Letter writing paper
East Asian Religions Research Paper Topics
Wednesday, August 26, 2020
Statement of Educational Goals and Philosophy :: My Philosophy of Education
Articulation of Educational Goals and Philosophy At the point when I was in High school I concluded that I needed to be an optional instructor. From the outset I didnââ¬â¢t need to be an educator, however a couple of my instructors altered my perspective. In auxiliary school, I was thought of as an outsider by both my companions and my instructors. I had moved from Washington D.C. to the little nation town of Galax, in Virginia, and the manner in which I talked and dressed picked up designate of negative consideration. Individuals felt that I was not equipped for anything besides rather beginning difficulty, when in certainty I was very and bashful. This negative generalization made school an excruciating encounter and I didn't appreciate going to class. It wasnââ¬â¢t until my lesser year that I had educators who saw that I was in certainty a keen individual, equipped for anything. They were the ones that gave me that, provided the correct guidance, any understudy can achieve anything. They likewise gave me that learning coul d be made fun. These instructors are what made me need to educate. They made me need to be the instructor that is there to enable each understudy to arrive at their maximum capacity. In the accompanying passages I will express my way of thinking on instruction and a few objectives that I will meet. It wasnââ¬â¢t until an undertaking that my Education 210 educator, Miss Smith, appointed my gathering a task on essentialism that I understood I was an essentialist, this way to deal with instruction was made well known by William Bagley. This methodology was initially thought of as being to condemning of understudies, however the starting of Sputnik in nineteen fifty seven and ââ¬Å"A Nation at Riskâ⬠in nineteen eighty three brought essentialism back. In everything that are done in the study hall, for example, homeroom the executives, the educational program, showing strategies, and the methods of assessing my understudies, I intend to follow the essentialist approach. I wish to do this since it is my conviction that schools ought to ingrain conventional virtues and the scholarly information that understudies need so as to become model residents. All things considered, I accept that the motivation behind instruction is to shape understudies into model residents since they are future pioneers.
Saturday, August 22, 2020
Systems Development: Concepts, Issues and Approaches
Frameworks Development: Concepts, Issues and Approaches Frameworks advancement ideas, issues and approaches and the connection among innovations and their social setting Question 1: For what reason are traditional ways to deal with frameworks configuration viewed as techno-driven? Presentation This paper presents an exhaustive clarification of the different procedures identified with frameworks plan and to the issues that face the ordinary, or customary, strategies as per which PC frameworks, of various types, are planned. The paper will at that point clarify why the customary methodologies of framework configuration are viewed as techno-driven. Before having the option to respond to the principle question of this paper, we ought to characterize certain terms so as to explain all the components that will be talked about later on. Stews (2004, p.542-543), states that ââ¬Å"a PC framework is an electronic gadget that can be thought of as a total data preparing focus. It can ascertain, store, sort, update, control, grouping, arrange, and process information. It additionally controls rationale tasks and can quickly impart in designs, numbers, words, and sounds.â⬠Another definition is introduced by Avgerou and Cornford (1998, p.1), as they express that data frameworks ââ¬Å"refer to data and information dealing with exercises in human associations. Data taking care of in this sense is a deliberate action continued after some time, and incorporates the exercises of gathering data, putting away it, guiding it to fitting spots and individuals, and using it in different assignments inside the organization.â⬠The planner of the framework endeavors to recognize a particular issue inside a given situation of work, for instance, and makes a lot of procedures that ought to have the option to determine that issue as per pre-decided guidelines and prerequisites (Kelkar, 2004). Framework DESIGN A framework should deal with an assortment of issues identified with an association and to empower the individuals whom are viewed as the people that manage those issues to work appropriately, quickly, more proficiently, and all the more precisely. This generally additionally includes the communication (between availability) between each one of those working in a particular segment. The individual (or gathering of individuals) that should plan the ideal framework should contemplate and break down altogether the difficult circle, distinguishing the different components and elements engaged with it, proposing distinctive framework alternatives, put them into test (ideally in genuine workplaces), lastly choosing, with the assistance of the administration of the association being referred to, the best arrangement. PC frameworks planners, nearly from the earliest starting point of this field, would in general work only inside their specialized domain; implying that they were distinguishing the issue and making the arrangement that, clearly, was effective, yet that was just operable and encouraged to themselves and to individuals of a similar specialized foundation. This made a reality which made it, fairly, hard for normal clients, who are additionally expected to be the end clients of todayââ¬â¢s PC frameworks, to bargain, cooperate, not to mention produce proficiently utilizing those frameworks. The principle issue in this unique situation, as clarified by Doherty King (2005, p.2), is that the fashioners don't, by and large, follow most required strides in what concerns the examination of the effect of using the PC arrangement on the association and in what concerns the communication between the made framework and the human factor of that association. As per Poulymenakou Holmes, 1996 (in Doherty and King, 2005, p.2), ââ¬Å"the reception of techno-driven advancement approaches can be a hazardous technique, as it urges engineers to convey and actualize the data framework, and at exactly that point, if by any stretch of the imagination, stress over adjusting it to its authoritative context.â⬠The traditional procedure, which relies entirely upon making a PC framework that is effective in settling a given issue and that works from a specialized (or PC programmable and configurable) perspective, is viewed as techno-driven in light of the fact that the most significant factor in planning the framework, which is the human factor, has not be thought about completely by the originator (or the architects) during the execution of their underlying arrangement of work. Numerous experts and scientists continue requiring a procedure of framework plan that centers more around the social part of the made apparatus: ââ¬Å"little progress has been made in the advancement of down to earth socio-specialized strategies and approaches that have prevailing with regards to making the change from look into research facility to broad business usageâ⬠(Doherty King, 2005, p.2). Davidson and Chiasson (2004, p.6) express that the three primary phases of data innovation are the turn of events, the usage, and the osmosis. They weight on the way that all the subtleties that are identified with the day by day utilization of the innovation may not be seen at the hour of arranging on the grounds that the ââ¬Å"attention is centered around by and large business objectives and usage strategy.â⬠This makes the period following the establishment and the underlying execution exceptionally significant as all the social and human related variables must be balanced and changed to suit the clients and the association in general. There are different instances of frameworks that were made by the customary, techno-driven, approach and that have fizzled at the hour of usage in light of the fact that the planners came up short on the social-situated component in their structure Doherty and King (2005, p.2) referenced a few bombed encounters of this sort; cases, for example, the London Ambulance System, the Taurus System, and the Benefits Payment Card System. Different models were introduced by Davidson and Chiasson (2005, p.6-12) who detailed that the electronic clinical record frameworks (EMRS) that were utilized in two human services associations were likewise a reason for worry, to a limited degree. The creators affirm that the first frameworks made for the wellbeing associations should have been socially changed through the usage of TUM (Technology Use Mediation) during framework improvement stages and all through the period in which the frameworks were being used. ââ¬Å"System setup expected changes to programming foundation and code. Authoritative size affected the accessibility and the viability of intercession resources.