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Thursday, August 27, 2020
Dream and Reality in The Metamorphosis Essay Example
Dream and Reality in The Metamorphosis Essay The Samsa family around the incredible creepy crawly is nothing else than average quality encompassing virtuoso. Gregor Samsa (articulated Zamza), the hero, has for his folks Flaubertian philistines. They are commonly intrigued by the material side of life and have poor preferences for different respects. Around five years back, father Samsa loses all his cash, which powers child Samsa to function as a voyaging sales rep in fabric for one of his fatherââ¬â¢s lenders. The full duty of the family falls on youthful Samsaââ¬â¢s bears as his dad would not work any longer, his younger sibling Grete being too youthful to even think about working and his mom tormented with asthma. Samsa likewise finds a loft for the family to live in. Gregor is moving more often than not, however does put in a couple of evenings daily at home. It is in one such event that the accompanying awful thing occurred: ââ¬Å"As Gregor Samsa got up one morning from a disturbed dream he ended up changed in his bed into an immense creepy crawly. He was lying on his hard, so to speak defensive layer plated, back and when he lifted his head a little he could see his vault like earthy colored stomach isolated into folded fragments on which the bed blanket could scarcely keep in position and was going to slide off totally. His various legs, which were sadly slim contrasted with the remainder of his mass, glinted and sparkled weakly before his eyes. What has befallen me, he thought. It was no dreamâ⬠¦.â⬠We will compose a custom article test on Dream and Reality in The Metamorphosis explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on Dream and Reality in The Metamorphosis explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on Dream and Reality in The Metamorphosis explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer There is a great cadenced sound to this marvelous account entry. Gregor is half-snoozing and bit by bit understands that the change is in reality genuine and no bad dream. It additionally happens to him that he despite everything holds his human recollections and human subjective limit, which implies that the change is fragmented (Grunbein). ââ¬Å"Ach Gott, he thought, what a debilitating activity Iââ¬â¢ve singled out! Going about day in, day out. A lot a larger number of nerves out and about than in the workplace, the plague of stressing over train associations, the terrible and sporadic dinners, easygoing colleagues gone forever, never to become personal companions. The damnation with it all!â⬠The transformation, however stunning and striking, is yet grounded in all actuality. For instance, when we hit the hay regularly in new environmental factors, we are hope to feel a snapshot of shock on awakening â⬠an unexpected feeling of illusion, and this experience must happen more than once over in the life of a voyaging sales rep. It is the kind of thing that understands coherence in life outlandish, as the feeling of reality relies on progression, upon span. Likewise, arousing as a huge creepy crawly is comparable essentially to arousing as Julius Caesar or Benjamin Franklin (Preece 23). Kafka realizes a harsh tone to the story by utilizing a wide scope of abstract gadgets. The story includes a basic similarity between a man (most likely Kafka himself) and a good natured monster creepy crawly, where the previous is attempting his hardest to satisfy the desires for his relatives yet unavoidably bombs because of his psychological confinement. Strikingly, Kafka never really specifies what sort of a creepy crawly is Gregor, which is one gadget of declining to recognize any genuine change in him. On the off chance that Gregorââ¬â¢s absence of affirmation is representative of Kafkaââ¬â¢s perspective on himself, it at that point makes one wonder if Kafka was intellectually sick to a degree (Grunbein). Another striking part of the novella is the punctuation, which features the straight-imposition of the work, while giving the correct background to such a ground-breaking and upsetting activity. The ideal utilization of words ensures that there isn't a word too much. However, the authorââ¬â¢s virtuoso radiates through this exterior of indifferent, formal composition that he invested in. Use of symbolism is just every so often observed. Simultaneously the space gave to portraying Gregorââ¬â¢s tyrant and battle ready dad seems unbalanced to the rest. (Nabokov) ââ¬Å"â⬠¦from under the thick eyebrows his alarm bruised eyes flashed penetratingly; his recently tousled white hair was brushed level, exactingly separated and gleaming.â⬠Such a depiction of his dad just shows up after the change, recommending that such men can wear their illusionary quality just when somebody powerless is introduced to them to menace with. The authorââ¬â¢s cunning utilization of air highlights the scornful, recondite tone. The choked space of Gregorââ¬â¢s room with just a window for alleviation is the place most activity happens. As the story advances Gregor loses his capacity to try and gaze out through the window. Every section closes with the hero getting away from the cell that is his room and into the parlor, yet just instantly to be driven back by his family. On one such endeavor out of his room, Gregor concludes that he can't remain in there any longer. That second is critical in that he quickly bites the dust. The creator is suggesting that when an individual loses a feeling of having a place and abandons contact with others, he perishes, both truly and figuratively. This translation is even more substantial since Kafka himself drove the life of a recluse unfit to speak with others (Preece 112). The scholarly components are rendered complex by the amazingly grim style that Kafka receives. The portrayals of most characters are very level and donââ¬â¢t offer a lot of investigation all alone. Be that as it may, the character of Gregor is spread out in much detail and profundity. In a manner this distinction in delineation is closely resembling the distinction in the genuine profundities of these characters themselves. It presents Gregor as somebody at a much raised mental comprehension of himself and the world. He likewise appears to be somebody, whose qualities are grounded on all the more suffering parts of life (Nabokov). This essential distinction among him and the remainder of his family demonstrates conclusive and deadly and thwarts his demise. There is a moving arrangement in the last part, when the goliath bug that is Gregor turns out to be human to the point that he really builds up an ear for music. In his third endeavor to get away from his room, he is hypnotized by his sisterââ¬â¢s music. At this point, the creator intermissions to ask â⬠ââ¬Å"Was he a monster if music could move him so?â⬠The inquiry is, obviously, expository and the undeniable answer is â⬠ââ¬Å"Noâ⬠. He isn't generally a massive mammoth all things considered. On the off chance that anything the ââ¬Å"humansâ⬠that are his family are more brutal than he at any point was. Works Cited: Grunbein, D., Thirteen Ways of Looking at a Vermin: Metaphor and Chiasm in Kafkaââ¬â¢s The Metamorphosis, Nabokov, V., Franz Kafka:â⬠The Metamorphosis.â⬠Vladimir Nabokov: Lectures on Literature, The Kafka Project, Preece, J. The Cambridge Companion to Kafka, 2002, Cambridge University Press.
