Tuesday, December 31, 2019

How to Withdraw from a Class

While you know how to register for classes, knowing how to withdraw from a class can be a little more challenging. After all, your school probably didnt go over how to drop a class during orientation week; everyone is too busy planning and preparing for the start of a new semester. Sometimes, however, your awesome start-of-the-semester plans dont work out and you need to drop one or more classes. So just where do you begin? Talk to Your Academic Adviser Talking with your academic adviser is an absolute necessity, so start there. Be prepared, however; your adviser will likely want to ask you a few questions about why youre dropping and, if applicable, talk about whether or not you should drop the class. If you both decide that dropping the course is the best option, however, your adviser will have to sign off on your forms and approve the decision. He or she can also help you plan out how youre going to make up the course content and/or units that youll need to graduate. Talk to Your Professor You likely cant just drop the class without talking to the professor (even if theyre a bad one) or at least the TA. They are accountable for your progress in the class and for turning in your final grade at the end of the semester. Make an appointment or stop in during office hours to let your professor and/or TA know that youre dropping the class. If youve already talked to your academic adviser, the conversation should go pretty smoothly—and quickly. And given that youll likely need your professors signature on a form or approval to drop, this step is a requirement as well as a courtesy. Head to the Registrars Office Even if your academic adviser and your professor know that youre going to drop the class, you have to officially let your college know. Even if you can do everything online, check in with your registrar to make sure you have submitted everything they need and that youve submitted it on time. Additionally, follow-up to make sure everything goes through okay. While you may have submitted your materials, they may not have received them for whatever reason. You dont want your withdrawal to turn into a ​fail on your transcript, and its much easier to confirm now that your drop went through okay than it is to correct things in several months when you realize an error was made. Tie up Any Loose Ends Make sure to let any lab partners know that youve dropped the class, for example. Similarly, return any equipment you may have checked out and remove yourself from the list of students who have a music rehearsal space reserved on a rotation basis. You dont want to needlessly be using resources that other students need or, even worse, be charged for their use when you dont need them any longer.

Sunday, December 22, 2019

Buffet Approach of Valuing Stock - 2755 Words

The Buffett Approach to Valuing Stocks Focusing on return on capital may be the key to investment success. By Steven R. Ferraro, CFA, PhD 2009 Volume 12 Issue 3 Much has been written about famed U.S. investor and Berkshire Hathaway CEO Warren Buffett’s investment style and successes. Preeminent among these writings are the oft-cited Berkshire Hathaway shareholder letters, written by the â€Å"Oracle of Omaha† himself. These informative letters have been the basis for a multitude of books. But even with an abundance of available information on â€Å"how to invest like Warren Buffett,† it is apparent that something is lacking, how does Buffett determine an acceptable price for companies of interest? This article provides an example of the process†¦show more content†¦To get to that point, we will go through several steps that are explained in great detail in books by Buffett’s former daughter-in-law, Mary Buffett.[6][7] These steps are summarized below, with a few of my own adjustments to make the analysis more robust. We will use Eaton Corporation (ETN) as our sample firm because Buffett invested over $100 million in the diversified power management company in 2008. click image to view model Step 1, Gather the raw data and create the basic spreadsheet. In the accompanying valuation model, the historical accounting data for ETN are found in rows 11 through 19. Rows 11 through 16 contain the variables used by Mary Buffett in her Buffettology books. In columns N and O, the annual and cumulative growth rates for each variable are calculated. The remaining data are used as a sanity check. For example, if EPS growth exceeds that of the revenues and net income, it is likely that management is accelerating EPS growth by repurchasing shares. While ETN’s average annual EPS growth (11.03 percent) outpaces its revenue growth (8.87 percent), it does not exceed the growth rate of the net income (12.25 percent). This means that ETN has been issuing shares over the past 10 years, which is confirmed by noting the cumulative growth rate in shares outstanding (15.06 percent) in cell O14. Another relationship to keep an eye on is that between revenue growth and net income growth. For ETN, net income has outpaced revenue byShow MoreRelatedBerkshire Hathaway Phenomenon In the Context of Modern Finance Theory2608 Words   |  11 Pagespoint of view, (Roberg G, 2005) the only undesirable thing should be the possibility of harm. 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Saturday, December 14, 2019

