Sunday, March 15, 2020
Interesting Gadolinium Element Facts Gadolinium is one of the light rare earth elements belonging to the lanthanide series. Here are some interesting facts about this metal: Gadolinium is silvery, malleable, ductile metal with a metallic sheen. It is fluorescent and tends to have a faintly yellowish tint.Gadolinium, like other rare earths, is not found in pure form in nature. The primary source of the element is the mineral gadolinite. It is also found in other rare earth ores, such as monazite and bastnasite.At low temperatures, gadolinium is more ferromagnetic than iron.Gadolinium has superconductive properties.Gadolinium is magnetocaloric, which means its temperature increases when it is placed in a magnetic field and decreases when it is removed from the field.Lecoq de Boisbaudran separated gadolinium from its oxide in 1886. He named the element forÃ Finnish Chemist Johan Gadolin, the discoverer of the first rare earth element.French chemist and engineerÃ Felix Trombe was the first to purify gadolinium in 1935.Gadolinium has the highest thermal neutron cross section of all the elements.Gadolinium is used in nuclear reactor control rods to regular fission. The element is injected into MRI patients to increase image contrast.Other uses of gadolinium include manufacture of certain iron and chromium alloys, computer chips and CDs, microwave ovens, and televisions.The pure metal is fairly stable in air, but tarnishes in moist air. It slowly reacts in water and dissolves in dilute acid. At high temperatures, gadolinium reacts with oxygen. Gadolinium Chemical and Physical Properties Element Name: GadoliniumAtomic Number: 64Symbol: GdAtomic Weight: 157.25Discovery: Jean de Marignac 1880 (Switzerland)Electron Configuration: [Xe] 4f7 5d1 6s2Element Classification: Rare Earth (Lanthanide)Word Origin: Named after the mineral gadolinite.Density (g/cc): 7.900Melting Point (K): 1586Boiling Point (K): 3539Appearance: soft, ductile, silvery-white metalAtomic Radius (pm): 179Atomic Volume (cc/mol): 19.9Covalent Radius (pm): 161Ionic Radius: 93.8 (3e)Specific Heat (20Ã °C J/g mol): 0.230Evaporation Heat (kJ/mol): 398Pauling Negativity Number: 1.20First Ionizing Energy (kJ/mol): 594.2Oxidation States: 3Lattice Structure: HexagonalLattice Constant (Ãâ¦): 3.640Lattice C/A Ratio: 1.588 References Los Alamos National Laboratory (2001), Crescent Chemical Company (2001), Langes Handbook of Chemistry (1952), CRC Handbook of Chemistry Physics (18th Ed.)
Thursday, February 27, 2020
Group Development Application Paper Assignment Example | Topics and Well Written Essays - 2250 words - 1
Group Development Application Paper - Assignment Example This paper is mainly meant to establish a workable leadership plan that a director can employ in performing his or her duties. The paper puts into consideration works done by other scholars and how some of their ideas can help build the plan in question. The plan will have a structure that will contain the background factors to be considered in making the plan; the leadership style that the plan will capitalize on; the stages of development of the plan and the factors to consider such as the limitations of the plan and the possible critics of the same. As a director of school, one ought to follow some sort of framework or ideologies in order to perform his or her duties satisfactory. It is important that one understand the duties he is expected to perform at his or her position so that he can achieve the goal of the organization that he or she is directing as well as his personal goals. In order to fulfill the duties of school director, a director must be present at the school during most of its operating hours and shall have designated someone with sufficient authority to function as director in his/her absence. This is to say that the director should be able to delegate duties responsibly even when he or she is not in a position to make an appearance at the school (Lawson 3-4). It is therefore important for students interested in venturing into this career setting to come up with an intellectual plan to guide them in leadership and performance of their duties as directors of schools. As a director one ought to come up with a leadership style that suits his or her situation and organization. For instance, the leadership plan in this paper will be structured in a way that it will suit the duties of a director in a school. In order to supervise a school effectively, a direct should take into consideration the following: Be available during the normal operational hours of the school and have
Tuesday, February 11, 2020
Peer review of classmate's paper - Essay Example This provides the reader with very well organized information. Having read such a comparison essay, the reader can easily remember the conflicts of opinions of the scholars that were discussed in the essay. Block system, on the other hand, provides a writer with increased convenience but it does so, on the cost of the quality of comparison. In the block system of a comparison essay, the writer discusses the opinions of only one scholar in the whole paragraph or a series of paragraphs on several aspects of the subject under consideration, and later, totally discusses the views and opinions of the second scholar. This is exactly what you have done in a major part of the essay. In such a system, the reader forgets the essayÃ¢â¬â¢s status of a comparison essay, and takes it as a regular essay. Although the reader gains knowledge about the opinions of both the scholars, yet he/she may feel difficulty recapitulating conflicting views of the two scholars over specific aspects of the subje ct.
