Compare and contrast the nursing theorist models of Parse and Watson Essay

Compare and contrast the nursing theorist models of Parse and Watson - Essay Example Patients now want to be consulted first, they have more access to various medical information, and want to be respected, recognized, and referred to when it pertains to their well-being. All new developments have also made nursing a highly-specialized profession, and nurses must continually update their knowledge they gained in the academe and from work experiences with continuing education. A few examples of nursing specializations are in pediatrics, geriatrics, acute care, natal care, cardiology, surgery, palliative care, toxicology, and mass casualties, to name just a few. In this regard, the nursing profession must not lose sight of its primary or core mission, despite the modernity in health care delivery. Its main aim is to render human care in whatever setting, be it in administrative, clinical, institutional, assisted-living facilities, senior retirement homes, or in a medical research facility. It is quite easy to get lost in all the complexity and forget human values necess ary in a patient-nurse relationship. In an attempt to preserve the noble heritage of nursing, several prominent nurses and educators have developed their own theories with regards to nurses' responsibilities despite all the heavy workload, from a shortage of nurses to increased number of patients nowadays. This paper examines the theories of Jean Watson and Rosemarie Parse. Discussion Although there are many nursing theories propounded by eminent practitioners, there are a few of these theories which had gained widespread acceptance and greater credibility due to their salient points when it comes to giving patient care. Over the years, nursing schools and hospital administrators have promoted these viable nursing theories as models for the nursing profession intended to be followed and applied in all health care settings. The idea is that nursing has core values which are applicable anywhere, and these must be applied consistently so that a patient recovers faster, while the nurse retains his or her humanity as an archetypal ideal nurse. Jean Watson – she developed her own theory of nursing based from her extensive work experiences in both academic and clinical settings. She has an undergraduate degree in nursing, a master's degree in psychiatric (mental health) nursing, and also a doctorate degree in educational psychology, together with three other honorary doctorate degrees granted by three countries, of Canada, Sweden, and the United Kingdom. A basic principle of her nursing theory is the return to the basics, in effect, what Florence Nightingale of England had tried to achieve when she first founded today's modern nursing practice during wartime conditions to care for the wounded. The key elements of Watson's theory are composed of three paradigms in nursing care, which are the carative (from the Greek word of care) factors composed of ten basic elements, the trans-personal relationship, and the caring moment. All the three paradigms are intended to make a nurse aware that a patient is a person with feelings and emotions which can adversely affect his health if not handled properly. Moreover, a nurse must give due care to a fellow human being in a holistic approach, as contrasted to the medicines used to cure a patient (Watson, 2008). Rosemarie Parse –

Next PESTLE Analysis | Next Plc

Next PESTLE Analysis | Next Plc Tags:  PESTLE Analysis, PESTEL Analysis, PEST Analysis Introduction A PESTLE analysis provides and analysis of six of the key macro level factors which affect a business and the decision which it makes (Grant, 2008). This assignment will apply the relevant factors within the PESTLE framework to the international clothing retailer Next and its subsidiaries. Data upon which the assignment is based comes from a variety of sources including the companys annual report (Next, 2012) and released and well as information from the academic and business press. In order to give the assignment a greater level of focus, the report will be limited to an analysis of the external environment in the UK. Political There are a wide range of political factors which affect Next at present but also factors which may have an impact upon the company in the future. One key political decision which affects Next in the UK is the rate of tax levied by the government. This has the ability to affect both the bottom line of the company in the form of corporation tax but also the ability of customers to spend with next, linked to income tax. At present, levels of corporation tax in the UK have been lowered in order to attempt to stimulate economic activity (Telegraph, 2012). However, given the continuing deficit, there is no guarantee that governments in the future will maintain the rate of corporation tax at its current level. Other key political decisions consider interest rates. At present, UK interest rates stand at an all-time low of 0.5% (BoE, 2010). This may be seen as a positive factor for firms such as Next who are effectively able to borrow large amounts of money for the purposes of capital expansion at much lower rates than have been previously seen. Such borrowing may take place in the form of long term borrowings from banks and financial institutions, alternatively the company may choose to issue corporate bonds (Arnold, 2008). Other political issues relate to the governments relatively arms length approach to Europe and remaining outside of the single currency area (FT, 2012). For a UK based business such as Next that has international operations in the Euro Zone, this could be seen as negative with the prospect of foreign exchange rate risks being felt and the introduction of additional transaction costs which would be eliminated if the government decided to join the Euro Zone. From a more general perspective, the UK political system based upon parliamentary democracy may be seen as providing Next with a relatively low risk political environment in which to operate within (CIA, 2013). This may be seen as an advantage in comparison some of Nexts ventures into potentially less stable political nations such as Russia and those of the Middle East. As such, this makes the UK a relatively safe market for Next to make further long term capital investments in where the company may think twice in the case of less stable political environments. Economic A critical factor which may have an impact upon Next in the UK is the current state of the economic environment. As a business which makes use of a premium based differentiated strategy, as opposed to being a cost leader, it may be seen that swings within the economic environment have the ability to impact the fortunes of the company to a greater degree than those operating in the necessity and budget sector of the market (Johnson et al, 2008). From a purely statistical perspective, the years since 2007 have been an economic rollercoaster for the UK. Following the onset of the global financial crisis in 2007, the subsequent year saw GDP growth revert to negative figures with -1% contraction in the economy. This was followed by even worse performance in 2009 with a -4% contraction. Low levels of growth have been seen since in 2010 and 2011 with GDP growth of 1.8% and 0.8% respectively (World Bank, 2013). However, while the statistics show a slight recovery in 2010 and 2011, others within the business press (BBC News, 2012) indicate that the UK economy could continue to flat line or worse result in a double dip recession. These headline figures may seem to paint quite a negative picture for retailers such as Next which are highly reliant on the UK economy as a source of revenue. However, an analysis of more detailed economic data may highlight a different