Financial Management System Theory and Practice

Question: Talk about the Financial Management System for Theory and Practice. Answer: Presentation: This report breaks down the money related execution of Helloworld Limited that is a movement specialist organization in Australia, New Zealand and over the world. Alongside this, the report sums up the matter of Helloworld Limited and includes the primary income topics or wellsprings of organization. It additionally incorporates the present offer cost of organization and the variables influencing its offer cost. Fiscal summaries: Fiscal summaries are the report of the budgetary position and execution of firm at explicit time. Budget reports remember the various proclamations for it, for example, Income articulation, Cash stream explanation, and Balance sheet proclamation. This report or proclamation helps the firm in uncovering the data about the organizations budgetary exercises that is significant for the chief, partners, and financial specialists to construct the choices identified with future venture. The fiscal summaries of Helloworld Limited for the year 2016 and 2015 are included indeces. Synopsis Of Business And Main Revenue Theme Helloworld Limited is an Australian based voyaging specialist co-op that offers incorporated help of retail, discount, inbound, and visit and voyaging administrations in Australia, New Zealand, Asia pacific, and South Pacific and over the world (Hello World Limited, 2017). Helloworld constrained tries to give make a trip items and administrations to clients with above desire client administrations, at serious value level, and at worldwide level. It runs an establishment of trip specialists also. Helloworld fundamentally works in three divisions, for example, travel the board, discount, and retail. The retail portion of the organization comprises of Helloworld, Helloworld partners, Hello world for organizations, the My Travel Group, Smart Fares, Qantas Vacations, Harvey World Travel, and The Travel Bookers (Hello World Limited, 2017). Alongside this, discount business of Hello world offers air, land, and voyage items and administrations by system of retail travel organizations and inbound travel administrations. Moreover, in portion of movement the board, organization offers administrations of flight game plan, vehicle recruit, settlement game plan, visa assistance and agenda arranging and the executives administrations to corporate clients, little and medium endeavors, and governments. The income of the Hello world originates from three sections incorporate retail fragment, travel the board portion, and discount section. The principle income subjects of Hello world are deals of the organization, premium got, continues from removal of venture, continues from removal of properties, profit from partners, commitment from minority investors, money from securing of controlled substances, and deals of advantages (Hello World Limited, 2017). Monetary Analysis The monetary examination of Helloworld Limited is given beneath utilizing budgetary proportions: Proportion Recipe 2015 2016 Liquidity Ratio Current proportion Current resources/Current liabilities 1.064077356 1.050599728 Current resources 283,035 337,045 Current liabilities 265,991 320,812 Fast proportion Current Assets-Inventory/Current liabilities 1.06372772 1.050004364 Current resources 283,035 337,045 Stock 93 191 Current liabilities 265,991 320,812 Productivity Ratio Net Profit Margin Net benefit/Net deals - 72.03% 0.56% Net benefit - 201,111 1,676 Net deals 279,223 297,923.00 Working Margin Working Profit/Net deals - 71.05% 1.16% Working Profit - 198,397 3,450 Net deals 279,223 297,923.00 Capital Structure Ratio Obligation Equity Ratio Absolute obligations/Total Equity 13.10% 17.32% Absolute Debts 23,245 46,352 Absolute Equity 177,476 267,618 Value Ratio Absolute Equity/Total Assets 0.376730008 0.414527306 Absolute Equity 177,476 267,618 Absolute Assets 471,096 645,598.00 Market Performance Ratio Profit per share (Net benefit Pref. Offer profit)/number of customary offer - 0.00045673 1.52588E-05 Net benefit - pref. share profit - 201,111 1,676 Number of Ordinary offer 440,330,198 109,838,418 Profit per share Profit paid/number of offers 7.35811E-07 Profit paid 324 Number of offers 440,330,198 109,838,418 Movement proportion Record receivables turnover Net credit deals/Average indebted individuals 266.26% 221.94% Indebted individuals and exchange receivables 104,869 134,233 All out credit deals 279,223 297,923.00 All out resources turnover proportion Net deals/Total resources 0.592709342 0.461468282 All out resources 471,096 645,598.00 Net deals 279,223 297,923.00 Intrigue inclusion Ratio EBIT/Interest costs - 77.3249112 2.16830342 Intrigue costs 2,533 2,953.00 EBIT - 195,864 6,403 Source: Hello Wolrd Annual Report (2015, 2016) The liquidity of organization is estimated dependent on current proportion and brisk proportions (Babalola and Abiola, 2013). From the above table, it is discovered that the present proportion of Hello world were 1.06, and1.05 in 2015, and 2016 individually. It demonstrates that the liquidity of the organization had slight vacillation. Here and there development expresses that liquidity state of the organization may increment or decline in future too. Like current proportion, snappy proportion had by one way or another fundamentally the same as vacillation that expresses that liquidity state of the organization can't be accepted whether it might increment or abatement in future (Delen et al, 2013). The liquidity was diminished in 2016. Gainfulness proportion: Gainfulness is the benefit earned by the organization and it is recognized dependent on the net benefit, net benefit, and working benefit of the organization. (Borowski, 2010). In light of the investigation of net revenue and EBIT or working benefit examination, it is discovered that the working productivity of the organization