Wrtng 3 extra paper Essay Example | Topics and Well Written Essays - 250 words

Wrtng 3 extra paper - Essay Example More so, in addition to the skills noted, writing and analytical skills were enhanced in terms of looking at the ethical issues from various perspectives: from the organizations that represent the business profession, as well as government institutions that monitor and regulate the need to observe ethical standards that need to be conformed. One was thereby more made aware of the federal regulations in terms of ensuring anti-bribery laws are taken seriously and adhered to. With regards to revision plans for the paper, one could envision that should there be more time and space allotted to write a more comprehensive paper on the issue, more actual experiences in contemporary organizational setting could be provided. Further research could be conducted to determine the extent of bribery that still exists in current times and which famously known business organizations have been penalized for violating the federal law. Likewise, one is cognizant of the fact that the paper was presented by taking into consideration the audience’s understanding of the issue. However, one could not truly discern the veracity of this from the audience’s points of

Designing a process of Intercultural aspects of conflict resolution Essay Example for Free

Designing a process of Intercultural aspects of conflict resolution Essay In the course to evolve a systematic cultural response to conflict, the first step is to breed familiarity among cultures that adds plurality and multicultural dimension to broaden existing views. In the process of evolving cultural familiarity communication, approaches towards conflict, cultural interpretation of life and identities and roles are identified as essential parameters (Carbaugh, 1990). Out of these, role and range of communication has already been discussed. Now it is time to look at rest of three factors. Responses towards a conflict situation are largely culture dependent, guided by the ways each culture has systemized itself towards conflict. Direct and straightforward ways of approaching conflict, generally acceptable in western society, may seem threatening and offensive in eastern cultures accustomed to third party negotiations. Similarly, cultures that follow calm and reasonable response to conflict, may feel intimidated by emotional and passionate response to conflict situation (Carbaugh, 1990). Cultural interpretation of life sets the starting point for people that forms basis of their thinking, values and philosophy, eventually deciding the role they would play in every conflict and their outcome they come across. It is the cultural orientation that makes societies disciplined or diffused, generalized or specific, value oriented or bohemian, and cooperative or isolated (Carbaugh, 1990). Hence cultural conflict resolution ultimately depends on the depth of understanding attained through interaction. References Burrel, N. A, 1990. Theory and Research in Conflict Management. edit M. Afzalur Rahim editor. Praeger Publishers. :New York Rahim, M. A (2001), Managing Conflict in Organizations. Contributors: M. Afzalur: Quorum Books. Westport, CT Handbook of Conflict Management. (2003) . Jerri Killian ,William J. Pammer Jr. (edits): Marcel Dekker. New York. Womack, D. F, 1990. Theory and Research in Conflict Management. edit M. Afzalur Rahim editor. Praeger Publishers.:New York. Leborn, M. 2003. Culture and Conflict. Accessed online on 17. 11. 2007. http://www. beyondintractability. org/essay/culture_conflict/ Grosse, C. U. 2002. Managing Communication within Virtual Intercultural Teams Business Communication Quarterly, Vol. 65, 2002. Holliday, A. , Hyde, M. ,, Kullman, J. 2004. Intercultural Communication: An Advanced Resource Book; Routledge, Carbaugh, D. 1990 Cultural Communication and Intercultural Contact; Lawrence Erlbaum Associates.

