Mahatma Gandhis Leadership Styles - 1655 Words

INTRODUCTION Leadership is about casting a vision and allowing it to seep into others so that they follow the lead. Mahatma Gandhi is a world renowned leader who was a politician, a writer, an intellectual and a gifted orator. I find it incredible that as a young boy, Gandhi did not display any leadership qualities. He was a below average student (lack-luster) and very shy. His remarkable metamorphosis from a dull boy to a brilliant leader attests to the fact that good leaders are made. He has inspired and motivated great leaders such as Albert Einstein, Nelson Mandela and Barack Obama. Gandhi championed passionately for four main causes: India’s independence from Great Britain, Hindu – Muslim unity, the causes of the poor and equality and†¦show more content†¦I marvel at his ability to inspire and influence masses and his modesty and sobriety despite wielding massive influence. His epic moment and the most successful campaign against the British was the salt march when tho usands of followers joined him on a 400 km march. RELATIONS - ORIENTED / PEOPLE-CENTRIC To be a good leader, one needs to have soft skills in order be to construct bridges of empathy with people. Gandhi had a knack for knowing the issues that were affecting his followers and he always struck a significant cord that resonated with them. I think his versatility is reflected in the fact that he could appeal to the intellectuals as well as the common man. He had a solid value system from which all of his activities sprang. He also had a totally interdependent relationship with his followers. Gandhi’s humility and genuine care for his opponents as well as his followers meant that virtually everyone Gandhi met had an emotional response to the man and his actions. He took the causes for the poor and made them his own campaigns. For example, he championed for the rights of farmers, led a mill workers strike, campaigned against unfair taxes, sought to bring fair treatment to people in South Africa and campaigned against the repealing of the Salt Tax and Indian Independence itself. He believed that poverty was the worst form of violence. I am amazed at the manner in which Gandhi used fasting as a tool to reconcile quarreling parties. At the frailShow MoreRelatedLeadership Ethics : Martin Luther King, Mahatma Gandhi And Jack Welch933 Words   |  4 Pagesthat there is no single formula for leadership, and it will be best understood from multiple perspectives (Shriberg and Shriberg, 2011). We also accept the fact that every leader leads differently. Our team has chosen three exemplary leaders of all time – Martin Luther King, Mahatma Gandhi and Jack Welch. Each one of them has exhibited a great amount of leadership skills and up to this day are used as examples in our current globalised economics. Their leadership has shaped countries and their influenceRead MoreMahatma Gandhi Research Paper1564 Words   |  7 PagesMahatma Gandhi Aroused by the massacre of Amritsar in 1919, Gandhi devoted his life to gaining India’s independence from Great Britain. As the dominant figure used his persuasive philosophy of non-violent confrontation, he inspired political activists with many persuasions throughout the world (Andrews 23). Not only was Mahatma Gandhi a great peacemaker, but also his work to achieve freedom and equality for all people was greatly acknowledged. Gandhi’s unconventional style of leadership gainedRead MoreMahatma Gandhi : A Leader Of India s Independence Movement1230 Words   |  5 PagesMahatma Gandhi was a primary leader of India’s independence movement and also the architect of a form of non-violent civil disobedience that influenced the world. Mahatma Gandhi was born on October 2nd, 1869 in Porbandar, Kathiawar, India, which was then apart of the British Empire. He was assassinated on January 30, 1948. His father, Karamchand Ghandi served as a chief minister and his mother P utlibai was deeply religious. Gandhi grew up worshipping the Hindu god Vishnu and followed Jainism, aRead MoreMahatma Gandhi, An Inspirational And Non Violent Leader Essay1425 Words   |  6 PagesMahatma Gandhi was an inspirational and non-violent leader who was instrumental in both South Africa and India during their social movements. He is now known as an international symbol of piece and human rights. Business academics throughout the world have also praised Gandhi as a pioneer of non-violent activism contributing his methods to the theory of transformational leadership. He showcases a multitude of characteristics, which couldn’t be contextualized through various management and organizationalRead MoreLeadership Styles : Nelson Mandela And Mahatma Gandhi s Peace Movement1209 Words   |  5 PagesUnderstanding the power of two historical leaders using different leadership styles offers a foundation and direction that can be used in future conflicts