A financial study of GOLDPLAT PLC - Free Essay Example

Sample details Pages: 6 Words: 1841 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? About the company Goldplat plc is an AIM-listed gold producer with operations across Africa. It aims to become a highly profitable mid-tier gold mining company, leveraged through revenue generated from its highly profitable gold recovery businesses. Goldplat is a profitable and highly cash generative gold producer focused in Africa with three primary assets: Goldplat Recovery (Pty) Limited SA South African gold recovery plant Gold Recovery Ghana Limited Ghanaian gold recovery plant Kilimapesa Gold Limited mining project in Kenya Goldplats two gold recovery businesses based in South Africa and Ghana fulfil an important aspect of a mines environmental management programme, by safely disposing mining by-products. Don’t waste time! Our writers will create an original "A financial study of GOLDPLAT PLC" essay for you Create order The Company is the market leader in the recovery of precious metals in Africa and has secured a strong blue-chip client base consisting of many majors including Anglogold Ashanti, Goldfields and Harmony. The Company is also developing the Kilimapesa Gold mining project, located in the historically producing Migori Archaean Greenstone Belt in western Kenya. Kilimapesa Gold commenced operations in January 2009 and gold sales are expected in Q3 2009. An aggressive exploration and development programme has been implemented to define a JORC compliant resource at the project. Additionally Goldplat is evaluating various gold recovery operations in Tanzania and Zambia and has formed a joint venture with Black Economic Empowerment (BEE) partners to take advantage of mining opportunities in South Africa. Products and Operation Goldplat is a profitable and highly cash generative gold producer focused in Africa with three primary assets: Goldplat Recovery (Pty) Limited SA South African gold recovery plant Gold Recovery Ghana Limited Ghanaian gold recovery plant Kilimapesa Gold Limited mining project in Kenya Goldplats two gold recovery businesses based in South Africa and Ghana fulfil an important aspect of a mines environmental management programme, by safely disposing mining by-products. The Company is the market leader in the recovery of precious metals in Africa and has secured a strong blue-chip client base consisting of many majors including Anglogold Ashanti, Goldfields and Harmony. The Company is also developing the Kilimapesa Gold mining project, located in the historically producing Migori Archaean Greenstone Belt in western Kenya. Kilimapesa Gold commenced operations in January 2009 and gold sales are expected in Q3 2009. An aggressive exploration and development programme has been implemented to define a JORC compliant resource at the project. Additionally Goldplat is evaluating various gold recovery operations in Tanzania and Zambia and has formed a joint venture with Black Economic Empowerment (BEE) partners to take advantage of mining opportunities in South Africa. South Africa and Ghana The companys South African arm as well as the subsidiary in Ghana specialises in extraction of precious metals.Their are mainly two business segments,Processing and mining segment, which produces metals and Management segment, which includes companies that mange the producers. Kenya Goldplat is in joint venture with Kilimapesa Gold Ltd Lologerien project in Kenya the principle activity of which is production of Gold. A list of Customers of Goldplat Plc worldwide:-Names provided below of all mining companies that deals with Goldplat Plc.The company mainly issues letter of acceptance and /or through contract Anglogold Ashanti Goldfields Harmony Impala Platinum Lonmin Platinum Hartebeesfontein Buffelsfontein Blyvooruitzchict Driefontein Durban Roodepoort Deep Mogale Gold Avgold Kloof Background and Expertise of Management Board members are very experience and have many years of experience in diverse fields. Includes accountants,engineers,financial advisors etc.They bring loads of experience and helps in bettering the performance of Goldplat. Business risk and uncertainty Every business in the world is exposed to risks,so does Goldplat.The risks are discussed below Volatility in price of Gold Gold prices are highly volatile in nature.The main reason is the demand and supply.Such volatility of price effects the turn over of the business.Gold is traded in the market and hence the nature of the price is never stable.. Variation in forex market The company is listed in Uk and its work operandi is in Africa.Every day it has to face the variation in regard to Rand and GBP.No other day the rate are same .So the company is subjected to the daily fluctuations of the international forex market. The Current Economic Condition The present financial condition is extremely serious.Banks are not forthcoming in providing credit to the companies.Expansion and other business decisions are hampered. Improper Maintanance of Accounts The financial figures quoted in the balancesheet may be false and misleading.We have seen companies like Enron going bust because of incorrect and false reporting of figures and suppression of facts. Interest rate risk The Group generally adopts a policy of ensuring that its exposure to changes in interest rates is on a floating rate basis . Credit risk Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. The Group primarily deals with reputable mining houses and is unlikely to suffer any losses from this risk. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the balance sheet. Liquidity risk The Group reviews its facilities regularly to ensure that it has adequate funds for operations and expansion plans. Capital risk management The Group manages its capital to ensure that it will be able to continue as a going concern while maximising the return to shareholders. Fair values The fair values of financial instruments, such as, interest-bearing loans and borrowings, finance lease liabilities, trade and other receivables/payables are substantially identical to carrying amounts reflected in the balance sheet Competitors analysis The following competitors of Goldplat plc are based in the United Kingdom and figures quoted as on June 2008. The current and quick ratios are significant parameters in understanding the financial health of the company.The current ratio and the liquid ratio are both at 3.2 respectively which is equal to the industry standard.Thus making it less risky and good company to invest in.The company is one of the few who has earned profit in the year 2009 so cost has been taken care off.The below chart depicts that the Goldplat has been able to beat the competition and the industry Record pre-tax profits of  £2.4 million for the year ended 30 June 2009 (2008:  £1.6 million) . Healthy cash position with  £2.2 million in the bank (2008:  £1.5 million).The company has been able to earn profit in such time of un precedented economic crisis speaks volume about the management.The company has been able to beat the market in generating profit and operating profit.They have been do ing this for last 3 years now and good indicator of a rising company The return on equity has been very steady for last 3 years.The below graph shows and constant uprising in the area. Even in ROI it is the clear market leader.Below I have shown the individual performance of ROA and on ROI of Goldplat Plc in last 3 years.The graph is s rising graph and speaks volumes about the management Return on Assets The management has been doing a good job in this parameter.The company has been able to earn sufficient return from its asset.The companys ROA has been up by more than 2percent since 2007 .Thus the management is able to maximise shareholders return From the above analysis through charts and figures it has been established that Goldplat is a growing concern and a profit manking.Per employee revenue is above industry standard and the management has done a commendable job in garnering motivation among its employees.The company has made an increase of sales in real terms ove r its earlier year by over 44%.While it has increased its sales it has also developed its asset base .Very focussed management.The sales figure has gone up to GBP 11,149 which has pushed the total revenue for the firm. The cost of sales has grown significantly to GBP 8225 which could be controlled and brought down to maximise profit.With an increase in sales the gross profit has shown an up ward movement. Hence the gross profit margin is at 26.2%. The net profit has also grown to 16.8 %.There has been a 22% rise in the capital employed figure too.In 2009 the PBIT has seen a sharp rise to 1,824 million.Credit given and credit taken are almost same of 64 days owing to high sales and high cost of good sold. Stock turn over has sen a decline from the last years .The current ratio and the quick ratio are both at industry standard and betterd this year over last year 3) Share price performance Record pre-tax profits of  £2.4 million for the year ended 30 June 2009 (2008:  £1.6 million) . Healthy cash position with  £2.2 million in the bank (2008:  £1.5 million) ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ South African and Ghanaian gold recovery plants performing strongly production totalled 21,068 oz of gold (2008: 19,322 oz) ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Stocks of materials for processing in South Africa and Ghana continued to increase securing future production 88,000 oz of contained gold in stockpiles ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Finalising agreement to acquire remaining 50% of Kilimapesa Gold (Pty) Limited in Kenya from International Gold Exploration AB for US$2.7 million ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Developing Kilimapesa Hill gold