Loyalty Marketing Free Essays

Customer Loyalty Program for Restaurants in a five Star Hotel: Customer marketing long since began when marketing practices started.   Loyalty marketing is not a new concept.   Best customers generate most profits an example was in the 50s when ‘mom pop stores look after its best customers. We will write a custom essay sample on Loyalty Marketing or any similar topic only for you Order Now    A good customer spends more than thirty percent and keeps coming back but worst customers are less loyal. Chris X. Moloney and Fred Reichheld noted that loyalty marketing has a new marketing discipline called â€Å"Customer Advocacy Marketing† (CAM).   This programme in marketing is strongly linked with loyalty and customer referral (Wikepedia). With the future, it seems that new technology can always be costly but it is a marketer’s friend.   Hence, technologies and techniques of the past in some tasks are most reliable and appropriate especially in the business of hospitality and restaurants particularly for tasks where attitudes and habits of consumers are difficult to change. I.   Customer Loyalty – its benefits The rapid advancement of technology, relations between the 21st century customer and supplier needs to be nurtured because of growing competition and new demands or high customers’ expectations.   Restaurant businesses grow faster than the rate of demand.   A business is building up then suddenly a new comer comes along.   For this reason, it made sense to nurture or retain regular good customers than to attract new ones. a. Long Term Profitability Marketing is supposed to contribute long term profitability into a business but competition is intense.   Now it is important to regard its effort in a changing marketplace. First of all we must check how a loyalty program fits an establishment, how can it continue to progress, and how to encourage future investment for its continuous development or its expansion? Customer Loyalty Program is only one aspect of the comprehensive marketing techniques but it is the central pillar of the plan.   In the article written by Randolph Hobler he noted that only 5% of the top 130 restaurants in the US have loyalty programs (Hobler).   Sixty percent of consumers go to restaurants with rewards program.   However, despite of the knowledge that a good loyalty program pays back from the very beginning; (example is the Tesco’s Club Card who makes money from day to day). Still, only twenty five percent of the National Restaurant Association in the U.S. used loyalty program. To attain this program data must be collected and from these data a study or an intelligent interpretation should be provided to have much clearer picture on the customer base.   Most of the program will have this question â€Å"When is the payback begun to happen?†Ã‚   For some it happens right away but in some it will depend on the circumstances. b. Customer Retention High performing companies retains customers and magnets other clients.   Businesses that retains its clients makes more money at lower cost than the one who constantly pays for advertisements just to invite new customers.   A loyal customer depends mainly on the good and sound practice of the business and its marketing schemes at all times.   Clients are normally easy to lose than to win. Retaining customers have simple principles:   know your clients and reward them. It is important to perform the following tasks: a. Study the peak-hour and plan to retain the number of customers at slow times. b. Make new menu items and take-out products c. Provide functions activities such as parties with specialty drinks d. Up-sell products like value meals e. Provide incentives and encourage secure registering and loading of cards f. Changing business operations for a greater profit must also be considered by creating an economic balance between getting the attention of customers and in giving them rewards. II. How to build customer loyalty – its factors Critical factors to built customer loyalty Market Size or Estimation This is a tool which gives very good guidelines to calculate market sizes reasonably of the member base who would receive loyalty programs or rewards. Trends and Forecast Trends means consumer behavior and spending patterns based on customer marketing initiatives and forecasts of future marketing campaigns. Best practices and Innovations Problems with loyalty programs and practices will be examined like issues and pitfalls, corporate values and visions including inconsistent messages to consumers, comparing loyalty rewards from competitors and finding out what does not work. Best Customer Marketing Access Pricing and Customer Lifetime Value As it implies, directing good customers since they bring the most profit.   Since pricing strategy is the key features in every business, best customers should have access to discounted pricing throughout its lifetime.   Customers may collect points on their purchase on a frequent or everyday basis measuring loyalty’s effect on the customer’s lifetime value. Essential data or business models can be used to analyze CLV calculations.  Ã‚   â€Å"The most important factor in consumer loyalty program is the price†(Weiss). Although it is important not all people buy because of the price but sometimes because of   loyalty to the brand. Customer loyalty and analysis – New tools We do not develop loyalty tools from scratch but examine newer tools used by the loyalty rewards program.   Some of them are:   The loyalty token – it is the bit of the program that members carry in order to have contact with the program.   An advantage of this is to link the transaction with the database however those data can be transmitted to and fro.   Why?   It is important to search the true value and function of a reward, its properties, getting the most of it, and the reward redemption process. Human Aspect of the Loyalty program The aspect of human loyalty is very important.   This is the cycle of customer – employee – shareholder/owner relationships.   These are actions and emotions that must satisfy every human condition.   This is also one way of keeping clients happy with a new policy since most of the time the front liners are the one who deals with customers closely and yet are the ones who are underpaid. Customer loyalty program for hotels, resorts and casinos One reason why restaurants in hotels are not expanding on its reward program is due to the fact that almost 50% of visitors do not belong to any loyalty program.   The business is still an untapped market.  Ã‚   For instance the use of wireless consoles to summon waiters, loyalty programs with personalize services such as greeting the customer by the name and   seats the client at their favorite table with his usual drink etc.. Technologies are also employed to hasten meal preparations. The future of loyalty as what experts thinks: The best way of looking into the future is to examine what happened in the past and from that make a projection.   Though it is hard to make expectations because sometimes things happen when you least expect it. The trend for globalization will have two distinctive effects. One, there will be no division in the international border.   We will have a global macro-regional system as opposed to centralized system we have today.  Ã‚   Second, worldwide trend on customer loyalty will be more difficult to develop because of the ever changing consumer values. (Trend). The future is here today. It would be to the disadvantage of new marketers of today if they would not embrace the new technologies. We are expected to see in the future more sophisticated innovations and consumers will expect more points to buy items which ordinarily are out of reach.   Marketers who will not embrace this change will be at the least advantage state. Since the opening of Scala’s Bistro in 1995 a culinary of French and Italian countryside, the restaurants focused on list of primarily California and Italian selections of wine along with few French varietals.   Scala offers 10-15 choices by the glass and 150 selections by the bottle.   The restaurants serve culinary delights of both Italy and France; fresh local vegetables combine to a rustic innovative menu.   It has offered 18% of gratuity to parties of more than six.   One can be found at 432 Powell Street, San Francisco, CA. or search the web to find out comments of its satisfied customers. References: Hobler, Randolph. â€Å"Late to the Table.† 2006. Trend, Herman. â€Å"The Future of Customer Loyalty â€Å", 2007. Weiss, Allen. â€Å"Is Price *Really* the Most Important Factor in Consumer Loyalty?† 2007. Wikepedia. â€Å"Loyalty Marketing.† 2007. How to cite Loyalty Marketing, Essay examples

