Funding of Media Venture Essay Example | Topics and Well Written Essays - 3500 words

Subsidizing of Media Venture - Essay Example It is the primary worry of the accompanying paper to talk about with instances of the key prerequisites for, and obstructions confronted when, looking for subsidizing for a media adventure. For a media firm to have the option to make sure about financing, one of the prerequisites much of the time is a strategy which contains a strong business idea. This is on the grounds that the subsidizing offices like the contributors, banks or patrons expect an arrival out of the assets they put resources into the media adventure. Therefore, they accept that a media firm with a decent business idea would have the option to contend viably with other media firms and at long last make benefit. Nonetheless, the media firms that don't have sound business ideas will much of the time think that its difficult to secure assets since they are seen to be hazardous organizations that may not contend viably in the media business. A decent business idea for this situation will remember subtleties of the triump hant item and administrations for type of value ad and innovative deduction by the media faculty particularly the columnists, the moderators and scholars. Hewlett-Packard Company for instance necessitated that those media organizations that look for subsidizing must initially guarantee that they have a sound marketable strategy. Item practicality is another key prerequisite that investors will in general glance at before giving financing to the media firms. They first glance at the likelihood of achievement of the item that the media needs to offer in the market. On the off chance that they understand that the items that the media needs to offer have high odds of accomplishment, the assets will be furnished without any difficulty since they accept that their ventures won't be placed in a business that is excessively dangerous with constrained odds of endurance. Picard noted on the opposite that investors are much of the time hesitant to give assets to media firms in the event that t hey set up that the items on offer have low odds of success2. Capital Threshold Most organizations that give subsidizing to media adventures necessitate that the last have a given sum as a feature of their money related base before they can be offered reserves. This circumstance was seen when HP Company declared their subsidizing system to web new companies in which they required intrigued media organizations to have a monetary base of $250000 in capital before they could be considered for funding3. This capital limit is intended to demonstrate the reality of the media organization. The capital base additionally guarantees that the organization can give security to its clients and customers before the business can get. This implies those media organizations that were looking for financing to wander into the internet providers yet did not have the expressed sum couldn't get assets from Hewlett-Packard4. Consistence with Government Regulations Before the media adventure can be given f inancing from outside sources, they are typically required to be in consistence with government guidelines and policies5. This is to guarantee that the business that is being financed is a legitimate substance and works inside the lawful structure. The media adventures that consent to the administration guidelines give indications of reality in working together rather than those that neglect to agree. The individuals who give financing to