Of Mice and Men, 3 Characters with Loneliness :: essays research papers

Loneliness is the sadness resulting from being forsaken or abandoned. John Steinbeck brought up the theme of loneliness in many characters in Of Mice and Men. Crooks, Curley?s wife, and Candy expressed the theme of loneliness in many different forms throughout the story. Early in the novella George said, life working as ranch hands is on the loneliness lives to live, for these people finding friendship seems to be impossible. Crooks expressed feelings of loneliness through out Of Mice and Men. Crooks? loneliness is caused because he is black, at the time the story took place there was racism. Since Crooks is black he wasn?t able to socialize with the white men. When Steinbeck describes all of Crooks? possessions, it shows that Crooks has been at the ranch a long time and that his possessions are all the he cares about. In Crooks? room, Lennie comes to talk to him. Crooks is cautious at first, this was from the years of racism that Crooks endured, he learned not to associate with white folk. Steinbeck expresses the theme of loneliness in the character of Candy. Candy is lonely because his is missing half an arm. Candy?s disability separates him from society, an example of Curley being set aside is when everybody else goes to town he is left in the barn with Crooks, Lennie, and Curley?s wife. Candy?s only friendship was with his old, smelly dog. Candy?s dog was a symbol of himself (old, and useless). When Carlson kills Candy?s dog he kills Candy on the inside as well. Curley?s wife had the most pathetic and depressing life. Curley?s Wife spent her whole life trying to grab attention. She was always labeled and ignored by everyone on the ranch, an example of this is when George tells Lennie that she was trouble and to stay away from her. Curley?s wife was ignored and used from early on, when she was given false intentions on being a movie star. Of Mice and Men, 3 Characters with Loneliness :: essays research papers Loneliness is the sadness resulting from being forsaken or abandoned. John Steinbeck brought up the theme of loneliness in many characters in Of Mice and Men. Crooks, Curley?s wife, and Candy expressed the theme of loneliness in many different forms throughout the story. Early in the novella George said, life working as ranch hands is on the loneliness lives to live, for these people finding friendship seems to be impossible. Crooks expressed feelings of loneliness through out Of Mice and Men. Crooks? loneliness is caused because he is black, at the time the story took place there was racism. Since Crooks is black he wasn?t able to socialize with the white men. When Steinbeck describes all of Crooks? possessions, it shows that Crooks has been at the ranch a long time and that his possessions are all the he cares about. In Crooks? room, Lennie comes to talk to him. Crooks is cautious at first, this was from the years of racism that Crooks endured, he learned not to associate with white folk. Steinbeck expresses the theme of loneliness in the character of Candy. Candy is lonely because his is missing half an arm. Candy?s disability separates him from society, an example of Curley being set aside is when everybody else goes to town he is left in the barn with Crooks, Lennie, and Curley?s wife. Candy?s only friendship was with his old, smelly dog. Candy?s dog was a symbol of himself (old, and useless). When Carlson kills Candy?s dog he kills Candy on the inside as well. Curley?s wife had the most pathetic and depressing life. Curley?s Wife spent her whole life trying to grab attention. She was always labeled and ignored by everyone on the ranch, an example of this is when George tells Lennie that she was trouble and to stay away from her. Curley?s wife was ignored and used from early on, when she was given false intentions on being a movie star.

