Organizational Structure and Culture of Rolls Royce Essay

Organizational Structure and Culture of Rolls Royce Rolls Royce is a technology and global leader. They employ 35,200 people and operate in 48 countries. Headquarter is based in England UK. Large manufacturing plants are located in American, Singapore and China. A hierarchical structure is used to manage the company. As a giant company, they choose hierarchical structure to manage the company. It is a traditional and effective structure for Rolls Royce to supervise and develop the business. The Group managed by detailed systems and procedures due to the large turnover. Their annual turnover is  £5645 million. And the group enjoys 25 percentage of the engine market in the world. The Group supplies all the major engine†¦show more content†¦A number of functions are divided in the group such as: HR function, research and develop function, financial function etc. and the role culture in Rolls Royce are emphasis on rules, routine and procedure and job tends to be more important than the person. It reliance on rules and procedures. The Company requires the directors to prepare financial statements for each financial year, which give a true and fair view of profile and loss in their divisions. The directors are responsible for preparing the annual report and the directorsÂ’ Remuneration report. Tasks are clearly defined They set up task clearly in order to fulfil quality of the engines. Rolls-Royce establish working processes which ensure that they understand our customersÂ’ needs and that then design, produce, deliver and support their products and services to customers. The product department’s task is to - Halve the rate of customer incidents every 3 years. - Halve the production cost from all business processes every 3 years. - Ten times ensure the products are not defected before delivery. - Increase the productivity and enhance the quality. A clear chain of command The chairman gives a new issue to the executive director to improve the efficiency of the engine. It is not only to improve the quality of the engine but also not to damage the environment. And the executive manager set a target forShow MoreRelatedThe Organizational Context: Strategy, Structure, and Culture3237 Words   |  13 PagesRESOURCE MANUAL CHAPTER TWO The Organizational Context: Strategy, Structure, and Culture To Accompany PROJECT MANAGEMENT: Achieving Competitive Advantage By Jeffrey K. Pinto CHAPTER TWO PROJECT PROFILE: Project Management Improves Lenovo’s Bottom Line INTRODUCTION 2.1 PROJECTS AND ORGANIZATIONAL STRATEGY 2.2 STAKEHOLDER MANAGEMENT Identifying Project Stakeholders Managing Stakeholders 2.3 ORGANIZATIONAL STRUCTURE 2.4 FORMS OF ORGANIZATION STRUCTURE Functional Organizations ProjectRead MoreHow Uk Manufacturers Can Effectively Create And Capture Value2560 Words   |  11 Pagesorganizations’ operating system, however, we can summarize 5 core lean principles to help build up a reasonable lean operating system: value, value stream, flow, pull, and perfection. 1. Value: 1.1 Customers define the value of products. In the value structure of products, such as the price of the product is too much higher than the customer’s affordability, even though the function of the product can meet the requirements, such product are often abandoned. Although the auxiliary functionalities of otherRead MoreSAP Implementation Cost Benefit Analysis Essay10632 Words   |  43 Pageschanging business world, five and even ten year projects are not supportable. 1.1.8 Overly hierarchical organizations ERP systems presume that information will be centrally monitored and that organizations have a well-defined hierarchical structure. Therefore, these systems will not match with organizations of empowerment or with employees as free agents 1.2 Major Vendors 1.2.1 - SAP SAP AG, headquartered in Walldorf, Germany was the first company which introduced a functional enterpriseRead MoreFactors That Have Been Used By Managers2556 Words   |  11 Pagesenvironment. However that is not necessarily the case as there are many examples of mainstream approach that has been criticised for not taking into account how environments can also constrain individuals and organisations. Mainstream approach such as organizational ecology and institutional theory is argued for not considering on how environments are also one of the factors that constrain individual and organisations which are also known as task environment. Task environment is the external environment ofRead MoreCadillacs Marketing and Business Strategy1685 Words   |  7 Pagescompany has distanced Cadillac from itself. That is a brilliant move in retaining the high class consumer. Along with that the company must now begin promoting aggressively the Cadillac as a separate entity and thus Cadillac can take the place of Rolls Royce. As of now Cadillac, is not associated with GM. The consumers must think about luxury. Cadillac has always been treated as an exclusive club, Kelly Rossman-McKinney, of the Rossman Group, is reported to have said. (Edmonds, 2010) This new strategyRead MoreCase Study : Boeing : The Boeing Company Essay5714 Words   |  23 Pages†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 1 Company’s culture(Tori)†¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 1 SWOT Analysis (Lauren)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 1 Strengths (Lauren)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 1 Weaknesses (Lauren)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 1 Opportunities (Lauren)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 1 Threats (Lauren).†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 1 Strategic Management (Carlos)...................................................................................Page 1 Organization Structure (Carlos)..................Read MorePrinciple Practice of Management - Case Studies3013 Words   |  13 PagesGlobal or Not? Deciding which markets to enter Deciding how to enter the market Deciding on the global marketing program Deciding on the global marketing organization Mr. Durant need to identifies the developing countries where hyper malls structure has just began and then need to check whether their government rules and regulations pertaining to retail hyper malls. After deciding the country, Mr. Durant need to check the demand supply gap in that market and try to reduce the supply chain gapRead MoreManual Of HND Marketing Planning Fina14769 Words   |  60 Pagesfacilitate optimal functioning. The whole, in other words, is greater than the sum of its parts HND Business- Unit Manual- Unit 14- Working with and Leading People 2. the combination of organisational processes, technology and systems, structures, leadership and culture and governance that enable organisational capability Once an organisation has successfully indentified its capabilities, the next thing is to set future realistic objectives as seen in question 2 above (Where do we want to be in theRead MoreCase Study : The B W2744 Words   |  11 Pagesmaterials make up over 50% of the aircraft primary structure which includes the wings and fuselage. Use of these materials resulted in a dramatic weight reduction when compared to the aluminum and titanium alloys typically used in these configurations. This weight reduction plays a major part in the increased efficiency experienced with this aircraft. In addition to the light weight structure, the new engines developed by General Electric and Rolls Royce are also big contributors to the efficiency asRead MoreInternational Car Buying Behaviour7179 Words   |  29 Pagespurchasing power (or over-purchasing power in this sense). For example, most buyers (with high, medium, or low income) tend to have a preferable attitude towards some manufacturers’ luxury cars such as Aston Martin, Bentley, Ferrari, Porsche, and Rolls-Royce, though the majority of them might not even have had a test drive before. The difference is that customers with low to medium income may still also anticipate the quality of smaller sized cars of manufacturers from the lower segments such as Fiat