to evolve positive ch ange. Nelson Mandela and Mahatma Gandhi exemplified to the world that when disharmony shows its ugly face, there can be other ways to fight for change. Mandela’s efforts in the South African Apartheid beginning in 1948 and ending in 1994, chose forceful recognition while Gandhi working in the Peace Movement beginning in 1893Read MoreMohandas Gandhi : A Of Gandhi s Leadership Essay1778 Words   |  8 PagesMohandas to Mahatma: A Glimpse of Gandhi’s Leadership Justin Hussey Western Kentucky University Mohandas to Mahatma: A Glimpse of Gandhi’s Leadership Mohandas K. Gandhi was born and raised in Porbandar, India on October 2, 1869 into a family of a privileged caste (Gandhi Desai, 1927). He was raised by a father who was the Chief Minister of Porbandar and a mother of great devotion to the Hindu religion, and he was given thorough educational opportunity, which led to his attainmentRead MoreLeadership Is A Crucial Part Of Life898 Words   |  4 PagesLeadership is a crucial part of life. Without leaders the world would probably fall apart. People need leaders to follow and to set an example for them. Leaders step up and stand up for what they believe in. They can be men or women and even children. Leaders can be found in every country, state, and city. They are located around the world, but not all leaders are good, effective leaders. There are leaders that abuse their power. However, there are also selfless leaders who truly make an impact onRead MoreGandhi : The Situational Leader3106 Words   |  13 Pages Gandhi: The Situational Leader Akanksha Jolly ESLI â€Æ' Gandhi: The Situational Leader According to Burns(1978) â€Å"Leadership is the reciprocal process of mobilizing by persons with certain motives and values, various economic, political, and other resources, in a context of competition and conflict, in order to realize goals independently or mutually held by both leaders and followers† (p. 425). Leaders often find themselves in violent situations, and many of them are unsure of how toRead MoreThe Assassination Of Mahatma Gandhi1912 Words   |  8 Pages Synthesis Essay- Mahatma Gandhi MSgt Tiffany J. Jones Air Force Senior Noncommissioned Officer Academy Mahatma Gandhi 504. 240. 2,555. 6. The number 504 represents the hours spent fasting in hunger strikes against racial injustice. The number 240 represents miles journeyed in protest against unjust taxes. The number 2,555 represents the number of days in prison for civil disobedience. The number 6 represents the number of assassination attempts made. What do those numbersRead MoreMahatma Gandhi : The Hero Of The Indian Independence Struggle1723 Words   |  7 PagesMahatma Gandhi, the hero of the Indian Independence struggle, was the architect of a form of non-violent civil disobedience that would influence the world. Mahatma Gandhi studied both law and religion and advocated for the civil rights of Indians, both at home under British rule and in South Africa. Gandhi became a leader of India’s independence movement, organizing boycotts against British institutions in peaceful forms of civil disobedience Born on October 2, 1869, in Porbandar, India, Gandhi grew

What Is Greed Free Essays

string(119) " he might not have been defeated by the allies at all, it was his greed that led to not only his bus his regimes fall\." When Does Greed Become Too Much? In 2008, employees within a failing firm on Wall Street were given $16 billion in bonuses. That seems outrageous, doesn’t it? Anger was the response of the American people indefinitely. However, if they had done further research they would have realized that the $16 billion in bonuses was merely half of what the company gave out in bonuses during good times. We will write a custom essay sample on What Is Greed? or any similar topic only for you Order Now Many of the reporters telling the story discussed the issue of rewarding the greed of the employees with taxpayer money. Which brings us to the question, what exactly is greed? If they would have earned more before, they are expecting the amount that is coming. It is not greed if every year before that the money had been guaranteed, is it? The Merriam-Webster dictionary defines greed as, â€Å"a selfish and excessive desire for more of something than is needed. † ________________________________________________________________________ The word greed dates back to the 1200-1300’s, where in France it came from the word avarus meaning greedy which was a form of avere meaning to crave or long for. Coming from the word avarus was avaritia which meant just greed and from that word came avarice which meant greed or covetousness (Harper, 1). Covetousness is defined as an envious eagerness to possess something(Merriam-Webster, 2). Greed from the 1600’s to present is a back formation of the word greedy which has many routes and definitions. The West Saxon word graedig