How to Prepare For IELTS Sample Essay

How to Prepare For IELTS Sample EssayStudying IELTS Sample Essay is the first step to being accepted by the British Council for the IELTS. This is an educational qualification used for admission into their renowned school.Having learnt English, most students feel that English is a natural language and they will never need to learn another one. It's a popular belief that people who learn English will also learn the art of speaking English fluently.However, it doesn't matter how well you speak if you can't read or write. Some people don't even possess English as a second language as they learn in English public schools and colleges.So, the question is how do you learn English? You don't, unless you study the English literature. Studying IELTS is one way of doing this.The IELTS is an internationally recognised examination which prepares you for the IELTS course. This English language course is available in two formats, free to all participants and with a fee. A similar examination is th e TOEFL test, which is also widely acknowledged.There are many places from where you can take the free test, but the IELTS will be at the top of your list as you want to practice English. Your IELTS test will help you prepare for the IELTS. The IELTS is a test that helps the person who passed it to prepare for the IELTS, which is conducted by the British Council.Taking the IELTS is just the first step. You will have to complete and submit a sample essay and answer a few practical questions. You can also do the IELTS sample essay on your own. All you need is to sit for a test in order to pass.Studying IELTS Sample Essay will help you prepare for the IELTS exam and the BCCC's IELTS examination. Study tips will be provided for all students, so that you can pass your test without fail.

