Myths Are Stories That Express Meaning, Morality Or...

â€Å"Myths are stories that express meaning, morality or motivation. Whether they are true or not is irrelevant.† This was quoted by writer Michael Shermer, and it still holds today. This quote displays that myths have the power to take the reader away from reality and launch them into a world of mystery and phenomena. Also, even if myths have different stories and different characters, they all in some way portray regular societal values. For example, â€Å"The Fisherman and The Jinnee†, â€Å"Sifrit†, and â€Å"Song of Roland† all tell divergent stories with very diverse characters. But by the end, they all portray the values of righteousness and how one man, or hero can rescue an entire society. â€Å"A myth is an image of terms in which we try to make†¦show more content†¦They eventually race in the woods to get drinks and when it is not suspicious, Hagen stabs Sifrit in the weak spot with a lance. Gunther kills Hagen immediately after. Once Chriemhilde hears of what happened, she begins to kill most of those who were involved with his murder. However, she eventually gets killed by the Huns. In Roland, the main hero Rollanz is a powerful, courageous, and determined hero who is protected by ruler Charlemagne. In the 7 year war, he had to influence an army through an ambush by himself. As the warrior he is, he fights the battle rather than calling in reinforcements. However, this lead to the tragic death of his comrade Olivier, and most of his soldiers. Towards the end, he blew the oil paint which hollered for help to aid the rest of his people. This decision lead to his death, which makes him a martyr. Roland is similar to the myths of Sundiata and Fisherman and the Jinnee because of their actions and decision making made them heroes in their respective myths. Each of these myths have a hero either protecting their loved ones, or saving their loved ones from danger. In Sundiata, the griot is illustrated as brave, due to his willingness to slay enemies left and right, while disregarding his own safety in battle, much like Rollanz. However, in the Fisherman and the Jinnee, the main fisherman does not use violence but instead he uses his genius intellect to take himself out of tough situations. This shows that theseShow MoreRelatedHistory of Theatre Lesson Notes Essay5401 Words   |  22 Pages20th centuries that envisions theatre as emerging out of myth and ritual (society becomes aware of forces that appear to influence or control its food supply and well-being, connection between actions performed by group and results it desires leads to repeat/refine/formalizing those actions into rituals, stories/myths grow up around a ritual, performers dress up, act out the myths. (more info pg 2). Storytelling-relating and listening to stories are seen as fundamental human pleasures (pantomime/impersonation/eachRead MoreAlienation Effect in Brechts a Good Woman of Setzuan3408 Words   |  14 Pagesdirectly to the audience, as in epic poems such as Homer’s Odyssey so he called his style epic theatre. Epic theatre was also known as Theatre of Commitment, Theatre of Social Action, and Theatre of Social Conviction. Willet states that the basic meaning of epic in Brecht’s use of the term is â€Å"a sequence of incidents or events, narrated without artificial restrictions as to time, place or relevance to a formal plot† (169). His idea of epic is informed by the ideas of Goethe and Schiller regardingRead MoreEssay on Abstinence and Orgy in Measure for Measure2586 Words   |  11 Pagesto assay the entire world of Vienna (Charlton 249)—is leavened and prepared (1.1.51). We discover in I.3 the nature of this preparation as Vincentio explains his actions to Friar Thomas, revealing a character weakness and a strange motivation in appointing Angelo. After the friar, God’s proxy, rebukes Vincentio for the timidity of disciplining a populace by proxy, the Duke admits his laxity of fourteen years—but declares that he will observe his proxy Angelo from the vantage of religiousRead MoreSymbolic Meaning of the Land in Gone with the Wind6993 Words   |  28 PagesSymbolic Meaning on the Land in Gone with the Wind Abstract: The study of Gone with the Wind has mainly concerned with such aspects as the historical background of the American Civil War, the relationship between slave owners and slaves, Scarletts remarkable personality, and the conflicts between north and south cultures. Many more people read it as a love story. This thesis aims at analyzing the symbolic meaning of the land in this masterpiece to interpret this novel better. With applicationRead MoreThe Sonnet Form: William Shakespeare6305 Words   |  26 PagesNightingale†: â€Å"Thy plaintive anthem fades / Past the near meadows, over the still stream.† Repetition: Words, sounds, phrases, lines, or elements of syntax may repeat within a poem. Sometimes, repetition can enhance an element of meaning, but at other times it can dilute or dissipate meaning. * Alliteration: The repetition of sounds in initial stressed syllables (see Figures of Speech, above). * Assonance: The repetition of vowel sounds (see Figures of Speech, above). * Refrain: A phrase or groupRead MoreThe Works of James Dickey and John Ciardi2949 Words   |  12 Pagesthemselves. It has been postulated that poets such as Ciardi have been damaged psychologically by what they have seen and felt. In his case much of the evidence for this lies in his abandonment of his war diary, leaving it unfinished. Readers derive meaning from the unwritten words and see it as evidence of the concept that war is an exclusive experience, only comprehensible by those that have participated in combat. If one is to accept such a statement, one is likely to discover difficulty in the warRead MoreTennyson as a Victorian Poet2765 Words   |  12 PagesLight Brigade† (1854) described a disastrous battle in the Crimean War and praised the heroism of the British soldiers there. In 1859, Tennyson published the first four Idylls of the King, a group of twelve blank-verse narrative poems tracing the story of the legendary King Arthur and the Knights of the Round T able. This collection, dedicated to Prince Albert, enjoyed much popularity among the royal family, who saw Arthurs lengthy reign as a representation of Queen Victorias 64-year rule (1837-1901)Read MoreLet Majorship English4572 Words   |  19 Pagespower of imagination 2. What feeling is expressed in this line â€Å"My heart leaps up when I behold a rainbow in the sky†? A. Surprise C. Fear B. Happiness D. Anger 3. What is Chekhov’s most recognizable achievement in his short stories? A. His cryptic use of symbolism B. His attention to the inner lives of his characters C. His references to biblical scriptures D. His use of allegory 4. In the Iliad, whose death brought Achilles much sorrow and grief? A. PatroclusRead MoreKhasak14018 Words   |  57 PagesMonday, 26 October 2009 Preface This dissertation titled ART AS A RENDEZVOUS OF MYTH AND MIND: A PSYCHOANALYTIC AND MYTHOLOGICAL ANALYSIS OF O V VIJAYAN’S THE LEGENDS OF KHASAK explores how the judicious selection and use of literary theory can account for the universal appeal of The Legends of Khasak, a belated self translated rendering of a famous regional work in Malayalam, Khasakkinte Ithihasam authored by the eminent writer O V Vijayan, and thus assert its artistic value. Divided into fourRead MoreSpiritual Formation Across the Lifespan Essay7723 Words   |  31 Pagesclaims that Christians are ‘meaning makers,’ taking â€Å"the raw material of lived experience—the gladness and the sorrows—and trying to seek the deeper meaning, see the larger picture, understand the levels and layers of life in all its fullness and intensity. We live, and then in faith we try to discover meaning† (p. 2). Spiritual deepening, or development then, is about becoming more consciously aware —being attentive, staying alert, and paying attention to life as we seek meaning. The Council on Social

Essay on Social Cliques in The Breakfast Club by Eric Berne

Social Cliques in The Breakfast Club by Eric Berne â€Å"Jock†, â€Å"prep†, â€Å"gangster†, â€Å"loser†, â€Å"geek†, â€Å"criminal†, â€Å" popular†, are just a few labels of teenagers that are used everyday by outsiders who judge them without looking skin deep. In the matter of stereotyping, some may perceive it as being the base of an identity in the view of society. Eric Berne, an author and psychologist, wrote an article, â€Å"Can People Be Judged by Their Appearance?†, where stereotyping is categorized and used as a positive view. As opposed to the film The Breakfast Club, written by John Hughes, that creates a more negative input on stereotyping. Berne’s uses a theory of basic human types as an example of a scientific subject made for nonscientists, where in†¦show more content†¦In his article â€Å"Can People Be Judged by Their Appearance?† Berne classifies three different types of â€Å"morphs,† that describe ones body build, whether a n endomorph, (inside,) a mesomorph (middle,) or an ectomorph (outside,) which portrays individuals in a descriptive â€Å"type† of person they are. Berne presents a Viscerotonic Endomorph, which describes a rather short, thick, smooth, bald, easy going man, who for enjoyment attends banquets, takes baths, and sleeps. The Somatotonic Mesomorph is described as being a muscular, rugged, tan, firm, adventurous man, who for enjoyment loves to exercise and master those around him for a good time. Lastly the Cerebrotonic Ectomorph, a man who is a long, thin, pale, dry, absent minded man, who doesn’t fancy moving around much and would rather sit quietly by themselves and keep out of difficulties. Berne reflects these special cases not as being something to judge or discriminate another human by, but uses them as an advocate to the human mind if encountering a struggle within itself or the world surrounding it, partially determined by the category their characteristics label them as. The article puts readers in a position of analyzing themselves and realizing how others may perceive them to be in society, as well as contributes