or the Anglican word gredig both meant voracious or covetous (Harper, 1). Voracious is defined as wanting to devour great quantities or having a very eager approach to an activity (Merriam Webster). From the Proto-Germanic language were the words graedagaz and graeduz meaning greed and hunger; possibly from the Proto-Indo-European root gher- meaning to want or in Scotland grdh- to be greedy. The origin that the people against the Wall Street bonuses would appreciate the most would be the one from the Greek word phyilargyros meaning â€Å"money-loving† and also the German word for greedy, habsuchtig coming from haben meaning â€Å"to have† +sucht meaning â€Å"sickness, disease† (Harper, 1). The last one is the most interesting because it is suggesting that greed is something than can come and go with the right or wrong stimulants, like a sickness does. What then would one need to do to boost their immune system against this greed? Or is greed something impossible for people to avoid? From the etymology we have found that greed can be related to hunger and envy and the want to have more and more, were these definitions consistent in their use over time? In order to better understand what greed really is we need to take a moment to look back at the history of greed and how often it has occurred throughout the world. In 1527 A. D. the Spaniards had sailed across the Atlantic Ocean and come across the empire of the Incas. They were on their way to the New World and they came across a raft with a crew of approximately 20 men along with many treasures. After catching a glimpse of the treasure on the raft, the greed of the Spaniards welled up until they decided to conduct an expedition to conquer the Incas’ empire. After many years of getting a crew and resources for this expedition the Spaniards finally headed into the Incas Empire in 1532 A. D. ; fortunately the conquering of the empire was easier due to the civil war of the Incas. The Spaniards took the Incas emperor hostage and in return were offered a room of silver and gold as his ransom. The Spaniards greed continued to get bigger and they took the contents of the room, but did not return the emperor, but instead killed him. The Incan people then revolted under the Spanish control (History World, 1). If the Spaniards and not been so greedy in their desire to take over the empire maybe they could have won over the people as their own; instead they were driven by greed and one man even named them thieves of the Incan people. Mansio Serra Leguizamon, the last conquistador, said: â€Å"I wish your Your Majesty to understand the motive that moves me to make this statement is the peace of my conscience and because of the guilt I share. For we have destroyed by our evil behavior such a government as was enjoyed by these natives. They were so free of crime and greed, both men and women, that they could leave gold or silver worth a hundred thousand pesos in their open house. So that when they discovered that we were thieves and men who sought to force their wives and daughters to commit sin with them, they despised us. Instances similar to that of the Spaniards and the Incas repeated themselves multiple times throughout history. From the land greed of the Europeans against the people of Africa to the land greed of the Americans against the Native Indians, those nations that progress seem to demonstrate an intense level of greed in order to get to the top. However, while this greed in particular led to the succ ess of those nations demonstrating it there have also been examples where it led to the demise of a dictator or of a group as a whole. For example, Adolf Hitler had already defeated the majority of his European enemies, the last being Great Britain. Hitler had signed a pact two years prior stating that he would not wage war on them, causing the nations to not have armed themselves. Hitler’s decision to break this agreement could only be motivated by his greed to dominate all the other countries; even if Great Britain was ten times the size of his empire. While Nazi Germany had the most powerful military at the time they were not used to the cold weather and were soon overcome by the Soviet Union troops. If Hitler had simply left the Soviet Union alone he might not have been defeated by the allies at all, it was his greed that led to not only his bus his regimes fall. You read "What Is Greed?" in category "Papers" Other examples of the fall of entire nations due to greed include the fall of the Roman Empire and the fall of Ancient Greece. A large group of historians have come to the conclusion that the majority of progress in the world is a result of the greed of more powerful nations to become even more powerful. This system is good for those progressing and bad for the smaller, less developed nations who are being taken over. Whether or not greed is moral in this aspect is another