Friday, January 31, 2020
The strategic plans of Procter and Gamble Essay INTRODUCTION Ã Ã Ã Ã This study is being undertaken in order to review the strategic plans of Procter and Gamble. The Human Resource activities of the company will be identified including their estimated costs and benefits. Also, the study will identify the strategic activities and how it match the strategic goals of the company. Ã Ã Ã Ã Finally, this study will formulate recommendations on how the organization might better match its human resource activities with its strategic benefits. COMPANY BACKGROUND Ã Ã Ã Ã Procter and Gamble Company is a U. S. based global corporation based in Cincinnati, Ohio. It manufactures a wide range of consumer goods. The company is the 25th largest U.S. company by revenue in 2007. It is the 18th largest by profit, and 10th in FortuneÃ¢â¬â¢s most admired companies list as of 2007. Ã Ã Ã Ã The company was founded by William Procter, a candle maker, and James Gamble, a soap maker in 1837. These two men were immigrants from England and Ireland respectively. The company grew tremendously and throughout the twentieth century, it continued to prosper. The firm expanded into other countries and introduced Tide laundry detergent in 1946 and Ã¢â¬Å"PrellÃ¢â¬ shampoo in 1950. In 1955, the company began selling its first toothpaste to contain fluoride which is known as Ã¢â¬Å"CrestÃ¢â¬ (Dyer et al., 2004). Ã Ã Ã Ã Currently, the company is ranked in the top ten by the Harris Interactive/Wall Street Journal list of companies with the worldÃ¢â¬â¢s best reputation, the number one ranking in FortuneÃ¢â¬â¢s U.S. Household and Personal Products most admired list. It is ranked number two on the Hay Group list of Best Companies for Leaders, and the Market Sector Leader for Household Products in the Dow Jones Sustainability Index (PG Annual Report, 2007). Ã Ã Ã Ã PG ranks among the top companies for Executive Women (National Association for Female Executives), African Americans (Working Mother and Women of Color Magazines), Working Mothers (Working Mother Magazine), and Best Corporate Citizens (Business Ethics Magazine) (Ibid). Ã Ã Ã Ã Supplier diversity is a fundamental business strategy of the company. In 2007, the firm spent over $1.9 billion with minority-and women-owned businesses. It is a member of the Billion Dollar Roundtable, a forum of 14 corporations that spend more than $1 billion annually with diverse suppliers (Ibid). Overview of Operations Ã Ã Ã Ã The business of Procter and Gamble is focused on providing branded consumer goods. The companyÃ¢â¬â¢s goal is to provide products of superior quality and value to improve the lives of consumers around the world. The company believes that this will result in leadership sales, profits and value creation, allowing employees, shareholders and the communities in which the company operate to prosper (Ibid). Ã Ã Ã Ã The firmÃ¢â¬â¢s products are sold in more than 180 countries mainly through mass merchandisers, grocery stores, membership club stores and drug stores. It is continuing to expand their presence in Ã¢â¬Å"high frequency stores,Ã¢â¬ the neighborhood stores which serve many customers in developing markets. The firm on-the-ground operations in over 80 countries. The market is highly competitive, with global, regional and local competitors. In most markets and industry segments wherein the company is selling their products, it compete against other branded products as well as retailersÃ¢â¬â¢ private-label brands. In addition, many of the product segments in which it compete are differentiated by price. Essentially, Procter and Gamble compete with premium and mid-tier products and are well positioned in the industry segments and markets in which it operates. It is most often holding a leadership or significant share position (Ibid). Organizational Structure Ã Ã Ã Ã Currently, the organizational structure of the company was comprised of three Global Operations Units (GBUs) and a Global Operations group. The Global Operations group includes the Market Development Organization (MDO) and Global Business Services (GBS). The heads of the three GBUs and Global Operations each would report to the Chief Executive Officer (Ibid). Global Business Units Ã Ã Ã Ã During 2007, the three GBUs were Beauty and Health, Household Care and Gillette GBU. The main responsibility of the GBUs is to develop the overall strategy of the brands. They identify the common needs of the consumer, develop product innovations, marketing and sales. In the United States, the business units comprising the GBUs are integrated into seven segments: Beauty; Health Care; Fabric Care and Home Care; Snacks, Coffee, and Pet Care; Blades and Razors; and Duracell and Braun (Ibid). Growth and Strategies Ã Ã Ã Ã Procter and GambleÃ¢â¬â¢s sales have grown from $39 billion to $76 billion in the past seven years. The firm have more than doubled the number of brands that generate $1 billion or more in sales each year, and now have 23 of these leading billion-dollar brands in its portfolio. The company also have more than quadrupled the number of brands that generate at least $500 million in sales, and today have 18 of these brands poised to be the next billion-dollar brands. The firm have nearly doubled the number of countries in which it generates a billion dollars or more in sales each year, and now have 12 billion-dollar countries (Ibid). Ã Ã Ã Ã Procter and Gamble (PG) have more than a billion dollars in sales each year with seven retail customers, up from two in 2001. PG have generated more than $43 billion in net earnings and $50 billion in free cash flow. PGÃ¢â¬â¢s Ã market capitalization has increased more than $100 billion since 2001. Currently, the company is among the ten most valuable companies in the United States (Ibid). Ã Ã Ã Ã Procter and Gamble designed a diversified business portfolio to grow consistently and reliably. It designed its core strengths to win in the industry. It designed strategic, operational, and financial processes that ensure discipline to deliver. It also designed a management team and organization to lead (Ibid). 