Bernini s Sculpture, The Ecstasy Of St. Teresa And...

The Baroque period saw many influential artists and sculptors, however, for the purpose of this assignment I am going to reflect on the works of Bernini and Caravaggio. Bernini’s sculpture, The Ecstasy of St. Teresa and Caravaggio’s painting, the Crucifixion of St. Peter will be what I am going to discuss. Both artists rose to prominence during the Baroque era by employing the artistic techniques unique to the era and playing into the vast influence the Catholic Church held over creativity of this period. Baroque style can be recognized through its use of vibrant colors, exaggerated movement and with a distortion of traditional shapes. With a countenance that emphasizes theatricality over conservatism, The Baroque style is a direct result of the Catholic reformation that originated in Italy. The Roman Catholic Church suffered the loss of many believers to the new Protestant movement that was jettisoned into motion by Martin Luther’s Theses’. In response to this the Roman Catholics launched the Counter-Reformation spearheaded by the Baroque style. The Baroque style began as a Catholic Revolution and eventually became a movement that carried the same influential power that ignited it. The Baroque period served a duel purpose as both a method of spreading Catholicism and a protest of sorts in response to the idealism and formality of the Renaissance. The Catholic Church was the absolute authority over what was considered acceptable art. Consequently, to be profitable, the bestShow MoreRelatedBaroque Art : Baroque Renaissance1256 Words   |  6 Pagesthe idealism of the Renaissance during the 1400-1530’s and the Mannerism of the 1530-1600’s Baroque art found itself as the dominant style of art during the decade of the 1600-1700’s. The term Baroque derives from the Portuguese ‘barocco’ term, or irregular peal or stone – It describes a fairly complex idiom which originated in Rome and became popular during the time period in which Baroque art was prominent which embraced painting, sculpture and architecture. The Baroque style quite nicely reflectedRead MoreEssay on Howard Hibbards quot;Caravaggioquot;1886 Words   |  8 Page sHoward Hibbards Caravaggio is an insightful look into the troubled mind and life of one of the most discussed artists of all time, Michelangelo Merisi da Caravaggio. nbsp;Hibbard immediately expands on his belief that Caravaggio is the most important Italian painter of the entire seventeenth century. nbsp;Furthermore, his paintings speak to us more personally and more poignantly than any others of the time. nbsp;Caravaggio is an artist whose life was far different from all other contemporaryRead MoreJohn Rupert Martins quot;Baroquequot; Essay1140 Words   |  5 PagesCarracci and supported by other artists such as Caravaggio. nbsp;Still, out of all of the artists of the time, Martin believed that Carracci was the one who rescued painting from its sorry plight. nbsp;Martin believed that Caravaggio was a great naturalist during the Baroque and he contributed to the trend of the time. nbsp;Caravaggios chiaroscuro throughout most of his works enabled him to further the idea of realism . nbsp;Still, Caravaggio is able to maintain his own individualism and style