Jetblue Essay Example

Jetblue Essay Learning objectives 1. institutional aspects of equity issuance transaction 2. costs and benefits associated with public share offerings 3. develop a deeper appreciation for challenges of valuing unseasoned firms and enhance corporate valuation skills KEY QUESTIONS FOR CONISDERATION 1)What are the advantages and disadvantages of going public? 2)What different approaches can be used to value JetBlue’s shares? 3)At what price would you recommend that JetBlue offer their shares? Potential Questions to be addressed in report submission * What is an Initial Public Offering and why is it such a big deal? Is going public, particularly at the time they did, a good idea for JetBlue? * What do you believe JetBlue stock is really worth? * Does the financial forecast in case Exhibit 13 seem reasonable? * What are the key assumptions in the IPO valuation? * Is the length of the forecast period within the IPO valuation (exhibit 13) reasonable? * What discount rate is appropriate for the cas h flow forecast? * How would you suggest estimating the terminal value? What assumptions have you made? How have your assumptions affected the estimated value of JetBlue shares? Introduction After the terrorist attacks on September 11, 2001, it was upset deeply because of the safety for the airline industry in the United States. The passenger demand suddenly reduced and many flights cancelled afterwards, which led a lot of American airlines declared bankruptcy afterwards, including US Airways and United Airlines. It was a challenging time for airline industry, however, David Neeleman, the CEO and Founder of JetBlue Airways, discovered an opportunity for the company. Barely two years after its foundation, the company decided to raise additional capital through initial public offering (IPO). This report is aimed to apply financial theories and concepts into analyse the real case study of JetBlue Airline. Firstly, the background of JetBlue will be introduced briefly. Also, the advantages and disadvantages of going public for JetBlue will be discussed in the following pages. In addition, the share valuation of JetBlue IPO will be estimated based on several assumptions. Last but not least, the recommendation will be provided in the last past of this report. Background JetBlue was founded by David Neeleman in 1999, which looked to fulfil the purpose of â€Å"humanity back to air travel†. We will write a custom essay sample on Jetblue specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Jetblue specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Jetblue specifically for you FOR ONLY $16.38 $13.9/page Hire Writer By following the low-cost model of Southwest Airlines, JetBlue pursued to offer passengers an enjoyable flying experience by providing in-flight entertainment, comfortable room and high-quality customer service. In addition, in order to organise a strong and experienced working team, Neeleman employed several skilled senior managers, comprising of David Barger who was a former vice president of Continental Airlines to be president and COO and John Owen who was executive vice president and former treasurer of Southwest Airlines to be CFO in JetBlue. Moreover, as the founder of JetBlue, Neeleman have own extensive experience with airline start-ups from managing low-fare flights during university period. Based on the explicit marketing strategy of JetBlue, barely less than one year, the company increased the routes to other cities in America and it continued to grow rapidly to 17 destinations in early 2002. And not only that, JetBlue adopted the active measures to increase expenditures for security by setting up equip cockpits with bulletproof doors and security cameras, which enhanced the confidence of US residences to take flights under the circumstance of few people was afraid of flying after September 11 hijackings. Advantages and disadvantages of going public Refer to Bodie, Kane and Marcus (2011), initial public offerings are stocks issued by a formerly privately owned company that is going public, which means that selling stock to the public for the first time. According to Rothberg, the following table are shown some advantages and disadvantages of going public. Pros| Cons| Potentially large bonuses for business owners| High explicit cost – roughly 7% of the funds raised| Ability to raise additional capital rapidly in the future| Pressure to meet investor expectations| Attraction and retention for the valuable talents| Less control on make business decisions – decisions should be based on the interest of shareholders and investors other than owners themselves| Easy to sell ownership shares when owners exit business or retire| Reporting disclosure on regular basis| Access to capital markets| | In relation to this case, JetBlue aimed to raise additional capital through an IPO in order to support company’s growth and offset portfolio losses by investors. Moreover, according to John Owen, JetBlue had prepared the initial registration statement with security and exchange commission (SEC) for the IPO on September 11, 2001. However, based on the September 11 attacks, they delayed IPO before it came into force. In fact, not only the terrorist attacks on September 11, 2001, but several events happened negatively affected the global economy during the period of going public for JetBlue. For example, the contagion of bird flu was quite severe during taking flights, which definitely influenced the demand of flights. The increasing oil price also raised the basic cost in any transportation industry. Another negative condition could be the economic downturn, including crash of the dot-com bubble and financial crisis in Asia. From this point of view, it seemed not to be an appropriate time to going public. However, faced with the weak financial markets, JetBlue measured the targeted strategies and made success in profitable operations. And IPO market is never dead for good company with real revenues and real earnings just like JetBlue. It then turned out that it was a suitable time for JetBlue to IPO during the economic downturn though. JetBlue’s shares valuation There are various methods to value shares for a company, including free cash flow to equity (FCFE) method discounted by WACC, free cash flow to firm (FCFF) method discounted by cost of equity, dividend discount model and relative valuation techniques. Since JetBlue had not paid out any dividends on common stock, dividend discount model cannot be used to estimate company share value. In addition, FCFF method do not consider the effect of interest payment, however, as mentioned in the case, the Federal Reserve had attempted to stimulate economic activity by reducing interest rates. Therefore, from my point of view, it was more appropriate to value JetBlue share by FCFE method to consider the consequences of interest rate. The assumptions are made for evaluate JetBlue share value as follows. The long-run growth rate was expected to be 7% annually. And the company would have survived and would be a typical firm with an estimated cost of equity of 15% in 2010. Last but not least, the appropriate discount rate was assumed to be 30%. Additionally, there was a quite weird number disappeared in the Exhibit 13, which was the expected inflation rate was 4 times in 2002 than other years. After changing it back to the normal, the share value then could be calculated to be around $24. 60 per share. (Appendix 1) Recommendation Based on the assumptions, the calculated consequence is identical to the initial offering prices which ranged from initial price to implemented offering price ($24 to $25). Faced with sizable excess demand to potential investors, JetBlue took the appropriate measure to increase share value in order to avoid â€Å"money leave on the table†. In the long run, I believe that JetBlue will still grow at a stable stage as the innovative spirit and seasonable measures to the different types of events. Therefore, JetBlue’s stock was worth for the potential and incoming investors. We prepared to retristrict initial registration with SEC for the IPO on September 11, 2001. Based on the event of that morning, we didnot . We waited until stock market settled down. We returned the profitability in November and December. We started to issue IPO gain in Christmas time. Obviously, we modified the document a bit. High growth, low cost profitable airline has rebounded substantially in the market place. It was a very good stands to do the IPO for JetBlue. Even though it was 2002, the IPO market was pretty much dead, the IPO market is never dead for good company with real revenues and real earnings. So we were confident even a small amount of John Owen registration statement with underwriters FCFF we do not consider the effect of interest payment 1) In FCFF, we use EBIT (1-t) whereas in FCFE, we use Net Income; this is because while using EBIT (1-t) in FCFF we do not consider the effect of interest payment as mentioned above. 2) IN FCFE, we use Change in Non- Cash Working Capital*(1-D) – Capital expenditure*(1-D) whereas in FCFF we use Change in Non-Cash Working Capital – Capital Expenditure; this is because we just want to concentrate on cash flow due to equity only. Reference Bodie Z. , Kane, A. , Marcus, A. J. (2011). Investments (9th ed. ). New York: McGraw-Hill Rothberg F. The Pros and Cons of Going Public. Retrieved from http://www. cfoedge. com/resources/articles/cfo-edge-the-pros-and-cons-of-going-public. pdf Appendix (Appendix 1: Share valuation of JetBlue Airways) [ 1 ]. Bodie Z. , Kane, A. , Marcus, A. J. (2011). Investments (9th ed. ). New York: McGraw-Hill [ 2 ]. Rothberg F. The Pros and Cons of Going Public. Retrieved from http://www. cfoedge. com/resources/articles/cfo-edge-the-pros-and-cons-of-going-public. pdf

