Obama Care

OBAMA CARE Obama Care and health care reform is the same thing. The official name for â€Å"Obama Care† is the Patient Protection and the Affordable Care Act, a bill signed into law to reform the health care industry. Some aspects of Obama Care health care reform are already enacted. The Patient Protection and Affordable Care Act was signed into law March 23, 2010. Over 100 million Americans have already benefited from the new health care law.The Obama Care insurance requires that all insurance plans cover preventive services and stops insurance companies from dropping you when you are sick, as well as offering a number of other reforms and protections. Obama Care's goal is to provide affordable health insurance for all US citizens and to reduce the growth in health care spending. Obama Care does not replace private insurance, Medicare, or Medicaid. The Fact is that Obama Care gives 47 million women access to preventive health services and makes it illegal to charge women diff erent rates than men.Obama Care also gives seniors access to cheaper drugs, free preventive care, reforms Medicare Advantage, and closes the Medicare Part D. The AARP agrees, costs won't rise because of Obama Care, if anything, the improvements to the system will decrease the average cost of health care for seniors. Obama Care also states that â€Å"affordable insurance† means that you pay no more than 8% of your annual income on insurance. Obama Care ensures that there are no out-of-pocket costs on patients receiving mammograms and colonoscopies which are two of the most widely used forms of preventive health care.Obama Care's new Medicare Value-Based Purchasing Program means hospitals can lose or gain up to 1% of Medicare funding based on a quality v. quantity system. Hospitals are graded on a number of quality measures related to treatment of patients with heart attacks, heart failures, pneumonia, certain surgical issues, re-admittance rate, as well as patient satisfaction . Obama Care Mandates that those who choose not to purchase insurance will have to pay a tax â€Å"penalty† unless they qualify for an exemption. Exemptions from Obama Care's tax â€Å"penalty† mandate are available to a number of Americans.The mandate exemptions cover a variety of people, including: members of certain religious groups and Native American tribes; undocumented immigrants (who are not eligible for health insurance subsidies under the law); incarcerated individuals; people whose incomes are so low they don't have to file taxes (currently $9,500 for individuals and $19,000 for married couples); and people for whom health insurance is considered unaffordable (where insurance premiums after employer contributions and federal subsidies exceed 8% of family income).Starting Oct 1st, 2013 the Obama Care online health insurance exchange is where all Americans can buy affordable quality health insurance. Those under the 400% FPL and employers will be able to use s ubsidies to purchase plans at an average of 60% less than they pay now. The Obama Care Insurance Exchanges Online Market Place are implemented in 2014 health insurance premiums is projected to drop dramatically for many Americans. Low-income Americans will enjoy more Obama Care pros than cons.Since Obama Care works on a sliding scale most low income Americans, especially those without insurance, will see nothing but benefits. Medicaid expansion will cover over 15 million previously uninsured low-income individuals and families below the 133% FPL mark. All Americans (including Congress) will be able to buy their health insurance through the exchange as long as they are above the poverty level (those Americans will be covered under Medicaid expansion).Anyone (except congress) can opt out and keep their current health insurance, pay a tax, purchase private insurance or stay with their private health insurance company. The cons of Obama Care for low-income Americans are that some states will have the option of opting out of coverage for their poorest, despite 100% federal funding for the first year and 90% thereafter. In some cases rejecting Medicaid Expansion isn't just about saving money. It’s actually a politically driven move to â€Å"break† Obama Care.The opt-out is projected to leave 2 to 3 million low-income Americans without coverage. Some State reps are trying to â€Å"break† Obama Care. It's no secret a portion of the GOP wants to repeal Obama Care, they just so happen to have a strategic plan that includes â€Å"breaking† the Exchanges and Medicaid Expansion. Obama Care isn't just going to go away, but while the battle goes on Americans continue to be caught in the crossfire. It's also worth noting that the amount of uninsured Medicaid eligible Americans differs from State to State.Obama Care is projected to cost $1. 1 trillion over the next ten years, and in order for the program to work as intended this is going to include funding from the tax payers and from the States. However, the end result of Obama care spending is a $200 billion dollar reduction of the deficit over the next decade, states also receive between 90 – 100% of funding for most Obama Care related programs they set up. A few states including Nevada and Michigan have done studies that show how the States can save billions with Obama Care.Health Insurance companies stand to make billions, despite a loss on profit per plan, since they will be insuring millions of new Americans. In conclusion the Obama Care health care program will benefit all Americans from the bottom of the barrel to the top dogs in the congress. It will also help the US repair the economic deficit. The states that are trying to opt-out need to see the benefit of this plan. They are putting too much Infosys on money and not enough focus on the well-being of the American people. Clarence Boyd 16 April 2013 Obama Care OBAMA CARE Obama Care and health care reform is the same thing. The official name for â€Å"Obama Care† is the Patient Protection and the Affordable Care Act, a bill signed into law to reform the health care industry. Some aspects of Obama Care health care reform are already enacted. The Patient Protection and Affordable Care Act was signed into law March 23, 2010. Over 100 million Americans have already benefited from the new health care law.The Obama Care insurance requires that all insurance plans cover preventive services and stops insurance companies from dropping you when you are sick, as well as offering a number of other reforms and protections. Obama Care's goal is to provide affordable health insurance for all US citizens and to reduce the growth in health care spending. Obama Care does not replace private insurance, Medicare, or Medicaid. The Fact is that Obama Care gives 47 million women access to preventive health services and makes it illegal to charge women diff erent rates than men.Obama Care also gives seniors access to cheaper drugs, free preventive care, reforms Medicare Advantage, and closes the Medicare Part D. The AARP agrees, costs won't rise because of Obama Care, if anything, the improvements to the system will decrease the average cost of health care for seniors. Obama Care also states that â€Å"affordable insurance† means that you pay no more than 8% of your annual income on insurance. Obama Care ensures that there are no out-of-pocket costs on patients receiving mammograms and colonoscopies which are two of the most widely used forms of preventive health care.Obama Care's new Medicare Value-Based Purchasing Program means hospitals can lose or gain up to 1% of Medicare funding based on a quality v. quantity system. Hospitals are graded on a number of quality measures related to treatment of patients with heart attacks, heart failures, pneumonia, certain surgical issues, re-admittance rate, as well as patient satisfaction . Obama Care Mandates that those who choose not to purchase insurance will have to pay a tax â€Å"penalty† unless they qualify for an exemption. Exemptions from Obama Care's tax â€Å"penalty† mandate are available to a number of Americans.The mandate exemptions cover a variety of people, including: members of certain religious groups and Native American tribes; undocumented immigrants (who are not eligible for health insurance subsidies under the law); incarcerated individuals; people whose incomes are so low they don't have to file taxes (currently $9,500 for individuals and $19,000 for married couples); and people for whom health insurance is considered unaffordable (where insurance premiums after employer contributions and federal subsidies exceed 8% of family income).Starting Oct 1st, 2013 the Obama Care online health insurance exchange is where all Americans can buy affordable quality health insurance. Those under the 400% FPL and employers will be able to use s ubsidies to purchase plans at an average of 60% less than they pay now. The Obama Care Insurance Exchanges Online Market Place are implemented in 2014 health insurance premiums is projected to drop dramatically for many Americans. Low-income Americans will enjoy more Obama Care pros than cons.Since Obama Care works on a sliding scale most low income Americans, especially those without insurance, will see nothing but benefits. Medicaid expansion will cover over 15 million previously uninsured low-income individuals and families below the 133% FPL mark. All Americans (including Congress) will be able to buy their health insurance through the exchange as long as they are above the poverty level (those Americans will be covered under Medicaid expansion).Anyone (except congress) can opt out and keep their current health insurance, pay a tax, purchase private insurance or stay with their private health insurance company. The cons of Obama Care for low-income Americans are that some states will have the option of opting out of coverage for their poorest, despite 100% federal funding for the first year and 90% thereafter. In some cases rejecting Medicaid Expansion isn't just about saving money. It’s actually a politically driven move to â€Å"break† Obama Care.The opt-out is projected to leave 2 to 3 million low-income Americans without coverage. Some State reps are trying to â€Å"break† Obama Care. It's no secret a portion of the GOP wants to repeal Obama Care, they just so happen to have a strategic plan that includes â€Å"breaking† the Exchanges and Medicaid Expansion. Obama Care isn't just going to go away, but while the battle goes on Americans continue to be caught in the crossfire. It's also worth noting that the amount of uninsured Medicaid eligible Americans differs from State to State.Obama Care is projected to cost $1. 1 trillion over the next ten years, and in order for the program to work as intended this is going to include funding from the tax payers and from the States. However, the end result of Obama care spending is a $200 billion dollar reduction of the deficit over the next decade, states also receive between 90 – 100% of funding for most Obama Care related programs they set up. A few states including Nevada and Michigan have done studies that show how the States can save billions with Obama Care.Health Insurance companies stand to make billions, despite a loss on profit per plan, since they will be insuring millions of new Americans. In conclusion the Obama Care health care program will benefit all Americans from the bottom of the barrel to the top dogs in the congress. It will also help the US repair the economic deficit. The states that are trying to opt-out need to see the benefit of this plan. They are putting too much Infosys on money and not enough focus on the well-being of the American people. Clarence Boyd 16 April 2013

Innovators in the development of this technology Essay

Biochips are soon expected to revolutionize clinical diagnostics, massively parallel DNA analysis, and other laboratory procedures involving molecular biology. In recent years, high-density DNA micro arrays or biochips have revolutionized biomedical research and greatly accelerated target validation and drugs discovery efforts. The utility of micro array technology is that it permits highly parallel gene expression profiling; provide snapshots of the transcriptome in both healthy and diseased states. Biochips can be used to identify and prioritize drug targets, based on their ability to confirm a massive number of gene expression measurements in parallel. Biochips have been utilized to address in vitro pharmacology and toxicology issues, and are being widely applied to improve the processes of disease diagnosis, pharmacogenomics and toxicogenomics. The biochips widely in use today, however, owe their existence to innovation in miniaturization in both the private and academic sectors. Innovators in the development of this technology include Hyseq, Oxford Gene Technologies and Stanford University. The biological nature of biochips also raises the possibility of some exciting medical applications – they could be implanted in the body of interface with the living system. Some possibilities include: Brain implants to circumvent damage that has caused blindess and deafness. Cardiac implants to regulate heart beat, Blood implants to regulate drug discovery (e. g. insulin for diabetics) and implants to control artificial limbs The fabrication of complex three dimensional biochips with the fabrication technology now used in the electronics industry is probably impossible. An essential feature of the use of a protein matrix is that the proteins directly their own assembly and the appropriate positioning of the semiconductor molecules. These are numerous examples of self assembling protein structures, including virus particles and these are being studied intensely for potential applications to biochip technology. Biochips will not be possible without computer designed proteins and rDNA technology. Yet it will probably be several years before rDNA technology will be able to contribute substantially to biochips research, because it is first necessary to understand more about the relationship between protein structure and function, the biological self-assembly processes, and the mechanisms by which molecules could do logic functions and store memory. Future The boundaries of technology will be continually challenged as this technology progresses, and novel applications are devised. In addition to the evolving technical approaches of DNA micro array systems, new applications for microarrays are being developed. Recent progress in combining the use of chromatin (ChIP) arrays with DNA microarrays has allowed genomewide analysis of transcription factor localization to specific regulatory sequences in living cells. Biotechnology is usually among most technologies in that it spans an array of scientific disciplines. Individuals seeking to be well versed in applications of biotechnology must have inter-disciplines training. Bioprocess engineers, for example need some knowledge of biochemistry and microbiology as well as knowledge of engineering design so that the most efficient combination of micro-organism and bioreactor can be determined. Many industrial sectors are applying biochip technology. The sectors include are pharmaceuticals, agriculture, specialty chemical and food additives, environmental applications, commodity chemicals and energy and bioelectronics. References Commercial biotechnology: An International Analysis, 1985, Office of Technology Assessment, United States Congress. Office of Technology Assessment, United States, Congress Biochips: Technology and Applications, 2003, Wan-Li Xing, Jing Cheng