â⬠Another factor that is associated with the traditional methodology is the complete underestimation of beforehand existing frameworks which is additionally another quality of techno-driven techniques for plan and framework advancement. Disregarding the ââ¬Ëoldââ¬â¢ frameworks drives the originator to make something that is absolutely new to the association, and this additionally rejects the impacts, the points of interest, and the convenience of the past framework. The ease of use of the framework and the capacity of individuals inside the association to work with it came because of an extensive stretch of framework alterations (regardless of whether equipment or programming) and of individual preparing and various procedures of blunders and revisions; which is the thing that can be considered as the social-related side of framework improvement. Every one of those components will be completely disposed of by the originator during his/her advancement of the new framework, which w ill bring about the new framework experiencing similar stages that the old framework went through, and this is another type of time-related and monetarily related misfortunes to the association. Chae and Poole (2005, p.19) offer a significant conversation starter: ââ¬Å"Is it workable for a huge scope data framework to be created ââ¬Ëfrom scratchââ¬â¢?â⬠Their clarification affirms that: Records of framework advancement and the frameworks improvement writing frequently center essentially around the new framework and tend to underemphasize the job of previous frameworks Few give a lot of consideration to the job of prior data frameworks in IS [Information Systems] improvement. To the degree the new framework must coordinate with previous frameworks or utilize existing equipment and programming Existing frameworks have additionally been viewed as issues or boundaries to the advancement of new IS and as disablers of Seems to be based hierarchical development and changeâ⬠¦ This methodology, as well, will in general treat prior frameworks as articles, secret elements (for example Markus, 1983). Those referenced above are the most prominent focuses when considering PC plan in its ordinary strategy, which is, as can be seen, techno-driven. End Despite the fact that ordinary methodologies of framework configuration have been applied from the earliest starting point of the time of Information Technology, they are still techno-driven. What fashioners should concentrate on are those framework qualities that are progressively operable by the people of an association; this incorporates the interface structure, the language utilized inside the different pieces of the framework (those identified with both the product and the equipment) Another significant point is the flexibility to the association that mentioned the framework; the originators ought to see completely that different variables that can lead the recently made framework to be increasingly social-arranged and to be what the association needs. Techno-driven structures can work, yet just in specialized related fields and segments. Past frameworks ought to be concentrated cautiously before starting the plan for new ones; this will empower the planner to comprehend what qualities worked already, what structure are the representatives and the administrators used to work with, and which devices can be re-utilized inside the new framework. Anderson and Vendelo (2004, p.27) clarify the issue of techno-driven structure by expressing that ââ¬Å"when brought into a field, the specialized framework frequently should be changed to consider the more all encompassing prerequisites that are available in the field, as clients need to oblige the innovation in their every day routines.â⬠Reference L
Tuesday, August 18, 2020
Your Boss Put You on a Performance Improvement Plan, Now What
Your Boss Put You on a Performance Improvement Plan, Now What At around this time about two years ago, I got a call from my friend Elsie asking me to help her find a new job.This caught me by surprise, since she had been working with the firm for a while, and it seemed to me that she was happy at her job.So, what had made her decide to look for a new job all of a sudden?Turns out, she had just been put on a performance improvement plan and felt that she was about to lose her job.Despite being put on a performance improvement plan, she didnât end up losing her job.Actually, what reminded me of the incident is the fact that she called me with the news that she had just received a promotion (at the same company where she was put on a performance improvement plan), and I felt that it would be a good time to talk about performance improvement plans.When I ask people what they fear most about performance reviews, a high number of them mention that they are very much afraid of being put on a performance improvement plan.Most people assume that being put on a performance improvement plan automatically means that they are on their way out the door.However, this is not always true.The fact that you havenât met some performance expectations does not necessarily mean that you suck at your job.It just means that there are areas that you need to improve to enhance your performance.Of course, there are some people have lost their jobs over the years after being put on a performance improvement plan.However, these typically happens when an employee is unable to meet the conditions set out in the performance improvement plan.Actually, being put on a performance improvement plan should be taken as a positive sign, because it shows that the organization views you as a valuable employee and believes that the performance issue you are going through is fixable.If they didnât think you were valuable, or if they didnât believe that your issue is fixable, youâd be shown the door without any chance to get your act together.In this articl e, we are going to look at what you need to do in case your boss puts you on a performance improvement plan.But before we get there, letâs first understand what a performance improvement plan is.WHAT IS A PERFORMANCE IMPROVEMENT PLAN A performance improvement plan is a document that highlights any recurring performance issues together with areas of improvement suggested for the employee, and a specific timeline for making the improvements.The areas of improvement are normally suggested to give you the chance to maintain goodwill with the organization.In simple terms, itâs like when a student makes a mistake in class, and the teacher gives them probation time in which they are supposed to think about what they have done and promise to improve on their behavior.Therefore, unlike the punitive measure that most employees assume it to be, it can be regarded as a corrective measure aimed at doing away with certain behavior and improving others in order to ensure organizational goals a re met.If you have been put on a performance improvement plan, the HR manager will most likely call you to talk about it to ensure that you understand what the expected outcomes of the performance improvement plan are.But as many HR managers will tell you, it does not mean you are about to be fired.If the company had wanted to fire you, they would have just done it without the need to first put you on a performance improvement plan.The performance improvement plan is therefore a chance for a comeback, an opportunity for you to learn about your weaknesses, a time for you to re-think your strategies and tactics and most importantly, a chance for you to be better.A performance improvement plan will constitute the following:A written document of the performance issueA detailed description of the expected outcomes of the employeeâs behaviorA resources allocation section to support the employee in enhancing performanceA follow-up plan that includes timeframes, meeting schedules, and the milestones that have been established between the manager