was diminished in 2015 however organization chipped away at it and improved its proficiency in 2016 that brought it over from the gigantic deficit. Hi word was experiencing the overal deficit of 201,111 of every 2015. That was changed over in benefit of 1676 out of 2016 that shows the ability of the organization to turn on circumstances. Additionally, the working benefits of the organization for 2015, and 2016 were (198,397), and 3450 individually. In this way, it tends to be said that organization improved its operational effectiveness and the board that drove increase in the working benefit of the organization (Brigham and Ehrhardt, 2013). From the above investigation, it is distinguished that both obligation value proportion and value proportion were expanded. The obligation proportion was 13.10% in 2015 and it was expanded in 2016 up to 17.32%. This shows the obligation level of the organization expanded in 2015 and 2016. This expanded the risk of organization. Alongside this, value proportion of Hello world was decreased in 2015 yet expanded in 2016. This demonstrates the organization gave new offers in 2016 to raise the store to meet its monetary necessity (Braun, et al, 2013). In this manner, by and large it very well may be said that obligation level of organization was higher and need higher working funding to meets its costs. Market execution proportion: Market execution of the organization is estimated dependent on the gaining per share, profit per share and different proportions. Both gaining per offer and hoop per portion of the welcome world was bad in 2015 because of colossal misfortune to the organization. Because of capital necessity, quantities of offers were expanded in 2015 and 2016 however the separated paid out proportion diminished. The income per share was expanded in 2016 that demonstrates that the organization improved its exhibition in 2016 over earlier years (Brigham and Houston, 2015). In this way, it very well may be said that gaining per share proportion and profit paid out proportion were expanded in 2016 that shows the organization had great benefit in 2016 and performed better. Higher profit per portion of the organization show that the organization experienced higher market cost. Action proportion surveys the capacity of organization for changing over the benefits, liabilities, and capital records into money or deals. This checks the administration productivity of the organization. From the above table, it is discovered that the exchange receivable turnover and resource turnover proportions were diminished in year of 2016. The exchange receivable proportions were diminished in 2015 and 2016 that shows that the administration proficiency diminished that drove delay in assortment of the installment from showcase (Brigham and Ehrhardt, 2013). Simultaneously, the advantage turnover proportion of Hello world was expanded in 2015 yet the benefits were diminished and the deals likewise diminished. Simultaneously, in 2016 the all out resource was expanded and used ideal that expanded the deals of the organization. Be that as it may, the proportion was diminished in 2016. In this way, it tends to be said that the administration proficiency of the organization was dive rted down in 2016 from 2015 (Fridson and Alvarez, 2011). It shows the inability of the board of firm in utilizing the advantages and its assets. The intrigue inclusion proportion demonstrates the capacity of the organization in doing opportune installment of enthusiasm on its obligations (Delen et al, 2013). The intrigue inclusion proportion of Hello world was negative in 2015, which shows that the organization couldn't pay its advantage

Vincent essays

Vincent expositions V When I first of this task I made some tuff memories, attempting to discover who or what I was going top compose on. I view myself as some what of a craftsman. Be that as it may, I don't draw skecthes or paint masterpeices. Im an essayist, Im like most other artsist that paint. rather than seeing and pictures from my head and paint them on my canvis. I take my feelings, put them in words and in my own kind of canvis making my variant of a materpeice. I needed to pick a craftsman that resembled me as it were, one that I could for the most part identify with. At the point when I was in seventh grade, I took french 1. We secured a great deal of there culturethe larger part of it was. We went over a keeps an eye on life that to me will consistently be a legacy.His name was Vincent vanGogh. Vincent van Gogh was viewed as a disappointment in the course of his life which lead to different mental issue and at last self destruction, yet today he is seen as the preeminent delegate of postimpr essionist workmanship. Incapable to fit in with typical life, Vincent went to workmanship to enthusiastically communicate his emotions. His style of rough brush strokes of stunning hues was looked downward on by other craftsman of his time however with help from his sibling, Theo, Vincent experienced his fantasy about turning into a craftsman. Despite the fact that he appreciated composition, the extreme sentiment of disappointment and dismissal by ladies, negatively affected Vincent. He experienced long episodes of despondency, which prompted his self destruction. Today, Van Gogh is viewed as one of the most accomplished and motivational craftsmen ever. Vincent van Gogh was conceived on March 30, 1853 in North Brafant, Holland. He was the child of Theodorus van Gogh, a fervent Calvinist, and Anna Cornelia Carbentus. He was the subsequent child named Vincent, the first kicked the bucket a baby. This constantly caused Vincent to feel like a trade child for his folks, as there was a sence of blame with him. As a youngster Vincent was modest, and wanted to be separated from everyone else. He preferred the outside and respected its excellence, which he depicted is his works of art later in l... <!

