Dysfunctional Families in Today’s World Essay Example for Free

Dysfunctional Families in Today’s World Essay Children are supposed to grow up together with their parents. A family environment helps them not to feel depress(ed). They learn that their feelings and needs are important and can be expressed. Children growing up in such supportive environments are likely to form healthy, open relationships in adulthood. Family dysfunction can be any condition that interferes with healthy family functioning. In most families, there occurs some periods of time where functioning is impaired by stressful circumstances. These stressful events could be a death in the family or a parents serious illness, among others. But for healthy families, the moment the crisis is over, then normal functioning resumes. In dysfunctional families, however, problems tend to be chronic. The children then do not consistently get their needs. As a result, the negative patterns of parental behavior tend to be dominant in their childrens lives. Healthy families are not families who never argue or have disagreements. These families may have yelling, bickering, misunderstanding, tension, hurt, and anger but not all the time. In healthy families, emotional expression is allowed and accepted. Member of the family can freely ask for and give attention. Rules tend to be made explicit and remain consistent, but with some flexibility to adapt to individual needs and particular situations. Healthy families allow for individuality; each member is encouraged to pursue his or her own interests, and boundaries between individuals are honored. Children from healthy families are consistently treated with respect, and do not fear emotional, verbal, physical, or sexual abuse. Parents can be counted on to provide care for their children. Children are given responsibilities appropriate to their age and are not expected to take on parental responsibilities. Finally, in healthy families, everyone makes mistakes; and most importantly, mistakes are allowed. II. The rise of dysfunctional families and its impact in society There are many types of dysfunction in families. Some parents choose to under-function. They leave their children to fend for themselves. On the other hand there are some parents who over-function. These parents seem to never allow their children to grow up and be on their own. Others are inconsistent or violate basic boundaries of appropriate behavior. Below is a brief description of some types of parental dysfunction along with some common problems associated with each. Deficient Parents Deficient parents hurt their children more by omission than by commission. Frequently, it is because of a chronic mental illness or a disabling physical illness that contributes to parental inadequacy. Parental emotional needs tend to take precedence over the needs of the children. The children, on the other hand, are often asked to be their parents caretakers. Thus, children tend to take on the adult responsibilities at a young age in these families. They are robbed of their own childhood, and they learn to ignore their own needs and feelings. Because of this experience, where these children are simply unable to play an adult role and take care of their parents, they thenoften feel inadequate and guilty. These feelings continue into adulthood. Controlling Parents Unlike the deficient parents described above, controlling parents fail to allow their children to assume responsibilities appropriate for their age. Often, the controlling parents are driven by the fear of becoming unnecessary to their children. These parents then continue dominating and making decisions for their children, even if they are already well beyond the age at which this is necessary. This fear leaves them feeling betrayed and abandoned when their children become independent (Forward, 1989). On the other hand, these children of controlling parents frequently feel resentful, inadequate, and powerless. Transitions into adult roles are quite difficult, as these adults frequently have difficulties making decisions independent from their parents. When they act independently these adults feel very guilty, as if growing up were a serious act of disloyalty. Alcoholic Parents Alcoholic families tend to be chaotic and unpredictable. Rules that apply one day do not apply to another one or to the next instance that you happen to be part of. Promises are neither kept nor remembered. Expectations vary from one day to the next. Parents may be strict at times and indifferent at others. In addition, emotional expression is frequently forbidden and discussion about the alcohol use or related family problems is usually nonexistent. Family members are usually expected to keep problems a secret, thus preventing anyone from seeking help. All of these factors leave children feeling insecure, frustrated, and angry. Children often feel there must be something wrong with them and this is the reason that makes their parents behave this way. Mistrust of others, difficulty with emotional expression, and difficulties with intimate relationships carry over into adulthood. Children of alcoholics are at much higher risk for developing alcoholism than are children of non-alcoholics. Abusive Parents Abuse can be verbal, physical, or sexual. Verbal abuse such as frequent belittling criticism can have lasting effects, particularly when it comes from those entrusted with the childs care. Criticism can be aimed at the childs looks, intelligence, capabilities, or basic value. Some verbal abusers are very direct, while others use subtle put-downs disguised as humor. Both types are just as damaging. Definitions of physical abuse vary widely. Many parents, at one time or another, have felt the urge to strike their child. With physically abusive parents, however, the urge is frequent and little effort is made to control this impulse. Striking a child has much to do with meeting the parents emotional needs and nothing to do with concern for the child. Often, parents erroneously justify the abuse as a process of discipline that is intended to help the child. Physically abusive parents then create an environment of terror for the child. This is particularly worse since the violence is often random and unpredictable. Abused children often feel anger. Children of abusive parents have tremendous difficulties developing feelings of trust and safety even in their adult lives. While parents may justify or rationalize verbal or physical abuse as discipline aimed at somehow helping the child, there is no rationalization for sexual abuse. Sexual abuse is the most blatant example of an adult abusing a child purely for that adults own gratification. Sexual abuse can be any physical contact between an adult and child wherein that contact must be kept secret. The demonstrations of affection that occurred then such as hugging, kissing, or stroking a childs hair that can be done openly are quite acceptable and even beneficial. When physical contact is shrouded in secrecy then it is most likely inappropriate. Sexual abuse happens to both boys and girls. This act is perpetrated by both men and women. It cuts across lines of race, socioeconomic level, education level, and religious affiliation. In most cases, sexual abuse is part of an overall family pattern of dysfunction, disorganization, and inappropriate role boundaries. Responsibility for the sexual abuse in all cases rests entirely with the adult. No child is responsible for being abused. Most sexually abused children are too frightened and scared of the consequences for themselves and their families. In most cases, they do not risk telling another adult what is happening. As a result of this bottling-up, they grow into adulthood carrying feelings of self-loathing, shame, and worthlessness. They tend to be self-punishing and have considerable difficulties with relationships and with sexuality. When problems and circumstances such as parental alcoholism, mental illness, child abuse, or extreme parental rigidity and control interfere with family functioning, the effects on children can sometimes linger long after these children have grown up and left their problem families. Adults raised in dysfunctional families frequently report difficulties forming and maintaining intimate relationships, maintaining positive self-esteem, and trusting others; they fear a loss of control, and deny their feelings and reality (Vannicelli, 1989). There is a great deal of variability in how often dysfunctional interactions and behaviors occur in families, and in the kinds and the severity of their dysfunction. However, when patterns like the above are the norm rather than the exception, they systematically foster abuse and/or neglect. Abuse and neglect inhibit the development of childrens trust in the world, in others, and in themselves. Later as adults, these people may find it difficult to trust the behaviors and words of others, their own judgement and actions, or their own senses of selfworth. Not surprisingly, they may experience problems in their academic work, their relationships, and in their very identities. In common with other people, abused and neglected family members often struggle to interpret their families as normal. The more they have to accommodate to make the situation seem normal, the greater is their likelihood of misinterpreting themselves and developing negative self-concepts (e. g. , I had it coming; Im a rotten kid). III. The relationship between religion and dysfunctional families Dysfunctional family members have common symptoms and behavior patterns as a result of their common experiences within the family structure. This tends to reinforce the dysfunctional