Sunday, January 19, 2020
OConnorââ¬â¢s Greenleaf :: Flannery OConnor Greenleaf Essays
O'Connorââ¬â¢s Greenleaf O'Connorââ¬â¢s story, "Greenleaf," is a dramatic and violent exposition of the workings of grace. The story takes its title from the name of a family who work on the property of a Mrs May. Throughout the story, contrasts are built up between Mrs May's children, who haven't been terribly successful, and Mrs Greenleaf's children, who somehow seem to have succeeded even though Mrs May regards them as very low down on the social scale. Mrs Greenleaf becomes the subject of some satire in the story in terms of her fundamentalist Christianity. For example, there is an instance in which Mrs May comes across Mrs Greenleaf sprawled on her hands and knees on the side of the road with her head down: "Mrs Greenleaf!" she shrilled, "what's happened?" Mrs Greenleaf raised her head. Her face was a patchwork of dirt and tears and her small eyes, the colour of two field peas, were red-rimmed and swollen, but her expression was composed as a bulldog's. She swayed back and forth on her hands and knees and groaned, "Jesus, Jesus." (31) Mrs May, of course, doesn't like this very much and feels that Mrs Greenleaf is, so to speak, "over the top." As we are told: She was a good Christian woman with a large respect for religion, though she did not, of course, believe any of it was true. "What is the matter with you?" she asked sharply. (31) We feel in the story that while O'Connor doesn't approve of Mrs May's lack of any real Christian spirit, she probably doesn't approve of Mrs Greenleaf's excess of spirit either. The end of the story focuses on a bull which keeps breaking into Mrs May's property. This bull takes on a symbolic function when we find Mrs May pursuing the bull trying to get it off her property: She looked back and saw that the bull, his head lowered, was racing toward her. She remained perfectly still, not in fright, but in a freezing unbelief. She stared at the violent black streak bounding toward her as if she had no sense of distance, as if she could not decide at once what his intention was, and the bull had buried his head in her lap, like a wild tormented lover, before her expression changed. One of his horns sank until it pierced her heart and the other curved around her side and held her in an unbreakable grip.
Saturday, January 11, 2020
Research Ethics Board of Canada Essay
There are many rules that must be adhered to when describing a course of ethics. The purpose of this reading, ââ¬Å"Ethics,â⬠was to inform readers of the rules and regulations set forth by the Research Ethics Board of Canada. The ethics board keeps a close watch over matters of all types of human research. The given selection made obvious the Canadian governmentââ¬â¢s involvement in the research practices of its countrymen, and also the governmentââ¬â¢s commitment to keeping human research work ethically sound. The Research Ethics Board of Canada, or the REB, must be consulted in every instance of ââ¬Å"research involving human subjectsâ⬠(p. 3). Part of their job is to make sure that the safety of the living research subjects is held in high esteem. They also provide a ââ¬Å"clear moral foundationâ⬠for research practices (p. 54). The REB is not limited to cases of research on the living. Even in the case of deceased bodies, the REB requires that ââ¬Å"respectâ⬠is in order due to the ââ¬Å"dignity of the person from whom tissue is obtainedâ⬠(p. 76). Regarding the ethical treatment of the living and the dead, the REB has the final say so in what can or cannot be done with a human body, and their opinions supersede those of the researchers (p. 3). The REB oversees laboratory practices, but they also oversee ethical treatment of humans in the public sector as well. In the public sector, celebrities and sports figures are often hounded by reporters and photographers. The REB, however, protects some of their privacy by including in their general policies rules about research on ââ¬Å"living people in the public arenaâ⬠(p. 1). The REB does not regulate research about people who fall into this classification unless ââ¬Å"the subject is approached directly for interviews or for access to private papersâ⬠(p. 1). When such requests occur, the REB must step in and confirm that the ââ¬Å"researchâ⬠is being done ethically and in accordance with policy (p. 1). One could safely assume that most people wanting information for unethical purposes would be dissuaded by the measure of protection the REB provides. The REB may just have a general measure of authority in research in the public sector, but in some research situations, they assume a great amount of control. In cases of extremely invasive or ââ¬Å"potentially harmfulâ⬠research, the REB must assess, monitor, and review each case with ââ¬Å"intense scrutinyâ⬠(p. 9). The REB especially monitors cases that are ââ¬Å"the most ethically challengingâ⬠(p. 9). Some of these cases may include situations where children are involved. Potential ââ¬Å"physical, moral, psychological, and social consequencesâ⬠must be provided for review by the REB before research on a child, particularly a very sick child, can be approved (p. 28). Even if the research is approved, the REB gives the final decision about the research to the person who will be undergoing it. The REB works with people who usually would not be able to indicate consent, such as young children, Alzheimerââ¬â¢s patients, and the cognitively impaired (p. 29). In the interest of ethical behavior, if the person indicates that they do not want to take part in the research, the REB will step in and remove them from the situation. Even though the REB is a governmental agency, they still have control over what happens medically to the most frail and innocent patients. It would be unethical to include a person in a study that they did not choose to take part in, so in the name of ethics the REB stops researchers from taking advantage of perilous situations. The protection of the people of Canada is the main job of the REB. Even though some people are opposed to governmental intrusion into areas of health and ethical treatment, the REB is a good example of appropriate governmental intervention into such research. Canada has an excellent model for the rest of the world.
