Persuasive Outlines for Gay Marriage free essay sample

First, a persuasive speech means to influence your listeners to change their way of thinking to yours through factual and logical information. A persuasive speech will get your listeners to re-evaluate their view on a topic and change their beliefs. A persuasive speech Is not to deliver complete information but to use information to make a convincing argument. An informative speech has the purpose to inform your listeners to a specific topic. An informative speech Is to teach and educate a person or group of people on a certain subject.You are not trying to change the opinion of someone lust giving new information. The differences between the two are persuasion Is to get another person to see you way and change their own view on the subject. An Informative speech Is to teach and educate another person about a specific topic, For an example, an Informative speech about cheerios would tell you how the product was made and where It comes from. We will write a custom essay sample on Persuasive Outlines for Gay Marriage or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Where a persuasive speech about Cheerios would tell you why you should eat them Instead of say Rice Cripples.Persuasive speeches are use more by politicians, salesperson, and lawyers because heir role is to get you to think their way is the right way. An informative speech is for say teachers, professors, counselors, mentors because their roles are to teach and educate you on a subject not change your views.

Fammily Friendly for Whose Family essays

Fammily Friendly for Whose Family essays Do workers without children reap the same rewards as do their colleagues who are parents? Equal work for equal pay has long been the American mantra, but are parents more equal? The childfree say it is dangerous to promote one lifestyle and set of personal choices above others. Granting special privileges to those that reproduce creates unprivilege and subtle social pressure for those that don't. Parenting is a choice. With that choice comes responsibilities. In the last decade, as parents have struggled to balance responsibilities at home and at work, they have simultaneously raised the bar politically and in the workplace. During the 106th Congress, dozens of bills were introduced to increase the child tax credit, award stay-at-home parent grants to return to school, and expand the 1993 Family and Medical Leave Act. Childless adults have had enough. They feel they have become second-class citizens in the eyes of their government and their employers. They say family-friendly policies that have become the norm, place an unfair burden on childfree workers and don't consider their families or lifestyles. Is it fair to give tax credits to parents regardless of income? (CNN 1) Should the childfree be expected to work extra hours because they don't have children? Should employee benefit plans reward fertility rather than longevity or merit? The childfree see a world of colleagues who are stressed out because they've chosen to believe the lieyou can have it all. (Burkett 55) You can have children, careers, and excel at both. They say we've taken a step backward to the days when married men made more than women doing the same work because they had families to support. They've watched as children invade places sacred to adults such as R-rated movies and the workplace itself, (Belkin 32) employers create benefit packages that are full of maternity leave, pregnancy coverage, and other child-friendly perks that mean pa...

10,000 Years of Andean Glacier Melt Explained Research Paper

10,000 Years of Andean Glacier Melt Explained - Research Paper Example The regression was basically related to the increase in temperature by 3Â °C which resulted warming of the Pacific Ocean. The research was conducted by IRD with several phases. The first phase includes a recent dating method which aims to reconstruct the chronology of the 10,000 years of glacier melt. The research method involves a measurement of the concentration of the chemical elements which resulted in building up in rock. The glaciologists who were involved in the research work applied the past climate model to find out what exactly caused the variation in the volume of Telata glacier. The research also focused on the tropical glaciers from the beginning of the industrial period. It also focuses on the high exposure of the masses of ice at a higher altitude like 5000 m where the severity of warming is quite high. The reasons for melting of glacier has been stated by different researchers across the world in different ways but the actual causes for the Andean Glacier Melt is sti ll unknown or vaguely known to people. Most of the Andean glaciers are situated at a very high altitude and sometime the altitude is more than 5000 m. The glacier is very sensitive to the climate warming which resulted in the dislocation of the tropical glacier and the elevation.

Comparing different philosophical theory Research Paper

Comparing different philosophical theory - Research Paper Example The main weakness of the idea is that it may justify an action that is carried out under free will and personal selection. Roberts points out that the idea eliminates the use of free will as a causing factor of an activity (35). Compatibilism on the other hand provides that the argument presented by determinism and free will are viable (Bobzien 28). The idea is of the assumption that a person may take part in an activity out of free will. Consequently, the person may take part in an activity an influence by another event. The concept differs from determinism in that it embraces free will. The concept may be used effectively in a court case where the actions of a person should be determined either as an action from free will or influenced by another activity. This creates the strength of the concept and makes it reliable when understanding human behavior. However, the concept does not justify the influence of nature on human behavior. Bobzien is of the assumption that nature is inevitable thus it makes it a requirement to adjust and embrace free will as a source of intent (33). Libertarianism is a concept that tends to embrace the argument that free will dominates the society (Ronald 17). In addition, the concept promotes the domination of free will. The concept is created from the argument on liberty. Liberty refers to the ability of a person to make independent decision and all institution the society respects the decision. Moreover, the concept tends to approve the personal ownership of natural resources without the interference of the state. One major weakness of the concept is that it eliminates the role of social institutions in the society. It perceives as free will as the most significant factor in the society. However, it creates an advantage that provides power to the people (Ronald 23). The three concepts have major differences. The differences are created in their ability to

Against Legalizing Prostitution Essay Example | Topics and Well Written Essays - 1000 words