Suzuki Samurai Case Analysis Essay Example

Suzuki Samurai Case Analysis Essay Example Suzuki Samurai Case Analysis Essay Suzuki Samurai Case Analysis Essay SITUATIONAL ANALYSIS Michio Suzuki founded Suzuki Loom Works, a privately owned loom manufacturing company, in 1909 in Hamamatsu, Japan. In 1954 it changed its name to Suzuki Motor Company, Ltd. Suzuki changed its policy many times according to the market requirements. Suzuki started with introducing its products in Japan and then exporting it to various foreign markets (100 countries). It started off with motorcycles and was now producing trucks subcompact cars as well. Japans voluntary restrain agreement (VRA) quotas made it impossible for Suzuki to export any cars other than the Sprint to USA in future. In1985 Suzuki introduced the SJ413 an upgraded model of SJ 410 and designed especially for US market as further delay would increase the threat of ? Brand Clutter. Suzuki planned to market two versions of the Samurai in USA, a convertible and a hard top. There were other players who were also planning to enter the market. Hyundai Motor Company Zavodi Crvena Zastava (yugo) were expected to enter in 1986. DECISION PROBLEM Suzuki, was now facing the following question?  · How should SJ 413 be positioned in the US market? POSITIONING From the exhibits provided we can figure out that there were two things which were important for the customer while selecting a vehicle:  · Physical Characteristics (Design/appearance)  · Price Based on its physical characteristics, the major three positioning options for Samurai SJ413 were:  · Position as a compact sport utility vehicle  · Position as a compact pickup truck  · Position as a subcompact car Positioning as a Sports Utility Vehicle The most obvious position for the samurai was as a sport utility vehicle. It looked like a mini- jeep and had 4-wheel drive capability. The positioning of Samurai as sport utility vehicle solely

The role of leadership strategies, which help an organization to Essay

The role of leadership strategies, which help an organization to maintain its performance - Essay Example According to the research findings leaders are considered more effective even than the managers of the company, it is because leaders do not only manage the problems and system, but they lead their team in a professional manner. Leaders possess outstanding abilities to enhance the performances of all team members. They encourage them to view organizational situations from a leader`s eye and take initiatives in more improved manner, to increase productivity of the company. A leader also possesses persuasive attributes to motivate organizational members in order, to bring positive change in their organizational behavior and performance. Additionally, a leader does not solely focus on the performance of the employees; they keep an eye on the quality performance of the workers, because compromising on quality can create perplexing situations for the company. A leader brings new ideas for the success of the organization and makes plan to implement realistic strategies. Moreover, when all staff members ethically follow rules and regulations to understand the importance of result oriented concepts of the leaders, then a successful change takes place in the company. Kouzes and Posner, a leadership model suggested by Jim Kouzes and Barry Posner, has facilitated leaders to broaden their vision and form a stronger base for the organizational purposes with the co-operation of all team members. Additionally, this model has suggested another strategy to bring successful shift in the company such as, all workers including, leaders should maintain their worksheet, as it will help all participants to stay updated about their performance quality and scale. (Kouzes & Posner, 2003). Moreover, this model further suggests that all actions and strategies should be plan to secure future position of the company, means that future standard of the company should be the foremost priority of the company`s plans and leadership tools. Leadership Competency of Edge: The leadership competency of edge is an essential attribute of leadership that allows a leader to take risk at the hour of need. A risk of trust that he/she understands in a deeper sense than others and views a risky situation, as the best solution in the conditional situation of the company (Zingheim & Ledford, 1996). However, a leader has to be accountable for all outcomes, but he possesses qualities to take and manage the risk efficiently. Not only this, a leader should have potential to encourage all other employees to understand the importance of a risky situation, needed to bring organizational shift that would be most beneficial for the company (Zingheim & Ledford, 1996). Leadership competency of edge contributes to gather attention of all employees and motivate leaders to utilize workers, as the atoms that are useful to increase productivity of the organization through a result oriented shift. Motivating employers to maintain the performance based pay is another aspect of leadership competency that d irectly motivates employees to maintain their performances through the whole procedure of organizational shift. Organizational shift and improvement in the performances of the employees is only possible, when a leader makes his/her team realized that understanding an organizational mission