Nanotechnology in Sports Science and Equipment in China Free Essays

CAES 2802 essay Nanotechnology in sports science and equipment in China Have you ever wondered why the tennis racket you are using is so flexible yet durable to withstand the force of swings? Or why does that tight vest you are wearing seem so thin yet provide excellent protection and warmth even in the coldest weather? Nanotechnology has been a rapidly advancing technology in the preceding decade, and is expected to be growing enormously in various aspects in the coming future. The potential of nano-tech extends far, and gives promising results in sciences and medicine, and of course, the many sports equipment we are currently using. What is nano-tech? All matters are made up of tiny particles, called atoms, and their properties are directly determined by these small particles, their strength, colours, textures†¦ Nanotechnology is a science which aims at directly making products in that atomic level, and therefore, we can directly decide what properties of that material we want. We will write a custom essay sample on Nanotechnology in Sports Science and Equipment in China or any similar topic only for you Order Now For example, we want a light and strong material to make our sports rackets, and we found that carbon is the best building blocks and we invented many different kinds of materials, including carbon nanotube we always hear about. And these are collectively known as nanomaterial. Numerous researches have been conducted in both China and Hong Kong. China government has invested large amount of funds into the field of nano technology. Since 1999, China’s spending on  research and development  (R;D) has gone up by more than 20% each year and a further funding of ? 12 billion has been invested in 20121. And over 30,863 patents on nano technology was established since 2008 and the number of nanotechnology related science publications in China has ranked second in the world, surpassed only by the USA2. These statistics all showed that China is closing gap between frontier countries and determined to have a large chuck of profit from this big cake. Back to the science itself, nanomaterial has been used on different sports equipment. For example, the tennis racket Roger Federer using is made with nano-titanium oxide, a very strong and light material, inside a matrix of carbon fiber composite3. This makes their tennis racket extremely light and durable. What properties of nanomaterial constitute to these favourable characters? Most materials’ properties are governed by how the atoms align themselves within the material, we call it the matrix. Normal materials will have dislocations among those aligned atoms and may result in weaknesses, however, nanomaterials have their atoms aligned in necklaces form and the boundaries between those â€Å"necklaces† becomes smaller and the material becomes stronger and, since spaces are conserved, lighter as well4. Aside from this principle, scientists have also managed to place small particles within the matrix and making it more compact, for example, YONEX has succeeded in penetrating nano-scale particles between the carbon atoms, resulting in their rackets produced having 30% more strength and 10% more durability3. Despite these advantages, there are still risks of these nanomaterial having negative impacts to people’s health and their safety is yet to be 100% confirmed to be free of harm. Many countries have already passed legislations that regulate the uses of these nanomaterials. The Europe Commission has adopted a so called â€Å"incremental approach†, which aims at using existing legislations to tackle with the problems of the possible risks of nanomaterial5. And after several studies, the European Commission is considering the possibility of â€Å"reexamining and, if necessary lowering the current 1 ton per annum threshold† for engineered nanoparticles (European Commission, Health and Consumer Protection