Hanjin Bankruptcy Case Study

Hanjin Bankruptcy Case Study Abstract Over the past five years, Hanjin Shipping Co Ltd has maintained its ranking among the top 10 shipping companies in the world making it in 8th position in 2015 (JOC 2016), however, on 31st of August 2016, Hanjin Shipping declared bankruptcy. It was clearly leading to bankruptcy as company was showing low profitability and Hanjin vainly attempted to increase liquidity but it was too late. It is also said that Hanjins breakdown was the largest and the most significant bankruptcy in the container transport industry (Paris and Nam 2016). 1. Introduction The purpose of this report is to examine and look at factors that led to the bankruptcy of Hanjin. This report is divided into two parts. In the first part the Business Report published by the company will be used to identify 4 factors which led to the Hajin Shipping collapse to give and analyse the image of liquidity and profitability. The second part will focus on cash budget went in 2014 and et sequitur. 2. Factors that resulted in Hanjin Shipping crash Four outputs were chosen from Hanjin Shipping Co Ltd financial results two from Balance Sheet and two from Profit and Loss account in order to explain the bankruptcy. Those outputs are Current Assets (comparing to the Current Liabilities), Borrowings, reduction of Profitability and Profit from Discontinued Operations. 2.1 Factors in Balance Sheet Liquidity, according to Subramanyam and Wild (2009), is companys capacity to rapidly convert the current assets into cash or to derive cash to cover its short-term obligations. The companys activity may be affected seriously if there is a lack of liquidity. Therefore, liquidity expresses the capacity of the company to comply with its short-term obligations, for instance, to meet expenses with sufficient cash inflows or to accumulate a security reserve for any incalculable situation such as payments growth. Consequently, liquidity may be defined as the factor that designates the ability of the company to transform assets into cash or to obtain cash to keep up with the short-term obligations. 2.1.1 Current Assets and Current Liabilities Current Assets are assets that are expected to be converted into cash, sold or consumed within short period of time, usually one year (Subramanyam and Wild 2009). Current assets generally include cash, trade receivable, inventories and prepaid expenses. Current Liabilities are obligations expected to be satisfied usually within one year (Subramanyam and Wild 2009). Current liabilities in balance sheet accounts ordinarily include trade payable, short-term bank borrowings, taxes and accrued expenses. First of all, the key point in the Balance Sheet (B/S) is the difference in size amongst Current Assets and Current Liabilities (960 billion and 4 036 billion of won respectively in 2015). It is also important to mention that Current Assets built up only 13% of Total Assets in 2015. Besides, the short-term Borrowings was the main output which drove the Current Liabilities so high (3 171 billion of won in 2015 what is 78,6% of Current Liabilities and 60 times more than Total Comprehensive Income that year). Furthermore, the distance in percentage between Current Assets and Current Liabilities was enlarging since 2013. In particular, Current Assets went down by 35% in 2015 since 2014 and by 47% since 2013, while Current Liabilities declined only by 18% in 2015 since 2014 and by 32% since 2013. This is the root cause of insolvency, as Current Assets were not sufficient to come over Current Liabilities. 2.1.2 Long-term Borrowings Non-current (or long-term) liabilities are obligations that come due in more than one year (or the operating cycle) and include borrowings, bonds and debentures (Subramanyam and Wild 2009). Long-term Borrowings are type of debt and financial obligations issued for the duration of several (3-5 or more) years (Matassa 2011). Any financial liabilities or bonds included in long-term loan are expected to be reimbursed in a longer than 12-month period. In the Hanjins report (2015), long-term Borrowings grew up by 20% in 2015 since 2014 what means that previous long-term loans were not sufficient in order to run adequately. Moreover, Borrowings were composing over 95% of total Non-Current Liabilities in 2015, and 45% of total borrowings during the same year what comparing to the previous year (2014) grew by 13%. The situation was aggravating due to lack of liquidity and consequently, the ability to repay the loans. Too much of Borrowings finally resulted in loss of confidence by banks who refused future debt services. 2.2 Factors in Profit and Loss account 2.2.1 Reduction of Gross Profit Reduction in profitability may be another cause which triggered a reject for further accrediting by banks or other investors causing erosion of equity what consequently ended with the actual collapse of Hanjin. In the Profit and Loss account (P/L), Sales went down by 9% in 2015 from 2014 comparing to Gross Profit which reduced by 14% in 2015 from 2014. This means that in the possible future, company could become less profitable (if the trend will continue) and go into losses again, as it was in 2013, where Gross Loss was accounted for 260 billion of won and Total Comprehensive Loss for 670 billion of won. Regarding to all listed outputs, it may be additionally supposed that the company was losing its paying capacity what may be another factor of bankruptcy. 