What is the meaning of share value maximization?

The shareholder value represents the interest of stakeholders in a business. Shareholders experiences or seems to see an increase in the value of their shares through dividends or gains at stock exchange. Share value maximization is one of the principles used by management to prioritize the interests of shareholders through projects that will increase profits and ultimately the share dividends. Stock price maximization involves adoption of low cost and efficient processes so as to manufacture goods and services of high quality at the lowest cost possible.Thus, by adopting new technology to produce required goods and services by consumers, is beneficial to the society both in the short and long term basis. In addition, it facilitates courteous and efficient services as well as adequate stocks of merchandise (Kellison, 1991). Discuss the time value of money concept. What is discounting and how is it related to compounding? What is compounding? Explain why earning interest on interest i s called compound interest?Time value of money is concept used in financial management to compare alternatives in investment as well as solving problems that involve mortgages, savings, loans, annuities, and leases. Time value of value of money is based on the idea that the amount of money one holds today is worth more than the expectation that he/she the same amount in future. The currently held money has high value in future as it can be invested and earn interest after some time.Discounting involves calculating or converting specific future amount/value of money at certain discount rate to establish its present value. Thus, a person is able to make judgment on whether to invest such amount of money and reap rewards in future. On the other hand, compounding refers to adding interest earned to the principal amount so that it can go on earning higher interests in its own right. The reason that initial interest earns additional interest i. e. compounded is why it is called compound i nterest (Kellison, 1991).Explain the following statement: While the balance sheet can be thought of as a snapshot of the firm’s financial position as of a point in time, the income statements reports on operations over a period of time? The balance sheet shows the financial position of an enterprise in terms of net assets, capital (stockholder’s or owner’s equity), and liabilities as at the end of a specific fiscal period. At any moment in time, assets are equal to the owner’s equity plus liabilities. Liabilities represent creditor’s claims against the assets of an enterprise.Thus, a balance sheet facilitates a business owner to quickly assess the financial capability and of his/her business. Income statement shows all the business transactions in terms of sales and purchases made, revenue collected, and expenses incurred in given period of time. Therefore, the primary use of income statements is to testify if a company is making profit or loss for a given period of time to the shareholders or potential investors (Frank, 2004). Why is it sometimes misleading to compare a company’s financial ratios with those of other firms that operate in the same industry?First, it is in doubt that different companies apply or use different accounting policies to govern their financial operations. Therefore, a specific accounting policy applied by a certain company may not be similar to another’s policy. For instance, a company may apply accrual basis concept whereas another doest not recognize accruals until they are paid. Secondly, companies operate differently in terms of business activity and management for instance, companies may be in the same industrial sector but they engage in different activities such as production of raw materials and processing.In such a case a production company may be affected by adverse conditions like weather whereas the other is favored by industrial-processing subsidies offered by the governme nt which translates to healthier financial ratios. In addition, some financial managers of certain companies are unscrupulous and such individuals can calculate unprofessionally to lure potential investors. Proper comparison can only be achieved if there are established industrial standards within which all companies can draft their financial ratios (Ibid, 2004).

