Bible Exegitical Essay Example | Topics and Well Written Essays - 2500 words

Bible Exegitical - Essay Example The two different translations used in this paper are the NIV, and KJV translations. After the comparison of the two texts, a word study of the text is done, which aims at getting the correct interpretation of the text from the original language in which the text was written, i.e. Hebrew. The next part of the paper looks at the Historical background of Amos 9: 11-15. The historical background of the paper is followed by an analysis of the Movement of the text; the next part of the paper is the themes and the Theology of the text, and lastly, a summary and application of the message of the text is given A comparison of NIV and KJV translations of Amos 9: 11-15 shows that on verb tense, the two translations are written in the same tense, i.e. future tense1. The two translations, however, have some fundamental differences in vocabulary and phrasing. The first difference in diction is in verse 11. While NIV uses the phrases, â€Å"†¦ restore David’s fallen shelter†¦ repair its broken walls†¦Ã¢â‚¬  the KJV translation uses the phrases, raise up the tabernacle of David that is fallen and close up the breaches thereof†. The main difference in these two phrases is that while the NIV uses the vocabularies shelter and broken walls, the KJV translation uses the vocabularies tabernacle and breaches. In the same verse, while the NIV translation uses the phrase, â€Å"restore its ruins† the KJV translation uses the phrase â€Å"raise up his ruins†. This is indeed a significant difference in the two translations. This is because while the NIV translati on talks of restoring the ruins of the broken shelter of David, the KJN translation talks about the raising up of David’s ruins2. This is clearly a significant difference that can help us in getting the correct exegesis of this verse. Another difference in this verse is that, while the NIV translation talks

Critical analysis Essay Example | Topics and Well Written Essays - 2250 words

Critical analysis - Essay Example The major effect of global warming is the increase in the carbon dioxide emissions leading to a hotter environment. The long-term effects of the increased carbon emissions include mass extinctions, famine, floods, hurricanes and drought. The film An Inconvenient Truth aims at educating the masses on the need to have environmental friendly investments and sources of energy. This includes developing new generation vehicles. This essay seeks to present an argument whose aim is to find out whether global warming is a swindle or an inconvenient truth. The essay intends to point out the cause of and solutions to global warming. Thesis Global warming has been attributed to human activities or natural phenomena such as changes in the sun. It is imperative to consider the actual cause of global warming and solutions based on the opposing arguments. Strong point for global warming According to Davis, in the movie An Inconvenient Truth, the melting of glaciers parks and ice shelves is bound to have a profound effect. Some of these ice shelves include Mount Kilimanjaro, the Himalayas, Glacier National Park, Italian Alps and Colombia Glacier. Research shows that some of these glaciers have melted halfway. As a result, many polar bears are drowning as a result of swimming longer distances in search of glaciers. These are facts that can be quantified statistically. Continued global warming is likely to result in increased devastation. It is estimated that the melting of Greenland or Antarctica will eventually result in the rise of sea levels (An Inconvenient Truth). This rise is expected to reach twenty feet. In effect, the twenty feet rise in the sea level would leave one hundred million people homeless. This is especially so if places such as Florida, Netherlands, Bangladesh, Shanghai, San Francisco, and Calcutta become affected. In the United States, some of the economic sectors are expected to be impacted more than the others. The agricultural societies are expected to be profoundly affected by the impact of global warming. This is as a result of the loss of soil moisture. In the United States, the frequent wildfires are said to be a direct consequence of this phenomenon. However, an increasing number of scientists have been attempting to debunk the concept of global warming. They argue that human activities cannot be the cause of global warming (The Great Global Warming Swindle). The

Site visit New Royal Adelaide hospital Essay Example | Topics and Well Written Essays - 500 words