behavior, either through enabling or perpetuation. The dysfunctional family usually suffers from a variety of issues that may require the help of trained professionals. This is in addition to prayer and other spiritual disciplines. Some of those issues include: (1) Individual personality differences and personal issues; (2) Unresolved issues from the past; (3) Marital and family problems due to domestic violence and abuse, infidelity, and poor communication; (5) Financial problems and poverty; (6) Separation/divorce resulting in grief and loss and abandonment issues, depression, and sometimes a lack of financial support; (7) Mental and physical health problems; and (8) Spiritual disconnection. Any of the aforementioned problems can create high levels of distress, and failure to seek help can be lethal. Furthermore, when a major trauma strikes, families are rarely prepared to deal with it, and if they are unaccustomed to seeking outside help, family members may never recover emotionally. Many people stay away from connecting with God in a Christian community because they feel they are not good enough. Maybe they are overly critical of themselves, or maybe they know they have not lived the way God would want them to live. They may be afraid that Christians in church will judge them and reject them, and so they stay away. They say, God couldn’t really love someone like me. God must be angry with me. They could also be very adept at meeting the perceived expectations of others through self-denial. Denial, repression, splitting, and a false sense of self are often well-developed defense mechanisms. The black and white thinking expressed in such conflicting pairs of opposites as God vs. devil, church vs. world, sin vs. righteousness, leads to repression of anything that might possibly be construed as unacceptable. Constant self-monitoring and rigid self control, along with confession of every sin in prayer, are often considered the only means of avoiding divine condemnation. In the literalism characteristic of fundamentalism, an evil thought or feeling is regarded as just as sinful as an evil act. Impulses and feelings may be considered demonic in origin. In truth, religion can play a part in furthering the dysfunction of families. For one who has a dysfunctional family, its teachings of obedience, respect for authority and quiet compliance further enforce the debilitating situation. But when you dig deeper into what religion is, you will see clearly what God wants. Religious Institutions throughout history have used fear, control and manipulation to build kingdoms made by man. They have left many wounded or dead in the battlefield of Satans kingdom. Religion is a powerful tool of the enemy. An extreme example of this is The Taliban and Bin Laden. Religion teaches obedience to law. And Christ teaches grace. But the scripture has confined all under sin, that the promise by faith in Jesus Christ might be given to those who believe. But before faith came, we were kept under guard by the law, kept for the faith which would afterward be revealed. Galatians 3:22-23. Learning to trust wholeheartedly in God, and depend on Him to break free from whatever bondage, will bring emancipation from these bondages, and make an impact in our broken society. The church should be the one institution where the spirit of fear does not exist and coercion and manipulation are not practiced. IV. Healing dysfunctional families Two centuries ago there was relatively little dispute over the existence of God, or the societally beneficial effect of popular belief in a creator. In the twentieth century extensive secularization occurred in western nations, the United States being the only significant exception (Bishop; Bruce; Gill et al. ; Sommerville). Theists often assert that popular belief in a creator is instrumental towards providing the moral, ethical and other foundations necessary for a healthy, cohesive society. Many also contend that widespread acceptance of evolution, and/or denial of a creator, is contrary to these goals. As he helped initiate the American experiment Benjamin Franklin stated; â€Å"religion will be a powerful regulator of our actions, give us peace and tranquility within our minds, and render us benevolent, useful and beneficial to others† (Isaacson: 87-88). Changes in family life have transformed our society in the last thirty years. One of the biggest has been the virtual disappearance of the male-breadwinner lifestyle and the emerging dominance of the dual-earner couple. Working wives and mothers face questions about the effects of their choices on their childrens welfare and their own health under the strain of the second shift, while their husbands confrontand respond to in a variety of waysnew opportunities to construct a masculine identity not focused exclusively on breadwinning. Leaders in education, business, and government debate what policies should be in place to help people manage their work and family lives and who should bear the cost of work-family management. Changing patterns of family formation and disruption have also created widespread concern and vociferous policy debates. High divorce rates raise questions about the effects of divorce on childrens well-being and future success and how to make blended families work. The problems facing single-parent families have become a focus of policy makers, religious leaders, and the national media. Debates about homosexual unions have led to battles over gay and lesbian marriage in a number of states and many local controversies over what legal rights should be extended to homosexual partners. Delayed marriage and childbearing mean that more American households comprise single adults and childless couples, and remaining childless throughout life has become much more common, fueling concern among some about the decline of the family. All of these changes have led to an increasing pluralism in family life and a new consensus that there are many kinds of loving, caring families. Most people spend some portion of their adult lives outside of a nuclear family, forming and reforming family-like connections periodically over the course of their lives, causing many to rethink long-held assumptions about the necessity of marriage and parenting for adults happiness, security, and well-being. But this pluralism is intensely contested and debated for both moral and social philosophical reasons. Not everyone agrees about what constitutes the good family and what kinds of families are morally legitimate. Many people see the family as the bellwether of our society and find the rapid and numerous changes in family life over the last few decades to be troubling. Some even argue that a devaluing of family life, and especially of lifelong, heterosexual marriage, inevitably leads to a decline of the nation. These debates also focus on questions of resources and inequality. Who has access to the rights that marriage confers? Why does divorce lead to a reduction in women and childrens standard of living, and what can be done to change that? Making Changes Changes in family life have been a central concern for religious leaders, activists, and local communities of faith. Throughout American history, religion and family have been intertwined and interdependent institutions. Congregations, parishes, and synagogues have provided an important context for families to spend time together and have shaped the religious education and moral development of children and youths. Sociologists have long noted that marriage and parenthood make religion more important to people and increase their participation in local congregations. Sometimes, children who come from dysfunctional families continue in their roles because they are waiting for their parents to give their permission; to change. Like most people, parents in dysfunctional families often feel threatened by changes in their children. As a result, they may thwart efforts to change and insist that the children change back. Some specific changes one can do are: (1) Identify painful or difficult experiences that happened during your childhood; (2) Make a list of your behaviors, beliefs, etc. that you would like to change; (3) Next to each item on the list, write down the behavior, belief, etc. that you would like to do/have instead; (4) Pick one item on your list and begin practicing the alternate behavior or belief. Choose the easiest item first; (5) Once you are able to do the alternate behavior more often than the original, pick another item on the list and practice changing it, too; (6) Believe in God’s grace that he will heal all the painful experiences in your list (in no. 1) and pray His love will help you change all the behaviors listed and free you from bondage. References: Bishop, George. (1999). â€Å"What Americans Really Believe, and Why Faith Isnt as Universal as They Think. † Free Inquiry 19(3): 38-42 Bruce, Steve. (2001). â€Å"Christianity in Britain, R. I. P. † Sociology of Religion 61: 191-203. Forward, S. (1989). Toxic parents: Overcoming their hurtful legacy and reclaiming your life. New York: Bantam Books. Gill, R, C. Hadaway and P. Marler 1998 â€Å"Is Religious Belief Declining in Britain? Journal for the Scientific Study of Religion 37: 507-16 Isaacson, Walter. (2003) Benjamin Franklin: An American Life. New York, Simon Schuster. Meeting the Needs of Dysfunctional Families Catechist, January, (1993) Sommerville, C. (2002) â€Å"Stark’s Age of Faith Argument and the Secularization of Things: A. Commentary. † Sociology of Religion 63: 361-72 Vannicelli, M. (1989). Group psychotherapy with adult children of alcoholics: treatment techniques and countertransference. New York: Guilford Press.