Bench Strength

Any thriving business is cognizant of the fact that their success hinges significantly upon the services and loyalty of key personnel, as well as the ability to attract, retain and motivate qualified staff. Of course it does not stop with hiring and retention, the most important aspect of human resources is to be able to recognize potential leaders and train them accordingly so as to prepare them for more responsibilities and leadership roles as they grow with the company. The term bench strength refers to the depth of any given company’s pool of qualified and potential executives and managers.These short-listed people are being groomed to go up the corporate ladder, in a seamless succession of leadership that will bring stability and increased growth for the company. To make sure that the potential leaders will be up to the task, every company must invest in the training and development of their personnel. This training and development program is so designed in such a way tha t will harness the skills and strengths of these people, in the hopes that they will be able to steer the company through rough waters and towards higher grounds.Potential leaders must be identified, mentored, and exposed to all levels of the company’s operations. This way, these people are able to gain a broader and deeper insight of how the business functions, and as such, be able to contribute in all the levels of operation of the business. According to Conger (2004), â€Å"Succession management must be a flexible system that is oriented toward developmental activities, and not just a rigid list of high-potential employees and the slots they might possibly fill.† An effective bench strength strategy is to create a program that successfully marries succession planning and leadership training and development. This way, the company knows the skills required for leadership positions, and training will be aligned in such a way that these skills are successfully developed . Conger (2004) further maintains that the companies that have the most success in bench strengthening programs are â€Å"those that merge succession planning and leadership development in order to create a long-term process for managing the talent roster across their organizations. †Of course a company cannot develop a succession program if its fails to institute a hiring and retention program that would ensure the appropriate fit of employees to their respective job responsibilities. Human resources must be able to attract and hire the right people the first time. If a company fails in this regard, staffing will eat into the company’s resources, and cause disruption in the business because there is frequent change in personnel, leaving the business without any real sense of succession. (Burkholder, 2003, p. 150) In such cases, some companies are forced to hire outsiders for leadership roles.While this is not necessarily bad, personnel who have been groomed for sensit ive and executive positions are will require less adjustment both from subordinates and higher-ups alike. Companies must first look within and find potential leaders among the ranks. The sense of opportunity and career growth will inspire people and motivate them to work harder and give their best performance in every endeavor. Employees who know that their efforts are noticed and recognized have no reason to leave in search of greener pastures and better opportunities.A company with loyal and hard-working personnel will also have the pool of leaders that they need for a seamless succession of leaders. This internal development program not only saves on cots in terms of cost in time and additional compensation to attract and hiring outside people, but more importantly, boosts the morale of the personnel and ensures the stability of the company in terms of human resources. Therefore before any successful succession and leadership development can be designed, an effective staffing pro gram must first be put in place.Burkholder (2003, 151) maintains that staffing â€Å"must be aligned with the rest of the organization. † This means that staffing must take a proactive role in the company, and not just act on a need basis. There are many techniques to ensure an effective staffing program. One method is called the Baldridge process. This program requires a company to take self-assessment. This self-assessment is designed to help companies align their business processes and operations with fluctuating business needs and with the highly fickle labor market. By so doing, this recognizes the strategic role of the staffing group in the business.(Burkholder, 2003, 152) The main advantage of using the Baldridge process is that it empowers the staffing group and acknowledges their value in the business. Knowing that they have full support of the company, an empowered staffing group is thus able to create better and more efficient hiring and recruitment programs that w ill ensure the best matching of people to their spheres of responsibility. The entire business must operate as a single entity, with each department geared towards forwarding the business’ core values and achieving financial success for the company.When designing or implementing any type of staffing and retention programs, it is important to involve all the employees. It is a good idea to solicit their ideas and feedback. A cross-section of all departments must give their suggestions, this is to ensure that staffing and retention practices will be highly aligned with the needs of the company. After the programs have been implemented, there must be a system that will regularly monitor and evaluate the programs.Such a system allows dfor continued improvement; buttressing the good points and working on the not-so-good aspects of the program. (Harris & Brannick, 1999, p. 206) Every organization, regardless of its size will benefit from competent people. The issue that every compa ny must address is how to invite these people and keep them once they have been hired. The next step once you have retained these leaders, is to provide them with growth opportunities that would harness their skills and competencies to the benefit of the entire business.As the company grows, your key personnel should be made capable to handle decision-making responsibilities. To achieve this, your staffing group must be explicitly involved in the planning and implementation of the company’s business plan. By being aware of the objectives of the company, the staffing group has a framework by which to design its own hiring and retention procedures and programs in such a way that contributes to the realization of these goals. (Becker, 2001, p.29) Indeed when a department knows what is expected of them and how they can help the organization, all their energies will be focused towards the attainment of that common goal. Every company must endeavor to encourage a sense of community and participation across all levels of the organization. Only then can a business ever have a chance at carving a niche for itself in the highly competitive world of the free market. References: Becker, B. E. , Huselid, M. A. (2001). The HR Scorecard: Linking People, Strategy, and Performance.Harvard Business School Press. Brannick, J. & Harris, J (1999). Finding & Keeping Great Employees. NJ: AMACOM Div American Management Association. Burkholder, N. C. , Edwards, P. J. , Sartain, L. (2003). On Staffing: Advice and Perspectives from HR Leaders. NJ: John Wiley and Sons. Conger, J. A. & Fulmer, R. M. , (2003). Bench Strength: Grooming Your Next CEO. Developing Your Leadership Pipeline. Harvard Business Review. Vol. 81, No. 12. Retrieved on August 5, 2007 from http://hbswk. hbs. edu/archive/3855. html