2.2.2 Profit from Discontinued Operation What is more, looking at the P/L, the Profit from Discontinued Operations suggested the slippage (141 billion of won in 2014 and 0 in 2015) joined together with losses accumulated over the past years (2 251 billion of won in 2015) had ruined the companys equity. 2.3 Evaluation of the effect on the financial result All in all, it can be said that the Liquidity was low due to incapability of Current Assets to overcome Current Liabilities and continuous Long-Term Borrowings. Profitability was also hardly struggled because of reduced Gross Profit and sudden losses from Discontinued Operations. Combining all afore-mentioned factors and taking into consideration the amount of accumulated losses, the size of total remained Equity was smaller than share capital by 34% in 2015 (the situation, however, was better than in 2014 where the distance was accounted for 38% but unfortunately for Hanjin not enough to solve the issue). As a result, the outcome of stated factors became the rapid decline of Hanjins financial sustainability which consequently led to companys insolvency and crash. 3. Budgeting P/L account (Y0) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales revenues 52 55 59 65 55 53 57 59 64 67 70 74 Cost of sales -29 -31 -34 -36 -31 -29 -33 -34 -35 -36 -37 -39 Salaries -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Electricity -3 -4 -5 -5 -2 -2 -2 -3 -3 -5 -6 -7 Depreciation -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 Other overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Total expenses -47 -50 -54 -56 -48 -46 -50 -52 -53 -56 -58 -61 Profit 5 5 5 9 7 7 7 7 11 11 12 13 Legend: From previous Year Reduced inventories Increased sales Electricity policy Payables policy 3.1 Cash Budget for Y0 (2014) Cash Budget (Y0) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Trade Receivables 65 52 55 59 65 55 53 57 59 64 67 70 Trade Payables -35 -29 -31 0 -34 -36 -28 -26 -30 -31 -35 -36 Salaries -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Electricity -3 -4 -5 0 0 -6 0 0 -5 0 0 -15 Overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Total payments -51 -46 -49 -13 -47 -55 -41 -39 -48 -44 -48 -64 Cash Surplus 14 6 6 46 18 0 12 18 11 20 19 6 Opening Balance 50 64 70 76 122 140 140 152 170 181 201 220 Closing Balance 64 70 76 122 140 140 152 170 181 201 220 226 Legend: From previous Year Reduced inventories Increased sales Electricity policy Payables policy 3.2 P/L Forecast for Y+1 (2015) P/L forecast (Y+1) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales revenues 55 58 62 68 58 56 60 62 65 68 71 75 Cost of sales -29 -31 -34 -36 -28 -26 -30 -31 -35 -36 -37 -39 Salaries wages -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Electricity -9 -6 -5 -15 Other overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Total expenses -42 -44 -56 -49 -41 -45 -43 -44 -53 -49 -50 -67 Profit 13 14 6 19 17 11 17 18 12 19 21 8 3.3 Cash Budget for Y+1 (2015) Cash Budget (Y+1) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Trade Receivables 74 55 58 62 68 58 56 60 62 65 68 71 Trade Payables -37 -39 -29 -31 -34 -36 -28 -26 -30 -31 -35 -36 Salaries wages -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Overheads -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 Electricity 0 0 -9 0 0 -6 0 0 -5 0 0 -15 Total payments -50 -52 -51 -44 -47 -55 -41 -39 -48 -44 -48 -64 Cash Surplus 24 3 7 18 21 3 15 21 14 21 20 7 Opening balance 226 250 253 260 278 299 302 317 338 352 373 393 Closing Balance 250 253 260 278 299 302 317 338 352 373 393 400 3.4 Effects of Initiatives on profitability and liquidity There is more cash available for spending on other business opportunities such as: Pay off a loan; Take advantage of new opportunities; Adoption of new technologies; Increased efficiency on operations. Implication of new assumptions for Y+1 as well as consideration of the changes that were applied in the Y-0 eventually allowed achieving positive results for the company. First of all, when comparing cash budget Y-0 and Y+1 it becomes possible to see that due to the introduction of new proposals overall expenses within Y+1 were maintained relatively close to expenses within Y-0. Moreover, assumptions that were set for the Y+1 allowed further increasing the overall profitability of the company and achieving final amount for closed balance of 347. Furthermore, implications that were introduced in Y-0 and were present in Y+1, such as electricity costs policy and supplier policy, also made a significant impact in terms of boosting the overall performance of the business during the Y+1 period. All in all, initiatives that were proposed and incorporated proved to be efficient and had a significant impact on the companys performance. 