Saturday, August 22, 2020
In Othello, Shakespeare Explores The Relationship Between Words And Ev
In Othello, Shakespeare investigates the connection among words and occasions. Spoken idea, in the play, has all the intensity of activity; talking about an occasion will make that occasion become reality for the individuals who hear - it will influence reality as though that occasion had occurred. Shakespeare exhibits the intensity of words piercingly through Othello's monologs. Othello battles with the reality that Iago makes for him. At the point when Othello talks, he uncovers that he can't prevent himself from doing acts that Iago's and his own words have forecasted and started. Othello's monologs further show that even the information on the intensity of words can't shield the characters from the outcomes which the words request. Talking about an occasion is prescience in Othello, however it is something beyond a target prognosticating of things to come. Words become the almighty initiators of activity, when spoken they can't be balanced , only they decide the course of things to come. Othello's monolog before he kills Desdemona is an astounding entry to contemplate Shakespeare's proposition of how words identify with activity. 7 Put out the light, and afterward put out the light! 8 If I extinguish thee, thou flaring pastor, 9 I can again thy previous light reestablish 10 Should I atone me. However, when turned off thy light, 11 Thou cunning'st example of exceeding expectations nature, 12 I know not where is that Promethean heat 13 That can thy previous light relume: when I have culled the 14 rose 15 I can't give it crucial development once more, 16 It needs should wilt. ? (Othello, 5.2.7-16, p. 306) Shakespeare establishes the pace of the entry with one basic early on line, Put out the light, and afterward put out the light! The line starts: Put out the light, maybe it is a goal, maybe it is a basic revelatory comment. Whatever the case, it was spoken, what's more, the second piece of the line and afterward put out the light! transforms the basic articulation into a sequential marvel with a explicit message about idea and activity. Initial an occasion is depicted and afterward it becomes reality by activity. The curtness of the line stresses the clear and unbreakable relationship of words and activity. All through the play there are various instances of words which become inevitable outcomes for the individuals who hear them. Barbantio's words in the principal Act, Look to her, Moor, if thou hast eyes to see:/She has misdirected her dad, and may thee. (Othello, 1.3.293-294, p.154) become fundamental reality for Othello. The prediction of the old Egyptian lady to Othello's mom in respects to the hanky Othello provided for Desdemona additionally turns into Othello's world, despite the fact that Desdemona didn't really part with it. (Othello, 3.4.56-65, p.244) Finally Iago satisfies the prescience of his own words, I have't, it is induced! Damnation and night/Will carry this huge birth to the world's light. (Othello, 2.1.402-403, p.161) All of these cases fall into the example of words turning out to be basic real factors as comprehended through Put out the light, and the put out the light! Despite the fact that there is a such a ground-breaking articulation about the certainty of words prompting activity toward the start of the section, there is uncertainty and faltering tailing it legitimately. In the event that Othello follows his own model in Put out the light, and afterward put out the light! at that point there ought to be no thought or addressing how he should act once the thought has been induced, to utilize Iago's stating. It is hard to accommodate the following five lines of examining activity to the intense explanation in the primary line; anyway I think there are some intriguing supporting focuses which can be drawn from the following five lines. Right off the bat, while Othello considers the theoretical idea of what he is going to do, he not even once offers voice to an idea of deterrence. He intrigued by what he is going to do, pulled in to it (maybe the flame allegory for murdering Desdemona is itself a analogy for Othello's moth-like fascination in the fire expressed thoughts)- he moves towards his activity completely aware of the absolution of his choice. Othello discusses atoning when he discusses re-lighting the flame in just the vaguest terms, Should I apologize me. At the point when he talks about murdering Desdemona his language gets strong, However once put out thy light,/Thou cunning'st example of exceeding expectations nature,. Here, Othello verges on scrutinizing his settled game-plan. Curiously,
Friday, August 21, 2020
What is VantageScore
What is VantageScore What is VantageScore? What is VantageScore?You might think that your FICO score is the only credit score out thereâ"but youd be wrong!There are so many scores to keep track of these days! Sure, the Super Bowl score was low enough to keep track of without any trouble, but thatâs far from the only score out there. You have baseball scores, basketball scores, and, perhaps most importantly, your credit score.But now thereâs a new score on the block. Well, if twelve-years-old is new. Itâs called your VantageScore.So what exactly is this score, and do you have to worry about it? We spoke to the experts to find out!VantageScore: Origins.To understand the creation of the VantageScore, it helps to go back to the creation of the FICO credit score, i.e., THE credit score.As weâve explained before, lenders used to determine whether someone was credit-worthy on a very personal basis. If you wanted a personal loan from the town banker, you might have to get recommendations from other trustworthy individuals in said town.As banks and other lenders became national enterprises, it was less practical to check in with a potential clientâs neighbors to find out if they returned the tools they borrowed in a timely manner.That all changed in 1956 when mathematician Earl Isaac joined engineer Bill Fair to create Fair, Isaac, and Company. This new company began collecting financial information to create a standard credit scoring system that banks could reference when making their decisions.FICO continued to develop their credit scoring methods and in 1989, they introduced the modern FICO Score. The FICO credit score uses information gathered by the three major credit bureaus, Experian, Equifax, and TransUnion, to generate a number between 300 and 850.Cut to 2006, when those three credit bureaus decided they wanted to offer a score of their own to compete with the FICO score. They jointly created the VantageScore using their own distinct formula.