2007 Results of Activities Ã Ã Ã Ã The year 2007 brought results to the companyÃ¢â¬â¢s strategic plan for growth. It was the most demanding year that the company faced since the beginning of the decade. As energy and commodity costs continued to rise, competitive pressure also intensified. Nevertheless, the company continued to grow well and attained its target growth range. The following were the highlights of its operations: Net sales increased 12% to $76 billion. Organic sales increased 5%. Diluted net earnings per share increased 15% to $3.04. Free cash flow from operating activities was $10.5 billion, or 101% of net earnings. Fabric and Home Care grew organic sales 8%, with double-digit growth in developing markets and mid-single-digit growth in developing regions. The key growth drivers included Tide Simple Pleasures, Gain Joyful Expressions, and Febreze Noticeables. Blades and Razors organic sales grew by 8%. Beauty organic sales increased 5%, led by strong growth in feminine care, prestige fragrances, and hair care. Billion-dollar brands Always, Olay, and Head Shoulders each grew sales double-digits for the year. Health Care organic sales incremented 6% which is driven by very strong growth in oral care. In the United States, Crest extended its category market leadership to 38% behind the success of the Pro-Health line. Baby and Family Care organic sales increased 4%. This growth was due to the continuing expansion into developing markets and robust results on Pampers Baby Stages of Development and Baby Dry Caterpillar Flex products in North America. Ã Ã Ã Ã Growth across geographic regions was also broad-based. This was led by mid-single-digit organic volume growth in North America and double-digit organic growth in developing markets. Also, it made excellent progress on the integration of Gillette. This was the biggest acquisition in the consumer products industry and in the history of the company (Ibid). Growth Strategies, 2001-2007 Ã Ã Ã Ã The basic strategy is to grow from its core competence. This is done through maximizing on its leading brands, big markets, and top customers. Specifically, this strategies are as follows (Ibid): Volume up 7% on average, for PG Ã¢â¬Ës 23 billion dollar brands; Volume up 8% on average, for PGÃ¢â¬â¢s top 16 countries; Volume up 8% on average, for PGÃ¢â¬â¢s top 10 retail customers. Develop faster-growing, higher-margin, more-asset efficient businesses and this is done specifically through: Beauty sales doubled to $23 billion profit more than doubled to $3.5 billion; Health Care sales more than doubled to $9 billion; profit increased 6-fold to $1.5 billion; Home Care sales up nearly 85% profit more than tripled. Ã Ã Accelerate growth in developing markets and among low-income consumers as follows: Developing market sales up 18% per year; Over one-third of total company sales growth from developing markets; Developing market profit margins comparable to developed market margins. New Strategic Design Ã Ã Ã Ã The first element of the companyÃ¢â¬â¢s strategic design is a portfolio that balances growth and consistency. Ã Ã Ã Ã In the 1990Ã¢â¬â¢s, two businesses accounted for 85% of all the value created by the firm through the decade. Today, the firm have a much stronger and more robust business portfolio. It is competing in 22 categories that include a balanced mix of faster growing, higher-margin asset-efficient businesses, such as beauty or home care, and large, foundation categories such as laundry, or baby care. PG also have an attractive geographic mix, with about half coming from the rest of the world. The firm is focusing on achieving disproportionate growth in fast-growing developing markets. These markets have contributed more than a third of the companyÃ¢â¬â¢s top-line growth over the past five years, and their contribution has been accelerating. Nearly 40% of PG sales growth came from developing markets this past fiscal year, and it is expected that the contribution would be even greater in the year ahead. The companyÃ¢â¬â¢s diversified portfolio reduces exposure to single and competitive events, and maximizes future growth opportunities. Traditional businesses, like fabric care and baby care, are strong and growing in their own right, and they create scale that makes PGÃ¢â¬â¢s beauty and health care businesses more competitive (Ibid). Ã Ã Ã Ã Geographically, the firmÃ¢â¬â¢s North America home base is rock solid, with dependable growth that allows them to invest in developing markets. Also, the breadth and diversity of the firmÃ¢â¬â¢s businesses and the breadth and diversity of the technological expertise that supports these businesses enable the company to transfer technologies from one business to another. For example, Crest Whitestrips was created by combining bleach stabilization technology from laundry care with film technology from corporate Research and Development (RD) to provide in-home teeth whitening. The Swifter Wet Jet pad combines absorbent cores from feminine care with flexible surface lawyers from baby care. Olay Daily Facials combines structured paper from family care with skin conditioning and mild cleansing from beauty to provide a mini-facial in the home. The companyÃ¢â¬â¢s ability to combine technologies from so many diverse businesses cannot be rivaled in the industry because no other consumer products company has the scope of science and technology found at PG. The firmÃ¢â¬â¢s business portfolio is not static. It uses the operating total shareholder return (TSR) delivered by each business to continuously ensure its portfolio is maximizing shareholder value. TSR is a cash flow return on investment (CFROI) model that measures sales growth, earnings growth and cash flow to determine the rate of return that each business earns (Ibid). Ã Ã Ã Ã The firmÃ¢â¬â¢s researchers and entrepreneurs around the world working in areas that are relevant to their business. They are establishing the company as the preferred commercialization partner for these external innovators, and it is making a huge impact. The firmÃ¢â¬â¢s ability to innovate is most evident in the net present