Divisional Hurdle Rates – Randolph Corporation

Introduction The Randolph Corporation is a multidivisional producer of electric sanders, sandpaper, industrial grinders and sharpeners, and coated ceramics. The Corporation also has a real estate development division. The diverse product lines of the company divide the corporation into four divisions, namely, real estate, ceramic coatings, equipment manufacturing and home products. The Randolph Corporation Stock performed below expectations recently, when compared to other player in the industry. The company’s main problem is believed to lie in the financial planning processes and in the risk consideration.To tackle these problems the assistant to the firm’s vice president suggests a target capital structure of 45% debt in every division and differing hurdle rated for low, average, and high risk projects. This paper critically reviews the different suggested measures and finally proposes measures that should be taken to improve the performance of the Randolph Corporatio n. Divisional Hurdle Rates To estimate the hurdle rates for every division of the Randolph Corporation that weighted average cost of capital (WACC) have to be calculated for every division. To apply the formula of the WACC the costs of equity have to be known.The cost of equity can be determined through the Capital Asset Pricing Model (CAPM). The results for every division’s equity cost and the computation of the hurdle rates can be seen in the Appendix. The divisions with higher risk have higher weighted average cost of capital. WACC/Hurdle Rate Real Estate9. 19% Ceramic Coatings10. 24% Equipment Manufacturing10. 55% Home Products9. 34% Fig. 1: Hurdle rate per division To account for different levels of risks between the company’s projects the assistant of the vice president suggested an inclusion of different levels of risk within every division’s capital budgeting procedure.Managers in the divisions are asked to classify projects as high, average or low risk. Rather risky projects will hereafter be evaluated at a hurdle rate of 1. 2 multiplied by the divisional rate, projects of average risk are to be evaluated at just the divisional rate while low risk projects have a hurdle rate of 0. 9 multiplied by the divisional rate. This produced the following rates, as shown in figure 2. WACC/Hurdle Rate Low RiskAverage RiskHigh Risk Real Estate8. 27%9. 19%11. 02% Ceramic Coatings9. 22%10. 24%12. 29% Equipment Manufacturing9. 49%10. 55%12. 66% Home Products8. 0%9. 34%11. 20% Fig. 2: Hurdle rate per division and risk level At this time the risk adjustment factors discussed here must be reviewed with a critical eye. Accoring to Brigham & Daves (2007), there is no theory that could serve as a foundation of justification for the size these risk-adjustment factors. The authors say that there is no specific value that can be assigned to accurately adjust for the risk and therefore determine higher or lower discount rates. Corporate Beta & Cost of Capi tal Taking a weighted average of the four divisional betas gives the overall corporate beta.The corporate beta is therefore affected by changes of the divisional weights and by changes of the individual beta of the particular divisions. The two following scenarios will illustrate this issue. The Corporate beta increases if the ceramic coating division had a large number of projects with returns exceeding the risk adjusted hurdle rates. When the growth rate of the coatings division surpasses the overall corporate growth rate the division’s assets and thereby its weight will increase moving the corporate beta closer to the beta of the ceramic coatings division.Since the cost of equity rise with increases of beta, the larger corporate beta should also raise the corporate cost of capital (WACC). How strong such changes are to be is however determined by capital structure and weights on other departments. The corporate beta also increases when the equipment manufacturing division makes heavy investments in projects that are deemed to be more risky than average. Investments in risky projects in the division would raise the division’s beta and could then eventually also increase the overall corporate beta, which lets the overall cost of capital rise.It can take some time for the effects of the risky investments to really be visible in the corporate beta. When this happens depends on the analysis frequencies and on the methods that are employed for beta estimation. It can take time until analysts notice the change in the corporate risk profile because they first need to see the higher volatility of returns of the company. Capital Structure Mrs Barbara Kravitz states to use the corporate target capital structure of 45 percent debt for each division.Hence, this unique capital structure implies not to account for different application and management in the several divisions. Moreover, some divisions can be threatened not being competitive in their market. T his is, because divisions operate in diverse markets with differing market conditions. So the risks are not assigned to the divisions of the company but to the corporate average. For instance, low-risk divisions have to accept higher a higher cost of capital, whereby high-risk divisions have to pay less for their risk relative to the market, i. . this approach does not account for risk-adjusted cost of capital. Considering another approach, divisions can issue their own debt, but the corporation guarantees the divisional debt. It is not a great difference to the Kravitz-approach. When the corporation guarantees the divisional debt, this debt can be supposed as to â€Å"as-if†-debt, i. e. divisional debt will be issued as if it would be issued by the whole corporation. Therefore, the capital structure is not as equal as with the above