The Heart and the Circulatory essays

The Heart and the Circulatory expositions The Heart and the Circulatory System Envision that you are living in the year 1535, and that you don't feel well. You have had a few issues with weakness, feeling somewhat more drained than common when you strolled to the market and back. You advise this to your doctor, and he sends you to another doctor down the road, letting you know there might be some issue with your dissemination. At the point when you get to the new doctor, he berates you to bring your shirt and rests on the seat. After a brief glance in your mouth, he says your crucial blood is most likely O.K. In any case, he's worried that perhaps your nutritive blood isn't being made quick enough. At that point he begins to search on your midsection. He specifies that your liver is somewhat expanded and recommends that possibly you have not been eating enough green verdant vegetables or protein. Hold up a moment! You have come in with issues with your dissemination, and this person is discussing your liver and the kind of nourishments you have been eating! Wha t is happening here? Where did this individual figure out how to rehearse medication in any case? Disarray over the idea of the heart, the blood, and the job of the blood in the body had existed for quite a long time. Pliny the Elder, a Roman essayist who lived from AD 23-79, and writer of a 37-volume treatise entitled Natural History, stated The courses have no sensation, for they even are without blood, nor do they all contain the breath of life; and when they are cut just the piece of the body concerned is paralyzed...the veins spread underneath the entire skin, at last completion in exceptionally flimsy strings, and they tight down into such a very moment size, that the blood can't go through them nor can whatever else however the dampness dropping from the blood in countless little drops which is called sweat. After a century Galen, a Greek doctor who lived in the second century AD., spent his lifetime in perception of the human body and its working. Galen accepted and showed his stud... <!

Doo Wop by Lauryn Hill free essay sample

Lauryn Hill portrays the parts of the dark network that unquestionably credit to a second rate way of life in contrast with the remainder of society in her melody entitled â€Å"Doo Wop (That Thing)†. The viewpoints that Hill so handily depicts include: wantonness, triviality, realism, and poor ethical quality. Having any of these qualities is negative to one’s presence; not to mention a blend of any of them. What Lauryn Hill can do is pin-point the general ruins of youthful African Americans, while at the same time illuminating them. By addressing her crowd through hip-jump, she accomplishes this. A few Females tend to turn out to be clearly innocent once they are engaged with connections where they accept they are enamored. In many cases be that as it may, it is negligible fascination which causes their wantonness. Slope depicts a situation where this is apparent in the main refrain of â€Å"Doo Wop†. She says, â€Å"That one you let hit it and never called you again† then proceeds to state â€Å"plus when you surrender it so natural you ain’t in any event, tricking him. We will compose a custom paper test on Doo Wop by Lauryn Hill or on the other hand any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page † What Hill is suggesting is that some dark ladies misinterpret the importance of adoration by likening it with sex. Later on in the refrain she proclaims that these ladies are trying to claim ignorance, â€Å"Niggas f***ed up you despite everything guarding them†, (nativity). These issues come from absence of self with and low confidence which might be because of the regularly missing dad figure operating at a profit network. The internal excellence starts things out, while the external should come next; along these lines the verse how you gone win when you ain’t directly inside?. Such a large number of African Americans endeavor to disguise their deficit of character by showing up and responsibility for things. This triviality prompts the buying of things that they can’t manage; causing numerous blacks lose everything endeavoring to look rich. The verse â€Å"hair weave like Europeans, counterfeit nails done by Koreans†, essentially summarizes that idea. On a comparable subject, some African American ladies fit in with what is depicted in music recordings and different types of mass media’s thought of magnificence. In this way the past referenced verse alludes to the endeavor of many dark ladies to look appealing; by ignoring their natural magnificence which truly makes them a person. During youth we are shown directly from wrong, anyway many dark men neglect to apply these ethics and morals in their adulthood. Rather going to wrong conduct. Lauryn Hill says that they come in club like criminals. These men additionally sadly don't have a feeling of need they â€Å"pop gem by the case† yet â€Å"still in the mother’s basement†. The absences of ethics, or poor ethics, lead them to an existence of wrongdoing and brutality. By Speaking to youthful Africans with her verses of â€Å"Doo Wop (That Thing)† as opposed to lecturing, Hill kind of rules what they ought to stay away from throughout everyday life.

BUSINESS STUDIES Essays - Free Essays, Term Papers, Research Papers

BUSINESS STUDIES Essays - Free Essays, Term Papers, Research Papers BUSINESS STUDIES GLOSSARY A long time 10 AND 11 NAME ..................................... | |A | | | |Above the line |Methods of advancement that permit a firm to reach | | |a wide crowd without any problem. These incorporate strategies | | |such as publicizing on TV and in | | |newspapers and magazines. | | |ACAS (Advisory, |An autonomous body set up under the | |Conciliation and |Employment Protection Act whose point is to help | |Arbitration |employers and workers settle exchange questions | |Service) |and improve modern relations. | | |Accounting ratios|A method of investigating the presentation of an organization | | |by contrasting key things from its accounting report | | |and the benefit and misfortune account. These are used| | |to show execution in four zones: | | |profitability, liquidity, efficiency and | | |investment. | | |Advertising is intended to make a mindfulness | | |of an item. It is the way toward educating a | | |customer about an item or administration (informative| | |advertising) and convincing that client to buy| | |it (convincing promoting). | | |Advertising |A deliberate body set up by the UK promoting | |Standards |industry to consider protests made by | |Authority (ASA) |customers about ads. It expects a | | |advert to be legitimate, better than average, fair and valid. | | |Annual reward |A fixed sum notwithstanding a fundamental pay or | | |salary, which representatives get once every year, | | |often at Christmas. This reward installment | | |motivates representatives and urges devotion to | | |the business. | | |Annual General |The legal gathering of executives and | |Meeting (AGM) |shareholders held once every year. The shareholders| | |are requested to decide on different proposition that the | | |board of executives is making about the organization, | | |but can likewise ask the executives inquiries about | | |the business. Investors may likewise choose | | |members of the governing body. | | |Annual report. |A report gave by a constrained organization, which | | |contains composed and budget summaries about | | |the progress of the organization in the past | | |financial year. This is to guarantee that the | | |shareholders get some data on a | | |annual premise. | | |Apprenticeship |A arrangement of hands on preparing for create skills| | |or a calling where youngsters are given | | |training by working close by a talented specialist. | | |Assets |What an organization claims spoke to in a critical position | | |sheet. Fixed resources are long haul resources, which| | |are for use in the business and not for resale. | | |Current resources are utilized throughout the | | |business and will be changed over into money inside | | |the next a year. | | |Assisted territories |Specific land zones of the UK, which are| | |eligible to get budgetary help. The | | |government has distinguished these zones by above | | |average joblessness rates brought about by the decline| | |in conventional ventures, for example, transport building,| | |coal mining and steel creation. | | |Authority |The ability to provide orders which others | | |accept as genuine in an association. | | |Autocratic |A style of authority where the force for making| |leadership |decisions is in the hands of one individual or a | | |small gathering of individuals. This is something contrary to | | |democratic initiative. | | |Average cost |Also called unit cost. The all out expenses of | | |producing an item partitioned by the quantity of | | |units created. Over a brief timeframe it | | |is anticipated that as yield expands, normal | | |costs will tumble to begin with and afterward rise | | |again as the processing plant moves towards full | | |capacity. See economies/diseconomies of scale | | |B | | | |Balance of |A record of the general consequences of a nation's | |payments |trading movement with the remainder of the world. It| | |includes imports and fares of products and | | |services and capital streams into and out of the | | |country. | | |Balance sheet |One of the last records. It shows the benefits | | |and liabilities of the business at a specific | | |date. It is regularly called a 'preview' of the | | |financial condition of the business. | | |Bank of England |The national bank of the UK. It controls the | | |money gracefully, loan fees and expansion. | | |Bankruptcy |The state of being not able to meet the

Theater Beckett Godot - Free Essay Example

Assignment 1: Comparative Study How does Ionesco and Becketts dramaturgy in ‘Waiting for Godot and ‘The Bald Soprano express the absurdist and existentialist view that life is essentially meaningless. Ocà ©ane Herpin ‘Waiting for Godot and ‘The Bald Soprano are two of the most classic examples of why life is called the theatre of the absurd. The Theatre of the Absurd came about as a reaction to World War II. It took the basis of existential philosophy and combined it with dramatic elements to create a style of theatre which presented a universe which cannot be logically explained or defined; life is therefore meaningless and lacks purpose. The conventional qualities of traditional theatre: realistic characters and situations, comprehensible dialogues and a clear plot, were abandoned to convey this vision of absurdity. Instead, the characteristics which coincide with many of the plays in this modern absurdist theatre: broad comedy, tragic images, characters in hopeless situations, nonsensical dialogues full of clichà ©s and wordplay; plots that are cyclical or absurdly expansive were adopted and replaced the concept of the well-made play. Of these characteristics, this es say focuses on the dramaturgy, more specifically the cyclical dramaturgy that Beckett and Ionesco adopted in their plays, and how this is effective in expressing the absurdist and existentialist vision that life is inherently without meaning or purpose. As many Absurdist playwrights, Beckett and Ionesco did away with most of the logical structures of traditional theatre. Thus, ‘Waiting for Godot and ‘The Bald Soprano are often described as anti plays; they reject a coherent story-line, deviate from the traditional episodic structure, and seem to move in a circle, ending the same way they began. The plays have a beginning, but the beginning seems in a way arbitrary because what happened before the beginning does not seem important. The plays have an end, but the end somewhat recalls the beginning and thus a sense of circularity is created replacing the sense of closure that conventional stories generally provide. John W. Fiero makes an interesting observation t hat the ‘Ouroboros, a snake devouring its own tail, can serve as the new structural paradigm. It suggests an endless, tedious, and futile cycle. Becketts and Ionescos plays both rely on repetition and looping: in ‘Waiting for Godot the protagonists decide to move and then do not move, over and over again; the two sets of families in ‘The Bald Soprano become interchangeable at the end of the play. This reinforces the absurdist and existentialist idea of life as having no clear purpose and of life being an interminable waiting for a sense of purpose or closure that is unlikely ever to arrive. The seemingly endless waiting that Estragon and Vladimir undertake for the mysterious Godot reflects this idea and to effectively express it, Beckett abandons traditional plot development and creates a circular symmetrical movement throughout ‘Waiting for Godot. The second act parallels the first. Nothing new happens: Godot fails to appear in both acts, Vladimi r and Estragon find themselves caught in these pointless routines and repetitive pantomimes, further emphasizing the ridiculous purposelessness of their lives. In Act 2 the characters engage in ways that closely parallel the first act; the key difference seems to be an increased struggle in the second act to pass the time, which passed quickly in the first act because of Pozzo and Lucky, whose appearance is briefer in the second act. This pointless waiting and boredom makes Estragon more desperate to leave and Vladimir continually reminds him why they mustnt leave because theyre waiting for Godot: VLADIMIR: We cant. ESTRAGON: Why not? VLADIMIR: Were waiting for Godot. ESTRAGON: (despairingly) Ah! (Pause.) Youre sure it was here? Here we are given information that these two men are waiting for someone called Godot and Estragons tone suggests the possibility that it is not the first time and that they have done it before and been disappointed. This adds to the effect that there is no real beginning and their present situation is somewhat static. The characters want to go but feel stuck waiting for Godot. ESTRAGON: What about hanging ourselves? ESTRAGON: Dont lets do anything. VLADIMIR: Lets wait and see what he says. ESTRAGON: Who? VLADIMIR: Godot. They want to commit suicide, but have grown either too lethargic or too helpless to act on their desires, they are too caught up in their routines and habits. In their presence, even Pozzo catches on to this feeling, at the moment of his departure, they have an absurdly repetitive dialogue and Pozzo finds himself unable to leave: VLADIMIR: Adieu. POZZO: Adieu. ESTRAGON: Adieu [silence] POZZO: And thank you. VLADIMIR: Thank you POZZO: Not at all ESTRAGON: Yes yes POZZO: No no. [silence] POZZO: I seem to be unable[Long hesitation]to depart. ESTRAGON: Such is life. Paralysed, immobilised, forced to remain stationary, they must remain passive as well. Unable to act, they are capable only of waiting, waiting for the end they know will never come. But they remain still, in constant