Study On Internal And External Sources Of Finance Finance Essay - Free Essay Example

Sample details Pages: 6 Words: 1749 Downloads: 4 Date added: 2017/06/26 Category Business Essay Type Research paper Did you like this example? Finance is essential for business operations development and expansion finance is core limiting factor for most businesses and it is crucial for business to manage their financial resources properly. Finance is available to a business from variety of sources from both internal and external. It is also essential for business to choose most appropriate source of finance to its several needs as different sources have its own benefits and costs. Don’t waste time! Our writers will create an original "Study On Internal And External Sources Of Finance Finance Essay" essay for you Create order Sources of finance can be classified based on a number of factors they can be classified as Internal and External factors Short Term and Long Term or Equity and Debt which would be easy to classify the sources as internal and external. Internal Sources of Finance: Internal sources of finance are the funds which are available promptly within the organisation. It consists of Personal Savings Retained Profits Working Capital Sale of fixed assets Personal savings: The amount of personal money of an owner or partner or share holder of business may execute anything at his administration when the business seeks to borrow the personal money of investor for a financial business needs this source of finance is known as personal savings. Retained Profits: Retained profits are undistributed profits of a company. Not all the profits made by a company are distributed as dividends to its shareholders. The remainder of finance is saved by the business as a backup in tim es of financial needs and maybe used later for a companys development or expansion retained profits are valuable at no cost source of finance. Working Capital: Working capital refers the sum of money that a business uses its daily activities. Working capital is the difference of current assets and current liabilities (working capital = current assets current liabilities). Proper working capital management is also vital as it also a source of finance for a business. Current Assets: Current assets are also known as cash equivalents because they are easily convertible to cash. Current assets consist of Stock, Debtors prepayments, Bank and Cash these assets are used up, sold or keep changing in short run. Stock: This refers to the stock of goods available to the business for sale at given time. It is very important to maintain the right amount of stock of goods for a business. If stock levels are too high it means that too much of money is being held up in the form of st ock and if stock levels are too high it means that too much of money is being held up in the form of stock and if stock levels are too low the business will lose possible opportunities of higher sales. Debtors: Debtors is a type of business in which customers building up on the trade having been bought the businesss goods or service on credit. If a business has cash flow problems it can maintain a low level of debtors by encouraging the debtors to pay as early as possible. Prepayments: These are the expenses paid in advance the payment is being made even before the payment occurs is a prepayment. Bank and cash: Bank is the cash held in banks and cash is money held by business in the form of cash. Having too much of money in the form of cash is also not good for a business since it can use that money to invest and earn a return but however a business should have healthy current ratio(Current Assets : Current Liabilities) of 2:1 Current Liabilities: Current Liabilities are short-term debts that are in immediate need of settlement. Some examples of current liabilities creditors accruals proposed dividends within a year. Creditors: also known as trade creditors. Trade creditors are Suppliers from whom the business purchased goods on credit. Paying the creditors as soon as possible will ease cash flow requirements for a business. Accruals are the expenses owed by the business. Dividends proposed are the dividends payable for the year that is not yet paid. Tax owing is the sum of money owing as tax  [i] External sources of finance: Sources of finance that are not internal sources of finance are external sources of finance. External sources of finance are from sources that are outside the business. External sources of finance can either be: Ownership capital or Non-ownership capital Ownership capital: Ownership capital is the money invested in the business by the owners themselves. It can be the capital funding by own ers and partners or it can also be share bought by the shareholders of a company. There are mainly two main types of shares. They are: Ordinary shares Preference shares Ordinary shares: Ordinary shares also known as equity shares are a unit of investment in a company. Ordinary shareholders have the privilege of receiving a part of company profits via dividends which is based on the value of shares held by the shareholder and the profit made for the year by the company. They also have the right to vote at general meetings of the company. Companies can issue ordinary shares in order to raise finance for long-term financial needs. Preference shares: Preference shares are another type of shares. Preference shareholders receive a fixed rate of dividends before the ordinary shareholders are paid. Preference