Friday, January 31, 2020
Types of ownership Essay Example for Free
Types of ownership Essay My business will be a sole proprietorship because I will be in charge of the business but I would need to employ people to help me run the business. As I decide what happens to the profits I would pay for wages and then spend the rest on repairs and debts until I had paid off the necessary debts and loans. I have chosen a sole proprietorship because I get to be my own boss and if I am deciding what happens to the profit I know it will be spent in connection with the business . The disadvantages wont affect me because I have employed people t work for me therefore I wont have to work long hours . All skateparks around the uk are unincorporated because people ride skateparks at their own risk so if they injure themselves it is there own fault. The only way I could get prosecuted is if they are injured due to bad maintenance of the park i. e. somebody hurting themselves on a nail sticking out of a ramp. Cash flow is important because if you have a poor cash flow your business goes bankrupt. A cash flow forecast enables you to see how much money is coming into the business and how much is coming in and how much money is going out. If to much money is going out and not enough is coming in you can use the spreadsheet to see what needs to be changed. If you have a poor cash flow there is a lack of working capital. This can result in a lot of other problems like staff not getting paid on time and if loans arent repaid firms may take legal action against this and reposes things making the business unable to sell products. I would not have good facilities for anybody under the age of 12 with no great understanding of the sports or ability to do the sport
Thursday, January 23, 2020
Why is it hard to build a good relationship? :: Ethical Issues, Lying, Cheating
The word relationship is defined as the way in which two or more concepts, objects, or people are connected, or the state of being connected. In daily life, we always have a relationship with other people. Biologically, our relationship with parents is made up when we were born. Also we are making a new relationship with a friend, boss, and girlfriend, but there some factors that it makes hard to keeping a relationship such as lying, cheating, and misunderstanding. Most of our relationships are built on trust other people. However, different perspectives can lead us to the hierarchical relationship. On the other hand, in different circumstances, people can be changed, so it gives a chance to get closer each other. Our daily life relationships are built on trusting other people. Generally, many people think that trustable relationships donââ¬â¢t have secrets, and donââ¬â¢t lie to each other. In addition to that we may feel more comfortable to have a trustable relationship, because they are always willing to help each other by telling the truth. When I was in high school, I remember one of my best friend who is extremely nice and positive person that I know. I had an unstable relationship with my girlfriend. He always stands by me, and tried to help me out every single time. I could tell him everything about my relationship, because I know I can trust him, and he gave me some superb advices to recover my relationship. In Kite Runner, we can find the relationship between Baba and his son Amir. Baba always protects Amir, and Amir feels very pleasant to have Baba as his father, because they trust each other. Amir says, ââ¬Å"wanted Baba all to himselfâ⬠(13), and thinks that ââ¬Å"how lucky he was to have Baba as his fatherâ⬠(39). Baba also had a trust on Amir, since he won the kite tournament that ââ¬Å"agreed to everything Amir askedâ⬠(81). After Amir won the kite tournament, Baba opened his heart a little bit, because now trusts Amir about that he can stand up himself a little bit. However, Baba said, ââ¬Å"There is only one sin, And that is theftâ⬠¦ When you tell a lie, you steal someoneââ¬â¢s right to the truthâ⬠(225). But it turns out he lied to his son Amir that he have another brother, who name is Hassan, Amir going to ââ¬Å"reconcileâ⬠(226) the image of Baba that he haven been thinking of.
Wednesday, January 15, 2020
Evaluate the Evidence for Human Impacts on Downstream Flood Risk in Rural Catchment Areas in Temperate Regions
Evaluate the evidence for human impacts on downstream flood risk in rural catchments in temperate regions. Before we can evaluate human impacts on flood risk we must first establish what is meant by temperate regions and also rural catchments. Temperate regions are generally regarded as lying between the Tropic of Cancer and the Arctic Circle or the Tropic of Capricorn and the Antarctic Circle and therefore rivers investigated in this essay will fall within these parameters. Rural catchments are slightly harder to define, as today very few large rivers do not have some form of urban development within their catchments area. In this essay a river that is still in a predominantly rural catchment will be discussed even if there are areas of urban land within the catchment. Humans impact on flood risk falls into one of two categories. The first is deliberately and directly, through floodplain restoration, construction of dams and channel rehabilitation and all of these have fairly obvious positive effects on reducing flood risk. However it is when humans indirectly affect the flood risk, through deforestation, land use change and climate change (which all have a negative effect on flood risk) that there is less certainty into the extent of the impact that humans have. Overall though it is clear that human activity has resulted in ââ¬Ëmajor changesââ¬â¢ (Goudie, 2006) in downstream flood risk in temperate regions and rural catchments. The most obvious way in which humans impact downstream flood risk is through direct adaptation of the river itself and this is also arguably also the most important way in which humans can have an impact on flood risk (Mrwoka, 1974). Damming is probably the most widespread example of how humans seek to control peak flows on rivers and the construction of dams in the UK has led to significant decreases in flooding. The reservoir created on the River Avon occupies 1. 38% of the catchment but reduces peak flow by 16% and even more impressively the reservoir on the Catcleugh in the Cheviots occupies 2. 72% of the catchment and reduces peak flow by 71% (Petts and Lewin, 1979). The creation of dams clearly reduces the flood risk overall, however, dams have a much smaller effect on rare flood events of high magnitude, due to the fact that there is a finite amount of water a dam can hold during times of high, prolonged precipitation (Goudie, 2006). On the River Avon the ratio of pre-dam discharges to post-dam discharges is a mere 1. 02 in a once-in-10 year event (Petts and Lewin, 1979). However, despite this, manââ¬â¢s construction of dams still has a large impact in reducing peak flood and therefore flood risk in downstream catchment areas. Floodplain restoration is another example of humans deliberately impacting on flood risk. It has been calculated that the flood reduction function of 3800 hectares of floodplain storage on the Charles River, Massachusetts saved US$ 17 million worth of downstream flood damage each year (US Corps of Engineers, 1972). Restoration has taken place on the River Cherwell between Oxford and Banbury. Here the embankments were removed and the channels restore to their pre-1900 dimensions. As a result of the rehabilitation of the channel peak flow was reduced by between 10-15% and the embankments which had been removed were shown to have been increasing peak flow by between 50-150% (Acreman et al, 2003). This clearly shows the extent to which humans can actively work to reduce the flood risk in a rural catchment area, and shows how important the role of floodplain restoration and channel rehabilitation is when reducing peak flows. A prime example of human activity indirectly affecting flood risk patterns is through deforestation. The principle here is that by removing vegetation, you remove the capacity for a significant percentage of precipitation to be intercepted by the vegetation and then evaporated before it reaches the stream. Therefore, if humans remove the vegetation in a catchment area this can increase run-off and therefore flood risk. An experimental study was conducted in 1910 to investigate the extent to which vegetation coverage affected peak flow in Colorado. Stream flows from two watersheds of approximately 80 hectares in size were compared over 8 years, before one valley was clear-felled. The catchment area which had experienced clear felling experienced 17% greater annual flow and also significantly higher peak flows (Goudie, 2006). In 1998 the Yangtze River experienced its worst floods for over 40 years, with high water remaining in some