4. Conclusion Taking everything into account, all the implementations that were made within Y-0 and Y+1 have proven to be successful in terms of allowing the company to expand its capital. As it can be seen from the calculations provided in the report the company experienced a steady growth of shares which can be used as a support to the previous statement. Finally, the decisions which were made regarding Braemer Shipping Ltd created a positive effect on the business simultaneously setting the ground for the companys future expansion. Reference List Hanjin Shipping (2015) Business Report Hunter L. (2017) Lecture, Available at: (Accessed: 10 March 2017) JOC (2016) Hanjin Shipping Bankruptcy, Available at: http://www.joc.com/special-topics/hanjin-shipping-bankruptcy (Accessed: 2 February 2017) Paris C. and Nam I.-S. (2016) Move by South Koreas Hanjin Shipping Roils Global Trade, Wall Street Journal, Available at: https://www.wsj.com/articles/troubled-hanjin-shipping-to-sell-healthy-assets-to-rival-1472611190 (Accessed: 2 February 2017) Subramanyam K. R. and Wild J. J. (2009) Financial Statement Analysis, 10th edition, McGraw-Hill/Irwin: New York Matassa F. (2011) Museum Collections Management: A Handbook, Facet Publishers

With Close reference to Broagh, Anahorish and Anew Song, write about Heaney’s use of language as a way of celebrating his Irish identity

In all three of the poems the first line has a very significant link with either the Irish language or the geography of Ireland. For example in Anahorish the first line explains what the title means. He says † my ‘place of clear water' â€Å", the reason he uses the word my during this is so that the poem is seen through his eyes and gives the reader a first person view of what he is seeing and doing and why what he has written is so significant to him. It also shows by using this that he feels comfortable in this place and it is as if it was a safe haven for him, thus showing how he feels when he is in Ireland, safe and secure. But in Broagh the same thing happens he firstly shows what the title of the poem means and in this case it means riverbank. This way of writing is significant because it is showing that he is proud of Ireland and that he is proud to teach others about his culture and what it means to be Irish. In ‘A New Song' the first line again has a direct link with Ireland, but this time it is not linguistic as in the other two poems but it is geographical. He states † I met a girl from Derrygarve†, this obviously being a place in Ireland. But notice must again be shown to the way in which the sentence is written. The use of â€Å"I† showing that it is again in first person, the significance of this is therefore that he is proud to tell others about where he comes from and what it is like in Ireland for those who have never been thee before. Much of the content in all of the poems is about how Heaney perceived the world around him, especially the geographical world when he was a child. Examples of this in Anahorish are â€Å"the first hill†, â€Å"springs†, â€Å"Shiny grass† and â€Å"vowel – meadow†. These are all ways in expressing his identity and are about him growing up, for example â€Å"vowel meadow† is used. I believe that this has a dual purpose in the poem, firstly it is used to show how his use of language progressed as he grew older and also how Gaelic has many different uses for vowels therefore contrasting it with the English language which has a fairly regular vowel pattern. An example of this in Broagh is â€Å"The garden mould†, this shows Heaney's sense of belonging to Ireland, as mould is something, which belongs to the garden, and with out it would not feel correct. So therefore it is a metaphor, Heaney representing the mould and the garden representing Ireland. This meaning that he was so much a part of Ireland that it would not seem right if he was not there. A piece of geographical imagery in ‘ A New Song', which shows Heaney's Irish identity, is † But our river tongues must rise†. This is about how the Irish language must keep on going and not be forgotten. He says this because if it does the Irish will not be able to be identified any more and might as well just be English which he would not want as Heaney wishes to remain separate from the rest of the United Kingdom. Also during the poems he often hints and metions how people who are not Irish i. . the English find it very difficult to speak the Gaelic language. This is most outstanding in Broagh, † like that last gh the strangers found difficult to manage†, here it is evident that Heaney is proud of his language and puts forward the point that not many people are able to speak it correctly. This therefore separates the Irish from the English. You can also clearly see this in ‘A new song' when it says â€Å"to flood with vowelling embrace', this means that he would like to see Gaelic spoken more widely maybe through out the world or maybe just Ireland.

