Corporations (Research) Essay Example | Topics and Well Written Essays - 1000 words

Corporations (Research) - Essay Example Legal responsibility indicates that organizations must fulfill their economic objectives within the legal framework requirements. Ethical responsibility requires the organizations to follow the moral rules. Discretionary responsibility incorporates those activities of an organization that are not mandated, not required by law, and not expected of organizations in an ethical sense (cf. Carroll, 1979, p. 500). For instance, organizations fulfill their discretionary responsibility by providing a day-care center for working mothers. (Maignan and Ferrell, 2000, p. 283) Corporate social responsibility (CSR) is an approach to business activities encompassing the basic questions relating to the role and purpose organizations play in the society. Central to this approach is the pledge to the so-called triple bottom-line of economic, social and environmental concerns. As per the principle of CSR, business must recognize that they get legitimacy to do business in society and must account for their social and environmental impact accordingly. As the business organizations are operating in the society, so the businesses must give something back to the society. By the same token, it is expected that business concerns will behave responsibly and will not engage in any activities that will cause harm to the society. NGOs and other campaigning organizations are putting pressure on certain Multinational companies, especially those engaged in hazardous activities like biological, mining, chemical and oil sectors. Nevertheless, in spite of the pressure from NGOs , promotion of CSR activities within the business practices of the organizations is also very strong. Some of the advantages for integrating CSR principles encompass reduction of risk, higher satisfaction among employees, low employee turnover and securing long-term financial performance. (Susan, 2003, P. 130) Organizations have noticed that social responsibility is good for their business for, and from, each part of the seven main azimuths within which they carry out their business activities. These parts are their shareholders and potential investors; managers; employees; customers; business partners and contractors or suppliers; the natural environment; and the communities within which they operate, including national governments. (Michael, 2003, P. 4). The social performance of an organization is a very crucial factor for the overall success of a business entity. If an organization engages in activities that adversely affect the environment, the environmentalists will surely speak against the organization that will badly affect the social performance of the organization. Furthermore, poor social performance will drive away potential investors. In today's increasingly competitive business world no business concern will want to loose the confidence of its potential investors. Today consumers avoid what they consider as socially irresponsibly made products or products of businesses that have allegedly not acted in the best interest of the society. (Michael, 2003, P. 3). It stands to reason that no business concern will surely take the risk of loosing its customer by acting against the interest of the s

Motivational Theories and Factors Essay Example for Free

Motivational Theories and Factors Essay Stress and conflict in the workplace can cause major emotional and physical damage to the facility and workers. In the past, there have been reports of tragedies caused by disgruntled workers who may have clocked in with a gun in hand. We are going to look into ‘three motivational theories including the relationship of stress and conflict in relation to individual motivations. ’ Many factors can motivate employees while at work. Some of the motivating factors could include the structure of the lives of the employees before they became employed. Personality is a big factor in employee performance and motivation. Someone that is an introvert may not have the same mind set as an extrovert. This will definitely dictate how that employee behaves and responds to directives at work. Turmoil has happened in recent years in workplace settings. Let us take a closer look at a tragic workplace incident. Omar Thornton was a thirty-four year old black delivery driver in Manchester Connecticut. On August 4, 2010, he signed his resignation papers in front of witnesses after he saw video footage of him stealing beer from his company. Before leaving the room he reportedly pulled a gun and started randomly shooting workers he came across. In the end, he killed eight, leaving two wounded before he killed himself. Thornton’s relatives and girlfriend said he had been harassed in a racial manner. This story is not the only one we have seen in the news. It proves that motivation can be a source of good behavior or negative. In Thornton’s case he was motivated by what he thought to be racially aimed mistreatment from his white co workers. This caused him to become stressed and it reached a deadly point of conflict, a him against them scenario. In the real world, no employee should allow their job stress to motivate them to take lives or destroy property. Stress can lead to serious consequences, whether it becomes a health issue or affects performance in a negative way. If employees are in constant conflict over management issues, pay working conditions or other concerns, this can lead to low moral among the employee congregation. It won’t matter if all employees are involved in the struggle, dissatisfaction can spread like sand into each individual’s boundaries. It will be the main topic around the water cooler each day. The job for management is to keep employees motivated in the right direction for the good of the company and its productivity. Management can help decrease the incidents of job dissatisfaction by following these steps. Positive reinforcement should always follow an employees job well done. When problems or disagreements arise the discipline should fit the crime. All persons who live up to their expected performance should be treated in a fair respectful manner. Goals should always be well pronounced so that no employee will say they didn’t know what was expected of them. Some jobs may need to be restructured to generate better productivity. All employees who perform in an acceptable capacity should be rewarded fro their compliance. Increased pay or a truck load of benefits may not always be at the top of the list when it comes to employee motivation. People want to feel needed and appreciated on the job. They want to know that their work is worth something. So, to decrease the incidents of stress, unfairness which can lead to conflict and disgruntled or dissatisfied employees, companies need to place value on employees who are doing what they are asked. When conflicts arise, there should be a procedure in place to allow every voice to be heard. When I am involved in stressful work situations, I bring it to the attention of my department manager. I do not attack an individual, I attack the cause of the problem. I follow the company’s guidelines for resolution, it has always worked for me. Since I started this class, I have learned that positive external motivation can also decrease or prevent stress in the workplace. So there should be a plan already in place to head off negative incidents.

relationships in Hamlet Essay -- essays research papers

Relationships In Hamlet In William Shakespeare's Hamlet, the character of Hamlet has many relationships with all characters. The theme of relationships is very strong in this play. A relationship is an association between two or more people. Hamlet has many of these associations with , Claudius, Ophelia, Rosencrantz and Guildenstern. Many of his relationships are just and unjust according to the character's feelings. The relationship between Claudius and Hamlet had many hidden meanings. The first time that Hamlet insults Claudius when someone else is around is when Claudius was supposed to help Hamlet cheer up. "A little more than kin, and less than kind" (Act 1, Scene II, Line 65) is what Hamlet said and at that point in time was very insulting. Act 3, had a play about a king getting poisoned. Claudius, who was watching this play, felt guilt for killing his brother, King Hamlet, and had to leave. Hamlet finally realizing that his father's ghost was telling the truth and went and found Claudius. Claudius was praying and so Hamlet felt that he could not have revenge for his father because of the act he was doing. Hamlet also needed to be on his own deathbed in order to finally get angry enough to kill Claudius. Hamlet’s final relation with Claudius was completely just even though it took his own life to finish it. Op...

Korea Essay -- essays research papers

The Korean Religious Heritage Korea's religious heritage has contributed to the teaching of the Unification Church. Since it first appeared on Korean soil and was nourished by the Korean philosophy of life, the new movement was naturally influenced to some extent by its environment. Just as Eastern Orthodoxy cannot be understood apart from Christian Hellenism, and Roman Catholicism is a product of Latin civilization, so the Unification Church greatly profited from the religious development of its homeland. Korea's indigenous religion, like that of most early cultures, was a form of shamanism. This original faith has never completely disappeared and still exerts considerable influence. Ancient Koreans believed in a variety of supernatural spirits, both good and evil. But more important was the one supreme Spirit, Hananim, the creator and beneficent ruler over creation. This high God was worshipped at mountain shrines; and to win his favor animal sacrifices were offered at appropriate times. Springtime and harvest festivals were particularly important. For more details, one can look at my book entitled Faiths of the Far East. 1 For our purposes, it is merely necessary to point out that from time immemorial Koreans believed in the existence of one Lord of heaven and earth as well as numerous lesser spirits. From earliest times Koreans have experienced direct contact with supernatural powers. Furthermore, shamanism emphasized Korea's unique role in history. Traditionally, Koreans dressed in white, because this symbolized their faith that they were children of the divine light. For centuries the shamans taught that Koreans had been chosen for a special purpose in God's plan for mankind. One should therefore not overlook the religious dimension of Korean nationalism. Then, as Buddhism spread from India across East Asia, it was planted in Korea. For a thousand years, Mahayana Buddhism, which came via China, was the court religion and popular faith of the Korean monarchy. Numerous Buddhist temples were erected at government expense. Monks and nuns became a normal feature of Korean society. Education and the fine arts were inspired by Buddhist teachings. Powerful abbots were advisors to the king as well as being the teachers of conventional morality. It would be impossible to exaggerate the religious, ethical and cultural effect which a millennium of Buddhist life a... ...s case came to trial several months later, he was completely exonerated. In spite of persecution, the Unification Church continued to grow. In 1958 a missionary was sent to Japan and the following year I came to Eugene, Oregon, as the first missionary to the United States. By 1975 missionary teams had been sent to one hundred and twenty countries. In 1960 Reverend Moon married Hak Ja Han. He and his wife moved to America in 1972, where he had begun nation-wide speaking tours. These culminated in the Madison Square Garden rally. As a result of this American publicity, the foundation was laid for an immense World Rally for Korean Freedom in Seoul at which Reverend Moon spoke to more than one million people on June 7, 1975. His Yankee Stadium appearance took place on June 1, 1976, and the Washington Monument Rally on September 18, 1976, provided an appropriate finale to Reverend Moon's public speaking campaigns in the United States. Throughout his life, his motto has been: To restore the world, Let us go forth With the heart of the Father In the shoes of a servant, Shedding sweat for the earth, Tears for man And blood for heaven. 9 Hyo-Won Eu. The Apostolic Herald, November, 1956.

