Characteristics of a Successful Entrepreneurial Management...

Ronald Wirtz, (2008) makes the statement, â€Å"All the world loves an entrepreneur†. They are role models for kids, they are perceived as being honest, bright, hard-working and successful. People want to be entrepreneurs; policymakers are busy trying to find, encourage and grow entrepreneurs because of their positive effect on jobs and productivity. Greg Watson (2011) writes, â€Å"The entrepreneurial mind thrives in environments of uncertainty, diversity of culture, talent and opportunity. These three areas of characteristics provide broad insights into the mindset of the entrepreneur; perhaps the genetic makeup of the entrepreneur†. So, what are the personal characteristics required to be a successful entrepreneur? Dingee, Haslett, and†¦show more content†¦These persons may all see a different side of you. After thoroughly evaluating your entrepreneurial traits and management skills, you should be able to determine the personal risks you will run if you try to create a business. Dingee et al (1997) suggests research into successful ventures that teams perform better than one individual. Knowing this, venture capitalists also look for a balanced team. Your next step would be to analyze the business you are thinking about create and determine what skills and abilities are critical to its success in its two to three years. Next, set about building a management team, that includes people who are strong where you are weak. Then, evaluate the group by asking, â€Å"Does my team have the necessary complementary skills?† Think of yourself as a venture capitalist who has just analyzed a few hundred business proposals submitted for your examination. Ask yourself, â€Å"Do I have a viable idea?† Your final answer will be reached through a realistic evaluation of the potential for success or failure. In conclusion, Dingee et al (1997) assert that entrepreneurial management teams should take aShow MoreRelatedSkills, Traits, And Characteristics Of A Successful Entrepreneur1210 Words   |  5 Pages Skills, Traits, and Characteristics of a Successful Entrepreneur Anonymous Author University of the People Entrepreneurship 1 3303 â€Æ' Abstract Skills, traits or characteristics are essential ingredients in being a successful entrepreneur. Although these ingredients are numerous, an entrepreneur should develop the ones that are relevant to becoming successful. This paper will first examine skills, traits, and characteristics that are more important to have as an entrepreneur. Then, we researchedRead MoreJamie Dimon and Bank One899 Words   |  4 Pagesthat the entire organization knew that it was toxic on the inside and changes needed to be made. He was setting the seeds for creating a sense of urgency for his change process (Kotter, 2008). 3. One of the characteristics that Dimon shared with entrepreneurs was his hands-on management style. He became active in different areas of the business in order to better understand how they work and how they are currently being run. In addition, he shared other traits. One was his focus on planning, andRead MoreThe Development Of New Technologies1516 Words   |  7 Pagesmost executives referred to innovation primarily with the development of new technologies or products. However, innovation is increasingly seen as the development of new service offerings, business models, pricing plans, distribution channels, or management practices. There is a greater recognition that great ideas can transform any part of the value chain and those products and services represent just a small segment of innovation. This broadening of focus has implications for those who are responsibleRead MoreThree Pillars986 Words   |  4 Pages(â€Å"About†, n.d., para 6). To be successful in any per sonal venture one must be committed to their cause and posses certain qualities that help support their end goal. Entering into the GCU College of Business it is important to understand the three pillars that embody a graduate business student. The three pillars include servant leadership, entrepreneurial spirit, and innovation. Servant Leadership describes a leadership style that focuses on serving the needs of the team, client or community ratherRead MoreThe Development Of New Technologies1566 Words   |  7 PagesHistorically, most managers equated innovation primarily with the development of new technologies or products. However, innovation is increasingly seen as the development of new service offerings, business models, pricing plans, distribution channels, or management practices. There is a greater recognition that great ideas can transform any part of the value chain and those products and services represent just a small segment of innovation. This broadening of focus has implications for those who are responsibleRead MoreEntrepreneurial Skills and the Entrepreneurial Instinct 1387 Words   |  6 Pagesfamously once said regarding entrepreneurship and entrepreneurial skills â€Å"The entrepreneurial instinct is in you. You cant learn it, you cant buy it, and you cant put it in a bottle. Its just there and it comes out† (Mail online, 2010). Surprisingly enough this is a view not shared by everyone. Whilst it cannot be denied that entrepreneurs are all ultimately unique in some way empirical evidence suggests that they all do share some common characteristics and skills, some of which can be taught (ColetteRead MoreHow Conflict Management