Site visit New Royal Adelaide hospital - Essay Example Construction of the New Royal Adelaide Hospital begun in 2010, and at the time of my visit, the construction and commissioning had all been completed. Before me was a complete 9 level structure equipped with a car parking facility about 3 meters below the ground level. The entire facility has no basement. The building is shaped like a rectangle and broken up to resemble a chocolate bar in which 7 buildings are divided by 200mm gap connections. A visit to the patient section revealed single patient rooms that were aimed at enhancing the privacy of all the facility’s patients (and their visitors). There were approximately 800 wards that were all appropriately furnished with viewing panels. Furthermore, the patient rooms had special windows that were earthquake resistant to offer protection to the resident patient in case of an artificial or natural disturbance. I also noticed that the center had its own pharmacy, and as I would come to learn, this was purposed to arrest emergency situations when a patient was in need of urgent medication or attention. Apart from this, the facility further cements its position as one of the largest projects in the southern hemisphere, as it stands, by boasting 9mm columns and other building innovations that effectively ensure maximum reduction/ elimination of vibrations in the building and its surrounding especially during delicate patient surgeries that would otherwise be compromised in the wake of such mechanical disturbances. In addition, the make up of the hospital is a healthy mixture of reinforced concrete and steel which ensures the whole structure has more strength (2000 cfa piles). There are equally separations in the structure of the building which suitably permits movement of the building during such occurrences as earthquakes. The connections between the buildings, however, are well placed to al low for smooth flow of services from one building to the next. One side of the hospital is much

Values Supporting High Performance Work System Research Paper

Values Supporting High Performance Work System - Research Paper Example 2. Diversity and Equality Management Systems (DEMS) For the last many years, business organizations are inclining their human resource management systems to promote diversity and Equality management systems to effectively compete in global markets. Whether an organization is multinational or aims to exist as multinational organization, commitment to equality and workforce diversity should be the major concerns of the HRM. While hiring the people, HRM of an organization is responsible for collecting the people with a variety of skills along with giving them equal opportunities of promotion and payment according to their aptitude (Marler 2012). An ideal Diversity and Equality Management System of a firm must involve diversity training and also monitor the recruitment procedure of the company. The minority or other disadvantaged groups are also dealt with special concern, where their pay and promotion are revised. Recently, many of the European business organizations are emphasizing to adopt the DEMS as one of the practices of Strategic Human Resource Management (George and Jones 2011). The term equality in DEM is wider in its meaning as there is a legislative initiative taken in Europe. Therefore, the Equality Act of 2010 can be seen covering the age, disability, pregnancy and maternity, religion or belief, race, sex, marriage and civil partnership, gender reassignment and sexual orientation. Moreover, in 2005 European Commission studied the extent of diversity and anti-discrimination policies in European companies. The results were satisfactory as 48% of the firms had applied the DEM system and 83% out of those firms had found DEM as a significant strategy for business growth. Thus, diversity and equality can be understood as giving value to variety and individual differences. So, while applying the practice of diversity, requirements of equality are fulfilled, as differences between the individuals, organizations and societies are valued. Though, this strategy is being emphasized to be made as part of HRM practices (Kumra, Manfredi and Vickers 2012). DEM and Recruitment The recruitment process under the practice of DEM is held very fairly because people are not rejected on any discriminatory reasons, such as race, gender or religion. Therefore, advertisements are taken place on web sources and through job centers, which will reach larger number of people can have access the advertisement from different backgrounds of expertise and skills. The job description is supposed to be clear and understandable so that applicants are evaluated on the basis of decided criteria. On the other hand, during the interview for a position, views of one person should not be taken into account but more than one person should decide the appropriate person for the position. Thus, it can be said that in order to establish an ideal DEMS within an organization, recruitment process is the initial step to set a system of equality. 3. DEM Supports High Performance Wo rk System The Diversity and Equality Management System is widely supported by business organizations because the kind of systems supports the implementation of High Performance Work System. DEM is advantageous for both the employees and for the business. Some of the benefits of DEM are discussed below that contribute the business to elevate. i. Balanced Workforce Any organization that desires to be prospered in its particular segment needs to have a balanced