âOriginally it was meant to be a much more consu mer-friendly score, based on the rating similar to school grades (A, B, C, D, F) rather than FICOâs 300-850,â explained Todd Christensen, education manager for Money Fit. Those grades were based on a 501 to 990 scale. The more recent iterations use a scale thatâs much more similar to FICOâs score.FICO took some issues with all of this and sued the company that administers VantageScore. After years in court, VantageScore emerged victorious and now stands as an alternative to FICO scores that lenders may consider.The Vantage advantage.Now that you know the history of the two credit scores, both alike in dignity, how do they differ today?âVantageScores are grouped into six categories and each category has a different influence on the credit score,â advised Katie Ross, Education and Development Manager at American Consumer Credit Counseling. âVantageScore is able to get a score from one monthâs history and an account that that has reported at least once in the last 24 m onths.âThis is in contrast with the FICO score, which requires at least six months of credit history to generate a score. The factors that go into creating a VantageScore are also not broken down in terms of percentages like they are for your FICO score.Ross told us roughly how heavily the different VantageScore factors are weighted:âPayment history: extremely influential.Age and type of credit: highly influential.Percentage of credit limit used: highly influential.Total balances and debt: moderately influential.Recent credit behavior and inquiries: less influential.Available credit: less influential.âSo are VantageScores a better way to assess credit-worthiness than FICO Scores? Itâs up for debate, though you likely wonât have a choice in the matter unless youâre the lender in a potential loan transaction.âThe problem is, it is essentially for âeducational purposesâ only, since no lenders that I know of actually use the score in their credit-based decisions,â Ch ristensen told us. âStill, it can serve some great purposes to help consumers.âThat may be quickly changing if VantageScore itself is to be believed. Theyâve found that there has been a 300 percent increase in use by lenders and other individuals or institutions looking to review applicantsâ credit scores. Thatâs why you might as well try to improve your VantageScore as well.How to take advantage of VantageScore.Thankfully, the steps youâll take to improve your VantageScore are all pretty similar to the steps youâd take to improve your FICO score.Weâll let Ross list those steps:âMake payments on time.Pay off your credit cards in full each monthnot just the minimum!Avoid credit card debt. Only spend what you can afford.Use credit for small, routine purchases and pay them off immediately.Limit the number of open accounts.Check credit reports remove errors.Beware of unsolicited increases to your credit limit.Donât max out your cards. Maintain a good credit utilizat ion ratio (donât exceed 30% of available credit).âIt might be hard enough keeping track of one credit score. Thankfully, as long as youâre paying your bills on time and using your credit responsibly, both of your scores should grow.Your credit score is important.Good credit is the foundation for a positive financial outlook. With a healthy score, you can borrow more money at lower rates and qualify for the best credit cards. Not only that, but itll help you get that sweet new apartment you have your eye on.If your credit score is lousy, on the other hand, youll find your lending options are pretty limited. Thats how people end up relying on short-term bad credit loans and predatory no credit check loans like payday loans, title loans, and cash advances to make ends meet.Thats something you really want to avoid. Trust us. To learn more about managing your credit score, check out these related posts and articles from OppLoans:How to Build Credit When You Have No Credit at AllNo Credit Card? Here Are 6 Ways You Can Still Fix Your Credit ScoreCredit Utilization Ratio: What It Is, Why Itâs Important, and How to Master ItWant to Raise Your Credit Score by 50 Points? Here Are Some TipsHave a question about credit scores? Let us know! You can find us on Facebook and Twitter.Visit OppLoans on YouTube | Facebook | Twitter | LinkedIN | InstagramContributorsAuthor and Accredited Financial Counselor ®, Todd R. Christensen, MIM, MA, is Education Manager at Money Fit (@MoneyFitbyDRS) by DRS, Inc, a nationwide nonprofit financial wellness and credit counseling agency. Todd develops educational programs and produces materials that teach personal financial skills and responsibilities to all ages. Having facilitated nearly two thousand workshops since 2004 on the fundamentals of effective money management, he based his first book, Everyday Money for Everyday People (2014), on the discussions, tips, stories and ideas shared by the tens of thousands of indivi duals and couples in attendance.Katie Ross joined the American Consumer Credit Counseling management team in 2002 and is currently responsible for organizing and implementing high-performance development initiatives designed to increase consumer financial awareness. Ms. Rossâs main focus is to conceptualize the creative strategic programming for ACCCâs client base and national base to ensure a maximum level of educational programs that support and cultivate ACCCâs organization.