mining project with a view to establishing a formal mining operation working towards a JORC compliant resource to clarify its economic potential.Thus It has been observed that the share price continues to grow and out perform its competitors.The earning per share has been growing steadily.So a very good option to invest keeping others things in mind. Corporate Governance The Directors recognise the importance of sound corporate governance commensurate with the size of the Company and the interests of the shareholders. As the Company grows, the Directors intend that it should develop policies and procedures which reflect the Principles of Good Governance and Code of Best Practice as published by the Committee on Corporate Governance (commonly known as the Combined Code). So far as is practicable, taking into account the size and nature of the Company, the Directors will take steps to comply with the Combined Code. Conclusion Goldplat Plcs revenue increased toGBP 111,149 during the months ended 30 June 2009.Increase in demand of the companys products and services has led to an increase in the revenue ,resulting in higher gross margin and finance income. As a result of which comp anies share price jumped significantly.Not only revenue but the gross profit,operating profit,profit before tax as well as profit has all seen a upward swing. Current market situation The Gold price has recently risen over $ 900( £600).The current economic downturn has significantly increased the demand of gold as investors perceive it as the best alternative investment .However ,the improvement in the equity market and strengthening of US dollar may negatively impact the gold prices. Silver price hit a record high of $21/ ounce in March 2009 but later plunged almost 60%.But in the first quarter of 2009 it increased again by 24% .Silver also performed fairy well during the crises period. Usage of silver among industries is 54% and the demand is expected to grow further. However, Silver has a very volatile market compared to gold.The company is a good option for investment Source: https://www.commodityonline.com/news/Silver-is-misunderstood-Silver-price-can-go-to-$25-17329-1-1.html

Essay on Autism Spectrum Disorders - 4121 Words

Autism is a disorder enshrouded in enigma. This perplexing thing we call autism has left many developmental experts scratching their heads time and again as to what the specific causes may be. Dead ends and an endless multitude of potential factors seem to be the most common results researchers stumble upon as it relates to the origins of autism. Although it is postulated that autism has a somewhat strong genetic basis involving but not limited to rare and complex gene mutations, it is still a mystery as to how the environment may contribute or cause these genetic variants to express themselves (Arndt, Stodgell, Rodier, 2005). According to Arndt et al. (2005) and Johnson Myers (2007), many controversial theories surrounding the†¦show more content†¦Many researchers appear to be tracing the recent rise in prevalence rates for Autism Spectrum Disorders over the past decade or so back to the fact that the DSM-IV-TR (2000) includes Asperger’s Disorder in its categor y of Autism Spectrum Disorders. While many notable personalities in the field of developmental disorders argue that Asperger’s should not be included on the Autism radar and should merely be cited as a social impairment, it is clear that this disorder we call autism has established itself as a serious force to be reckoned with in our modern world. For the remainder of the paper, I will first cover the diagnostic criteria for Autism Spectrum Disorders in children, including the difference between Autism and Asperger’s; I will then discuss Applied Behavioral Analysis (ABA) in the treatment of autism spectrum disorders – including ABA techniques/ methods and research on its efficacy interwoven in the delineation of the treatment. Autism spectrum disorders, which are categorized under the Pervasive Developmental Disorder umbrella of the DSM-IV-TR, are considered to impair neural development and are most notably characterized by less than adequate social interactio n, especially in the realm of communication and interpersonal relating or empathy skills along with the defining trait ofShow MoreRelatedAutism Spectrum Disorder And Autism Essay1393 Words   |  6 PagesAutism is a neurological disorder with many forms and severities, better known as autism spectrum disorder, that begins early in childhood and lasts throughout the individual’s life. Autism spectrum disorder is defined as developmental disabilities that can cause significant social, communication, and behavioral challenges (CDC). Previously, autism was recognized in distinct groups and types. 