Friday, January 3, 2020
Mississippi Burning Essay - 1772 Words
ââ¬Å"Racism is mans gravest threat to man - the maximum of hatred for a minimum of reason.â⬠This quote from Abraham Joshua Heschel sums up how inconsiderate and cruel people can be, without processing how evil their actions and words are. Few of us seem to realise how crooked, how universal and how evil racism is. In the film ââ¬ËMississippi Burningââ¬â¢ directed by Alan Parker we see the idea of ââ¬Ëmanââ¬â¢s inhumanity to manââ¬â¢, through racism, fear and corruption. Parker helps us understand the thoughtlessness and evilness of this idea, with the use of verbal and visual techniques such as dialogue, camera angle and shots, After three Civil Rights workers, who were organizing a voter registry clinic, go missing in Mississippis Jessup County, the FBIâ⬠¦show more contentâ⬠¦Parker uses the verbal technique of dialogue in supporting this idea of racism in the film. We see this in many scenes, such as when Mrs Pell talks to Rupert Anderson about the origins of where the racism had come from and also when we see the news team interview locals on their thoughts about the three missing civil rights workers. Through the dialogue we understand in peoples own views and their own words of what they really think. This is vital for any viewer to understand how bad the racism was that took place back in the 1960ââ¬â¢s. It also gives us factual information of where it comes from (the bible, Genesis 9, Verse 27). This idea is relevant today as we see racism through cults and groups who feel they need to discriminate others because thatââ¬â¢s what they think is right, and is what they have been taught thei r whole life. These extremists and white supremacist groups and individuals are still alive and healthy today. Christchurch saw what was said to be the largest white nationalist march ever in New Zealand. Because many people believed that racism is right, we can see that this has been passed on through the years and is definitely relevant in todays society. We see how this can happen in the film, like I said before, when Mrs Pell talks to Anderson and she tells us, ââ¬Å"Hatred isnââ¬â¢t something we are born with, it gets taught. At school they said segregation is whatââ¬â¢s said in the bible. Genesis 9, Verse 27. At seven years of age you get toldShow MoreRelated Mississippi Burning Essay576 Words à |à 3 PagesMississippi Burning Mississippi Burning is a gruesome reminder of some of the pain and hardship that African Americans in the South dealt with because of their skin color. If your skin color was anything other than white, then you were classified as dirty, impure, ugly, and all the degrading names you can find. Having colored skin subjected you to racism and hate crimes as portrayed by the sheriffs and the Ku Klux Klanââ¬â¢s in the movie. The depictions in this movie showed only a small fractionRead MoreMississippi Burning Character Essay2000 Words à |à 8 PagesMississippi Burning character essay In the film ââ¬Å"Mississippi Burningâ⬠, directed by Alan Parker, characterisation is employed very effectively to illuminate the themes of tolerance and social change in the southern United States in the 1960s. Parker uses the buddy/buddy formula through Ward and Anderson to act as a focal point for the plot; as well as being an analogy for the greater conflict in society, in that they have polar opposite personality traits and initially cannot stand each other, butRead More mississippi burning trial Essay2239 Words à |à 9 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;The Mississippi Burning Trialâ⬠was not for the cold-blooded murders of three young civil rights workers, but rather for the violation of their civil rights. The federal government wanted to break Mississippiââ¬â¢s ââ¬Å"white supremacyâ⬠stronghold on the South. ââ¬Å"The Mississippi Burning Trialâ⬠proved to be the opportunity to do so. The three branches of the federal government and their various depa rtments were actively involved in bringing about this civil rights trial in Mississippi and these activitiesRead MoreMississippi Burning by Allan Parker - Analytical