Against Legalizing Prostitution - Essay Example nthropology, and Social Work at Central Michigan University and Shekarkhar works at the Department of Sociology and Criminology & Law at the University of Florida. Hayes-Smith and Shekarkhar focus on the flaws of the current construction and propose alternative constructions instead of prostitution decriminalisation. According to Hayes-Smith and Shekarkhar, prostitution remains illegal in most parts of the US. The authors question whether there is empirical evidence to support United States’ argument that prostitution must remain illegal for maintenance of public health/safety. According to the article, there are four assumptions of laws on prostitution. These assumptions include illegalisation of prostitution deters the soliciting of such services, prostitution spreads sexually transmitted diseases, sex work increases the vulnerability of prostitutes to victimization, and prostitution creates social disorder. Hayes-Smith and Shekarkhar argue, â€Å"†¦these assumptions have fear-inducing component directed towards prostitutes† (45). The authors add that the assumptions may also not be empirically valid. Hayes-Smith and Shekarkhar believe that laws on prostitution are directed towards benefiting certain people and groups in society, but devastating others. Community members do not have common beliefs; hence, the laws are beneficial who believe that exchange of sex for money is morally reprehensible and a way out of the traditional family order. The authors posit that illegalisation of prostitution leads to injustices because it stigmatizes sex workers, infringing their right to use their bodies as a source of income. The flaws identified in the current prostitution laws makes Hayes-Smith and Shekarkhar call for an alternative construction for addressing the inefficiencies. Additionally, Hayes-Smith and Shekarkhar posit that prostitution should actually be decriminalised because it is rampant among the upper class citizens whose chances of criminalization are

History and Impact of Additive Manufacturing

History and Impact of Additive Manufacturing In the recent years, technology has been evolving at an exponential rate, due to important breakthroughs in research and development of new ways to produce efficient materials and structures. One of the most important technological step forward was the implementation of the extended use of Additive Manufacturing Machines, also known as 3D Printers. This revolutionary concept of Additive Manufacturing (AM) describes the technologies that build 3D objects by adding layer-upon-layer of material, whether the material is plastic, metal, concrete or maybe one dayà ¢Ã¢â€š ¬Ã‚ ¦. human tissue? The history of AM Manufacturing: The first additive manufacturing equipment and materials were developed by Charles Hull in the early 1980s, and he called the process stereolithography, (Jane Bird 2012). Hull, who has a bachelors degree in engineering physics, was working on making plastic objects from photopolymers at the company Ultra Violet Products in California. Stereolithography uses an .stl file format to interpret the data in a CAD file, allowing these instructions to be communicated electronically to the 3D printer. Along with shape, the instructions in the .stl file may also include information such as the color, texture, and thickness of the object to be printed.( Gross BC, Erkal JL, Lockwood SY, Chen C, Spence DM -2014) By the early 2010s, the terms 3D printing and additive manufacturing evolved senses in which they were alternate umbrella terms for AM technologies, one being used in popular vernacular by consumer maker communities and the media, and the other used officially by industrial AM end use p art producers, AM machine manufacturers, and global technical standards organizations.(Ishengoma, Fredrick R.; Mtaho, Adam B.-2014) Many other companies have since developed 3D printers for commercial applications. Hulls work, as well as advances made by other researchers, has revolutionized manufacturing, and is poised to do the same in many other fields-including medicine. (Gross BC, Erkal JL, Lockwood SY, Chen C, Spence DM -2014) 2. The types of AM Processes Although the term 3D Printing is used as a synonym for all Additive Manufacturing processes, there are actually lots of individual processes which vary in their method of layer manufacturing. Individual processes will differ depending on the material and machine technology used. Hence, in 2010, the American Society for Testing and Materials (ASTM) group ASTM F42 Additive Manufacturing, formulated a set of standards that classify the range of Additive Manufacturing processes into 7 categories (Standard Terminology for Additive Manufacturing Technologies -2012). These categories are: VAT Photopolymerisation which refers to using a vat of liquid photopolymer resin, out of which the model is constructed layer by layer; Material Jetting, which is used to create objects in a similar method to a two-dimensional ink jet printer. Material is jetted onto a build platform using either a continuous or Drop on Demand approach; Binder Jetting, which uses two materials; a powder based material and a binder. The binder is usually in liquid form and the build material in powder form. A print head moves horizontally along the x and y axes of the machine and deposits alternating layers of the build material and the binding material. Material Extrusion; Fuse deposition modelling is a common material extrusion process. Material is drawn through a nozzle, where it is heated and is then deposited layer by layer. The nozzle can move horizontally and a platform moves up and down vertically after each new layer is deposited. Inkjet Printing is a noncontact technique that uses thermal, electromagnetic, or piezoelectric technology to deposit tiny droplets of ink (actual ink or other materials) onto a substrate according to digital instructions. Sheet Lamination processes that include ultrasonic additive manufacturing and laminated object manufacturing. Directed Energy Deposition which covers a range of terminology: Laser engineered net shaping, directed light fabrication, direct metal de position, 3D laser cladding It is a more complex printing process commonly used to repair or add additional material to existing components. 3. Description of the way Thermal Inkjet Printing AM Machines work As mentioned above, TIJ printers use a technique that uses thermal, electromagnetic, or piezoelectric technology to deposit tiny droplets of ink (actual ink or other materials) onto a substrate according to digital instructions. In inkjet printing, droplet deposition is usually done by using heat or mechanical compression to eject the ink drops. In TIJ printers, heating the print head creates small air bubbles that collapse, creating pressure pulses that eject ink drops from nozzles in volumes as small as 10 to 150 picolitres. Droplet size can be varied by adjusting the applied temperature gradient, pulse frequency, and ink viscosity. TIJ printers are particularly promising for use in tissue engineering and regenerative medicine. Because of their digital precision, control, versatility, and benign effect on mammalian cells, this technology is already being applied to print simple 2D and 3D tissues and organs (also known as bioprinting). (Cui X, Boland T, DLima DD, Lotz MK -2012) 4. The benefits of AM Machines in Medical Industry The strengths of Additive Manufacturing lie in those areas where conventional manufacturing reaches its limitations. The technology is of interest where a new approach to design and manufacturing is required so as to come up with solutions to complex and complicated situations. It enables a design-driven manufacturing process where design determines production and not the other way around. What is more, AM allows for highly complex structures which can still be extremely light and stable, which is a particularly important characteristic for medical bio-engineering. It provides a high degree of design freedom, the optimization and integration of functional features, the manufacture of small batch sizes at reasonable unit costs and a high degree of product customization even in serial production, thus providing the possibility of adapting every AM designed apparatus to every patient needs. (S.V Murphy, A. Atala -2014) For example, 3D printing has been considered as a method of implant ing stem cells capable of generating new tissues and organs in living humans. With their ability to transform into any other kind of cell in the human body, stem cells offer huge potential in 3D bio-printing. (3D Masterminds 7 Ways 3D Printing Is Disrupting the Medical Industry-2015) Many medical devices, such as hearing aids, dental crowns, and surgical implants are relatively small in size and therefore suitable for the production available through common AM systems. According to a new research report from Albany, NY based Transparency Market Research, the global market for 3D printing in medical application was valued $354.5 million in 2012 and is expected to grow at a compound annual growth rate (CAGR) of 15.4 percent from 2013 to 2019 to reach $965.5 million by 2019. (Wohlers Associates 2014) 5. Conclusion 3D printing has become a useful and potentially transformative tool in a number of different fields, including medicine. As printer performance, resolution, and available materials have increased, so have the applications. Researchers continue to improve existing medical applications that use 3D printing technology and to explore new ones. The medical advances that have been made using 3D printing are already significant and exciting, but some of the more revolutionary applications, such as organ printing, will need time to evolve, but still, taking into account the way technology evolves today, this kind of application may soon be accessible. 6. References -Jane Bird (2012-08-08). Exploring the 3D printing opportunity. The Financial Times.  Ãƒâ€šÃ‚   https://www.ft.com/content/6dc11070-d763-11e1-a378-00144feabdc0#axzz24gFn5Cal/ Gross BC, Erkal JL, Lockwood SY, et al. Evaluation of 3D printing and its potential impact on biotechnology and the chemical sciences. Anal Chem. 2014;86(7):3240-3253 https://all3dp.com/types-of-3d-printer-technology-explained/ -Ishengoma, Fredrick R.; Mtaho, Adam B. (2014-10-18). 3D Printing: Developing Countries Perspectives. International Journal of Computer Applications. 104 (11): 30-34. arXiv:1410.5349Freely accessible. doi:10.5120/18249-9329. ISSN 0975-8887. -Cui X, Boland T, DLima DD, Lotz MK Recent Pat Drug Deliv Formul. 2012 Aug; 6(2):149-55. -3D bioprinting of tissues and organs Sean V Murphy Anthony Atala  © 2014 Nature America -3D Masterminds 7 Ways 3D Printing Is Disrupting the Medical Industry-2015: http://3dmasterminds.com/7-ways-3d-printing-is-disrupting-the-medical-industry/ Wohlers Associates Report 2014 https://wohlersassociates.com/2014report.htm