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These range from something as simple as a speech delay to something as complex as cerebral palsy. One of these developmental disorders is autism. Autism can cause social, communication, and behavioral challenges. One in 68 children are affected by autism. Autism Spectrum Disorder (ASD) is 4.5 times more common in boys. One in forty-twoRead MoreAutism Spectrum Disorder ( Autism ) Essay1739 Words   |  7 Pagesconventions (Lai, 2014). These two observations w ould be the beginning of a disorder known as the Autism Spectrum Disorder. This developmental disorder, characterized by a range of deficits in different areas, is increasingly prevalent in society and in the media. While the exact numbers vary from country to country, according to Lai (2014), 1% of the general population is diagnosed with an Autism Spectrum Disorder. The range of this disorder has a detrimental effect on society, specifically the educationalRead MoreAutism Spectrum Disorder ( Autism ) Essay1858 Words   |  8 Pages Autism Spectrum Disorder affects various aspects of an autistic child’s life. Many children are diagnosed with autism spectrum disorder every year, while others go undiagnosed for an extended time, or even for their whole life. A child exhibiting delays in language benchmarks or showing little interest in the surroundings should be examined for possible ASD. Language is often impaired and although the level of impairment can range from severe too unnoticeable in each child, a child is likely toRead MoreAutism Spectrum Disorder1446 Words   |  6 PagesPublic Health Problem Autism or autism spectrum disorder ( ASD) is a developmental disorder that has been found world wide. However unlike many other disorders, autism is fairly new in the sense that there is no cure nor a set factor causing it. Today, the public is more aware of the disorder, yet there is still concern about how to treat autism in children as well as what risk factors are more likely to lead to autism. Autism has been around for the past hundred years, however previous to theRead MoreAutism Spectrum Disorder1409 Words   |  6 Pagesboys and 1 in 189 girls are diagnosed with autism in the United States (Autism Speaks, n.d.). Can be diagnosed in all racial and ethnic groups, as well as every age group. In the 2013 publication of DSM-5 diagnostic manual, Asperger syndrome, Autistic disorder, childhood disintegrative disorder, and Pervasive Developmental Disorder- not otherwise specified (PDD-NOS) were merged into one category of ASD. This paper will explain what Autism Spectrum Disorder is, causes, signs and symptoms, diagnosisRead MoreAutism And Autism Spectrum Disorder1267 Words   |  6 Pages and the way he interacted with others, spoke to me on a profound level. I know autism when I see it. For those not familiar with autism, Autism Speaks, the world’s leading autism science and advocacy organization, defines autism and autism spectrum disorder (ASD), as both general terms for a group of complex disorders of brain development. These disorders are characterized, in varying degrees (hence, a â€Å"Spectrum† that includes both low- and high-functioning individuals), by difficulties in socialRead MoreAutism Spectrum Disorder And Autism1401 Words   |  6 PagesIn America about one out of 88 children have autism spectrum disorder and about 36,500 in four million children are born with autism. Currently approximately 1.5 million adults are living with autism in the United States. The autistic brain is a complicated phenomenon, which has required many years of research in the biomedical field by institutes, organizations, and the government to comprehend the disorder. Depending on the severity of the disorder – low functionin g or high functioning – and theRead MoreAutism Spectrum Disorder And Autism Essay2049 Words   |  9 Pages Autism and Asperger’s are two syndromes that are now looked as being part of the ‘Autism Spectrum Disorder’. Asperger’s is on the high functioning end while Autism is on the low functioning end. Before the ‘autism spectrum’ was created, in nineteen forty-three and nineteen forty-four, a psychiatrist named Leo Kanner and German scientist named Hans Asperger discovered Autism and Asperger’s. Their research included looking at cases of children who were different and had qualities of aloneness, obsessiveness

Importance of Ethics for Business-Free-Samples-Myassignementhelp