Hitler, the Demise of a Demigod

Hitler, the Demise of a Demigod The will of a single man was powerful enough to alter the course of the world; that Is the story of Doll Hitler. Hitler inspired his people to hope for the betterment yet he himself fell into more and more despair the passage of time. As the First World War left Germany not only devastated but also humiliated, a failure of a painter who also happened to fight in the front lines, felt infuriated and betrayed by the surrender, took it upon himself to set things right. He proved himself to be quite an artist, may be not so much on the canvas as with words.Eloquence being his forte, he climbed up the social ladder rather quickly in the midst of all his struggles. With Doll Hitler becoming more and more synonymous to the Nazi Germany, he led his people to an unprecedented era of prosperity but that came at a price, by straining a certain portion of the population, the Jews. In 1938 Hitler annexed Austria into Germany without firing a single shot; he was the man of the year not for nothing. It Is an Irony how Nazism or National Socialism recognized both capitalism and communism as evil but ended up Itself falling from grace.Along with nationalism and racialism, ideas such as irredentism and expansionism dominated the Nazi ideology. Hitler understood the importance of exploitation colonialism. Thus for Germany he wanted Russia to be what colonial India was to the British Empire. His previous victories against the allies intoxicated his mind, dulled his reasoning. He was slowly but surely losing touch with reality. His decisions were raising the stakes higher and higher. It is to be noted that he did not just believe in racial superiority, he intended to prove it as he tried to do so In the 1936 summer Olympics. Nan Germany's' Justifying of socialDarwinism, survival of the fittest in all life that is struggle made certain factions to go wary of their leader. One thing led to another and there were even attempts of assassination. It was n ot Just a war between the allies and the axis; it was a war between the Ideology of a single man and rest of the world. Pride Goethe before a fall. But even so 50 million to over 75 million fatalities has shown us what man is capable of. After all, God did create man In his own Image. Rather than being pessimistic, It shows capability of both great good as well as evil. Humanity can still be saved, all hope Is yet not lost.

Audit Strategy Report for Solid Bank Plc Research Proposal

Audit Strategy Report for Solid Bank Plc - Research Proposal Example The objective of this audit is to assess the risks to the Bank given the current economic environment in UK & the performance of the Bank and report to the board of directors. This audit strategy is first hand presentation and may be subject to change/modifications if deemed necessary during the audit process (proposed in accordance with the guidelines of ISA 300). This plan & all subsequent changes shall be documented & shared with all members of the customer charged with governance & management. The focus of the audit shall be on the following: (c) Identification of Bank Account statements, operating expenses & income, profit before & after tax, assets & liabilities held by the bank, share holder's equity, cash flows & equivalents, loans & advances to the customers, Collaterals, non-performing assets, and any other area that may be identified during the audit process. (d) The audit shall be carried out in full on all the accounting statements and balance sheets. Parts of the statements shall be sampled to assess compliance to internal & regulatory procedures. If non-compliances are evident then the sample sizes shall be increased at the relevant areas. (e) The Risk Management System of the Bank shall be assessed and the identified risks shall be analyzed with respect to the threats & vulnerabilities (exposures) and criticality at which the risks are logged. The risk management of material misstatements in the accounting statements shall be a part of this assessment in accordance with ISA 315. Further to this, the mitigation actions (planned as well as accomplished) against identified risks shall be assessed for their effectiveness in reducing the risk values. Wherever the controls & mitigation actions are perceived by auditors to be insufficient, the auditors shall enhance the audit scope & procedures & determine the overall responses to address the risks of material misstatement in accounting statements. The nature, timing & extent of further audit procedures shall be determined & communicated to the board of directors (ISA 330). (f) The underlying technology infrastructure maintaining the samples selected for audit shall be assessed from the perspective of access control, assignment & control of roles & privileges, cryptography or other controls used, activity logging, systems monitoring, data protection procedures (like backups, recovery testing, data consistency tests,

