William Shakespeare s Romeo And Juliet - 1636 Words

Romeo and Juliet Essay Day to day, we interact with our family. These interactions can have a great influence on our emotional and psychological responses, and can destroy an individual’s self-worth, build it up, or do both. In Romeo and Juliet, a play written by William Shakespeare, two lovers from enemy families embark on a journey toward their death marked tragedy. Juliet, the wife, happens to kick-start the disastrous outcome of the relationship by drinking a sleeping potion as part of a plan to escape her family’s desire for her to have a second marriage. However, a punishing misunderstanding forces the couple to suicide, thus being a result of both lovers being under heavy influence from members of their enemy families. Juliet, in†¦show more content†¦She follows up by saying â€Å"Thus then in brief. The valiant Paris seeks you for his love.† Juliet responds by saying â€Å"I’ll look to like if looking liking move. But no more deep will I endart mine eye, than your consent gives strength to make it fly†. This dialogue is of the first time that Juliet is introduced to Paris, a man Juliet would not like to love. This brings about trouble, as Lady Capulet would really like Juliet to marry Paris, however, Juliet does not have the desire to do so. This simple conflict is developed throughout the story, as now Capulet and Lady Capulet force Juliet to marry Paris. When we read the story, we do learn that the real reason behind her parent’s desire for Juliet to marry Paris is wealth and status, as Paris comes from the family of the Prince while Romeo does not. Because of this, things really do spiral out of control, leading to the couple s suicide eventually. When Juliet rebels against the planned marriage with Paris, she’s rebelling against her mother’s way of life, and against the marriage her Lady Capulet learned to suffer through. It seems as so that Lady Capulet did also have a forced marriag e like the one of Juliet and Paris, however, it seems as so that she went with it obediently. There s also the more general issue that Lady Capulet is just being a good, obedient wife by going along with what her husband wants, and this is why she seems to always take her

Marriott Case Hbs Free Essays

Issue In this assignment, we are asked to compute the WACC of Marriott Corporation and each of the company’s three divisions. Our approach is outlined in the next section. We made a series of assumptions regarding either the available data or the missing information. We will write a custom essay sample on Marriott Case Hbs or any similar topic only for you Order Now This has been explained below, in a separate section. Approach We applied the following formulae to calculate the WACC: Our assumptions are explained in the next section. The table below presents the approach for calculations at corporation level and division level according to each of the variables. Marriott’s capital structure comprises debt (fixed and floating) and equity. Marriott CorporationBusiness Lines 1Beta of Debt (?  ¬Ã‚ ¬d)Computed using correlation between SP500 returns and HG Corp Bonds (recent history is implicitly more weighted), s. d. of the SP500 and s. d. of the HG Corp Bonds (Exhibit 4)Same 2Risk-Free RateEstimated to be equal to 10y US Gov Interest Rate as of April 1988 (Table B)Same 3Current LeverageUsing financial statements (Exhibit 1), we estimated the market value of debt and divided by market value of assets. Market value of debt is estimated to be equal to its book value. Market value of assets is equal to market value of debt + market value of equity (number of outstanding shares * price per share)N/A 4Market Risk PremiumFrom table of returns (Exhibit 5), taken as the average of spread between rates of return for SP500 and LT US Gov Bonds, 1926-87Same 5Tax RateEstimated from data in exhibit 1, from ratio between income before tax and net income for year 1987Same 6Beta of Equity (? E), Unlevered ? E Levered can be found in Exhibit 3 for the current debt load. Using the current leverage ratio (Step 3), we calculate the unlevered ? E. Having found unlevered equity betas of comparables from their leverage ratio and levered ? E (Exhibit 3), we averaged the unlevered ? E to get the unlevered ? E for each Marriott division. Restaurants division was mapped on Restaurants comparables, Lodging on Hotels whilst Contract Services was implied from Marriott’s and other two divisions unlevered ? E and their respective share in total assets book value. 7Cost of Equity (RL)We recalculated the new Levered ? E based on target leverage of Marriott (Table A) then, combine the Levered ? E, risk free rate, and MRP to calculated the cost of equity using CAPM relationship. Same, except unlevered beta from previous step was used to calculate levered beta. 8Cost of Debt (RD)See step 7, using Beta DebtSame 9WACCWACC formula accounting for ITS correctionSame, respective target leverage ratios and a ? D equal to Marriott’s ? D were used to estimate WACC. Assumptions †¢Overall Assumptions: Although we assume an ITS, we do not have the data to calculate individual ITS for each division and Marriott. As a result, we assume E*=E (rather than E*=E+ITS) and that the ITS is as risky as debt. We assume debt is perpetual and no growth. Beta of Debt: Although Marriott is one firm, we assume it is fairly comparable to a generic HG Corp, with single A rating. Therefore we performed a linear regression on the rate of returns of HG Corporate Bonds against SP 500 rate of returns, as a proxy of the market portfolio rate of returns. †¢Risk-free rate: The 10Yr UST is assumed to be the best estimate at company and division level. Ideally, each cash flow shoul d be discounted using a government bond with the same maturity. For this case, the selection of the maturity should one that matches best the entire cash flow stream being valued. Also, 1Yr rate is very volatile and 30Y illiquid and thus there is premium built therein. We have assumed that the rates provided in Table B are for zero-coupon bonds, and USD. †¢Current leverage: Market value of debt is estimated to be equal to its book value. The firm is HG, risk premium for HG bonds is relatively low, and we have no information on coupon level of fixed rate debt. The floating rate debt is likely to trade close to par. For subsequent calculations, we also assumed the average maturity at five years. There is only long-term debt for us to consider. Market risk premium: In the same fashion that we estimate the risk free rate benchmark is 10y UST Bond Interest Rate, so we used the difference of average returns between LT UST Bonds and SP 500 for the period 1926-87, the longest history available we have. We are aware of the imperfection of using historical rates of return. †¢Average corporate tax rate: We assume that the rate calculated as the average rate app lied to 1987 is a reasonable proxy for future tax rate. Tax rate is applicable across divisions. †¢Cost of Debt: SP 500 is also considered to be best proxy available for market portfolio. We also assumed no financial distress, which is reasonable because firm has real assets and overhead cost is 3% of revenue. Competitors and divisions have the same debt beta as Marriott: †¢Beta equity of each division: it has been assumed that the unlevered beta equity of each division is comparable to the average of unlevered beta equity of the comparables identified in the case for each relevant business segment. †¢Weighted average of book value of assets was used to determine the unlevered beta of Contract Division, we assumed this to be a reasonable proxy instead of market value of assets. How to cite Marriott Case Hbs, Papers