The Story of the Water :: Water Vapor

Water vapor is the most important gaseous source of infrared opacity in the atmosphere, it accounts for about 60% of the natural greenhouse effect for the clear skies [1], and provides the largest positive feedback in model projections of climate change [2]. Therefore, water vapor variability is an important issue in the discussion of global climate change [3] and in particular the variability of stratospheric water vapor has important radiative and chemical consequences that impact the global surface climate change [4]. An increase of roughly 1% per year in stratospheric water vapor content has been observed during the last half of the 20th century [5, 6], with a more convincingly documented increase during the 1980s and most of the 1990s than earlier. However, an updated trend analysis [7] of water vapor in the lower mid-latitude stratosphere from Boulder balloon measurements and from HALOE (Halogen Occultation Experiment) [8] spaceborne observations provides trend estimates for the period 1980-2000 that are up to 40% lower than previously reported. Methane oxidation is a major source of water in stratosphere, and has been increasing over the industrial period, however, the observed trend in stratospheric water vapor during the last half of the 20th century is too large to be attributed to methane oxidation alone [5, 9]. The temperatures near the tropical tropopause should control the stratospheric water vapor content according to the equilibrium thermodynamics, importing more water vapor into the stratosphere when temperatures are warmer. However, tropical tropopause temperatures have cooled slightly over the period of the stratospheric water vapor increase [10, 11]. Other mechanisms have been proposed to explain the increase of the stratospheric water vapor occurred in the second half of 20th century, but so far the driving causes of this increase are unknown. The upward trend of stratospheric water vapor decreased in the last half of the 1990s with a near-zero trend between 1996 and 2000 [12, 13]. Furthermore, at the end of 2000 there was a dramatic drop of about 10% of stratospheric water vapor [13]. The trend analysis reported in [14] extends until spring 2008 and it shows that a minimum was approximately reached between 2004 and 2006 and an increase is observed afterwards. The drop in stratospheric water vapor that occurred at the end of 2000 is thought to have slowed the rate of increase in global surface temperature over 2000-2009 by about 25% compared to that which would have occurred due only to carbon dioxide and other greenhouse gases [4]. On the other hand the increase in stratospheric water vapor occurred between 1980 and 2000 would have enhanced the decadal rate of surface warming during the 1990s by about