Hysteria Comparison of the Salem Witch Trials and the Holocaust Essay

During both the devastating Holocaust in the Germany and the tragic Salem Witch Trials in the small town of Salem, innocent people were brutally killed, causing hysteria among the people. Both groups of people endured hardships because of the hysteria that occurred among them. This hysteria caused people to react in ways that they would not usually act. Both of these events are very historical and help The United States of America be a unified and prosperous country that it has grown to become today. Hysteria is defined as an uncontrollable outburst of emotion or fear, often characterized by irrationality, laughter, weeping according to the Webster’s Dictionary. The Holocaust is often defined as the brutal killing of about eleven million innocent people because of a racial prejudice against the Jewish race. This tragic occurrence was conducted by the awful and merciless dictator known as Adolf Hitler. The Jewish people were not the â€Å"perfect† race that Adolf Hitler wanted to create. He contradicted himself because not even he fell under the requirements that it took to become this perfect race. The Jewish people, such as ones that were only small babies and the elderly, were inhumanly killed in multiple ways. One example of this brutal killing of the innocent was when small children could be ripped away from their parents to be sent to the work camps that were scattered throughout the country of Germany. These work camps often worked the children so hard that a because of their lack of food and water killed them. This thing that these innocent people endured inside of these ruthless work camps is sometimes unimaginable to the human mind. The Salem Witch Trials took place in the little town of Salem. These events were sparked by a group of adolescent girls who were caught dancing in a forest and supposedly conjuring spirits. Witchcraft was very much frowned upon during those times. Religion was very important and in this circumstance many of the people of Salem were put to death. The girls had convinced themselves that if they lied and accused other people of being witches, they could take the blame off of themselves. John Proctor, who was a farmer in Salem that was accused of witchcraft, was willing to taint his own soul by admitting that he had an affair with Abigail. Abigail, who can be seen as the antagonist of this story was one of the girls that was accusing others of witchcraft. After John Proctor had be practically condemned by his once loyal servant Mary Warren and the other girls he knew that there was no more hope for him ever becoming an innocent man. â€Å"A fire, a fire is burning! I hear the boot of Lucifer, I see his filthy face! And it is my face and yours, Danforth!†(Miller 111).When John Proctor said this, he being a somewhat religious man himself, knew that only the Devil could be behind all of these horrible things that were happening in his hometown. He felt that if he was going to go to hell so were the rest of the people that accused him of witchcraft. The people that accused him had done no better. John Proctor was led to react like this solely because of his fear of being put to death and leaving his wife, Elizabeth, alone. The lies turned into a large scandal among the people. The religious conflict in Salem deeply affected the outcome of the trials. This led to many innocent people being put to death because they were accused of being witches. In both the Holocaust and the Salem Witch Trials innocent people were put to death. Elderly people were not respected throughout the trials and their opinions about what should happen were never really listened to. The elderly people in the holocaust had no say so in anything and often they were looked at as a complete waste of space. According the Nazis, the vicious soldiers who ran these brutal camps, the elderly people could easily be killed so that they could make room inside of the often over crowded work camps. Poor people were also were frowned upon during the Salem Witch Trials. Many of the people, who had money and were well off, thought of them as scum. In a lot of cases there are people that tend to think that because someone does not have money they cannot make logical choice or decision. In the Holocaust many people that were poor were imprisoned. These people were not considered important. They were often considered to be the lowest of the low. During both of these events it is sad that just because someone is old or someone that lacks money could be treated as any less of a person that was younger or had money. There were deep rooted issues in both Germany and Salem that led to these dysfunctional occurrences that caused a mass hysteria among the people. Unity was the key factor that lacked among the people in the town Salem and the country Germany. Although Germany was united patriotically they were not united religiously. In Salem the people lacked a religious unity. They were not confident in their faith in God. If they were strong in their faith they would have had some sort of conscience and feel bad that they knowingly put innocent people to death. Lying was the main thing that led to the downfall of Salem. These lies left the town devastated both emotionally and economically. Germany also suffered from being economically and emotionally hurt. The very minimal amount of people that were still alive after the dreadful Holocaust had to recover from the devastating loss of all of these people. The emotional toll must have been huge amongst the people that lost loved ones. Also, with the amount of people that were gone it greatly affected the amount of money flow. Without all of these people to work in many of the businesses and make money for the country also caused Germany to struggle deeply. The Holocaust caused far more issues for Germany than there ever was before World War II. In conclusion, a mass hysteria can occur at any place or at any time. Being religiously unified as a country or as a small town should be one of the main goals because without it there will as we have seen in both of these events be a mass destruction of people and economy. God helps those who are desperate in times of need, and also those who surround their life with God. So if a country or town were to surround its laws around Also, man should be able to stand for what he believes in no matter what the situation or occurrences. Staying strong in your faith will eventually benefit one in the end. Works Cited â€Å"Effects of World War II.† Www2.sunysuffolk.edu. N.p., n.d. Web. 30 Oct. 2012. Jewish Life during the Holocaust.† Www.jfedpgh.org. N.p., 2012. Web. 30 Oct. 2012 Miller, Arthur. The Crucible. New York, NY: Penguin, 1996. Print. â€Å"Religious Persecution and Its Impact: The Holocaust.† Msbyrneatalex.edublogs.org. N.p., 12 Nov. 2011. Web. 30 Oct. 2012.

The Causes and Dangers of Yellow Snow

The Causes and Dangers of Yellow Snow Yellow snow is the topic of many a winter joke. Since snow in its purest form is white, yellow snow is said to be colored with yellow liquids, like animal urine. But while animal (and human)  markings  can indeed turn  snow yellow, these  arent the only cause of yellow snow. Pollen and air pollution can also lead to large  areas of snow cover that looks like lemonade. Here are the ways snow can acquire a golden hue. Blanketed in Spring Pollen One harmless reason for yellow-tinted snow is pollen. Common in spring snows when flowering trees are already in bloom, pollen can settle in the air and on snow-covered surfaces,  marring the white color of snow. If youve ever witnessed your car covered in a thick coat of yellowish-green mid-April, then you know how thick a coating of pollen can be. Its the same with spring snows. If a large enough tree is overhead above a snow bank, the golden appearance of the snow can be spread over a large area. The pollen may be harmless  unless you happen to be allergic to it. Pollution or Sand Snow can also fall from the sky with a yellow color. Yellow snow is real. You may think snow is white, but other colors of snow exist including black, red, blue, brown, and even orange snow.   Yellow snow can be caused by air pollution  as certain pollutants in the air can give snow a yellowish tinge. Air pollutants will migrate towards the poles and become incorporated into the snow as a thin film. As sunlight hits the snow, a yellow hue can appear. When snow contains particles of sand or other cloud seeds, it can be a source of yellow or golden snow. When this occurs,  the color of the condensation nuclei can actually tint the ice crystals yellow even as it falls through the sky. One example was in South Korea when snow fell in March of 2006 with a yellow tint. The cause of the yellow snow was an increased amount of sand in the snow from the deserts of Northern China. NASAs Aura satellite captured the event as weather officials warned the public of the hazards contained within the snow. Yellow dust storm warnings are popular in South Korea, but yellow snow is rarer. Yellow snows often cause concern that they come from industrial waste. An intense yellow snow fell in areas of the Russian Urals region in March 2008. Residents worried that it came from industrial or construction sites and preliminary reports said it was high in manganese, nickel, iron, chrome, zinc, copper, lead, and cadmium. However, the analysis published in Doklady Earth Sciences showed that it was due to dust swept up from the steppes and semidesert of Kazakhstan, Volgograd, and Astrakhan. Dont Eat the Yellow Snow When you see yellow snow, its best to avoid it. Regardless of what caused snow to turn yellow, its always safest to find fresh fallen, white snow whether youll be using it for snowballs, snow angels, or especially snow ice cream.

Creative Writing How to Get Started with Creative Writing [+ 9 Exercises]