Friday, December 6, 2019

Parenting Styles and Child Behavior free essay sample

Meanwhile, authoritarian style is demanding but not nurturing (Cherry, 201 AAA). As for laissez fair style, parents find it easier to avoid providing guidance and discipline for their children, they tend to give their child the freedom to do anything (Murray, 201 1). Authoritative parenting style is the most democratic parenting style among the other types of parenting styles (Cherry, Bibb). According to experts, if you wish to raise a self-reliant, pleasant and a well- behaved child, then authoritative parenting style is the one.Authoritative parents will set rules and guidelines that they expect their children to follow but they also know the importance of having some flexibility in coaching their hillier. These parents will be in control but never too controlling in their upbringing of their children (Demand Media, 2011 Authoritative parents will explain to their children the reasons for the rules that they set and if the children misbehaves, they would reason with them rather than punish them (Dewar, 2010). For example, an authoritative parent will explain to the child that snacks are allowed in moderation but it is not very healthy even though it is tasty (Demand Media, 2011). If the child fails to meet the expectations that is set, these parents will be more nurturing and forgiving as they do not live in punishment (Cherry, 201 b). Authoritative parents are also not afraid of expressing love and affection to their children and they know that their expressions of emotion will not affect their ability to discipline their children (Demand Media, 2011). Furthermore, parents who for this type of parenting style will offer their children a lot of emotional support (Dewar, 2010). When parents are there for their children, parents are able to protect their children from developing socializing problems and when children are more open about the way they feel, the children are able to become better mind readers (Dewar, 2010). Authoritative parents are also more involved with their children because they are more responsive towards their child and they are willing to listen to questions that their children oppose (Cherry, 201 b).Besides that, authoritative parents show respect to their children as independent and reasonable beings (Dewar, 2010). As time passes and the child gets Older, authoritative parents will encourage more responsibility and freedom with guidelines of well-outlined rules (Demand Media, 2011). As a result of this, authoritative parents expect maturity and cooperation from heir children (Dewar, 2010). According to the Amer ican Academy of Pediatrics and other children health organization, children from authoritative parents will grow up to be independent, socially successful and respectful of authority (Demand Media, 2011). Also, children raised by authoritative parents will be socially accepted and academically successful. Furthermore, they are less likely to engage in antisocial behavior like drug use. Plus they are also less likely to report depression and anxiety (Dewar, 2010). Macomb (1992), states that kids from authoritative parents will be more happy and palpable (Macomb, 1 992, as cited in Cherry, Bibb). Authoritative parents also foster self-discipline, maturity and respect for others in their children (Dewar, 2010).In an American study that is done with undergraduates about moral problems and how they are going to solve these problems students from authoritative parents will say that their parents will influence their decision and not their peers (Dewar, 2010). However authoritative parenting style may differ from one country to another and sometimes it is not all about democracy. For example, in Australia and the United States, parents will take onto account their children preferences when making family plans and the children are even encouraged to express their own opinions.But in countries like China and Russia, authoritative parents do not take their children preferences into account when making family plans. Plus Chinese parents do not encourage their children to voice out their opinions especially opinions that are different from the parents. However there is a similarity in these four countries, which is parents would explain the reasons for the rules that they set and they would talk to their children if they misbehave (Dewar, 2010). Parenting style is a type of style where parents gain in order to educate their child what is right and wrong.The best known theory of parenting style was created by Diana Banding (1967). She proposed that parenting styles fall into one Of three categories: authoritarian, indulgent, or authoritative. TO explain the authoritarian personality, it is a person who is fairly rigid in their opinions and beliefs or still hold on to some traditional values (Mcleod, 2009). In simple words, children must follow strict rules and regulations that were established by his or her parents and the child do not have choices to choose room. If the