Contract Law Doctrine of Consideration

Question: Discuss about the Contract Law for Doctrine of Consideration. Answer: Introduction: A lawfully binding exchange of promises from one person to another has been defined as a contract which would be enforced by the law. Also, contract law has been observed to be founded on the phrase pacta sunt servanda. It specifically means that promises must be kept. But in order to create a valid contract there have to be four main essentials that must be present which includes an offer, acceptance, consideration, intention to create lawful relations and capacity.[1] If any one of the above mentioned essentials would not be present then a valid contract could not be formed. So, it has been clearly stated that consideration has been one of the most significant constituent of a lawful agreement. In creating a valid contract the first step was to make an offer which must be made by one person to another. Acceptance would be regarded as when the individual who receives the proposal accepts the terms of the offer which was made. Consideration has been regarded as same as the intention to create lawful relations.[2] Agreements which do not include a price which has to be paid for the promises were unenforceable if not they have been carried out by a legal document under seal. The elements of Intention to make lawful relationships have been descriptive constituents of a contract. The final element of a valid agreement was the capacity of the parties. It was whether an individual has the freedom to enter into an agreement or not. The below mentioned essay would spotlight on the constituents of a price in an agreement and more particularly it would dispute that price must be sufficient but need not to be adequate. Not every promise which was made would be enforceable in law by the tribunals, as doing so would be specifically being impractical. As it has been observed clearly that a promise which would be backed up by consideration would grant a reason for enforcement. It has been clearly observed that the Doctrine of Consideration has been one of the five major indispensable ingredients of a valid agreement. In an agreement, if consideration would not be instituted as a part of an agreement then it would determine whether it was enforceable or not unless it was integrated into a deed under a seal. Consideration has been defined as the price that was asked by the person who made an offer in exchange for their promise. As per the requirement of common law, in order to make a contract to be binding the person to whom the promise was made must grant a price for the promise. Consideration has been regarded as prone to much condemnation as it was stated to have a very slight extent as a meaning with a number of suggestions stating that the slightness of the doctrine displays was is now more about refuting the lawful effect in most of the promises.[3] The thoughts behind this disparagement were that a number of tribunals bring consideration into the matters without thinking twice and utilize it as a tool to direct their verdicts. This then show the way to it which was open to many more possibilities. As in the case of Williams v Roffey Bros Nicholls (Contractors) Ltd [1989] EWCA Civ 5[4], it was stated that a practical assistance attained by an individual could be calculated as a sufficient consideration. This would then lead to unauthorized assertions as never before which states that such consideration has been brought into a case containing a pre-existing contract. In the case of Currie v Misa (1875) LR 10 Ex 153[5], it has been concluded that consideration could be defined as some privilege, interest, profit accrued to an individual who was the party or some loss or harm undertaken by another. So, in order to rotate an otherwise unenforceable promise which was made by an individual into a lawfully binding contract a person to whom such promise was made must in return grant to the person who initiated a promise a price.[6] The meaning of what comprise of a price which was paid for such promise was distinctively found in the matter of Dunlop v Selfridge [1915] AC 847[7]. In this case it was concluded that price i.e. something of value could be defined as an act of tolerance of the guarantee. So, it was defined as the value for which such guarantee of the other was bought, and the promise thus would grant for worth would be enforceable. There was numerous numbers of rules which were made in regard to the procedure of consideration that could also be found in the matter of: Tweddle v Atkinson (1861) 121 ER 762[8] as in this case it was stated that the price paid for a promise must be send from a person who accepted the offer; or In Re McArdle [1951] Ch 669[9], where it was held that the price paid must not be paid in past; In Thomas v Thomas (1842) 2 QB 851[10] it was concluded that such consideration must be sufficient, but require not be adequate but must have something of value. This value which was paid for the promise should be more than merely financial. In the matter of Ward v Byham [1956] 1 WLR 496[11] promises which were made to take care for an individual have been concluded to be sufficient. But at first instance, it seems that the rule of consideration is anything wrong with terms. For most non-specialists "sufficient" means the same as "adequate." However, the rule makes sense, because it means that although consideration should be sufficient to maintain the contract (i.e. it must have some value in terms of law), it may not necessarily be appropriate in the sense to be of the same value as and consideration other.[12] In order to consider that the price paid for the promise was valid it could be done so by stating that such price need not to be adequate but must be sufficient. This statement could be meant that the price does not have to reveal the value of the promise to be adequate. But at the same time such promise must be lawfully sufficient that means to say that it must be somewhat that the law gazes at as been competent of concluding to a valid price.[13] This has been a controversial problem as many feel that it has been an inequitable method of shaping a verdict but such decision which was brought to limelight in the matter of Chappell v. Nestle [1960] AC 87[14]. In this case it was clearly concluded by the majority of the judges that the wrappers of the chocolate were considered as a element of price even though they were of small monetary price which was frightened away by the respondents on delivery.[15] In another case of Thomas v Thomas (1842), 2 QB 851[16] it was held that the motive of the husband was the only reason for the contract and a reason could not amount to price. Though, the promise which was made by the applicant to pay 1 and keep the house in good way was considered to be a sufficient consideration. Although it has been observed that the terms Adequacy and sufficiency in the common language have similar meaning as they were considered to be synonyms to each other. Though under law adequacy have been described to be such situations where the money which an individual has paid for something was inconsistent with the cost of what an individual obtains in return. It was the only privilege that the tribunals do not take into account whether an agreement which was initiated contains adequate consideration, as it would be unfeasible and away from the means of the tribunal to ascertain. Consequently, a person must fix a price for all of the goods and services that were enclosed in the agreements which were put forward before the tribunal. In a Canadian case of Zecevic v The Russian Orthodox Christ the Saviour Cathedral [1988]O.J. No. 1282[17], it was held that there was no intention to create legal relations from both the individuals who were the parties to the contract. Also, there had been no payment of money which was promised which clearly implies that there had been an inadequate consideration in the contract. So, it could be stated that for a consideration to be measured as satisfactory enough to sustain a easy agreement under law it must be have certain monetary worth. In addition to the fact that it must contain a monetary value, such price must also be of such a type which was recognized by law as lawful. On the other hand, there have been a number of examples that were measured to be insufficient consideration in the eyes of the lawful authorities such as natural love and affection, moral obligation and prayers were but to name a few. For instance, where an individual makes a guarantee to do something, which, they were previously bound by law to do it then this does not amount to satisfactory price in the construction of an agreement. This would merely be recurring as a duty which the person to whom such offer was made was already compelled to do so in other they were promising to do nothing at all. It was then the law stated and founded price to be an deficient consideration if the applicant carries out an obligation which he already owed.[18] There have been two main forms of considerations which could be considered as insufficient such as: Past consideration: It has been regarded as something which was granted unreasonably or in connection to other as it would not be regarded as a ground which would be sufficient in relation to a new promise. In the case of Stewart v Casey [1892] 1 Ch. 104[19] it has been stated that an exception to the past consideration rule subsists in connection to promises which were made to pay for services. It has also been stated that where it would be implied that the performance of services would be paid for then the performance of those services would be a good consideration.[20] Existing of Lawful duties: This rule was most likely to take place where the contractual duties were varied or An innovative agreement was completed and an innovative agreement was substituted by replacing it. Also for the above declarations which were made in relation to the rules of consideration in persistence to the fact that there were certain exceptions to the instance which was granted in relation to past consideration. But in order to create simplicity and lucidity, there has exceptions to the rules of consideration which were defined above. With regards to the doctrine of price i.e. consideration its exception was that of the person who made an offer who had formerly asked the other individual to grant goods or services. In the case of Lampleigh v Braithwait [1615] EWHC KB J 17[21] it was stated that a promise which was made after providing them would be treated as a legit. Though if it was known to be a trade deal then it must exhibit and perform in an unmistakable manner. In another matter of Re Caseys Patent [1892] 1 Ch. 104[22] it was upheld that the payment of price must ensue for the good and services which were to be provided as it would then also be measured to be obligatory. It has been the principle of promissory estoppels which was regarded as an impartial remedy that permits an individual from not turning back on a promise which was not sustained by the price paid under a contract. Estoppels could act as a guard but not as a weapon in relation to the point of consideration. So, it was simply about fairness to the other side of which may the person who made a offer could get benefit and so that the person to whom such promise was made does not violate the contract. It was in the case of Hughes v Metropolitan Railway (1876-77) LR 2 App Cas 439[23] that the doctrine of consideration was established. But at the same time it was this doctrine of Consideration only which drew divergence of view as a doctrine such as the attack which was made by Lord Mansfield on consideration for not recognizing it as part of contract law. In another matter of Tool Metal Manufacturing v Tungsten [1955] 1 WLR 761[24], that the modern version was enhanced by the court by confirming that the doctrine of promissory estoppel exists in contract law. In Waltons v Maher [1988] HCA 7[25] it was concluded that where the development of the Doctrine of Promissory Estoppels, under which a promise that has been dependent upon to the detriment of the other person may be imposed by that other in spite of the fact that there was a lack of consideration. Also, as a general rule of the part payment of a balance which was due was not a good consideration for the promise of the creditors to relinquish the balance. In the payment of a part of the balance which was due which was owed the person to whom an offer was made was observed to be doing a work which was no more than performing an existing contractual obligation which he owed. Similarly, a promise which was made in relation to pay a part of a balance due could not represent price for a promise of the creditor in order to relinquish the balance. It was usually referred to as the rule in Pinnels case. In the case of Penny v Cole which was known as the Pinnel's Case [1602] 5 Co. Rep. 117a[26] it was stated that if a sum of money was owing to a creditor by a balance which was due or. And all those individuals enter into an ensuing contract that concluded that the creditor would accept a smaller sum in fulfillment of the entire amount. But the later sum of the contract would usually not be obligatory as the arrears which was due or has not granted price for the promise of the creditor in order to relinquish the balance which was due. Consequently, even if the balance which was due or acts on this contract by paying the smaller amount which was decided and the sum was established by the creditor which he would usually be able to take legal action against the balance which was due or for the arrears. At last, in order to conclude the essay it could be stated that it has been of fundamental importance that consideration has been considered as required in the construction of agreements to make sure those only stringent contracts would be measured to be agreements and individuals would only enter into them deliberately. Also, it has been unreasonable for the tribunals to place a value on goods and services so consideration need not be satisfactory and it should be up to the individuals in an agreement to choose what charge them aspiration to put on goods or services. At last, the tribunals must only permit contracts that enclose price that has a monetary value to be an agreement. As it has revealed in cases, like Zecevic v The Russian Orthodox Christ the Saviour Cathedral [1988]O.J. No. 1282[27], that those contracts where price includes no monetary worth then it was unfeasible to put a worth on the promise made and thus becomes almost impracticable to control under law. References Ewan McKendrick and Qiao Liu, Contract Law: Australian Edition, (Palgrave Macmillan, 2015). W. Ryan, Equity And The Doctrine Of Consideration, The Adelaide Law Review. Chappell v. Nestle [1960] AC 87. Cuurrie v Misa (1875) LR 10 Ex 153. Dunlop v Selfridge [1915] AC 847. Hughes v Metropolitan Railway (1876-77) LR 2 App Cas 439. Lampleigh v Braithwait [1615] EWHC KB J 17. Pinnel's Case [1602] 5 Co. Rep. 117a. Re Caseys Patent [1892] 1 Ch. 104. Re McArdle [1951] Ch 669. Stewart v Casey [1892] 1 Ch. 104. Thomas v Thomas (1842) 2 QB 851. Thomas v Thomas (1842), 2 QB 851. Tool Metal Manufacturing v Tungsten [1955] 1 WLR 761. Tweddle v Atkinson (1861) 121 ER 762. Waltons v Maher [1988] HCA 7. Ward v Byham [1956] 1 WLR 496. Williams v Roffey Bros Nicholls (Contractors) Ltd [1989] EWCA Civ 5.