Roman Architecture essays

Roman Architecture articles The Roman culture, similar to some other, had its modest beginnings. The historical backdrop of their design runs for all intents and purposes in sync with the historical backdrop of their realm to a degree. As the Empire extended so did the engineering, and as Romans turned out to be progressively radiant their design followed. Roman design had its unassuming beginnings as a type of love. The main Roman engineers were the old ministers and inhabitants who made zones of penance and love for their divine beings. From the outset, their homes were basic cabins yet as they became more intelligent and progressively mindful of their environmental factors, they raised momentous destinations for their divine beings. This space will be for adore and for only that; it will be four-square; ... whatever is done or said in this blessed space the divine beings will know about; whatever comes ... will be a sign from the divine beings. (Earthy colored 10) So, in the same way as other expressions, Ro man structures establishes are installed in the venerating and reverence paid in religion. The Romans were, obviously, not the first to reveal and rehearse a significant number of their structure methods of reasoning; be that as it may, they manufactured like no other society before them. Their strategies fused productivity and refinement to develop an entirely different look. So with the ascent of the Romans and the everlasting hail of Caesar after Caesar and Emperor after Emperor, Roman engineering extended and impacted structure over the world. In contrast to the Empire, however, Roman plan didn't bite the dust on account of the Germanics, or rather because of implosion; it kept on extending and have an influence in each significant style from the beginning of time. Today, a glance at any extension, passage, high rise and most structures will uncover a Roman impact. Indeed, even through its realms own tribulations and destruction, design has remained as an everlasting image of what Rome used to be, and what the remainder of the world is today. To finish up, Roman engine ering can't be taken a gander at as a minor timeframe or cu... <! Roman Architecture papers The structural style of Rome was immovably established in the Hellenistic customs. Notwithstanding, Roman culture is most likely more precisely reflected in the advancement of new building abilities and common landmarks. The style and development progress of Roman engineering was not quite the same as different styles, despite the fact that the cause of their thoughts originated from the Greek design. The Romans were first to utilize math genuinely for the curves, spans, water systems, rooftop, and basically the arch. The Romans took the thoughts of engineering from different nations and balanced it, so there were no help shafts required and the structures had the option to represent a large number of years without truly requiring reestablishing. The cutting edge nineteenth century structures couldn't keep going for even 100 years without being reestablished, not normal for the Roman's engineering which represented a large number of years a while later. The angled structure is one ex planation that the Roman's extensions were progressed for their time. The Romans were progressed in their methods for making a lasting extension. To start with, they made a vessel connect which comprised of pontoons lain one next to the other. From the pontoon connect, work started on the perpetual scaffold. It was to be made of wood and upheld on stone towers called wharfs which were to remain in the stream. A Cofferdam was a twofold cleaned box made of boards with the space between the internal and external boards being loaded up with dirt. This case was skimmed into position and afterward weighted down until it sank. The water was siphoned out with containers or a gadget called an Archimedean screw or tympanum The Cofferdams were manufactured, so the workers could erect the wharfs without going submerged. First the heaps of the Cofferdam, a bit of wood honed like a pencil, were crashed into the riverbed, at that point siphoned. At the point when the siphoning was done, every dock remained on an establishment of tar secured heaps and was developed of painstakingly cut stones within. The mortar utilized between the stones ... <!

Are people telling you the TRUTH 5 questions to ask yourself Hult Blog

In the first of three blogs for Hult, Professor Megan Reitz summarizes the findings of her research on Speaking Truth to Power, featured by Harvard Business Review and the BBC, and the subject of her new book, Speak Up: Say what needs to be said and hear what needs to be heard, (Financial Times Publishing, July 2019). Do you speak up? Are others telling you the TRUTH? Recent scandals such as Goldman Sachs 1MDB and the Boeing 737 safety issues show us that silence costs careers, reputations, and, in some cases, lives. Our research suggests that right now, 8% of employees are staying silent about something they believe could negatively impact their organization’s reputation. It also suggests that, although over three-quarters of us have ideas we believe would benefit our organization, up to 40% of us have not shared those ideas formally at work. Organizations can no longer afford malpractice to go unnoticed and ideas to go unheard. My research over the last five years, which has just been published in a new book ‘Speak Up: Say what needs to be said and hear what needs to be heard’ (Financial Times Publishing), co-authored with John Higgins, means I frequently get invited by leadership teams to help their teams speak up more effectively. â€Å"They just won’t speak up†, these leaders tell me. â€Å"They just need to step up! Be brave!† The problem is, speaking up is not simply a matter of courage. Courage is important, but, as my research shows, it is perhaps listening up thats crucial. You can train teams to speak up all you like, but if no one is listening, no action ever gets taken, or those that speak are actively punished, ridiculed or simply ignored, then it is a complete waste of time and silence remains king. Not only do we forget the importance of listening – our research shows that we tend to think we are far better at both speaking and listening up than other people. We therefore don’t try as hard as we need to and impatiently wait for them to get better at it so that the culture around here finally starts to shift for the better. To shift this impasse, we must face up to one unavoidable workplace dynamic that drives our habits of conversation. Power. We label one another all the time – job title, age, ethnicity, gender, personality, educational background All these, and many more, convey relative status – or take it away, depending on the context you are in. Here’s an example: in my 20s, working as a management consultant, I was told my problem was that when I was presenting at board level I was labeled young and woman (if I was lucky – sometimes it was girl). These labels in the boardroom didn’t and in many places still don’t compel others to listen. I had to work hard to be heard. On the other hand, we worked with a traditional British organization where the labels male, white, British, 50s, and Oxbridge undoubtedly meant you could expect to speak up – and be heard (see our article with Ben Fuchs on Advantage Blindness  in Harvard Business Review for more on this). This resulted in the most homogeneous group I’ve ever worked with grappling, with difficulty, the challenges of diversity and inclusion. So when we decide whether to speak or listen up we assess, consciously or unconsciously, our relative status and authority. We ask ourselves is it ok / expected for me to speak up now? and is this a person I’m expected to, or I should be listening to? Changing habits mean we must bring our assumptions about power out into the open. But we notice that hardly any teams or organizations we work with do this well. Through our research, we offer the TRUTH framework. This helps individuals and teams to consider power and enable them to think more carefully about their habits. Ask yourself these questions: How much do I  TRUST the value of my opinion, in comparison to how much I trust the value of others’ opinions? What are the RISKS involved when I or others speak up? Do I  UNDERSTAND the politics of who says what to who†¦ and why? Am I aware of the TITLES and labels others attach to me and I attach to others and how that shapes what gets said in conversations? Do I know HOW to choose the right words at the right time in the right place†¦or how, skillfully, to help others to speak up through what they say and do? Watch out for the next two blogs in this series, where I will be offering more analysis and advice on firstly how to speak up and then how to listen up effectively in the workplace. Part 2 will be published next week. Watch Megans TEDx talk on how power silences truth Dr. Megan Reitz Megan is Professor of Leadership and Dialogue at Ashridge Executive Education, Hult International Business School, and Founder of Reitz Consulting. She is listed on the Thinkers50 radar of global management thinkers and HR Magazine's Most Influential Listing. She writes, speaks, and consults in the areas of leadership, dialogue, mindfulness, culture, change, coaching, and team effectiveness. She is author of "Mind Time," "Dialogue in Organizations," and 'Speak Up: Say what needs to be said and hear what needs to be heard'. Related posts News Building success: Dual Degree students win at USASBE Community How going beyond business at Hult helped me launch my company Admissions Accepted Students Weekend: A weekend to remember Careers Career mapping: How to become an executive in the next 5 years 0 Thought leadership How to prepare for an uncertain future in a world of AI News Is mail a dying form for businesses and marketing? Instagram Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .

Pauli Exclusion Principle Definition

The Pauli exclusion principle states no two electrons  (or other fermions) can have the identical quantum mechanical state in the same atom  or molecule. In other words, no pair of electrons in an atom can have the same electronic  quantum numbers n, l, ml, and ms. Another way to state the Pauli exclusion principle is to say the total wave function for two identical fermions is antisymmetric if the particles are exchanged. The principle was proposed by Austrian physicist Wolfgang Pauli in 1925 to describe the behavior of electrons. In 1940, he extended the principle to all fermions in the spin-statistics theorem. Bosons, which are particles with an integer spin, do not follow the exclusion principle. So, identical bosons may occupy the same quantum state (e.g., photons in lasers). The Pauli exclusion principle only applies to particles with a half-integer spin. The Pauli Exclusion Principle and Chemistry In chemistry, the Pauli exclusion principle is used to determine the electron shell structure of atoms. It helps to predict which atoms will share electrons and participate in chemical bonds. Electrons which are in the same orbital have identical first three quantum number. For example, the 2 electrons in the shell of a helium atom are in the 1s subshell with n 1, l 0, and ml 0. Their spin moments cannot be identical, so one is ms -1/2 and the other is ms 1/2. Visually, we draw this as a subshell with 1 up electron and 1 down electron. As a consequence, the 1s subshell can only have two electrons, which have opposite spins. Hydrogen is depicted as having a 1s subshell with 1 up electron (1s1). A helium atom has 1 up and 1 down electron (1s2). Moving on to lithium, you have the helium core (1s2) and then one more up electron that is 2s1. In this way, the electron configuration of the orbitals is written.