UNC Asheville Acceptance Rate, SAT/ACT Scores, GPA

The University of North Carolina Asheville is a public liberal arts college with an acceptance rate of 82%. As the designated  liberal arts college  of the University of North Carolina system, UNC Ashevilles focus is almost entirely on undergraduate education, so students can expect more interaction with the faculty than at many large state universities. In athletics, the UNC Asheville Bulldogs compete in the NCAA Division I  Big South Conference. Considering applying to UNC Asheville? Here are the admissions statistics you should know, including average SAT/ACT scores and GPAs of admitted students. Acceptance Rate During the 2017-18 admissions cycle, UNC Asheville had an acceptance rate of 82%. This means that for every 100 students who applied, 82 students were admitted, making UNC Ashevilles admissions process somewhat competitive. Admissions Statistics (2017-18) Number of Applicants 3,163 Percent Admitted 82% Percent Admitted Who Enrolled (Yield) 30% SAT Scores and Requirements UNC Asheville requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 65% of admitted students submitted SAT scores. SAT Range (Admitted Students) Section 25th Percentile 75th Percentile ERW 540 640 Math 520 610 ERW=Evidence-Based Reading and Writing This admissions data tells us that most of UNC Ashevilles admitted students fall within the top 35% nationally on the SAT. For the evidence-based reading and writing section, 50% of students admitted to UNC Asheville scored between 540 and 640, while 25% scored below 540 and 25% scored above 640. On the math section, 50% of admitted students scored between 520 and 610, while 25% scored below 520 and 25% scored above 610. Applicants with a composite SAT score of 1250 or higher will have particularly competitive chances at UNC Asheville. Requirements UNC Asheville does not require the SAT writing section. Note that UNCA participates in the scorechoice program, which means that the admissions office will consider your highest score from each individual section across all SAT test dates. ACT Scores and Requirements UNC Asheville requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 61% of admitted students submitted ACT scores. ACT Range (Admitted Students) Section 25th Percentile 75th Percentile English 21 28 Math 19 26 Composite 21 28 This admissions data tells us that most of UNC Ashevilles admitted students fall within the top 42% nationally on the ACT. The middle 50% of students admitted to UNC Asheville received a composite ACT score between 21 and 28, while 25% scored above 28 and 25% scored below 21. Requirements UNC Asheville does not require the ACT writing section. Unlike many universities, UNCA superscores ACT results; your highest subscores from multiple ACT sittings will be considered. GPA In 2018, the average high school GPA of UNC Ashevilles incoming freshmen class was 3.37, and over 60% of the class had GPAs of 3.25 and above. This information suggests that most successful applicants to UNC Asheville have primarily B grades. Self-Reported GPA/SAT/ACT Graph UNC Asheville Applicants Self-Reported GPA/SAT/ACT Graph. Data courtesy of Cappex. The admissions data in the graph is self-reported by applicants to University of North Carolina Asheville. GPAs are unweighted. Find out how you compare to accepted students, see the real-time graph, and calculate your chances of getting in  with a free Cappex account. Admissions Chances UNC Asheville, which accepts over three-quarters of applicants, has a somewhat selective admissions process. If your SAT/ACT scores and GPA fall within the schools average ranges, you have a strong chance of being accepted. Keep in mind, however, that UNC Asheville has a holistic admissions process involving other factors beyond your grades and test scores. A strong application essay and glowing letters of recommendation can strengthen your application, as can participation in meaningful extracurricular activities and a rigorous course schedule. Students with particularly compelling stories or achievements can still receive serious consideration even if their grades and test scores are outside UNC Ashevilles average range. In the graph above, the green and blue dots represent accepted students. As you can see, the majority of accepted students had a GPA of B or higher, an SAT score (ERWM) above 1100, and an ACT composite score of 23 or higher. Chances of admission improve with numbers above this lower range. If You Like UNC Asheville, You May Also Like These Schools Appalachian State UniversityNorth Carolina State UniversityElon UniversityWake Forest UniversityDuke UniversityHigh Point UniversityClemson UniversityFlorida State University All admissions data has been sourced from the National Center for Education Statistics and UNC Asheville Undergraduate Admissions Office.