Zapatista Movement Essay Example

Zapatista Movement Essay On the 1st day of January of 1994, Chiapas, a state in Mexico that is considered one of its poorest territories has bore the up to now existing ‘Zapatista Army of National Liberation’ (Ejà ©rcito Zapatista de Liberacià ³n Nacional, EZLN). It is an armed movement that has been asserting war in opposition to the Mexican state (Herna ´ndez, 2001). This revolutionary troupe addresses themselves as Zapatistas in honor of one of its prominent leaders in the Liberation of the South during the Mexican Revolution, Emiliano Zapata. At present this association is directed by their spokesperson Subcomandante Marcos (Herna ´ndez, 2001). The EZLN aims to instigate revolution and declare autonomy to the entire Mexican state, however this objective barely happened. As a result to its relentless failure, they have decided to use their protest on the signing of NAFTA (North American Free Trade Agreement) as a means for their mutiny to be recognized globally (El Kilombo Intergalà ¡ctico, 2008). According to them, the approval of NAFTA would only widen the gap between the rich people and the unfortunate ones of Chiapas. The movement moreover demands autonomy in their resources, giving them what they are supposed to get and having them benefit more from these assets. This group also seeks to establish a socialist government which would give high regards to individual rights, freedom and equality by eliminating property privacy and eradicating any oppression under the administration (Herna ´ndez, 2001).   And with this, the faction formed by this revolutionist came to be known all over the world. Internet and mainstream media such as communiquà ©s and articles concerning the Zapatistas’ existence began to take its distinction all over the globe (Gonzales 2005). Up to this time, this group had made drastic progress in its preeminence, carrying on what they had started with a descent flow. We will write a custom essay sample on Zapatista Movement specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Zapatista Movement specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Zapatista Movement specifically for you FOR ONLY $16.38 $13.9/page Hire Writer I take in position that the Zapatista movement is indeed enduring and the success of it is still yet to be determined. This paper will discuss three arguments in which one will prove the faction’s stability at present. III.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Literature Review School of Thought 1: The Zapatista Movement with Sub-Comandante Marcos at its head was successful in achieving their goals. The EZLN gave birth to pristine fundaments of democracy that once constructed a national movement drastically challenging the global capitalist agenda under the control of Subcommander Marcos (EZLN, 1993). Despite 10 struggling years of preparation for jungle guerrilla warfare and following a 12-day conflict in the onset of year 1994, the Zapatistas were able to revolutionize from an ‘army liberation’ into a ‘civil society’, facilitating mobilization among masses (Harvey, 1998). Through the years, the Zapatistas were able to maintain a stable path of analysis concerning global capitalism and plans for struggle. Consequently, after a decade of battles and global formation, the Zapatistas in 2005 published the Sixth Declaration of the Lacandon Jungle (EZLN, 1993). The Sixth Declaration as stated by Marcos â€Å"announced their desire and intent to organize with other sectors of national and international society, creating a united, explicitly anti-capitalist front of all those ‘below and to the left;’ there would be no more dialogue with those ‘above’, with any political party or state official† (EZLN, 1993). The EZLN as it is known was the first and only post-modern revolutionary movement that achieved success. With the use of internet and other types of media broadcasts, they were able to create a communication infrastructure as a means to reach wider audiences in mobilizing outward foundation for the movement (Gonzales 2005). Various websites were upheld by their dedicated supporters from other countries such as published news updates, Zapatista communiquà ©s and information on events with reference to solidarity (Gonzales 2005). More importantly, these media helped them to expose periods of repression taking place within the Zapatista community. Moreover, the utilization of these methods has attracted the public to boast their own personal opinions. The Zapatista network has also able to further engage in affective political information to reach indigenous communities, organizations of environmental and human rights as well as activists (Gonzales 2005). In accordance with the NAFTA which became a means for the Zapatistas to manifest themselves were three people who took hostility with this agreement and made the EZLN an inspiration for their masterpieces. These were the following: â€Å"Bill Weinberg: investigative journalist and editor of the on-line weekly World War 3 Report who reaped awards. His works includes ‘Homage to Chiapas: The New Indigenous Struggles in Mexico’ and ‘War on the Land: Ecology and Politics in Central America’† (El Kilombo Intergalà ¡ctico, 2008). â€Å"Franc Contreras: A reporter from Mexico City since 1996. He covers Mexico, Central and South America for Public Radio International and daily news broadcast, The World â€Å"(El Kilombo Intergalà ¡ctico, 2008). â€Å"Peter Brown: known as Pedro Caf in the Chiapas Highlands. Schools for Chiapas program director; he raised money and built a school for Zapatista children in one of the autonomous communities but was arrested, deported, and banned for life after the deed†(El Kilombo Intergalà ¡ctico, 2008). School of Thought 2: The Zapatista Movement was unsuccessful in achieving their goals and has since drifted into the shadows. The Zapatistas had become unsuccessful in achieving their aim to gain autonomy and independence. During the 1994 uprising of the EZLN, they were unable to achieve success with the use of arms and ammunitions. So they had thought of ways in order to effectively execute their objective and that is to use networking, to be able to reach wider range of supporters. One immediate failure encountered by the Zapatistas was when the government hesitated to sign the San Andres accord which emphasizes â€Å"the need for a new legislative framework to regulate the relations between indigenous peoples and the state; the right to self-determination of indigenous peoples as expressed through territorial autonomy within the national state; and the recognition of indigenous customary law† (Vogt, 1969). The proposal as settled to this result must be presented mutually to the national Congress by the participants, namely the federal government and EZLN. In the process the Zapatistas had lost hope and the government even had appeared unwilling to take approve of the said agreement. Several revisions of the accord was made during the course of its assent and efforts by the COCOPA, a political party of the Commission of the National Congress had failed to put the pieces back to its form and even peace dialogues have broken off (Vogt, 1969). The governmen t’s rejection of the agreement which it had earlier signed surprised many. They asserted that autonomy and recognition of such amendments which includes the conventional law of the indigenous people were intolerable and will only bring threat to national sovereignty (Vogt, 1969). In the last decades and up to this present time, the Zapatistas were under a most terrible assault against them. Numerous evictions were officially made by the state and federal agencies and security forces in the regions of Chiapas which includes the community in the Montes Azules (El Kilombo Intergalà ¡ctico, 2008). Inhabitants were forced to leave the zone as they were airlifted by helicopters. Men and women were put in dungeons and some pregnant women with children were stocked in warehouses without neither food nor water. Authorities from a community in Chiapas Highland called as San Andres Larrainzar, had been receiving death threats from the PRI which was the state Institutional Revolutionary Party (El Kilombo Intergalà ¡ctico, 2008). Paramilitary forces wounded and gunned several Zapatista communities in the region. They recalled a similar incident happened ten years ago wherein 45 people particularly women and children were massacred while praying in their chapel (Harvey, 1998). School of Thought 3: The Zapatista Movement is ongoing, with victories and defeats; the result of the movement is yet to be determined. The Good Government Councils of the five districts of the territories of the Zapatistas attended the ‘First Encounter Between Zapatista Peoples’ and the ‘Peoples of the World’ last December of 2006 to report certain progress in the organization of self-rule and direct democracy; community-based organization and implementing justice; and employment of autonomous institutions in health, education, and agricultural and artisan production (El Kilombo Intergalà ¡ctico, 2008). The following facts aim to evidently show what these communities have facilitated for the past years in their sense of self-governance: a)  Ã‚  Ã‚  Ã‚  Ã‚   Territory An estimated 500,000-700,000 hectares of lands, used to be in the possession and control of the ‘latifundistas’ (large landowners, like plantation owners) were took for recovery when the 1994 uprising and procuring of the seven seats of municipal took place (Herna ´ndez, 2001). Only a small part of this land was owned by the Zapatistas and for the indigenous communities in Zapatista territory, this mere fraction of land was rehabilitated into communally-worked plots(El Kilombo Intergalà ¡ctico, 2008). The abuelos (grandparents/inhabitants from previous generations) described life back then as peons, in near slave-like state experiences under the control of the latifundistas. According to them the recuperation made would greatly benefit them(El Kilombo Intergalà ¡ctico, 2008). The attainment of this land as a result gave them freedom to control their own lives without the intrusion of these oppressors. Also this incident became a means for them to build a new society where there is autonomy in the systems of education, health, commerce and justice (Vogt, 1969). b)  Ã‚  Ã‚  Ã‚  Ã‚   Good Government The autonomous governing body of the Zapatistas is recognized as the ‘Good Government Council’ (JBG by its Spanish acronym) which represents each of the five regions of the Zapatista territory (EZLN, 1993).   It is a sort of revolving independent government that serves as a local justice system, a body to represent interaction with other regions and projects outside the district, a provider of financial and moral accountability for the allocation of funds and the management of communal projects, and a delegated body to fulfill the mandate of the community assemblies they have selected and accounted to (Harvey, 1998). Each zone governs its own and manages them in accordance to the preferences of their region. Moreover, community members take turns in governing with each community member managing over the funds from collections for projects and labor(Vogt, 1969). The justice system is one of the most interesting facets of having an autonomous government. With this, the i ssues, conflicts and crimes are debated and reconciled among the members of the region and forms of punishment will also be determined by them. Issues on land disputes such as defending the lands restored from the 1994 uprising were also one of the concerns of the JBG justice system (Harvey, 1998). c)  Ã‚  Ã‚  Ã‚  Ã‚   Education The trained inhabitants that are working in the education and health systems are addressed as ‘promoters’ preferably than teachers or medics to establish a good relationship with the people they teach and take care of (Harvey, 1998). According to them they empathize with the patient’s pain and they as well learn with their students not the other way alone as they become their partners in the process of learning positioning each person in the same level of authority (Harvey, 1998). Earlier existing schools that were maintained over by the teachers from the SEP (Secretary of Public Education) had become rude, unresponsive and biased among the indigenous children of the community who mostly do not speak Spanish (Harvey, 1998). The autonomous method that is being used at present is more appropriate that children are able to understand better the traditions and problems their own communities are experiencing making them aware of those (Herna ´ndez, 2001). Education for them must be treated not only as a collection of technical lessons to be memorized, but also as an integration of the experiences and learning life has made each individual live through. Thus most schools in the community spends half of their class in their rooms and the other half outside doing productive activities such as garden planting, various task or having interaction with the elders of the region (Herna ´ndez, 2001). d)  Ã‚  Ã‚  Ã‚  Ã‚   Health Systems of health care differ widely but possess same functions such as prevention of diseases or knowledge on curing and aiding oneself. Caring according to them not only borders on the prevention and the awareness on how to cure illnesses but also it is about knowing how to have concern on the thing around us like nature per se (EZLN, 1993). This realization of such makes us not only physically well but ethically well also making every citizen know how nature produces a good-living environment for us and they in turn must learn to preserve them (Vogt, 1969). The clinics are built with a combination of laboratories patterned from Western technologies. They have certain conventional remedies for minor injuries and illnesses such as herbal medicines (Harvey, 1998). Training varies from every community depending on the resources they have. Proper vaccinating, blood analysis, basic health inspections, performing minor surgeries are only some of the methods being taught to specific groups. There is also an ophthalmology center where they treat myopia, conjunctivitis and produce eyeglass lenses (Vogt, 1969). A special education on sex is also emphasized wherein midwives combine the traditional practice and modernized methods to give birth. With reference to the past services available patients have experience to be nursed but with disdain and prejudice (Herna ´ndez, 2001). Treatment are made without consultation, some babies have died of diarrhea and others of malnutrition and incurable diseases (Harvey, 1998). Because of the new approach instigated by the autonomous health systems they were able to decrease if not completely eliminate deaths among infants, properly diagnose and treat basic sickness, generate appropriate practice and awareness, and manage secured transport in crucial cases (EZLN, 1993). e)  Ã‚  Ã‚  Ã‚  Ã‚   Production There are various types of artisan collectives, garden projects, coffee cooperatives, bakeries, chicken coops and other projects which collectively provide resources that are self-sustained to minimize labor, production costs less dependence on market or intermediary cuts (Harvey, 1998). Jungle zone warehouse are one of its most distinguished project. These warehouses will greatly benefit its inhabitants by providing communities with enough storage space and accessible market centers wherein they could beat the ‘selling low and buying high’ market, avoiding drastically high transport costs that could diminish profit and also it will help them produce good-quality supplies and food for themselves (EZLN, 1993). This project had been so successful that they were able to use the earnings they have acquired to support other activities by the movement and export them to other places that likened to their own stability (Herna ´ndez, 2001). The systems practiced by these Zapatista communities are neither notional nor insignificant. It had made to impart real effects on the development of the region particularly to lives of the inhabitants (Harvey, 1998). As EZLN recently reported, starvation barely exists in the zones of the Zapatista territory, maternal and infant mortality have also dropped. Moreover, justice systems had been so powerful that even the non-Zapatista frequently opted to take their complaints on the JBG rather than bringing them to the official and municipal state courts (Herna ´ndez, 2001). Schools are open to all even the non-Zapatistas as well as clinics that will aide anyone regardless of associations. The formation, equipment, and preparing paramilitary troupes in the territory of the Zapatista, Mexican armies’ militarization of the Chiapas, inclusion and division by political parties and coalition forces, initiation of programs that directly overthrow people by struggle or force them to give their land has constantly weakened them over the past 14 years in which they were coerced to be divided into organizations and eliminate their leaders (Herna ´ndez, 2001). But despite all of this, the Zapatistas have never gone back to the dump of open combat, nor have they shriveled into fright or defenselessness in opposition to the assaults and weights of poverty (Vogt, 1969). They have and still persistently, gradually and progressively build autonomy, providing themselves voices and seeking out that of others whom they know are committed with their task of creating a new world. They have learned from their bitter experiences from the past and will now stand from the ground with head up full of dignity (Harvey, 1998). IV.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Argument/ Analysis The Zapatista movement throughout the decades has proven how potent and competent they are in terms of self-sufficiency in their community in Chiapas. And I personally believe that the state government must allow the amends that they are trying to put forward because they are indeed deserving of such compensation. Support from the state government is needed by them because they have to go a long way more to achieve the fruits of what they have labored for many years now. Furthermore, the Zapatistas has impressively established and managed their autonomous indigenous communities and it is constantly operating well despite the absence of change in the Mexican political arena. Zapatista insurrection moreover has become a key motivation and inspiration from people around the world. We cannot immediately tell whether they had failed or succeed the quest, because they are merely starting to arrive on the peak of their movement’s victory. And sooner maybe, if the needs of this indigenous people have not still been met, they might not be able to carry on and totally drift into the shadows. V.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Conclusion Evidently, the Zapatistas has indeed made its way among all the other movements different nations had produced. The EZLN has failed in some ways but are succeeding and yet to succeed in several fashions. Indeed, the Zapatistas have established themselves, from a community of none to a community of united individuals bounded as one, building an entire autonomous society with their own government, rules, way of life that will show the state government how capable they are to gain their full power of independence.

