Writing concept paper
Tuesday, August 25, 2020
DQ3_07 Assignment Example | Topics and Well Written Essays - 250 words
DQ3_07 - Assignment Example started in 1948 and directed among 5209 grown-up members in Framingham, Massachusetts, has helped to give a great part of the now realized information as to coronary illness. The Framingham Heart Study has demonstrated as a remarkable work with respect to its extension, term, and data. The examination assisted with giving comprehension because of way of life, ecological variables and legacy on cardiovascular wellbeing. The examination gave the cause of the term ââ¬Ërisk factorââ¬â¢ (FHS, 2015). The investigation assisted with recognizing major CVD chance factors, for example, hypertension, smoking, stoutness, high blood cholesterol, diabetes, and physical dormancy. Before the beginning of the investigation, doctors had little information corresponding to the anticipation of heart infections. The examination assisted with demonstrating the need of weight the executives, a sound eating regimen, and customary exercise in forestalling heart infections. The investigation likewise helped to uncover the distinctions in the danger of heart sicknesses among people. The examination has extended to include research on the job of hereditary qualities in adding to
Saturday, August 22, 2020
Values and Ethics Theory in Counseling - MyAssignmenthelp.com
Question: Talk about the Values and Ethics Theory in Counseling. Answer: Presentation Moral dynamic is basic in the expert direct. So as to encourage moral dynamic, certain expert associations have risen which gives rules to the moral practices. Other than that, there are a few good speculations which attempt to give system to deciding moral and non-moral activities. A portion of the normal hypotheses are utilitarianism, deontology, prudence morals and implicit understanding hypothesis. These hypotheses give system to assess the profound quality or indecency of specific activities. Despite the fact that, these hypotheses have various propositions, the premise of these speculations is same. All the speculations attempt to expand the advantages to the general public. The ethical hypotheses are usually applied to the circumstances of moral predicament. The moral difficulty alludes to the circumstances wherein going in one direction can damage to one partner and going in another direction can make hurt another partner. In proficient practices, moral predicaments are basic as experts because of complex business condition. Notwithstanding, taking moral choices is significant for keeping up the trustworthiness of the calling. In this substance, the current article assesses the instance of Doctor Susan Lim who was blamed for cheating her patients. Susan Lim is a conspicuous specialist in Singapore. She is one of the main specialists and has obtained global distinction. Subsequently, the sister of Queen of Brunei moved toward the specialist for the treatment of bosom disease. The specialist was drawn closer in 2001 and the treatment went on till 2006 (Asia One Health, 2016). During this period, the specialist gave all the clinical offices to the patient. She additionally organized and bore the costs of trips of the patient from Singapore to Brunei. So as to give the best treatment to the patient, he got various worldwide preparing and declarations (Broad, 2000). With respect to all the above costs, Doctor Susan Lim made a huge doctor's visit expense. The Brunei family was oppressed with the controlled clinical costs. The Singapore Medical Association likewise evaluated that the charges were amazingly high and recorded a body of evidence against the specialist (John Harding, 2011). After the allegation, Doctor Lim undermined the Singapore government that if the case will trialed in the court, she will be required to uncover delicate data in regards to the relations between Brunei government and illustrious family. Because of the letter of the specialist, the administration of Singapore reacted harshly. It overlooked the intrigue of the specialist and proceeded with the case (Youtube, 2011). ID of Ethical Issue In the above case, it tends to be resolved that the specialist was battling from moral problem in regards to whether she should uncover the touchy data acquired during the treatment of her customer. On the off chance that she would not uncover the data, it will be arraigned for cheating her customer. It is a moral quandary as in both the cases; she will hurt the enthusiasm of one of the partners. In addition, there is additionally a moral issue with respect to the defense of the charges forced upon the Brunei Family (Jacobs, 2008). In the current case, the significant partners are the specialist, Singapore Medical Council and the Brunei family. It is because of the way that any game-plan by the specialist will affect on one of the partners. In the event that she will uncover the classified data between Brunei Royal Family and the administration, it will bargain the intrigue and the privacy of the past customer. Also, it isn't right to uncover individual and delicate data of a particular individual. Essentially, in the event that she doesn't uncover the data; it will antagonistically affect on her personal circumstance. The Singapore Medical Council is additionally partner for the situation, as though it is the obligation of the clinical board to keep up the trustworthiness of the clinical calling. In proficient direct, it is essential to take moral choices with the goal that the