areas for 70 days. Although the precipitation over that time period was extreme, the extent of the flooding (which caused over $20billion in damages) has also been linked to the widespread deforestation that had taken place upstream of the floods. In 1957 the forest coverage of the river basin was 22% but by 1986 this figure had been reduced to 10% (Yin et al, 1998). Despite this, it has been argued that during times of prolonged rainfall, vegetation loses its ability to reduce peak flow as there is a finite limit to how much water vegetation can hold. A study on the Yangtze showed that under 90mm of heavy rainfall, surface run-off was 65mm in forested areas and 35mm in non-forested areas and therefore the forest does not retain more run-off (Cheng et al, 1998) and therefore flood risk is no greater. However, there can be no doubt that deforestation reduces seepage losses and therefore increases the convergence of seepage water and that deforestation increased the seriousness of the flooding that the Yangtze experienced in 1998 (Yin and Lee, 1999). The type of vegetation in a river basin can also have an influence on flood risk, and human activity can indirectly affect this. The principle here is that some types of vegetation retain more water than others and therefore their presence reduces flood risk. The catchment area of the Coweeta River in North Carolina was converted from deciduous hardwood forest to pine (which is evergreen) over a period of 15 years, from 1940 onwards, and as a result stream flow was reduced by 20% (Swank and Douglas, 1974). However, although certain types of plant may indeed significantly reduce stream flow, the impact they have on flood risk is often considerably smaller. It has been estimated that a forest of Ash juniper trees intercept around 40% of the precipitation that falls on them each year (Owens et al, 2006). This figure is so high as Ash juniper trees are evergreen and therefore absorb water all year round however, during storms, this figure is reduced to around 10%. This figure remains fairly similar for most vegetation during high storms. We can therefore say that although humans adapting the type of vegetation in a catchment area does have an impact on overall stream flow, the extent to which this reduces the flood risk downstream is negligible (Wilcox et al, 2006). Land use change is another example of human activity which, although it is not done with the intention of altering river flow characteristics, still has an impact on downstream flood risk. Developing urban areas in formerly rural ones is now widely acknowledged to have a ââ¬Ëconsiderableââ¬â¢ hydrological impact, mainly thorough the ways in which it alters runoff (Hollis, 1988). Essentially this urbanization produces a tapestry of impermeable surfaces that increase run-off and therefore discharge during times of high precipitation (Graf, 1977). However, Hollis (1975) argues that whilst urbanization may increase the recurrence interval of small floods, in rare large scale floods, land use change has little effect on the overall peak flow, due to the fact that during large storms, rural areas become saturated quickly and then behave in much the same way as urban areas. Despite this, we can still say that land use change from urban to rural does increase the flood risk, even if this increase in risk is only during smaller events. Although we are examining flood risk in rural catchment areas, development of urban pockets in these areas must still be considered, as even catchments with only some urbanization are still more likely to suffer flooding (Wilson, 1967). Climate change is another way in which man indirectly can have an effect on flooding risk although this is a hotly contested topic, as no completely acceptable explanation of climate change has been presented before (Goudie, 2006). However, some climate models have still predicted that climate change over the next 100 years will lead to higher flood risk. This is due to the fact that in a warmer climate, the air can hold more water, which increases the potential for latent heat release during low pressure systems and therefore increased precipitation is likely (Frei et al, 1998). A model in 2002 produced by the EU group PRUDENCE compared summertime precipitation in mainland Europe from 1961-1990 and the forecast for 2071-2100 based on the climatic predictions made in the IPCC report. This found that although overall precipitation may slightly decrease over the summer, precipitation events in the 95th percentile for intensity would significantly increase (Christensen J and Christensen O, 2003). This would obviously increase the flood risk downstream in rural catchments. However, although climate change may, in the coming century, prove to have a significant impact on flooding, currently the topic is too heavily debated to draw any concrete conclusions on the extent to which human induced climate change increases flooding risk. We can therefore see that humans impact on flood risk in a variety of ways, some positive and some negative and all to varying degrees. It is worth bearing in mind that in some areas man may be impacting on flood risk in both a negative and positive way and therefore having an even larger impact on the stream than would at first be obvious. The evidence for man impacting on flood risk downstream in rural catchments is often disputed; however, it is clear that man is impacting on streams and flood risk. It is worth remembering that flooding is a perfectly natural event however rivers and the floods they can potentially unleash are in a delicate balance, and man is more than capable of upsetting that balance in a variety of ways.
Monday, January 6, 2020
The Motive Behind Merger And Acquisition Finance Essay - Free Essay Example
Sample details Pages: 11 Words: 3292 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? INTRODUCTION Background Mergers and Acquisitions have gained substantial importance in todays corporate world. This process is extensively used for restructuring the business organizations. Some well known financial organizations also took the necessary initiatives to restructure the corporate sector of India by adopting the mergers and acquisitions policies. Donââ¬â¢t waste time! Our writers will create an original "The Motive Behind Merger And Acquisition Finance Essay" essay for you Create order TheÃâà Indian economic reform since 1991 has opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted the Indian companies to go for mergers and acquisitions as an important strategic choice. The trends of mergers and acquisitions in India have changed over the years. The immediate effects of the mergers and acquisitions have also been diverse across the various sectors of the Indian economy. The Indian Economy has been growing at the fast rate and emerging as the most promising economy in the world. Be it in IT, RD, pharmaceutical, infrastructure, energy, consumer retail, telecom, financial services, media, and hospitality etc, there has been a sign of promising boom in the Indian economy. It is the second fastest growing economy in the world with GDP touching 8.9 % in 2010. Investors, big companies, industrial houses view Indian market in a growing and proliferating phase, whereby returns on capital and the shareholder returns are high. Both the inbound and outbound mergers and acquisitions have increased dramatically. According to Investment bankers, Merger Acquisition (MA) deals in India will cross $100 billion this year, which is double last yearà ¢Ã¢â ¬Ã¢â ¢s level and quadruple of 2005. Indiaà ¢Ã¢â ¬Ã¢â ¢s merger and acquisitions deal value in year 2010 reached almost US $50 billion which is three times of the deal value last year 2009. There were MA deals worth about $16 billion in 2009, down from close to US $40 billion in 2008. Definitions: Mergers: Mergers or amalgamation is combination of two or more companies to form as a single new company. In this process no fresh investment is made, however an exchange of shares takes place between the entities. In simple terms, a merger involves the mutual decision of two companies to combine and become one entity. Generally, merger is done between the two entities having similar size. Varieties of MergersÃâ Mergers can be of various types. But there are 5 main mergers varieties which are valued most in the corporate world.Ãâ Horizontal mergerÃâà Two companies that are in direct competition and shareÃâà the same product lines and markets.Ãâ Vertical mergerÃâà à ¢Ã¢â ¬Ã¢â¬Å" Two companies which are in the Value Chain. Market-extension mergerÃâà -Ãâà Two companies having same product but different target market. Product-extension mergerÃâà -Ãâà Two companies selling different but related products in the same market.Ãâ ConglomerationÃâà Two companies with unrelated business/ industry.