BBMF2093 CORPORATE FINANCE - 5287 Words

BBMF2093 CORPORATE FINANCE DEGREE IN BUSINESS STUDIES (Finance and Investment) ACADEMIC YEAR 2013/14 COURSEWORK Submitted by: Caleb Chan Yeung Zen 13WBR11358 Chin Yong Hao 13WBR11575 Chuah Zheng Hong 13WBR10041 Leong Wai Hong 13WBR11033 TUTOR: AP Dr. Wong Pik Har TUTORIAL GROUP: 2 RFI 4 TITLE: YTL Power Financing Analyst DATE OF SUBMISSION: 4th July 2014 Plagiarism Statement Read, complete and sign this statement to be submitted with your written work. We confirm that the submitted work are all our own and are in our own words. Name (Block Letters) ID No. Signature 1. 2. 3. 4. 5. 6. Programme †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Tutorial Group †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Date †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦show more content†¦Group member contributed to group discussion. Group member always offered to help or volunteered for tasks. Group member had assigned tasks completed on time. 50% Group member missed group meetings without making alternative arrangements with other group members. Group member assigned tasks were only partly completed or poorly completed. Group member did not contributed to the group effort or volunteer for tasks. 0% Group member attended few meetings and made no contribution to the assignment. Name of student: ID: Instructions: Place the name of each of the members in your group in the space provided below. Appraise each of the members in your group by circling one of the totals shown below (i.e. 100%, 50% or 0%) Group Member 1. 100% 50% 0% 2. 100% 50% 0% 3. 100% 50% 0% 4. 100% 50% 0% 5. 100% 50% 0% 6. 100% 50% 0% Note: Failure to submit a Group Member Appraisal Form will result in a ZERO appraisal being recorded against your name. Group Member Appraisal Form This basis of this evaluation is your group member’s commitment to completing the assignment and to their regard for other members of the group. It should be based on the contribution given by each member and his or her involvement in this

Biography of Blaise Pascal, Inventor of the Calculator

French inventor Blaise Pascal (June 19, 1623–Aug. 19, 1662) was one of the most reputed mathematicians and physicists of his time. He is credited with inventing an early calculator, amazingly advanced for its time, called the Pascaline. Fast Facts: Blaise Pascal Known For: Mathematician and inventor of an early calculatorBorn: June 19, 1623 in Clermont, FranceParents: Étienne Pascal and his wife Antoinette BegonDied: August 19, 1662 in Port-Royal abbey, ParisEducation: Home-schooled, admitted to meetings of the French Academy, studies at Port-RoyalPublished Works: Essay on Conic Sections (1640), Pensà ©es (1658), Lettres Provinciales (1657)Inventions: Mystic Hexagon, Pascaline calculatorSpouse(s): NoneChildren: None Early Life Blaise Pascal was born at Clermont on June 19, 1623, the second of three children of Étienne and Antoinette Bà ©gon Pascal (1596–1626). Étienne Pascal (1588–1651) was a local magistrate and tax collector at Clermont, and himself of some scientific reputation, a member of the aristocratic and professional class in France known as noblesse de robe. Blaises sister Gilberte (b. 1620) was his first biographer; his younger sister Jacqueline (b. 1625) earned acclaim as a poet and dramatist before becoming a nun. Antoinette died when Blaise was 5. Étienne moved the family to Paris in 1631, partly to prosecute his own scientific studies and partly to carry on the education of his only son, who had already displayed exceptional ability. Blaise Pascal was kept at home in order to ensure he was not being overworked, and his father directed that his education should be at first confined to the study of languages. He requested that mathematics not be introduced until his son was 15. This naturally excited the boys curiosity, and one day, being then 12 years old, he asked what geometry was. His tutor replied that it was the science of constructing exact figures and of determining the proportions between their different parts. Blaise Pascal, stimulated no doubt by the injunction against reading it, gave up his play-time to this new study, and in a few weeks had discovered for himself many properties of figures, and in particular the proposition that the sum of the angles of a triangle is equal to two right angles. In response, his father brought him a copy of Euclid. A genius from a young age, Blaise Pascal composed a treatise on the communication of sounds at the age of 12, and at the age of 16 he composed a treatise on conic sections. A Life of Science At the age of 14, Blaise Pascal was admitted to the weekly meetings of Roberval, Mersenne, Mydorge, and other French geometricians, from which, ultimately, the French Academy