The Case Of Ryanair In Airlines Commerce Essay

The Case Of Ryanair In Airlines Commerce Essay This case is about Ryanair which is the first budget airline in the Europe headed by Michael OLeary who was the CEO of Ryanair. The case further explains how Ryanair the most profitable airline faced various challenges during the time period of 2004 to 2007 including the backdrop of the European airline industry. Main objectives of this assignment are to provide recommendations to senior management team of Ryanair with strategic choices and recommend new strategic initiatives and areas for improving strategy implementation. In order to accomplish those objectives a strategic analysis of environment, industry as well as the internal performances of Ryanair will be conducted. 3.1 About Ryanair Ryanair was founded by Ryan family in 1985. It has changed from a fully service conventional airline to the budget airline segment with the great turbulence they had faced in 1990. Now it has become the worlds most profitable airline. Ryanairs mission statement Ryanair will become Europeà ¢Ã¢â€š ¬Ã‚ ²s most profitable lowest cost airline by rolling out our proven `low-fare-no-frillsà ¢Ã¢â€š ¬Ã‚ ² service in all markets in which we operate, to the benefit of our passengers, people, and shareholders (Mayer, 2007) It is possible to identify Ryanairs current business scope from that statement. (Thompson Strickland, 2003) They are the Europes most profitable low cost airline who provides low cost no frill services to their customers who are according to (Mayer, 2007) within Europe and price-sensitive with a lower income level or other preferences and less willing to pay for the add-on services onboard. According to (Strategy, n.d) Ryanairs main objective is to firmly establish itself as Europes leading low-fares scheduled passenger airline through continued improvements and expanded offerings of its low fares service. Their other objectives includes providing best customer service, providing point to point short haul routes to secondary airports around major population destinations and travel destinations at the lowest possible cost by lowering the operating costs. According to the case they have some future growth plans also. Critical Issues It is possible to identify many critical issues when analysing the case. Among them main issues would be high customer dissatisfaction and poor labour relations. Other issues may include failure to acquire their Irish rival Aer Lingus, announcement of its CEO Michael OLeary to leave the organisation. Models and Theories Used To analyse the macro-environment of European aviation industry, PESTEL analysis, Porters Diamond model and strategy drivers of globalisation will be used. European aviation industry and especially the low cost airline industry will be analysed using Porters Five Forces model and Strategic Grouping method. After analysing external environment, internal analysis of Ryanair will be conducted using VRIO model and Porters Value Chain analysis. Finally a SWOT analysis will be done to review the findings. External Environment Analysis Organizations do not operate in a vacuum. It is been affected and affects the environments in which it operates and so the strategy of an organization. In a highly competitive market it is necessary to analyse the environment an organization operates and assess the impact to its strategy. Finally this analysis would lead to identify opportunities and threats that are facing by the organisation. When analysing the external environment it can be divided into 2 parts, macro-environment and industry environment. Macro-Environment According to (Thompson Strickland, 2003) macro-environment consists of all relevant forces outside an organisation and those factors are far beyond the control of the organisation. Since they have a big impact on an organisations strategy, analysis is very important. 6.1.1 PESTEL Macro-environment can be analysed using the PESTEL analysis. It helps to identify each factor of macro-environment and its effects on the industry in which an organisation operates. This includes the following components (PESTEL analysis of the macro-environment, 2007); P Political This analyses how political decisions, government policies, etc affects businesses. E Economic This considers economic factors like interest rates, taxation, and economic growth. S Social This analyses how changes in social life styles affects demands and businesses T Technological Technology is changing and improving faster. It affects businesses in many ways. New technology can be used to improve product quality and reduce costs. Also new technology creates new products and markets. E Environmental This considers the environmental factors like climate changes, and impact of industrial outputs on the environment L Legal This relates to the legal environment in an organisation operates. Detailed analysis of the PESTEL analysis for Ryanairs external macro-environment and key drivers for changes including environment created opportunities and threats is included under Appendix 1 6.1.2 Globalisation Drivers of Strategy A detailed analysis of how globalisation created opportunities and forced aviation industry to go international especially in Europes context is conducted under Appendix 2. (Jatuliaviciene Kuanskiene, 2006) 6.1.3 Porters Diamond This model has been developed by Michael Porter to understand the competitive position or advantages that certain nations or geographic regions posses in global competition. According to this model certain nations possess competitive advantages over other nations as an outcome of the combination of interlinked advanced activities or factors between related companies in a geographic location. As this model explains governments play an important role in possessing competitive advantage through proactive actions. (Diamond model Michael Porter, 2010) (Diamond model Michael Porter, 2010) According to (Diamond model Michael Porter, 2010) Porter has identified factors for competitive advantages for regions or countries as follows. 1. Firm Strategy, Structure and Rivalry 2. Demand Conditions 3. Related Support Industries 4. Factor Conditions A detailed analysis of how Europe possessed competitive advantage for aviation industry as a region and how it created opportunities for Ryanair is analysed under Appendix 3. Industry Environment Traditionally after conducting a macro-environmental analysis industry analysis is conducted to analyse the level of competition a business likely to face. (The Industry Environment Analysis, n.d) According to (Pearce Robinson, 2005) the level of competition within an industry is depends upon 5 factors. Profitability of an industry is determined by the collective strength of those forces. Those can be analysed using the Porters Five Forces model. Porters Five Forces (The Industry Environment Analysis, n.d) According to Porter competitive forces are as follows; The threat of entry of new competitors. The seriousness of the threat of entrance of new competitors depends on the barriers presents in a particular industry. If barriers of entry are high and the new comer expects high reactions from existing firms, new firm will think twice before entering. Some barriers to entry are as follows; economies of scale, product differentiation, capital requirement. (Pearce Robinson, 2005) The bargaining power of buyers. When buyers have more power than sellers they can force down the price and thereby affecting the profitability of an industry. (Aaker, 2005) The bargaining power of suppliers. In situations like when suppliers sell for too many customers and when the supplier switching cost is high from the buyers perspective the bargaining power of suppliers can be high.(Aaker, 2005) The threat of substitutes. Firms from different industries can have close competition if their products substitute each other. According to (Thompson Strickland, 2003) competitive pressure from substitute products depends on factors like price of substitutes are attractive, whether substitutes provide satisfactory performance, etc. The Rivalry among competitors in the industry. According to (Aaker, 2005) intense of competition from existing competitors depends on factors like, the number of competitors, their size, similarity of their product offerings and strategies, high fixed costs of businesses and existence of high exit barriers. A detailed analysis of Porters Five Forces model and how each force impact the profitability of the Ryanairs industry which is low cost airline industry is conducted under appendix 4. 6.2.2 Industry Life Cycle Analysis Life cycle stage strongly affects the industry growth rate (Thompson Strickland, 2003). Organisations will have to change their strategy when they move from different stages of life cycle. Analysis of Europes aviation industry is included in Appendix 5. 6.2.3 Strategic Grouping According to (Thompson Strickland, 2003) a strategic group consists of those rival firms with similar competitive techniques and positions in the market. Using strategic group concept can help analysis of competitors in an industry. Reducing the number of competitors into manageable groups certainly make it easier the analysis than analysing large number of competitors (Aaker, 2005). Appendix 6 contains a strategic groping map for the aviation industry in Europe. 6.2.4 Key Success Factors Analysis According to (Thompson Strickland, 2003) KSF are prerequisites to success in a particular industry. They can include particular strategy element, product attribute, resources, competencies, competitive capabilities. KSF can be identified from the industry analysis. A detailed analysis of KSFs of budget air line industry in Europe is provided under Appendix 7. 