Human organs Essay Example | Topics and Well Written Essays - 2250 words

Human organs - Essay Example Anyway disputable such deals might be esteemed by many, truth is that favorable circumstances offered by this exceed all drawbacks set up. The accompanying conversation will assist with demonstrating this contention by giving proof about contracting number of contributors of organs like kidneys in the light of trustworthy exploration. Musings of defenders and adversaries in setting of improvement of an appropriate market for human organs in the UK will likewise be investigated. Last area will incorporate a few proposals, bolstered by significant full scale promoting ideas, with respect to changes required in the current courses of action made in the UK to upgrade the pace of organ flexibly. Momentous discussion, which has encompassed organ deals since the start of times, begins from a specific sort of adoration for the human body. To consider this body a natural machine with replaceable parts involves disgrace for some. Indeed, even with cutting edge science and innovation, it is viewed as an immense untouchable additionally in numerous social orders. The human body is thought of as a holy sanctuary and this thought strengthens different â€Å"beliefs and ceremonies to think about the body after death† (Petechuk 2006, p. 73). There are profoundly instilled limits on what should be possible with a human body, the limits which are set up by religion, society, and human brain research. Contention additionally picks energy when intricacies influencing kidney donors’ wellbeing are misrepresented because of incorporation of predisposition in gathered information. Be that as it may, this much stands genuine that earlier authorization of an individual is should in all cases on the grounds that long and excruciating hang tight for organ transplants does â€Å"not eradicate the privileges of some to use their organs as they see fit† (Cherry 2005, p. 144). The quantity of kidney benefactors is low in the UK contrasted with Scandinavian nations as indicated by clinical exploration. It is asserted by information gathered

Peer Review Feedback Essay Example | Topics and Well Written Essays - 1000 words

Companion Review Feedback - Essay Example It caused me to notice the article. The initial line, â€Å"I can recall the appetite I felt to acquire and share data as a child†, conveys the punch that is brought through in the initial passage. Another element of your article is the nitty gritty record of your different phases of progress introduced in the work. At long last, I should state that you utilize basic words that make it simple to peruse and comprehend your work. Shortcomings The punch of the initial sections isn't felt in the later phases of the work. This diminishes the allure and meaningfulness of the work. There are two viewpoints here that I might want to point. The first is the style of composing causes the work to seem incoherent. The stream is deficient. For instance, you end one section with â€Å"during this time, I got my son’s clinical graph and checked on only it, and with human services experts, while again utilizing self trained research skills.† The following passage begins with â⠂¬Å"massage treatment vocation way, apparently irrelevant to the field of reporting, was brimming with more chances to gather data by means of research and interviewing†. There is absence of progress here. My keep going impact on shortcomings in the work is the absence of vivre le joi or the delight of living. You are managing a piece of your life. I am certain you will concur that no life is worth without the substance of happiness in it. It isn't important to just present an incredible progress as a lot of information in look into paper. Proposals I don't feel I hold the benefit of making any recommendations for improving this work. All things considered, if may propose there are three zones that I would address. The main perspective is decreasing the size of the sentences. You utilize basic words, yet the size of the sentences is huge. The blend of basic words and basic sentences would make comprehension of this work simple. I come back to my analysis of the work for my nex t two recommendations. Use change sentences between passages to help progression in your work. The last recommendation lies in spicing up the work, with the end goal that you do pass on euphoria in the existence you drove up until this point, and convey the expectation that it goes further into your life. PORTFOLIO INTRODUCTION †MARTA IZER I have restricted involvement with doing a friend survey. Consequently, I don't accept that I have a lot to add to your portfolio presentation. As I would like to think it is a flawless bit of work. I simply adored it. On the off chance that my perceptions help to make this portfolio presentation of yours far better, I trust I am the blessed one. Any commitment of mine to this work of yours future pointless, without rehashing that it is a decent bit of composing. Qualities Your portfolio presentation has been developed well, and written in a way that makes for charming perusing. Experiencing the substance has just caused me to remember my ado lescence and the changes that have happened in my life. You have written in such a style, that the peruser will be left with a hint of wistfulness of the years passed by. Another quality in your bit of composing is the straightforward language that you have utilized. Straightforward words developed into basic sentences have made the perusing of this bit of composing simple to peruse and simple to acclimatize. The stream in your composing style is another quality. There is no sudden alter in the course o your progression of data. One section merges into the other, thus there is no feeling of shaking in the perusing of the work. Shortcomings Since I like the bit of work it has been hard for me to recognize

Management organisational behaviour Free Essays

Question: Goal-setting Is broadly utilized In the executives practice, however is objective setting all professionals and no cons? Talk about both the advantages and the conceivable drawback, or â€Å"darkled† of objective setting. Presentation Introduce the theme and quickly depict what objective setting is in your own words. Characterize how we’re going to apply objective setting with regards to an association Briefly talk about the advantages and disadvantages of objective setting Discuss my perspective what are the most proficient techniques for objective settings and how might they be applied to an association or an Individual. We will compose a custom article test on The executives hierarchical conduct or on the other hand any comparative subject just for you Request Now Passage 1 (What is objective setting? In detail, clarify what objective setting is and characterize Edwin A. Locker’s Goal-setting hypothesis Discuss what components impact objective setting (E. G Specific, reasonable objectives work best) Evaluate on how associations and people apply objective settings Paragraph 2 ( for what reason do we use It? ) Motivation Help you to picture and plan activities to accomplish what you need at that point complete it Paragraph 3 (Benefits/Pros) Begin the passage with how objective setting is valuable as a subject sentence Create a rundown of key advantages that can be applied to associations and people Gives a way o you know precisely where you are going and what you have to do to arrive without delaying. Practicality that comprises of littler achievements, so it causes the bigger objective to appear to be progressively feasible Set achievements will drive you to set prolepses, thus keeping you from getting diverted Organization Goals could be accomplished quicker and all the more adequately when it is being separated into littler objectives and worked together in a group Obtaining littler and increasingly visit achievements will give a feeling of accomplishment that inspires the association When an association is working with a customer littler objectives permits the customer to be consistently mindful of the associations progress towards the last objective giving a suspicion that all is well and good Individuals Makes you mindful of your own qualities and shortcomings Keeps you centered Makes you liable for your own prosperity or disappointments Improve your mental self portrait Limits your pressure Paragraph 4 ( Negatives ) Begin the section with talking about the drawbacks of obje ctive setting Create a rundown of key drawbacks that can be inferred to associations and people Creates a dread of losing ( being censured) High speed execution may trigger incorrectness, and absence of subtleties when arriving at the last objective. Higher precision could be obtained yet it occurs at