perspective. Tutt (2012) presents data which looks at the level of unemployment and household disposable incomes in the UK. In this case an alarming pattern is seen. On the one hand, levels of unemployment have been increasing in recent years with a rise from 0.86m in 2007 to 1.53m in 2011. However, conversely, the levels of disposable income of individual households during the period has consistently risen from  £14,308 per household in 2007 to  £16,042 per household in 2011 (Tutt, 2012). For Next and other premium end retailers this may have a key impact upon strategy. While there may be few customers able to by the products and services of Next due to rising unemployment, those who have remained in employment have generally become wealthier. As a result it is likely that such economic patterns may help Next to improve its average spend per customer, even if the total number of customers falls. Social-Cultural There are many social and cultural changes taking place in the UK at present which may have a high level of impact upon the performance of fashion retailers such as Next. In many cases, as representatives of an essentially socio-cultural industry, the fashion industry itself may be seen as an industry which is affected by such trends to a greater degree than other industries (Curtis et al, 2007). One of the key issues in the UK market, but also seen across Nexts wider European markets is the general aging of the population (Parliament UK, 2012). This may be seen as both problematic but also an opportunity for Next. One the one hand, an ageing population may see Next having to adapt its product portfolio in an attempt to ensure that the products supplied by company appeal to this aging demographic of the population. In addition, the prospect of an aging population may also see that competition for the increasingly smaller younger demographics of the market becomes more intense for Next as time progresses. Despite these drawbacks, there are also advantages linked to the issue. On consideration is that ageing populations tend to be less mobile than younger demographics, this may be a key advantage for Next given that its home delivery and online business model offer a convenient solution to the problem. Other socio-cultural factors include the consideration that the UK has since World War Two become an increasingly culturally diverse nation with an influx of diverse cultures, races and ethnicities all contributing towards the socio-cultural backdrop of the UK social system (Shepherd, 2010). For Next, this has not only external implications such as those linked to aligning product ranges to specific cultural segments, in attrition, the company musty also ensure that it deals with issues such as managing diversity in the context of its own organisation. In this case, increased cultural diversity can be seen as both a source of a competitive advantage yet also a potential source of conflict (Liff, 1997, Ivancevich et al, 2010). As EU expansion takes place and the new member states become further integrated into the EU, there is a distinct possibility that the trends for increased diversity in the UKs labour and consumer markets will increase rather than decrease. Technological There is little doubt that new technological developments have transformed the UK business environment, especially those operating in the retail sector. Key developments may be seen as those technologies which are internet or communications based in nature, such as the wide spread diffusion of broad band (Jobber, 2007). Key technological developments such as the internet have allowed firms such as Next to develop online business models which complement traditional bricks and mortar retail establishments. Empirical evidence from the ONS (2009) on the subject shows that the growth has been almost exponential with a rapid acceptance on the behalf of customers of online shopping in both retail and other markets. Yet communications technologies have not only been used by the sector to facilitate online sales and shift away from the traditional high street place. Other aspects of new technological development have seen a range of new marketing options opened up to retailers such as Next. Most important amongst these are developments which have allowed retailers to interact with customers using online social networking sites such as Facebook, YouTube and Twitter. These are now seen as key ingredients in the development of a successful marketing strategy (Zarrella, 2010), largely the product of technological changes in the sector. Other technologies have simply allowed businesses to develop better relationships with their consumers and communicate in a more effective way. Take for instance the technological developments of smartphones and apps. Such technology has allowed companies to develop apps which allow consumers to find their nearest branch or check the facilities and product availability at a branch before making a visit. This allows an effective bridge to be built between the purely online business model such as those operated by a company like Amazon and those falling into the bricks and clicks category (McGoldrick, 2002) such as Next who must seek to leverage the benefits of both arms of the business. While technology in this section has largely been presented as an opportunity, there is of course a risk factor. Many have expressed concerns over the abandoning of the high street as consumers flock to online business models. The case is illustrated only too recently with the example of Jessops going into administration, a business which may be seen as falling victim to technological developments (Goodley, 2013). Legal Like all businesses, Next must conform to the legal minimum standards which are enforceable in a jurisdiction. The case of Nexts UK operations legal elements may be seen as more complex given that the company must comply with both UK law and EU law. Some of the key legal regulations which affect Next in the UK are considered below: Minimum wage legislation A key piece of legislation in the UK which affects organisations such as Next with a large number of low paid workers is that of various minimum wage regulations. In this case, the legislation requires UK employers to pay their employees a minimum of  £6.19 per hour for those aged over 21 (Gov UK). Given the large number of employees of firms such as Next which are affected by the National Minimum Wage, temporary shifts in legislative policy can have a high impact upon the sector. Other key legislative issues include equal opportunities legislation and various other acts of parliament designed to ensure equality both in the work place and in the recruitment and selection process (Pilbeam and Corbridge, 2010). In this case, such legislation has a direct impact upon the processes and practises of an organisation such as Next who are required not only to design corporate polices which facilitate equality but also to record activities related to recruitment and selection should an employee call foul at a later date. The issue here for businesses such as Next is that the legislative environment often places the burden of proof on the defendant rather than the claimant in such cases. As such, the development of detailed HR processes and practises is critical (Bratton and Gold, 2007). Further issues relate to potential moves on the behalf of legislators to become tougher in relation to issues of tax avoidance. While Next has to date not been implicated in any of the tax avoidance scandals, there is a consideration that the actions of other retailers such as Starbucks and Amazon (Syal, 2012) may have provoked the onset of a tougher legislative environment in the future which may have an impact upon innocent parties such as Next. Environmental The physical environment is also a key issue for