Questions: 1.What is the Ethical Issuein this scenario? 2.What should Michael do?Justify your answer using at least two Ethical theories. 3.Do you perceive Michaels boss to be ethical or unethical? Explain your answer in detail 4.Should Michael blow thewhistle? Define whistleblowing. Explain whatmotivates whistle-blowers and under what circumstances whistleblowing isjustified? 5.Based on the case study, provide four reasons why ethics is relevant to Business? Answers: Introduction Business Ethics and principles are important for an organization in order to make decision. It is a principle function that guides an organization in making policies and procedures. The ethical philosophy in an organization is affecting the reputation, productivity and bottom line of the business. Ethical behavior is important for an organization in order to ensure employees integrity and honesty (Osterwalder and Pigneur, 2010). Organizations are focusing on the ethical code of conduct in order to maintain the standards for quality in their work. This enhances productivity and quality in order to meet results. A positive and healthy corporate culture increases the productivity and improves the employee morale. The given case study focuses on Whistle blowing and ethical issues faced by Michael. The act of whistle blowing has a potential impact between the personal, organisational and societal spheres. The conflict arises from the circumstance that one views a whistleblower as someone sharing knowledge of misconduct and acting disloyal to their organisation (Johnson, Christensen and Kagermann, 2008). 1.Ethical issue in the given scenario The given scenario highlights the malpractices carried by a business organization in order to gain business interest. It is a common practice carried in the business organizations these days. Corporate malpractice is an unethical conduct carried by the business organization detrimental for the future interest. The ethical issue is regarding the unethical use of document for meeting organizational interest. Corporate malpractices are common to the business organization. With rising awareness and corporate governance practices, it has become evident to follow ethical business practices (Zott and Amit, 2010). In the given scenario, there is no particular information regarding the company policies or regulations to provide direction. Use of information gained through wrongful mean is unethical, if not downright illegal. By using confidential information for personal gain comes under the unethical business practices especially Corporate Espionage where the company tries to obtain trade se cret through wrongful mean. Using this confidential information would certainly give a competitive advantage, but put a question on the ethical conduct (Chesbrough, 2010). 2.Duties of Michael in context of Ethical theories Ethical context in business has increased in the corporate sector. This has created a necessity for managing the organization by meeting the ethical means. In the given scenario, there is a serious ethical issue in the organization. In order to meet the organizational interest, the organization is using wrongful mean to gain competitive advantage. Michael has obligations towards the company while working upon the task given to him. Ethical dilemma put a person under a complicated situation. This situation creates problem for the individual and the company while implementing the policies and procedures. An implementation of ethical theory will help in understanding the duties of Michael while performing duties (Week, 2000). The ethical egoism theory is a normative ethical position where an individual work in their own self-interest. Ethical egoism is a situation where the individual is benefitted from the act. He considers the benefits derived from the act (Newton, 2017). Ethical egoi sm does not require moral agents to harm the interests and well-being of others. In the given situation Michael can use the information for the company. The impact of using the information will be incidentally detrimental, beneficial, or neutral on the company. Individualism i considered to be an important aspect in disregarding or not, as long as it is satisfying the self-interest of the individual. The purpose is to meet the long term goals for which an individual is fulfilling the short-term desires that can be detrimental to the self. Ethical egoism endorses selfishness, but it doesn't support foolishness. From the general context of an individual, use of information can be detrimental for oneself. But considering the long term consequences, use of information will benefit the organization. However the theory is regarded as an important parameter while handling the issues (Melden, 2013). As per the Egoism theory Michael should not use the informational unethically as this might affect him later. This theory is based on self-interest. Michael should function by focusing on his interest. This will be helpful in managing his interest. An unethical act might affect him and his interest. Hence Michael should avoid any such act that might have a long lasting impact on his life (Beauchamp, Bowie and Arnold, 2004). As per the Kant theory, morality is the supreme principle. Any act which is immoral is considered as unethical as per the theory. In the given scenario, it is ethical from the part of Michael to do a task that is immoral. Kant theory focuses largely on good and bad. While considering the impact of an activity that is immoral for an individual. It is completely based on the moral worth of the act. The given scenario is