Advantages and Disadvantages of Free Higher Education Essay

College and university education has become very important in today’s life. Wherever you see an advertisement for job, there is some certain criteria for certain posts. For example for marketing executive employers prefer MBA Marketing person, for eye surgeons hospitals prefer oculist. Without a college degree a person is unqualified for such posts. Some people believe that university graduates should pay the full cost of their education. Others say that university education should be free. Let’s consider advantages and disadvantages. On the one hand, higher education leads to a more educated and productive workforce and it does offer some external benefits to society Also, everybody will get an equal chance to pursue higher studies, independent of their economic background and enabling merit to become the sole criteria. If the education is given free to all then admission will be given wholly on merit basis. This will result in increase in level of competition. It will be certainly beneficial to everybody those who could get admissions. Brilliant students will build a strong nation. On the other hand, if people have to pay to go to university, they would value the education more. In this situation, students motivation for achieving good performance is expected to be high. Then, if the government of a country takes policy to fully finance the college education, the government has to limit the number of colleges and universities since their budget is not limitless and it will produce many problems. And Top up fees enable more investment in universities. It will also help attract and keep the best teachers and researchers. This issue has both positive and negative sides as we saw above. The best thing will be to make the education free for those who are economically backward, are really incapable of paying fees for education but they have caliber. But education should not be made free to people who are rich and are capable paying fees for their kids. This will really help to reduce the economical differences in society as poor will be able to get good jobs.

Effect Of Globalization On Neediness Essay - 1164 Words

Many millions of people are excluded, left behind in squalor . . . (Annan 2000). In spite of the fact that the correct effect of globalization on neediness is exceptionally hard to evaluate, look into assessments demonstrate that destitution has expanded by 82 million, 14 million, and 8 million in sub-Saharan Africa, Europe and Central Asia, and Latin America and the Caribbean separately. Investigating this, globalization itself can t be considered in charge of the vast majority of the neediness in creating nations as different variables, for example, terrible administration, poor financial strategies, feeble changes, and so forth have additionally embroiled. Be that as it may, globalization is a main consideration. As guaranteed by Princovà ¡ (2010), globalization prompts to riches redistribution – worldwide lavishness and neighbourhood destitution . It makes the rich nations, for this situation, the industrialized countries, to end up distinctly wealthier, and the poor cou ntries, the creating nations, to end up distinctly poorer. Health Risks Considering globalization from the wellbeing and illness edge, it has affected genuinely on the epidemiology of irresistible infections, as respects to the capacity to counteract, control and kill these ailments, worldwide and particularly in developing countries. One of the routes by which this has happened is the upgrade of mechanical limits around the world, prompting to expanded outflows and a resulting in a worldwideShow MoreRelatedImpact Of Globalization On Training And Wellbeing Frameworks1580 Words   |  7 Pagesthe advantages and downsides from the perspective that globalization made in the creating nations in the three vital fields, for example, financial and exchange procedures, instruction and wellbeing frameworks and culture impacts. It is comprises of four sections. In passage one, the advantages and burden of globalization in the monetary and exchange forms field will be talked about. At that point, in passage two, the effect of globalization on training and wellbein g frameworks in both sides willRead MoreThe World Is Flat : Summary1115 Words   |  5 Pagesin slippers through JetBlue’s home reservation system). In this chapter, Friedman details three great eras of globalization. The first, called Globalization 1.0 dates from 1492 to 1800, and is driven by countries, such as Britain colonization. The second era, GLobalization 2.0, ran from the 1800s to 2000. This era was driven by companies globalizing. From the millennium on is Globalization 3.0. This third era, however, is driven through individuals and small groups. Chapter two is called â€Å"Ten DaysRead MoreEthical Implications Of Business Morals1647 Words   |  7 Pagesloaded with improvement because of globalization. Globalization can be characterized as the arrangement of association among the nations around the globe and fill as one of the need in building up the worldwide economy. â€Å"Globalisation alludes to each one of those procedures by which the people groups of th e world are fused into a solitary world society, worldwide society† where are likewise a few acclaimed citation about globalisation. Not just that globalization additionally added to the expandedRead MoreGlobalization And Its Impact On Human Advancement1819 Words   |  8 Pages Globalization is the procedure by which all people and societies come to encounter an undeniably basic monetary, social