sprung. In 1641, at the age of 18, Pascal built his first arithmetical machine, an instrument which, eight years later, he further improved and called the Pascaline. His correspondence with Fermat about this time shows that he was then turning his attention to analytical geometry and physics. He repeated Torricellis experiments, by which the pressure of the atmosphere could be estimated as a weight, and he confirmed his theory of the cause of barometrical variations by obtaining at the same instant readings at different altitudes on the hill of Puy-de-Dà ´me. The Pascaline The idea of using machines to solve mathematical problems can be traced at least as far back as the early  17th century. Mathematicians who designed and implemented calculators that were capable of addition, subtraction, multiplication, and division included Wilhelm Schickhard, Blaise Pascal, and Gottfried Leibniz. Pascal invented his numerical wheel calculator called the  Pascaline  to help his father, by then a French tax collector, count taxes. The Pascaline had eight movable dials that added up to eight figured long sums and used base ten. When the first dial (ones column) moved 10 notches, the second dial moved one notch to represent the tens column reading of 10. When the second dial moved 10 notches, the third dial (hundreds column) moved one notch to represent one hundred, and so on. Blaise Pascals Other Inventions Roulette Machine Blaise Pascal introduced a very primitive version of the roulette machine in the 17th century. The roulette was a by-product of Blaise Pascals attempts to invent  a  perpetual motion machine. Wrist Watch The first reported person to actually wear a  watch  on the wrist was Blaise Pascal. Using a piece of string, he attached his pocket watch to his wrist. Religious Studies In 1650 while he was in the midst of this  research, Blaise Pascal suddenly abandoned his favorite pursuits to study religion, or, as he says in his Pensà ©es, contemplate the greatness and the misery of man. At about the same time, he persuaded the younger of his two sisters to enter the Benedictine abbey of Port-Royal. In 1653, Blaise Pascal had to administer his fathers estate. He took up his old life again and conducted several experiments on the pressure exerted by gases and liquids. It was also about this period that he invented the arithmetical triangle, and together with Fermat he created the calculus of probabilities. He was meditating marriage when an accident again turned his thoughts to religious life. He was driving a four-in-hand carriage on November 23, 1654, when the horses ran away. The two leaders dashed over the parapet of the bridge at Neuilly, and Blaise Pascal was saved only by the traces breaking. Death Always somewhat of a mystic, Pascal considered this a special summons to abandon the world. He wrote an account of the accident on a small piece of parchment, which for the rest of his life he wore next to his heart to perpetually remind him of his covenant. He moved to Port-Royal shortly after, where he continued to live until his death in Paris on August 19, 1662. Constitutionally delicate, Pascal had injured his health by his incessant study; from the age of 17 or 18 he suffered from insomnia and acute dyspepsia, and at the time of his death he was physically worn out. He neither married nor had children, and at the end of his life he became an ascetic. Modern scholars have attributed his illness to a variety of possible ailments, including gastrointestinal tuberculosis, nephritis, rheumatoid arthritis, fibromyalgia, and/or irritable bowel syndrome. Legacy Blaise Pascals contribution to computing was recognized by computer scientist Nicklaus Wirth, who in 1972 named his new computer language Pascal (and insisted that it be spelled Pascal, not PASCAL). The Pascal (Pa) is a unit of atmospheric pressure named in honor of Blaise Pascal, whose experiments greatly increased knowledge of the atmosphere. A pascal is the force of one newton acting on a surface area of one square meter. It is the unit of pressure designated by the International System.100,000 Pa 1000 mb or 1 bar. Sources OConnell, Marvin Richard. Blaise Pascal: Reasons of the Heart.  Grand Rapids, Michigan: William B. Eerdmans Publishing Company, 1997.  OConnor, J. J. and E. F. Robertson. Blaise Pascal. School of Mathematics and Statistics, University of St Andrews, Scotland, 1996. WebPascal, Blaise. Pensà ©es. Trans. W.F. Trotter. 1958. Intro. T.S. Eliot. Mineola, NY: Dover, 2003. Print.Simpson, David. Blaise Pascal (1623–1662). Internet Encyclopedia of Philosophy, 2013. Web.  Wood, William.  Blaise Pascal on Duplicity, Sin, and the Fall: The Secret Instinct. Oxford: Oxford University Press, 2013.

Evaluating the Success of the Enforcement of Prohibition...