Hooters Of America Essay Example | Topics and Well Written Essays - 1750 words

Hooters Of America - Essay Example (Hooters of America, Franchise Disclosure Document, 2010). Therefore, their beginning can be traced back to 1984 with a different name while their functionality under the name of â€Å"Hooters of America† can be traced back to 1989. â€Å"Hooters of America† is mainly concerned with the business of running Hooters Restaurants. However, it has many affiliates, which run different kinds of businesses under the title of â€Å"Hooters† such as Naturally Fresh, Inc., Super Sports Merchandisers, Inc., Super Sports Marketing, Inc., Hooters National Advertising Fund, Inc., Hooters Magazine, Inc., Hooters Racing, Inc., Hooters Sports News, Inc., Hooters Sports Productions, Inc. and National Golf Association, Inc. (Hooters of America, Franchise Disclosure Document, 2010). There are varieties of eatables served at Hooters Restaurants and there are certain unique characteristics that make Hooters Restaurants different from other dining spots. â€Å"Hooters of America† offers franchises for the institutionalization of its restaurants and its services under the name of â€Å"Hooters of America† (Hooters of America, Franchise Disclosure Document, 2010). It is a public traded company. As far as the expanded business of the company is concerned, â€Å"Hooters of America† is a large networked corporation with many affiliates. Their head office is in Georgia. All the affiliates of the company are also located in Georgia (Hooters of America, Franchise Disclosure Document, 2010). The company has license to operate in the whole United States of America and also outside the States. The company provides franchises for restaurants (Hooters of America, Franchise Disclosure Document, 2010). The franchises of â€Å"Hooters of America† are spread in the whole United States due to which, it can be easily stated that the business network of the company is widely expanded. The company,

The Institute of Medicine Report Essay Example for Free

The Institute of Medicine Report Essay The impact of the Institute of Medicine report on nursing education suggests the nursing profession should have a more advanced education system providing limitless opportunities for growth. The future of nursing providing care to the entire realm of health care, especially primary care and community settings, will be determined by the evolution of a new educational system. The IOM report states that sixty percent of hospital employed nurses will be impacted by the Affordable Care Act because of the transition of patients to primary and community health care. (National Research Council, 2011) Tension in the current educational system has been steadily increasing due to the newly required nursing skills in many specialty areas. That being said, the new educational structure will have to be expanded immensely. The IOM report suggests increasing the number of baccalaureate nurses from fifty to eighty percent by the year 2020. (National Research Council, 2011, p. 12) The report also suggests doubling the current number of nurses with a doctorate degree. Reaching these goals along with overcoming many other educational obstacles will require many changes and modifications to the current system. Increasing the use of technology to educate nurses through on-line programs is one necessary effective strategy. This will create continuous opportunities for nurses from all ethnic groups with associate degrees to obtain their baccalaureate and master’s degrees. Leaders of organizations, hospitals, accreditors, philanthropist, employers, etc. should work cohesively to secure funding for these educational programs. Generating more diversity in nursing will help meet the demands of the projected increase of ethnic groups receiving health care due to the ACA. Intra-professional diversity has been suggested by the IOM report too. (National Research Council, 2011) It is recommended that nurses, physicians and other health care disciplines should be educated together as students and their professions. The IOM report suggests utilizing a nurse empowering trend by hospitals around the country. This trend consists of health care organizations encouraging their nurses with associate degrees to enter into baccalaureate nursing programs within a few years of graduation or hire. (National Research Council, 2011) Impact of the IOM Report on Primary Care Nursing Practice The impact of the IOM report on primary care nursing practice suggests a direct link to the conversion of the education system. With specialty care expecting to diminish, primary care is foreseen to generate large numbers of health care consumers in the near future. People across the country will have increased access to primary care. Therefore, it is speculated that primary care nursing practice will require more opportunities and faster transitions for the advancement of nurses to obtain BSN, master’s and doctorate degrees. Advanced practice registered nurses should have a huge role in the success of primary care. Since there are few APRNs practicing in primary care settings then there will be plenty of opportunity for this group to grow. If these ideas do not evolve as projected then nursing shortages for primary care providers could impede nursing care. The IOM report states that continuous updates to nursing practice and education should be created by collecting and analyzing data from each role and scope of practice. (National Research Council, 2011) The collected data will also be used for future predictions of health care professional requirements in each setting. My Practice Changes in Regard to the IOM’s Report My practice changes in regard to the IOM report in many ways. It is not rare that my unit admits children who are over or under dosed on their medication or are prescribed medicines that are ineffective or not recommended for their diagnosis. I could change my practice to meet the goals of the IOM report by providing families and patients information about their mental health diagnosis, signs and symptoms of an exacerbation of their disorder, contact information to our facility and collect their contact information for a discharge phone call. More so, I can provide them with contact information for trained and skilled mental health professionals in their area and have appointments scheduled within a week or two of discharge. I would ask if the information discussed in the discharge meeting is realistic for them and meets their expectations. Another way I can change my practice to meet the goals of the IOM report is by continuing to chair and co-chair evidence based practice projects pertaining to technology. Technology is mentioned in several case studies in the IOM report and I agree that we should continue to find methods to use it being fiscally responsible. Recommendations for the Nurse Leader Recommendations for the nurse leader according to the IOM report are for nurses and physicians to start working as complete equals while providing healthcare. Nursing must contribute more to leadership roles and continue their education in these roles to help provide increased quality care to patients. Nurses must become more fluent in policy reform by becoming more involved as members of committees, councils and legislation. There should be a greater emphasis and expanded education on nursing leadership in educational programs and employer based competencies. Employers should begin or continue incentives for professional development as the IOM report suggests more nurse leaders are required for reform. (National Research Council, 2011) References National Research Council. The Future of Nursing: Leading Change, Advancing Health. Washington, DC: The National Academies Press, 2011. Retrieved from http://www.iom.edu/Reports/2010/The-Future-of-Nursing-Leading-Change-Advancing-Health.aspx