value of its innovation pipeline and the organic incremental sales growth generated by innovation. Innovation-driven value creation for shareholders and incremental sales growth from innovation have nearly doubled in this same time period (Ibid). Ã Ã Ã Ã These are just two examples of how the company designed an institutional capability to grow. The firmÃ¢â¬â¢s core strengths create sustainable competitive advantages, and it is continuing to get stronger in every area. Ã Ã Ã Ã The third element of the companyÃ¢â¬â¢s design for growth is the disciplined way it managed its business. Discipline is part of the companyÃ¢â¬â¢s culture and it is applied to every aspect of the business: strategic, operational, and financial. The company set and stick with clear strategies. It does its homework before going to market with new products and ideas (Ibid). Ã Ã Ã Ã The second element of the firmÃ¢â¬â¢s design for growth is its combination of core strengths. Early in the decade, the firm determined that it did not have sufficient competitive advantage in the five areas that are critical to winning in consumer products: consumer understanding, brand building, innovation, go-to-market capability, and scale. It invested substantially in every area and it is paying off. For example, the company invested more than a billion dollars in consumer understanding since 2001. It transformed one of the industryÃ¢â¬â¢s more traditional market research organizations into a consumer understanding powerhouse. Its external benchmarking indicates that the company has the industryÃ¢â¬â¢s strongest suite of proprietary consumer research tools and methodologies. These tools make the firm learn faster and more effectively, and it helps discover the often unarticulated needs and aspirations that lead to breakthrough innovation (Ibid). Ã Ã Ã Ã Innovation has always been the firmÃ¢â¬â¢s lifeblood, and it created significant advantage in this area. It has the best-in-class expertise in about a dozen technology areas that are the foundation for innovation in the industry, including enzymes, perfumes, and flavors, polymers, structured substrates, and surfactants. The firm multiplied this internal capability through an effort we call Ã¢â¬Å"connect + develop,Ã¢â¬ which is proving to be an enormous source of innovation and competitive advantage. It has about 8,500 researchers within the company and another 1.5 million outside the company (Ibid). Strategic Focus Ã Ã Ã Ã The growth strategy of the company will exploit opportunities focusing on these areas: PGÃ¢â¬â¢s Core. The firm is widening its share advantages versus competition. For example, in fabric care, it is the number two player worldwide in the early 1990s. Today, the firm has a 34% share of the global fabric care market, almost double the next competitor, and its share has grown for six consecutive years. There are plenty of opportunities to keep growing all of the companyÃ¢â¬â¢s billion dollar brands. It is proving in category after category that a leading share, even a relatively high share, is not a barrier to growth. The company aims to continue leverage its brand line-up and category-leading innovation to keep core businesses healthy and growing. Faster-Growing. Higher-Margin Businesses. The company has even greater upside in businesses such as beauty and health care. The beauty and health categories in which PG competes areÃ a combined $360 billion market today, and are projected to grow 3% to 4% a year for the balance of the decade. The firm has almost doubled its share of beauty and health over the past decade although the firmÃ¢â¬â¢s share of this combined market is only about 10% globally. Developing Markets and Lower-Income Consumers. The firm can still grow significantly in developing markets by increasing household penetration and consumer usage frequency, and by entering categoriesÃ where it has not yet competed. For example, the average U.S. householder buys five to ten times as much PG product per year as the average household in developing markets. In addition, there is a large number of households in developing regions that do not yet purchase any PG product. Closing this gap, the company is confident that it can do it over time. It will continue to drive strong growth for years to come. There are significant bottom-line growth opportunities as well. The firm will continue to leverage its economies of scale. It will reduce overhead costs by simplifying work and eliminating duplication between global business units and market development organizations. It will be more effective and efficient in how it will manage smaller country organizations and brands. It will continue to increase productivity in all of its businesses. It will continue to improve gross margins. The companyÃ¢â¬â¢s current margin is about 52% (Ibid). Human Resource Management Ã Ã Ã Ã Procter and Gamble have the most diverse and broadly experienced leadership team in its history. The top 45 leaders came from a dozen countries, and most of them have experience leading businesses in both developed and developing markets (PG Annual Report, 2007). Ã Ã Ã Ã The firm is proud that they have recognized as one of the worldÃ¢â¬â¢s best leadership development companies. PG have been ranked as one of the three best companies for leaders. Human Resources Executive magazine ranked PG as the best company among the Fortune Most Admired for Ã¢â¬Å"management qualityÃ¢â¬ (Ibid). Ã Ã Ã Ã The Human Resource department of PG have developed advanced leadership training or senior managers. The new General Manager College is targeted to the 135 general managers who run PG businesses globally. GM College focuses on Purpose and Value, leadership strategy, capabilities, systems, and culture. They have also designed a sequel to GM College which is called the Executive Leadership Program. This program is targeted to the most-senior managers in the company and focuses on agility and flexibility, embracing leading change, and sustaining growth (Ibid). Ã Ã Ã Ã The firm is concerned with getting the right people into the right jobs at the right time is always a primary