argument, but the definition of greed stated previously is most definitely applicable to these historical examples. In the example of the Spaniards and Incas it is greed because the Spaniards already had their own empire across the ocean, however they were driven by the want of more land and of the treasure of the Incas to continue on and take more than was necessary for the nation to survive. Again it seemed unnecessary for the Europeans and the Americans to take the land of the Africans and Native Indians when they already had land elsewhere, it was an unnecessary conquest. In the example of Hitler attacking the Soviet Union, it was greed because he already had a pact with them to be at peace and he broke it because he wanted more. It was not necessary for him to attack the Soviet Union but he did due to greed and the consequence of this was the demise of his regime; the same fall similar to that of the Roman Empire and Ancient Greece. It seems that throughout history the people’s perception of what greed is has remained in line to the definition from the Merriam-Webster Dictionary and this definition is consistent to the past of he word greed, just more detailed than previous definitions. It looks as though there is no way for people to avoid being greedy in its completion, whether it be wanting more candy than you need at Halloween (which was all of us at some point, I’m sure) or wanting extreme amounts of money to be paid to you from work†¦everyone has demonstrated a greedy behavior at least once in their life. This brings about th e question, is there a point to where greed becomes too overwhelming? By this I simply mean that you are not likely to hate a three year old dressed in a cowboy costume for asking for more candy when they already have a full bag on Halloween, but you might hate someone who already makes $50,000 to $100,000 a year and is receiving a bonus on top of this pay†¦when their company is failing and is being paid by bail out consisting of your tax payers dollars. Is the three year old just as guilty as the Wall Street firm employee? Most people would say no, the three year old is too young to really understand what greed is. Okay, so what about a six year old or an eight year old or a twelve year old†¦at what age does it become socially unacceptable to act in a greedy fashion? Let’s look at another comparison, but this time between people of an older age group. It’s a bright, sunny day in the city and a married couple is walking down the street when they look down and find an a hundred dollar bill. Instantly the man jumps for joy because he can finally afford some football paraphernalia he had been saving up money on the side for. The husband didn’t even think to ask the wife what she thought they should do with the money. Most people would dismiss this and say, â€Å"Oh, it’s just a hundred dollars for football stuff. Let the man be. † What if the same man worked for AIG and received a ridiculous paycheck and was asking for a bigger bonus at Christmas time to buy football paraphernalia? What’s the difference? It’s still the same man using extra or â€Å"bonus† money to buy the same football paraphernalia, but people tend to freak out when the money is coming from a company that already pays exorbitant amounts for the annual salary and then they give out a bonus in addition to this. According to the definition of greed presented by the Merriam-Webster Dictionary, â€Å" a selfish and excessive desire for more of something than is needed,† both men are acting greedy. Both men from the examples are definitely presenting a selfish desire because they are going to use the extra money for themselves and football paraphernalia isn’t necessarily a necessity in everyday life. The issue of greed, similar to that of justice, seems to find its way back to jealousy and morals. What people consider too much greed depends on their view of right and wrong, and how many possessions or how much money they personally have. We may not want to admit this because we think that we have the ability to separate ourselves and judge independently, but the reality is that the majority of people are not able to do this. Sure, they may be able to present a definition-correct response and say that the three year old has bad character and is too greedy, but most people would look over the actions of a mere three year old. They may be able to say that the AIG employee is unable to determine the fate of the economy and has worked hard and deserves the bonus and should be able to do what he wants with it, but deep down they’re jealous of their higher situation and wonder if the AIG employee really deserves such high amounts of money for what they do. As a result of jealousy people tend to claim that others demonstrate too much greed. However if they looked at their own life on a day to day basis would they see that they have been