Miscarriage of Justice Essay - 1824 Words

Arguably three of the most sensational criminal trials in American history are the Commonwealth vs. Borden, California vs. Simpson and Los Angeles vs. Rodney King. All three of these cases received unprecedented amounts of media attention and verdicts from the jury that shocked the country. In my opinion justice, especially social and moral justice, was not achieved in these trials. Social class, race and gender all had a huge impact on the jury’s decisions in each of these cases. High priced defense attorneys were able to place reasonable doubt in the minds of the jurors despite the substantial amount of evidence proving the seemingly obvious guilt of Borden, Simpson and the Los Angeles Police department. This paper will focus on these†¦show more content†¦She tried purchasing prussic acid the day before the murders, also her parents suffered from severe stomach sickness in the days before their untimely deaths. Relations between Lizzie and her stepmother were strain ed. There was a newly broken axe found in the basement of the home but fingerprinting was not allowed. Lizzie was known to have â€Å"funny spells† which caused her to act oddly and erratically. At the time of the murders she claimed to have been in the barn loft, which would have been stifling hot, looking for fishing lures she surely knew were not there but at their vacation home. A friend, Alice Russell, saw Lizzie burning a light blue dress that Lizzie claimed was old and covered in paint. She was, however, seen wearing a similar dress on the day of the murders. Based on all the above information, how is it possible that the jury deliberated for a mere hour and a half before returning with a not guilty verdict? Well, the highly skilled defense team used holes in the prosecution’s case to cast doubt in the minds of the jurors. Where, the defense asked, was the handle that supposedly broke off the axe, the alleged murder weapon? They also exploited the government’s timeline of events that occurred on that fateful day, which allowed just eight to thirteen minutes between Mr. Borden’s murder and Lizzie’s call to the maid Bridget Sullivan. Suggesting how difficult it would be to wash blood off one’s body, clothes, murder weapon andShow MoreRelatedEssay on miscarriages of justice1953 Words   |  8 Pagesthat one innocent sufferquot; summarises and highlights the mistakes and injustices in the criminal justice system. In a just society, the innocent would never be charged, nor convicted, and the guilty would al ways be caught and punished. Unfortunately, it seems this would be impossible to achieve due to the society in which we live. Therefore, miscarriages of justice occur in the criminal justice system more frequently than is publicised or known to the public at large. They are routine and wouldRead MoreMiscarriages of Justice1771 Words   |  8 Pagesâ€Å"It’s a general problem not specific to the law of the United Kingdom a criminal justice system characterized by an emphasis on crime control rather than due process will inevitably produce miscarriage of justice.† In an imaginary world the law would always give the correct results but in a real world it’s the other way. When they don’t which way do they tend to err? Which way do we want to err? We want the law to err on the side of acquitting guilty people rather than convictingRead MoreSteven Truscott: Miscarriage of Justice995 Words   |  4 Pagesï » ¿Courtney White Mrs. Schweitzer CLU 3M December 8 2013 Steven Truscott: Miscarriage of Justice â€Å"The only two people that know I am innocent, is myself and the killer.