responsibility of management. Also, equally important and more difficult is the need to anticipate leadership capabilities that will be required in the future, and ensuring that managers get the experiences and coaching they need to be ready (Ibid). Ã Ã Ã Ã One of the most visible example of the companyÃ¢â¬â¢s ability to develop strong leaders is the number of former PG employees who are now CEOs of major companies. The president of PG himself is personally involved in succession planning for every organization in the company. They review succession plans and the progress of key leaders with the Board once a year, and with the senior management team three times a year (Ibid). Ã Ã Ã Ã The human resource management values and culture of PG is reflected in their principles as follows (www.pg.com): We show respect for all individuals. We believe that all individuals can and want to contribute to their fullest potential. We value differences. We inspire and enable people to achieve high expectations, standards and challenging goals. We are honest with people about their performance. Ã Ã Ã The interests of the Company and the Individual are inseparable. We believe that doing what is right for the business with integrity will lead to mutual success for both the Company and the individual. Our quest for mutual success ties us together. We encourage stock ownership and ownership behavior. Ã Ã Ã Ã We are Strategically Focused on Our Work. We operate against clearly articulated and aligned objectives and strategies. We only do work and only ask for work that adds value to the business. We simplify, standardize and streamline our current work whenever possible. Ã Ã Ã Ã Innovation is the Cornerstone of Our Success. We place great value on big, new consumer innovations. We challenge convention and reinvent the way we do business to better win in the marketplace. Ã Ã Ã We are Externally Focused. We develop superior understanding of consumers and their needs. We create and deliver products, packaging and concepts that build winning brand equities. We develop close, mutually productive relationship with our customers and our suppliers. We are good corporate citizens. We incorporate sustainability into our products, packaging and operations. Ã Ã Ã Ã We Value Personal Mastery. We believe it is the responsibility of all individuals to continually develop themselves and others. We encourage and expect outstanding technical mastery and executional excellence. Ã Ã Ã Ã We Seek to be the Best. We strive to be the best in all areas of strategic importance to the Company. We benchmark our performance rigorously versus the very best internally and externally. We learn from both our successes and our failures. Ã Ã Ã Ã Mutual Interdependency is a Way of Life. We work together with confidence and trust across business units, functions, categories and geographies. We take pride in results from reapplying othersÃ¢â¬â¢ ideas. We build superior relationships with all the parties who contribute to fulfilling our Corporate Purpose, including our customers, suppliers, universities and governments. Ã Ã Ã Ã As such, it is very clear in Ã¢â¬Å"Our PrinciplesÃ¢â¬ of PG that they really value their human resources and that they value the individual, the team and their development to become leaders and their corresponding search towards excellence (www.pg.com). Employee Benefits Ã Ã Ã The company sponsor several post-employment benefits throughout the world. These include pension plans, both defined contribution plans and defined benefit plans, and other post-employment benefit (OPEB) plans, which is comprised mainly of health care and life insurance for retirees (PG Annual Report, 2007). Stock-Based Compensation Ã Ã Ã Ã The company have a primary stock-based compensation plan under which stock options are granted every year to key managers and directors with exercise prices equal to market price of the underlying shares on the date of grant. A total of 229 million shares of common stock were authorized for issuance under plans approved by shareholders in 2001 and 2003, of which 73 million remain available for grant. An extra 20 million shares of common stock were authorized for issuance under a plan approved by Gillette shareowners in 2004 and assumed by the firm in conjunction with the acquisition of the Gillette Company in October 2005. A total of 14 million of the shares remain available for grant under this plan. There are also five million shares available for grant under this plan. There are also five million shares available for grant under Future Shares Plan approved by the Board of Directors in 1997. This plan will terminate in October 2007. Grants issued under the firmÃ¢â¬â¢s shareholder approved plans since September 2002 are vested after three years and have a 10-year life. Grants issued under these plans from July 1998 through August 2002 are vested after three years and have a 15-year life, while grants issued prior to July 1998 are vested after one year and have a 10-year life. In addition to the key manager and director grants, the company makes other minor stock option grants to employees for which vesting terms and options lives are not substantially different (Ibid). Ã Ã Ã Ã Total stock-based compensation expense for stock option grants was $612 million, $526 million, and $459 million for 2007, 2006 and 2005, respectively. The total income tax benefit recognized in the income statement for these stock-based compensation arrangements was $163 million, $140 million and $125 million for 2007, 2006 and 2005, respectively. The company also makes minor grants of restricted stock, restricted stock units and other stock-based grants which are generally expensed at grant date was $56 million, $59 million and $65 million in 2007, 2006, and 2005 respectively (Ibid). Defined Contribution Retirement Plans Ã Ã Ã Ã Procter and Gamble have defined contribution plans which cover theÃ majority of U.S. employees as well as employees in other countries. These plans are fully funded. The firm generally make contributions to participantsÃ¢â¬â¢ accounts based on individual base