a much more slow rate, because of spotlight on improving quality. Association in objectives. Strategy for accomplishing that achievement might be diverse for every person when it is vital to work constantly as a group Individual Intense measure of outstanding burden may name an individual into hesitating once the individual in question accepts that their objective can never be accomplished until its cutoff time (depletion) Competition might be utilized as an impetus to accelerate the pace of accomplishment, however it ay result in ruined objective achievement. Deficiency of time may lead laborers to apply unsystematic techniques, being not able to get objectives morally or adequately. Passage 5 (So how would we use Goal-setting to its greatest limit? Quickly clarify how objective setting is normally utilized inside associations Give instances of genuine objective orientated associations and people Carefully structure practicality ba ck up plans Paragraph 6 (end) Reintroduce the subject inquiry Summaries every section What is objective setting? For what reason do we use objective setting Benefits and drawbacks How would we use objective setting to its most extreme limit Diaries Plan Week 4 †Starting eighteenth August Research and gather any accessible articles about objective setting utilizing cholesterol, infringe, fight, at that point begin perusing Gather brief data on every article Start recording fundamental arrangement of task 1 figure out how to reference utilizing Harvard or PAPA style referencing Start reviewing task 1 Week 5 †Starting 25th August Finish with task 1 Assignment 1 due on 27th of August Complete full/definite research from gathered assets Week 6 †Starting third September Gather data for first and second section with Cholesterol, Encroach, and dissent †What is Goal-setting? , and for what reason do we use it Have a fundamental organization of how the presentation and second passages will be composed Final review will be directed later on in the wake of gathering all the important data Week 7 †Starting ninth September Collect data for section 3 and 4 with Cholesterol, Encroach, and dissent †Benefits and Downsides Have an essential arrangement/composed guide of how the third and fourth sections will be composed Week 8 †Starting sixteenth September Collect data for passage 5 with Cholesterol, Encroach, and dissent †How would we use it to boost its utilization? Have an essential configuration/composed guide of how the fifth passage will be composed Start task 2 Complete the entirety of the body sections up to the end Start and complete the end Start and complete the referencing Allow peer audit for autonomous points of view or for checking syntactic mistakes Study Break †Starting first October Final editing of task 2 without anyone else week 10 †ASSIGNMENT TWO DUE on seventh October Hand in paper by means of Nipping site before 4:pm Annotated book index Lethal, GAP 2004, ‘The persuasive advantages of objective setting, Academy of Management Executive, Volvo. 18, no. 4, up. 126-129. The article a looked into dependent on inspiration, self-guideline and errand the executives. This examination depends on a theory that individuals who dole out errands for themselves, or have their own arrangement of objectives to accomplish by specific cutoff times would by and large outflank the individuals who are allocated assignments by thei r supervisors. At long last be that as it may, the analysts found that paying little mind to how the undertakings were doled out to an individual, the degree of responsibility was on par. Be that as it may, individuals with various characteristics and characters may show an extraordinary distinction of execution quality when an errand is relegated to them instead of giving them the opportunity of setting their own assignments. Different examinations identifying with this exploration were additionally led, and one of them indicated that if the trouble of the errand was unaltered, the degree of execution was likewise consistent paying little mind to being relegated to or self-directed. In spite of the fact that I concur with the writer, I can't help contradicting a few pieces of the article since the degree of execution won't remain steady when the trouble rises. Because of some misfortune in inspiration subsequent to being confronted with an objective that they realize they would never accomplish in, a few people would prefer under accomplish than to be frustrated in their outcomes. Locke, EAI Lethal, GAP 2006, ‘New Directions in Goal Setting Theory, A Journal of the Association for Psychological Science, Volvo. 15, no. 5, up. 265-268 The article is about a connection between objective setting and undertaking execution during a multi year time frame, in view of 400 lab and field considers. The strategy for investigate included masterminding members into gatherings of various degree of errands. For instance the American Pulpwood Association probed their uneducated, incompetent workers to check whether defining an objective would build their efficiency. Tight cutoff times before long lead to a fast increment in work pace and set objectives additionally inspired the laborers to find the information expected to get more prominent objectives. The exploration delineated how inspiration can be estimated from various degrees of reasonable objectives when contrasted and the degree of inspiration of having free cutoff times. The information gathered higher errand execution, though simple, dubious, and ridiculous objectives lead to a decrease in and task execution. I concur with this article as having a define objective that is practical lifts good and inspiration to increment anyone’s work execution. Kim, Hammer, Jay S, W. Earth, 1976. Diary of Applied Psychology. Impact of Performance Feedback and Goal Setting on Productivity and Satisfaction in an Organizational Setting, 61 , 48-57. The article delineates how a mix of criticism and objective settings fundamentally expanded the work execution. The exploration was directed in four separate plants with administration type Jobs, with most of the members whom were industrial, and the remainder of them being ladies. Three target reference measures were represented (cost execution, truancy, and security). The outcomes obviously show that a blend of objective setting and input is far better than objective setting alone on the expense and wellbeing proportions of execution. Be that as it may, a blend of inherent and outward criticisms would expand the full limit of a person’s execution level. As I would like to think, this article is precise since it tends to be applied to any sexual orientation and age. Productive criticisms that are both inherent and extraneous is significant for understudies to realize where they turned out badly so as to perform better in up and coming errands. The most effective method to refer to Management authoritative conduct, Papers

Globalization and Youth Essay

Globalization and Culture mean various things to various individuals and the developing age will shape the eventual fate of both. There has been social ramifications are integral to understanding human side of globalization in youth culture in general. Youth are significant however the general public doesn't understand this since they are focusing on more the social side of the issue. Never again is it an issue of whether globalization is affecting all parts of human life; the additionally squeezing question being asked today is the thing that that effect involves. The center objective is to investigate the arranged impacts of the period wherein we are living now on the worldwide and nearby societies of youthful people† as per Jacqueline Kennelly. The young have come to speak to both the ethical decrease of dissolving social texture and the expectation for another and inventive reaction to testing times where worldwide youth societies have reacted to that consolidates the cutoff points and potential outcomes of the contemporary time. There have been numerous laws that have caused kids and the adolescent to go into the market in manners they ought not. The ramifications of this circumstance is that youngsters are currently required to go internal to themselves and at times their families so as to react to huge vulnerabilities and hazard related with present day life. Youth considers seem to have expanded on how we have to speak to nearby youth personalities and social practices inside worldwide, transnational or worldwide settings. This test is rehashed across a wide range of sorts of study and worked through in an assortment ways. There is a repeating theme that will help youthful people’s personalities and lives today should or ought to be comprehended concerning worldwide marvels and structures and