DIMENSIONAL FUND ADVISORS Essays - Ensanche Libertad, Free Essays

DIMENSIONAL FUND ADVISORS Essays - Ensanche Libertad, Free Essays DIMENSIONAL FUND ADVISORS Indique en que consisten las siguientes estrategias de inversion seguidas por este fondo, cuales fueron sus resultados y si esta de acuerdo con alguna de ellas, mencionando sus razones: Inversion en acciones de empresas pequenas ( Size effect ): Consistia en comprar acciones en empresas pequenas con poco interes en el mercado que no perteneces al indice de Standard and Poor's 500 (SP 500). La principal idea era mantener acciones con un costo menor y esperar a que estas crecieran, tomando siempre en cuenta de que los costos de transaccion por comprar muchas acciones pequenas no afectara a las ganancias que el fondo pudiera generar. Estas empresas tienen mayor riesgo, que es lo mismo que tener mayores betas, y entre mas alta sea la beta el rendimiento sera mayor. Ademas en algunos estudios se comenta que tener inversiones en acciones mas pequenas han presentado mejores rendimientos que los que se presentan invirtiendo en acciones mas grandes, aunque las pequenas son mas sensibles a las grandes caidas, y se espera que asi continue. Tambien es importante tener en cuenta que cuando se invierte en un tipo de activo con menor liquidez requiere una mayor tasa libre de riesgo o mayor premio, lo que hace que la tasa de rendimiento total ajustada sea mucho mas atractiva en el futuro en comparacion de la que se espera en el caso de las acciones de empresas mas grandes. Desde nuestro punto de vista creemos que la estrategia de DFA de invertir en acciones de empresas pequenas tiene argumentos importantes y relevantes que hacen mucho mas atractivo invertir en acciones de empresas pequenas que en acciones de empresas mas grandes, lo unico que habria que tomar en cuenta seria que los costos de transaccion no superaran el beneficio adicional que este tipo de inversiones representa. Valor en libros vs Valor de mercado ( Value and growth ): Las acciones de alto valor en el mercado favorecidas por la estrategia se conocieron en la literatura academica como acciones de "valor", mientras que las acciones bajas de valor contable del patrimonio con el valor contable del patrimonio neto (BE/ME) que DFA evito se convirtieron en acciones de "crecimiento" tambien llamadas como acciones de "glamour". DFA prefirio a las acciones con el apodo de " crecimiento", como la idea de que los valores bajos de BE/ME tuvieron un desempeno pobre debido a que estos fueron sobrevalorados y " glamorized " no encajaba con sus ideas de mercado eficiente. DFA argumento que las acciones de valor superan a las acciones de crecimiento,por la unica razon de que cualquier activo siempre supera en un mercado racional y eficiente porque son mas riesgosas. Los autores argumentaron que el buen desempeno de las acciones de valor podria simplemente ser casualidad o podria haber sido debido a los problemas con los datos utilizados por los investigadores academicos. Primero Fama Y French encontraron un efecto de libro a mercado: las acciones de valor superaron a las acciones de crecimiento durante los primeros anos, asi como tambien al periodo mas reciente, mas tarde Fama Y French analizaron algunos datos y encontraron una vez mas que el efecto de libro a mercado fue robusto. Las existencias de libros de alto valor en el mercado se han reducido en practicamente en todos los paises estudiados. Basandose en estos descubrimientos, DFA amplio su oferta de productos introduciendo fondos internacionales de valor, asi como habia introducido fondos internacionales de pequenas acciones en anos anteriores. Para terminar, Fama Y French encontraron otro hecho intrigante: cuando las acciones de valor tuvieron un buen ano en relacion con las acciones de crecimiento en el pais, lo mismo ocurrio en muchos otros paises. este alto nivel de correlacion entre las carteras de crecimiento de valor se ve como una buena noticia para los teoricos del mercado eficiente y una mala noticia para aquellos que esperan vencer a los mercados. Fama y French tambien descubrieron que mientras que el "valor" hizo bien en promedio, en ciertos anos las carteras de valor fueron superadas por las carteras de crecimiento a traves de una alta gama de paises. Este descubrimiento fue consistente con la idea de invertir en acciones de valor realmente era riesgoso,

Job Seeker Success Survey Results Are Out!

Job Seeker Success Survey Results Are Out! This week the Career Thought Leaders Consortium published the results of a survey, conducted by Susan Whitcomb of TheAcademies.com and Caitlin Williams, PhD of DrCaitlinWilliams.com, entitled Job Seeker Success Survey Results. Today’s blog will summarize some of the main points of the survey; next week I will publish a story from one of my clients who succeeded in his job search because he did just about everything in this report as he conducted his job search. Three of the main topics covered in the survey were job seekers’ empowering self-talk, empowering actions, and effective job search strategies. These are areas where more is definitely better! Below you will find what worked for job seekers; I invite you to take on these practices and thought patterns if you haven’t already. EMPOWERING / MOTIVATING SELF-TALK â€Å"I can do this!† â€Å"I am perfect for this job!† â€Å"My current situation does not define me!† One of the most important factors in a successful job search is optimistic self-talk. The job search can be a daunting process, and job seekers need their own support to get through it. Telling themselves they are worth it and deserving, that there are positive aspects to their situation even if it’s challenging, and that they are a great fit for the jobs they’re applying for makes a big difference in mental mindset and ultimately in the results they get! Of course job seekers did have some disempowering self-talk as well, including doubting their abilities and believing they would fail, either because of their own perceived problems or the state of the job market. It is natural to have some negative conversation in our heads, and it’s important to become aware of it, bring it out into the open, and take any action possible to manage it. If you find yourself mired in negative self-talk, consider hiring a coach to help you pivot toward the positive. EMPOWERING / MOTIVATING ACTIONS â€Å"Talking with my coach.† â€Å"After the interview, I kept looking for a job even though I felt like the interview went well.† â€Å"Practice my 1-2 minute success stories that match the company’s needs.† Even more important than what job seekers said to themselves was what they DID. Of course the two are intimately intertwined, as positive thoughts often breed positive action. Successful job seekers took on the job search with gusto. They prepared thoroughly for each interview. They hired coaches. They focused on finding the best fit for their skills- not just on getting any job. Many leveraged their professional and social networks. A good percentage considered staying healthy and fit to be an essential component of their success. The least empowering job search activities included procrastination, stopping the search altogether, withdrawing from connections, making errors such as showing up late for interviews, and generally focusing on the negative. Again, having a coach on your side to help you turn around any negative job search patterns can be extremely valuable. MOST EFFECTIVE JOB SEARCH ACTIVITY Network, Network, and Network!! A significant 67% of job seekers indicated that networking and communicating with key contacts was their most effective job search activity. Of those who reported their job search took as long or shorter than expected, close to 80% said networking was their most effective activity. Are you getting the point? 20% said working with a coach or improving their skills in other ways, including enhancing their resume and cover letter writing abilities, was key to their success. ENCOURAGING NEWS FOR OLDER JOB SEEKERS Of those in the 56-60 age range responding to the survey, 64% had recently landed a new opportunity! Furthermore, age did not appear to have any relationship to how long it took to find a job. I see this as very encouraging news for this demographic. For more tips for older job seekers, see 17 Tips for Older Job Seekers Follow in the Footsteps of Winners! READ IT AND SHARE! If you are feeling stuck or discouraged in your job search, please take a few minutes to read the entire report Job Seeker Success Survey Results. You will likely learn something about your own mindset- and maybe even get inspired by the people in the survey group. Do you have success stories to share? I’d love to hear them! And be sure to tune in next week for a story of success from one of The Essay Expert’s clients.