mentioned approach, but quite similar.There is no big difference in the cost of capital for each division, because they do not bear the risk. Co st of capital depends on who bears the risk. Hence, the divisions’ costs of capital are very close to each other. But when each division is handled as an own and independent organization that rises its own debt, the cost of capital only depends on this special risk of the underlying division. In this case the divisions have the opportunity to achieve the optimal capital structure based on the risk of the division. This risk can be called as stand-alone risk and the beta coefficient can easily be calculated.Concerning stand-alone risk, investors may have a higher risk relative to the approach with corporate guarantees, but the division has to pay a higher WACC as well. Beta Value – Market Risk Analysis The outcome of beta estimation is always the historical beta, which offers no future perspective for sure. That is because past events included in the historical beta must not occur in the future. According to Brigham & Daves (2007), beta usually can be estimated through the relationship of company’s stock returns and market returns.Difficulties in estimating beta can arise, if there are differing holding periods and variations in the number of observations included in the estimation. Another problem is the multitude of indexes that represent the similar or quite the same stocks, for example S&P 500 or Wilshire 5000. Despite these indexes are highly correlated, beta estimations can differ. Some modifications of the beta coefficient are the adjusted beta and the fundamental beta. The former tries to transform the historical beta closer to an average beta of 1. 0.The latter seeks to incorporate information concerning the company to achieve a better estimate for beta. Moreover, beta values out of less-developed financial markets are not good estimates and therefore partly biased. Problems in estimating beta for divisions of a corporations could arise if the divisions are too small and therefore can be compared with less-developed financial marke ts. Hence, beta coefficients could be biased (Brigham & Daves, 2007). Thus we can suggest that beta values are very inconsistent and partly biased. Beta Value – Total Risk AnalysisFirst, the beta value is known as an estimation for the market risk a corporation is faced to. Therefore, it is difficult to find beta for the total risk of the corporation. Total risk is actually measured by the variance or the standard deviation, respectively. So, if one tries to find beta for total risk, it is also possible to calculate the WACC or the hurdle rates for each division, respectively, because there is a high correlation between divisional betas and project’s betas. The latter can be estimated through a Monte Carlo analysis.The resulting estimates for the variance of the projects can be included in the following formula for beta: ? _i=(? _i/? _M )*? _iM So one gets different beta values for different projects, with what it is possible to calculate the hurdle rates in two steps. First step is to insert the beta in the CAPM to receive the expected return, and second, to calculate the WACC with the new return (Brigham & Daves, 2007). Compensation Plan Randolph’s compensation plan cannot work out very well, because the corporation issues a uniform debt ratio in its capital structure.Therefore, some divisions cannot compete with other business rivals if there are no opportunities to raise the debt ratio for the division. That is, divisional manager are not able to compete with the market and therefore cannot create a high growth in sales or earnings. As the reaction of Debra Brown from the Real Estate Division has shown, this division faces troubles if the debt ratio of 45 percent will be implemented to the corporation. The problem is the unique capital structure for the whole corporation that is not consistent with the incentive-based compensation plan.Some divisions that do not need a high debt ratio to compete with the market could have a benefit as well as divisional managers will have an advantage to earn more relative to other divisions. So, Randolph should change its capital budgeting procedure in order to enable divisional managers the issuing of debt on their own. With this approach, some interdependences in the corporation would disappear and the divisional managers could concentrate on their division, while not being limited in doing their job. Additional to that, Randolph should also adjust its compensation plan, because division’s ROE strongly varies among the divisions.That is, because with the new implemented approach in capital budgeting the divisions face differing target capital structures. Thus, they also have differing opportunities to achieve a high or a low ROE. This incentive could be substituted by return on investment (ROI). Divisional managers now have a higher incentive to seek the goals given by the senior management. Conclusion To come to an end, one can see how differing hurdle rates and diffic ulties in estimating beta coefficient can lead to problems in capital budgeting as well as disparities in the compensation.Moreover, also the accounting for different risks can influence the calculations for WACC and therefore the hurdle rates. Some approaches cannot be calculated and are based on individual judgments (high/low risk hurdle rates). Finally, an appropriate incentive-based compensation plan can increase manager’s motivation on the one hand, and project management or divisional management, respectively, on the other hand. ? Reference List Bringham, E. , & Daves, P. (2007). Intermediate Financial Management. 9th Edition, Thomson South-Western. Mason Ohio Divisional Hurdle Rates. (1994). Randolph Corporation . The Dryden Press.