and nature s turf. By definition, the methodology influences everyone all across the globe. Globalization has been the characterizing pattern in the end decade of the twentieth century and the beginning of new thousand years proclaiming another time of collaboration among countries, economies and individuals. Globalization is an on-going methodology of worldwideRead MoreThe Economic Development Of A Nation1852 Words   |  8 Pagesconstrains the development of the economy moreover. As Primaria is a developing nation there are numerous regions we can work to pull the economy and also the general development of the country. The foreign investment in the nation can have a major effect on the economy. What s more, it will likewise create job opportunities, profitability, technology, new innovation, infrastructural improvement, access to better products and numerous mor e trade advantages, which will help the generous economic developmentRead MoreComparing The Policies Of Canada Essay2089 Words   |  9 Pagesthese children’s entire lives, will also be revealed. It is the intention of this paper to show that seemingly innocent differences can be gargantuan in its effect, and that special attention needs to be paid to the formation of these policies. This paper will argue that differences in semantics in these policies will serve to inform the effect they have. Specifically, it will argue that the Quebec’s Educational Childcare Act (2012), although noble in its intent, serves to produce and maintain theRead MoreIllegal Immigration Is The Movement Of Individuals From A Country Essay1762 Words   |  8 Pagesform at first, then it turns into illegal. This happens when someone’s visa expires and he keeps living in the host country. In countries or states where a high economic and social level exist, and where immigrants seek for going there, the negative effects of illegal migration can be felt since there will exist larger contact area between natives and illegal aliens. Violations that is perpetrated from unlawful migrants when they are involved in crimes which prompt to expand wrongdoing rates. SomeRead MoreImpact Of Ict On The Economy2070 Words   |  9 PagesImpact on Economies: Consequences for poverty lightening are additionally considered, despite the fact that the idea of neediness broadens previous the monetary measurement. Going after most studies on the financial effect of ICT, the paper recognizes financial effects emerging from ICT dissemination and from ICT area all through the economy. As an example, what happens to India after applying ICT, with its average annual GDP growth rate of 5.8% over the past two decades, and reaching 7.3% last yearRead MoreCan Democracy Remedy Africa s Problem? Essay1844 Words   |  8 Pagesfacing a fragmentation of knowledge. On one hand, the fracture of learning identifies with the hostility between the endogenous intelligence and encounter and the information acquired from the pilgrim past. Then again, it identifies with the separate effect of religions (specifically Christianity, Islam and animism) on the ideological estimations of improvement. These diverse types of fracture have brought extraordinary ideological disparity and an absence of social roots. The ideological divergencesRead MoreThe A New Progressive Incidence Where So Many People Working Long Hours?1764 Words   |  8 Pageshours, this came to be common with the pursuit for the American dream being on every workers mind. This has even been escalated by globalization and the 24/7 working economy. Additionally, many success stories have underlined hard work driving the perception that working hard for long hours makes someone rich. That economic flourishing would make sentiments of time neediness looked somewhat odd in the 1960s, given each one of those new efficient blenders and lawnmowers (Hewitt 99). In any case, there

The Teacher Has Never Trusted Me With Harold - 2068 Words

This week has been a total suck-fest, up until now. The teacher has finally trusted me with Harold. To be more specific, Harold is a two-pound, completely overweight, greyish brown gerbil. In order to justify his extreme weight, you’d have to explain that Harold had a disorder where he had to eat every four hours (real thing), and exclusively with Snausages (Probably not a real thing [the having to be fed with part not the snausages]). And my teacher has trusted me with Harold for the three-day weekend, a result of over qualified American holidays. â€Å"I’m home!† My mother says, as she walks through the door with our new 1200 watt microwave. Let me start from the beginning. Our parents just won this big raffle for a $1,000 dollar gift card†¦show more content†¦Harold, on the other hand was living in his own crap, mainly because of Simon’s pure neglectance to even give him food or give him the least bit of sanitation. Until we realized that Harol d wasn’t in his cage. â€Å"Simon Percival Johnson!† I’m almost sure that my shout echoed throughout the entire neighborhood, and I’m completely sure that it bounced around in his head. It took him almost thirty seconds after I had yelled for him to get off of his butt, cheetos spilling all over the floor. That’s Simon for you. I could already tell that he was eating his, umm, probably fourth batch of popcorn, and I could hear his next being made at the moment. But then, what noise I heard next was different from anything I’d ever heard. It was a mix of squeals and the sound of a gunshot. Beep beep beep. Your food is ready. I saw those words flash on the microwave screen about a million times before even realizing the horrible mess below. I won’t go into details, but if you have ever seen a horror show, that’s what it looked like. Blood everywhere, bits of fuzz stuck to the inside of the microwave, and two organs, the small intestine, and the even smaller intestine, were visible through the gerbil-covered glass. Yup, my brother microwaved the gerbil to see what would happen. â€Å"Cool!