Wednesday, November 27, 2019
10 Pieces of Career Advice No One Tells You
10 Pieces of Career Advice No One Tells You If youââ¬â¢re job searching, youââ¬â¢ve probably heard a ton of advice from well meaning relatives, mentors, and friends. But you probably arenââ¬â¢t getting career advice from superstars- you know those mythical people who do what they love and love what they do and really make an impact in the world? Keeping in mind that not everyone will succeed following the standard cookie-cutter job advice, and that taking a few unconventional risks just might be the smartest move for you, here are a few essential pieces of advice you probably wonââ¬â¢t get told, but that maybe you should follow.1. Job requirements are not set in stone.Yeah, yeah. Itââ¬â¢s important not to apply to anything for which you are blatantly under- or unqualified. Even so, unless the job is academic, legal, or medical- fields in which hard skills are crucially important- what matters is usually the value you bring to the position and your willingness to hit the ground running. Itââ¬â¢s not common to get a hiring manager to look past their checklist of requirements, but with a little ingenuity and pluck, you just might have a shot.2. Embrace imposter syndrome.A combination of control and hard work, the feeling that youââ¬â¢re really good at what you do, and a healthy dose of insecurity might just be the magic potion. If you constantly feel that youââ¬â¢re not good enough at what you do, youââ¬â¢ll only push yourself to do better- and soon outpace everyone who thinks they can just sit back and go through the usual motions.3. Donââ¬â¢t be realistic.The number one thing people are going to tell you is to be realistic. But reality is an illusion. If you dream big and work hard, you can probably accomplish the unrealistic- even the unthinkable.4. Donââ¬â¢t pick based on numbers.So many people are picking careers these days based on average salaries or other employment statistics. Pick what you enjoy doing and strive to work really hard at it. You can make a good living doing almost anything if you seek to work with the top people in the field and match their pace. Picking a boring job you hate just because the numbers say itââ¬â¢s steady? Thatââ¬â¢s a sure path to burnout or boredom.5. Let your passion develop.Doing what you like doing isnââ¬â¢t the same as slavishly following your passion only. Remember that some of the hardest-core passions develop over time. You could choose a smart career path that you like well enough, but which suits your particular skills and talents, your passion might just grow organically into something that will really set you up.6. Create a position.If your dream job isnââ¬â¢t open- or doesnââ¬â¢t exist- do some homework. Study your industry, research companies youââ¬â¢d like to work for, find your niche and then start pitching yourself. If you can solve a companyââ¬â¢s biggest challenges or can figure out a way to show them youââ¬â¢d be indispensable, then youââ¬â¢re well on your way.7. Sta rt at the top.If you just keep sending your resume among the thousands to HR, it might take you ages to get hired. Try getting your materials in the hands of the higher-ups first. Use your network. Call in favors. Be tactful, but get yourself heard by the people who matter most at a company. When in doubt, work the decision-makerââ¬â¢s personal or administrative assistant. Build a relationship there and youââ¬â¢ll find you have a powerful ally.8. Think five years in the future.Donââ¬â¢t just apply to every job that seems like you would like it now. Research the company, ask a few questions, and get a sense of what itââ¬â¢s like to work there. Then think yourself five years into the future. What would you actually be doing at this company or in this field, once youââ¬â¢ve worked up from entry-level? Make decisions based on that five year plan, rather than the any-job-will-do-right-now plan.9. Your boss mattersIt doesnââ¬â¢t matter how great the company is. Your work experience will be dominated by who your boss is. Finding a good mentor you respect is crucial. Pick someone you can learn from, and whose inner circle you would like to aim for.10. You need more than hard skillsWhat gets you a job right out of college, or fresh in a new field, wonââ¬â¢t get you promoted to the next level. Youââ¬â¢ll need to become savvy at working office politics, at listening, at reading body language, at being an essential team member. Youââ¬â¢ll always need to keep your technical skills sharp, but these soft skills are the things that are going to take you furthest in your career.