Investment Appraisal Decision Making

Investment Appraisal Decision Making 1. INTRODUCTION The research is undertaken in the partial fulfillment of degree of MBA. The dissertation focuses on the investment appraisal in the Indian hotel industry. Shareholders and Creditors invest capital in an enterprise in the hope of gaining a return. For loan creditors they require interest plus a return of their capital, while shareholders require dividends and maintenance or increase of share prices. The capital invested is channeled through the enterprise and invested in capital projects, which must generate returns commensurate with the expectations of the providers of that capital. Capital investment within any organization is crucial and important for the organizations well being and long time survival. Capital investments are those which have long-term effects on the organization by providing benefits over a number of years. This dissertation also shows the different types of investment appraisal and shows the company where to invest and where to not invest. Questionnaire is desig ned to collect primary data along with secondary data collected during literature review. Conclusions will be based on the basis of data collected from questionnaires. Secondary data and recommendations will be presented that will enhance the decision making process made in the Indian hotel industry by the investment appraisal methods. 2. OVERVIEW OF INVESTMENT APPRAISAL Capital expenditure decisions are crucial to the long-term viability, success and survival of a company. Capital investment appraisal provides a framework in which capital projects can be considered, screened and evaluated. Because of the inflexible nature of capital projects, risk and uncertainty, and environmental change, e.g.; the tax factor, changes in government policy and technological change, it is essential that they are carefully selected, to ensure that they will help the organization to achieve its objectives. Therefore, Investment decision is one of the key decision areas of financial management. An investment decision can be defined as one that involves the firm making a cash outlay with the aim of receiving, in return, future cash inflows. Decisions about buying a new machine, building a factory, extending warehouse, improving a delivery service, instituting a staff training scheme or launching a new product line are all examples of investment decisions that need to be made by the industry. In order to make such decisions and to ensure that they are consistent with each other, a common method of appraisal is required which can be applied equally to the whole spectrum of investment decisions and which should help to decide whether any particular investment will assist the company in maximizing shareholder wealth. Therefore, investment appraisal methods cannot replace managerial judgement, but they helps to make that judgement more sound. Investment appraisal is also referred to as ‘capital budgeting (Lumby. S, 1988). The decision making consists of different stages: Planning Identifying the alternatives to be considered and their transformation into workable proposals. Appraising the alternatives and selecting the best one with regard to the organ isations goals. Implementing the decision. Reviewing the selected investment project (RÃ ¶hrich. M, 2007). 3. RESEARCH AIMS OBJECTIVES Every organization has problems in its investment areas, so an appropriate investment appraisal is required to solve these problems.The role of investment appraisal is to ensure that appropriate information is gathered relating to the investment alternatives. Capital investment decisions allocates resources within the organization to offer the best potential of meeting its objectives. It maintains and improves profit performance and increase market share. It achieves a balanced product portfolio. Investment appraisal methods are relevant to all decisions that form part of the investment planning process. Understanding different investment appraisal methods, their assumptions, limitations and possible usages will lead to an increased understanding of different decision making and an informed choice of methods. This should greatly enhance decision making in regard to both single investment projects and investment programmes. It enhances various alternatives to use different methods of investment appraisal to make business decisions. It also develops higher order skills through having to consider other factors, apart from quantitative methods, that a business might have to consider in making business decisions. The main goal of long term decision making is that the firm must handle the investment in order to earn profits greater than the funds committed. In order to handle these decisions, firms must have to make an assessment of the size of the outflows and inflows of funds, the lifespan of the investment, the degree of risk attached and the cost of obtaining