Csa study Case Example | Topics and Well Written Essays - 750 words

Csa - Case Study Example 1. Assessment There are many illnesses that could be happening with Bret but there are many preliminary tests that would have to be done. The first thing would be to check his vital signs. I would want to know his blood pressure to rule out high blood pressure because it could cause fatigue and weakness over time. I would also check to see whether he had been drinking enough water when he does sports because some of the weakness could be due to dehydration (Mayo Clinic). I would want to do an ultrasound on his legs to make sure that there were no blood clots or other challenges with his legs. I would also want to send him to an neurologist because the weakness in his legs may be early signs of multiple sclerosis (MS). Some of the symptoms of multiple sclerosis are the fatigue, had tremors, and double vision (Merk Online Manual 2010). The challenge with is symptoms is that they could be one of many types of diseases and it would be important to narrow down the focus. I would also want to order an MRI to see if there are challenges in the brain or the muscles that are more physical. 2. Treatments The treatments would depend on what was found from the various tests. If it was MS, it is a treatable disease. Some of the treatments that may be used would be dependant on how the symptoms are working with Bret. There are Corticosteroids are used more often than other treatments. Also, Interferon Injections may be used in order to help delay the total disability of this issue. 3. Prognosis Many people who have MS live for a very long time and are able to maintain a lifestyle that stays healthy. Regular exercise is important and physical therapy can help maintain balance. Case Study 2 Corey is 14 years old and is an avid mountain biker. He has been riding with his friends every weekend. At one point in the current ride, he has decided to ride the Abyss trail because none of his friends have had the courage to ride it. As Corey was negotiating the last trail, he hit a roo t sideways with his bike and it spun out of control, flipping Corey backwards over a small ravine. He hit the back of his head on a rock outcrop and flipped over face down into pine needles. He jumped up, brushed himself off, and said he was okay. However, he had cracked his helmet and on the way home, he could not remember what happened or starting down the hill. His head was hurting and the boys noticed that the back of his head was bloody. Corey was very thirsty, drank a Mountain Dew quickly and threw up. His friends rush him to the hospital and his parents meet them there. Once his head and scalp are stitched he says that his head still hurts, but he does not feel that he will throw up. He knows what school he goes to, but he cannot recall starting down the hill before the accident. It is apparent that he has suffered a concussion because of the headache, nausea, and the amnesia about the traumatic event (Mayo Clinic 2011). I would tell the parents that they should watch him clo sely for the next couple of days because he may have had a head injury that we cannot see. I would have ordered an MRI for him to see whether there was anything else to be concerned about in this process. However, he could have some other challenges with dizziness or nausea in the next couple of days. I would tell them to bring him back if he had any other symptoms or if he seemed to be drowsy or more fatigued than normal. I would also tell them that if his speech begins to slur or he has other symptoms that are not

Strategic management Final EXAM Essay Example | Topics and Well Written Essays - 3750 words

Strategic management Final EXAM - Essay Example Strategic management can operate at corporate level or business level. A definition of strategic management at corporate level is: "the pattern of major objectives, purposes or goals and essential policies or plans for achieving those goals, stated in such a ways as to define what business the company is in or is to be in and the kind of company it is or is to be."1 One must also take into account the culture and leadership of the organisation, both of which influence corporate strategic management. For example, after the return of Steve Jobs to Apple Computers Inc a top-level decision was taken to making a major shift away from heavy investment in Research and Development (R&D) of innovative and premium-priced computers, and have invested more heavily in the highly competitive consumer electronics sector. At the business or unit level of operation, strategic management is more concerned with competition, adding value and recruiting and retaining clients. Returning to the example of Apple Computers Inc, since 2001 it has been developing products such as the iPod believing that it could add high-value, user-friendly software in a way that a pure electronics business could not. Business level strategic management has been defined as: "the match between [the organisation's] internal capabilities and its external relationships. It describes how it responds to its suppliers, its customers, its competitors and the social and economic environment within which it operates."2 This view argues that strategic management boils down to having a clear sense of the organisation's objectives and identifying how these will be achieved. However there is no universal agreement on which level the subject should be studied at: corporate or business. Therefore it is important to bear in mind that such gurus as Michael Porter tend to focus on business level strategic management. There is also another school of thought which argues against this prescriptive viewpoint. This alternative and less well-documented emergent view points out that given the impossibility of planning for an uncertain future, identifying a single strategy is a waste of time. Instead organisations should focus on finding market opportunities, experimenting and developing their competitive advantage over-time.3 The three key elements of strategic management are resources, the external environment and the organisation's capacity to add-value to its core activity. An organisation's resources include its personnel and their respective skillsets, its investment and capital. These items are important for the organisation to create and sustain competitive advantage. It could be argued that Apple Computer Inc's recent success in setting the latest standard in MP3 players was built upon the fact that it had a major brand and R&D capabilities from its niche computer business and an excellent own-brand distribution network already in place. In short Apple Computer Inc optimized existing resources. The environment refers to economic and political situation the organization finds itself in, its competitors, customers and suppliers, and increasingly to 'green' issues as concerns regarding global warming and exploitation of low-wage workers become more wide-spread. For example, IBM lost much of its initial dominance of the personal computer market when it failed