Ann from “The Painted Door” by Sinclair Ross Essay

Because of John’s lack of communication skills, Ann feels isolated psychologically and emotionally, and as a result, she is seen by the reader as a woman in despair seeking companionship during the Great Depression. Ann is dutiful and submissive, so typical of the women of the 30’s, as it is shown when she claimed, â€Å"Plenty to eat – plenty of wood to keep me warm – what more could a woman ask for?†(p.48) even though it is clearly the opposite of what she really wants. She says to John â€Å"I know. It’s just that sometimes when you’re away I get lonely†¦Ã¢â‚¬  the hesitation in this particular sentence explains her powerful desire to have someone to talk to, yet is afraid of John’s response. But we think Ann is more than just what she appears to be. There are moments where her rebellious personality is shown, such as when she went out of the house during the blizzard to feed the animals when John had plainly stated to her, â€Å"Everything’s fed and watered, and I’ll see that there’s plenty of wood in.† This depicts Ann’s willingness to go so far as to distract herself from her loneliness. Also, the way she beseeches John to stay and the way she reacted, â€Å"She glanced up sharply, then busied herself clearing the table†¦Ã¢â‚¬  (pg49) at the mention of a visit by Steven shows that she presents some good intuition and intellect as to what may happen. One can argue that Ann is unconsciously selfish and even ungrateful, for John is constantly trying to please her by working continuous hours without aids of others. She also has a roof over her head and food in her tummy that so many lacked during that era, and yet, she gives hints that she is highly unsatisfied of her current situation and commits adultery. However, the lack of companionship, increased by the barrenness of the surroundings in which the character lives in, makes Ann desperate for anything that would get her out of her miserable existence. As we know, humans are extreme social creatures, and when Steven arrived on her doorsteps with his, quote, â€Å"still-boyish face† (pg57) and â€Å"his lips drawn in a little smile that was too insolent, but at the same time companionable†(pg57) , Ann forgets all  rules and drops her mental barrier, giving into what she desires the most: companionship. So in conclusion, we feel that Ann is a woman with an extremely good heart, but is misguided into doing wrong actions by the isolation and loneliness in which her husband had ultimately caused.