Monday, May 25, 2020
Is Hydrofluoric Acid (HF) a Strong or Weak Acid
Hydrofluoric acid or HF is an extremely corrosive acid. However, it is a weak acid and not a strong acid because it does not completely dissociate in water (which is the definition of a strong acid) or at least because the ions it forms upon dissociation are too strongly bound to each other for it to act as a strong acid. Why Hydrofluoric Acid Is a Weak Acid Hydrofluoric acid is the only hydrohalic acid (such as HCl, HI) that is not a strong acid. HF ionizes in ââ¬â¹an aqueous solution like other acids:ââ¬â¹ HF H2O ââ¡â H3O F- Hydrogen fluoride does actually dissolve fairly freely in water, but the H3O and F- ions are strongly attracted to each other and form the strongly bound pair, H3O à · F-. Because the hydroxonium ion is attached to the fluoride ion, it isnt free to function as an acid, thus limiting the strength of HF in water. Hydrofluoric acid is a much stronger acid when it is concentrated than when it is diluted. As the concentration of hydrofluoric acid approaches 100 percent, its acidity increases because of homoassociation, where a base and conjugate acid form a bond: 3 HF ââ¡â H2F HF2- The FHF- bifluoride anion is stabilized by a strong hydrogen bond between hydrogen and fluorine. The stated ionization constant of hydrofluoric acid, 10-3.15, does not reflect the true acidity of concentrated HF solutions. Hydrogen bonding also accounts for the higher boiling point of HF compared to other hydrogen halides. Is HF Polar? Another common question about the chemistry of hydrofluoric acid is whether the HF molecule is polar. The chemical bond between hydrogen and fluorine is a polar covalent bond in which the covalent electrons are closer to the more electronegative fluorine.
Thursday, May 14, 2020
The Impact Of Great Britain On The Industrial Revolution
By Definition, a rapid major change in an economy (as in England in the late 18th century) marked by the general introduction of power-driven machinery, or by an important change in the prevailing types and methods of use of such machines.- Merriam- Webster This definition over simplifies the industrial revolution. In reality the Industrial Revolution was much more complex and encompasses many different aspects. With that said the events that led to the Industrial Revolution were even more complicated. How and why Great Britain was the first to lead the Revolution was multifaceted and involves many aspects of economic and social developments. The predisposition of easily acquired recourse and healthy state politics allowed Great Britain to prosper. A core piece of the Industrial revolution was the advent of new technology. This technology would increase the production and efficiency of all factories. As more and more people flooded the cities and towns the demand for more goods sk yrocketed pushing civilization into a new age. The Industrial Revolution was a cycle that feed itself, with need came technology and with technology came need and through this process arose new society. What led Great Britain to become the first country to star in the Industrial Revolution, comes down to a complex system of factors. Each aspect holds a major role in the contribution in the growth of the Industrial Revolution and of Great Britain. To begin with, for any civilization to develop,Show MoreRelatedThe Industrial Revolution Lead The Foundation For Some Of The Technology892 Words à |à 4 PagesThe Industrial Revolution The Industrial Revolution lead the foundation for some of the technology we have today. It is also created jobs for many, and made small cities double overnight. All those listed makes the Industrial Revolution seem great however it was not all too pleasant and many people from children to adults lost their lives due to this technology boom, over population also happen due to this revolution as well. Thankfully most of the awful things the Industrial Revolution createdRead MoreEssay about Great Britain and the Industrial Revolution830 Words à |à 4 PagesGreat Britain and the Industrial Revolution Why did Great Britain lead the Industrial Revolution? The Industrial Revolution of the 18th century changed Europe forever. At the front of this change was Great Britain, which used some natural advantages and tremendous thinking and innovation to become the leader of the Industrial Revolution. First, Britain had some tremendous natural attributes. It was naturally endowed with many deposits of coal and iron ore, which were used heavily inRead MoreThe Industrial Revolution in Europe1217 Words à |à 5 PagesInfrastructure, and the economic climate allowed Great Britain to seek new job opportunities and exploit new business ideas. In addition, literacy, public education and the middle class was rising immensely. Concepts like partnerships and selling shares were introduced during this time period. The process of the Industrial Revolution was rapid in Western Europe however, by the 1900 all of Europe was involved. Over all, the effects of the revolution changed the way materials are transported, how productsRead MoreThe Difference Of Interpretation On Coal Industry865 Words à |à 4 Pagesgeneration. In other words, great era could bring the honor of history for people. Especially for the industrial past, it is easier to motivate the nostalgic impulse. In Britain, coal re source not only influenced the development of industry and technology, but also improved peopleââ¬â¢s daily life and their working life in the past. According to research the history of Britain, there are three vital periods about coal industry including industrial revolution in Britain, Victorian Britain and de-industrializationRead MoreThe Invention Of The First Industrial Revolution1391 Words à |à 6 PagesThe First Industrial Revolution Envision living in a society dominated by factories that just recently transformed from arable land and farms. Imagine constantly hearing about brand new inventions and ideas that were deemed impossible only a few years ago. Visualize working long hours in cramped factories, in exchange for low pay and contagious diseases. For some people that lived during the age of industrialization, this was their reality of life. During the 18th and 19th century, the world wasRead MoreThe Positives And Cons Of The Industrial Revolution835 Words à |à 4 PagesIs the Industrial Revolution as Good as We Think It Is? Bill Gates once said, ââ¬Å"If you go back to 1800, everybody was poor. I mean everybody. The Industrial Revolution kicked in, and a lot of countries benefited, but by no means everyone.