hope of being acted upon and remain in the same situation throughout the play, just as nothing really begun, nothing ever finishes. This structure of the play serves to reinforce the timelessness of their situation, thus emphasising on the pointlessness of their lives, that time passes by and nothing changes, but they remain in this static situation helplessly waiting for something, a reason or purpose to live, that they subconsciously know will never come to them. This similar cyclical, repetitive and absurd structure, ending where it first began, is adopted in Ionescos ‘Bald Soprano. In fact the Bald Soprano itself was inspired by the inane sentences Ionesco read again and again in the textbook he used to learn English. Already, Ionesco had acquired this sense of repetition and practical cyclical movement through his learning of a language. ‘The Bald Sopranos cyclical structure suggests that an infinite and tedious replay is possible but is aborted, not because there has to be an ending, but simply for practical necessity. Ionesco had to find a way to bring his play to closure; His first working solution was to end the action abruptly, using a sort of deus ex machina device in which the performance was closed down by the Superintendent of Police and his men, who open fire at the rebellious audience and simply order the theatre vacated. Other possibilities were considered but they were rejected as too problematic. Eventually, it was decided that the play should simply begin again, giving the work its cyclical structure. The final structural refinement was to substitute the Martins for the Smiths in the repeated opening. So the story begins again at the end, but the characters now play new roles. The actor that first played Mrs. Smith now plays Mrs. Martin; the former maid becomes the fire chief; and so on. [The play begins again with the Martins, who say exactly the same lines as the Smiths in the first scene, while the curtain softly falls] In ‘The Bald Soprano, the repetitive structure also parallels the language, one of the main themes in the play. Repetition is the perfect example of the freezing of language; the discussion between Mr. and Mrs. Smith for example. Following a long series of coincidences, told in exhaustive detail and in an irritating repetitive pattern (the same sentence structure, even the same sentences are repeated: How curious! How bizarre! What a coincidence!) The two come to the conclusion that they are married. Similarly to the characters in ‘Waiting for Godot, the characters in ‘The Bald Soprano find themselves caught up in a ridiculous, vicious cycle of repetition, nonsensical yet logically thought through. This also expresses an absurdist and existentialist view on society and its meaningless co nversation between people, words are used to express the most banal facts, but essentially they mean nothing, they express nothing but emptiness. This therefore reflects the meaninglessness of life in general. Also, there is a parallel symbolism between the circular structure of the play and the eminent presence of the clock. Both are a representation of time; Time is not linear, on the contrary it is circular, much like a clock, whose hands constantly turn in a circular motion. In ‘Waiting for Godot, the moon plays a similar role as a symbol which intensifies the passing of time and as an image of circularity. This repetitive cyclical structure also serves as a representation of memory (or lack thereof), a theme expressed in both ‘The Bald Soprano and ‘Waiting for Godot; life is happening to Vladimir and Estragon but they recall little of what is past and Mr and Mrs Smith only find out through a long conversational process that they are in fact married. In ‘Waiting for Godot and ‘The Bald Soprano we see that the [absurdist and existentialist] ideas that inform the plays also dictate their dramaturgy. In both plays there is little dramatic action (in the conventional sense); however the repetitive actions and dialogues serve to highlight that no matter how they try to fill time, nothing happens to change their existence. In Becketts ‘Waiting for Godot, plot is eliminated, and a timeless, circular quality emerges as Estragon and Vladimir spend their days waiting (but without any certainty of whom they are waiting for and whether he, or it, will ever come) In ‘The Bald Soprano this quality parallels language; The characters in ‘The Bald Soprano sit and talk, repeating the obvious until it sounds like nonsense, thus revealing the inadequacies and futility of verbal communication and conversation. The ridiculous, repetitive and purposeless behaviour and talk give the plays a sometimes comic s urface, but there is an underlying philosophical message, the absurdist and existentialist view that life is essentially without meaning or purpose. Bibliography: Beckett, Samuel, 2006, Waiting for Godot, London, Faber and Faber Limited Ionesco, Eugene, 1958, The Bald Soprano Other Plays, New York, Grove Press Inc. Esslin, M., The Theater of the Absurd. 3rd ed. 2004, Vintage, USA. Graver, L., Beckett: Waiting for Godot: A Student Guide. 2nd ed. 2004 CUP, UK. Schechner, Richard, The Bald Soprano and The Lesson: An Inquiry into Play Structure https://www.drama21c.net/writers/ionesco/schechner1.htm: accessed on 31/08/08 Scope- Archive: Articles, Portals Special Issue, Anti-Theatre on Film https://www.scope.nottingham.ac.uk/article.php?issue=3id=85section=articleq=jean: accessed on 31/08/08 Niehuis, Terry, in an essay for Drama for Students, Gale, 1997 Waiting for Godot (Criticism). https://www.answers.com/topic/waiting-for-godot-play-8: accessed on 28/08/08 WCU- Spring 2006 Analyzing WAITING FOR GODOT. https://brainstorm-services.com/wcu-2005/godot-notes-05.html: accessed on 20/08/08 Godot https://samuel-beck ett.net/Penelope/Godot.html: accessed on 20/08/08 Answers.com, The Bald Soprano (Style) https://www.answers.com/topic/the-bald-soprano-play-4: accessed on 31/08/08 Answers.com, Waiting for Godot (Style) www.answers.com/topic/waiting-for-godot-play-5: accessed on 31/08/08 Wikipedia, the free encyclopedia Theatre of the Absurd www.wikipedia.org/wiki/Theatre_of_the_Absurd: accessed on 20/08/08 Theatre of the Absurd Britannica Online Encyclopedia www.britannica.com/EBchecked/topic/2002/Theatre-of-the-Absurd: accessed on 28/08/08 Rà ©sumà © de la pià ¨ce En attendant Godot de Samuel Beckett 2006 www.etudes-litteraires.com/forum/sujet-592-resume-piece-attendant-godot-samuel-beckett: accessed on 31/08/08

Palladio, the Architect Who Inspired a Popular Window