An Assessment of the American Psychological Association in the Development of Professional Knowledge and Abilities of Members

An Assessment of the American Psychological Association in the Development of Professional Knowledge and Abilities of Members Consecutive studies demonstrate that career success is primarily a function of ability, personality, knowledge, opportunity, and the interactions between these variables (Rode et al., 2008). Additionally, the scope of job tasks, responsibilities, and expectations have also been cited as critical determinants of career success. Abele Spurk (2009) defines career success as the positive psychological or job-related outcomes an individual accumulates as a direct result of work-related experiences.Advertising We will write a custom research paper sample on An Assessment of the American Psychological Association in the Development of Professional Knowledge and Abilities of Members specifically for you for only $16.05 $11/page Learn More Professional bodies and organizations have been credited for assisting employees to work towards achieving their career goals and objectives and, therefore, play an important role in complimenting the efforts of employees towards the attainment of career success. This paper purposes to explain how the American Psychological Association (APA) assists its members in the development of professional knowledge and abilities, and how this impacts the career success of psychologists in the various fields of practice. Headquartered in Washington, the APA is a scientific and professional organization with over 150,000 members, thus making it the largest association of psychologists globally. According to its homepage, â€Å"†¦the mission of the APA is to advance the creation, communication and application of psychological knowledge to benefit society and improve people’s lives† (APA, 2010, para. 2). Among other things, this mission is based on continual pursuit of excellence, outstanding service to members and society, knowledge and its application based on methods of science, and ethical action in all the organization’s endeavors. The APA contributes towards the enhancement of professional knowledge and abilities of its members in a number of ways. First, the organization is not only the foremost catalyst for the stimulation, development, and dissemination of psychological knowledge and practice, but it is the primary resource for all psychologists, not mentioning that it is the premier trendsetter in the education, nurturing, and training of psychologists, practitioners, and educators (APA, 2010). Its comprehensive undertaking in research provides members with a framework to keep abreast of current issues in the broad field of psychology, and enhances their practical knowledge and abilities in dealing with new and challenging issues. In addition, the association provides members with the opportunity to network and exchange critical ideas that goes along way to sharpen their abilities to contribute more to the enhancement of human rights, health, well-being, and self-respect (APA, 2010).Advertising Looking for research paper on psychology? Let's see if we can help you! Get your first paper with 15% OFF Learn More What’s more, the publications and annual conventions arranged by the organization allows young psychologists the chance to interact with experienced members and exchange knowledge and ideas that are inarguably critical to the practice judging by the fact that psychology is an evolving discipline. The association gives its members an enabling environment to develop their professional knowledge and expertise through interaction and collaboration. Lastly, it is imperative to mention that any professional body gives its members a sense of belonging and a framework for furthering their interests, and the APA is no exception (Kuijpers et al., 2006). As already mentioned, career success is primarily a function of an individual’s knowledge and abilities. Individuals always strive to build a successful career, and a professional body that will provide them with the basic ingredients for career success is mos t welcome. Knowledge and abilities will enhances an individual’s chances to gain materially in terms of pay and hierarchical position, otherwise known as objective career success (Abele Spurk, 2008). In the same vein, having adequate knowledge and capabilities brings job satisfaction, motivation and enhanced social status, therefore enabling one to achieve what is known as subjective career success. As such, it can be concluded that engagement in professional organizations enhance one’s career success. Reference List Abele, A.E., Spurk, D. (2009). How do objective and subjective career success interrelate over times? Journal of Occupational Organizational Psychology, 82(4), 803-824. Retrieved from MasterFILE Premier Database American Psychological Association. (2010). About APA. Retrieved from https://www.apa.org/about/index Kuijpers, M.A.C.T., Schyns, B., Schreerens, J. (2006). Career competencies for career success. Career Development Quarterly, 55(2), 168-178. R etrieved from MasterFILE Premier DatabaseAdvertising We will write a custom research paper sample on An Assessment of the American Psychological Association in the Development of Professional Knowledge and Abilities of Members specifically for you for only $16.05 $11/page Learn More Rode, C.R., Arthaud-Day, M.L., Mooney, C.H., Near, J.P., Baldwin, T.T. (2008). Ability and personality predictors of salary, perceived job success and perceived career success in the initial career stage. International Journal of Selection Assessment, 16(3), 292-299. Retrieved from Academic Source Premier Database

Global Misconceptions in The WHO Video

Global Misconceptions in The WHO Video Introduction The WHO video on chronic illness acts as a revelation, for the reason that it provides the audience with a view of the chronic health conditions in the developing countries. It serves to dispel numerous myths and misconceptions about the suffering of people in the third world countries from what have traditionally been viewed as lifestyle diseases, mostly affecting residents of the developing countries.Advertising We will write a custom essay sample on Global Misconceptions in The WHO Video specifically for you for only $16.05 $11/page Learn More People have tended to assume that the third world countries were immune or at least not prone to conditions, such as cancer, diabetes, and heart attacks, among others (WHO, 2014). Despite the assumptions, the video dismisses this information by indicating that 80% of the people who die come from low and middle-income nations. In addition, they are likely to affect women and children as they would affect men. The video contains several personal stories of victims from developing countries, most of whom are living in poverty and have been severely affected by chronic diseases. The stories focused on people living with chronic diseases and the underlying risks, given that today millions of people are dying, and many others are becoming disabled because of chronic diseases (WHO, 2014). The stories are aimed at raising the awareness. They demonstrate the very deep and personal impact of the diseases on individuals, their families, and communities. Are individual behaviors to blame? Individuals are not necessarily responsible for getting chronic conditions since, although the causes are known, many people often suffer from them even when they have not been exposed. In addition, some of them are genetic and/or environmental, which limits the extent to which potential victims can take actions. However, in some cases, individuals’ lifestyles significantly contribute to their vulnera bility. For example, someone who consumes excess amounts of junk food or alcohol would have relatively high chances of suffering from diabetes. Similarly, a heavy smoker would also be at a high risk of suffering from cancer because of his or her lifestyle (WHO, 2014). Nonetheless, the idea that nothing can be done is fallacious, since there are numerous measures that an individual can take to protect himself or herself.Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More These include regular exercises, a healthy diet, and frequent medical checkups. While they might not eliminate the risks of getting a condition, such as cancer or diabetes, risks would be significantly reduced. Developed vs. developing countries While chronic diseases are for the most part preventable, governments and health organizations in many third world countries have found it very difficult to address them due to s everal factors. In developing nations, the education levels are very low, which result in ignorance that complicates efforts to provide citizens with health education. In some societies, people refuse to accept the connection between lifestyle and illness, and blame supernatural powers or witchcraft. In addition, owing to insufficient funds and/or research data in relation to the scope of the problem, efforts to address these problems are often disorganized. Hence, they tend not to be very effective. Conversely, on the West, an educated population takes the issue very seriously, and many studies have been carried out on it, which makes it comparatively easy to address the matter (WHO, 2014). However, in the developed nations, there is a unique challenge because, despite the awareness of the risk factors, people often ignore them. In low-income nations, the main challenge is to get sufficient resources to fight the diseases, while, in the high-income ones, it is to educate people abo ut the risks of chronic diseases. Reference WHO. (Executive producer). (2014). Face to face with chronic disease. Geneva, Switzerland: WHO.