and the employee.The consequences of failure to meet outcomesPURPOSE OF A PERFORMANCE IMPROVEMENT PLANSome of the reasons why you might be put on a performance improvement plan include:To Identify Substandard PerformanceThe first reason your employer would put you on a performance improvement plan is to identify substandard performance and make you realize that your performance is not meeting expectations.Therefore, the performance improvement plan will detail specific areas that you are deficient in and that are affecting your work performance.The second thing it will detail is an improvement plan which could be on-the-job training or actual coaching.When you are not performing, the organization is also not performing, and a performance improvement plan is usually viewed as a chance to identify the substandard performance with an aim to rectify.To Document Substandard PerformancePerhaps this is the greatest reason why most employees fear being put on a performance improvement plan, because the plan can serve as evidence of your underperformance if the organization decides to fire you.In case you get fired and decide to file a complaint for wrongful dismissal, the performance improvement plan serves as evidence that you were indeed not meeting your performance expectations.To Identify Behaviors Contributing To Substandard PerformanceA performance improvement plan identifies recurring behavior that contributes to the substandard performance.You may not be aware of any such behavior, but perhaps your manager has been noticing it.Maybe you have been arriving later than usual, maybe you spend too much time on the internet, or it probably lies in the way you have been treating fellow employees or customers.To Deter Reoccurrence of Improper BehaviorEmployers have specific work guidelines, and rules stipulated for employees.Those regulations are established to ensure organizational goals are met.When the mana ger puts you on a performance improvement plan, there is a chance that there is something you are doing which is against company policy and they want to put a stop to that behavior.Putting you on a performance improvement plan serves as a deterrence to the behavior both for you and other employees.To Enable Employees to Develop Certain SkillsContrary to popular opinion, performance improvement plans are not meant to punish you.They are meant to help you correct some behavior that might be contributing to your non-performance.In the process of working towards achieving the improvement milestones set out in the performance improvement plan, you might also end up developing some key skills.For instance, when on a performance improvement plan, you have to meet the conditions set out in the plan, in addition to working on your regular assignments.This might force you to develop time management skills in order to ensure you meet both objectives.All you need is to have a positive attitude and to open up yourself to learn and experience new things which will improve your performance.To Improve PerformanceThe ultimate goal of a performance improvement plan is to help you improve your performance on the job.The performance improvement plan makes an employee aware of substandard performance, identifies the behavior that contributes to it, enables the development of skills and abilities, deters maladaptive behavior and provides you a course of action to correct whatever issue it causing the non-performance.It is thus a chance for you to improve yourself and your performance so that you improve your job security and contribute to the organizational goals.While I have said that the performance improvement plan shows that the organization values you and is giving you a chance to fix whatever issue is causing your non-performance, it also shows that you are fast approaching the end of your leash.Your job is riding on the outcome of the performance improvement plan.If you are unable to meet the conditions set out in the plan, there is a very high chance that you will lose your job.Therefore, you should not take the performance improvement plan lightly.Remember that the performance improvement plan is a legal document, one that gives the organization a valid reason for letting you go.WHAT TO DO AFTER BEING PUT ON A PERFORMANCE IMPROVEMENT PLANYour performance at work has been slacking, and your boss has put you on a performance improvement plan.Now what?If you have been put on a performance improvement plan, below are some tips on how to handle the situation.Calm DownWhen placed on a performance improvement plan, the first thought that comes to mind is that you are about to lose your job.This can lead to anxiety and emotional overwhelm, which can easily cause you to do or say something you might regret later.Therefore, after being notified that you have been put on a performance improvement plan, the first thing you need to do is to try to calm down.As we have already seen, a performance improvement plan does not necessarily mean that you are about to get fired, so there is no need to panic.Do something to help you remain calm as you process the news. If necessary, you can even take a walk and get some fresh air as you process the news.Assess the SituationOnce you have taken a breather, it is time to evaluate the situation you are in.The first thing to ask yourself is why you are on a performance improvement plan in the first place.Is it something you have been put on before, or is it the first time?If you have been put on a performance improvement plan before, you need to remember the reasons why you placed on the improvement plan.Was it poor customer feedback, failure to meet deadlines?Whatever reason, you need to jot it down and reflect on it for a while.If itâs something for which you have been put under a performance improvement plan before, maybe you need to think about further and come up with interventions that will work t his time.If itâs the first time that you have been put on performance improvement plan, then you need to consult your manager for further clarification especially if itâs a behavior that you hadnât noticed yourself.Once you have identified the reason why you have been put on a performance improvement plan, you need to reflect whether the role in which you failed at matches your personal and career goals.You also need to evaluate similar situations where employees have been put on a performance improvement plan and determine what the company culture is in such instances.You also need to analyze the relationship between your manager and yourself and determine if she or he is willing to help you throughout the course of your performance improvement plan.If you find out that you have actually been slacking in fulfilling your duties, that the company culture is oriented towards employee improvement, and that you have a trustworthy relationship with your manager, then, by all means, the best thing to do in this case is to start working on improving your performance.If, on the other hand, your company is more oriented towards letting employees go rather than helping them improve, and if you have doubts that your boss will be willing to help you improve your performance, it might be time to start hunting for a new job.Decide If It Is Worth ItYou might do this in the previous step since this step is more of a continuation of the previous one, but I would advise you look at it as a separate step.In the previous step, you wanted to assess the situation that led to you being put on a performance improvement plan.In this step, you want to review if itâs actually worth it going through with the performance improvement plan, or if it is much better to start looking for greener pastures.I would advise you to put your emotions aside when reviewing the performance improvement plan.While it is true that most companies use the performance improvement plan as a way to impr ove your performance, the reality is that some employers will use it to fire you.Therefore, you need to decide if it is worth it going through with the plan. If your manager is not willing to schedule a meeting with you to talk about the performance improvement plan, then this could be a sign that you should be looking for a new job.You also want to review the plan to evaluate whether it is humanly possible to meet the conditions set out in the plan.If your performance improvement plan requires you to bring in twenty new clients by the end of the week, then you might just hand in your resignation letter.Make sure you have read all the sections of the performance improvement plan to