Evaluating the Success of the Enforcement of Prohibition in the United States Prohibition was the banning of alcohol in the U.S.A. It was the 18th amendment and was known as the national prohibition act. It was also given the name the Volstead act because it was put into practice by Andrew.J.Volstead. Prohibition had its ups and downs. It was successful in many ways but was also a failure according to other matters. One of the reasons due to which prohibition failed was because of the size of America. It was a vast amount of land therefore made it difficult to patrol. It had a large population which gave another reason for difficulty in patrolling. There were two oceans (Pacific †¦show more content†¦Leading on from this was the attitude of the government to this movement of prohibition. They wanted to enforce prohibition because America was all well at the time and they didnt want any risks of this to be spoilt. They felt alcohol was a cause for statistics and risks rising. They felt prohibition was needed in order for safety. This was a short term cause because it was the conditions during the roaring twenties alone. This was a good idea but wasnt successful because of the other failures. The government started to see that quantities of liquor were being smuggled into their country and so they decided on bringing in fines. If you were caught with illegal liquor you would be fined. If you could not pay off this fine then you would be taken to court. After you r case if you still couldnt pay off this fine you would be excused this maybe because you are unable to afford this. This did have a slight effect but wasnt a major reason of succession as it did fail in some ways. This was also a short term cause as they were only fined for illegal liquor and so when they out the 21st amendment into practice this fine would no longer be needed. Another major reason which failed to succeed and caused difficulties into enforcing prohibition was because of the gangsters at the time.Show MoreRelatedmarijuana legalization2370 Words   |  10 Pages1937, the United Sates of America passed the Marijuana Tax Act, which made transfer or possession of cannabis (marijuana plant) illegal throughout the US under federal law. Studies conducted throughout the years have proven that cannabis can be utilized as a medical supplement. In fact 20, states and the District of Columbia have passed laws to legalize marijuana under certain medical conditions. According to the White House, it is the most commonly used recreational drug in the United States. It hasRead More Legalize drugs Essay example2773 Words   |  12 Pages Such an issue stirs up moral and religious beliefs; beliefs that are contrary to what America should quot;believequot;. However, such a debate has been apparent in the American marketplace of ideas before with the prohib ition of alcohol in the 1920s. With the illegality of alcohol the mafia could produce liquor and therefore had considerable control over those who wanted their substance and service. The role that the mafia played in the 1920s has transformed into the corner drug dealers andRead MoreMexican Drug Cartels: Problem of the Past or Indication of the Future?1688 Words   |  7 Pagesrumored to lead Mexico to become a failed state. George W. Grayson, regular lecturer at the United States Department of State, has made more than one-hundred and twenty-five research trips to Mexico, and is considered an expert on U.S.-Mexican relations. A recent book by Grayson, Mexico: Narco-Violence and a Failed State, describes the depressing situation provoked by drug cartels, and debates the controversial argument of whether Mexico will become a failed state. Narco-violence in Mexico will be analyzedRead MoreThe War On Drugs And The United States Essay2046 Words   |  9 PagesFor many years, drugs hav e been the center of crime and the criminal justice system in the United States. Due to this widespread epidemic, President Richard Nixon declared the â€Å"War on Drugs† in 1971 with a campaign that promoted the prohibition of illicit substances and implemented policies to discourage the overall production, distribution, and consumption. The War on Drugs and the U.S. drug policy has experienced the most significant and complex challenges between criminal law and the values ofRead MoreThe Belief Of Righteousness And Justice2175 Words   |  9 Pagescombined with fair and equal treatment under the law (Wallis, 2014). Throughout scripture, God is the advocate and guardian for the poor, debtor, widow, and orphan (Wallis, 2014). Nevertheless, justice can also mean liberation, triumph, vindication or success for everyone. Justice is part of God’s purpose in redemption (Wallis, 2014). Dating back at least seven thousand years, the history of crime began in the first book of the Bible. With Genesis telling the story of Cain and Able, the principleRead MoreDaniels Mary ASSIGNMENT 13359 Words   |  14 Pagesall other assets have to be allocated to or managed by people. Organizations that value people or can make people feel validated, have the advantage and control of their most important resource, and go farther in ensuring the short and long term success of their particular organizations. 2. Suppose your boss asked you to summarize the major people related concerns related to opening an office in China. What issues would be on your list? 4 points Opening a company in China, one of the major dutiesRead MoreHow The Efforts Of Global Accounting Needs Global Standard Ethics? Essay3565 Words   |  15 Pagesyou today, the constant dilation of global concern opportunities and the AICPA s convergence efforts hide hearing and ethics standards will likely impact your practice rather than you meditate. Many in the profession assent on the appreciate of united accounting and auditing standards. A similar in close may be made for a global ethics standard. Consider this scenario: A Malaysian firm that hearing a Malaysian company issues its hearing hearsay in accordance with the International Standards onRead MoreEssay Paper84499 Words   |  338 Pagesthe Army Equal Opportunity Program, Prevention of Sexual Harassment, and the Army Sexual Assault Prevention and Response Program. Applicability. This regulation applies to the Active Army, the Army National Guard/Army National Guard of the United States, and the U.S. Army Reserve, unless otherwise stated. During mobilization, the Contents proponent may modify chapters and policies contained in this regulation. Chapters 6 and 7 and appendixes E and F apply to Army National Guard SoldiersRead MorePricing Competition in the Beer Industry:7133 Words   |  29 PagesAbstract: The beer industry in the United States is continually changing and therefore companies in this industry must be versatile. Their versatility comes in a variety of forms, from changing their product offering, to changing their strategic goals, and finally, recognizing opportunities and threats. This paper explores many aspects of the industry though the use of Porters five forces model. I will analyze the internal rivalry present in the industry, any buyer or supplier power that is presentRead MoreCase 1 Fordlandia2871 Words   |  12 Pages WHAT IS THE CASE ABOUT? 