† Imagine being blamed for a crime you did not commit, and nobody would believe you no matter what you said. Steven Truscott had forty-two years of his life taken from him for being charged with a crime he did not commit. He was charged at only the age of fourteen for murdering and raping twelve year old Lynne Harper. He then becameRead MoreJustice And The Criminal Justice Part Of The Legal System1079 Words   |  5 PagesLAW3CJU CRIMINAL JUSTICE RESEARCH ASSIGNMENT Word count: XXXX Felix Ferris Student number: 17290893 Seminar details: Tuesday, 4pm – 5pm (Room: MAR 171), Pascale Chifflet I. Introduction Miscarriages of justice illuminate the serious systematic problems that can plague the criminal justice part of the legal system. Such miscarriages show not only the fundamental weakness of an adversarial system, with its focus on ends rather than means, but also the reluctance of theRead MoreMiscarriages of Justice: The Faults in the Canadian Criminal Justice System1017 Words   |  4 Pages The Canadian Criminal Justice System is a system that is rooted in fairness, justice, and equality. It does not discriminate against religion, sex, or race, and it is governed by the rule of equity. All this would suggest that the Canadian Criminal Justice System is one that Canadians can have faith in, knowing that the system will protect everyone: society from the criminals, and innocent people from wrongful incarceration. It is interesting, then, that Canadians actually have quite little faithRead MoreThe Issue Of Wrongful Conviction1746 Words   |  7 Pagesinto an acknowledged reality in most common law jurisdiction; Prominent cases tend not just to attract our consideration regarding the deleterious impacts of a wrongful conviction on an individual but also to illustrate how parts of the criminal justice process have fizzled. An across the nation system of attorneys, columnists and legitimate associations have fought resolutely in the courts to get the freedom of offenders who had, in some cases, spent decades incarcerated. Clearly, wrongful convictionRead MoreThe Criminal Appeal Process And The Adequateness1748 Words   |  7 Pagesenacted as established by the Criminal Appeal Act 1995 following a recommendation by the Royal Commission on Criminal Justice 1993 (RCCJ). The CCRC is a body designed to investigate alleged miscarriages of justice. It replaced the Criminal Case Unit of C3 Division of the Home Office where the Home Secretary had the power to order re-investigations of alleged miscarriages of justice and send them back to the Court of Appeal . D ue to a public crisis of confidence the CCRC was established followingRead MoreThe Wrongful Conviction Of Wrongful Convictions Essay1365 Words   |  6 Pagesrooted in miscarriage of justice. The defendants are convicted for crimes not committed where errors are not proven until their death or having served a lot of jail time. Wrongful convictions are fueled by false witnesses, incompetence of defense lawyers and inadequate evidence among others. However, with the emergence of forensic DNA in collection of evidence, the rate of wrongful convictions has decreased in the past few years. This paper focuses on the fallibilities that lead to miscarriage of justiceRead MoreThe Canadian Justice System Is Built On The Principal Of The Presumption Of Innocence1707 Words   |  7 PagesThe Canadian Justice System is built on the principal of the presumption of innocence where emphasis is placed on on ensuring that the innocent go free rather than the guilty being convicted (Huff, 2013). However, miscarriages of justice occur when an individual is wrongfully conviction, and such an occurrence tarnishes the system’s reputation greatly (Campbell Denov, 2005). According to the edited case files presented by Moldaver (2009), Romeo Phillion was wrongly convicted of the murder of anRead MorePersuasive Essay : Convicting The Innocent1938 Words   |  8 PagesMost Americans in the United States would never presume that they would become wrongfully evicted. From young ages, kids are taught to believe in the criminal justice system and believe that it works. It is pounded in our heads to presume the criminal justice is fair. Prior to 1932, research upon this subject was nonexistent. It was not an idea until Judge Learned Hand stated that that the American judicial system has always been haunted by the ghost of the innocent man convicted. He relates the

