corporate finance. Australia: South-Western Cengage Learning. Heffernan, M. (2015). Pay deals imminent for supermarket giants Coles and Woolworths. Retrieved September 12 2016 https://www.smh.com.au/business/retail/pay-deals-imminent-for-supermarket-giants-coles-and-woolworths-20150427-1mu42b.html. Jones, E. (2011). Coles and Woolworths duopoly hard to swallow. Retrieved September 12 2016 https://theconversation.com/coles-and-woolworths-duopoly-hard-to-swallow-533 Keith, S. (2012). Coles, Woolworths, And The Local. Macquarie University. Long, W. (2014). Farmers slugged for Woolworths Jamie Oliver campaign. Retrieved September 12 2016, https://www.abc.net.au/news/2014-06-06/nrn-ausveg-vs-woolworths/5505808 Libby, R., Libby, P. Short, D. (2011) Financial accounting. New York: McGraw-Hill/Irwin. Parrino, R., Kidwell, D. Bates, T. (2012). Fundamentals of corporate finance. Hoboken, NJ: Wiley Sheldon, T. (2013). The Supply Chain stops with the big retailers. Retrieved September 12 2016, https://workinglife.org.au/2013/07/10/the-supply-chain-buck-stops-with-the-big-retailers/ Woolworths limited 2015, Woolworths limited Annual Report and accounts 2013, viewed 13 September 2016, https://www.woolworthslimited.com.au/icms_docs/182381_Annual_Report_2015.pdf.

Love, Power, and Romeo and Juliet free essay sample

The play Romeo and Juliet is a classic tale of friendship, love, betrayal, comedy, tragedy, and death. I t was written by William Shakespeare in and is considered one of his greatest tragedies. It has many different renditions and has been translated into many different languages. In the play â€Å"Romeo and Juliet† two young ambitious lovers put themselves in situations that would inevitably lead to their deaths. Was Romeo to blame or perhaps Juliet? Maybe the blame can be put on true love that would lead them to do certain things that were forbidden during those times. In the relationship between Romeo and Juliet many questions are formed within my mind such as who had more power in the relationship between Romeo and Juliet, was it Romeo, was it Juliet, or was it the Love between them. Perhaps gender played a role in who had more power in the relationship. In this paper I intend on exploring the answers to these questions that are lingering in my mind. We will write a custom essay sample on Love, Power, and Romeo and Juliet or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Throughout the play Juliet increasingly showed her power over Romeo, even though in those days, it was customary for men to show their power and dominance over women, this was not the case in this play. This could have been because William Shakespeare was married and had daughters. The first instance that Juliet shows her indirect power over Romeo was the very moment Romeo laid his eyes upon her. In scene one, act five Romeo says to a servingman, â€Å"What ladies that which doth enrich the hand of yonder knight†, â€Å"Oh she doth teach the torch to burn bright! It seems she hangs upon the check of night as a rich jewel in an Ethiop’s ear beauty too rich for us, for earth to dear! † This show power because earlier that day Romeo was mopping around crying about another young lady named Rosaline. When he saw Juliet he completely forgot who Rosaline even was and went out of his way to talk to Juliet even though she was part of the family that his family was in a feud with. Power was also exhibited by Juliet because Romeo was so infatuated with her that he stood outside her window and talked about her like she was the sun in the sky herself even though he could have been killed for it. Another exhibit of power was when Marcutio and Tybalt fought and the end result was Marcutio being killed by Tybalt and Romeo killing Tybalt and then being banished from Verona by the king. All his happened because of the love between Romeo and Juliet. Another instance of Juliet’s power was when she unintentionally got the Prince and Romeo to fight to the death over her, even though she was not really dead. The result of this battle, ended in the Prince’s death. The next instance of Juliet’s power was at the end of the play when Romeo was so incredibly distraught over his lov ers’ alleged demise that he purchased a vial of poison brewed by an apothecary to kill himself. After Romeo Kills Paris he lies down next to his beautiful Juliet and consumes the vial of poison so he can be with his lover once again. In the tragedy of Romeo and Juliet, Romeo also exhibits power. In the balcony scene between the two star- crossed lovers when the famous Romeo, Romeo where forth art thou Romeo speech Romeo tells Juliet that he wants to be with him. They both know that their love is forbidden, but Romeo convinces Juliet that they should run away out of Verona to get married and make beautiful love children. This shows power because they could have been banished or even killed because they could have caused the families to go to war and the kind already declared if they fought again they could been punished with death. Romeo also show his power when in the end of the play Romeo see Juliet dead and drink the poison to kill himself, Juliet awakes to see her lover dead his power over her was so strong that she tried to kiss his lips in hopes of getting the poison into her system so she could be with her lover. When they plan failed she took Romeo’s dagger and plunged it into her own heart killing herself instantly. If that is power over someone I don’t know what is. The last Object that could have been seen as having power over the relationship between Romeo and Juliet was the Friar. He was somewhat of a corky guy who brewed up remedies and was a good friend of Romeo and Juliet. He tried his best throughout the play to get the two lovers together and we all know how that turned out. The first instance of the friar showing his power over Romeo and Juliet’s relationship was when the two came to him for advice he came up with a plan to get the both out of the city and marry the two. Juliet was supposed to take a potion that the friar had concocted which was to make her seem if she had died but she would merely be a sleep. The family would bury her and she would wake up several hours later and meet up with her lover. He writes to Romeo to let him know what the plan is but the letter never makes it to Romeo so he doesn’t know Juliet isn’t really dead. Then all the bad stuff happens and everyone dies. So yes the friar did have some sort of power over the relationship between Romeo and Juliet but it wasn’t good power at all. In conclusion Love will make you do some stupid things. Love is very powerful whether experienced by a man or woman, it can make you do some strange things. The story was a good one and Power over people can definitely be a bad thing, as you can see in Romeo and Juliet.