Creative Writing How to Get Started with Creative Writing [+ 9 Exercises] Creative Writing: How to Get Started with Creative Writing [+ 9 Exercises] Creative writing is one of those skills you can eternally get better at.Now, were not saying your creative writing is bad necessarily, but just that if you want to continue to push yourself in this industry, youll need some work.You might not like to face that truth, but it is indeed a truth. I’ll go into more detail about that in a little bit but every writer out there needs some writing tips to help them get better.And one of the best ways to get better at creative writing is to first learn and understand the craft of it, and then challenge yourself by completing writing exercises.Heres what youll learn about creative writing:What is creative writing?Creative writing topicsElements of creative writingExamples of creative writing9 powerful creative writing exercisesNOTE: We cover everything in this blog post and much more about the writing, marketing, and publishing process in our VIP Fiction Self-Publishing Program. Learn more about it hereWhat is Creative Writing?Creative w riting is a form of writing where creativity is at the forefront of its purpose through using imagination, creativity, and innovation in order to tell a story through strong written visuals with an emotional impact. It’s often seen as the opposite of journalistic or academic writing.When it comes to writing, there are many different types. As you already know, all writing does not read in the same way.Creative writing uses senses and emotions in order to create a strong visual in the reader’s mind whereas other forms of writing typically only leave the reader with facts and information instead of emotional intrigue.Creative Writing TopicsIf you’re looking for a few creative writing topics to dive into (which you’ll need if you’re going to use some of our top writing exercises), we have exactly what you need.These are our top creative writing prompts all compiled for you.Just fill out the form below and your writing prompts will be delivered promptl y! What are the Elements of Creative Writing?In order to get better at creative writing, you have to understand the elements of what makes writing a book great.You can’t build a car engine without understanding how each part plays a role, right? That’s the same case with writing.Here are the elements that make up creative writing and why each is just as important as the other.Unique Plot What differentiates creative writing and other forms of writing the most is the fact that the former always has a plot of some sort and a unique one. Yes, remakes are also considered creative writing, however, most creative writers create their own plot formed by their own unique ideas. Without having a plot, there’s no story.And without a story, you’re really just writing facts on paper, much like a journalist.Character development Characters are necessary for creative writing. While you can certainly write a book creatively using the second person point of view (which Iâ⠂¬â„¢ll cover below), you still have to develop the character in order to tell the story.Character development can be defined as the uncovering of who a character is and how they change throughout the duration of your story. From start to end, readers should be able to understand your main characters deeply.Underlying themeAlmost every story out there has an underlying theme or message even if the author didn’t necessarily intend for it to. But creative writing needs that theme or message in order to be complete. That’s part of the beauty of this form of art. By telling a story, you can also teach lessons.Visual descriptions When you’re reading a newspaper, you don’t often read paragraphs of descriptions depicting the surrounding areas of where the events took place. Visual descriptions are largely saved for creative writing.You need them in order to help the reader understand what the surroundings of the characters look like. This pulls readers in and a llows them to imagine themselves in the characters’ shoes which is the reason people read.Point of view There are a few points of views you can write in. That being said, the two that are most common in creative writing are first person and third person.First Person In this point of view, the narrator is actually the main character. This means that you will read passages including, â€Å"I† and understand that it is the main character narrating the story.Second Person Most often, this point of view isn’t used in creative writing, but rather instructional writing like this blog post. When you see the word â€Å"you† and the narrator is speaking directly to you, it’s second person point of view.Third Person Within this point of view are a few different variations. You have third person limited, third person multiple, and third person omniscient. The first is what you typically find.Third person limiteds narrator uses â€Å"he/she/they† wh en speaking about the character you’re following. They know that character’s inner thoughts and feelings but nobody else’s. It’s much like first person, but instead of the character telling the story, a narrator takes their place.Third person multiple is the same as limited except that the narrator now knows the inner thoughts and feelings of several characters.The last, third person omniscient, is when the narrator still uses â€Å"he/she/they† but has all of the knowledge. They know everything about everyone.Dialogue While non-creative writing can have dialogue (like in interviews), that dialogue is not used in the same way as it is in creative writing. Creative writing (aside from silent films) requires dialogue to support the story.Your characters should interact with one another in order to further the plot and development each other more.Imaginative language Part of what makes creative writing creative is the way you choose to craft the visio n in your mind. And that means creative writing uses more anecdotes, metaphors, similes, figures of speech, and other comparisons in order to paint a vivid image in the reader’s mind.Emotional appeal All writing can have emotional appeal. However, it’s the entire goal of creative writing. Your job as a writer is to make people feel how you want them to by telling them a story.Examples of Creative WritingSince creative writing covers such a wide variety of writing, we wanted to break down the different types of creative writing out there to help you make sense of it. You may know that novels are considered creative writing, but what about memoirs?Here are examples of creative writing:NovelsShort storiesPoetryPlaysMemoirs TV show scriptsMovei scriptssongsspeeches9 Creative Writing Exercises to Improve Your WritingWriting is just like any other skill. You have to work at it in order to get better.It’s also much like other skills because the more you do it, the stro nger you become in it. That’s why exercising your creative writing skills is so important.The best authors out there, including Stephen King, recommend writing something every single day. These writing exercises will help you accomplish that and improve your talent immensely.Have you checked out our fiction writing and self-publishing program? Learn more about it here#1 Describe your day with creative writingThis is one of my favorite little exercises to keep my writing sharp and in shape.Just like with missing gym sessions, the less you write, the more of that skill you lose. Hannah Lee Kidder, a very talented author and Youtuber, gave me this writing exercise and I have used it many times.Creative Writing Exercise:All you have to do is sit down and describe your day starting with waking up as if you were writing it about another person. Use your creative writing skills to bring life to even the dullest moments, like showering or brushing your teeth.#2 Description Depict ion If you’re someone who struggles with writing descriptions or you just want to get better in general, this exercise will help you do just that and quickly.In order to improve your descriptions, you have to write them with a specific intention.With this exercise, the goal is to write your description with the goal of showing the reader as much as you can about your character without ever mentioning them at all.Creative Writing Exercise:For this one, craft a character in your mind. It can be one you already created or a completely new one.Pick 5 key qualities about them you want to highlight within your description. Then, without ever mentioning the character at all, describe either their living room or their bedroom to meet that goal.#3 Edit your old writingBelieve it or not, editing does count as writing and can actually sharpen those creative writing skill more than you think.It can be a little scary to pull up a story you wrote last week or even two years ago and tear it apart. But that’s exactly what I want you to do.Check out this video of me editing my old writing in order to replace weak verbs with stronger, better ones to get a taste of what this can look like and how it can help you get better. #4 Voice VariationsOne of my favorite parts of writing is giving unique voices to each character. I believe that’s what truly brings them to live. Their dialogue as the power to pull readers in, or push them out of the book completely.Obviously, you want the former.During this creative writing exercise, your focus will be to pick 4 different emotional states and write dialogue and narrative of how your character feels and interprets those feelings.Creative Writing Exercise:For this one, craft a character in your mind. It can be one you already created or a completely new one.Choose your 4 emotional states and get creative. You can choose sadness, anger, happiness, and excitement BUT you can also go a bit further and choose to use drun k, flirty, terrified, and eager.After you have 4 emotional states, write one page of each using dialogue and narrative your character would use.#5 Single SensesCreating strong visuals is one of the most powerful ways to become a great creative writer. In fact, practicing this will help you craft books that really hook readers.This exercise’s goal is to help you develop writing the senses in ways that not only make sense, but are also imaginative and unique.#6 Dialogue DestructionDuring this exercise, you will learn a lot about how to shape a scene using entirely dialogue.Now, this isn’t something you’ll always do in your writing, but it’s very important to know how to move a scene forward using dialogue if you need to.This will also help you understand how to show and not tell in creative writing.Creative Writing Exercise:To start, choose a scene you wrote previously that has little to no dialogue, but is still very important.Next, rewrite the entire th ing using dialogue (including dialogue tags and body language descriptions). You will quickly become better at using dialogue to show and not tell.#7 Tell the origin story of the Tooth FairyThis writing exercise will really help you think creatively about something a large part of the world knows about.However, you have to think of a very unique, interesting way of presenting this common idea. The purpose of this is to help you dig deeper within your own story and plot in order to come up with the very best, most unique ideas because that is what will stand out in your book.Creative Writing Exercise:Begin this story like you would any other. Develop who the very first Tooth Fairy is and understand their character. Then, start creating a backstory that coincides with how they ended up becoming the tooth fairy.Write this in full, ending with the Tooth Fairy taking their first tooth.#8 Thematic AtticThis is a fun one! The idea behind this creative writing exercise is to focus on int erpreting themes through story.Since all creative writing has an underlying theme behind it, it’s really important for you to be able to accurately depict that theme throughout the story you’re telling.Otherwise, it can get lost. Not knowing the theme can often leave readers feeling unsatisfied and rightfully so.Creative Writing Exercise:For this exercise, pick an overarching theme you want to focus on. This can be anything from equality to the difference between right and wrong.Next, craft a short story with the setting being and do your best to make sure that theme shines throughGet creative! Your attic can even contain a portal to another dimension if you really want it to.#9 Break Language BarriersThis isn’t quite what you think it is. So no, we will not be creating new languages with this exercise.Instead, we’ll be working on using unique language to describe very common, everyday occurrences and experiences.One of the beauties of creative writing is that you have the power to change the way someone sees the world. You can make it more appealing and special to them if you know how.This exercise will help you develop the skill of using a unique narrative within your story.Creative Writing Exercise:In this creative writing exercise, you’ll start by reading. You can read a new book or even some of your old writing.Highlight or copy sentences or paragraphs you think are very common experiences that most everyone in the world knows of. For example: the sunset, brushing your teeth, looking up at the sky.Your job is to rewrite these experiences in the most unique way you can using visuals that you don’t normally see in writing.Here’s an example:BEFORE The sun set beyond the trees.AFTER The trees tucked the sun in for the night.[su_box title=Creative Writing Exercise box_color=#112947 title_color=#ffffff radius=0][/su_box]Turn Your Creative Writing Idea into a Novel PUBLISH!Now that youre more ready than ever to produce a high quality book, its time to take action.