Acer’s North American market

Acer's North American market share has slipped over the past few years, while in contrast, the company's European market share has risen. [8] In the mid-2000s years, consumer notebooks have been almost the sole growth drivers for the PC industry, and Acer's exceptionally low overheads and dedication to the channel had made it one of the main beneficiaries of this trend. [9] Acer grew quickly in Europe in part by embracing the use of more traditional distribution channels targeting retail consumers when some rivals were pursuing online sales and business customers.In 2007 Acer bought Gateway in the USA and Packard Bell in Europe and became the Number 3 world provider of computers and number 2 for notebooks, and achieved significant improvement in profitability. Acer has been striving to become the world`s largest PC vendor, in the belief that the goal can help it achieve economy of scale and garner higher margin. [10] But such a reliance on the high-volume, low-value PC market made Ac er exposed when buying habits changed. On June 2011 Acer re-evaluated its inventory-management strategy in light of worsening economic conditions in Europe, clarifying a large write-down.Acer said the main reason for the disputes was â€Å"high inventory† carried by distributors of its products, reflecting an â€Å"inappropriate strategy† in its European operations under the current market situation. In a written response to questions from The Wall Street Journal, Acer said â€Å"Southern Europe's economic situation has been worsening since last year† and the stagnant technology market, particularly in Spain, â€Å"influenced Acer's PC sales†. Acer discovered the problems through a routine audit, it added

The Homeless Assignment Example | Topics and Well Written Essays - 1500 words

The Homeless - Assignment Example In addition, homelessness can be caused by mental disorders, drug abuse and discrimination by the society due to certain reasons like sexual orientation. Some other people find themselves homeless owing to domestic violence, mortgage foreclosures, eviction by tenants and forced expulsion by government in order to set the land aside for other developments. The problem of homelessness was not existent in pre-historic times. Initially, human beings lived in traditional shelters such as caves, huts, and tents. Building these structures was easy and everyone could afford a dwelling because natural building materials were readily available and almost everyone knew how to build. However, during the modern times, the art of building became professional and expensive. Many individuals migrated to urban areas during the industrial revolution. Increased homelessness occurred because of higher land and house prices and strict housing codes. People who were unable to pay the exorbitant rental fees were evicted and, therefore, became homeless. Around 1500s, the homeless in England were punished because they were seen as unauthorized beggars. However, in the 16th, 17th and 18th centuries, they provided them with housing and training for jobs, instead of punishment in order to prevent them from over-relying on the state. The homeless people on the s treets in the United States increased after the American civil war (Bloom, 2005). More people were left homeless in the 1930s because of the Great Depression, which also resulted in increased poverty. In the 1970s, the homeless population increased due to de-institutionalization of people with mental illnesses. The psychiatric, outpatient, and social services that were promised to these people were not provided and, consequently, most of them ended up being homeless. In the 1980s, the number of homeless people increased

Oh What a Lovely War Movie Review Example | Topics and Well Written Essays - 250 words

Oh What a Lovely War - Movie Review Example The stage production and the film differ from each other in many ways. The stage adaptation of the World War was more lighthearted and funny. It had a backdrop on which were projected harsh images of the war, but in sharp contrast the action on the stage was more comic in nature. Attenborough’s film however, had huge sequences of the war interspersed with motifs from the stage production. The stage play made use of Pierrot costumes, but the film did not make use of them. However, what was used in the film was the ‘cricket scoreboards’ that were used in the play, depicting the number of deaths that took place. The songs in the film are filled with dark comedy depicting the madness of the war. E.g. ‘When this Lousy war is over’ and Good-bye-ee.’ The songs though highly patriotic were masked by irony that hides the hideousness and carnage of the war. One of the most memorable scenes shot by Attenborough for the film was a crane shot of the final s equence showing hundreds of graves, on a large expanse of land. This scene is highly charged with emotion and is sure to bring tears to ones

Leadership and Change Essay Example | Topics and Well Written Essays - 1500 words

Leadership and Change - Essay Example With the mail-order being a success, Branson used the money earned from this company to buy a record store and to leverage it into a chain (Branson, 2009). Over time, he has managed to add 360 acquisitions to Virgin Music Group including airlines, trains, books, healthcare, wines, comics, fitness clubs, financial services and space travel among others (Bowerman & Wart, 2011). One major reason behind the success of Virgin group of companies is Branson’s unique leadership, charisma and effective timing (Fox, 2004). These qualities have enabled him to anticipate, and manage change effectively in his business empire. Though he is remarkably reserved and shy in person (Fox, 2004), Branson has the ability to change failures to his advantage, which enables him to gain publicity (Fabrikant, 1997). This daring nature has being the motivation behind his successful empire. Implementation of change Branson’s effective implementation of change can be illustrated by Kotter’s e ight steps change model. As the virgin empire started to expand in 1990s, Virgin megastores, and Virgin Records were doing well (Grant, 2005). However, Virgin Atlantic was not doing well, and it needed huge investments in order to break from being a small time operator to medium sized carrier (Branson, 2002); which is in accordance with Kotter’s model that requires establishment of a sense of contingence to affect change (Sabri, Gupta & Beitler, 2007). According to Grant (2005), Branson’s ingenious ideas to wade through these circumstances were to float the company, and raise the required expansion capital via the city and shareholders. However, immediately after this decision, it became apparent to Branson that this decision was at odds with the kinds of risks shareholders were prepared to stand (Grant, 2005). Surprisingly, in creating a guiding coalition in accordance with Kotter’s change model, Branson decided to sell Virgin records, and bought back Virgin At lantic. It was through such strategic decisions that Virgin Atlantic has become a successful business empire today. Branson approach in his career is that of influence, and has the ability to create a common purpose among his followers; his approach is to make people achieve things that they did not know they had the ability to achieve (Daft, 2002). Therefore, Branson develops a vision and strategy to implement the specific changes, and communicates the same to his employees; these are among the steps in Kotter’s change model (Sabri, Gupta & Beitler, 2007). He establishes the change, creates the guiding principles, develops the vision and the strategies to lead to the required change, or to attain his goals. Usually, every organizational change has a range of consequences, and one of the consequences of floatation of Virgin Atlantic was change in internal environment, and an organizational culture in which employees have to thrive in (Cox, 2009). One of the remarkable cultura l changes under Branson was making employees to have decentralized chains of commands, in ensuring that they are not answerable to one leader. Empowering employees for action is one of the steps in Kotter’s change model (Sabri, Gupta & Beitler, 2007). Branson in his organizational culture ensured employees were answerable to shareholders (Grant, 2005). Grant further noted that Richard Branson’s principles and approach to handling change enables transitions to

Communism and Society in Europe Before 1848 Essay

Communism and Society in Europe Before 1848 - Essay Example This agitations and grievances led to the establishment of the People’s Charter in 1938, which presented a list of reforms that the chartists demanded that the political organization and the government of the time had to implement (Hovell and Tout, 22). It is in the consideration of the nature of the organization that Chartism developed and its ability to mobilize workers from all classes, to work towards a common course, that make me feel that this is the movement that I would have joined if I was living in 1848. The nature of the grievances that the Chartists were presenting to the political class and the government also prompts me to identify with their grievances, since they were merely basic rights requests. In support of embracing Chartism at the time, these are the reasons: First, the most vital grievance that was being presented by the chartists was the involvement of the people in deciding the political destiny of the country. In the light of this, the chartists were demanding that every man of age 21 and above should be allowed to vote, so as to decide the leaders that would lead them (Hovell and Tout, 112). Additionally, the demand stated that a man of sound mind, and who was not facing any crime charges should be allowed to vote and decide the political destiny of the country. The presentation of such a grievance by the workers during this century was a mark towards advancing democracy, since they were calling upon the government and the existing political class to pave way for the general public to be involved in running the political affairs of the country. Considering that political space at the time was dominated by the monarch, where the general public had little to do with determining the fate of the leadership of their country, the Chartism movement could not have come at a better time. This forms a basis for considering to have been absorbed into Chartism, in 1848. The second grievance that the Chartists were presenting is the conduct of elections through universal suffrage, where the participating individuals would be allowed to vote through a secret ballot (Hovell and Tout, 154). This demand was meant to ensure that the voter was protected in the exercise of his political right, since there is no voter intimidation that would arise through participating in a secret ballot to elect a leader, as opposed to the application of other open methods that would expose the voter to intimidation and threats from the rival camps (Hovell and Tout, 175). The presentation of such a grievance by the chartist movement is also justifiable, since it was a mere attempt to fight for the basic rights of the people; the right to express their political right, free of intimidation and threats. The third grievance that the Chartism movement was fighting for is the freedom to elect whichever candidate they deemed appropriate for the position of a member of parliament. Consequently, the chartists sought to have the property restriction removed, so that the constituents could elect any individual whether they were rich or poor (Hovell and

Find this article and answer this questions Schwarz, K., Mion, P., &

Find this and answer this questions Schwarz, K., Mion, P., & Litman, G. ( 2007). Telemonitoring of heart failure patients and their caregivers - Article Example The depth of the study profoundly affects the researcher’s preference of research design. The Logical similarity has influenced the researchers’ choice of a research design by ensuring the contents of the research model make sense. The sensibility of the research content is analyzed through grave thinking in the study. The researchers consider the logical similarity of his work before selecting a study design. Theoretical clarity has influenced the researchers’ choice of a research design by describing the concepts applied in the study and relating the study’s statement to find out the connection amongst the concepts. The researcher uses theoretical clarity to determine the nature of his study. Level of idea has influenced the researchers’ choice of a research design by ensuring that the ideas are represented in a theoretical model. They have not restricted intensity of idea by time or space, and are not directly measurable. The researcher has considered the level of the idea to be used in electing the research design. Clinical utility has influenced the researchers’ choice of a research design by the relevancy of the research findings to the real world. The research considers the benefits of his study to the real world prior to selecting the research design. View point on cultural competence has influenced the researchers’ choice of a research design by knowing the field they are dealing in more than their customers. The researchers have considered cultural competence before choosing the research design to use in his study. The study can be classified under qualitative study, since it compares the telemonitoring structure to the quality of health measures it has on a patient with constant heart failure. Qualitative study focuses on superiority rather than the magnitude (McDonagh, 2011). The evidence proving that the journal is peer-reviewed is

Chooses an artist between 15th century till 19th century Term Paper

Chooses an artist between 15th century till 19th century - Term Paper Example Leonardo achieves a prominent influence because he integrated many concepts in his creations. Leonardo struck a vision of future inventions and the development of religion in his creations (Zollner 23). The most revered works of Leonardo’s efforts include Mona Lisa and the Vitruvian man. It is essential to examine Leonardo’s background to realize the elements that shaped his works and intellectual direction. Leonardo da Vinci was born in 1452 in, Tuscan hill, Italy. He was born in an illegitimate relationship and, therefore, he spent most of his childhood while living among relatives. In his early life, he received elementary education in Latin, mathematics and geometry. There are meager records as to what pertains to Leonardo’s childhood. However, there are records that show that he had made earlier paintings way before he attended an art school. Leonardo expressed a strong quest for artistic ventures that his father collected his paintings and took them to his friend. The friend, Verrocchio, later admitted Leonardo into his workshop. The mainly revealed part of his childhood concerns a scary cave that he witnessed during his early adventures. This scene seems to be a basic part to the abstract painting that Leonardo obsessed. At fourteen years of age, Leonardo began attending workshop of a local painter (Kemp, 238). The local painter was known as Verrocchio and was deemed as the most successful in a state known as the republic of Florence. Apart from painting, Leonardo might have learnt about other skills such as carpentry. In addition, Leonardo explored other forms of art such as sculpting and drawing. Verrocchio was a vital influence on Leonardo since he collaborated with Leonardo in several works. Leonardo continued to work jointly with Verrocchio on notable works. At the workshop, Leonardo had refined and critical drawings that drew his contemporaries’ attention. However, he showed an early inclination towards painting. Leonardo