as far as how they can arrange and are framed in the convergence of nearby and worldwide settings. Individuals are starting to address about youth personalities today, one of the key issues is that youngsters don't understand the additions and misfortunes these adolescent are looking in the neighborhood and worldwide correlation. A considerable lot of these investigations have understood that young research looks at the effect of globalization on the adolescent experience and character and in different manners connects with the neighborhood and worldwide dualism as reasonable structures that have been concentrated consistently. These examinations show a greater amount of qualities than shortcomings because of the worldwide levels in center with the neighborhood, national and worldwide levels. The adolescent have been read for a long time which mean there is a great deal to more research about how globalization will influence the numerous worries today. Contemporary youth look into is led in the time of social globalization and this implies it can raise more ruckus to what is being considered. Globalization in youth is something hard to clarify yet it is anything but difficult to clarify when discussing the world in general. It shows that adolescent do bigly affect the world since they are figuring out how to set a model for when they grow up to show that they can make changes as their good examples have. Scholastic youth and culture have been for quite some time comprehended as indistinguishable and firmly identified with each other since training is significant on the off chance that they need to have great paying professions. The vast majority of this data depends on the ethnic culture since we have various sorts it is difficult to tell which ones will be fruitful and who will be the troublemakers. The setting of globalization forms understanding and the protection of ethnic self-character has become significant incentive hence our childhood needs to comprehend that the way of life is not the same as what it was a couple of years back in light of the fact that young are utilizing more innovation and appear to find out about circumstances before the grown-ups will in general know. As Sam George states â€Å" Young individuals have a cooperative relationship with globalization that quickens its impact in their lives†, and studies have indicated that individuals have been precluded the presence from claiming globalization of culture. As clarified it is broadly concurred that there is nothing of the sort as worldwide culture, however it has not been made sense of and it difficult to clarify since youth and globalization have various angles. It is hard to recognize among worldwide and neighborhood impacts between the spatial impacts of globalization in our regular day to day existences. This is an extraordinary issue that should be routed to the point that the young social spaces that have been insusceptible to social imbalances. As clarified in huge numbers of these articles we see that adolescent have made new social and social spaces in the worldwide and neighborhood networks that experience issues with race, class and sexual orientation everywhere throughout the world. I think youth need to have more center in light of the fact that ordinarily in the news something is going on with youngsters stumbling into difficulty or kicking the bucket for obscure reasons. For example, getting went for wearing a hoodie or consuming obscure medications that influence them by staying nearby terrible impacts this is a case of how youth culture By mapping and alarming how these systems work in late research about youth and globalization, Kennelly â€Å"asks how specialists decipher that speak to evident changes in their lives. † Education likewise assumes a significant job in the adolescent culture on the grounds that the training frameworks are sorted out broadly and there has been doubt that globalization has been on the ascent in these networks as indicated by Julie McLeod. Worldwide or transnational changes don't just occur in worldwide either and can show specifically places and times. As Kenneth Hultqvist (2003) contends while there â€Å" is not much or general per se,† globalizing patterns and thoughts are made â€Å"global by being embedded and made an interpretation of and set to take a shot at different nearby (national) contexts†. There have been numerous examinations that can be utilized and be comprehended about numerous thoughts and realities about youngsters in today’s society. It likewise includes taking a gander at nearby interpretations and not just of worldwide talks in the financial prepared and how it impacts the experience of youngsters. The word â€Å"Globalization† has been generally utilized over the most recent ten years of the only remaining century particularly after the breakdown of the Soviet Union. Globalization showed up obviously in a period somewhat more than ten years and was situated in the USA after the breakdown of the communist coalition . Along these lines globalization moved in fast jumps skipping time stages particularly after the Information and correspondence transformation, the arm race, the unipolar authority over underdeveloped nations and nations of the past communist coalition . Globalization was presented toward the start as a modernizing perspective that achieves changes in the logical square. Globalization was presented toward the start as a modernizing angle that realizes changes in the logical, much the same as social and political fields that targets connecting monetary and mechanical progression partner things to set up another worldwide human advancement that is in light of a legitimate concern for the worldwide focus that produces innovation and leads the wonders of the progression of products, administrations, development and different things winning in western nations, particularly America , to different nations and underdeveloped nations specifically. What's more, we accept that globalization particularly social globalization has various effects in light of the fact that from the outset, the idea of globalization requires the unification of thoughts, qualities and perspectives among various people groups of the world as a methods giving a wide territory of common comprehension and bringing individuals closer and making sure about world harmony and these are on the whole objectives worth regard and gratefulness . This activated more requests about globalization; its temperament, realities, dreams, points of interest, impediments and how to manage it. As indicated by Nadine Dolby and Fazal Rizvi (2008), â€Å"consider the various structures and increase of youth portability physical, imagined,virtual,desired,enforced-across both neighborhood and worldwide spaces. † People in various areas are up to speed in the ceaseless flow of worldwide culture, through a wide range of media, motion pictures and the web; this is has as of late changed since the conditions that youngsters occupy are unique in relation to the past. Youngsters are influenced by the nearby and worldwide dynamic is spoken to as a piece of how they become present day and it not so much comprehended in social or political shapes the youthful people groups every day lives. There is a reality that globalization speaks to the neighborhood as followed up on, as frail even with worldwide powers and it is contended that force isn't limited to the worldwide. As clarified by Jacqueline Kennelly not settling potential discussions and contends that a significant and productive heading for youth studies can be found in more truly enhanced ways to deal with examining â€Å"young individuals today†. As talked about in a considerable lot of these articles about youth culture has given me a superior point of view of how that are existent all through the world. The idea is that the late present day state of globalization is impacted by such powers that are being met by intensely globalizing powers. Numerous examination has been done all through the world with monetary, scholastic and different assets has been fundamental on the grounds that there has been worldwide, political and social powers causing all the youngsters from being special like different nations. Youngsters are at the very heart of this unfurling worldwide monetary and social request. Likewise to recognize the impacts of national area with all the nearby and worldwide relations with the contemporary youth has made numerous issues and needs be changed immediately without it turning into a significant issue. Numerous conversations have been done about youth culture in various nations since certain individuals might need to comprehend what is new with youth particularly in worldwide networks since we can't be near them.