salaries and years of service. The main U.S. defined contribution plan comprises the majority of the balances and expense for the firmÃ¢â¬â¢s defined contribution plans. The contribution rate is set annually. Total contributions for this plan approximated 15% of total participantsÃ¢â¬â¢ annual wages and salaries in 2007, 2006 and 2005. Procter and Gamble maintains the Profit Sharing Trust and Employee Stock Ownership Plan (ESOP) to provide a portion of the funding for the D.C. plan in the United States as well as other retiree benefits. Total defined contribution expense was $273, $249 and $215 in 2007, 2006, and 2005, respectively. The accumulated benefit obligation for all defined benefit retirement pension plans was $ 8.6 billion and $8 billion at June 30, 2007, and June 20, 2006, respectively (Ibid). MATCHING OF HUMAN RESOURCES WITH STRATEGY Ã Ã Ã Ã The development of key managers through the General ManagersÃ¢â¬â¢ College of PG matched its strategy of growth and diversification as discussed above. The continuous growth of the company requires a constant supply of managerial talents. The employee benefits also matched the strategic goals of the company since these benefits are the motivators that will make the employees and managers work hard since the company spends a lot of money for their insurance, health care, pension plan, and stock-based compensation wherein the company spends billions of dollars. Ã Ã Ã Ã Also, the Ã¢â¬Å" Our PrinciplesÃ¢â¬ of the company as discussed above is also supportive of the strategy of the company wherein these principles promote a culture of independence and at the same time work as a team. It also encourages hard work and excellence for employees in their jobs. RECOMMENDATIONS Ã Ã Ã PG is an excellent company. Most of its strategic management practices are state of the art as well as its HRM practices. However, in order to match the strategic goals of the company, the human resources function should do the following: Conduct intensive training to all of its employees and not only their candidates for senior managers. These trainings should be in line with their respective functions of the employees in their respective divisions, and In order to motivate employees, the stock compensation option should be offered to everyone and not only for key managers. Ã PGÃ¢â¬â¢s infrastructure requirements consist of those functions and activities necessary for the effective management of a companys human resources. The major purposes of these activities traditionally have been to attract, retain, and motivate employees. We refer to them as human resource management (HRM) practices (Schuler, 1984), and the key HRM practices include: Human resource planning Staffing, including recruitment, selection, and socialization Appraising Compensation Training and development Union-management relationships Ã Ã Ã The result of effectively managing human resources is an enhanced ability to attract and retain qualified employees who are motivated to perform, and the results of having the right employees motivated to perform are numerous. They include greater profitability, low employee turnover, high product quality, lower production costs, and more rapid acceptance and implementation of corporate strategy. These results, particularly if coupled with competitors who do not have the right people motivated to perform, can create a number of competitive advantages through human resource management practices. CONCLUSION Ã Ã Ã Ã Although there are many ways by which companies can gain a competitive advantage, as MacMillan (1983) has suggested, one way often overlooked is through their human resource management practices. HRM practices enable companies to gain a competitive advantage in two major ways: One is by helping themselves and the other is by helping others. So there appears to be a significant benefit from having HRM considerations represented in the strategy formulation stage rather than only in the implementation stage. Once the strategy is formulated and the appropriate HRM thrust identified, specific HRM practices need to be developed. These practices, such as staffing and compensation, are the ones that actually create the competitive advantage for the company. In addition, selection of the most appropriate practices should be appropriate to the strategy and lead to behaviors that are supportive of the strategy; for example, if cooperative behaviors are needed among employees, then group or organizational level compensation incentives should be provided rather than an individual-level incentive system. If product quality is critical, quality circles and union-management cooperation should be developed. Ã Ã Ã Ã Once the strategy is formulated, the determination of the needed behaviors comes from job analysis. The HRM practices that stimulate those behaviors must be identified. They must be implemented so as to ensure consistency across HRM practices. It is this hard-won consistency which will help ensure that a competitive advantage through HRM practices is gained and sustained because of the barriers we have just discussed. Ã Ã Ã Ã In addition to using their HRM practices on themselves, companies can also gain a competitive advantage through using their HRM practices on others. Specifically, companies can gain a competitive advantage by helping their suppliers, customers, or servicers/distributors with their practicesÃ Ã Ã Ã REFERENCES Ã ^ a b http://www.pginvestor.com/phoenix.zhtml?c=104574p=irol-fundSnapshot ^ CNN Fortune ranking ^ http://money.cnn.com/magazines/fortune/mostadmired/2007/top20/index.html ^ Dyer, Davis; Frederick Dalzell, Rowena Olegario (2004). Rising Tide: Lessons from 165 Years of Brand Building at Procter Gamble. Harvard Business School Press. ISBN 1591391474. ^ Wherrity, Constance. Dial Agrees to Buy PG Deodorant Brands, Pierce Mattie Public Relations New York blog, 2006-02-21. Retrieved on 2006-09-06. ^ John G. Smale: He rebuilt PG and city, too, The Cincinnati Post, 11 October 2005. ^ 2007 Annual report, pg 71 ^ Reasons for Selection, 2007 Canadas Top 100 Employers. ^ Trademark of the Beast by David Emery, June 10, 1998 ^ Trademark of the Devil by Barbara Mikkelson, snopes ^ Mikkel MacMillan, I. C. Seizing Competitive Initiative. The Journal of Business Strategy, 1983, pp. 43-57. Peters, T. J., and Waterman, R. H. Jr. In Search of Excellence. New York: Warner Books, 1982. Schuler, R. S. Personnel and Human Resource Management (2nd ed.). St. Paul, MN: West Publishing, 1984. Skinner, W. Big Hat, No Cattle: Managing Human Resources. Harvard Business Review, September-October 1981, pp. 107-118. Schulerson, Barbara and David. 2005 December 31
