Monday, May 25, 2020
The innocence of a child is a cherished value held in the heart of all children. All children deserve the purest of education and care, completely free of coercion and threat. Through the twisted criminal act of human trafficking, innocent children are placed into a modern day act of slavery. Though the thought of enslaving children is shocking, the issue of human sex trafficking is still well alive and rising in the United States. In efforts to raise awareness and inform the public of this heinous act, it is important to identify the issue of human sex trafficking, capture the johns while raising awareness, and to provide rehabilitation for the victims. Human sex trafficking is demoralizing and harmful to the children that the act affects; the young female children are sold and exploited which eventually causes them to have mental issues. Toddler to adolescent females are frequently captured and kidnapped by mongrels to be sold for sex; this dehumanizing act is known as human traffi cking, a growing criminal activity in the United States. Children are forced into selling their bodies on an everyday basis involuntarily by the johns and pimps who have coerced them into this 21st century slave trade. According to Lippman, an author from the New York Times, those who are unfortunate enough to be forced into the commercial sex trade are often physically and verbally abused by the johns (Lippman 2013). Through the process of being traded and sold, the young girls lose theirShow MoreRelatedThe Issue Of Human And Sex Trafficking1272 Words Ã |Ã 6 Pagescome next is trapped in your head. What? How? Who? Is all you ask yourself. You become a lost soul who s left without any hope for a better tomorrow. No one ever believes it can happen to them , and itÃ¢â¬â¢s the last thing on anyoneÃ¢â¬â¢s mind. Ã¢â¬Å"Human And Sex Trafficking is one of the fastest growing crimes in the worldÃ¢â¬ ( stop the traffik. N.p., n.d. Web. 01 May 2016). It s such huge crime , yet the authorities canÃ¢â¬â¢t get it under control. These horrific events take place all over the world and there sRead MoreSex Trafficking Is A Huge Global Health And Human Rights Issue Affecting Roughly 152 Countries Around The World1437 Words Ã |Ã 6 PagesBy the time you finish reading this paper nearly 23 children around the world will be victims of sex trafficking. Sex trafficking is a huge global health and human rights issue affecting roughly 152 countries around the world (Greenbaum Crawford-Jakubiak, 2015). The United Nations describes sex trafficking as Ã¢â¬Å"the recruitment, transportation, transfer, harboring, or receipt of persons, by means of the threat or use of force or other forms of coercion, of abduction, of fraud, of deception, of theRead MoreProstitution Prevention And Prevention Act1560 Words Ã |Ã 7 Pageshe perpetuation of human sex trafficking and the rising numbers of trafficked victims is also linked to ThailandÃ¢â¬â¢s weak government. The combination of widespread corruption among government officials and the lack of enforcement of laws concerning the Thai sex industry has lead to the prominence of human sex trafficking. The 1996 Prostitution Prevention and Prevention Act was implemented to punish pimps, procurers, brothel owners and customers, however; this law and many others designed to protectRead MoreThe Problem Of Child Sex Trafficking1199 Words Ã |Ã 5 PagesChild Sex Trafficking Have you ever walked into Wal-Mart and taken the time to look at the numerous pictures of missing youth that is plastered on the wall? When looking at how long they have been missing, it ranges anywhere from months to years. Looking at their age, both boys and girls, it is hard not to wonder if these kids are being trafficked. Child sex trafficking, also known as human trafficking, is a major issue that is not only plaguing the United States, but the world. ResidingRead MoreHuman Trafficking Is A Crime Under Federal And International Law Essay1287 Words Ã |Ã 6 PagesInvoluntary servitude is an issue that has been fought around the world for centuries, whether it be slavery in 1800s America or child labor in third world countries, the fight never ends. Our countries and their leaders are constantly increasing the awareness and the strength to fight our biggest human rights issues. Human trafficking is a crime under federal and international law and it is a crime in every si ngle state in the United States. According to The White House, around the globe, an estimatedRead MoreSex Trafficking : A Common Issue For A Long Time1394 Words Ã |Ã 6 Pages Sex trafficking can happen everywhere. People do not even realize when it is happening. Someone could be living their life, just as they normally do, and decided to go to the mall. Sometimes they may not even know that a little kid is going to be kidnapped, and later raped. This is what sex trafficking is. Sex trafficking is commonly defined as when violence, drugs, lies, or any other form of coercion is used to force another person to have sex against their will. (Sex Trafficking in the U.S, 1)Read MoreThe Globalization Of Human Trafficking990 Words Ã |Ã 4 Pageswill define the globalization of human trafficking through the context of the United States as a first world nation and extension of this problematic issue in European nations, such as Russia and in the Baltic region. The first world status of th e United States provides a context in which human trafficking has become a major problem when defining domestic markets for criminal organizations. However, the U.S. provides an example of the impact of human trafficking that occurs on a much wider scaleRead MoreChild Sex Trafficking And Human Trafficking1096 Words Ã |Ã 5 PagesChild Sex Trafficking Have you ever walked into Wal-Mart and taken the time to look at the numerous pictures of missing youth that is plastered on the wall? When looking at how long they have been missing, it ranges anywhere from months to years. Looking at their age, both boys and girls, itÃ¢â¬â¢s hard not to wonder if they have been kidnapped and are being trafficked. Child sex trafficking also known as human trafficking is a major issue that is not only plaguing the United States, but alsoRead MoreSex Trafficking And The United States1672 Words Ã |Ã 7 Pagesterm human sex trafficking, they think of heinous acts that take place in other countries where adults, children, girls and boys are exploited to perform sexual acts in exchange for money or goods against their will. They think it typically occurs in places that are less developed than the United States. However, the reality of this horrific crime is that it is taking place in the United States, and it occurs more and more each and ev ery day. Young girls are not solely the victim of human sex traffickingRead MoreThe Slavery Of The United States1603 Words Ã |Ã 7 PagesIntroduction The history of enslaving humans for the benefit of labor, sex, and financial gain runs deep and parallel to the existence of civilization. While a small portion of the history of slavery reflects a more humane and less brutal treatment of those in servitude, such as the Babylonian slaves of 18th century BC who were permitted to own land; contrastingly, most slavery practices historically have been established in a foundation of violence and control, such as the slaves of ancient Greece
Friday, May 15, 2020
The Declaration of the Rights of Man and the Citizens, 1789 Works Cited Missing The Declaration of the Rights of Man and Citizens was formed by the National Assembly on 27th August 1789. It was intended by the National Assembly to be the preliminary statement of principles which the constitution should be modelled. Thus allowing the nation of France to be liberated and achieve a secure structure to their society. Marquis de Lafayette, the commander of the National Guard and Thomas Paine, an English political thinker, were major contributors in the drawing up of the declaration. Lafayette made severalÃ¢â¬ ¦show more contentÃ¢â¬ ¦This was an assertion against the Ancien Regime, where birth rights distinguished citizens; peasants had no opportunity to improve their social strata due to the high poverty and oppression. Possibly the most liberating clause out of the declaration, was the concept of popular sovereignty. It was considered that absolute power should no longer reside in the hands of the Monarch. Instead, sovereignty would rest with the nation, giving th e citizens the opportunity to exercise their power. There are some clauses that centre wholly on the enlightenment movement. To liberate a nation required certain minimal restrictions. In 1762 Rousseau had published the Social Contract. Within it Rousseau outlined that, human beings agree to an implicit Social Contract which gave them certain rights, in return for giving up certain freedoms (J.Hunt (1998) Pg7). This inferred that people have the right to life, in return for giving up the freedom to kill others. Release also arrived for religion. People were free to follow their chosen beliefs, signalling the end of exclusive Catholicism. Deism was being introduced. In particular, Voltaire believed that although the universe was created by God; it was then left to operate accordingly to scientific law (Merriman (1996) Pg407). This then paved the way for a variety of otherShow MoreRelatedThe Declaration Of The Rights Of Man And The Citizen On The 26 August 17891617 Words Ã |Ã 7 Pagesin order to contain the flames out of this came the creation of the Declaration of the Rights of Man and of the Citizen on the 26 August 1789 by the National Assembly, composed of those from the Third Estate. This declaration was heavily influenced by the American Revolution and Thomas Jefferson, who one of the founding fathers and a principal author of the Declaration of Independence in 1776. It was all about manÃ¢â¬â¢s Ã¢â¬Ënatural rightÃ¢â¬â¢ at any time and pertaining to any individual, no matter where theyRead MoreThe Power Of The Crown And The Authority Of The Government1162 Words Ã |Ã 5 Pagesauthority of the government is limited by the Declaration of Man and the Citizen. One situation where the government is limited is where Ã¢â¬Å"Men are born free and remain equal in rights.