greedy on smaller but much more frequent scales in comparison to the one major instance of the AIG employee? Who is anyone to judge who is too greedy when even the smallest acts of greed are still a greedy action? Maybe everyone is equally corrupt by greed but only large monetary instances are brought into the media in our society. Have we answered the initial question, when does greed become too much? Yes, we have. The common view of people today is that greed is not too much when it is a child asking for more candy on Halloween but it is too much when it is an employee receiving a $16 billion bonus. This can be simplified or abstracted into greed becomes too much when it reaches a larger, noticeable scale. In other words, greed is too much when someone is striving for something less than 10% of the population will attain. If the population had no lower class it was simply middle and higher classes, there would be more people in the higher class and therefore fewer would find greed present because it would seem more attainable. Greed is determined on the basis of what is attainable to the majority of people. Works Cited Merriam-Webster Inc. Merriam-Webster. Merriam-Webster, n. d. Web. 15 Oct. 2012. http://www. merriam-webster. com/. Harper, Douglas. â€Å"Online Etymology Dictionary. † Online Etymology Dictionary. N. p. , 2001. Web. 08 Oct. 2012. http://www. etymonline. com/index. php? search=greed. â€Å"HISTORY OF THE SPANISH EMPIRE. † HISTORY OF THE SPANISH EMPIRE. N. p. , n. d. Web. 08 Oct. 2012. http://www. historyworld. net/wrldhis/PlainTextHistories. asp? groupid=1735. Merriam-Webster Inc. â€Å"Greed. † Merriam-Webster. Merriam-Webster, n. d. Web. 08 Oct. 2012. http://www. merriam-webster. com/dictionary/greed. â€Å"AIG Bonus Payments Controversy. † Wikipedia. Wikimedia Foundation, 10 Apr. 2012. Web. 10 Oct. 2012. http://en. wikipedia. org/wiki/AIG_bonus_payments_controversy. How to cite What Is Greed?, Papers

Julies Biscuit free essay sample

The factory back then was small, operating a single oven line. In early 1984, two brothers, Sai Ah Sai and Sai Chin Hock, were invited to take over the factory as major shareholders. Sai Chin Hocks vision played an important role in the development of the company. He purchased a second oven line in 1989, a third in 1991 and a fourth in 2004. Before the participation of the Sai brothers, the companys biscuits were marketed through wholesalers. In 1985, Markins Corporation was appointed the sole distributor in the state of Johor. Gradually, over a period of six years, Markins grew and expanded to eight branches throughout peninsular Malaysia. In the first few years of Perfect Foods operations, it sold biscuits with no brand name other than the companys own. Then in 1987, Perfect Food began to market its biscuits under the brand name Julies. As a relatively new biscuit manufacturer, Perfect Food faced some resistance from supermarkets in carrying its products. We will write a custom essay sample on Julies Biscuit or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page However through persistence and constant sampling exercises with the now popular Peanut Butter Sandwich, Julies earned its first supermarket entry at Pakson Grand, Johor Bahru in 1988. The following year, Julies Love Letters (wafer rolls) gained popularity (also through regular sampling exercises) and soon made their way to become the most sought-after biscuits during festive seasons, particularly Chinese New Year. To expand the opportunity of widening its brand presence in European markets and Wal-Mart outlets, Perfect Food underwent further factory upgrading in late 2005 and was awarded the British Retail Consortium food standard certification in June 2006. Also, in early 2006, Perfect Food was awarded the Industry Excellence Award 2005 by the Ministry of International Trades and Industries. In 2003, Markins revamped its distribution network and reduced to six branches. By then it had covered more than 10,000 outlets of the modern and general trade. Now it has its name changed to Julies Marketing with six branches and four sub-branches. Extracted from http://www. julies. com. my/corporateInfo1. php OUR VISION Our  Vision  is to be the leading quality biscuit manufacturer. We are confident that the quality of Julie’s biscuits matches, and in some cases better than many major renowned international brands. As such, we envisage â€Å"Julie’s† to be one of the leading brands in the international arena, in the near future. OUR MISSION Our  Mission  is to constantly upgrade our baking technology and improve the quality of our products so that we will always remain ahead of our competitors. We invest in contemporary high-speed equipment, upgraded our ovens and introduced new packaging to satisfy the various needs of the consumers. Extracted from   In rapidly developing Malaysia, the demand for better quality biscuits