an example of an immoral act and depicts the corporate malpractice. From a point of view of an individual the theory focus on doing an activity with utmost moral perspective. While considering an act it is important to handle the act for the well-being of the individual and the organization as well (Garriga and Mel, 2004). Hence it is clear that it is the duty of Michael to act as a Whistle blower in order to reduce the consequences that are caused due to an unethical activity. It is his duty to bring forward the unethical practices taking place in the company. Such business practice is not good for the long term growth of the company. While considering the organizational act it is important to focus on the well being by ethical means. For gaining long term sustainability it is evident for a business to avoid such malpractices. Ethical dilemma is difficult for the individual to manage the long term benefit. It is important for helping the individual in gaining better results while considering the ethical conduct. There are few acts that are considered to be unethical and hence Michael should ask his boss to stop such malpractices. These activities might affect him in future date at the time of scrutiny (Broad, 2014). 3.Role of Michaels boss in terms of ethics Michael boss is unethical here. It is not correct to use the information collected from the wrongful mean. It is clear that the act is completely unethical for the employees and the company on a long run. It can be seen from the case that the information collected by him is unethical. Corporate malpractices are common to the business organization. With rising awareness and corporate governance practices, it has become evident to follow ethical business practices. Any information collected without any proper source is unethical for the company as well the individual using it. There can be an incidence where the employee might face the consequences of such act at future date (Dion, 2012). Firstly, it is unethical to use the confidential information of a competitive company retrieved through an unethical way. It is the case of corporate espionage. There is a probability that Michael has collected information through some colleague. Secondly, it is important for the organization to manage the organizational value. It is important for an individual to follow the ethical code of conduct. It is mandatory from the point of view of organizational growth and conduct. This will help in managing organisational goals and task for meeting effective results. The purpose of the act is to manage the interest of ever individual attached to the organization. This is important for the managing the organizational goals and maintaining a level of code of conduct in attaining result. Responsibilities of Michael Michael is now aware that the organization is using the unethical information collected from the competitor. He should act as a whistle blower in order to avoid such incidences. These acts do have a long term impact on the organization. Advocating whistle blowing is important for the individual in order to avoid the long term impact. It is important to foster culture of self-regulation and accountability, management that can help in ensuring staff and business operations. Whistle blower is ultimately torn in between the employs and the commitment towards the society. Whistle blowing creates fear in the mind of the people. There is a constant fear that the employee might have to face the consequences that is caused due to whistle blowing. In todays competitive business scenario, it is important to use the whistle blowing policies in an effective way. This is important for the society. Whistle blowing is important aspect for the society. It is evident for the business organization in o rder to manage the work in the most effective way (Miceli, near and Dworkin, 2013). 4.Factors affects whistle blowing and justification for it It is important for each and every organization to use effective organizational policies fostering honesty and loyalty. By encouraging this culture, the organization can promote transparent culture. The Whistle blowing policies protect the organization against odds. It is through the whistle blowing policies that the organization these days can gain competitive advantage. A Transparent and honest organizational culture is important for a company (Davis, 2013). It put forward a positive image in front of the customers. This helps the employees in managing the task in order to meet the long term sustainable goals. It is difficult from the point of view of an employee to act as a whistle blower. There can be potential harm to the whistle blower. This is why people are avoiding the instances to act as a whistle blower (Henik, 2015). 