2. WHAT ARE THE TRADE-OFFS FORD MOTORS FACES AT THE FORDLÂNDIA PLANTATION? 3. 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Mental Disorders And Its Effects - 1437 Words

Mental disorders are a result of different problems associated with the brain, and each problem has various symptoms. These disorders of the brain are normally characterized by different factors that are combined, such as emotions, relationships, behavior and abnormal thoughts. There are many reasons why mental disorders affect people, including family history and genes, life pressures and habits. Other factors like a history of drug abuse, stress, biology, a traumatic brain injury, exposure to toxic chemicals while pregnant, and even cancer may lead to mental disorders. Some examples of mental disorders include drug-related disorders, bipolar disorder or depression disorders, schizophrenia, intellectual disorders and disabilities, and†¦show more content†¦Feelings of disconnection, nervousness, illogical thinking, changes in the mood, changes in appetite or sleep, and finally acquiring odd or peculiar behavior can also occur (American Psychiatric Association, 2016). Bipolar disorder is a medical condition that affects the brain, making it a mental illness. It is also called manic depression, which explains why individuals with bipolar disorder are said to experience manic episodes. Such manic episodes cause strange changes in mood and vitality and affect the ability of individuals to carry out their activities of daily living (ADLs). Symptoms of this disorder can result in a high level of disruption in the way individuals interact with other people, diminishing their productivity in school or work, sometimes even extending to extreme cases that can lead to suicide. The ICD 10 (international coding of disease) for bipolar coding is F31.9 (Godwin, 2010). The etiology of the bipolar disorder is idiopathic, though it results that the genetic composition and environmental components play a significant role as causal factors of this mental illness. Environmental elements can contribute to this disorder, especially if an individual has a history of childhood mistreatment, which can cause long-term stress from strongly negative or painful early childhood experiences. Congenital causal factors that people inherited through genetic markers can also affect or exacerbate the disorder,

The Morality of Zoos Free Essays

The word zoo is a fairly broad term. Zoos are most commonly thought of as an attraction rather than a means for education. More importantly, they are rarely associated with the survival of the human race. We will write a custom essay sample on The Morality of Zoos or any similar topic only for you Order Now While zoos are a form of entertainment for the public and a taxable industry for the government; most of them do in fact research the animals they have in their captivity. This research can be beneficial and life saving for humans and if it were not for this testing, we would not have many key vaccines that we have today. For the sake of this paper the term zoo can be applied to all animals in captivity. This includes those for entertainment, medical testing, and rehabilitation/protection. Tom Reagan wrote on if zoos are morally defensible, but included all of the previously listed forms of captivity under the title of â€Å"zoo†. He argues that zoos are immoral because of rights based principles; however, he fails to see the implications of assuming that animals have equal rights to humans. Although his conclusion is false, it is morally wrong and unnecessary to keep an animal in captivity purely for public amusement and financial gain. Reagan presents two views in proving the immorality of zoos. First is the utilitarian standpoint which claims that the suffering of animals being in captivity far outweighs the suffering of humans had the animals not been in captivity. The second view is the rights based principle, which is that animals have rights and should not be in captivity. He sides with the latter of the two theories, deciding that the utilitarian view fails to asses all of the components of human suffering without zoos. He claims that animals morally have rights to freedom and respect thus making it immoral for humans to take this away from them. The real hitch in his theory though, is how he proposes the moral rights of animals. He claims that they have rights because of their awareness to their existence and therefore knowledge of suffering and pleasure. However, although animals are aware, they are not conscious of cause and effect. They don’t see the morality behind suffering, they just instinctually avoid it. To ascertain that they have the same rationalization powers as humans do on deciding if their actions are causing pleasure or pain, is to give their awareness too much credit. A good paper to prove this point, is Carl Cohen’s Do Animals Have Rights? In it he responds to Regan’s theory that animals have rights. Cohen decides that Regan’s biggest error is associating two different versions of the broadly used term â€Å"inherent value† to formulate his conclusion. Regan claims that because animals have inherent value they are moral agents and should not be used in a fashion that makes them less important than humans. However, Cohen says that just because they have inherent