Manchester United Essay

We aim to increase our revenue and profitability by expanding our high growth businesses that leverage our global community and marketing infrastructure. The key elements of our strategy are: Expand our portfolio of global and regional sponsors: We are well positioned to continue to secure sponsorships with leading brands. Over the last few years, we have implemented a proactive approach to identifying, securing and supporting sponsors. In addition, we are focused on expanding a regional sponsorship model, segmenting new opportunities by product category and territory. As part of this strategy, we have opened an office in Asia and are in the process of opening an office in North America. These are in addition to our London and Manchester offices. Further develop our retail, merchandising, apparel & product licensing business: We will focus on growing this business on a global basis by increasing our product range and improving distribution through further development of our wholesale , retail and e-commerce channels. Manchester United branded retail locations have opened in Singapore, Macau, India and Thailand, and we plan to expand our global retail footprint over the next several years. In addition, we will also invest to expand our portfolio of product licensees to enhance the range of product offerings available to our followers. Exploit new media & mobile opportunities: The rapid shift of media consumption towards internet, mobile and social media platforms presents us with multiple growth opportunities and new revenue streams. Our digital media platforms, such as mobile sites, applications and social media, are expected to become one of the primary methods by which we engage and transact with our followers around the world. In addition to developing our own digital properties, we intend to leverage third party media platforms and other social media as a means of further engaging with our followers and creating a source of traffic for our digital media assets. Our new media & mobile offering s are in the early stages of development and present opportunities for future growth. Enhance the reach and distribution of our broadcasting rights: The value of live sports programming has grown dramatically in recent years due to changes in how television content is distributed and consumed. Specifically, television consumption has become more fragmented and audiences for traditional scheduled television programming have declined as consumer choice increased  with the emergence of multi-channel television, the development of technologies such as the digital video recorder and the emergence of digital viewing on the internet and mobile devices. The unpredictable outcomes of live sports ensures that individuals consume sports programming in real time and in full, resulting in higher audiences and increased interest from television broadcasters and advertisers. We are well positioned to benefit from the increased value and the growth in distribution associated with the Premier League, the Champions League and other competitions. Furthermore, MUTV, our global broadcasting platform, delivers Manchester United programming to 54 countries around the world. We plan to expand the distribution of MUTV by improving the quality of its content and its production capabilities. Diversify revenue and improve margins: We aim to increase the revenue and operating margins of our business as we further expand into our high growth commercial businesses, including sponsorship, retail, merchandising, licensing and new media & mobile. By increasing the emphasis on our commercial businesses, we will further diversify our revenue, enabling us to generate improved profitability. The five forces model of Michael Porter looks like the following if applied to Mu Ltd.: SUPPLIER POWER High diversity of suppliers Volume is important to supplier MU differentiates of inputs Inputs have a high impact on costs and differentiation Switching costs of firms in the industry are low There is a low Presence of substitute inputs BARRIERS TO ENTRY There is quite an easy access to inputs The is a government policy promoting quite free entry in case certain registration type of requirements are fulfilled There is economies of scale High capital requirements There are strong brand identity in the succer sector of the sports industry Switching costs are high Easy access to distribution Low expected retaliation THREAT OF SUBSTITUTES Low switching costs Buyers are not highly inclined to substitute Price-performance, to a certain level, has no influence on the preffered team Trade-off of substitutes DEGREE OF RIVALRY High exit barriers Low industry concentration High fixed costs/High value added Low industry growth Low product differences Low switching costs High brand identity High diversity of rivals BUYER POWER Bargaining leverage is neither high, neither low Buyer volume upon successful times are high Buyer information can be considered high Brand identity is strong Price sensitivity is not extremely high Product differentiation is very high Buyer concentration vs. industry is low Many substitutes are available Source: http://www.quickmba.com/strategy/porter.shtml Key Performance Indicators (KPI) The other, as mentioned before, is the KPI, or key performance indicators. As the Affiliated League Club lists, the KPI of a sports klubs must be the following( p.3,http://nemjfa.homestead.com/BUSINESSPLAN.pdf ): Sound business plan Stable administration, close communication between all levels of Club Management High quality coaches at both senior and underage levels High profile and acceptance within the community Strong Club presence in schools, both primary and secondary Sound oval management, high standard of club facilities Sound financial management, expenses kept in line with income base Development of Juniors, particularly local based players Manchester United Ltd. is a very professional company, and is in possession of these characteristics. It actually needs so, if it wants to achieve its declared goal, „to be the most successful teem in football† (http://ir.manutd.com/manutd/about/bustrat/). As to the last part of the question, identifying internal and external factors, please refer back to the Porter’s Five Forces Model above Major cost categories of the company, the drivers behind these costs, and the internal and external factors that influence costs the most There are three major cost categories, those related to the operation and development of the corporate Manchester United, the costs related to the operation and development of the sporting club, and other, related costs. The corporate costs include such costs as dept and maintance costs, and costs related to the commercial activities of the company. Examples of club related cost include the compensation of the players and staff, and purchase of new players and stuff. The other costs include, for instance infrastructural costs, such as the maintance and development cost of the stadium of MU, the „Old Trafford†. The drivers of the costs of Manchester United, and the internal and external factors that influence the cost structure and levels of these cost in all the three major categories can be observed in the second part of question 1, in the Porter’s Five Forces Model. What companies are comparable companies Other English football club corporations like Chelsea and Arsenal of London, Everton, and Liverpool. Companies operating football clubs are very dinstinct from companies of other industries, and the larger football clubs are probably very similar to each other in how they conduct their business, all having some income sources, tickets, clothing, that are the same. Method most appropriate to assess the value of the company, advantages and disadvantages of the relative and the DCF methods. If we are looking at the performance of the company, probably the profitability is the measure that should be used, because it measures the efficientcy of the financial performance of the company. DCF Method: Advantages: As DCF analysis is based on the assumptions of the CAPM, it is an analytically correct valuation method. In contrast to the Comparable Companies analysis, volatile market conditions do not have an impact on the results. DCF therefore is often used as an additional point of reference. Since the discount rate is usually derived from the WACC, the DCF takes account of the relative riskiness of the projected cash flow. Accounting rules do not influence this approach, as valuation is based on projected cash flow. growth period period of stable growth. Multiples appropriate for the comparison of the company with other comparative companies, what financial and non-financial measures should be a basis of compari Probably the best multiple to measure the success of a club is the games won to the sum of tied and lost games. This is important, because the more games a club can win, the more the corporate club can achieve in its merchadising, and the more sponsors it will be able to attract. This multiple would be considered to be a non-funancial measure. A financial measure applicable to football corporations would be profitability if the company, as it, though with limmitations, measures how efficiently the club is operating. Another financial measure would be the revenues per players in a complete season. Shortcomings: Since the terminal value often represents more than 50% of the entire DCF value it is therefore highly sensitive to the underlying assumptions, especially regarding the growth component in the terminal value and the discount rate. Using historical stock returns when estimating the beta depends heavily on the choice of the index. For volatile companies the beta is very high, resulting in a relatively high discount rate and a low net present value of cash flows. Estimating a â€Å"correct† value by applying the DCF approach therefore depends to a large extend on the expertise and industry knowledge of the person doing the valuation. Moreover, the DCF approach neither considers different management options nor future investment opportunities. It only works if cash flows are subject to little uncertainty and the company is managed by a static management team. It does not capture the â€Å"true† value if there are large initial losses, highly  volatile earnings or immense initial growth rates.