shareholders do not have the right to vote at general meetings of the company. Preference shares are also an ownership capital source of finance. There are several ty pes of preference shares. Some of them are Cumulative preference share, Redeemable preference share, Participating preference share and Convertible preference share. Cumulative preference shares if a company is in a loss making situation and is unable to pay dividends for one year then the dividend for that year will be paid the next year along with next years dividends. Redeemable preference shares these preference shares can be bought back by the company at a later date. Normally the date of redemption is usually agreed. Participating preference shares give the benefit of additional dividends to its shareholders above the fixed rate of dividends they receive. The additional dividend is usually paid in proportion to ordinary dividends declared. Convertible preference shares convertible preference shareholders have the option of converting their preference shares to ordinary shares. Non-ownership capital: Unlike ownership capital, non-ownership capital does not allow the lender to participate in profit-sharing or to influence how the business is run. The main obligations of non-ownership capital are to pay back the borrowed sum of money and interest. Different types of non-ownership capital: Debentures Bank overdraft Loan Hire-purchase Lease Grant Venture capital Factoring Invoice discounting Debentures: Debentures are issued in order to raise debt capital. Debenture holders are not owners but long-term creditors of the company. Debenture holders receive a fixed rate of interest annually whether the company makes a profit or loss. Debentures are issued only for a time period and thus the company must pay the amount back to the debenture holders at the end of the agreed period. Debentures can be secured, unsecured, fixed or floating. Secured debentures are debentures that are secured against an asset. They are also called mortgage debentures. Unsecured debentures these debentures do not have an asse t as collateral. Fixed debentures have a fixed rate of interest. Floating debentures do not have fixed rate of interest and are not tied to any specific asset. Bearer debentures these debentures are easily transferable. Registered debentures are not easily transferable and legal procedures have to be followed in case of a transfer. Convertible debentures can be converted to stock at the end of the debenture repayment date. DIFFERENCES BETWEEN LONG/MEDIUM TERM AND SHORT TERM SOURCES: Introduction: Finance sources may be internal or external but they may also be short medium or long term Short Term: Short term Finances the business up to 1 year Medium Term: Medium term finances the business up to 5 years Long Term: Long term finances the business more than 5 years Short Medium and long term Sources: Long Term Medium Term Short Term Personal Resources Personal Resources Personal Resources Ordinary Share Capital Bank Loan Bank Loan Bank Overdraft . ii Long term Sources: Long Term Sources generally refer to those requirements of funds which are for a period exceeding 5-10 years. All investments in plant, machinery, land, buildings, etc., are considered as long term financial needs. Funds required to finance permanent or hard core working capital should also be procured from long term sources. Medium term Sources: Medium Term refers to those funds which are required for a period exceeding one year but not exceeding 5 years. For example, if a company resorts to extensive publicity and advertisement campaign then such type of expenses may be written off over a period of 3 to 5 years. These are called deferred revenue expenses and funds required for them are classified in the category of medium term financial needs. Sometimes long term requirements, for which long term cannot be arranged immediately, may be met from medium term sources and thus the demand of medium term financial needs are generated. As and when th e desired long term funds are made available, medium term loans taken earlier may be paid off. Short term financial Sources: Short Term Sources takes place to finance in current assets such as stock, debtors, cash, etc. Investment in these assets is known as meeting of working capital requirements of the concern. Firms require working capital to employ fixed assets gainfully. The requirement of working capital depends upon a number of factors which may differ from industry to industry and from company to company in the same industry. The main characteristic of short term financial needs is that they arise for a short period of time not exceeding the accounting period, i.e., one year. The basic principle for meeting the short term financial needs of a concern is that such needs should be met from short term sources, and for medium term financial needs from medium term sources and long term financial needs from long term sources. Accordingly, the method of raising funds is to be decided with reference to the period for which funds are required. Basically, there are two sources of raising funds for any business enterprise. Viz., owners capital and borrowed capital. The owners capital is used for meeting long term financial needs and it primarily comes from share capital and retained earnings. Borrowed capital for all the other types of requirement can be raised from different sources such as debentures, public deposits; loans form financial institutions and commercial banks, etc.