Managerial Applications of Technology (Ethical Hacking)2 Assignment

Managerial Applications of Technology (Ethical Hacking)2 - Assignment Example Hiring ethical hackers has some advantages such as one, a hacker will apply all their knowledge in succeeding to bypass the implemented security systems and upon succeeding, and the faults in the systems are discovered and secured. Again, it is safer to have a hacker working for an organization than against it (Saleem, 2006). This is so because in the second scenario, there are more chances of the organization being trespassed. On the contrary, hiring ethical workers may be detrimental in that say in a banking institution, a hacker may discover a fault which they can use to get more money than they earn, and betray the organization by stealing from it. This means that in the event that an ethical worker ignores the ethics, then the organization’s information is placed at risks (Conran, 2014). However, despite all this, it is important that management hires ethical hackers to verify the security of their systems since this protects them from malicious (black) hackers. The ethical hackers should be vetted for their ethical backgrounds, or be acquired from credible

Everybody Needs Somebody Essay Example for Free

Everybody Needs Somebody Essay Many people vacillate to commit themselves to marriage because of the responsibilities involved, but what does the word â€Å"marriage†, that so many desist from means. It’s the state of being united; body, soul and mind to a person of the opposite sex as husband or wife consensual and contractual relationship recognized by both the Lord and the law. Moreover, pledging your allegiance, promising to be there† for better or for worse, in sickness and in health..till death do us path†. A lot of individuals make the decision never to marry; there may be certain circumstances why they may feel that way. For example they may have had awful relationships in their past and of the opinion that their significant other will never be found or plainly the bulk just don’t want that type of commitment. Marriage has its advantages by the bountiful, so if you are in love and sure that you want to subsist the rest of your life with him/her, then unquestionably go ahead and walk down the aisle. I confidently disagree that being single is far more advantageous than being married. Marriage offers companionship. In a healthy marriage, you are never alone. Your spouse will always be there to lend a sympathetic ear. Sometimes, of course, your spouse might not be â€Å"actually† listening to you but it is better to talk to someone than being alone. Additionally, it’s satisfying to have someone you trust completely and love unconditionally to have stimulating conversation with. For instance to discuss ideas, major financial matters and practice your humor and simply want o be consoled at the end of the day. In the period 2008, research done in the USA showed that expressing your feeling, merely talking to your spouse and letting them know how you feel, reduces your chance of divorce, dishonesty and senseless arguments. As well, companionship offers support and can be particularly important at times of misfortune. Thus, the companionship that marriage offer beats being single any day. Marriage opens the gates to a rich social life. Basically by having a partner with you, you can have a social life that is not so readily or easily available for a single person. You can visit romantic places together or holiday together. You can spend meaningful quality time with each other also relaxing without any interruptions for a single person; it may be difficult because usually social life is geared around â€Å"couples†. Hence a single person can often be left out or sometimes just not invited. Although it may be true at times, that having children might seem to encumber your social life but really it brings a pulsating change in your social life also much of that life involves being with your children. Marriage puts a stamp of tolerability in society. Research reveals that married men/women have longer lifespan compared to single individuals. This can result in three points 1. Marriage stabilizers men and women this is so because, the need for multiple partners aren’t considered necessary when you are married besides you can be confident that your trustworthy spouse isn’t going to be adulterous 2. In the case of reducing stress, take for example raising a child, although many single parents do raise children successfully. It seems the stress is less when the tasks are shared with a partner.3. The point of being pleased. Many men/women get satisfied sexually by being married. This is so because by being intimate with someone you pledged your life to and love, you are contented both physically and mentally. Consequently, by having sexual relations when single your mate is random. This type of intimacy is fabricated and has no symbolic meaning. At such times having a marriage has its rewards over being single. As stated above marriage has its advantages, the ones mentioned are just a few to start with. Each marriage is of course different, but the connection that is shared among two married persons who have unexplained love, intimacy and forever commitment is extremely sacred. Being married, said by many people is about accepting a person for who they are, faults include. To be so dedicated and honorable that together you can overcome any type of ordeal life throws also learning to grow from those hardships. It’s about making sacrifices and putting your complete trust in your spouse. Knowing, they would refrain from temptation and be honest when it is needed. There are so many types of definitions that could be used to describe what marriage is nevertheless the one that really carries the most sentimental value is the one shared among married couples. It is forlorn that single people choose to remain unmarried, they may not the joy marriage brings to a person, but marriage is a privilege so why not make use of it.

Good cancer pain management can help patients feel better Essay Example for Free

Good cancer pain management can help patients feel better Essay Most cancer patients suffer from pain in varying degrees during their illness. The management of this pain and its relationship in improving the wellbeing of the patient is the primary focus of this study. This paper approached the study by researching articles that dealt with pain management from different angles. After critical analysis of these articles this paper will arrive at a conclusion that addresses the research question.   The topics reviewed included: 1. The use of a clinical instruction module (CLIM) for hospice nurses to upgrade their skills (Plymale, M. et al, 2001) 2. The role of cognition in promoting the psychological well being of the patient (Chen, Mei-Ling. 2002) 3. The use of pain management autobiographies to discover how best to deal with pain management (Schumacher, K. et al. 2001) 4. Overcoming patient related barriers to pain management by educating them (Chang, Ming-Chuan. 2002) 5. Providing a description of advanced cancer pain in home hospice subjects to enable the caregivers to alleviate their suffering (Dobratz, M. 2001) The material for this study was searched from the University of Wollongong database of Medline. The key words in the search for journal articles were nursing, research and cancer pain.   Articles were chosen for their relevance to the research question and the findings they came up with. Information that was obtained from these studies enabled the writer to draw important conclusions as concerns pain management in cancer patients with pain. The research is of extreme importance to the writer. I lost my husband to cancer. The trauma we all went through watching him in pain gave me a new impetus to do all in my power to ensure that no other patient will need to go through the same suffering as he did. As I continue to practice, I would like to contribute to breaking new ground in pain management in cancer patients; especially as concerns alleviating their pain and improving their quality of life. Article 1 In an article entitled ‘Cancer Pain Education: A Structured Clinical Instruction Module For Hospice Nurses’, appearing in the journal ‘Cancer Nursing ‘,Plymale M. et al (2001) studied the effect of pain education on the quality of service by caregivers. The research aimed to determine whether educating nurses on pain management will improve their ability to assess and manage pain in cancer patients. A clinical instruction module (CLIM) based on cancer pain management and assessment skills was administered to 25 hospice nurses whose average field practice was 4.1 years (Plymale M. et al. 2001, p. 424).The course involved the nurses going round 8 stations focussing on   different aspects of cancer pain, assessing 5 cancer survivors and one actor. They carried out tests on various aspects of pain management. Prior to and after the exercise the nurses self assessed their skills in pain management using a 5-point Likert scale ranging from 1(not competent) to 5(v ery competent). They also evaluated the CLIM on a similar scale. (1= strongly disagree; 5= strongly agree) All participants agreed that the course helped improve their competence in the teaching items that were being addressed. The use of patients with cancer was considered more beneficial as opposed to having actors. Nurses that felt competent enough before the course did not perceive any noticeable improvement in their abilities in the post exercise self assessment. This finding is consistent with the view that hospice nurses are more competent in dealing with cancer pain management than those nurses working in hospitals. Those who assessed themselves as not competent indicated a higher assessment of themselves after the course. In a further study conducted among post instruction medical students, those trained using a CLIM on pain management did better than those schooled it traditional methods. (Sloan P.A. et al., 2001, 112)     Ã‚  There is an urgent need to introduce CLIM’s addressing pain assessment and management in the teaching courses for all nurses and caregivers in a bid to improve their skills and service delivery. The more competent the nurses the better will be the treatment of patients in prolonging their lives and alleviating the pain they go through. A significant observation of this study is the competence level of hospice nurses was higher than that of their counterparts. It is advisable to seek their input in developing manuals and modules of this nature as they have first hand knowledge that is invaluable to this area of study. Article 2 ‘Pain And Hope in Patients with Cancer’, an article written by Chen, Mei-Ling and appearing in the journal ‘Cancer Nursing’ (2003) examines the relationship between pain and hope in cancer patients. Hope is a therapeutic factor in the treatment of any disease including cancer. Patients with high levels of hope coped better with the disease than did those who dwelt on the hopelessness of their situation. The hopeful patients on average tended to live longer and had extended periods of remission. This study had three main purposes; i. Examine the effect of disease status on hope levels among patients with cancer who have pain ii. Compare the level of hope between patients with cancer that have pain and those who do not iii. Determine which dimensions of pain are associated with hope (Chen, Mei-Ling. 2002, p.62) The conceptual framework for the study was based on the ‘self- regulation model of coping with health threats’. (Chen, Mei-Ling. 2002, p.62) The main emphasis is on how people cope with their health problems in their own unique ways. Personal beliefs, religious orientation, cultural practises and previous experiences all work to determine a patient’s attitude towards his illness.(Donavan, H.S., Ward, S., 2001, pp. 211 – 216) Any one of the factors mentioned will have a bearing on the hope levels of the individual. The study employed the use of the Herth Hope Index (HHI) to assess the level of hope. It sampled 274 inpatients with cancer at two medical centres in Taiwan. 226 of them finalised the survey and the analysis was based on their responses. The study used Perceived Meaning of Cancer Pain Inventory (PMCPI) to measure the meanings that patients ascribed to their pain. Four subscales were used and these were challenge, threat, spiritual awareness and loss. The findings showed that in cancer patients with pain and those without pain, the hope levels did not differ. However, sensory dimensions of pain showed a link between the bearable pain intensity and level of hope (Chen, Mei-Ling. 2002, p. 65) The findings supported the view that the hope levels in patients were higher in those who were able to tolerate more pain. Perception of one’s pain played an important role in the way one held on to hope. Those who viewed the pain as a challenge were more hopeful than those who took it from a negative perspective. In assessing one’s reaction to treatment, it is notable that the findings showed no difference in hope levels for those patients who were unsure of the effect of treatment and those who affirmed that the treatment was working positively.