Cultural Diversity Phase Essay Example for Free

Cultural Diversity Phase Essay In the society, cultural diversity is an evident and become dominant concept wherein it commonly affects the social structures and processes in the society. This is mainly because cultural diversity significantly cause the society to be segregated into their respective social minority groups with their cultural differences serving as the gap and blocking wall between these groups. In addition, cultural diversity also has caused certain negative social problems such as discrimination and oppression worsening the difficulty of social separation. Because of which, the negative aspect of multiculturalism and the social tension it has produced should be sufficiently addressed. Different social groups and institutions are making different steps and approaches to bridge the gap of multiculturalism in every individual and social minority. This includes cultural information campaign to educate the society about the different culture of each group to answer the different inquisition of each individual thus eliminating the problem of cultural misconception and misunderstanding. In addition, community groups are also establishing social groups and institutions that request participation from different cultural groups giving them a chance to communicate and relate to other groups tearing down themselves the walls created by multiculturalism. These programs and community efforts are established to promote communication and social involvement of each social minority in the campaign to address social unity. Multiculturalism in the present society serves as a hindering wall thus, this hindrance must be torn down using intercultural communication and social participation. Intervention must also be done in facilitating cooperative approaches to ensure its advantage. With this approach implemented, society as a whole would be one-step closer in making a harmonious relationship between culturally diversified social groups. Bibliography Parekh, Bhikhu (2006). Rethinking Multiculturalism: Cultural Diversity and Political Theory. Palgrave Macmillan. Second Edition.

Bob Marley :: Music Musician Biography Essays

Bob Marley Bob Marley was a promoter of peace and believed in the union of all people. He used his music as a channel to get his opinions and thoughts out into the world. â€Å"Me only have one ambition, y’know. I really have only one thing I really like to see happen. I like to see mankind live together-black, white, Chinese, everyone-that’s all.† Robert Nesta Marley was born February 6th, 1945 in the small ghetto of Nine Miles, in the parish of St. Anne, Jamaica. His father was a white British Naval officer named Narval Marley, and his mother was a young, poor Jamaican girl named Cedalla Brooker. The well-to-do Marley family did not approve of Narval and Cedalla’s relationship(Clark). Despite marrying Cedalla, Narval was more of an occasional visitor rather than a father figure to Bob(Clark). He did not survive to see his son’s success. After a few years, Bob and his mother moved to Trenchtown (western Kingston), which was built around the former Kingston refuse dump(Salewicz). People would spend their days scavenging for whatever they could find here(Salewicz). The shanty-town people who lived here considered it desirable accommodations and were not ashamed of their home at all(Salewicz). Trenchtown was also considered a spiritual power point for the Rastafarians, which is a major form of religion in Jamaica(Salewicz). It is said that those who have nothing, and therefore nothing to lose, are not afraid to express their talents(Salewicz). This was true for many people who lived in these areas, including Bob. Living in Kingston, Bob cut his first record at the age of 16, with a song called â€Å"Judge Not†(Clark). This album was a complete flop. In his teen years, he had many influences, including Fats Domino, Ray Charles, and Joe Higgs(Peake). He also loved Jamaican, Ska, and Rock Steady music(Peake). The biggest influence that anyone had ever had on Bob was Joe Higgs(Salewicz). Joe was the areas most famous singer and musically prominent Rasta, or person who followed the Rastafarian religion(Salewicz). He was Bob’s first mentor and introduced him to Peter Tosh, and Bunny Livingston, who would be his future band mates(Salewicz). Bob, Peter, and Bunny all took part in evening music sessions in Joe’s Third Street Yard every night. When he was just 18, Bob, Bunny, and Peter formed the Wailin’ Wailers, and their first song â€Å"Simmer Down† was an instant number one in Jamaica(Pagewise). From here, their success grew.