Ã¢â¬ (1789, Art, 1, DRMC.) The government must give all men equal rights. The rights of man include Ã¢â¬Å"liberty, property, security, and resistance to oppression.Ã¢â¬ (1789, Art, 2, DRMC.) Both the power of the crown and the authority of the government are limited by (1789, Art, 3, DRMC.) Ã¢â¬Å"no individual can exercise authorityRead MoreThe French Revolution And The Tennis Court Oath1680 Words Ã |Ã 7 Pages In 1789, the Ancien Regime came to an end through the beginning of the French Revolution and the Tennis Court Oath. The patchwork quilt of the old French system had finally been ripped away. While the practical changes of the French government and society did not happen immediately, the mindset and the philosophy of the people changed quickly. They began demanding faster action than the government was willing to give. Looking at who is to be a citizen, religious minorities, and women, the idealsRead MoreThe Declaration Of The Rights Of Man And Citizen1529 Words Ã |Ã 7 PagesFranceÃ¢â¬â¢s, The Declaration of the Rights of Man and Citizen, played an integral role in the development of democracy and the pursuit of liberty throughout Europe. This document was written and introduced by General Lafayette as a result of the French Revolution. The French Constituent Assembly passed it in August of 1789. Influenced by Thomas Jefferson, the American Declaration of Independence, the American Revolution, and the ideas of the Enlightenment philosophers, the document reiterates the valuesRead MoreThe Success Of The American Revolution881 Words Ã |Ã 4 PagesThe years 1776 and 1789 were two pivotal years for oppressed citizens. In America, the citizens were fed up with the totalitarian monarchy of England who continuously taxed them. The American colonies wanted their freedom from England because they no longer had a say in EnglandÃ¢â¬â¢s government, but were still forced to follow its laws. Thomas Jefferson, the head of the committee to later drafted AmericaÃ¢â¬â¢s demand for freedom, went so far as to call England an Ã¢â¬Å"absolute tyranny.Ã¢â¬ Americans knew theirRead MoreIn 1789, The Old Regime Came To An End With The Beginning1283 Words Ã |Ã 6 Pages In 1789, the old regime came to an end with the beginning of the French Revolution. The patchwork quilt of the old French system had been swept away. While the changes of the French government and society were not sudden, the mentality and the philosophy of the people changed suddenly to allow for the practical changes to come around. Looking at who is to be a citizen, religious minorities, and women, the ideal for a new system came suddenly from the enlightenment, which allowed practical changesRead MoreWomen s Rights During The French Revolution1041 Words Ã |Ã 5 Pagesthese rights. Although the estates system was abolished, the class system remained, and there continued to be huge wealth disparity in France. As the October Days in the same year highlighted, urban workers continued to struggle to afford bread. The Declaration only guaranteed equality of rights. Although this is significant, the Declaration was by no means so revolutionary that it eliminated inequality and oppression in Fran ce. This is arguably best exemplified by examining womenÃ¢â¬â¢s rights. The DeclarationRead MoreFrench and Haitian Revolution Comparisons1531 Words Ã |Ã 7 Pagesextremely upset with the government that was ruling over them. However, these angry citizens only revolt a fraction of the time, due to fear of the government. Two examples of when people stood up for their rights and revolted are the French Revolution and the Haitian Revolution. These revolts are loosely connected, as many say that the Haitian Revolution was inspired by the French Revolution. The French Revolution started in 1789 and continued all the way until 1814. The people in France had discontent withRead MoreThe Enlightenment Principles Of Rationalism And Universal Rights1684 Words Ã |Ã 7 Pagesof rationalism and universal rights shaped modern Europe and North America through the rejection of absolutist government and the movement towards an equal society. The effect of these Enlightenment ideas is evident th roughout the Ã¢â¬ËDeclaration of IndependenceÃ¢â¬â¢, written by Thomas Jefferson and the Congressional Congress in 1776. These same ideas spread to France, culminating in the National AssemblyÃ¢â¬â¢s Ã¢â¬ËThe Declaration of the Rights of Man and of the CitizenÃ¢â¬â¢ in 1789. This essay will begin by introducingRead MoreLiberalism in French Revolution Through Enlightenment1593 Words Ã |Ã 7 Pagespoor in the towns increased every year. These famines resulted in bread riots. On the other hand the aristocrats were squandering immense fortunes Ã¢â¬â hundreds of thousands and millions of francs a year Ã¢â¬â in unbridled and absurd luxury. Personally the man was free, but all this network of dues and exactions, still clung round the peasant. The French society was ripe for a revolution that would change the course of history. The intelligentsia of the French society was at the same time becoming enamored
Wednesday, May 6, 2020
I have been taught to work for what I get. My life has been a big road of that so far, having its ups and downs. My whole life I have had to deal with immigration, racism, or my parents not being able to help me when it comes to school purposes. But this has helped me in many ways. It has pushed me, and made me trust in myself. But of all honesty, it has not been so bad, because my parents had took it all for me. And other than that, I have had no problems. If I do, I will ask for help. I feel like I am living a great life. My American experience has been run by motivation, trust, and hard work. First off, My American Experience has been dependent a lot on trust. You canÃ¢â¬â¢t do anything to your full extent if you donÃ¢â¬â¢t think you can do it.Ã¢â¬ ¦show more contentÃ¢â¬ ¦So IÃ¢â¬â¢ve learned that if I work hard enough I could do anything. Finally, I have a lot of motivation to get myself through my American experience. If you have not noticed. I have shown or you could point out that I am very determined. And of course, you donÃ¢â¬â¢t have to be so determined, but in my case. I am even though I am lazy. I want to be able to see myself living really well in the future. Or you could say that I want to have a good amount of money. But I am not selfish person, just as most of America, like Claude FisherÃ¢â¬â¢s research said in Ã¢â¬Å"Sweet Land ofÃ¢â¬ ¦ ConformityÃ¢â¬ is that Ã¢â¬Å"Americans also believe that once individuals are members of the group, they must be loyalÃ¢â¬ . I that is true for the most part because what I translate that to say. Is that yo u must love that group (family) that you were born into, or to love that family that you have put together. So it motivates me to work hard for those people, so that one day I can repay them. In conclusion, I have worked for what I have. That I am motivated, work hard, and trust that of what you could say that I love, in a way. And if you are in a bad spot, donÃ¢â¬â¢t be too upset and let it all go, because I believe that if you are in a bad spot. Just know that it canÃ¢â¬â¢t last forever, so keep it positive. If you are passionate about something, let yourself take that road instead of what people are saying. And if youÃ¢â¬â¢re not so good at it, just keep practicing. Why would you wantShow MoreRelatedPersonal Narrative : My American Experience1750 Words Ã |Ã 7 PagesGerson Vasconcelos Dr. Daniel Glenn American Experience April 9, 2015 My American Experience Studying in a foreign country is an interesting experience of an individual lifetime. One tends to learn a number of things relating to ways of life in a foreign land. Social, political and economic values and aspects are usually different from one region to another. Therefore, through studying abroad one is able to learn different issues about another society such as gender and sexuality issues, socialRead MorePersonal Narrative : My American Experience1101 Words Ã |Ã 5 Pages My American Experience Growing up in Ghana, I had heard a lot of things about the U.S. This was a country I had always wanted to visit; my prayer was answered when I got the opportunity to travel there. Arriving in a new environment came with many experiences. Adjusting with food, language and the weather was not easy. With the passage of time, however I have been able to0 adjust and fit it. This write-up therefore is to elaborate on my experiences since coming to U.S. I had many interesting experiencesRead MoreReflective Essay On African Americans1392 Words Ã |Ã 6 PagesMULTICULTURAL AWARENESS When I see African Americans, the first thing that comes to mind is dangerous and disrespectful people that impacted many events in a negative way throughout the years, that involved that particular group of people. As a helper in my field in nutrition, I would feel uncomfortable working with African Americans. With this being said, when I am surrounded by the group of people, I question myself, if I am safe or if anything negative was going to happen? Overall, I just getRead MoreImportance Of Cultural Awareness799 Words Ã |Ã 4 Pagesto build much