Essay: (Racism and Prejudice)1097 Words à |à 5 PagesMississippi Burning ââ¬â Analytical Essay Mississippi Burning, directed by Allan Parker, is set in the state of Mississippi, 1964. In this film, Parker shows that he feels sorry for black people, by strongly portraying the levels of racism and injustice towards negroes, which was implemented by white people (the Ku Klux Klan in particular) within the state. The Ku Klux Klan was a group of white people who believed that negroes were filth, and that they didnââ¬â¢t deserve to live equally among whiteRead MoreAnalysis Of The Movie Mississippi Burning Essay1169 Words à |à 5 PagesAnalytical Essay Introduction The movie Mississippi Burning (Colesberry, Zollo, Parker, 1988) and the reading, ââ¬Å"Narratives of Redemptionâ⬠(Romano, 2006) are very similar in their portrayal of white intervention and the responsibility held in racism and prejudice prevention. This viewpoint places whites on a pedestal and also on the side of loathing, while African-Americans sit back and watch as helpless victims make an effort towards change, but can not do anything to stop the terrible thingsRead MoreBarn Burning By William Faulkner935 Words à |à 4 Pages William Faulknerââ¬â¢s ââ¬Å"Barn Burning,â⬠is about a southern white family that resides in a rural county in Mississippi. The low-income family members are the mother Lennie Snopes, the older brother, two sisters, and an aunt. The storyââ¬â¢s main characters are, Colonel Sartoris Snopes, a 10- year-old boy, the father Abner Snopes, the property owner Abnerââ¬â¢s boss Major de Spain, and his wife, Mrs. Lula de Spain. Abner Snopes characterized as the antagonist, and Faulkner describes him as an evil, vengeful manRead More Racism versus Civil Rights Movement Essay examples1446 Words à |à 6 Pageswas black civil rights. In my essay I plan to compare the difference of opinion between these particular writers and directors, towards racism and the civil rights movement in the 1960s The movement truly got underway with civil rights leaders such as Martin Luther King jr. and Malcolm X in the early 1960s. Students who wanted to bolt on the equality and protest bandwagon quickly followed. Most of the students went to the Southern states (Mississippi, Alabama, Louisiana, etc.), toRead MoreComparing How Sherwood Anderson, William Faulkner, And Or Willa Cather Portray Aspects Of Small-Town Life1493 Words à |à 6 Pages The writings are not much chronological in natural history but more like folklore(Volpe, 93). The story title is The Town small town Mississippi where the characters completely explore many themes in the novel, and they represent author s life. The story is self-contained where Flem Snopes is struggling ruthlessly to take over the town of Jefferson, Mississippi. The themes of both the writers are not restricted to any specific place or time, but they touch the worldwide human emotions and needsRead MorePolar Ice Caps Melting1033 Words à |à 4 PagesIn this essay I express how the melting of the polar ice caps in the North Pole is affecting the survival of habitats of organisms around the world. The common misconception is that only polar bears are suffering from global warming. Because of rapid climate change in multiple areas around the globe, many organisms are unable to live in their normal habitat. They are unable to adapt to these new conditions as fast as they are changing. There are many effects of global warming that is affecting theRead More Animal Symbolism in Native Son by Richard Wright Essay1445 Words à |à 6 Pagessees Bigger put Mary in the furnace.à ?The cat becomes a constant reminder to Bigger of his guilt and fear of discovery? (Kinnamon 124).à He sees the accusations of the white world in the cats all-knowing ey es.à A noise made him whirl; two green burning pools-pools of accusation and guilt-stared at him from a white blur that sat perched upon the edge of the trunk.à His mouth opened in a silent scream and his body became hotly paralyzed.à It was the white cat and his round green eyes gazed hotly past
Thursday, December 26, 2019
Creons Demonstrations of a Tragic Flaw in Sophoclesââ¬â¢...