Tools in Venture Creation Programs Affects Motivation, Learning Experience and Overall Performance in the Venture Team1015 Words   |  4 PagesThis thesis investigates how conflict management tools in venture creation programs affects motivation, learning experience and overall performance in the venture team. By using insider action research methodology, author studies how lack of conflict management tools affected her. 1.1Chalmers School of entrepreneurship and learning by doing In today’s globalized, competitive society entrepreneurial culture is becoming more and more popular. (Ollila and Williams). Today, there are about 17 actionRead MoreThe Entrepreneurial Mind Set And I Have Chosen The Sanitarium Health And Well Being Company Essay1441 Words   |  6 PagesIntroduction to the Topic and Entrepreneur The topic for this essay is the entrepreneurial mind-set and I have chosen the Sanitarium Health and Well-Being Company to support my essay. In the following essay I will be analysing and discussing the chosen company in context with my topic. Brief Biography/Profile of Entrepreneur The Sanitarium Health and Well-Being Company which was founded in 1900 and is 100% owned by New Zealand. The company has factories all over the country and along with SanitariumRead MoreJetblue Airways: Starting From Scratch - Case Analysis Essay1121 Words   |  5 Pagesstages (entrepreneurial and collectivity) of the organizational life cycle rapidly under the successful leadership of David Neelman. JetBlue Airways is currently in the formalization stage of the life cycle where in it needs to create procedures and control systems to effectively manage its growth. Also as it proceeds to grow further to reach the elaboration stage, JetBlue needs to continue to align itself with the environment in order to maintain its sustained growth. JetBlue: Entrepreneurial StageRead MoreEntrepreneurial Leadership Traits And Characteristics1810 Words   |  8 PagesIntroduction 1 Entrepreneurial Leadership Traits and Characteristics 1 My Leadership Strengths and Weaknesses 4 Developmental Plan to Improve Leadership Skills 5 Conclusion 6 References 7 â€Æ' Introduction Entrepreneurial leadership qualities are essential in order attain success. During different phases of life, I discovered a number of entrepreneurial characteristics within me that helped me to move forward towards my aim. Going through the literatures I have learned a number of entrepreneurial leadership

Culture And Geography Of Philippines - 1554 Words

Name: Instructor: Course: Date: Culture and Geography of Philippines Introduction The Republic of the Philippines was called Filipinas to honor King Philip the second of Spain in 1543. The Philippine Islands were the name used before independence. Geography and climate have always had very potent effects on culture. Geography often shapes the way people live and interact with each other. Climate, or the prevailing weather patterns over time of a region, also has drastic effects on society and cultures, and these statements were mostly right in South East Asian nation of the Philippines. The paper looks at the different ways where culture shaped how the Philippines society behaved. The Republic of Philippines is an archipelago located off the south-eastern coast of Asia. The archipelago consists of over 7000 volcanic islands with a total area of nearly 300,000 square kilometers. The islands are predominantly mountainous except for the densely populated coastal plains on larger islands. The country located on the Philippine Trench, a tectonic plate boundary which forms part of the Ring of Fire. The Ring of Fire, this is a region closely associated with volcanic and the frequent earthquake activities, lends some substantial influence on the volcanic activity on the islands, for example, Mount Pinatubo, a very active volcano on the Isle of Luzon in the Philippines (Barrows, p. 34). The geography allows for some cultural diffusion, Islam, Christians and Buddhist all reached theShow MoreRelatedMajor Characteristics Of A Philippine Culture1031 Words   |  5 PagesPhilippine Cultural Awareness Culture is the shared patterns of behaviors and interactions, cognitive constructs, and affective understanding that is learned through a process of socialization. These shared patterns, identify the members of a culture group while also distinguishing those of another group. Five major characteristics of a Philippine culture include family, beliefs, customs, food, and language. In this essay geography and military conflict history, weather analysis, and civil considerationsRead MoreGeography of the Philippines essay1402 Words   |  6 PagesGeography Geography and climate have always had very potent effects on culture. Geography, or the study of relationships between people and locations on Earth, very often shapes the way people live and interact with each other. Climate, or the prevailing weather patterns over time of a region, also has drastic effects on society and cultures, and these statements are especially true in the South East Asian nation of the Philippines. The Republic of the Philippines is an archipelago, or chain ofRead MoreCompeting Claims. The Disputes In The Scs Have Evolved1709 Words   |  7 PagesCompeting Claims The disputes in the SCS have evolved over decades and engage multiple regional states that have territorial claims in the South China Sea including China, Vietnam, the Philippines, Brunei, Malaysia, and