Case 4 cost of capital: silicon valley medical technologies, inc.
Silicon Valley Medical Technologies – SIVMED was found in San Jose, CA, in 1982 by Kellys OBrien, David Roberts, and Barbara Smalley. OBrien and Roberts, both MDs, were on the research faculty at the UCLA Medical School at the time; OBrien specialized in biochemistry and molecular biology, and Roberts specialized in immunology and medical microbiology. Smalley, who has a PhD, served as department chair of the Microbiology Department at UC-Berkeley.
The company started as a research and development firm, which performed its own basic research, obtained patents on promising technologies, and then either sold or licensed the technologies to other firms which marketed the products. In recent years, however, the firm has also contracted to perform research and testing for larger genetic engineering and biotechnology firms, and the US government. Since its inception, the company has enjoyed enormous success even its founders were surprised at the scientific breakthroughs made and the demand for its services. One event that contributed significantly to the firms rapid growth was the AIDS epidemic. Both the US government and the private foundations have spent billions of dollars in AIDS research, and SIVMED had the right combination of skills garner significant grant funds, as well as perform as a subcontractor to other firms receiving AIDS research grants.
The founders were relatively wealthy individuals when they started company, and they had enough confidence in the business to commit most of their own funds to the new venture. Still, the capital requirements brought on by extremely rapid growth soon exhausted their personal funds, so they were forced to raise capital from outside sources. First, in 1991, the firm borrowed heavily, and then in 1993, when it used up its conventional debt capacity, it issued $15 million of preferred stock. Finally, in 1996, the firm had an initial public offering (IPO) which raised $50 million of common equity. Currently, the stock trades in the over-the counter market, and it has been selling at about $25 per share.
SIVMED is widely recognized as the leader in an emerging growth industry, and it won an award in 1998 for being one of the 100 best-managed small companies in the US. The company is organized into 2 divisions: (1) the Clinical Research Division and (2) the Genetic Engineering Division. Although the two divisions are housed in the same buildings, the equipment they use and their personnel are quite different. Indeed, there are few synergies between the two divisions. The most important synergies lay in the general overhead and marketing areas. Personnel, payroll, and similar functions are all done at the corporate level, while technical operations at the divisions are completely separate.
The Clinical Research Division conducts most of the firms AIDS research. Since most of the grants and contracts associated with AIDS research are long-term in nature, and since billions of new dollars will likely be spent in this area, the business risk of this division is low. Conversely, the Genetic Engineering Division works mostly on in-house research and short-term, contracts where the funding, duration, and payoffs are very uncertain. A line of research may look good initially, but it is not unusual to hit some snag, which precludes further exploration. Because of the uncertainties inherent in genetic research, Genetic Engineering Division is judged to have high business risk.
The founders are still active in the business, but they no longer work 70-hours weeks. Increasingly, they are enjoying the fruits of their past labors, and they have let professional managers take over day-to-day operations. They are all on the board of directors, though, and David Roberts is chairman.
Although the firms growth has been phenomenal, it has been more random than planned. The founders would simply decide on new avenues of research, and then count on the skills of the research team and good luck- to produce commercial success. Formal decision structures were almost nonexistent, but the companys head start and its bright, energetic founders easily overcame any deficiencies in its managerial decisions processes. Recently, however, competition has become stiffer and such large biotechnology firms as Genentech, Amgen, and even Bristol-Myers Squibb have begun to recognize the opportunities in SIVMEDs research lines. Because of this increasing competition, SIVMEDs founders and board of directors have concluded that the firm must apply state-of-the-art techniques in its managerial processes as well as in its technological processes. As a first step, the board directed the financial vice president, Gary Hayes, to develop an estimate for firms cost of capital and to use this number in capital budgeting decisions. Haves, in turn, directed SIVMEDs treasurer, Julie Owens, to have cost of capital estimate on his desk in one week. Owens has an accounting background, and her primary task since taking over as treasurer has been to deal with the banks. Thus, she is somewhat apprehensive about this new assignment, especially since one of the board members is a well-known Northwestern University finance professor.