An Art UROP and an Animation Job

An Art UROP and an Animation Job UROPing is a very MIT thing to do. “91% of MIT graduating seniors participate in at least one UROP during their undergraduate years!” Coming into MIT, we knew we wanted to UROP at least once in our time here, because it’s a great opportunity, and it almost felt like an MIT-bucket-list thing to do.  But, we also didn’t want to UROP just to UROP. We wanted to UROP in a field we cared about01 Many people use UROP as a way to explore a field, and that is also a valid approach. , and when we weren’t too hosed by classes. We weren’t really actively trying to find a UROP because of this, and instead waiting for an opportunity that felt right at the right time. This did not happen for all of freshman and sophomore year, because we were figuring out our major and then too hosed by classes. But as we approached this semester, not one but two UROPs fell into our laps! Over this past summer, we were doing remote graphic design work for the MIT Teaching Systems Lab. We did not know this at the time, but apparently, the MIT Game Lab was collaborating with TSL, while we were working there, and our supervisor knew one of our friends working in the Game Lab. About one month before this semester started, we got an email from said friend connecting us to their UROP supervisor at the Game Lab, asking us if we’d be interested in doing a graphic design UROP in the fall! We were so excited about this! Not only did the project seem super cool, but it was also at a great time for us! We wanted to take a CMS class this semester, but not necessarily a time intensive writing class, since we are taking a 15 unit (that feels like a 30 unit) Software Construction class. So, we decided to take this UROP for credit, making this our CMS “class” of the semester! This project is a massive, spy-themed, party puzzle hunt game! This game is divided into more than 10 unique series of puzzles, many of which require team interactions to solve, and must work for a massive party of hundreds. Designing the mechanics of the game happened over this past summer, and our job was to convert the puzzles into visually appealing and useable player cards, puzzle sheets, and posters! This involved designing logos and color schemes for every series of puzzle, and nitty-gritty puzzle formatting. Basically, a whole LOT of illustrator. Here is some of the stuff we made! Now onto our second UROP02 As the title of this post indicates, it is actually a “job,” but that’s really just a matter of where the funding is coming from. For all intents and purposes, this could’ve also been a UROP. ! We initially found out about this one through an email sent to the Art Scholars mailing list! It was a position from Social Machines at the MIT Media Lab to help make…. animations! We repeat ANIMATIONS! This is what we’ve been waiting for! We cross registered at the MassArt Animation department twice last year, and now we get to directly apply the skills we gained from doing so to a UROP at MIT! Specifically, the animations were of characters, each of which represents one sound of the English language through sound imitation! For example, when you sneeze, you make a CH noise. So for the CH animation, we animated the C in CH sneezing. The goal of this is to help children, learning different sound combinations of English letters, to make associations between the letter combinations and its sound. Here are some examples of the work we’ve done! Many people use UROP as a way to explore a field, and that is also a valid approach. back to text ? As the title of this post indicates, it is actually a “job,” but that’s really just a matter of where the funding is coming from. For all intents and purposes, this could’ve also been a UROP. back to text ?