Andrea Palladio (born  November 30, 1508 in Padua, Italy) transformed architecture not only during his lifetime, but his reinterpreted Classical stylings were imitated from the 18th century until today. Today Palladios architecture is a model for building with the 3 rules of architecture attributed to Vitruvius—a building should be well-built, useful, and beautiful to look at. Palladios Four Books of Architecture was widely translated, a work that quickly spread Palladios ideas throughout Europe and into the New World of America. Born Andrea Di Pietro della Gondola, he was later named Palladio after the Greek goddess of wisdom. The new name is said to have been given to him by an early employer, supporter, and mentor, the scholar and grammarian Gian Giorgio Trissino (1478-1550). It is said that Palladio married a carpenters daughter but never bought a house. Andrea Palladio died August 19, 1580 in Vicenza, Italy. Early Years As a teenager, the young Gondola became an apprentice stone cutter, soon joining the guild of masons and becoming an assistant in the workshop of Giacomo da Porlezza in Vicenza.  This apprenticeship proved to be the opportunity that brought his work to the attention of the older and well-connected Gian Giorgio Trissino. As a youthful stone cutter in his 20s,  Andrea Palladio (pronounced and-RAY-ah pal-LAY-deeoh) worked on renovating  Villa Trissino in Cricoli. From 1531 to 1538, the young man from Padua learned the principles of Classical architecture when he worked on new additions for the villa. Trissino took the promising builder to Rome with him in 1545, where Palladio studied the symmetry and proportion of the local Roman architecture. Taking his knowledge back with him to Vicenza, Palladio won a commission to rebuild the  Palazzo della Ragione, a defining project for the 40-year-old budding architect. Important Buildings by Palladio Andrea Palladio is often described as the most influential and most copied architect in Western civilization after the Middle Ages. Drawing inspiration from the architecture of ancient Greece and Rome, Palladio brought decorative columns and pediments to 16th century Europe, creating carefully proportioned buildings that continue to be models for stately homes and government buildings throughout the world of architecture. Palladio window design came about from his first commission—rebuilding the Palazzo della Ragione in Vicenza. Like architects today, Palladio was faced with the task of rejuvenating a crumbling structure. Confronted with the problem of designing a new front to the old regional palace at Vicenza, he solved it by surrounding the old great hall with an arcade in two stories, in which the bays were nearly square and the arches were carried on smaller columns that stood free between the larger engaged columns separating the bays. It was this bay design which gave rise to the term Palladian arch or Palladian motif, and has been used ever since for an arched opening supported on columns and flanked by two narrow square-headed openings of the same height as the columns.—Professor Talbot Hamlin The success of this design not only influenced the elegant Palladian window we use today, but it also established Palladios career during what became known as the High Renaissance. The building itself is now known as theBasilica Palladiana. By the 1540s, Palladio was using classical principles to design a series of country villas and urban palaces for the nobility of Vicenza. One of his most famous is Villa Capra (1571), also known as the Rotunda, which was modeled after the Roman Pantheon (126 A.D.). Palladio also designed Villa Foscari (or La Malcontenta) near Venice. In the 1560s he began work on religious buildings in Venice. The great basilica San Giorgio Maggiore is one of Palladios most elaborate works. 3 Ways Palladio Influenced Western Architecture Palladian Windows: You know youre famous when everyone knows your name. One of the many architectural features inspired by Palladio is the popular Palladian window, readily used and misused in todays upscale suburban neighborhoods. Writing: Using the new technology of movable type, Palladio published a guide to the classical ruins of Rome. In 1570, he published his masterwork: I Quattro Libri dell Architettura, or The Four Books of Architecture. This important book outlined Palladios architectural principles and provided practical advice for builders. Detailed woodcut images of Palladios drawings illustrate the work. Residential Architecture Transformed: American statesman and architect Thomas Jefferson borrowed Palladian ideas from Villa Capra when he designed Monticello (1772), Jeffersons home in Virginia. Palladio brought columns, pediments, and domes to all of our domestic architecture, making our 21st century homes like temples. Author Witold Rybczynski writes: There are lessons here for anyone building a house today: instead of concentrating on increasingly refined details and exotic materials, focus instead on spaciousness. Make things longer, wider, taller, slightly more generous than they have to be. You will be repaid in full.—The Perfect House Palladios architecture has been called timeless. Stand in a room by Palladio— writes  Jonathan Glancey, architecture critic for The Guardian, any formal room will do—and you will experience the feeling, both calming and elevating, of being centred not just in architectural space, but in yourself. This is how architecture should make you feel. Sources Villa Trissino a Cricoli at visitpalladio.com [accessed November 28, 2016]The stonecutter who shook the world by  Jonathan Glancey, The Guardian, January 4, 2009 [accessed August 23, 2017]The Penguin Dictionary of Architecture, Third Edition, Penguin, 1980, pp. 235-236Architecture through the Ages by Talbot Hamlin, Putnam, Revised 1953, p. 353The Perfect House by Witold Rybcznski, Scribner, 2002, p. 221

Performance Appraisal - 17716 Words

Specially Uploaded for ProjectsParadise.com PERFORMANCE APPRAISAL SYSTEM -1- Specially Uploaded for ProjectsParadise.com INDEX SR.NO 1. TOPIC MEASURING PERFORMANCE V/S ACTION PERFORMANCE APPRAISAL OBJECTIVES OF PERFORMANCE APPRAISAL PERFORMANCE APPRAISAL AND COMPETITIVE ADVANTAGE APPRAISAL PROCESS METHODS OF APPRAISAL MANAGEMENT BY BJECTIVES(MBO) LARSEN AND TOUBRO, HUMAN RESOURCE DEVELOPMENT— PERFORMANCE APPRAISAL SYSTEM ASSESSMENT CENTRES 360-DEGREE FEEDBACK APPRAISE THE PERFORMANCE PERFORMANCE INTERVIEW GUIDELINES FOR EFFECTIVE APPRAISAL INTERVIEW PAGE NO 2-3 2. 3. 4-5 6-7 4. 8-11 5. 6. 7. 8. 12-29 30-41 42-43 44--46 9. 10. 11. 12. 13. 47-49 50 51 52 53 -2- Specially Uploaded for†¦show more content†¦The second beekeeper, however, had very different results. Because each bee in his hive was focused on the hive s goal of producing more honey. This Bess had concentrated their efforts on gathering more nectar in order to produce more honey than ever before. The bees worked together to determine the highest nectar yielding flowers and to create quicker processes for depositing the nectar they had gathered. They also worked together to help increase the amount of nectar gathered by the poorer performers. Tile Queen Bee of this hive reported that the poor performers either improved their performance or transferred to hive No.1, because the hive had reached its goal. The beekeeper rewarded each bee his portion of the hive incentive. The keeper was also surprised to hear a loud, happy buzz and a jubilant flapping of wings as he rewarded the individual highperforming bees with special recognition. Should you measure performance or mere activities of employees? is the one who does silent work but does not show of himself/herself or the one who puts up a show but hardly performs to be recognized and rewarded? This and other related questions are answered in this chapter. -5- Specially Uploaded for ProjectsParadise.com PERFORMANCE APPRAISAL An organization’s goals can be achieved only when people put inShow MoreRelatedPerformance Appraisal : Performance Appraisals1275 Words   |  6 Pagestheir performance reviews. Depending on how large your team is, completing performance reviews can be a daunting task. Hopefully you have been good at recording your employees’ individual successes and failures over the course of the year. Performance appraisals serve many purposes within an organization. Answering the questions below will help us understand why they are a standard at most companies. Explain the utility and use of performance appraisals. Why are performance appraisals importantRead MorePerformance Appraisals : Performance Appraisal865 Words   |  4 PagesPerformance Appraisals Performance appraisals are used to rate several things in organizations in regards to employees and their performance. There are several types of performance appraisals that can be given. The textbook mentions three different types of data that performance appraisals collect. The types of data include trait data, behavioral data, and outcome data. Three types of performance appraisals that will be discussed further are the unstructured method, 360-degree feedback, and theRead MorePerformance Appraisals10210 Words   |  41 PagesThe Performance Of Performance Appraisal Sanjeev Kumar Saxena - Jodhpur Today, most of organisations attempt to develop the outlook and performance of its employees by using multiple and complex training and educational programmes. In comparison to this, several academician s, researches and professionals hold that the personality of employees is generally developed when they learn several dimensions of job while working. 