The Life of William Shakespeare Essay - 664 Words

â€Å"Sweet the use of adversity which is like a toad, ugly and venomous, wears yet a precious jewel in his head.† (William Shakespeare: As You like It, Act ll scene l.) William Shakespeare, the name of a much appreciated and famous playwright/writer, who is this man? Who is the man many English experts from around the world regard as the â€Å"most read and performed playwright in the world†? (Shakespeare’s life: April 23, 2014). Where was he born? Who was his family? Where did he live? Who exactly was William Shakespeare? John and Mary Shakespeare were simple people dealing in farm equipment and wool, when they brought William, the third out of eight children, into the world on April 23, 1564, in the quiet town of Stratford. Joan the first child†¦show more content†¦They soon found themselves with three kids, Susana being the first (born in 1583) followed by the twins, Hamnet and Judith in 1585 (William Shakespeare’s biography: April 23, 2014). The time period of 1585 to 1592 are recorded as the â€Å"lost years† because what William did, and lived is hazy, and regarded as unreliable informations. It was, however, recorded that Hamnet died in an unexplained accident in 1590 (Shakespeare’s life: April 23, 2014). Following the lost years was hi introduction into the theater and writing career, although that wasn’t always easy, he was torn between work in London and his family in Stratford, approximately thirty-three miles away. In 1592 William reappeared as an â€Å"upstart crow†, in a pamphlet by Robert Green. By 1592, William had also already wrote and performed the plays ‘Henry iv series’, and ‘The comedy of Errors’. In 1593 when the theaters closed down due to outbreaks of the bubonic plague, William wrote two long narratives ‘Venis and Adonis’, and ‘The Rape of Lucrece’. 1594 Shakespeare became a shareholder in the lord chamberlain’s men, a popular acting company in London. By 1595 Shakespeare, along with other men, joined together to establish the polygonal theater. Through all his works, by 1600’s Shakespeare’s name was well established in London (William Shakespeare: April 23, 2014). By 1616 Shakespeare health was declining drastically. In March of 1616 he went and had a willShow MoreRelatedWilliam Shakespeare s Life And Life1307 Words   |  6 Pages William Shakespeare s life was very interesting, to say the least about him. â€Å"An English playwright and poet, William Shakespeare is often considered the greatest dramatist the world has ever known and the most recognized poet in the English language† (Lindaman). From a very young age, William was a very bright kid, who had gained a love for theater. Ever since that love as a kid, it only grew stronger. Not only did he have a love for theater, but also poetry. Throughout Shakespeare’s life familyRead MoreEssay on The Life of William Shakespeare1042 Words   |  5 PagesThe Life of William Shakespeare William Shakespeare is one of the most identifiable icons of England. Shakespeare was one of the greatest and most influential playwright and poet during his lifetime. He is known as the greatest dramatist of all time due to his many poems and plays, such as â€Å"Shall I Compare Thee To A Summers Day?† and Romeo and Juliet. However, despite being so well known in the world of literature, there is not much known about the childhood of William Shakespeare. William ShakespeareRead MoreWilliam Shakespeare s Life And Life3795 Words   |  16 PagesResearch Paper March 23, 2016 William Shakespeare was born on April 23, 1564, in Stratford-upon-Avon to John Shakespeare and Mary Arden. Shakespeare was assumedly educated at the King?s New School in Stratford with an ?emphasis on the Latin classics, including memorization, writing, and acting classic Latin plays,? writes an article entitled Shakespeare?s Life, found on Foldger Shakespeare Library. He most likely attended until around age fifteen. In late 1582, Shakespeare at age 18 married Anne HathawayRead MoreThe Life of William Shakespeare669 Words   |  3 PagesWilliam Shakespeare, extensively known as one of the greatest writers in the history of the English language in addition to England’s National poet. He has been responsible for the construction of an impense amount of histories, comedies, tragedies and poems. A portion of plays written by William Shakespeare were constructed and designed to influence his audience in many different ways. Wither it be social, cultural or economical each play would stimulate the thoughts and emotions of the audienceRead MoreWilliam Shakespeare s Life And Life3055 Words   |  13 PagesResearch Paper March 23, 2016 William Shakespeare was born on April 23, 1564, in Stratford-upon-Avon to John Shakespeare and Mary Arden. Shakespeare was assumedly educated at the King?s New School in Stratford with an ?emphasis on the Latin classics, including memorization, writing, and acting classic Latin plays,? writes an article entitled Shakespeare?s Life, found on Foldger Shakespeare Library. He most likely attended until around age fifteen. In late 1582, Shakespeare