A Lot Can Happen in 365 Days

A Lot Can Happen in 365 Days When I was a kid, I always imagined my future as a certain genius billionaire playboy philanthropist. But kid me didnt worry too much about making any of that happen because it was something that future me would handle. Now, I realize that these are the days when we become the kind of person were going to be for the next stage of our lives. I felt like I wasnt getting out of campus enough. I knew I wanted to start a company, but I didnt know what venture capital was or what the startup landscape looked like. For 2016, I wanted to really push for change. I decided I wanted to put myself out there and meet as many people and expose myself to as many opportunities as possible. I switched to the free food diet, where I would get most of my meals from networking events with free food (a well-balanced diet if you know where to look). I used the money that I saved to travel and pursue my goal of getting myself out there. Within the past year, I flew to North Carolina on a propeller plane for a Phi Kappa Sigma conference and spent a week getting to know my fraternity brothers from other colleges across the country. Within the past year, I entered the startup accelerator StartMIT with my roommate. I got to have lunch with famous people without knowing they were famous, like Robert Metcalfe, who co-invented Ethernet and formulated Metcalfes Law. Our idea ended up failing, but it was still my first real foray into entrepreneurship. Within the past year, I started going out to more events. First the Harvard Career Fair, then the MIT Virtual Reality Conference, then the Artificial Intelligence Conference, then smaller panels, talks and hackathons. Then TechCrunch Disrupt, the Intercollegiate Pitch Off, Next Gen Summit, TEDxBeaconStreet, and the Forbes 30 Under 30 Summit. Some I snuck into because I couldnt afford $2,000 tickets, some I got a press badge for, and some I got invited to. I had no idea any of these existed last year. Within the past year, I joined the MIT $100K Competition as an organizer. Together, we grew the competition to provide more startups with the capital and mentorship they need to succeed and focused on getting the entire MIT community involved. At our grand finale in May, our CFO Sang-Hyuk Kwon snapped this amazing photo. Within the past year, I got to go to both MITs Yule Ball and Wellesleys Yule Ball without knowing why they were called Yule Balls. Why are they called Yule Balls? (kidding, I know why) Within the past year, StartMIT took a group of us MIT student entrepreneurs to San Francisco during spring break. It was my first time on the West Coast. We also went to Silicon Valley and visited Facebook, Andreesen Horowitz, Sand Hill Road, and more. Within the past year, I demoed the Makey Makey on stage in front of hundreds of kids during Super Science Saturday. I forgot the USB cable to plug the device into the computer. It was extremely embarrassing, but I didnt break my composure and the kids still enjoyed the presentation. Within the past year, my friends and I snuck into a Steve Aoki concert, and I high-fived Steve Aoki after he threw a birthday cake at my face. Ive been going to concerts nonstop since. We saw Lady Gaga and Lenny Kravitz live at the DNC after a governor in a hotel lobby gave us tickets to the show.  We also saw Jason Derulo perform at the Forbes Under 30 Summit.   Within the past year, my second little brother graduated middle school and my littlest brother graduated elementary school. Within the past year, my brothers and I traveled to Costa Rica as a vacation and to be with our grandparents. While there, we visited Ad Astra Rocket Company, started by Costa Rican and MIT alum Franklin Chang-Diaz. He was one of my inspirations for wanting to go to MIT.   Within the past year, two of my friends and I traveled to Philly to give a talk to a high school entrepreneurship program called Endevvr about crowdfunding. We met one of the organizers at the Next Gen Summit and he loved our crowdfunding campaign where we raised money to feed the homeless the week before Thanksgiving. Within the past year, I volunteered for a freshman pre-orientation program to acquaint the incoming MIT freshmen with entrepreneurship resources. I shared with them everything that I learned so far. Within the past year, I celebrated my 21st birthday with birthday parties in four different states. Friday in Philly, Monday in New York, Tuesday in New Jersey, and Friday again in Boston. Within the past year, my family got a pug (my first dog!). He thinks Im a stranger who only comes during the holidays. When I visit, he protects my family from me. He wears a coat when its cold. Within the past year, my friends and I have started hosting our own entrepreneurship events around Boston. Weve thrown dinners, networking events, and even conference after-parties to bring people together for good conversations Within the past year, we gained 14 awesome new brothers for our fraternity. Ive had a blast having them around and I wish I could stay longer.   Within the past year, Ive met so many new friends. A lot of ups, but Within the past year, I switched my major from electrical engineering and computer science to just computer science to management back to computer science then back to management. I filled out and signed the transfer papers each time. Within the past year, it got a lot harder to balance class work with being out there doing these kinds of projects. But I continue persevering. Ive never got a grade as high as a B during MIT. But after studying for the whole week, I finally got my first B on an MIT final. Within the past year, I was rejected from my dream job and now must rethink what I want to do after graduating. But I have some of the best mentors to guide me, like professors from the Media Lab, MIT alumni who have started their own companies, and the staff in the Course 15 department. 2016 flew by, but when you break it down month by month, it really stretches out the year.  I took a trip down memory lane and reflected on what Ive done. Suddenly it feels like 2016 was a lifetime. Not everything went my way. I did have a lot of hardships in both the school of MIT and the school of life. But I never stopped moving forward. Thats how winning is done (paraphrasing Rocky). Id like to leave you with my new favorite quote and mantra for 2017. It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat. Theodore Roosevelt All right, thats enough of this year. Time for another one. Post Tagged #FPOP #fraternities #MIT $100K Competition #Phi Kappa Sigma #Skullhouse

A Lot Can Happen in 365 Days