firms operating in any given national market and consideration should be considered two how firms treat the physical environment and the impact this has on the business, but also the impact the physical environment generally has upon a business. In general terms, the physical environment which Next operates within in the UK may be seen as relatively benign in comparison to other parts of the world which suffer from high intensity natural disasters such as earthquakes, hurricanes and forest fires. Despite such an environment there have been a number of environmental issues recently in the UK which have affected the retail sector. These have included increasing more frequent floods (Retail Bulletin, 2013) and poor sales due to snow storms and the failure of local authorities to prepare for periods of inclement weather (Hall, 2011). Other aspects of the environmental analysis require firms to consider their own impact upon the environment. In general terms, the literature (Parsons and MacLaran, 2009) considers that consumers are becoming increasing aware of the impact of businesses upon their environment. As such, if businesses are to maintain customer loyalty and avoid negative backlashes, then they must seek to minimise their impact upon the environment. In the retail sector, this may include reducing waste, running more efficient transport operations and implementing ethical sourcing policies. While failure to comply with such consumer demands may result in a negative consumer backlash, with the adoption of the right approach, high environmental credentials can be used to add value to a product or service. Such an example is seen in the Marks and Spencer (2013) and Body Shop business models in the retail sector. Conclusion Having reviewed the key factors within the macro level environment as presented in the PESTLE framework, it is possible to come to a number of conclusions in relating the model to Next and its UK operations. On the one hand, it would appear that the external environment is a significantly challenging one for Next with the prospect of further poor economic performance and a requirement to comply with what may be seen as a relatively tough legislative environment. However, the PESTLE factors would also seem to indicate that there are some large opportunities for Next in the UK. Such opportunities include the ability to borrow at low interest rates to fund capital expansion and increased opportunities to link technological developments to changes in the social fabric of society in order to drive more sales through web based platforms. Other factors such as changing technologies and increases in diversity may be seen as neither positive or negative intrinsically but still require some ch ange on the behalf of Next. Having reached these conclusions, the final opinion of the writer is that the external environment is essentially neutral for Next at the moment and that the success of the business will be largely dependent upon whether managers of the business capitalise upon the stated opportunities or allow the challenges to see Next becoming another casualty of the death of the high street. Bibliography Arnold, G. (2008). Corporate financial management. 4th ed. Harlow: FT Prentice Hall. BBC News. (2012). UK economy in double dip recession. Available online at: http://www.bbc.co.uk/news/business-17836624 [Accessed on 18/01/13]. BoE. (2010). Bank of England maintains bank rate at 0.5% and the size of the asset purchase program at  £200 billion. Available online at:  http://www.bankofengland.co.uk/publications/news/2010/084.htm  [Accessed on 18/01/13]. Bratton, J, Gold, J. (2007). Human resource management theory and practise. 4th ed. Basingstoke: Palgrave Macmillan. CIA. (2013). World fact book UK. Available online at:  https://www.cia.gov/library/publications/the-world-factbook/geos/uk.html  [Accessed on 18/01/13]. Pilbeam, S, Corbridge, M. (2010). People resourcing and talent planning. 4th ed. Harlow: FT Prentice Hall. Curtis, E, Watson, H, Sephton, L. (2007). Fashion retail. 2nd ed. New York: John Wiley and Sons. FT. (2012). UKs Euro trade supremacy under attack. Available online at:  http://www.ft.com/cms/s/0/736bd72a-3c9a-11e2-a6b2-00144feabdc0.html  [Accessed on 18/01/13]. Goodley, S. (2013). Jessops goes into administration, putting 2,000 jobs at risk. Available online at:  http://www.guardian.co.uk/business/2013/jan/09/jessops-verge-administration-jobs-risk  [Accessed on 18/01/13]. Gov UK. (2013). National minimum wage rates. Available online at:  https://www.gov.uk/national-minimum-wage-rates  [Accessed on 18/01/13]. Grant, R, M. (2008). Contemporary strategy analysis. 6th ed. Oxford: Blackwell Publishing. Hall, J. (2011). Snow costs Next and HMV  £42m in lost Christmas sales. Available online at:  http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8240799/Snow-costs-Next-and-HMV-42m-in-lost-Christmas-sales.html  [Accessed on 18/01/13]. Ivancevich, J, M, Konopaske, R, Matteson, M, T. (2010). Organisational behaviour and management. 9th ed. New York: McGraw Hill Irwin. Liff, S. (1997). Two routes to managing diversity: individual differences or social group characteristics. Employee relations. Vol. 19. No. 1. pp11-26. Marks and Spencer. (2013). Plan A Doing the right thing. Available online at: http://plana.marksandspencer.com/we-are-doing/sustainable-raw-materials/stories/6/ [Accessed on 14/01/12]. Next. (2012). Annual report 2012. Available online at:  http://ir2.flife.de/data/next/igb_html/index.php?bericht_id=1000007index=lang=ENG  [Accessed on 18/01/13]. Parliament UK. (2012). Aging population. Available online at:  http://www.parliament.uk/business/publications/research/key-issues-for-the-new-parliament/value-for-money-in-public-services/the-ageing-population/  [Accessed in 13/01/13]. Retail Bulletin. (2013). Its time for retailers to prepare for the worst and adapt to climate extremes. Available online at: http://www.theretailbulletin.com/news/its_time_for_retailers_to_prepare_for_the_worst_and_adapt_to_climate_extremes_07-01-13/ [Accessed on 18/01/13]. Shepherd, J. (2010). Englands schools are becoming more diverse. Available online at:  http://www.guardian.co.uk/education/2010/jan/20/schools-more-diverse  [Accessed on 18/01/13]. Syal, R. (2012). Amazon, Google and Starbucks accused of diverting UK profits. The Guardian Newspaper. Available online at:  http://www.guardian.co.uk/business/2012/nov/12/amazon-google-starbucks-diverting-uk-profits  [Accessed on 18/01/13]. Telegraph. (2012). Budget 2012: Corporation tax cut will boost UK but not enough. Available online at:  http://www.telegraph.co.uk/finance/budget/9158950/Budget-2012-Corporation-tax-cut-will-boost-UK-but-not-enough.html  [Accessed on 24/11/12]. Tutt, L. (2012). Market report 2012 Gambling and betting. Key Note. Oct 2012. World Bank. (2012). GDP annual growth %. Available online at: http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG [Accessed on 12/01/13]. Zarrella, D. (2010). The social media marketing book. California: OReilly Media. Automobile Sector Analysis: Five Forces and SWOT Automobile Sector Analysis: Five Forces and SWOT 1. Overview of the automobile sector Five forces analysis Competitive Rivalry between Existing Players: High Competition between existing automobile companies is high. Although the automobile market was dominated by the three big auto manufacturers in US, Toyota and Honda in Japan, the situation is changed. With the growing demand in emerging market, the emerging competitors in China and India may drive an intensified price competition. However, the competition could also focus on the safety, warranty and financial services etc. Threat of New Entrants: Medium Although the entrant barrier is high for the automobile industry because the requirement of capital and technology, an increasing number of