value it does not mean they are moral beings. Surely because they feel pain it is immoral to cause them to suffer needlessly but this does not give them the same rights as humans. Animals live in an amoral world without respect or knowledge of other living thing’s rights. Since they are unaware of morals and rights, it seems absurd to hold them to the same moral standard as humans. It would appear then that when deciding on the moral legitimacy of zoos, it would be correct to separate human rights from the natural laws that animals live by. The natural world is based on survival. Animals kill other animals to survive and out of instinct. House cats torture their prey before killing it, and bears eat their prey alive. Animals act without the knowledge of other living beings having a right to life because it is not a matter of rationalization for them. They do not see the suffering of other animals as a moral issue because they are incapable of grasping such a concept. Because we as humans do have the ability to rationalize we also have the responsibility to avoid causing harm and suffering to other living things. However, humans need to survive too, and if it means keeping animals for medical testing then this should not be looked at any differently than a wolf attacking a human so as to not starve. Animals already use other animals as tools for survival; and if this is the case as it is in medical testing, then captivity should be allowed. Same goes for animal rehabilitation and protection from extinction. Although wildlife preserves are more ideal for most animals in this case, even a small enclosure zoo could be in that particular animal’s best interest concerning its health. Small enclosures and preserves can also give humans lots on insight into the daily routines of animals so as to better protect them from extinction. What is inhumane and immoral however, is using zoos for monetary gain and personal entertainment. Through evolution some animals have become accustomed to human interaction and unnatural surroundings. Those that are not, however, should not be put in captivity for no reason. That’s why we have house pets. How to cite The Morality of Zoos, Essay examples

Issues Faced by Ventura boat Company-Free-Samples for Students

Question: Discuss about the Various Issues faced by Ventura boat Company. Answer: Introduction: Ventura boat is the family owned business that deals with manufacturing luxury boats with the tradition methods and traditional materials (Ventura, 2018). This is the business that is facing some of the technological market issues because of the decrease in popularity of these boats in the Australian market. This is the report that focuses on the SWOT analysis of the company along with the in depth discussion of opportunities and threats that company have. As per the analysis, some of the recommendations have also been discussed in the later part of the report that can be implemented by the company for better business in future. SWOT analysis: SWOT analysis is used in order to identify the strengths, weaknesses, opportunities and threats of the company (Bull, et al. 2016). Following is the SWOT analysis of Ventura boats: Strengths: Market leader: It has been identified from the case that Ventura is the market leader in Australia. It has been realised that it is the business that deals with making the luxury boats and lead in its sector in the Australian market. High quality: as per the case, the boats manufactured or designed by Ventura are high in quality. The company believes in serving the market with quality products and this is the reasons the company is operating in the industry since so many years. Weakness: Reliance on traditional practices: As per the case, Ventura is the business whose activities are dependent on traditional methods and practices. This is one of weaknesses that the company is facing. Lack of technological efficiency: the company is not at all efficient in technologies that are available in the market and facing the competition from the substitutes. The company use all he outdate technologies for its practices and manufacturing. Lack of overseas experience: the company does not have any overseas experience and thus it unable to expand their business to other international market. Opportunities: Overseas market: the biggest opportunity that the company has is expansion of business to the overseas market. This can help the company to overcome the competition issues that the company is facing in Australia. Upgrading the technology: it is required by the company to upgrade their technologies so that they can compete with the other companies in the same industry. Threats: Shrinking of Australian market: it has been realised from the study that the Australian market in the boat industry is shrinking and thus it is a very big threat for the company (Byrnes, et al. 2016). Current products are becoming illegal in the Australian market. Buyout by big companies: it is also a big threat for Ventura as the big companies in the industry are buying the smaller companies like Ventura. Technological advancement: as discussed that technological advancement in the industry is also becoming a great threat for the business of Ventura. Analysis of opportunities and threats: Opportunities: As far as the opportunities for the company are considered, it has been analysed that the company can upgrade its processes and manufacturing activities by integrating better and modern technologies that are available in the market. As more and more companies in the industry are doing the same thus it is required by Ventura should also take initiatives in this direction. The next opportunity that the company can easily exploit is going to the overseas market. As the company is the market leader in Australia thus analysing the situation, it should take initiatives in order to reach the overseas market. This is the great opportunity for the company to enhance the business and to be in the competition. Threats: In terms of threats it has been analysed that the biggest threat for the company is the lack of technology. To stand in the industry, the company has to take changes in its traditional methods to become more competitive in the market. As its old products are becoming