Qualitative critique Essay Example | Topics and Well Written Essays - 1250 words

Qualitative critique - Essay Example The study population is well defined; old people with multiple sclerosis (Ploughman et al., 2012). The abstract outlines the purposes, methods used to conduct the study, the results of the data collected, and the conclusions. The abstract in this study is in itself adequate. It presents the whole research from the objectives of the research, through the whole process and presents a conclusion of study at the end. The highlights on the purposes of the study outline what the study is all about, and this is critical in the beginning of any research where the reasons for conducting the research should be presented to the readers before the main body to give the guidelines on what to expect. The outlines on the methods used and the results of the data collected give the reader insight on the whole process and all the techniques applied during the research operation. The conclusions in the abstract highlight the whole process operations, findings and recommendations. The abstract gives an overview of the whole research paper; from the introduction through to conclusion (Fong, Finlayson, & Peacock, 2006). The researchers, Michelle Ploughman and the clue are from the Eastern Health faculty of medicine from the Memorial University. They work in coalition with the people who are disabled of St. John’s Newfoundland from the Glasgow Caledonian University in Scotland. From the institutions they work with, it is clear that they are closely affiliated with the medical field. The institutions that these companies work with are well reputed in matters dealing with medicine and hence they can undertake the studies on patients suffering from multiple sclerosis. Also, the study was supported by the personnel in the faculty of medicine, Memorial University. Also, the authors had the support of Center of the Applied Health Research in Canada and the healthcare foundation. This further indicates clearly that the researchers were qualified to undertake the study to warrant the support of the reputable departments from the faculty of medicine. This is an article in Physiotherapy journal, Canada, Vol. 64, No. 1, pp. 6-17 (Ploughman et al., 2012). The problem in this research has been stated clearly. It is stated that the problem has been more prevalent among women more than in men. Some years after the diagnosis, we learn that the course becomes chronologically progressive, and after twenty years, most people rely on mobility aids. As a result, there is a need for carrying out research to facilitate the understanding on the natural history of the MS management from the perspective of older people and help the older people as well as to help the participants alleviate fearful feelings associated with MS diagnosis. The research team decided on a qualitative study after considering the aims of the study, they also considered the literature, advocacy and discussions with MS patients. The philosophical underpinning in this research is demonstrated where the effo rts by health providers are described as uni-lateral, misdirected and futile hence the need for establishing how to help people suffering from MS, to enhance self-management. The health professionals are called upon to facilitate self-management instead of obscuring it (DalMonte, Finlayson, & Helfrich, 2004). The purpose of the research is explicitly defined. It is clearly stated in the abstract that the study sought for exploring the experience of older people who are ageing with multiple sclerosis in order to describe the self-management history

The United States's Balance of Payments Essay Example | Topics and Well Written Essays - 1250 words