ensure that you understand what is required of you.The document requires your signature, and you do not want to sign anything that might get you fired.Once you have read through and decided that it is worth it, then sign the document, keep a copy for yourself and begin working on your performance improvem ent plan.Take It Seriously And Commit Your SelfWhile we have discussed that a performance improvement plan is more or less like probation, the risks involved and the consequences are entirely different.We have also seen that the performance improvement plan might be used to terminate your employment if you are unable to meet the conditions set out in the plan.You therefore need to take it seriously and commit yourself to the goals of the plan.While it does not mean that you will get fired, some companies take it as a warning to their employees.They have realized a certain gap in the accomplishment of your tasks which relates to the performance of the organization, and thatâs why they have given you a chance for redemption.Therefore, meeting the goals of the performance improvement plan is critical to the organization and the only guarantee that you will still retain your job.The good thing about a performance improvement plan is that it is usually specific and detailed and will ad vise on what to do so as to achieve the goals set out in the plan.You should really take some time going through the plan to ensure that you fully understand what is needed of you.Come up with a to-do list and other tools to help you accomplish whatever is set out in the plan.Commitment is also a necessary element for the success of a performance improvement plan. You want to show your employers that you are committed to the task at hand and the surest way of doing this is committing your time.You might want to call your friends and cancel any other plans you might have had and commit that time to your performance improvement plan. Tell the manager that you are going all in and actualize that.You might even decide to put in extra hours to ensure that your time on the performance improvement plan is superseding expectations.Do the extra work with pride and make sure that your performance exceeds that of others.When your manager sees how willing you are to ensure you accomplish the go als set out in the performance improvement plan, they will see that you are committed to the goals of the company.Ask for HelpAsking for help is not a sign of weakness, but an acknowledgment that we are aware of our limitations and are not afraid of enlisting others to help us get better.Therefore, do not be afraid to ask for help just because you are on a performance improvement plan.For instance, you might come across a task that you need to accomplish but donât know how to, but then get tempted to not ask for help because it might show that you are not really good at your job.Resist the temptation not to ask for help, because only by asking for help will you learn how to accomplish that task.Asking for help is a strength, and your manager will be willing to help you if they are certain you are committed to improving your performance.When you are on a performance improvement plan, it shows there is something that you havenât been able to do on your own, and therefore there is nothing wrong with asking others to help you if this is what will help you improve.Be Open to Learning And Have a Positive AttitudeBeing put on a performance improvement plan is an opportunity for learning and unlearning behavior so be open to it. It gives you a chance to redefine yourself, to test your limits, to change and to grow.The only way you improve your performance and learn something from it is to have a positive attitude. Attitude has been the make-or-break central factor since time immemorial.Only a positive attitude can get you through a performance improvement plan.When we began discussing what you should do when put on a performance improvement plan, we said you should control your emotions.Employees with high emotional stability are able to get through an emotionally challenging situation because they face it with a positive attitude.Therefore, have a positive attitude and open up yourself to learning and accomplishing the tasks detailed in your performance improveme nt plan and grow.You Have Learned, Now Move OnCongratulations now that you have come this far! If you successfully complete the objectives set out in your performance improvement plan, you have reason to celebrate, because it is not always that employees are able to achieve the conditions set out in their performance improvement plans.Getting through the performance improvement plan serves as evidence of your attitude, commitment to learning, motivation, and organizational commitment.When you complete a performance improvement plan, it is a sign of success.While many would have panicked and quit their job, you took it bravely, acknowledged that you havenât been performing your job effectively and worked with the organization to ensure that your performance improved.You took the time to reflect, contacted your mentors and associates and truly committed yourself to ensure positive outcomes. What is more, you maintained a positive attitude through it all.You learnt, you grew and made improvements, and now itâs time to move on.Remember you will still go through a performance review so make sure your energy lasts through this period. In the performance review, show your manager and the team that the performance improvement plan was a learning process and that your performance has improved.Give specific details about what you learnt and your vision for the future and make sure it is in line with organizational goals.WRAPPING UPAs an employee, you should always give your best at work to avoid being put on a performance improvement plan.If you happen to be put on one, however, there is no need to panic. It doesnât necessarily mean that you are about to be fired.Instead, you are being given a chance to fix your mistakes.Simply acknowledge that your performance has been under par, and then commit yourself to correcting the issue and improving your performance.If you happen to get fired after being placed on a performance improvement plan, and this does happen in s ome cases, take it gracefully and move on.Furthermore, it might be for the best.You could have been holding on to a job that was not the best for you, and this is your chance to go after the job you have always dreamt about.Give yourself a chance, carry all your life skills, failures and accomplishments â" they are part of who you are â" and move on.Just make sure you do not get on another performance improvement plan.
Sunday, May 24, 2020
The Poetry of Andrew Marvell and John Donne Essay - 951 Words
The Poetry of Andrew Marvell and John Donne The seventeenth century was an era of beautiful poetry. Two poets in particular, Andrew Marvell and John Donne, wrote carpe diem poetry full of vivid imagery and metaphysical conceits. Each conveyed the message of living for the now. This message can be clearly seen in the poems To his Coy Mistress by Marvell and Donneââ¬â¢s Flea. By using clever metaphors and meter, the poems not only are symbolic, but have almost a physical aspect to them. Though both poems take a similar approach, it is Marvell that writes the more persuasive one, reaching deep into the soul to win his object of affection. The main theme of Marvellââ¬â¢s poem is to seize the day. The speaker is trying to convince theâ⬠¦show more contentâ⬠¦Images of deserts of vast eternity and virginity together instill the idea that it will be hard to prolong virginity, and it would be better to give in now. The poem is mostly written in iambic tetrameter, and flows softly and easily, much like a nursery rhyme. All the lines do not conform to the same format, however. While most lines contain eight syllables, some have more. Line 27 uses nine syllables, as does line 38. The switching of the meter keeps the reader on edge, and never lets the poem slip into a monotonous cycle. Not only does this technique keep the reader on its toes, but also symbolizes the spontaneous thought of the narrator, who lives very whimsically. Marvell uses spondaic meter as well as iambic. Shall sound, the last two words of line 26, are both stressed. Rough Strife, the last words of line 43, are also both stressed. The use of spondee helps to switch up the tempo of the poem and also fits the context of the lines. Lines 39-41 deal with time: Rather at once our time devour, Than languish in his slow-chapped power. Let