â⬠The Industrial Revolution was a period in the 18th century led by Great Britain that had a major influence in agriculture, scientific studies, manufacturing, and transportation. As said by Bill Gates, even though the Industrial Revolution benefited many partiesRead MoreThe Impact of the Napoleonic Wars on Industrialization810 Words à |à 4 PagesThe Napoleonic wars did have a large impact on industrialization in Britain, the United States and Europe as a result of realizations and actions taken to better their countries after the Napoleonic wars. Although the Industrial Revolution began in Britain during the 1700s it was boosted in the early 1800s after the Napoleonic wars because of reform that was needed. Industrialization then started spreading throughout Europe and into North Amer ica in the early 1800s. By the mid-1800s industrializationRead MoreThe Impact of The British Revolution on Society Essay example546 Words à |à 3 PagesThe British revolution had a great impact on the society. Various complicated machines tools were used in the production and rural-agricultural and commercial society to a progressive rural- industrial society, this period of time old ideas mere modified, not swept away and gradually new ideas took place. This thing helped Britain changing their city life, social class structure, the power of the British nation amongst rest of the world, the production of machinery, and the strength of the economyRead MoreIndustrialization in Great Britain: A New Era951 Words à |à 4 Pagesnew beginnings was created when industrialization swept through Great Britain starting in the 1760ââ¬â¢s. This vast transition included a change in hand production to machine production, brand new chemical and iron production processes, an improvement in water power, major increases in the use of steam power, the development of machine tools, and the conversion towards coal as the major source of fuel. Not only was ââ¬Å"he Industrial Revolution an evolving transformation in many sectors of the economyâ⬠(AtkinsRead MoreIndustrial Revolution Essay1051 Words à |à 5 PagesAs the Industrial Revolution took place, many drastic changesâ⬠¦ technological, social, economic, and cultural also occurred. The Industrial Age brought about a new order that gave rise to the world of skyscrapers, factories of mass-production, and electronic devices that we are accustomed to today. T he everyday lives of ordinary people underwent a dramatic change for the better. Before the Industrial Age, people lived very simple and hardworking lives. Any food or clothing they had was produced by
Wednesday, May 6, 2020
Case Study Example Xyz Corp. - 1461 Words
Case Study Sample DRAFT #1 Table of Contents Overview .........................................................................................................................1 Supplier ...........................................................................................................................2 About XYZ Corporation ...................................................................................................2 End User .........................................................................................................................2 About SAMPLE CO. ........................................................................................................2 Objectives of SAMPLE CO. Choosing XYZââ¬â¢s Online Recruitmentâ⬠¦show more contentâ⬠¦Sample Co. is a resource for businesses. The SAMPLE CO. s mission is to retain, expand and attract jobs, continuously improve State s business climate, and grow State businesses for the future. 2 10/13/04, M. Rembrandt Case Study Sample Objectives of SAMPLE CO. Choosing XYZââ¬â¢s Online Recruitment Solution ââ" º ââ" º ââ" º ââ" º ââ" º ââ" º To quickly create a mechanism for employers and job applicants to connect in an efficient manner To effectively increase awareness nationwide of job opportunities in State To increase the number of new visitors to the State.org site To have employers post jobs To have candidates post profiles to the site To have 44,000 new site visitors Quotes ââ" º ââ¬Å"We chose XYZ because we didnââ¬â¢t want to create the software ourselves, and they are a State company who could provide us with a complete, effective solution.â⬠Name, research and development coordinator, SAMPLE CO. ââ¬Å"Our new advertising campaign represents a dramatic shift in our economic development efforts from business to worker recruitment. Using XYZââ¬â¢s specially-designed software on our new Web site will provide a powerful tool in our efforts to attract high tech workers.â⬠Name, president and CEO of the Sample Organization ââ¬Å"With 60 leading Internet sites and over 20,000 organizations using XYZââ¬â¢s leading-edge technology, we feel that we can significantly help SAMPLE CO. inform professionals across the nation about jobs in State. We are thrilled to be part ofShow MoreRelatedEmployee Engagement4674 Words à |à 19 PagesIntroduction 1.1 XYZ Manufacturing, Inc. Our group has selected XYZ an affiliate of XYZ as our reference organization, focusing on the Company s sales business unit comprising of 330 employees. XYZ s business is the manufacturing, distribution, and sale of fast moving consumer goods. Approximately 70% of the Company s sales in the XYZ are through traditional privately owned and independent small retail stores distributed nationwide. Appendix A presents the organizational structure of XYZ sales businessRead MoreBUS475 final part 21763 Words à |à 8 Pagesï » ¿BUS/475 Capstone Final Exam part 2 Study Guide 1. The market opportunities most relevant to a particular company are those that Answer: offer the best growth and profitability. 2. Printing Equipment (NPE) produces equipment that helps to print newspapers and magazines. The company sells directly to printers and through wholesalers. Its salespeople negotiate prices with individual customers and often have to match competitors prices. NPE has a new product, the Gutenberg NP201, with some competitiveRead MoreBUS475 final part 2 1 1778 Words à |à 8 Pagesï » ¿BUS/475 Capstone Final Exam part 2 Study Guide 1. The market opportunities most relevant to a particular company are those that Answer: offer the best growth and profitability. 2. Printing Equipment (NPE) produces equipment that helps to print newspapers and magazines. The company sells directly to printers and through wholesalers. Its salespeople negotiate prices with individual customers and often have to match competitors prices. NPE has a new product, the Gutenberg NP201, with some competitiveRead MoreHostile Takeover and Ethics6769 Words à |à 28 Pagesgrounds, it went as planned. In a Hostile Takeover, all the stakeholders of the target company suffer at the expense of the acquirer company. The employees run the risk of losing their jobs; the shareholders run the risk of losing their investment in case the price of the shares fall; the suppliers run the risk of being discontinued from giving further supplies. Sometimes it is the shareholders of the target company who help in the hostile takeover by selling their shares to the target company for personalRead MoreEssay about The Pros and Cons of Outsourcing3739 Words à |à 15 Pagesmanager may face when deciding whether to outsource. I have chosen references to support this text that are both academic and colloquial. Indeed it was a discovery to learn that Outsourcing had become a well-developed academic area of study. My prior study of the subject revolved around personal conversations and non-academic magazine articles. It may be interesting to note that an internet search using key words, privatization + government in both Yahoo and Dogpile failed to bring up aRead MoreTypes Of Project Selection Models6139 Words à |à 25 PagesQuestion # 1 (25 points): Briefly summarize two types of project selection models. Provide examples of each and indicate how they apply to projects. Be logical and analytical on your respond. Types of Project Selection Models: Of the two fundamental types of choice models (numeric and