more successful professional and personal relationships in such a diverse environment and society. This is important because it allows people to reach their at-most potential in life. I think that historically culture has a stereotype for everyone, no matter what race, gender or beliefs that people have. In my own culture people tend to look down on people and judge people based on simple things such as those above. Personal experiences have helped me to see through a lot of the nonsenseRead MoreI Am Applying Intersectionality And The Sociological Imagination1080 Words Ã |Ã 5 PagesI am applying intersectionality and the sociological imagination to my intersecting identities: class, gender, and ethnicity. By employing intersectionality and the sociological imagination, I am analyzing how my positionality affected my personal experiences while connecting those events with society. I also included five peer-reviewed articles as supporting evidence. KimberlÃ © Williams Crenshaw is an African American scholar, civil rights advocate, and law professor who developed the term intersectionalityRead MoreHow Does Power Affect The Development Of My Personal Development?934 Words Ã |Ã 4 PagesThe processes associated with power, and privilege have shaped my relationship and greatly impacted the development of my personal identity; these influences have shaped me to be strong, independent, resilient woman I am today playing a huge role in my personal development. Power is defined as the ability to control. Privilege, is invisible in the sense by looking at someone one canÃ¢â¬â¢t tell if they are privileged or not, you as the individuals are privileged, based on the advantage that you have.Read MorePersonal Statement For Tisch School Of The Arts708 Words Ã |Ã 3 PagesLivingstonÃ¢â¬â¢s Personal Statement for Tisch School of the Arts I am a Pakistan-born United States resident. I lived in Pakistan until 2009 and worked as an elementary, middle and high school music and fine arts teacher as well as an actor, dancer and singer. I had no opportunity to be formally trained in acting and singing. I learned to sing, dance and act from private tutors. However, I ve always desired to be trained at a world class acting school. I grew up in an artistic family. My parents wereRead MoreThe Civil Rights Act Of 1964848 Words Ã |Ã 4 Pagesto reflect on particular personal circumstances based around actual events. First will be a clearly defined section of the Title VII, Civil Rights Act of 1964, followed by a brief description of personal experiences involving discrimination, and concluding with a reflection as to how the American workforce is protected by law. The writing will cover any ethically related issues, personal thoughts and ideas, and illustrations of how the law pertains directly to personal events, as well as provideRead More Learning a New Language Essay954 Words Ã |Ã 4 Pagesmatter that touches many American cultures. Cultures thrive on their languages and customs to define the people they are. However, second languages can divide not only people of a specific group but also members of a particular family. Several writers address the unvarying difficulty of learning a second language in America. Many rhetorical devices are used to sustain their assertions and to shape the reader. An Asian-American author speaks about multilingualism in American today. Tan (2002) usesRead MoreLiving As Woman And A Muslim Essay1235 Words Ã |Ã 5 Pagesconstructed by the American Sociologist C. Wright Mills in 1959 to describe the ability to understand how our lives are affected by the historical and sociological changes around us. In order to possess the knowledge of sociological imagination, we should be able to pull away from the current situation and be able to look and think from a different perspective. C. Wright Mills defined his concept of sociological imagination as Ã¢â¬Å"...the vivid awareness of the relationship between experience and the wider
Tuesday, May 5, 2020
Question: Discuss About The Consumer Returns The Medical Instrument? Answer: Introducation Accounts receivable refers to the entire amount that the company is expected to receive pertaining to the delivery of specific products as well as services. Beasley (2015) opines that the accounts receivable is enumerated by analysing the credit sales with the mean receivable time. Thus, the account related to the account receivable is the account of credit sales (Beasley, 2015). Evaluation: based on the case study it can be mentioned that all the actions related to receivables are undertaken by the trade receivable official. For example, the consumer returns the medical instrument, after documenting the reason behind the return as well as completion of documents, specific credit notes drawn in favour of customer is necessarily raised by the trade receivable clerk. Furthermore, the journal posting along with receipts from different debtors are sent to the one who prepares the deposit slip of the bank. Thus, in this case risk can be regarded to be high. Risk of audit: All the actions associated to the receivables are essentially undertaken by the trade receivable official. Essentially, there subsists a risk that the receivable might possibly be misappropriated by this official else wise lesser amount of receivable might be recorded (DeFond Zhang, 2014). Audit steps that can diminish the risk- In a bid to reduce the risk related to accounts receivable of GPSA, different actions connected to the receivables need to be separated out among different members of the staff. Investment Account- In essence, it is particularly the investment that can be converted to cash within the period of 3 months to nearly 12 months. As such, it is registered under the current assets and are considered as cash or else equivalents of cash. () asserts that accounts linked to this is referred to as the investment account. Evaluation- As such, investments are basically susceptible to diverse system of accounting and the treatment might also be different. Therefore, the risk related to the current investment can be ascertained to be medium level (Jia, 2016). Risk of audit- Fundamentally, the inherent assessment risk that might possibly be related to the current investment include investment done without taking into consideration different risk as well as return factors. -Audit steps for diminishing risk- The return earned from the investment need to be examined regularly. Additionally, the precedent growth trends observed in investment need to be analysed before undertaking investment by firm (Jia, 2016). Property assets/resources Accounts: The accounts associated to property resources are essentially the account of fixed assets as well as the depreciation amount (Jia, 2016). Evaluation- In case if the property resources are not registered appropriately or else if the depreciation is not mentioned appropriately, the this can exert huge influence on the financial assertions. Thus, the risk associated with property resources can be regarded to be high. Risk of audit- The assessor might possibly not differentiate the resources that were utilized for over 180 days and for less than specifically 180 days during the particular year if the resources were not recorded appropriately (Jia, 2016). Audit steps for lessening the risk- the ledger for asset have the need to be assessed appropriately for checking both the purchase as well as sales of property assets. Additionally, adding up, deleting along with impairing also needs to be examined correctly. Intangible Assets Accounts: In particular, the accounts that are related to the intangible assets are necessarily the goodwill, patent or else the copyright. Evaluation: Intangible asset need to be analysed appropriately in order to examine their value and mode of recognition. Again, it also needs to be checked whether the resource has economic life of indefinite else wise definite period. Thus, the risk related to the account can be considered to be high (Jia, 2016). Risk of audit- the intangible assets essentially has no physical existence and the process of ascertainment of fair value of intangible asset can be considered to be difficult. Additionally, there is said to be variance between the cost of acquirement and the fair value of firms intangible assets (DeFond Zhang, 2014). Steps for diminishing risk: Fair value of diverse intangible assets will be ascertained by the professionals. Control over the entire process of determination of fair value of resources also helps in reduction of risks. Capitalization of firms research and development Accounts- Since the research activities of particularly GPSA was not flourishing, expends can possibly be debited to both profit as well as loss account. Nevertheless, disbursement on development can essentially be capitalized since the development was unbeaten (DeFond Zhang, 2014) Evaluation- there is said to exist a very thin line between specifically successful and unsuccessful research as well as development. Since the disbursements on research and development involve greater amount, inaccurate recognition can direct towards high risk level (DeFond Zhang, 2014). Risk of audit- the inherent risk that can be related to expend on research and development involves categorising research as successful or else unsuccessful ones. Additionally, the specific amounts engaged in the actions are difficult to enumerate appropriately. Audit steps for reduction of risks: particular ledger that can be linked to expend can be examined appropriately. Moreover, prior to establishment of product as successful or else unsuccessful one, it is essential to carry out a market research (Hayes et al., 