Ãâ AcquisitionsÃâ Acquisition means buying the ownership of one company by another company, often as the part of the growth strategy. Unlike in merger, acquisition is generally done by a large company to a small one. Acquisitions can be either friendly or hostile. Like mergers, acquisitions are actions through which companies seek economies of scale, efficiencies and enhanced market visibility. Acquisition is done either in cash or acquiring the stock of the target company or both. Distinction between Mergers and AcquisitionsÃâ Mergers and Acquisitions are often uttered as one and the same and considered to have the same meaning. But the terms merger and acquisition are two different term meaning.Ãâ When one company takes over another independent company and clearly established itself asÃâà the new owner, the purchase is called an acquisition. From a legal point of view, theÃâà target companyÃâà ceases to exist and the buyer or the acquirer possesses the full control of the business and the buyersÃâà stock continues to be traded, then it is acquisition.Ãâ Regardless of the type of the strategic alliance they all have one purpose in common. They are all meant to create synergy that makes the value of the combined companies greater than the sum of the two parts. Synergy SynergyÃâà is the force that is obtained when two or more components meet together to produces an exceptional result which when done solely cannot be achieved. In a business synergy takes the form of enhanced performance, increased profitability and exceptional cost reduction. By merging, the companies hope to benefit from the following:Ãâ Staff reductions Economies of scaleÃâ Acquiring new technology Improved market reach and industry visibility Importance of the study When a company wants to expand, there are various ways its can do. They can achieve the growth either by capturing the market share or by growing through strategic alliances. The main objective of the merger or acquisition is to achieve growth and synergy, economies of scale and capture or expand the market share. Buzz of merger and acquisition often creates hype in the financial market about the acquirerà ¢Ã¢â ¬Ã¢â ¢s stock price. While most empirical research on merger focus on daily stock return surrounding announcement date, a few studies also look at long term performance of term performance of acquiring firm after merger.à [1]à Not only that, the performance of the company as a whole is also a matter of question mark. Will the company be able to perform better than it is doing or not? Problem Statement Many firm prior to merger and acquisition have an expectation to create a synergy from merger and acquisition. The main motive behind MA is to create efficiencies in the business and expansion of the business. But they most of the time ignore the fact that the effect of merger and acquisition has direct correlation with the value of the acquirers company and the stock price. The other problem that is to be considered is the financial risk associated with the MA. Research Objective The objective of this study is to gain the deeper and clear knowledge of the merger and acquisition on the acquiring firm. It also aims at the financial risk that a company may face post merger/ acquisition asa well as the long term performance of the acquirer. The objectives are as follows: To examine the effect of EPS myopia on the return of acquiring firms in mergers. Evaluate the effect on the stock price of the acquiring company post merger and acquisition. Critically evaluating if the shareholders of the acquiring companies experience wealth effect as a result of MA. The expected long term performance of the acquiring firm. Study of the financial risk pertaining to the merger and acquisition. Research Question What is the motive behind Merger and Acquisition? What is the effect on the stock price of the acquirer pre and post MA? Does the buzz create the bubble effect on the market or is it long lasting? What is the wealth effect of the acquirer firm post and pre MA? What is the trend of MA in Indian market? Drivers of MA in India What are the effects of MA to the competitors? Effect of the tax to the government post merger and acquisition. Limitations of the Study No proper information on the companies is found except for their Balance Sheet and Income Statement. This study is based on secondary database, so errors in the data could affect the results of the study. External factors such as economic conditions, regulatory changes etc are not taken into consideration. An overview of the Study This dissertation is divided into five chapters. The first chapter deals with the background information, problem statement, objective of the study, importance of study, research question limitation of the study. The second chapter deals with literature review. This chapter indicates the theoretical framework of the valuation method of Merger and Acquisition. It shows the detail description of the past research that has been done on the topic and discusses the outcome of the study. The third chapter deals with the research methodology of the dissertation. It deals with the Research method used for the data and information collection. It includes sample selection/design procedure, data collection and data analysis tools used in the dissertation. In this part assumptions had been made where there is lack of appropriate data and information. The fourth chapter deals with analysis and interpretation of the financial data that are used to achieve the objectives of the disserta tion. This section mainly deals with the findings from the study and also focuses on the analysis and its results. The fifth and the last chapter of this dissertation present the findings of the study, recommendation of the study to the investors, financial managers regulators. It also concludes the suggestions for future research. Chapter II Review of the Literature 2. Literature Review Many authors and writers have written lot about merger and acquisition and its impact on the performance of the company as well as on the economy. A great deal of research has been carried out on the performance of the corporations involved in the merger and acquisition. When a company wants to jump start a long term growth or boost up the corporate performance, MA may seem to be the best option. Yet study after study puts the success rate of MA lies just between 20% and 30%. A lot of researcher had tried to explain the abysmal statistics, usually by analyzing the attributes of the deals that worked and those that didnà ¢Ã¢â ¬Ã¢â ¢t. What is lacking is the robust theory that identifies the causes of those success and failures.à [2] 2.1 Merger and Acquisition: Conceptual Review Farlex Financial Dictionaryà [3]à has defined à ¢Ã¢â ¬Ã
âA decision by two companies to combine all operations, officers, structure, and other functions of business. Mergers are meant to be mutually beneficial for the parties involved. In the case of two publicly-traded companies, a merger usually involves one company giving shareholders in the other its stock in exchange for surrendering the stock of the first companyà ¢Ã¢â ¬? Pratap G. Subramanyam (2005) has stated merger as in the term associated with the integration of one company into another. The merging company should exist thereafter and all its assets and liabilities get legally vested in the merged company. This means that the merger means amalgamation of the assets of the two or more companies to form a new company serving the similar or different purpose. 2.1.1 Recognition of amalgamation (merger) by Indian Statutory Bodies The Company Act of India does not define an amalgamation or a merger. Therefore, the term are being interpreted as being included in the term à ¢Ã¢â ¬ÃÅ"arrangementà ¢Ã¢â ¬Ã¢â ¢ as defined in Section 390(b). This is vindicated by the fact that Section 394 talks about arrangement that are in nature of amalgamation of two or more companies. It is possible under Companies Act for two or more companies to amalgamate using the shareholder approval route under Section 293(1)(a) though such route is never adopted. The more appropriate route is to get court order under Section 394 of the Act, which has been specifically enacted to enable amalgamations. Section 390 This section provides that à ¢Ã¢â ¬Ã