In-Work Benefits and the Nordic Model

Abstract Welfare bene†¦ts in the Nordic countries are often tied to employment. We argue that this is one of the factors behind the success of the Nordic model, where a comprehensive welfare state is associated with high employment. In a general equilibrium setting, the underlining mechanism works through wage moderation and job creation. The bene†¦ts make it more important to hold a job, thus lower wages will be accepted, and more jobs created.Moreover, we show that the incentive to acquire higher education improves, further boosting employment in the long run. These positive e ¤ects help counteracting the negative impact of taxation. JEL codes: H24, J21, J24 Keywords: Nordic model, in-work bene†¦ts, wage adjustment, unemployment, education, skill formation, earnings 1 Introduction A prominent feature of the so-called Nordic model is a comprehensive welfare state †¦nanced by taxes on labor.In fact, the public sector in many We want to thank Torben Andersen, Mar tin Floden, Richard Freeman, Mathias Herzing, Eddie Lazear, Ethienne Lehman, Bruno van Linden, and participants at the Conference on the Economics of the Nordic Model. y Department of Economics, Stockholm University, S-106 91 Stockholm, Ph. +46 8 163547. Fax +46 8 161425, E-mail address: ann-so†¦e. [email  protected] su. se z Economics Division, University of Southampton, UK; Economics Department, UniCredit & Universities Fellow, Central European University, Budapest; and IZA, Bonn.Email address: m. [email  protected] ac. uk 1 of the Nordic countries is responsible for the distribution and allocation of resources amounting to more than half of their country’ GDP (Eurostat, s 2012). With an emphasis on redistributional transfers and service provision †¦nanced by taxes on labor, a concern with the model is, of course, that it induces weak incentives to work. In a more long term perspective, such a system may also reduce incentives to acquire skills, with a negativ e impact on future pproduactivity and labor market outcomes.However, external observers are often surprised that the Nordic countries manage to combine low unemployment and high labor force participation with high taxes and generous welfare arrangements. So, how is this possible? One answer to this question is that many of the welfare arrangements in the Nordic countries are closely tied to market work. The generosity of the bene†¦ts are, in general, related to earnings. In addition, eligibility to a number of bene†¦ts and social services is conditional on employment.Subsidized childcare, for example, is, in principle, only available to employed workers. Also, some generous elements of the paid paren'tal leave schemes are only accessible to employed workers. In addition, the more recently introduced earned income tax credit is by de†¦nition exclusively targeted to employed workers. The idea is that these bene†¦ts, by increasing the returns from working, increase the supply of labor. The observation that the Nordic countries have sustained high economic aactivity because bene†¦ts are closely tied to market work is not new.In fact this was noted as a contributing factor to the high participation rate observed in Sweden when a group of NBER economists studied the Swedish welfare state in the mid 1990s (see Freeman et al. , 1997). This was also an important message in the discussion on the prospects and challenges of the Scandinavian model in Andersen (2008). The starting point for this paper is that entitlement to many of the bene†¦ts available in the Nordic countries is conditional on employment. As discussed above, this tends to increase the gains from working, which encourages labor supply.However, we argue that this is not the end of the story. To investigate the full impact of welfare state arrangements of this type, one needs to account for the general equilibrium e ¤ects. This is particularly relevant because many bene†¦ts have been available to the whole population for a long period of time. Clearly, to investigate the e ¤ects of these bene†¦ts on employment, which is an equilibrium outcome, both supply-side and demand-side factors must be iincluded in the analysis. Moreover, beside considering the equilibrium outcome for the existing workforce, it is important to account 2 or the impact of these bene†¦ts on incentives to acquire skills. The equilibrium composition of the workforce in terms of educational attainment is a crucial variable for the sustainability of the Nordic model, both in terms of its growth potential and international competitiveness (Andersen, 2008) and in terms of the political support for the welfare state (Hassler et al. , 2003). To carry out such an analysis, we develop a simple model of a non-clearing labor market featuring involuntary unemployment as an equilibrium outcome.Labor force participation is also endogenously determined. Moreover, individuals di ¤e r in their ability to acquire education and choose educational attainments based on a cost-bene†¦t analysis. In particular, we focus on the choice between proceeding to higher, i. e. tertiary, education or not. The aim is to investigate the implications of bene†¦ts that are conditional on work on unemployment and labor force participation, accounting for their long term impact on educational attainments.We show that bene†¦ts available only to employed workers moderate wages, reduce unemployment rates, and increase labor force participation and employment. Moreover, one could expect that welfare bene†¦ts, even if conditional on work, could induce an outright reduction in education as they represent an important subsidy for low skilled workers. What we †¦nd instead is that the incentives to proceed to higher education are actually strengthened. This is a consequence of the relatively sthronger increase in labor market opportunities for highly educated workers that follow when wages are moderated.Wages, in turn, fall because workers are more willing to accept lower wages when bene†¦ts are conditional on work and thus the value of having a job is higher. Lower wages increase job creation and lower the unemployment rate. Thus, total employment increases for three sets of reasons. First, the bene†¦ts reduce the unemployment rate for workers at all educational levels. Second, more workers choose to proceed to higher education where expected unemployment spells are shorter. Third, as labor force participation increases with the bene†¦ts, a larger share of the population will be employed.We also look at the impact of bene†¦ts when they are †¦nanced through a proportional tax on wages. Taxation actually reinforces wage moderation and, as such, does not overrule that bene†¦ts reduce wages, increase job creation, and reduce unemployment rates. However, it weakens the incentives to acquire higher education and particip ate in the labor force, thus inducing a counteracting e ¤ect on educational attainment and labor force participation. The element of the Nordic model that this paper underlines is the wage moderation stemming from bene†¦ts conditional on work.Also, we †¦nd this 3 mechanism to be very robust to the choice of model. Moreover, looking at bene†¦ts through this channel highlights how they have a positive impact on educational attainment and participation, thus counteracting, at least partly, the negative e ¤ect that taxation has on skill acquisition and labor force participation. The analytical results are followed up with a numerical example illustrating the e ¤ects of the bene†¦ts on labor market performance and educational attainment.The simulations indicate that bene†¦ts can have an important impact on unemployment for both low- and high- skilled. Without distortinary taxation, bene†¦ts also have a positive impact on skill acquisition, thus further reducing overall unemployment in the long run. When †¦nancing through proportional taxation on wages is iincluded in the model, the negative e ¤ect of taxation on educational attainment dominates the positive e ¤ect of bene†¦ts, thus resulting in a decrease in the share of the workforce acquiring tertiary education.Nonetheless, bene†¦ts still have a positive overall impact on unemployment. Considering the previous literature, there are a number of studies that have tried to explain why the Nordic countries have performed so well despite high taxes and generous welfare arrangements. As mentioned, some of these studies have emphasized the importance of that bene†¦ts are tied to market work for the successful outcome in terms of employment and participation (see Aronsson and Walker, 1997).A related view is provided by Rogerson (2007). He argues that the governments’spending pattern in the Scandinavian countries, compared to other high tax countries, can potentially explain the large number of aggregate work hours observed in these countries. He shows, holding tax rates constant, that it matters if the revenue is spent on disability payments which may only be received when an individual does not work or subsidies for day care for working mothers. The reason is that childcare subsidies create jobs.Our study also †¦nds that how the government choose to spend tax revenues matters for labor market performance, although for a di ¤erent reason. In contrast to Rogerson (2007), our results materialize through general equilibrium e ¤ects working through wage moderation. There is also a large number of studies focusing on particular features of the welfare state in the Nordic countries, looking for instance at the impact of childcare subsidies and paid paren'tal leave schemes on labor supply and a number of other outcome variables. 1 In contrast to our study, this literature