Free sample - Texting May Be Taking Its Toll. translation missing

Texting May Be Taking Its Toll. Texting May Be Taking Its TollIntroduction According to the author Hafner (2009), in an article published on a daily press New York Times; Texting May Be Taking a Toll, makes use of the rhetoric art of writing to communicate effectively and persuasively. She goes along to use the three audience appeals: logos, pathos, and ethos. She also uses rhetoric writing by dividing her work into the five clearly defoined ‘canons’ which include: invention, arrangement, style, memory and, delivery. Rhetoric art is an ancient art dating back to the 4th century BC. It is categorically described as the art of persuasion. Aristotle the philosopher is accredited as the basic developer of the art, and has through time had influence on the development of the rhetorical theory from ancient through modern times. Discussion I have analyzed from the article the use of this art bit by bit. In the introductory section of the article, the author uses the canon of invention by the way she puts emphases on the intensity of texting as well as by comparing different circumstances and situations. She also uses delivery to create meaning and effect. A perfect exemplar of this can be demonstrated when she says, â€Å"They do it late at night when their parents are asleep, they do it in restaurants and while crossing busy streets. They do it in the classroom with their hands behind their back. They do it so much their thumbs hurt.† (Hafner, 2009). In the last sentence of the quote, the author uses Pathos to create an emotional sympathy. That is by employing the meticulous choice of words like â€Å"hurt† to evoke emotions to the reader (The Art of Rhetoric, 2010). The author continues to provide proof to this by giving statistical data on the number of texts massages send and received averagely by the teenagers. This is the use of appeals Logos specifically. Logos is used to persuade the reader by means of logic. When reasoning with statistical basis, it creates reason. This can be exemplified when she says, ‘The phenomenon is beginning to worry physicians and psychologists †¦Ã¢â‚¬â„¢ (Hafner, 2009). This statement seeks to form a basis for invention in argumentative, persuasive core of rhetoric. ‘Dr. Martin Joffe, a pediatrician in Greenbrae, California†¦Ã¢â‚¬ ¦Ã¢â‚¬â„¢ (Hafner, 2009). In this text, the author is providing a reputable character to enforce on the ideology that texting is causing physical harm to the teenagers. The author in the subsequent paragraph continues to provide more conclusive assumption from reputable characters on the harms of texting among teens. This is use of appeal in the form of Ethos to cr edit the document on the reputation of the Doctor and Psychologist. By using the name of a reputable doctor who has carried out research on the topic, vouches on the integrity of the research (Hafner, 2009). Pathos, an argument that is based playing on sympathy, emotion, fears and desires can be used for persuasion. The author is keen to point on the harms that come from over texting. By pointing out the harm of this act, she attempts to sway away people away from indulging so much in the act. I quote ‘Annie Wagner, 15, a ninth grade†¦, she noticed a painful cramping in her thumbs.’ This elicits sympathy and fear to other users (Hafner, 2009). Conclusion Canons have served both analytical and generative purposes. They create a base for critic and at the same time educate. The canons are arranged in a pattern to create meaning and draw attention. In the article, the author aligns her information in an executing manner to warn and draw attention to the dangers of texting. She follows an arrangement of a classical oration; introduction, statement of facts, division, proof, refutation and conclusion. By applying this arrangement, then the application of the appeals becomes an easier task (The Canons of Rhetoric, 2010).

Team building Essay Example | Topics and Well Written Essays - 500 words

Team building - Essay Example need is to develop skills of team building within the organizations through training and development comprised of several activities and case studies that will exemplify significance of team building in various situations. Team building helps to develop leadership within the organizations and derives synergic effects into the organizations as well. It saves time as well as efforts because of effective behavioral change that occurs due to team building. The proposed cost of the program includes administrative cost and training and education material cost. Administrative cost covers all expenses that include venue preparation, financial reporting, secretarial work and cost of trainers. Other cost includes training tools, kits and relevant handouts. The primary objective of team building program is to enhance productivity of non-profit organizations through developing certain skills of coordination to work with other members of the organization. The goal is to render the non-profit organizations more effective in delivering their philanthropic services. The culture of working in teams has to be nurtured in such organizations to let them work better. Certain case studies will be highlighted that will portray importance of working in teams and that will also signify team building values and critical situations that can be handled effectively with the help of team

Literature Review for Woolworths Research Essay - 1

Literature Review for Woolworths Research - Essay Example Marketing scholars and practitioners have long agreed that the factors which determine a customer’s decision to shop in a specific store are integral as it not only where customers choose to shop, but also what they shop and how much they buy. The key factors identified that influence customer’s store choice behavior include store price, store assortments, convenience in location, availability, and a variety of merchandise, value added store services, personal interaction, physical appearance and promotional activities in such stores. This factor comes third after location convenience and low prices. Assortment size may be in terms of a broad ray of products and the retail price formats which may be either promotional pricing format (Hi-Lo) where prices change with changing seasons, or it may be everyday price format (EDLP) where prices are lower than competitors. Indeed in their analysis of price formats on store patronage, Bell, Ho and Tang (1998) showed that customer s often traded off between lower prices and convenience where they would most likely visit a Hi-Lo store when they are purchasing less, and hence convenience beets price or they would most likely choose EDLP stores when they are purchasing more irrespective of the location of the store, hence low price beats convenience. Briesch, Chintagunta, and Fox (2009) affirm this by showing that customers would be willing to travel a considerable distance to stores that have a wide assortment of products and low price to make their purchases.

The Ethical Use of Nuclear Weapons Essay Example | Topics and Well Written Essays - 500 words

The Ethical Use of Nuclear Weapons - Essay Example Independence of States. Another ethical use of nuclear weapon s is that it allows a country to enjoy independence. It is important for countries to tread on a course of their own interest and for enjoying that kind of independence nuclear weapons are important otherwise countries will keep on interfering in the affairs of other states. Nuclear weapons also provide countries with political independence (Edwards, 41) as other states cannot impose their own policy on them. The world is ruled by force and nuclear weapons have ensured the security of many countries since its creation (The Week, 1). This is why nuclear weapons are ethical in nature as they secure countries. They are pivotal for maintaining the sovereignty of a country from external threats, both violent and diplomatic. Nuclear weapons are nothing but an extension of human nature and his desire to fight. Human beings are inherently belligerent therefore they will, eventually, find ways to go to war. It is therefore futile t o talk about disarmament as it will not help anything rather more clandestine ways will be developed to fight. Human beings cannot resist fighting and that’s why nuclear weapons are just a representation of human nature. Wars cannot be eliminated and it will be naà ¯ve to think otherwise (Ebert, 1). It also important to understand that human beings have a natural inclination to fight and it was because of violent impulses that state and authority came into existence (The Philosophy of War, 1).

Theory and Application Research Paper Example | Topics and Well Written Essays - 2500 words

Theory and Application - Research Paper Example Center of discussion in this paper is the theory as a systematic representation of a genuine problem, articulated as far as possible in mathematical terms in the natural sciences or logical (or strictly linguistic terms) in the life and social sciences. Theory basically refers to the research that leads to some conclusion regarding the hypotheses or that results in derivation of a hypothesis through experimentation. â€Å"Practice is viewed as action that treats real things: real acts, real teachers, real children, things richer and different from their theoretical representations†. Application or practice as the word suggests is application of the knowledge i.e. it is the practical aspect of the theoretical background. Since it the application that is usually important considering it is the application or practice that basically judges the theory hence it is important to integrate theory and practice. However, there is a significant gap between theory and practice. Especially , when it comes to the recent research being conducted, practitioners usually remain unaware of them, that has resulted in a widening gap between theory and practice. Hence it becomes necessary to understand the differences that exist between theory and it application in order to apply theories better to practice. Mullen et al. while discussing the theory-practice relationship explain that even though most consider theory and practice to be part of same world but even so they have different existence and we need to learn of ways to integrate the two. In their paper, they suggest three basic methods of integrating the two. The three methods mentioned are: metaphor, reflection and inquiry, and binocular vision. Regarding metaphor they state that â€Å"Metaphor can be used to capture a flexible, creative, and analytic form of integration†¦sees metaphor as the use of a word, phrase, or image in place of another to imply a likeness or comparison†(Mullen et al. 2005). They ref er to the system where we can analyze the situation, understand the problem, interpret it in various terms so as to be able to think of different solutions to the problem and apply the solution that best suits the problem. Reflection refers to the reflective conversation with the subjects involved. Mullen et al. (2005) refers to reflective practitioner as one who communicates with the subjects involved and thus gathers information that he utilizes in practice. However, it has a limited use since not all areas can utilize the method mentioned. Besides, communication skills are limited to individual abilities and hence do not provide a sure method for bridging the gap. Binocular vision refers to the concept where theory and practice are considered as the two lenses of the same binocular. Thus, they are considered as a part of the whole and are supposed to be naturally present in any given situation (Mullen et al. 2005). Exploring the mentioned methods Mullen et al. suggest that theory and practice are not to be viewed as part of different phenomenon instead they always exist in a situation as a whole. Further, it is difficult to state whether theory follows practice or practice follows theory instead they co-exist like the lenses of a binocular. Hammond, Rosso, Orcutt, and Martin (2011) in their attempt to develop better educational practices

Answer the question Speech or Presentation Example | Topics and Well Written Essays - 750 words

Answer the question - Speech or Presentation Example Table 3 below gives the test for pre-deliberation ballot. We clearly see that there is an association between death-qualified jurors and those who would have been excluded in regard to the voting. The p-value is given as 0.017 (a value less than ÃŽ ±=0.05), leading to the rejection of the null hypothesis and thus we conclude that there is significant difference in the voting pattern between death-qualified jurors and those who would have been excluded Table 4 below gives the test for post-deliberation ballot. We again see that there is an association between death-qualified jurors and those who would have been excluded in regard to the voting. The p-value is given as 0.017 (a value less than ÃŽ ±=0.05), leading to the rejection of the null hypothesis and thus we conclude that there is significant difference in the voting pattern between death-qualified jurors and those who would have been excluded The p-value for the Pearson’s Chi-square is 0.256 (a value greater than ÃŽ ±=0.05), we thus fail to reject the null hypothesis and conclude that there is no association between ethnicity and the examination pass rate. The p-value for the Fisher Exact test to test is 0.375 (a value greater than ÃŽ ±=0.05), we thus fail to reject the null hypothesis and conclude that there is no association between ethnicity and the examination pass rate. d. Use the 2-sample Z-test method to test the null hypothesis that the pass rates are equal for Hispanic and other officers. Explain the results, and compare the results from the three tests you performed in B,C,D. From the table we observe the mean for other officers to be 1.78 while that of Hispanic officers is 1.88. The p-value for the 2-sample Z-test is 0.693419 (a value greater than ÃŽ ±=0.05), we thus fail to reject the null hypothesis and conclude that there is no significant difference in pass rate between the Hispanic officers and other