Saturday, November 23, 2019
Lord of the Flies Book Review
Lord of the Flies Book Review Lord of the Flies Book Review Lord of the Flies Book Review If you are looking for the free Lord of the Flies book review, you have found it. The following essay is short but comprehensive. If you are in need of individual book review writing help, do not hesitate to try our professional book review writing service. We are ready to help you with writing review on any book and within any deadline! Our prices are moderate and we guarantee authentic writing. You may also review tips on how to write a book report as well as article on writing a critique: Lord of the Flies Book Review Free Sample Lord of the Flies is more than an adventure story or allegory because of this very insistence upon "odd" objects. By placing his boys upon a mysterious island where is it? Golding forces them to explore the landscape. Earth, air, fire, water these shape and hold the meanings of existence. The four elements the four boys. How convenient it would be if Golding were to equate them! Piggy and fire? Jack and earth? Simon and air? Ralph and water? But we feel cheated. There is no one element for each boy because Golding realizes that even "primitive life" remains mysterious. There is no doubt, however, that just as the Elizabethans employed the four humours based on the four elements he associates personality and element. This association is more lasting than the incantation of old names. The four boys constantly touch the elements, whether or not they realize they do. Because they are bound to different elements (in different combinations) they battle one another. And they torment themselves in their desire to rule (or be ruled by) only one element. Throughout the novel Golding refers to the illusive quality of the island. Simon, for example, sees "a pearly stillness, so that what was real seemed illusive and without definition." Piggy peers "anxiously into the luminous veil that hung between him and the world." Jack peers "into what to him was almost complete darkness" when he first arrives on the beach. Because the elements are shadowy and ambiguous (and threatening?), they defy the vision of all the boys, including Simon and Piggy. Thus we have a completely ironic situation. The boys are forced to return to the elements to exist "originally" but they are so deceived by magical qualities that they cannot clearly judge their experience. Although many critics have complained about the gimmick at the end of the novel the boys are saved; the officer doesn't "understand" the violence which has occurred it is justified because it is another "appearance." The officer allows his "eyes to rest on the trim cruiser in the distance," but we doubt that he can see it or the water with full knowledge. Lord of the Flies is therefore a novel of faulty vision. Can the boys ever see the elements? Are the elements really there? Is a marriage between elements and consciousness possible? The novel is not about Evil, Innocence, or Free Will; it goes beyond (or under) these abstractions by questioning the very ability to formulate them. If you are looking for tips on writing Jane Eyre essay or Great Expectations essay, you will definitely find great tips on our blog! Lord of the Flies Book Review Custom Writing The above book review is free and can be easily accessed by thousands of students. If you are looking for individual help with writing your book review, if you want to get an original book review written especially for you, do not hesitate to order custom book review writing service at our site. We do not make false promises and we follow all instruction points. Our writers are native English speakers. Interesting posts: Papers Psychology Research Paper Proposal Research Help Writing a Research Paper Critical Analysis of a Research Paper Argumentative Research Paper Topics
Thursday, November 21, 2019
A problem of statement in Science Education Research Paper
A problem of statement in Science Education - Research Paper Example Several researches about the RET programs have indicated variations in changes and drastic improvement concerning the teachers that, a lot of research skills and teaching based practices can be adopted through inquiry based processes. For this reason, there is a bit of conformity that, RET are good for the instructors as it expands the mind during study and equips the teachers with adequate knowledge on how to carry out research (Sarah &Wise, 2003). It has been realized that the adaptation of Next Generation Science Standards (NGSS) within the teaching fraternity as one of the major elements in RET has replaced the test. This method has for decades entrenched science education, which could not give relevant effects about the students understanding. The NGSS practices has been proven best to the educators and the students since it enhances learning through students engagements as such, enabling them to explore actively the science that was meant to have been learnt in class together w ith the actual engineering practices (NGSS Lead States, 2013). Most of the findings argue that, science teachersââ¬â¢ require comprehensive assessment to determine how best they have embraced research as an important role in adding the teaching practices. This is because most teachers are conversant with class tests as in contrasts to research practices which are perceived to expose many skills needed during actual professional exploration (Goreham, 2010). Research experience for teachers mainly focuses on instructive issues that may affect teaching of sciences and how to deliver learning of science at all levels of teaching and this would in turn helps in the professional development of teaching skills to the instructors. Through the involvement of quite a number research, discussion groups and may be seminars, teachers are able to get the best strategies and adequate resources which they further implement in classrooms. According to National Science Education Standards (NRC, 20 00), the effect of RET practices amongst the teachers has not been explored to its best therefore, this research is meant find in-depth analysis on how positively this can be implemented in other areas where the effect has no so much been felt (Russell, 2006). II. Background on RET programs Research Experiences for Teachers (RET) has stirred up professional development amongst the teachers and the students themselves, this grate importance of significant effect has improved the teaching moderation and learning in classroom. Several researches have indicated how teachers gain a lot of confidence after conducting numerous researches. With respect to this, they view themselves as learners and this further enhances the development of closer ties with their students and the colleagues at work (Cahn, 2008). RET programs vary considerably depending on the specialization of the teachers. For instance, some teachers may develop journals concerning the experiences they have achieved after fie ldwork observations to be used for later discussions in the classes. In this case, the records can be used to redefine the mentality of an instructor on how the programs are delivered. Moreover, other research methods such as discussions, observations and interviews are targeted at
Tuesday, November 19, 2019
Fundamentals of International Business Essay Example | Topics and Well Written Essays - 500 words