Quality Management and Customer Satisfaction - 1505 Words

Wal-Mart’s Strategic Quality Management and Customer Satisfaction MGT/449 December 5, 2010 Dr. Olivia Herriford Wal-Mart’s Strategic Quality Management and Customer Satisfaction One organization that has become successful in many aspects of satisfaction and quality is Wal-Mart. This organization started out providing basic products to customers during certain hours of the day and evening, and then expanded the become Wal-Mart Supercenters by also providing groceries and becoming a 24-hour establishment. By making these changes in their organization, Wal-Mart has provided superior satisfaction to both its internal and external customers. To better understand Wal-Mart’s level of quality and customer satisfaction, Learning Team C has†¦show more content†¦Vision and Mission Statement Wal-Mart bases it operations on integrity and customer satisfaction. In order to uphold these two main objectives Wal-Mart has developed a vision and mission statement along with guiding principles that incorporate quality principles. Wal-Mart’s mission statement is to maintain the highest quality in products and customer service, while treating its employees like family. In order to incorporate values and principles within the organization, Wal-Mart strives to always maintain a high level of loyalty to both its customers and its employees. To stay loyal to both customers and employees, Wal-Mart uses core values such as integrity, loyalty, top service, equality, and honesty. Wal-Mart’s vision is to uphold these values and principles to keep a large flow of customers into their stores throughout the country. Wal-Mart believes that in order to keep satisfied customers and employees, the organization has to present high quality products and low prices, and show both customer and employee appreciation at all times. To ensure this vision stays intact, Wal-Mart has open suggestions boards open to stay informed on what its customers and employees would like to see within their stores. Wal-Mart believes that the public and their employee family have a right to have the best products and services to help them live their daily lives. Strategic Plan and Strategic Objectives With Wal-Mart being one of the leading retail industriesShow MoreRelatedStrategic Quality Management and Customer Satisfaction786 Words   |  4 PagesStrategic Quality Management and Customer Satisfaction University of Phoenix MGT/449 Total quality management (TQM) affects conducting business in the global marketplace. Companies must focus on improving processes they currently use to become more efficient. In the trucking business, Huffman Trucking competition is Federal Express (FedEx) and UPS. Huffman Trucking strives for quality service while exploring ways to reduce operating costs to increase profits. To achieve this goal HuffmanRead More2. Strategic Quality Management and Customer Satisfaction Paper1253 Words   |  6 PagesOld Navy and Piperlime. Every day, Gap Inc. looks for new ways to connect with customers around the world, providing value to their shareholders and to make a positive contribution in the communities where Gap Inc. does business. Gap Inc brands have a simple, common purpose: to make it easy for people to express their personal style (Gapinc.com 2007). Gap Inc. constantly evolves each brand to better meet their customers needs Ââ€" through innovative and inspiring design; through convenient and engagingRead MoreEssay on Customer Satisfaction and Awareness of Apple Laptop1624 Words   |  7 PagesCustomer satisfaction and awareness of Apple laptop In our project we are aiming to measure customer satisfaction and awareness of Apple note-book. 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Unlike in the past companies can no longer solelyRead MoreSamsung Electronics Company s Total Quality Management Essay1118 Words   |  5 Pagesat total quality management including 4 factors which are lowering  costs(zero  defects), continuous improvement, employee involvement, and customer satisfaction as well. Total quality management (TQM) have played important roles in reinforcing corporate com petitiveness within the company. Introduction In today’s global market, competition continues to get harder and it is becoming essential for companies to provide more consistent or better quality products and services to their customers. In oderRead MoreTQM and a 90-Day Turnaround: Implementing Total Quality Essay1496 Words   |  6 Pagesâ€Å"While Total Quality Management has proven to be an effective process for improving organizational functioning, its value can only be assured through a comprehensive and well thought out implementation process† (Packard, 1995). 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For successful operation of the firm a customer takes theRead MoreReport On Service Quality Of Remington Hotel1678 Words   |  7 Pagesï » ¿Report on Service Quality of Remington Hotel Introduction The concept of quality holds a central place in the hotel industry where servicing is the main part of the business. Lewis and Booms (1983) commented that service quality is â€Å"a measure of how well the service match with the customer expectations† on a consistent basis. Parasuraman et al (1985, p. 42) stated, â€Å"Quality is an elusive and indistinct construct† Quality is comparison between expectation and performance. Parasuraman et al (1988)Read MoreCustomer Satisfaction, The Most Important Asset Of Any Organization Essay1495 Words   |  6 PagesCustomer satisfaction, the most important asset of any organization is its customers. An organization’s success depends on how many customers it