children fail to follow the rules, usually they will be punished.A person who has an authoritarian personality is likely to categorize people into groups as he or she thinks that they are more superior compared to the other groups (Mcleod, 2009). So, parents with authoritarian personality have high demands for their child but slightly less responsive to their child compared the other parenting sales. There is always a saying that authoritarian parenting style is the key to raising responsible children, but when this kind of personality is too much in the parents, how do you think the children will behave? Undoubtedly, parents with this kind Of personalit y normally bring the opposite effect as compare to their own concept. When they are educating their children, they believe that children must be nurtured and strictly trained in order to reach their own target set by their parents (Cherry, AAA). But many children have their very own opinion and they need some space to explore and develop their talent. They do not want be the puppet of their parents. Sooner or later, they will go against their parents wishes and instruction.Authoritarian parents normally do not explain why they expect heir child to follow their rules and wishes and insist their child to follow instructions and rules established by them (Cob ; Grannies, 1 996, as cited in Parenting, 2012). An Authoritarian parent usually forces his or her child to follow the directions and children do not have an opportunity to make their own choices. This makes them feel useless and unsecured in the future because they do not know the consequence of their own choices and they cannot take full responsibility towards their choices.This situation forced them to be dependent on their parents in making important or any decision t all (Dopiest, n. D. ). It weakens their intellectual growth, initiative, creativity, the ability to socialize and children might not be able to face their lifes challenges in their future (Dopiest, n. D. ). Authoritarian parents always conduct harsh punishments for their children even though it does not fit the crime that was committed by their child (Bradley, 2006). This caused the children to feel anxious and fear to obey the instructions from their parents as they will be punished if the outcome is not satisfying. So they will always try to live up to their parents expectations. Fear towards their parents is a very effective way to control their childrens behavior but it also damages the children (Biretta, n. D. ). It makes the child less confident and the child will be fearful to communicate with strangers due to poor communication skills or social skills (Biretta, n. D. ). Furthermore, the relationship between children and parents will become worse when children felt unfair and anger towards the punishment given by their parents.It will affect the emotional development and self esteem Of the children (Biretta, n. D. ). It also weakens he development of one childs sense of identity and childs ability to understand, express and reciprocate emotions. Laissez-fairer is a French term which translates roughly as let it be (Parenting Counts, 2012). It is a style in economic policy which states that a government should not interfere with economics, and just let the marketplace performs out as it will (Rutherford Nickering, n. D. ).Parents with laissez-fairer parenting styles teach their children that all emotions are accepted no matter how they behave either good or bad (Parenting Counts, 2012). These parents act this way because hey are not sure of how to handle their children, or might have been confused by the variety of parenting options and end up letting their children to raise themselves up (Freesias, 2012). Laissez-fairer parents leave their child on their own to their own decisions without orders or suggestions given to their child unless he or she specifically asked for help. Arenas with this style may spoil a childs childhood and his or her perspective towards life because parents are generally not involved in their childs life, are disengaged, undemanding, low in responsiveness, and do not set limits (Banks, 2005). In edition, these are the parents who act as if they are best friends with their child because, out of guilt, they are always working or busy all the time. Out of frustration, parents will fell like giving up or out of necessity towards their child in being the part of a parent (Vincent, 2009).A child often learns to solve his or her own problems without help or guidance which makes the child more independent compared to other children (Samuel, n. D. ). Children need to have plenty of parental time and attention, live within routines and structures, have positive role models, room to make choices and develop independence gradually, and have a strong sense of self-belief and high but realistic aspiration not by leaving them aimlessly not knowing what to do next (Brewer, 2011 They might have been a great child at school because they are taught to behave well or they will be punished.