illegal in Australia thus it becomes a threat for the company to even remain the business for long. In addition to it, the big players of the industry are ready to buy out the smaller firms that again act as the big threat for Ventura. Last but not the latest is about shrinking of the local market in Australia for the products that Ventura is serving. Recommendations: There are several recommendations for the company: Upgrading the technology: as per the case, it is realised that upgrading the technology in the process will help Ventura in fighting the race and withstanding the competition in the industry. Technological up-gradation can also help the company to face the challenge from the side of government. Expanding to the overseas market: as discussed that the current products and the practices of Ventura is obsolete in nature and soon will be illegal in Australian market thus it will be beneficial for the company to extend its business in the international market. Launching new products variation: the company can also switch to the new and the demanding product. This will help the company to enter the new industry which has better potential to keep up the business (Kiss and Barr, 2017). Merger: merger is also a very good option for the company. It has been recommended that if it cannot be possible for the firm to enter the new market, it has the opportunity to merge with the company already having the overseas activities (Cartwright and Cooper, 2014). This helps the firm to enter the new market without facing any issues or barriers of internationalisation. Conclusion: It has been concluded from the report that Ventura is the business that deals with manufacturing small sized boats and serves the Australia market. The company is facing many issues because it is using the traditional practices that are obsolete in nature as per the technologies that are used by the new players. Thus, it is required by the company to exploit the new opportunities such as expanding the business to new international market and upgrading the technology that are in the market. Merging with the other companies is also an option that will help the firm to withstand the competition and sustain in the industry. References: Bull, J.W., Jobstvogt, N., Bhnke-Henrichs, A., Mascarenhas, A., Sitas, N., Baulcomb, C., Lambini, C.K., Rawlins, M., Baral, H., Zhringer, J. and Carter-Silk, E., 2016. Strengths, Weaknesses, Opportunities and Threats: A SWOT analysis of the ecosystem services framework.Ecosystem services,17, pp.99-111. Byrnes, T., Buckley, R., Howes, M. and Arthur, J.M., 2016. Environmental management of boating related impacts by commercial fishing, sailing and diving tour boat operators in Australia.Journal of Cleaner Production,111, pp.383-398. Cartwright, S. and Cooper, C.L., 2014.Mergers and acquisitions: The human factor. Butterworth-Heinemann. Kiss, A.N. and Barr, P.S., 2017. New product development strategy implementation duration and new venture performance: A contingency-based perspective.Journal of Management,43(4), pp.1185-1210. Ventura. 2018.Home - Ventura. [online] Available at: https://ventura-boats.com/ [Accessed 12 Feb. 2018].

Impact Of Motivation Employee Performance-Myassignmenthelp.Com

Question: What Is The Impact Of Motivation On Employee Performance? Answer: Introducation According to Douglas McGregor a psychologist and a Management professor said about two different approaches, which he named as Theory X and Theory Y. In both the theory he talks about involvement of the employees so that they feel as a integral part of the organization. Theory X tells that Hell or high water, we are going to get it done. He motivates the employee that whatever the situation may have arose, we will achieve success. Theory Y tells that I need your help how are we going to do this? We can see in both the situation he is saying we and involving the employees. In theory Y he asks help giving them a higher position which itself is motivating in nature (Ankli Palliam, 2012).To be an effective leader it is very important to identify the leadership theory that will be applicable for a given situation in an organization. Theory of expectancy According to Victor Vroom he mentioned in this theory that an employee wants to maximize pleasure and minimize pain. An employee will only be motivated if that person believes that a particular work can be achieved (Canrinus et al., 2012). If someone believes that a particular task is possible to achieve in that case the employee will try to achieve in doing the work and this will motivate them. If an employee does not believe that a particular task is not achievable, in that case the person will not be motivated to perform that particular job and will try to ignore the work. This may be the reason for de-motivation of the employees. There are some other factors that decide the motivation criteria. These factors are as follows; It depends what kind of support the employee is getting from the employer. If the employee is getting good support from the employer, in that case it can be a motivating factor for the employees, and otherwise they may get de-motivated (Chen et al., 2014). If the employee does not have the skill required for doing a particular task, in that case the employee can get de-motivated (Daley, 2012). If the equipment those are being used in performing a particular work is outdated or may be not up to the mark in that case the employee may lack motivation. Upon giving full effort for the side of the employee they are not getting the desired results. The motivation also plays a role in the job, a particular job. If the person like time job that they are doing in that case it becomes a motivation for them. If they dont feel good about the job that he or she is doing in that case it can be de-motivation (Dinibutun, 2012). McClellands Theory of Needs: As mentioned by McClelland that an Individual is driven by three theories, those are achievement, Affiliation and Influence. Achievement The motivation of the people is derived by the achievement. The more A person achieves the drive becomes more. The person tries to achieve more. The motivation increases with the achievements. The feedback of his doings brings a positive reaction in the mind of that person and positive