Creative writting exercise Essay Example For Students

Creative writting exercise Essay The tall trees, sway majestically in the sharp, Autumn breeze. They rustle as their final leaves are stolen from their limbs, leaving them naked and vulnerable to the cold, dark, night. Squirrels motor along the smallest of branches, shaking the last hardy leaves down to their final resting place on the forest floor. Rabbits dart across the clearing, playing chicken with the foxes, camouflaged by the night, anticipating their attack. The foxes sneak, silently towards the point where they have the best chance of catching the dinner which they have so long awaited. The rabbits ears twitch and he runs frantically into the bushes, an eerie silence sweeps over the whole forest leaving everything calm, not even the leaves chattered amongst themselves. The squirrels disappear into safe dens in the tall tree tops without making a sound. The silence is broken when a man appears out of the darkness, running across the clearing, panting heavily as his large footsteps pound the earth beneath. He is a tall, spindly man with scrawny legs that seem to make him glide across the landscape with great ease. The prominent scar on his right cheek appears as he glances behind him to see if his pursuer is anywhere to be seen. He then continues his task, running. As he finishes his journey across the clearing he starts to dodge between the pillar like trees and hurdles the squat bushes. He reaches a wide river near the edge of the wood, it is wide and fast flowing but he has to get over if he wants to have any chance of escape. He can hear the savage dog of his hunter nearing him as he take s a few steps back. Poised, ready to run, he psyches himself up. Calmly staring at the feat ahead. His tracker suddenly appears behind him and shouts violently at him. Startled the man starts to run towards the river, building up speed. His scrawny legs tired from the long trek though the forest are now aching with a great pain as he nears the edge of the river. He bends his knees slightly preparing for take off, swings his arms back and then lunges his narrow body towards the other side. As his momentum starts to fade, he makes a final grasp at the shoot of a tree sticking out of the bank at the other side, but his long slender fingers fail to make contact with the tree and he starts sliding down into the dark menacing water beneath. He is swept into the penetrating flow of the river. Panic stricken, he desperatey attempts to snatch at some anchor on the river bank to help him to safety. After a few misguided shots, he finally reaches a stone wedged into the bank and manages to heave his drenched, tired body on to the river side. He lay there not caring about where his pursuer was, just trying to catch his breath and keep warm. He heard the haunting noise of the dog and his master coming up the bank that he was on. They must have found a bridge over the river a little further along. He jumped to his feet and began running again. He came to a tall fence which must have been the boundary of the forest as he could hear cars on the other side. He started to scale the huge fence and once at the top, threw himself carelessly onto the other side. He found himself on the side of a busy road. He could hear the sound of the dog and master clambering up the fence, still in hot pursuit of him and cars on the other side of him. He was trapped between a rock and a hard place. Not knowing what to do he stupidly ran into the speeding traffic. A massive lorry sounded its horn as it came hurtling towards him. He froze, terrified and panic-stricken, he just stood there like a rabbit dazzled in the headlights.