† Simon yelled at the top of his lungs, taking pictures of the innocent, now decimated gerbil. Millions of thought wereShow MoreRelatedEssay on Is the Utilization of Learning Styles Necessary?1566 Words   |  7 Pagesheart of this battle is the question over whether or not educators should alter their lesson plans to reflect the learning styles of their students. Many of us have heard someone say, â€Å"I couldn’t figure out what they were saying, but once they showed me how I was able to do it.† This is an example of someone’s learning style. A learning style is the way a person prefers to process, internalize, and remember new information or concepts. On one side of this debate are those educators that believe studentsRead MoreDevelopment of the world without religion1640 Words   |  7 Pagesplanet Earth through science, what is discovered is that there are no generic answers. The conversation will erupt into a never-ending debate and get into the vexing, and sometimes violent, interpretations based on one’s beliefs. What can be answered is wh at goes on inside the geographical world. My topic of research is not the geography that is tested in the second grade, when a teacher asks a student to point to where London is on a map. In fact, I will be focusing in on the urban geography developmentRead MoreOrganisation Structure Training8962 Words   |  36 PagesJAGIRIPU Under the guidance of Sir Harold Patrick, Professor CHRIST INSTITUTE OF MANAGEMENT CHRIST UNIVERSITY, HOSUR ROAD, BANGLORE-560029, KARNATAKA, INDIA DECLARATION: I, Indira Priyadarsini J hereby declare that the project report entitled A Study on the Organization(with reference to Hindustan Coca-Cola Beverages Pvt. Ltd) submitted to Christ Institute of Management, Christ University. It is a bonafide work done by me and it was not submitted to anyRead Moreshakespeare influences16068 Words   |  65 PagesAllah, Who made it possible for me to work and accomplish this thesis. I am highly obliged to the Chairperson of English Department Madam Parveen for her special support. I would be unable to complete this thesis without supervision and guidance of my beloved teacher mam Samreen Humayun. And I am especially indebted to my mother Hub-e-Zehra and my sister Dr Syeda Samreen Asad, without their kind support, motivation and encouragement, it would be impossible for me to complete this work. Read MoreTurning Ineffective Employees and Bosses into Performers: The New World Order13031 Words   |  53 PagesOrganizational Behavior, Productivity, Performance Measure, Performance Behavior, Performance Appraisal, Managing Workers. Resume *Tiffany Jordan, Ph.D./DBA., International Business/Management Advanced Graduate Business Certification in Management Teacher Business Gifted Education Certification, State of Florida Master of Business Administration Bachelor of Science Train the Trainer Table of Contents Introduction Who exactly is a poor Performer Causes of problem employees The Primitive OrganizationRead MoreLogical Reasoning189930 Words   |  760 Pagesby Wadsworth Publishing Company, Belmont, California USA in 1993 with ISBN number 0-534-17688-7. When Wadsworth decided no longer to print the book, they returned their publishing rights to the original author, Bradley Dowden. The current version has been significantly revised. If you would like to suggest changes to the text, the author would appreciate your writing to him at dowden@csus.edu. iv Praise Comments on the earlier 1993 edition, published by Wadsworth Publishing Company, whichRead MoreInnovators Dna84615 Words   |  339 Pagesin strategy and business journals and was the fourth most cited management scholar from 1996–2006. is a professor of leadership at INSEAD. He consults to organizations around the world on innovation, globalization, and transformation and has published extensively in leading academic and business journals. is the Robert and Jane Cizik Professor of Business Administration at Harvard Business School and the architect of and the world’s foremost authority on disruptive innovation. Read MoreDeveloping Management Skills404131 Words   |  1617 Pagesteaching—you’re just talking!† Here’s what some authorities on higher education have to say about how effective teachers foster learning: â€Å"All genuine learning is active, not passive. It is a process of discovery in which the student is the main agent, not the teacher.† (Adler, 1982) â€Å"Learning is not a spectator sport. Students do not learn much just by sitting in a class listening to teachers, memorizing pre-packaged assignments, and spilling out answers. They must talk about what they are learningRead MoreProject Managment Case Studies214937 Words   |  860 PagesPROJECT MANAGEMENT CASE STUDIES, SECOND EDITION - PROJECT MANAGEMENT CASE STUDIES, SECOND EDITION HAROLD KERZNER, Ph.D. Division of Business Administration Baldwin-Wallace College Berea, Ohio John Wiley Sons, Inc. This book is printed on acid-free paper. @ Copyright O 2006 by John Wiley Sons, Inc. All rights reserved. Published by John Wiley Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored inRead MoreImpooving Employee Performance72019 Words   |  289 Pagesjob? Have the trainees transferred their new skills and learnings to their everyday environment? Finally—and here comes the bottom-line question—has all this effort made any difference? Yes, the salesmen liked the program. Yes, they learned all of the selling skills we taught them and, yes, they’re using those skills when they call on their customers. But has this led to an increase in sales? That’s Don’s ï ¬ nal level: Results. From a business and organizational perspective, it’s only at the level of