reaction helps to bring motivation within that person (Guilln, Ferrero Hoffman, 2015). Affiliation The team work helps to increasing motivation in a person. As a person works in co-ordination it brings a form of competition and achieving want within that person. This increases motivation within the person. Power Every individual need power so that they can feel to be in control and can influence others. The power is a very important factor. Every individual wants to enjoy power as much as they can. Power or control is something that drives the individual. This is a great motivating power for the individual (Hovivyan, 2014). Goal setting theory It is proposed by Edwin Locke that setting some precise goal for the individual will improve their performance. If the individual is given some goal in that case the individual feels that it is a challenge for them and as it is a fact that all challenges drive people. So in this case the individual will take the goal as a challenge and will try to achieve that challenge. In this situation the performance will increase. The individual will feel that urge to achieve the goal that is being set in front of them. The goals should not be easy but they should be achievable. Easy goals which can be achieved easily will not improve the performance of the individual (Jiang et al., 2012). The goal should be achievable otherwise it will act in opposite to the situation and thereby will de-motivate the individual and the result of this will be that the individual will stop performing as being sure that they wont be able to achieve the goal. The individual should be rewarded with something upon achievement of the goal as it is the common human behavior that human beings want return of their hardship. So is a person does not get any return or any reward of their hard work in that case the person will not get motivated to do the particular work. So to get him motivated to do the work we should set some reward for him. Reinforcement theory This is a better way of how the goal setting theory works. According to Pavlov it tells that this theory tells us about the factors that control the human behavior. In relation to the theory mentioned that is goal setting theory, it is a better way to approach of look in the situation that what motivates the human behavior. The human behavior is a very complicated thing and it is very hard to understand that what drives human behavior. According to this theory it explains how the human behave and in contrast to the theory of goal setting it explains in much deeper way how the goal setting theory work and how the humans behave in different situation. It also explains how the goal setting theory works and how the people can be influenced through this theory. It explains the goal setting theory in much deeper sense. The individual behavior when a goal is set in front of them (Johnson, 2012). The theory of equity This theory involves around the principle of balance and the equity. This theory says that the principle of motivation of an individual depends on their perception of the equity. This theory also tells us that the motivation level of an individual depends on the level of fairness practiced by the management. In other words the more the management will be fair the more the individual will get motivated (Khan, 2012). The motivation of an individual comes from their perceived equity and the amount of fairness that is being show from the side of the management. If the management does not prove to be fair, in that case in such a situation the individual will get de motivated and will not like to give their full effort in doing the work. So the management should be totally fair to help the individual to perform better, so that the individual gives full effort so that the particular job can be achieved. The more the fairness that is being perceived by the individual the better the individua l will perform. As the individual will perceive more equity and more fairness in that case the particular individual will get more motivated and will stay motivated to perform their task with greater effort. The individual in such a situation will perform very highly and will fetch great reward. Employee Performance In a regular situation of working condition shows that there are various levels of motivation. This level of motivation varies in nature. In a situation that is unique in nature, in a situation like that, it motivates maximum level of employee motivation. As the employee gets motivated they tend to generate maximum performance. They try to give maximum effort possible and this effort tends to generate maximum results. As they tend to maximize their efforts in a result there result also gets maximum outcome (Cerasoli, Nicklin Ford, 2014), The performance of the employee is a major concept, when it comes to the level of work and strategy of the organization. Now-a-days it can be seen that the structure or concept behind the performance of the employee is going through some noticeable changes. The concept of performance behind an Individual too is facing some major changes. As in the current scenario the situation is such that each and every organization needs individual who can perform to the highest level possible. Every organization needs the best performance from their employees. The performance of the employees also decides the performance of the organization. So we can say that the an organization is totally dependent upon its employees performance (Tims, Bakker Derks,2013). Organization is need extreme need of those individual who performs at a very high level. On the other hand performance is also very important for the employees. The performance gets the employees motivated and also serves the interest of the organization. As an employee achieves a task they get a satisfaction which is very important for the employee in relation to the amount of motivation. This motivation derived from their own performance gives them huge confidence and helps them develop skills and also perform better in the future. On the other hand if the employees could not achieve their goals or target then they tend to generate a dissatisfying emotions within themselves. This emotion tends to lower their confidence and motivation level. This type of