Types of financial modeling techniques For any business to excel and make profitable returns, it’s essential to have a financial model segment on your business plan. Therefore, while creating your business plan, it is critical to have a comprehensive program that will provide guidelines on how you can manage your business in the future. Its also crucial to take note of the company’s performance history, income statement preparations, and future assumptions. Here are a few tips on financial modeling for your company development. Three statement model As the name implies, the type of model has a simple formula that links balance sheets, income statements, and cash flow. Its main objective is to ensure that all your company accounts are connected hence making it easy for you to drive your business expectations. Additionally, with this type of modeling, its easy to moderate your company growth in all aspects. However, you require to have solid skills in accounting and finance. Consolidation This model type is a combination of multiple business units into a single model. Basically, it adds respective entries to build…

society social interaction The sociology course focuses on the study and clarification of the society social interaction. The study includes analyzing societies, social behavior, culture, and social relationship. As a student pursuing a course in sociology, I am interested in this program. I am interested in using the knowledge gain from sociology to solve the existing problems in the societies. Sociology knowledge helps to understand how civilization started, the existence of different races, and violence among communities. It also helps to understand the deviance in communities, religions, crime among societies, and how evolution created changes. Sociology knowledge enables an individual to work in research institutes, journalism, law firms, government, and education fields. Sociology, therefore, incorporate various disciplines where learners can specialize on. These disciplines include political science, psychology, economy, survey, anthropology and archeology, policy analyst, and human resource. Post-high school teaching, mathematicians, and urban and regional planner also fall under sociology. They study everything about the human being and their environment. They consider the relationship between two individuals and a large number of people — the interaction between countries and…

Subhas Chandra Bose   Subhash Chandra Bose (23 January 1897 – 18 August 1945) is a legendary leader of India’s independence struggle. He is better known as Netaji. Subhas Chandra was elected the President of the Indian National Congress twice. But he had to resign to express his views against the ideological conflict with Mahatma Gandhi and the open criticism of the Congress’s foreign and internal policies. Subhas Chandra believed that Mahatma Gandhi’s nonviolence and satyagraha policy were not enough to bring India independence. Because of this, he chose the path of armed struggle. Subhas Chandra established a political party called the Forward Block and demanded full and immediate independence of India from British rule. He imprisoned by eleven British authorities. His famous quote “You give me blood, I will give you freedom.” Even after World War II announced, his ideology had not changed; Rather, he sees this war as an opportunity to exploit the weaknesses of the British. At the outbreak of the war, he left India in secret and travelled to the Soviet Union, Germany and Japan to…

Total Rewards Package Strategy  Executive Summary The FFH is so much concerned with the competitiveness of its total rewards package. Several FFH supervisors and managers have been working with the company for over 20 years and contented with the compensation offered. Now there is a present matter according to the interviewed potential employees suspecting that they are not receiving equal total rewards as contrasted to their competitors. It is essential to examine the existing complete rewards package and try to understand how it relates to the benefits package of the competitor. This paper will explore mechanisms to include in the complete rewards package of the firm, contrast the benefits and salary components by adding incentive compensation, what legal compliance to be considered in establishing total rewards package, and recommending the right strategy for management. It is vital for governance and institutions to continuously look for techniques to develop their business to overcome competition. Introduction Total rewards refer to a concept that illustrates all the requirements present to an employer that may be applied and used to retain, motivate, and attract…

Case Scenario One: Divorced parents with two children. Gail, the mother has primary care for the children as the father, Tom, has moved and is living in another state. Gail is now dating and is feeling ready to have her daughters, Dina and Cara, meet her new boyfriend.   Gail is a divorced, single mother in her late twenties who has two girls Dina, age 5 and Cara, age 7. Gail works full-time as a pharmacist. Her young girls are in school, and they are currently well-adjusted. Gail and her daughters have a structured schedule and routine. When not at work or school, Gail and her girls have typically been inseparable. Gail (mother) has a younger sister without children and an older brother with four children who live in the same town. After six years of marriage, Gail and the girls’ dad Tom divorced two years ago. The divorce was ultimately amicable though was based on difficulties making the needed compromises for balancing family and career priorities. Prior to the separation and divorce there were increasing tensions in the home,…