Sexual Abuse And Domestic Violence - 790 Words

People who experience sexual abuse or domestic violence always blame themselves due to guilt and low self-esteem, also because the abuser is very dominant and can make the victim believe that it’s their fault. As Lievore suggested a few number of personal barriers: ïÆ' ¼ Humiliation, awkwardness; ïÆ' ¼ Thinking that what their partner is doing is not a crime and shouldn’t be report as they’d refuse to testify against them. ïÆ' ¼ They don’t want other people knowing. ïÆ' ¼ Blaming themselves or believe that other people would blame them for it. ïÆ' ¼ Going through the situation quietly and not sharing it with anyone else ïÆ' ¼ Making excuses or protecting the abuser. (Lievore 2003) And a few barriers at the level of the justice system include: ïÆ' ¼ Thinking that the police wouldn’t be able to help ïÆ' ¼ Dread of being treated badly by others or looked down upon ïÆ' ¼ Scared of legal procedures ïÆ' ¼ Not having enough evidence to prove the incident ïÆ' ¼ Not being aware of the reporting system (Lievore 2003) The blocks recognized by (Lievore 2005) have an individual and social estimation and give an aide of the mental region subject to be possessed by various survivors. All are fit for bringing about excited inconvenience despite that delivered by the assault. Hence, these checks may obfuscate and worsen the psychosocial inconvenience starting now passed on by survivors. This weight is the one with which advantage suppliers must snare when they work with setback/survivors and make intercessions toShow MoreRelatedDomestic Violence And Sexual Abuse881 Words   |  4 Pagesallegations of domestic abuse against current players. In it, a woman phones the police, forced to pretend to be ordering a pizza in order to not raise suspicion from her abuser, who is in the room with her. The creator of the commercial, No More, is an advocacy group that is working to end domestic violence and sexual abuse. On their website, they cite the 2013 Avon Foundation for Women’s NO MORE study, which found that while nearly two thirds of Americans know a victim of domestic or sexual abuse, thoseRead MoreDomestic Violence And Sexual Abuse1478 Words   |  6 PagesLiterature Review Background of Study ​Anger and violence happen at every level in the family, which ultimately destroys the family life, and it happens with couples, parents, children and also siblings. However, females have primarily been the target of violence (Payne Wermeling, 2009). Domestic abuse is often recurring and it signifies that one partner in the relationship threatens the other psychologically, economically and sexually by harming them physically or threatening to harm themRead MoreDomestic Violence And Sexual Abuse Essay731 Words   |  3 Pages Domestic violence has had a traumatic affect on the lives of millions of people in the United States alone (Carretta, 2010, p. 28). Bryant Furlow (2010) states that domestic violence is any physical, psychological or sexual abuse endured by a current/former spouse, intimate partner or simply anyone who is abusing another family member. According to Furlow (2010) domestic violence incorporates elder abuse, child abuse and intimate partner violence. Altho ugh domestic violence can affect all membersRead MoreDomestic Violence And Sexual Abuse896 Words   |  4 Pageswitnesses abuse in his/her home at a young age? Introduction: What is domestic violence? â€Å"Domestic Violence is a pattern of behaviors used to establish power and control over another person through fear and intimidation, often inclosing the threat or use of violence†(Safe Horizon, 2015). Domestic violence includes physical abuse, sexual abuse, emotional abuse, and exploitation; therefore, this is in relation to â€Å"intimate partner violence, battering, relationship abuse, spousal abuse, or familyRead MoreDomestic Violence And Sexual Abuse1431 Words   |  6 PagesDomestic violence by definition is a violent or aggressive way of being within the confines of the home; in most occasions it is typically involving the violent abuse of a spouse or partner. There are various cues that display an abuse relationship; domestic violence is just the definition of the type of abuse itself. Abusive individuals that are most likely to commit domestic violence actions are said to need to feel in charge of the relationship. They will make decisi ons for you and the familyRead MoreDomestic Violence And Sexual Abuse1456 Words   |  6 PagesDomestic Violence is violence between intimate partners. Intimate partners can be people who live together or people who are currently dating or have dated in the past. â€Å"Perhaps a better definition of domestic violence is emotional abuse, physical abuse, or sexual abuse between people who have at some point in time had an intimate or family relationship.