honesty of the calling can be kept up. An individual should take the choice so that there is least negative effect on various partners of the case. In such manner, in the current segment, a dynamic system is recommended which can give the best answer for the circumstance. It is 8-advance dynamic model and each progression is pivotal in the choice of moral activity (Stuart, 2014). In the principal stage, all the pertinent data is acquired with respect to the case. The leader ought to get all the conceivable data from all the accessible assets. In this stage, the individual should concentrate on getting the data from various partners of the case. With fitting data, the chief will have the option to take the correct choice. It will likewise be useful in deciding the effect on various partners and their degree. In the current case, the specialist ought to investigate all the potential assets to decide the partners of the choice. In addition, the effect of activities and their degree ought to likewise be resolved. Meaning of the Ethical Issue: In this stage, the chief ought to characterize the specific issue and its basic causes. It will help with deciding the best fit answer for the circumstance. In the current case, the moral issue can be characterized as the issues with respect to whether the specialist should uncover the touchy data of the patient. Uncovering the touchy data of the patients is likewise against the expert morals. Nonetheless, the expert honesty of the specialist clashes with her personal circumstance. In this stage, the individual ought to decide all the potential partners and the gatherings which can be influenced by the choice. In the current case, the partners of the choice can be resolved as the Royal Family of Brunei, Singapore Medical Council and the specialist. In this stage, the leader ought to analyze all the potential outcomes of the choice. The determination of the best activity is needy upon this stage. In this stage, the leader should analyze the potential results of various choices and dependent on this choice, the specialist should choose the best choice. In the current case, the specialist can settle on two activities; be that as it may, both the activities will make hurt one of the partner. In the event that she uncovers the data, it will harm the notoriety of the Brunei Family. Also, on the off chance that she decides to cover the data, it can hurt her personal circumstance. It is critical to distinguish the commitment towards various partners to take the best choice in the circumstance. In moral dynamic, an individual ought to recognize his commitments towards various partners attempt to address them. In the current case, the specialist has commitments towards her patient and the Singapore Medical Council. Specialist Susan Lim was given the permit by the clinical board on the premise that she will follow the moral and expert rules of the association. Subsequently, if the specialist will uncover delicate data with respect to the patient, she will penetrate the privacy standards of the association. Additionally, specialist likewise has obligation towards her patients. It is imperative to keep up privacy and uprightness in the expert lead. Thusly, the specialist has commitment towards the Singapore Medical Council (SMC) and the patient and her family (Levitt Moorhead, 2013). Character and Values of Decision-Maker The character and the uprightness of an individual effect his dynamic. Each individual builds up specific convictions and ideals during his lifetime. Every one of his choices depend on these essential standards. It is significant that the specialist take the choice which lines up with his own qualities. In moral dynamic, it is significant that an individual ought to distinguish various options which can be utilized to address the circumstance. In the current case, the specialist can take two distinct activities of either uncovering the data or covering it from the general population. In this stage, the specialist ought to decide to disguise the delicate data of the patient. As per the moral dynamic, this is the best choice for the specialist. Moral hypotheses have been created to aid the dynamic procedure since it speaks to the perspectives which can be utilized to take choices. There are four general classifications of moral speculations, to be specific, deontology, utilitarianism, rights, and ethics (Timmons, 2012). The deontological moral hypothesis expresses that the individuals ought to cling to their commitments and obligations. It expresses that an individual ought to follow their commitments as maintaining ones obligation is considered as morally right (Hinman, 2012). As per this hypothesis, an individual must observe the principles or their commitments to society in light of the fact that maintaining ones obligation is morally right (Sher, 2012). The deontologists stay faithful to their obligations and follow morally right choices. An individual after deontological standards will deliver steady outcomes which depend on the people set of obligations. As indicated by this hypothesis, the specialist ought to follow his obligations to disguise the classified data among her and the patient. Besides, it ought to likewise follow the expert rules of the Singapore Medical Council. Nonetheless, it tends to be investigated that there are sure impediments of this hypothesis, for example, there is no levelheaded or sensible reason for deciding the moral obligations of an individual. Second deficiency of this hypothesis is that occasionally the obligations of an individual might be in strife. Utilitarianism is another mainstream moral hypothesis. It depends on consequentialism and states that the integrity of a choice depends on the outcomes of that activity. In the event that the outcomes of an activity are acceptable on various partners, it is considered as ethically right activity. As opposed to it, the results of an activity are b