automobile manufacturers are emerging in China and Asia due to the economic expansion and growing demand. However, these automakers are in the development status and may not catch up the leading technology in Japan and US, so the threat from new entrants is medium. Threats of Substitutes: Low Customers could choose to switch to transportation means other than automobile such as bicycles, buses and subways. However, the automobile is still the favourite despite the relevant high cost than other mentioned transportation means because its flexibility, comfort and convenience. Bargaining Power of Suppliers: Low In automobile industry, the component supplier has little bargaining power because the manufacturer could switch to other suppliers easily. On the other hand, the components are generally low value and the suppliers find it difficult to bargain with automakers. Bargaining Power of Customers: High The competition in the automobile industry is intense as mentioned above. So the customers have many choices on the brands and models. Customers care about the quality, price, safety, comfort, appearance of the car. Recently, customers are also more and more concerned about the environmental effect of the automobile and the energy efficiency. So the customers get more and more bargaining power in automobile industry. 2. Toyota Motor Company 2.1 Overview of the company Company profile Toyota Motor Corp. is one of the largest and leading automobiles manufacturers in the globe. It operates in three main business segments; the two biggest are automobile and financial services whereas the third one is comprised by many smaller other divisions. It is spread worldwide as it has 50 manufacturing facilities in 27 countries and regions Toyota designs, manufactures and sales passenger cars of several types and utilities, trucks, tractors and material handling equipment, minivans and other car accessories. Its products can be divided into 2 main categories, conventional and hybrid vehicles. The company sells its products under Toyota, Lexus, Hino and Daihatsu brands The company is also engaged in the financial industry as it provides financing to its customers and dealers. It is also involved in housing, marine, e-commercial, ITS and biotechnological activities. Toyota sells its vehicles in more than 170 countries and regions worldwide. Toyotas primary markets are Japan, North America, Europe and Asia. It is headquartered in Toyota City, Japan and employed around 316,121 people as on March 31, 2008 Strategy Analysis Toyotas strategy can be summarised under three key principles; growth, efficiency and stability. These are the three priorities the companys management will pursue to achieve future sustainable growth and increase the economic value. Growth will be achieved through continuous investment mainly in hybrid vehicle segment to meat the increasing demand. Efficiency is mainly focused on cost management and further reduction in order for the company to be able to provide high quality products in affordable prices and maintain its competitive advantages. Stability will be ensured by maintaining a solid financial base. Within the economic downturn it is important for Toyota to maintain sufficient liquidity in order to continue to finance its investments in research and development of new technologies, which is an integral and essential part of the companys advantages. Peer Group As Toyota operates in the global market its competitors come from all around the world. Its major competitors are BMW AG, DaimlerChrysler AG, Fiat S.p.A., Ford Motor Company, General Motors Corporation, Honda Motor Co. Ltd., PSA Peugeot, Renault S.A., Volkswagen AG and many others SWOT Analysis Strengths Weaknesses Strong overall financial performance Strong reputation and quality Strong position is Asian market Research and development Production pipeline system and cost management Diversified product portfolio Financial services are still undeveloped Huge expenses on pensions and post-retirement benefits Opportunities Threats Increasing demand for hybrid and environmental-friendly cars Expansion in emerging Asian markets Financial and other non-auto division development New car models Global economic crisis Strong competition in automotive industry Yen and US dollar exchange rates Tight environmental regulations on carbon emissions Problems with specific components of sold cars. (Recent brake problem) 2.1. Key Financials Analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Sales 207,852.40 264,120.58 202,821.01 178,294.05 173,443.60 Operating Income -4,667.52 22,809.82 18,959.84 15,919.51 15,192.39 Net Income Available to Common -4,423.79 17,259.05 13,923.62 11,629.63 10,950.45 Total Assets 292,725.95 324,979.61 275,051.76 242,604.35 227,515.08 Total Liabilities 185,398.39 199,132.47 169,488.89 148,104.55 138,230.49 Common Equity 101,865.07 119,249.79 100,242.15 89,502.94 84,563.86 Net Cash Flow Operating Activities 14,724.7 26,357.6 27,783.5 22,136.2 22,144.6 * IMPORTANT First year to report losses * Stable increase in sales Decline in 2009 greatly affects income * Severe decrease in cash flow from operating activities, nearly 50% * Very big difference between sales and operating income points out severe cost expenses for the company. As this differences is constantly increasing it is not far from the truth to say that Toyota is gradually loosing its competitive advantages in cost efficiency against its competitors. * General trend in key financial s shows a steady and permanent increase until 2008 and a sharp decline in 2009, due to severe problems of economic recession and its great impact on automobiles industry. This trend applies for almost all financial s, pointing out that the companys performance as a whole followed a movement like this. 2.3. Multiples analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Price To Earnings -22.43 9.19 14.74 15.25 11.23 Price To Book 0.97 1.32 2.04 1.97 1.44 Price To Cash Flow 7.41 4.83 7.83 7.80 5.87 Price To Sales 0.5 0.7 0.8 1.0 0.7 * Multiples follow companys general trend, namely increase until 2007 and then decreasing sharply * Consistent with overall picture of company, multiple analysis show the economic downturn of the entity from 2007 onwards * Point to mention: negative P/E ratio. Markets expectation about company looks really slim. The economic crisis, alongside with its severe problems generating income and its recently damaged reputation, create really unfortunate future prospects for Toyota. The negative P/E ratio and specifically its magnitude (-22) implies that nobody is neither willing to pay to buy the companys share nor expecting any profit generation. * Very sharp decline as well; 31.62 units is something extremely noticeable. If we focus on decline itself, it shows an extremely quick unfavorable turn of the market towards the company. 