âThe expression à ¢Ã¢â ¬ÃÅ"arrangementà ¢Ã¢â ¬Ã¢â ¢ includes a reorganization of the share capital of the company by the consolidation of shares of different classes, or by the division of shares into shares of different classes, or by both these methodsà ¢Ã¢â ¬? Section 394 This section contains the powers while sanctioning scheme of reconstruction or amalgamation. Under the Income Tax(IT) Act, 1961 Section 2(1B) the word amalgamation in relation to companies means the merger of one or more companies to another company or the merger of two or more companies to form one company so that: All the property of the amalgamating company or companies before the amalgamation becomes the property of amalgamating company by virtue of the amalgamation. All liabilities of the amalgamating company or companies immediately before the amalgamation become the liabilities of amalgamating company by the virtue of amalgamation. Accounting Standard AS-14 defines amalgamations as those pursuant to the provisions of the companies Act or any other statute, which may be applicable to the companies. Therefore, it applies to all transactions that come under the purview of Section 391-394 of the Companies Act that relate to integration of two or more com panies. AS-14 categorizes amalgamation into two categories: (a) amalgamation in nature of merger (b) amalgamation in nature of purchase. An amalgamation fall into former category if: All assets and liabilities of transferor company become after amalgamation, the assets and liabilities of the transferee company. Shareholders holding not less than 90% of the face value of the equity share of transferor company (excluding the shares held by the transferee company), become the equity shareholder of the transferee company by virtue of the amalgamation. The consideration for the amalgamation, receivable by those equity shareholders of the transferor company who agree to become the equity shareholder in the transferee company, is discharged wholly by issue of shares (except for fractional shares that may be settled in cash). The business of the transferor company is intended to be carried on by the transferee company. Acquisition is the mechanism by which companies change hands and through transfer of ownership of share or transfer of control. Acquisition means the purchase of or getting access to significant stakes in a company, often making such acquirer a major shareholder or force in the company. According to Dictionary of Financial Termà [4]à à ¢Ã¢â ¬ÃÅ"If a company buys another company outright, or accumulates enough shares to take a controlling interest, the deal is described as an acquisition.à ¢Ã¢â ¬Ã¢â ¢ For example, if Corporation A buys 51% or more of Corporation B, then Corporation B becomes a subsidiary of Corporation A, and the activity is called an acquisition. A single investor may buy out a publicly-traded company; one calls this going private. Acquisitions occur in exchange for cash, stock, or both. Acquisitions may be friendly or hostile; a friendly acquisition occurs when the board of directors supports the acquisition and a hostile acquisition occurs when it does not. 2.1.2 The Acquisition and Takeover Code in India After the advent of the SEBI, introduced in 1994, there was a concerted attempt at formulation of a comprehensive framework under which acquisition and takeover could be made in existing listed companies. However the takeover code does not apply to unlisted companies and continue to be regulated by the provision of the Company Act. Listed companies are currently governed by the provision of Takeover Code, clause 40A and 40B of the Listing Agreement of the stock exchange and Section 108B and 108D of the Companies Act as regards acquisition and takeovers. Under the provision of Section 108B, corporate under the same management holding whether singly or in aggrete.10% or more of the nominal value of the subscribed equity share capital of the any other company shall, before transferring one or more such shares, give to the central government an intimation of its proposal to do with the prescribed details. Section 108D provides the similar provision wherein the Central Government can act suo moto of any transfer of a block share in a company. All the Sections under 108 are backed by Section 108G. Section 108G Applicability of the provisions of sections 108A to 108F.à ¢Ã¢â ¬Ã¢â¬ The provisions of sections 108A to 108F (both inclusive) shall apply to the acquisition or transfer of shares or share capital by or to, an individual firm, group, constituent of a group, body corporate or bodies corporate under the same management, who or whichà ¢Ã¢â ¬Ã¢â¬ (a) is, in case of acquisition of shares or share capital, the owner in relation to a dominant undertaking and there would be, as a result of such acquisition, any increaseà ¢Ã¢â ¬Ã¢â¬ Ãâ (i) in the production, supply, distribution or control of any goods that are produced, supplied, distributed or controlled in India or any substantial part thereof by that dominant undertaking, orÃâ (ii) in the provision or control of any services that are rendered in India or any substantial part th ereof by that dominant undertaking; orÃâ (b) would be, as a result of such acquisition or transfer of shares or share capital, the owner of a dominant undertaking; orÃâ (c) is, in case of transfer of shares or share capital, the owner in relation to a dominant undertaking. The SEBI Takeover Code brought in several new features into acquisition law which were not present in Clause 40A and 40B. The basic theme of the code is to provide for fair play and transparency in acquisition and takeover but at the same time to ensure that they are not stifled into extinction. 2.2 Differentiation of Merger and Acquisition In general Mergers and Acquisitions are used interchangeably, but they have a subtle differentiation in there meaning. Weston and Copeland (1992) distinguished merger and acquisition: merger as a transaction between more or less equal partners, while acquisitions are used to denote a transaction where a substantially bigger firm takes over a smaller firm. Their basis of distinguish was the size. But there are other factors apart from size that denotes the differences between merger and acquisition. Asquith Mullins (1986) define mergers and acquisitions on basis of share distribution. When two firms merge, shares of both are surrendered and new shares in name of the new firm will be issued. Unlike in merger, shares of the acquiring firm are not surrendered but traded in the market prior to the acquisition and continue to be traded by the public after the acquisition. The shares of the target firm cease to exist publicly. Motives behind Merger and Acquisition There are three major motives for the mergers and takeovers: Synergy, Agency, Hubris Synergy motive means that the sum total return/value from the integration of two or more companies should be greater than that from the individual company. Elazar Berkovitch (1993) suggests that the takeovers occur because of economic gains that results by merging the resources of the two firms. They even concluded that total gains from MA are always positive and thus can say that synergy appears. The agency motive suggests that takeovers occur because they enhance the acquirer managementà ¢Ã¢â ¬Ã¢â ¢s welfare at the expense of acquirer shareholders. Elazar Berkovitch and M. P. Narayanan (1993) suggested three major motives for mergers and acquisitions: synergy, agency and hubris. The synergy motive suggests that the takeovers occur because of economic gains that results by merging the resources of the two firms. The agency motive suggests that takeovers occur because they enhance the acquirer managementà ¢Ã¢â ¬Ã¢â ¢s welfare at the expense of acquirer shareholders. The hubris hypothesis suggests that managers make mistakes in evaluating target firms, and engaged in acquisitions even when there is no synergy. Khemani (1991) states that there are multiple reasons, motives, economic forces and institutional factors that can be taken together or in isolation, which influence corporate decisions to engage in MAs. It can be assumed that these reasons and motivations have enhanced corporate profitability as the ultimate, long-term objective. It seems reasonable to assume that, even if this is not always the case, the ultimate concern of corporate managers who make acquisitions, regardless of their motives at the outset, is increasing long-term profit. However, this is affected by so many other factors that it can become very difficult to make isolated statistical measurements of the effect of MAà ¢Ã¢â ¬Ã¢â ¢s on profit. The free cash flow theory develo ped by Jensen (1988) provides a good example of intermediate objectives that can lead to greater profitability in the long run. This theory assumes that corporate shareholders do not necessarily share the same objectives as the managers. The conflicts between these differing objectives may well intensify when corporations are profitable enough to generate free cash flow, i.e., profit that cannot be profitably re-invested in the corporations. Under these circumstances, the corporations may decide to make acquisitions in order to use these liquidities. It is therefore higher debt levels that induce managers to take new measures to increase the efficiency of corporate operations. According to Jensen, long-term profit comes from the re-organization and restructuring made necessary by takeovers.