The United States's Balance of Payments - Essay Example A transaction is generally referred to as the exchange of an asset for another or an asset for many other assets. International transactions are listed in the balance of payments on a double entry basis as in business accounting. This principle enables each transaction to yield two offsetting entries with values equal so that the debit and credit entries balance each other. Transactions are valued according to the market prices and are recorded in occurrence of a change of ownership. Changes of ownership on goods, services, and unilateral transfers make up the current account, transactions in financial assets and liabilities constituting the capital account. According to International Monetary Fund in its strife for international comparability, balance of payment refers to â€Å" a statistical statement for a given period showing (1) transactions in goods, services, and income between an economy and the rest of the world, (2) changes of ownership and other changes in that economy’s monetary gold, special drawing rights, (SDR’s), and claims on and liabilities to the rest of the world, and (3) unrequited transfers and counterpart entries that are needed to balance, in the accounting sense, any entries for the foregoing transactions and changes which are not mutually offsetting.† In United States, balance of payments is prepared by the Bureau of Economic Analysis (BEA) and the U.S. Department of commerce on quarterly basis. In this view, an economy is considered to be composed of economic entities with a closer degree of association to given territory than with the other. In U.S. balance of payments, the economy is made of over 50 states. Balance of payments according to the principle of double-entry of business accounting provides for every increase in an asset to be offset by decreases in other assets or increases in liabilities. As such, an increase in an

The feminization of love, How men and women are portrayed by society Research Paper

The feminization of love, How men and women are portrayed by society and the media - Research Paper Example On the other hand, love is a multi-faced movement, which varies based on situations, as well as one’s individual motives. There are many types of love, possibly as numerous as do several persons, who are loved and are in love. It entails a wide diversity of feelings characterized by some set behaviors (Robert 88). These components range from the one we feel for our parents, acquaintances, siblings, and kids to the ones we are feel for our wives or husbands. Currently love is connected to sexual relationships, a boy girl relationship may be termed as love, but, in most circumstances, it is infatuation or lust. However, what we are thinking, as love in the society is determined by women, and not by men (Gelsthorpe 53). Society in the past, viewed men and women from different perspectives. Their roles were well defined by the norms and taboos of a given society. Crisscrossing of duties was prohibited, and penalties were put in place to handle any uncouth behavior. However, changes occur every day with respect to the roles men and women play. In fact, today, their roles are reversed. This has seen the society change drastically within a short duration of time. With the transition of society, men and women continue to modify their lifestyles and way of living. In the field of administration, women are now heading countries, big organizations and small ones at the grass root level. Academically, women are now studying technical courses, which were only left for men. Women have now moved from kitchen and bedroom materials to the head of the families. Their duties and responsibilities have changed from caretakers to economically productive people in the society. Gender equity has now chipped in, and with the company of love, men can now share duties with their partners. Mode of life has further changed considerably. To some extra ordinary scenario, it has proved to be slightly complicated to allow women to participate actively. This is not due to discrimination, but the view of the society in some circumstances, women are viewed as vulnerable. For instance, a war situation. In the negative side, the society terms women as the weaker sex because occasionally, they feel annoyed if the other partner shows love with masculine behavior. They claim that it is invisible to them (Mark 36). How society view men and women culturally vary from place to place, ideas of appropriate behavior based on gender are varying among cultures along with the era. Although some aspects receive extra widespread attention than some others, Masculinities and Feminism claims that there are traditions where it has not been a taboo for men to contain homosexual relations, while there are others, who term as a vi ce, based on cultural beliefs and customs. In the 'Western' account age, when the modern caucus stated that men showed suppressed feelings of not relating, men were emotional about their feelings for their friends. â€Å"Companionship in the outback of Australian previous century is a situation in point" (Hutter 35). Further aspects, though, may differ noticeably with time plus place. In the then times, women were normally associated with roles correlated to medicine and even healing duties. As a result of the coming up of witch-hunts over Europe together with medicine institutionalization, these responsibilities finally ended up under the domination of men. Women turned to have no voice on whatever happened. In the last recent few decades, though, these responsibilities have become for the most part gender-neutral in Western civilization (Mark 178). The element of conference or traditions seems to play a leading role