Arundel Partners Case Essay Example

Arundel Partners Case Paper 1. 1 Assuming that Arundel Partners is a purely financial company with no experience in the movie industry whatsoever, one reason for them to buy the rights to create sequels would be to exploit a possible arbitrage in between the price they would pay for an option to sequels and its real value. Therefore valuing the said option correctly is of the most importance. 1. 2 We believe that portfolio negotiation rather than on a film-by-film basis will level the playing field. Since the partners do not have experience in the movie making industry and those on the other side of the negotiating table do, it would be easier for the movie industry executive to figure out which movie would be a hit and which would be a miss and try to sell Arundel the rights to only those movies that will not be followed by a successful sequel. 2. 1 NPV calculation. According to the Exhibit 4, based on 14 pairs of first films and their first sequels, average sequel negative cost as a percentage of first film negative cost was 120%. Also according to the same exhibit based on 61 pairs of first films and their first sequels average sequel rental revenue as a percentage of first film rental revenue was 70%. If we assume that Exhibit 7 represents â€Å"the universe† of films available for analysis then data from Exhibit 8 can be used to calculate what percentage of movies has been followed by a profitable sequel. According to the said exhibit 26 sequels achieved one-year return of 0. 2 or higher. Therefore we can assume that the same number of movies was followed by a profitable sequel, i. . 26. Since Arundel will have an option to producing movies and will just forgo those which supposedly will not make any profit, we can only focus on those which made profit in past. Average negative cost for these movies at year 3 is 24. 52 and average net inflows at year 4 are 57. 17. Thus NPV for these movies will be 57. 17/1. 124-24. 52/1. 123=18. 88. This result, extrapolated to â€Å"the universe† of the movie s will give us an NPV per movie of (26/99) * 18. 88 = $4. 96 million per movie. 2. 1 Option calculation. We will write a custom essay sample on Arundel Partners Case specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Arundel Partners Case specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Arundel Partners Case specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We know if we are going to make a sequel at year 1. Option will be exercises at year 3. Cost of production is the strike (K). Average K for all movies is 22. 64. Asset value (S0) would be the cash inflows (average 21. 57 per movie). PV(S0) = 21. 57/1. 124=13. 71. Standard deviation of the return is 1. 21 for year 1; since this is the year when decision is made, in year 1-3 deviation is 0. Therefore average standard deviation over whole period will be v(1/3 ? ^2 )=0. 70. Using Black-Scholes where T=3, rf=6%, S0=13. 71, K=22. 64: 0 13. 71 K22. 64 PV(K)19. 00898 T3 sigma0. 7 rf6% SSQRTT1. 212436 d1 0. 34 N(d1)0. 631748 N(d1-SST)0. 190529 c0 5. 04 So we have two results quite close to each other. The main question for NPV calculation is 12% discount rate – options are more volatile and risky and should be discounted using higher discount rate. Question for Black-Scholes – why do we use lognormal distribution? Is it appropriate here? Another question is whether the movies in the movie population is comparable and more or less same.