Saturday, August 8, 2020
U.N. Secretary-General Visits SIPA Students in Malawi COLUMBIA UNIVERSITY - SIPA Admissions Blog
U.N. Secretary-General Visits SIPA Students in Malawi COLUMBIA UNIVERSITY - SIPA Admissions Blog One of the hallmarks of a SIPA education is 30 full weeks of professional development while studying in our program. Although employers value academic learning, the immediate challenges they face require people of action. Our professional development opportunities teach you how to mix what you are learning in the classroom into the real world of complex policy development. Practical training takes place through a 15 week internship and a 15 week workshop. Both projects are completed with real world policy agencies and give you the opportunity to showcase your abilities and experience in a job interview. Internships and workshops can also be completed anywhere in the world because we do not offer summer classes. The summer is an ideal time to travel anywhere in the world to complete one the required professional experiences. One set of policy goals our students have been involved with are the Millennium Development Goals (MDGs). The Secretary General of the United Nations recently visited one of the projects SIPA students have been working on under the guidance of Professor Jeff Sachs. An excerpt of the article is below, the full article can be found on the Columbia News site. And for details on other workshops our students have been involved in, please see our workshop page. On May 30, United Nations Secretary-General Ban Ki-moon visited Mwandama, a rural village located in southern Malawi once marked by rampant and extreme poverty. Since 2006, however, the village of approximately 35,000 people has been moving closer to achieving sustainable development, thank to its involvement in the Millennium Villages, led by Columbiaâs Earth Institute, along with the United Nations Development Programme and the nonprofit Millennium Promise. The initiative strives to help poor communities end hunger, achieve education, have access to health care and meet other vital needs using best practices in science, research and technology. Working closely with local and national governments, businesses and other partners, Columbia researchers and students from across the University are applying their expertise in public health, energy, water, agriculture, engineering and other areas to help communities meet the Millennium Development Goals (MDGs)â"eight objectives for meeting basic human needs and achieving sustainable growth. Approximately 500,000 people now live in 80 Millennium Villages, all of which are located in âhunger hotspots,â areas of low agricultural productivity and extreme hunger. The hotspots comprise several different agro-ecological zones distributed across 10 sub-Saharan African countries, including Ethiopia, Ghana, Kenya, Malawi, Mali, Nigeria, Rwanda, Senegal, Tanzania and Uganda.
Saturday, May 23, 2020
Observation Report On Field Experience - 1887 Words
Field Experience My first day of observations had finally arrived. Filled with excitement, I opened the doors to Pleasant Ridge Elementary School, and walked into the front office to sign in as a guest for the day. I made my way to the second grade wing to do my first observation for my field experience report. The second grade instructor greeted me as I entered her classroom, with a big bright smile I found made her classroom warm and inviting. Mrs. Lawrence had her studentsââ¬â¢ desks arranged in three rows of grouped tables. The first row is composed of eight tables and chairs, second row is composed of nine tables and chairs, the third row is composed of eleven tables and chairs, and one table is leaned up against the teacherââ¬â¢s desk.â⬠¦show more contentâ⬠¦Students requiring assistance in a specific area are removed from class during the lessonââ¬â¢s time slot as an attempt to assist and improve a studentââ¬â¢s understanding of said lesson. During my observations in her classroom, I observed Reading/Writing and Math lessons. For her Reading/Writing lesson, she discussed cause and effect. She had a couple of examples displayed on the smart board. She read the sentence and called on students to answer specific questions relating to her lesson. Some students were eager to answer and others not so much. Mrs. Lawrence frequently utilizes rhymes and actions, such as rhythm hand clapping to gain her studentââ¬â¢s attention. She also uses songs to give students enough time to get their things together during lesson transitions or station transitions located throughout her classroom. The sayings and hand actions very catchy, and her signing was a great way to get students to take responsibility for themselves and to do as instructed. Mrs. Lawrence divided her students into four stations or groups during her Reading/Writing and Math lessons. A group of students played educational games on the smart board, a second group would silent read during reading/writing, a third group would work on worksheets, and a fourth group would meet with here for one-on-one lesson instruction. Mrs. Lawrence