6.3 EFAS (External Factors Analysis Summery) According to (Fletcher, 2003) after finding main external factors that can affect a business by conducting external environmental analysis EFAS table will be used to organize those factors into opportunities and threats and measure the perceived importance of particular factors. Ryanairs EFAS is attached in Appendix 8. Internal Environment Analysis An internal analysis is a must to identify organisational strengths and weaknesses which are essential in strategy formulation. (Pearce Robinson, 2005) Understanding business in depth is the goal of an internal analysis. This analysis would have more emphasis on the analysis of performances. (Aaker, 2005) Internal analysis can begins with analysis of financial performances. Financial Performances According to (Pearce Robinson, 2005) there are four basic groups of financial ratios. Those include liquidity ratio, leverage ratio, activity ratio and profitability ratio. Liquidity Ratios these ratios are used to measure whether organization is in a good position to meet its short term obligations. Leverage Ratios this ratio is used to identify the firms source of capital either owners or outside creditors. According to (Pearce Robinson, 2005) the most used leverage ratio is total debt divided by total assets. Total debt includes current liabilities and long term liabilities. Activity Ratios these are to be used to analyse whether an organisation utilizes its resources effectively or not. According to (Pearce Robinson, 2005) it is possible to establish an organisations efficiency of its operations by comparing revenues with the resources used to generate them. Profitability Ratios According to (Pearce Robinson, 2005) profitability is the final result of larger number of strategies and decisions made by an organisations management. The profit margin is calculated by the widely used ratio of return on sales (ROS). And other useful ratio is ROI (return on investment). Financial analysis of Ryanair is attached under Appendix 9. Resources and Capabilities analysis The difference between resources and capabilities is defined by (Gallagher, 2004) as resources, what companies have, versus capabilities, things companies can do. Resources and capabilities can take many forms they range from tangibles to intangibles, examples may include plant and equipments, financial resources, technology a company posses, brand and reputation and even expertise an organization posses. (Gallagher, 2004) According to (Fletcher, 2003) tangible resources can be listed in the balance sheet and they become rarely competitive advantages because of their nature and intangible resources can often play big role in competitive advantage creation. In there the organisational capabilities are defined as complex combinations of both tangible and intangible resources. According to (Thompson Strickland, 2003) a companys competencies become a meaningful competitive capability customers value them as valuable and beneficial. Core competencies are resources and capabilities that serve as a source of competitive advantage over rivals. (Internal Analysis Competencies, 2009) Ryanairs resources and capabilities analysis is included in Appendix 10. VRIO analysis and Competitive Advantages This model says that in order core competencies and resources to become sustainable competitive advantages for an organisation, they should have characteristics as follows (Gallagher, 2004); Valuable A resource will become valuable if it can help the organisation to face threat or capitalize on an opportunity. Most importantly those should be valued by customers. Rare If resources are scarce or they are not available to an organisations competitors they become rare resources. Inimitable This means that resources cannot be easily imitated or substituted. Usually intangible resources or capabilities like a good brand image cannot easily be imitated. Organized There is no use from a valuable resource if it is not well utilized by the organisation. Therefore it should be very well organized to be utilized. A complete analysis of Ryanairs resources and competencies using the VRIO model to identify Ryanairs competitive advantages is included under Appendix 11. Value Chain Analysis Value chain proposed by Michael Porter analyses systematically the series of activities an organisation performs to provide products or services to customers (Pearce Robinson, 2005). A firm can achieve competitive advantage over their competitors by performing these strategically important activities better than competitors. According to (Gallagher, 2004) many processes that are identified in value chain analysis can be a potential source of VRIO resources. (Morrison, 2007) Major categories of activities are grouped in to primary activities and support activities. Primary activities help directly the physical creation of products where support activities provide inputs or infrastructure to help primary activities to take on ongoing basis. Primary activities that are identified by this model are as follows (Pearce Robinson, 2005); Inbound logistics activities that are associated with receiving, storing inputs to production Operations activities related to transforming inputs into products Outbound Logistics activities that are related to distributing products towards customers Marketing/Sales activities associated with informing customers to encourage the purchasing Service Activities that undertake once products are sold to customers to enhance or maintain the value of products. Support activities that are identified by this model are as follows (Pearce Robinson, 2005); Procurement activities that are done within the firm to provide inputs across entire value chain Technology development activities that are done to improve the product as well as the way each activity is performed Human resource management activities conducted in order to ensure the availability of human resources to each primary activity. Infrastructure activities like accounting, management that are essential to perform all activities in the value chain. Value chain analysis of Ryanair is included in Appendix 12. IFAS (Internal Factor Analysis Summary) According to (Fletcher, 2003) after finding main internal factors that can affect the current and future competitiveness by conducting internal analysis of an organisation, IFAS table will be used to organize those factors into strengths and weaknesses and measure the perceived importance of particular factors. IFAS of Ryanair is included in Appendix 13. SWOT Analysis According to the findings of external and internal environment analysis SWOT analysis would be as follows. Strengths Strong brand image (as the first budget operator and number one in the budget industry) Web site (enabled them to on line bookings, promotions) Financial strength Low cost strategy Advantages of economies of scale and experience curve Innovative promotional techniques used at a lower cost Same fleet of airplanes New more efficient airplanes Weaknesses Customer dissatisfaction Poor quality of services Poor employee relations Decrease in employee morale Some secondary airports are too far from city centres Opportunities Budget airline market is growing Revenue generation from ancillary services Web site can be turn into a revenue generator Can apply low cost no frill into long haul Spread their business to more countries Increase customer base Acquisition of Aer Lingus is a growth opportunity Threats Security issues like terrorism Rapid increase in oil price and unpredictable fluctuations Intense rivalry among competitors Changes in customer demographics Pressure from environmental protection groups Costly new EU regulations Conclusion Ryanair as the most profitable airline in the world and the number one budget sector airline in the Europe is not without facing any challenges as it is the nature of the highly competitive modern business world. It was possible to identify many critical issues that were facing by Ryanair like high customer dissatisfaction and poor labour relations and many other threats which are externally created when analysing the case. Macro-environment, industry and internal analyses were conducted to analyse the current situation of Ryanair. From the external environment analysis it was possible to identify many opportunities that were created by the environment like growth in the budget airline industry in Europe and opportunities created by internet, etc. Also they were facing many threats like new EU regulation, environmental concerns, fluctuating oil prices and terrorism threats. Further from the internal environment analysis it was possible to identify number of strengths that are possessed by Ryanair like strong brand image, their financial strengths, efficient operations, etc and their weaknesses like customer dissatisfaction, poor employee relations, etc. In the analysis it was found that there is a huge growth potential in Europe and they could successfully win over the competition if they utilize their strengths like brand image and financial strength to beat competition and if they can minimize weaknesses like customer dissatisfaction there will be no chance to competitors like easyJet to outperform Ryanair. Therefore it can be said that the management of Ryanair needs to consider adjusting their existing strategies or if required formulate new strategies to capitalize on the opportunities using their strengths and more importantly to minimize the weaknesses and face externally created threats using their available strengths and opportunities.