at age 18 married Anne HathawayRead MoreThe Life and Works of William Shakespeare 2100 Words   |  8 Pages William Shakespeare was born the third child and the first son of John Shakespeare and Mary Arden. It is estimated that he was born on April 22 or 23 of 1564 in Stratford-upon-Avon and he died on April 23 of 1616. For that reason it is typically said that his birthday was also on April 23(Lee 8). He married Anne Hathaway and they had three children. William Shakespeare was a man of many talents who wrote numerous pieces in his lifetime. He wrote comedies, histories, tragedies, and romances. ShakespeareRead MoreWilliam Shakespeare s Life Experiences997 Words   |  4 Pages Kemal 1 Ayesha Kemal Mrs. Holcombe Period: 7 10/05/14 Shakespeare’s Life Experiences William Shakespeare was born on April 26, 1564 to John and Mary Shakespeare. As a child Shakespeare grew up in the town of Stratford-upon-Avon in the United Kingdom. He grew up attending a school called King Edward VI School, where he learned to read, write, and use proper grammar. He continued to attend school until his family had some economic hardships and he was unable to attend university. Instead he got marriedRead MoreEssay about The Life of William Shakespeare1274 Words   |  6 Pages William Shakespeare was a very talented man known for his various works of literature. His works include poems, plays, and sonnets. His works are then broken down into tragedies, comedies, and histories. Shakespeare left this world centuries ago, but his writings continue to live throughout the world today. He has greatly impacted the world of literature and his existence will forever be remembered. In 1564, William Shakespeare was born in Stratford-upon-Avon (Hazell 32). It seems thatRead MoreLife Of The Mother By William Shakespeare1360 Words   |  6 Pageslife of the mother. Marquis believes that abortion is almost always morally impermissible, except in extreme circumstances, because the fetus has a future life. I will simply evaluate each of the authors reasonings that defend their belief, and give my argument for why I believe Don Marquis’ essay is more convincing. (SUMMARY DEFENSE OF ABORTION) Thompson begins by stating â€Å" a fetus is a person and that killing a person is, in essence, murder, and thus morally wrong.† Thompson uses many analogiesRead MoreWilliam Shakespeare s Life And Accomplishments1819 Words   |  8 PagesAs we all know William Shakespeare was a well known and a highly sought after writer, but did he really deserve all that fame? As early as 1709, with Nicholas Rowe s publication of his edition of Shakespeare s works, the little information that we had about William Shakespeare began to show. Other than several early minor accounts, the preface of Nicholas Rowe s edition contained the first biography of William Shakespeare. Rowe presented eleven known facts about Shakespeare s life. By 1821, however

Ice Hockey free essay sample

As I timidly stepped onto the ice,I faltered, and reached for support. The rink that was like asecond home to me had suddenly been transformed into foreignterritory; most likely because of my new uniform and alienweapon. My face felt caged in, as if those thin metal barswere not only meant to protect my face, but to cut me off fromthe outside world. My body felt heavy, my presenceself-conscious and aware of the bodies that glided by withease, and curious looks. These foreigners had every right tobe curious; not only was I a newcomer, I was the only playeron the ice with a long blonde ponytail flowing from myhelmet. My transition from figure skating to ice hockeywas not a spontaneous one; it was a passion I had longed tofulfill and been contemplating for some time. Silenced by myquiet nature and fear of my parents reaction, I hadsuppressed this secret. I feared their disappointment,especially after all the time, effort and money theyd spenton my figure skating. We will write a custom essay sample on Ice Hockey or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Looking back on that ordinaryspring day eight years ago when I declared my boredom withfigure skating and my interest in hockey, I breathe a sighwith many meanings. A sigh filled with relief for a decisionthat had the most positive and significant impact on my life.A sigh laced with fearless determination fed by my drive tobecome equal with the males on my team. For five yearsI was the only female on my team, and one of the few in myleague. I usually received one of two reactions: either aflirtatious Can I have your phone number? or the alwayscomforting extra check and punch in the face. When asked formy number, I replied with in your dreams, or a mockinglaugh. In response to the checks and punches, I retaliatedwith the same force, just enough to lower the aggressorstestosterone and ego a few levels. This challengingsport not only helped me overcome my timid nature, it gave mea confidence and strength of both mind and body I neverthought possible. This self-confidence flourished both on andoff the ice, helping me to excel academically and socially, aswell as athletically. I began concentrating on what was mostimportant to me; I stopped worrying about what others thought. My metamorphosis was triggered when I began playinghockey; I emerged from my cocoon to reveal my true colors. Theexperiences and situations, both positive and negative,encountered during the eight years of hockey have shaped mypersonality, values and future. I may never get theopportunity to become a professional hockey player, but theamount of self-worth I feel as a result of the demanding yearsis rewarding enough. Not that I would mind a championship ringfrom the WNHL on my finger .