Entrepreneurship in a Context for Leadership- myassignmenthelp.com

Question: Discuss about theEntrepreneurship in a Context for Strategy Leadership. Answer: Entrepreneurship: Entrepreneurship is the act of utilizing a persons own capacities in order to create a new venture or business on ones own. Entrepreneurs start a business or indulge in their passions in place of functioning for anybody else in the business. Entrepreneurs need to tackle a large number of obstacles and fears as their lives are not easy. They have to tackle several challenges in order to make their endeavours a success. The first and foremost crucial factor for the entrepreneurial success is that of interest (Drucker, 2014). As the concept of entrepreneurship is concerned with the performance rather than the time given to a particular work, it is necessary for an entrepreneur to work in those specific areas which interest him or her. In case this is not done, it will not be possible to manage a proper level of work ethic and there is a high probability of failure. The interests of the entrepreneurs must also coincide with the vision for the growth of the company. In case the day to day activities are of interest to the entrepreneur, it is not enough for success unless this vision can be converted to that of growth and expansion. Entrepreneurs vision must be strong enough to be communicated to the investors and employees alike. The effective skills and the capability of the entrepreneurs to don many hats contribute to the success and the overall reputation of his or her company. It is crucial for an entrepreneur to invest in his or her company even it is intangible (Kirzner, 2015). A brief history of the Uber Company: The company was created in the year 2009. It was founded by Garrett Camp and Travis Kalanick. The company is basically based in the country of San Francisco and it was basically a private car service for the executives. The communication process which was used in this case was mainly brought about by emails and code features. The organisational growth was considerable in the year 2010. The concept of the advancement of technology was used to bring passengers as well as drivers together for the successful completion of the vision of the organisation. It was considered that Uber was the best way in which the passengers would get around. After a person books a car service, it comes straightaway to the person and the payment mode was completely cashless which was later modified to a number of other options (Dagnino, 2016). On a proper study it was found that the company targeted a specific segment of the customers and included those people who did not own a car. Apart from that it is found that there is a certain segment of people who do not drive a car themselves to those places who need to go. This segment of the population was also targeted. Certain people on the other hand are interested in travelling in style and they want to be treated as special and immensely important people. They also require a sort of cost efficient and a method of plying a suitable cab at their personal doorsteps. The connection with the customers is built due to the social media and the technological development. Therefore it is a suitable and has been an effective method to help the customers commute effectively (Arendt, 2017). Challenges faced by the company: There have been several challenges which have been faced by the company which consist of leadership issues, issues with how the drivers behave and the dissatisfaction issues of the drivers. The issue with the inherent leadership of the organisation is that of autocratic leadership, where the orders had been provided to the leaders of the organisation. It is not ideal for the workers to work in a scenario where they feel a sort of pressure from the upper management and therefore it needs to be considered at all costs (Denning, 2015). There had been several reports of the drivers behaving rudely or disrespectfully with the customers or the riders. There have been reports where the drivers have molested or caused harm to the passengers. Often the passengers have not been able to reach their respective destinations. This is a matter of severe concern with the company as the reliability can be lost due to such issues. There have been reports of the drivers remaining dissatisfied with the company as there is no existence of any tipping service which has been removed from the company policies which led the drivers to be dissatisfied and irritated. In case both sides of the company are happy, it is bound to grow more and succeed thereby increasing the overall profit shares. In case the company learns from its mistakes there is no stopping it (Dagnino, 2016). Entrepreneurial schools of thought: There are two basic views of entrepreneurship which relates to the success or the failure in the existing entrepreneurial business in the control locus. The macro view