A Lot Can Happen in 365 Days When I was a kid, I always imagined my future as a certain genius billionaire playboy philanthropist. But kid me didnt worry too much about making any of that happen because it was something that future me would handle. Now, I realize that these are the days when we become the kind of person were going to be for the next stage of our lives. I felt like I wasnt getting out of campus enough. I knew I wanted to start a company, but I didnt know what venture capital was or what the startup landscape looked like. For 2016, I wanted to really push for change. I decided I wanted to put myself out there and meet as many people and expose myself to as many opportunities as possible. I switched to the free food diet, where I would get most of my meals from networking events with free food (a well-balanced diet if you know where to look). I used the money that I saved to travel and pursue my goal of getting myself out there. Within the past year, I flew to North Carolina on a propeller plane for a Phi Kappa Sigma conference and spent a week getting to know my fraternity brothers from other colleges across the country. Within the past year, I entered the startup accelerator StartMIT with my roommate. I got to have lunch with famous people without knowing they were famous, like Robert Metcalfe, who co-invented Ethernet and formulated Metcalfes Law. Our idea ended up failing, but it was still my first real foray into entrepreneurship. Within the past year, I started going out to more events. First the Harvard Career Fair, then the MIT Virtual Reality Conference, then the Artificial Intelligence Conference, then smaller panels, talks and hackathons. Then TechCrunch Disrupt, the Intercollegiate Pitch Off, Next Gen Summit, TEDxBeaconStreet, and the Forbes 30 Under 30 Summit. Some I snuck into because I couldnt afford $2,000 tickets, some I got a press badge for, and some I got invited to. I had no idea any of these existed last year. Within the past year, I joined the MIT $100K Competition as an organizer. Together, we grew the competition to provide more startups with the capital and mentorship they need to succeed and focused on getting the entire MIT community involved. At our grand finale in May, our CFO Sang-Hyuk Kwon snapped this amazing photo. Within the past year, I got to go to both MITs Yule Ball and Wellesleys Yule Ball without knowing why they were called Yule Balls. Why are they called Yule Balls? (kidding, I know why) Within the past year, StartMIT took a group of us MIT student entrepreneurs to San Francisco during spring break. It was my first time on the West Coast. We also went to Silicon Valley and visited Facebook, Andreesen Horowitz, Sand Hill Road, and more. Within the past year, I demoed the Makey Makey on stage in front of hundreds of kids during Super Science Saturday. I forgot the USB cable to plug the device into the computer. It was extremely embarrassing, but I didnt break my composure and the kids still enjoyed the presentation. Within the past year, my friends and I snuck into a Steve Aoki concert, and I high-fived Steve Aoki after he threw a birthday cake at my face. Ive been going to concerts nonstop since. We saw Lady Gaga and Lenny Kravitz live at the DNC after a governor in a hotel lobby gave us tickets to the show.  We also saw Jason Derulo perform at the Forbes Under 30 Summit.   Within the past year, my second little brother graduated middle school and my littlest brother graduated elementary school. Within the past year, my brothers and I traveled to Costa Rica as a vacation and to be with our grandparents. While there, we visited Ad Astra Rocket Company, started by Costa Rican and MIT alum Franklin Chang-Diaz. He was one of my inspirations for wanting to go to MIT.   Within the past year, two of my friends and I traveled to Philly to give a talk to a high school entrepreneurship program called Endevvr about crowdfunding. We met one of the organizers at the Next Gen Summit and he loved our crowdfunding campaign where we raised money to feed the homeless the week before Thanksgiving. Within the past year, I volunteered for a freshman pre-orientation program to acquaint the incoming MIT freshmen with entrepreneurship resources. I shared with them everything that I learned so far. Within the past year, I celebrated my 21st birthday with birthday parties in four different states. Friday in Philly, Monday in New York, Tuesday in New Jersey, and Friday again in Boston. Within the past year, my family got a pug (my first dog!). He thinks Im a stranger who only comes during the holidays. When I visit, he protects my family from me. He wears a coat when its cold. Within the past year, my friends and I have started hosting our own entrepreneurship events around Boston. Weve thrown dinners, networking events, and even conference after-parties to bring people together for good conversations Within the past year, we gained 14 awesome new brothers for our fraternity. Ive had a blast having them around and I wish I could stay longer.   Within the past year, Ive met so many new friends. A lot of ups, but Within the past year, I switched my major from electrical engineering and computer science to just computer science to management back to computer science then back to management. I filled out and signed the transfer papers each time. Within the past year, it got a lot harder to balance class work with being out there doing these kinds of projects. But I continue persevering. Ive never got a grade as high as a B during MIT. But after studying for the whole week, I finally got my first B on an MIT final. Within the past year, I was rejected from my dream job and now must rethink what I want to do after graduating. But I have some of the best mentors to guide me, like professors from the Media Lab, MIT alumni who have started their own companies, and the staff in the Course 15 department. 2016 flew by, but when you break it down month by month, it really stretches out the year.  I took a trip down memory lane and reflected on what Ive done. Suddenly it feels like 2016 was a lifetime. Not everything went my way. I did have a lot of hardships in both the school of MIT and the school of life. But I never stopped moving forward. Thats how winning is done (paraphrasing Rocky). Id like to leave you with my new favorite quote and mantra for 2017. It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat. Theodore Roosevelt All right, thats enough of this year. Time for another one. Post Tagged #FPOP #fraternities #MIT $100K Competition #Phi Kappa Sigma #Skullhouse

A Study On Financial Performance Example For Free - Free Essay Example

Kennedy and Muller, has explained that The analysis and interpretation of financial statements are an attempt to determine the significance and meaning of financial statements data so that the forecast may be made of the prospects for future earnings, ability to pay interest and debt maturines (both current and long term) and profitability and sound dividend policy. T.S.Reddy and Y. Hari Prasad Reddy (2009), have stated that The statement disclosing status of investments is known as balance sheet and the statement showing the result is known as profit and loss account. Peeler J. Patsula (2006), he define that a sound business analysis tells others a lot about good sense and understanding of the difficulties that a company will face. We have to make sure that people know exactly how we arrived to the final financial positions. We have to show the calculation but we have to avoid anything that is too mathematical. A business performance analysis indicates the further growth and the expansion. It gives a physiological advantage to the employees and also a planning advantage. I.M.Pandey (2007), had stated that the financial statements contain information about the financial consequences and sources and uses of financial resources, one should be able to say whether the financial condition of a firm is good or bad; whether it is improving or deteriorating. One can relate the financial variables given in financial statements in a meaningful way which will suggest the actions which one may have to initiate to improve the firms financial