Fathers advice free essay sample

Fathers advice Times in life essay A father Is a man who expects his son to be as good a man as he meant to be, A father is someone who carries pictures where his money used to be (Frank Howard Clark). There are times in a young mans life when he needs advice. When I needed that advice, turned to my Dad. He always seems to know what to do in every situation, and because of that, I will go up to my Dad and ask him about anything. My Dad will attempt to do what he can for me to the best of his abilities. One of the ways he does this is by providing me with excellent life advice.Some of the best he gave is telling me that Life ahead is too uncertain, so always follow your morals, and stay true to who you are even though outside forces are working against you. We will write a custom essay sample on Fathers advice or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Live life with a smile on your face. Every day has a new challenge; the outcome has to do how people face that challenge. There are times in my life that I really rely on the advice my dad gives me. Without it, I would not have the drive I have now. There was one time where I had no Idea what to tell to the bully when he was being a buttered. Ride to Ignore him, but it wasnt working. So one day I go to my dad and say, Dad there is a guy on my baseball team that is being a buttered and I dont know how to explain to him, that he is being a buttered without being one in return. My Dad turned to me and said, Son there Is no way around being a buttered In life so Just tell him he Is and move on. That taught me to quit thinking about how not to offend someone because I will spend more time of trying to figure out how not too then I actually would by saying it. M more able to be the person I want to be because I am strait forward with my friends. This advice has helped me make Important decision In life. For example, I was having a difficult time with baseball. I was getting teased and made fun of. This made me want to quit baseball all together. So, one day, I decided to tell the coach I Just cant play baseball any more, but then I remembered that I wouldnt be any happier If quit the sport that I love. I decided that If I couldnt prove that It TLD affect me then it would continue on even if I did quit.I kept pushing and pushing until one day the bullying and teasing finally stopped. I realized that I wouldnt be the same person m now if I would have given up. Another example of how being who I am has helped me Is when I wanted to get stronger. I started to work out twice a week. Lifting weights, running or something to help make me stronger I would go until it got hard then quit. Two weeks went by of doing the same routine over and over and I wasnt seeing any results. So I started to push myself harder thinking maybe Im not working out enough.Then, I started to work out four days a week. I would lift weights every other day and do cardiac on the other two days. Again I went till it got hard and quit. Three weeks pasted and still no results. I couldnt figure it out till I remembered my 1 OFF got hard then I quit. To get what I wanted I had to keep going till I could not go anymore. I started to do this sure it was hard sure I wanted to quit but I pushed on till I collapsed. I repeated this day in and day out. I started to feel like I was getting stronger yet I didnt give up.Every day I am faced with choices about what I want to do with my life or of what is right and wrong. The advice that I have been given has helped me make those choices to the best of my abilities and to the best outcome that I can affect. I wouldnt be the person I am today without the influence that people have had on me trough out my life so far. I know Im not perfect and I probably never will be perfect no matter how much I try. However, I know that if I follow the advice I have been given and the morals that have been instilled inside of me since I was a kid.I know I will turn out all right. I hope that I am going to be the person to my future kids that my dad is to me. I dont think that I can thank my dad enough for the thing that he has done for me. I know life will be a huge ride full of twist and turn and ups and downs, UT I think it is better to learn from ones mistakes than to keep making them over and over. When I make a mistake I always think of the saying, Fool me once, shame on you. Fool me twice, shame on me. I will listen to advice every time it is offered.I dont have to follow the advice but I will definably remember what is said to me on the topic. I have asked how he knows all of this and is able to give me advice the way you do. He always turns to me and says, Well son I have made the same mistakes that you have and more but I know that your son will probably make the same mistake that you did. That is what helps make you a man and what will help you make decisions later in life. I want you to remember, son, that dads dont Just love their sons every now and then.Fathers love their sons without amen. He told me this when I was twelve and to this day as I start to think about having kids, that advice always comes to mind. Lifes lesson will come and go, but I have to face each one with a smile on my face and spring in your step. Otherwise, I will not enjoy life the way that God meant for me to. I once heard an old man say Live life to the fullest its not like you are going to get out of it alive. I think that rings true for all people you are born and you die that is the only two certainties in life.I am going to live my life to the fullest that I can. While remembering my true self and the morals that I have been taught is right. What other people do with their life is their choice, but I wont let them stop me from what makes me happy or let them threaten my family. That is just not who I am or the person I want to be.

