Critically Evaluate why the Liquidity of a Firm is Considered Crucial Essay

Critically Evaluate why the Liquidity of a Firm is Considered Crucial Especially in the Growth Stage of a Company's Development - Essay Example Current paper focuses on a particular aspect of organizational performance: liquidity, a term used in order to show the potentials of an organization to meet its liabilities. Emphasis is given on the significance of liquidity in the growth stage of the company development. At the same time, efforts are made in order to identify the terms under which the changes in the financial statement of a particular organization can influence the organization’s value creation process. The literature published in regard to these issues has been reviewed and evaluated; it is made clear that the role of liquidity in the growth stage of the company development can be differentiated. As of the changes on a firm’s financial statements, these seem as unavoidable especially under the following terms: the value creation process of each organization is based on specific organizational data; changes on the particular data could influence the validity of the assumptions made in regard to the ec onomic status of the organization and its power within its industry. 2. Liquidity and company development - Why the liquidity of a firm is considered crucial especially in the growth stage of a company's development In order to understand the role of liquidity in the growth stage of a company development, it would be necessary to refer to the activities in which a company has to be involved during the specific phase. In accordance with Schmeisser, Clausen and Popp (2011), during its growth phase, a firm has to develop its activities covering the relevant costs; at this point, the following problem appears: the development of a company in its growth phase may be delayed due to a series of factors that cannot be easily controlled, such as the lack of capability of employees, failures in the communication of the organization with its customers or suppliers and so on (Schmeisser, Clausen and Popp, 2011). During the above period, the cash required for the completion of the firm’s projects can be increased while the profits achieved may be low, especially in the initial period of the firm’s growth. Therefore, the liquidity of the organization during the specific period may be low. In a different case, i.e. in case that the liquidity of the organization in its growth phase is high, it can be assumed that the prospects for the organization, in terms of its performance, are quite positive. Kapil (2011) notes that the level of liquidity of each organization should be periodically checked in order to ensure the status of the organization within its market. It is explained that for modern firms, liquidity reflects their ability to achieve their targets, no matter if they refer to the short or the long term. In the context of the above role, liquidity is described as an indicator of ‘the investments and assets of a firm that can be quickly converted to cash at any time or within one year’ (Kapil 2011, p.6). In the study of Arnold (2008) reference is made to the liquidity risk, which is described as the condition in which the organization is not able to retrieve the cash necessary for covering its liabilities. Moreover, Singla (2007) notes that in the growth sta

Does history teach us lessons Give examples Essay

Does history teach us lessons Give examples - Essay Example We are often told, that history teaches us lessons, and that terrorism is the notion, towards which these historical lessons and knowledge are to be applied. Simultaneously, there is a widely-spread opinion, that looking back at our past we see that there were the possibilities to prevent famous dictators from coming to the power and causing irreversible effects. The past cannot be changed, but it can and should be learned; however, what we face at present is false interpretation of the historical events and the desire of the historians to represent certain historical events in the light which is better for their personal needs and strivings. In fact, any historian plays the role of the intermediary between the past and the present - his main aim is to make the public familiar with the events of the past based on the evidence he has at his disposal; what we see now is that many historians have gone too far, trying to become the people, who have the right to interpret this past, often distorting it. I would agree, that history gives us lessons to learn, but due to the general lack of understanding of the historical events, we often have to rely on what famous historians say; their opinions often appear to be contradictory and misleading. As far as we don't really tend to go deep into history for finding our own proofs for this or that historical assumption, we mostly believe in what we hear about the lessons from history, and how they should be used. 'Because history is a world of detailed, specific events, the idea of 'general laws' of history is self-contradictory. Of course, historical actors should be understood as obeying the general laws independently derived by other disciplines, such as the law of gravity or the law of diminishing marginal returns. But history itself can generate no such laws, since they would involve abstracting away all of the details of events, in other words, abstracting away the very subject matter of history.' (Durant & Durant 1997, p. 49) What I wanted to say by this quotation is that history in general cannot be reduced to some generalizations, as it is often done. If there are any real lessons we have to learn from the past, these lessons should be tied to specific events, and not to some general assertions. We can't say that wars are the most important lessons to learn not to make new wars happen - each war is different in its essence, and each should be considered separately, in order to learn the lessons and to apply them to the requirements of the modern time. There is often a confusion between the historical past and the practical past - historical past is merely a statement of the events which took place in the past, while practical past refers to the question of 'what do these past events mean to me right now' (Fink 2001, p. 236) This is about what we talk here, and about what we have to make a reasonable conclusion. I would agree that the skills of the professional historian would give him enough knowledge to judge the events of the past, but I can

Freedom of Speech and a Free Government Essay Example | Topics and Well Written Essays - 500 words

Freedom of Speech and a Free Government - Essay Example One of the areas that free speech is universally held as sacred is the freedom of religion or even the freedom from religion. (Matthew D. Bunker, 2001).One of the interesting facts of life is that the Supreme Court has never decided what free speech is. The court has allowed that free speech is associated with the search for truth. Even unpopular opinions are allowed the right of free speech. Freedom of speech is very important in the development of political stances that individuals might take.   Through freedom of speech various ideas can be developed and debated in order to establish a defensible position. It has been said that the right to express ourselves and the right of others to hear us contributes to the ordinary happiness of human beings, in general. With that being said, there are things not protected by freedom of speech. One cannot obstruct the recruiting or enlistment for people to serve in the military. Libelous talk or press and false advertising are also restricte d.   In general it is not permissible to wear gang colors to school or to wear anything that promotes hatred. Also not covered by free speech are personal threats of violence made against a government worker or an educator. The First Amendment of the American Constitution is perhaps one of the best known governmental documents of all time. The government as created by the representatives would be composed of three branches. The executive would be the leader of the entire union supported by a two house legislature.