Love in the Western World

This paper will trace in general the different views on love as expressed by the different speakers in Plato’s Symposium and explore in detail the theories of Eros, Philia, Storge and Agape and the bearing it has on the notions of erotic love, filial love, sacrificial love and spiritual love. Another area that will be drawn into focus is the theory of â€Å"platonic love† based on Plato’s hypothesis. The context of the symposium is a get-together of the students of Socrates who get to talking and decide to take turns and speak in praise of Eros, the God of Love. Of the speakers Phaedrus speaks first and talks about the virtuosity Eros promotes in those who experience love. He talks about the awareness that true love can inspire in humans so that man becomes conscious of the noble qualities of honor, loyalty, courage and fidelity. Pausanius is the next to speak and dwells on the different kinds of love, from the common banal love to the higher, spiritual kind of love. The earthy love is not as noble as the intellectual love which is more faithful and elevates the mind and is completely devoid of desire. According to him the pursuit of higher knowledge and wisdom is the more honorable and the wantonness of physical love is shameful. Eryximachus talks about the concept of good love that helps man to be judicious and methodical. Eryximachus is a doctor and philosopher and talks about love beyond relationships, about intellectualism, the love of ideas, concepts and the fine arts like music. He speaks of the advantages love brings to humans, the most important being the ability to discern between honor and dishonor. He believes that there are opposing kinds of loves in every living being including animals and plants. However, true love is achieved through a synthesis of these opposing elements and that it can be the fountain and source of power, friendship and happiness (Plato’s Symposium). Aristophanes, the jester and humorist came up with the concept of love as man in search of his soul mate and partner in order to feel one complete whole. He talks about man being split into half by Zeus for threatening to over run the Gods. Later Zeus modified his terrible act and allowed the two halves to marry as man and woman. It is said that ever since the two halves have been in search of the other. Socrates himself speaks last of all and talks of love as being the human desire for knowledge, wisdom and beauty. Love is the desire for what is beautiful and may not necessarily mean beauty in itself. According to Socrates love is the mere interface between what he desires and the object of his desire. When man has achieved real love he will be able to create beauty, conceptualize perfection and become wise and virtuous. In Greek mythology Eros is one of the three oldest Gods along with Cronos and Chaos and stands for love. The word ‘erotic’ is derived from the God of love, Eros, who encourages and endorses all those who seek him to perform acts of virtue and merit. As has been mentioned before, all those present at the party or symposium have laid down their postulates and have spoken about different kinds of love and what it does for man. To further explore the concept of the various kinds of love let us consider the broad definition of these categories: Agape, Storge, Philia and Eros. Agape stands for spiritual love, the kind of love God has for his creatures and the love man strives to return. This kind of love transcends physical boundaries and is a higher form of love which finds fulfillment in just being there. It kindles spirituality and is perfection itself. Nothing can tarnish this kind of love and to most mortals seems almost impossible to attain. We can find examples of this kind of love in Christianity. In literature, I have found this kind of love being depicted in certain kinds of love lyrics that belong to the Renaissance age. In Petrarch’s poetry for instance, the poet’s object of desire, the enigmatic Laura, is continually shown as someone unreachable. Laura’s eyes are compared to stars; her face is often described as being so radiant as to make looking at her impossible. This imagery often ties up with how the apprehension of God is described in Christianity. Here, the conflict between Eros and Agape is continually present. The poet often feels helplessly tied between the demands of the earthier, physical Eros and the spiritual, the allegedly purer kind of Agape (Houston). Storge is synonymous with love that engenders sacrifice and purity. This is the kind of love parents feel for their children. This kind of love does not wait for reciprocity to grow and is there notwithstanding. The story of Abraham and Isaac is an interesting biblical instance of these two kinds of love where Storge is compelled to be sacrificed for the greater Agape. In order to prove the full extent of his Agape, his total devotion to God, Abraham is asked to sacrifice the thing he loves most. This happens to be Abraham’s son Isaac, the person for who he feels the greatest Storge. In the biblical context, Agape is undeniably higher than Storge. Abraham is therefore first made to prove the full extent of his Agape before God relents and lets him keep the object of his Storge. Other instances of pronounced Storge in literature include the love Cordelia feels for her father, King Lear in Shakespeare’s play. In this case however the Storge is made to complete its sacrifice in a sense because both the king’s beloved daughter and the king himself die in the end. Philia, or brotherly love, exists between friends, brothers and neighbors. This kind of love helps people to bond closely without being passionate or amorous. This kind of love prompts the feeling of camaraderie and brotherhood. A good example at hand would be the kind of love soldiers have amongst each other, where they bond intimately and share their joys and sorrows together without a hint of any physical attraction or manifestations. In Greek history, I have noticed the love depicted in the story of Damon and Pythias to be of this form. In the legend Damon and Pythias both survive Dionysus’ wrath because of their intense love for each other. But in another tale from the bible, the ending is not nearly as fortunate. Cain and Abel, sons of Adam and Eve, at first loved each other in the truest sense of Philia. However, with the preference God showed for Abel’s sacrifice of animals over Cain’s agricultural offerings, Cain’s love turns to intense jealousy and he ends up killing Abel. This is possibly the best known example of Philia getting overturned. Eros is passionate love, which can in most cases be closely linked to physical attraction and sexual love. Eros is often closely associated with the animal kingdom and therefore classically considered to be a lower form. Eros can often contend with Agape as we have seen earlier. And a popular example of this is in Shakespeare’s Romeo and Juliet. The love that the two young nobles feel for each other is no doubt arising from a certain attraction, or Eros. And yet the manner in which they express their love for each other in a language that is similar to that of Agape. Romeo and Juliet address each other in abject terms, making it a love not of equals but of one subservient to the other. This of course is one of the most common features of Agape. Although classically Eros is considered to be a lower form than Agape, as we have seen discussed in the Symposium, I personally feel this is not entirely fair. It is true that people often consider it nobler to love a person without wanting to possess him or her in a physical or earthly way. By implication this means that a person loves someone for more than their physicality, that is to say a love founded on something deeper than superficial beauty. This is true in theory, but not always in practice. We often find that the Agape is more often than not directed towards someone of higher social standing, or towards a woman who is unreachable, like a noblewoman or even the queen. This amounts to nothing short of sycophancy sometimes. Is it then less hypocritical than loving someone for their appearance? Eros is also equated with the animal kingdom and is therefore considered â€Å"lower. † But why should something, that takes place in the natural world, be considered lower? If animals love each other erotically, does it not make it a more natural, or even a â€Å"higher† love? After all this kind of love is based on the truth of the body’s responses to the beloved; if someone is beautiful and attractive physically, why should it be wrong to feel attraction or love for this person? Even if it is based only on appearances, Eros is more genuine. There is no verbal intrusion that allows lovers to lie to each other or praise each other in hollow terms. Philia too I think is often under-rated in the present generation. Friends can often feel a lot of love between them without it being the Erotic or even the Agape type of love. We have been brainwashed by popular movies and books into always expecting friendships to turn into love as that fits in with the perfect happy ending of the plot. But why should this be? Why is simple, platonic love that expects nothing physical or romantic in return be less of a love than any other kind? After all, is it not nobler for two friends to love each other in spite of the fact that they have nothing physical or romantic to gain from each other? Storge also is often under-appreciated in popular culture. Love that exists within families has become such a rare instance in the days of divorce and estrangement that perhaps more of art needs to depict it now, more than ever. People seem to forget that our families are what we are born into. We carry our parents’ genes and share them with our siblings and nothing or no one else can ever change that. It is true that we are often unfortunate in this regard and there are many children brought into this world in an unloving family, but even so the love that exists between members of the family is something that precedes life itself. Just to think about what a pregnant mother endures for nine months and so many years following the birth, is enough to prove the argument. In conclusion, I think it is fruitless to spend hours debating on which form of love is higher than the others because each kind of love, whether borne out of devotion, lust, filial ties or friendship, is a distinct kind of love. A sort of love that is unique to itself and therefore deserving of special attention. Instead of trying to compare them it is perhaps best to be grateful to know that they all exist.