is on the rise. Julie’s Peanut Butter Sandwich and Love Letters (wafer rolls) are well received by Malaysians as well as overseas consumers. Julie’s has become a household name in the relatively short period. Since 2005, Julie’s biscuits have been exported to more than 50 countries, including Asean, the Middle East, Japan, Taiwan, China, Mongolia, Bhutan, Nepal, Bangladesh, India, France, Spain, Portugal, Pacific islands, Indian Ocean islands, South Korea, Africa, the US, Canada, New Zealand and Australia. In Malaysia, Julie’s biscuits are widely distributed through all major hypermarkets, supermarkets, mini markets and other retail outlets. With the goal of becoming a renowned international brand, Julie’s maintains a strong  commitment to producing better quality biscuits, catering primarily to the middle and upper class consumers. With this focused commitment, Julie’s aims to be a regional leader in quality biscuits. Extracted from http://www. julies. com. my/corporateInfo4. php

Toni Cade Bambaras The Lesson Essays - The Lesson, Toni Cade Bambara

Toni Cade Bambara's The Lesson Essay on The Lesson by Toni Cade Bambara Toni Cade Bambara's The Lesson is a very well written piece of history. This is a story from yesterday, when Harlem children didn't have good education or the money to spring for it. Bambara's tale tells about a little girl who doesn't really know how to take it when a good teacher finally does come along. This girl's whole life is within the poverty stricken area and she doesn't see why she must try hard. The teacher, Miss Moore, shows them what it is all about by taking them to a rich toy store, one in which a single toy costs more than year's supply of food. We immediately learn that Miss Moore is not the average Harlem teacher. She is educated herself, along with being very opinionated. The children explain that she has nappy hair and no makeup, probably signifying that she was a part of the African American movement. Miss Moore was more than arithmetic and spelling. She attempted to teach the children about life and politics as well. In a way the children were innocent before Mi ss Moore came along. They thought that everyone else old, stupid, young, or foolish- while the children were perfect. Miss Moore showed them what they truly were- and why education was so important. The first thing learned is that poverty is a way of life for these children. Although they know they are poor, it doesn't bother them because everyone there is poor. It's okay to be without when there isn't any competition. An example of this is seen when the children talk of their study areas at home. Only one of them actually have a desk and paper, and the others think nothing of it. Instead they tell her to shut up about it. The children are proud of themselves and of their life. Miss Moore finally leads the kids to the toy store. The are immediately dazzled by the toys in the windows; even declaring which ones they were gonna buy. The children seemed to know they couldn't afford the toys, but they didn't think they would be off by much. The once brave and proud and strong children we re hobbled at the door, none of which wanting to go in first. Here is the point where they get slapped in the face. Here is where they first see that they do not belong here. Eventually one of them pushes through the crowd and throws herself into the gallery of toys. They go around gazing at the different objects. Miss Moore drives the point home by leading them to the fact that one toy costs as much as their family eats in a year. In the end they feel like fighting for more than they have. One thing that pulls the reader deeply into the story is the narration. It is told through the eye's of a little Harlem girl. She thinks she is tough and mean but the reader sees she is not by reading between the lines. The best part of the narration is the voice. The lines that are read are in the dialect of the girl. This gives the voice a poetic rhythm that keeps the story flowing. With out slang the story would lose a lot of it's heart. Theater Essays

Free Essays on I Wandered Lonely As A Cloud

like the gentle flower that he is describing. He mentions that the daffodils are â€Å"fluttering† â€Å"dancing â€Å" and â€Å"twinkling,† such terms make the lines flow with a musical eloquence. He is able to make the daffodils come to life in a joyous movement making me feel like I am also swaying along with the flowers. We can see that he holds daffodils and nature in high regard. This poem has a lot of nature images that you can practically see: the trees, the water, the stars, and the daffodils. His tone is merry and flows quickly and nicely. It's like he is creating a painting not a poem. The images around him all seem to be in harmony, and, like he says, "dance" together. The extent of his joy is when he is among the daffodils, but the greater experience he