condition. Jae K.Shim Joel G.Siegel (1999), had explained that the financial statement of an enterprise present the raw data of its assets, liabilities and equities in the balance sheet and its revenue and expenses in the income statement. Without subjecting these to data analysis, many fallacious conclusions might be drawn concerning the financial condition of the enterprise. Financial statement analysis is undertaken by creditors, investors and other financial statement users in order to determine the credit worthiness and earning potential of an entity. Susan Ward (2008), emphasis that financial analysis using ratios between key values help investors cope with the massive amount of numbers in company financial statements. For example, they can compute the percentage of net profit a company is generating on the funds it has deployed. All other things remaining the same, a company that earns a higher percentage of profit compared to other companies is a better investment option. Jonas Elmerraji (2005), tries to say that ratios can be an invaluable tool for making an investment decision. Even so, many new investors would rather leave their decisions to fate than 17 try to deal with the intimidation of financial ratios. The truth is that ratios arent that intimidating, even if you dont have a degree in business or finance. Using ratios to make informed decisions about an investment makes a lot of sense, once you know how use them. Chidambaram Rameshkumar Dr. N. Anbumani (2006), he argue that Ratio Analysis enables the business owner/manager to spot trends in a business and to compare its performance 16 and condition with the average performance of similar businesses in the same industry. To do this compare your ratios with the average of businesses similar to yours and compare your own ratios for several successive years, watching especially for any unfavorable trends that may be starting. Ratio analysis may provide the all-important early warning indications that allow you to solve your business problems before your business is destroyed by them. M Y Khan P K Jain (2011), have explained that the financial statements provide a summarized view of the financial position and operations of a firm. Therefore, much can be learnt about a firm from a careful examination of its financial statements as invaluable documents / performance reports. The analysis of financial statements is, thus, an important aid to financial analysis. Elizabeth Duncan and Elliott (2004), had stated that the paper in the title of efficiency, customer service and financing performance among Australian financial institutions showed that all financial performance measures as interest margin, return on assets, and capital adequacy are positively correlated with customer service quality scores. Carlos Correia (2007), had explained that any analysis of the firm, whether by management, investors, or other interested parties, must include an examination of the compan ys financial data. The most obvious and readily available source of this information is the firms annual report. The financial statements shall, in conformity with generally accepted accounting practice, fairly present the state of the affairs of the company and the results of operations for the financial year. Greninger et al. (1996), identified and refined financial ratios using a Delphi study in the areas of liquidity, savings, asset allocation, inflation protection, tax burden, housing expenses and, insolvency. Based on the Delphi findings, they proposed a profile of financial well-being for the typical family and individual. Rachchh Minaxi A (2011), have suggested that the financial statement analysis involves analyzing the financial statements to extract information that can facilitate decision making. It is the process of evaluating the relationship between component parts of the financial statements to obtain a better understanding of an entitys position and performanc e. Salmi, T. and T. Martikainen (1994), in his A review of the theoretical and empirical basis of financial ratio analysis, has suggested that A systematic framework of financial statement analysis along with the observed separate research trends might be useful for furthering the development of research. If the research results in financial ratio analysis are to be useful for the decision makers, the results must be theoretically consistent and empirically generalizable. John J.Wild, K.R.Subramanyam Robert F.Halsey (2006), have said that the financial statement analysis is the application of analytical tools and techniques to general-purpose financial statements and related data to derive estimates and inferences useful in business analysis. Financial statement analysis reduces reliance on hunches, guesses, and intuition for business decisions. It decreases the uncertainty of business analysis. Introduction 2.1 Financial Analysis The term analysis is methodical classification of data given in the financial statements. Financial analysis is the process of identifying the financial strength and weakness of tiles Finn by property establishing relationship between the item of balance sheet profit loss account. Financial analysis can be undertaken by the firm or by outside parties, firms owner, creditors, investors and other. Actually the nature of analysis depends upon the parties. According to Finney and Miller Financial analysis consists in separating facts according to some definite plan, arranging them in groups according to certain circumstances, and then presenting them in a convenient and easily read and understandable form. According to John N. Myres Financial statement analysis is largely a study of relationship among the various financial factors in a business, as disclosed by a single set of statements and a study of the trends of these factors, as shown in a series of statements. 2.2 Financial Statement A financial statement is an organized collection of data according to logical and consistent accounting procedures. Its purpose is to convey an understanding of some financial aspects of a business firm. It may show a position at a moment of time as in the case of a balance sheet, or may reveal a series of activities over a given period of time, as in the case of an income statement. Thus, the term financial statement generally refers to the basis statements; Balance sheet Income statement Cash flow statement Statement of change in equity Notes, comprising of a summary of significant accounting policies and other explanatory notes 2.2.1 Balance sheet The balance sheet is also called the statement of financial position. This statement accounted for the assets which the company controls and the ways these assets are financed. The balance sheet is based on the accounting equation: Assets= Liabilities + Equity 2.2.2 Income statement An income statement is also known as the statement of earnings. This statement measures the financial performance of a firm and indicates the flow of sales, expenses and earnings for a given period. 2.2.3 Cash flow statement This statement reports on the cash receipt and cash paid that is the cash inflow and outflow separately for operating, investing and financing activities. Similarly, only actual cash inflows and outflows from cash items is reported in the statement. 