Thursday, January 23, 2020
Revenge of the Killer Genre After years of repeated thematic motifs and unchanging, stereotypical characters, films within a genre often lose their vitality. The conventions become predictable and the underlying myth becomes boring and banal. The innovative director will seek to revitalize a popular myth through a "generic transformation" (Cawelti 520). This essay shall demonstrate how Quentin Tarantino borrows a traditional myth from the gangster genre, subverts it and subsequently installs a new, unorthodox myth in its place. The end result is a new type of film that reaches beyond the established confines of the gangster genre. As with Arthur Penn's Bonnie and Clyde, the radical innovations included in Pulp Fiction make it hard to situate the film within mainstream cinema; it is, as John Cawelti would agree, "difficult to know what to call this type of film". While Penn's film and Tarantino's Pulp Fiction clearly acknowledge the conventions of the gangster genre, it is only as a point of departure. Tarantino introduces enigmatic characters and complex incongruities which combine to successfully remove his film from the "conventions of a traditional popular genre" (Cawelti 505). Cawelti describes the myth within the gangster film as "affirm[ing] the limits of individual aggression and violence ... show[ing] how violence evokes its own inevitable doom" (Cawelti 516). In Pulp Fiction and Bonnie and Clyde, the directors subvert the "traditional elements" and the "traditional mythical world ..." (Cawelti 505) is confounded. Thus begin the generic transformations. The directors thoroughly undermine the traditional myths and effectively replace them with myths of their own construction. The complexities of structure, character and theme within Pulp Fiction exceed the conventional boundaries of the gangster genre and the myths commonly associated with gangster films become inadequate. The narrative leads to non-romanticized situations and characters that appear too realistic to be contained within the "inadequate" boundaries of the gangster myth (Cawelti 510). Here then, Tarantino is effectively exposing the inadequacies of the gangster myth. The myth of the gangster is exposure by first firmly establishing the conventional gangster persona. Within the gangster environment, a darkened night club for example, the gangster looks the part; black suit, jewellery, sunglasses and the inevitable guns construct the image of menace. So too do his mannerisms, the gangster is a cocky, self-assured tough guy. The story within the film titled "The Bonnie Situation", provides an example an undermined gangster myth. Here, the two gangsters, Jules and Vincent, must retrieve and deliver a package that has been stolen. Revenge of the Killer Genre :: Quentin Tarantino John Cawelti Films Essays Revenge of the Killer Genre After years of repeated thematic motifs and unchanging, stereotypical characters, films within a genre often lose their vitality. The conventions become predictable and the underlying myth becomes boring and banal. The innovative director will seek to revitalize a popular myth through a "generic transformation" (Cawelti 520). This essay shall demonstrate how Quentin Tarantino borrows a traditional myth from the gangster genre, subverts it and subsequently installs a new, unorthodox myth in its place. The end result is a new type of film that reaches beyond the established confines of the gangster genre. As with Arthur Penn's Bonnie and Clyde, the radical innovations included in Pulp Fiction make it hard to situate the film within mainstream cinema; it is, as John Cawelti would agree, "difficult to know what to call this type of film". While Penn's film and Tarantino's Pulp Fiction clearly acknowledge the conventions of the gangster genre, it is only as a point of departure. Tarantino introduces enigmatic characters and complex incongruities which combine to successfully remove his film from the "conventions of a traditional popular genre" (Cawelti 505). Cawelti describes the myth within the gangster film as "affirm[ing] the limits of individual aggression and violence ... show[ing] how violence evokes its own inevitable doom" (Cawelti 516). In Pulp Fiction and Bonnie and Clyde, the directors subvert the "traditional elements" and the "traditional mythical world ..." (Cawelti 505) is confounded. Thus begin the generic transformations. The directors thoroughly undermine the traditional myths and effectively replace them with myths of their own construction. The complexities of structure, character and theme within Pulp Fiction exceed the conventional boundaries of the gangster genre and the myths commonly associated with gangster films become inadequate. The narrative leads to non-romanticized situations and characters that appear too realistic to be contained within the "inadequate" boundaries of the gangster myth (Cawelti 510). Here then, Tarantino is effectively exposing the inadequacies of the gangster myth. The myth of the gangster is exposure by first firmly establishing the conventional gangster persona. Within the gangster environment, a darkened night club for example, the gangster looks the part; black suit, jewellery, sunglasses and the inevitable guns construct the image of menace. So too do his mannerisms, the gangster is a cocky, self-assured tough guy. The story within the film titled "The Bonnie Situation", provides an example an undermined gangster myth. Here, the two gangsters, Jules and Vincent, must retrieve and deliver a package that has been stolen.