Morality of Premarital Sex by Religiosity and Generation Essay

Morality of Premarital Sex by Religiosity and Generation Abstract Premarital sex is an issue that most teenagers and young couples face as they enter new phases of their relationship. The purpose of this study is to determine if there is a correlation between acceptance of sexual relations before marriage and religiosity or generation. This study is a cross-sectional, secondary analysis of the variables PREMARSX, RELPERSN, and COHORT (which was recoded into three generation categories), which were extracted from the 1998 General Social Survey (GSS). Data analysis of the three variables was performed using the Statistical Package for the Social Sciences (SPSS) 10.0, applying Pearson's chi-square as the test of statistical significance and Cramer's V as the measure of association. The results of this study indicate that very religious people are more inclined to view premarital sexual relations as always wrong. When compared to the three generation categories, no significant correlation existed. Introduction Most couples have asked themselves whether or not sex is the next step in their relationship. It enters into both teenage and adult relationships, creating pressure for teenagers to be considered cool by peers and pressure for adults to make a commitment. For some, sex is the basis of the relationship; for others, it is not even an issue until marriage vows are proclaimed. One may conclude that people's views of premarital relations stem from their parents' teachings, from their siblings' influences, from their peer or social groups, from their religious background, or from the era in which they were raised. (â€Å"Teenage Sex, Friends and Family,† 1994, p51) As sexually... ...-------------------------------------------------------------------------- Not Wrong At All 51.69 45.20 42.62 47.48 52.17 --------------------------------------------------------------------------------------- n= 89 427 61 139 69 --------------------------------------------------------------------------------------- Chi-Square = 12.30, df = 12, p>.05; Cramer's V = .077 --------------------------------------------------------------------------------------- We can observe from the table above that there is no relationship between PREMARSX and DEGREE. The chi-square value is 12.30 and is not significant at the .05 level. The Cramer's V indicates that there is a negligible association between the variables with a value of .077.

Free Essays - Notes on The Great Gatsby :: Great Gatsby Essays

Notes on The Great Gatsby Chapter 1 Characters Introduced: * Nick Carraway - A wealthy mid-westerner in his mid-twenties who fought in world war one, currently working in New York city and living next door to Mr.Gastby. * Daisy - Nick's second cousin is very cynical and bored with the rich life, married to Tom Buchanan. * Tom Buchanan - Nick's friend from Yale, very wealthy and successful, and very pretentious. * Jordan Baker - A golfer who spends time with the Buchanan's, also very snooty. Literary Period: * "I participated in that delayed Teutonic migration known as the Great War"(7) - World War One is spoken of as the great war * "Just as things grow in fast movies"(8) - Stop motion movies were a novelty at that time. * Everybody invests or talks about stocks. Style: * Complex wording and sentence structure: "But I didn't call to him for he gave a sudden intimation that he was content to be alone - he stretched out his arms toward the dark water in a curious way, and far as I was from him I could have sworn he was trembling."(25) Characterization: * "It's all scientific stuff; it's been proved."(17) - Tom claims to very educated, but he speaks incorrectly, saying "proved" instead of "proven" * "Something was making him nibble at the edge of stale ideas as if his sturdy physical egotism no longer nourished his peremptory heart." - Sums up Tom's attitude; he wants to be better than someone, so he finds snooty books with illogical ideas to back up his racist feeling of superiority. Literary Devices: * "secrets that only Midas and Morgan and Maecenas knew"(8) - allusion to King Midas and other fables. * "their dresses were rippling and fluttering as if they had just been blown back in after a short flight around the house."(12) - simile. * "on which two young women were buoyed up as though upon an anchored balloon"(12) - simile * "as if each speech is in arrangement of notes that will never be played again."(13) - simile. Summary: The author, Nick Carraway moves to the New York area to become a bond man. He spends the afternoon with his second cousin, Daisy, and her husband Tom Buchanan, who are very wealthy, and the evening is filled with a lot of talk about nothing, except that Tom has a mistress somewhere.

Baseball and Females :: Sports Expository Essays

Baseball and Females The legendary game of baseball, the roar of the crowd, the crack of the bat, the hot dogs and peanuts, and most of all the excitement. America's pastime has had a long history filled with great moments, heroic players, and breakthroughs in our modern society. It all started in 1869 when the first professional baseball team, the Cincinnati Red Stockings took the field. They were all male and would eventually be known as the first boys of summer. The first professional girls team was created six years later which in turn grew into more women's teams, but was overshadowed by the growing men's leagues and they eventually dwindled and faded away. The women knew they could play and compete at a level as high or higher than their counterparts and throughout the 20th century proved this by developing successful women's leagues and teams. These were strong determined women who believed in themselves and proved to the world that they were the girls of summer. In 1870's women could not vote or own property, but they could play baseball. In 1875 the first professional girls baseball team was created. They wore uniforms that weighed almost thirty pounds, consisting of floor length skirts, underskirts, a long-sleeved high-necked blouse, and high button shoes. In the 1890's Amelia Bloomer developed a more practical uniform and in her honor the "Bloomer Girls" teams were created. The Bloomer Girls teams rarely played each other, but traveled across America challenging local town, semi-pro, and minor league men's teams. The Bloomer Girls won on frequent occasions, playing competitive ball. These teams gave women an excellent opportunity for employment, travel and adventure for anyone who could hit, field, slide, or catch. The Bloomer girls would eventually dwindle and disappear in 1934, and be replaced by professional softball teams. It was a less competitive game with shorter base paths, a bigger ball, no stealing, and underhand pitching. In 1943 a man by the name of Phillip Wrigley received word from President Roosevelt that the Major League Baseball season would be suspended due to the manpower shortage caused by World War II. Phillip Wrigley wanted to keep baseball going through the wartime, and joined forces with several small town entrepreneurs and created the first official baseball league for women called the All American Girls Baseball League (AAGBL). Thirty scouts were hired to start looking for the best softball players all over the United States. Baseball and Females :: Sports Expository Essays Baseball and Females The legendary game of baseball, the roar of the crowd, the crack of the bat, the hot dogs and peanuts, and most of all the excitement. America's pastime has had a long history filled with great moments, heroic players, and breakthroughs in our modern society. It all started in 1869 when the first professional baseball team, the Cincinnati Red Stockings took the field. They were all male and would eventually be known as the first boys of summer. The first professional girls team was created six years later which in turn grew into more women's teams, but was overshadowed by the growing men's leagues and they eventually dwindled and faded away. The women knew they could play and compete at a level as high or higher than their counterparts and throughout the 20th century proved this by developing successful women's leagues and teams. These were strong determined women who believed in themselves and proved to the world that they were the girls of summer. In 1870's women could not vote or own property, but they could play baseball. In 1875 the first professional girls baseball team was created. They wore uniforms that weighed almost thirty pounds, consisting of floor length skirts, underskirts, a long-sleeved high-necked blouse, and high button shoes. In the 1890's Amelia Bloomer developed a more practical uniform and in her honor the "Bloomer Girls" teams were created. The Bloomer Girls teams rarely played each other, but traveled across America challenging local town, semi-pro, and minor league men's teams. The Bloomer Girls won on frequent occasions, playing competitive ball. These teams gave women an excellent opportunity for employment, travel and adventure for anyone who could hit, field, slide, or catch. The Bloomer girls would eventually dwindle and disappear in 1934, and be replaced by professional softball teams. It was a less competitive game with shorter base paths, a bigger ball, no stealing, and underhand pitching. In 1943 a man by the name of Phillip Wrigley received word from President Roosevelt that the Major League Baseball season would be suspended due to the manpower shortage caused by World War II. Phillip Wrigley wanted to keep baseball going through the wartime, and joined forces with several small town entrepreneurs and created the first official baseball league for women called the All American Girls Baseball League (AAGBL). Thirty scouts were hired to start looking for the best softball players all over the United States.