5.Reasons why ethics are important for a business In a competitive business environment it is important for managing the business by following effective business ethical policies. It is important for the organization in order to manage the long term organizational sustainable goals. This is important for gaining competitive advantage in order to deal with the problems. Business ethics create a positive impression in the mind of the employees. In this way, the employees are able to gain job security that motivates employees. It creates a positive image in the mind of the investors hence helping in gaining a competitive advantage. At good corporate governance and ethical behavior is important for gaining organizational goals (Chesbrough, 2010). Conclusion To conclude, it is important for the business organization to follow effective ethical principles. The ethical issue is regarding the unethical use of document for meeting organizational interest. Corporate malpractices are common to the business organization. With rising awareness and corporate governance practices, it has become evident to follow ethical business practices. The given scenario focuses on the Whistle blowing and duties important for an individual in order to behave ethically. References Beauchamp, T.L., Bowie, N.E. and Arnold, D.G. eds., 2004. Ethical theory and business. Broad, C.D., 2014.Five types of ethical theory(Vol. 2). Routledge. Chesbrough, H., 2010. Business model innovation: opportunities and barriers.Long range planning,43(2), pp.354-363. Davis, M., 2013. Whistleblowing.The International Encyclopedia of Ethics. Dion, M., 2012. Are ethical theories relevant for ethical leadership?.Leadership Organization Development Journal,33(1), pp.4-24. Garriga, E. and Mel, D., 2004. Corporate social responsibility theories: Mapping the territory.Journal of business ethics,53(1), pp.51-71. Henik, E., 2015. Understanding whistle-blowing: A set-theoretic approach.Journal of Business Research,68(2), pp.442-450. Johnson, M.W., Christensen, C.M. and Kagermann, H., 2008. Reinventing your business model.Harvard business review,86(12), pp.57-68. Melden, A., 2013.Ethical theories. Read Books Ltd. Miceli, M.P., Near, J.P. and Dworkin, T.M., 2013.Whistle-blowing in organizations. Psychology Press. Newton, M.T., 2017. A Comparison of Ethical Theories. Osterwalder, A. and Pigneur, Y., 2010.Business model generation: a handbook for visionaries, game changers, and challengers. John Wiley Sons. Week, B., 2000. Knowledge management and new organization forms: A framework for business model innovation.Knowledge management and virtual organizations,2(1), pp.13-27. Zott, C. and Amit, R., 2010. Business model design: an activity system perspective.Long range planning,43(2), pp.216-226.

Bronfenbrenner/ Baumrind Parenting Styles Essay Example

Bronfenbrenner/ Baumrind Parenting Styles Paper Microsystem A system which is closest to the person and the one in which they have direct contact with (immediate relationships and activities). Mesosystem The interactions/relationships between the different parts of a persons microsystem. Exosystem a setting that does not involve the person as an active participant, but still affects them (Larger social settings such as communities). Macrosystem The cultural environment in which the person lives and all other systems that affect them. (Culture) Bioecologial Theory Theory describing the nested social and cultured contexts that shape development Authoritative Parenting High in Warmth but exerts firm control Authoritative Parenting This type monitors children closely, setting clear standards and communicating high expectations for behaviour. They are rational and supportive in their approach to discipline, and are willing to negotiate in disciplinary matters. Authoritative Parenting Often produce independent children. Authoritarian Parenting High in control and low in warmth and responsiveness. Discipline can be harsh and punitive. Authoritarian Parenting This type sets firm limits and expect their children to follow orders. They often have a because I said so kind of attitude. Authoritarian Parenting Often produce antisocial children who are not independent. Permissive/Indulgent Parenting This type is warm but they have little control over their children. Permissive/Indulgent Parenting This type of parenting has very few rules or consequences for their children. They also see themselves of more of a resource than a role model. Permissive/Indulgent Parenting Often produce spoiled children and the children are often more impulsive and prone to drug use. Neglectful-Rejecting Parenting Low in warmth and control (uninvolved) Neglectful-Rejecting Parenting This parenting style puts very little effort in and they take care of their own needs first. Often these parents have significant problems of their own, which limit or inhibit their ability to meet the needs of their children. Often these parents are depressed or battling with an addiction. Neglectful-Rejecting Parenting Children are more prone to antisocial behaviours when presented with this parenting style.