2014). Evaluation of ratio for assessment of business risk Return on equity- Analysis of the financial pronouncements reveal the fact that the return on equity is observed to have a downward trend and has dropped from nearly 22.7% during 2015 to 7.19 during 2017. This reflects that the capability of the firm to generate profits out of the investments are decreasing. Thus, there is said to risk on profitability on equity of the shareholders (DeFond Zhang, 2014). Analysis of return earned on total assets- The return earned on total assets of the corporation is seen to be on downward trend. This has essentially dropped from the level of 15.52% during the year 2015 to around 4.86% during the year 2017. This necessarily replicates the fact that income of the firm before taxes as well as interest along with the capability of the firm to generate gains as against the resources of the firm is diminishing (Fung, 2014). Thus, it can be said that there subsists risk on particularly the profitability of the operations. Analysis of profit margin (net): the net profit margin of the company displays a declining trend and the same has dropped from 15.52 during the year 2015 to 4.86% during the year 2017. This essentially shows that the income before both taxes as well as interest along with the capability of the firm as regards generation of profits as against the resources is diminishing. Thus, there is said to be risk on profitability of the firm (Beasley, 2015). Analysis of firms time earned interest- in essence, this reflects the times for which the firms interest earned during a specific period decreased to 1.90 times as compared to 3.51 during 2016 and 4.10 times during the year 2015. Thus, there exists a risk of savings since the corporation is not able to save sufficient amount to create interest earnings (Beasley, 2015). Analysis of days in accounts receivables- Since the days in accounts receivable has enhanced from the level of 53.24 days to around 83.07 over the two year period of 2015 and 2017. Therefore, there exists a bad debt risk from essentially the receivables (Cannon Bedard, 2016). Analysis of current ratio- Even though the current ratio of the corporation is in rising trend, the current ration of the firm stands at 1.80 during the year 2016. This essentially shows the risk of not utilizing the working capital effectively by the firms management. Analysis of debt to equity ratio: A higher debt to equity ratio greater than 1 shows that the corporation is hugely leveraged and the firm has acquired more funds through debt financing as compared to equities (Jia, 2016). Thus, it might possibly enhance the risk related to payment to diverse financiers along with creditors since higher amount of debt refers to greater amount of interest. Effectual control Disbursement of bonus: Bonuses paid to management official can be assessed by firms shareholders. However, in case of variance with the budget prepared ( monthly), the person accountable is asked to explicate the reason behind the variance. Protection of password- the application programs were strictly protected with passwords that restricted free admittance. The implementation of the IT system in the company involved assessment of success of the system (Eilifsen et al., 2013). Permitting discount- Discount permitted to all the esteemed customers are substantiated by particularly the sales director before upgrading permissible discounts to customers (Beasley, 2015). Receivable from trade Receivables are merged with the control of debtors during the closing of each and every month. Aging evaluation- Aged evaluation for receivables are presented using the computers at month end after taking into account all the invoices that can be processed into the specific system. Essentially, the aged evaluation is further assessed by the financial controller. Particularly, the receivables for over and above 890 days are necessarily separated and the firms clerk responsible for trade receivable is asked to mention the reason behind the payment delay (Hay, 2015). Doubtful Debt- Whilst the process of preparation of the follow up strategy for doubtful debtors, in which the balance is well above the prescribed limit, the shipment of further products to specific customers is essentially withheld in case if minimum prescribed amount is not accepted (Sookhak et al., 2017). Risk Mitigated Admittance to the database- Even though strict password is implemented to control the admittance on specific programs associated to IT functionalities, the admittance to the database is not protected by password that in turn can expose the entire system to risk of unlawful access (Barton Bruder, 2014). Physical Delivery Notes- In essence, shipping tiles to customers leads to generation of specific manual notes and this has increased over time. This necessarily exposes the entire system to both intentional as well as unintentional mistakes associated to amount of delivery (Beasley, 2015). Involvement of single individual for diverse activities- All the business activities related to firms trade receivables can be undertaken by the clerk of the firm. For instance, the returns of the customers on medical equipments earned after ascertaining the reason of gaining return and completion of documents, credit note in favour of consumers can be raised by the clerk for managing trade receivable. Furthermore, the journal posting along with the receipts acquired from the debtors are essentially passed to the official who is accountable for deposit slip from the bank. Undertaking all the actions by the same individual leads to exposure to fraud risk, faults or else misappropriation either intentionally or else unintentionally (Cannon Bedard, 2016). As rightly indicated by Jia (2016), test of control can be considered as a process of audit that can be used for examination of efficiency of internal control procedure utilized by the client company for detection or else prevention of material misstatement. Founded on the results of the test, the assessor can decide regarding the dependence level on the internal system of control. Essentially, the tests of control can be classified as follows: Re-performance: Under this system, a new transaction is introduced to examine the internal system of control Inspection- Under this system, the related documents are assessed using stamps, authorization as well as signatures for examining the control (Eilifsen et al., 2013). Observation- Under this specific system, the business process in action and the linked internal system of control are also assessed. Effective control under the test of control is essentially mentioned below: Disbursement of bonus- Observation tactic of control can be performed for this purpose Protection of password- Inspection tactic of control test can be performed for this purpose Discount allowance- re-performance tactic of control test can be performed for this purpose (Louwers et al., 2015). Receivables from trade- re-performance tactic of control test can be performed for this purpose Aging Analysis-Both the observation as well as inspection tactic of control test can be performed for this purpose Doubtful Debt- Re-performance tactic of control test can be performed for this purpose (Knechel Salterio, 2016). Weaknesses in internal control for particularly sales as well as trade receivable The company disburses bonuses to the management officials on the basis of sales volume. However, there are chances that sales volume might increase misleadingly (DeFond Zhang, 2014). Manual delivery notes are also declared for sale of tiles that are vulnerable to faults, fraud or else material misstatement ales journal are also presented on monthly basis, however, there remains chances of misplacement of different manual documents (Hayes et al., 2014). Trade Receivables- Trade receivable official is also accountable for business receivables associated to activities that again might lead to intentional or else unintentional acts of fraud, errors else wise material misstatement Trade receivables are merged with the receipt of the bank at the end of each and every month that is fairly an extensive time for settlement of major items such as receivables (Fung, 2014). References Barton, H., Bruder, N. (2014).A guide to local environmental auditing. Routledge. Beasley, M. S. (2015).Auditing cases: An interactive learning approach. Prentice Hall. Cannon, N. H., Bedard, J. C. (2016). Auditing challenging fair value measurements: Evidence from the field.The Accounting Review,92(4), 81-114. DeFond, M., Zhang, J. (2014). A review of archival auditing research.Journal of Accounting and Economics,58(2), 275-326. Eilifsen, A., Messier, W. F., Glover, S. M., Prawitt, D. F. (2013).Auditing and assurance services. McGraw-Hill. Fung, S. (2014).Hong Kong Auditing: Economic Theory Practice. City University of HK Press. Hay, D. (2015). The frontiers of auditing research.Meditari Accountancy Research,23(2), 158-174. Hayes, R., Wallage, P., Gortemaker, H. (2014).Principles of auditing: an introduction to international standards on auditing. Pearson Higher Ed. Jia, X. (2016).Auditing the auditor: secure delegation of auditing operation over cloud storage. IACR Cryptology ePrint Archive, https://eprint. iacr. org/2011/304. pdf. Accessed 10 Aug. Knechel, W. R., Salterio, S. E. (2016).Auditing: Assurance and risk. Taylor Francis. Louwers, T. J., Ramsay, R. J., Sinason, D. H., Strawser, J. R., Thibodeau, J. C. (2015).Auditing assurance services. McGraw-Hill Education. Sookhak, M., Gani, A., Khan, M. K., Buyya, R. (2017). Dynamic remote data auditing for securing big data storage in cloud computing.Information Sciences,380, 101-116.