had her students rotate everyShow MoreRelatedEssay On Managing The Building Envelope979 Words à |à 4 PagesInnovations in technology and field data services are redefining how service providers and building owners efficiently manage roofing and wall faà §ades. With specialized hardware, software and services, field data collection options are expanding. Combined with evolving expectations for professionals, building owners need to evaluate more options to consider the best strategy for managing the building envelope (B-Ev). Historical Perspective Manual field review processes have been well establishedRead MoreReflective Writing1241 Words à |à 5 PagesHow do I . . . Write a Reflection? Why reflective writing? Reflection offers you the opportunity to consider how your personal experiences and observations shape your thinking and your acceptance of new ideas. Professors often ask students to write reading reflections. They do this to encourage you to explore your own ideas about a text, to express your opinion rather than summarise the opinions of others. Reflective writing can help you to improve your analytical skills because it requiresRead MoreThe Role For Public Gatherings1300 Words à |à 6 PagesMethodological Framework Study Design and Methodology I will use the qualitative research methods of participant observation and content analysis; which are grouped into ethnographic research The design of the study would be two-dimensional. Firstly, to investigate the influences of the news media on local political participation in rural areas; I will perform the participant observation. Secondly, I shall execute content analysis of the selected news media, including TV news and newspapers for theirRead MoreSimilar To Field Study Courses, Student Teaching Is One1235 Words à |à 5 Pages Similar to field study courses, Student Teaching is one of the field practices of students in the teacher education program intending to teach in the early childhood, elementary or secondary education. It is a teaching by a student under the supervision of an experienced teacher who then is called the mentor. This activity is designed to provide the student teacher opportunities to apply the principles and strategies of teaching and evaluation in actual teaching-learning situations, utilizationRead MoreWhat Do You Believe You Reached Your Goals? Essay1311 Words à |à 6 Pagesthat with more experience and time in the social work field I will continue to make improvements and continue to increase the ability to exceed each of the goals that were established in the learning contract. 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I also learnedRead MoreSimulation Of Nursing Education : A Literature Review1712 Words à |à 7 Pagesimplemented in any healthcare field to achieve learning outcomes. Leaning objectives are centered on learners needs and readiness (Sabus Macauley, 2016). Kolbââ¬â¢s experiential learning is the process of where knowledge can be created through the transformation of an experience. Students are able to learn through interactions with the environment and people. Simulation is another teaching method that expands on the traditional classroom. It expands the students experience as a learner. A learner canRead MoreExplain Research Methods Knowledge Base It Is A Comprehensive Web Based Textbook829 Words à |à 4 Pagesthat it is used for obtaining information about the world. Hard science, test theory, and statistical analysis (QUALITATIVE RESEARCH DESIGNS, n.d.). Qualitative is a systematic subjective approach in other words used to describe a person life experiences which in turn give them meaning. Furthermore, some characteristics could include soft science, the basic element of analysis, and individual interpretation. On the other hand, quantitative is a formal, objective, systematic process for obtainingRead MoreThe Research Problem Using Qualitative Methodology1570 Words à |à 7 Pagesresearch problem using a qualitative methodology. It will also restate the research problem, purpose and research questions previously developed, determine how the fieldwork and observation can be used to answer the research questions, the role field notes will play in the process, the advantages and disadvantages of using observation, and how interviewing can be used to answer the research questions. Other topics to be explored are ethical issued to be considered during qualitative data collection methodsRead MoreEssay On Practice Of Change949 Words à |à 4 PagesJohnson Foundation and the Institute of Medicine (IOM) conducted a study in 2010 to provide a report with would make action-oriented interventions. The restriction of health care legislation has created difficult barriers for nurses to respond effectively to these rapid changes in the health care system and limits our ability advance along with it. The purpose of this paper is to discuss the impact of the report produced by the IOM on nursing practice, education, and leadership. IOM Key Points The Institute
Tuesday, May 12, 2020
Analysis Of Our Leaders Are Just We Ourself - 1844 Words