TABLE 1
SIVMED, Inc. Balance Sheet for the year ended Dec 31, 1999
(in millions of dollars)
Cash and marketable securities $ 7.6 Account Payable $ 5.7
Account Receivable 39.6 Accruals 7.5
Inventory 9.1 Notes payable 1.9
Current Assets $ 56.3 Current Liabilities $ 15.1
Long-term debt 61.2
Net fixed assets 114.5 Preferred stocks 15.0
Common stock 79.5
Total assets $170.8 Total claims $170.8
To begin, Owens reviewed SIVMEDs 1999 balance sheet, which is shown in Table 1.
Next, she assembled the following data:
SIVMEDs long-term debt consists of 9.5 percent coupon, semiannual payment bonds with 15 years remaining to maturity. The bonds last traded at a price of $891 per $1,000 par value bond. The bonds are not callable, and they are rated BBB.
The founders have an aversion to short-term debt, so the firm uses such debt only to fund cyclical working capital needs.
SIVMEDs federal-plus-state tax rate is 40 percent.
The companys preferred stock pays a dividend of $2.50 per quarter, it has a par value of $100; it is non-callable and perpetual; and it is traded in the over-the-counter market at a current price of $ 104.00 per share. A flotation cost of $2.00 per share would be required on a new issue of preferred. (Although not planned at this time the company is interested in how the analysis would change if preferred stock had a mandatory redemption provision, which specified that the firm must redeem the issue in 5 years at a price of $110 per share).
The firms last dividend (D0) was $1.09, and dividends are expected to grow at about a 10 % rate in the foreseeable future. Some analysts expect the companys recent growth rate to continue, others expect it to go zero as new competition enters the market, but the majority anticipates that a growth rate of about 10% will continue indefinitely.
An important minority of analysts have noted that over last few years, the company has as a 14 % average return on equity (ROE) and has paid about 25 % of its net income as dividends. They believe the firms expected future growth rate, g should be based on the information and used to estimate ks.
The firms per share dividend payment over the past 5 years has been as follows:
YEAR DIVIDEND
1995 $0.72
1996 0.75
1997 0.85
1998 1.00
1999 1.09
SIVMEDs common stock now sells at a price of about $25 per share. The company has 5 million common shares outstanding.
The current yield on long-term T-bonds is 8%, and a prominent investment-banking firm has recently estimated that the market risk premium is 6 % points over Treasury bonds. The firms historical beta, as measured by several analysts who follow the stock, is 1.2.
The required rate of return on an average (A-rated) companys long-term debt is 10%.
SIVMED is forecasting retained earnings of $1,800,000 and depreciation of $4,500,000 for the coming year.
SIVMEDs investment bankers believe that a new common stock issue would involve total flotation costs including underwriting costs, market pressure from increased supply, and market pressure from negative signaling effects of 30%.
The market value target capital structure calls for 30% long-term debt, 10% preferred stock, and 60% common stock.
Now assume that you were recently hired as Julie Owenss assistant, and she has given you the task of helping her develop the firms cost of capital. You will also have to meet with Gary Hayes and, possibly, with the president and the full board of directors (including the Northwestern finance professor) to answer any questions they might have. With this in mind, Owens wrote up the following questions to get you started with your analysis. Answer them, but keep in mind that you could be asked further questions about your answers, so BE SURE you understand the logic behind any formulas or calculations you use explain your reasoning briefly.
In particular, be aware of potential conceptual or empirical problems that might exist write them down.
QUESTIONS:
What specific items of capital should be included in SIVMEDs estimated weighted average cost of capital (WACC)? Should before-tax- or after-tax values be used? Should historical (embedded) or new (marginal) values be used? Why?
A) What is your estimate of SIVMEDs cost of debt?
B) Should flotation costs be included in the component cost of debt calculation? Explain.
C) Should the nominal cost of debt or the effective annual rate be used? Explain.
D) How valid is an estimate of the cost of debt based on 15-year bonds if the firm normally issues 30-year long-term bond? If you believe the estimate is not valid, what could be done to make the 15-year cost a better proxy for the 30-year cost (Hint: Think about the yield curve).