us roll all our strength and all These lines actually produce the effect of slowing time down. Languish in his slow-chapped power rolls off of the tongue and takes effort to say. When spoken out-loud, the line reads almost as if it were in slow motion. Line 41 is almost entirely composed of stressed feet,Show MoreRelatedEmphasizing The True Meaning Of Poems By Andrew Marvell And John Donne s A Valediction : Forbidding Mourning1148 Words à |à 5 PagesTrue Meaning of Poemsâ⬠Around the seventeenth century the poets Andrew Marvell and John Donne expressed their feelings through poetry. Both John Donne, born in 1572 and Andrew Marvell, born in 1621 in England, are known for their ideas of metaphysical poetry. Metaphysical poetry is a persuasive poem that uses a conceit. It focuses on imagery, paradoxes, arguments, philosophy and religion. Andrew Marvellââ¬â¢s ââ¬Å"To His Coy Mistressâ⬠and John Donneââ¬â¢s ââ¬Å"A Valediction: Forbidding Mourning,â⬠focus on the themeRead More To His Coy Mistress Essay1227 Words à |à 5 PagesTo His Coy Mistress Compare and Contrast ââ¬Å"To His Coy Mistressâ⬠By John Donne. ââ¬Å"To His Coy Mistressâ⬠and ââ¬Å" To His Mistress Going to bedâ⬠are two poems that feature ââ¬Å"carpe diemâ⬠; they are also written by two of the most well known metaphysical poets. Andrew Marvell, the author of ââ¬Å"To His Coy Mistressâ⬠and John Donne, the writer of ââ¬Å"To His Mistress Going To Bedâ⬠. Both poems were written through the 16th and 17th Century, where love and sex were describe as two different things. 16th and 17th Read MoreMetaphysical Poetry By John Donne1590 Words à |à 7 PagesAwaga Grade 11 B Metaphysical Poetry According to English language, when metaphysical is divided into two words ââ¬Ëmetaââ¬â¢ is defined as after and physical remains as it is. Thus metaphysical means after the physical. The definition above was according to English language, however according to poetry isâ⬠¦. Many poets got involved in metaphysical poetry like: Samuel Johnson who wrote his book which is known as ââ¬Ëââ¬â¢Lives of the Most Eminent English Poetsââ¬â¢Ã¢â¬â¢, Henry Vaughan, Andrew Marvel, Richard Crashaw, GeorgeRead MoreThe Metaphysical And Victorian Concept Of Love Essay1308 Words à |à 6 Pagesin Porphyria s Lover by Robert Browning with the playful love in nature in To His Coy Mistress by Andrew Marvell. Love has multiple definitions and it has so far remained among the most complex subject that require a single particular definition to define its meaning. Plato once said At the touch of love everyone becomes a poet and that s why may be we have so many diverse poetry on the s ubject of love with so many different definitions of love that are available. Shakespeare wrote inRead More The Sun Rising by John Donne and To His Coy Mistress by Andrew Marvell2276 Words à |à 10 PagesThe Sun Rising by John Donne and To His Coy Mistress by Andrew Marvell John Donne and Andrew Marvell were two of the most outstanding of the English Metaphysical poets of their era. In both of the poems to which this piece of extended writing refers, highly intellectual and complex imagery is used to make us discover the hidden meanings behind their unconventional love poetry. Both poems were written at a similar period, and though both authors were similar in ways, thereRead MoreMetaphysical Poems792 Words à |à 4 PagesMetaphysical Poets John Donne and Andrew Marvell were considered metaphysical poets based on their use of conceit and wit in depicting similar situations through different metaphors. They would use original analogies to create fitting and insightful comparisons, usually to persuade. John Donne and Andrew Marvell have been called metaphysical poets. This is a,â⬠name given to a group of English lyric poets of the 17th centuryâ⬠(Metaphysical poets)â⬠The term metaphysical poets came to be used almostRead MoreThe Flea, By Andrew Marvell996 Words à |à 4 PagesJohn Donne s, The Flea, and Andrew Marvellââ¬â¢s To His Coy Mistress are persuasive poem in which the speaker is attempting to establish a sexual union with his significant other. These poems is spoken by a male lover to his female beloved as an attempt to convince her to sleep with him. John Donne and Marvell brings out and shapes this meaning through his collective use of conceit, rhythm, and rhyme scheme. The basic theme of the poems is the speakerââ¬â¢s need to turn his ââ¬Å"coy mistressâ⬠into a ââ¬Å"willingRead MoreComparing To his Coy Mistress by Andrew Marvell and To his Mistress Going to Bed by John Donne1511 Words à |à 7 PagesMistress by Andrew Marvell and To hi s Mistress Going to Bed by John Donne In recent times I have compared and contrasted two pieces of love poetry, both of which are exceptionally lyrical and full of intellectual language that bring the poems alive with elaborated metaphors that compare dissimilar things, as they Inare equally, yet somehow individually both metaphysical poems. The first of these poems that I comprehended was To his Coy Mistress; (written by Andrew MarvellRead MoreComparison of How John Donne and Andrew Marvell Present Death in Poems To His Coy Mistress and Holy Sonnet X1163 Words à |à 5 PagesComparison of How John Donne and Andrew Marvell Present Death in Poems To His Coy Mistress and Holy Sonnet X In the poems To His Coy Mistress and Holy Sonnet X the idea of death plays a strong part in the overall messages of the poems. Both poets use effective but very different methods in order to put forward their views and/or to make a point about society. ====================================================================== John Donnes poem Holy Sonnet X is veryRead MoreCharacteristics of Metaphysical Poetry876 Words à |à 4 PagesWhat is a metaphysical poem? Metaphysical poetry is concerned with the whole experience of man, but the intelligence, learning and seriousness of the poets means that the poetry is about the profound areas of experience especially - about love, romantic and sensual; about man s relationship with God - the eternal perspective, and, to a less extent, about pleasure, learning and art. Metaphysical poems are lyric poems. They are brief but intense meditations, characterized by striking use of wit
Wednesday, May 13, 2020
Achilles, Aeneas, and Roland - 979 Words
Imagine living in a turbulent world, where people lived their day to day lives praying that they would see the next sunrise. That was life for villagers that lived during the times of the ancient Greeks and Romans, as well as during the medieval period when Germanic tribes ruled Europe. To help them get through their very insecure days, people would tell oral stories of great heroes, like those of Achilles, Aeneas, and Roland. Achilles was a Greek war hero who fights in the Trojan War, a ten year long war between Greece and Troy (present day Turkey). Aeneas was an epic hero in ancient Roman folklore. He was a soldier who fought in the Trojan War and after surviving the destruction of Troy, he later founded the city of Rome. Roland was anâ⬠¦show more contentâ⬠¦He was described as a model medieval hero, because he was a natural Christian leader who was sent on a holy war to stop the Muslims from invading and converting France. He was a noble Frenchman, who died at the hand of p ower and land hungry, Islamic forces. At the end of the story, it is said that he died while he was chasing away the pagans. To this day, in the 21st century, homo sapiens still write stories about heroes that will save them and society. The number one characteristic that describes a hero is one that has a Stoic sense of duty that can overcome the desire for personal fulfillment. Achilles, Aeneas, and Roland were all created to create personal comfort for their people that lived in such a hectic and dangerous world. These three protagonists who were viewed by their cultures as gods also showed their people that they did portray human characterists (two out of the three even die) and that anyone can be like them if they tried. In a way they were used to inspire their respective residents to be better civilians in their community. If everyone could follow that, than living in a turbulent world would go from reality toShow MoreRelatedSummaries of Indapatra and Sulayaman, the Song of Ro land and Iliad2416 Words à |à 10 Pagesplant withered and it means that Sulayman died * He removed the wings and he prayed to Bathala. * And the hero ressurected The Song of Roland A French Epic Author * Since the song of Roland is the oldest surviving major work of French Literature, there is no evidence about the author * It is written from 12th to 14th Century The song of Roland is attributed to... * France, specifically, the story told in the poem is based on a historical incident, theà Battle of Roncevaux Passà onRead More12 Literary Piece1670 Words à |à 7 Pagesbecame the basis of democracy. 