Investigate a given organisation to analyse its current position, Essay

Investigate a given organisation to analyse its current position, evaluate the strategic options available, and recommend the strategic route - Essay Example Besides the technology advancement, competition is rapidly increasing in almost every industry, and this could send some businesses into oblivion. In line with that, this paper seeks to analyse the current position, evaluate the strategic options and recommend the most appropriate strategic route for the Dyson Company. Founded in 1993 by James Dyson, Dyson Company is a UK-based firm, which specialises in the designing and subsequent manufacturing of heaters, bladeless fans, dryers and vacuum cleaners. Though based in the UK, the company extends it services to 80 other countries around the globe, and as of December 2013 the firm’s profit stood at a staggering  £800,000,000. It currently provides employment to over 5,000 people around the world 1.Innovation has been the key driver of this company as evidenced by the creation of Ballbarrow, an alternative wheel for wheelbarrows that James Dyson invented after finding it hard to use the then ordinary wheelbarrow. A business current position is judged through its various parameters including its values, unique selling point (USP) and market share. A business has to remain distinct among other competitors in order to remain not just afloat, but also ensure it achieves its goals. By offering a unique product, a firm sets itself above others; with values that correspond to the needs of people a firm attracts a list of clientele 2. Identifying the market where a firm belongs helps it in focusing on the same to ensure the clients are served properly. In the case of Dyson, the current position is that it is well positioned despite the presence of other players in the market. The above assertions are informed by the recent statistics, which show the firm’s growth increasing each year. For instance, in 2011 the firm’s profits increased by 8% followed by 30% in 2012 and there has no announcement of loss in the last two years either 1. Besides the profits increasing annually, the firm’s market share

Product life cycle Essay Example for Free

Product life cycle Essay Identify and assess the relevance of the ‘product life cycle’ to the notion of employee engagement. Employee engagement can be viewed through the four stages of the product life-cycle Step one is the introduction of the concept of employee engagement, its principles, strategy for enhancing engagement and involving employees, process of change to ensure engagement is fully embedded into the organisation. Step two is growth and growing the concept of engagement through a number of mechanisms: * Support from senior and line managers * Development of line managers in engaging staff * Clear communication and involvement strategy * Involving staff in organisational and job design * Encouraging self and career development planning * Identifying mechanisms for continuous staff feedback * Evaluating and adapting engagement strategies. Step three is reaching maturity and embedding and maintaining the above factors through continuous involvement, participation, communication, evaluation and action And finally, step 4 is the inevitable decline, even though there is a decline it is still important to retain key employees, and their skills and knowledge, and therefore to continuously involve them in managing the change and future strategy. The employee engagement life cycle is an important tool for HR professionals to use to assess how the engagement product fits with the business’s objectives and strategy. Evaluate the future for employee engagement in the UK and global economic context. Future action plans include: * Involving workers in identifying factors that will engage them further * Consideration of the demographic data and identification how to engage staff from all backgrounds at different levels * Further evaluation of the link between engagement practices and performance * Development of managers that can motivate and inspire staff Monster (2011) the online job advertising website conducted an international survey on employees’ views of their line managers and uncovered the following results: * Only 10% described their manager as ‘brilliant’ * 73% feels their manager does not invest in their self-development * 70% believe that they could do their manager’s job to a higher standard * 41% of UK workers felt their managers were totally incompetent Line managers are pivotal to enhancing engagement through empowering, motivating, inspiring, coaching and helping the employee develop themselves to enhance performance. Key areas where managers require further development include: * Responding to grievances and confronting issues * Empowering and involving workers on decisions that impact on them * Treating all team members equitably and with respect and providing constructive feedback * Recognising and appreciating efforts (particularly discretionary effort) * Being driven to deliver on commitments and promises made. Assess the future role of the HR professional and the HR function so far as the sustainable implementation of employee engagement practices is concerned. In order for HR to become more strategic, they need to ensure the HR strategies and the business strategies are aligned and both contribute to the overall business aim and objectives. If this is achieved then HR can be a driving force for creating an organisational strategy for competitive advantage. HR practitioners can determine organisation capability and engagement levels to flexibly adapt to changing environmental and customer needs through an evaluation of: the current resources in terms of skills, knowledge and behaviours; and organisation design and development. Once the HR practitioner is vertically integrated within the business, they will be able to take advantage of future opportunities by becoming a key player in the strategic decision making process through providing extensive knowledge in terms of organisational capability in taking the opportunity to grow into new markets, or determining future strategies and actions required.