E) Suppose SIVMEDs outstanding debt had not been recently traded, what other methods could be used to estimate cost of debt?
F) Would it matter if the currently outstanding bonds were callable? Explain.
A) What is your estimate of the cost of preferred stock?
B) SIVMEDs preferred stock is more risky to investor that its debt, yet you should find that its before-tax yield to investors is lower than the yield on SIVMEDs debt. Why does this occur?
C) Now suppose SIVMEDs preferred stock had a mandatory redemption provision, which specified that the firm must redeem the issue in 5 years at the price of $110 per share. What would SIVMEDs cost of preferred be in this situation? (in fact, SIVMEDs preferred does not have such a provision, so ignore this question when working the remainder of the case).
A) Why is there a cost associated with retained earnings?
B) What is SIVMEDs estimated cost of retained earnings using the CAMP approach?
C) Why might one consider the T-bond rate to be a better estimate of the risk-free rate than the T-bill rate? Can you think of an argument that would favor the use of the T-bill rate?
D) How do historical betas, adjusted historical betas, and fundamental betas differ? Do you think SIVMEDs historical beta would be better or worse measure of SIVMEDs future market risk than the historical beta for an average NYSE company would be for its future market risk? Explain your answer.
E) How can SIVMED obtain a market risk premium for use in a CAPM cost-of-equity calculation? Discuss both the possibility of obtaining an estimate from some other organization and also the way in which SIVMED could calculate a market risk premium in-house.
A) Use the discounted cash flow (DCF) method to obtain an estimate of SIVMEDs cost of retained earnings.
B) Suppose SIVMED, over the last few years, has had a 14% average return on equity (ROE) and has paid out about 25% of its net income as dividends. Under what conditions could this information be used to help estimate the firms expected future growth rate, g? Estimate ks using this g estimate.
C) The firms per share dividend payment over the past 5 years has been as follows:
YEAR DIVIDEND
1995 $0.72
1996 $0.75
1997 $0.85
1998 $1.00
1999 $1.09
What was the firms historical dividend growth rate using the point-to-point method? Using linear regression?
Use the bong-yield-plus-risk-premium method to estimate SIVMEDs cost of retained earnings.
What is your final estimate for ks? Explain how you weighted the estimated of the 3 methods.
What is your estimate of SIVMEDs cost of new common stock, ke? What are some potential weaknesses in the procedures you used to obtain this estimate?
A) Construct SIVMEDs marginal cost of capital (MCC) schedule. How large could the companys capital budget be before it is forced to sell new common stock? Ignore depreciation at this point.
B) Would the MCC schedule remain constant beyond the retained earnings break point, no matter how much new capital it raised? Explain. Again, ignore depreciation.
C) How does depreciation affect the MCC schedule? If depreciation were simply ignored, would this affect the acceptability of proposed capital projects? Explain.
Should the corporate cost of capital as developed above be used by both divisions, and for all projects within each division? If not, what type of adjustment should be made?
A) What are SIVMEDs book value weights of debt, preferred stock, and common stock? (Hint: consider only long-term sources of capital).
B) What are SIVMEDs market value weights of debts, preferred stock, and common stock?
C) Should book value or market value weights be used when calculating the firms weighted average cost of capital? Why?