Business Process Outsourcing in the Philippines

CHAPTER 1 THE PROBLEM AND ITS SCOPE INTRODUCTION Rationale of the Study Paternalistic management approach is a father-like treatment but gives a certain amount of freedom. It is a type of leadership style that focuses more on the welfare of patients but gives a firm decision for everyone. It is a modification of an autocratic management yet it provides patients feedback. A typical paternalistic management approach gives exact details as to why there are certain actions to be taken in managing patients in a certain way.It has been practiced for so many years by many medical professions. Although, this approach still finds an opposition, it continued to thrive as an effective approach in dealing with some difficult patients. Most Filipino workers find a Business Process Outsourcing (BPO) company as a source of income in today’s century. The Business Process Outsourcing (BPO) company hires call center agents in the local area. The nature of their work is taking calls from the cli ents and providing information to the consumers. It is a high paying job with health insurance and benefits.Some people chose this kind of work even though it has some disadvantages. Call center agents encountered health problems while working in their designated area. A clinic break is a privilege in some Business Process Outsourcing (BPO) companies. Some call center agents use this clinic break when they are not feeling well. But some of them abuse this privilege just to avoid taking calls or even to avoid going to work. These patients usually complained of being sick or any other illnesses just to be excused from their own work. Company nurses find it quite difficult in handling this kind of condition in the clinic.As a nurse working in a company, one has to do something in making decision for the best interest of the patient and for the productivity of the company. A company nurse must be able to understand the line of work especially in dealing with difficult patients. For inst ance, in a company, some call center agents are just malingering. Malingering is trying to escape from their work and has to use some means for their own personal benefit. A company nurse must be able to distinguish and find an effective solution to deal with this kind of situation.At times, it is difficult to comprehend the nature of such illness every time a patient complained of being sick. The company nurse has an authority to send home call center agents when they are actually ill. The problem arises when some call center agents pretended they are sick. Thus, a company nurse must assess the patient before the call center agent will be sent home. The researcher chose to conduct a study about paternalistic management approach of company nurses in a Business Process Outsourcing (BPO) Company. This to determine on how it will help the company nurses in dealing with these patients.The researcher has personal experiences in dealing with malingering patients. The researcher is inquisi tive and is willing to learn for the betterment of the welfare of others. Also, the researcher is competent to gather the needed data since she has been working for two consecutive years in a Business Process Outsourcing (BPO) company. Furthermore, the researcher believed that it is a good thing to cater the needs of everyone regardless if it’s true or not. A good company nurse is willing to serve for whatever purpose it will lead. Malingering is just a tactical method of a patient that is needed to be understood.The need of the patient should be provided since service is the key in nursing. Theoretical Background This study is anchored on the paternalistic management approach of company nurses in Business Process Outsourcing (BPO) Company. Paternalistic management style In a nutshell this management style tells the people what is best for them. This may sound the same as the autocratic style, but with the Paternalistic style of management, the business leaders are looking fo r the input of their employees. The business leader will make the final decision but not without careful consideration of the feedback.This gives the employees the opportunity to voice their opinions and ideas. This also allows for more awareness of the employees needs, as people rather than just plain business (Montana, 2008). Paternalistic management style has the same authoritarian dynamic. It is a bit more warm and fuzzy in its approach. It is like being at home with parents that are involved in every aspect of your life. Higher likelihood that employees will be motivated or feel some loyalty based on the concern shown towards them by management (www. universitydissertations. com).Paternalism is the interference of a state or an individual with another person, against their will, and defended or motivated by a claim that the person interfered with will be better off or protected from harm. The issue of paternalism arises with respect to restrictions by the law such as anti-drug legislation, the compulsory wearing of seatbelts, and in medical contexts by the withholding of relevant information concerning a patient's condition by physicians. At the theoretical level it raises questions of how persons should be treated when they are less than fully rational (Husak, 2003).If one believes that sometimes paternalism is justifiable one may do so for various kinds of theoretical reasons. The broadest is simply consequentialist, i. e. more good than harm is produced. A narrower justification is that sometimes the individuals (long-run) autonomy is advanced by restricting his autonomy (short-run). So one might prevent people from taking mind-destroying drugs on the grounds that allowing them to do so destroys their autonomy and preventing them from doing so preserves it. This is essentially Mill's argument against allowing people to contract into slavery.Note that if the theory of the good associated with a particular consequentialism is broad enough, i. e. , includ es autonomy as one of the goods, it can be equivalent to the autonomy theory (assuming that the structure of the autonomy view is a maximizing one). A different theoretical basis is (moral) contractualism. On this view if there are cases of justified paternalism they are justified on the basis that we (all of us) would agree to such interference, given suitable knowledge and suitable motivation.So, for instance, it might be argued that since we know we are subject to depression we all would agree, at least, to short-term anti-suicide interventions, to determine whether we are suffering from such a condition, and to attempt to cure it. More generally, we might accept what Feinberg called â€Å"soft paternalism. † This is the view that when we are not acting fully voluntarily it is permissible to intervene to provide information, or to point out defects in our rationality, but that if we then do make a voluntary choice it must be respected.Or we might agree to being forced to w ear seat-belts knowing our disposition to discount future benefits for present ones. The justification here is neither consequentialist nor based simply on the preservation of autonomy. Rather either kind of consideration may be taken into account, as well as others, in determining what we would reasonably agree to (Sunstein, 2003). When managers try to act as father figures to their employees, they are practicing paternalistic management approach. These managers often give attention to their employees' social needs to maintain engagement and productivity.Paternalistic management training style also involves decision making without employee consultation. The only difference it has with authoritarian style is that decisions are made considering the employee's best interests. Although employees did not have decision making participation, their welfare was considered, thus increasing employee motivation. Most of the time, surveys and investigations are conducted to know how employees w ill take a certain decision especially when changes are implemented (www. ehow. com). Paternalistic  managers give more attention to the social needs and views of their workers.Managers are interested in how happy workers feel and in many ways they act as a father figure (pater means father in Latin). They consult employees over issues and listen to their feedback or opinions. The manager will however make the actual decisions (in the best interests of the workers) as they believe the staff still need direction and in this way it is still somewhat of an autocratic approach. The style is closely linked with Mayo’s Human Relation view of motivation and also the social needs of Maslow (www. tutor2u. net). However, there’s more to influencing than just passing along orders.The example you set is just as important as the words you utter. And you set an example – either good or bad – with every action you take and word you speak, on or off duty. By using your words and example, you must communicate purpose, direction, and motivation to them. Whilst â€Å"paternalism† is defined as a kind of system under which an authority undertakes to supply necessities or regulate conduct of those under its control in matters of affecting them as individuals as well as in their relationships to authority and to each other.Thus paternalism is to supply needs for those under its protection or command, while leadership is to get things done. Paternalism is directed inwards, while leadership is directed outwards (www. ed-leadership. com). In its paternal aspect, it harkens in the line of a father being firm though has good intentions in the life of one’s children and in the business limelight, the employees. The typical paternalistic manager most of the time explains the specific reason as to why he has taken certain actions in management and for his employees (Sullivan, 2005).Two-factor theory distinguishes between: Motivators  (e. g. , c hallenging work, recognition, responsibility) that give positive satisfaction, arising from intrinsic conditions of the job itself, such as recognition, achievement, or personal growth, and Hygiene factors  (e. g. status,  job security,  salary,  fringe benefits, work conditions) that do not give positive satisfaction, though dissatisfaction results from their absence. These are extrinsic to the work itself, and include aspects such as company policies, supervisory practices, or wages/salary.Essentially, hygiene factors are needed to ensure an employee is not dissatisfied. Motivation factors are needed to motivate an employee to higher performance. Herzberg also further classified our actions and how and why we do them, for example, if you perform a work related action because you  have  to then that is classed as  movement, but if you perform a work related action because you want  to then that is classed as motivation (www. netmba. com).Health promotion is defined as behavior motivated by the desire to increase well-being and actualize human health potential. It is an approach to wellness. On the other hand, health protection or illness prevention is described as behavior motivated desire to actively avoid illness, detect it early, or maintain functioning within the constraints of illness (Kozier, 2004). Health promotion services are essential for improving the health of populations everywhere.It is noted that people of all ages can benefit from the health promotion care, which should be delivered at sites where people spend much of their time (eg schools and workplaces). Nurses can develop and execute health promoting interventions to individuals, groups, and families in schools, nursing centers, occupational health settings and the community at large. Nurses should work toward empowerment for self care and enhancing the client's capacity for self care through education and development (Wills,2007).Business process outsourcing or BPO is one of the fastest growing industries worldwide and this is especially true in the Philippines where offshore call center outsourcing services have led the business process outsourcing industry into tremendous growth. The Philippines is has proven to be an excellent venue for offshore call center outsourcing services for three important reasons: the country’s low labor costs, presence of reliable technology and availability of college graduates who posses high level of English and IT skills.Call centers in the Philippines operate 24 hours a day, 7 days a week. They handle inbound and outbound calls and are able to offer multilingual offshore call center outsourcing services in different fields of business