In Sophoclesââ¬â¢ Antigone, the protagonist, Creon, serves as a great example of how recurring themes, such as the realization and recognition of a tragic flaw (hamartia), cause the downfall of the powerful in Greek literature. Sophocles is effective in portraying the concept of hamartia as an essential component in Creonââ¬â¢s downfall and, based on Aristotleââ¬â¢s characteristics of a tragic character, able to create a character that can be accurately and easily identified as the significant tragic character in the play. Despite the title of the tragedy, Creon undoubtedly provides greater moral significance and can capture the audienceââ¬â¢s attention as the central character. Creonââ¬â¢s significance is clear as he is the successor to Oedipusââ¬â¢ throne in Thebes. His status as king makes him renowned and prosperous. Initially, Creon restrains his respect for his subjects, however, it is clear to them he is not perfect through his pride (hubris). His profound re versal of prosperity is displayed after he struggles to recognize his erroneous judgment (hamartia). Finally, his compassion and apprehension develops into an understanding of his arrogant and destructive nature leading to his redemption. Nevertheless, Creon is left with the burden of the deaths of his family, becoming a shell of misfortune and loneliness. Although Creonââ¬â¢s actions cannot be labeled as courageous, his character traits pertain greatly to that of a tragic hero. As ruler of Thebes, Creonââ¬â¢s power lead to his irrational
Wednesday, December 18, 2019
Observations on Magical Realism Essay - 1521 Words
Observations on Magical Realism What is magical realism? Many people have conflicting ideas about when and who first used the term. It is likely that most people are completely confused when confronted with this subject, but after they read a few papers on magical realism, it becomes a little clearer. The papers that Amaryll Chanady, Luis Leal, Angle Flores, Franz Roh, and Scott Simpkins wrote have been helpful in studying the history and theory of magical realism. Each paper has many good points in it, but the authors argue so much over who is right or wrong that it is hard to decide who to agree with. Angel Flores has several good points in his essay on magical realism. He says that it ââ¬Å"has been studied mostly through theâ⬠¦show more contentâ⬠¦He used ââ¬Å"magicalâ⬠instead of ââ¬Å"mysticalâ⬠to show that ââ¬Å"the mystery does not descend to the represented world but rather hides and palpitates behind itâ⬠(qtd in Leal 120). Roh says, ââ¬Å"Expressionism shows an exaggerated preference for fantastic, extraterrestrial, remote objects.â⬠He also says that ââ¬Å"it employs various techniques inherited from the previous period, techniques that endow all things with a deeper meaning and reveal mysteries that always threaten the secure tranquillity of simple and ingenuous thingsâ⬠(16-18). Then he states that Expressionism is shown by ââ¬Å"varied designs of spherical, colored, and deformed shapesâ⬠while Impressionism is by ââ¬Å"exquisite colorsâ⬠(19). Roh believes that ââ¬Å"Post-Expressionism offers is the miracle of exist ence in its imperturbable durationâ⬠(22). He then goes on to say that ââ¬Å"this new art is situated resolutely between extremes, between vague sensuality and highly structured schematics, as true philosophy may be located between ingenuous realism and exalted idealismâ⬠(23). Art can also have a spiritual meaning. Roh says in art ââ¬Å"the point is not to discover the spirit beginning with objects but, on the contrary, to discover objects beginning with the spiritâ⬠(24). Luis Leal disagrees with several of the things that Flores says. He believes that it was Roh, not Borges, that first used magical realism (120). He also states that itShow MoreRelated Magical Realism in Gabriel Garcia Marqezs A Very Old Man with Enormous Wings1069 Words à |à 5 PagesCharacteristics of Magical Realism in Gabriel Garcia Marqezs A Very Old Man with Enormous Wings The controversy surrounding Magical Realism makes the classification of what is and what is not Magical Realism very difficult. Gabriel Garcia Marquez, a famous Latin American author, has written many pieces of what is generally conceived to be Magical Realism. Marqezs A Very Old Man with Enormous Wings fulfills every characteristic of Magical Realism.. A Very Old Man with Enormous WingsRead MoreThe Theory, History, and Development of Magical Realism Essay examples3188 Words à |à 13 PagesMagical realism is more a literary mode than a distinguishable genre and it aims to seize the paradox of the union of opposites such as time and timelessness, life and death, dream and reality and the pre-colonial past and the post-industrial present. It is characterized by two conflicting perspectives. While accepting the rational view of reality, it also considers the supernatural as a part of reality. The setting in a magical realist text is a normal world with authentic human characters. It isRead MoreLeonardo Da Vinci And The Renaissance Era1572 Words à |à 7 PagesHumanism, realism, and classical values are the most prominent aspects of this Era. ââ¬Å"Humanism is the fundamental idea of that period as one of renewal and reawakening is humanistic in origin.