Mgt 450 (strategic planning for organizations) complete course week
MGT 450 (Strategic Planning for Organizations)
Week 1
Week 1 DQ 1
Strategic Planning Process: In your own words, define strategic planning and explain why it is crucial to an organizations survival. In your response, include a description of how strategic planning differs from strategic management. Lastly, explain how your current or previous organizations strategy might influence its business model. Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Week 1 DQ 2
Mission Statement: Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently? Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion
Week 1 Assignments:
MGT 450 Week 1 Developing a Mission Statement. (450+ Words)
MGT 450 Week 1 Quiz (10 MCQ’s)
Week 2
Week 2 DQ 1
Porters Five Forces: The internet significantly influenced business and strategic planning. In your opinion, according to Porter’s Five Forces Model, has competition increased or decreased overall as a result of the Internet and e-commerce? Justify and support your response with two examples from your text or external resources. Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion
Week 2 DQ 2
Industry Analysis: Describe an industry analysis and its purpose. Give two examples of the types of questions an industry analysis might answer. In your discussion also include an analysis of the chosen two areas and how they affect the strategic planning process. Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Week 2 Assignments:
MGT 450 Week 2 Develop a Vision Statement. (400+ Words)
MGT 450 Week 2 Quiz (10 MCQ’s)
Week 3
Week 3 DQ 1
SWOT Analysis and Strategic Planning: Identify and describe the areas of a SWOT analysis and discuss why it is important to consider these areas when developing a strategic plan. Why is it often difficult to develop a realistic analysis? Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion
Week 3 DQ 2
Strategic Alternatives: Imagine a nonprofit organization trying to raise funds for cancer research. What types of strategic alternatives might such an organization develop? Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Week 3 Assignments:
MGT 450 Week 3 Conducting a SWOT Analysis= Fast Food Chain (300+ Words)
MGT 450 Week 3 Quiz (10 MCQ’s)
Week 4
Week 4 DQ 1
Establishing Metrics: Your text explains why it is important to select the appropriate criteria for strategic planning. Part of this process is establishing metrics to measure the progressive success of the strategic plan. Choose and discuss two metrics that an organization might consider when developing a strategic plan? What are some considerations or criteria that leaders utilize when developing a strategic plan? How might this process work in your current organization or a previous organization? Respond to at least two of your classmates posts by Day 3. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Week 4 DQ 2
Mission and Vision Statements:In Weeks Two and Three we examined mission and vision statements. Conduct an internet search to find an organization that lists its mission and vision statement on its website. What do the mission and vision statements communicate? How might the organization use mission and vision statements when establishing goals for the organization? How might this process impact operational planning and the establishment of metrics? Respond to at least two of your classmates posts by Day 3. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Week 4 Assignments:
MGT 450 Week 4 Quiz (10 MCQ’s)
Week 5
Week 5 DQ 1
Deliberate and Emergent Strategies : What is the difference between deliberate strategies and emergent strategies? How might emergent help with a future strategic planning process? In your opinion, what are the potential consequences of ignoring emergent strategies? Support your answers with resources. Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Week 5 DQ 2
Globalization and International Markets: Choose two international strategies, compare and contrast them, and discuss why organizations may choose one strategy over another when expanding into the international market. Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Week 5 Assignment:
MGT 450 Week 5 Final Project (DELL). (3250+ Words)
Long Term Care for the Elderly Case Study
ASSIGNMENT GUIDELINES (10%):Students will critically measure the readings from Chapters 7 to 12 in your textbook. This assignment is planned to help you examination, evaluation, and apply the readings and strategies to your of a long-term care settings You need to read the PowerPoint Presentation assigned for week 3 and develop a 3-4 page paper reproducing your understanding and capability to apply the readings to your long-term care settings. Each paper must be typewritten with 12-point font and double-spaced with standard margins. Follow APA format when referring to the selected articles and include a reference page. EACH PAPER SHOULD INCLUDE THE FOLLOWING:1. Introduction (25%) Provide a brief synopsis of the meaning (not a description) of each Chapter and articles you read, in your own words that will apply to the case study presented. 