Homosexuality and God Essay

LGBT is an initialism that collectively refers to the lesbian, gay, bisexual, and transgender community. In use since the 1990s, the term LGBT is an adaptation of the initialism â€Å"LGB†, which itself started replacing the phrase gay community beginning in the mid-to-late 1980s, which many within the community in question felt did not accurately represent all those to whom it referred. The initialism has become mainstream as a self-designation and has been adopted by the majority â€Å"sexuality and gender identity-based† community centers and media in the United States and some other English-speaking countries. The term LGBT is intended to emphasize a diversity of â€Å"sexuality and gender identity-based cultures† and is sometimes used to refer to anyone who is non-heterosexual or cisgender instead of exclusively to people who are homosexual, bisexual, or transgender. To recognize this inclusion, a popular variant adds the letter Q for those who identify as queer and/or are questioning their sexual identity as â€Å"LGBTQ†, recorded since 1996. In Malaysia, LGBT rights are partially recognized. LGBT individuals encompass all races and ethnicities, religions, and social classes. Sexual orientation and gender identity questions are not asked on most national or State surveys, making it difficult to estimate the number of LGBT individuals and their health needs. Research suggests that LGBT individuals face health disparities linked to societal stigma, discrimination, and denial of their civil and human rights. Discrimination against LGBT persons has been associated with high rates of psychiatric disorders, substance abuse, and suicide. Experiences of violence and victimization are frequent for LGBT individuals, and have long-lasting effects on the individual and the community. Personal, family, and social acceptance of sexual orientation and gender identity affects the mental health and personal safety of LGBT individuals. It is important to recognize the difference between sexual orientation and sexual behavior as well as the differences among sexual orientation, gender identity, and gender role. Sexual orientation is the affectional or loving attraction to another person. It can be considered as ranging along a continuum from same-sex attraction only at one end of the continuum to pposite-sex attraction only at the other end. Heterosexuality is the attraction to persons of the opposite sex; homosexuality, to persons of the same sex; and bisexuality, to both sexes. Sexual orientation can be seen as part of a continuum ranging from same-sex attraction only (at one end of the continuum) to opposite-sex attraction only (at the other end of the continuum). Sexual behavior, or sexual activity, differs from sexual orientation and alone does not define someone as an LGBT individual. Any person may be capable of sexual behavior with a person of the same or opposite sex, but an individual knows his or her longings—erotic and affectional—and which sex is more likely to satisfy those needs. It is necessary to draw a distinction between sexual orientation and sexual behavior. Not every person with a homosexual or bisexual orientation is sexually active. A person’s sexual orientation does not tell us if she/he is sexually active or does it define her /his specific sexual behaviors. Similarly, sexual behavior alone does not define orientation. A personal awareness of having a sexual orientation that is not exclusively heterosexual is one way a person identifies herself or himself as an LGBT person. Or a person may have a sexual identity that differs from his or her biological sex—that is, a person may have been born a male but identifies and feels more comfortable as a female. Sexual orientation and gender identity are two independent variables in an individual’s definition of himself or herself. Sexual identity is the personal and unique way that a person perceives his or her own sexual desires and sexual expressions. Biological sex is the biological distinction between men and women. Gender is the concept of maleness and masculinity or femaleness and femininity. One’s gender identity is the sense of one’s self as male or female and does not refer to one’s sexual orientation or gender role. Sex refers to the biological characteristics of a person at birth, while gender relates to his or her perception of being male or female and is known as the gender role. Gender role refers to the behaviors and desires to act in certain ways that are viewed as masculine or feminine by a particular culture. A culture usually labels behaviors as masculine or feminine, but these behaviors are not necessarily a direct component of gender or gender identity. It is common in our culture to call the behaviors, styles, or interests shown by males that are usually associated with women â€Å"effeminate† and to call the boys who behave this way â€Å"sissies. Women or girls who have interests usually associated with men are labeled â€Å"masculine† or â€Å"butch,† and the girls are often called â€Å"tomboys. † Transsexuals are people with the biological characteristics of one sex who identify themselves as the opposite gender and have had some type of surgical alteration and/or hormone treatments that changes their bodies’ appearance in alignment with their identity. While understanding the various concepts used in sexual orientation in general, it is very imperative to define in specific details definition of LGBT (Lesbian, Gay, Bisexual and Transgender) accordingly. Lesbian which is originally a Greek word, is a term most widely used in the English language to describe sexual and romantic desire between females. The word may be used as a noun, to refer to women who identify themselves or who are characterized by others as having the primary attribute of female homosexuality, or as an adjective, to describe characteristics of an object or activity related to female same-sex desire. Lesbian as a concept, used to differentiate women with a shared sexual orientation, is a 20th-century construct. Gay is a romantic or sexual attraction or behavior toward/between males. Gay is a word (a noun or an adjective) that primarily refers to a homosexual person. The word â€Å"gay† arrived in English during the 12th century from Old French gai, most likely deriving ultimately from a Germanic source. The term was originally used to refer to feelings of being â€Å"carefree†, â€Å"happy†, or â€Å"bright and showy†; it had also come to acquire some connotations of â€Å"immorality† as early as 1637. The term’s use as a reference to homosexuality may date as early as the late 19th century, but its use gradually increased in the 20th century. In modern English, gay has come to be used as an adjective, and as a noun, referring to the people, especially to men, and the practices and cultures associated with homosexuality. By the end of the 20th century, the word gay was recommended by major LGBT groups and style guides to describe people attracted to members of the same sex. Bisexuality is romantic or sexual attraction or behavior toward males and females. The term is especially used in the context of human sexual attraction to denote romantic or sexual feelings toward men and women. It is one of the three main classifications of sexual orientation, along with a heterosexual and a homosexual orientation, all a part of the heterosexual–homosexual continuum. People who have a distinct but not exclusive sexual preference for one sex over the other may identify themselves as bisexual. Transgender is a general term applied to a variety of individuals, behaviors, and groups involving tendencies to vary from culturally conventional