has, how much they buy, and how often they buy. Customers that are satisfied will increase in number, buy more, and buy more frequently. Satisfied customers also pay their bills promptly, which greatly improves cash flow the lifeblood of any organization. Increasingly, manufacturing and service organizations are using customer satisfaction as the measureRead MoreService Quality Management Case Study Essay1376 Words   |  6 PagesGraduate Diploma Food and Beverage Management AMFB700 Assessment One Tutorial Exercise 2 Service Quality Management Case Study Semester Two 2016 Lecturer: Roderick Turner Student name/ ID: Xiaochen Gong/ 99138745 Submission date: Thursday 22 September 2016Table of Contents 1. Introduction 3 1. Introduction The purpose of this report is to find appropriate approaches which assist hospitality operations in managing service quality. In order to meet current markets and make a better profit

Night By Elie Wiesel Analysis - 817 Words

We are who we are because God made us that way, and he plans everything. But even in the darkest hours, it is god who is going to help us. Anne says, â€Å"It is God that has made us as we are, but it will be God, too, who will raise us up again† (Frank 1940). The novel, Night told by Elie Wiesel, is an autobiography written about him and his family being seized out of their home in 1944 to the concentration camps of Auschwitz and Buchenwald. Night is the alarming record of Eli Wiesel’s recollections of the passing of his family, and his despair as a profoundly perceptive Jew going up against irrefutably the abhorrence of man. In the beginning of the novel, Elie described his father as a straightforward sort of man. As in the novel Elie†¦show more content†¦He clarified, â€Å"I woke up at dawn on January 29. On my father’s cot there lay another sick person (Wiesel 112). He added, â€Å"They must have taken him away before daybreak and taken him to the crematorium (Wiesel 112). Elie did not sob, and it tormented him that he could not sob. In any case, he was out of tears. Elie explicated, â€Å"I did not weep, and it pained me that I could not weep. But I was out of tears. And deep inside me, if I could have searched the recesses of my feeble conscience, I might have found something like: Free at last!...† (Wiesel 112). The death of his family gave Elie two sentiments where he felt remorseful however; at last he felt free. Overall in the story Elie survives the Holocaust not only by the help of his father, but his faith. Toward the start of their trial, Elie’s father looks after him and secures his as much as should be possible in this condition. Elie stated, â€Å"I was terribly hungry and swallowed my ration on the spot (Wiesel 44). He continued, â€Å"My father told me, â€Å"You mustn’t eat all at once. Tomorrow is another day†¦Ã¢â‚¬  (Wiesel 44). Close to the finish of their adventure together, the parts are turned around. He mentioned, â€Å"Father!† I howled. â€Å"Father! Get up! Right now! You will kill yourself†¦Ã¢â‚¬  (Wiesel 105). Truly Elie considers, on occasion, abandoning his father; in any case, he does not. It is his faith, which shields him from doing what others around him do and surrender or let their fathers pass. Elie expressed, â€Å"I went toShow MoreRelatedAn Analysis Of Night By Elie Wiesel1089 Words   |  5 PagesAn Analysis of Night Black Three Sabrena Hall November 17, 2015 â€Å"To surpass monsters, you must be willing to abandon your humanity.† -Hajime Isayama, Shingeki no Kyojin Night by Elie â€Å"Eliezer† Wiesel is a story that contains many conclusions about humanity as a whole, including the idea that if humans are treated as if they aren t human, and are deprived from proper human interaction, then they are quick to act uncivilized, almost feral. It s unsettling how quickly people can switch to a primalRead MoreAnalysis Of Night By Elie Wiesel707 Words   |  3 PagesThe book â€Å"Night† by Elie Wiesel is an emotional read. He tells his story in hopes to influence the world to not act so hateful to one another. He wants to bring awareness to his readers. The way Wiesel interprets his memoire is powerful. Elie goes into great detail about the events that took place in the concentration camp. He describes the way they were treated and their struggle to survive. He explains his story with good attribute to the Germans. The memoire is so effective because these eventsRead MoreAnalysis Of Night By Elie Wiesel1198 Words   |  5 PagesIn the memoir Night, written by Elie Weisel, you take a journey through the 1940s, and learn what it was like to live during the Holocaust. Night records the life of Elie Wiesel during his teen years, and the oppression he and his family went through because of their Jewish descent. The Holocaust was a horrifying genocide where Adolf Hitler and the Nazis strived to wipe out the Jewish race, as well as Poles, Slavs, Jehovah’s Witnesses, Homosexuals, Gypsies, etc. Jews were taken from their homesRead MoreAnalysis Of Night In Night By Elie Wiesel1183 Words   |  5 PagesIn Night, Elie Wiesel shines light upon that when times are rough, it is easy to be selfish. This was clearly captured when young fourteen-year-old Elie Wiesel was watching as the Nazi’s take away his valuables, friends, faith, and family. As if every piece of him was broken glass, he had to pick himself up along the way. It all started in 1944, in the suburb of Sighet, Romania. It was a marvelously bright day, a beautiful day. But today, the Nazis had forced Wiesel, the rest of his family, andRead MoreAnalysis Of Night In Night By Elie Wiesel813 Words   |  4 PagesThe Holocaust was a horrible event, one most people hate to think of much less