Work Environment, Workload, Job Satisfaction, and Error Reporting   Hui-Ying Chiang, PhD, RN; Ya-Chu Hsiao, EdD, RN; Huan-Fang Lee, PhD, RN   Nurses’ safety practices of medication administration, prevention of falls and unplanned extuba-tions, and handover are essentials to patient safety. This study explored the prediction between such safety practices and work environment factors, workload, job satisfaction, and error-reporting culture of 1429 Taiwanese nurses. Nurses’ job satisfaction, error-reporting culture, and one en-vironmental factor of nursing quality were found to be major predictors of safety practices. The other environment factors related to professional development and participation in hospital affairs and nurses’ workload had limited predictive effects on the safety practices. Increasing nurses’ attention to patient safety by improving these predictors is recommended. Key words: error reporting, handover, nurses’ safety practices, patient safety, work environment, workload     DURING the past 2 decades, health care professionals have concentrated on the patient safety movement by participating in human factor education programs, standard-       Author Affiliations: Nursing Department, Chi Mei Medical Center, Yung-kang Dist, Tainan, Taiwan (Dr Chiang); Chang Jung Christian University,…

How to identify internal managerial talents.                      Talent management is a method used in organizations to be able to recruit and hire the best personnel relating to the required job features. With efficient employees, the company will be able to achieve its goals effectively.  Different methods can be used to identify internal managerial talents: First of all, is through identifying dedication and commitment whereby the potential managers are assessed in terms of how they work and what their efforts yield in the long run. This kind of managers can go the extra mile for example by working overtime so as to ensure the success of the company, and they also have an ability to influence the rest of the employees towards achieving the desired goals (Cutt, Flynn, Mowl, (2012) In addition, through assessing the potential manager’s character and personality. Character refers to the manager being responsible and his/her relation with the rest of the colleagues is appealing. Also, the manager should be a timekeeper and creative enough. In checking personality, the potential manager should show compassion, have an open mind…

Workforce Analysis   5 Workforce Strength Examples Opportunity Examples a How does the organization assess and manage workforce capability and capacity needs?   -By use of a performance evaluation system within which there is the training matrix. -By use of profiling procedure through task analysis to select the most critical task and use of skill analysis   -By collaboration of the HR department and the directors. -By the use of the diversity strategy. -Use of GG to prepare and manage workforce growth by projecting operations for three months in advance and its staffing plan   – through systematic assessment of associate KSAs to engage in the work and human resources planning to accomplish our work and support processes. – GG manages workforce career paths, leadership development, and succession planning to prepare for changes in organizational structure and work systems, and builds concepts of change leadership and adapting to change with training, coaching, and practice. -SLT members assess associate capability and capacity when setting organizational direction, provide a positive associate climate that contributes to our high-performance environment, ensure associate and leader…

The Discovery of HR from Strategy-as-Practice Perspective Abstract   The aim of this study is to explore Human Resource Management (HRM) practices from Strategy-as-Practice (S-as-   perspective in a company which has a reputable brand at an international level. The research also tries to discover the missing link between Strategy-as-Practice and HRM. In addition, the study tries to explain how S-as-P and HR interact and work together. This study was performed as a case study through using qualitative research methods. In the research, interview techniques which are semi-structured and open-ended questioning was used. The sample of the study is composed of HR directors, Strategic Planning directors and employees. This study is original in the nature as it tries to discuss Strategic HR from strategy as practice perspective.   20155TheAuthors.byElsevierbyElsevierLtd.ThisLtd .is an open access article under the CC BY-NC-ND license   (Peerhttp://creativecommons-reviewunderresponsibility.org/licenses/byof–thenc-nd/4International.0/). Strategic Management Conference Peer-review under responsibility of the International Strategic Management Conference   Keywords: Human Resource Management, Strategic HR, Strategy-as-practice, Reflexivity, Reputation Management     Introduction   In this study, we investigated the mystery behind the closed doors of…

Human Resource Report  For every business, it is vital to have effective human resource management strategies to ensure that there is no labour surplus or shortage. The concept of human resource management is broad as it entails topics such as compensation, benefits and employee motivation, performance management, training, safety, career development, Turnover management, among other subtopics. Human resource plays a key role in managing people and the workplace environment. At some point, human resources managers are faced with a decision to downsize or recruits. In the case incident, the franchise owner requires proper examination and forecast of labour situation to decide whether to downsize or recruit. Perhaps a qualitative and quantitative analysis of franchise would provide the owner with a forecast of labour demand before downsizing, by calculating employee turnover level in stores and online-based, a glimpse of labour shortage or surplus is provided.  In this report, analysis of a franchise based on its current labour supply is given. From the analysis, a clear plan is given to address the forecast labour shortage or surplus. The strategic plan entails human…