2.4. Companys performance 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Profitability Return on Equity -3.98 14.49 14.68 14.00 13.60 Operating Profit Margin -2.25 8.64 9.35 8.93 8.76 Asset Utilization Total Assets Turnover 0.71 0.81 0.74 0.73 0.76 Net Sales % Working Capital 28.93 180.70 1412.62 29.78 15.30 Gearing EBITDA / Interest Expense 20.94 86.19 77.33 153.70 146.20 Long Term Debt/ Common Equit 62.63 50.40 52.92 53.41 55.44 Valuation Investment Earnings Per Share -1.41 5.43 4.34 3.57 3.32 Dividend Yield Close 3.21 2.82 1.59 1.40 1.63 Liquidity Quick Ratio 0.81 0.77 0.76 0.81 0.87 Current Ratio 1.07 1.01 1.00 1.07 1.15 * Negative profitability in 2009 * Fluctuating sales/working capital as a result of fluctuation if investments (working capital) * Gearing increase in 2009 at the same time with high decrease of interest cover * Stable and quite low liquidity 2.5. Cash Flow analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Cash Flow Operating Activities 14,724.7 26,357.6 27,783.5 22,136.2 22,144.6 Cash Flow Investing Activities (12,265.3) (34,254.0) (32,727.4) (29,704.4) (28,591.6) Cash Flow Financing Activities 6,967.4 6,242.7 7,565.6 7,716.8 3,917.0 Effect of exchange rates -1,294.04 -749.27 218.18 604.94 232.09 Net Cash Flow 8,132.86 -2,402.99 2,839.91 753.58 -2,297.85 * Severe decrease in cash flow from operating activities, nearly 50% which vividly affects its operating income * Extreme decrease in investing activities around 70%, probably caused by cash shortage and policy change. The company issued a new project with main goal to improve profits and cover operating expenses and as a result we see a large negative impact in new investments. * Financing activities exhibit a stationary trend over the past few years indicating the stable financial policy of the entity. * Adverse effects of exchange rates during the last two years indicating the risk the company runs because of the Yens depreciation to the U.S dollar and the Euro. 2.6. Stock Performance The companys share performance seems to move according to the index, with the trend to over perform it constantly. We can see the decline of the shares price, which started right before the end of 2008, following the global economic recession. At the turning point, which is in the beginning of 2009, we observe a relatively high trading volume, probably indicating the forthcoming upward movement. It is also really significant to point out the extreme high trading volume observed during the first months of 2010, followed by a new decline of the shares price. This reflects the problems that Toyota is facing nowadays. There is a considerable lack of trust from the market towards the company which is mainly caused by its severely damaged reputation and loss of quality. 3. Ford Motor Company 3.1 Overview of the company A . Company profile The group operates in two segments: Automotive and Financial Services. For the automotive segment which consists of Ford, Lincoln, Mercury and Volvo has a main operating activity in manufacturing, sale and service of component for cars and trucks. The Financial services segment is included of financing, insurance and leasing regarding to cars, trucks, industrial equipment, construction equipment and other activities. The company has operation in North America, South America, Europe, Africa and Asia- Pacific. B. Strategy Analysis  · One Ford The Company has initiated the new strategy called â€Å"One Ford† which has detail as follow: o ONE TEAM focuses the significant of team work in order to reach the automotive leadership. The measurement is satisfactory of business partners, employees, investors, and related companies. o ONE PLAN: The four-step plan has been established which composed of: balance between cost structure and revenue; develop new product follow customer preference; develop balance sheet status and finance the plan; and cooperation around the world to leverage companys resources. o ONE GOAL: That is â€Å"to create an exciting and viable company with profitable growth for all†. Ford has started the restructuring business process before the economic crisis which the Company has reduced the excess capacity, closed some unprofitable plants and lower excess workforce. In addition, Ford has improved the product line in term of higher quality, more safety, use less energy and more economic. * Affordable Fuel Economy: Focusing on deliver fuel efficiency engine to the market. For example, the 2010 Ford Fusion is now Americas most fuel efficient midsize sedan for both the hybrid and conventional gasoline models. * Electrification strategy: plan to bring pure batteryelectric vehicles, next-generation hybrids and a plug-in hybrid to market quickly and more affordably over the next four years. * Safety leadership: Ford got totaling 16 models picked from the Insurance Institute for Highway Safety which more than other brands. * EcoBoostâ„ ¢ Engine: delivers significant gains in fuel economy along with a great performance drive feel. C. Peer Group Fords peer group is Daimler AG, Fiat Spa ¸ Honda Motor Company Limited, Motors Liquidation Company, Nissan Motor Company Limited, Toyota Motor Corp and Volkswagen AG. D. Fords SWOT Analysis Strengths Weaknesses l Wide geographic Operate throughout the world and has a strong market in North America, Europe and Asia. Sales of each region of 2008 are 49%, 39% and 12% respectively. The well diversified market of ford reduces the risk of economic problem in specific area. l Brand royalty Ford has renowned reputation about quality and also owns other renowned brands such as Lincoln, Mercury and Volvo. l Quality car Ford owns totaling 16 models of car that rated as safety car by the Insurance Institute for Highway Safety l Product Recall Experienced many recalled products due to the quality of defective cruise control switch which may cause fire. Even though there is no fire cases reported but the Companys reputation is negative affected. l Negative operating result l Low gross margin GSKs long-term debt increased by 115.5% in 2008, which may lead to problems such as heavy interest payment, risk of having too little working capital and even increasing possibilities of bankruptcy. l Too much long-term debt This may lead to problems such as heavy interest payment, risk of having too little working capital and even increasing possibilities of bankruptcy. Opportunities Threats l Expanding market in emerging market Ford has a plan to expand its sale in the emerging market which has great buying power in the future. l Eco-friendly engine Ford has high reputation in the eco-friendly engine such as hybrid engine which has very promising market. l Fuel efficiency Ford found another opportunity in the market for fuel-efficient in small and middle car. l High competition Due to new competitor, lower demand and excess capacity. l Economic crisis Economic crisis and regression in USA where is the main market of Ford caused severe effect to the Company. 3.2. Key Financial Analysis Source: ThomsonFinancial Scaling Factor : 1,000,000 USD Currency: USD 12/31/08 12/31/07 12/31/06 12/31/05 12/31/04 Net Sales or Revenues 146,277.00 172,455.00 160,123.00 177,089.00 171,652.00 Operating Income 3,518.00 8,031.00 -8,167.00 7,010.00 10,681.00 Earnings Before Interest And Taxes (EBIT) -4,885.00 6,792.00 -6,689.00 9,354.00 11,669.00 Interest Expense On Debt 9,682.00 10,927.00 8,783.00 7,643.00 7,071.00 Net Income Available to Common -14,681.00 -2,764.00 -12,615.00 2,441.00 3,634.00 Total Assets 215,773.00 276,459.00 275,337.00 264,891.00 294,447.00 ST Debt Current Portion of LT Debt 63,972.00 61,052.00 62,456.00 59,904.00 66,433.00 Long Term Debt 90,716.00 107,478.00 109,593.00 94,428.00 106,540.00 Total Liabilities 231,889.00 269,410.00 277,643.00 250,812.00 277,525.00 Common Equity -17,311.00 5,628.00 -3,465.00 12,957.00 16,045.00  · Net sales decreased from 2007 about 15% as the economic crisis in the State which is the main market of Ford. The Company has had substantial losses from operation since 2006.  · Ford has high outstanding of long-term loan which may causes liquidity deficiency or bankruptcy if the Company still has continuously loss in the future.  · As a result of net losses from operation since 2006, Ford has had negative shareholders equity since then. 3.3. Multiples Analysis MONTHLY HISTORICAL MARKET PRICES Y2008 Y2007 Y2006 Y2005 Y2004 January 6.64 8.13 8.58 13.17 14.54 February 6.53 7.91 7.97 12.65 13.75 March 5.72 7.89 7.96 11.33 13.57 April 8.26 8.04 6.95 9.11 15.36 May 6.80 8.34 7.16 9.98 14.85 June 4.81 9.42 6.93 10.24 15.65 July 4.80 8.51 6.67 10.74 14.72 August 4.46 7.81 8.37 9.97 14.11 September 5.20 8.49 8.09 9.86 14.05 October 2.19 8.87 8.28 8.32 13.03 November 2.69 7.51 8.13 8.13 14.18 December 2.29 6.73 7.51 7.72 14.64 . 