of entrepreneurship comprises the environmental school of thought, the financial or the capital school of thought and the displacement school of thought. The first school of thought considers the external factors which affect the lives of the entrepreneurs and the forces affecting it can be both positive and negative. The financial school of thought comprises of the capital seeking procedure. The displacement school of thought focuses on the negative sides of the existence of a group and understands the factors which can cause someone to feel out of place and even slow his or her development. The micro view of entrepreneurship refers to the school of thought which are specific to the concept of the internal locus of control and the potential entrepreneur has the capability to direct or even adjust the outcome of each of the major influences. Examples of issues in the organisation: From the study of the organisation it has been seen that the stupendous growth of the organisation had not been foreseen at any particular time. The company which started from very meagre means has grown to be one of the largest in the recent times and that too in a very short span of time. The company also believed in the concept of great businesses solving their particular problems. This is because of the fact that in order to reach a stage of global domination the companies have to keep solving their problems. Another reason the company has grown to be huge in the recent years is that they offer both convenience as well as price to their customers. The ways and means by which the Uber cars take their customers is also reliable. It is therefore a convenient alternative to the busy lifestyles of the working generation. The users should also look to solve their problems in the recent times in order to clear their image and become much more successful. The company also does not believe in hiding its mistakes. It believes in solving the issues which have arisen in the company. It always tries to improve its conditions and make it much more clean in terms of image and growth. The company believes that roadblocks might slow them down but they cannot stop them from being successful. In order to expand the company needs to ensure that the issues relating to have been solved at the starting stages itself. From the study of the overall ideals of the company it can be concluded that they follow both from macro as well as micro entrepreneurial schools of thought. Recommendations for improvement: Notwithstanding the issues that have been faced by Uber, it is thought to be safer than most rides and taxi services and an efficient system for the concept of ride sharing has also been created which is existent even at this present stage. The company can appoint and consider newer and much more effective leaders for the important posts in the company. This is due to the fact that the autocratic style of leadership has been found to be unsuccessful in the recent times. Along with the needs to change the structure of the company the type of leaders also need to change. There also needs to be a valid focus on the goodwill marketing wherein the organisation needs to cater to the issues which it has been facing in the recent times. In case customers are facing severe issues and need rides at any cost Uber can introduce the concept of free rides in order to ensure that the rides are beneficial to the customers and the company also gains in goodwill. This will ultimately amount to the overall increase in the growth of the company. The riders should also be allowed to utilize their own data. The company needs to fix the leadership as also the business issues it has been facing in the recent times. The concerns of each of the stakeholders need to considered so that the company is able to fulfil the goals of expansion which it has set for itself. It is to be noted that the company needs to understand the factors which will help it reach a stage of global importance and domination. References and Bibliography: Arendt, H. (2017).ber die Revolution. Piper ebooks. Dagnino, E. (2016). Uber law: prospettive giuslavoristiche sulla sharing/on-demand economy.Diritto delle relazioni industriali,26(1), 137-163. Denning, S. (2015). New lessons for leaders about continuous innovation.Strategy Leadership,43(1), 11-15. Drucker, P. (2014).Innovation and entrepreneurship. Routledge. Harvey, J., Smith, A., Golightly, D. (2018). Online Technology as a Driver of Sharing.The Rise of the Sharing Economy: Exploring the Challenges and Opportunities of Collaborative Consumption, 75. Kirzner, I. M. (2015).Competition and entrepreneurship. University of Chicago press. Santos, F. M. (2012). A positive theory of social entrepreneurship.Journal of business ethics,111(3), 335-351. Thai, M. T. T., Turkina, E. (2014). Macro-level determinants of formal entrepreneurship versus informal entrepreneurship.Journal of Business Venturing,29(4), 490-510.