Sunday, April 12, 2020
The Effects of Internet Addiction As we are living in a digital world, many people spend too much time using the Internet, and it is terrible to see more than 15 percent of people spend more than 11 hours a week using the Internet in different ways. However, do you want to have many health problems or social problems because of the Internet? As you know, being an introvert person, having sleeplessness, and getting sore eyes are the three common effects of Internet addiction. Being an introvert person is one way to affect your life negatively because of the Internet addiction. Many people believe that spending too much time in front of the monitor can separate them from other people, and make them feel introvert, shy, and unsocial person. In addition to that, if the parents spend a lot of time using the Internet, they children will learn to do the same. Consequently, the children will be addictive as same as their parents, and that is really so bad for children and adults too. We will write a custom essay sample on The Effects of Internet Addiction or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Having insomnia is yet another reason of Internet addiction. Since people stay many times searching the websites, chatting with their friends, and doing many things online, so they will get used to sleep late every night, which is too bad for their health. For example, if we used to watch online movies at night, especially the horror movies, we would be scared and feel that we do not want to sleep, which is leading to insomnia. Getting eyes inflammation is one more reason of exaggeration to use the Internet. For instance, when you spend more than 11 hours a week looking at the computer screen, your family will tell you that your eyes become reddish. Due to the Internet addiction and its disadvantages at our eyes, most of ophthalmologists say that we have to reduce of exposure our eyes to computer screens. Furthermore, do you want to have ugly eyes because of the Internet? In conclusion, it is clearly noted that being introvert, having lack of sleep at night, and getting eyes problems are enough effects to stop addictive at the Internet, and use it in balance way for significant reasons only.
Tuesday, March 10, 2020
The Strategic Management Of Ryan Air Tourism Essay Essays The Strategic Management Of Ryan Air Tourism Essay Paper The Strategic Management Of Ryan Air Tourism Essay Paper A Jenoir direction adviser is supplying adviser service for strategic direction of the companies. Senior direction squad of Ryan air inside informations on the contracts signed with Jenoir direction consulting company for acquire the confer withing service in strategic direction of the Ryan air s hereafter. As a consequence of this we carried out a strategic analysis in footings of the environment, industry and besides sing the internal public presentation of Ryan air. The purpose of this study is to supply confer withing services to Ryan air for its strategic direction in the hereafter. This study will concentrate on: The strategic analysis of the Macro Environment taking into history the PESTEL factors which will pull out the chances and menaces, Industry analysis utilizing the Porters Five Forces Model and a Strategic Group Model and Internal analysis pulling out the resources and capablenesss and the VRIO utilizing the Value-Chain Model for Ryan air. Thereafter, recommendations will be given as to how Ryan air can better which will be continued in the 2nd portion of this study. Hence, this study will demo how Ryan air can execute better in the long tally by placing the cardinal strategic issues. Table of Contentss EXECUTIVE SUMMARY 1 Table of Contentss 1 1.0 INTRODUCTION 3 2.0 CRITICAL ISSUES 4 2.1 Company Background 4 2.2 Core Problem 5 3.0 ANALYSIS ( MODELS / THEORY USED ) 5 3.1 EXTERNAL ANALYSIS 5 3.1.1 PESTEL ANALSIS 5 3.1.2 Porter s Diamond Model of Ryan air 6 3.2 INDUSTRY ANALYSIS 6 3.2.1PORTER S FIVE FORCES ANALYSIS OF RYAN AIR 6 3.2.2 Strategic Groups 7 3.3 INTERNAL ANALYSIS 8 3.3.1 VRIO/ VRINE of Ryan air 8 Barney s Model for Ryan Air 9 3.3.3 Ryan air Value Chain Analysis 9 4.0 EXTERNAL ENVIROMENTAL ANALYSIS 10 5.0 INTERNAL ENVIORNMENTAL ANALYSIS 11 5.1 Resources and capablenesss 11 7.0 CONCLUSION 13 8.0 RECOMMEDATION 14 9.0 Mentions 15 10.0 APPENDIX 16 10.1 Appendix 1 16 10.2 Appendix 2 17 10.3 Appendix 3 18 10.4 Appendix 4 19 10.5 Appendix 5 20 10.6 Appendix 6 21 10.7 Appendix 7 22 10.8 Appendix 8 22 1.0 Introduction The present concern universe is extremely complex, competitory and fast changing. Ryan air started in twelvemonth 1985 with merely 57 staff members and with one 15 seated propjet plane from the South of E of Ireland to London Gatwick which carried 5000 riders on one path. Ryan air was the first budget air hose in Europe and besides more successful low cost air hose in Europe. Ryan air s competitory advantage is its ability to turn and surpass others as it is Europe s first low-fares, no-frills bearer and in malice of economic instability there has been a growing in net incomes. ( Ryan air 2006 ) Harmonizing to Viljoen and Dann ( 2003 ) strategic direction is defined as the procedure of identifying, taking and implementing activities that will better the long tally public presentation of an administration by puting waies and by making on traveling compatibility. Presently in 2006 European air line industry confronting a background and the burgeoning budget sector. In order to analyze Ryan air s strategic will be focus on External, Internal environment and Industry. External environment will be analyzing the factors in the macro environment which influence hereafter industry growing and development, factors impacting current and future profitableness, place of rivals and strategic groups within the industry, to derive the drive forces of the industry, kineticss and eventually to understand international fight. Further more this analysis focal point on how Ryan air wants to make value for clients, its client value and competitory advantage, its activity value concatenation, client value the value proposition and finding the concern theoretical account to present the value place, short term and long term focal point and sustainability and methodological analysis of analyzing concern scheme. In concluding this analysis will concentrate on Ryan air s current strategic direction positions and how it can profit by utilizing strategic direction theories and the agencies by which the organizational efficiencies of Ryan air would be improved and urge to direction squad of Ryan air for bettering scheme execution. 2.0 CRITICAL ISSUES 2.1 Company Background Ryan air started in twelvemonth 1985 with merely 57 staff members and with one 15 seated propjet plane from the South of E of Ireland to London Gatwick which carried 5000 riders on one path. Ryan air was the first budget air hose in Europe and besides more successful low cost air hose in Europe. Ryan air s competitory advantage is its ability to turn and surpass others as it is Europe s first low-fares, no-frills bearer and in malice of economic instability there has been a growing in net incomes. In placing the current concern scheme we would be analyzing the vision, mission and aims of Ryan air. The mission of the Ryan air is to go Europe mostly paid low menu by turn overing out proven low cost no frills in all markets in which we operate to the benefits of riders, people and portion holders. ( Ryan air Report, 2007 ) Ryan air s societal duty is supplying good service to the riders. The vision is to firmly set up itself as Europe s cargo low menus scheduled rider air hose through continued betterment and expanded offerings of its low menu service ( Ryan air Report 2007 ) . Ryan air s aims are 40 per centum addition the market portion within the low menu air hose sector, in 2012 dual the one-year rider transit to eighty million and to quadruple Ryan air s one-year net income up to 1,230 billion. 2.2 Core Problem Ryan air being one of the taking budget air lines in Europe, which is presently confronting crisis. Though they were executing good during the last few old ages, presently European air line industry confronting a background and the burgeoning budget sector. Therefore it is necessary for Ryan air to see the causes of the crisis and necessary action good on clip. Due to this ground Jenoir direction advisers will be analyzing the external, internal and industry, whether Ryan air could over come this barrier. 