ch. 12 intro. to music Flashcard

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The Movie Mr. Bones Produced by Anant Singh

The Movie Mr. Bones Produced by Anant Singh Introduction Historians and social scientists have presented various impacts of white colonization to different societies. In historical works, scholars present the British as the master and the owner of property within the colonized societies. Most scholars assert that all the colonizers were rich, powerful, and influential. This argument has become a truth in the current political and social societies, as evidenced by the unabated blame from the colonized to the colonizers.Advertising We will write a custom essay sample on The Movie Mr. Bones Produced by Anant Singh specifically for you for only $16.05 $11/page Learn More However, the purpose of this essay is to present a contrasting scenario of the ‘whites’ in a colonial country based on the movie Mr. Bones by Anant Singh. The producer illustrates a story of a white man who embraced the African culture to an extent of becoming a magician of a fictional Kuvukiland. Particularly the essay descr ibes the plot, analysis and undertakes a critical evaluation of the movie. Description of the movie; ‘Mr. Bones’ A videovision Entertainment production and directed by Anant Singh, Mr. Bones is a fictional story in a traditional south African geography illustrated by Kuvukiland. Mr. Bones, the protagonist, is a white man and interestingly a magician. His role is to mediate between the people of Kuvukiland and their god, known as â€Å"the great one†. The story begins with Mr. Bones presiding over the traditional marriage of the Kuvukiland king, King Ekule. Before Mr. Bones authenticates the marriage, he first performs the rituals using his ‘bones’. Controversy of the story occurs when an Indian man interrupts the marriage ceremony. The man offers a necklace to the king with a precious stone before he dies on the hands of the king. Suddenly, the stone starts to haunt the king; Ekule transforms into a violent Indian man. As all the people in the ceremo ny run for their safety, Mr. Bones is busy pleading to the â€Å"mighty one† to take away the evil spirit from the society. Finally, the god responds and the king transforms back to Ekule. Because of the condition of the king, Mr. Bones seeks for a solution from the â€Å"mighty one†. Through a series of magic and pleading, Mr. Bones establishes that the king should return the precious stone to its home to discard the haunting spirit. In their hunt for the home of the stone, Mr. Bones and his King, Ekule, end up in an Indian town but they do not know the exact geographical position of the town. When Mr. Bones performs his magic, â€Å"the mighty one† directs them to a woman in a red dress. They finally land to Renshi, an Indian woman who develops interest with the stone since her fiancà ©, Kuyti, is a professor in gemstone and she promises to accommodate them in the city. Kuyti investigation establishes that the stone is precious and valuable, in fact, with a v alue of more than $ 6 million US dollars. Because Mr. Bones and his king are nescient and backward, Kuyti deceits them that the stone has no value- it is a glass.Advertising Looking for essay on art and design? Let's see if we can help you! Get your first paper with 15% OFF Learn More Despite his lies, Mr. Bones maintains that he should have the custody of the stone and grabs it away from Kuyti. The story continues with a series of attempts by Kuyti to steal the stone from Mr. Bones but all end in vain. Finally, Mr. Bones, Renshi, and King Ekule emerge the victors after successfully returning the stone to its origin (Singh). Although the story contains traditions, which are no more in practice, its intended audience includes the modern political and social societies, which the British colonized. It is a story, which demonstrates to the historical scholars that not all the British were colonizers; some were at the service of the society. It also demonstrates t o the social scientists the impact of the African culture to other societies such as Britain and Indian (Singh). This work is a form of entertainment to the children as it is rich in comical scenarios. Lessons learnt from this work touches societal levels ranging from children to adults, historians to social scientists and politicians. Analysis Purposely, Anant Singh aims to change the perception of the society about the colonization of the world by the European