Directorate General, 2004). Furthermore, the Royal Society and Royal Academy of Engineering has suggested that nanomaterials should be treated as a new substance under existing chemicals regulation laws, which state that those newly invented materials should be carefully assessed and classified5. The nanomaterial can be classified into the two types we have mentioned: materials that are nanostructured in bulk, and materials with nanoparticles within. It is the latter type of nanomaterial that is potentially hazardous to human beings. The nano particles, which are not necessarily tightly bound to the material itself, will easily leak out and cause health impact to human beings. Also, many sports equipment, such as baseball bat contains carbon nanotubes and after disposal, may produce toxic gases with tiny carbon particles during waste treatment3. These are all possible ways of nanomaterial imposing harms to our health and should not be overlooked. Meanwhile in China, there is no legislation or regulatory means to assess those hazards from nanomaterial. China has been urged to carry out extensive safety studies and tighten regulation of its thriving nanotechnology industry. Zhao Yuliang, deputy director of the Chinese Academy of Sciences’ National Centre for Nano-science and Technology (NCNST), has stated that â€Å"We certainly don’t want safety issues to become a trade barrier for nano-based products,† he said. â€Å"The main challenge is to tease out what characteristics make some nanoparticles hazardous. † Although China is fast behind those science giants like USA, they still have much more to do before they can be praised as a scientifically advanced country. Meanwhile the USA is spending half of its fund on nanotechnology for safety studies; China only spends a mere 3 percent. And most of the public is unconcerned about this matter, according to a survey conducted by Dalian University6. Nanotechnology is a marvelous science created by mankind, it has promised extensive uses in all kinds of field, and like all other technologies, it has its risks and danger. China, in the future, has much to catch up with, and should bear a more attentive and cautious attitude towards developing this kind of new material. Especially when those products are so widely used in sports, where there are frequent contacts with human beings. Reference List 1. Tom M. China’s giant step into nanotech. The Guardian [Internet]. 2009 [cited 2013 April 19]. Available from: â€Å"http://www. guardian. co. uk/technology/2009/mar/26/nanotechnology-china† 2. Can Huang, Yilin Wu. State-led Technological Development: A Case of China’s Nanotechnology Development. EPIP 2011, Proceedings of The 6th Annual Conference of the EPIP Association, 2011. Brussels, Belgium: EPIP; p. -4 3. Chuyan Li, Xinliang Liu, Sijin Meng, Yanfen Xiao. â€Å"Study on application and biosafety of nano-materials in sports engineering†. IEEE 2011. Proceedings of the 2011 IEEE International Conference on Future Computer Science and Education, 2011. Hong Kong, China: IEEE; p. 1-4 4. Brown University, NanoTechnology: New principle in material science discovered. ScienceDaily [Internet]. 2010 [cited 2013 April 19]. Available f rom : â€Å"http://www. sciencedaily. com/releases/2010/04/100407134817. htm† 5. Antonio Franco, Steffen Foss Hansen, Stig Irving Olsen, Luciano Butti, Limits and prospects of the â€Å"incremental approach† and the European legislation on the management of risks related to nanomaterials, Regulatory Toxicology and Pharmacology, Volume 48, Issue 2, July 2007, Pages 171-183, ISSN 0273-2300, 10. 1016/j. yrtph. 2007. 03. 007. Available from http://www. sciencedirect. com/science/article/pii/S0273230007000372 6. Jane Qiu. Nao-safety Urged in China. Nature [internet] 2012. [cited 2013 April 18]. Available from : â€Å"http://www. nature. com/news/nano-safety-studies-urged-in-china-1. 11437† How to cite Nanotechnology in Sports Science and Equipment in China, Essays