Taiwan. While not located directly in the region the United States, Australia, Japan, and India all hold economic, territorial, and security concerns over the disputes. Specifically, the United States has been involved in the territorial disputes to uphold maritime security laws andRead MoreThe Political Environment Of The Philippines1710 Words   |  7 Pages Political Environment To begin, the political environment of the Philippines should firstly be addressed. In the modern day Philippines, they have established a multi-party democracy which has an elected president along with its legislature. Their democracy is set up exactly the same as ours in the United States. They have the framework of where the president is both the head of state as well as the government in general. Similarly their system is composed of the three independent branches whichRead MoreThe Philippine Philippines Culture And Culture Essay1329 Words   |  6 Pages The Philippines is a country deeply rooted in culture. The Army defines culture as a â€Å"dynamic social system† containing the values, beliefs, behaviors, and the norms of a â€Å"specific group, organization or society or other collectively† learned, shared, internalized, and changeable by all members of the society (FM 3-24 COUNTERINSURGENCY, 2006). Cultures have different characteristics which consist of shared, learned, symbols, integrated and dynamic. Culture The Philippine islands are brokenRead MoreHistory of Paco1600 Words   |  7 PagesLOCAL HISTORY OF HOMETOWN †¢FIVE THEMES OF GEOGRAPHY LOCATION Paco, is a district of Manila, Philippines. It is located south of Pasig River, and San Miguel, west of Santa Ana, southwest of Pandacan, north of Malate, northwest of San Andres, and east of Ermita. According to the 2000 census, it has a population of 64,184 people in 13,438 households. Paco was formerly known as Dilao, not because of plants that produce amarillo (yellow) color but yellow gold that japanesse soldiers hid in one of theRead MoreManagement and National Service Training1620 Words   |  7 PagesDance with music | 2 |    |    | Nstp 122 | National service training program ii | 3 |    |    |    | Semester 3 |    |    |    | Eng 213 | Research and technical writing | 3 |    |    | Nat sc 211 | Biological science | 3 |    |    | Soc sc 213 | Philippine history, constitution and government | 3 |    |    | Phys 212 l1 | Collage physics 2 | 4 |    |    | Math 213 | Analytical geometry | 3 |    |    | Cs 215 | Probability and statistics | 3 |    |    | Cs 216 s2 | Computer programming ii | 3 |   Read MoreCreating A Global Treasure Hunt1547 Words   |  7 PagesThemes of Geography Learning Target 2 Step 3 Step 3: Creating a Global Treasure Hunt Step 1: You will learn about 10 places on Earth Essential Question: What skills do geographers use? Directions: You will choose 10 places on Earth to research and study. You may choose places that are well known or unfamiliar. However, all places should be on land and located at least 50 miles from each other and must include at least one place on each of the following:(North America, South America, EuropeRead MoreChapter 10 Of The Book Is About Cultural Geography Essay970 Words   |  4 PagesGeography 100 Reading Summary Chapter 10 of the book is about Cultural Geography. This chapter of the books starts the discussion by trying to define what the â€Å"culture† is. Culture is a â€Å"total way of life shared by a group of people.† This culture is not necessarily fixed in time or place. However, culture does have a significant correlation with place. For example, Mexican food is called that way since it is originated from Mexico. It is called the â€Å"territorialization of culture.† A culture canRead MoreAn Analysis of Prairiescapes: Mapping Food, Loss, and Longing933 Words   |  4 PagesUniversity of Rochester in 1997. He has broad research interests that range from sociocultural anthropology, sexuality and gender, immigration and globalization ¦critical theory, performance, public health, Filipino diaspora, Asian Americans ¦and the Philippines, (Martin F. Manalansan). Manalansan is a prolific writer and author of books such as Global Divas: Filipino Gay Men in the Diaspo ra, which is published in Durham, North Carolina by the Duke University Press in 2003. Manalansan is also published

International Accounting Journal of Economics

Questions: Analyse the financial performance of the two companies based on your calculations, identifying and discussing the purposes of calculating those ratios and the weaknesses of ratios analysis.? Your analysis must contain an introduction, a recommendation of how these areas can be improved in the future, and a conclusion detailing the results of your analysis.? Answers: Introduction The study of the report will enable the reader to understand the differences between the businesses status of Sainsbury and Tesco. Moreover, the report also consists of a certain part that has shown the calculation of the various financial ratios of both the firms. This evaluation of the financial ratios has enabled the learner to understand the current financial position of both the firms. The understanding has been elaborated within the report and the leading company among these two has been highlighted as well. Since 1869, Sainsbury has been expanded to 523 convenience stores and 583 supermarkets in the UK; more importantly, Sainsburys has employed around 157,000 employees (Sainsburys.co.uk, 