† (WEITZEL, GELLINGS, BEIMBORN and KÃâ€"NIG, 2003, IS Valuation Methods- Insights from Capital Markets Theory and Practice –, p.5-6.) Relative method: Advantages: As the comparable companies method is based on public information, market moods and perceptions are reflected, since it measures the relative and not the intrinsic value. Relative valuation is based upon fewer assumptions and can be conducted faster than DCF valuation. Shortcomings: The simplicity of valuation by multiples is its deficiency [Benninga/Sarig 1997, 305]. Since no value determinants are analyzed, it is important to carefully select comparable firms. Also, outside variables like mergers and acquisitions in the respective sector can influence stock prices. Figures often fail to capture intangible assets, like quality of management. Hence, CC based valuation should provide a valuable â€Å"sanity check† to assure the validity of a DCF analysis, but it should not be the only valuation method used [Benninga/Sarig 1997, 305].† (WEITZEL, GELLINGS, BEIMBORN and KÃâ€"NIG, 2003, IS Valuation Methods- Insights from Capital Markets Theory and Practice –, p.7-8.) Limitations of applying the relative and the DCF methods to the evaluation of the company, what can be done to overcome this problem There are a number of limitations of applying the relative and the DCF methods to the evaluation of the company. For instance, purchasing new players and coaches cost a lot of money; it is not rare that that amount of money reaches one million euros. As it was seen in the above summary of the disadvantages of the DCF method. A possible solution to this problem, though not very humane, the cost of these players and coaches could be depreciated over the time frame of the contract involved, just as it is done in the case of new infrastructural expenditures. In the case of the Relative method, the problem is that the progression of the team in the national, that is in the Premier League, and in the international cups and championships, were much different both in the near past and will probably be in the future also. This increases the risk of the cyclicality of the business. This cyclicality can be much different in the case of the different corporate clubs, which makes the incomes and thus other results of the companies very difficult to  compare. Links for more information Porter five forces analysis – Wikipedia, the free encyclopedia Porter’s five forces is a framework for the industry analysis and business strategy development developed by Michael E. Porter of Harvard Business School in 1979. It draws upon Industrial Organization (IO) economics to derive five forces that determi Performance indicator – Wikipedia, the free encyclopedia A performance indicator or key performance indicator (KPI) is a measure of performance. Such measures are commonly used to help an organization define and evaluate how successful it is, typically in terms of making progress towards its long-term Manchester United Official Web Site The official site with news, transfer rumours, online ticket sales, live match commentary, video highlights, player profiles, mobile content, wallpapers and more. Manchester united  Manchester United (ManU) is one of the leading football clubs in the world. ManU has won many titles in the football competition making the club to be the most successful football club in the world. The success of this club is contributed by the good management of Sir Alex Ferguson who has been the manager since 1986 when Ron Atkinson left (Official website, ManU). Introduction The football industry in UK has become popular because of the first successes in the industry, an attribute that made it a viable business. The main aim of this report is to analyze the SWOT and PEST analysis of Manchester United. From this analysis, it will be possible to identify both the internal and external strengths of the company. SWOT analysis SWOT analysis can be used to know the success factors of ManU as well as to identify the strategies to be overcome the club’s weaknesses. Moreover, SWOT analyses will enable the company to identify the opportunities to improve performance. SWOT analysis of Manchester United is presented below: Strengths The key strength of Manchester United is its well recognized brand all over  the world. ManU has achieved such good brand name by heavy advertisement through the internet, TV and magazines (Andrews, 2004). This massive advertisement has made the club to get various sponsors. This means that whenever the company raises any merchandise in the market, indicating their name and symbol, it will be identified by its funs all over the world. Strength of the club is the presence of a big fan base which has improved the financial stability of the club. This big fan base has made a very high purchase figure whenever the tickets are being sold. Furthermore, Manchester United has various distribution channels which enable it to deliver new products introduced into the market. Furthermore, these channels can be used by the Manchester United to obtained feedback from the market concerning their products and performances. Weaknesses From the website of the company, it shows that the major weakness is the products and product variety. It is evident that the company has been introducing many diverse products at different occasions. All these diverse products have been introduced from the jersey to credit cards indicating that the company has exploited the available sources of income within the company. This action needs to be researched as soon as possible so as to help the company to situate and analyze it products, adopt the use of effective instruments such as the Boston Matrix which will help the company to identify that the products are doing well in the market. Lastly, the club has been so affluent, and it is still operating on such a high level, there is a worrying within the management of the company that it will loose its origin, which has a diverse concentration of the club from football to the proceeds. Such moves might have a great effect to its fans because the fans come from all over the world. Oppor tunities Penetration of the Manchester United to the American market has been one of the major opportunities to the company. The company will in future structure its club by entering into coalition with the New York Yankees. The New York Yankees is one of the well-off teams in the world. This will assist the company by ensuring that exclusive distribution channels are established in the United States of America. Through this the company will be in a position to enter and present their products in a new market. Furthermore, the  Manchester United will be in a position to lead all the football clubs in the America, though there will be superior height of risks concerned. The managers believe that by entering a coalition with the Yankees, this threat will be reduced (CNN, 2010). Threats Manchester United operates under a great threat in this field because other big teams like Manchester City and Arsenal which are currently improving in their performances. These and other teams have become very big competitors to the club. Furthermore, the Manchester United FC has been facing internal threats to the team. There is a frequent change of leadership in the company making the club to be disunited. Nonetheless, this will affect the sale of merchandise. Lastly, the club is lacking enough finances for financing academies and junior football, so that they can train the best footballers to ensure smooth succession in the future. PEST Analysis of the Manchester United The club’s decision has been affected by macro-environmental factors such as the changes in taxes, new laws, demographic changes and the changes in government policy. The managers of Manchester United can classify these as the political, economical, social and technological factors. Political factors This comprises of the laws which govern the issues affecting the activities of the club. Currently the team is undergoing a problem of paying out its debts which amount to $1.5 billion, a figure which was misappropriated by the greedy owners. The fans of Manchester United from England are preparing to join their efforts to force legislators to consider pro-football legislation in parliament which will aim at fighting the total arrears which has not being paid because of corrupt owners who misuse the funds of the club. Such an action has exploited the loyalties of fans of Manchester United. Economical factors The club has boosted the economy through employment opportunities which have been created to the players and the officials. The positive effect of Manchester United FC is felt globally because they employ the best players globally. Secondly, this soccer club has been a catalyst in the regional development because of the positive financial flows which are generated by the supporters of the team across the world. Lastly, the club has a positive influence on the economy because its officials are thrown from all over the world. These officials spend an average of 15on basic needs such as food, drinks etc. in a single match. If the supporters are from foreign countries