gender roles. Transgender is the state of one’s â€Å"gender identity (self-identification as woman, man, neither or both) not matching ones â€Å"assigned sex† (identification by others as male, female or intersex based on physical/genetic sex). †Transgender† does not imply any specific form of sexual orientation; transgender people may identify as heterosexual, homosexual, bisexual, pansexual, polysexual, or asexual; some may consider conventional sexual orientation labels inadequate or inapplicable to them. The precise definition for transgender remains in flux, but includes: â€Å"Of, relating to, or designating a person whose identity does not conform unambiguously to conventional notions of male or female gender roles, but combines or moves between these. † â€Å"People who were assigned a sex, usually at birth and based on their genitals, but who feel that this is a false or incomplete description of themselves. † â€Å"Non-identification with, or non-presentation as, the sex (and assumed gender) one was assigned at birth. A transgender individual may have characteristics that are normally associated with a particular gender, identify elsewhere on the traditional gender continuum, or exist outside of it as â€Å"other†, â€Å"agender†, â€Å"Genderqueer†, or â€Å"third gender†. Sexuality and gender have different impacts in each culture’s laws, attitudes, and organizations. More secular and â€Å"modernized† societies often h ave more favorable treatment of LGBT individuals than societies which value tradition and religious piety. However, accurate generalizations are difficult to make; even within Malaysia, attitudes towards LGBT individuals vary from person to person. Cultural differences in LGBT issues have wide-ranging effects. Other cultures may have different ways of expressing affection—for example, in India, it is common for same-sex friends to hold hands without any assumption of a romantic connection—or of categorizing gender and sexuality—for example, in parts of Latin America, a man is not considered gay if he engages in same-sex intercourse as the insertive artner. Thus, American English terms and conceptualizations of LGBT issues may not directly translate. The visibility of LGBT individuals and organizations varies by culture. Some cultures have an underground LGBT scene where LGBT individuals are tolerated as long as they remain mainly closeted, whereas other cultures may have a more open and organized community of LGBT individuals. In addition, some cultures may provide legal protection for LGBT individuals and recognize their partnerships, while other cultures may criminalize same-sex intercourse. Globally in some country; For example in Malaysia, Cross-dressing(Gender identity/expression) is not technically a crime. However, transgender individuals have often been arrested by police officers under the civil laws governing â€Å"public indecency†, and if they are Muslim, can be further charged by religious officers under Sharia Laws for â€Å"impersonating† women. For example, in 1998, Forty-five Muslim transvestites were charged and convicted in court for dressing as women, and twenty-three more transgender persons faced similar fines and imprisonment in 1999. Finally, there may be major differences within the LGBT community in a specific culture; for example, in parts of southeastern Asia it is considered culturally acceptable for a man to have sex with a feminine transgendered man, while there are no such provisions for women having sex with transgendered women. Homosexuality: The Christian Perspective (LESBIAN, GAY & Bisexuality) In a world of moral confusion and ethical compromise, the principles for which the Holy Bible stands, is directing the Christians in the right path to God and the way of life. The Christian point of view is based solely upon the Bible, the divinely inspired Word of God. A truly Christian standard of ethics is the conduct of divine revelation, not of statistical research or of public opinion. For the Christian, the Bible is the final authority for both belief and behaviour. The Explicitly the Bible teach about homosexuality can be considered as basic because, if we accept God’s Word on the subject of homosexuality, we benefit from His adequate answer to this problem as seen in Christianity. This project is concerned only with the Christian or biblical view of homosexuality. The Bible has much to say about sex sins in general for a view in Homosexuality in Christian perspective. First, there is adultery. Adultery in the natural sense is sexual intercourse of a married person with someone other than his or her own spouse. It is condemned in both the Old and New Testaments (Exodus 20:14; I Cor. 6:9, 10). Christ forbids dwelling upon the thoughts, the free play of one’s imagination that leads to adultery (Matthew 5:28). Second, there is fornication, the illicit sex acts of unmarried persons which is likewise forbidden (I Corinthians 5:1; 6:13, 18; Ephesians 5:3). Then there is homosexuality which likewise is condemned in Scripture. The Apostle Paul, writing by inspiration of the Holy Spirit, declares that homosexuality â€Å"shall not inherit the kingdom of God† (I Corinthians 6:9; 10). Now Paul does not single out the homosexual as a special offender. He includes fornicators, idolators, adulterers, thieves, covetous persons, drunkards, revilers and extortioners. And then he adds the comment that some of the Christians at Corinth had been delivered from these very practices: â€Å"And such were some of you: But ye are washed, but ye are sanctified, but ye are justified in the name of the Lord Jesus, and by the spirit of our God† (I Corinthians 6:11). All of the sins mentioned in this passage are condemned by God, but just as there was hope in Christ for the Corinthians, so is there hope for all of us. Homosexuality is an illicit lust forbidden by God. He said to His people Israel, â€Å"Thou shalt not lie with mankind, as with womankind: it is abomination† (Leviticus 18:22). If a man also lie with mankind, as he lieth with a woman, both of them have committed an abomination: they shall surely be put to death; their blood shall be upon them† (Leviticus 20:13). In these passages homosexuality is condemned as a prime example of sin, a sexual perversion. The Christian can neither alter God’s viewpoint nor depart from it. In the Bible sodomy is a synonym for homosexuality. God spoke plainly on the matter when He said, â€Å"There shall be no whore of the daughters of Israel, nor a sodomite of the sons of Israel† (Deuteronomy 23:17). The whore and the sodomite are in the same category. A sodomite was not an inhabitant of Sodom nor a descendant of an inhabitant of Sodom, but a man who had given himself to homosexuality, and the unnatural vice for which Sodom was known. Let us look at the passages in question: â€Å"But before they lay down, the men of the city, even the men of Sodom, compassed the house around, old and young, all the people from every quarter: And they called unto Lot, and said unto him, Where are the men hich came in to thee this night? Bring them out unto us, that we may know them. And Lot went out at the door unto them, and shut the door after him, And said, I pray you, brethren, do not so wickedly. Behold now, I have two daughters which have not known man; let me, I pray you, bring them out unto you, and do ye to them as is good in your eyes: only unto these men do nothing; for therefore came they under the shadow of my roof. (Genesis 19:4-8)† The Hebrew word for â€Å"know† in v erse 5 is yada`, a sexual term. It is used frequently to denote sexual intercourse (Genesis 4:1, 17, 25; Matthew 1:24, 25). The message in the context of Genesis 19 is