Sunday, December 29, 2019
Are Violent Video Games Are Harmful To Children And...
Taking Sides: Violent Video Games There has been a long-standing debate that violent video games are harmful to the rising generations. The article that was selected to be critiqued is, ââ¬Å"Are Violent Video Games Harmful to Children and Adolescents?â⬠. The purpose of this paper is to analyze and critique the research methods and conclusions included by the author of the article. Summary Author, Steven F. Gruel, argues that there is an overwhelming amount of science and research that supports the claim that video games that are violent are indeed harmful to human development (Gruel 2010). It affects their development by causing them to act more violently. He begins by discussing that over time, usage of violent video games among youth hasâ⬠¦show more contentâ⬠¦This proves to be a problem as it does not give the reader all the details. The article expects the reader to agree with the author without knowing the complete information. This takes away from the critical thinking that the reader should do when reading an opinionated article. It is important for the reader to be able to form an opinion on their own and not from just what the author tells them is true. An example from the article is when he claimed that studies have shown evidence that exposure to violent video games reduced the playerââ¬â¢s ability to control their impulses. (Gruel 2010) As a r eader, this statement is substantial to forming an opinion on the issue, but it lacks substance to deduct a thorough understanding of what is being stated. There is no explanation of the experiment where the results came from, no discussion of sample size, no explanation of the type of experiment, and no documentation of the subjects. The reader is left to either fill in the blanks with their own assumptions or blindly trust the author. Weakness: Suggests that Correlation does Equal Causation The next issue that can be found, is he suggests that correlation found in studies equals causation. In the text, he states, ââ¬Å"Several studies documented a negative relation between amount of time playing video games and school performance among children, adolescents, and college students.â⬠(Gruel 2010). With this he correlates video games with doing poorly in schools. This is aShow MoreRelatedViolent Video Games Harmful On Children And Adolescents861 Words à |à 4 PagesViolent Video Games Are Harmful to Children and Adolescents. There is overwhelming scientific research that suggests that playing violent video games are harmful to children and adolescents. The scientific evidence has uncovered several areas in the development of children and adolescent that are negatively impacted because of the exposure to and playing of violent video games. Some of the key areas that are negatively affected include brain activity, stress levels and behavior. Playing violentRead MoreViolent Video Games Essay889 Words à |à 4 Pagesââ¬Å" Video game violence has become a highly politicized issue for scientists and the general public â⬠( Ferguson, 2007 p309). The video game is always controversial as some of them contain sexual and violence and so on. Especially some violence games were played by the adolescents. Adolescents are very fragility. Violent video games are negative for the children which will impact their social relationship, their health and make them has aggressive behavior. First violent video games will impactRead MoreThe Effects Of Violent Video Games On Children902 Words à |à 4 PagesThe lives of adolescents consist of indulging themselves with some form of an activity that occupies their restless minds. Violent video games are a conflict in modern day society because children are witnessing harsh behaviors that are conditioning them to believe it is acceptable to commit these actions displayed before their eyes. There are many health effects that are involved with participating in these products of entertainment such as an increase in aggression, poor social skills and the formationRead MoreBanning Violent Video Games On Children1545 Words à |à 7 Pages Banning Violent Video Games A child is killing police officers. A teenager is hiring prostitutes to potentially kill them. He is using weapons such as guns, chainsaws, and knives to kill and commit horrible crimes. Thousands of children and teens participate in these actions daily. How? Violent Video games such as Doom, Call of Duty, and Grand Theft Auto are just a few of the games that are full of these awful actions. The Harvard Mental Health Letter states, ââ¬Å"The Pew Research Center reportedRead MoreViolence of Video Games Essay1204 Words à |à 5 PagesThe overconsumption of things that we assume are not harmful to us can result in death or very close to it, such as Vitamin b, codeine, alcohol, and water. What do all of these have in common? All of these can either kill you, or become very harmful to your well being if you consume too much of it. We could certainly compare the ââ¬Å"overconsumptionâ⬠of video games with violence to the above with added danger. The fact that video games ar e addictive as can be seen by anyone with experience of playingRead MoreIs video gaming a force for psychological good or psychological harm?1000 Words à |à 4 PagesIs video gaming a force for psychological good or psychological harm? Is video gaming a force for psychological good or for psychological harm? This is one of the issues discussed in the last thirty years. A lot of people, especially parents, would say gaming is harmful on a childââ¬â¢s psychology. Those people would say that video games make children aggressive; they are frustrating and highly addictive. The concerns are not only about children, they go for teenagers and young adults as well. SomethingRead MoreViolent Video Games : Positive And Negative Effects On Children And Adolescents774 Words à |à 4 Pagesgaming systems, violent video games have become well-liked by children and adolescents. The playing of violent video games has always been a controversial topic, but in recent years it has become a heated debate. Whether the playing of these games desensitize the player or not. Video games have been around since the late 1970s, however violent video games were introduced in the 1990s. In recent years the violence in games have increased al ong with the enhanced graphics making the games more realisticRead MoreViolent Video Games Effects On Society988 Words à |à 4 PagesVideo games have been around for half a century, when the first simple tennis game was designed by William Higinbotham in 1958. Since then, video games have gotten more in depth, and now include the best graphics and a vast amount of options which include violent video games. Violent video games have gotten more popular with the vast amount of variety including the franchise of Call of Duty, Battlefield, and Grand Theft Auto. In addition, these are the most common and sought after video games, andRead MoreMass Media And Its Effect On Children1668 Words à |à 7 Pagesmass media parent the children of today. Consequently, radio, video games, television, movies, videos, phones, and social networks play a significant role in their upbringing. For, they assist in influencing a childââ¬â¢s values, beliefs, and behaviors. Children rather unconsciously heed and imitate the images exhibited, for example, in television, they learn the appropriate way to comport and oneââ¬â¢s countenance. Electronic mass media, in particular, contains an element that is harmful to childrenââ¬â¢s psychologicalRead MoreThe Number Of School Shootings1613 Words à |à 7 PagesThe number of school shootings by teenagers causes researchers great concern. Researchers wonder if there is a correlation between the increased numbers in young adolescents playing video games containing violence, and the increased numbers of teenage school shootings. Brad Bushman believes there is a correlation between ââ¬Å"video game violence and violenceâ⬠(2013, p. 376) To explore the correlation, one must first understand the definition of aggression. Eden and Eshet-Alkalai use Anderson and Bushmanââ¬â¢s
Saturday, December 21, 2019
3 Best Stories Essay - 710 Words