superpowers. Scholars have explored the effects of the colonization particularly to the cultures of the societies colonized with a general assertion that colonizers degraded and imposed their culture to such societies. By using the character of Mr. Bones, a white and indeed a colonizer, Singh demonstrates that there were those whites who assimilated, perhaps colonized by the cultures of the society. The producer uses geographical setting of South Africa; it is the longest colonized society in the world. This has a revelation that not all the whites were indeed colonizers; some loved the cultures of those societies and as illustrated by the character of Mr. Bones, came to integrate with the local people. Singh brings the Indian character into the story to reveal their entrepreneurship efforts and love for money. Professor Kuyti is an outstanding character in this demonstration. Since the story dates back to 1880s, it is vivid that entrepreneurship is a hereditary skill among the Indians. Although English is the main language in presentation of the story, the writer has used a variety of colloquialisms. The author uses the terms â€Å"great one† to describe the power and the might of the god of the Kuvukiland. In order to illustrate the backwardness of Mr. Bones and the people of Kuvukiland comically, the writer uses â€Å"dragon fly† or â€Å"flying monster† to describe an airplane and â€Å"hippo and cockroach† to describe a lorry.Advertising We will write a custom e ssay sample on The Movie Mr. Bones Produced by Anant Singh specifically for you for only $16.05 $11/page Learn More In order to show the Indian perception over the other races, Kuyti refers to Mr. Bones and King Ekule as â€Å"the brothers to baboons†. It is worth noting that the colloquialisms used in this story are simple and direct for the audience to interpret. As mentioned earlier on, this story intends to entertain and educate children and impact on the perception of the scholars on colonization. Critique The story represents the characters as strongly clinched to their traditions and customs. Mr. Bones and King Ekule represent a typical society under colonization while Renshi and Kuyti illustrate a typical Indian society. In fact, these characters conform to traditions of their societies and as a result, they offer several effects to the society of the 21st century. The story reinforces the cultural expectations of an Indian society among the audience s. In contrast, it narrates a different story of colonization to the viewers; it illustrates how the whites were assimilated into the culture of a colonized society. This will change the common knowledge that the white colonizers degraded the cultures of the societies they colonized. According to Schmidt, the public knowledge about issues in the society depends on the information broadcasted in the media (1). It is therefore justifiable that the audience’s perception on this matter of history will change and perhaps offer insight to elicit more studies into the history on the subject. To the audience, the story aims to kindle some emotional responses. First, the audience should believe that the cultural degradation was not a result of colonization by the whites but due to cultural relationships, as represented by the character of Mr. Bones. Secondly, scholars and historians should further contest on their assertions on the effect of colonization to cultures in the colonized s ocieties in order to offer conclusions that are more convincing. The story, though indirectly, has political effects to most societies all over the world. Media plays a very crucial role in political decision-making (Brigg and Muller 132). Political blames by the once colonized societies to their former masters are likely to reduce. Since the story has revealed that colonization was a ‘two-way’ process, no party therefore, should blame the other for issues arising from colonial times. In a broader perspective, the political relationship among all the races of the world and hence international relations will improve. Conclusion The character of the white magician, Mr. Bones, in a black society is a revelation to the modern society that the culture of the colonized society assimilated and colonized some colonial masters.Advertising Looking for essay on art and design? Let's see if we can help you! Get your first paper with 15% OFF Learn More This is a fact, which most historical studies have never ventured to explore. Besides presenting this academic position, Singh illustrates the comedy of an uncivilized society through the characters of Mr. Bones and King Ekule. The story has great social, cultural, and political effects to the modern societies. Mr. Bones’ storyline is indeed a resolution to the conflicts of the 21st century. Brigg, Morgan and Muller, Kate. â€Å"Conceptualizing culture in Conflict Resolution.† Journal of Intercultural Studies 30.2 (2009): 121-140. Schmidt, Diane. â€Å"Public opinions and media coverage.†Journal of Labor Research 14.2 (1993): 1-2. Singh, Anant, dir. Mr. Bones. Videovision Entertainment, 2008. Film.