Food inc Essay Example | Topics and Well Written Essays - 250 words

Food inc - Essay Example My general reaction to the film is that, it is an amazing documentary that made many facts public. The film could help people protect themselves from their own businesses, something that their own government knew and allowed. Furthermore, the government should be first in fighting such foods, just as it is in fighting Osama Bin Laden. Even though some believe that cheap, a fast and tasty meal is the best food for workers on basis of convenience, this is far too little to consider, instead of its nutritional value. One of the least convincing arguments is that doing away with technology and fertilizer would leave us only with starvation documentaries to watch. Contrary, I believe that the cost of doing away with genetically modified foods is cheaper than the cost of treating diseases related with such foods, and worst of all, the lose of many lives. In order to well understand this documentary, people should remove themselves from their personal opinions and view it, just the way it is. Rhetorical devices have effectively conveyed the message. The call of action at the end is however hypocritical. This is because it only recommends buying foods at farmers markets and organic yoghurt as the only solution to the

Andrew Jackson and John Marshall Essay Example | Topics and Well Written Essays - 500 words

Andrew Jackson and John Marshall - Essay Example chief justice whose opinions assisted in laying the U.S. constitution. Marshall as chief justice, did not rely in any way on other people’s opinion, but believed that the law should guide his ruling. He steered his justices and only one time did he appear on the losing side in a case involving the constitution. He had set his own standards of constitution interpretation. In the Marbury v. Madison case, Marshall was of the opinion that the case violated the constitution by trying to expand the original and existing jurisdiction of the highest court. In this case, Marshall ruled it unconstitutional. This case made the Marshall proclaim the doctrine of review of the judiciary. In the case of McCulloch v. Maryland, which involved balancing of powers between the states and the federal government, Marshall ruled on federal supremacy. Marshall was of the opinion that states were not liable of taxing federal institutions. He prevented the states from establishing laws that would violate the federal law. Marshall upheld the congressional authority in cre ating a second bank of U.S, though the powers to govern this were not stated in the constitution expressly. In Worcester v. Georgia, a Georgia statute prohibited those who were not Indians from being present on Indian lands without having a license of doing so from the state. In this case, Marshall ruled it unconstitutional under the ground that the federal government had exclusive authority in dealing with such matters. It is believed that, in this ruling, Andrew Jackson was not happy about the ruling of Marshall and looked forward to seeing whether the ruling would be implemented, but it was at the very end and Worcester was freed. Andrew Jackson is seen as one of the presidents who did not protect, preserve or defended the constitution. During his swearing in, he said the words, but did not seem to follow them as required. During the Worcester v. Georgia case, Marshall had ruled that the federal law

A critique of the current arguments in the popular media regarding Term Paper

A critique of the current arguments in the popular media regarding intellectual property - Term Paper Example Issue of â€Å"copyrighted† material is on the agenda both for providers and users, as percentage of infringements in this sphere steadily grows. Discovering plagiarism in education, one should pay attention to sphere of copyright application. â€Å"Works covered by copyright include books, magazines, musical scores, motion pictures and computer software programs.† (Millonzi & Passannante 39 - 43) Writing term papers, dissertations, composing or technical projects, students require a large variety of information that must be properly cited. U.S. Copyright Office, the American Society of Composers, Authors and Publishers (ASCAP), WIPO and other organizations regulate these legal matters and develop preventive measures against plagiarism of the copyrighted material. iParadigms, LLC created an online software Turnitin for detection of plagiarism in written paper of students and authors. On the international market this intellectual rights protection service is intended for schools, colleges and universities. The software assesses similarity of the works, using electronic libraries, published articles, web-sites etc. Nevertheless, Matthew Dames doubts high efficiency of the product and rejects using it in his practice, because even minimum similarities are unavoidable. â€Å"A student cannot have a genuine original thought that is independent of another’s writings. As a result, the service skews overwhelmingly toward the benefit of authors whose work and reputation already have been established.† (Dames 23 - 25) This argument is logically grounded, as search results of Turnitin are based on maximum coincidence of words and word combinations. To deal with the arisen problem in the United States, Copyright Office and Department of Education should improve assessment criteria of the written works. Firstly, tutors should provide students exceptionally with theoretic background. There