Karl Barths Relational View of Imago Dei Essay - 1880 Words

â€Å"26 Then God said, ‘Let us make mankind in our image, in our likeness...27 So God created mankind in his own image, in the image of God he created them; male and female he created them.’† Genesis 1:26a, 1:27 The stories which humans tell about their origins are always cherished and held in high regard. In fact, no culture has existed which has not created or attempted to create some story of origins. Every culture has had some means in which to say this is where we came from. Especially in cultures where religion found itself prevalent, the mythology of origins became not only a status or anthropology but also a theology. In which case, we find that Christianity is not alone in this struggle, though our struggle may be unique in kind.†¦show more content†¦We exercise our freedom not in complete isolation but in continuous interaction with others.† But this sort of identity is not individualistic in nature rather it exists in both equal and mut ual forms between the two sexes of humanity. Barth here chooses to use the language of relationship rather than that of the material. For humans do not own this imago rather they reflect it and instead of the image of God being physically present within. â€Å"For it is not God in us but rather we are in relation to God through imago dei.† We tend elude the discussion of imago dei in the material language, and instead lean towards this discussion with relational language, is for several different reasons. The first being that material terms has unfortunate negative connotations, especially within our own society. â€Å"Men and women are seeking, inquiring, expectant beings.† Humans have a sense of infinite within them, whether they wish to acknowledge it or not. An interesting paradox which has shown up within human behavior is the fact that the more materialistic humans become the less satisfied they truly are. A great example from the history of the church would be Augustine’s famous prayer, â€Å"You have made us toward yourself, and our hearts are restless until they rest in you,† which exemplifies the point. This restless is no better than a parasite which eats its carrier alive from the inside out. â€Å"Humans are radically temporal beings,†Show MoreRelatedWord Of God As Written, Incarnate, And Proclaimed1218 Words   |  5 Pagessimply a collection of personal religious intentions, expressions, and understandings. Barth does not view the written Word as religious views, but as an objective event where Christ is the subject of the revelation. â€Å"Scripture is Holy and the Word of God as by the Holy Spirit it became and will become to the church the witness of God’s revelation.† Barth 2. The Word Proclaimed: The Barthian view of the Word of God proclaimed says that: â€Å"We are unprofitable servants, and in no sense are we to imagineRead MoreImage of God in Man Research Paper4644 Words   |  19 PagesGod in man is a doctrine that is fundamental to understanding the soteriological implications of humanity, which is best understood through the examination of Christ’s humanity with regards to various views held. Table of Contents INTRODUCTION 1 THE IMAGE ITSELF 1 MAJOR VIEWS TO THE IMAGE OF GOD IN MAN 3 IMPLICATIONS TO THE IMAGE OF GOD IN MAN 5 THE HUMANITY OF CHRIST 8 CHRIST AS THE IMAGE OF GOD 12 CONCLUSION 13 BIBLIOGRAPHY †¦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‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦

Managerial Theory of Firms

Question: Evaluating the usefulness of the theory as a tool for understanding the process of decision-making and target setting in the modern corporations? Answer: Introduction The theory of firm is generally defined as the accumulation of resources which are altered into various products that are demanded by the consumers. The organization also coordinates and buys the services and the production factors like labor, capital and land. The firm also manages the production and marketing of its goods. The decision makers of the firm often ask questions like: What should be produced? Where the production will take place? What should be the quantity of production? Etc (Richardson, 1972). Theories are basically the conceptualizing of the firm. It answers the questions like why the firm exists along with what is a firm. These are the fundamental things which are required for understanding the corporate governance. The different theories of firm also help in understanding why firms have organized businesses and how it impacts on the firm and the society. The theories of firm might be classified into two divisions, incomplete contracting model and principal agent model (Williamson, 1981). The managerial theory of firms has a great impact on the decision making process and the marketing area of the organization. The managerial theories decide the growth and development of the modern organizations. Managerial theory of firms The managerial theory of any organization is the economic theories which discusses about the way the modern management has impact on the various economic system of the firm. There are various different theories which has been researched thoroughly in management literature and also applied in different businesses. The managerial theories are categories into three groups. They are as follows: Discretionary Literature: In this theory the managers are assumed to take decisions mainly based on the cost and price and are not under strict supervision of the owners and direct stake of the firm. Growth oriented theories: This theory is similar to the previous theory but here long term goal is assumed and the managers dedicate themselves in developing the firm and its growth. Bureaucratic theories: This theory includes the owners of the firms who control the enterprise and also seek various strategies to reduce the risk. All the above mentioned types of theories have significant role in decision making of the firm and also help in setting the target of the organization. Managerial theories have both theoretical and empirical usefulness in various organizations. Management theory supplies basic knowledge for management process which includes organizing, controlling, leading and planning of the various regions of an enterprise. According to Taylor if management theory and process was approached scientifically then it would lead the firm towards development and success. His principles on scientific management started a revolution among the leaders of various organizations and changed their view on both position and process of a manger (Koontz, 1962). Many behavioral scientists have suggested involving many community organizations which would assist in making different strategies and also planning. Management theory also discusses about the importance of emergency management where the organization can use quality management and make proper use of the resources even during a disaster. However there exists a body of opinions which discusses the evolution of management after and during the Second World War. The management theory was the main topic of research after the industrial revolution which brought in specialization and mass production around the world (Turnbull, 1997). Management Theory has a significant role in decision making skills and techniques. According to management theory the decision makers of an organization must follow certain simple steps before making a decision or forming a strategy. The steps which are to be followed are given bellow: Identifying the purposes of the decision: The mangers must identify the reasons for taking the decision. What is the problem that needs solving? Why should it be solved? These are the few questions that one should ask. Gathering Information: The leaders and decision makers must collect all the relevant data and information before taking or implementing a decision. Identifying the principles for judging the alternatives: The mangers must search for the standards and also the judgment criteria that must meet the solution. Other possible choices: The decision makers and mangers must also take other possible choices into consideration before implementing their decision. Evaluating each of the choices and its consequences: Each of the choices made by the mangers must be evaluated thoroughly and changed according to their consequences. Determining the best alternate option: The decision makers must always go for the best alternate option. Putting the decisions into action: The decision must be converted into action steps and implemented on the right time. Evaluating the result of the decision: The mangers must thoroughly evaluate the consequences of the taken decision. Thus management theory has a deep impact on the decision making process of an organization. Management theory provides extensive details to understand the decision making process. However according to management theory decision making is difficult as it deals with both satisfaction and dissatisfaction of certain people. For example Sko-Die is a manufacturing company for 50 years. All the managers were leading the organization till some of them decided to leave. However the organization recruited new mangers for running the organization rather than promoting the old employees who were the team members of the organization. Since the new mangers are new to the organization they are less loyal and there is constant clash among the ideas of the employee. Due to this decision many employees are leaving Sko-Die at an alarming rate. Management theory also has detailed explanation of the importance and process of setting target in an organization. The importances of setting goals as discussed according to management theory are as follows: Motivating the workforce Goals and targets always motivate the workers in the organization. Firm goals encourage the team members in devoting extra energy for the firm. Help Stakeholders The shareholders, lenders and investors are the major part of an organization. The long term and short term goals of the firm has a great financial impact on the stakeholders. Thus setting targets assists them in taking better decisions for the company. Attracting new clients Certain goals and targets attract various partners and vendors. These will build a confidence among the stakeholders that the organization is progressing towards growth and development. Meet the financial targets Sales are the intrinsic part of an organization. It determines the revenue generated by the organization. Well structured targets and goals help the firm in accomplishing the sales target. According to management theory there are five characteristics that should be maintained while setting a goal. They are as follows: Specific: The targets must be specific and must not be vague. It must be properly interpreted and understood. Measurable: The goals must be measurable. The firm must have goals which can be measured. Attainable: The leaders of must set such goals which can be achieved by the organization. Thus only attainable targets must be set. Relevant: The goals and targets must be related to the firms mission and vision. Timely: The targets must be time bounded and thus helping the organization in focusing on the deadline of the target. Thus managerial theory provides a detailed importance and process in setting goals and targets of an organization. For example Unitech is an American organization which specializes in manufacturing telecommunication devices like phones, mobiles, wireless radios etc. The organization decided to expand its market and thus it opened up a branch in China and Australia. Both the branches manufacture telecommunication devices (Lewin Regine, 2000). As a result the market of the organization expanded in China and Australia. Similarly many western organizations started building branches in the east in order to expand their market. In the year 2009 LOreal targeted to be the number one leading brand in cosmetics in the world. Thus with proper utilization of resources and implementation of strategies the organization became the leading cosmetic brand in the year 2013 with an annual profit of $ 14.6 billion. Modern organizations take the help of management theory in developing their business. The various methods that the organizations use for their success are based on the management theory. Conclusion Thus from the above detailed study about management theory and its both theoretical and empirical application on setting target and decision making we have learnt the importance of it the success of an organization. Management theory basically deals with the economic condition of a firm. It discusses about the strategies that an organization should undertake in order to make the economic condition of the firm good. It helps the firm in facing challenges that it faces during its growth and expansion. However Henry Ford had a different view on management theory and thus he changed many marketing and managing strategies in his organization. In the beginning of 1920, Sloan resisted the strategies used by Ford and started following the management theory. After that many automobile companies like Cadillac, Buick, Pontiac and Oldsmobile started following the methods of Sloan (FEMA, 2000). Thus management theory has proved its importance and significance over the years in various organizations. Reference Koontz Harold (1962) Making Sense of Management Theory, in Harvard Business Review, July-August. Koontz Harold and Weihrich Heinz (1990) Essentials of Management, Fifth Edition, McGraw-Hill. Fleet David D. Van and Peterson Tim O. (1994) Contemporary Management (Houghton Mifflin Company), Third Edition. Williamson, Oliver E. (1981), The Modern Corporation: Origins, Evolution, Attributes, 19 Journal of Economic Literature, 1537-1568. Turnbull, Shann (1997), Stakeholder Governance: A Cybernetic and Property Rights Analysis, 5(1) Corporate Governance: An International Review, 11-23. Segal, Ilya R. (1996), Modeling the Managerial Task, California, Department of Economics, Berkeley. Richardson, G. (1972), The Organization of Industry, 82 Economic Journals, 883-896. Roberts, Karlene H. and Robert G. Bea (2001). Must accidents happen? Lessons from high reliability organizations. Academy of Management Executive. 15:70-78. Drucker, Peter F. (2002). The Effective Executive Revised. Harper Collins. Federal Emergency Management Agency (FEMA). "Planning for a Sustainable Future: The Link Between Hazard Mitigation and Livability". FEMA Report 364. Johnson, Richard A., Fremont E. Kast, and James E. Rosenzweg.(1963). The Theory and Management of Systems. New York: McGraw Hill. Lewin, R. and B. Regine (2000). The Soul at Work: Embracing complexity science for business success. Simon Schuster.