7. The Divine Comedy: (A Dante of Italy). This shows the religion and customs of early Italians. 8. El Cid Comedy: This shows the cultural characteristics of Spaniards and their national theory. 9. The Song of Roland: This includes the Doce Pares and Ronces Valles of France. It tells about the Golden Age of Christianity in France. 10. The Book of the Dead: This includes the cult of Osiris and the Mythology and theology of Egypt. 11. The Book of the Days:Read MoreBiography Of Ancient Greek Poet Homer2350 Words à |à 10 Pagesthat the Iliad was the work of Homer s childhood and the Odyssey of his development. This basic yet intense recognition represents the wide divergences in good and religious tone between the two. The Iliad is the appalling story of the respectable Achilles, who impeccably encapsulates the antiquated Greek beliefs of brave direct additionally experiences the human failings of pride and outrage. The Grecian armed force is partitioned by quibbling, numerous commendable men are murdered, and even the divine
Wednesday, May 6, 2020
Epic theatre Free Essays
The only form that can grasp the processes which drama needs to grasp if it Is to provide an all-encompassing view of the worldâ⬠BBââ¬â¢s ââ¬Ëall-encompassing view of the worldââ¬â¢ was Marxism. Epic Theatre derives from Greek. Epos, story. We will write a custom essay sample on Epic theatre or any similar topic only for you Order Now A form of theatre which self consciously narrates. Estrangement effect = estrangement/alienation effect: distancing the viewer from the action; encouraging rational thought and analysis; reducing emotional catharsis. Aristotelian Theatre / non-Aristotelian Theatre. Term derives from Aristotleââ¬â¢s Poetics. A. formulated an aestheuc based on catharsis, ( = purging of emotion through empathy), hence BBââ¬â¢s description of his Epic Theatre as ââ¬Å"non-Aristotelian Theatreâ⬠. Epic Theatre = Historicised theatre, theatre about the present, but not set In the present. (Distanclatlon) verfremdungseffekt (V-Effekt): Entfremdung both equal alienation. But? Estrangement aims to facilitate rationality, reason, reflection; militate against empathy and catharsis; learning either from or against characters; making politics into art: ââ¬Å"The politicisation of aesthetics and the aesthetlclsatlon of politics. ââ¬Å" BB was also a great manipulator of genre. Adaptations, parodies, allegories, parables (political not moral e. g. Arturo Ui). 1 . PARODY: Keeping an existing cultural form, but inserting a different content. The Threepenny Opera (1928): an opera peopled by beggars, gangsters ; prostitutes 2. TRAVESTY ( = disguise): retaining a familiar existing content, but delivering It In a new or different form. Two examples: The Sex Pistolsââ¬â¢ punk version of God Save the Queen. The creditsââ¬â¢ music at the end of Michael Mooreââ¬â¢s Bowling for Columbine? : the Ramones upbeat version of Wonderful world originally recorded by Louis Armstrong. Why is that travesty, and whatââ¬â¢s the effect in the context of the film and Its subject matter (crime, racism and the gun-culture in the LISA)? 3. PARABLE: ââ¬Å"Narration by analogy. A didactic narrative conveying a moral truth or message in another guise. â⬠M. H. Abrams, A Glossary of Literary Terms, London, 1988. Compared to Kafkaââ¬â¢s parables (e. g. Before the Law? 4. ALLEGORY: ââ¬Å"A narrative in which the agents and action, and sometimes the setting as well, are contrived so as to make coherent sense on the ââ¬Ëliteralââ¬â¢, or primary level of significance, and also to signify a second, corresponding order of agents, concepts and eventsâ⬠. M. H. Abrams, ibid. The Resistible Rise of Arturo Ui (1941) reflects in parabolic form events in Germany 1929- 1939. Allusion, rather than direct one-to-one reference. Apparently/superficially about gangsters in 1930s Chicago, but actually about fascismââ¬â¢s rise to power in Germany. Hitler as A1 Capone, Nazi politicians as 1930s Chicago gangsters, but talking in classical metre ands presented as if in a classical tragedy. Also a parable, with a political moral: ââ¬ËThe womb is still fertileâ⬠. Donmar Warehouse London, 2008: Arturo I as Robert Mugabe. . As parables by definition simplify complex processes, BBââ¬â¢s model of Germany 929-1938 is inevitably incomplete. What is missing historically? Complex negotiations re. Weimar cabinets before 1933 The book burnings (1933) The Persecution and expulsion of intellectuals (post-33) The Nazi Olympic games (August 1936) The Hitler/Stalin pact (August 1939) The Spanish civil war July 1936 ââ¬â March 1939) The Munich agreement (Sept 1938) What is retained? 1 . The NAZI tactic of pseudo-legality , so for instance the Nov 1923 Beer Hall Putsch is referred to as a failed bank robbery. BUT: Thereââ¬â¢s no mention of Hitlerââ¬â¢s electoral support 2. BB suggests that the petty bourgeoisie were forced to support Hitler. . Various political manoeuvrings around Hindenburg are addressed in the play, but Brechtââ¬â¢s portrayal distorts history: In reality the Junkers supporting Hindenburg were not captains of industry, but pre-industrial agricultural landowners, economically archaic, a politically powerful landowning elite. BB solves this problem by giving the cauliflower trust a dual function: they are both industrialists and they also represent the Junkersââ¬â¢ agricultural interests. 4. The ââ¬ËAnschlussââ¬â¢ (annexation into the greater German Third Reich in 1938) is portrayed by 8B, but BB gives a different reason for it n the play, so that Ul invades Cicero to allow business to expand its interest and markets. BB ignores the political and nationalist motivation of Hitlerââ¬â¢s Anschluss, i. e. bringing the Germans ââ¬ËHeim ins Reichââ¬â¢. The play portrays historical figures in characters represent types: social, political, economic, class positions. Dogsborough represents the old right-wing traditional conservatives in Germany, Dollfuss the same in Austria, Trustherren represent the capitalists, and Kleinhà ¤ndler represent the middle class. But BB gives hardly any insights into Hitler the person. Although Ui is a ively theatrical character, heââ¬â¢s very one-dimensional, a thug with hardly any charisma. Brecht: using non-realist techniques to penetrate beneath the surface appearance of capitalism to reveal its essential reality, its power strategies and economic relations. Dramatic realism (naturalism): Dismissed by Brecht as too preoccupied with the accuracy of surface details. The realist myth of a ââ¬Ëslice of lifeââ¬â¢ Mere reproduction of reality is inadequate. dramatic action is Art as a lamp, not a mirror Illumination, v. reflection Art should draw attention to the conditions and the process of its own production Non-realistââ¬â¢: expose the illusion striven for by naturalist and realist writers and directors, the myth that what they offer an audience (in a theatre, cinema or wherever) is an uncomplicated unmediated ââ¬Å"slice of lifeâ⬠. For Brecht non-realist methods, transcending the limitations of the strictly empirical, the verifiable, were (paradoxically? ) those most appropriate to understanding the true nature of reality, not Just its superficial appearance. Brecht believed he was not anti realism as such, he preferred a different form of realism. In this experimental sense Brecht was both a realist and a modernist. Typical techniques of Brechtian epic theatre in performance 1 . Announcer summarising the events to come. 2. Actors stepping outside their roles, addressing the audience, reminding us we are watching a play 3. Characters singing (as in opera, but to didactic effect) 4. Actors swapping roles (to prevent emotional identification). 