they bring in foreign currencies which will eventually boosts the Balance of Payments in the country Technology Technology has contributed positively to the foot ball games since the players are capable of playing at night due to the availability of electricity. Furthermore, technology has facilitated various people from different parts of the world to watch football irregardless of there locations. Technology has facilitated fans of the club to obtain information from the internet concerning the performances of the company. This has benefited those Manchester United fans to get updates incase they had missed to watch the game. Social Manchester United just like any other football team has united many people especially the funs of football. People have interacted all over the world because of football. People from different age groups normally watch football because it is either their favorite game or because they want to watch just for leisure. Football has become part of the society in the current world, everybody in the world talks of football, either English Premier League or the world cup championships. This is very important since it has affected the society in a positive way i.e. it can create employment in the region. For example, the world cup will be in South Africa this year. The South African government will collect a lot of revue in terms of taxation, sales of tickets and any other taxable stuff. This will have close relationship with the social cultural factors though indirectly (Masterman, 2009). Manchester United has contributed a lot in the context of the social cultural factors as it employs play ers from different parts of the world. They normal select stars from different leagues and employ them. From a research done by Masterman, Manchester is the leading club in the payment package they offer to its employees. Business strategy The team has carried research concerning their product development in the market. This is very important as it will help the team to improve their performance in their product in the present market before strategizing on how to enter the new market. Conclusion Manchester United is the leading team in the football industry and to maintain this position, they have to focus on the market and the needs of its clients and followers. The company has further improved on their product through carrying research; these improvements have brought success in the club and improve the support of the team. The board of directors has also done their best by employing the best players to represent the club. This will make the team to perform well in the field whenever they have a game. Furthermore, these directors ensure that the discipline is well maintained in the company because the fans and its competitors are closely watching what is going on in the company. Bibliography Andrews, D. L. (2004) Manchester United: a thematic study. Routledge: UK. Barthold, D. 2009. The Business of European Football. GRIN Verlag, (3). Pp 36-38 Masterman, G. 2009. Strategic Sports Event Management: Olympic Edition Hospitality, Leisureand Tourism Series. Butterworth-Heinemann, (2). Pp 65-67 Manchester United. 2008. The Official Manchester United Annual 2009 Official Manchester The Manchester United Football Club is one of the most popular football clubs in the world. This English football club has its base at Old Trafford Stadium, which is located in Trafford, Greater Manchester. Manchester United is the founder member of 1992 Premier League. Being the second most successful team in the entire history of English football, Manchester United Football Club has over 330 million fans globally. The club has been participating in the top division English football since 1938. The Manchester United Football Club is also popular by its nickname, â€Å"The Red Devils†. In November 1986 when Alex Ferguson became the manager of the Club, Manchester United reached to the peak of success and won 20 major titles. The Manchester United Football Club has won the Premier League and First Division 17 times and is trailing behind Liverpool by just one title. Manchester United became the first English Football Club to win the European Cup in 1968. The Club has the record of winning maximum number of FA Cup titles. From late 90’s until date, Manchester United remains one of the richest football clubs with a total value of  £897 million. In 1998-99, Manchester United became the first ever and the only club to win the Treble. In the year 2000, the club became a founding member for the G-14 group. This is a group of the Big European football clubs. In the year 2005, American businessperson Malcolm Glazer took a controlling interest in Manchester United. With the Red Football Ltd as the investment vehicle, Malcolm took 75% control of the club and the club was de-listed from the Stock Exchange. Initially the jersey of Manchester United was yellow and green in color but in 1902, the club changed it to red jerseys with white shorts and black socks. Manchester United has sponsorship deals with various companies. AIG, Nike, Audi, Budweiser, Betfred, Xfm Manchester are some of the sponsors for the club. The Manchester United football club has its own football ground at Sir Matt Busby Way, Old Trafford, Greater Manchester, England. The stadium opened on 19 February 1910 and the total capacity of the stadium is 76,212. It is a difficult job to determine the greatest rival of Manchester United Football Club. According to some people, Liverpool is the biggest rival of Manchester. Leeds, Manchester City and Arsenal are also the other known rivals of the Club. So far, the Club has bagged 3 European Cup/ UEFA Champions League, 1 UEFA Cup Winner’s Cup and 1 European Super Cup. Manchester United Football Club has also won 1 Intercontinental Cup/ World Cup Championship. Facts:  · 5% of the world population is the supporters of Manchester United Football Club.  · The Club has won 10 Premier leagues, 7 First division leagues and 2 Second division leagues.  · Manchester United won 11 FA Cups, 2 League cups and 16 FA Charity/Community Shield. In the next few articles, let us understand about the sports team’s brand-building strategies. The most common strategy followed by most of the teams is: Sponsorship with other global brands  Being associated with other international brand names lends global presence to brands as they go worldwide. If we talk about the most richest soccer club, Manchester United, they have 44 official sponsors associated with the club. One of the biggest tie up then in the year 2002 was Manchester United’s tie up with Nike. Both Manchester United and Nike gained in global stature after the announcement of their global tie-in 2002. Now such is the case that Nike has to discuss a  £303 million kit supply deal with Manchester United and they might well have to anyhow shell out this huge sum of cash if they want to maintain their association with Manchester United. One month from now, this strategically important meeting will be talking place and the American sport wear company will have to come up with an enormous sum to satisfy the club’s owners. The ‘Swoosh’ logo has adorned some of the greatest teams and players in the history of the game, including Manchester United legends Eric Cantona, Ruud van Nistelrooy and Cristiano Ronaldo. Of the current squad, Wayne Rooney, Javier Hernandez, the Da Silva twins, Chris Smalling, Patrice Evra, Paul Scholes and Rio Ferdinand all wear Nike boots along with the standard kits. In recent years, Manchester United has formed commercial alliances with a number of global players in other industries: Vodafone, Pepsi, DHL and Aon were all added to the clubâ₠¬â„¢s sponsorship list. Under these arrangements, the club gains from sponsors’ international reputations and sponsors gain from their association with a such big sports brand. And Manchester United is talking full advantage of this to reach out to new segment of soccer fans and in turn helping in strengthening its brand equity. In July, United announced a staggering  £357 million deal with General Motors for the Chevrolet logo to be worn on their shirts for seven seasons from 2014. Chevrolet’s eight-year partnership with Manchester United kicked off this summer with a series of friendly matches, bringing the world’s favourite football team to their fans in South Africa, Europe and China. The support for, and commitment to Manchester United and its passionate fans worldwide will go far beyond the pre-season games as General Motors look to join the fans in celebrating all that is beautiful about the game. One of the biggest logistics company which is present in 220 countries and territ ories worldwide has tied up United in 2011. DHL were made responsible to undertake a range of logistics services on behalf of Manchester United for three years. Just like DHL, Manchester United stands  for passion, teamwork and can-do spirit. And it’s those same characteristics that have enabled both DHL and Manchester United to remain at the top of their game and thus join together and build its brand. The last two deals done recently by Manchester United were with the two sponsors from China (Wahaha, a soft drinks manufacturer and China Construction Bank (CCB). Both have tied up for a three year deal. CCB will hold the exclusive rights to produce the official Manchester United branded credit card in Mainland China. Wahaha has been the largest beverage producer in China for the past 11 years and will be the club’s first official soft drinks partner in the country. This is just one of the many strategic decision taken by this 135-year-old soccer club from Britain. In the coming article, I would write about Manc hester United’s Asian Strategy, mainly highlighting its entry into the Indian market.