funds. The main focus of this research is to analyze the decision making process made in the Indian hotel industry by the investment appraisal methods. Taj Residency Plc, Abad Plaza Plc are the hotels in India which are included in this research. This dissertation will try to answer following questions using investment appraisal methods depending on problems identified during the analysis and searching for a lternatives. Key considerations in making investment decisions are: Should an investment be undertaken or rejected? In the case of mutually exclusive investment projects, which one should be preferred? For how long should n investment project should be utilized? When should the investment project be started? What is the scale of the investment can the company afford it? How long will it be before the investment starts to yield returns? Which of the investment projects should be preferred and carried out when limited financial budget restricts the number that can be undertaken t the same time? How long will it take to pay back the investment? What are the expected profits from the investment? Could the money that is being ploughed into the investment yield higher returns elsewhere? Does the proposed investment fit in with the organizations strategic objectives? What are previous proposals to see which techniques the organization uses? How the organization allows for risk and inflation in investment proposals? Which investment appraisal techniques would the companies wish to consider for making long term investment decision? Investment appraisal in the Indian Hotel Industry Hotel Industry in India has made tremendous boom in the recent years. Hotel Industry is inextricably linked to the tourism industry and the growth in the Indian tourism industry has fuelled the growth of Indian hotel industry. The hotel industry and tourism industry in India are straightly linked to each other. Revenues of Hotel and Restaurant (HR) industry in India during the financial year 2006-07 was INR604.32 billion , a growth of 21.27% over the previous year, primarily driven by foreign tourist arrivals ,which increased by 14.17%. at present, there are 1,980 hotels approved and classified by the Ministry of Tourism, Government of India, with a total capacity of about 110,000 hotel rooms. The tourism industry is showing excellent performance, in terms of foreign tourists arrival. It is estimated that over the next two years 70,000-80,000 rooms will be added across different categories throughout the country. The thriving economy and increased business opportunities in India have acted as a boon for Indian hotel industry. The cheaper airlines rates to India has also made growth in the domestic and international tourists which helped the industry very successfully. In recent years the Indian government has taken several measures to boost travel tourism which have benefited hotel industry in India.Investments in tourism infrastructure are essential for Indian hotel industry to achieve its potential. But instead there are few challenges faced by the Indian Hotel industry. They are lack of cost structure, shortage of efficient manpower, shortage of resources etc, so an appropriate investment appraisal is required to select and monitor the investments properly. The hotels which are included in this research are Taj Residency Plc, Abad Plaza Plc. Taj Residency Plc is a five star hotel which is situated in Cochin, kerala, India. Its a hotel which consists of 108 rooms including 12 spacious suites. The hotel provides all the services for the customers. The hotel is situated near to the sea, so it focuses mainly on international tourists. The Taj Residency Group is focusing on building a new hotel under the same name in another place in kerala, India. Abad Plaza Plc is a five star hotel which is situated in Cochin, kerala, India. Its a hotel which consists of 80 fully furnished luxury rooms. The hotel provides much more quality services for the satisfaction of customers. Warmth and hospitality has always been the strong points of this hotel. It is located near to the railway station and close to bus station as well. The hotel is trying to expand the business by way of building another hotel in another city in kerala, India and they are planning to extend the existing hotel into more bigger one in order to build more rooms and provide more service facilities to customers. So, a good decision must be made by using efficient investment appraisal techniques in order to invest in the right place and in the right time. 4. LITERATURE REVIEW OF INVESTMENT APPRAISAL An investment is ‘any course of action that involves sacrifices now or in the near future in anticipation of higher future benefits (Pike and Neale, 2003). Investment appraisal is influenced by the fact that external shareholders and potential investors have access to accounting data and make their estimates of firms economic rte of return with accrual-based accounting