Marketing Research Paper Example | Topics and Well Written Essays - 250 words - 3

Marketing - Research Paper Example But notably high withholding tax rate barriers imposed on distributions in excess of previously tax profit, that is $28 million in Uruguay (Gilson, p. 66-72). Interest ranging at $8.3 million in Brazil, at $15.3 million in Uruguay, $12 million in Chile and $11.6 in Peru; with specially reduced withholding tax rates on interest paid to financial institutions ranging at $4.4 million in Chile, $15.05 million in Uruguay, $5.9 million in Peru and at $19.7 million in Brazil The total gas sales in 2013 ranged at $ 263 million in Chile which accounts for 37% of the total sales in that year. Sales for lubricant oil was at $162 million, accounting for 16% of the sales. (Eicke, p. 16-25). In Peru, the company made gas sales worth $106 million, which accounts for 51% the sales it made in the three countries. The sales for lubricant oil were at $102 million, accounting for 24% of the sales (Jurich, p.

Critical apraisal Essay Example | Topics and Well Written Essays - 2000 words

Critical apraisal - Essay Example The article is pertinent as this particular segment of society faces lot of problems related to stress and depression resulting in health problems that adversely affects their work and employment scope. The article, ‘A randomized controlled trial of combined exercise and psycho-education for low-SES women: Short- and long-term outcomes in the reduction of stress and depressive symptoms’ by Waerden et al., is a study that was conducted on 161 Dutch low SES women with a moderately high stress level or depressive symptoms between September 2005 and May 2008. It helped evaluate the impact of interventions on their stress and depression. The group based program was divided into three categories: E or exercise only; EP or exercise with psycho education; and WLP or waiting list control condition where participants were randomly assigned. The study highlighted 8 weeks intervention with follow up after 2, 6 and 12 months respectively. It revealed that E and EP showed stress reduction in women with low education achievement. The findings are important as this group can be targeted for reducing stress and depressive symptoms. The study has a clear statement of goals and articulates its importance within the designated target group. The main objective of the research is to evaluate the ‘effects of multidisciplinary preventive intervention aimed at reducing stress and depressive symptoms among low-SES women’ (Waerden, et al. 85). The research is important because it addresses the gap of combining exercise with psycho social approaches for low SES women. It is highly relevant because low SES women often do not engage in preventive measures for stress or depression. Moreover, the studies so far have been accompanied by lot of questionnaires and feedbacks that required verbal skills and home assignments which have served as

Ethics and sustaibanbility Essay Example | Topics and Well Written Essays - 2250 words

Ethics and sustaibanbility - Essay Example Toyota got into a situation wherein disclosure could be damaging to both the company and to its customers. An ethical problem existed wherein a decision has to be made between what is bad and what is good. Toyota is also faced with a decision to act based on legality or efficiency of actions. The first steps in analyzing ethical issues are getting the facts to guide decisions and next are the appeal to values because the facts does not tell us what to do, but values directs us to moral issues of decisions. Documents showed that the Toyota knew of the problem with the sticky pedals in late September but did not issue a recall until late January. Why did they hide it from the public? Was it their intention to continue selling damaged vehicles and let buyers beware and face accidents? There is very little information on the internal events about the damage, who discovered it and other related details. What has been established is that Toyota knew of the damage as early as September of 2009 but made announcements only in late January in 2010. In five months time, there could have been accidents due to faulty breaks that could have been avoided. Individual groups who have important stake in the issue are customers of Toyota; the management and stockholders and the government. Some concerns that got Toyota into a mess, I believe, is the fear for outcome of decisions that would adversely affect Toyota’s operation. Those who will be affected by the first action are the Toyota customers who are facing dangers of accident due to faulty break system. Report said that there are about 2.3 million Toyota vehicles affected by the damage. In the second action, when Toyota announced to public the damage and recall of the cars, those affected are the stockholders and management. Confidence of customers on Toyota is threatened thereby there is a risk of decline of sales. Investors will also lose

Teaching in Content Area Essay Example | Topics and Well Written Essays - 500 words

Teaching in Content Area - Essay Example It is thought however that with the use of applicable techniques and appropriate tools suited for a middle school student, teaching history to a student could be interesting. A student who is in middle school has considerably short attention span and is not used to rigorous academic lectures. Coming from primary school, their minds are still with the basics and are not yet that familiar with abstract learning such as history. In addition to this consideration, it has to be factored in also that students today are more attuned to multi-media instructional materials where they can interact with the medium compared to the traditional lectures where they sit and lesson and read history. Such, traditional approach may be boring to a middle school student of this generation. Considering this, instructional videos will be used instead of lengthy lectures to keep the students interest. Computers can also an excellent method of learning where the students can interact with the medium in the process of learning. Role playing can also be an excellent method of making history interesting to students. Also, discussion is encouraged more than lectures. integrated social studies learning is an interdisciplinary approach where two or more disciplines are taught in conscious relation to one another" (Jacobs, 1989 pg. 7) under an interdisciplinary curriculum that espouses "a knowledge view and curriculum approach that consciously applies methodology and language from more than one discipline to examine a central theme, issue, problem, topic, or experience" (p. 8). Integrated approach to learning intends to facilitate more learning by combining the various disciplines to real life situations. This type of learning transcends to a more interconnected view of the universe [where] knowledge is seen as an abstract whole to be accessed through inquiry of themes, issues, experiences, and problems (Mathison and Freeman, 1997). This approach to