Wednesday, January 15, 2020
It is the policy of the company to reimburse any officer or employee for company expenses paid for by such individuals from their own personal funds on the CompanyÃ¢â¬â¢s behalf, in the pursuit of company business. It is the intent of this resolution to satisfy the Accountable Plan requirements under Internal Revenue Code Section 61(c) and the substantiation requirements under Internal Revenue Code Section 274(d). Moreover, Section 1. 2-2(c)(1) of the Income Tax Regulations provides that a reimbursement or other expense allowance arrangement for business expenses paid or incurred by an employee are paid under an accountable plan if the arrangement meets the three requirements of a business connection, substantiation, and returning amounts in excess of expenses. Therefore, all reimbursements will follow these simple guidelines: 1) All individuals seeking reimbursement shall substantiate the expense by providing proof of payment in the form of an invoice to the company prior to any r eimbursement. Accordingly, employees are required to submit detailed expense reports describing each element of an expenditure with the necessary receipts within 30 days of returning from a business trip or incurring an entertainment expense but no later than 60 days after it is paid or incurred. 2) All expenses must be determined to have a direct business connection relating to the operations of the Company, personal expenses will not be reimbursed. Personal expenses if reimbursed will be treated as W-2 wages to the employee. ) All reimbursements by the Corporation shall be made for the expended amounts, pursuant to substantiated business expenses approved from employee expense reports or the proper invoices being submitted by the individual employee seeking reimbursement. The reimbursement relating to travel and entertainment expenses requires employees to describe each expense, the business purpose it served, and, for entertainment expenses, the names and business relationship of the persons entertained in addition to the date of, place of, duration of, and participants in any business discussion that occurred directly before or after the entertainment. ) Reimbursements may be made prior to and in anticipation of the individual incurring the expense out of personal funds, however, upon incurring such expense, the individual will produce the invoice related to such expense and reimburse the company for any excess funds paid exceeding the invoice amount. In cases where the reimbursement of the excess funds is not paid back to the Company, the excess will be reported as W-2 wages pursuant to Section 1. 62-2(c)(3) of the Income Tax Regulations for that individual at the end of the accounting period.
Monday, January 6, 2020
One important thing for teachers to do after introducing a new concept is to check for complete student understanding of the main ideas. They also must be able to use the new knowledge and apply it to other situations if a deep and lasting connection of other scientific and evolution concepts is to be obtained. Critical thinking questions are a good way to monitor a students understanding of a complex topic such as the different types of natural selection. After a student has been introduced to the concept of natural selection and given information about stabilizing selection, disruptive selection, and directional selection, a good teacher will check for understanding. However, sometimes it is hard to come up with well constructed critical thinking questions that apply to the Theory of Evolution. One type of somewhat informal assessment of students is a quick worksheet or questions that introduce a scenario to which they should be able to apply their knowledge to come up with a prediction or a solution to a problem. These types of analysis question can cover many levels of Blooms Taxonomy, depending on how the questions are worded. Whether it is just a quick check on understanding vocabulary at a basic level, applying the knowledge to a real world example, or connecting it to prior knowledge, these types of questions can be adapted to the class population and the teachers immediate needs. Below, there are some of these types of questions that use a students understanding of the types of natural selection and links it back to other important ideas of evolution and various other science topics. Analysis Questions Use the scenario below to answer the following questions: A population of 200 tiny black and brown birds is blown off course and ends up on a fairly large island where there is a lot of open grassland with small shrubs right next to rolling hills with deciduous trees. There are other species on the island such as mammals, many different types of vascular and non-vascular plants, an abundance of insects, a few lizards, and a somewhat small population of large birds of prey similar to hawks, but there are no other species of small birds on the island, so there will be very little competition for the new population. There are two types of plants with seeds edible for the birds. One is a small-seeded tree that is found on the hills and the other is a shrub that has very large seeds. 1. Discuss what you think might happen to this population of birds over many generations with respect to the three different types of selection. Formulate your argument, including backing evidence, for which of the three types of natural selection the birds will likely undergo and debate and defend your thoughts with a classmate. 2. How will the type of natural selection you have chosen for the population of birds affect the other species in the area? Choose one of the given other species and explain what sort of natural selection they may undergo because of this sudden immigration of small birds to the island. 3. Choose one example of each of the following types of relationships between species on the island and fully explain them and how co-evolution may occur if the scenario plays out how you described it. Will the type of natural selection for these species change in any way? Why or why not? Predator and Prey relationshipMutualistic relationshipCompetitive relationship (for food, mates, etc.) 4. After many generations of offspring of the small birds on the island, describe how natural selection could lead to speciation and macroevolution. What would this do to the gene pool and allele frequency for the population of birds? (Note: Scenario and questions adapted from Chapter 15 Active Learning Exercises from first edition of Principles of Life by Hillis)