During my English comp summer session class, I was instructed to read several essays and give my feedback on them. In my opinion, the last three writings were probably the most memorable and important. ââ¬Å"Hurricane Katrinaâ⬠, a story on the immediate and after affects of Hurricane Katrina on the city of New Orleans, was first of these three stories. It focused on real life experiences of people who lived through it, victims giving their heartrending testimonies. ââ¬Å"Itââ¬â¢s Not Just A Bikeâ⬠, is about Lacey Taylor and her tireless pursuit in her cause to help bring to a halt thieves stealing bikes from off her school campus. Another story I read was ââ¬Å"Free The Childrenâ⬠. It gave constructive criticism to parents who would not generally letâ⬠¦show more contentâ⬠¦Ã¢â¬Å"Imagine one day waking up to find that your car had been stolenâ⬠, Taylor once said, she believes that a bike for a lot of people is no different from any other trans portation that a person may rely on. Stating her solution, she suggests posting signs that simply say that the act is against the law and punishable. This would be as an inexpensive way to help. Other solutions were; possibly starting an awareness program or even strategically placing cameras where they have a clear view of the bike racks. I think that Taylor presents an excellent idea. The seriousness and dedication she displays causes me to open my eyes and pay attention to ways I may be able to help make my school campus a better place. The last writing I read was ââ¬Å"Free The Childrenâ⬠, a very informative story by author Nancy Gibbs. Gibbs believes that children should enjoy summers that donââ¬â¢t count or place pressure on them. She says that experts have for a long time said that the modern child has more stress than those of earlier generations. I thought that this was an interesting read because I probably would naturally think that preparing my child du ring the summer, for the upcoming year would give them an advantage. The evidence author Gibbs presents suggests the contrary. She finishes by saying ââ¬Å"I wish that I could have that time back to be a youth without the strains of work and schoolâ⬠. I completely agreed with her take.Show MoreRelatedTrue Disney Fashion Toy Story1280 Words à |à 6 PagesIntro: In true Disney fashion Toy Story was the first fully computer-generated full-length feature film. Through the dedication of Pixarââ¬â¢s team and Disneyââ¬â¢s innovationââ¬â¢s, Toy Story was taken to ââ¬Ëinfinity and beyondââ¬â¢ with the number 1 box office champion in 1995. Grossing over $361 million worldwide. This film was an amazing breakthrough in the way movies were made and was the foundation for many movies to come. John Lasseter stated in The Making of Toy Story interview ââ¬ËWe were like pioneers andRead MorePixar Animation Studios : Disney Studios1874 Words à |à 8 Pagesmagic was about to begin. The place of origin for Pixarââ¬â¢s imagination to run wild: a bedroom. When the kid is away, the toys will play, or at least that is what Pixar intended to show with the first movie that Pixar and Disney put together, Toy Story. Toy Story, filmed in 1995, talks about a roomful of toys springing to life whenever there are no humans around. From Mr. Potato Head to Bo Peep, the movie springs to life with characters in a way never seen before. Animator Jeff Pidgeon said ââ¬Å"It felt likeRead MorePowerpoint Less : Presentation Software That Helps You Tell A Powerful Story And Share Your Slides877 Words à |à 4 Pages[1] That leads to a unresponsive and tuned out audience. Now that we have defined the problem, it must be stated this is not a PowerPoint issue. ââ¬ËAccording to Microsoftââ¬â¢s website, PowerPoint is ââ¬Å"presentation software that helps you tell a powerful story and share your slides.â⬠ââ¬â¢ [2] PowerPoint is just a tool to accomplish the goal. The problem is the user not knowing how to use the tool to accomplish said goal. Those that have studied the problem have put together a list of doââ¬â¢s and do notââ¬â¢s. ForRead MoreThe Best Death Ever814 Words à |à 4 PagesThe Best Death Ever ââ¬â Niall Griffiths By Christian Steenfeldt, 3.U Children cannot differentiate between what is fun and what is serious. In the short story ââ¬Å"The Best Death Everâ⬠by Niall Griffiths four boys are playing a game where they have to fake a death. The boy whoever fakes the best death wins the game. The four boys do not understand what they are doing and see the game, The Best Death Ever, as a fun game. Until one moment, when one of the boys misjudges the distance to ground and almostRead MoreBook Talk Questions : Harry Potter And The Sorcerer s Stone932 Words à |à 4 Pages(font size 12-14). Remember, each question must have textual evidence (direct quote, pg. #) as support. 1. What color well represents the book? A sample of the color is provided. 3 points The colors that would best represent the book Harry Potter and the Sorcererââ¬â¢s Stone would be red and gold. These colors are the best to represent the book because theyââ¬â¢re Harryââ¬â¢s house colors. On page 90, Professor McGonagall said,â⬠The four houses are called Gryffindor, Hufflepuff, Ravenclaw, and Slytherin. EachRead MoreMeta Cognitive Observation1736 Words à |à 7 Pagesgiven learning task, monitoring comprehension, and evaluating progress toward the completion of a task. This activity will help the students understand on how metacognition should be applied to improve the different study skills. Procedure Interview 3 different children ââ¬â one age 4 ââ¬â 6, one age 7 ââ¬â 9, one age 10 or older. These will be semi-structured clinical interviews. Record the questions you ask and the childââ¬â¢s answers. You do not have to ask the questions exactly as they are posed belowRead MoreThe Main Types Of Point Of View878 Words à |à 4 PagesDefine the 3 main types of point of view. (3rd Person) Omniscient: Told from the p.o.v. of an outside narrator. 1st Person: This perspective is told from the p.o.v. of the main character. (3rd Person) Limited:This p.o.v. is a way of telling the story in which only the narrator knows the thoughts and feelings of a character. 2. What does the Latin root word aud mean? The Latin root word aud means to ââ¬Å"hearâ⬠. 3. Why is dialogue important to a story? The dialogue is important to a story because itRead MoreCounselling P1717 Words à |à 3 Pagessituations and encourage the client to overcome their issues. Gerard Eganââ¬â¢s 3 Stage Skilled Helper Mode 1994, provides a basic guideline on how helping relationships should be carried out. It is important that helpers take into consideration the steps provided in the Eganââ¬â¢s mode as it provides structure and positive support to clients. The 3 stages are: 1. The Present Scenario 2. The Preferred Scenario 3. Getting There Within each stage there are additional steps which provide detailedRead MoreAlice s Wonderland : Carbon Copy1186 Words à |à 5 Pagespropose that it can be done and this paper has compile information showing by finding the perfect Alice Character, sticking to the true spirit of Lewis Carrollââ¬â¢s Alice in Wonderland original story line, incorporating the right visual and special effects, as well as, the best animation, sound, art direction, and the best costumes then by bringing in the top orchestra and casting the most talented (not necessarily the most popular) actors and actresses, that a perfect Alice movie can in fact be made intoRead MoreToy Story 3 Hero Journey Analysis1255 Words à |à 6 Pagesimagine the same nightmare but with your life along with your best friends and loved one life on the line. That is how it is for heroes such as Woody. All your decisions leading up to one death defining event. Which you hope all those decisions were the best you could have made. Then, finally at the last moment, while you are tasting death, you escape. This is the type of experiences heroââ¬â¢s go through. Therefore, in the film, Toy Story 3, the storyteller uses the heroââ¬â¢s journey and a mentor to reveal
Friday, December 13, 2019
Barriers to Effective Communication Free Essays