Theory and Application Research Paper Example | Topics and Well Written Essays - 2500 words

Theory and Application - Research Paper Example Center of discussion in this paper is the theory as a systematic representation of a genuine problem, articulated as far as possible in mathematical terms in the natural sciences or logical (or strictly linguistic terms) in the life and social sciences. Theory basically refers to the research that leads to some conclusion regarding the hypotheses or that results in derivation of a hypothesis through experimentation. â€Å"Practice is viewed as action that treats real things: real acts, real teachers, real children, things richer and different from their theoretical representations†. Application or practice as the word suggests is application of the knowledge i.e. it is the practical aspect of the theoretical background. Since it the application that is usually important considering it is the application or practice that basically judges the theory hence it is important to integrate theory and practice. However, there is a significant gap between theory and practice. Especially , when it comes to the recent research being conducted, practitioners usually remain unaware of them, that has resulted in a widening gap between theory and practice. Hence it becomes necessary to understand the differences that exist between theory and it application in order to apply theories better to practice. Mullen et al. while discussing the theory-practice relationship explain that even though most consider theory and practice to be part of same world but even so they have different existence and we need to learn of ways to integrate the two. In their paper, they suggest three basic methods of integrating the two. The three methods mentioned are: metaphor, reflection and inquiry, and binocular vision. Regarding metaphor they state that â€Å"Metaphor can be used to capture a flexible, creative, and analytic form of integration†¦sees metaphor as the use of a word, phrase, or image in place of another to imply a likeness or comparison†(Mullen et al. 2005). They ref er to the system where we can analyze the situation, understand the problem, interpret it in various terms so as to be able to think of different solutions to the problem and apply the solution that best suits the problem. Reflection refers to the reflective conversation with the subjects involved. Mullen et al. (2005) refers to reflective practitioner as one who communicates with the subjects involved and thus gathers information that he utilizes in practice. However, it has a limited use since not all areas can utilize the method mentioned. Besides, communication skills are limited to individual abilities and hence do not provide a sure method for bridging the gap. Binocular vision refers to the concept where theory and practice are considered as the two lenses of the same binocular. Thus, they are considered as a part of the whole and are supposed to be naturally present in any given situation (Mullen et al. 2005). Exploring the mentioned methods Mullen et al. suggest that theory and practice are not to be viewed as part of different phenomenon instead they always exist in a situation as a whole. Further, it is difficult to state whether theory follows practice or practice follows theory instead they co-exist like the lenses of a binocular. Hammond, Rosso, Orcutt, and Martin (2011) in their attempt to develop better educational practices

- Art and Music Appreciation Essay Example | Topics and Well Written Essays - 250 words - 2

- Art and Music Appreciation - Essay Example bit of a sunset: at first you are sad to see the day go, but as the sun sinks down and the sky turns pink, you think, â€Å"Ah, the beauty of the sunset is worth the fact that it is now night and a bit cold out.† It is a fine song to relax to. There is a constant shift from soft notes to hard ones, marking it as a very dynamic piece. It requires a great deal of dexterity from its performer, especially to keep the constant swarm of notes going. It is very brisk and seems to be in a great rush, bouncing off the walls at a dizzying pace. In the middle, it begins to slow down a bit, before playfully speeding up again. I find this to be a cheerful, funny piece, and can easily imagine people smiling as they try to dance to it. 2.) Discussion Questions: Art. The impressionist style of painting is characterized chiefly by concentration on the general impression produced by a scene or object and the use of unmixed primary colors and small strokes to simulate actual reflected light. -Nicholas Pioch Impressionism is often a kind of soft-focus style of painting where the figures or objects appear in varying levels of detail. The world of light has more influence on our sight than you might expect, is what impressionist seem to be saying. They try to shift our allegiances from strict forms to a vaguer, airier world. They use soft colours that blend into one another and often capture pastoral scenes. They question how we perceive the world and what our visual prejudices might

Japanese Spirit, Western Things Essay Example for Free

Japanese Spirit, Western Things Essay a) How did Japan modernize their economy without embracing Western Culture? Japan has proven that economic modernization is possible without embracing economic culture. Rather, Japanese philosophy of decolonization (Suzuki, 1996) and isolation were imposed because the government wanted the country to become independent and sustainable without the help of other nations. Although Japan attempted to include Western science (Kasulis, 1995) and absorbed Chinese tradition and culture including technology, philosophy, and literature a couple of decades and a half, Japan decided to close its doors to external influences like the prohibition of Christianity and overseas travel or immigration, in the nineteenth century. However, Japan eventually accepted western technology when the Americans arrived in 1853 for the motive of becoming stronger in terms economic growth. b) Has this modernization been successful? Modernization in Japan was not an easy process since some, like anti-liberal Japanese leaders, wanted to preserve the Japanese culture, preventing others, called power-breakers, to reflect a true western tradition and imitate western technology. The later group used talk of local culture in order to keep them from becoming politically and economically at risk. c) What could be some unforeseen events occurring in a company’s environment that might affect further cooperation between Japan and America? Companies are likely to face the prolonged tension between Japanese culture and western technology. Japanese companies might experience the difficulty of replacing Japanese with culture with western ideas, increased competition, political structure, and the different strategies for auditing and corporate governance. On the other hand, western companies might continue to suffer from regional economic barriers. Cultural diversity would remain a significant barrier for multinational companies due to Japan’s internal colonization in the past and the preservation of Japanese culture (Suzuki, 1996). Therefore, companies must be able to deal with and overcome the challenges of globalization and competitive market by becoming aware of their responsibilities, understanding legal policies, resolving conflicts through open communication, and reassessing corporate social responsibility. References â€Å"Japanese Spirit, Western Things† (2003) The Economist Newspaper, Ltd. (July 10). The Economist. Kasulis, T. P. (1995) â€Å"Sushi, Science, and Spirituality: Modern Japanese Philosophy and Its Views of Western Science. † Philosophy East West, 45(2), 227. Suzuki, T. M. (1996) â€Å"Japan: Beyond the Lessons of Growth. † Social Justice 23(1-2), 275.