2015). Sainsburys is one of the leading retail stores in the UK dealing with general goods and groceries (Sainsburys.co.uk, 2015). The retail sector in United Kingdom is essential for the country economy, which has profound impacts on the country as a whole. ESRC recorded that in 2013, 20% of United Kingdoms GDP is accounted by the retail sector. Particularly, Sainsburys and ASDA are the two of renowned companies in the retail sector. Three important people who are Mr. David Tyler, the chairperson, Mr. Justin King, the CEO, and Mr. John Roger, the CFO, run the management team of Sainsburys. Besides Sainsburys, Tesco is a famous British multinational retailer which also deals with general merchandise and groceries (Tesco.com, 2015). Analysing the financial performance of Sainsbury and Tesco based on the calculations The analyzing and calculating of the financial ratios of the firm will show the exact sections of both the firm that are having various loopholes (Tamari, 2011). Moreover, the calculation of the financial ratios of Sainsbury and Tesco has been compared below along with graphs, which will extract the status of both these companies. Meanwhile, the profit margins as well as the revenue generation of these firms can also be evaluated by evaluating the calculated rations of the firm. The calculation will also determine that which firm is in a better position on the current time. This report deals with the assessment of both companies performances in the last three years based on ratio analysis. Regarding employment, Tesco has recruited almost 530,000 employees who are committed to the provision of best shopping experience for their consumer and community as a whole (Tesco.com, 2015). Tesco has been operating for almost 100 years, and it has expanded more branches domestically and internat ionally (Tesco.com, 2015). The analysing of the financial performance of Sainsbury and Tesco based on the calculations are stated below: Profitability Ratios (Operating Profit margin) Refer to appendix 1 The profitability of all the firm within the industry have been affected due to the massive amount of increased competition in the recent era. This increase in competition has also affected well renowned firms like Sainsbury and Tesco. The analysis of the operating profit margin of the firms has been stated below: Operating Profit margin TESCO Sainsbury's 2012 14.55% 12.66% 2013 16.22% 11.03% 2014 0.69% 9.22% Table 1: Operating Profit margin (%) (Source: Created by author) Graph1: Operating Profit margin (%) (Source: Created by author) The study of the above table and graph quiet clearly shows that Tesco have been conducting business in a more effective manner than Sainsbury, which have changed drastically in the year of 2014. This can be said as the evaluation shows that the Operating Profit margin of Tesco have dropped to 0.69 % in 2014, while the Operating Profit margin of Sainsbury have gone up to 9.22%. Therefore, it can be said that the Sainsbury have increased its Operating Profit margin massive extent and have crossed Tesco by 8.53 %. On the other hand, Return on Capital Employed is used to indicate to the amount of success that the firm has made by using its long- term assets. The ROCE ratio can help the company to do well in future profitability. Therefore, this can measure the companys failure or success that depends on its target ROCE that has already been set. Return on Capital Employed= (PBIT/ Capital Employed) * 100 (Ziegel and Rudas, 2009) Due to the greater market share, Tesco had a better performance compared to Sainsburys in the last three year. Regardless the increase of Tescos ROCE in 2012, Tesco was seen not be able to stabilize its ROCE while Sainsbury has performed equally well to alleviate its profit every year. Therefore, it can be commented that Sainsburys was able to utilize its long - term reserves efficiently to produce more income than compared to Tesco. Profitability Ratios (Gross Profit margin) Refer to appendix 2 The gross profit margin shows the earnings of the organization after considering the cost incurred by the firm in producing goods and services. Gross Profit Margin (GPM) = (Gross profit/ Sale Revenue) * 100 (Romagnoli, 2011) Gross Profit margin (%) TESCO Sainsbury's 2012 7.55% 4.99% 2013 7.99% 6.11% 2014 5.97% 7.02% Table 2: Gross Profit margin (%) (Source: Created by author) Graph 2: Gross Profit margin (%) (Source: Created by author) The above graph and table has been obtained by calculating the Gross Profit margin (%) of both the firms, which quiet clearly shows that Tesco have beaten Gross Profit margin (%) of Sainsbury in the years of 2012 and 2013. However, the graph also highlights the fact that Tesco have not been able to hold onto its Gross Profit margin (%) in the year of 2014. The picture of this fact gets even clear as the above graph shows that Sainsbury have a Gross Profit margin (%) of 7.02 % in the year 2014, while the Gross Profit margin (%) of Tesco is calculated at 5.97% only. Therefore, it can be commented that Sainsbury have beaten Tesco in the element of Gross Profit margin (%) by 1.05%. Profitability Ratios (Net Profit margin) Refer to appendix 2 Net profit margin calculates the amount of pound of sales a firm keeps earning, which means that a 4% profit margin of company shows that company has a net income of 0.04 pound. Net Profit Margin = (Net Income/ Sale Revenue) * 100 (Prentice, 2010) Net Profit margin (%) TESCO