2.2.4 Statement of change in equity This statement is useful as it reports the changes in equity during a company financial year. The statement gives a detail of the balance at the beginning and explained the changes that occurred during the year. 2.2.5 Notes Here information concerning the preparation and the specific accounting policies adopted in the financial statement are provided. Therefore it provides additional information which does not appear in the financial statement but is important for a fair presentation. 2.3 Users of financial statements Financial statements are used by a diverse group of parties, both inside and outside a business. Generally, these users are: Internal Users: are owners, managers, employees and other parties who are directly connected with a company. Owners and managers require financial statements to make important business decisions that affect its continued operations. Financial analysis are then performed on these statements to provide management with a more detailed understanding of the figures. These statements are also used as part of managements report to its stockholders, as it form part of its Annual Report. Employees also need these reports in making collective bargaining agreements (CBA) with the management, in the case of labor unions or for individuals in discussing their compensation, promotion and rankings. External Users: are potential investors, banks, government agencies and other parties who are outside the business but need financial information about the business f or a diverse number of reasons. Prospective investors make use of financial statements to assess the viability of investing in a business. Financial analysis are often used by investors and is prepared by professionals (Financial Analysts), thus providing them with the basis in making investment decisions. Financial institutions (banks and other lending companies) use them to decide whether to grant a company with fresh working capital or extend debt securities (such as a long-term bank loan or debentures) to finance expansion and other significant expenditures. Government entities (Tax Authorities) need financial statements to ascertain the propriety and accuracy of taxes and other duties declared and paid by a company. Media and the general public are also interested in financial statements for a variety of reasons 2.4 Purpose of financial analysis The purpose of analysis of financial statements depends upon the need of a person who analysis these statements. These needs may be:- To know the earning capacity or profitability. To know the solvency. To know the financial strength. To make comparative study with other firms. To know the capability of payment of interest dividend. To know the trend of business. 2.5 Significance or importance of financial analysis Significance for Managers;- Planning and Control are the two most important ingredients to a Successful Business. A Business Plan takes most of the guess work out of Business Strategy and Control through solid financial analysis. Financial Data provides a way to gauge where you are in your Strategic Plan, telling you where changes in your Plan are necessary. Because of this, Financial Data Analysis and Management are vitally important to running a successful business. Significance for Investors:- Investors are generally considered one of the primary users of financial statements. They use the financial statements to determine the current profitability of the firm and attempt to predict its future profitability. Their interest is in the future growth of a companys stock price and/or the likelihood of the company paying dividends to the owner. Significance for Creditors:- In the ongoing relationship between suppliers and a firms financial statement can play several roles consider the relationship between a firm and the suppliers to its loan capital. e.g a bank in the initial loan granting stage of the relationship, financial statement typically are an important items. Significance for regulatory agency:- The demand by these bodies can arise in diverse set of areas such as revenue raising e.g for income tax, sales tax, value added tax collection. Govt. intervention e.g determines whether to provide a govt. backed loan agreement to a financially distressed firm. Significance for Employees:- They are the part of the organization and feel that their effort contributed to the firm profit they would there for prefers to give bonuses and salary increase this also increase expenses of the firm. Significance for others parties:- The set of party that demand for financial analysis information of corporation is open ended. Diverse party such as academic, environmental protection organization, and other special interest lobbying groups approach cooperation for detail relating to their financial and other affairs. Significance for Government :- Various ministries and department have interest in the firms payments of taxes. Also sees the enactment of law for the industry and the provision of social service to the public. The govt. may also want to ensure that the firm complies with the law on for example wages payments and employees benefit. 2.6 Types of Financial Analysis Different types of financial statements analysis can be made on the basis of: According to the nature of the analyst and the material used by him. On this basis, the financial analysis can be external and internal analysis: External Analysis: It is made by those persons who are not connected with the enterprise. They do not have access to the enterprise. They do not have access to the detailed record of the company and have to depend mostly on published Statements. Such type of analysis is made by investors, credit agencies, governmental agencies and research scholars. Internal Analysis: The internal analysis is made by those persons who have access to the books of accounts. They are members of the organization. Analysis of financial statements or other financial data for managerial purpose is the internal type of analysis. The internal analyst can give more reliable result than the external analyst because every type of information is at his disposal. According to the objectives of the analysis. On this basis the analysis can be long-term and short-term analysis. Long-term Analysis: This analysis is made in order to study the long-term financial stability, solvency and liquidity as well as profitability and earning capacity of a business concern. The purpose of making such type of analysis is to know whether in the long-run the concern will be able to earn a minimum amount which will be sufficient to maintain a reasonable rate of return on the investment so as to provide the funds required for modernization, growth and development of the business and to meet its costs of capital. Short-term Analysis: This is made to determine the short-term solvency, stability and liquidity as well as earning capacity of the business. The purpose of this analysis is to know whether in the short run a business concern will have adequate funds of readily available to meet its short-term requirements and sufficient borrowing capacity to meet contingencies in the near future. This analys is is made with reference to items of current assets and current liabilities (working capital analysis). According to the modus operandi of the analysis. On this basis, the analysis may be horizontal analysis and vertical analysis. Horizontal (or Dynamic) Analysis: This analysis is made to review and analyze financial statements of a number of years and, therefore, based on financial data taken from several years. This is very useful for long-term trend analysis and planning. Comparative financial statement is an example of this type of analysis. Vertical (or Static) Analysis: This analysis is made to review and analyze the financial statements of one particular year only. Ratio analysis of the financial year relating to a particular accounting year is an example of this type of analysis. 