5. (In film) Montage Verfremdungseffekt : a practical example SPRING The play of the sexes (regeneration of the species) is renewed Every Spring. The lovers Meet. The gentle embrace Of the loverââ¬â¢s hand makes the Girlââ¬â¢s breast tremble. Her fleeting glance beguiles him. In Spring the countryside Appears to the lovers renewed. The air is already warm. The days grow long and The fields stay light later. In Spring the trees and grass Grow free of inhibition. Fertilisation in the forests and fields gathers pace. And the earth gives birth to the new, Free from care and precaution. From the sound film Kuhle Wampe co-scripted by Brecht, Germany, 1931/2 James Lyon, Brecht and Hollywood Conclusion: Some broader Brecht issues to reflect on: BBââ¬â¢s primary attraction to Marxism was his thirst for greater knowledge and greater understanding of social processes, what he called the ââ¬Å"temptationâ⬠of rational hought (Galileo? BB was above all a scientific thinker, who sought rational solutions to social problems. He rejected metaphysics and all forms of irrationalism, and prioritised empirical thought. Precisely because of his apparently total ; exclusive dedication to rationalism BB was worthy of the term UTOPIAN thinker. BB was the ultimate rationalist, more dedicated to the analytical methods of Marxist enquiry than to Marxism ââ¬â¢s practical implementation. Did BB fetishise idolise science? Did he acknowledge its limitations? How appropriate is BBââ¬â¢s work to the post-modern age, when scepticism about the ncritical appliance of science, and thus about the desirability of human progress humankind, seem to dominate the political agenda? How does the above relate to Life of Galileo? Is BB now passà ©, given the end of the Cold war, the demise of ââ¬Å"real existing socialismâ⬠in eastern Europe, and the ââ¬Ëdisappearanceââ¬â¢ of his chosen German homeland (DDR) after German re-unification in 1990? Or is BBââ¬â¢s project (to inject politics into art and art into politics i. e. to make both activities fun) now even more necessary? Look out for the predilection amongst some TV advert designers for Brechtian self- irony! The essays excerpted in John Willetââ¬â¢s The Theatre of Bertolt Brecht are a good starting-point for investigating Brechtââ¬â¢s views on theatrical practice. From The Modern Theatre is the Epic Theatre (notes on Mahagonny): the ââ¬Ëshifts of accentââ¬â¢ between dramatic theatre and epic theatre. Wears down his capacity arouses his capacity for for action action provides him with sensations forces him to take decisions experience picture of the world the spectator is involved in he is made to face something omething suggestion argument instinctive feelings are preserved are brought to the point of recognition the spectator is in the thick of it, spectator stands outside, studies shares the the human being is taken inquiry the human being is the object of the for granted eyes on the finish eyes on the course one scene makes another each scene for itself growth montage linear development in curves evolutionary determinism Jumps man as a fixed point man as a process thought determines being social being determines thought feeling reason Brecht on Theatre. How to cite Epic theatre, Papers
Tuesday, May 5, 2020
Efficient Market Inefficiency of Capitalization â⬠MyAssignmenthelp
Question: Discuss about the Efficient Market Inefficiency of Capitalization. Answer: Introduction Troy a venture capitalist founded a hedge fund foundation known as Northwest capital management. The main aim and objective of such organsiation is to minimise the trading risk while infusing money in the market securities. Both public and private money is invested in the hedge fund. Analyst in the present case study discussed about the expectation of Troy regarding the declining housing market with an expectation about growth in the oil market in the future terms. As in general treasury bonds are the fixed income bearing securities issued by the government department for the long range of period. However such type of securities can be freely transferable in the indirect market at the value prevailing at the certain period of time. These are risk free securities. Reviewing upon the direct and indirect nature of treasury bonds it totally depends upon the fact from where the investor has purchased such bonds. Venture capitalist Troy through his hedge fund group Northwest capital management can bid in the primary market or can purchase at a reasonable price in the secondary market (Haugen Baker, 1991). To hedge the risk the asset management company should also invest in some sort of indirect and direct investments. In the present case where the AMC is looking forwards to invest in a debt fund it is sort of direct debt investment with a fixed range of returns. However as far as energy stock is concerned if the AMC is investing in the individual en ergy stocks with its individual screened name then he is certainly investing in the direct securities. But in the case structure if the Troy is investing in the pool of energy stock through foundation trust or mutual funds related to relevant sector then he is investing in the indirect securities (Guercio Reuter, 2014). The AMC Northwest capital management formulated a common pool of securities where he himself and certain investors place their contribution that is to be invested in accordance with a stated objective. The ownership of complete fund is joint and mutual in the particular case. The entry load and management fees of such funds are subdivided among the number of units that are sold in the external market. Troy in the present case faces issues with selecting the fund in the portfolio (Fama French, 2010). He has to regularly switch his investments while viewing the external market opportunities and the current prevailing conditions in the external market. For instance in the present case, the AMC is exiting from the housing group stocks due to future forecast of financial downfall in the particular sector. Alternatively Troy is wishing to invest in the energy segment companies as in the future period certain stock will create a hike as witnessed by external current market situations. Apart from growth prospect, the Asset management company is working out towards the hedging the security risk while diversifying the complete risk among the debt and equity stocks. To work out in the particular area the Northwest capital management group has invested the total pool of funds in the treasury funds which sustains the feature of risk free returns and certain part of money in the energy stocks (Manek, 2016). To further reduce the risk to acceptable investor appetite the fund manager can work out in the direction of investing the funds in the indirect energy securities rather than in direct particular stocks. Indirect security investment in the present task makes sense that fund manager invest in the pool of sartorial securities in certain proportion while reviewing the market Beta factor. Analyst can also trade in the energy sector index funds to work out more effectively and efficiently. It is reviewed that while hedging the risk while utilising the hedge funds might red uce the returns to certain level in the short run but seeking the long term portfolio investment approach and making a risk benefit analysis it has been worked out that investor is in ultimate profitability position at the reduced risk level (Authority, 2015). The analyst has also need to consider the entry and exit load as the frequent switch between the investments might enhance the cost associated with the complete portfolio which ultimately puts a great affect on the overall portfolio returns (Avramov, et. al., 2011). As in the current case scenario investor while infusing his funds in the portfolio of the current AMC suffered loss due to which initial funds invested got reduced to considerable level. This position comes into fact when the investor has placed its complete fund in the particular direct security and not diversifying its portfolio. An investor is advised to not keep all his funds invested in a single security to minimise the investment loss (Arouri Nguyen 2010). Additionally the AMC has not placed the certain portion of investors fund in the risk free treasury bonds. Although these bonds do provide the returns at lower level as comparison to the direct funds but it saves the investor to get his funds eaten up. Northwest capital management should utilise the approach of diversification in its portfolio with overall reference to overall fund management, this makes sense that the fund manager should work out with the number of securities for the purpose of spreading and reducing the risk that sustains in all the financial securities. The risk of portfolio (indirect securities) is considerably lesser than the individual securities (direct securities). Combining security assets in the AMC portfolio should be done in an appropriate manner subject to the degree of correlation between the assets. Troy Dexter needs to minimize the risk by investing the money of the investor in different sector to reduce the risk of loss of money of the investor. The Troy Dexter to minimize the risk