Dog Whistles, Whistle-Blowers, and Whistle-Stop Tours

Dog Whistles, Whistle-Blowers, and Whistle-Stop Tours Dog Whistles, Whistle-Blowers, and Whistle-Stop Tours Dog Whistles, Whistle-Blowers, and Whistle-Stop Tours By Mark Nichol Several idioms based on the word whistle are associated with politics. This post discusses the origins and meaning of â€Å"dog whistle,† whistle-blower, and â€Å"whistle-stop tours.† A dog whistle is any one of various devices that emits a high-pitched sound audible to canines but out of the range of human hearing that is used to train and summon dogs. In a political context, however, â€Å"dog whistle† has a pejorative connotation; the analogy is of a word or phrase that has a given literal meaning but also has a subtext to it that means something else to certain audiences. For example, in certain contexts, the invocation of the phrase â€Å"states’ rights† in assertions of the right of states in the United States to determine their own laws and policies without interference from the federal government is said to mask tacit advocacy of the perpetuation of racism. Meanwhile, a whistle-blower is someone who exposes a secret or an act of wrongdoing at a government agency or in a business or organization, with the notion that the person calls attention to something as if he or she were a referee at a sports event alerting athletes to halt play because of a penalty (or had blown a whistle to summon help in an emergency). Whistle-blowers, especially employees who publicize an entity’s crimes or unethical behavior, have risked termination, litigation, and threats of physical harm, and laws have been passed to protect them from such forms of retribution. A whistle-stop tour, traditionally, is a form of travel in which tourists make multiple brief stops at various sites; the phrase dates from the nineteenth century, when trains were a dominant mode of travel. It is, however, also associated with political campaigns: A train carrying a candidate would halt briefly in turn at numerous small-town stations, and the train’s whistle would alert residents of its arrival, at which point the candidate would give a speech to those who gathered. The term is still used, albeit figuratively, to describe a stop, often at a public venue, along the campaign trail at which a candidate will give a speech and meet supporters. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Fly, Flew, (has) FlownFlied?3 Types of HeadingsPersonification vs. Anthropomorphism