Sainsbury's 2012 5.55% 2.97% 2013 5.11% 3.07% 2014 1.02% 1.78% Table 3: Net Profit margin (%) (Source: Created by author) Graph 2: Gross Profit margin (%) (Source: Created by author) The net profit margins of firms enable us to understand the exact financial position of the firm within the market. The calculation of the Net profit margin of Tesco and Sainsbury quiet clearly shows that the amount of profit earned by Tesco in the year of 2012 and 2013 is much higher than that earned by Sainsbury. However, Sainsbury has shown a major come back in the year of 2014 as they beat Tesco in the section of Net profit margin by 0.76 %. Liquidity Ratios (Current ratio) Refer to appendix 3 The current ratio signifies the capabilities of the company to transform its assets into cash. Current Ratio = Current Assets/ Current liabilities (Muro, 2012) Current ratio TESCO Sainsbury's 2012 65.17% 57.98% 2013 63.98% 69.12% 2014 66.10% 67.97% Table 4: Current ratio (%) (Source: Created by author) Graph 4: Current ratio (%) (Source: Created by author) The study of the above graph quiet clearly shows that the Tesco in the year of 2012 had an increased current ratio of 65.17 %,, which was much more than Sainsbury who had 57.98 %. Moreover, the year of 2013 was the turning year for the Sainsbury as they increased the current ratio of the firm to 69.12 %, which was more than Tescos 63.98%. The year of 2014 was even better for Sainsbury as they again beat Tesco by a margin of 1.87 %. Liquidity Ratios (Acid - test ratio) Refer to appendix 4 Acid - test ratio or quick ratio is an indicator that defines whether a company has sufficient short-term assets to cover its immediate liabilities without selling inventory. Acid - test ratio = (Current assets Inventories) / Current liabilities (Ketz et al. 2010) TESCO Sainsbury's 2012 49.03% 31.14% 2013 44.97% 35.01% 2014 46.04% 30.02% Table 5: Acid - test ratio (%) (Source: Created by author) Graph 5: Acid - test ratio (%) (Source: Created by author) However, Sainsbury have been able to beat Tesco in many sections over the last two years, which have been a massive achievement for the firm. However, situations are different when the Acid - test ratio of the firms are calculated, which is highlighted in the graphs. The calculations show that the Acid - test ratio of Tesco is recorded at 46.04. % in the year of 2014, while the Acid - test ratio of Sainsbury has been recorded at 30.02% in the same year. However, it should also be noticed that not only in the year of 2014 but also in 2012 and 2013, the Acid - test ratio of Sainsbury has been quiet low than Tesco. Efficiency Ratio (Asset turnover) Refer to appendix 4 The assets turnover ratio is used to define how well the company deploys its assets. The amount of sales or revenues generated per pound of assets. Generally, the higher the ratio, the better it is, since it denotes that company is making more revenues per pound of asset (Heilbron, 2011). The given figure describes that Sainsburys ability to utilize its assets was more effective than Tescos. Both companies assets turnover ratios were consistent for the last three years, which was good for the two companies, but Sainsburys was the exceptional one. Asset Turnover = Sale revenue / Total assets Efficiency Ratio (Receivables collection period) The collection period is the calculation of the period of how long it takes customers to pay for the credit sales. The period of collection also equals the average accounts receivable divided by the credit sales (Demonstratingvalue.org, 2015). TESCO Sainsbury's 2012 44 39 2013 54 38 2014 61 41 Table 6: Receivables collection period (%) (Source: Created by author) The study of the above table shows that Sainsbury is more advanced in this section than Tesco. The calculation in the year of 2014 shows that Tesco has a average collection period of 61, which is 41 in case of Sainsbury. Therefore, it can be said that Sainsbury is far ahead of Tesco in this section. Efficiency Ratio (inventory turnover period) Refer to appendix 5 The inventory turnover is measured by days that explain the duration that needed to transform the companys inventories into sales. In this regards, the less number of the days, the better performance of the firm is. Inventory Turnover (days) = (Inventory / Cost of sales) * 365 (Chaudhuri, 2011) TESCO Sainsbury's 2012 20 14 2013 21 15 2014 23 15 Table 7: Inventory turnover period (%) (Source: Created by author) Graph 7: Inventory turnover period (%) (Source: Created by author) The calculation of the inventory turnover period of both the firms has been represented above in the graph, which quiet clearly shows that Tesco is having higher inventory period in all the three years consistently than Sainsbury. Gearing Ratio Refer to appendix 6 Gearing ratio is a financial ratio that measures the financial leverage, signifying the degree to which a firm's activities are funded by owner's funds versus creditor's funds. Gearing Ratio = Long - term Debt + Preference Shares / Equity * 100 (Bourke, 2009) TESCO Sainsbury's 2012 59% 51% 2013 56% 53% 2014 63% 52% Table 8: Gearing Ratio (%) (Source: Created by author) Graph 8: Gearing Ratio (%) (Source: Created by author) The gearing ratio of both the firms has been calculated at a stable position but the gearing ratio of Tesco has been greater than the grading ratio of Sainsbury consistently from 2012 to 2014. The lowest difference between the gearing ratios of these two