Creation Myth :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Good vs. Evil  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the beginning all was dark. The universe stood still, just like a huge boulder. God stood one day, above all, staring at this unmoving mass.  ¡Ã‚ §A great waste of space, ¡Ã‚ ¨ He thought, and with this thought still in mind He went into his great kitchen to bake light. The light was ready, finally for it took many years, light isn ¡Ã‚ ¦t very easy to create. Got took in and hurled it at a medium-size rock, which he then called the Earth. He decided that the Earth would be His main project, and until Earth was finished, He wouldn ¡Ã‚ ¦t work on anything else.   Ã‚  Ã‚  Ã‚  Ã‚  God looked around the Earth, which was now glowing brilliantly on one side but was still dark on the other side, for there was only enough light to light up half the Earth. God thought that the other side of Earth needed to have light too, because God believed in equality for everything and everyone, and with this thought, he gathered up the light and hung it in the sky. The light was bright and hot enough to light up, sill, only one side of the Earth so God took His powerful hand and spun the Earth hard so it revolved around the light which he decided to call the sun. This way the whole planet would get light.   Ã‚  Ã‚  Ã‚  Ã‚  God then realized that the Earth was now too hot to live on, so He blew in the air and created the atmosphere, fog and dew. He raised his hands and down came the water, filling up everyone of Gods footprints and making all the oceans, seas, rivers and lakes.   Ã‚  Ã‚  Ã‚  Ã‚  Then God found a ball of mud, just enough to fit into one of his great hands, and proceeded to squeeze it in to the shape of a man. He cried one tear, and only one, on the mud, and almost immediately the mud had life stored inside it.   Ã‚  Ã‚  Ã‚  Ã‚  After a few years of the man being all alone on what was now called Earth, man spoke to God and said,  ¡Ã‚ §God, I am grateful for you creating me but I am very alone down on Earth, and wish to have a partner down there. God agreed, took another handful of mud and shaped it to look like a woman. He sent her down to Earth and together, the man and women created several more men and women. Creation Myth :: essays research papers   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Good vs. Evil  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the beginning all was dark. The universe stood still, just like a huge boulder. God stood one day, above all, staring at this unmoving mass.  ¡Ã‚ §A great waste of space, ¡Ã‚ ¨ He thought, and with this thought still in mind He went into his great kitchen to bake light. The light was ready, finally for it took many years, light isn ¡Ã‚ ¦t very easy to create. Got took in and hurled it at a medium-size rock, which he then called the Earth. He decided that the Earth would be His main project, and until Earth was finished, He wouldn ¡Ã‚ ¦t work on anything else.   Ã‚  Ã‚  Ã‚  Ã‚  God looked around the Earth, which was now glowing brilliantly on one side but was still dark on the other side, for there was only enough light to light up half the Earth. God thought that the other side of Earth needed to have light too, because God believed in equality for everything and everyone, and with this thought, he gathered up the light and hung it in the sky. The light was bright and hot enough to light up, sill, only one side of the Earth so God took His powerful hand and spun the Earth hard so it revolved around the light which he decided to call the sun. This way the whole planet would get light.   Ã‚  Ã‚  Ã‚  Ã‚  God then realized that the Earth was now too hot to live on, so He blew in the air and created the atmosphere, fog and dew. He raised his hands and down came the water, filling up everyone of Gods footprints and making all the oceans, seas, rivers and lakes.   Ã‚  Ã‚  Ã‚  Ã‚  Then God found a ball of mud, just enough to fit into one of his great hands, and proceeded to squeeze it in to the shape of a man. He cried one tear, and only one, on the mud, and almost immediately the mud had life stored inside it.   Ã‚  Ã‚  Ã‚  Ã‚  After a few years of the man being all alone on what was now called Earth, man spoke to God and said,  ¡Ã‚ §God, I am grateful for you creating me but I am very alone down on Earth, and wish to have a partner down there. God agreed, took another handful of mud and shaped it to look like a woman. He sent her down to Earth and together, the man and women created several more men and women.