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The mehtod of performance appraisal has am impa ct on the pay of individuals, and other organizational success. This process is also designed to deal with problem behavior. The process of performance appraisal is the best way to improve the performance of organization

Sengupta Fibres Ltd Case Study Solution on Business Plan

Question: Write a short note onSengupta Fibres Ltd. company. Answer: Sengupta Fibres Ltd. is an Indian company, which use to manufacture and supply nylon yarns to the various textile mills. Presently, it has been discovered that the company is running out of cash funds. Moreover, All-India Bank Trust Company, who used to provide funds to the company in terms of short-term loans, has also decline to provide further credits due to failing in timely repayments of the loans. The financial projection plan, prepared by the bookkeeper of the company, for further continuation of the credit facility is not up to mark. The management requires a proper justified planning, that can able to earn more profit for the company and help the company to satisfy the bank for credit extension. Current situation of the company:- In the recent times Sengupta Fibres Ltd. has faced several problems related to meet the timely demand by the customers. The tax inspector responsible for clearing of the trucks restricted the clearing of the trucks stationed at warehouse due to the nonpayment of the tax by the company. The company needed to make the full payment in cash, but the bookkeeper noticed that the company had already overdrawn its bank account. This problem was becoming very frequent and as the truck drivers were independent contractors, they refused to wait for the entire procedure to complete, which was made between the company and the government authorities. The rising problem relating to the availability of the liquid cash by the company raised further questions by All India Bank Trust company who requested Mrs. Sharma to have an appointment and discuss about regaining of the liquidity positioning of the firm. According to Mrs. Sharma, the cash problem was very usual to occur for a profit making company like Sengupta Fibres Ltd (DeYoung et al.,2015). Rationale for shortage of cash:- The main amount of the companys demand for the fibers is affected due to seasonal fluctuations. The main units of demand for the fiber products are caused in the diwali festival due to the rise in the demand of the nylon textiles in the late summer and early winter. The main fluctuation in the price of the company is observed mainly because of the competition among the suppliers mainly observed among the textile weaving mills to these merchants and various changes in then prices are observed by the credit that the mills grant to the various type of the merchants. The yarn manufacturers of the company responsive for the business of the mills through various type of service and credit. It was observed that the suppliers of the firm were provided with little credit to support their operations in the textile industry. It was also observed that the lean profit margin of the company led to the overproduction of the fiber material and this led to the overstocking of the fiber materials. Thi s led to increased carrying cost of the company especially in the slack selling season of the company. The company had further observed a seasonal production plan which meant that the it would be operational at the highest capacity of the firm for a period of three months, this decision by the company led to several layoffs and employee retrenchment by the company. In order to ensure eth prompt service by the company the company ensured to hire two distributional warehouses which would help the company in reaching to the yarn units at a quick pace. But the problem was prevalent due to the narrowing down of the roads and slowing down of the traffic. This in turn increased the waiting time of the company and led to higher holding costs in the warehouse area if the delivery zone. Base on the several, type of the financial, projection it was observed that the company had a steady collection of the sales with an increase by 40 percent. The value of the raw material by the company showed a total of 55 percent of the total value if the sales expectation which was to be made two months later. The cash balance observed by the company was observed to be Rs. 640000 and the company took credit support from All India Bank Trust company. Although company was known for maintaining an adequate amount of the cash balance at the bank but the company significantly lacked in the maintaining the finances with an increasing inflation and the interest rate was further predicted to increase in the coming year (Moro Fink, 2013). This led to the companys decision for clearing of the credit line which needed to be cleared for minimum of thirty days every year. It was further observed that the clean up month for the company was in the October but the company had failed to make the full payment on time. The company took several amount of credit from then bank in order to suffice its various requirements arising out of the overdrawing of the accounts (Zeidan et al., 2015). Consequence for the company:- The repercussion of the less availability of the liquid finance of the company has already showed its impact in making the payment to the tax inspector for the clearance of the trucks. Thus this situation of the company will further lead to labor unrest and the companys stability of the operational side will face lot of challenges from the external forces caused due to the labor. The lower amount of liquid cash with the company will further lead to issues in making of the payment to the vendors on time. It has been observed that the company has taken several financial help from the bank. Due to these debts of the company will keep on increasing and it starts to lose its financial edge gained from the previous years (Arping, 2014). The forecast plan has been prepared on the basis of general assumptions. As per the forecast, prepared by Mr.Ashok, the gross sale is expected to increase by 19.75% from the last year. The actual sales of 1989 had increased by 17.65% from 1988. Therefore, the forecasted growth rate is quite satisfactory. From deeper analysis, it has been observed that there are many flaws in the forecast