Case Analysis Ockham Technology Essays

Case Analysis Ockham Technology Essays Case Analysis Ockham Technology Essay Case Analysis Ockham Technology Essay Equity distribution Divided only by capital amount No sales Non-compete term Made sales calls to non-compete clients Differentiate their products/services First big sale to IBM -?a million-dollar contract Joining ATSC to add credibility Company name -? legal issue Changed the company name from SouthPaw to Champ Complete No investors The first big sale convinced investor with foreseeable profits Jims connections (Yates, Gorgon, Brewer) introduced investors Complete No product unreliable development team Look for another deep. Team KNIT, Thoughtful, or Hotshot Coders Build a self-owned development team -? Anderson, Taylor, or others In-process Raise money Build a board Bobby Crews $1 Mom, 50% equity Monarch/Cordovan $1. Mm, 33. 33% equity Nor $mm, 18% annual return before anyone else got anything In-process Tension with Mike Jim Split up company responsibilities Mike Keep control, be partner In-process b. Assessment i. Jim proved the products value and feasibility through his first sale to IBM ii. His success in the first sales helped him win more chance of further capital iii. He founded a team with diverse and complement background, which has contributed to forming an idea, developing a business plan, managing the product, and achieving the first successful sale. Iv. He fully used his connections to reach out to more talents and resources v. Though facing tons of problems, Jim and his team has overcome many of them and worked hard to solve the rest. They also have strong work ethic by obeying the non- compete term with TAG. 2. How will the current fund-raising efforts affect the formation of Chasms board of directors? A. Fund-raising and board orientation Fund-raising Board Composition pros Cons Bobby Crews 50% equity $ 1 Mom Jim, Mike, and Bobby Abundant money Bobby knows little about this business Bobby want half of equity Monarch/Cordovan 33% equity $1. Mm Jim, Mike, 1 or 2 PVC(s) from M/C, maybe 1 outsider A fast-growing PVC Bring more resources/value in the future < $2mm Relatively high equity requirement Noro $4mm 18% annual return before anyone getting anything Jim, Mike, 2 VCs from Noro, 1 outsider Biggest VC in the Atlanta area Rich resources and experience Over-influence from one VC -? Noro Investing in return rather than equity may lead to myopia on short-term profits Use two or more Vs. Jim, Mike, PVC from dif. Companies, 1 outsider Diverse board composition More capital Vs. may take over too much equity Less control 3. If you were Jim, how would you handle the increasing tension between y and Mike? A. Pros and Cons Jim Split up responsibilities Mike Involve in all decisions Be partners Pros More resources Grow faster Long-term profits More control More profits in a short term Sacrifice short-term profits Limited resources and development Less competitive b. Solution i. Negotiate with Mike ii. Identify common goals 1. Development: Long-term vs. Short-term 2. Long-term profits vs. Temporary more control iii. Define an acceptable range of decision-making for Mike iv. Emphasize Mikes importance to the company v. Explain why/how dividing the company into pieces will benefit more to try company and themselves vi. Convince Mike to agree on splitting up the companys responsibilities but secure his power and importance in this company 4. Should Champ outsource its system-development efforts?