Fundamentals of International Business - Essay Example After more than 10 years in operation, NAFTA certainly has resulted in major changes in the trade and overall economic system, but the overall impact, whether positive or negative, needs to be evaluated in a perspective that is broader than the immediate repercussions. NAFTA was created to ease trade restrictions and tariffs among its three member nations. However, a number of economists and politicians think that the trade agreement resulted in an economic downturn in the United States. In a report for the Economic Policy Institute (EPI), for instance, Scott (2003) stated that there have been false promises on the part of NAFTA with regards to improvements in the economy. This is because the agreement caused an imbalance in the trade system, resulting in job losses, company closures and a shift of investments to Mexico, which offered lower capital outlays and better profitability. Most of the jobs lost were in the manufacturing sector, as more factories were transferred to Mexico for cost-efficiency purposes. The EPI evaluation showed that the number of jobs lost, predominantly in the motor vehicle, textile and apparel, and computer and electrical appliance industries, greatly outnumber the jobs created as a result of NAFTA (Scott, 2003). While Mexico benefited much from the NAFTA deal, other exporters such as those in the Caribbean region suffered, as it became more difficult for them to compete with Mexican
Sunday, November 17, 2019
The sum of all fears Essay Example for Free
The sum of all fears Essay Fear is an emotion that is embedded with in all of us. No one knows the essence of fear, it is what it isintangible. The strongest of men fall to the mercy of fear, consuming the mind, and blocking all rational judgment. Fear lies unawakened in the dark recesses of the soul, only to be awoke by the treacheries of the unknown. Fear manifests itself in many ways, the most common way however, is anger, and I know this manifestation all to well. Anger controls a large portion of my life, I am never alone. I know that anger originates from fear, yet I simply cannot pinpoint the essence of my evil demon, nor the channel of which it comes. All that I can recall, is that it is never ending, a vicious form of hell that is all knowing, and all seeing. Perhaps the reason why I have anger soaring through my body, tearing at my muscles, and throbbing in my mind, is the obvious fact that I have failed to become acquainted with myself, resulting in fear, because if I dont know myself, who does? Ive been known to snap at others, even those closest to me, and for no apparent reason. Yet I know this, fear is some how a way of life, an inevitable feeling that takes control of mind and body, and abandons you when you need it most. For I have come to thrive off of this feeling of hatred for my fellow man, it is possibly what keeps me ready, anticipating the next move of all men and creatures has a certain thrill that you simply cannot imitate, or find anywhere else. As all know, everything has a side kick, Bat man has Robin, the Green Hornet has Kato, and fear has pain. Pain is fears ugly cousin, only rearing its face when fear is at its greatest peak. You know that you should fear when pain becomes pleasure, and fear has already become instinct. Pain is unforgiving, always leaving a sign that it was once there, even if only an emotional wound. I have come to know pain very well, I have had to live with this virus, as we all have, throughout my ________ years of life. No matter how much time passes the pain is relentless, clawing at my soul, and what little confidence I have left. I fear that this is what will be the end of my being, pain, the structure less form. In conclusion, fear and pain are one in the same. Never ending, nor caring who or what it strikes down. The key, I think, is acceptancelearn to accept that fear is inevitable, and pain comes bearing no gifts. So live your life on your own terms, if you dont, fear will live it for you.
Thursday, November 14, 2019
Phillippe Jaques :: History
Phillippe Jaques When people hear the name Louis Riel, some fill up with anger, others fill up with a thankful sense of happiness, like me and my grandfather for example. Louis was Metis, this was the product of a Voyageur and Indian women having a child. The Metis were famed for their hunting and tracking abilities and were often employed individuals or groups as guides or interpreters. Their farming tradition had its roots in the Red River settlement of Manitoba. Following the massive exodus into Sasketchewan, the Metis again established farms and homesteads. The difficulties encountered by the Metis in gaining clear entitlement to their land and the intervention of land speculators when scrip was issued caused most Metis to lose possession of their farms. "York" boats played a major role in the fur trade industry as they replaced freight canoes on the main water systems of Canada in the late 19th century. They had a larger carrying capacity and required fewer men to operate them. This enabled furs to be transported faster and more economically than by canoe. It took eighteen men to run the York boats: a helmsman to give the orders for rowing, a man to steer and sixteen men to pull the oars. Sails were often used to catch favourable winds. The inland sailors who manned these boats were predominently the Metis men who worked for the fur companies. The The Voyageurs wanted to remain friends with these they married the Indian women. He was a man who stuck up for the rights of his people, such as my grandfather. In this essay I will tell you how Louis Riel contributed to the Confederation within the years 1869-1885, and how it affected my life. I was born on a very cold night on November 16, 1867. I grew up in a very poor family, we barley had enough food for my four other brothers and sisters, and my grandmother. We had to take my grandmother in our home because my grandfather, at the time had to fight with the other metis people to try to get us some reasonable rights. My grandfather, Phillippe Jaques, looked up to, and respected Louis Reil greatly, that's why Phillippe went through this journey with Louis. The reason that Phillippe respected Louis so much was because Louis Reil stood up for everything that he belived in. In 1821 the Hudson Bay company had created a union with the first nations people.
Tuesday, November 12, 2019
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 companyââ¬â¢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 firmââ¬â¢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 divisionââ¬â¢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 companyââ¬â¢s projects the assistant of the vice president suggested an inclusion of different levels of risk within every divisionââ¬â¢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 divisionââ¬â¢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 divisionââ¬â¢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 ââ¬Å"as-ifâ⬠-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 divisionsââ¬â¢ 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 ââ¬â 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 companyââ¬â¢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 ââ¬â 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 projectââ¬â¢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 Randolphââ¬â¢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 divisionââ¬â¢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 managerââ¬â¢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.
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