plan of Mr.Ashok. The forecast plan includes many miscalculations and improper estimations. Along with that, the historical records are also showing inaccurate financial figures. The net profits of 1988 and 1989 are shown at higher value than the actual figures as the depreciation shown in the historical income statements are not deducted from the gross profits. The expected net profit for 1990 is also wrongly calculated. The corrected values are shown in the following table:- From the figures, shown in the table, it can be stated that the historical and forecasted income statements, prepared by Mr.Ashok, was exhibiting inflated profits. As per the table, the company had earned 31.04% lesser profit in 1989 in comparison to 1988 and expected to earn further 53.05% lesser profit in 1990 from 1989. The major costs, such as purchase, wages, operating e xpenses etc., are calculated and forecasted on the basis of the sales volume. But it has been noticed that the monthly sales projection, provided by Mr. Ashok, is not proper. The growth rate of the monthly projected sales volume in comparison to the actual monthly sales of the last year is given below:-Month Actual Sales 1989 Forecasted Sales 1990 Change in Sales The table depicts that Mr.Ashok has calculated the sales volume for the seasonal period at 15% growth rate, which is quite lower than the growth rates charged for the other periods. Generally, it is expected that the seasonal products will be sold at higher growth rates than the lean seasons. But, Mr.Ashok has projected that the increase in the sales volume on seasonal period will be lesser than that of at the lean seasons. If the projection would be made as per general norms, then the projection report will show higher sales volumes. In that case, the company will have some chance to represent a reasonable financial plan t o the lending officers. The growth rates of the incomes expenses are shown below by analyzing the revised statement horizontally in the following table:-Horizontal Analysis of Income Statement The real matter of concern for the company as per the forecast plan is the profit margins. The forecast plan shows that the company had increased its gross profit by 2.94% on 1989. But in the year 1990, the gross profit is forecasted to go down by 3.34% from the actual gross profit of the previous year. Last year, the net profit had reduced by 31.04%, whereas, in the coming year, it is expected to reduce by 53.05%. The vertical analysis of the income statement is shown below:-Vertical Analysis of Income Statement The above chart depicts that the current assets have increased by 40.62%, whereas, the current liabilities have increased by 219.68%, Such high increase in the current liabilities has caused the liquidity position to fall drastically. Moreover, the accounts receivable and inventory have increased significantly, but the cash balance has fallen down, which has led the company to suffer from shortage of cash funds. Moreover, the owners equity has also reduced as the company has to spent the capital funds more for the operating activities due to shortage of working capital. The above analysis shows that the proportion of cash fund has decreased, whereas the shares of accounts receivable and inventory have enhanced quite significantly. The most significant change has been occurred in terms of notes to bank, which has increased to 23.50% from 5.14%. To match with the high increase of notes to bank, the net plant, the owners equity has decreased almost by 20%, which is not desirable at all. It is quite evident from the forecast plan that the company has to decrease its costs and increase its sales volume significantly to repay its bank loans fully. It is only possible if the company give more focus on its working capital and cash flow structure. Alternatives for Action:- As discussed above, the main issue of Sengupta Fibres Ltd. is the shortage of liquid fund. In addition to that, the company is also suffering from lower profit margins and expected to maintain the downward trend in the coming year too. Therefore, Mrs. Sharma should to adopt some strategic plans that can help her to increase the profit margins and the cash fund of the company. The alternative actions, which can solve the issues of the company, are discussed below:-1) The management should revise its sales projections properly. Then the management will have an overview about how much cash inflow it can generate from its operational activities.2) The company should improve the rate of working capital circulation. For such actions, it has to make the credit collection period shorter and increase the inventory turnover ratio so that its other current assets will convert into cash faster. Then the company does not have to depend on the short-term debts too much for its operating activitie s. For the process, the management may provide discount to the customers or may re-structure the credit terms. It can also introduce new marketing strategies, which can increase the sales and rotate the working capital faster.3) The management should reduce the cash outflows as much as possible to increase the net cash funds. To reduce the cash outflows, the company should reduce its costs and negotiate with its suppliers for further discounts and also decrease the probability of accidental costs with better operational control.4) The company use to pay dividend quarterly. It can use some part of dividends for repayment of the short-term debts. Sengupta Fibres Ltd. is basically a family business. Therefore, due to lower payment of dividends, the company will not have to face any type of adverse reactions from its shareholders. Impacts of the Operating Proposals:- The management of Sengupta Fibres Ltd. may consider the four operating proposals for improving its current financial positions. The proposals may create some positive impact for the company, which are discussed below:-1) Pondicherry Textiles is one of the largest purchasers of the company. Therefore, the company should consider its proposal for increasing the credit terms to 80 days. Thus, the company will be able to earn good amount of sales revenue from the company on quarterly basis.2) The proposal for reducing the raw-material inventory requirement from 60 days to 30 days will be very effective to lower down carrying cost of the company. But it should be noted that the requirement for raw-material is greatly dependent on the sales volume. Moreover, it will increase the amount of monthly cash outflow also. Hence, before implementing the proposal, the company should evaluate the outcomes of the proposal in terms of sales volume and net cash flows.3) The proposal for pellets should also be evaluated in terms of sales volume. The new proposal will reduce the inventory of pellets and help to increase the production rate. But unless, the increase in production will cause increase in sales, the proposal will not be effective too much.4) The proposal from the operation manager regarding the stable workforce and level production can be proved very effective for the company. With the stable workforce, the company will have to incur lesser amount on training. Moreover, it will also increase the efficiency of the workers and increase both the quantity and quality of the production. Level production will reduce the rate of equipment breakdown and thus, it can provide uninterrupted production flow, especially, in the seasonal periods. In order to bring the companys credit position to a