nonnumeric), nonnumeric models are more seasoned and easier and have just a couple subtypes to consider. We analyze them first. à ·Non-Numeric Models: These incorporate the accompanying: 1. The Sacred Cow: For thisRead MoreA Study On Traumatic Brain Injury6523 Words à |à 27 Pagesdescriptions were improved. Previous studies have shown that the brain tissue is anisotropic (citealt{Arbogast1998,Prange2002,Ning2006,hrapko2008}). parindent{ }Tissue anisotropy plays a significant role in accurately predicting the extent as well as the location of the white matter damage (citealt{wright2012}). Table~ ef{tab:1} shows a list of finite element studies that included diffusion tensor imaging tractography in the injury analysis. Most of the studies (citealt{colgan2010, wright2012Read MoreFnce2999 Words à |à 12 Pagesafter you complete Lesson 12. There are 12 questions in this assignment. The break-down of marks for each question is presented in the table below. Please show all your work as this will help the marker give you part marks as well as serve as a good study aid as you prepare for the Final Examination. Question | Marks Available | Reference | 1 | 5 | Lesson 10 | 2 | 5 | Lesson 10 | 3 | 5 | Lesson 10 | 4 | 5 | Lesson 10 | 5 | 10 | Lesson 11 | 6 | 15 | Lesson 11 | 7 | 10 | Lesson 11 | 8 | 10Read MoreA Study On Traumatic Brain Injury6523 Words à |à 27 Pagesdescriptions were improved. Previous studies have shown that the brain tissue is anisotropic (citealt{Arbogast1998,Prange2002,Ning2006,hrapko2008}). parindent{ }Tissue anisotropy plays a significant role in accurately predicting the extent as well as the location of the white matter damage (citealt{wright2012}). Table~ ef{tab:1} shows a list of finite element studies that included diffusion tensor imaging tractography in the injury analysis. Most of the studies (citealt{colgan2010, wright2012Read MoreA Study On Traumatic Brain Injury6528 Words à |à 27 Pagesdescriptions were improved. Previous studies have shown that the brain tissue is anisotropic (citealt{Arbogast1998,Prange2002,Ning2006,hrapko2008}). parindent{ }Tissue anisotropy plays a significant role in accurately predicting the extent as well as the location of the white matter damage (citealt{wright2012}). Table~ ef{tab:1} presents a list of finite element studies that included diffusion tensor imaging tractography in the injury analysis. Most of the studies (citealt{colgan2010, wright2012
Tuesday, May 5, 2020
The Case Analysis of Enron
Question: Discuss about the The Case Analysis of Enron. Answer: Introduction This report is about the analysis of the bankruptcy of the Enron Corporation. This is an American energy company based in Houston. The bankruptcy was one of the largest bankruptcies in the world which led to the dissolution of Arthur Andersen, which was one of the largest accountancy and audit partnerships across the globe. The event was not only the biggest bankruptcy; undoubtedly it was the largest audit failure. The company is one of the most famous companies in the world but also one of the companies which fell down too fast. There were several reasons for the failure of the audit program and the bankruptcy of the company. Major reasons of the bankruptcy of the company were inefficient management, accounting fraud and conflict of interest. The company had some severe issues regarding the responsibilities from the side of the management of the company. Due to these reasons, the company has lost the high reputation in the global market and became bankrupt which became one of the mo st famous negative news in the world. There were some faults from the individual person and the whole management committee of the company for which the incident happened. In this report, the reasons behind the problem have been analyzed with the use of relevant theories of the organizational behavior and leadership style. After analyzing the problems some solutions have been given as the alternatives for resolving the issues. The alternative solutions are again analyzed for the selection of the best solution for handling the issues. The problem: Before the bankruptcy in 2001, the company was worlds leading company in the sections of natural gas services, electricity services, paper and communication services. The annual revenue of the company rose from $9 billion to $100 billion in between the year of 1995 to 2000. After the great rise in the business, the company faced the highest level of failure (Carnegie Napier, 2013). In the last section of 2001, they revealed that the reported financial condition was sustained by systematic and creatively planned by accounting fraud. In the first section of 2000, the share price of the company was $90 per share and in the end of year, the price got down to less than $1 per share. This fall was the reason of losing almost $11 billion of the shareholders of the company. After that incident, the company changed its financial statement that they have faced lose almost $586 million. After that the company faced the bankruptcy in December 2, 2001 (Steffensmeier, Schwartz Roche, 2013). One of the major problems faced by the company was the internet boom; they failed to properly analyze the recent trend of the internet regarding different kinds of new businesses. There was another problem which was regarding the type of investigation done by the executives like Mr. Skilling. He pointed out questions regarding the balance sheet of the company but did not give deep focus in the area of the open investigation of the proper documentation of the analysis of the internet information. The open investigations regarding all type of business operations and decision making process could lead the company to a better posit5on in the global market (Markham, 2015). Another major problem faced by the company was becoming too evident in the recent years: Wall Streets loss of objectivity. Investment banks were able to make more money from the investment deals and merger operations than from the broker fees. One common problem faced in this area is the conflicting loyalty regarding the analysis. The organizations may have the problem when an executive found some reports obsessive and some of the analysts found those helpful. Major causes behind the problem and alternative solutions: Truthfulness: Lack of truthfulness from the management end of the company regarding the health of the company was one of the major reasons behind the bankruptcy. As per the executive director of Markkula Center for Applied Ethics, Kirk Hanson this was the main reason of the bankruptcy of Enron. According to him the organization had to be the best in every type of activities and should protect the compensation and reputation. There was lack of evidence regarding the announcement of rising tendency of the stock and disclose of selling the stock by the CEO. Moreover the employees were unable to learn the selling activities of the stocks within days or weeks (Markham, 2015). After the investigation of the bankruptcy of the company, the shareholders were able to learn the sale of the CEOs stock when the sell-off would otherwise disclosed. It was a huge delay. The stock was sold to the company for repaying the amount owed by the CEO of Enron. This was qualified as an exception under the general director and officer disclosure document. This was not required