This paper will discuss the process of communication and its components. The differences between listening and hearing within communication will be reviewed. Formal and informal channels of communication will be described and the different barriers between effective communications will be assessed. We will write a custom essay sample on Barriers to Effective Communication or any similar topic only for you Order Now Lastly, strategies that may be implemented to overcome communication barriers will be examined. The process of communication can be described within five steps. The five steps of the communication process include: transmitting an idea, sending the idea, receiving the message, understanding the message and providing feedback to the sender (Wallace Roberson, 2009). Transmitting an idea involves the development of a thought or thoughts and then a need to divulge the information to another person is conceived. Sending the idea is the way in which the thought is transmitted from one person to the next. This could be done verbally, in writing or by portraying an action to someone else. The intended party must then confirm receipt of the message. If this does not occur then the transmittal of the message could be unsuccessful. Receipt of the message also falls on the responsibility of the sender. The sender should ensure proper transmittal of the message to the intended recipient. Comprehension of the message is the senderââ¬â¢s ability to send a clear and concise message to the receiver. The message needs to be understood by the receiver in order for there to be a proper flow of communication. Feedback can occur in written form or verbally from the receiver. The receiver of the message will provide the sender with an acknowledgement that the intended message was understood or needs further clarification. The process of communication is two-fold and requires responses from both a sender and a receiver in order for it to work properly. Listening and hearing are two different matters when it comes to communication. Hearing is something that happens naturally and we hear things all day. There is no concentration or thought process involved to hear something. Listening requires a thought and concentration. To listen to something is to actually process in our brain what is being heard or read. Listening requires one to hear, but hearing does not require you to listen (Dunn, 2004). Intended communications can be misconstrued when the intended receiver only hears the message instead of listening to the message. Within the criminal justice organization there are formal and informal channels of communication. Formal channels of communication consist of a clear and concise method to ensure messages are transmitted from one person to the next. This type of communication channel typically funnels from the top down, meaning from the boss to the employees. Formal communication in criminal justice includes memorandums, reports, orders and/or regulations. This helps to keep a set standard, organization within a unit and uniformity. There are also disadvantages to a formal channel of communication. The disadvantages consist of this process being time consuming and tedious. Because of the long process, a formal communication process cannot always keep up with things that change often. A formal process can also hinder ideas and thoughts from being transmitted because some people lack the skill or the drive to follow through with such a formal and long process. The informal channel of communication is ââ¬Å"office gossipâ⬠or idle office chatter. This allows for information to travel from the employees to the boss in a funnel up theory. This will also allow for employees to discuss information amongst themselves without being in a formal setting or doing formal reports. Informal lines of communication significantly decreases the time it takes to receive an answer rather than doing up a formal report, sending it for signature and waiting for a response back. Questions and answers can be achieved within a matter of minutes via informal channels of communication. Barriers within the communication process exist when one person is concerned with personal or professional status (Wallace Roberson, 2009). There are four different types of barriers that exist within this process and they are: emotional, physical, semantic and ineffective listening barriers. Emotional barriers are when people use their past or present experiences to form a message or decode a message. Self-esteem is at the root of emotional barriers; those with low self-esteem will not transmit many messages for ear of rejection and those with high self-esteem may try to impress their own ideas onto others. Physical barriers are any physical interruptions when trying to transmit a message. This could be equipment malfunctions, distance, or strict rules and regulations requiring certain steps be followed before transmitting any information. Semantic barriers are those words or phrases that can be interpreted differently depending on the person receiving the message. A phrase can be said to mean one thing and three different people could interpret it to mean three different things. Ineffective listening is the fourth barrier that could exist in the criminal justice system. Ineffective listening is the inability to clearly listen to a message and interpret what was being said or read. This could be due to distraction, boredom, fatigue, stress or a failure to connect with the speaker. Barriers to communication hinder the process because it stops the flow of communication from one person to the next. There are ways to overcome communication barriers within the criminal justice system. One way to overcome the barriers is to provide feedback. Feedback keeps the listener involved and lets the speaker know you are paying attention and that you understand what is being said. One can overcome emotional barriers by trying to distress before coming onto the job. Leaving emotional baggage out of the office and trying to stay focused on work at work can help to overcome the emotional barrier. Using certain tones to convey messages can defeat a semantic barrier. Tones in oneââ¬â¢s voice can help to portray different messages in different ways. Facial and nonverbal expressions can also help to overcome semantic barriers in communication. In order to improve listening skills requires practice. In order to effectively listen to a message there has to be a need to know. Listening skills are something that everyone can always improve on and this only comes from practice. Effective communication within the criminal justice system is imperative to everyone involved. By learning the barriers and strategies to reduce the barriers we can improve on both transmitting and receiving messages. Communication is key in every facet of life and the criminal justice system depends on it. How to cite Barriers to Effective Communication, Papers Barriers to Effective Communication Free Essays Human communication lies in the fact that the dialogue neither enforces oneââ¬â¢s opinion against the otherââ¬â¢s one, nor does it add oneââ¬â¢s opinion to the otherââ¬â¢s one as in some mathematical addition. The dialogue changes both of them. A successful dialogue is of such character that it is impossible to fall again into the disagreement that caused it. We will write a custom essay sample on Barriers to Effective Communication or any similar topic only for you Order Now It is only community, which is so common that it is no longer my or your view but the way how we mutually interpreted the world, what enables moral and social solidarity. What is right and what is considered to be correct, that in its substance needs society, which comes into being by means of mutual human understanding. The mutual view is in reality being built all the time in mutual dialogue and then it again falls into the silence of understanding and common place. Or this reason, it is considered justified the assertion that all non-verbal forms of understanding aim back to the understanding that spreads through speech and dialogue. These are barriers to understanding, which are given by the character of virtual study environment which can be overcome, for example by technical perfection, only when this environment comes closer to reality. There are certain limits in this dialogue, certain barriers to understanding, which have extra-causal basis.Let us list at least the most marked ones: Cultural and national differences; Overall life temperament; Personal disposition and character; Type of thinking, paradigm of rationality; Professional difference; Age difference; Experiential and knowledge difference; Language barrier. Virtual study environment provides