Free Essays on Native American Sovereignty

1. Native Sovereignty Growing up, I always heard that sovereignty meant â€Å"a nation within a nation.† Tribes definitely seemed like their own nation, with their own police force, court, and fire departments, so I never doubted that Tribes were completely sovereign. However, in learning more about the topic, it became clear that Tribes still depend some, if not a lot, on the U.S. government. Yet this dependence does not mean that Tribes have not made progress; they are far more self-sufficient now than they were even twenty years ago. This progress is promising but the process of becoming more sovereign is a slow one. In spite of the progress being made, it seems improbable that Tribes will ever be able to completely rid themselves of the government. This is in large part due to the BIA. Every reservation has a BIA, no matter how little or how much they think they actually use it. For example, on the Umatilla Reservation people believe that they don’t use the BIA very much. However, what they apparently don’t know is that a lot of the Tribal wages are paid by the BIA. And the BIA is federally funded, meaning that unless Tribes are able to separate themselves from the BIA, which they won’t be able to do until they are financially stable enough to completely support themselves, they will always be at least a little dependent on the government. Also, there are some things that the government tells Tribes they are not allowed to do. For example, if there is a murder on a reservation, the Federal Bureau of Investigations is assigned to handle it. In fact, even though a lot of reservations have their own court system, which pushes them toward independence, they are not allowed to handle major felonies. This sends a lot of mixed signals. The government says they want Tribes to be sovereign, but then they also tell them that there are some things that they are not allowed to do. A comparison would be a parent who... Free Essays on Native American Sovereignty Free Essays on Native American Sovereignty 1. Native Sovereignty Growing up, I always heard that sovereignty meant â€Å"a nation within a nation.† Tribes definitely seemed like their own nation, with their own police force, court, and fire departments, so I never doubted that Tribes were completely sovereign. However, in learning more about the topic, it became clear that Tribes still depend some, if not a lot, on the U.S. government. Yet this dependence does not mean that Tribes have not made progress; they are far more self-sufficient now than they were even twenty years ago. This progress is promising but the process of becoming more sovereign is a slow one. In spite of the progress being made, it seems improbable that Tribes will ever be able to completely rid themselves of the government. This is in large part due to the BIA. Every reservation has a BIA, no matter how little or how much they think they actually use it. For example, on the Umatilla Reservation people believe that they don’t use the BIA very much. However, what they apparently don’t know is that a lot of the Tribal wages are paid by the BIA. And the BIA is federally funded, meaning that unless Tribes are able to separate themselves from the BIA, which they won’t be able to do until they are financially stable enough to completely support themselves, they will always be at least a little dependent on the government. Also, there are some things that the government tells Tribes they are not allowed to do. For example, if there is a murder on a reservation, the Federal Bureau of Investigations is assigned to handle it. In fact, even though a lot of reservations have their own court system, which pushes them toward independence, they are not allowed to handle major felonies. This sends a lot of mixed signals. The government says they want Tribes to be sovereign, but then they also tell them that there are some things that they are not allowed to do. A comparison would be a parent who...

Burberry Case Study Essay Example | Topics and Well Written Essays - 1750 words

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