clear. Lot pled with the men to â€Å"do not so wickedly. † Homosexuality is wickedness and must be recognized as such else there is no hope for the homosexual who is asking for help to be extricated from his sinful way of life. Romans 1:24-27; I Timothy 1:10 and Jude 7. If one takes these Scriptures seriously, homosexuality will be recognized as an evil. The Romans passage is unmistakably clear. Paul attributes the moral depravity of men and women to their rejection of â€Å"the truth of God† (1:25). They refused â€Å"to retain God in their knowledge† (1:28), thereby dethroning God and deifying themselves. The Old Testament had clearly condemned homosexuality but in Paul’s day there were those persons who rejected its teaching. Because of their rejection of God’s commands He punished their sin by delivering them over to it. The philosophy of substituting God’s Word with one’s own reasoning commenced with Satan. He introduced it at the outset of the human race by suggesting to Eve that she ignore God’s orders, assuring her that in so doing she would become like God with the power to discern good and evil (Genesis 3:1-5). That was Satan’s big lie. Paul said that when any person rejects God’s truth, his mind becomes â€Å"reprobate,† meaning void of sound judgment. The reprobate mind, having rejected God’s truth, is not capable of discerning good and evil. In Romans 1:26-31 twenty-three punishable sins are listed with homosexuality leading the list. Paul wrote, â€Å"For this cause God gave them up into vile affections: for even their women did change the natural use into that which is against nature: And likewise also the men, leaving the natural use of the woman, burned in their lust one toward another; men with men working that which is unseemly, and receiving in themselves that recompense of their error which was meet. † (Romans 1:26, 27). These verses are telling us that homosexuals suffer in their body and personality the inevitable consequences of their wrong doing. Notice that the behaviour of the homosexual is described as a â€Å"vile affection† (1:26). The Greek word translated â€Å"vile† (atimia) means filthy, dirty, evil, and dishonourable. The word â€Å"affection† in Greek is pathos, used by the Greeks of either a good or bad desire. Here in the context of Romans it is used in a bad sense. The â€Å"vile affection† is a degrading passion, a shameful lust. Both the desire (lusting after) and the act of homosexuality are condemned in the Bible as sin.

Corporation and all other organizational forms Essay

1-1. What is the most important difference between a corporation and all other organizational forms? Owners of a corporation are not liable for obligations the corporation enters into because a corporation is defined as a legal entity separate from its owners. 1-2. What does the phrase limited liability mean in a corporate context? Limited liability means that owners/investors are solely liable for the amounts they invested in the company; and owners/investors are not responsible for any debts, delinquent funds, or collections incurred by the company. 1-3. Which organizational forms give their owners limited liability? Corporations give owners limited liability and limited partnerships give limited liability to the limited partners, not the general partners. 1-4. What are the main advantages and disadvantages of organizing a firm as a corporation? The main advantages of an organization are they offer limited liability to the owners, greater liquidity and life span due to an unlimited number of potential owners investing funds into the firm. The main disadvantages of an organization are their double taxation of profits/dividends and the separation between ownership and control of the firm. 1-5. Explain the difference between an S corporation and a C corporation. The difference between a C corporation and S corporation is a C corporation pays corporate income taxes on profits and then the profits are distributed to the owners, whom are responsible for paying income taxes on these earnings. S corporations do not pay corporate taxes on profits, but they pass the entire tax liability onto the owners. The owners of an S corporation are limited to no more than 100 U.S. citizens. 1-6. You are a shareholder in a C corporation. The corporation earns $2 per  share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 40% and the personal tax rate on (both dividend and non-dividend) income is 30%. How much is left for you after all taxes are paid? Dividend available after corporate taxes: $2 x (1-0.4) = $1.20 Dividend available after personal taxes: $1.20 x (1-0.3) = $0.84 After taxes are paid, a dividend of $0.84 per share is available for distribution. 1-7. Repeat Problem 6 assuming the corporation is an S corporation. Dividend available after corporate taxes: $2, S corporations are not subject to corporate taxes. Dividend available after personal taxes: $2 x (1-0.3) = $1.40 After taxes are paid, a dividend of $1.40 per share is available for distribution. 2.8 In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total debt of $524 billion. Three years later, in early 2012, GE had a book value of equity of $116 billion, 10.6 billion shares outstanding with a market price of $17 per share, cash of $84 billion, and total debt of $410 billion. Over this period, what was the change in GE’s: a. market capitalization? Market Value of Equity = Shares outstanding Ãâ€" Market price per share 2009: 10.5 billion shares x $10.80 per share = $113.4 billion 2012: 10.6 billion shares x $17 per share = $180.2 billion The change in market capitalization between 2009 and 2012 is: $180.2 billion – $113.4 billion = $66.8 billion. b. market-to-book ratio? 2009: $113.4 / $105 = 1.08 2012: $180.2/ $116 = 1.55 The change in market-to-book ratio between 2009 and 2012 is: 1.55 – 1.08 = 0.47 c. enterprise value? Enterprise Value = Market Value of Equity + Debt − Cash 2009: $113.4 + 524 – 48 = $589.4 billion 2012: $180.2 + 410 – 84 = $506.2 billion The change in enterprise value between 2009 and 2012 is: $506.2 billion – $589.4 billion = -$83.2 billion 2-11. Suppose that in 2013, Global launches  an aggressive marketing campaign that boosts sales by 15%. However, their operating margin falls from 5.57% to 4.50%. Suppose that they have no other income, interest expenses are unchanged, and taxes are the same percentage of pretax income as in 2012. a. What is Global’s EBIT in 2013? 2013 Revenues: $186.7 million x 1.15 = $214.705 million EBIT = $214.705 million x 0.045 = $9.66 million b. What is Global’s net income in 2013? Net income = EBIT – Interest Expenses – Taxes 2013 Net income: ($9.66 million – $7.7 million) x (1-0.26) = $1.45 million c. If Global’s P/E ratio and number of shares outstanding remains unchanged, what is Global’s share price in 2013? 2013 P/E ratio: 2012 share price/earnings per share = $14/$0.556 = 25.17 2013 EPS: 2013 Net income/shares outstanding = $1.45 million/3.6 million shares = $0.403 2013 Share price = 25.17 x $0.403 = $10.14 per share 2-24. Suppose your firm receives a $5 million order on the last day of the year. You fill the order with $2 million worth of inventory. The customer picks up the entire order the same day and pays $1 million upfront in cash; you also issue a bill for the customer to pay the remaining balance of $4 million in 30 days. Suppose your firm’s tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each of the following: a. Revenues = Increase by $5 million b. Earnings = Increase by $ 3 million c. Receivables = Increase by 4 million d. Inventory = Decrease by $2 million e. Cash = Increase by $1 million ($3 million earnings + $2 million inventory – $4 million receivables)