to include customer care, marketing, sales, technical support, among others. Offshore call center outsourcing services in the Philippines cater to various industries such as retail, financial services, technology, travel and hospitality and telecommunications, among others (www. piton-global. com).The  Filipino call center industry has helped the country move up the ladders of technological advancement and living standards, leaving its fellow developing countries behind. In the rat race of development, the arrival of the Filipino call center has made such an impact to the once laid-back, culturally torn, and politically chaotic nation. It is therefore right to say that the Filipino call center and BPO industry is a breakthrough for Philippine society and a blessing to its people. What basically makes the industry a breakthrough is its ability to address unemployment in significant percentages.Although it is true that several turnovers occur, the number of hired Filipino call center workers, along with the growing number of call centers that are launching mass recruitment campaigns, are big enough to overshadow turnover incidences. The Filipino call center and BPO industry has been the undisputed number 1 employer for years now and, in view of its current position as the leading BPO hub in the world, it will continue to do so for many years to come. That in itself will make Filipino call center agents proud to be part of this breakthrough undertaking.As for being blessed, anyone who has worked in the Filipino call center industry and stayed there longer would attest to that. Many in the Filipino call center labor force are very grateful that their work is able to pay their monthly bills, send their children to school, or support their families living somewhere in the provinces. Work in Filipino call centers is also a favorable set up for the young and dynamic, who can keep up with the latest gigs as well as maintain their upbeat lifestyle.One of the problems faced by the Filipino call center industry is the fast turnover of its agents. At a distance, this seems like an uncontrollable problem. The real deal is that attrition in the industry can be prevented, if not solved. What management has to do is to assess the important fact sur rounding the Filipino call center workforce: majority of them are young. The youth has a set of common traits that make them prone to employment dilemmas. Being young is always accompanied by a sense of dynamism and adventure.Working in a Filipino call center company may frustrate them in the long run. For one thing, Filipino call center agents just stay in one place for the whole of eight hours. The routinary tasks of reading scripts daily, updating call leads, and filling information in the call log, and other repetitive speech and duties make young people working for Filipino call centers feel as if their life is being compromised. Thus, they would once more search for jobs that will afford them utmost freedom or at least provide them with enough motivation to work.Furthermore, there is a growing trend of materialism among them because the industry they belong to pays higher than the rest – even the government for that matter. Most Filipino call center firms are also situa ted at highly commercialized areas or economic zones, through which famous restaurants and coffee shops, top brands, and dusk-‘til-dawn bars plough their trade. One of the challenges of employers is to divert the attention of these young workers from such a worldly culture and bring back their purpose-driven and career-oriented idealism (www. filipinocallcenter. om). The above theories and literature served as the backbone of this study and this will serve as a basis for conducting a study to determine the paternalistic management approach of company nurses in a Business Process Outsourcing (BPO) company. THE PROBLEM Statement of the Problem This study will determine paternalistic management approach of company nurses in a Business Process Outsourcing (BPO) company. Specifically, this study will seek answers to the following inquiries: 1. What is the background characteristics of the respondents in terms of: 2. age; 2. 2 gender; 2. 3 civil status; 2. 4 years of formal educatio n? 2. What is the level of knowledge of the respondents on Paternalistic Approach of Management? 3. What is the level of Paternalistic Approach Practices of the respondents? 4. Is there a significant relationship between the following: 5. 5 Profile and Level of Knowledge 5. 6 Profile and Level of Practice 5. 7 Level of Knowledge and Level of Practice? 5. How has the Paternalistic approach influenced the working relationship between the respondents and the call center agents? 6.How has the call-center agents responded to the Paternalistic Approach of the respondents? Statement of the Null Hypothesis Ho1. There is no significant relationship between the following: 1. 1 Profile and Level of Knowledge; 1. 2 Profile and Level of Practice; 1. 3 Level of Knowledge and Level of Practice. Significance of the Study Paternalistic management approach can be a great help in terms of dealing in a difficult situation. Thus, a nurse must be able to comprehend the needs of every patient visiting the clinic. The result of the study would benefit the following:The Company Nurses. They will find some methods or approaches in treating and caring for their patients. They will also be able to facilitate on improving some of the clinic policies regarding health issues of their patients. The Call Center Agents/Workers. This study will be able for them to appreciate the importance of health and its benefits when given proper treatment and proper evaluation. The Team Leaders of each Operation. They will give awareness in dealing with their agents who frequently visited the clinic The Administrators of Business Process Outsourcing (BPO) Company.They will find ways and means to cater the needs of their employees regarding health issues and health problems. The Researcher. Through this study the researcher will be able to give some insights about health management and approaches. Future Researchers. This study will serve as future reference for further research study in the future. RESEARC H METHODOLOGY Research Design This study will utilize the descriptive-correlational survey method using qualitative and quantitative approaches to determine the paternalistic management approach of company nurses in a Business Process Outsourcing company.Research Environment This study will be conducted at Wipro BPO Phils. , located at Cebu Business Park in Cebu City and headed by its country head Mr. Gupta Romit (an Indian citizen). Mr. Rex Bispo is the senior manager of Wipro BPO Phils. Branch of Cebu. Since there are Wipro companies situated all over the world. The company started its operation in January 2008 with 400-500 employees at that time. The company occupied the ground floor, 9th floor, 10th floor, 11th floor and 12th floor in the building. The clinic is located at the 11th floor and is manned by a registered nurse.The clinic schedule is 24/7, from Monday to Sunday and it is even open during holidays. The employees ask some over the counter medicines in the clinic to aid their condition. Since they are allowed to have an hour rest for the day, they will have to ask permission from their team leaders or supervisors to do so. Now, there are 700-1000 employees working at Wipro BPO Phils. And even have another branch in Manila which started their operation on 2010. Research Respondents This study included 3 company nurses as key informants.They will answer the Part I-IV of the questionnaire. There will be 8 selective call-center agents as the respondents for the Part V of the research tool. This study used a universal sampling in gathering data. Research Instrument The study will use a researcher-made questionnaire to be used as an interview guide. The questionnaire will be divided into 5 different sets. The Part I is the profile of the key informants. The Part II is for the Level of Knowledge with its parameter limit. The Part III is the Level of Practice with its parameter limit.The Part IV is based on the Influenced of paternalistic management appro ach using qualitative questions. The Part V is the response of the Call Center agents regarding the paternalistic management approach using qualitative questions. Research Procedures Data Gathering The researcher will make transmittal letters in allowing a research study. These letters of requests are for asking permission to conduct a survey. Pre-testing will be done. After the pre-testing, the questionnaire will be then revised to fit for the actual study.The questionnaire included important queries to relate to the study of Paternalistic Management Approach of Company Nurses in Business Process Outsourcing Company. The questionnaire will be then distributed to company nurses and selective call center agents. Each respondent will be given 20-25 minutes to answer the researcher-made questionnaire. The researcher will be visiting everyday for data gathering. After the retrieval of the questionnaire, it will be tallied, tabulated, analyzed and then interpreted as based on the gathere d data. Data AnalysisTo get the result of demographic profile of the company nurses, Simple Percentage will be used. To determine the responses rating of company nurses in the Level of Knowledge and the Level of Practice, Weighted Mean will be used. It will be then categorized and given weight using a â€Å"Likert’s Four Point Rating Scale† The assigned equivalent weights of the responses will be: Level of KnowledgeLevel of Practice 4= Very Important4= Often 3= Important3= Sometimes 2= Unimportant2= Seldom 1=Very Unimportant1= Never The parameter of every response category will be defined through these limits: Level of KnowledgeLower Limit| Upper Limit| Response Category| Interpretation| 3. 26| 4. 00| Very Important| Very Good| 2. 51| 3. 25| Important| Good| 1. 76| 2. 50| Unimportant| Fair| 1. 00| 1. 75| Very Unimportant| Poor| level of Practice Lower Limit| Upper Limit| Response Category| Interpretation| 3. 26| 4. 00| Often| Very Good| 2. 51| 3. 25| Sometimes| Good| 1 . 76| 2. 50| Seldom| Fair| 1. 00| 1. 75| Never| Poor| The Chi-Square will be utilized to determine the relationship between the Profile and Level of Knowledge, and Profile and Level of Practice.To determine the relationship between the Level of Knowledge and Level of Practice of company nurses, the Pearson-r will be used. The Thematic Content Analysis will be utilized to get the result of the responses of Part IV and Part V of the research tool. DEFINITON OF TERMS For a clear understanding of the thesis, the following terms are defined operationally. Background Characteristics-is the description of the key informants who are being studied. It is use to identify age, gender, civil status and years of formal education.Call Center Agents – means people that are hired in a Business Process Outsourcing (BPO) company. Their opinions and views are being studied regarding the Paternalistic Management Approach. Company Nurses-emphasizes the key informants of this study. They are regis tered nurses working in a Business Process Outsourcing (BPO) company. Influence –refers to the outcome of Paternalistic Management Approach between the working relationship of Company Nurses and the Call Center Agents. Knowledge on Paternalistic Approach- implies on the understanding of Paternalistic Management Approach.Level of Knowledge- means the degree of understanding about Paternalistic Management Approach of Company Nurses working in a Business Process Outsourcing (BPO). Having variables of very important, important, unimportant, and very unimportant. Level of Paternalistic Approach Practice- refers to the degree of a repeated action of Paternalistic Management Approach of Company Nurses working in a Business Process Outsourcing (BPO) company. Paternalistic Approach- means a father-figure kind of a method which has a softer side when company nurses are dealing with patients who are working in a Business Process Outsourcing (BPO) company.Paternalistic Approach Practice- implies on the repeated action of the Company Nurses using Paternalistic Management Approach in a Business Process Outsourcing (BPO) company. Respondents- are the key informants of this study. The Company nurses are the one who are being studied. Response-refers to the reaction of the Call Center Agents regarding the Paternalistic Management Approach as practiced by Company Nurses in a Business Process Outsourcing (BPO) company.