â⬠The term freely applies to a variety of beliefs, methods, and philosophie s that place central emphasis on the human realm. ââ¬Å"Realism, in the arts, the accurate, detailed, unembellished depiction of nature or of contemporary life. Realism rejects imaginative idealization in favour of a close observation of outwardRead More Animal Influences in Paleolithic, Egyptian and Greek Art Essay1428 Words à |à 6 Pagescontain a few humans, geometrical shapes, and even hand prints. The artist used permanent features like ceilings, floors, and walls of rock shelters and caves as their canvas. Pigments of black, yellow, red, and brown were utilized to display the observations of animals. The painters gathered a great deal of information about finding food, and which foods were safe to eat or to hunt, by closely observing animals. The valuable information was passed to others through the detailes in the artwork. TheRead MoreSupernatural, Supernatural And Supernatural1327 Words à |à 6 Pagessupernatural and magical power to enhance their characters being. They made them above others and noble, in a way that no other character was. Reflecting on the different approaches people conduct when they read and analyze literature, there is a multitude of ways that the supernatural can be interpreted. A reader should consider what is supernatural about a certain situation in the text. Are there faeries, witches, wizards and ghosts? What about spells, dragons or angels and devils? By observation, the supernaturalRead MoreAnalysis of Junot Diazs The Brief Wondrous Life of Oscar Wao870 Words à |à 4 Pageswithin that mind of yours. You can write novels with the same ease that the rest of us write checks, and the tales you tell are filled with that magical mix of wonder and realism. And this is no coincidence Oscar, because loners are good at noticing subtle ties that other people miss which makes them well-suited for careers that require close observation, like writing and scientific research, so its no surprise that famous historical loners include Emily Dickinson, Stanley Kubrick, and Isaac NewtonRead MoreCircularity and Linearity: Interweaving Fates in 100 Years of Solitude1305 Words à |à 6 Pagesupon the land after their patriarch, Jose Arcadio, felt forced to leave their native village. The novel serves as a representation of early post-colonialist Colombia, which is the authorââ¬â¢s native country. Among other literary elements such as magical realism and contrasting tragic and comedic effects, Marquez flawlessly incorporates the usage of linear and circular time-plot perspectives in a binary approach in order to produce both a sense of stasis and inertia within the prize-winning novel, whichRead MoreA Very Old Man with Enormous Wings: a Critical Analysis1828 Words à |à 8 Pagesdescribe heavenly bodies. Even the mentioni ng of the ââ¬Å"consolation miraclesâ⬠is done in a way that makes it seem as if these strange things happen everyday. There is indifference in the treatment for when we mention ââ¬Å"miracle,â⬠it always connote something magical has happened that we ought to be grateful for but in this case, the miracles are treated as merely ââ¬Å"consolationâ⬠for they were not the miracles that these people have hoped for. Aside from indifference, the choice of words and language used also showRead MoreA Very Old Man with Enormous Wings: a Critical Analysis1815 Words à |à 8 Pagesdescribe heavenly bodies. Even the mentioning of the ââ¬Å"consolation miraclesâ⬠is done in a way that makes it seem as if these strange things happen everyday. There is indifference in the treatment for when we mention ââ¬Å"miracle,â⬠it always connote something magical has happened that we ought to be grateful for but in this case, the miracles are treated as merely ââ¬Å"consolati onâ⬠for they were not the miracles that these people have hoped for. Aside from indifference, the choice of words and language used also showRead MoreEssay about Visions of America2142 Words à |à 9 Pagesidentity was closely associated with nature; the idealized paintings of the Hudson River School allowed Americans to easily read into nature the qualities they desired to find there. Technically, however, these paintings did not deviate far from pure realism, for ââ¬Å"ââ¬Ëimaginationââ¬â¢ had always been a dangerous word in America,â⬠and a painterââ¬â¢s too obvious use of it could lead to accusations of ââ¬Å"mannerismâ⬠(American Painting 66). Churchââ¬â¢s work demonstrates the association of Americaââ¬â¢s national destiny with
Tuesday, December 10, 2019
Business Ethics A Managerial Approach