5 Year 5 Year VALUATION Y2008 Y2007 Y2006 Y2005 Y2004 Y2003 Growth Rate Average P/E Ratio (High) -1.36 -6.93 -1.41 12.94 9.63 34.66 -1.04 2.57 P/E Ratio (Low) -0.16 -4.75 -0.90 6.64 7.01 13.16 -1.01 P/E Ratio (Close) -0.35 -4.81 -1.12 6.77 8.13 32.00 -1.01 1.73 Price/Sales 0.04 0.08 0.09 0.09 0.18 0.18 -0.80 0.10 Price/Book Value -0.32 2.62 -4.14 1.14 1.74 2.62 -3.94 0.21 Price/Cash Flow 0.44 1.24 1.76 0.70 1.11 1.35 -0.67 1.05 Price/Working Capital 0.00 0.00 0.00 0.00 0.00 0.00 -0.16 7.78 TARenderChart.png * P/E ratio turned to be negative since net losses from operation since 2006 and also the market price has continuously decreased from 8.58 in the beginning of 2006 to 2.29 at the end of 2008. * P/B ratio had negative value in 2008 from the negative book value of Ford. 3.4. Companys performance Worldscope Currency: USD PROFITABILITY RATIOS 12/31/08 12/31/07 12/31/06 12/31/05 12/31/04 Return On Invested Capital 0.25 1.92 1.95 2.95 3.32 Operating Profit Margin 2.43 2.94 3.12 5.02 6.54 ASSETS UTILIZATION RATIOS Asset Turnover 0.63 0.60 0.59 0.59 0.58 Net Sales Pct Working Capital 10.62 6.21 5.68 11.06 41.64 LEVERAGE RATIOS EBITDA / Interest Expense -0.50 0.62 -0.76 1.22 1.65 LT Debt Pct Common Equity -76.88 233.49 316.38 1,268.12 1,229.66 LIQUIDITY RATIOS Quick Ratio 1.05 1.08 1.12 1.08 1.03 Current Ratio 1.21 1.25 1.30 1.25 1.19  · Profitability ratios do not show the good performance as Ford has had net loss from operation since 2006.  · Leverage ratios also go in the same trends as a result of negative equity and high outstanding balance of long-term loan.  · Liquidity ratios present that Ford still can generate cash to supply its working capital but if consider to the long-term debts Ford may cannot provide enough cash to support its debt payment since these ratios are still in the low range compared with its debt outstanding amount. 3.5. Cash flow analysis Source: ThomsonFinancial Scaling Factor : 1,000,000 USD Currency: USD 12/31/08 12/31/07 12/31/06 12/31/05 12/31/04 Net Cash Flow From Operating Activities -179.00 17,074.00 9,609.00 21,674.00 22,591.00 Net Cash Flow From Investing Activities 3,143.00 6,457.00 24,862.00 -7,462.00 8,567.00 Long Term Borrowings 42,163.00 33,113.00 58,258.00 24,559.00 22,223.00 Inc(Dec) In ST Borrowings -5,120.00 919.00 -5,825.00 -8,591.00 4,937.00 Reduction In Long Term Debt 46,299.00 39,431.00 36,601.00 36,080.00 36,021.00 Net Cash Flow From Financing Activities -9,104.00 -5,242.00 15,273.00 -20,651.00 -14,226.00  · The Company cannot generated sufficient cash from operation and had negative net cash flow from operation. Moreover the Company had to pay interest expenses for loans and had high net cash paid for financing activity. 3.6. Stock market performance  · Ford shares have been traded lower than SP500 since 2001 until 2010. Especially since 2006 that the operating results had continuous substantial losses. 4. Honda Motor Company Limited 4.1. Introduction Honda Motor is one of leading automobile manufacturers in the world. The company develops, manufactures and markets automobiles, motorcycles and power products. The company also provides financing services to the dealer and customer for the sale of products. Honda has global operations in areas including North, South and Central America, Asia, Middle East, and Europe with its headquarter at Tokyo in Japan. Strategy analysis Honda Motor has three strategies. They are â€Å"Staying Close to Customers†, â€Å"glocalization† and â€Å"five region strategy†. Staying close to customers mean the maintenance of the qualities of a small company, Provide value product with flexibility and efficiency as a small company does and maintain global reach and technology advantage as a large company does is the drive to the future growth of Honda. Glocalization means the effort to launch subsidiaries in regions that could best meet the demand of local customers and expand the subsidiaries as the local demand increases. Five region strategy requires the operations focus on five areas the world. They are North America, South America, Europe/Middle East/Africa, Asia/Oceania and Japan. The management decisions are served to suit the situation in different areas. The advanced RD capacity equips the Honda to provide flexible products to adjust the need of these regions. Business activities The company operates through four business segments: the automobile business, motorcycle business, financial services, and power products. The automobiles business division manufactures passenger cars, multi-wagons, minivans, port utility vehicle, sports coupe and mini vehicles. Hondas automobiles use gasoline engines of three, four or six-cylinder, diesel engines and gasoline-electric hybrid systems. Honda also offers alternative fuel-powered vehicles such as natural gas, ethanol, and fuel cell vehicles. In 2008, the company sold 3,925,000 units of automobiles. The motorcycle business produces a range of motorcycles, including scooters, electric-motor-assisted bicycles, sports bikes and large touring cycles. Hondas motorcycles use gasoline engines developed by Honda that are air or water cooled, two or four cycled, and single, two, four or six cylinder. In 2008, the company sold a total of 9,320,000 units of motorcycles. Honda offers a variety of financial services to its customers and dealers through its widespread finance subsidiaries. Hondas power products manufactures a variety of power products including power tillers, portable generators, general purpose engines, grass cutters, outboard engines, water pumps, snow throwers, power carriers, power sprayers, lawn mowers and lawn tractors (riding lawn mowers). Honda also manufactures the major components and parts used in its products, including engines, frames and transmissions. Peer Group The globalization of the Honda motor makes it face the global intense competition. The competitors include Ford Motor, Nissan Motor, Toyota Motor, Volkswagen etc.(in the automobile sector) and Yamaha Motor, Harley-Davidson etc.(in the motor vehicle industry). SWOT Analysis Strengths Weaknesses l Global diversification The company operates a total of 397 subsidiaries, and 104 affiliates all over the world. l Leading market position and good brand image Honda is one of the largest vehicle and motorcycle manufacturers over the world with strong brand strength. l Strong Research and Development capacity The large investment in RD could equip Honda the capability to differentiate itself in the intense competitive market. l Declining Market Share in Sector Evident of decline in unit sales and lost of market shares in the automobile industry. l Low employee productivity Honda has a weak proportion on the number of employees and the revenues. Opportunities Threats l Growing demand in Asian market Honda has taken measures to occupy the huge potential Asian market. l Growing demand in hybrid electric vehicles The companys emphasis on hybrid technology innovation will capture market trends as an opportunity to enhance its market share. l Global competition The competition would result in price pressure and thus reduce the profitability. l Tightening emission regulations The emission standards will cause Honda to occur more costs in product development, testing and manufacturing process design. 