The Art of Glass Painting Essay Example For Students

The Art of Glass Painting Essay How to Do Class Painting from a pattern Tracing Edited by Jeff Hardy, Cased, Teresa, Buddy and 4 others Glass is so beautiful! Paintings too are eyes delight! When glass and paints are combined, they create amazing works of art. The art of glass painting is becoming popular, especially with those who want to decorate their homes with an artistic touch. In fact, it is not very tough to do. You can create a beautiful painting in a day. All you need to do glass painting is a little imagination and patience along with, of ours, certain things like a clean piece of glass (size EX. is sufficient for the first timers). Lass liners, paints, paintbrushes, nail polish remover, and a soft piece of cloth. You dont have to bother yourself in collecting these items. They are all included in the Painting Kits, that are so easily available in the market these days, Even before buying a glass painting kit, youll have to decide what colors are you going to use for making your glass painting, If you ar e a first timer then you must opt for wattbased color and get the beginners kit. We will write a custom essay on The Art of Glass Painting specifically for you for only $16.38 $13.9/page Order now Water-based paints, as impaired to oil based paints, are easier to handle, Steps After getting the piece tot glass and the painting kit, clean the glass so as to get a smooth surface Step I Jpg I After getting the piece of glass and the painting kit, clean the glass so as to get a smooth surface. Ad If you are not going to oven cure your finished painting then you need somewhat rough surface Step 2. Jpg 2 If you are not going to oven cure your finished painting then you need somewhat rough surface. Firing in a kiln can help Oil paints dry and adhere better otherwise paints tend to peel or chip off. This can be countered by roughening up the surface a little With wet or dry sandpaper. Roughing the surface in this manner will help the paint adhere better and last longer. Select a pattern Which has clear outlines With minimum possible curves and pointed corners Step 3. Jpg 3 Select a pattern which has clear outlines with minimum possible curves and pointed corners. Trace the pattern on a piece Of paper which is exactly the size of the glass piece Step 4. Jpg 4 Trace the pattern on a piece of paper which is exactly the size of the glass piece. The pattern should e drawn exactly at the center with at least 1 or 1-1/2 inches margin on all sides, Keep the glass on the patterned piece of paper aligning them perfectly Step S. Jpg 5 Keep the glass on the patterned piece of paper aligning them perfectly. Make outlines tooth pattern on the glass with the help of glass liner Step 6. Jpg 6 Make outlines of the pattern on the glass with the help of glass liner. Use black glass liner tort maximum clarity. These borders help in holding the wet colors within them and avoid spilling of the paints. While doing all these, he careful not to sees up the pattern Step 7. Pig 7 While doing all these, be careful not to mess up the pattern. If, however, it happens, swab the smudged part with cotton-wool dipped into nail polish remover and wipe away with piece of cloth. Leave the pattern to dry up Step jpg 8 Leave the pattern to dry up. It may take anywhere from 2 to 5 hours togged completely dried. It can also be blow dried for quickening the pro cess. Now use the colors to fill in the pattern with nun directional strokes Step 9. Jpg 9 Now use the colors to fill in the pattern With nun-directional strokes. Avoid taking too much of paint or spilling it. .u024e06c33e3a3553ef7c2a75230e0637 , .u024e06c33e3a3553ef7c2a75230e0637 .postImageUrl , .u024e06c33e3a3553ef7c2a75230e0637 .centered-text-area { min-height: 80px; position: relative; } .u024e06c33e3a3553ef7c2a75230e0637 , .u024e06c33e3a3553ef7c2a75230e0637:hover , .u024e06c33e3a3553ef7c2a75230e0637:visited , .u024e06c33e3a3553ef7c2a75230e0637:active { border:0!important; } .u024e06c33e3a3553ef7c2a75230e0637 .clearfix:after { content: ""; display: table; clear: both; } .u024e06c33e3a3553ef7c2a75230e0637 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u024e06c33e3a3553ef7c2a75230e0637:active , .u024e06c33e3a3553ef7c2a75230e0637:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u024e06c33e3a3553ef7c2a75230e0637 .centered-text-area { width: 100%; position: relative ; } .u024e06c33e3a3553ef7c2a75230e0637 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u024e06c33e3a3553ef7c2a75230e0637 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u024e06c33e3a3553ef7c2a75230e0637 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u024e06c33e3a3553ef7c2a75230e0637:hover .ctaButton { background-color: #34495E!important; } .u024e06c33e3a3553ef7c2a75230e0637 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u024e06c33e3a3553ef7c2a75230e0637 .u024e06c33e3a3553ef7c2a75230e0637-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u024e06c33e3a3553ef7c2a75230e0637:after { content: ""; display: block; clear: both; } READ: ART Video quiz Caravaggio EssayAny corner or part that is not painted can be seen from the reverse side by lifting up the glass. Be careful, not to hold the glass vertically to avoid dripping off the colors. If any bubbles are made in the colors while painting, then pierce them with needle or a pin Step 10. Jpg 10 If any bubbles are made in the colors while painting, then pierce them with needle or a pin. They can also be gently brushed towards the outlines bringing them out of the borers and then wiping them away with nail polish remover. Avoid applying two coats of paint in any portion of the pattern Step al. Pig 11 Avoid applying two coats of paint in any portion of the pattern. Allow the painting to dry for at least 24 hours Step 12. Jpg 12 Allow the painting to dry for at least 24 hours, After the painting has dried, place it in a cold oven Step 13. Jpg 13 After the painting has dried, place it in a cold oven, Set the oven to ICC (32509), When temperature reaches CICS time it for 40 minutes. Switch off the oven and allow it to cool. Once the oven is cold, remove the Glass painting. Determinatively, you an let the painting air dry only by not kiln firing it.