speak of. This event however is the b ase of young Elie Wiesel’s life and story. The memoir Night by Elie Wiesel is all about his personal journey and place in the telling of the Holocaust. In the book he is sent to Auschwitz as a lamb is sent to the slaughter. He reiterates his transformation during this time, a transformation where he diverts from his Jewish roots and loses his faith in a merciful and Almighty God. Read MoreNight By Elie Wiesel Analysis903 Words   |  4 Pages Eliezer â€Å"Elie† Wiesel, a Jewish writer, professor, political activist, Nobel laureate and Holocaust survivor, acknowledged that â€Å"There is so much injustice and suffering crying out for our attention: victims of hunger, of racism, and political persecution, writers and poets, prisoners in so many lands governed by the left and by the right. Human rights are being violated on every continent. More people are oppressed than free.† When the Nazis came to power in Germany in 1933, they believed thatRead MoreNight By Elie Wiesel Analysis787 Words   |  4 Pagesâ€Å"To forget the dead would be akin to killing them a second time.†, said Elie Wiesel the author of night. Elie Wiesel is a holocaust survivor, he went through 5 different concentration camps. He was dehumanized, malnourished, and abused. He lost all his possessions, his family, and his humanity. In Elie Wiesel’s â€Å"Nigh t†, the German Army dehumanizes Elie Wiesel and the jewish prisoners by depriving them of family, food, and self esteem. The Nazis’s dehumanized the jews by depriving them of basic humanRead MoreAnalysis Of The Night By Elie Wiesel1385 Words   |  6 Pagesdetermination in people’s lives. Determination is a trait that each individual possesses. However, the degree of this characteristic varies for each individual and depends on the person’s capabilities and willingness to attain a goal. 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Although it may seem that mankind would learn from past experiences and be able to prevent the formation of dystopias, all failed endeavors at utopia, in turn, lead to dystopia. A prime example of this is found in the novel Night, by Elie Wiesel. The story recounts the Holocaust, a mass genocide of Jews conducted by Adolf Hitler, who believed he could create a utopia by basically eradicating a religious group. This inhumane act created a dystopia which was extremely disparate from

Gymnastics Free Essays

Wilson? If you are afraid of failure, you don’t deserve success. (Nastia Liukin) ? To Become a CHAMPION: Take your worst event and make it your best†¦ AND THEN, take your worst event and make it your best†¦ AND THEN, take your worst event and make it your best†¦ (Gerald S. George, Ph. We will write a custom essay sample on Gymnastics or any similar topic only for you Order Now D. ) ? When you walk in the gym you leave everything behind. Its like a total diferent world, its your second family. We gymnast spend more time in the gym than with our parents. We do gymnastics not to please our family but to please ourselfs. (Angelina Soto – 12 years old gymnast) ? Hope is to wish you could do something. Faith is to believe you can do something. Courage is to get up there and do it because you know you can, you have no doubt about it. (Angelina Soto – 12 years old gymnast) ? I don’t think anything is unrealistic if you believe you can do it. I think if you are determined enough and willing to pay the price, you can get it done. (Mike Ditka) ? The important thing in the Olympic Games is not winning but taking part. The essential thing in life is not conquering but fighting well. (Baron de Coubertin, The Olympic Creed) ? A life without purpose is a languid, drifting thing; Every day we ought to review our purpose, saying to ourselves: This day let me make a sound beginning, for what we have hitherto done is naught! (Thomas A. Kempis) ? You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face. (Eleanor Roosevelt) ? Enjoyment is not a goal, it is a feeling that accompanies important ongoing activity. (Paul Goodman) ? Great works are performed not by strength but by perseverance. (Samuel Johnson) ? Hard work and togetherness. They go hand in hand. You need the hard work because it’s such a tough atmosphere†¦ to win week in and week out. You need togetherness because you don’t always win, and you gotta hang though together. (Tony Dungy) ? â€Å"I can’t do it† never yet accomplished anything: â€Å"I will try† has accomplished wonders. (George P. Burnham) ? Success doesn’t â€Å"happen. † It is organized, preempted, captured, by consecrated common sense. (F. E. Willard) ? We can often do more for other men by trying to correct our own faults than by trying to correct theirs. (Francois Fenelon) ? A person is only as big as the dream they dare to live. Unknown) ? The sign of intelligent people is their ability to control emotions by the application of reason. (Marya Mannes) ? There are no shortcuts to any place worth going. (Beverly Sills) ? A professional is someone who can do his best work when he doesn’t feel like it. (Alistair Cooke) ? Success doesn’t come to you†¦ you go to it. (Marva Collins) ? Genius is one per cent inspiration, ninety-nine per cent perspiration. (Thomas A. Edison (1847 – 1931), Harper’s Monthly, 1932) ? It’s not the hours you put in your work that counts, it’s the work you put in the hours. Sam Ewing) ? People forget how fast you did a job – but they remember how well you did it. (Howard Newton) ? The golden opportunity you are seeking is in yourself. It is not in your environment; it is not in luck or chance, or the help of other; it is in yourself alone. (Orison Swett Marden) ? I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature. (John D. Rockefeller) ? Hard things are put in our way, not to stop us, but to call out our courage and strength. (Anonymous) ? I wasn’t too good at vaulting, and I didn’t have running speed and jumping power. (Mitsuo Tsukahara, JPN, Intl. Gymnast 11/82) ? The mind is perhaps one of the greatest factors in gymnastics; if one can’t control his mind, he can’t control his body. (William Meade, USA) ? A great pleasure in life is doing what people say you cannot do. (Walter Bagehot) ? Every single element, even the most hair-raising, can be improved. (Dmitry Bilozerchev, URS, World Gymnastics 1983/4) ? Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it. William Durant, founder of General Motors) ? Most successful men have not achieved their distinction by having some new talent or opportunity presented to them. They have developed the opportunity that was at hand. (Bruce Barton) ? After a while, if you work on a certain move consistently then it doesn’t seem so risky. The idea is that the move stays dangerous and it looks dangerous to my opponents – but it isn’t to me. That is my secret. (Nadia Comaneci, ROM, The Illustrated History of Gymnastics) ? Destiny is not a matter of chance; it is a matter of choice. It is not something to be waited for; but, rather something to be achieved. (William Jennings Bryan) ? If you do the best you can, you will find, nine times out of ten, that you have done as well as or better than anyone else. (William Feather) ? Talent alone is not enough. I believe that a really good gymnast is 10% inspiration and 90% perspiration. (Vladislav Rastorotsky, URS) ? In the middle of difficulty lies opportunity. (Albert Einstein) ? Never mind what others do; do better than yourself, beat your own record from day to day, and you are a success. (William J. H. Boetcker) ? One time a French reporter asked me how I could do a cross so easily. I said, ‘You just lower your body down until your arms are straight out to the sides, then you stop. ‘ (Albert Azarian, URS, Intl. Gymnast, 05/94) ? The way to develop self-confidence is to do the thing you fear. (William Jennings Bryan) ? The price of success is perseverance. The price of failure comes cheaper. (Anonymous) ? We make a living by what we get, but we make a life by what we give. (Norman MacFinan) ? I know how to smile, I know how to laugh, I know how to play. But I know how to do these things only after I have fulfilled my mission. (Nadia Comaneci, ROM, Time Magazine 1976) ? Failure is only postponed success as long as courage â€Å"coaches† ambition. The habit of persistence is the habit of victory. (Herbert Kaufman) ? Victory is sweetest when you’ve known defeat. (Malcolm Forbes) ? A smooth sea never made a skilled mariner. (English proverb) ? The way to develop self-confidence is to do the thing you fear. (William Jennings Bryan) ? Never mind what others do; do better than yourself, beat your own record from day to day, and you are a success. (William J. H. Boetcker) ? If you do the best you can, you will find, nine times out of ten, that you have done as well as or better than anyone else. (William Feather) ? Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it. (William Durant, founder of General Motors) ? Nothing will ever be attempted, if all possible objections must first be overcome. (Samuel Johnson) ? Face your deficiencies and acknowledge them; but do not let them master you. Let them teach you patience, sweetness, insight. (Helen Keller) ? What you can do, or think you can, begin it. Johann Wolfgang von Goethe) ? The aim of an argument or discussion should not be victory, but progress. (Joseph Joubert) ? Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit. (Aristotle) ? Individual glory is insignificant when compared to victory achieved as a team. (Watertown – Mayer Gymnastics Team) ? What lies behind us and what lies before us are tiny matters compared to what lies within us. (William Morrow) ? Aspire, break bounds. Endeavor to be good, and better still, best. (Robert Browning) ? Aim at the sun and you may not reach it; but your arrow will fly far higher than if you had aimed at an object on a level with yourself. (F. Hawes) ? One man practicing sportsmanship is far better than 50 preaching it. (Knute Rockne) ? The important thing is this: to be able at any moment to sacrifice what we are for what we could become. (Charles Du Bos) ? One must have the adventurous daring to accept oneself as a bundle of possibilities and undertake the most interesting game in the world – making the most of one’s best. Harry Emerson Fosdick) ? Judgment comes from experience, and great judgment comes from bad experience. (Robert Packwood) ? Live your life each day as you would climb a mountain. An occasional glance towards the summit keeps the goal in mind, but many beautiful scenes are to be observed from each new vantage point. (Harold B. Melchart) ? Hold yourself responsible fo r a higher standard than anybody else expects of you. Never excuse yourself. Never pity yourself. Be a hard master to yourself – and be lenient to everybody else. (Henry Ward Beecher) ? No matter who says what, you should accept it with a smile and do your own work. (Mother Teresa) ? Happiness lies in the joy of achievement and the thrill of creative effort. (Franklin D. Roosevelt) ? When someone does something good, applaud! You will make two people happy. (Samuel Goldwyn) ? There are no secrets to success. It is the result of preparation, hard work, learning from failure. (Colin Powell) ? The great thing and the hard thing is to stick to things when you have outlived the first interest, and not yet