Invisible Contract

Invisible Contract The concept of the invisible contract can also be expressed as psychological contract which entails the unwritten employment relationship between the employer and the employee. It is an unspoken set of beliefs usually hidden or remains invisible, held by both parties which co-exist with the written contract of employment. The psychological contract is used to refer to the perceptions of what both employers and employees have regarding their business relationship based on what they are to give and receive from each other respectively. This concept can be traced back to Ancient Greek Philosophers as well as social contract theorists like John Locke and Thomas Hobbes. Kotter (1973) describes the psychological contract as an implicit contract with specifications of how both the individual and organisation are meant to behave in their employment relationship. The psychological contract is an abstract relationship between employers and employees driven by their perceptions of values. According to Cluterbuck (2005) value has three core meanings and they are value as respect, value as worth and value as beliefs. Value as respect refers to the perceptions of the employees towards the organisation with regards to how the employee feels about working with that particular organisation. If the employees feel that they are contributing positively to the organisation and if these efforts are being recognised by the organisation, the hidden orientation becomes successful. Value as worth on the other hand refers to how the employers and employees create added value for each other through reciprocal rewards. For example, the organisation providing Good pay and providing training and development opportunities for the employees while the employees in turn add value to share holders in order to raise capital. In this proposal various psychological aspects will be described in the context of organization and also its employees and also the appropriate methodology for this research will be discussed for the further completion of the investigation. 1.1 Research Question What is the role of the invisible contact or psychological contract between employers and employees in Starbucks coffee in City East District? 1.2 Key Aims This research seeks: To compare the Old and New Types of the Psychological contract To explore the opinions of a selection of Starbucks Coffees employees and their managers about their side of the psychological contract. To evaluate the assumptions both employers and employees have towards the concept of the psychological contract. To explore how psychological contracts can be enhanced to increase competitive advantage in supermarkets. To examine the changes in the psychological contract over the years, the reasons for the changes and the influence the new contract is having over both employees and the organisation. 1.3 Background of the Company: Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington, United States. Starbucks is the largest coffeehouse company in the world, with 16,120 stores in 49 countries, including around 11,000 in the United States, followed by nearly 1,000 in Canada and more than 800 in Japan. Starbucks sells drip brewed coffee, espresso-based hot drinks, other hot and cold drinks, snacks, and items such as mugs and coffee beans. Through the Starbucks Entertainment division and Hear Music brand, the company also markets books, music, and film. Many of the companys products are seasonal or specific to the locality of the store. Starbucks-brand ice cream and coffee are also offered at grocery stores. In May 1998, Starbucks successfully entered the European market through its acquisition of 65 Seattle Coffee Company stores in the UK.   The two companies shared a common culture, focussing on a great commitment to customised coffee, similar company values and a mutual respect for people and the environment. CHAPTER 2 2.0 Literature Review This chapter highlights the major arguments surrounding the concept of the psychological contract. The psychological contract is unwritten and therefore it is merely implied but could be explicit to some extent but not necessarily allow for agreement to the parties involvement. It can differ from individual to individual as well as from various organisations because individuals have various perceptions even with the same terms and conditions it still varies amongst individuals. The concept of the psychological contract can be traced back to Ancient Greek Philosophers and social contract theorists like John Locke and Thomas Hobbes. William Morris described Love of work as a Man at work creating something which he feels will exist because he is working at it and wills it and is therefore exercising the energies of his mind, soul and body (Morris 1870). 2.1 Definitions of the Psychological contract Agyris (1960) has been given credit for bringing to limelight the concept of psychological contract. He describes the psychological contract as a set of practical and emotional expectations of benefits that both employers and employees have of each other. Kotters (1973) defines the psychological contract as an implicit contract between an individual and his organisation which specifies what each is expected to give and receive from each other in the relationship. Morrison and Robinson (1997) on the other hand describe the psychological contract as an employment belief about the reciprocal obligations between that employee and his or her organisations where these obligations are based on perceived promises and are not necessarily recognised by agents of the organisation. According to Schein (1978) the psychological contract was described as a set of unwritten reciprocal expectations between the individual employee and the organisation. According to Goddard (1988), the way psychological contract is managed will determine how successful an organisation will become. The psychological contract entails what both parties to the contract (i.e. the employer and employee) expect from each other based on their employment beliefs and values. 2.2 Types of Psychological Contract Rousseau (1995) describes four types of psychological contract. The first type is the transactional which is short term and there is very little involvement of the parties, employees are more concerned with compensation and personal benefits rather than being good organisational citizens (Robinson et al 1994). The second type of psychological contract is the relational, which is a long term type focuses on more emotional factors like support and loyalty rather than on monetary issues like pay and compensation. The third type is the hybrid or balanced which aims at long term relationships between employers and employees as well as specifying performance requirements. The fourth type is the transitional contract which according to (Rousseau, 1995) does not offer any form of guarantee because of the ever changing nature of the organisations environment.    Short Term  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Long term Transactional (ex. retail clerks hired during Christmas shopping season) * Low ambiguity * Easy exit/high turnover * Low member commitment * Freedom to enter new contracts * Little learning * Weak integration/identification Balanced (ex. high involvement team) * High member commitment * High integration/identification * Ongoing development * Mutual support * Dynamic Transitional ex. employee experiences following merger or acquisitions) * Ambiguity/uncertainty * High turnover/Termination * Instability Relational (ex. family business members) * High member Commitment * High affective commitment * High integration/identification * Stability Table 1: Types of Psychological contract (Rousseau 1995 Pg 17) The psychological contract is an abstract relationship between employers and employees driven by their perceptions of values. According to Cluterbuck (2005) value has three core meanings and they are value as respect, value as worth and value as beliefs. Value as respect refers to the perceptions of the employees towards the organisation with regards to how the employee feels about working with that particular organisation. If the employees feel that they are contributing positively to the organisation and if these efforts are being recognised by the organisation, the hidden orientation becomes successful. Value as worth on the other hand refers to how the employers and employees create added value for each other through reciprocal rewards. For example, the organisation providing Good pay and providing training and development opportunities for the employees while the employees in turn add value to share holders in order to raise capital. There must also be a sense of equilibrium her e so the parties involved feel a sense of fairness. There are two main types of psychological contract and they are the Transactional and Relational Psychological contracts. The transactional focuses on short term and specific monitory agreements with little involvement of the parties where employees are more interested in good benefits and compensations. The relational psychological contract on the other hand is a long-term contract that focuses on support and loyalty rather than on monitory issues, it is a more emotional contract. Rousseau (1990) categorisation of obligations as relational or transactional is shown below (Table 2) Employer  Ã‚   Obligations: Transactional Employer Obligations: Relational Employee Obligations: Transactional Employee   Obligations: Relational Advancement Training Notice Overtime High Pay Job security Transfers Loyalty Merit Pay Development No competitor support Extra role behaviour Support Minimum Stay Source:   Rousseau (1990) Table 2: Categorisation of employer and employee obligations as Transactional or Relational 2.3 Changes to the Psychological contract The concept of the psychological contract has led Academics to carry out a vast and in-depth research on the subject matter. The concept of the psychological contract has changed over the years and this chapter will describe its changes. Holbeche (1998) noted that the old psychological contract existed before the 1980s where employment was guaranteed as long as employees continued to perform their best at work. The change occurred from the 1980s to the present as a result of emergent challenges to corporate strategies which were being influenced by economic turbulence. There was an urgent need by organisations to adopt change to deal with economic downturns and as a result of this most organisations began the process of downsizing and began to focus more on their core business and outsource other peripheral activities. These business strategies were required for organisational development and they challenged the old psychological contract that was based on Job security and moved focu s to a new contract that is based on employability. According to Hiltrop (1995), the psychological contract that gave job security and job stability to the relationship of both employees and employers has dramatically altered in the past two decades. He further stresses the change in nature of loyalty and commitment with the emphasis changing from long term careers to current performance. Rousseau (1995) acknowledges these changes by stating that contracts were previously transactional in nature but with the emergence of the bureaucratic era they developed to become relational. The old psychological contract was based on a reciprocal obligation of both employer and employee where employees provided loyalty to employers and employers gave Job security. Various factors led to the change in the psychological contract and they include amongst others the recession in the early 1990s as well as the effects of globalisation. This resulted in a change from the old psychological contract to a new contract. Individual offered: Organisation expected: Loyalty Loyalty In-depth knowledge of organisation Staff with a deep understanding of how the business functioned Acceptance of bureaucratic systems that defined the individuals rate of progress Willingness to build a career slowly through a defined system Willingness to go beyond the call of duty when required Individuals who would put the organisations needs before any outside interests Individual expected: Organisation offered: Job security Job security Regular pay increases Regular pay increases based on length of service Recognition for length of service Status and rewards based on length of service Recognition of experience Respect for experience Table 3: Adapted from Pembertons model of the psychological contract (1998) Table 3 represented above describes the characteristics of the old psychological contract where the organisation provided job security and rewards based on length of service and the employees provided loyalty and commitment on their part. Sparrows (1996) interpretation of this new contract is outlined in table 4 below: Change vs Stability Continuous Change Culture Performance based reward Development Employees for self-development and increasing their employability. Emphasis on development of competencies and technical skills Rewards Paid on contribution Promotion Criterion Performance Promotion Prospects Fewer chances of promotion due to essentially flat organisational structures focus on sideways moves to develop a broader range of skills Relationship Type Transactional rather than relational; no job security guarantees Responsibility Accountability and innovation encouraged Status Fewer outward symbols Trust No longer seen as essential. Emphasis on engendering commitment to current project or team. Table 4: Adapted Sparrows new psychological contract (1996) These changes occurred against a background of economic hardship; redundancies were widespread, unemployment increasing and government focused on reducing trade union powers. The outcome was a more vulnerable and wary workforce. The economic climate forced companies to examine cost reduction as a means of sustaining or increasing profits. Human resource policies were cost effective rather than paternalistic. Staff were increasingly seen as resources who were useful for a specific role and either adaptable or replaceable when that role ended. The new contract is based on the offer of the employer to provide fair pay for the employee as well as providing opportunities for training and development. As a result of this, the employer can no longer offer Job security and as such has weakened the amount of commitment employees have to offer. Atkinson (2002) suggests that the new contract focuses on the need for highly skilled flexible employees who have little or no job security but are highly marketable outside the organisation. Bagshaw (1997) states that, in this new Psychological contract, individuals need to commit to five key areas which have both short term and long term views. They are Continuous learning, Team working, Goal setting, Proactive change management and Personal advocacy and networking (Bagshaw 1997 pg 188). He further argues that if these key areas are focused on, the employees will be raising their values of future employability. Furthermore, the common dialogue between the two parties with similar interests in mind will establish commitment and loyalty. The reasons for such changes were described by Herriot and Pemberton (1997) as the Restructuring and continuous change of organisations led to increased feelings of inequity and insecurity and as a result, motivation was affected negatively. Hall and Moss (1998) demonstrate the shifting of the psychological contract using three stages of adaptation. The first stage, they described as the trauma of change state and they argued that a lot of organisations go through this stage. The second stage they described as adapting to the new contract where they estimated a 7-year period may be needed in order to fully adapt to the new contract stressing its not a linear process and as such it is possible to fall back to previous states. The third stage is described by Atkinson (2002) as the point of gradual change and continuous learning, valuing the employee and offering loyalty to employees based on performance and development. This stage seeks to avoid the trauma of the changing contract by offering fundamental respect for the individuals involved. Hall and Moss (1998) argue that changes to the psychological contract are possible without going through the first and second stages if handled appropriately. Atkinson (2002) further develops two concepts that emerge from long term management of the contract. The first is that organisations that are successful will provide opportunities and resources to enable individuals to develop their own careers through a relational approach. The second is that organisations will need to be more effective in renegotiating contracts and minimising risks of violating contracts (Rajan, 1997). This is because violating contracts will have negative impacts on employee attitudes and motivation. 2.4 Employer and Employee Perceptions Shore and Barksdale (1998) describe a productive employment relationship as one in which a degree of balance in perceived employee-employer obligations exist. This degree of balance suggests a mutual supporting relationship in which employees offer their skills and organisational commitment in return for rewards from the organisation. Winter and Jackson(2006) argue the need to consider both employer and employee perspectives, they suggested that it will enable investigation into the perceptions of mutuality of both parties and through this process, evaluate how well the employer has fulfilled his obligations to the employees and vice versa. Rousseau (1995) states that psychological contracts are formulated in the minds of the individuals and as a result reflect individual beliefs shaped by the organisation in regards to exchange terms between the employee and the organisation (Winter and Jackson 2006). Rousseau (1995) stresses the need for a link between the employees promises and obligations towards the organisation and that of the employer towards the employee. This is because of the differences in perceptions of both employers and employees of what constitutes the conditions of a reciprocal exchange agreement (Winter and Jackson 2006). Figure 1 Contracting Transitions (Herriot et al 1998 pg 102) Figure 1. Above describes the employment relationship of both employer and employee with transitions employees are likely willing to make and what they are able to offer in return. Herriot (1998) describe the process of contracting and negotiating between the employer and employee with a need for organisations to discover individual or group wants and match them with their own wants and offers through negotiation. Holbeche (1998) describes what employers perceptions of employees obligations are, as: Employees will take responsibility for managing their own careers Be loyal and committed Be dispensable when they are surplus to requirements Be adaptable and willing to learn new skills and work processes Holbeche (1998) further suggests the main components of employee expectations as: To be more employable in exchange for job security For organisation to support career development in return for loyalty For high skills and expertise to be recognised and duel rewarded According to Armstrong and Stephens (2005), a positive psychological contract is strongly linked to higher employee satisfaction, better employment relations and higher commitment to the organisation. They further suggest how performance management processes can help clarify the psychological contract and make it more positive through: Defining the level of support to be exercised by managers. Providing non-monetary rewards that reinforce the messages about expectation. Providing a basis for the joint agreement and definition of roles. Providing financial rewards through schemes that deliver messages about what the organisation believes to be important. Shields (2007), states, trust has been discovered to be a critical factor in employee behaviour and outlook. He further argues that when the level of trust between employers and employees fall, employee commitments and satisfaction deteriorate as well as motivation and effort. Guest and Conway (1997) outlined the following set of practices as having the most positive influence on employee work attitudes and behaviour and they are: Job security Training Opportunities High Pay Open communications Employee involvement programs According to Turnley et al (2003), psychological contract breach results in a number of negative results which include, lower levels of employee commitment, increased cynicism, reduced trust, reduced job satisfaction and high turnover. 2.5 Employee Motivation and the Psychological Contract Employee Psychological contracts are defined by Flannery (2002) as the important additional component to an employees job description which makes the job worth doing and reflects the main source of employees motivation. These contracts are part of what motivates employees to be productive at work and enables them to give their all at work. Shore and Barksdale (1998) discovered that employees reported higher levels of commitment, lower levels of turnover and higher organizational support when their employment relationships with their organisations were fulfilled. Rousseau (2004) suggests three ways in which employees design their own psychological contract. First, through their career aspirations, employees make different commitments to the organisation based on whether they view it as a long term employment possibility or a short term one which they need to move on to attain better opportunities. Employees with a stepping stone perspective tend to adopt transactional contracts while employees with long term employment possibilities tend to be more relational in contract nature. The second determinant is the personality of the individual, employees that are highly neurotic will tend to adapt more transactional contracts because they tend to reject actions by organisations to build relationships while conscientious workers on the other hand who possess great value for duty are more likely to have relational contracts. Thirdly, Rousseau states that employees who have negotiated special arrangements that are not usually available to others usually believe they relational contracts. This is because they have negotiated for opportunities for training and development which are special arrangements and a feature of relational contracts. A survey conducted by Guest and Conway (1997) on The Motivation and effort of employees discovered that the more motivated employees had a more positive psychological contract which presupposes that employees who are satisfied with their jobs and committed to their organisations report higher levels of general motivation so also do those with a positive psychological contract (Guest and Conway 1997). It was also discovered that attitudes have the highest influence on reported levels of motivation. Osteraker (1999) suggests there is a link between values and needs stating that individual needs, influence motivation and those needs determine how individuals will behave. Osteraker (1999) further stresses that values and attitudes can change over time due to a change in the organisation such as downsizing and restructuring.   2.6 Culture Hofstede (1984) suggests that different cultures imply different mental programming that controls activities, values and motivations. Therefore, organisational commitment is a psychological state that characterises the employees relationship with the organisation (Kong 2007). Culture is described as consisting of a system of values, attitudes, belief and behavioural meanings shared by members of a society (Thomas et al 2003). According to King and Bu (2005) employees of different cultural traditions and socio-economic environments are more likely to have very different perceptions on employer-employee relations. The type of psychological contract that individual employees will form with their employers is influenced by the personality traits, societal values and cultural norms of that particular individual (Raja et al 2004). This further implies that individual personality traits and cultural norms could provide a system that will explain why employees facing similar work environment and work conditions may form very different employment relationships with their employers (Zhao and Chen 2008).   These norms, values and beliefs provide a framework that will determine the way individuals behave and act accordingly. Individualism is defined by Gould and Kolb (1964) as an emphasis on ones self as separate from the others and an end in itself. The individual is independent and self reliant believes in self development and competition. In collectivism, the self often overlaps with a group. The main focus is on cooperation with a group, interdependence, social norms with the group comprising of t he main unit of social perception with individuals viewed as embedded in a universe of relationships (Lebra 1984). According to Thomas et al (2003)   individualism refers to the tendency to be more concerned about consequences of behaviours of ones personal goals through viewing oneself as independent of others while collectivism on the other hand refers to view oneself as interdependent with selected others with consequences of behaviour for the group as a whole and group interest. Research carried out by Zhao and Chen (2008) discovered, that individuals with an individualistic cultural value tended to form more transactional psychological contracts while people with a collectivism cultural value formed more relational contracts. It was discovered that collectivism motives tend to avoid differentiation and focus on relational contracts while self motives were more transactional in nature. This goes in line with research conducted by Lee (2000) where it was discovered that relational contracts are more likely related to behaviour in work groups in Hong Kong than in the United States. 2.6.1 Culture, Personalities and the Psychological Contract Rousseau (1995) outlines the two most important influences of employees psychological contract and they are both the organisational influences and employees personal dispositions. According to Tallman and Bruning (2008), the way employees interpret information from their employers, their observations of actions and activities in the workplace, together with their personal dispositions are theorised to create idiosyncratic contract attitudes in the minds of employees. Additionally, if management understand the factors that influence the development of employee psychological contracts, they may be able to manage these contracts more effectively (Tallman and Bruning 2008). Research carried out by Raja (2004) established a link that connected several facets of employee personality to their psychological contracts. Their research examined personality traits, including extraversion, conscientiousness and neuroticism and the extent to which these personality constructs related to employees choice of a transactional and relational psychological contracts. People high in neuroticism have poor job attitudes and they are unlikely to give of themselves other than what is necessary to maintain their jobs (Tallman and Bruning 2008). Kichuk and Wiesner (1997) further argue that people high in neuroticism are fearful, angry and functions as poor team performers with poor attitudes towards change. N