2.7 Techniques (devices or methods) of financial analysis The following techniques can be used in connection with analysis and interpretation of financial statements: 2.7.1 Comparative financial statements The comparative financial statements are statements of the financial position at different periods of time. The elements of financial position are shown in a comparative form so as to give an idea of financial position at two or more periods. The statements of two or more periods are prepared to show absolute data of two or more years, increases or decreases in absolute data in value and in terms of percentages. The two comparative statements are: Comparative Balance Sheet: the comparative balance sheet analysis is the study of the trend of the same items, group of items and computed items in two or more balance sheets of the same business enterprise on different dates. Comparative Income Statement: the comparative income statement gives the results of the operations of a business. It gives an idea of the progress of a business over a period of time. 2.7.2 Trend percentage analysis Trend analysis is an important tool of horizontal financial analysis. This analysis enables to know the changes in the financial function and operating efficiency between the time period chosen. By studying the trends of each item we can know the direction of changes and based upon the direction of changes, the opinions can be formed. These trend ratios may be compared with industry in order to know the strong or weak points of a concern. 2.7.3 Common size statement Common size financial statements are those in which figures reported are converted to some common base. Vertical analysis is required for an interpretation of underlying causes of changes over a period of time. For this, items in the financial statements are presented as percentages or ratios to total of the items and a common base for comparison is provided. Common size statements may be used for Common Size Balance Sheet: a statement in which balance sheet items are expressed as the ratio of each asset to total assets and the ratio of each liability is expressed as a ratio of total liabilities. Common Size Income Statement: the items in income statement can be shown as percentages of sales to show the relation of each item to sales. A significant relationship can be established. 2.7.4 Funds Flow Statement (or Analysis) This statement is prepared in order to reveal clearly the various sources where from the funds are procured to finance the activities of a business concern during the accounting period and also brings to highlight the uses to which these funds are put during the said period. 2.7.5 Cash Flow Statement (or Analysis) This statement is prepared to know clearly the various items of inflow and outflow of cash. It is an essential tool for short-term financial analysis and is very helpful in the evaluation of current liquidity of a business concern. It helps the business executives of a business in the efficient cash management and internal financial management. 2.7.6 Statement of Changes in Working Capital (Net Working Capital Analysis) This statement is prepared to know the net change in working capital of the business between two specified dates. It is prepared from current assets and current liabilities of the said dates to show the net increase or decrease in working capital. 2.7.7 Ratio Analysis It is done to develop meaningful relationship between individual items or group of items usually shown in the periodical financial statements published by the concern. An accounting ratio shows the relationship between the two inter-related accounting figures as gross profit to sales, current assets to current liabilities, loaned capital to owned capital etc. Ratios should not be calculated between the two unrelated figures as it will not serve any useful purpose. According to K. Shastry (1995), a powerful tool for assessments and evaluation of business enterprises is Financial Ratio Analysis. He defines financial ratio analysis as the systematic presentation of ratios, both from the internal and external financial reports, so as to summarize key relationships and results in order to appraise financial performance of the company. 2.7.8 Du Pont Analysis ROI indicates the efficiency of the concern which depends upon the working operations of the concern. Net Profit Ratio and Capital Turnover Ratio, as often called is usually computed on the basis of the chart represented by DU Pont. Thus it is known as DU Pont Chart. This system of control was applied for the first time by DU Pont Company of the United States of America. The DU Pont chart helps to the management to identify the areas of problems for the variations in the return on investment so that actions may initiated to improve the performance. The following chart can explain the ROI effect by a number of factors. Limitation of Financial Analysis Though analysis of financial statement is essential to obtain relevant information for making several decisions and formulating corporate plans and policies, it should be carefully performed as it suffers from a number of the following limitations: Mislead the users:- The accuracy of financial information largely depends on how accurately financial statements are prepared. If their preparation is wrong, the information obtained from their analysis will also be wrong which may mislead the user in making decisions. Not useful for planning:- Since financial statements are prepared by using historical financial data, therefore, the information derived from such statements may not be effective in corporate planning, if the previous situation does not prevail. Qualitative aspects:- Then financial statement analysis provides only quantitative information about the companys financial affairs. However, it fails to provide qualitative information such as management labor relation, customers satisfaction, and management skills and so on which are also equally important for decision making. Comparison not possible:- The financial statements are based on historical data. Therefore comparative analysis of financial statements of different years cannot be done as inflation distorts the view presented by the statements of different years. Wrong judgement:- The skills used in the analysis without adequate knowledge of the subject matter may lead to negative direction. Similarly, biased attitude of the analyst may also lead to wrong judgement and conclusion. Not helpful in price fixation:- In financial accounting the cost is not available as an aid in determining prices of the product services production order and product line. Not control on cost:- It does not provide for a proper control of materials and suppliers, wages. Labors and overheads. No analysis of losses:- It does not provided the complete analysis of losses due to defective material, idle time, plant and equipment. In other words no distinction is made between avoidable and unavoidable wastage.