2. Your Critique (50%)A CASE STUDY: THE LONG TERM CARE OF OLDER PEOPLE1. INTRODUCTIONIn December 2017 a Royal Commission was appointed by the present Labor government to exam the options for a supportable system of financing the long-term care of older people. The forms of care considered included care in the community, in a person’s own home, and care in residential or nursing homes. Older people receiving long-term care in these settings may also require acute medical care so it was relevant to also look briefly at the general health provision for older people. Since the creation of the NHS older patients have been seen as a drain on resources diverting services away from other patient groups (Wilkinson and Hughes, 2006). Elderly care has always been one of the Cinderella services within the NHS, receiving less than adequate resources despite repeated attempts to ensure it was given priority in resource allocation (Ibid.). Numerous studies have focused on the social deprivation and abuse suffered by people in elderly care homes (Barton, 2009; Biggs et al., 2005; Robb, 2007; Townsend, 2002). The current debates about health care and older people focus on rationing, and on standards of care for the old both in hospitals and in residential and nursing homes. Evidence exists that older people are denied access to treatments provided for younger patient. (Aaron and Schwartz, 2004; Age Concern, 2007). The continuing poor quality of care for older people within the NHS has been the focus of considerable media attention (Abrams, 2008; Brindle, 2007; Evans 2007). In October 2007 The Observer newspaper launched a campaign to ensure that older people in hospital are treated with dignity, following reports of neglect. In the same month The Sunday Times launched a campaign for better care for the elderly in long-term care and highlighted abuse and indignity routinely suffered by people in residential and nursing homes. Both campaigns generated a large public response. It is important to note that long-term care is not free, but is means tested, the state paying only for those who cannot pay for themselves.1.1 The Findings of the Royal CommissionAccording to the Royal Commission Report, With Respect to Old Age: A Report by the Royal Commission on Long Term Care (2009), the present system of long term care is characterized by complexity and unfairness. The diversity of providers and funders may operate against the interests of R. ter Meulen, W. Arts, and R. Muffels (eds.), Solidarity in Health and Social Care in Europe, 417-422. © 2001 Kluwer Academic Publishers. 418 A. CAMPBELL AND S. JONES individual clients. More importantly the Commission found evidence of bewilderment, ‘a strong sense of loss of control, a sense of actually losing a loved individual to a system that is beyond understanding and which makes individuals feel beyond help. No amount of statistics or cool analysis can take away the human despair which individuals feel when confronted with the system as it is’ (PA2). Although the Commissioners recognize that the Welfare State has considerably improved the lot of older people, they claim that as a society we have ceased to value old age. Many older people now live twenty to thirty years beyond retirement. The financial position of pensioners is variable but many are considerably poorer than those in other groups are, and this is a threat to their security in old age. The present NHS is performance led, resulting in earlier discharges. Discharge from hospital is a critical point for many older people, which, along with other crises can result in the perceived need for residential care. Older people can be forced to sell their homes and cut off their links with local communities by decisions, which are often hastily taken. Although residential and nursing homes may be caring and supportive, older people are then removed from sight and from society. The result is social exclusion of a whole section of society.1.2 The Commission’s RecommendationsThe Commission Report sets out in the first chapter the values that have guided its deliberations. The recommendations begin from the position that old age should not be seen as a problem, but as a time of life with fulfilment of its own. According to the Commissioners older people do continue to play a positive role in society by acting as careers, supporting families, by providing wisdom and advice and by playing an active part in society. However, these positive images are often over shadowed by negative ones. Underlying much of the political language about old age is assumption that old age is a problem. With the expected rise in the numbers of elderly and the rise in their proportion of the population this is thought to be a problem which will become increasingly insoluble in future years. However, such an approach treats the old as a homogenous group, which clearly they are not, and fails to recognize people as individuals with their own needs aspiration and perceptions. Moreover the Commission found that for the UK there is no ‘demographic timebomb’ as far as long-term care is concerned, and as a result costs of care would be affordable. Against these negative images, the Commission suggests a new understanding: older people should not simply be seen as the passive recipients of welfare, rather society should recognize the value inherent in older people, and the value in helping them to continue to realize their potential. The department of Education and Employment’s commitment to lifelong learning should mean learning for life beyond work and into the retirement years. Old age should be seen as a special time when we have the gift of time to develop interests.CASE STUDY CHALLENGE:1. Why is Long Term Care important to our overall health care system?2. What is long term care for the elderly?3. What percentage of elderly live in nursing homes?4. What percentage of individuals over 65 will require long term care?3. Conclusion (15%)Briefly summarize your thoughts & conclusion to your critique of the case study and provide a possible outcome for Long-term Care setting for elderly.How did these Chapters influence your opinions about Health Economics in a Health ethics Context?Evaluation will be based on how clearly you respond to the above, in particular:a) The clarity with which you critique the case study;b) The depth, scope, and organization of your paper; and,c) Your conclusions, including a description of the impact of these Case study on any Health Care Setting.