firms was in 2013, which was only 3%. Interest cover The interest cover measures the amount of availability of operating profit for covering interest payable. In addition, stated that the lower level of operating profit coverage, the higher the risk to lender and shareholder. Interest Cover = Operating profit / Interest Expense TESCO Sainsbury's 2012 7.15 7.29 2013 9.33 7.11 2014 6.88 6.81 Table 9: Interest Cover (Source: Created by author) Graph 9: Interest Cover (Source: Created by author) The study of the above table and graphs quiet clearly shows that both the firms is quiet capable of covering their interest payable with the operating profit. The highest interest cover of Tesco has been recorded at 9.33. Meanwhile, the highest interest cover of Sainsbury has been recovered at 7.29 %. Discussing and identifying the purposes of calculating the ratios of Sainsbury and Tesco The financial ratios, which are also known as the Key Performance Indicators (KPIs) of the firm plays a massive role in extracting the actual financial condition of the firm within the market. These ratios will also enable the management of Tesco and Sainsbury to understand the areas that the firm is lagging behind and needs improvement within the minimum possible time (Bonett and Price, 2015). Moreover, these will also enable the management of Tesco and Sainsbury to draw and plan a certain action that will be taken by them in the next financial year to cover up all the identified loopholes. Therefore, it can be commented that the KPIs of a firm has the capability to highlight the exact current financial condition of the firm, which will also help the management to draw up certain financial strategies. Weaknesses of ratios analysis The weaknesses of the ratio analysis are stated below: Many large firms operate various divisions in different industries. For these companies it is difficult to find a meaningful set of industry-average ratios (Alzubaidi, 2014). The analysis of ratio of the financial statements do not always provide the exact amount, which makes the firm to assume the approximate value of that particular section, Inflation may have badly distorted a company's balance sheet. In this case, profits will also be affected. Therefore, a ratio analysis of one company over time or a comparative analysis of companies of different ages must be interpreted with judgment (Baur and Leuenberger, 2011). Conclusion The study of the entire report quiet clearly states that Tesco have outperformed Sainsbury in the year of 2012. The scenario have changed drastically form the year of 2013 as the study highlights that Sainsbury has various sections that are superior than Tesco in the year of 2013 and 2014 as well. Therefore, it can be said that the study has educated the learner regarding the various financial ratios of Tesco and Sainsbury along with its importance in evaluating the financial conditions of the firms. Recommendation The first and foremost recommendation to the management of Sainsbury is to operate their business in a strategic manner, which will enable them to beat Tesco in other areas as well. The management of Sainsbury needs to implement various strategies that will enable the firm to achieve a competitive advantage over Tesco. Meanwhile, Tesco has outperformed Sainsbury in the past, nut have failed to do the same in the recent years. Therefore, the management of Tesco needs to find out the loopholes that have created this problem in the recent time. Reference List Alzubaidi, R. (2014). Spreadsheets-based modelling for financial analysis ratios. International Journal of Economics and Accounting, 5(3), p.216 Baur, H. and Leuenberger, C. (2011). Analysis of Ratios, 60(6), pp.813-825 Bonett, D. and Price, R. (2015). Analysis Methods for Odds Ratios and Risk Ratios. Psychological Methods Bourke, A. (2009). Comparative Analysis of Investment Ratios. Evolution, 43(4), p.913 Chaudhuri, T. (2011). Analysis of the Profitability Ratios of HCL. SSRN Journal. Demonstratingvalue.org, (2015). Financial Ratio Analysis | Demonstrating Value. [online] Available at: https://www.demonstratingvalue.org/resources/financial-ratio-analysis [Accessed 15 Jul. 2015]. Heilbron, D. (2011). The Analysis of Ratios of Odds Ratios in Stratified Contingency Tables. Biometrics, 37(1), p.55 Hutton, Y. (2014). Odds Ratios Analysis. Technometrics, 41(2), pp.181-182. Ketz, J., Doogar, R. and Jensen, D. (2010). A cross-industry analysis of financial ratios. New York: Quorum Books. Murnick, D. and Peer, B. (2014). Analysis of ratios. Science, 263(5149), pp.945-947. Muro, V. (2012). Handbook of financial analysis for corporate managers. New York: AMACOM. Prentice, R. (2010). Regression on hazard ratios and cross ratios in multivariate failure time analysis. Biometrika, 84(2), pp.349-363. Romagnoli, A. (2011). Balance-Sheet Ratios and Stock Returns:. SSRN Journal. Sainsburys.co.uk, (2015). Sainsbury's. [online] Available at: https://www.sainsburys.co.uk/sol/index.jsp [Accessed 15 Jul. 2015] Tamari, M. (2011). Financial ratios. London: P. Elek. Tesco.com, (2015). Tesco.com - online shopping; bringing the supermarket to you - Every little helps. [online] Available at: https://www.tesco.com/ [Accessed 15 Jul. 2015] Troy, L. (2013). Almanac of business and industrial financial ratios. Englewood Cliffs, N.J.: Prentice-Hall. Ziegel, E. and Rudas, T. (2009). Odds Ratios in the Analysis of Contingency Tables. Technometrics, 41(2), p.181.