Andrea D. Domingue in her article Our Leaders Are Just We Ourselfâ⬠: Black Women College Student Leadersââ¬â¢ Experiences With Oppression and Sources of Nourishment on a Predominantly White College Campus, explains that feelings of inferiority and person experiences with microaggressions is very common for black women who attend predominately white universities to experience. She statesâ⬠Voicing and silencing, like the other subthemes of interpersonal interactions with oppression (stereotypes, microaggressions, and presentation expectations) indicate a considerable burden on black women college student leaders.â⬠She believes that this occurs because ââ¬Å"These instances created a climate for black women college student leaders that heightened theirâ⬠¦show more contentâ⬠¦Often times this feeling of suffering that many black students face at schools are silenced and made to believe that it does not because our country doesnââ¬â¢t ââ¬Å"see colorâ⬠. But not acknowledging that schools serves as a place of suffering to Black students is doing them a disservice and continuing to add to the burden of what it means to be black in America. Pelina and Nicole were less hesitant to blame their college struggle on race directly. While they both understood that race creates barrier in the society they did not attribute that to their hardships faced in college. They listed other outside sources such as income, network, motivation, and oneââ¬â¢s brain capacity. But both emphasize that class, not race, is the main contributor to studentââ¬â¢s performance in college. Although it may not be direct, there is no doubt a relationship between class and race that we cannot ignore. In his article, Race, Socioeconomic Status and Health: Complexities, Ongoing Challenges and Research Opportunities, David Williams explain that while looking at the data from 1998 -2006 ââ¬Å"Both blacks and Hispanics have levels of overall poverty that are two to three times higher than those of whites. Asians have poverty levels that are generally comparable to those of the white populationâ⬠(pg. 6) . He goes further in explaining these disp arities and mentions that ââ¬Å"Among persons with income in the bottom 20% of all US households, for every dollar ofShow MoreRelatedRole Of A Team Member Team Members Are Positive And Polite, People Start1620 Words à |à 7 Pagesstrengths of each team member. Adjourning: Team accomplishes goals; Maybe difficult to move on because of close working relationships and comfort. I think our team have been through all of them. For the forming part, we have 1hr and half to introduce ourself to other team member in the class. And we had a group meeting in Mcdonaldââ¬â¢s. For storming part, we had different opinions. Specially team manager always have different opinions with other team members. Even he was absent during the straw test but heRead MorePursuing My Masters Degree in Business Administration982 Words à |à 4 Pagessucceed this is because they donââ¬â¢t have the patience to analyse and work on it . ââ¬Å"stay calm and focusâ⬠this has made me overcome all the odd situations. My interest for business administration started on high-school when I took up commerce stream . We had a good set of faculties who taught us basics of commerce and importance of accounting. I took part in many group activities and showed involvement in participating other events which helped me to develop leadership managerial skills and the importanceRead MoreCase Analysis 1: Apple Computer Essay2502 Words à |à 11 PagesTAMPERE UNIVERSITY OF TECHNOLOGY Institute of Industrial Management TETA-5036 Management of Innovation Case Analysis 1: Apple Computer return date: Sturday 10th Novemeber Students: 206192, Carlos Gomez, carlos.gomezbarbero@tut.fi 206171, Ceyda Elbasioglu, ceyda.elbasioglu@tut.fi 197327, Fabio Parisi, fabio.parisi@tut.fi 206261, Gina Monjaraz, georgina.mojarazgomez@tut.fi 206622, Merve Eralp, merve.eralp@tut.fi Table of Contents: Read MoreCoffee House Business Plan3202 Words à |à 13 PagesINSIDE COFFEE | BUSINESS PLAN | | Our goal is to be the coffeehouse of choice for the local community, downtown business workers, tourists who visit the city, and students, by providing a higher quality experience than any competitor. | | SoonBum(Tony) Lee Areum Han Marguax Auby | | | Contents 1 Business Summary 2.1 Mission 2.2 Objectives 2.3 Major Keys to Success 2 Product 3.4 Product Description 3.5 Competitive Comparison Read MoreEssay on Globalization on New Companies and Small Buisness2471 Words à |à 10 Pagesââ¬â¹When we look at international business today we can obviously notice that companies all around the globe trying to expand their business as more as they can. When some company runs some business, they are relatively weak at the start point. As firm passing trough the process of growing, they must survive all the threats and traps on that road. We can say that the most risky and hardest job to do when new company starting with some business is surviving that first period of probably a year or twoRead More Global Warming is Here. Now What? Essay example2876 Words à |à 12 Pagessaid, even honest open-minded people can fall prey to misleading notions and statistics. To truly uncover the truth, we need to see the full picture. While researching climate change, with the mountains of false or cherry-picked data out there, you certainly learn to be skeptical of a sources creditability. You also, learn the importance of getting the full picture, rather than just a partial one. Heres a few examples, of what Im talking about. A while back many were convinced that because CO2Read MoreSolar City2669 Words à |à 11 PagesNavy CORP. always focuses on the interests of customers, investors and communities to provide the best products as well as the best services. Navy Corp. has continuously developed and improved ourself in order to develop social security projects as well as contribute to create a professional image through our marketing policies. Navy Corp. is a place where people who are enthusiastic, ambitious, dynamic and creative gather.Our staff all has practical experience and professional training. CompanyRead MoreThe Impact of Business Ethic on Organisational Performance14958 Words à |à 60 Pages------------ 20 2.3 HSBC Business Models ââ¬â General overview ------------------------------------------------------22 2.4 Analysis of the business model ----------------------------------------------------------------------23 2.5 Summary ---------------------------------------------------------------------------------------------26 CHAPTER 3: PERFORMANCE GAP ANALYSIS 28 3.1 Introduction and chapter overview ------------------------------------------------------------------28