got the second, which comes with a sort of mastery. Janet Erskine Stuart) ? The height of your accomplishments will equal the depth of your convictions. (William F. Scolavino) ? Genius is eternal patience. (Michelangelo) ? The gem cannot be polished without friction, nor man perfected without trials. (Chinese proverb) ? Human nature is not a machine to be built after a model, and set to do exactly the work prescribed for it, but a tree, which requires to grow and develo p itself on all sides, according to the tendency of the inward forces which make it a living thing. John Stuart Mill) ? The greatest glory is not in never failing, but in rising up every time we fall. (Confucius) ? The way to get things done is not to mind who gets the credit for doing them. (Benjamin Jowett) ? Tough times never last. Tough people do. (Robert Schuller) ? There are many ways to measure success; not the least of which is the way your child describes you when talking to a friend. (Unknown) ? Life is an opportunity, benefit from it. Life is a beauty, admire it. Life is a dream, realize it. Life is a challenge, meet it. Life is a duty, complete it. Life is a game, play it. Life is a promise, fulfill it. Life is sorrow, overcome it. Life is a song, sing it. Life is a struggle, accept it. Life is a tragedy, confront it. Life is an adventure, dare it. Life is luck, make it. Life is life, fight for it! (Mother Teresa) ? Hope sees the invisible, feels the intangible, and achieves the impossible. (Anonymous) ? Life is short †¦ live it. Love is rare †¦ grab it. Anger is bad †¦ dump it. Fear is awful †¦ face it. Memories are sweet †¦ cherish it! How to cite Gymnastics, Papers

Merit pay free essay sample

Running Head: Merit Pay for Performance How Does Merit Pay Affect Performance? Running Head: Merit based Pay Merit Pay is a compensation strategy that is used to motivate employees with pay increases based on positive performance. This increase revolves around the company obtaining the bottom line that was set forth by the board members and stockholders. The increase in pay also can be based on seniority and other equitable criteria. The merit pay system is prevalent in the education area. Teachers receive pay for performance based on yearly test scores. The down side to this idea is that teachers tend to educate towards the test as opposed to the kids learning the information. In using a merit system for most businesses, you have to factor in is this meaningful to employees. This means that businesses should be providing merit pay that has fair incentives with competitive pay. Merit Pay has been tested as a very effective way for employees to produce results. We will write a custom essay sample on Merit pay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There are also many pros and cons for having a merit pay system. Some of the pros of the merit system are that it promotes healthy competition between mployees and motivation to produce results. The high performers usually know their worth and skillset and enjoy the challenge of meeting measurable goals that are linked to monetary rewards. Employees like to receive kudos for a Job well done by coworkers and upper management. This comes from a behavioral psychology that where there is good behavior or performance it can be reinforced with a reward. This association created relates behavior to a positive feeling. Merit Pay is believed to have many pros and cons when it comes to the workplace. The long term effects of merit are still being analyzed for effectiveness. A study done by Cornell University states, Extant compensation literature has indicated that pay- for- performance can influence employee performance. There is little research; however, that differentiates the effects of certain forms of pay-for-performance plans on future performance. The logic of pay for performance seems to motivate people that are already considered top performers. There are many organizations that fail Some of the pros are definitely better performance producing results. This also feeds a healthy competition between employees. This motivates them to focus and deliver great results. It allows employees to buy in and effectively communicate their needs for the betterment of the organization, when there is one common goal. This also provides the employees with a permanent increase in pay annually. This usually helps the organizations as well. The cons of the merit system usually affect the morality of the employees. Some employees may feel that no matter how hard they try they can never meet the standard. This will cause them to feel unmotivated. This also causes employees to focus more on their personal goals rather than team goals. The difficulty comes into to play when distributing the 2-3% merit increase adequately. As the organization you want to ensure that the performance appraisals are fair and equitable without inconsistencies. The future of the merit system is really begins to question is there really any merit to the system. The merit system has taken the entitlement mentality out of yearly raise in base pay. The merit system rewards for being competent and capable to do your Job abilities. The downsize to the merit system is those employees that Just dont have the capacity to fulfill the duties required or the employees who attempt to bypass the necessary steps to compete fairly. It seems to me that the slim percentage of increase thats set forth to divide among employees dont really produce a healthy and morally fit environment for the employees. The merit system seems to motivate employees to produce but it also seems to destroy what team morality there may be.