The Importance of Empowerment in Customer Service Management

The Importance of Empowerment in Customer Service Management Introduction The term empowerment refers to the process of providing more authority to the employees of an organization. It means to place authority and power on the employees to make operational decisions. Empowering the staff of an organization is an enormous motivation strategy.Advertising We will write a custom article sample on The Importance of Empowerment in Customer Service Management specifically for you for only $16.05 $11/page Learn More This is because employees perceive empowerment as their own personal contributions, resourcefulness, and efforts in the enhancement and the attainment of the organizational goals. It can be described as the process of nurturing the skills, desire, power, and tools that an employee requires to serve the clients of the organization. This essay explores the significance of empowerment in customer service management. The Impact of Empowerment on Customer Services Management In this modern era of high competition, the demand for high quality standards in customer service is essential for the success of any business. Most scholars argue that the out dated production-line strategy should be discarded in favor of modern strategies based on empowerment. This can be accomplished by treating employees in an appropriate manner, recruiting the right individuals, and encouraging a service environment that is conducive. In this scenario, customers, employees, and organizations gain some advantages. Customers benefit because they obtain superior quality services. Through empowerment employees are able to perform their duties based on their perceptions. On the other hand, organization managers can retain and attract new customers through provision of quality services. The empowerment of staff is particularly significant due to the dynamic relationships of customer alliances. Hartline, Maxham III McKee (2000) argue that the traditional-structured approach of centralized control is no longer applicable in thi s competitive era. Traditional models are regard to be particularly efficient in situations where uncertainty in relation to the needs of customers do not exist. In such cases, guidelines and regulations which dictate the conduct of employees towards the customers are required to enhance consistency. However, in the service delivery industry, which includes a lot of uncertainties, direct contact between the customer and the employee are frequent and significant (Hartline, Maxham III McKee, 2000, p. 34). Empowerment is essential and mandatory in the services delivery industry due to the need of decentralizing control from management. The power and authority to make critical choices is transferred to the lower cadre of employees in a process referred to as directed authority.Advertising Looking for article on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Chebat and Kollias (2000) argue that the service industry is hugely dependent on the capacity of employees to deliver the required service. The attitude and conduct of employees who have the first contact with the clients has a critical impact on the customer’s thoughts. This is because the service is delivered during the interaction between the employee and customer. As a result of the significance placed on the service encounter, organizations should establish strategies that can help them manage their employees who make first contacts with the customer (Chebat Kollias, 2000, p. 67). This will assist the management in making sure that the attitudes and conduct of their employees are appropriate to facilitate the provision of high-quality services. According to Ardahaey Nabilou (2012), the most coveted position in business today is the ability to attract, employ, and retain a highly skilled work force. It is believed that having such a team in the organization will be beneficial, and instrumental to both organization’s su ccess and transformation. In fact, all successful companies have a combination of intelligent and well-endowed personnel who share a perception that they belong to a single family. They discharge their duties passionately, and meticulously use their experience and knowledge in collaboration with other employees to influence growth and posterity in the company. Empowerment of employees equips them with the relevant skills. It enables sustenance of good relations, which companies establish with them (Ardahaey Nabilou, 2012, p. 34). Hartline, Maxham III McKee (2000) hold that empowered employees are obligated and authorized to deliver on customer preferences efficiently and effectively. They argue that empowerment describes a situation where the management allows employees to use their discretion in the daily choices they make in relation to their work. When the management permits subordinate employees to make significant decisions, they relinquish their control on the dynamics of se rvice delivery (Hartline, Maxham III McKee, 2000, p. 33). Empowerment is regarded to be a pre-requisite because customer service personnel require such flexibilities so as to effect decisions immediately, to enhance customer satisfaction. Proponents of empowerment argue that the point of contact staff are more reactive in service delivery, productive, adequately deal with complaints, are highly inspired, and offer high-quality services. Ardahaey Nabilou (2012) argue that the client’s satisfaction experience within the service sector decreases when the service does not conform to the customer’s expectations. Customer satisfaction heavily relies on the customer’s experience at the hands of the customer service provider.Advertising We will write a custom article sample on The Importance of Empowerment in Customer Service Management specifically for you for only $16.05 $11/page Learn More To equip the employee with relevant skills, the ma nagement should have an empowerment program within the organization. They argue that empowerment is a sequence of becoming, and it should not be considered as an end outcome Ardahaey Nabilou, 2012, p. 34) Conclusion This essay has explored the significance of empowerment in customer service management. From this discussion, it is evident that the service industry is hugely dependent on customer satisfaction to attract and retain customers. For customer service employees to discharge their duties properly and effectively, they need to be empowered. List of References Ardahaey, F, Nabilou, H 2012, Human Resources Empowerment and Its Role in the Sustainable Tourism, Asian Social Science, Vol. 8, no. 1, pp. 33-38 Chebat, JC Kollias, P 2000, The impact of empowerment on customer contact employees’ roles in service organizations, Journal of Service research, Vol. 3, no. 1, pp. 66-81. Hartline, MD, Maxham III, JG McKee, DO 2000, Corridors of influence in the dissemination of cus tomer-oriented strategy to customer contact service employees, The Journal of marketing,Vol. 1, no. 1, pp. 35-50.