Jaguar Strategic Analysis

Jaguar Strategic Analysis INTRODUCTION: Jaguar Land Rover Cars (JLR), is one of the largest car manufactures around the world. It was founded in 1922 by two motorcycle fanatics i.e. William Walmsley and William Lyons as Jaguar. Its products are luxurious and of high superiority.Jaguar hire above 16,000 individuals, mainly in the UK (Ford Motors, 2009). As we know that Car trading is a very lucrative business, and this is the reason that most car manufactures industries are upgrading their market mix so as to encounter their clients demand and also tie the market race. This is a developed market and there is entry fences forced mostly for the novices. This business definitely, requires sufficient resources and heavy savings as a source of resources, and also solid technological experience. (Thomson 2008) This report is an analysis of assignment 1 in order to identify the Jaguars developments and impact. The report covers critical analysis on the companys operations, structure, external environment, the strategy of the organization regarding its suitability and ability to report the macro-environmental and industry trends, product and service offerings and corporate actions, of the company OVERVIEW: Jaguar main marketing objective is to reinforce its brand fairness and to attain retailing range. The objective requirements are to tie the gap among its customers and its actual performance (Daye VanAuken, 2009). The Jaguar wishes to achieve its social responsibilities and have courage to join in in partnerships with other organizations and NGOs to aid progress; the locale and support the shareholders in building the community relations. As this report is an analysis on my assignemt1. In pervious assignment I have made following findings. The terminologies connected to business environment both micro and macro of the company JAGUAR. Their aims, market share and competitive advantage Business strategy Problems that hinder in the companys success and also suggests the best fit approach for Jaguar Report evaluates and analyses different methodologies like SWOT Analysis, PEST analysis and micro and macro environment of jaguar In my previous work i studied external environment of jaguar in which i studied aboutPESTL,PORTERfive forces andSWOT analysis. According to my study i have made following analysis of jugular company. According to PESTLE analysis Jaguar Company faces political, economic, social, technological and legal issues. According to political aspects company has stable interest in decreasing carbon emissions from vehicles and factories. So; there is increased need for any alternative of fuel sources. Economically people are less motivated to priced cares because jaguar lacks economical cars. Socially people wanted Sports cars are less wanted because they are not environmentally friendly. Technologically Jaguar have need to advance hybrid or electric carsLegallyJaguar should need to acclimatize the method in which company work to put up new rules or laws. According to porter five forces analysis buyers of jaguar want jaguar appliances and engines in their cars. Suppliers of jaguar are the people who deliver parts and machinery. New competition to the jaguar can be from previous car corporations who may investigate the luxury car market, this competition can have from companies like Volkswagen, Ford, and Peugeot. Company can face rivalry from multiple companies like BENZ, BMW, Aston Martin, Porsche, and Bentley Mercedes Benz. Potential clients who may be watching for a high performance car can be persuaded by motorcycles as an alternative.in SWOT analysis Jaguars strength is due to its status for creating a range of top cars with its outstanding workforce. It also has strong position in research and growth. Weakness is lies in the fact that jaguar is not an eco-friendly company so; it may have negative influence on the company. (Duane Michael 2011) Jaguar must some opportunities like they can improve their outstanding standing for quality if they want to keep their competitive edge in the market.(Barney 2010) Threaten Jaguars strategic position is because of growing fuel pr ices, less throwaway income and changing interest. Governmental rules will also threaten Jaguar ANALYSIS:   Ã‚   Suitability: In my previous analysis I cover most of the macro-environment and industry analysis tools here I am recommending the use of strategic option of the organization. Jaguar aspiring development plans can only be reinforced by bringing novelty in innovative engines, products, and environmental technologies. The company has a complex strategy for placing itself as a foremost producer of best vehicles. The companys success is related to its investment in product growth, and is imitated in the RD, strategic emphasis on capital spending, and product design. The strategic position of Jaguar through the earlier examines seem to be strong within their target market. Jaguars aims to keep this position by development and research are certainly, that how they are keeping this position actually. If Jaguar needs to strengthen this position, though, they must expand their image as being ecological. This could be attained through their previously firm research and development. (Gov.uk, 201 7) ACCEPTABILITY: Principal risks. Global economic and geopolitical environment: Jaguar worldwide presence raises its contact to worldwide economic and geopolitical risks and external factors for example the current UK survey to leave the EU, political unpredictability, terrorism, wars, natural tragedies, epidemics, fuel lacks, and labor strikes. Environmental regulations and compliance: Jaguar has many strategies, laws and regulations that cover its environmental features connected to production services and vehicles; for example, fuel economy and greenhouse gas emissions. Competitive business efficiency: Jaguar has started programs to enhance operating competence in response to the dynamic external setting including prevailing and developing modest challenges. Brand positioning: it is becoming gradually challenging as the broader motorized market and digital setting develops where new rivals are evolving and prevailing are growing. Product liability and recalls: This may interrupt existing and potential consumers to question about the superiority of Jaguar Land Rover products. Exchange rate fluctuations: This can drive to a important exposure to variations in foreign currency, particularly sales in US Dollars and Chinese Renminbi along with costs in Euro Global expansion: As global sales and industrial track increases company have risks as geopolitical risks, epidemics, natural tragedies, discrepancy and vagueness of economic and governmental rules, the interpretation of native laws and guidelines and taxation systems Distribution channel: A risk to consumer service could worsen. Patent and IP protection:Risks includebreach of intellectual property (i.e. copyright, designs trademarks, patents,). Unethical and prohibited business practices:As company increases global footprint they are bare to the potential risks related with diverse ethical values and cultural norms. (Bacon, 2009) (Full Issue PDF, Volume 41, Issue 4, 2016) FEASIBILITY: Use of estimates and judgments: The planning of financial statements in accordance with IFRS requires the use of definite grave accounting estimations. It also needs management to work out its judgment in the procedure of put on the companys accounting rules. Revenue recognition : It includes the quantities charged to clienteles outside the company and is measured at fair value of the concern net of discounts, receivable , sales incentives, client bonuses and rebates established, which can be recognized at the point of sale. Cost recognition: Expenditures are exploited where suitable in conformity with the policy for internally made intangible assets and signify stores and other manufacturing supplies, worker costs, and other expenditures experienced for product development assumed by the company. Government grants and incentives: Government endowments are known when there is assurance that the company will obey with the pertinent circumstances and the funding will be received. Government grants are documented in the income statement on a methodical basis when the company distinguishes, as expenses, the linked costs that the endowments are envisioned to recompense. Foreign currency: The Company has a practical and performance currency of GBP. Contacts in foreign currencies are noted at the exchange rate prevailing on the date of transaction. Income taxes: they include present and deferred taxes. People and Skills: The essential capabilities within a company can be viewed as extents where the company is very good at and therefore set them separately from the competition. One of Jaguars extremely high qualities is its team of experts and motivated staff. This outstanding staff has a positive attitude on the rest of manufacture, e.g. tasks for example assembly and maintenance of offering sturdy and consistent vehicles, for which Jaguar is famous for. This is also the jaguars vision to produce desirable cars. (Ford Motors, 2009) The companys sustainability vision targets to guarantee their business although replying to worldwide trends and stakeholder requirements. Their strategy will aid to safeguard that sustainability is rooted at each stage of the life cycle of their products and at all stages of business. CHALLENGES: Through analysis I have discover one of the chief problems is Future profitability and the faith of shareholders. Company makes great performance and best vehicles; however, they do not want to have an important environmental outline. As a rising company, its more imperative than ever that we have a complete strategy prepared to decrease impact on the environment and exploit the optimistic welfares that business can bring (Wallace and Tovey, 2017) RECOMMENDATIONS To face the challenges we must react efficiently to numerous developing worldwide trends that are influencing the future of companys business. Away from the influence of products, supply chain operations and, we have a broader duty to provide benefits to the society and the economy. Companys Global Corporate Social Responsibility strategy helps to improve solutions for social and economic challenges. Areas of focus consist of proceeding knowledge by building engineering and science skills, emerging young engineers and backup technology businesspersons. (Pierini, Eckert, 2008) CONCLUSION This report has well assessed Jaguars strategic position and also known growing technologies and their influence on this position. The external environment was assessed and it showed Jaguars position in its related market zone. Five forces, PESTL and SWOT analyses were carried out to show how strong Jaguars place in their market was. Generally, Jaguar is very securely working as a leader in their market. REFERENCES: Jaguar (2013) JAGUAR[online] available from http://www.jaguar.co.uk [2013] Thomson, R 2008, Tata Motors completes acquisition of Jaguarà ¢Ã¢â€š ¬Ã… ¸, Press release Ford Motors 2009, à ¢Ã¢â€š ¬Ã… ¸Tata Motors enter into Definitive Agreement with Ford for purchase of Jaguar Land Roverà ¢Ã¢â€š ¬Ã… ¸, Press release Daye D, Van Auken B 2009. The Benefits of Corporate Brands. From (Retrieved 15 July 2009). Duane, I, Michael, A 2011, Understanding business strategy: concepts and cases: Mason, South-Western Cengage Learning Barney, J 2010, Firm resources and sustained competitive advantage, Journal of Management, 17, pp.99 120 Bacon, N 2009, Competitive advantage through human resource management: best practice or core competencies? à ¢Ã¢â€š ¬Ã… ¸ Human Relations, Vol.4, pp. 361 372 Huselid, A 2006, Strategic human resources management: where do we go from here? à ¢Ã¢â€š ¬Ã… ¸ Journal of Management, Vol. 32, pp. 898 925 Gross, S 2009, End-of-life vehicles management in Europe: driving the change: Cases of Sweden and Germany. IIEE, Lund University Pierini, M Eckert, V 2008, Strategy-based approach to eco-design: Application to an automotive componentà ¢Ã¢â€š ¬Ã… ¸, International Journal of Vehicle Design, vol. 6, pp 156-17 Gov.uk. (2017). Jaguar Land Rover: manufacturing more resource efficient cars Case study GOV.UK. [online] Available at: https://www.gov.uk/government/case-studies/jaguar-land-rover-manufacturing-more-resource-efficient-cars [Accessed 21 Jul. 2016]. Wallace, T. and Tovey, A. (2017). UK firms from engineers to banks struggle to fill skills shortage. [online] The Telegraph. Available at: http://www.telegraph.co.uk/business/2017/03/04/uk-firms-engineers-banks-struggle-fill-skills-shortage/ [Accessed 10 Mar. 2017]. Full Issue PDF, Volume 41, Issue 4. (2016). Fisheries, 41(4), pp.157-212.

Humorous Wedding Speech Delivered by the Groom :: Wedding Toasts Roasts Speeches

Humorous Wedding Speech Delivered by the Groom Well, as Henry VIII said to each one of his wives †¦ 'I shall not keep you long'. Ladies and Gentlemen, this day is an historic day, on this day in 1666, the Great Fire of London started - nothing to do with my wife's cooking. And on this day in the year 2000, you attended this wedding reception and heard the finest wedding speech of your entire lifetime, and my best man Michael will be making it. I after all, did have a great speech worked out for you today, but as I am now married, my wife has told me what to say instead. Thank you - All So on behalf on my wife and I. We would like thank you all for coming here today and sharing our special day with us. Especially those who have travelled some distance to be here, including our chief bridesmaid Suzy and her boyfriend Chris who have come all the way from Canada via Glasgow. We would also like to thank you all very much for your cards, kind thoughts and wonderful presents. I was afraid that putting a dinner service on the wedding list was not such a good idea. When I discussed it with Mel I suggesting we should get a dishwasher, but she told me not to worry, she's going to get one when she's married - Me! We had considered getting married abroad, but we decided we would prefer to share our day with all of you. And I'm glad we did. Here's to all of you who are all very special people, picked by us both and may we all have a great day (toast). Thank you - Brian Brian, thank you for those kind words, (you hope that you won't let him down/are proud to be his son-in-law, live up to his expectations etc. Having lived with Mel for 3 years now, I think I am prepared well enough.) I must say that both Hazel and yourself always make me feel very welcome when I come to visit. In view of the fact that my new Mother-in-Law is so close, I don't want to say much, other than only Adam had no Mother-in-Law - that's how we know he lived in paradise. Thank you - Parents We would like to thank both sets of parents as we wouldn't be here today if it wasn't for them.