Question: What is Business Ethics? Answer: Business ethics By ethics we mean something right or wrong and deal with morality. Different people view ethics differently. Being ethical may not always mean to follow the laws. Business ethics is also termed as corporate ethics. In business, ethics is viewed as certain principles or morals that people must abide by or follow in the organization. Ethics is based on the five theories. They are Egoism Utilitarianism Deontology Care ethics Virtue ethics 1. The Egoism theory was proposed by Ayn Rand and Adam Smith. It highlights on the fact that something can be good or bad, or it may be right or wrong depending on how it satisfies the needs and desires of a person.2. The Utilitarianism theory was proposed by Jeremy Bentham and J.S. Mill. This theory highlights on the fact that one should do those works which will give him greatest happiness (Parboteeah Cullen, 2013).3. The Deontology theory was proposed by Immanuel Kant and W.D. Ross. This theory states that people should choose those works which will recognize ones duties.4. The Care ethics theory was proposed by Carol Gilligan and Virginia Held. The theory states that people should choose certain woks that involves taking care of another people or supporting the weaker or the vulnerable.5. The Virtue ethics theory was proposed by Aristotle and Confucius. It highlights on the fact that the actions performed by people are in fact the traits that are embodied within the person. Considering on the ethical theories the business also functions on these theories. Often people do something which may be unethical to the business organization, but may be ethical to the person. An example of this can be given from the following case study (Boylan, 2013). A pharmaceutical company BioPharmaWizard limited developed a drug which could treat a certain type of cancer, the results of which have been encouraging. Patients were contacted by physicians for the application of the drug. The patients to be treated were strictly mentioned. The persons who had their surgeries in the last three months were eligible. A doctor named Hortense Rhys-Martin decided to include a patient of hers who had the surgery about six months ago. For including her in the study she even alters the date of surgery. She is of the opinion that three months restriction cannot outweigh the potential to help her patient. From the above case study example it can be seen that people often go beyond the organizational ethics to fulfill their personal morals and ethics which is guided by Care ethics theory. Since all the companies consist of people, so the companies like the people itself make moral mistakes. It must be noted that people develop if not guided by the rules and regulations set by the authority. People must engage in their own moral reasoning (Rothlin Haghirian, 2013). Business ethics is often based on the stakeholder framework which has three levels: 1)value proposition 2) principles for stakeholders 3) respect for standards of conduct. The model clearly states that ethics is not a choice business ethics revolves around the fact that business should be taken seriously commitment must be shown towards ethics the organizations must manage based on all the three levels of stakeholders framework there should be n rule that a size fits all. References Boylan, M. (2013).Business Ethics. Hoboken: Wiley. Parboteeah, P., Cullen, J. (2013).Business ethics. New York, NY: Routledge. Rothlin, S., Haghirian, P. (2013).Dimensions of teaching business ethics in Asia. Berlin: Springer.
Monday, December 2, 2019
Phuket Beach Hotel Essay Essay Example
Phuket Beach Hotel Essay Essay Located at Patong beach. Phuket Beach hotel has some underutilized infinite. The hotel has an option of outsourcing this infinite to Planet Karaoke Pub for a monthly rental income. Alternatively. the hotel can construct a saloon itself as such saloons are fast spreading in Thailand and pull many new clients and turning income for itself. Such capital investing determinations are the really critical determinations for any organisation as it will hold to populate with its effects for many old ages. A comprehensive survey is required to make up ones mind which of the proposed undertaking is traveling to be most profitable in the long-run. All investing options need to be studied wholly and all the pros and cons should be listed to enable the company proprietors to do appropriate concluding determination. Thus. for such determinations. Capital budgeting is done which help the organisation select which expenditures will bring forth higher income over the multi-year period. After making capital investing analysis for the two proposed investing programs. the Planet Karaoke Club undertaking seems to be more executable. We will write a custom essay sample on Phuket Beach Hotel Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Phuket Beach Hotel Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Phuket Beach Hotel Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Although the Beach Karaoke Pub undertaking is more monetarily honoring. it is besides more vulnerable to assorted menaces and undertakings negative EACF under such state of affairss. Planet Karaoke Club undertaking is besides more attractive because it guarantees fixed rental income for 4 old ages of the undertaking life. where as the income is unsure for the other undertaking. Beach Karaoke Club stands the benefit of enrolling the internal surplus and already trained staff. . If the transportation is efficient. it will hold a zero chance cost. But there is a possibility of deficit in work force due to the big new undertaking. and hiring of staff brings with itself addition in the costs. Hotelââ¬â¢s gross will besides be affected due to any negative affect on the sale of the suites. This in bend will besides hold an impact on the operating disbursals related to the room. which is straight relative to the room gross revenues. The initial investing for this undertaking will be of decor. furniture and equipments. Salary costs. nutrient and drink costs. fixs and care costs will be the major disbursals for this undertaking along with other operational disbursals. In this analysis. merely incremental hard currency flows are relevant. This is why involvement payments are non taken into consideration. Even depreciation is deductible for revenue enhancement intents and do non account for hard currency flows. These two reciprocally sole undertakings can be ranked through assorted assessment standards. On the footing of given capital information. an 11. 