situation tends to affect them extremely in a negative way. This is not a very favorable outcome for the organization as well. With the failure of the employees the organization also faces losses and negative impact. The individuals who are great performers in an organization get promotion very easily on the basis of their performance. Whereas the person who are not performing well they tend to become a burden for the organization and the organization does not provide any appraisal or any kind of reward. If the performance of an Individual is good in that case it will easily gets reflected in the work of the particular individual. There are six theories of performance. These theories act a frame work that explains what performance and how is it important. According to this theory the performer can be a particular employee or a group of employees (Oswald, Proto Sgroi, 2015).The level of performance depends upon six factors, which determine the level of performance of an employee. The Six factors are as follows: Context Level of Knowledge Level of skills Level of Identity Personal Factors Fixed Factors These factors determine the mindset of an individual. It is seen in the past that human beings can do extraordinary things if they are motivated (Judge et al., 2014).There are some people who are self motivated and others who need to be motivated. So in the act of employee performance the act of motivation plays a very important role. If an employee is motivated properly the employee may give extraordinary results. In order to perform the individual has to use their knowledge and the skills that they have in order to perform a task so that they may come out great results. Performance is the process of learning and we can say that performance is not the end result. Through performance an individual tends to learn and gather some new skill through experience. This process is not the end, rather it is a journey where there are learnings through which an employee tends to learn many new things and gather new experiences that helps him to become more skilful in the future ahead, so that they may become an individual with better skills and can perform better (Judge et al., 2013). An organization is totally dependent upon its employees and its employees are the pillar of the organization that withholds the organization so that it can succeed. So we can say that in order for an organization to succeed it is very important for their employees to succeed. If there employees performs well then automatically the organization will proceed in a situation where it can outperform any of its competitors. If a employee is motivated in such a way that they grow high in confidence and skills. These will be an extremely benefiting situation for the organization (Hamari, Koivisto Sarsa,2014,). Peter Principle This is concerned with thestudy of occupational incompetenceand the study ofhierarchies.Theanalysis ofhundreds ofcasesof occupationalincompetence ledto theformulation ofthe principle. In a hierarchy every employee tends to rise to their level of incompetence. Employees competent in their position are promoted and competence in each newposition equalizes for promotion to the next highest position until a position of incompetence is reached. The principle is based on perceived incompetence at all levels of every hierarchy political, legal, educational and industrial and ways in which employees move upwards through a hierarchy and what happensto them after promotion (Caillier, 2014). If you will take the example of Great Work work that has created a difference in organization also got the attention management. What motivated that employee to go beyond to do Great Work? It can affect an entire organization in a way that is positive in nature. It will inspire fellow employees, to create a growth which is positive growth for a organization as whole. For organization trying encouraging workers to innovative work, knowing what employees will produce Good Work is very important (Korzynski,2013). It is important that to recognize that work performance of the employees varies greatly, as the organization for which employees work. In order to compare and understand the causes different employees who are present in different organization who are producing great work that is taking the organization to another level of excellence. The factor causes different employees at a different organizations to perform Great Work, it was very important to categorize both employees and the organizations t.hey work for, employees in terms of their background of producing Great Work on a constant basis, and organizations in relation to types and power of motivating perks and practices that they make use of the situation to help encourage their workforce to generate Great Work more constantly (Latham, 2012). In our centre groups, we found that almost all employees think that they create huge effort on a constant basis; and although our participants understood the definition of huge work, the examples of Great Work that they shared with us indicated that few of them in fact created Great Work constantly. In the book Management Organizational Behavior by Laurie l. Mullins Hellriegel, Slocum and Woodman suggest: One way to recognize why people behave as they do at work is to view an organization as an iceberg. What sinks ships isnt always what sailors can see, but what they cant see. The Effect of Motivation on Employee Productivity Motivation is a helpful instrument in thehands of management for efficiency of the workforce.Motivation increases the willingness of the workers towork, thus increasing effectiveness of the organization (Korschun, Bhattacharya Swain, 2014). Motivated employees are inclined to be moreproductive than non-motivated employees. Mostbusinesses make some pains to motivate workers butthis is normally easier said than done. Employees are allindividuals with different likes dislikes and needs, anddifferent things will motivate each. Motivated Employees AreMore Productive:If employee will satisfied and happy then he/she willdo his /her work in a very impressive way, and then theresult will be good, on the other hand motivatedemployee will motivate other employees in office. 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