seems to gain is the recollection of that moment of tranquility while with that "jocund company." The cloud he mentions is used not to represent loneliness, bu... Free Essays on I Wandered Lonely As A Cloud Free Essays on I Wandered Lonely As A Cloud William Wordsworth is a famous Romantic English poet known for his imagery. In his poem "I wandered lonely as a cloud," we can see his use of imagery and emotion at its best. This also happens to be one of my favorite poems. This poem's plot is simple. We the reader are being taken along for a magical trip that the author is recounting. The speaker says that while wandering like a cloud floating above hills and valleys he encounters a field of daffodils beside a lake. These dancing, fluttering flowers caught the heart of our speaker. We can obviously see that this moment in his life has meant a great deal to him. He says that a poet could not help but be happy in such a joyful company of flowers. He also says whenever he feels "vacant" or "pensive" the memory flashes upon "that inward eye / That is the bliss of solitude," and his heart fills with pleasure "and dances with the daffodils." The imagery Wordsworth uses is very powerful, making me feel like I too saw this wonderful sight of daffodils. He uses gentle words like the gentle flower that he is describing. He mentions that the daffodils are â€Å"fluttering† â€Å"dancing â€Å" and â€Å"twinkling,† such terms make the lines flow with a musical eloquence. He is able to make the daffodils come to life in a joyous movement making me feel like I am also swaying along with the flowers. We can see that he holds daffodils and nature in high regard. This poem has a lot of nature images that you can practically see: the trees, the water, the stars, and the daffodils. His tone is merry and flows quickly and nicely. It's like he is creating a painting not a poem. The images around him all seem to be in harmony, and, like he says, "dance" together. The extent of his joy is when he is among the daffodils, but the greater experience he seems to gain is the recollection of that moment of tranquility while with that "jocund company." The cloud he mentions is used not to represent loneliness, bu...

Btn 7 - Geiger

BTN 7-4 – Page 312 TO: Wendy Geiger DATE: June 19, 2011 SUBJECT: Manual Accounting Modifications for Expanded Business M E M O R A N D U M This memo is to advise you of the best possible ways for you to modify your current manual accounting system to accommodate the expanded business activities for your retail store. Pursuant to our conversation, you generally obtain your goods on credit using purchase orders, and your sales are primarily cash. You currently keep your manual accounting system using a general journal and a general ledger, and you make one summary entry for cash sales at the end of each business day. Due to increased demand for your products and higher sales volume, including credit sales, maintaining the accounting records has become time consuming, but you would like to continue with your manual system. Allow me to provide pertinent information that will assist you in continuing your manual system in the most efficient way. The accounting information system is one that collects and processes relevant data from transactions, and organizes them into relevant reports. This system is also used to report and record the exchange of goods and/or services. It is critical for you to understand how and what transactions are occurring in your business. A small business like yours can be effective with a manual process and with the use of special journals and subsidiary ledgers. With the issues you mentioned in mind, most of your transactions can be categorized into the special journals with the use of four individual journals to complement the general journal you are currently using. Special journals are used to record and post transactions, and are uniquely designed for each business, but for most merchandising companies, the journals used are sales journals, for recording sales on credit; cash receipts journals, to record sales made by cash; purchases journals, for recording goods obtained on credit; and cash disbursements journals, for recording payments made by cash. You are also able to use this format for your ledger. In order to understand special journals, it is necessary for you to understand that a subsidiary ledger is a list of detailed information on specific accounts of individuals with some commonality in the general ledger. One critical ledger is Accounts Receivable, which stores transactions of individual customers. This ledger will give relevant information on the individual customer, the date of purchase, the amount paid, and the amount owed. The other important ledger is Accounts Payable, which stores relevant data of individual suppliers. You would generate this ledger with similar information gleaned from