† (AAETS). Emotional abuse is when an intimate partner has continuously criticized you, manipulated you with lies, and humiliated you in public orRead MoreDomestic Violence And Sexual Abuse2157 Words   |  9 PagesWhat is considered â€Å"Domestic Violence†? Can just about anyone claim they are victims of Domestic Violence or is there certain types of people that classify for it? Not anyone can claim domestic violence, one must have actual proof of being beaten or abused. Domestic violence is a pattern of behavioral or mental abuse, which involves acts of violence by one person against another in a domestic context, such as in marriage. Intimate partner violence is domestic violence against a spouse or other intimateRead MoreDomestic Violence And Sexual Abuse1857 Words   |  8 PagesIntimate partner abuse has more commonly and it typically has been called domestic violence or spouse abuse. This type of abuse describes any physical, sexual, or psychological harm by a current or former intimate partner or spouse. The definition of intimate partner abuse is any intentional act or series of acts that cause injury to the spouse or intimate partner. Usually the abuse starts as psychological abuse and then gradually turns into physical and possibly sexual abuse. Another reason whyRead MoreDomestic Violence And Sexual Abuse2537 Words   |  11 Pagesonce spoiled with turn into howling screams and name-calling. The flattering gifts turn into physical abuse. This relationship is referred to as domestic violence or intimate partner violence. This happens when a partner or significant other declares power, authority and control over the other partner. To maintain this authority and control, the abusive partner uses emotional, physical or sexual abuse over his victim (Alters 27). Victims will desperately look for an exit out of this relationship, butRead MoreScenario: Domestic Violence and Sexual Abuse Essay example866 Words   |  4 Pagessituations and help them cope with past experiences. I selected scenario number two. The personal information I would collect from this client is basic demographic information, personal background such as family, trauma history, history of domestic violence or sexual abuse, marital status, financial situation, health, education, housing status, strengths, resources, and employment. I would also collect family history of mental health problems, client history of mental health problems, any hospitalization

The Most Important Thing About Breathing free essay sample

I’m going to tell you right now that I don’t like a single second of it. Papers rustle around me as I sit here, silent and unmoving, like a long forgotten statue hidden under the ruins of the library at Alexandria. Nothing. A train blows its whistle in the distance, the clock tower chimes one, two, three, four, five, six times. Six, it’s not a very pleasant number. Don’t three sixes in a row represent the devil? That can’t be a good sign when this one day might very well be the most important day in my life. It’s impossible not to act, but I see it every day. Even now, I can’t stand it. They all just sit there, I mean, all they can do is breathe. They take in air and spurt it back out, like a vending machine when your dollar bill is too wrinkled. We will write a custom essay sample on The Most Important Thing About Breathing or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They are just a being, taking everything from the world and giving nothing back. I don’t see it that way. It’s impossible to simply stand by when you know there’s something you can do to change what’s happened. I told myself that today, I am going to act. My whole life I’ve been standing by and waiting, but no more. I hear a ping on my watch, reminding me not to waste any time. Moving as quickly as a jet plane, I expose myself to the outdoors. It’s cold, it’s wet, I’m not wearing the appropriate clothes, but that’s not what I’m thinking. There’s a passion, a fire, that pushes through my core and seems to be leaking out. Every step I take power thrives through my bones and the grey sky around me brightens. This is life. I’m running, now. Chasing down fate like life depends on it. No. My life does depend on it. This one moment of this one day will change everything, and I am ready. I stand before a door, tall and wide, just as I remember it. I turn away, not wanting to face my destiny resting just behind this piece of wood, or plywood, or fiberglass, or whatever modern doors are made of now. I close my eyes, taking myself back to the day I decided I needed to leave. I had a choice: college here or college there. I saw all the possibilities waiting for me out there, in the world. What did I have here in this small prison of a town? So it was official. It was my decision and I never look back on it, or do I? I snap back to reality as I hear a honking horn. A car of rowdy teenagers passes by and they yell a stream of unsavory sentences at me. They have no idea. To be a rebel, to wish for freedom, it isn’t worth it. At least, that’s what I keep thinking when I feel totally lost. ‘I was never like that,’ I tell myself. But then I turn around and see the door again, stained a brilliant blue, like the tears I have shed both from within and without this house. All those days and nights I thought I could get by on my own. I thought I was on a path to living up to my own expectations, my own plans, my own dreams, but now I’m not so sure. I’m going to tell you right now that I don’t like a single second of it, but all my sitting and breathing has gotten me nowhere. These steps, these muscles, this will, propels me forward and I open the door. I let out a yelp. It’s still here, all of it. My hand slips my grasp on the doorknob and the heaviness of my heart is released as the door slams behind me. I see faces peeking out from the top of the stairs. I take a deep breath, not any old breath like I have been breathing every day of my life, I absorb it all in and close my eyes when I say, â€Å"I am home.†