Using Industry Average Multiples For Valuation Finance Essay

Using Industry Average Multiples For Valuation Finance Essay Valuation of equity shares of a company is an important exercise and is performed on multiple occasions, be it investment decision in a particular company, merger, acquisition, restructuring, public issue, etc. Using industry average multiple is a common practice, especially when an unlisted security is to be valued. The study looks at eight industries and attempts to derive (a) which is the most stable industry average multiple by using the statistical tool coefficient of variation and (b) which would be the most important financial performance parameter, which could be driving multiple of a particular security within the industry by using statistical tool of coefficient of correlation. Executive Summary A company will get valued/re-valued on multiple occasions such as raising capital, sale of business, swap of shares, issue of stock options, etc. Valuation of publicly traded securities is quite straightforward and often regulated for different events, while valuation of thinly traded or un-traded securities requires some special approaches. There are three main approaches to security valuation such as discounted cash flows, asset based valuation and comparables. Comparables are regarded as one of the most useful and practical method. Ideal approach within comparables is to find out a publicly traded company which is exactly like the company being valued and adopt an appropriate multiple as valuation metric. Finding such a company is a challenge. Even if a company is financially alike, many non-financial factors such as general market reputation, stock liquidity, etc. could be influenced its valuation of a particular stock. Experts often use industry average multiples to counter this anomaly. They could be used on a stand-alone basis or along-with a set of exact comparables. The articles analyses the concept of industry multiples in eight industries: Private sector banks, Public sector banks, General food processing, Agri Inputs, Edible Oil, Rice, Sugar, Plantations (tea, coffee, flowers) and Auto-components and tries to answer two questions: Which is the most appropriate industry average multiple? The criterion used is co-efficient of variation. Multiples used are Market Capitalisation (MCap) / Profit After Tax, Enterprise Value (EV) / Earnings Before Interest Taxes Depreciation and Ammortisation (EBITDA), MCap/Book Value, MCap/Sales Which factor is the major driver of a multiple in a particular industry? The author has calculated co-efficient of correlation between different multiples and factors like revenues, 5 year revenue growth, margins, total assets, provisions, Return on Equity (ROE), Net worth. EV/EBITDA was the most stable multiple followed by Mcap/PAT (similar to P/E ratio). Revenue, net-worth and margins were important drivers. Keywords: Industry average multiple, valuation, market capitalization, book value, coefficient of variation/correlation Background There are many situations wherein a company will get valued/re-valued such as raising capital, sale of business, swap of shares, issue of stock options, etc. While, valuation is easy and fairly regulated (SEBI, the regulator in India has defined how a security is to be valued for different purposes) for a publicly traded company, valuation of a thinly traded or un-traded securities requires some special approaches. At times, analysts also value a well-traded company to determine whether it is value fair or if there is any possible up-side. Different approaches to valuation are as described below: Comparables Asset Value EBITDA PAT Book Value Sales, etc. Equity Value DCF Figure 1 Different valuation methods Asset Value: Asset based approaches such as book value (asset less liabilities as reflected in books of accounts) and realizable value (market value of asset less liabilities) are more relevant when the company/vehicle is wound-up or dissolved in any manner. Discounted Cash Flow (Discounted Cash Flow to the Firm): Discounted cash flow is, theoretically, the best valuation method. The company calculates its projected financial performance. These projections and their assumptions are vetted against market factors, expert opinions. Once the parties are confident with projections, cash flows of the company (called Cash Flow to the Firm) are calculated as follows: EBIT X (1-Tax Rate) Less Working Capital Changes Less Capital Expenditure Add Depreciation. An important component of DCF based valuation is the Terminal Value. Last year in the projection period is capitalized as: Cash flow in terminal year X (1+ perennial growth rate) / (WACC perennial growth rate). This is again discounted to calculate present value of terminal cash flow. This approach is well recognized, but is not widely used due to the following limitations: The model involves a number of assumptions (i) Entire set of assumptions going into calculation of financial projections, (ii) Market risk premium, (iii) Long term growth rate, etc. which makes it very subjective. The method does not work with firms which have un-utilised assets, are in the process of re-structuring, which do not have positive operating cash flows, etc. Comparables: One of the most preferred methods of valuing a company is comparing it with a publicly traded company of similar nature called relative valuation. It is also the most intuitive method we practice it in pricing almost everything real estate, items of daily usage, etc. In relative valuation, the value of an asset is derived from the pricing of comparable assets, standardized using a common variable such as earnings, cash flows, book value or revenues. (Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, by Ashwath Damodaran, Wiley Finance) A publicly traded peer is identified and compared to the company under consideration in terms of various valuation parameters like Price to Earnings, Price to Book, Price to Sales, Enterprise Value / EBITDA which ever is applicable and accordingly the value of the company/security under consideration can be calculated, e.g. If a comparable company is traded at 15 times its earnings, the earnings of the company under consideration are multiplied by 15 to calculate its value. The approach is fairly simple, however, the challenge lies in finding an exact comparable. There can be many differentiating factors, and some of them could be quite stark. The pricing of the publicly traded peer would also be influenced by many non-objective factors like: general market perception, promoter reputation, adverse market rumors, low liquidity in specific stock, low level of public holding, etc. In light of these, many analysts and industry experts use industry-average multiples, on a stand-alone basis as well as to moderate/rationalize multiples of an individual or group of comparables. This brings us to the questions which the article intends to ponder over: Which bench-mark should be used? Every industry has two or three popular benchmarks, which appropriately capture financial and operative strengths, such as the tea gardens are valued at certain times of their sales, so are football clubs. Manufacturing industries are valued at certain time of their EBITDA or PAT as the case may be. However, if an industry average is to be used, high degree of variability in the multiple will compromise its reliability. Another question is what drives a companys valuation. The range in multiples in many industries tends to be quite high. Some tangible financial factor could be an important driver/differentiator for a company. Which would be the driver in a particular industry? The article attempts to answer these questions via an exercise on 214 companies in 8 different industries. The author has: Chosen 8 industries based on his past work experience Selected different publicly listed companies in each industry Derived their multiples and financial parameters from various databases Checked the variability of industry averages of multiples by using the statistical tool co-efficient of variation to answer the first question (most reliable benchmark) Run correlation between a particular industry relevant bench-mark such as 5 year growth, margins, etc. and the multiple e.g. correlation between P/E ratios and book size in banking industry to answer the second question. The breakup of companies across industries is as follows: Table 1 Sectors and number of companies used in analysis Industry No of companies Private sector banks 14 Public sector banks 23 General food processing 16 Agri Inputs 8 Edible Oil 17 Rice 7 Sugar 17 Plantations (tea, coffee, flowers) 17 Auto-components 85 Total 214 The following multiples were used: Market Capitalisation (MCap) / Profit After Tax, Enterprise Value (EV) / Earnings Before Interest Taxes Depreciation and Ammortisation (EBITDA), MCap/Book Value, MCap/Sales. Mcap/PAT is similar to more commonly used Price to Earnings per share (P/E), and Mcap/Book Value is similar to Price to Book value per share (P/B). The following financial performance parameters were selected for analysis: Revenues of latest available financial year, 5 year revenue growth, margins (PAT margin for banks and EBITDA margins for others), total assets, provisions, Return on Equity (ROE), Net worth Analysis Private Sector Banks The following banks were analysed within private sector banks: HDFC Bank Ltd., ICICI Bank Limited, Axis Bank Limited, IndusInd Bank Limited, Yes Bank Ltd, Federal Bank Limited, ING Vysya Bank Limited, The Jammu Kashmir Bank Limited, Karur Vysya Bank Ltd., South Indian Bank Limited, City Union Bank Ltd., Karnataka Bank Ltd, Development Credit Bank Ltd., Lakshmi Vilas Bank Limited. Table 2 Results of private sector banks Banks (private) Multiple Parameter Mcap/PAT Mcap/Assets Mcap/Sales Mcap/Book Value Mean 8.40 0.09 0.88 1.19 StdEv 5.43 0.08 0.82 0.93 Coeff of Variation 0.65 0.99 0.93 0.78 Correlation between multiple parameter Revenue 0.10 0.08 0.09 0.09 Past 5 year growth 0.20 0.34 0.36 0.48 Margin 0.32 0.59 0.61 0.63 Total Assets 0.07 0.06 0.06 0.07 Provisions -0.05 -0.10 -0.09 -0.07 ROE 0.01 0.32 0.34 0.43 Net Worth 0.18 0.18 0.18 0.16 MCap/PAT, similar to Price to Earnings showed maximum stability. Margin (calculated as PAT/Revenue) showed maximum correlation with MCap/PAT, followed by high growth rate. The MCap/Book value Price to Book in popular parlance and Return On Equity showed the maximum correlation across all multiples and parameters. Margin and ROE showed maximum correlation with MCap/PAT. Public Sector Banks Public sector banks tend to have different operating objectives and are often valued differently compared to private sector banks. Mcap/PAT of public sector banks is 5.41 v/s 8.40 as observed in private sector banks. The following public sector banks were analysed: Indian Overseas Bank, Andhra Bank, Corporation Bank, Central Bank Of India, UCO Bank, Dena Bank, Bank of Maharashtra, State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Mysore, United Bank of India, Punjab Sind Bank. Table 3 Results of public sector banks Banks (public) Multiple Parameter Mcap/PAT Mcap/Assets Mcap/Sales Mcap/Book Value Mean 5.41 0.04 0.45 0.69 StdEv 1.36 0.01 0.15 0.16 Coeff of Variation 0.25 0.29 0.32 0.23 Correlation between multiple parameter Revenue 0.34 0.61 0.65 0.60 Past 5 year growth -0.05 0.12 0.13 0.07 Margin -0.46 0.79 0.81 0.76 Total Assets 0.31 0.62 0.70 0.63 Provisions 0.44 0.51 0.50 0.46 ROE -0.64 0.57 0.57 0.69 Net Worth 0.29 0.70 0.75 0.65 Public sector banks showed a different trend in variability of multiples. The book value multiple seems to show the least variation around mean as compared to Mcap/PAT observed in private banks. Within the book value multiple, margins show the highest correlation of 0.76 followed by ROE, 0.69. Food processing Food processing falls into manufacturing domain. EV/EBITDA multiple is introduced in place of the Total Assets multiple is relevant to the banking and NBFC company wherein income is primarily driven by book size. EV/EBITDA is one of the most popular multiples in manufacturing sector. It captures the operating strength of a company (EBITDA) v/s Enterprise Value. Enterprise value is a debt and cash neutral metric, calculated by Market Capitalisation + Debt Cash. Table 4 Results of food processing (general) Food Processing Multiple Parameter Mcap/PAT EV/EBITDA Mcap/Sales Mcap/Book Value Mean 18.50 9.39 0.97 4.21 StdEv 14.09 6.64 1.61 7.36 Coeff of Variation 0.76 0.71 1.65 1.75 Correlation between multiple parameter Revenue 0.39 0.64 0.49 0.75 Past 5 year growth -0.34 -0.27 -0.17 -0.14 EBITDA Margin 0.02 0.20 0.57 0.26 ROE 0.50 0.80 0.75 0.90 Net Worth 0.06 0.31 0.34 0.34 EV/EBITDA shows the lowest variation around mean (0.71). ROE is the most important driver for this multiple (0.8 correlation), followed by revenue. The following companies were considered for analysis in food processing: Hatson Agro Products REI Agro, Heritage Foods, KSE Limited, Nestle India Ltd., Glaxo SmithKline, Britannia Industries, Zydus Wellness, DFM Foods Ltd., Vadilal Industries, Himalya International, ADF Foods, Anik Industries, Srinivasa Hatcheries, Flex Foods, Bambino Agro, Foods and Inns, Tasty Bite Eatables, Freshtrop Fruits, Temptation Foods, Chordia Food Products. Vadilal Enterprises, Sita Shree Food Products, Simran Farms, Venkys (India), Waterbase. The companies belonged to multiple sub-sectors like dairy, poultry, consumer goods, ice creams, frozen food, etc . Agri Inputs Agri inputs included seed, special fertilizers and some special input companies in food processing industries. The larger fertilizer companies, which fall more into chemicals domain were not considered. The following companies were anlysed: Sukhjit Starch Chemicals, Narmada Gelatines, Sakuma Exports, Vidhi Dyestuffs, Saboo Sodium Chloro, Kaveri Seed, Advanta India, Basant Agro Tech. In agri inputs also, EV/EBITDA showed maximum stability, followed by MCap/PAT. EBITDA margin showed highest correlation with EV/EBITDA. Table 5 Results of specialised agri inputs Agri Input Multiple Parameter Mcap/PAT EV/EBITDA Mcap/Sales Mcap/Book Value Mean 11.27 8.53 0.98 1.68 StdEv 9.64 5.11 1.28 1.87 Coeff of Variation 0.86 0.60 1.30 1.11 Correlation between multiple parameter Revenue -0.36 0.25 0.04 0.11 Past 5 year growth -0.18 0.25 0.26 0.40 EBITDA Margin -0.88 -0.08 0.71 0.11 ROE 0.02 -0.03 0.40 0.48 Net Worth 0.33 0.66 0.48 0.53 Edible Oil: Edible oil is a special segment within food processing. The sector is characterized by high level of imports, benchmarking with international prices, low regulations compared to commodities like rice and pulses, etc. The following companies were anlysed: Ruchi Soya Industries, Sanwaria Agro Oils, Rasoya Proteins, Gujarat Ambuja Exports, Jayant Agro-Organics, JVL Agro Industries, Vippy Industries Limited, Vimal Oil Foods, Raj Oil Mills, BCL Industries, Hind Industries, Kriti Nutrients, Vijay Solvex, Sam Industries, Modi Naturals, Natraj Proteins, Poona Dal Oil Industries Table 6 Results of edible oil Edible Oil Multiple Parameter Mcap/PAT EV/EBITDA Mcap/Sales Mcap/Book Value Mean 11.10 6.43 0.21 1.53 StdEv 9.77 4.18 0.27 2.20 Coeff of Variation 0.88 0.65 1.31 1.44 Correlation between multiple parameter Revenue 0.43 -0.12 -0.12 -0.03 Past 5 year growth -0.28 -0.36 0.99 -0.20 EBITDA Margin -0.01 -0.03 0.51 0.16 ROE -0.20 -0.12 0.58 0.61 Net Worth 0.38 -0.14 -0.11 -0.04 EV/EBITDA showed the maximum stability, however, none of the parameters showed any reasonable correlation with the parameter. EV/EBITDA was followed by Mcap/PAT with 0.88 coefficient of variation. This factor showed relatively higher correlation with revenue followed by Net Worth. Rice Rice is also a typical sector within food processing. Most of the publicly traded rice companies have focused on basmati rice. Basmati is a famous variety of aromatic rice and has large export market in the middle east, Europe and US. The following companies were analysed: Khushi Ram Behari La, Usher Agro, LT Food, Lakshmi Energy and Foods, Emmsons International, Chaman Lal Setia Exports, GRM Overseas. The sector showed better stability of Mcap/PAT followed by Mcap/Book Value. Within Mcap/PAT EBITDA margin showed the highest correlation at 0.86. Table 7 Results of rice Rice Multiple Parameter Mcap/PAT EV/EBITDA Mcap/Sales Mcap/Book Value Mean 6.12 7.94 0.16 0.68 StdEv 2.27 3.95 0.13 0.30 Coeff of Variation 0.37 0.50 0.83 0.44 Correlation between multiple parameter Revenue 0.42 0.68 0.16 0.17 Past 5 year growth -0.70 0.47 -0.92 -0.98 EBITDA Margin 0.86 -0.60 0.59 -0.25 ROE -0.77 0.12 0.11 0.73 Net Worth 1.00 -0.17 0.55 -0.30 Sugar: Sugar is one of the largest organized sectors in agri processing. The sector has many large companies like Renuka Sugars, Bajaj Hindustan, etc. The sector also has some typical features like minimum procurement price, cyclical production, concentrated production in Asia and South America, etc. The following companies were analysed: E.I.D. Parry, Bajaj Hindusthan, Bannari Amman Sugars, Triveni Engineering, Andhra Sugars, Dhampur Sugar Mills, KCP Sugar, Ponni Sugars (Erode), Ugar Sugar Works, Dalmia Bharat Sugar, Thiru Arooran Sugars, Sri Chamundeswari, Piccadily Agro, Vishnu Sugar Mills, Kesar Enterprises, Piccadily Sugars, Indian Sucrose EV/EBITDA showed lowest co-efficient of variation (0.44). The multiple showed highest correlation with net worth, followed by revenue. Table 8 Results of sugar Sugar Multiple Parameter Mcap/PAT EV/EBITDA Mcap/Sales Mcap/Book Value Mean 14.38 6.90 0.35 0.80 StdEv 14.79 3.07 0.20 0.39 Coeff of Variation 1.03 0.44 0.56 0.48 Correlation between multiple parameter Revenue -0.01 0.20 0.00 0.19 Past 5 year growth -0.26 -0.04 -0.42 0.23 EBITDA Margin -0.51 -0.43 0.49 0.18 ROE -0.65 -0.69 0.44 0.61 Net Worth -0.01 0.44 0.08 0.01 Plantations Tea and Coffee are another specialized area in agri and food industries. The sector has stakes of many large FMCG companies like Tata Tea, Unilever, etc. This sector also has special policies, farming conditions, competitive factors. For the purpose of this analysis, flowers have also been analysed together with tea and coffee. The following companies for part of this analysis: Karuturi Global, Neha International, Pochiraju Industries, Tata Global Beverage, McLeod Russel India, Tata Coffee, CCL Products India, Warren Tea, Dhunseri Petrochem, Goodricke Group, Jayshree Tea, Assam Company India, Harrisons Malayalam, Russell India, United Nilgiri Tea, Joonktollee Tea, Diana Tea. Here also, EV/EBITDA showed minimum coefficient of variation, followed by Mcap/Sales. Revenue and net worth showed the highest correlation with EV/EBITDA. Table 9 Results of plantation (tea, coffee, flowers) Plantation (tea, coffee flowers) Multiple Parameter Mcap/PAT EV/EBITDA Mcap/Sales Mcap/Book Value Mean 15.17 9.60 1.09 1.13 StdEv 13.19 5.70 0.81 0.87 Coeff of Variation 0.87 0.59 0.75 0.76 Correlation between multiple parameter Revenue 0.22 0.33 0.09 0.27 Past 5 year growth -0.47 -0.38 -0.19 -0.43 EBITDA Margin -0.34 -0.42 0.20 -0.11 ROE -0.37 -0.27 0.20 0.54 Net Worth 0.18 0.29 0.16 0.21 Auto components Auto components industry comprises of a large number of specialized players focusing on different segments of auto industry. Major segments and their composition in total industry size are: Engine parts 31% Drive transmission and steering parts 19% Body and Chassis 12% Suspension and braking parts 12% Equipments 10% Electrical parts 9% Miscellaneous 7% The industry is estimated at USD 43.5 billion in FY 2011-12. (Auto Components Manufacturers Association of India) The following companies were anlaysed in the industry: Bosch, Cummins India, Exide Industries, Motherson Sumi Systems, WABCO, Amtek India, Kirloskar, Amtek Auto Limited, Federal-Mogul, Sundram Fasteners, Wheels India, Shanthi Gears, NRB Bearings, Automotive Axles, Mahindra Forgings, Commercial Engineers, Banco Products, Jamna Auto Industries, Fairfield Atlas, Gabriel India, Lumax Industries, Sundaram-Clayton, India Motor Parts, Saint-Gobain, Steel Strips Wheels, Setco Automotive, Minda Industries, Suprajit Engineering, Rane Holdings, ZF Steering Gear, Munjal Showa, Sona Koyo Steering, Munjal Auto, Lumax Auto Technology, Autoline Industries, India Nippon, FIEM Industries, L. G. Balakrishnan, Subros, Pricol, Hindustan Composites, Ucal Fuel Systems, Rane Madras, Rico Auto Industries, Jay Bharat Maruti, Shivam Autotech, Omax Autos, IST, Bimetal Bearings, Rane Engine Valves, REIL Electricals, Rane Brake Lining, Precision Pipes, Automotive Stampings, Harita Seating, JMT Auto, Alicon Castalloy, JBM Auto, Bharat Gears, Menon Pistons, Talbros Automotive, Triton Valves, Aunde India, Clutch Auto, Pix Transmissions, Bharat Seats, Lakshmi Precision, Menon Bearings, Simmonds Marshall, Kar Mobiles, IP Rings, Jay Ushin, Gujarat Automotive, Competent Automobile, Lumax Automotive Systems, Autolite India, ANG Industries, Hindustan Hardy, Raunaq Automotive, Remsons Industries, Porwall Auto Components, Spectra Industries, Kew Industries, Jagan Lamps, Coventry Coil-O Matic. In this industry again, EV/EBITDA is the most stable multiple. EV/EBITDA shows maximum correlation with revenue and net-worth. Table 10 Results of auto-components Auto Components Multiple Parameter Mcap/PAT EV/EBITDA Mcap/Sales Mcap/Book Value Mean 12.47 6.04 0.67 1.62 StdEv 13.09 4.65 0.93 1.67 Coeff of Variation 1.05 0.77 1.40 1.03 Correlation between multiple parameter Revenue 0.19 0.35 0.18 0.31 Past 5 year growth -0.04 0.05 -0.05 0.09 EBITDA Margin 0.03 0.06 0.47 0.12 ROE -0.31 0.04 0.21 0.45 Net Worth 0.13 0.35 0.30 0.24 Inferences: The most stable multiples across different industries and their respective coefficients of correlations with different financial parameters were as follows: Table 11 Summary of trends Coefficient of variation Correlation Industry Co-efficient of Variation Multiple Highest Correlation Second highest Correlation Private sector banks 0.65 MCAP/PAT Margin 0.32 Past 5 year growth 0.20 Public sector banks 0.23 P/B Margin 0.76 ROE 0.69 General food processing 0.71 EV/EBITDA ROE 0.80 Revenue 0.64 Agri Inputs 0.60 EV/EBITDA Net worth 0.66 Revenue 0.25 Edible Oil 0.88 MCAP/PAT Revenue 0.43 Net worth 0.38 Rice 0.37 MCAP/PAT Net worth 1.00 EBITDA margin 0.86 Sugar 0.44 EV/EBITDA Net worth 0.44 Revenue 0.20 Plantations (tea, coffee, flowers) 0.59 EV/EBITDA Revenue 0.33 Revenue 0.29 Auto-components 0.77 EV/EBITDA Revenue 0.35 Revenue 0.35 *In edible oil, lower coefficient was observed in EV/EBITDA. P/E was chosen because EV/EBITDA showed no correlation with any of the parameters studied. Co-efficient of variation was minimum in public sector banks and highest in auto-components. Industry multiple of public sector banks, hence, stands as the most reliable industry multiple among the industries observed. The co-efficient would be high if there is considerable heterogeneity within the industry in terms of size, profitability, product portfolio, promoter background, etc. Earnings based multiples EV/EBITDA and P/E showed minimum coefficient of variation in all industries, except public sector banks, which showed Mcap to Book Value as the most stable multiple. Considering the correlations observed with the most stable multiple, we can infer that: net margins are the main drivers of multiples in banks (both public and private) among the parameters observed, ROE was most influential in food processing and edible oil plantations and auto-components seem to be driven by revenue vis-Ã  -vis other parameters observed and agri inputs, rice and sugar were influenced by net-worth of respective companies. The following table shows the maximum correlation observed in a particular industry. Table 12 Maximum correlations across industries Industry Maximum Correlation Relationships Private sector banks 0.63 ROE and Mcap/Book Value Public sector banks 0.81 PAT Margin and Mcap/Book Value General food processing 0.90 ROE and Mcap/Book Value Agri Inputs 0.71 EBITDA margin and Mcap/Sales Edible Oil 0.99 5 year growth and Mcap/Sales Rice 1.00 Net-worth and Mcap/PAT Sugar 0.61 ROE and Mcap/Book Value Plantations (tea, coffee, flowers) 0.54 ROE and Mcap/Book Value Auto-components 0.47 EBITDA margin and Mcap/Sales ROE and Mcap/Book Value showed highest correlation in four out of nine industries, followed by EBITDA margin and Mcap/Sales. The results were quite intuitive a company generating higher returns on invested capital (ROE), or a company operating at a higher margin should be valued more than its peers. Table 13 Results of general correlation analysis Parameter Mcap/PAT