to be reported until 45 days later the ending of the financial year of the company (McLean Elkind, 2013). In order to resolve this issue, the company should take the necessary steps at the time of announcing the sale. The shareholders should be properly informed about the actual condition of the stocks and the way of selling the stocks. Information transparency among the shareholders is a vital fact in this type of area. Another problem was the documentation or the discloser requirement. Normal director and officer disclosure was not enough for this type high risk decisions. The decision needed to be taken under proper legal documentations and the reports were required immediately. Interest: Conflict of interests was a major issue of the company. Beside the conflict interests, lack of independent oversight of management of Enron played an important part in the firms collapse. The conflict of interest happened between two roles played by Arthur Anderson. He played the role of auditor of the company but also as a consultant to the company. At the time of investigation, Enron sought to salvage the business through spinning off different types of assets (Zhang, Xiong Shen, 2013). The firm had narrow minded focus in the area of the earnings growth and price of the stock. Besides this recent regulatory changes focused on increasing the accounting ability and strengthening the internal accounting and control system. The existing chairman of the company Kenneth Lay who was the chief executive also, has resigned and Stephen Cooper was the new chief executive. The restructuring of the business resulted in a complex tie up business with UBS Warburg. The agreement was that they will share some of the profit amount but has not paid for the trading unit (McLean Elkind, 2013). In this context, the restructuring was not done properly by the new chief executive. It is quite difficult to restructure an organization for a person who does not know so much regarding the operations previous operations within the organizations. The restructuring may be most successful if the person who is doing the activities is familiar with the operational environment of the organization and knows all the pros and cons. Therefore, it can be concluded that the organizational restructuring needed to be done after some time of the joining of the new CEO (Bushman et al., 2015). The new decisions required to be taken after he understood all the perspectives of the situations. The tie up business was also not profitable as the bank has not pay for the trading unit. Although they were agreed to share the profit, still was a loss as this unit was one of the main business activities of the company. In this type of cases, any business organization should understand the profit level from t he business unit and should not tie up over this type of business deal. Market Analysis The Enron was public listed company associated with government bodies and also manages by market pressure, under maintenance of government authorities and also regulated by private associated companies and their associates like external auditors, equity analysts and also several credit rating agencies. The external governance of the company is basically depends upon the supportive and trustworthy nature of external auditors. There are several biased auditors who are taking benefits to approved contract for the company in unethical ways. The unethical behaviour of appointed auditors of the Enron basically sell their assets at higher prices but doing manipulation to in their financial statement while showing profit of the company. Enron Company basically hides their profitability and applies for higher loan from financial institutions which is one of the primary causes for bankruptcy in the market. Company has been shown better profitability scenario in front of market investors to generate more business fund specifically. The business traders of the company Enron has been force to forecast higher future cash flow and lower discount rates for the company Enron for long period of time. The traders company are benefited by the company in unauthorised pattern. In the actual projected long run income of the company is totally positive and inflated, which is manipulated by the organization for hiding profit from government authorities. The special purpose entity According to the accounting policies followed by the organization Enron required to exclude special purpose entity in the stated financial statement for that specified year of time. The independent financial parties of the company required to be controlled by special purpose entity. And also they were owns minimum 3 percentage for special purpose entity. Enron Company has been found an unethical way to hide and their collected debt from financial institutions at a lower investment grade and business investment activities (Bolton, Brunnermeier Veldkamp, 2013). The special purpose entities are using collateral stocks which have been traded in the market under observation of Chief financial officer of the company. The higher authorities of the company are responsible for borrowing financial support from many financial institutions within their operations period of time. They were used those allocated money for overvalued contracts of the company which is not mentioned in the financial statement declared by them. The special purpose entity which is an important part of the company to generate financial stability, but here as per financial statement Enron is unable to cover the borrowed loan and already collected loans and financial obligations from the generated income for that period of time. There are many financial observations which are responsible for transferring the stocks to special purpose entity accordingly (Guiso, Sapienza Zingales, 2015). The debt and assets acquired by the special purpose entity of the company were created many difficulties for the company for compensating the higher amount of financial debts, which is not declared in the annual financial reports prepared by the appointed auditors of the company. The allocated shareholder of Enron has been misguided by the authorised associates appointed by the company that debt and financial obligations for the company and their revenue and operating income is increasing accordingly within specified period of time. Conclusion: In conclusion it can be said that the management of the company was highly responsible for the biggest bankruptcy faced by it. The decision making error of the company was irreversible and main reason behind the error was the improper evaluation of the information. In order to get the desired level of success and hold the reputation in the global market, a business organization should follow a good corporate culture where the leaders are responsible for taking the decisions properly. If the faults found in the decision making section, then the business organizations cannot grow further. In this case, the similar thing happened to the company, they have a high level of reputation in the existing global market, but due to the improper decision making the biggest audit failure happened. Information transparency is highly required for the big business originations for achieving the success through the team work for achieving a corporate goal. The company faced the problem