3.0 ANALYSIS ( MODELS / THEORY USED ) 3.1 EXTERNAL ANALYSIS 3.1.1 PESTEL ANALSIS Pestle analysis is of import for identify Ryan air s schemes through macro external factors. These factors are in the air hose industry to understand Ryan air s future external menaces and chances. ( Refer Appendix 1 ) Political and Legal Security solution is the current move of authorities about air hose industry, which will increase the cost of service. Governments can take an action if there will be any difference in concern trades from Ryan air with Airport. The Ryan air must besides accommodate its schemes to accommodate the authorities statute laws and policies and must give more attending to the political of the state where they operate. Ryanair have been involved in assorted legal differences with authoritiess both in Ireland and the EU sing their concern trades with airdromes and air hose regulation organic structures. Economic Factors Global Economic recession in 2001-2003 had adversely affected many states and in had prostration the fiscal schemes of the company. Due to the recession the income degree of the people has come down due to that most people are proroguing or call offing their air travel. Socio cultural Factors After the September 11th incident in USA air travel as become a high hazard in concern in air line industry. More security steps are taken and the riders are confronting troubles. This has become a immense menace to air line industry. Technological- Ryan air s web site is the largest travel web site in Europe and this could assist them to increase e-commerce and advertisement gross. Their in flight cyberspace gaming, satellite telecasting and web-based check-in is an added advantage for Ryan air. Environmental Factor: The impression that the universe is becoming smaller and a move towards eco friendly environment by commanding noise degrees and green-house C emanations. 3.1.2 Porter s Diamond Model of Ryan air Porter s diamond theoretical account for Ryan air is stated in appendix 2 severally. 3.2 INDUSTRY ANALYSIS 3.2.1PORTER S FIVE FORCES ANALYSIS OF RYAN AIR Dickering Power of Supplier Ryan air s chief aircraft provider is Boeing and other one is Airbus. Switch overing cost will be high when change the aircraft. Fuel monetary values will impact Ryan air s cost straight, so they are extremely dependent the fuel monetary values and besides it is really large menace of their strongest side. Generally regional airdromes have small bargaining power if they are to a great extent dependent on one air hose but twenty-four hours by twenty-four hours their bargaining power increasing because of the competition between low cost air hoses. Besides of those regional airdromes, bigger airdromes have really immense bargaining power. ( Refer Appendix 3 ) Dickering Power of Customers Ryan air is the low cost air hose for all Europe finishs and clients are particularly in recession times extremely monetary value medium. It is really easy to alter their air hose and it is In this client s cognition about the cost of service is high and there is no client trueness for Ryan air. Even though there is no client trueness, dickering power of clients is low. Ryan air is the cheapest air hose for all Europe finishs and clients are particularly in recession times extremely monetary value medium. Menace of New Entrants There are tonss of barriers to entry and it is really risk to be new in air hose industry. The capital that will put in this sector is really high. It is besides difficult to take a topographic point current competition and besides difficult to happen suited airdromes for the flights. Menace of Substitutes There is non any trade name trueness of clients and Ryan air preferred client relationship is non close relationship. If their clients find better manner to travel they will non experience any vacillation to take it. So the menace of direct and indirect replacements is really high and the most of import point is there are no shift costs for the clients. Competitive Competition The market is extremely competitory. Most of Ryan air s cost advantages can be imitative instantly. In Europe it seems like there is an understanding between Ryan air and Easy jet about non to vie caput to caput. However if any company does make up ones mind to vie on the same footing as Ryan air it will be extremely critical for Ryan air. 3.2.2 Strategic Groups Strategic Groups have been defined by Finlay ( 2000 ) as groups of concern that are likely to react likewise to environment alterations and be likewise advantaged or disadvantaged by such alterations. Porter ( cited in John et al, 1997 ) , suggests that an industry can hold merely one strategic group if all houses followed basically the same scheme. At the other utmost each house could be a different strategic group. Strategic Group Map analysis below of the European Airline industry will bespeak that Ryan air has to vie with Aer Lingus and EasyJet really closely while British Air passages and other national bearers are in the part. Other smaller budget air hoses based across Europe such as FlyBE, German Wings and Hapag Lloyd Express besides pose competition in paths which they normally compete ( Small Masters, n.d. ) . This diagram besides shows how the Mega bearers compete within their strategic groups as opposed to the Mid-Sized bearers. Private Mega Carriers: American Airlines British Air passages Mid-Sized Carriers: FlyBE German Wingss Aer Lingus EasyJet Government-Owned Carriers: British Air passages Bulgaria Air Government No: of Finishs High Low Ownership 3.3 INTERNAL ANALYSIS 3.3.1 VRIO/ VRINE of Ryan air VRINE MODEL The top direction should be able to place the resources available in the administration soon in order to measure whether the resources available are sufficient plenty to implement the schemes. So the result of the Reconstruction depends on the resources available at that clip. VRIO of Ryan air Value, Rarity, Imitability, Organization Ryan air values its high service public presentation. The air hose is known for its rigorous observation on promptness, high rate of flight completion, and low luggage loss. It purchased modernized fleet which leads to less expensive care with unvarying trade names used while high aircraft use strengthens its concern and fiscal sheet. The rareness of Ryan air is based chiefly on its strategic placement and direction operations. Its execution on low menus service and high degree of client service bringing made Ryan air strong and competitory compared to other houses in the same field. Other houses in the same industry barely find their ways in copying the same operations and strategic planning. Ryan air produced effectual planning and direction operations in which it leads others to copy. Not all of the touchable and intangible resources like package, fleet designs, substructure, organisational civilization, and knowledge direction can be imitated. Causal ambiguity, clip compaction di seconomies and way dependences are factors which affect the trouble of other houses to copy effectual programs of successful houses like Ryan air. Barney s Model for Ryan Air The top direction should be able to place the resources available in the administration soon in order to measure whether the resources available are sufficient plenty to implement the schemes. So the result of the Reconstruction depends on the resources available at that clip. Harmonizing to the Barney s theoretical account can analysis Easy Jet as Ryan air s rival. Easy jet has adequate resort. For an illustration they have big figure of air trade and their skytrax star rate degree is high, so easy jet is valuable. Easy jet is non rare because same scheme what easy jet presently utilizing is other rivals besides utilizing. Easy jet can easy to copy to another company because low menu and besides they have adequate replacements ( for an illustration Train, ship ) . Easy jet is competitory para. ( Refer Appendix 4 ) 3.3.3 Ryan air Value Chain Analysis Ryan air strongly manages and signifiers relationships with different providers for an illustration. Boeing and nutrient, drinks etc, to do certain goods are received of demand criterions and on clip in order to add value through out its value concatenation. In order to add significant value for its service by supplying low cost and straight proctors relationships with airdromes around Europe, so they provide subsidies to the airliner in order for them to supply low cost and seen as adding grater value for clients. In order to cut down the cost and supply low cost to clients Ryan air contracts staff for aircraft handling, fining and luggage handling to 3rd parties at competitory rates every bit good as engine fixs and heavy cares of its aircrafts. Therefore reduces direct exposure to employee relationships and differences cut downing costs all through value concatenation. In order to add greater value for client, the aircraft staff e.g. pilot, cabin crew, they holds near relationships, giving the right preparation doing them to experience confident to reply on flight inquiries. The airliner has a committee placed for its aircraft crew linked with the gross revenues of responsibility paid goods. Therefore close direction with aircraft crew ensures good labours turnover cut downing the menace of staff being absent for flights, therefore seen as adding