Krispy Kreme

Krispy Kreme Doughnuts, Inc. FIN Professor XXX XXXX Month xx, xxxx History Krispy Kreme was founded by Vernon Rudolph after he purchased the famous secret recipe of yeast-raised doughnuts in 1937 from a French chef in New Orleans. Rudolph began to sell these doughnuts wholesale to supermarkets. The demand for his doughnuts grew quickly, and by cutting a hole in the wall of the factory to sell directly to customers the concept of Krispy Kreme retail stores was born. The retail concept for Krispy Kreme doughnuts allowed Rudolph to grow his factory stores to 29 shops in 12 states by the late 1950’s.When Rudolph died in 973 Beatrice Foods bought his company and expanded it to more than 100 locations and expanded the menu to include soups and sandwiches. Beatrice tried to reduce costs by changing the appearance of the stores and using cheaper ingredients. This negatively affected the company and Beatrice sold the company to a group of franchise owners. This group of owners was led by Joseph McAleer, who was the first Krispy Kreme franchisee. The leveraged buyout was completed for $24 million in 1982. The new group brought back the original recipe and logo.By 1989 the group was almost debt free and they were beginning to expand. The company CEO, Scott Livengood, took the company public in April of 2000. The share price after the first day was $40. 63. Holes in Doughnut Accounting Practices In May of 2004 Krispy Kreme announced to its investors that they should expect earnings to be 10% lower than predicted. It was at this time that the low-carb diet had taken the U. S by storm, and Krispy Kreme blamed this low-carb diet for their low wholesale and retail sales.They also announced the sales of a the Montana Mills bakery chain of 28 bakery cafe’s that had been acquired in January of 2003 for $40 million in stock. Krispy Kreme also announced that the Hot Doughnut and Coffee Shops were falling short of expectations and three of them were closing at a cost o f $7 to $8 million. Krispy Kreme (KKD) stock price closed down 30% that day. Shortly after on May 25th, 2004 when the Wall Street Journal published a story about how Krispy Kreme handled is accounting for franchise acquisitions.According to the article Krispy Kreme recorded the interest paid by the franchisee as interest income for immediate profit, except that Krispy Kreme booked the purchase cost of the franchise as an intangible asset and did not amortize it. In the repurchase agreement of the 7 stores in Michigan, they allowed one of the franchises top executives to stay on with the company after the repurchase. This executive left the company shortly after closing the deal, and had to pay him $5 million in severance which Krispy Kreme also rolled into the unamortized-asset category. Krispy Kreme claimed it followed GAAP standards and had done nothing wrong.The final shoe to drop as on July 29th, 2004 when Krispy Kreme announced that the Securities and Exchange Commission (SEC) had launched an informal investigation related to â€Å"franchise reacquisitions and the company’s previously announced reduction in earning guidance†. Krispy Kreme (KK) shares fell another 15%. The revelations about the companies accounting practices and showing interest as immediate income and not amortizing the repurchased franchises but rather showing them as intangible assets alone could justify the devaluation of their stock price by approx. 45%.Couple their earnings decline and the announcement of store closings and it easily can be justified. Couple that with the fear of the unknown. If Krispy Kreme was treating their interest and reacquired franchises as they were which seems to be blatantly wrong, what else might the SEC find during their investigation? This fear would certainly drive investors away and their share price down. The facts along with its ratings being dropped by 50% of analysts to â€Å"Hold† from â€Å"buy† a few months earlier. K rispy Kreme Deep Fried and Possible Deeper Issues Krispy Kreme grew incredibly quickly in the years leading up to the nvestigation (as shown in the chart below) and then may have tried to meet Wall Street expectations through some questionable practices such as shipping more product or pulling ahead product orders, then allowing the orders to be returned shortly after for credit. â€Å"Testimony by a former sales manager at a Krispy Kreme outlet in Ohio, said a regional manager ordered that retail store customers be sent double orders on the last Friday and Saturday of the 2004 fiscal year, explaining â€Å"that Krispy Kreme wanted to boost the sales for the fiscal year in order to meet Wall Street projections. The witness said the manager explained that the doughnuts would be returned for credit the following week – once fiscal 2005 was under way† (Chin, 2005). It seems pretty clear that Krispy Kreme was using questionable methods to inflate profits. Investors also l ater found out that Scott Livengood (CEO), the former COO John W. Tate, and the former CFO Randy Casstevens, â€Å"unloaded more than 475,000 shares of Krispy Kreme stock for proceeds of $19. 8 Million†, (Chin, 2005) while they were fully aware sales were declining since January of 2003.During this investigation, Scott Livengood, Krispy Kreme’s CEO announced his retirement. It would seem to me that there may be some deeper issues with Krispy Kreme and if I were a shareholder I would want out, or to be certain that Krispy Kreme’s accounting mess was cleaned up. The chart below shows Krispy Kreme’s performance during the years leading up to the investigation. Krispy Kreme Re-made Fresh Today Krispy Kreme’s stock has not fully recovered, (see chart below), but as of the end of 2012 Krispy Kreme seems to have made a comeback. â€Å"Krispy Kreme Doughnuts, Inc. Krispy Kreme) is a retailer and wholesaler of doughnuts complementary beverages and treats a nd packaged sweets. The Company’s principal business is owning and franchising Krispy Kreme stores, at which a variety of doughnuts, including the Company’s Original Glazed doughnut, are sold and distributed together with complementary products, and where a broad array of coffees and other beverages are offered. As of January 29, 2012, there were 234 Krispy Kreme stores operated domestically in 38 states and in the District of Columbia, and there were 460 shops in 20 other countries around the world.Of the 694 total stores, 292 were factory stores and 402 were satellites. The Company operates in four segments: Company Stores, domestic franchise stores, international franchise stores, and the KK Supply Chain† (â€Å"Krispy Kreme Doughnuts†). As of close of business on Friday last week KKD traded at $14. 80, way below its heyday when the stock traded in the $40’s but it is double its all-time low. Krispy Kreme doughnuts (KKD as of March 22, 2013 When compared to its competitors Krispy Kreme’s P/E is 49. 33. This is much higher than the others but its P/S is in the middle.Krispy Kreme’s competitors are listed as Dunkin’ Brands Group, Einstein Noah restaurant Group, and Starbuck Corporation. Below is the direct competitor comparison. Direct Competitor Comparison| | | KKD| DNKN| BAGL| SBUX| Industry| Market Cap:| 989. 57M| 3. 94B| 253. 09M| 42. 99B| 384. 28M| Employees:| N/A| 1,104| 6,912| 160,000| 10. 87K| Qtrly Rev Growth (yoy):| 0. 16| -0. 04| -0. 04| 0. 11| 0. 30| Revenue (ttm): | 435. 84M| 658. 18M| 427. 01M| 13. 66B| 453. 84M| Gross Margin (ttm):| 0. 17| 0. 79| 0. 21| 0. 57| 0. 31| EBITDA (ttm):| 47. 93M| 304. 86M| 48. 46M| 2. 46B| 47. 5M| Operating Margin (ttm): | 0. 09| 0. 38| 0. 07| 0. 14| 0. 07| Net Income (ttm):| 20. 78M| 108. 18M| 12. 74M| 1. 43B| N/A| EPS (ttm):| 0. 30| 0. 93| 0. 74| 1. 86| 0. 78| P/E (ttm):| 49. 33| 39. 95| 20. 01| 30. 87| 29. 99| PEG (5 yr expected):| 1. 02| 1. 58| 0. 98| 1. 43| 1. 50| P/S (ttm):| 2. 24| 5. 96| 0. 59| 3. 13| 1. 04| | | | | Suggestions for a Krisp/Klean Future Making Doughnuts I three things I might suggest if I were the CFO for Krispy Kreme doughnuts would be to insure open communication with investors and insure them that internal auditing systems are in place.I’m sure that investors lost all trust in the previous management because of the questionable practices that were followed. Krispy Kreme needs to rebuild that trust by having open lines of communication with its investors. I would take a serious look at closing unprofitable stores, and research other markets to open more stores. Some areas may still be underperforming while others are booming. Concentrate on the areas that show better potential and take advantage of that market while it is supporting growth. Because their competitors seem to offer expanded menus I would concentrate on healthy choices for the lunchtime crowd.Everyone is aware of Krispy Kreme’s doughnuts, but I’m not so sure their other menu items are well known as an option for lunch/brunch. Other than the morning rush for doughnuts, they could make their stores more profitable with being the †go toâ€Å" spot for lunch also. References Chin, N. (2005). Krispy Kreme Dougnuts: Empty calories or empty profits? Retrieved from http://www. corporateconflicts. com/index-sb-cases-kk. html Krispy kreme doughnuts. (n. d. ). Retrieved from http://www. google. com/finance? client=ob&q=NYSE:KKD Krispy Kreme Krispy Kreme Doughnuts, Inc. FIN Professor XXX XXXX Month xx, xxxx History Krispy Kreme was founded by Vernon Rudolph after he purchased the famous secret recipe of yeast-raised doughnuts in 1937 from a French chef in New Orleans. Rudolph began to sell these doughnuts wholesale to supermarkets. The demand for his doughnuts grew quickly, and by cutting a hole in the wall of the factory to sell directly to customers the concept of Krispy Kreme retail stores was born. The retail concept for Krispy Kreme doughnuts allowed Rudolph to grow his factory stores to 29 shops in 12 states by the late 1950’s.When Rudolph died in 973 Beatrice Foods bought his company and expanded it to more than 100 locations and expanded the menu to include soups and sandwiches. Beatrice tried to reduce costs by changing the appearance of the stores and using cheaper ingredients. This negatively affected the company and Beatrice sold the company to a group of franchise owners. This group of owners was led by Joseph McAleer, who was the first Krispy Kreme franchisee. The leveraged buyout was completed for $24 million in 1982. The new group brought back the original recipe and logo.By 1989 the group was almost debt free and they were beginning to expand. The company CEO, Scott Livengood, took the company public in April of 2000. The share price after the first day was $40. 63. Holes in Doughnut Accounting Practices In May of 2004 Krispy Kreme announced to its investors that they should expect earnings to be 10% lower than predicted. It was at this time that the low-carb diet had taken the U. S by storm, and Krispy Kreme blamed this low-carb diet for their low wholesale and retail sales.They also announced the sales of a the Montana Mills bakery chain of 28 bakery cafe’s that had been acquired in January of 2003 for $40 million in stock. Krispy Kreme also announced that the Hot Doughnut and Coffee Shops were falling short of expectations and three of them were closing at a cost o f $7 to $8 million. Krispy Kreme (KKD) stock price closed down 30% that day. Shortly after on May 25th, 2004 when the Wall Street Journal published a story about how Krispy Kreme handled is accounting for franchise acquisitions.According to the article Krispy Kreme recorded the interest paid by the franchisee as interest income for immediate profit, except that Krispy Kreme booked the purchase cost of the franchise as an intangible asset and did not amortize it. In the repurchase agreement of the 7 stores in Michigan, they allowed one of the franchises top executives to stay on with the company after the repurchase. This executive left the company shortly after closing the deal, and had to pay him $5 million in severance which Krispy Kreme also rolled into the unamortized-asset category. Krispy Kreme claimed it followed GAAP standards and had done nothing wrong.The final shoe to drop as on July 29th, 2004 when Krispy Kreme announced that the Securities and Exchange Commission (SEC) had launched an informal investigation related to â€Å"franchise reacquisitions and the company’s previously announced reduction in earning guidance†. Krispy Kreme (KK) shares fell another 15%. The revelations about the companies accounting practices and showing interest as immediate income and not amortizing the repurchased franchises but rather showing them as intangible assets alone could justify the devaluation of their stock price by approx. 45%.Couple their earnings decline and the announcement of store closings and it easily can be justified. Couple that with the fear of the unknown. If Krispy Kreme was treating their interest and reacquired franchises as they were which seems to be blatantly wrong, what else might the SEC find during their investigation? This fear would certainly drive investors away and their share price down. The facts along with its ratings being dropped by 50% of analysts to â€Å"Hold† from â€Å"buy† a few months earlier. K rispy Kreme Deep Fried and Possible Deeper Issues Krispy Kreme grew incredibly quickly in the years leading up to the nvestigation (as shown in the chart below) and then may have tried to meet Wall Street expectations through some questionable practices such as shipping more product or pulling ahead product orders, then allowing the orders to be returned shortly after for credit. â€Å"Testimony by a former sales manager at a Krispy Kreme outlet in Ohio, said a regional manager ordered that retail store customers be sent double orders on the last Friday and Saturday of the 2004 fiscal year, explaining â€Å"that Krispy Kreme wanted to boost the sales for the fiscal year in order to meet Wall Street projections. The witness said the manager explained that the doughnuts would be returned for credit the following week – once fiscal 2005 was under way† (Chin, 2005). It seems pretty clear that Krispy Kreme was using questionable methods to inflate profits. Investors also l ater found out that Scott Livengood (CEO), the former COO John W. Tate, and the former CFO Randy Casstevens, â€Å"unloaded more than 475,000 shares of Krispy Kreme stock for proceeds of $19. 