Dimension m2 | Nursing homework help
Balancing School and Life – My Quality of Life Self-Care Plan. The purpose of developing this Plan is to set a framework and a plan to maintain wellness and to stay motivated and engaged throughout your Program. Doing this will help you achieve success during your coursework and as a professional nurse.
The goal of the Project is to help you become self-aware and reflective as a means of identifying personal self-care strategies that will increase your energy and help you manage your stress. The Project will give you a chance to learn how this is accomplished as you will be doing similar work with clients during the Program and as a professional nurse to assist them in the same way.
Using an online search tool such as Google.com, locate and select a free quality of life assessment tool. Assess your quality of life using the tool you selected.
Describe the tool you selected and why you chose this tool.
Include a link to the tool.
Discuss at least two strengths related to your quality of life.
Identify at least two strategies to maintain or maximize these strengths.
Describe how you would implement these strategies using SMART goals.
Discuss at least two weaknesses related to your quality of life.
Identify at least two strategies to improve these weaknesses.
Describe how you would implement these strategies using SMART goals.
Accurate grammar, spelling and APA format.
Resource:
What is the SMART method? How do I set realistic goals?
Analyzing with anova | Psychology homework help
Submit your answers to the following questions using the ANOVA source table below. The table depicts a two-way ANOVA in which gender has two groups (male and female), marital status has three groups (married, single never married, divorced), and the means refer to happiness scores (n = 100):
a.What are the independent variables and their levels? What is the dependent variable?
b.State all null hypotheses associated with independent variables and their interaction? Also suggest alternate hypotheses?
c.What are the degrees of freedom for 1) gender, 2) marital status, 3) interaction between gender and marital status, and 4) error or within variance?
d.Calculate the mean square for 1) gender, 2) marital status, 3) interaction between gender and marital status, and 4) error or within variance.
e.Calculate the F ratio for 1) gender, 2) marital status, and 3) interaction between gender and marital status.
f.Identify the critical Fs at alpha = .05 for 1) gender, 2) marital status, and 3) interaction between gender and marital status.
g.If alpha is set at .05, what conclusions can you make?
SourceSum of Squares(degrees of freedom [df])Mean SquareFobt.Fcrit.
Gender68.15????
Marital Status127.37????
Gender * Marital Status (A x B)41.90????
Error (Within)864.82??NANA
Total1102.2499NANANA
Please Note: The table that you see in the assignment has been slightly modified from the one presented in the module notes since it is beyond the scope of this unit to have students calculate p values. Instead you are asked to calculate the F value and compare it to the critical F value to determine whether the test is significant or not.
an
Eng 125 week 2 dqs
DQ 1
Chapter Five discusses the importance of point of view in literature and, more specifically, in the short story. Choose one short story from the course text about which you have not yet written, and analyze it in terms of point of view.
When writing your post, consider the following questions
How would you categorize the point of view [e.g., first-person, second-person (i.e., you), third-person limited, third-person omniscient]?
Is the point of view consistent throughout the story (told from the same perspective), or does it shift at any points in the narrative? (If so, make note of when and how those changes occur.)
How does point of view shape your reading of the work? In what ways does it contribute to or detract from your reading of the work?
How does point of view relate to the storys themes or content?
DQ 2
Chapter Seven explores the role of symbols in conveying literary themes. Themes are abundant in literary works (though they are at some times more obvious than at others). Select one short story from the reading assignments (from either Week One or Week Two) to examine more closely in relation to symbolism. Consider the storys overall theme(s) and use of images as well as how these two relate to one another. You may choose to explore one single recurring symbol, or you may discuss multiple symbols and how they relate to one another.
At the beginning of your post, identify (a) the literary work that you will analyze and (b) the theme(s) that is/are most relevant to the symbolism you will explore.