of lack of info rmation transparency among the shareholders. The company required to follow the corporate objectives and should take the decision by informing all the share holders and the employees when necessary. The company followed some wrong policies and procedures regarding the business operations and the decisions were taken inefficiently by improper analysis of the internet data. The forecasting regarding the market share of the company and the stick prices were wrong, so the decisions based on the activities were also wrong. Moreover the company conducted the activities of decision making in unethical way. They hide the debt taken from the financial organizations unethically which resulted in loss of reputation of the company as well as the auditor. Recommendations The first thing which needed to be changed is the organizations culture. As a globally reputed company, Enron needs to develop a healthy corporate culture in their workplaces. The company had many shareholders who were not involved in the scandal but faced the huge loss due to the bankruptcy. The main reason behind this is that they were optimistic at the time of decision making. The corporate culture of the company should be developed in such a way where all the share holders will be active for tasking any decisions regarding the business operations of the company. In this improved corporate culture, all the relevant information will be shared to all the shareholders properly and the decisions will be taken after getting confirmations form all of them. None of the business decisions will be taken if any conflict exists among the shareholders. The analysis system of the company needed to be updated. The system should be updated with the efficient way of utilizing the internet information and using the information properly in the decision making process of the company. The management of the company should give a deep focus in the area of the new market trend as it is changing very frequently and the way of money making. Any type of unethical business practice should be avoided by the company for keeping the reputation unscratched. The company should follow the concept of To-good-to-be-true. This should be followed by the board of directors of the company for following the ethical way of money making which will help them to gain profit in the business and developing a good impression in the market. The overall case analysis of bankruptcy activities, it is shown that higher authorities of the company are properly responsible for entire unethical and unfair managerial activities. There are also several financial manipulations activities incorporated by the company in terms of market analysis, maintaining financial statement analysis and also operational activities within specified period of time. If the senior management of the company and the employees of the operational team gave proper focus on the operational and investment activities of Enron Company, these unethical activities and bankruptcy can be avoided by the organization within that specified period of time. These entire financial crisis is responsible sue to ignorance and negligence of other associated entities and stakeholders of the company specifically. As the company legally terminated by the court and also given mandatory restriction for other organization not to support this company financially and other term, i t shown that unethical activities has been in a major term which was highly offensive and cannot be avoided by the legal authorities. These judicial decisions are also provided lesson for other companies in that particular economy to avoid such activities and also making them aware about the final consequences respectively. Implementation and responsible authorities Individual entitys angle According to the companys holding policies and corporate acts can be the expected from an individuals perspective to properly bear the moral duties and responsibility accordingly. The appointed Chief executive Jeffrey Skilling and chief financial officer Andrew Fastow has been illegally operating and transferred organizational properties from their cooperative organization. The Andrew Fastow appointed CEO, he is professionally violated corporate ethics and initiated the criminal activities within their operational period of time. In order to develop the corporate culture as discussed in the previous section, all the board members are responsible. This culture should be developed by the interest of all the shareholders as well as the senior level of employees of the company. Meetings among the shareholders and senior level employees for the culture development and agenda should be developed in the meeting (Spillane, 2012). The employees of the company are also responsible for the entire moral and ethical violation activities also they are carrying the unethical business after knowing the fact behind it. The appointed employees of the company are also morally responsible for these unethical acts (Northouse, 2015). After the bankruptcy activities, the entire legal activities of the company Enron has been shown that senior management of the company was also equally responsible for improper activities and disclosures within their operational activities and others. The legal court has been taken decision that the primary and vital reasons behind the bankruptcy were their unfair and misstatement activities and they have also provided decision that no other company should provide support to Enron in professional way; otherwise legally their license will be cancelled for permanent time period. After court cases and bankruptcy Enron has been losses their organizational reputation and negative perception accordingly (Aaker Joachimsthaler, 2012). From the perceptive of Corporations angle The corporate acts followed by the organization in terms of appointed managers and also shareholders higher stock activities to realize the financial stability facts of company. According to the corporate perspective, the entire entity was not responsible for this financial scandal. If the companys appointed managers, employees and shareholders can avoid those situation by paying immediate and prompt outcome and responsiveness. References: Aaker, D. A., Joachimsthaler, E. (2012).Brand leadership. Simon and Schuster. Abdel-Khalik, A. R. (2016). How Enron Used Accounting for Prepaid Swaps to Delay its Bankruptcy for a Decade: The Untold Story.Available at SSRN 2764464. Aven, B. L. (2015). The paradox of corrupt networks: An analysis of organizational crime at enron.Organization Science,26(4), 980-996. Bolton, P., Brunnermeier, M. K., Veldkamp, L. (2013). 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(2012).Distributed leadership(Vol. 4). John Wiley Sons. Steffensmeier, D. J., Schwartz, J., Roche, M. (2013). Gender and twenty-first-century corporate crime: Female involvement and the gender gap in Enron-era corporate frauds.American Sociological Review,78(3), 448-476. Zhang, S. Y., Xiong, K. H., Shen, K. (2013). Research on Evaluation Problem of Culture Construction of Military Industrial EnterprisesTake Corporate A as an Illustration. InProceedings of 2012 3rd International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012)(pp. 517-525). Springer Berlin Heidelberg.
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