The Cuban Missile Crisis 2 Essay Research free essay sample

The Cuban Missile Crisis 2 Essay, Research Paper The Cuban Missile Crisis The Cuban Missile Crisis of October 1962 is the closest the universe has of all time come to atomic war. The Soviets had installed atomic missile silos in Cuba, merely 90 stat mis off the seashore of the United States. U.S. armed forces were put at their highest province of preparedness. Soviet field commanding officers in Cuba were authorized to utilize atomic arms if invaded by the U.S. The destiny of 1000000s literally hinged on the ability of two work forces, John F. Kennedy and Premier Nikita Khrushchev, to make a via media. In 1962, the Soviet Union was urgently behind the United States in the weaponries race. Soviet missiles were merely powerful plenty to be launched against Europe, but U.S. missiles were capable of striking the full Soviet Union. In late April 1962, Soviet Premier Nikita Khrushchev conceived the thought of puting intermediate-range missiles in Cuba. We will write a custom essay sample on The Cuban Missile Crisis 2 Essay Research or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Missiles in Cuba would duplicate the Soviet strategic armory and deter a possible U.S. onslaught against the Soviet Union. For the U.S. the crisis began on October 15, 1962 when our planes spotted Soviet missile silos under building. President Kennedy formed a group of cardinal advisers called EX-COMM. We quarantined Cuba to halt bringing of more missiles. Never before this incident was photo recconaisance as of import. The Cubans and Soviets were denying holding missiles in Cuba. U.S. airplanes with particular cameras documented they did be. Pres ident Kennedy had the Armed Forces on qui vive. On October 22, Kennedy addressed the state. He told them the inside informations. U.S. aircraft continuously watched the Cubans. Kennedy announced that an onslaught by Cuba would be considered an onslaught by the Soviet Union. All missiles had to be removed. Readiness degree was raised to DEFCON 2 and the quarantine line was pulled back on October 25th. Khrushchev proposed taking the Soviet missiles if the U.S. promised non to occupy Cuba. On October 27 Cuba shot down a U-2 undercover agent plane. On the same twenty-four hours Khrushchev sent a missive demanding remotion of our atomic missile in Turkey in exchange for the remotion of their atomic arms in Cuba. Khrushchev didn T have a squad of advisers to assist him. He had to do good determinations on his ain. Tensions began to ease when Khrushchev announced he would take the missiles on October 28th. The U.S. had agreed to discourse remotion of their missiles in Turkey merely after the missiles were taken out of Cuba. The Soviets so withdrew the missiles and returned them to the Soviet Union The key participants in the Cuban missile crisis were John Kennedy, Fidel Castro, and Nikita Khrushchev. John Kennedy was born in Brookline, Massachusetts on May 29, 1917, a descendant of Irish Catholics who had immigrated to America in the old century. Fidel Castro was born in Mayari, Cuba in 1926. He received his jurisprudence grade and became an lawyer. Nikita Khrushchev was born in Kalinovka in 1894. He was Premier in 1958.

Tips To Preventing Identity Theft Essay Example For Students

Tips To Preventing Identity Theft Essay Having your identity taken away from you is a very difficult thing to handle. It could mean not being able to pay your bills or at the worst, not being able to obtain credit. Protecting your identity is the only way to prevent it from being stolen. Moreover, in this day and age, there are more thieves than ever. Therefore, knowing exactly how to protect the most precious thing to you is the only way you can keep it safe. Here are a few tips to prevent you from having your identity stolen. Tips 1. Keep your important documents at home. Leave your birth certificate, social security cards and any other very important document that has your name, social security number and birthday on it at home. If someone requests to see these documents, be sure to show them in person and once you’re done, immediately return them to a safe place in your home. We will write a custom essay on Tips To Preventing Identity Theft specifically for you for only $16.38 $13.9/page Order now 2. Watch your back! Pay attention to your surroundings. Thieves are everywhere, especially around ATM’s and banks. Therefore, before you whip out your pin number, be sure to look around you for any person that looks suspicious. When you e.