The Responsibility Project Essay Example | Topics and Well Written Essays - 750 words

The Responsibility Project - Essay Example He just put a block of carrot in place of the missing wheel to balance the chair. The film ends with the concern being settled because someone was selfless and became willing to sacrifice in addressing the needs of others before his own. The film illustrates negative behaviours within an organization – avoiding responsibility and passing problems to someone else. It shows how the worker who first had the chair problem refused to resolve it and just tried to get away with it. It was not only him but also his coworkers did the same thing. In an organization, workers have the tendency to deny their mistakes and hide them as much as possible. This negative practice would most likely result to unresolved problems and conflicts. It also defies the importance of teamwork and respect for others. Nevertheless, the value of sacrifice and selflessness was also demonstrated in the film, which was another example of lack of cooperation. The film shows how an office can be a better place if only each individual would show initiative, problem-solving skills, respect and concern for others, and equality. It also shows that a particular burden of an organization should not be the burden of only one person, even though he is w illing to take charge of the problem. The film also targets the negative implications of having unresolved problems or unaddressed issues in an organization. The bad habits illustrated in the film, when tolerated, could put the survival of an organization at risk. It shows that the workers could not really be trusted even with a minor setback such as a dilapidated chair. If these practices strongly exist in an organization, they would create an unhealthy and discouraging work environment. The issues illustrated in the film create awareness among viewers that unhealthy behaviour really exists in organizations, thus, encourages us to make ways to

Design an evaluation scheme for the Heart of Hackney regeneration Essay

Design an evaluation scheme for the Heart of Hackney regeneration project - Essay Example Hackney becomes a prime business location targeting a low carbon economy and innovative high value manufacturing (Hackney, 2010). It also believed that the developments in the housing stock, schools and public realm make Hackney an attractive location to live in, visit and work at. This paper will proceed to provide an evaluation scheme for the Heart of Hackney regeneration project. The Heart of Hackney regeneration project is a major undertaking not only for the borough but as a national initiative to address urban degradation. The 2012 Summer Olympics became a good excuse to prioritize East London as problems about urban sprawl become international in significance due to global warming and growing integration of cultures. In addressing the objectives and implicit theory of change by the Heart of hackney regeneration project, it is imperative to dig through its economic goals, the underlying factor for all growth aspirations. In the consultation draft (Hackney, 2010), the Hackney Council set the Economic Development Strategy. It acknowledged the opportunity that the borough has at the moment which it also needs to seize in order to fit as â€Å"an engine for London’s renewed economic growth,† (Hackney 2010, p 2). In general, the EDS objective is to help shape the local economic direction in order to provide long-term prosperity for the residents. The Council acknowledged that despite the recent employment growth in Hackney placing it just one percent below the London average did not spell the ideal as the borough still is considered the second most deprived in England due to long-term unemployment. Specifically, the program is currently focused on its Ways into Work program. A mentioned in the report, Hackney is providing interventions to out-of-school youths and unemployed individuals in the form of volunteerism, training, temporary employment, and other means to