of the investor needs to invest in derivative marker t where in future and option minimum lot are fixed. The buying in future and option minimum lots are fixed. The buying in future involves rutting up the margin money a nd minimizing the risk by keeping low margin than the assets value. These contracts are for hedging, arbitration and speculation and for this the investor must open a derivation trading account with a derivative broker. The northwest capital management needs to adopt various hedging strategy to reduce the market risk depending upon the portfolio or the assets which the company is planning to hedge. The Northwest capital management can make the use of the various tools to reduce the market risk which includes constructing the portfolio, volatile hedging and by making the use of the option. These tools are more effective to reduce the risk of the investment. The Northwest capital management company can make the use of modern portfolio theory which diversifies the assets among various groups to reduce the volatility of the investment. The method uses the statistical approach to identify the expected amount of return from the defined amount of risk. The technique identifies the correlation between the various assets and identifies the volatility of the investment for the purpose of creating optimal portfolio to deliver the best result to the investor. Many of the financial institute use the modern portfolio theory for the purpose of risk management practices and provide the curved linear relationship between the risk and the return which the company is earning. The Northwest capital management company can use option which is the other powerful tool for reducing the risk of the investor. For the purpose of hedging the stock with reasonable liquidity can put buy put option for the purpose of protecting against the of downside move. The index option helps in tracking large stock indexes for the purpose of maximizing the return (Manek, 2016). In the above report analyst has discussed about the Venture capitalist Troy who behalf on his personal Asset management company Northwest capital invest the certain amount of funds for his individual and external investor purposes. Depending upon the external market situation and different risk attitudes of his fund investors he switches his funds in the different proportion among the direct and indirect securities. The analyst in the above report detailed about the particular case in which while investing the funds in the direct fund he ends up his total investment amount. Making Norwich Tools lathe investment decision Payback period method The method is the most effective and easiest way of measuring the risk associated with the investment. The payback period measures the duration within which the company will recover the cost made over the investment. The between the two or more project is made on the basis of the project having shorter payback period. This method is easy to use and involves less complexity as it reduce the evaluation to the simple number of year which provide clear picture of the investment (Storesletten, 2003). It helps in identifying the project which delivers faster return and is important of the company possessing limited cash to recover the cash as quickly as possible. It helps in evaluating the project with the smaller investment and avoid conducting the rigorous economic analyse. The method ignores the time value of the money which is one of the major disadvantages of the project and the cash flow may be irregular as most the return occur well until the near future. The project may have expected return but many of the time fail the company minimum requirement of the minimum payback period. The method also doesnt consider the cash flow after the payback period which also plays a critical role on investment. Lathe A Lathe B Year Cash flow Cumulative cash flow Cash flow Cumulative cash flow 0 (660000) (660000) (360000) (360000) 1 128000 (532000) 88000 (272000) 2 182000 (3500000 120000 (152000) 3 166000 (184000) 96000 (156000) 4 168000 (16000) 86000 30000 5 450000 434000 207000 237000 Payback period of Lathe A- 4+16000/450000 =4.0356 years Payback period of Lathe B- 4+56000/486000 =3.6512 years Analyse- after analysing the above two method using the payback period it was identified that Lathe B is much better in comparison to that of Lathe A as it is having shorter payback period. But the method doesnt consider the cash flow after the payback period which is higher in the case of Lathe A. Net present value The method compares the investment which was made today with the present value of the future cash flow and consider the time value of money at the time of measuring the investment. The method considers the cash flow throughout the life of the project thus consider effective over the other method. In the method profitability and the risk of the project are given high priority and it also helps in maximizing company value. The major disadvantage is that it requires lots of complexity at the time of applying the method. The method does not give the adequate result if the amount of the investment is different in the two projects (Olawale, et. al., 2010). Also it creates complexity due to not availability of the adequate discount rate and may not give the correct decision when the project has uneven life. The project with the higher NPV is considered better at the time of decision making. Lathe A Lathe B Year P. v factor P.V of the current cash flow Cash flow P.V of the current cash flow 0 1 (66000) (360000) (360000) 1 0.885 113280 88000 77880 2 0.783 142506 120000 9396 3 0693 115038 96000 66528 4 0.613 102984 86000 52718 5 0.542 243900 207000 112194 NPV 57708 NPV 43280 Analyse from the consideration of the NPV method Lathe A is better in comparison to that of lathe as it is providing higher return to the company. This is because the total cash inflow from the project A is higher than that of project B. Internal rate of return- it is the capital budgeting measuring which helps in making choice between the various investment and is the interest rate at which net present value of the investment is zero. If the IRR exceed the company rate of return than the project should be accepted on the other hand if falls below the project should be rejected. The method makes the perfect use of the concept of the time value of the money and provides importance to all the cash flow (Bhattacharya, 2014). The method doesnt require calculating cost of capital and helps in attaining maximum profitability of the shareholder. The method creates difficulty in the case of two mutually exclusive projects and involves unrealistic assumption. Lathe A = 113280 +142506 + 115038 + 102984 + 243900 /660000 = 1.0874 Lathe B = 77880 + 93960 +66528 +52718 +112194 / 360000 = 1.1202 Analyse- The IRR of the Lathe is better so should be considered for investment. Recommendation By applying above capital appraisal technique it was identified that from the point of view of NPV Lathe A is better, on the other hand from the point of other two methods Lathe B is better. Referencing Arouri, M. E. H., Nguyen, D. K. (2010). Oil prices, stock markets and portfolio investment: evidence from sector analysis in Europe over the last decade.Energy Policy,38(8), 4528-4539. Authority, F. C. (2015). Hedge Fund Survey. Avramov, D., Kosowski, R., Naik, N. Y., Teo, M. (2011). Hedge funds, managerial skill, and macroeconomic variables.Journal of Financial Economics. Bhattacharya, H. (2014).Working capital management: Strategies and techniques. PHI Learning Pvt. Ltd.. Fama, E. F., French, K. R. (2010). Luck versus skill in the cross?section of mutual fund returns.The journal of finance. Guercio, D. D., Reuter, J. (2014). Mutual fund performance and the incentive to generate alpha.The Journal of Finance. Haugen, R. A., Baker, N. L. (1991). The efficient market inefficiency of capitalizationweighted stock portfolios.The Journal of Portfolio Management. Manek, V. B. (2016). Mutual Fund Performance: A Study On The Effect Of Portfolio Turnover On Mutual Fund Performance In The Indian Financial Market. Olawale, F., Olumuyiwa, O., George, H. (2010). An investigation into the impact of investment appraisal techniques on the profitability of small manufacturing firms in the Nelson Mandela Metropolitan Bay Area, South Africa.African Journal of Business Management. Storesletten, K. (2003). Fiscal implications of immigrationA net present value calculation.The Scandinavian Journal of Economics.
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