Do these cliché career tips actually work

Do these clichà © career tips actually work Does this sound familiar? You’re trying to figure out your future and you’re in the midst of some serious career planning, when all of a sudden you’re inundated on all sides by a hurricane of advice on what to do, what not to do, and how to move forward. The truth is, when it comes to career planning most people think they have all the right answers when they’re dishing out clichà ©d and uninformed advice to others, and if you’re the unwitting recipient of these tired tips from everyone in your life you’re likely feeling overwhelmed and unsure of where to turn.Don’t bother doing a blind search on the Internet for career tip guidance- you’ll only encounter the same sort of tired advice that contradicts itself and takes all sides and forms depending on where you look. So, with all of this â€Å"career noise† at every turn, how do you know what to believe and follow?You should always do what you love.This is a nice thought, and it would be an interesting world if everyone got to do exactly what they want to do or love. But the truth is, reality sometimes holds a different view of how our careers should play out. While it can be a good idea to pursue a dream, it can be foolhardy to pursue it forever- after all, a noble pursuit like following your dream won’t pay your bills. Besides, it’s possible to find happiness and fulfillment while pursuing a backup plan. Use logic and reality as your guide when deciding between pursuing your dream and choosing an acceptable alternative.Don’t leave your current job until you have a new one lined up.This job advice tidbit is as old as it gets- but does that necessarily mean it’s sound advice? This tip gets particularly murky if your job environment is especially toxic or unhealthy. Sure, it makes sense to have a steady paycheck and job history while job hunting and until something new comes along, but life is short and if you’re re ally in a difficult or miserable spot, then it may be worthwhile to see if you can survive if you left your job. Besides, it’s easier to job hunt when you have more time to focus on it. Once again, fully weigh your situation, along with the pros and cons, and decide wisely.Don’t leave a job before you’ve been there for at least a year.Everyone has heard this one before, but is it actually sound advice? Employers like to work with people who stick around since it’s so expensive to recruit and train them.†However, they also suggest that reality might not be so black and white: â€Å"While you want to avoid having  lots  of short stays in your job history, most people will understand if there was a particular situation that wasn’t great. If it’s your boss or the day-to-day nature of your work that’s  not what you expected, keep in mind that there are sometimes options to change positions without leaving the organization. Sta rt by looking for new responsibilities and discussing a  transfer to another team. If, after that, you’re still itching to get out, update your resume and re-start your job hunt.†If you change your field you’ll have to start at the bottom.Are you finding yourself in a position where you’re thinking of a complete career overhaul? If so, then you’ve undoubtedly encountered this advice, which came from the notion that you always have to â€Å"pay your dues† when starting out in an industry and work your way up from the bottom. But whoever originally came up with this one obviously never thought about the value of transferable work experience and skills. According to The Muse, â€Å"if you’ve already put time into your current career, you probably have more skills that transfer from field to field than you recognize. Not just that, but your years of work have also taught you how to network, which can play a role in getting off the groun d floor.† Bottom line: recognize your value and transferable skill set when considering what positions in other fields make sense for you, and don’t let this tired old clichà © deter you from pursuing a new career in a new field.There you have it- a fresh look on some old career tip clichà ©s. Use the information provided here to help declutter your brain when it gets too full of competing advice and you’ll be on your way to make smart career decisions in no time.