structured contents of the subject of study in terms of syllabus and study materials as well as sets of questions, tasks and tests and self- tests, which are composed mainly on the basis of utterance logic and in accord with didactic principles of increasing demands and clarity (there are used not only pictures, but also schemes, visualizations, audio tools, etc.). It also offers space for communication by means of ââ¬Å"dialoguesâ⬠with various focuses and levels of engagement and shared work space, which enables virtual communities to cooperate at common projects. How to cite Barriers to Effective Communication, Papers Barriers to Effective Communication Free Essays Effective communication is essential to the accomplishment of any organization or company. The easy procedure for attaining the capability to interact properly between one host and another host can result in the real difference of life or death. There are lots of hurdles within communication in case an individual isnââ¬â¢t properly trained to abide by certain principles. We will write a custom essay sample on Barriers to Effective Communication or any similar topic only for you Order Now This document will review a lot of examples of effective communication as well as the hurdles a person may face when trying to properly transmit information to another person. The word communication is depending on a type of a systematic procedure which involves the exchange of information between one person to another or between parties. There are normally a number of arrays between systems of symbols which is intertwined with discipline to produce a particular type of communications. Various parts of communications consist of situation, channel, interference, atmosphere, comments, source, message, and receiver. Communication is exactly what allows people to share particular experiences or knowledge between themselves. Personal communication is noticeable by many types including talking, writing, broadcasting, sign language, as well as gestures. Broken down even more, various types of communication also can be accidental, deliberate, transactive, interactive, inter or intrapersonal and also verbal and nonverbal. The differences between hearing and listening are quite distinct. When an individual is hearing, one simply feels a sound. However, in case an individual is listening, they are simply being mindful or conscious with a wish to hear or reply to others while making sure an understanding of the type of communication. One should be certain that one has a dedication to listening as well as have an open mind to think about ones point of view. Keep up with the capability to listen to what an individual is stating irrespective of whether one agrees or disagrees with the other. Avoid the impulse to spring to results and recognize body gestures. Donââ¬â¢t end a talk suddenly, rather be very sensitive, sympathetic, as well as understanding (Sykes, 2005). Sometimes, an individualââ¬â¢s notion of listening can be to jump in the middle of the talk and attempt to give undesirable advice. But, the ord listening doesnââ¬â¢t involve an invitation when a problem should be fixed. At times the speaker is just looking for an ear which would listen sympathetically. The capability to efficiently listen can make a difference in the achievement of a relationship or a job. Just listening can sometimes, help in accomplishing degrees of success required in order to go ahead. Formal communications is a much more m anaged or organized method in which pertinent information is shared between persons in an attempt to achieve a secure, synchronized action in the company. The idea behind formal communication bases an individualââ¬â¢s part in a company and distributes their communication in an organized way which goes as per the established chain of command. In a criminal justice organization, formal communication normally moves in a downward manner generally starting at the police commissioner stage and working its way down toward the stage of police officer. Formal communication also works the other way round by having reports or facts from the police officer stage passed on as high as the police commissioner stage, based on its significance. When talking about informal communications in a criminal justice company, we will know that it meets a variety of requirements, more specifically, emotional as well as social requirements. Informal communication isnââ¬â¢t really depending on the position that an individual takes up in the company. Informal communication isnââ¬â¢t a planned, a managed type of communication, however, itââ¬â¢s a lot more like a casual, relaxed type of communication in which word of mouth swiftly passes through a company since there is restriction on the secrecy of the information. Grapevine will be the word most frequently used for informal communication in a criminal justice company. As per Wilhelm, ââ¬Å"Grapevine communication can spread information quickly and can easily cross establish organizational boundaries, the information it carries can be changed through the deletion or exaggeration of crucial details thus causing the information to be inaccurate ââ¬â even if itââ¬â¢s based on the truthâ⬠(2010). A known hurdle to efficient communication is inhibition. Different personalities, family characteristics, or dependencies may influence communication. One more known hurdle to efficient communication is referred to as denial. Believe it or not, denial is kind of a human expression in which we refuse circumstances in which we donââ¬â¢t feel any comfort in showing or being sincere about. Alternatives have been known to turn into hurdles in a number of ways toward efficient communication. Incongruenceââ¬â¢s happens when a spoken message isnââ¬â¢t congruent or equivalent to the language of the body nor the pitch, volume, as well as power of facial expressions. To assess an individualââ¬â¢s efficiency of how to communicate with other people, one should have the capability to exchange ideas with other people, fix problems, as well as know anotherââ¬â¢s point of view. The simple act of communication isnââ¬â¢t easy; one should be capable to communicate verbally, nonverbally, as well as know preverbal components. While referring to the subject matter of a message for example the arrangement or selection of our phrases, we are interacting verbally. Transmitting messages through body gestures is a type of nonverbal communication. While talking about how we say what we say for example the pacing or volume of our sounds, we are communicating in a preverbal context. All three parts should be used successfully so as to accomplish efficient communication. We should be capable to send brief, clear messages and also hear and understand the message another is attempting to convey. So far as communication is concerned, we wish to attempt to send nonverbal, preverbal, as well as verbal messages. The listener can become baffled with our message in case we are irregular. It might also form a lack of confidence in which it might undermine the opportunity to develop a good connection with another. However, when individuals listen efficiently, they may be capable to recognize particular phrases or actions which may lead that individual to knowing the scenario as the other person is attempting to express it. In case a person gives a message which includes contradictory information, the nonverbal information is what the other person might think as believable. We successfully have covered much of the various hurdles of communications and also developed strategies as well as solutions to assist us overcome a variety of different hurdles to efficient communication. Even though the reality may be subjective or a matter of belief when it involves efficient communication, we should see a much deeper knowledge of the issue and assess any potential route in which a contract might be reached. Reference 1. Sykes, J. F. (2005). Communication Skills. The Sykes Group. Retrieved from http://www.thesykesgrp.com/BiteYourLipListenArt01.htm 2. Wilhelm, L. (2010). Formal/Informal Communication. Express Yourself to Success. Retrieved from http://www.expressyourselftosuccess.com/formal-informal-communication-channels/ How to cite Barriers to Effective Communication, Papers
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