0 % of leaden mean cost of capital is computed. Same is used for dismissing all the hard currency flows in the undertakings. Equivalent Annual Cash Flow method ( EACF ) is used to compare the two undertakings more efficaciously with respect to length and clip. This method is so designed to supply for the clip value of money. The four other suggested standards are besides used but they have there ain defects. where as. EACF provides with accurate conse quences for ciphering the existent economic growing on annual footing for the whole undertaking life. It is seen that the Hotel ( board of managers ) uses the Average Rate of Return on Investment ( ROI ) and Paybak period methods to measure its capital undertakings. although these two methods do non supply accurate analysis. This is so because these two methods do non take into consideration the clip value of money. which is an extreme of import construct. The Payback period method further ignores the benefits that will happen one time the wage back period is over. The ROI method is besides inconsistent because you are non puting when leasing. Ignoring the defects of the two methods for the clip being. and utilizing it for the analysis. we compute an mean ROI of 39. 17 % and payback period to be 2. 43 old ages for the Planet Karaoke undertaking. Where as. the ROI for Beach Karaoke Pub comes out to be 43. 7 % and 2. 58 old ages as its payback period. Net Present Value ( NPV ) method can besides be used for measuring the undertakings. It is an efficient manner of gauging economic addition with regard to clip value of money. but once more this method can non be used for comparing assorted undertakings with different life times. Yet. utilizing this method we compute the NPV $ 384. 204. 55 for Planet Karaoke Pub and $ 1365622. 91 for the Beach Karaoke Pub. The Internal Rate of Return ( IRR ) turns out to be 67. 31 % for Planet Karaoke Pub and 34. 12 % for the other. This method which is used to mensurate the efficiency of the investing has its defects. Evaluations utilizing this method might hold multiple values and it presumes that the interim hard currency flow can be reinvested at IRR. which is non right. The Equivalent Annual Cash Flow. being the best analytical tool is besides computed and used for determination devising. The EACF of Beach Karaoke Club is estimated to be 323. 731. 71 and 124. 103. 76 for the Planet Karaoke Pub. Due to its income certainty. even the sensitiveness analysis shows that Planet Karaoke Club is a better pick. The undertaking brings with itself assorted benefits. The undertaking guarantees gross by agencies of monthly rental income and one-year fixs and care charges. The major disbursals include the care charges. which are every bit distributed over the projectââ¬â¢s life. As this undertaking doesnââ¬â¢t need all the available infinite for the nine. the staying infinite can besides be used for doing an back street for the hotel. A comparative analysis will demo that when the wages of the Beach Karaoke Club undertaking exceed 5. 47 % of its gross revenues. the Planet Karaoke undertaking becomes more cost-efficient. Additionally. Beach Club projectââ¬â¢s EACF will be less as compared to the other undertaking. if the gross revenues gross is less than 89. 69 % of the expected gross revenues. This undertaking seems more vulnerable to effects of capital cost due to its longer life period. Furthermore. this undertaking will once more be less preferable if its Cost of Capital ( COC ) rises above 25. 98 % . There are assorted other factors which can non be expressed numerically. but they do hold a major impact on the undertaking and hence on its choice. One of the major such factor is the safety and security issue. The development of a Karaoke Club will ask for many unwanted invitees like drug nuts. drinkers and felons. There incoming will certainly consequence the visits of people along with their household and kids and therefore. will convey approximately negative impact. In order to cover with any un pleasant fortunes. more security guards will hold to be hired which will convey with itself an addition in the operating costs ( informations for this is non provided for the analysis ) . On the other manus. such nine would besides convey with itself extra investing and sponsorship. As the analysis brings to illume that it is more good for the Hotel to out beginning the under-utilized infinite instead than develop a saloon itself. Wanida should propose investing recommendation in the favour of Planet Karaoke Pubs. This undertaking retains a positive EACF under unfavourable state of affairss and warrants fixed income.
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