value for clients. ( Refer Appendix 5 ) 4.0 EXTERNAL ENVIROMENTAL ANALYSIS The external organisational environment includes all elements bing outside the boundary of the organisation that have the possible to impact the organisation ( Daft, 1995 ) . The environment includes rivals, resources, engineering and economic conditions that influence the organisation. The external environment can be farther conceptualized as holding two beds by and large and task environments. The general environment is the outer bed that is widely dispersed and affects organisation indirectly. It includes societal, demographic and economic factors that influence Ryan air. The most of import portion refering in the undertaking environment which is closer to the organisations ; its includes the sectors that conduct twenty-four hours to twenty-four hours dealing with the organisation and straight act upon their basic operations and public presentation: providers, competition, clients and the labour market. ( Refer Appendix 3, 6 ) 5.0 INTERNAL ENVIORNMENTAL ANALYSIS All organisations have strength and failing in its countries of concern. No organisation is every bit strong or weak in all countries ( David, 2005 ) . The procedure of internal environment analogues that of the external analysis. Resources come in many signifiers form common factor inputs to extremely differentiated resources that are developed over a adult male old ages and are really hard to retroflex ( Collins and Montgomery 1998 ) . Internal environment analysis involves a survey of civilization, construction and resources including engineering adapted by the inception. 5.1 Resources and capablenesss Ryan air s chief touchable resource is air trade. Their intangible resource includes things such as company s repute ( first budget air hose and low menu air hose ) , trade name name ( Ryan air ) , proficient cognition ( 100 per centum online ticket engagement ) , patent and hallmark. A competitory advantage is the set of factors and capablenesss that allow houses to systematically surpass their challengers. ( Refer Appendix 7 ) Tangible Resources Air trade Technical Promotion Equipements Competences Monetary value, Quality service, Reliability Competitive advantage of Ryan air Capabilities Low cost, High net income Intangible Resources Ryan air s Repute Brand name Low menu Technical cognition Figure 1: Resources based position if competitory advantage of Ryan air 6.0 SWOT ANALYSIS This analysis is an effectual manner of placing internal strengths and failings of Ryan air and of fact-finding chances and menaces of the external environment. ( Refer Appendix 8 ) Strengths Ryan air is the largest and most successful of Europe s low cost air hose. This fact is strongest merchandising point for Ryan air. Consequence of this low cost scheme, which increases clients and air hose, is spread outing quickly. Ryan air s web site was the largest travel web site in Europe. And the fifth most recognized trade name on Google. Harmonizing to the Ryan air one-year study 2006, Ryan air s accessory grosss ( include not flight agenda services ) had climbed by 36 per centum. Failings Ryan air is the least favourite air hose in the universe. Passengers who travel in Ryan air lose their baggages really frequently. Ryan air staffs are considered to be really unfriendly and there is common issue that the procedure ever delays. Ryan air was merely mid scope or below norm in its P/E multiple relation to equals like easy jet, whose portions had risen by 46 % during the twelvemonth. Ryan air has been criticized for many facets of its client service. Opportunities They have possible market portion. Because low cost air hose market portion non reached the peak degree. Ryan air has better chances to rule and catch up with the competition in the European air hose industry in footings of supplying more choice service. The uninterrupted enterprises of the company in variegation of its gross resources besides open new chances to do the concern become stronger to outgrow all its rival companies. Menaces Ryan air faced assorted challenges as it entered the 2nd half of financial 2007. The air hose itself predicted that its excess capacity edifice would make uncertainness about the success of new paths, locations and other troubles. These were excess selling and discounted menu costs incurred in establishing new paths, every bit good as overcapacity taking to monetary value film editing by challengers. 7.0 Decision By taking into consideration the above analysis, Jenoir direction adviser believe Ryan air has gained competitory advantage since there is a greater chance and strengths sing to the air line industry. Based on the External, Internal and Industry analysis, there are some major issues which were identified by Jenoir direction Consultant analysis squad in relation to Ryan air have failings and menaces. There are many countries which Ryan air should workout. Systematic, healthy and an organic organisation contribute much to the success of Ryan air. An organisation with clear aims and capable to pull everyone to work with these aims will take to its success. For air hoses, the hereafter will keep many challenges. Successful air hoses will be those that continue to undertake their costs and better their merchandises, thereby procuring a strong presence in the cardinal universe air power market. Therefore taking into consideration these damaging impacts to the entity Jenoir direction Consultant analysis squad formulated certain recommendations for Ryan air to execute the undertaking of a guideline in get the better ofing these failings and menaces, by consistently using these recommendations. Ryan air will be able to change over its current failings into chances and strengths in the hereafter. However risk direction in the strategic direction must be given an of import consideration in strategic direction program execution procedure. 8.0 RECOMMEDATION Based on External, Internal and Industry analysis, Jenoir direction advisers is recommended that Ryan air see the move their concern with low cost scheme in to international market, so Ryan air should has a elaborate program for this and be able to supply good client service to the clients like by holding discounted flights, publicity to maintain the competitory advantage at a stable manner within its rivals and besides will necessitate to concentrate more on the nucleus competition that will assist Ryan air to practically plan suited air hose operation within their market. There are some other recommendations for Ryan air, Ryan air, being the market leader in the budget air hose industry is executing really good as of now. But it does necessitate to take into history all the factors discussed supra. Ryan air besides has to do certain that even though Michael OLeary s tactics work today, they may backlash tomorrow. Ryan air should decelerate down on the aggressiveness of its strategic planning and execution so that it can avoid acquiring into problem with the authoritiess and stop up paying 1000000s. In order to retain its employees, actuate them and besides another agency of cutting costs, Ryan air can follow a similar scheme that of Jet Star s JEN ( Jet star Employee Network ) . This intranet package is both the edification and the functionality necessary to garner, portion and communicate cardinal corporate, HR and clip critical staffing information. Head of Corporate Relations, Simon West off says JEN delivers ongoing nest eggs of about $ 130,000 yearly ( Story, 2009, p.18 ) . 9.0 Mentions Collins, D.J. , Montgomery, C.A. ( 1998 ) , Competing on resources: scheme in the 1990s ( Volume 73 ) , Harvard Business Review Daft, Richard L. ( 1995 ) . Organizational Theory: Cases A ; Applications. ( 4th edition. ) : West Printing Company David, R.D. ( 2005 ) . Strategic direction: constructs and instances. ( tenth edition ) : Prentice Hall of India Find Article ( 2005 ) . EasyJet to come in Irish Market for first clip. Retrieved April 21, 2010, from hypertext transfer protocol: //findarticles.com/p/articles/mi_m0CWU/is_2004_Nov_23/ai_n7074328/ ? tag=content ; col 1 Find Article ( 2009 ) . Company Watch Ryanair. Retrieved April 22, 2010, from hypertext transfer protocol: //findarticles.com/p/articles/mi_6781/is_2009_August_24/ai_n42028112/ ? tag=rel.res1 Hodgson, N. ( 2009, November 20 ) . Ryanair set to catch EasyJet in JLA ranks. Daily Post Liverpool. RetrievedApril 19, 2010, from hypertext transfer protocol: //findarticles.com/p/articles/mi_8008/is_20091120/ai_n42256727/ Hubbard, G. Rice, J. A ; Beamish, P. ( 2005 ) . Strategic direction believing analysis action. ( 3rd edition ) . Pearson instruction Australia Lagadec, K. ( 2008 ) . Airbus and Boeing face a dark and painful hereafter. Post Carbon Institute. Retrieved April 20, 2010, fromhttp: //www.postcarbon.org/article/40546-airbus-and-boeing-face-a-dark/13913-energy The Airline Industry. ( n.d. ) . retrieved April 21, 2010, from hypertext transfer protocol: //adg.stanford.edu/aa241/intro/airlineindustry.html Viljoen, J. , A ; Dann, S. ( 3rd Ed. ) . ( 2003 ) . Strategic Management: Planning and implementing successful corporate schemes. NSW, Australia: Pearson Education Australia. 