Motion and Movement

Motion and Movement Motion and Movement Motion and Movement By Mark Nichol If a word begins with mot- or mov-, chances are that it refers to literal or figurative motion or movement. This post describes many such words. Motion and movement themselves are exemples of this class of word, which stems from the Latin verb movere, meaning â€Å"move.† (The connection for motion and other mot- words is that they derive from motus, the past participle of movere.) Motion and movement both mean â€Å"a change in place or position† and can also refer to physical activities and gestures. Motion also refers to an application or proposal made during a meeting or legal proceedings, and movement also describes an organized effort to achieve a goal or a distinct part of a musical composition. Motion is also a verb describing a signaling gesture or, in a legal context, making a motion. The verb form of movement is move, although move can also itself serve as a noun, referring to changing the position of a game piece or otherwise taking a turn during a game; it is also a synonym for maneuver, as in the phrase â€Å"making a move.† Mutiny, meanwhile, originally meaning â€Å"revolt† but later coming to denote an insurrection of military personnel, also ultimately derives from movere. Moment is, like mutiny, a word with a disguised shared ancestry; it derives from movere by way of movimentum. It generally refers to a brief portion of time or the present time, or a distinctive period, but on its own and as the basis of the adjective momentous, it also has the connotation of importance. (Moment also applies in specialized senses to physics and statistics.) Something that can be moved is mobile and has the capacity of mobility (motile and motility also have this sense); the antonyms are immobile and immobility. Mobile, in addition to referring to a piece of kinetic, or moving, art, is the second element in the compound automobile, the formal alternative to car (which derives from carriage), which is sometimes truncated to auto. Automobile literally means â€Å"self-drive† (in the sense of the driver operating the vehicle himself or herself, rather than the car driving itself, though technology for the latter has been developed). Coinages such as bookmobile (the name for a mobile bookstore or library) and bloodmobile (the name for a mobile laboratory for drawing blood to be donated), as well as snowmobile, have been derived in imitation. Automotive is the adjective pertaining to automobile. To remove is to change the location of something or take it away or eliminate it, and the word is also a noun meaning â€Å"a distance or degree of separation.† Removal is the action or process of removing something. Something that can be removed is described as removable, and the quality of the ability of something to be removed is removability or removableness, though such usages are rare. A motor is a device that enables an object to move or otherwise operate; that word is the first element of compound nouns such as motorboat and motorcycle (and motormouth, slang for a talkative person), as well as the altered compound motocross, which refers to a motorcycling sport and races in that sport. An associated adjective is motive, which describes causing motion. As a noun, motive means â€Å"a reason to do something.† Motive is also a verb, albeit a rare one; its meaning is identical to that of motivate, which means â€Å"give a reason to do something†; motivational is the adjectival form. Commotion (literally, â€Å"with motion†) and emotion (literally, â€Å"out of motion†) both originally meant â€Å"agitation,† but the former word came to mean â€Å"a disturbance,† while emotion eventually applied to mental reactions to stimuli. Emotional and emotive are adjectival forms, emotionally and emotively are the corresponding adverbs, and emote is the pertinent verb, while the slang word emo applies to a subgenre of punk music emphasizing anguish and screamo is a more intense variant. Commotion, by contrast, has only the rare verb form commove. Promotion (literally, â€Å"forward movement†) refers to advancing something by advocating for or publicizing it or advancing someone by giving the person greater authority and responsibility; the verb form is promote, and promotional serves as an adjective in the former sense. Premotion is a rare word referring to movement before another movement, sometimes in the religious context of a divine impetus to act. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:12 Signs and Symbols You Should KnowBody Parts as Tools of MeasurementI wish I were...

Compare Hale's Outsider with Burrow's Junky Essay

Compare Hale's Outsider with Burrow's Junky - Essay Example Junky was a semi autobiographical narrative of the daily life of a heroin addict. Although the book is quite straightforward in telling the story of a drug addict it is considered to be more political than literary. The book attracted controversy because of its contentious drug themes, which is evident from subtitles in the book such as Confessions of an Unredeemed Drug Addict. Nevertheless, it is clear from the story that the author has depicted himself as an outsider amongst outsiders because he himself was not a drug addict but had ventured into the sleazy world of drugs in attempts to escape from his mental agony after he accidentally shot his wife. This paper makes a comparison of Burroughs work with Hale’s A Nation of Outsiders. The paper holds that Hale has focused and highlighted perceptions of how middle class whites in America began believing themselves to be outsiders in their own country during the period after the Second World War. In contrast, the Junky does not aim at creating any kind of sympathy for drug addicts. The book titled A Nation of Outsiders: How the White Middle Class Fell in Love with Rebellion in Postwar America by Grace Elizabeth Hale also deals with the issue of outsider in terms of the characteristics of life in America after the end of the Second World War. ... At this time Americans had started identifying themselves with outsiders or rebels whom they mostly associated with African Americans. Hale argues that in having identified themselves with the outsider, Americans had started pursuing inconsistent objectives. They had started working towards their self perceived independence and individual freedom. In being fascinated with outsiders, Americans had started desiring to remain connected and to have value in terms of having a deep sense of sharing with other people. Such paradoxical reversals engrossed many white middle class Americans after the Second World War. It became a fashion for middle class whites in America to have perceptions of being outsiders. Hale has depicted how a large number of people began defining themselves as outsiders although these groups always appeared to compete with one another. But all these people created their respective group’s identity as outsiders. For instance, during the time when the abortion de bate was at its zenith, anti abortion activists thought of themselves as outsiders because the Supreme Court had legalized abortion in 1973. Because these people were entirely against legalizing abortion they started considering themselves as outsiders, while the insiders were considered to be those that were favored by the law of the land (Hale, 2011). The similarity of these circumstances can be felt in Burrough’s Junky because nothing much has changed in the several years since the book was published. Drug addiction continues to be a strong moral issue for many people and in being fair as a society Americans have not made much progress by way of understanding the ways in which drugs should be treated. It cannot be denied that there