my instructions regarding the Accounts Receivable ledger. These two ledgers are critical for recording your data, and they eliminate the need for posting same in the general ledger. The numbers at the bottom indicate the respective accounts delineated in your Chart of Accounts. You are already summarizing each cash sales at the end of each business day, but my advice would be for you to continue recording the daily sales and purchases because it is necessary for you to balance your subsidiary ledger with your general ledger. Daily reconciliation will enable you to track any and all discrepancies more easily. Total your sales journal accounts at the end of each month and this amount should be the amount in the debit column in the Accounts Receivable. Regarding the last column, you will find more consistency in your inventory system if you follow this procedure. I cannot stress the importance of proving the account balances in the general ledger and subsidiary ledgers periodically for accuracy after posting. You will first prepare a trial balance of the general ledger and confirm that all your debits are in balance with your credits. Additionally, Prepare a schedule of individual accounts and amounts. This is referred to as testing the subsidiary ledger. Generate a schedule of your customers accounts to show the balance owed. If everything balances, the accounts are assumed correct. This method of accounting information system might seem challenging to you at first, but I assure you that this is the most advantageous way for you to maintain your manual system. It is imperative you balance your journals and ledgers every day, without fail, to avoid any unnecessary discrepancies. The example I have provided should be a head start and I am always available if you need additional information, or if I can be of further

Case Study Example | Topics and Well Written Essays - 750 words - 1

Case Study Example While this move is anticipated to benefit China’s trading partners, since they will be in a position to reap the benefit of a flexible currency exchange rate, which includes increasing the value of their exports to China, there is some dissent view amongst some economists, that doing that will have a negative implication on China and consequently on its trading partners (Alfaro and Tella, 7). On the event that China would make its currency exchange rate more flexible, a high rate of deflation will be experienced in China, which would result to economic decline. This is because; making the exchange rate flexible would mean that the Chinese currency will lose some value relative to other currencies, such as the US dollar. This would mean that the cost of doing business in china will increase, since the multinational corporations and other foreign investments to china will be force to cater for the cost of increased inflation. This might result to having most of the foreign inves tments or the multinational companies moving out of the Chinese market, and seeking to invest in other countries, where the cost of doing business will be relatively lower (Alfaro and Tella, 18). ... The Chinese economy operated under the principles of communism, until reforms were introduced to make it a socialist economy, with private ownership of property and increased reforms in agriculture, state-owned enterprises, banking sector, trade and foreign investment policies, which saw China increase its GDP growth by 9.5% annually, and increase its trade from 10% of GDP to 79% of GDP between 1978 to 2004 (Alfaro and Tella, 15). The most significant change was in foreign investment policies, where China pursued policies that allowed for high foreign investment, resulting to having 50% of Chinas exports being produced by foreign investors by 2004 (Alfaro and Tella, 16). China pursued foreign direct investment into its economy more than borrowing loans, an aspect that saw the FDI account for more than 70% of its capital inflow in the early 2000s. However, the pressure of investment into china reached to a position of imbalance with the household consumption, prompting the Chinese gov ernment to slow down its pursuit for investment, to encourage household consumptions, so that the pressures of investment and consumption would level off. Thus, as opposed to focusing on revaluing the exchange rates, the Chinese government started focusing on domestic policies that would enhance consumption starting 2005 (Alfaro and Tella, 22). Both the domestic policy and the exchange rate revaluation have the impact of increasing deflationary pressure, while increasing the cost of doing business for foreign investors. This calls for a further adjustment to such businesses, which may include increasing their sales in China to cover up for the increased costs, or shifting their businesses to other countries which have less cost of doing business. Therefore, as much as there