Drive a Car, Not a Cell Phone Essay -- Driving Mobile Phone Use

â€Å"When a driver ‘talks and drives’ they are not only putting themselves at risk, they are also putting everyone around them in a dangerous situation† (ComparisonMarket.com). A study conducted last year by the Virginia Tech Transportation Institute, had cameras placed inside one hundred cars and trucks to track drivers' activities before a dangerous event occurred. Research shows users of cell phones while driving caused far more crashes and near misses than non-users. These statistics do not change even if the hand held device becomes hands free by means of a blue tooth or speaker phone. Hands-free cell phones may allow the driver to keep both hands on the wheel however, devices such as headsets or voice activated dialing led to longer dialing times causing the same level of driver distraction. Even though a study released by the Insurance Institute for Highway Safety claims bans on handheld cell phones in many states seem to have had no impact on accident ra tes, drivers still should not use a hand held phone while driving in the car because car accidents associated with hand held phone use account for nearly three hundred deaths per year showing cell phone users are four times as likely to get into an automobile accident serious enough to cause injury. University of Utah psychologists have published a study which highlights drivers talking on handheld or hands-free cellular phones as being impaired on the same level as drunken drivers. In this study each of the tests subjects drove in a driving simulator four times; once each while completely undistracted, using a handheld device, using a hands-free device, and intoxicated with vodka and orange juice up to the legal limit of .08. The simulation had the participants following a ... ...icleid=43812. Jaffe, Eric. "Driving While Texting: As Bad as Drunk Driving, Says Study." The Infrastucturist. The Infrastructurist, 05 Oct 2010. Web. 22 Nov 2010. http://www.infrastructurist.com/2010/10/05/driving-while-texting-as-bad-as-drunk-driving-says-study/ Langer, Gary. "Hands Off! Public Backs Ban on Hand-Held Cell Phones in Cars." abcnews. ABCNEWS Internet Ventures, 22 May 2010. Web. 20 Nov 2010. http://abcnews.go.com/sections/us/dailynews/poll_cellphone010522.html LeBeau, Phil. "Want to Stop Texting and Driving? Why Not Jam Cell Phones?" cnbc. CNBC, Inc, 30 Sep 2009. Web. 22 Nov 2010. http://www.cnbc.com/id/33090526/Want_to_Stop_Texting_and_Driving_Why_Not_Jam_Cell_Phones. Sedgwick, David. "Study Shows Banning Cell Phones In Cars Doesn't Work." AOL Autos. AOL Inc, 29 Jan 2010. Web. 20 Nov 2010. http://autos.aol.com/article/cell-phone-ban-study/.

Teaching Philosophy Statement :: Philosophy of Education Teachers Essays

Teaching Philosophy Statement I believe that the best way to gain knowledge is through experiences that we encounter in everyday life. It is for this reason that I know what I know today. This is why I feel that progressivism is an excellent teaching philosophy, and why I will be instructing my classroom with its’ principles. I will not however, rule out book work and studying from the text book. I just believe that students learn best through interaction with each other, books, and other non-traditional sources. I chose to become an educator because I want to inspire the students to get the most life has to offer and to be the one that my students can turn to with their problems. Whether it be with the curriculum, family, bullies, or any other troubles that they may find themselves in. Since I am studying to teach general sciences, I feel there is no better way for the students to learn than through the application of pragmatism. Let the students ask questions and solve them in their own way, because I feel that not everyone learns the same way. This is a simple idea, if I want to know if something will work in a particular way, or find out why it works the way it does I should justly simply test it. Through this method I feel the students will spark an interest with what is being instructed to them in the classroom and look forward to coming into a positive and lively environment, where they know that what they are doing is fun and the only one that is benefitting from this experience are themselves. I want to scaffold my students from what they’ve already learned and apply it to new ideas to further their knowledge. The world is not moving backwards, and the children need to have a good grasp on what is happening in the world around them and how they can get into the shuffle. As a teacher I plan for my students to learn through fun and interesting methods that will push them to question, why or how is this the way it is?

Growing Up In A Single-Parent Family Essay -- Single Parent Family Pap

Growing Up In A Single-Parent Family With the divorce rate as high as it is, more and more children are growing up in single-parent families. Ideally, it is better for children to live with their mom and dad happily married; however, children who grow up in single-parent households can still be well- adjusted children, teenagers, and adults. Although there are always exceptions to every rule, for the most part, children who grow up in single-parent working households are more mature, realistic and independent. First, in a single-parent working family, children tend to be more mature. The children are more mature because they often have to be responsible for themselves. For example, if their mom or dad has to work late, or if they work evenings, the children are in control of when to do their homework or even in some cases when to go to bed. Also, children in this environment or situation sometimes have to be responsible for taking care of their brother, sister or other close relatives. For example, they have to be re...

Monopoly †economics Essay

?I consider the case of Qualcomm faces antitrust probe in china. Qualcomm Incorporated is an American global fabless semiconductor company that designs, manufactures and markets digital wireless telecommunications products and services. In the article it states that Qualcomm is the world’s biggest makers of cellar phone chips so they wanted to merge companies with china due to the potential market growth china has compared to the United States. So the speculation of this deal is that the company in china and qualcomm plan to do a launch of TD-LTE by early 2014. This causing an issue simply because it seems as though they broke the antitrust violations; in the article it does not say what violation it is but my thought from reading it would be the Celler-Kefauver Act which states that the Clayton Act, Section 7, which prohibits a firm from merging with a competing firm (and thereby lessening competition) by acquiring its stock. The issue seems to the rise of a company in which other companies would suffer from the merge taking down competitions and so forth. From the article we can tell that with any company trying to succeed in the business world especially a company that makes cellphone chips comes into a merger with china then the production and economic profits is unimaginable. China is one of the world’s leading productions in products worldwide now combing that with the cell phone chip makers, no other company would dare go against them or even try to keep with the company. The Marginal Revenue or Marginal Cost will skyrocket in competition. If the merger occurs it would call a Deadweight Loss to Society meaning that the costs to society created by market inefficiency and loss occur when supply and demand are not in equilibrium. Did not formally state why the company was being investigated but some say it is because of an attempt to gain leverage in royalty negotiations with Qualcomm ahead of the expected rollout of new 4G wireless infrastructure in 2014. The probe coincides with a recent surge of investigations into large foreign corporations that are currently operating in China, with speculation by market analysts that the move has been instigated to advantage domestic firms as markets shift toward a new generation of wireless technology. Some Pecuniary associated with the antitrust behavior is: Preparing major move to 4G wireless technology, merging of Qualcomm and china mobile, Asian smartphone makers has also emerged to help meet demand for low end handsets, pushing for local technology suppliers to increase revenue. Some. Nonpecuniary associated with the antitrust behavior is: Chip making for low cost phones Monopolies and oligopolies are not always bad for society. â€Å"A monopoly, as many people know, is a market condition in which only one vendor (usually a large corporation) is in play. There may be other somewhat similar businesses, but a monopoly exists when only one business or individual can provide a product or service. In an oligopoly, the product or service may be available from more than one vendor or merchant, but only a few big players dominate the market and make competition very difficult for new entries in the field. Examples of monopolies are difficult to produce, as federal antitrust regulations prohibit monopolistic market conditions in the United States. Regardless of legal issues, though, monopolies do exist, primarily in the utilities market. Electricity, for example, is generally available from only one â€Å"electric company† in any given market. Water and cable television are equally exclusive. During the 1990s, Microsoft commanded such a large portion of the computer operating system environment, and demonstrated such a propensity to absorb upstart competitors, that it was believed to be a monopoly as well. Examples of oligopolies are considerably more plentiful. The automotive industry, for example, has many competitors but is dominated by General Motors, Ford, Chrysler, Honda, and Toyota. Breakfast cereal is also such an excellent example of oligopoly that it is often used in teaching the concept to Junior Achievement students; while the market is open to many competitors, almost all breakfast cereal — in the United States, at least — is manufactured by General Mills, Post or Kellogg. † An example of industry (where monopoly is warranted and is beneficial for the society) is electricity distribution industry. It is a natural monopoly industry because it involves large fixed costs and there are economies of scale over the entire significant range of output. In such industry, there is huge cost advantage if only one firm is operating but if there is more than one firm, cost will rise and consumers will have bear burden of this increased cost in the form of increased price. So allowing monopoly in such industry may actually benefit the society. Reference Mukherjee, S. , Alawadhi, N. , (2013, November 25) Reuters, Retrieved from http://www. reuters. com/article/2013/11/25/us-qualcomm-china-idUSBRE9AO0E.

Gilgamesh: Hero or not?

A hero is someone of distinguished courage or ability, admired for his or her bravery. Giglamesh is the king of Uruk who may or may not have existed. Many people question if Giglamesh was a hero or not; what do you think? Stories told that the king slept with all the women and took away children from their families. Does that sound like a hero to you? Enkidu who comes to life in the wilderness, he is covered with shaggy, wild like the wilderness, hair. He eats and drinks with the animals.Enkidu is spotted by trapper realeasing animals in Mesopotamia; the trapper is dumbfounded by Enkidu’s presents and goes to Uruk to find Giglamesh. The harlot seduces Enkidu and the animals reject him and he is lured into civilization. Enkidu hears how Giglamesh is a terrible ruler and he wants to challenge him; Giglamesh throws Enkidu who loses his anger and recognizes Giglamesh as a true king and they embraced and became best friends. Giglamesh is not a hero figure! People cannot sleep with every woman in the town and think that the can be considered a â€Å"hero†.Nowadays if Giglamesh was to sleep with every woman in the town while you had a wife that would be frowned upon in the civilization. Taking people’s children is even worse! How would you feel if someone just deliberately came and took your child from your house without your consent? In my eyes that is far from hero material. Giglamesh is a horrific king, exhausting his people with wall building and womanizing. The gods finally take action and make Enkidu create a balance. Also Giglamesh forces all inhabitants to work for him building walls and temples.Enkidu and Giglamesh upset the world order by destroying sacred monsters of nature; Giglamesh killed humbaba and Enkidu killed the Bull of Heaven. Therefore, one of them must die Enkidu takes full responsibility of dying for both of them. The king is finally left without a friend and only responsible for living well and building walls. The story of Giglamesh survived thousands of years because it was written on clay with a set of symbols we call cuneiform. Clay is the cheapest, and most durable writing material.Also another reason of ancient Mesopotamian texts is very difficult to learn. The story of Giglamesh was written on twelve tablets the story told us about Giglamesh’s life and his strive for immortality are told on eleven of the twelve tablets. The twelfth tablet is about the Nether world in which Giglamesh rules after his death. I think his society viewed him as a hero because they lived in fear. Fear of being his slave for the rest of their lives. Fear of having their children taken away from them.Our society definitely has â€Å"hero’s† such as Giglamesh but we call them rapist and kidnappers. Uruk citizens lived in fear of being overruled by their ruler if they didn’t oblige to the king. After tons of research I have found that Giglamesh may have been a warrior but a hero that is a ficti onal statement. I think Giglamesh was a cruel and horrific man. In my research Giglamesh was a very greedy person and unfit for a king. In conclusion Giglamesh was considered a hero to Uruk’s citizens but that was only because they feared him. Giglamesh is not a hero!