Comparing and Contrasting Hughess Mother to Son and Wilburs The Write

Comparing and Contrasting Hughes's Mother to Son and Wilbur's The Writer Whether life is a steep climb up a shaky stairway or a challenging voyage over rough seas, a parent hopes a child will persevere to the end. In Langston Hughes's poem "Mother to Son" and in Richard Wilbur's poem "The Writer," the poets use the voice of a parent considering a child's future, and both use imagery of struggle and survival to suggest what lies ahead for the child. Although the point of view, context, and language of the two poems differ significantly, the message is the same: a parent wants a good life for his or her child, but knows that many obstacles can block the way. While Hughes and Wilbur share a similar message in their poems, their points of view are very different. Hughes uses a first-person narrator, a mother speaking directly to her son. The title of the poem itself, "Mother to Son," states this point of view. The reader is listening in on a one-on-one conversation. The opening line introduces the mother's monologue: "Well, son, I'll tell you." The point of view stays consistent as the mother describes what life's stairway has been like for her: "Life for me ain't been no crystal stair" (2 and 20), and urges her son to do as she has done: "I'se still climbin'" (19). She addresses her son directly throughout the poem, calling him "son" (1), "boy" (14), and "honey" (18). The poem is entirely in the mother's speaking voice, with the informalities of someone speaking privately to a close relative and the grammatical errors of someone who is probably not well educated. Richard Wilbur's poem is also written in the first person, but the narrator does not address his daughter directly until the final stanza (31-33). The first thir... ...s her message across in twenty short, simple lines. Both "Mother to Son" and "The Writer" offer a parent's sincere message to a child. However, the poems' points of view, contexts, and language show two parents who have traveled very different paths before offering their messages. The reader sees that parents' hopes and concerns for a child are universal, even though their expression differs. Works Cited Bixler, Frances. Richard Wilbur: A Reference Guide. Boston: G.K. Hall 1991 Hughes, Langston. "Mother to Son." Literature and Ourselves: A Thematic Introduction for Readers and Writers. Eds. Gloria Mason Henderson, Bill Day, and Sandra Stevenson Waller. 4th ed. New York: Longman, 2003. Wilbur, Richard. Responses. Prose Pieces: 1953–1976. New York: Harcourt Brace Jovanovich 1976 – New and Collected Poems. New York: Harcourt Brace Jovanovich 1988