7 Disadvantages of Joining a Fraternity or Sorority

7 Disadvantages of Joining a Fraternity or Sorority The benefits of joining  a fraternity or sorority are many, and its important to realize that Greek life in college has a lot of impressive things to offer. Its also important, however, to realize that there might be some challenges. So just what do you need to be aware of before officially pledging? You Might Be Stereotyped by Peers Even if you had a great impression of fraternities and sororities before you came to college - and an even better one once you learned about all the great initiatives your schools Greek organizations do - not all students share the same perception. Ignorant or well-informed, your fellow students might stereotype you once they know you belong to a certain Greek house. And while there might not be much you can do about that, its important to at least keep in mind. You Might Be Stereotyped by Faculty You might be having an amazing, life-changing experience as a member of your fraternity or sorority. But your professors - who were, after all, college students themselves once - might not have had as great of an experience during their own undergraduate years. Or they could have had problems in the past with students from your particular organization. While you are your own person and should be judged accordingly, just be aware of the perceptions some faculty members might have about how you spend your time outside of class. You Might Be Stereotyped by Future Employers While your Greek organization might be dedicated to, say, the study of biology or to social justice, an employer might not realize that while quickly skimming resumes. And while belonging to a fraternity or sorority with a large network can be an incredible asset, there might also be some challenges along the way. Being Active Can Be a Major Time Commitment Does this necessarily have to be a drawback to membership in your house? Of course not. But it is something to be aware of in advance, especially if you struggle with time management or you know that your time is going to be extremely limited during your college years. Joining Can Be Expensive While there often are scholarships available to students who need them to remain members of their Greek community, theres no guarantee those scholarships are going to come through. If finances are tight, make sure you are aware of what financial obligations youll have to your house. Ask about joining fees, dues, and other expenses - such as helping fund an annual event - that youll be responsible for. There Can Be Strong Personality Conflicts This, of course, is inevitable whenever youre involved with a group of people. And youll undoubtedly encounter personality conflicts in everything from your Chemistry study group to your rugby teammates. Keep in mind, however, that personality conflicts in a fraternity or sorority can get especially tense, given that people spend so much time together and often live in a shared space for several years in a row. You May Sometimes Feel Stuck in Routine and Commitments This years Halloween party might seem like the most amazing thing ever. But after working on it for months in advance, three years in a row, the Halloween party during your senior year might lose some of its ​luster. There can be ways to branch out and try new things within your fraternity or sorority, and a good one will encourage you to do so. Just be aware of what it will mean to pledge the rest of your college experience to one particular group.

Exodus Venture Capital Ltd Assignment Example | Topics and Well Written Essays - 1500 words

Exodus Venture Capital Ltd - Assignment Example References 9 Exodus Venture Capital Ltd: Investment Decision Introduction Every business that comes into existence has some objective. While for non-profit organizations, these might be service to humanity and meeting basic needs of communities, for commercial enterprises it is most certainly the profit motive that is the focus of attention for the owners and management. We see that both Brindley Ltd. and Haines Ltd. are in the same industry sector of building materials. It thus makes sense to compare results of those companies that are in the same industry sector and therefore are faced with the same opportunities and threats from the external environment. Meanwhile the internal structure and organization of a particular firm would signify its strengths and weaknesses. Industry averages as computed by financial dailies like the Financial Times and rating agencies such as Dunn & Bradstreet, Standard and Poor and Value Line can also serve as a good baseline by which to compare and con trast the results of a particular firm (Weston et al, 2006, 73). The Importance of Financial Ratios In the absence of further information, financial ratios are a good way of determining the financial health and viability of a business enterprise. In other words, they give us a picture of the status of the business at a certain point in time. It has been agreed by the business and financial community that certain types of ratios are important to different stakeholders the world over. Thus we have different types of ratios as well such as liquidity ratios, profitability ratios, investment ratios etc. Debtors, creditors or investors, all these parties are interested in whether the business enterprise in question will be able to repay them their outstanding or give suitable returns on the capital invested in the business. Ratio analysis not only gives us a good idea of this possibility but also a comparative picture of how the firm is doing in comparison to others in the same industry s ector (Meigs & Meigs, 1993, 793). Thus popular websites such as Yahoo Finance not only have details of stock prices, fluctuations and ratios but also a comparison with industry averages. Such comparisons help us reflect not only on company performance but policy as well. For example the company might have too lenient a credit policy which might create stuck up loans and liquidity problems. It may find it difficult to attract additional funds from the public via share issue if it has a poor record of dividend declaration and payment. Types of Financial Ratios The most common types of financial ratios are as follows: 1. Short Term Solvency/ Liquidity Ratios 2. Long Term Solvency/ Debt Equity Ratios 3. Profitability Ratios 4. Asset Utilization Ratios 5. Investment Ratios (Rao, 1992, 112) Evaluation of Brindley Ltd. & Haines Ltd. Using Financial Ratio Analysis Short Term Solvency/ Liquidity Ratios 1. Current Ratio= Total Current Assets / Total Current Liabilities For Brindley Ltd. : ? 9 10,000 / 520,000 = 1.75: 1 For Haines Ltd. : ? 1050,000 / 600,000 = 1.75: 1 Incidentally, both companies have the same liquidity ratio so it seems both are equally preferred from the viewpoint of ratio analysis. 2. Quick/ Acid Test Ratio= Total Current Assets – Inventories – Trade Rec./ Total Current Liabilities For Brindley Ltd. : ? 60,000 / 520,000 = : 0.115: 1 For Haines Ltd. : ? 50,000 / 600,000 = 0.083: 1 Here we can see that Brindley Ltd. is in a slightly better position than Haines Ltd. However both firms would be unable to settle their