stable position the bank and various other financial institutions has a crucial role to play. As the business is mainly in a country like India the bank has several instruments to offer t o Sengupta Fibres Ltd (Ongena Schindele, 2016). Some of the low risk investment options for the company in the bank include: Provision for higher free cash flow (FCF): Free cash flow or FCF is the amount obtained after subtracting capital expenditures from the operating cash flow. Hence it is the amount of liquid money which the company has always available in the bank at any given time. Sengupta Fibres Ltd. needs to determine the availability of this amount on daily basis as it is required for proper running of the business activities. The company needs to rely on the bookkeeper to keep Mrs. Sharma informed about the availability of free cash. In other to maintain higher provision for free cash flow the company may restrict itself from future investment activities such as technology upgrades, buying of new office furniture, renting of additional warehouse etc (Park Jang, 2013) Maintaining higher Working Capital: The present problems faced by the company are most related to meetin g the short term obligations of financing and making payment for clearing of the goods from the warehouse. The company needs to allocate higher proportion of the funds into the working capital of the business. This will lead to having more amounts of liquid funds to meet the short term requirements of the business. This amount is the obtained after subtracting current liabilities from current assets. It can be further observed that at present the company is maintaining an average working capital of Rs. 2656276 in the month of January, Rs. 2585549 for the month of February, Rs. 1838780 for the month of March. It can be further said that the companies average working capital ratio is around 2.19, which is fairly good. There allocation of the liquid funds needs to done in accordance with the usage of funds to meet the daily requirements. If Sengupta fibres is able to increase its liquid funds then the working capital will significantly improve and it will be able to pay off its short t erm operational costs with ease. (Baos-Caballero et. al., 2014). Maintaining higher liquidity ratio- It is important for the company to maintain a higher level of the liquid assets in order meet the daily operational requirements and avoid delay in making payment of the clearing services. This will ensure that the company is able to achieve a greater financial stability and customer retention by making timely delivery of the products. The company needs to make sure that it has adequate amount of the funds available inform of cash and bank balance. It has been observed that the main cause of the present disputer is due to the labor unrest and non compliance of the clearance formalities with the tax inspector. In order to improve the present situation of the company need to make sure that it has adequate amount of the liquid fund available to meet the daily operational requirements (van den End Kruidhof, 2013). Debt/ Equity Ratio- The Company need to further ensure that it is able t o maintain a lower amount of the debt equity ratio for the purpose of improving its financial stability. The lower is the amount of the debt equity ratio the better it is for the company to regain the financial position. The company can do so by improving the shareholders value and paying off the credits financed by the bank in time, the various types of the aforementioned investment options will ensure that Sengupta Fibres Ltd. is able to achieve a better financial position and have more source of income to pay off its debts with the bank. This will ensure a higher credit rating and the company will able to take further financial assistance in future (Said, 2013). Maintaining higher amount of acid test ratio: The Company needs to make sure that it has adequate amount to use near cash to extinguish to pay off its current liabilities on an immediate basis. The company needs to maintain quick ratio amount more than 1 to ensure that it is fully able to pay off its existing liabilities. The ratio is similar to current ratio except the company needs to exclude the value of inventories. Higher is the acid test ratio, better it is for the company (Yu et al., 2014).Davies and Merin have discussed in details about the importance of working capital for the business organizations in their research work Uncovering Cash and insights from working capital. The report has incorporated their views and analysis to solve the current financial issues of Sengupta Fibres Ltd. In the report, it has been shown that the companies can earn high revenues and profits by circulating its working capital effectively. The report has described how a proper working capital structure can help the business firm to generate debt financing. Finally, it has suggested some methods through which the management of Sengupta Fibres Ltd. can improve their working capital structure and convince the bank for continuing the credit financing. Criteria for Securing Credit from Banks:- The banks use to provide loans on the basis of various financial aspects of a company. It has been noted that most of financial factors leads to a single perspective - the financial strength of the company to repay the loan along with the interest. Banks use to provide loan for generating income so that they can pay interest to the accountholders. Like the profit-seeking institutions, they also want to secure their future income. Therefore, they always check the financial capability of the borrowers (Schwaab et al., 2015). The financial capability of any firm is used to be measured from its financial statements and its future projection plans. The financial strength of a company can be evaluated by its net income over periods and the amount of assets and liabilities, used to be owned by the company. It should be noted that the financial statements can provide the financial strength of a company but do not ensure about the payment capability of the company (Agha, 2014). Along with the principal amount, the bank also wants that the borrowers should have the capacity to pay the interest on time. It can be ensured by the working capital structure of the company. A company may show high amount of sales and profits in the income statements, but if it cannot convert the credit sales into cash properly, then it cannot repay its other expenses timely. Therefore, the banks use to check the cash flows of the company also to evaluate its working capital (Figlewski et al.,2012). Working Capital:- Working capital is defined as the excess current assets over the current liabilities. In reality, working capital is the amount of liquid fund, required by the organizations to continue its daily operations and meet its operating expenses. It is very necessary for the organizations to circulate its working capital effectively. If the working capital is not rotated properly, then the organizations have to meet its operation expenses from its reserves and retained earnings, which is not desirable for any firm at all (Baos-Caballero et al., 2014). According to Davies and Merin (2014), it has been observed that effective rotation of the working capital can be very helpful to increase the profit margin of the organization without increasing the sales volume or reducing its expenses. It helps the firm to reduce the amount of debt financing and cost of debts. Moreover, proper rotation of working capital can also reduce many unwanted costs, such as, material damage, spoilage, bad debts etc. (Monto, 2013). Importance of Working Capital for Debt Financing:- Adequate amount of working capital can not only help the firms to generate more cash flows and net profits, it can also ensure short term debts from the banks through other means also (Michalski, 2014). The firm can obtain debt financing through the sound working capital structure in the following ways:-1) The companies with high accounts receivables balance can obtain short-term loan by accounts receivable credit line. The credit lines can be extended with the increase in the receivable amount due to enhanced sales volume (Hoskin et al., 2014). 