8 Million†, (Chin, 2005) while they were fully aware sales were declining since January of 2003.During this investigation, Scott Livengood, Krispy Kreme’s CEO announced his retirement. It would seem to me that there may be some deeper issues with Krispy Kreme and if I were a shareholder I would want out, or to be certain that Krispy Kreme’s accounting mess was cleaned up. The chart below shows Krispy Kreme’s performance during the years leading up to the investigation. Krispy Kreme Re-made Fresh Today Krispy Kreme’s stock has not fully recovered, (see chart below), but as of the end of 2012 Krispy Kreme seems to have made a comeback. â€Å"Krispy Kreme Doughnuts, Inc. Krispy Kreme) is a retailer and wholesaler of doughnuts complementary beverages and treats a nd packaged sweets. The Company’s principal business is owning and franchising Krispy Kreme stores, at which a variety of doughnuts, including the Company’s Original Glazed doughnut, are sold and distributed together with complementary products, and where a broad array of coffees and other beverages are offered. As of January 29, 2012, there were 234 Krispy Kreme stores operated domestically in 38 states and in the District of Columbia, and there were 460 shops in 20 other countries around the world.Of the 694 total stores, 292 were factory stores and 402 were satellites. The Company operates in four segments: Company Stores, domestic franchise stores, international franchise stores, and the KK Supply Chain† (â€Å"Krispy Kreme Doughnuts†). As of close of business on Friday last week KKD traded at $14. 80, way below its heyday when the stock traded in the $40’s but it is double its all-time low. Krispy Kreme doughnuts (KKD as of March 22, 2013 When compared to its competitors Krispy Kreme’s P/E is 49. 33. This is much higher than the others but its P/S is in the middle.Krispy Kreme’s competitors are listed as Dunkin’ Brands Group, Einstein Noah restaurant Group, and Starbuck Corporation. Below is the direct competitor comparison. Direct Competitor Comparison| | | KKD| DNKN| BAGL| SBUX| Industry| Market Cap:| 989. 57M| 3. 94B| 253. 09M| 42. 99B| 384. 28M| Employees:| N/A| 1,104| 6,912| 160,000| 10. 87K| Qtrly Rev Growth (yoy):| 0. 16| -0. 04| -0. 04| 0. 11| 0. 30| Revenue (ttm): | 435. 84M| 658. 18M| 427. 01M| 13. 66B| 453. 84M| Gross Margin (ttm):| 0. 17| 0. 79| 0. 21| 0. 57| 0. 31| EBITDA (ttm):| 47. 93M| 304. 86M| 48. 46M| 2. 46B| 47. 5M| Operating Margin (ttm): | 0. 09| 0. 38| 0. 07| 0. 14| 0. 07| Net Income (ttm):| 20. 78M| 108. 18M| 12. 74M| 1. 43B| N/A| EPS (ttm):| 0. 30| 0. 93| 0. 74| 1. 86| 0. 78| P/E (ttm):| 49. 33| 39. 95| 20. 01| 30. 87| 29. 99| PEG (5 yr expected):| 1. 02| 1. 58| 0. 98| 1. 43| 1. 50| P/S (ttm):| 2. 24| 5. 96| 0. 59| 3. 13| 1. 04| | | | | Suggestions for a Krisp/Klean Future Making Doughnuts I three things I might suggest if I were the CFO for Krispy Kreme doughnuts would be to insure open communication with investors and insure them that internal auditing systems are in place.I’m sure that investors lost all trust in the previous management because of the questionable practices that were followed. Krispy Kreme needs to rebuild that trust by having open lines of communication with its investors. I would take a serious look at closing unprofitable stores, and research other markets to open more stores. Some areas may still be underperforming while others are booming. Concentrate on the areas that show better potential and take advantage of that market while it is supporting growth. Because their competitors seem to offer expanded menus I would concentrate on healthy choices for the lunchtime crowd.Everyone is aware of Krispy Kreme’s doughnuts, but I’m not so sure their other menu items are well known as an option for lunch/brunch. Other than the morning rush for doughnuts, they could make their stores more profitable with being the †go toâ€Å" spot for lunch also. References Chin, N. (2005). Krispy Kreme Dougnuts: Empty calories or empty profits? Retrieved from http://www. corporateconflicts. com/index-sb-cases-kk. html Krispy kreme doughnuts. (n. d. ). Retrieved from http://www. google. com/finance? client=ob&q=NYSE:KKD Krispy Kreme INTRODUCTION First, I will discuss the environment of Krispy Kreme and my analysis as to what led to the company’s position in 2004. Second, I will discuss the financial health and current condition based upon the historical income statements and balance sheets. Third, I will discuss the financial ratios in relation to the financial statements. Fourth, I will discuss if Krispy Kreme was financially healthy at the end of 2004. Fifth, I will discuss my assessment of Krispy Kreme’s health and why I think the stock price dropped by 80% between 2003 and 2004.Sixth, I will discuss why I think the market reacted so negatively to the disclosures about adverse results and the revelations in the Wall Street Journal regarding the firm’s accounting methods for the franchise rights. Lastly, I will provide my recommendations for turning around Krispy Kreme Doughnuts’ business. COMPANY POSITION Krispy Kreme Doughnuts started small by selling directly to grocery stores. T heir doughnuts became so popular they began selling directly to customers. They sold a delicious doughnut and a viewing experience.When Beatrice Foods bought the company, her business model did not succeed because it expanded the product line in the opposite direction of what consumers wanted and she inputted cheap ingredients into a popular recipe which sacrificed taste. When she sold the company to the group of franchisees, it pushed the company back into a positive direction by bringing back the original recipe. Krispy Kreme was debt-free by 1989 and their IPO left them with a market capitalization of nearly $500 million in 2000.They appeared to be on the right track but, it seemed they were expanding too rapidly. They allowed franchisees to place their stores in locations that were not favorable, resulting in the franchises not doing well enough and owing Krispy Kreme Doughnuts millions. Krispy Kreme relied on the income from franchised stores purchases of equipment and mixes to o much. They also had their product in too many locations, creating an increase of supply and a decrease in demand. HISTORICAL FINANCIAL STATEMENT ANALYSISOn further analysis of the historical income statement, it seems that Krispy Kreme Doughnuts’ operating expenses are increasing gradually every year and are over 75% of total revenues for each year. The only income statement item that has decreased significantly was interest income from 2002 through 2004. Everything else seemed to point towards a profitably company because both gross profit and net income were increasing by at least 2% every year. On further analysis of the historical balance sheet there we some large red flag items.Property and equipment, net of depreciation was a significant portion of total assets each year. Most of the equipment they created was sold to franchisees and used in each company owned or franchisee owned factory stores. The significant amount on their balance sheet could have meant that they were manufacturing equipment faster than they were selling it to their franchises or due to the fact that they were expecting to expand, but were not able to expand to the extent they wanted to. As a percent of total assets, accounts receivable declined from 17% in 2000 to 7 % in 2004.Inventories were significantly increasing each year, but one would assume that some of their inventory would have to be written of due to the items expiration date (doughnuts can only last so long, so they appear to not be selling as much). Reacquired franchise rights, goodwill and other intangibles significantly increased starting in 2002, and every year after that. It rose in those years to be close to one third (30%) of total assets, which was the biggest item percentage wise other than property and equipment. The most significant item on the liabilities and shareholders’ equity section of the balance sheet is common stock.Every year common stock was close to 50% of total liabilities and shar eholders’ equity. In my opinion, Krispy Kreme Doughnuts, recognized they were in trouble with the increasing failures of franchises and kept issuing more stock in hopes to bail themselves out. FINANCIAL RATIO ANALYSIS In exhibit seven the time series of the ratios raise one specific question. The inventory turnover raises the question as to why it was taking longer for their inventory to sell. When converted to days, the ratio determined that their inventory took over twenty-three days to turnover in 2003.It seems that Krispy Kreme Doughnuts’ inventory was over saturated in the market. With an abundance in supply, it seems that their doughnuts were not as in demand. When comparing Krispy Kreme Doughnuts’ financial ratios to others in the industry, I determined that Krispy Kreme was doing better in some areas than those in the industry such as with their liquidity ratios. Krispy Kreme’s liquidity ratios were significantly higher than any company in its ind ustry. In other areas, such as profitability ratios, Krispy Kreme was about average compared to other companies.Krispy Kreme’s activity ratios were significantly lower than any other company in its industry, meaning their assets are not turning over as much as other companies. In such an industry, product seems to move fast, which further supports my notion that their product was becoming less popular due to the saturated market. It seems a lot more companies in this industry support operations with debt rather than capital, Krispy Kreme was doing the opposite. Exhibit nine supports this position because no other company had a significant amount of shareholders’ equity like Krispy Kreme.Other companies were better able to handle their operating expenses keeping them closer to 50% of net sales, unlike Krispy Kreme who kept theirs closer to 75%, but Krispy Kreme also had a higher percent of net sales in relation to operating profit and profit before taxes. FINANCIALLY HE ALTHY AT YEAR END 2004? In my opinion, Krispy Kreme Doughnuts is not completely healthy at the financial year end of 2004. Their income statement shows an increased net income from the year before, but I believe that increase can only last so long.With the inability to expand further, and current operations decreasing more than they are making, I do not expect their net income to increase by year end 2005. Everything on their balance sheet is increasing, including their inventory. They need to realize that they are simply not selling product. Although their debt is low, that is from the increasing stockholders’ equity in the form of stocks. With the outlook of the company not good, they cannot expect to support their operations with the issuance of new stock. They need to find a new way to finance their operations and ecrease their operating costs. STOCK PRICE DECREASE AND NEGATIVE MARKET REACTION In my opinion investors recognized the same warning signs that I did when analy zing Krispy Kreme Doughnuts’ financial statements and decided to drop their losses while they could still make some kind of profit selling off the stock. When Krispy Kreme announced to investors to expect earnings to be â€Å"10% lower than anticipated, claiming that the recent low-carbohydrate diet trend in the US had hurt wholesale and retail sales,† I think they further expected that something was not right with the picture they were portraying.The Wall Street Journal article, revealed an accounting practice that was not commonly followed by others in Krispy Kreme’s industry. When the SEC launched an informal investigation into the â€Å"franchise reacquisitions,† investors jumped ship as fast as they could. The significant decrease in stock from 2003 to 2004, was investors getting nervous and protecting themselves from their stock being worth near nothing. RECOMMENDATIONS In my opinion Krispy Kreme Doughnuts needs to make radical changes to the way it conducts business.I think they should completely stop off-premise sales, making their product only available in factory stores. This would hopefully decrease their inventory and decrease operating expenses related to the fleet of trucks that deliver product to grocery stores. Selling their product in factory stores only will hopefully recreate the demand for the doughnuts that there once was. I also believe that they should decrease the amount of franchises and refocus to company owned stores.Franchisees might not properly know how to pick a location or be properly trained, as seen with the increase of failing franchises. This would decrease the large amount on their balance sheet from reacquiring franchises. Focusing their business to one or two types of primary sources of income and reducing expenses would be a way to help lower market saturation of their product. Having more company owned factory stores, provides Krispy Kreme a chance to have more control over their operations a nd not depend on franchisees to make a profit for them.