Romantic Phrases for Dating in Italian

Romantic Phrases for Dating in Italian You’re drinking a glass of vino rosso during aperitivo as you talk to your friends, and then someone catches your eye. There’s an Italian that you can’t keep your eyes off of, and this person notices you, too.   Eventually, you two start chatting and  make plans to meet again another time at the same aperitivo. That date leads to another and another until you find that you’re head over heels for this person. If you’re in the midst of something like that or you want to be prepared just in case it happens, below you’ll find both romantic and practical phrases for dating in Italian. If you finish this list of phrases and still want more, check out this one of 100 Ways to Say I Love You. Phrases for Spending Time Together   Dovremmo uscire solo noi due qualche volta. - We should  go out just us two sometime.Sei libero/a stasera? - Are you free tonight?Perchà © non ci vediamo di nuovo? - Why don’t we meet again? TIP: If you’re talking to a female, you’ll use the -a ending, and if you’re talking to a male, you’ll use the -o ending. Click here to learn more about gender agreement. A che ora? - What time?Ci vediamo allora. - I’ll see you then.Qual à ¨ il tuo numero di telefono? - What’s your phone number?Ti va di prendere un aperitivo? - Do you want to get an aperitivo?Posso invitarti a cena? - Can I invite you to dinner?Ti va di venire a cena con me? - Would you mind having dinner with me?Passo a prenderti alle (9). - I’ll pick you up at 9. If you’re unfamiliar with how to tell the time, click here. TIP: If you’re a male, you’ll use the -o ending, and if you’re a female, you’ll use the -a ending. Ho trascorso una splendida giornata con te. - I spent a wonderful day with you.Grazie per la bella serata!  - Thanks for the great night!Quando posso rivederti? - When can I see you again?Cosa prendi? - What do you want to drink?Offro io. - I’m paying.Mi piaci tantissimo / Mi piaci davvero tanto. - I like you so much.Vuoi diventare la mia ragazza? - Do you want to be my girlfriend?Baciami. - Kiss me.Abbracciami. - Hug me. Phrases to Use When You’re Apart Mi manchi. - I miss you.Ti amo, piccola. - I love you baby.Ti voglio bene, mia adorata. - I love you, my dear. There are two ways to say â€Å"I love you† in Italian. This one is the less serious version. You can learn more about the differences between â€Å"ti amo† and â€Å"ti voglio bene† here. Also, both of the pet names used above are being used for talking to a female. Mi à ¨ bastato uno sguardo per capire che tu fossi la mia met della mela. - One look was all it took to know that you were my soulmate. (Literally: It only took one look to understand that you were the half of my apple.)Sei la mia anima gemella. - You’re my soulmate. (Literally: You’re my twin soul.)Vorrei poterti baciare proprio ora. - I wish I could kiss you right now.Sono cosà ¬ contento/a che ci siamo incontrati. - I’m so glad we met.Buongiorno bellissima / principessa. - Good morning beautiful / princess.Non sei come gli altri. - You’re not like others.Sei affascinante. - You’re fascinating / charming.Voglio godermi ogni attimo con te. - I want to savor every moment with you.Sento qualcosa di forte per te. - I have strong feelings for you.Avrei voluto restassi con me. - I would have liked for you to stay with me.Mi hai colpito subito. - You caught my eye right away. / You made an impression on me right away. ​To learn how to form sentences like the ones above with fossi and restassi, click here to learn about the imperfect subjunctive mood.

Argument about SONY organizational charts Essay

Argument about SONY organizational charts - Essay Example Company’s CEO, taking into consideration the financial situation of Sony, the problems with its electronics department ex-profit-generator that appeared to show ‘a lackluster performance’ (Certo & Certo, 245), came to the conclusion to conduct major organizational changes. The company was divided in 4 divisions with a vice-president (VP) responsible for each of them. Now on the top of organizational structure of Sony stand the CEO, who had 4 VP (each responsible for one division) in submission. Despite the fact that this organizational structure has its advantages, some better results might be achieved in case two more executive VPs would be put between CEO and VPs of departments. Although, lots of variations links between divisions, executive VPs and CEO available, in this case we will stick to the idea that these two executive VPs had an authority over VPs of the particular divisions and that CEO had only them two in submission (see illustration in appendix). Less sources of information. Because of this organizational change the CEO now needs to focus only on tracking two people, but not four. By doing this he can spend less time on getting reports, analyzing them and making significant observations to make future decisions, but can delegate his executive VPs to be responsible for analyzing all the data and reporting him only the most valuable information. This will give him more free time to focus on general strategic planning in organization. As now the CEO has executive VPs in submission that might be responsible for filtering and analyzing information, he might make more well-thought decision and an overall performance of the company might go up. More balanced organizational strategy. For this proposed organizational structure, the executive VPs could be in charge of particular divisions grouped, so they might have more well-balanced organizational strategy. For example, VP with a background in marketing and sales can be focused on promotion of