10.0 APPENDIX 10.1 Appendix 1 PESTLE ANALYSIS OF RYANAIR Political Environment National air hoses supported by certain states Europe brotherhood enlargement with new paths and new rivals. New European Union regulations and ordinances. Due to the authorities stableness touristry will be addition, which is good for Ryan air. New different revenue enhancement policy for different states. Economic Environment Menace of Ryan air is increasing fuel monetary value. Taxs and Interest rates Decrease of US dollars Increasing concern category traveling The menace of the replacements Rise of airdrome handling charges SOCIAL FACTORS Increasing Grey market, which is the trade of a trade good through distribution channels, which while legal, are unofficial, unauthorised, or unintended by the original maker. Populations growing does an ageing population impact them i.e. babe boomers, tonss of people in that life phase have more disposable income to pass Safety solutions Tendency Technological FACTORS Internet gross revenues and Increased cyberspace competitions High velocity trains Online cheque in Low fuel usage Legal FACTORS Privatizing of air hose industry Illegal subsidies from airdromes Competition Torahs in air power industry Allegations of false advertizement Rules and ordinances about Carbon emanation degree Environmental FACTORS Noise degree controls, Global warming,2.6 % of Carbon emanation in the EU, so this gas will consequence Green house 10.2 Appendix 2 Porter s Diamond Model of Ryan air Factor Condition Demand Condition Firm scheme construction and Rivalry Related A ; back uping Industries Change Government Firm Strategy, Structure and Rivalry Environmentally concerned. Entrants of other Low Cost Carriers Factor conditions Technological promotion. Demand conditions Demand is increasing for Low menus air travel. Related and back uping industries Car hire, Hotels, Travel insurance, Baggage tracing, Free metropolis ushers, Ticketing, Aircraft handling, Airport manager and other services 10.3 Appendix 3 Porter s Five Forces theoretical account Dickering power of Supplier Dickering power of Buyers Menace of New Entrants Menace of Substitutes Competitive Competition 10.4 Appendix 4 ( Beginning: VRIO theoretical account / Barney s theoretical account hypertext transfer protocol: //www.web-books.com/eLibrary/ON/B0/B58/033MB58.html ) Competitive Deductions from Recourses ( Easy jet as Ryan air s rival ) Valuable Rare Difficult to Imitate Without replacements Competitive Deduction Yes No No No Competitive para 10.5 Appendix 5 Value Chain Analysis of Ryan Air Firm Infrastructure ( Head Quarters ) Technology Development ( Internet, Integrate system, Low tech selling, Internet gross revenues ) Human Resource Management ( In house, Low cost preparation, Management control, Limited crew, public presentation contracts ) Procurement ( Boeing price reduction, Alliances, Low cost, out beginnings A ; private ) Inbound Logistic ( Quality preparation, Low cost provider, Airport understanding ) Operation ( No frill, low cost ) Outbound Logistic ( Reliable service, speedy turn around ) Selling and Gross saless ( Free promotion, Low cost, publicities, Internet gross revenues ) Servicess ( High productiveness, Limited resourses ) 10.6 Appendix 6 Location of the organisation general undertaking and internal environments Technological CUSTOMERRS Undertaking Env Internal Environment Socio cultural LABOUR Market Employees Culture International Rival Management Suppliers Legal/ Political Economic It can be noted that SUPPLIERS forms an built-in portion of undertaking environment and the function of importance of providers of constituents. 10.7 Appendix 7 Resources There are two sorts of resources, touchable and intangible which can farther be categorized into fiscal, human, physical and rational capital. Physical Resources which Ryan air possesses is 196 Boeing aircrafts. Huge sum of money was being spent for the aircraft care and they need to maintain the resources proper and running to do certain that these will non harm their low cost construction. They besides have the youngest fleet in the whole of Europe with a extremely fuel efficient capacity. Fiscal Resources Ryan air is the highest net income devising low cost structured air hose. Harmonizing to OHiggins ( 2007 ) , Ryan air s net incomes have been increasing 8.5 % on norm per twelvemonth. It besides goes onto say that in its Annual General Meeting in 2006 ; the air hose had delivered 12 % addition in net net incomes despite a 74 % addition in fuel cost. Human Resources Initially Ryan air started with merely 25 employees and had 3500 people by the twelvemonth 2006 and all of them are entrenched with a cost film editing attack. Ryan air employees a really much dedicated as Ryan air pays its employees good. In its 2006 one-year study it claimed to hold the highest wage figures than any other major European air hose. Besides by orienting rolls, the bearer maximized productiveness and clip off for crew members. The biggest HR advantage Ryanair has is Michael OLeary. Intellectual Capital The highest per centum of pie of ELFA is still being showed by Ryanair and because of its tremendous experience of its senior direction squad in the same industry. Michael OLeary joined as a Director in 1988 and was appointed CEO in January 1994. Captain Ray Conway was appointed Chief Pilot in June 2002 holding joined Ryanair in 1987. He has worked in Irish Air Corps for 14 old ages taking attention of Training and Transport Squadron.
Sunday, February 23, 2020
Auditing - Essay Example As the financial statements are the representation of management, it becomes very important to maintain the reliability and authenticity of these statements in order to avoid fraudulent activities in their preparation. The auditors have the responsibility of expressing their views related to the maintenance of fairness by the management. They are authorized with the responsibility of assessing the financial statements for testing the fairness and transparency of the information available in those statements. They collect evidences for assuring the fact that figures which are mentioned in the information does not involve material misstatement. The credibility of the financial statements is increased through the audit process conducted by the auditors. The report provided by the auditors has high influence on the decision making of bankers, creditors, investors or other stakeholders. Issues affecting the credibility of auditors and increasing the need of their rotation The present econ omy is struggling to recover from the turbulent period that is filled with various corporate scandals and also lacks investor confidence. Nowadays, greater emphasis is laid on the improvement of transparency, credibility, accountability and trust related to the information available in the financial statements. ... The major question which arises is that whether these types of activities affect the real performance of the auditors. In reality, it actually affects the auditorÃ¢â¬â¢s performances and reduces the accuracy or authenticity of the information available in their reports (Cooper and Neu, 2006). The auditors change the figures in the financial statements for earning high incentives. This has turned out to be one of the most highlighted issues that require immediate attention. Real evidences of material misstatements increasing the need of rotation of the auditors 1. In 2003, HealthSouth Corporation was accused by SEC for violating the civil law (Turner and The Staff of Vault, 2005). According to SEC, the chairman of the company Mr. Richard M. Scrushy has inflated the actual earnings of the company by an amount of $1.4 billion by 1999. SEC states that this fraudulent activity has been done in order to satisfy Wall StreetÃ¢â¬â¢s demands and expectations. HealthSouth Corporation has ma nipulated the actual figures in the financial statement for satisfying its stakeholders by hiding the real performance. Scrushy along with Don Siegleman (the previous Alabama Governor) have been accused for a series of activities, such as racketeering, bribery, laundering and various other illegal activities. There were other executives involved in the criminal activity of displaying fake company earnings in the financial statement in order to increase its reputation. SEC has reported after detailed analysis that the real earnings of HealthSouth Corporation fell short of Wall Street analystÃ¢â¬â¢s expectations. Thus, the ultimate solution found by Scrushy and his team was fixing the difference amount by overstating the profit figure. Frieswick (2003) argued that there were