A Tree Grows in Brooklyn :: essays papers

A Tree Grows in Brooklyn Francie Nolan, A Questing Hero In the fictional novel, A Tree Grows in Brooklyn, Betty Smith tells the life experiences of one girl growing up in Brooklyn, New York. The main character of the book, Francie, fulfills the pattern of a questing hero. Smith leads the reader through the high points of Francie's life as well as the low. One learns of all the obstacles Francie accomplished and while reading, begins to love and appreciate the girl. The reader is first introduced to Francie when she is at the age of eleven. Francie is an average, normal girl growing up in Brooklyn in the year 1912. She doesn't have many friends and her family doesn't have much money, however she enjoys reading and is constantly finding ways to amuse herself. Being as young and innocent as she is, life seems nearly perfect for Francie. Eventually though, Francie realizes that this isn't the case and, in a sense, looses a bit of her innocence. On her thirteenth birthday, Francie starts to write in a journal. She begins by writing, "Today I am a woman". In just too short years, Francie grew, learned, and changed immensely. She is a completely different person than the one who existed two years earlier, both physically and mentally. Francie learned the serious and nearly devastating news that her father is a drunk, and she begins writing entries in her journal such as 'Jan 10: Papa sick today'. In her journal, Francie also wrote about her curiosity with sex. By this point in the book, Francie is no longer the girl that the reader first met, but she is now a young woman. Although under a fake identity, Francie begins attending school and finds that she truly enjoys it. However, on her way home from school one day, at age fourteen, Francie experiences a horrific moment, one that can never be forgotten. She was molested and nearly raped by a neighborhood sex fiend. As if not traumatizing enough, Francie also watched her mother shoot the man in her defense. Not long after this, an even greater event takes place in Francie's life. She is informed of her father's death, that she is told had been caused of pneumonia. Coping with her father's death is a struggle, yet Francie begins to live life again with the love of her family and by keeping herself preoccupied with other tasks.

Unleashing the Vortex of Marketing

Basically, marketing revolves around the vortex of financial gain mixed with the never ending maze of public relation skills and forecasting methods.   In first sight, it may sound easy to have a product sold on the market—but on real issues and basis on testimonies from those who are under the schema of marketing and commerce, the challenge comes in a full turn of abilities and finesse.   Perceivably, an individual who does not possess the skill to persuade and create a dimension of intellectual connection over the consumers, then it may be evaluated as an employer or a producer with empty pockets and shallow hands. The world of commerce is vast and vague; one who does not get a ticket to the â€Å"clear† vision on that field will eventually end up on the banquet with rugged clothes, per se.   In further illustration, marketing is like a â€Å"battle of tycoons† the targets are on the center—the consumers—and the probability of having that â€Å"target† get on one’s sleeve is to outweigh all the other players of the realm—consequently a hard task since there are those who may be as competent as you are or rather one’s product is highly focused by the consumer in some instance. Moreover, the idea that every customer is in different markets at different times and different places is not as heretical as it initially might sound. For instance, newspaper publishers have long recognized that most of their customers have more leisure time on Sundays to read the paper and accordingly have filled that edition with a greater number and wider variety of stories. Similarly, airlines, hotels, and car-rental companies find that the desires of their clients differ greatly depending on whether they are traveling for business or for leisure—and differ yet again when they combine the two. One executive at a major airline remarked, â€Å"We've even found that the needs of business travelers differ depending on whether they are going to or coming from a meeting.† In the apparel industry, a given customer could be in the market for casual wear at one time and for business attire at another (Vitale, 1998). Reference Vitale, J. G. (1998). There's a Customer Born Every Minute: P.T. Barnum's Secrets to Business Success. New York: AMACOM Books.      

Mini case solution Essay

The keys to the company’s future value and growth are profitability (ROE) and the reinvestment of retained earnings. Retained earnings are determined by dividend payout. The spreadsheet sets ROE at 15% for the five years from 2006 to 2010. If Reeby Sports will lose its competitive edge by 2011, then it cannot continue earning more than its 10% cost of capital. Therefore ROE is reduced to 10% starting in 2011. The payout ratio is set at .30 from 2006 onwards. Notice that the long-term growth rate, which settles in between 2011 and 2012, is ROE Ãâ€" ( 1 – dividend payout ratio ) = .10 Ãâ€" (1 – .30) = .07. The spreadsheet allows you can vary ROE and the dividend payout ratio separately for 2006-2010 and for 2011-2012. But let’s start with the initial input values. To calculate share value, we have to estimate a horizon value at 2010 and add its PV to the PV of dividends from 2005 to 2010. Using the constant-growth DCF formula, The PV of dividends from 2005 to 2010 is $3.43 in 2004, so share value in 2004 is: ​ The spreadsheet also calculates the PV of dividends through 2012 and the horizon value at 2012. Notice that the PV in 2004 remains at $16.82. This makes sense, since the value of a firm should not depend on the investment horizon chosen for valuation. ​We have reduced ROE to the 10% cost of capital after 2010, assuming that the company will have exhausted valuable growth opportunities by that date. With PVGO = 0, PV = EPS/r. So we could discard the constant-growth DCF formula and just divide EPS in 2011 by the cost of capital: ​The keys to the company’s future value and growth are profitability (ROE) and the reinvestment of retained earnings. Retained earnings are determined by dividend payout. The spreadsheet sets ROE at 15% for the five years from 2006 to 2010. If Reeby Sports will lose its competitive edge by 2011, then it cannot continue earning more than its 10% cost of capital. Therefore ROE is reduced to 10% starting in 2011. The payout ratio is set at .30 from 2006 onwards. Notice that the long-term growth rate, which settles in between 2011 and 2012, is ROE Ãâ€" ( 1 – dividend payout ratio ) = .10 Ãâ€" (1 – .30) = .07. The spreadsheet allows you can vary ROE and the dividend payout ratio separately for 2006-2010 and for 2011-2012. But let’s start with the initial input values. To calculate share value, we have to estimate a horizon value at 2010 and add its PV to the PV of dividends from 2005 to 2010. Using the constant-growth DCF formula, The PV of dividends from 2005 to 2010 is $3.43 in 2004, so share value in 2004 is: ​​The spreadsheet also calculats the PV of dividends through 2012 and the horizon value at 2012. Notice that the PV in 2004 remains at $16.82. This makes sense, since the value of a firm should not depend on the investment horizon chosen for valuation. ​We have reduced ROE to the 10% cost of capital after 2010, assuming that the company will have exhausted valuable growth opportunities by that date. With PVGO = 0, PV = EPS/r. So we could discard the constant-growth DCF formula and just divide EPS in 2011 by the cost of capital: ​The keys to the company’s future value and growth are profitability (ROE) and the reinvestment of retained earnings. Retained earnings are determined by dividend payout. The spreadsheet sets ROE at 15% for the five years from 2006 to 2010. If Reeby Sports will lose its competitive edge by 2011, then it cannot continue earning more than its 10% cost of capital. Therefore ROE is reduced to 10% starting in 2011. The payout ratio is set at .30 from 2006 onwards. Notice that the long-term growth rate, which settles in between 2011 and 2012, is ROE Ãâ€" ( 1 – dividend payout ratio ) = .10 Ãâ€" (1 – .30) = .07. The spreadsheet allows you can vary ROE and the dividend payout ratio separately for 2006-2010 and for 2011-2012. But let’s start with the initial input values. To calculate share value, we have to estimate a horizon value at 2010 and add its PV to the PV of dividends from 2005 to 2010. Using the constant-growth DCF formula, The PV of dividends from 2005 to 2010 is $3.43 in 2004, so share value in 2004 is: ​​The spreadsheet also calculates the PV of dividends through 2012 and the horizon value at 2012. Notice that the PV in 2004 remains at $16.82. This makes sense, since the value of a firm should not depend on the investment horizon chosen for valuation. ​We have reduced ROE to the 10% cost of capital after 2010, assuming that the company will have exhausted valuable growth opportunities by that date. With PVGO = 0, PV = EPS/r. So we could discard the constant-growth DCF formula and just divide EPS in 2011 by the cost of capital: The keys to the company’s future value and growth are profitability (ROE) and the reinvestment of retained earnings. Retained earnings are determined by dividend payout. The spreadsheet sets ROE at 15% for the five years from 2006 to 2010. If Reeby Sports will lose its competitive edge by 2011, then it cannot continue earning more than its 10% cost of capital. Therefore ROE is reduced to 10% starting in 2011. The payout ratio is set at .30 from 2006 onwards. Notice that the long-term growth rate, which settles in between 2011 and 2012, is ROE Ãâ€" ( 1 – dividend payout ratio ) = .10 Ãâ€" (1 – .30) = .07. The spreadsheet allows you can vary ROE and the dividend payout ratio separately for 2006-2010 and for 2011-2012. But let’s start with the initial input values. To calculate share value, we have to estimate a horizon value at 2010 and add its PV to the PV of dividends from 2005 to 2010. Using the constant-growth DCF formula, The PV of dividends from 2005 to 2010 is $3.43 in 2004, so share value in 2004 is: ​ ​The spreadsheet also calculates the PV of dividends through 2012 and the horizon value at 2012. Notice that the PV in 2004 remains at $16.82. This makes sense, since the value of a firm should not depend on the investment horizon chosen for valuation. ​We have reduced ROE to the 10% cost of capital after 2010, assuming that the company will have exhausted valuable growth opportunities by that date. With PVGO = 0, PV = EPS/r. So we could discard the constant-growth DCF formula and just divide EPS in 2011 by the cost of capital: ​ ​