Free Essays on Integration Of Asian Culture

The integration of Asian culture into American society has, by and large, been highly successful. Through diligence and perseverance Asian Americans have lived up to the title of â€Å"model minority†. The Asian community has earned a great deal of respect in regards to their high educational drive, significant economic achievement, and a strong sense of nuclear family. However, in a broad sense, the Asian American community, even with such a reputation, lacks a cohesive force to bring each ethnicity together. With all our motivation and progress, there still remains tantamount the need for a voice; the desperate cry for unity in our community. There is a saying among the youth: â€Å"Asians need to stick together†. But, more often than not, there remains the shadow of ethnocentrism separating our vast cultures, breaking down any efforts to organize a formidable force in American society. This is a serious problem that affects Asians worldwide and needs to be add ressed immediately starting with the youth. It is in these young people that seeds of unity and cultural bonding can be planted to create the leaders of tomorrow. The day will come when future leaders will carry the community into a new era, but a foundation must be laid out before the building is erected. We begin with a single brick: awareness. It is quite ironic that though Asian Americans tend to have strong bonds between immediate family members and much loyalty towards their individual cultures, there seems to be an air of arrogance and feelings of superiority against other Asian cultures. Perhaps the very same ambitious, competitive nature that many Asian Americans share serves to create this hostility, perpetuating inter-cultural prejudice. Many young Asian Americans know first-hand that their immigrant parents may tend to be very stubborn and reluctant to release themselves from these self-defeating beliefs. It is that same doggedness that was essential for... Free Essays on Integration Of Asian Culture Free Essays on Integration Of Asian Culture The integration of Asian culture into American society has, by and large, been highly successful. Through diligence and perseverance Asian Americans have lived up to the title of â€Å"model minority†. The Asian community has earned a great deal of respect in regards to their high educational drive, significant economic achievement, and a strong sense of nuclear family. However, in a broad sense, the Asian American community, even with such a reputation, lacks a cohesive force to bring each ethnicity together. With all our motivation and progress, there still remains tantamount the need for a voice; the desperate cry for unity in our community. There is a saying among the youth: â€Å"Asians need to stick together†. But, more often than not, there remains the shadow of ethnocentrism separating our vast cultures, breaking down any efforts to organize a formidable force in American society. This is a serious problem that affects Asians worldwide and needs to be add ressed immediately starting with the youth. It is in these young people that seeds of unity and cultural bonding can be planted to create the leaders of tomorrow. The day will come when future leaders will carry the community into a new era, but a foundation must be laid out before the building is erected. We begin with a single brick: awareness. It is quite ironic that though Asian Americans tend to have strong bonds between immediate family members and much loyalty towards their individual cultures, there seems to be an air of arrogance and feelings of superiority against other Asian cultures. Perhaps the very same ambitious, competitive nature that many Asian Americans share serves to create this hostility, perpetuating inter-cultural prejudice. Many young Asian Americans know first-hand that their immigrant parents may tend to be very stubborn and reluctant to release themselves from these self-defeating beliefs. It is that same doggedness that was essential for...