16 Sectors of Cikr in The United States Discussion
reply to discussion belowI have learned many things over the past seven weeks. Things that I did not know before taking this class. I am learning more and more about our country and how things work. There are 16 sectors of CIKR in the United States. We as a country know that we have these different places, but I dont think the majority really know what can happen if one of the sectors are taken out. As we learned earlier in this class our critical infrastructures are failing. The grades we have are not even close to what they need to be. More people need to be told how poorly our countries infrastructures are and they need to be improved. Currently in the neighborhood that I live in we are pushing for better roads. My household is becoming an advocate to improve our infrastructure. We are conducted our own studies on the amount of traffic that is coming by our house and the size of the vehicles. Currently the road is not wide enough in many places for dump trucks or tractor trailers to be driving on. Plus they go to fast for the curves and force cars into the ditches. There are other places within the county were entry and exit ways from side roads do not have the proper visibility. Our county is growing and the roadways have not been restructured or improved to handle the increase of vehicular traffic. Being an advocate for this improvement we are having to bring the information to our Board of Supervisors. We are also bring this information to the Virginia Department of Transportation.
Performance measurement” please respond to the following:
1. Determine why organizations can have higher productivity when top managers encourage supervisors to set goals, assess performance, and provide feedback to employees. Support your answer with examples. Then, describe the experience you have had with performance appraisals and how your performance has been influenced by them.
2. From the e-Activity, rate the importance of measuring performance and providing an opportunity for feedback. Support your position.(e-Activity: Go to businessballs Website and review the information regarding performance appraisals, located at http://www.businessballs.com/performanceappraisals.htm. Be prepared to discuss
3. Imagine you are working at an ice cream shop. It is the middle of summer, the shops busiest season, and the electricity goes out during a storm. Rank the actions that you should take in order of importance, as your performance will be measured regarding your immediate actions.
4. Assess the advantages and / or disadvantages of having more than one source of performance measurement within a company. Support your position with examples. Of the performance measurement sources you provided, select one that you believe your current or previous company could benefit from and explain why.
Assignment 1: employee turnover | English homework help
Assignment 1: Employee Turnover
Due Week 4 and worth 150 points
Employee turnover in the hospitality industry averages 400% annually. This means that, on average,
100% of the staff of a restaurant, hotel, airline, cruise ship, etc. is replaced four (4) times per year. There
has been extensive research on employee turnover and employee job satisfaction. Using the Internet or
the Strayer Library, select one (1) hospitality industry type such as fast-food restaurants, luxury hotels,
specialty hotels, or any other type of hospitality interest and identify the main problems associated with
that industry and employee turnover. Suggest ways and methods to address the high turnover rate.
Write a five to six (5-6) page paper in which you:
1. Describe the type of hospitality industry and its main categories of employees.
2. Summarize three (3) primary reasons that turnover is so high in this industry.
3. Recommend one (1) method to address each of the three (3) primary reasons that turnover is so
high in this industry.
4. Recommend one (1) method to improve job satisfaction in general for this industry.
5. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other
Websites do not quality as academic resources.
Human element using it week 4
One of the key aspects of developing a strategy for the human elements in information technology (IT) project is to identify the roles and responsibilities of those affected by and involved with the projects. These people are called the stakeholders, and they will be the ones who determine the success of the projects. The key aspects of a project’s success include the identification of the stakeholders and planning and preparing for the strategies of communication between those stakeholders.
For this assignment, you will continue to work on the Human Elements in IT Strategy document by identifying the stakeholders and defining their roles and responsibilities within the IT projects. You will then establish a strategy for communication between these stakeholders, including the methods of communication and identification of the key artifacts of project information that must be communicated during project execution. This is the Key Assignment First Draft.
The project deliverables are as follows:
Update the Human Elements in IT Strategy document title page with a new date.
Update the previously completed sections based on instructor feedback.
IT Project Stakeholders
Stakeholder Identification, Roles, and Responsibilities
Create a list of the key stakeholders in your organizations IT projects.
Describe the roles and responsibilities of each stakeholder with respect to IT projects.
Summarize the issues related to the organization’s IT projects that are important to each stakeholder.
Stakeholder Communication
Develop a strategy for communication between the stakeholders identified in the first part of the assignment.
The communication strategy should identify the major communication that should occur during the project and the key artifacts that should be communicated.
For example, a design document should be one of the key artifacts, and it should be communicated to specific project stakeholders.
A communication matrix would be appropriate for this part of the assignment.
Be sure to update your table of contents before submission.