Airport Noise and Pollution Can Effect Your Health

Airport Noise and Pollution Can Effect Your Health Researchers have known for years that exposure to excessively loud noise can cause changes in blood pressure as well as changes in sleep and digestive patterns, all signs of stress on the human body. The very word â€Å"noise† itself derives from the Latin word â€Å"noxia,† which means injury or hurt. Airport Noise and Pollution Increase Risk for Illness On a 1997 questionnaire distributed to two groups (one living near a major airport, and the other in a quiet neighborhood), two-thirds of those living near the airport indicated they were bothered by aircraft noise, and most said that it interfered with their daily activities. The same two-thirds complained more than the other group of sleep difficulties, and also perceived themselves as being in poorer health. Perhaps even more alarming, the European Commission, which governs the European Union (E.U.), considers living near an airport to be a risk factor for coronary heart disease and stroke, as increased blood pressure from noise pollution can trigger these more serious maladies. The E.U. estimates that 20% of Europe’s population (about 80 million people) are exposed to airport noise levels it considers unhealthy and unacceptable. Airport Noise Affects Children Airport noise can also have negative effects on children’s health and development. A 1980 study examining the impact of airport noise on children’s health found higher blood pressure in kids living near Los Angeles’ LAX airport than in those living farther away. A 1995 German study found a link between chronic noise exposure at Munich’s International Airport and elevated nervous system activity and cardiovascular levels in children living nearby. A 2005 study published in the prestigious British medical journal, The Lancet, found that kids living near airports in Britain, Holland, and Spain lagged behind their classmates in reading by two months for every five-decibel increase above average noise levels in their surroundings. The study also associated aircraft noise with lowered reading comprehension, even after socio-economic differences were considered. Citizen Groups Concerned About Effects of Airport Noise and Pollution Living near an airport also means facing significant exposure to air pollution. Jack Saporito of the U.S. Citizens Aviation Watch Association (CAW), a coalition of concerned municipalities and advocacy groups, cites several studies linking pollutants common around airports (such as diesel exhaust, carbon monoxide and leaked chemicals) to cancer, asthma, liver damage, lung disease, lymphoma, myeloid leukemia, and even depression. A recent study pinpointed ground taxiing by planes at busy airports as the source of large amounts of carbon monoxide, which in turn appears to increase the prevalence of asthma within 10 kilometers of the airport. CAW is lobbying for the clean up of jet engine exhaust as well as the scrapping or modification of airport expansion plans across the country. Another group working on this issue is Chicago’s Alliance of Residents Concerning O’Hare, which lobbies and conducts extensive public education campaigns in an effort to cut noise and pollution and rein in expansion plans at the world’s busiest airport. According to the group, five million area residents may be suffering adverse health effects as a result of O’Hare, only one of four major airports in the region.

Managing, Evaluating and Developing Human Resources Essay

Managing, Evaluating and Developing Human Resources - Essay Example It has ensured that employees, no matter their level of experience, gain the necessary skills and get better opportunities for training. For improved employee performance, all employees should be computer literate and proper courses should be designed to enable them encounter technology as it evolves. Training and development is a strategy aimed at developing and improving the skills of an employee. According to Pride, Hughes and Kapoor, â€Å"employee training is the process of teaching operations and technical employees how to do their present jobs more effectively and efficiently† (2011, p. 264). Companies which want to stand still in competition opt to provide constant training to their employees on any technical occurrence. Employee training has been eased with the introduction of internet based training, because it saves cost and time. Williams says that â€Å"during the late 1990s, the learning support organisation at Telcordia technologies... began to actively pursue online delivery of performance support materials for the software applications that they supported† (2004, p. 8). This shows that technological training has been a long time training strategy, but has been growing steadily and also evolving with the changes in technology. When analysing what to offer in training, employers have to consider what is needed for the training. What appears to be most essential in training is motivation. Training also varies depending on what the management considers most crucial. Some employees have to be trained on technological skills, but since training may be expensive, its advisable that the company classify what is most essential. Training is important for employees so that they can be equipped with skills, attitude and knowledge required to do their job well. They are taught on how to interact with the customers and managers use this opportunity to motivate them. Technology came due to

Case Studies (Laura Martin) Research Paper Example | Topics and Well Written Essays - 1000 words

Case Studies (Laura Martin) - Research Paper Example In the DCF analysis, the Net Present value has been calculated as the present value of the future net free cash inflows or the revenue of the business, minus the expenses, or the present value of the costs incurred (Mauboussin, 5). In most cases, these two are discounted using the company’s WACC (Stearns, 29). This assumption though made by Laura Martin is a flawed assumption. Mainly, free cash flows depend on the demand in the market, prices in the market, and other external factors in the market, with the market compensating firms; because of taking marketing risks (Chan et al, 3). In most cases, costs should be discounted at a rate higher than the risk free rate (Stearns, 3). This means that discounting the cash flows and the costs at similar rates will significantly reduce the costs; such actions would lead to overhaul of the firm (Chen et al, 3). Martin in these calculations used the beta approach, which measures the co-movements of firms’s equity prices of 1.07 in forecasting 10 years of cash flows in the market and which is affected by so many market variables (Mauboussin, 16). However, equity prices are unstable and change each time depending market business conditions. The multiple analyses assumed that the firm would realize the stated future sales revenue at the end of the forecast period (Chen et al, 3). Firms that have comparable acquisitions, particular in the same industry are used as a base in finding an appropriate range of multiples to use (Stearns, 24). Though multiples are very plausible, they have a problem in that there is no possibility of having a company that is comparable to Cox as firms do use various valuation approaches.. The ‘stealth- Tier’ can be incorporated into the DCF and the multiples analysis. The unused cable capacity of Cox communications can be included into the discounted cash flow analysis, through