Coffee †Espresso Essay

Coffee shop is one of the best places with an aura indirectly leading to soothing and meaningful conversations. It serves as a venue for personal and social business transactions. It is also a quite place to merely sit down and relax leaving voluminous loads on couches while taking a sip of everyone’s all time favourite, a cup of coffee. Never is it foreign that drinking coffee is by no means new to Filipino taste. In a manner of serving, at home, it is served during meal times while in the office, whether employees are time pressed or not, they always settle over a hot cup of coffee. The pleasure of drinking coffee sparks new creative blends for every coffee aficionado. With best technology ever, these blends are much easier to make for easy and affordable access to coffee lovers and to new ones. Clearly attributable to such coffee shops prestige is the good consumer demand. Increasingly, Filipino consumers are settling for a good coffee instead of alcohol on a night out. Coffee shops have become a status symbol for younger consumers and working people find these specialty coffee shops to be convenient places for afternoon business meetings. Region 12 is slowly taking the curve of global competition, with this, it is expected that its populaces join the bandwagon of total lifestyle change. Alongside of the changes, coffee turned out to be not just a typical beverage at home but a comparative substitute to other drinks offered in the market. Indeed, coffee shops’ coming into light offering coffee lovers their best products is quite a venture. EXECUTIVE SUMMARY EXECUTIVE SUMMARY Industry Background Coffee Cocktail House (C2H) is a coffee industry. Coffee was the second world’s legally traded commodity. There are an estimated 25 million coffee growers around the world that are mostly small-scale farmers. Our country has two most prevalent varieties of coffee—Arabica and robusta. Other varieties are excelsa and liberica. In where the robusta accounts for 75% of the country’s total production, Arabica acconts for 5-10%, and excelsa and liberica accounts 15-20% according to statistics from the International Coffee Organization. It is estimated that around 300,000 Filipinos depend on the coffee industry. According to reports, coffee consumptions continue to increase. Experts predict that the level of consumption will follow population growth. Domestic consumption will also increase by 2. 25% per year. However, coffee production is hindered by the following factors: poor technical knowledge of the farmers in coffee growing and lack of farm-to-market roads to transport the harvested beans, and also old coffee trees also contribute to poor production. The government agencies such as the Department of Agriculture (DA), Department of Trade and Industry, and even the local government put up financial to conduct a skills training/seminar in Ifugao because coffee industry is considered as a priority for the province. Name of the enterprise: As for the product name, we have come up for the product name that can describe one of our special coffees. We have applied the name in Securities and Exchange Commission (SEC) and it was not found that it was not yet used by any other business entity yet. Business Name: Coffee Cocktail House USP: Great Taste Happens. Vision Coffee Cocktail House vision is to be the leader in the Cafeteria industry, building strong customer loyalty and customer satisfaction. We are certified quality coffee shop at a reasonable price of products, in a comfortable atmosphere, with exceptional service. Mission Coffee Cocktail House is established with the idea of promoting good relationships while sharing delicious and healthful coffee. It is committed to offer high quality products with the finest ingredients available, innovated, unique and exceptional taste with additional flavours that suits for the ultimate wants of the consumers. Location Coffee Cocktail House (C2H) will be located at the ground floor of the Fort Strip, Katipunan Circle, Fort Bonifacio Global City, Metro Manila, Taguig City, because it is one of the busiest places in Metro Manila and there’s an opportunity that we will get on the location. The location is highly accessible and visible for those who work beside the building and passers-by. The shop will be placed where there is several establishments such as mall, schools, call centers, business offices, and condominiums. Brief Description of the Project For our new business idea, our group have all concurred and agreed the best way to go about developing new concepts and ideas is nonetheless the one that complete the day of a human—coffee. So we decided to on putting-up our own coffee shop. Indeed, and furthermore, we have considered what kind of beverage that we could possibly develop by means of reinventing its taste, by making it more nutritious and ultimately breaking the way people look at it. Then it came to an idea of redesigning a kind of beverage that has been branded as traditional and existing since time immemorial, and also it must be a kind of beverage that people will love and like as well. Instead of doing a coffee alone, we came up to an idea of mixing coffee and alcohol. We arrived in this idea because some call center agents want to drink alcohol but we mix coffee on it for them to avoid drowsiness. We also consider some of the Filipinos are health conscious that’s why we came up to an idea on creating a healthy and nutritious but great tasting organic coffee. Project Long-Range Objectives: * To expand the business by having branches locally and abroad to serve the growing demands for the product and service. * To be known locally and internationally as a Coffee house serving unique and innovated flavours of coffee. * To be one of the most socially responsible business establishment and one of the most socially responsible business establishment and one of the most environment friendly business here in the country by using non-toxic materials and free pollution machineries. Limitation of the Project Coffee Cocktail House (C2H) will only hires a well experienced baristas to make a great taste of coffee and to make sure that we are ahead from the competitors. While the employees are on their work they should train the other to staff in different department so that in case that an employees will leave in some matter the other employee already know the what to do. In the initial year of the business we are not be able to expand our location because of lack of capital. Summary of Findings and Conclusion Marketing Feasibility. Coffee Cocktail House is creating a best Marketing Program in introducing our store especially in our products which caters our local coffees. Also we want to create unique promotional strategies to get our target market’s attention and build a relationship between them and compete in existing competition in the market. Not just serving them a plain coffee but letting them to realize that they’re more than a customer. Management Feasibility Coffee Cocktail house is aiming to manage well our customers both internally and externally. We are not only focusing on our customer’s satisfaction but also in our employee’s satisfaction. This store/establishment is line-type organization as an effective management structure in business. Every employee’s position is well organized from the managers down to waiters. Technical Feasibility In order to maintain the freshness of our product we get high-quality equipment, from machines in processing the products to the equipment in serving our customers and in the maintaining the cleanliness of our store. Financial Feasibility It will serve as an important factor in our business because we can see here the cash flows in operating our business. We can also see here if we gain profit or not also the financial performance and financial position of our business operation in terms of pesos and ratios that can be used in making decisions. CHAPTER 1: MARKETING ASPECT CHAPTER 1 MARKETING ASPECT PART I Introduction â€Å"Only one thing is certain about coffee†¦. Wherever it is grown, sold, brewed, and consumed, there will be lively controversy, strong opinions, and good conversation. † ~Mark Pendergrast Marketing is a very significant part in a body of a feasibility study. Where the 4 P’s of marketing is summarized here for the strategic purpose of the business. Manifestation part of the things needed to be implemented in the whole feasibility project. Coffee is had been part of our daily life. It is the first thing we did every morning. Almost people love to drink coffee and different mixes; they also love drinking coffee while chatting to each other. Marketing aspect is very essential part in establishing a business. It is said to be the life hood of virtually every project feasibility study without the market composed of demand and supply, there will never be a business the success of the business depends on the market. Objectives: * To achieve an effective marketing plan for the productivity of our business. * To be able to see the projection of our demand and supply in market. * To identify and assume what will be the strength and weaknesses of our business. Sampling Size Determination The sampling size will serves as a direction to determine the percentage of people’s demand. Formula: n=__N____ 1+Ne2 Where: n = sample size N = total population (108,769 being the total population of Fort Bonifacio with the nearest baranggay) E =margin of error (5%) Solution: n = 180,769_____ 1 + (180,769) (5%) n = 180, 769___ 1 + (180,769) (. 5) n = 399. 99 or 400 respondents. The 400 respondents will represent the four nearest barangays in the Fort Bonifacio, Taguig City. The proponents conducted the survey on the nearest mall (Market Market! ) where the residents of Taguig usually always come. MARKET SURVEY Questionnaire Formulation Based on the distinguished needs and preferences about the coffee shop, residents qualified based on their demographic characteristics like age, gender, monthly income and allowance, and anything that makes them qualified as a respondent whether he or she drinks coffee. The questionnaires are collected, tabulated and analyzed for the interpretation of data gathered. Republic of the Philippines Polytechnic University of the Philippines Sta. Mesa, Manila College of Business Coffee Shop Feasibility: Coffee-Cocktail House (CCH) Dear Respondents, We are students from Polytechnic University of the Philippines conducting research on our Feasibility Study: Coffee-Cocktail House. We would like to request you to answer our questionnaire. Rest assured that your answers will be kept confidentially. Thank You. The Researcher I. Personal Profile. Name (Optional):_________________________________________________________ Instruction: Check the space of your answer. 1. Gender: ? Male ? Female 2. Age: ? 18 – 24 ? 25 – 31 ? 32 – 38 ? 39 – 45 ? 46 – above 3. How much is your monthly income or monthly allowance? ? ? 1 – ? 10,000 ? ? 10,101 – ? 20,000 ? ? 20,201 – ? 30,000 ? ? 30,001 – ? 40,000 ? ? 40,001 – above II. All about coffee and coffee shop. 1. Do you drink coffee? ? Yes? No If yes, what brand of coffee do you purchase? ? Nescafe ? Kopiko ? Great taste coffee ? San Miguel coffee Others: (Specify) __________________________ 2. Do you go to a coffee shop to buy coffee? ? Yes? No 3. How often do you go to a coffee shop? ? Every day ? Every other day ? Weekly ? Monthly. ? Yearly Others: (Specify) _____________________ 4. How many cup/s of coffee do you buy/consume when you go to a coffee shop? __________ Instruction: You may check one or more. 5. If you go to a coffee shop, in what coffee shop do you buy? ? Starbucks ? Gloria Jean’s coffee shop ? Figaro ? Bo’s coffee shop ? Coffee bean and tea leaf ? Seattle best coffee ? Cafe de Lipa ? UCC Cafe plaza ? Cafe cap real ? McCafe of McDonalds ? Others: (Specify) _________________ 6. When do you usually go to a coffee shop? or Why? ? meeting ? break-time ? past-time ? dating Others: (Specify) .__________________ 7. In going to a coffee shop, whom do you come with? ? Co-workers/Officemates ? Clients ? Family Member ? Friends ? Boyfriend/Girlfriend ? I prefer going alone Others: (Specify)___________________ 8. What kind of coffee do you prefer? ? Hot? Cold 9. Do you drink coffee with†¦? ? Frappe ? Toppings ? Desert III. All about Coffee Cocktail House. 