Race to College free essay sample

â€Å"Racer ready? Racer go when ready.† As I stand at the top of the hill, waiting behind the starting gate, I stare blankly at the crowd that’s watching, cheering, and screaming back at me. One. I gather my thoughts, and stare down the monstrous course ahead of me. Two. I let the adrenaline rush through my veins. I hype myself up as I slam my skis down one foot after the other. Three. I’m off. As I launch myself down the hill, I see the first. I have a mere two to three seconds to observe the conditions around me. Is the snow rutted? Is the snow icy? Is the snow perfect? I have seconds to prepare myself for the challenge. I pass the first gate. Not perfectly or smoothly, but I still got through it. The second, the third, and the fourth gates pass and I’m headed for the next. We will write a custom essay sample on Race to College or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I’m not prepared. The grass shows its evil green blades through the snow and grabs onto the bottom of my skis. I slow down and fall face first into the snow. What just happened? What do I do? I check to see if I’m alright. None of my skis fell off and no bones are broken. I can still finish this race. I jump to my feet and start climbing back up to the gate I missed. As I go around it, I can see the finish line. I see my coach cheering me on; I hear my family screaming my name, and I watch my teammates at the bottom. Faster, I think. I need to finish this race. Determination shoots through me and I get a burst of energy. I go faster and faster and soon enough, I finished. In those 25-30 seconds of racing down the hill, I observe and prepare. I fall down, examine my conditions, and get back up again. I climb back up the hill, and I think of the people I am making proud. When I ski, I am faced with challenges and I need to assess what they are and how I can fix or avoi d them. When I fail, I do not give up, and I do not quit. Instead, I get back up and try harder. And college is a lot like skiing.