2) The banks use to provide inventory loans. This type of short-term loan is very much helpful for the producers of fully or partly seasonal products. Generally before the peak season, the producers use invest most of their funds in production and require additional funds in the peak season to continue its operations. They can obtain inventory loan on the basis of the inventories before the peak season to meet the additional requirement of fu nd at the time of peak season and easily pay the debts at the end of the season by selling the products (Foley et al., 2012).Apart from that adequate amount of working capital can help the organizations by the following means also:-Sound working capital cycle maintains the solvency of the firm. Negative working capital may lead the firm to bankruptcy (Baos-Caballero et al.,2012).By maintaining the working capital structure properly, the firm can be able to encash its credit sales quickly and also get the regular return on short-term investment (Abuzayed, 2012).By sufficient working capital, the firm use to get regular supply of raw material. Thus, it can maintain uninterrupted production system and deliver the finished products to the customers on time (Vlaovi-Begovi et al., 2013).With adequate working capital, the firms can pay its creditors properly and earn cash discounts from them. The firms, which use to enjoy these advantages by following proper working capital structure, are able to maintain high goodwill in the market. All these factors indicates that the firms have steady revenue generating capacity and also pays the creditors on regular basis (Jagongo Makori, 2013). Moreover, the firms, with amount of adequate working capital, can pay off its debt in crisis period also. Therefore, the banks use to prefer such firms more providing short-term credits (Lorange Datson, 2014). Issues in Sengupta Fibres Ltd.:- Sengupta Fibres Ltd. has been suffering greatly by the shortage of cash funds. The case study reveals that the company has been earning handsome amount of profits over the years. But still for cash payments, it has to depend on the debt financing. From the analysis of Davies and Merin (2014), it is cleared that the company is totally unable to convert its revenues into liquid cash. Further, the owner of the company use to pay the excess funds as dividends to the shareholders instead of retaining in the business or utilizing it to pay off the debts. The situation has become worse as the bank has declared that it will not provide any further cash support to the company as the company has failed to repay the debts on time. The bank will provide finance support only if the company can provide proper financial projection plan (Enqvist et al., 2014). Recommendation for Proper Working Capital Structure:- From the above discussion, it can be stated that to satisfy the requirement of the bank, the company should not only exhibit higher profits but also has to show proper working capital structure, which can ensure the bank about the repayment of short-term debts. For that, the company has to improve its working capital structure. The company should look out for a proper solution to develop a proper working capital cycle (Jain et al., 2013).The working capital cycle along with the factors of working capital are shown in the following chart:- It should be noted that all the factors are closely related with each other. Therefore, if any one of the factors is not taken care of properly, then the total structure will lose its effectiveness (Uremandu et al., 2012). From the case study, it can be stated that Sengupta Fibres Ltd. should give more importance to the following aspects to improve its better working capital cycle:- Inventory Management:- As shown in the chart, inventory or stock is one of the major factors of working capital. For an effective working capital, it is very necessary to maintain exact and proper quantity of raw materials inventory. The company should fix the safety stock level and re-ordering level of raw material (Akoto et al., 2013). The management has to ensure that the levels are maintained properly. Moreover, for finished goods inventory, the level of ordering should be maintain as per the monthly sales projection and it has to be ensured by the warehouses that the finished goods are cleared properly. Receivables Management:- Every business firm wishes to sell its product on cash basis. But practically it is not possible due to the trade policies and market trends. Sometimes the firms use to provide credit terms for increasing its sales (Michalski, 2012). The normal credit period of Sengupta Fibres Ltd. is 45 days. Hence, the company should collect 50% of the total sales revenue of a given month within the next month and the balance 50% in the 3rd month. But as per records of Mr.Ashok, the company use to collect 40% of the sales in the next month and 60% on the 3rd month. Therefore, the management should give more focus on the cash collections. It should ensure that all the sales amount of a certain month should be collected within the first 15 days of the 3rd month of sales. Otherwise the funds requirement for the operating activities would be increased. As the aftermath, it may eventually lead to cash crisis (Napompech, 2012). Cash Management:- Cash is the most important asset for any business firm. It is the most liquid form of asset. As a matter of fact, it can be noticed in financial statements of most of the company that the proportion of cash and cash equivalent assets use to be smaller than other assets. But, it is very essential for the regular operational activities. Therefore, the companies should use the cash asset more efficiently. One of the major problem of Sengupta Fibres Ltd. is the shortage of cash. Therefore, the management should prepare the cash budgets properly and tally it with the actual cash flow statement on regular basis (Al-Mwalla, 2012). Moreover, the company has to pay the excise duty at the time of departure of the goods. Being a statutory payment, the excise duty cannot be withhold for longer period unlike other regular payments. Therefore, the company more cash funding than the limit, set by the management. To solve the issue, the company has to lower down the cash outflows related to dividend payments, as it is the only cost, which is under the direct control of the management (Michalski, 2014). Reference List:- Abuzayed, B. (2012). Working capital management and firms' performance in emerging markets: the case of Jordan. International Journal of Managerial Finance, 8(2), 155-179Agha, H. (2014). Impact of working capital management on profitability.European Scientific Journal, 10(1)Akoto, R. K., Awunyo-Vitor, D., Angmor, P. L. (2013). 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