4.2. Key Financials Analysis Source: ThomsonFinancial Currency: JPY Scaling Factor : 1000000 JPY 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Sales 10,011,241.00 12,002,834.00 11,087,140.00 9,907,996.00 8,650,105.00 Operating Income 189,643.00 953,109.00 851,879.00 730,889.00 630,920.00 Net Income Available to Common 137,005.00 600,039.00 592,322.00 597,033.00 486,197.00 Total Assets 11,579,494.00 12,439,610.00 11,964,917.00 10,533,995.00 9,187,808.00 Total Liabilities 7,449,150.00 7,753,539.00 7,359,399.00 6,320,785.00 5,828,513.00 Common Equity 4,007,288.00 4,544,265.00 4,482,611.00 4,125,750.00 3,289,294.00 Net Cash Flow Operating Activities 383641 1126918 904525 576557 746624 l The operating income reduces dramatically, approximately 80% from the previous years result. This result is caused by the severe decline in the sales and the consequently increase in inventory cost. l Before 2009, all the s are in a healthy and steady upward trend. But in the fiscal year ended at 31st march 2009, the volumes all experienced a dramatic decline. They are caused by the sales plunge. l The declines trends are due to the economic recession caused by the financial crisis because the demand in Japan, US and Europe shrank. The automobile industry faces a severe challenge and most companies in the sector reported unsatisfactory results. 4.3. Multiple analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Price To Earnings 30.7 8.6 10.3 Price To Book 1.0 1.1 1.6 1.5 Price To Cash Flow 4.6 4.2 6.8 Price To Sales 0.4 0.4 0.7 0.7 0.6 l Although the P/E ratio increases significantly, its not a good sign. The increase in P/E ratio is not due to the high expectation of the investors and the fundamentals such as growth opportunities. Instead, the soaring P/E is the result of the plummeting earnings to common shareholders. l The price to book ratio and price to sales declined in 2008 and 2009, indicating the declining

Louis Pojman’s Ethics: Discovering Right and Wrong Essays -- Utilitari

Utilitarianism is a theory which states that the purpose of morality is to achieve maximal goodness in a society. It is consequentialist rather than deontological in that the moral value of ethical decisions are to be judged in terms of their effects, rather than the intrinsic properties of the acts themselves. Those effects are deemed good which generate the most pleasure or happiness, or which minimize overall pain. There are two classical types of utilitarianism which will be under our consideration: act-utilitarianism and rule-utilitarianism. Two objections to utilitarianism will be examined, as well as Louis Pojman’s responses to those objections in Ethics: Discovering Right and Wrong. It will be shown that Pojman presents an adequate defense of utilitarianism, and that utilitarianism succeeds as a worthwhile moral theory. Act-Utilitarianism is the thesis that â€Å"an act is right if and only if it results in as much good as any available alternative† (Pojman 110). One conspicuous problem with the thesis is that it suggests that correct moral actions will often clash with our intuitions about basic moral norms. For example, Pojman refers to Richard Brandt’s criticism in which he points out that the act-utilitarian seems to be committed to helping the needy above one’s own family, repaying debts only if there is no better use for the money, and ending the lives of those who are a drain on others (Pojman 110). Rule-Utilitarianism is a response to this objection and an attempt to formulate a more plausible conception of the theory. Pojman’s definition is: â€Å"An act is right if and only if it is required by a rule that is itself a member of a set of rules whose acceptance would lead to greater utility for society tha... ... more difficult objections can be countered in various ways. The â€Å"no-rest† objection isn’t defeating, since leisure can be incorporated into the moral rules. The justice objection has two responses: one of defeat, the other of integration. I have found the response of defeat (that justice can be overridden) to be unsatisfactory, since justice is an intrinsic good that is absolutely necessary for human flourishing. The conciliatory approach to the justice objection seeks to integrate justice into the higher level rules. I think that this is a credible utilitarian position. It captures the importance of justice in our moral reasoning and legitimates utilitarianism as a moral theory without sacrificing the principles of consequentialism nor utility. Works Cited: Pojman, Louis P. Ethics: Discovering Right and Wrong. 5th edition. Thomson Nelson. Toronto: 2005.

Odyssey bibliography Essay

Odysseus was one of the famous Greek poets. He was Laertes and Anticlea’s son and was married to Penelope (a woman thought to be inordinately faithful) and was a father to Telemachus. Odysseus was the king of Ithaca, a favorite place in Athens, and was one of the few Greeks that returned home safely from troy and the Trojan War though it took a long time before they returned. He is believed to have written some poems in the end of eighth century BC. Odysseus was among the leader of Achaeans who have contributed to most part of Greek literature. In his different walks of life, he is view as a hero and in other side as a failure, in the focus of his bibliography as written by homer, his participation in Trojan war and his tricks that made him stand unique paving way for his success in his missions. He was a family man who focused on achievements and did not believe on failures, he believed in as supernatural power of gods that were making him strong in believe that they were in his support in the victory. The essay focuses on the life line of Odysseus, participation and contributions as well as his character traits as narrated by different poets and other literatures. Joachim, 2005) Odysseus early life When Odysseus was a young boy, he exhibited on his talent; his main fond was archery and was excelling on it. Young Odysseus was fond of hunting with his dog, Argos, he could not stop doing what he liked no matter the challenges example is when he was gored by a bear and left a scar on his thigh. The scar was a lifetime mark that would help his old nurse Eurycleia when he returned from his wonderings. He was know to mind less about the appearance, some people went far as saying that he had bandy-legged, but when he began talking, he was unstoppable. His cleverness brought him closer to goddess Athena; he became his protector at troy and later on the sea. Odysseus became one of the original suitors of Helen of troy. He came woo her in Sparta for it was expected of him though his main interest was in her cousin Penelope. To avoid dispute among the suitors that were interested in Helen, Odysseus suggested to her father to help him win Penelope, Helen’s cousin, her father feared the preference of one suitor. Odysseus suggested to Tyndareus to exact an oath to all suitors that they will defend the favored suitor and protect his marriage against anything wrong that may be done to him. Helen married Menelaus of the cursed horse. Icarius of Lacedaemon, the Penelope’s father, offered his daughter to Odysseus, the man who defeated him in foot race. Penelope’s father, the old king of Lacedaemon was trying to make the newly wedded couples to stay in Lacedaemon but Odysseus refused and set for Ithaca. After much insisting, Odysseus had to bade to his wife either to move with him or return to her father. Penelope did not respond but instead she covered her face which was a clear indication that she wished to move with her husband, this was a clear prove of her cleverness and wily as her husband. Martin, 2007) On arrival in Ithaca, Odysseus had to build a new palace for him and his new bride. The couple got a son, it did not take long before the news came to them that Paris had eloped Helen. After the Paris abducted Helen, her father invoked an oath of Tyndareus, Odysseus refused to make good out of it. He pretended to be mad just to proof his sanity after he avoided hitting a child. (Kayakas, 1988) Odysseus character Odysseus is described as a hero due to his cunning intelligence. The use of deceptive speech describes him well and is well manifested in his character traits as a peer of Zeus in counsel. His disguising character takes form altering his appearance and verbal, this may be seen in the event when he blinded Cyclops when he told him that his name was nobody the