A Moment of Self Awareness Personal Statement Example | Topics and Well Written Essays - 500 words

A Moment of Self Awareness - Personal Statement Example Because I consider myself to be goal driven and an industrious person, it is difficult to communicate with others without a defined goal. I found that going to the grocery store was equally easy. It is simple, I just go and purchase my groceries, check out what is on sale and go about my business. It is easy for me to ask someone where an aisle is because there is a goal to be met at the end and honestly, the conversation is innocuous and quick. I don't feel as if I am being put on the spot. Likewise for the library and at a house I visited that was for sale. "While you are not born with a self-concept, you certainly do play a key role in building one. Even though you are constantly undergoing change, once built, the theory or picture you have of yourself is fairly stable and difficult to alter". Most people would describe me as an outgoing individual, easy to talk to and on the whole, easy to get along with. What most do not know, is that I am absolutely at a loss when placed in an environment that I am unfamiliar with. I therefore attempt to control the conversation or topic of conversation. I suppose that this would be my hidden quadrant according to the Jahari Window. I am not so sure that this is something that is built deliberately. I think that because I am outgoing, I would like to be able to initiate conversations in any area and with ease.

Practise report PARAPHRASING Assignment Example | Topics and Well Written Essays - 1750 words

Practise report PARAPHRASING - Assignment Example Whether a subject in the material is a fact or a personal opinion is also important. Facts supported by other evidences are given more weight compared to personal opinions. The blog Anthropologists in Cross Cultural Management does not comply with some of the criteria provided in the CRAP method. This method requires that a source be current and reliable and that its authority be well defined. Even though the material is current having been written in February 2009, it is the opinion of and individual and has not been supported by any form of reference. The material is also quite short and does not cover the entire topic managing multicultural environment. In the CRAP criteria, it is preferred that the publisher of a material have a knowledge of the subject to be addressed and if possible give a comprehensive introduction to the contents of the work. Emerald publishers draw journals from several university libraries all over the world and such introduction is not possible. Moreover, the journal may be lacking citations. Managing and harnessing the powers of Cross-Cultural differences has much of what is required. A list of materials read given at the end of the work indicates that it is not purely an individual’s opinion and that similar observation and argument can be obtained from other materials as well. It is also current having been modified on August 03, 2009 at 7:02:55 PM. This source also has links to other and referring to these sources is quite convenient. The several advertisements on the page all relate to the same topic and therefore cannot bore the reader. The sources of materials from Wikipedia are not known. Worse still, anonymous writers can join the team and make changes to an existing document. Therefore, the information from such sources can only be used to obtain a general overview of a topic. This can then be used to obtain references from the valid

Eassy HR Essay Example | Topics and Well Written Essays - 500 words

Eassy HR - Essay Example Hiring decisions are the possible final opinions that can be adopted in a hiring process. They are culminating possibilities from the hiring process that involves recruiting and selection processes of potential employees. The hiring decisions that I might witness in functional areas, manufacturing and accounting areas, include appointment of freshly recruited employee, renewal, or extension of an employee’s contract, promotion of an employee, or dismissal of a particular employee or recruit for an alternative. The decisions largely rely on the job specifications, job design, and the qualities that are demonstrated by the recruits in any of the possible hiring cases. A consideration of the expected roles of a potential employee, potentials of the recruit and the organization’s job design is for example essential in determining the ability of the recruit to adapt to the organization’s structure and culture. Consequently, making the hiring decisions should rely on t he management’s informed opinion based on the recruit’s past data from previous employers that allows for both human resource forecasting and quantitative forecasting of the recruits’ abilities. The resultant opinions of the hiring panel are then deliberated upon and a final decision is made on whom to hire for the subject position (Castillo and McAniff, p. 64). There exist varieties of strategies that can be used to recruit applicants into an organization’s human resource. Examples of the most currently used recruitment strategies include job postings, application of the print media, mail recruitment, recruitment through personal contact and recruitment from an organization’s interns. Job postings may be the traditional posting of job opportunities at a strategic place such as public notice boards or may be electronic on listing agencies’ websites and may be geographically target specific or may be universal. Recruitment through the media is however, regional