numbers. As a result, there is a continuing history of research analysing and relating accounting rate of return and economic rate of return concepts. Accounting information affects investment appraisal in many ways (Danielson Press, 2003). There are four basic techniques for the appraisal of capital investments which are : Payback (PB) measures the time that it will take to recover the total funds invested in an project. It shows the time required for the total cash inflows to equal the total cash outflows. A Project is considered attractive if it has short payback period. Projects with short payback periods allows managers to recuperate their investment quickly and give them more flexibility to reinvest these funds in future. They also have fewer risks than projects with longer payback periods. The payback period is popular method to evaluate capital investments. The shorter the payback period is, the more desirable the investment. Because the payback period focuses on short-term results, it does not require managers to predict cash flows far out into the future. Accounting rate of return (ARR) measures the percentage return the project achieves over its life in terms of profitability. Accounting rate of return is often used internally when selecting projects. It measures the performance of projects and subsidiaries within an organization. ARR is almost similar to payback period method but the important difference is that it tends to favor higher risk decisions, whereas use of the payback period leads to overly conservative decisions(Broadbent. M, Cullen. J, 2003). Internal rate of return (IRR) measures the percentage return the project achieves over its lifetime in discounted cash flows. The advantage of using IRR method is that it does not consider the time value of money and therefore is more exact and realistic than the ARR method. The shortcomings of this method are that it is time consuming to compute (Shim. K. J, 2000). Net present value (NPV) compares the initial cost of the project with the future discounted cash flows it generates. It allows the company to screen the company projects potential profitability by discounting future cash flow expectations and comparing the sum of these cash flows to the initial capital expenditure required to fund the project. Though similar to IRR method, NPV does not calculate an investments exact rate of return but instead calculates the exact dollar amount that an investment exceeds, or fails to meet , the expected rate of return. NPV provides an excellent decision criterion for investments. NPV does not suffer from any of the drawbacks of the payback or IRR methods. NPV is the method most recommended by financial experts for making investment decisions. IRR is still used to determine the exact rate of return for an investment, but NPV has none of the problems that IRR have with unusual investments (McAllister. E. W, 2005). 5. RESEARCH METHODOLOGY A research design provides a framework for the collection and analysis of data (Bryman and Bell, 2007). Data is divided into four types; secondary, primary, quantitative and qualitative. Selection of data type depends largely on the type of research (Buckley, 1995). The research objectives justify that descriptive research is the best method to achieve research objectives. The methods used in this research to collect primary data are as follows: Questionnaire It is a commonly used technique in quantitative research methods. The main benefit of using questionnaire to collect primary data is that it collects data in a format that is easy to analyze. The questions to be asked in the questionnaire are dictated by the research objectives. Questionnaire provides good sampling control and flexibility and control with regards to location and time. It is time consuming if several segments are involved. The research undertaken will use questionnaire to collect primary data. The mainrationale behind choosing questionnaire is that the research requires the controlled responses from the individuals. Time limitation for the dissertation also supports the selection of questionnaire for primary data collection as it is less time consuming to conduct. Personal interviews A Personal interview is defined as a purposeful discussion between two or more people (Kahn and Cannell, 1957). The data collected using personal interview is very reliable. Interviews can be un-structured or structured (Saunders et al, 2007). Structured interviews are a systematic goal oriented process. They force organized communication between the knowledge engineer and the expert. A structured interview is a question and answer session, which is recorded in some way. Personal interviews provide the visual verification of respondents characteristics and references to sources can be used to verify facts. However, personal interviews may be expensive and difficult to arrange. Also respondents may formulate the answers depending upon their profiles.