Wednesday, May 6, 2020
Valuation Project Report Free Essays
Valuation project report Valuation of the Incentive Stock Options for Procter Gamble Co. Name: Haining Jiang Company background: In this valuation project, I will analyze a company which is mature and I am interested in. The name of the company is Procter Gamble Co. We will write a custom essay sample on Valuation Project Report or any similar topic only for you Order Now the Procter Gamble Company, together with its subsidiaries, engages in the manufacture and sale of a range of branded consumer packaged goods. The company operates in five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. In the year of 1837, William Procter and James Gamble settled in the Queen City of the West, Cincinnati, and established themselves in business. As a result, a new company was born: Procter Gamble. Procter Gamble became into a listed company at a stock price and dividend which are $ 1. 7 and $ 0. 01 per month respectively in 19 Jan. 1970. For many years, P G keep following their purpose and social responsibility at every and every corner in the world: ââ¬Å"We will provide branded products and services of superior quality and value that improve the lives of the worldââ¬â¢s consumers, now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders and the communities in which we live and work to prosper. â⬠Until now, P G has become the largest consumer packaged goods company in the world at $ 67. 17 of the share price and $ 0. 562 of dividend per month. Main contents: 1. Discounted dividend valuation The most basic model is the Gordon Growth Model, which prices the stock by the dividend and future growth of dividends. The formula would be like this: V0=D0 (1+g)(r-g)=D1r-g Where D0 is todayââ¬â¢s dividend, which would be $ 2. 21 in our case. r is the cost of capital, r will be calculated like: Assume : The market premium = 6%* The risk-free rate = 3%* Given number in the case: ? = 0. 27 So, r = 0. 03 + 0. 27 x 0. 06 = 4. 62% The best way to estimate g is: The term g can be viewed as the return on ownerââ¬â¢s equity times the earnings retention rate b. b = (1 ââ¬â dividend payout ratio) = 1 ââ¬â 58% = 42% return on equity = 14. 05% So, Sustainable growth rate = gs = 42% x 14. 05% = 5. 901% r g, so we may meet a big problem when using the V0 formula above. But, as far as we all know, it is not possible that the firm can grow faster than r forever. The high return will attract other investors into the market to compete and the firmââ¬â¢s rate will eventually fall. And, I determine the long-run growth rate of dividends, gL = 3%*. g r. Even if this data is not real in the true PG case, I think itââ¬â¢s will be fine to continue our model. V0=D0 (1+g)(r-g)= $ 2. 21x(1+0. 03)(0. 0462-0. 03)=$ 140. 51 1) Two-stage dividend growth When the P G is growing faster than r, one can use a multistage model, where the growth stages are broken into two parts. The first is the supernormal growth phase call gs , which is the rate that is higher than r. So we can assume: at the first period ( r g ): gS = 5. 901% (as we calculated above) n = 3*; At the second period ( r g ): r = 4. 62% (as we calculated above) gL = 3% (as we calculated above) D0 = $ 2. 21 (real data from PG) ; As we all know the formula is: V0 = t=1n[ Dt1+rt+ Vn(1+r)n] Vn= D01+ gsn(1+ gL)(r- gL) So, V3= 2. 21Ãâ"1+ 0. 0593(1+ 0. 03)(0. 0462- 0. 03) = $ 166. 88 V0 = 2. 21x(1+0. 059)1(1+0. 0462)1+ 2. 21x(1+0. 059)2(1+0. 0462)2+ 2. 21x(1+0. 059)3(1+0. 0462)3+ 166. 88(1+0. 0462)3 = $ 152. 27 2) Three-stage dividend growth We assume the P G company experienced a life-cycle with a three stages that are: an early, development stage with high growth, a maturing phase with moderate growth, and a declining phase with little, no, or negative growth. The current dividend of $ 2. 21 per share will not change. Dividends are expected to grow at a rate of 10%* for 2 years. Following that , the dividends are expected to grow at a rate of 8%* for 2 years. After the total 4 years, the dividends are expected to grow at a rate of 4%* per year, forever. The rate of return unchanged: 4. 2% (as calculated in 1. 1). We can break the calculation in to six steps: (1) Calculate the dividends for years 1 through 5: year| Dividend growth rate| Dividend| 1| 10%| 2. 431| 2| 10%| 2. 674| 3| 8%| 2. 888| 4| 8%| 3. 119| 5| 5%| 3. 275| (2) Calculate the present value of each of these dividends for years 1 through 5: Year| Dividend| Present value| 1| 2. 431| 2. 3236| 2| 2. 674| 2. 4430| 3| 2. 888| 2. 5220| 4| 3. 119| 2. 6035| 5| 3. 275| 2. 6130| (3) Calculate the present value of the dividends beyond year 4: P4= $ 3. 275(0. 0462-0. 04) = $ 528. 23 (4) Calculate the present value of the price at year 4: PVP4 = $ 528. 23(1+0. 0462)4 = $ 440. 