1. In going to our coffee shop @ the Bonifacio Global City, Fort Square, Taguig City, what is/are the coffee/s you are willing to buy, interested to try or not interested. Instruction: Please check the best answer. (*) Our Unique Offering. KINDS OF COFFEE| Willing to buy| Interested to try| Not interested at all| Hot Coffee| ? | ? | ? | Cold Coffee| ? | ? | ? | Frappe Coffee| ? | ? | ? | * Coffee Cocktail| ? | ? | ? | * Organic Coffee | ? | ? | ? | 2. What kind of * Coffee Cocktail do you prefer? ? Alcoholic* Coffee Cocktail ? Non-Alcoholic *Coffee Cocktail 3. What are the *Coffee Cocktail you are willing to buy, interested to try or not interested. (Alcoholic and Non-alcoholic drinks) KINDS OF COFFEE| Willing to buy| Interested to try| Not interested at all| * Coffee Infused Vodka| ? | ? | ? | * Spiked Coffee Ice Cream Dream| ? | ? | ? | * Chocolate Mocha-Tini| ? | ? | ? | 4. Do you prefer an organic coffee? ? Yes? No 5. What are the *Organic Coffee you are willing to buy, interested to try or not interested. (Fertilized or unfertilized) **most Unique offering as being the most expensive coffee in the world yet when roasted, it exudes an almost musical, fruity aroma. It has a strong, sweet, dark chocolatey taste that is perfect for that morning kick or high power meetings. Definitely a CLEAN CUP. KINDS OF COFFEE| Willing to buy| Interested to try| Not interested at all| *Rice Coffee| ? | ? | ? | *Corn Coffee| ? | ? | ? | *Coconut Coffee| ? | ? | ? | **Civet â€Å"Alamid† Coffee from Philippine’s finest Arabica, Liberica and Exelsa beans| ? | ? | ? | * Arabica, Liberica and Exelsa Coffee| ? | ? | ? | **********OThank YouO andOGOD bless YOUO********** O†Life is like a cup of coffee. † O -anonymous Survey analysis A part of the survey which all the data gathered was being analyzed for the justification of the objectives of the proponents. The proponents purposively collect more information about the business target market and consumer. It is to understand their needs and to know their perception on the business to be built. Table 1: Distribution of respondents according to gender. GENDER| FREQUENCY(F)| PERCENTAGE (%)| MALE| 165| 41%| FEMALE| 235| 59%| TOTAL| 400| 100%| Figure 1: Gender of the respondents From above data, majority of our respondents are female which is 59% percent while only 41% are male. Table 2: Distribution of respondents according to age AGE| FREQUENCY(F)| PERCENTAGE(P)| 18-24| 221| 55%| 25-31| 58| 14%| 32-38| 49| 12%| 39-45| 38| 10%| 46-above| 34| 9%| TOTAL| 400| 100%| Figure 2: Age of the respondents From data above, 55% of our respondents aged 18-24, 14% are aged 25-31, 12% are aged 32-38, 10% are aged 39-45 and 9% are aged 46 and above. Table 3: Distribution of respondents according to their monthly income MONTHLY INCOME| FREQUENCY(F)| PERCENTAGE(P)| 1-10,000| 168| 42%| 10,001-20,000| 61| 15%| 20,001-30,000| 75| 19%| 30,001-40,000| 78| 19%| 40,001 and above| 18| 5%| TOTAL| 400| 100%| Figure 3: Respondent’s monthly income Data shows that our respondents 1-10,000 the highest percentage which is 42%, 20,001-30,000 and 30,001-40,000 which are 19%, 10,000-20,000 which is 15% and 40,001 and above which is 5%. Table 4: Distribution of respondents who drinks coffee COFFE DRINKERS| FREQUENCY(F)| PERCENTAGE(P)| YES| 256| 64%|. NO| 144| 36%| TOTAL| 400| 100%| Figure 4: Respondents who drinks coffee Data shows that the majority of our respondents are coffee drinkers which is 64% and 36% are not. Table 5: Brand of coffee they buy in store BRAND OF COFFEE| FREQUENCY(F)| PERCENTAGE(P)| NESCAFE| 235| 42%| KOPICO| 155| 28%| GREATE TASTE COFFEEE| 109| 19%| SAN MIGUEL COFFEE| 51| 9%| OTHERS| 9| 2%| TOTAL| 559| 100%| Figure 6: Particular brand the respondents buy From the data above, the highest brand of coffee they buy is Nescafe which is 42%, Kopiko which is 28%, Grate Taste which is 19%, San Miguel Coffee which is 9% and 2% from other brand. Table 7: Respondents who have been to coffee shop WHO HAVE BEEN TO COFFEE SHOP| FREQUENCY(F)| PERCENTAGE| YES| 293| 73%| NO| 107| 27%| TOTAL| 400| 100%| Figure 7: Have you been to coffee shop? Data shows that 73% of our respondents have been to coffee shop and 27% are not. Table 8: How often do you drink coffee? TIMES THEY DRINK COFFEE| FREQUENCY(F)| PERCENTAGE(P)| EVERYDAY| 136| 46%| EVERY OTHER DAY| 61| 21%| WEEKLY | 69| 24%| MONTHLY| 12| 4%| YEARLY| 9| 3%| OTHERS| 6| 2%| TOTAL| 293| 100%| Figure 9: How often they drink to coffee shop. Data shows that 46% of our respondents drink coffee to coffee shop everyday, 24% weekly, 21% every other day, 4% monthly, 3%yearly and 2% from the others. Table 10: How many cups they consume in the coffee shop? NOS. OF CUPS THEY CAN CONSUME| FREQUENCY(F)| PERCENTAGE(P)| ONE| 149| 47%| TWO| 122| 38%| THREE| 24| 8%| FOUR| 8| 2%| FIVE| 10| 3%| SIX| 6| 2%| TOTAL| 319| 100%| Figure 10: How many cups they consume in the coffee shop? Data shows that 47% of respondents can consume only one, 38% can consume 2 cups, 8% can consume 3 cups, 3% can consume five cups, and 2% can consume four and six cups. Table 11: What particular coffee shop they go and buy coffee? COFFEE SHOPS| FREQUENCY(F)| PERCENTAGE(P)| STARBUCKS| 88| 30%| GLORIA JEAN’S COFFEE SHOP| 14| 5%| FIGARO| 44| 15%| BO’S COFFEE SHOP| 18| 6%| COFFEE BEAN AND TEA LEAF| 23| 8%| SEATTLE BEST COFFEE| 16| 3%| CAFE DE LIPA| 9| 3%| MCCAFE| 57| 19%| OTHERS| 24| 6%| TOTAL| 293| 100%| Figure 11: What particular coffee shop they go and buy coffee? Data shows that 30% of the respondents go to Starbucks, 19% at Mc Cafe, 15% at Figaro, 8% at Coffee Bean and Leaf Tea, 6% at Bo’s Coffee shop and Seattle Best Coffee, 5% at Gloria Jean’s Coffee Shop,3% at Cafe de Lipa and 30% from the others. Table 12: What is the reason/s why they go to coffee shop? Data shows72% of the respondents prefer to drink organic coffee and 28% don’t want to buy drink organic coffee. MARKETING ASPECT – PART II A. Product/Service Description The product is the mean of this project, because it is the one that will be to offer to the customer, while, the service is the focus of this project, because this will complete the satisfaction to the customer. At the Fort Strip in the Fort Bonifacio, the proposed Coffee Cocktail House is settled at a 58 sq. m.inside of a three storey building in Katipunan Circle. As the business was being projected inside of the Fort Bonifacio Global City where most of the population are employees and students, good ambiance, peace and pleasing place of a House as good as a house can satisfy them, a house with different kinds of chairs, different interior, different exterior and different service that will surely satisfy the wants of the customer. Coffee Cocktail House (C2H) offer coffee mostly which are: hot coffee, cold coffee, frappuccino, and coffee cocktail and organic coffee, which we uniquely offer to the market. As one of the store’s unique offering, we use coffee cocktail itself for the store name which is Coffee Cocktail House. We also offer cakes and pastries which is good combination to coffee and also Filipino delicacies. B. Location Coffee Cocktail House (C2H) will be located at the ground floor of the Fort Square, Bonifacio Global City, Taguig, because it is one of the busiest places in Metro Manila and there’s an opportunity that we will get on the location. The location is highly accessible and visible for those who work beside the building and passers-by. The shop will be placed where there is several establishments such as mall, schools, call centers, business offices, and condominiums. C. Name of the enterprise As for the product name, we have come up for the product name that can describe one of our special coffees. We have applied the name in Securities and Exchange Commission (SEC) and it was not found that it was not yet used by any other business entity yet. a. Business Name: Coffee Cocktail house b. USP: Great Taste Happens c. Business Logo: Many of the business man and also those who are business minded person think a lot of ideas and most of them uses a trade mark that is 100% connected to their offering, either product or service, to be able to recognize easily. Speaking of trademark, the proponents have come up with this simple trade mark using the company name itself which have a unique style and indeed an attention-catcher because of the color used. Here are the meanings of the colors and symbols that were used to the trademark that the company came up with: Cream (Originated from Yellow which means full of creative and intellectual energy) is a clean light yellow clears the mind, making it active and alert. Brown associated with the material side of life. It gives comfortable feeling of naturalness. Red is the color of blood, and as such has strong symbolism as life and vitality. It also represents the passion of the staffs. Circles symbolize unity, wholeness, infinity and protection. Pentagram (represents the house) can also be a star because of its five-points. It is a symbol of life and perfection. White Cup symbolizing the professionalism of the product and definitely a â€Å"Clean Cup† and a clean working area. Smokes symbolizes that the coffee is always freshly gourmet and also has a pleasing aroma to the nose. D. Nature of the Business For our new business idea, our group have all concurred and agreed the best way to go about developing new concepts and ideas is nonetheless the one that complete the day of a human—coffee. So we decided to on putting-up our own coffee shop. Indeed, and furthermore, we have considered what kind of beverage that we could possibly develop by means of reinventing its taste, by making it more nutritious and ultimately breaking the way people look at it. Then it came to an idea of redesigning a kind of beverage that has been branded as traditional and existing since time immemorial, and also it must be a kind of beverage that people will love and like as well. Instead of doing a coffee alone, we came up to an idea of mixing coffee and alcohol. We arrived in this idea because some call centre agents want to drink alcohol but we mix coffee on it for them to avoid drowsiness. We also consider some of the Filipinos are health conscious that’s why we came up to an idea on creating a healthy and nutritious but great tasting organic coffee. E. Limitation of the Project Coffee Cocktail House (C2H) will only hires a well experienced baristas to make a great taste of coffee and to make sure that we are ahead from the competitors. While the employees are on their work they should train the other to staff in different department so that in case that an employees will leave in some matter the other employee already know the what to do. In the initial year of the business we are not be able to expand our location because of lack of capital. F. G. Project Time Table. Project Time Table Description July 2012 to October 2012 – Feasibility Study Conceptualization about what kind of business should we study. Having a feasibility about the product; conducting survey on the location; Planning on how to promote and what is the demand and supply on it. How were the market aspect, management aspect, technical aspect, financial aspect and social aspect of the feasibility? October 2012 to January2013 – Putting-up Capitalization The proponents will be invested for the capital, amounting P 1,000,000. 00. January 2013 to April 2013 – Registration and Licensing Registering and licensing company. Secure all the permit of the business for its maintenance. February 2013 to April 2013 – Renovation of the Project Location The business location will be develops. Buying the equipments and needed tools. April 2013 to May 2013 – Hiring The company will hire expert baristas because we don’t enough money for the training. The proponents will also work as a manager to save money. – Opening of the coffee shop The store launching will start after the hiring of the baristas and crews. April 2013 to December 2013 – Marketing Program The Marketing Program will aims to simplify and demonstrate strategies that are needed to reach all its marketing potential even to exceed the potential of its market. January 2014 – Product New Ideas Having new ideas to promote and increase the demand for coffee. I. Market Segmentation A. Target market Our target market is aged 18 years old and above particularly young professionals who are working near our stores. They are the one who need our products and the one who can afford to buy our products. There are a lot of people who are passing by in our location and there are some who are just passersby. They are all are potential and target consumer who are possibly will buy some of our products. a. Demographic Characteristics Specifically it is for those 18 years old and above both male and female. Students who have allowance (from 1-5000php and above per month) looking for a convenient place to hang out with their friends and family. There are a lot of young professionals who are working near the Coffee Cocktail House. They are the persons earning 1-10,000php per month who belong to the class C to upper B. b. Psychographic Characteristics Since the target market are young professionals they are in the stage of buying what they want and doing the thing they have not experience when they are studying. They want a place that is relaxing before and after working hours. They are the type of people who are willing to buy a product that suit to their personalities yet affordable. Most of them are health conscious and smart street people looking for every benefit and satisfaction of a product to them. c. Buyer Behaviour Characteristics They are coffee drinker who used coffee as part of their daily routine. It is those people who believe that a cup of coffee will help them to enlighten and cope up for the whole day. They have that belief it will help people to stay awake for a longer hours. II. Competitor’s Analysis Purposively the proponents of this feasibility study wanted to know their possible competitor in the coffee industry especially we wanted to know our competitor within the business location. It aims to perceive the competitor’s capacity along the journey of our business. A. List of Competitors Listing and identifying every competitor we have in the market and within the area of Coffee Cocktail House. Identifying the competitor USP and why the consumers continually patronize their products. a. Direct Competitors Figaro – soon to open at the same area who offers coffee products with its healthy benefits and they have different side dishes and main courses. Coffee vending machines – that offer cheaper brewed coffee. We only have one competitor within the specific location of the coffee shop at the Fort Strip. The Cafe Puccini offering a coffee products and their specialty dish the Italian pasta. b. Indirect Competitors We also have our indirect competitors who used to sell coffee products but it wasn’t their specialization service or product. Retail sachet or instant coffee at the market. 1. Nescafe – which got in our survey that proves their being no.