managed to escape after blinding Polyphemus. When polyphemuss was screaming and Cyclops asks him why he was doing that, he said that nobody is hurting him, every one (Cyclopes) thought no one was hurting him and may be he was suffering in the hands of immortal Zeus. According to Odyssey of Homer, it is evident that Odysseus was arrogant and proud, as he sailed away from the Cyclops’s island, he boasted as he shouted his name saying that no one defeat him ‘great Odysseus’. The Cyclopes were not happy with him and the threw bitter words to him as he tells his father that Odysseus blinded him which enraged Poseidon and caused the god to curse Odysseus home coming and delayed for a long time. (Rodney, 2006) Odysseus events Odysseus events are narrated and given from the middle of the plot; this has been done through flashbacks and story telling. The later authors have done this through imitation, examples of these authors are Virgil and Aeneid, the modern poets were not left behind such as Pope Alexander in the mock epic, mock-heroic also commonly known as ‘the rape of the rock’. At first we find Odysseus trying to assert control on the household and later at Athena’s advice while in search for news concerning his lost fathers. Odysseus was a captive for a long time of the beautiful nymph Calypso who he had spent with his seven years of his lost ten years. (Karykas, 2003) After his release by intercession of his patroness Athena, he leaves and his raft was destroyed by his known enemy Poseidon who was much annoyed because Odysseus had blinded Polyphemus his son. Odysseus washed up Scherie, which was the home to Phaeacians and is assisted by Nausicaa who treats him with great hospitability. When he returned he narrated about his adventures since he left troy to Phaeacians and the leader of his adventures satisfying their curiosity. This flash back extends back to where Odysseus stands and his tale told. Odysseus got a ship through loan from shipbuilding Phaeacians to return to Ithaca, he is assisted by swine hearder Emaeus to meet Telemachus, in the process he got back his house hold and managed to kill the suitors and then he was able to reunite with his faithful Penelope, his wife. Odyssey is divided into 24 books in all modern editions and translations. The message contained there in is convincing but not original, Alexandrian editors developed this by 3rd century BC. Through the period, the books have been given different titles. Barry, 2006) Odysseus and culture Different cultures have risen in concern of Odysseus; some of the cultures describe him as a hero and others as a scoundrel. Odysseus was ruling the Cephallenians, this were the people who were dwelling on the islands that was on the northwest coast of Greece. His palace was on the rocky island of Ithaca, compared to other Greek princes that were fighting at troy; he was not as wealthy as them though he was living a com fortable life. (Malcom, 2000) Trojan War According to myths of Greek, the Trojan war was war that was Achaeans against the city of troy after Helen was stolen by troy of Paris from her husband Menelaus who was the King of Sparta. Trojan War was among the most important events that happened in the Greek mythology which was narrated by many and different works of Greek literature that included the Iliad, Homer and the Odyssey. Trojan War believed to have originated from a quarrel between the Aphrodite, Athena and Hera goddesses after the Eris, goddess of strife and discord offered them a golden apple, and this is also referred to as apple of discord that was marked to be the fairest. When the goddess went to Paris and judged that Aphrodite as the fairest and should be the one to receive the apple. In exchange apple, Aphrodite made Helen to be the most beautiful woman and fallen in love with Paris who would take her to troy. Achaeans desecrated temples and they slaughtered Trojans, they got the wrath of gods’, only few of the Achaeans returned home safely while others found colonies in different places in the shores. The Romans were led by one of the surviving Trojan to their origin, Italy. Wood, 1998) Odyssey describes the Odysseus journey home. He was among the Achaean leaders. Other parts of the war have been narrated by cycle of epic poems, though has survived in fragments. The war episodes were important for they provided materials for the Greek literature and for the Roman poets like Ovid and Virgil. Odysseus had fought for more than ten years in the Trojan War before he came up with the idea of wooden horse. This was probable the reason why wily or c rafty was attached to his name. Odysseus incurred another decade on the way before arriving home after blinding Poseidon’s Cyclops son that brought a wrath to him. This delayed him to arrive in time so this covers him and his crews return way to Ithaca from Trojan War. (Jonathan, 2004) Dilemma of Odyssey Though the ancient Greeks great epic poems were attributed to the confusing figure of homer, not much is known about him and the contribution of odyssey beyond his name being attached to the poems. There is some doubt whether homer was the real author of Odyssey and Iliad. Homer played a primary role in shaping the master work, much is said about the probability of his contribution, if he is the real author, he must be a great literature artist. Odysseys are the most influential poems; Odysseus epics are used in the Greek education and culture throughout the age and have formed a backbone of human education from the time of Roman Empire and spread of Christianity. The translation of odysseys have brought an impact on Renaissance culture of Italy, this have helped in forming European tradition. The poems are of some use in determining when Homer and Odysseus lived, this gives a clue that make it easy to assume that they lived around 8th century, The Odyssey may belong closer to this period. The dilemma behind this is that odysseys were oral; this was to be passed through generations till the time of writing. Odysseus own means of poems are through singing. Another dilemma is what would affect the accuracy of when epics came to written form. (Michael, 1976) Conclusion Odysseus was a man of different character; no one could really describe his character confidently. He was a man of high moral and he used his cleverness to avoid what he wanted and avoid what seemed not good for him. During the Trojan War, Odysseus was a man his group could not do without; his mode of decision making was quite unique and stood as a pillar for the victory. The life of Odysseus was a life well lived, he left a legend behind that would become a literature to learned in European education, this was an epic that taught much of the Greeks’ empire and history.

Introductory paragraph and online worksheet Essay

I am number three of four children in the family line up, the first and only to go to college. My parents always have been supportive of my going back to school because they did not even finish elementary school. My career plan is to become an Elementary School Teacher or a Marriage and Family Therapist. I am currently working on getting my bachelor’s degree in psychology, possibly a master’s degree in education or counseling. University of Phoenix was one of my first school choices, I loved that I could focus on one class at a time and be able to work full time. The tools available to a University of Phoenix student are amazing; build a career plan, do job market research, online library, personality tests, and much more. My competencies helped me to see what my strengths and weaknesses are such as innovating, writing, adapting to change, and coping with pressure. Once I completed the career interest profiler, I was not surprised to see that my results encouraged me to be a teacher or a therapist because I am interested in that.