92 (5) Calculate the sum of the present value of the dividends: PVdividends in year 1-4= t=110Dt(1+0. 0462)t = $ 12. 51 (6) Calculate the price today as the sum of the present value of dividends in years 1-4 and the price at the end of year 4: P0=$ 440. 92+$ 12. 51 = $ 453. 43 3) The uses of the dividend valuation models (1) The price-earnings ratio also known as the price-to-earnings ratio or PE ratio, is the ratio of the price per share to the earnings per share of a stock. Let us observe these data from PG firstly: ?| 2012| 2011| 2010| stock price| $66. 6| $64. 50| $60. 44| current earings per share| $3. 82| $4. 12| $4. 32| P/E ratio| 17. 37173| 15. 65534| 13. 99074| dividend payout ratio| 58%| 50%| 42%| If we take the DVM and divide both sides by earnings per share, we arrive at an equation for the price earnings ratio in terms of dividend payout, required rate of return, and growth: P0E0= Dividend payout ratio x (1+g)r-g We can conclude the information below according to the above formula: Increase in dividend payout rate will cause increase in P/E ratio, this point is also obviously in the table above, the data comes from the real PG case. Increase in r will cause decrease in P/E ratio Increase in growth rate will cause increase in P/E ratio. (2) we can also use the DVM to relate the price-book value ratio to factors such as the dividend payout ratio and the ROE. We assume the B0 indicate the current book value per share and ROE0 indicate the current return on book equity. As we all know: ROE0 = E0B0 , and P0=D0 (1+g)(r-g)=D1r-g ; So, we can get the formula easily below: P0=B0x ROE0 x D0E0x (1+g)(r-g) So we could get the conclusion through analyzing the above formula: increase in B0 will increase in P0; ncrease in ROE0 will increase in P0; increase in D0E0 will increase in P0; increase in g will increase in P0; increase in r will increase in P0; I believe there are plenty of other conclusions we can get from those formulas, I just mention some of them in my valuation report here. But in other words, we can fully use the DVM to find all the related fundamental factors to have further understanding through DVM. 4) What i f there no dividends? I think itââ¬â¢s acceptable and expectable if the PG isnââ¬â¢t paying dividends now, but chooses to reinvest its money. It is a sign that the dividends in the future will be even larger. Of course, I wonââ¬â¢t stick around with the company long enough to receive any of those dividends. But because of the growth of the company, I will realize that the eventual dividends will be even larger with the increasingly share price. After that, I can sell me shares to someone else to get my profit from it. Summary: ââ¬Å"Valuation is the process of determining what something is worth at a point in time. When we value investments, we want to estimate the future cash flows from these investments and then discount these to the present. This process is based on the reasoning that no one will pay more today for an investment than what they could expect to get from that investment on a time and risk adjusted basis. â⬠1 I think the paragraph I cited above not only give us the best conclusion of by valuation project report, but also tell us a definitely reason we study finance. Please Note: If the number followed a * behind it, it means this number is assumed and the others without * are all real data from PG company finance report. 1: cited from the ââ¬Å"Dividend Valuation Modelsâ⬠, by Pamela Peterson Drake, Ph. D. , CFA. How to cite Valuation Project Report, Essay examples
Saturday, May 2, 2020
Doing Ethics Technique for Corporate Citizenship - myassignmenthelp
Question: Discuss about theDoing Ethics Technique for Corporate Citizenship. Answer: What's going on? The scenario is to analyze the ethical dilemma with the help of Doing Ethics Technique. The case provided in the scenario is that the organization is in a dilemma as to whether they should launch the Willis project early without incorporating encryption. The higher authorities plan that once they release the software early they would gain immense benefits and later they would update the software and incorporate the encryption code into it such that the security issues in the software could be mitigated as they are confident that there are less chances for the software to be hacked. Moreover, the successful early launch of the Willis project would also ensure the confirmation of the next deal worth 3 million, but the security of the software launched without encryption was the main concern for Gregg, as it prevents the unauthorized access to the information stored in the software and those vital informations should be kept confidential. However, Greggs boss was more concerned about th e future profits and contracts obtained there from (YouTube, 2018). What are the facts? The scenario deals with the dilemma of whether the organization should launch the Willis project software without encrypting the encryption code in it (Crane Matten, 2016). The major fact involved in the scenario is of encryption. It is a process in which the original data is modified into Cipher text using some encryption algorithms. In recent times, there were instances of numerous software projects being hacked due to the fact that the softwares lacked encryption. Encryption is an essential step that should be incorporated in the software as it is means of securing the vital information incorporated in the software. Encryption assures the blockage of unauthorized access to the information incorporated in the software and also minimizes the chances of the software getting hacked by the attackers. What are the issues? The major issue of consideration here is that whether the Willis project software should be launched without incorporating encryption algorithm in the code of the software. The CEO pressurizes the software developer as well as Gregg such that he would agree to the launch of the product without encrypting it as they consider encryption as a necessity for the security of the software (Ferrell Fraedrich, 2015). However, Greggs boss ensures him that the software has minimal chances of getting hacked, but the launch poses reputation threat to the company as the code is not encrypted and is vulnerable to attack by the hackers. Who is affected? There is a long list of people affected by the launch of the software namely, the company officials, the software constructing team members and the stakeholders associated with the software (Lawson et al., 2016). In case of the early launch of the product, Gregg, his team members as well as his company would gain immense profit in terms of bonus but the Willis will suffer loss as the software could get hacked by the attackers that may lead to loss of essential information from the company and lower down the reputation of both the company and in turn, the bond between the company would also get affected. What are the ethical issues and their implications? The ethical issue concerned in the given scenario is the early launch of the project without incorporating the encryption code in the project software. The early launch of the project will increase the vulnerability of the project being hacked by the attackers. The implication would be that the vital information contained in the software would get leaked (Nathan, 2015). Thus, the company in order to gain profits is delivering low quality service to the Willis Company. Moreover, even the lower probability of the product getting hacked by the attackers, could lower down the reputation of the company. However, if the product gets hacked it will also have serious impact on the reputation of the Willis Company. What could have been done about it? The early launch of the software without encrypting the code would be a highly risky situation according to Gregg and the software developer as there are high chances of the product being hacked. The higher authorities of the company should seek in the advice of the Willis Company about their idea of the early launching of the product without encrypting the code (Sekaran Bougie, 2016). Moreover, the company officials would have delayed the launch and would properly incorporate the encryption code in the software as it was necessary to encrypt the software. However, the company would also have increased the pace of work such that they would get the encryption of the software completed within the time. What are the options? The options available for the company officials are that they would hire more employees such that they would complete the encryption of the software within a months time such that the information contained in the software is secured. Hiring more employees would lead to the completion of task in within a months time. Moreover, the second option would be to inform the Willis Company of the early launch and then propose the idea of updating the software later embedded with the encryption code (Trevino Nelson, 2016). This option would be ethical up to some extent but it increases chances of the hacking activities by the hackers. This option would also lead to the lowering of the reputation of the company as they in greed of future contract are not serving the quality product and there may be a condition that they would not be provided the upcoming contract. Which option is the best and why? According to the DET Analysis, the best option could the first choice, in which the developing company plans to hire more employees such as to finish the task within the stipulated amount of time (Yazdani Murad, 2015). This option is the best one as the company would be providing the Willis Company a quality product with countermeasures to the security flaws as well as this would earn them the confidence of the Willis Company and would successfully receive the upcoming projects as well. This would also be ethical as they would provide what they were asked for and also build a strong relationship with the company. References Crane, A., Matten, D. (2016).Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. Ferrell, O. C., Fraedrich, J. (2015).Business ethics: Ethical decision making cases. Nelson Education. Lawson, C., Beer, C., Rossi, D., Moore, T., Fleming, J. (2016). Identification of at riskstudents using learning analytics: the ethical dilemmas of intervention strategies in a higher education institution.Educational Technology Research and Development,64(5), 957-968. Nathan, G. (2015). Innovation process and ethics in technology: an approach to ethical (responsible) innovation governance.Journal on Chain and Network Science,15(2), 119-134. Sekaran, U., Bougie, R. (2016).Research methods for business: A skill building approach. John Wiley Sons. Trevino, L. K., Nelson, K. A. (2016).Managing business ethics: Straight talk about how to do it right. John Wiley Sons. Yazdani, N., Murad, H. S. (2015). Toward an ethical theory of organizing.Journal of Business Ethics,127(2), 399-417. YouTube. (2018).Scenario 3: Early Launch. [online] Available at: https://www.youtube.com/watch?v=v5M7ohdZ6qA [Accessed 6 Mar. 2018].
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